U.S. Securities and Exchange Commission
                       Washington, D.C. 20549

                             Form 10-QSB

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

            For the quarterly period ended June 30, 2004

[  ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

     For the transition period from ____________ to _____________

                  Commission file number:  000-13846


                       STRATEGIC ALLIANCE GROUP, INC.
      (Exact name of small business issuer as specified in its charter)

         Florida                              75 14 33 000
(State of incorporation)         (IRS Employer Identification No.)

                  10 Southeast Central Parkway, Suite 225
                          Stuart, Florida 34994
               (Address of principal executive offices)

                             (772) 283-4490
                       (Issuers telephone number)

Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past
12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [  ]

        APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
          PROCEEDINGS DURING THE PRECEEDING FIVE YEARS

Check whether the registrant filed all documents and reports
required to be filed by Section 12, 13, or 15(d) of the Exchange
Act after the distribution of securities under a plan confirmed by
a court.  Yes..  No..

              APPLICABLE ONLY TO CORPORATE ISSUERS.

State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date:
As of June 30, 2004,

            Common capital stock - 1,900,151 shares


Transitional Small Business Disclosure Format (Check One)
    Yes    No  X





                      TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION

Item 1	Financial Statement
Item 2	Management's Discussion and Analysis or Plan of Operation

PART II - OTHER INFORMATION

Item 1	Legal Proceedings
Item 2	Changes in Securities
Item 3	Defaults Upon Senior Securities
Item 4	Submission of Matters to a Vote of Security Holders
Item 5	Other Information







PART 1 - FINANCIAL INFORMATION

Item 1.   Financial Statements



                FINANCIAL STATEMENTS
            STRATEGIC ALLIANCE GROUP, INC.
            Reviewed Financial Statements
	           (Unaudited)
           Nine Months ended June 30, 2004



Table of Contents

Financial Statements

Report of Independent Accountant
	Balance Sheet
	Statement of Operations
	Statement of Changes in Stockholders' Deficit
	Statement of Cash Flow
	Notes to Financial Statements







                                           Aaron Stein
                                  CERTIFIED PUBLIC ACCOUNTANT
                                          981 ALLEN LANE
                                           P.O. BOX 406
                                      WOODMERE, NEW YORK 11598



INDEPENDENT AUDITOR'S REPORT


To the Board of Directors and Stockholders
of Strategic Alliance Group, Inc.


I have reviewed the accompanying balance sheet of Strategic
Alliance Group, Inc. as of June 30, 2004, and the related
statement of operations for the nine months then ended, and
the statement of cash flows for the nine months then ended.
These financial statements are the responsibility of the
Corporation's management.

I conducted my review in accordance with standards established
by the American Institute of Certifies Public Accountants.
A review of interim financial information consists principally of
applying analytical procedures to financial data and making inquiries
of persons responsible for financial and accounting matters.
It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the
objective of which is the expression of an opinion regarding the
financial statements taken as a whole. Accordingly, I do not express
such an opinion.

Based on my review, I am not aware of any material modifications
that should be made to the accompanying financial statements for
them to be in conformity with generally accepted accounting
principles.


Aaron Stein
Woodmere, New York
July 22, 2004




                     STRATEGIC ALLIANCE GROUP, INC.
                             BALANCE SHEET
                    Nine Months ended June 30, 2004
			      (Unaudited)


ASSETS

CURRENT ASSETS
	Cash and cash equivalents	         $            0


	Total cash and cash equivalents		 $            0

LIABILITIES AND STOCKHOLDERS' DEFICIT

	Common Stock:
	$.10 par value,
	Authorized 500,000,000 shares,
	1,900,151 shares issued and outstanding	        190,015


            Additional paid-in capital	               (190,015)



Total Liabilities and Stockholders Equity	 $            0




See accompanying notes to financial statements





                 STRATEGIC ALLIANCE GROUP, INC.
                   STATEMENT OF OPERATIONS
               Nine Months ended June 30, 2004
                         (Unaudited)



