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 December 31, 2000
  [  ]  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.)

                3551 S.W. Corporate Parkway
                  Palm City, Florida 34990
          (Address of principal executive offices)

                       (561) 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 [   ] No [X]

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

  Check whither 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 March 31, 2000,

         Common capital stock - 356,249,977 shares
        Series A. Preferred Stock -  428,250 shares

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

               PART 1   FINANCIAL INFORMATION

  Item 1.   Financial Statements.

  STRATEGIC ALLIANCE GROUP, INC.
  AUDITED FINANCIAL STATEMENTS

  Years ended September 30, 2000 and 1999

  STRATEGIC ALLIANCE GROUP, INC.
  Table of Contents
  Report of Independent Accountant
  Financial Statements
       Balance Sheet
       Statement of Operations
       Statement of Changes in Stockholders' Deficit
       Statement of Cash Flow
       Notes to Financial Statements

  Aaron Stein
  CERTIFIED PUBLIC ACCOUNT
  981 ALLEN LANE
  P.O. BOX 406
  WOODMERE, NY 11598
  516-569-0520

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

  I have audited the accompanying balance sheet of Strategic
Alliance Group, Inc. as of September 30, 2000,
and the related statement of operations, changes in
stockholders' deficit and cash flows for each year
September 30, 2000 and 1999. These financial statements
are the responsibility of the Company's   management.
My responsibility is to express an opinion on these
financial statements based on my audit.
  I conducted my audit in accordance with generally
accepted auditing standards. Those standards require
that I plan and perform the audit to obtain reasonable
assurance about whether the financial statements are
free of material misstatement. An audit also includes
assessing the accounting principles used and
significant estimates made by management, as well as
evaluating the overall financial statement
presentation. I believe that my audit provides a
reasonable basis for my opinion.
  In my opinion, the financial statements referred
to above present fairly, in all material respects, the
financial position of Eutro Strategic Alliance Group, Inc.
as of September 30, 2000 and the results of its
operations and its cash flows for the two years ended
September 30, 2000 and 1999 in conformity with
generally accepted accounting principles.
  The accompanying financial statements have been
prepared assuming that the Company will continue as
a going concern. As discussed in Note 2 to the financial
statements, the Company, has a very limited
operating history, has a shareholder and working
capital deficiency and has suffered recurring
losses since inception. The Company's lack of financial
resources and liquidity as of September 30, 2000 raises
substantial doubt about its ability to continue as a going
concern. Management's plans in regard to these
matters are described in Note 2. The financial statements
do not include any adjustments that might result
from the outcome of this uncertainty.

  Aaron Stein
  Woodmere, New York
  March 5, 2001

  STRATEGIC ALLIANCE GROUP, INC.
  BALANCE SHEET
  SEPTEMBER 30, 2000

  ASSETS

  CURRENT ASSETS
      Cash and cash equivalents     $        219



                                    $        219

  LIABILITIES AND STOCKHOLDERS'
  DEFICIT

  CURRENT LIABILITIES
      Preferred dividends           $    102,942


  STOCKHOLDERS' DEFICIT
      Common stock, $.10 par value,
      authorized 500,000,000 shares,
      356,249,977 issued and
      outstanding                    35,624,998

      Preferred stock, $.10 par value,
      authorized 5,000,000 shares
      428,928 issued and outstanding     42,893

  Additional paid-in capital        (23,226,413)

  Accumulated deficit               (12,544,201)

                                  $    (102,723)

                                  $         219




  See accompanying notes to financial statements



  STRATEGIC ALLIANCE GROUP, INC.
  STATEMENT OF OPERATIONS


  REVENUE                   $      -       $         -


  GENERAL AND ADMINISTRATIVE
  EXPENSES                         -           764,306


  OPERATING LOSS                   -          (764,306)


  OTHER INCOME (EXPENSES)
   Gain on sale of fixed assets    -             2,544
   Interest expense                -              (679)

             Total                 -             1,865


  LOSS BEFORE PROVISION FOR INCOME
   TAXES                           -          (762,441)


  INCOME TAXES                     -                 -

  NET LOSS                 $       -      $   (762,441)



  LOSS PER SHARE
   Basic                        nil       $     (0.0030)

  AVERAGE NUMBER OF COMMON SHARES
  OUTSTANDING
   Basic                     356,249,977    223,867,264



  See accompanying notes to financial statements




STRATEGIC ALLIANCE GROUP, INC.
  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

  Balance, 9/30/98
      Preferred Stock   Shares:    428,928
      Preferred Stock   Amount:    $42,893
      Common Stock   Shares:       100,793,040
      Common Stock   Amount:       $10,079,304
      Additional Paid-In Capital:  $(872,551)
      Accumulated Deficit:         $(11,781,706)
      Total:                       $(2,532,114)

  Issuance of Common Stock
      Preferred Stock   Shares:    0
      Preferred Stock   Amount:    0
      Common Stock   Shares:       49,900,000
      Common Stock   Amount:       $4,990,000
      Additional Paid-In Capital:  $(4,729,009)
      Accumulated Deficit:         0
      Total:                       $260,991

  Issuance of Common Stock for
  Services Rendered and Settlement
  of other Long-Term Liabilities
      Preferred Stock   Shares:    0
      Preferred Stock   Amount:    0
      Common Stock   Shares:       205,556,937
      Common Stock   Amount:       $20,555,694
      Additional Paid-In Capital:  $(17,590,539)
      Accumulated Deficit:         0
      Total:                       $2,965,155

  Cash Dividend Declared
      Preferred Stock   Shares:    0
      Preferred Stock   Amount:    0
      Common Stock   Shares:       0
      Common Stock   Amount:       0
      Additional Paid-In Capital:  0
      Accumulated Deficit:         $(34,314)
      Total:                       $(34,314)

  Net Loss
      Preferred Stock   Shares:    0
      Preferred Stock   Amount:    0
      Common Stock   Shares:       0
      Common Stock   Amount:       0
      Additional Paid-In Capital:  0
      Accumulated Deficit:         $(762,441)
      Total:                       $(762,441)

  Balance, 9/30/99
      Preferred Stock   Shares:    428,928
      Preferred Stock   Amount:    $42,893
      Common Stock   Shares:       356,249,977
      Common Stock   Amount:       $35,624,998
      Additional Paid-In Capital:  $(23,192,099)
      Accumulated Deficit:         $(12,578,515)
      Total:                       $(102,723)

  Net Loss
      Preferred Stock   Shares:    0
      Preferred Stock   Amount:    0
      Common Stock   Shares:       0
      Common Stock   Amount:       0
      Additional Paid-In Capital:  0
      Accumulated Deficit:         0
      Total:                       0

  Balance, 9/30/00
      Preferred Stock   Shares:    428,928
      Preferred Stock   Amount:    $42,893
      Common Stock   Shares:       356,249,977
      Common Stock   Amount:       $35,624,998
      Additional Paid-In Capital:  $(23,192,099)
      Accumulated Deficit:         $(12,578,515)
      Total:                       $(102,723)
290:
291:
292:
  See accompanying notes to financial statements


296:
  STRATEGIC ALLIANCE GROUP, INC.
  STATEMENT OF CASH FLOWS

                               Years ended September 30,
                                   2000          1999

  CASH FLOWS FROM OPERATING
  ACTIVITIES

       Net loss                 $     -       $  (762,441)

       Adjustments to reconcile
       net loss to net cash used by
       operating activities:
            Gain on sale of
               fixed assets           -           (2,544)

            Issuance of common
               stock for services rendered
               and other long-term
                liabilities           -        2,954,530

       Changes in operating
       assets and liabilities:
            Accounts payable and
               accrued expenses       -         (129,581)

            Preferred dividends       -           34,314
            Other long term-liab      -       (2,342,131)
            Net cash used in operating
                          activities  -         (247,853)

  CASH FLOWS FROM INVESTING
  ACTIVITIES

       Proceeds from sale of furniture
              and equipment            -          10,770

  CASH FLOWS FROM FINANCING
  ACTIVITIES

       Proceeds from sale of
          common stock                 -         237,302

  NET INCREASE IN CASH AND CASH
  EQUIVALENTS                          -             219
343:
  CASH AND CASH EQUIVALENTS,
  Beginning                          219               0

  CASH AND CASH EQUIVALENTS,
  Ending                        $    219      $      219





  See accompanying notes to financial statements


  STRATEGIC ALLIANCE GROUP, INC.
  NOTES TO FINANCIAL STATEMENTS
  SEPTEMBER 30, 2000

  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.