REVENUE                                               	$      0


GENERAL AND ADMINISTRATIVE
EXPENSES                                              	       0


OPERATING LOSS                                        	       0


OTHER INCOME (EXPENSES)
	Banking expense                                	       0



LOSS BEFORE PROVISION FOR
INCOME TAXES                                          	       0


INCOME TAXES                                        	       0


NET LOSS                                            	       0



LOSS PER SHARE
	Basic                                          	       0

AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING
	Basic                                          1,900,151



See accompanying notes to financial statements





                  STRATEGIC ALLIANCE GROUP, INC.
            STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                  Nine Months ended June 30, 2004
                          (Unaudited)


               Pref   Pref   Common             Addl
               Stock  Stock  Stock    Stock     Paid      Accum
               Shares Amount Shares   Amount  In Capital  Deficit Total


Exchange of
Preferred for
Common Shares

Issuance of
Common Shares
For Long Term
Debts

Additional Paid
In Capital					 (190,015)
Net loss
267:
Balance 6/30/04    0      0  1,900,151 $190,015  (190,015)         0







   See accompanying notes to financial statements





                    STRATEGIC ALLIANCE GROUP, INC.
                       STATEMENT OF CASH FLOWS
                   Nine Months ended June 30, 2004
                            (Unaudited)





CASH FLOWS FROM OPERATING
ACTIVITIES

	Net loss	                             $ 	    0

	Adjustments to reconcile
	net loss to net cash used by
	operating activities:
		Gain on sale of
		   fixed assets                       	    0
		Issuance of common
		   stock for services rendered
		   and other long-term
		    liabilities                             0

	Changes in operating
	assets and liabilities:
		Accounts payable and
		   accrued expenses                         0
		Preferred dividends                         0
		Other long term-liabilities                 0

		Net cash used in operating
                        activities                          0

CASH FLOWS FROM INVESTING
ACTIVITIES

	Proceeds from sale of furniture
            and equipment                                   0

CASH FLOWS FROM FINANCING
ACTIVITIES

	Proceeds from sale of common stock                  0

NET INCREASE/DECREASE IN CASH AND
CASH EQUIVALENTS                                            0

CASH AND CASH EQUIVALENTS,
Beginning			                  	    0

CASH AND CASH EQUIVALENTS,
Ending                                                      0



    See accompanying notes to financial statements





		  STRATEGIC ALLIANCE GROUP, INC.
                  NOTES TO FINANCIAL STATEMENTS
                Nine months ended June 30, 2004

Note 1: Organization, Business and Significant
Accounting Policies

	Organization

Strategic Alliance Group, Inc. (the Company) was originally
incorporated in Florida as Eutro Group Holding, Inc. in September
1991.  On October 18, 1999 the Company filed its Articles of
Amendment to its Articles of Incorporation thereby changing its
name to Strategic Alliance Group, Inc. In September 1991 the
Company completed a reverse acquisition of Bio-Analytic Laboratories,
Inc., which then became a wholly owned operating subsidiary of the
Company. On May 6, 1998, the Company sold its Bio-Analytic
Laboratories, Inc. subsidiary. Since May 6, 1998, the Company
has not had an operating subsidiary.

Business

Strategic Alliance Group, Inc. is a holding corporation. Its
principal business is to own operating subsidiaries and assist
these companies as well as other small and medium size companies
with research, development, marketing and sales.

Additionally, the Company will assist in the development of business
plans and specializes in financial public relations.

Significant accounting policies

Use of Estimates in Financial Statements -
Management uses estimates and assumptions in preparing these financial
statements in accordance with generally accepted accounting principles.
Those estimates and assumptions affect the reported amounts of assets
and liabilities, the disclosure of contingent assets and liabilities,
and the reported revenue and expenses. Actual results could vary from
the estimates that were used.

Cash and Cash Equivalents - For purposes of reporting cash flows,
the Company considers all cash accounts, which are not subject to
withdrawal restrictions or penalties, as cash and equivalents in the
accompanying balance sheet.

Income Taxes - Statement of Financial Accounting Standards No. 109
(FAS 109), "Accounting for Income Taxes" is effective for financial
statements issued for fiscal years beginning on or after December 15,
1992. Under FAS 109, deferred income taxes generally represent the
future tax effect of existing differences between the book and tax
bases of assets and liabilities, using the tax rates and laws
existing as of the latest balance sheet date.

The Company has not elected early adoption of this statement. The
adoption of FAS 109 is not expected to have a material effect on
the Company's financial position or results of operations due to
the Company's NOL position and recent losses. The Company
expects to record a deferred tax asset that will be fully reserved
through the recording of a 100% valuation allowance.

Earnings per Common Share - Basic loss per common share is
computed using the weighted average number of common shares
outstanding during the year.

Note 2: Going Concern Consideration

None


Item 2.  Management's Discussion and Analysis or Plan of Operation.

These presents should be read in conjunction with the financial
statements and notes thereto appearing in Item 1 of this Form.
As shown in the Financial Statements, there is little doubt about
the inability of the Issuer to continue as a going concern due to
its continuing lack of liquidity. It is unlikely that the Issuer can
 satisfy its cash requirements for the next 12 months without either
 receiving a substantial infusion of funds or by effecting a merger.

The Issuer plans no product research or development activity.

The Issuer has no permanent full time or part time employees. There
is no problem with significant changes or with any changes in staff.
No long term fixed contract exists with any temporary employment
service.


PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

Pending legal proceedings:

On June 30, 2004, Issuer had no pending legal proceedings against
it, and its management was not aware of any that were awaiting filing.

Pending governmental agency procedures:

On June 30, 2004, Issuer had no pending governmental agency procedures
against it and its management was not aware of any that were awaiting
submission by any government agency.

Item 2.  Changes in Securities

There have been no modifications in the instruments defining the
rights of the holders of any class of registered securities.

There has been no material limitation or qualification of the rights
evidenced by any class of registered securities by the issuance or
modification of any other class of securities.

Having secured prior approval from a vote of Issuer's stockholders,
Management effected on November 4, 2003, a reverse split of its
common stock outstanding by a ratio of 1 new common share for 250
old shares. The Issuer's trading symbol was changed to SGCA and the
number of Issuer's post reverse split shares outstanding is 1,900,151.

Item 3.  Defaults Upon Senior Securities.

None.

Item 4.  Submission of Matters to a Vote of Security Holders.

There has been no submission of any matter to a vote of security
holders during the period covered by this report, through solicitation
of proxies or otherwise.

Item 5.  Other Information.

Prior 10K and 10Q reports of Issuer have contained details of
merger negotiations with Country Wide Foods, Inc., a Florida
corporation. After long and tortuous negotiations, the attempt
at merger proved fruitless. As a result, negotiations with Country
Wide Foods, Inc. were terminated during this fiscal quarter due to
the inability of the two parties to agree on several fundamental
matters.

Management of Issuer is convinced that there is no possibility of
restarting the merger negotiations. It will therefore continue its
quest for a viable merger partner for Issuer.

CERTIFICATIONS PURSUANT TO
SECTION 302 OF
THE SARBANES-OXLEY ACT OF 2002
CERTIFICATION

I, Floyd D. Wilkenson, certify that:
1. I have reviewed this quarterly report on Form 10-QSB of Strategic
   Alliance Group, Inc.;
2. Based on my knowledge, this quarterly report does not contain
   any untrue statement of a material fact or omit to state a material
   fact necessary to make the statements made, in light of the
   circumstances under which such statements were made, not misleading
   with respect to the period covered by this quarterly report;
3. Based on my knowledge, the financial statements, and other
   financial information included in this quarterly report, fairly
   present in all material respects the financial condition, results
   of operations and cash flows of the registrant as of, and for, the
   periods presented in this quarterly report;
4. I, being the sole director and officer are responsible for
   establishing and maintaining disclosure controls and procedures
   (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
   registrant and I have:
a) designed such disclosure controls and procedures to ensure that
   material information relating to the registrant, including its
   consolidated subsidiaries, is made known to me by others within
   those entities, particularly during the period in which this
   quarterly report is being prepared;
b) evaluated the effectiveness of the registrant's disclosure
   controls and procedures as of a date within 90 days prior to the
   filing date of this quarterly report (the "Evaluation Date"); and
c) presented in this quarterly report my conclusions about the
   effectiveness of the disclosure controls and procedures based on
   our evaluation as of the Evaluation Date;
5. I, being the sole director and officer have disclosed, based on
   the most recent evaluation, to the registrant's auditors and the
   audit committee of registrant's board of directors (or persons
   performing the equivalent function):
a) all significant deficiencies in the design or operation of
   internal controls which could adversely affect the registrant's
   ability to record, process, summarize and report financial data
   and have identified for the registrant's auditors any material
   weaknesses in internal controls; and
b) any fraud, whether or not material, that involves management
   or other employees who have a significant role in the registrant's
   internal controls; and
6. I, being the sole director and officer have indicated in this
   quarterly report whether or not there were significant changes
   in internal controls or in other factors that could significantly
   affect internal controls subsequent to the date of our most
   recent evaluation, including any corrective actions with regard
   to significant deficiencies and material weaknesses.

Date: June 30, 2004
/s/ Floyd D. Wilkenson
Floyd D. Wilkenson
Chief Executive Officer/Sole Director

CERTIFICATION
I, Floyd D. Wilkenson, certify that:
1. I have reviewed this quarterly report on Form 10-QSB of
   Strategic Alliance Group, Inc.;
2. Based on my knowledge, this quarterly report does not contain any
   untrue statement of a material fact or omit to state a material
   fact necessary to make the statements made, in light of the
   circumstances under which such statements were made, not
   misleading with respect to the period covered by this quarterly
   report;
3. Based on my knowledge, the financial statements, and other
   financial information included in this quarterly report,
   fairly present in all material respects the financial condition,
   results of operations and cash flows of the registrant as of, and
   for, the periods presented in this quarterly report;
4. I, being the sole director and officer are responsible for
   establishing and maintaining disclosure controls and procedures
   (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
   registrant and I have:
a) designed such disclosure controls and procedures to ensure that
   material information relating to the registrant, including its
   consolidated subsidiaries, is made known to us by others within
   those entities, particularly during the period in which this
   quarterly report is being prepared;
b) evaluated the effectiveness of the registrant's disclosure
   controls and procedures as of a date within 90 days prior to
   the filing date of this quarterly report (the "Evaluation Date");
   and
c) presented in this quarterly report our conclusions about the
   effectiveness of the disclosure controls and procedures based
   on our evaluation as of the Evaluation Date;
5. The registrant's other certifying officers and I have disclosed,
   based on our most recent evaluation, to the registrant's auditors
   and the audit committee of registrant's board of directors (or
   persons performing the equivalent function):
a) all significant deficiencies in the design or operation of
   internal controls which could adversely affect the registrant's
   ability to record, process, summarize and report financial data
   and have identified for the registrant's auditors any material
   weaknesses in internal controls; and
b) any fraud, whether or not material, that involves management or
   other employees who have a significant role in the registrant's
   internal controls; and
6. I, being the sole director and officer have indicated in this
   quarterly report whether or not there were significant changes
   in internal controls or in other factors that could significantly
   affect internal controls subsequent to the date of my most recent
   evaluation, including any corrective actions with regard to
   significant deficiencies and material weaknesses.

Date: June 30, 2004
/s/ Floyd D. Wilkenson
Floyd D. Wilkenson
Sole Director