  STRATEGIC ALLIANCE GROUP, INC.
  NOTES TO FINANCIAL STATEMENTS
  SEPTEMBER 30, 2000

       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
       The accompanying financial statements have been prepared
       assuming that the Company will continue as a going concern.
       The Company has a very limited operating history, has a
       shareholder and working capital deficiency and has
       had losses since inception. The Company's lack of
       financial resources and liquidity at September 30, 2000
       raises substantial doubt about its ability to continue
       as a going concern. The financial statements do not
       include any adjustments that might result from the
       outcome of this uncertainty. The Company has been
       dependent upon raising debt and equity funding to
       remain in existence as a going concern. Its continued
       existence is also dependent on equity funding.
       With respect to the Company's going concern
       considerations, on May 17, 1999, negotiations were
       concluded by which Strategic Alliance Group, Inc.
       would be acquired by Ivy Entertainment.Com, Inc. (Ivy)
       in a reverse merger.
       As consideration for this reverse merger, the Company
       will issue and exchange 8,575,000 shares of its common
       stock, after it has undergone a 250 for 1 reverse split.
       These shares are to be issued to the sole shareholder
       of Ivy, Mr. Richard Gladstone, in exchange for 1000
       shares of common stock of Ivy, which is the total
       amount of common stock issued and outstanding.
       The shares of the Company's common stock received
       by Mr. Gladstone pursuant to the reverse acquisition
       agreement will be restricted stock as defined in Rule
       144 of the Securities act.
       To effectuate the merger Ivy must represent to the
       Company that it has a minimum of $5,000,000 in
       tangible assets when the merger is completed.
       On August 10, 1999 the shareholders of the Company
       approved the reverse merger of the Company and Ivy.

  STRATEGIC ALLIANCE GROUP, INC.
  NOTES TO FINANCIAL STATEMENTS
  SEPTEMBER 30, 2000

       On February 9, 2001 Mr. Gladstone was notified
       that the Company invoked Article 10.1(b) Termination
       of the Agreement with Ivy due to Ivy's inability to
       comply with certain key provisions of the Agreement.
       The Company will continue to actively search for
       other suitable operating companies to effectuate
       a merger with.
  Note 3: Shareholders' Deficit
       During the year ended September 30, 1999 the
       Company issued 49,900,000 shares of common stock
       and received proceeds of $237,302.
       In exchange for services from non-employees and in
       settlement of long-term liabilities the Company
       issued 205,556,937 shares of common stock.

  Item 2.  Management's Discussion and Analysis or
  Plan of Operation.
  The following 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 substantial   doubt about Strategic Alliance Group, Inc.'s
  ability to continue as a going concern due to its ongoing
  illiquidity.
  It is highly unlikely that Strategic Alliance Group, Inc.
  can satisfy its cash requirements for   the next 12 months
  without resorting to raising additional funds through the sale
  of common stock or effecting a reverse merger.
  Strategic Alliance Group, Inc. plans no product
  research and development.
  During the period covered by the financial statements
  and the next 12 months of this   Plan, Strategic
  significantly changed the focus of its business activities
  from business   and financial consulting to the sale of the
  company to a more financially secure   organization that
  could make better use of its OTC Electronic Bulletin Board
  listing, in   other words, to become the target of a reverse
  merger.
  After a prolonged search and discussions with several possible
  merger partners,   Strategic management decided that the
  candidate offering the best solution to its   problems was
  the company IVY Entertainment.Com, Inc. In-depth discussion
  with Ivy management reinforced Strategic's conviction that
  this course of action was in the best   interest of its share
  holders.
  IVY Entairtainment.Com (IVY) was incorporated under Florida
  law on May 25, 1999. It is a development stage company
  that currently has no operations or business activities.
  It intends to expend its operations through acquisitions
  and by entering into distribution and marketing agreements
  with select companies having particular focus on the
  entertainment, hospitality,   financial and technology
  industries. IVY has entered into a letter of intent with
  Strategic Management Corp., a company that intends to be
  a one stop financial services firm catering to small business
  owners and individuals with a net worth of $500,000 or more.
  To enhance   its entertainment division, IVY has entered into
  a marketing agreement with Touch   Entertainment, Inc. to
  distribute its touch screens to night clubs and eateries
  throughout the   world. To enhance its technology division,
  IVY has entered into a distribution agreement   with Sense
  Technologies, Inc. to distribute its biometric (fingerprint)
  employee verification   and authentication system and with
  Global Communication Networks, Inc. to distribute its
  internet services and long distance telephone services.
  The offices of IVY Entertainment.Com are located at 2505
  Boca Raton Boulevard, Suite 1,   Boca Raton , Florida,
  33431. The telephone number is (561) 367 8565.
  IVY intends to create an active trading market for its
  common stock by engaging in a reverse   merger with a
  public shell. On May 17, 1999, IVY entered into a
  definitive stock-for-stock   exchange agreement
  with Strategic Alliance Group, Inc. Pursuant to such
  acquisition agreement; IVY shareholders will acquire a
  controlling interest of approximately 85% in Strategic.
  There are five obligations binding both parties to the
  reverse merger. First, present Strategic   shareholders
  must approve a 250 to 1 reverse stock split of Strategic
  common stock. Second,   Strategic must satisfy all its
  liabilities. Third, IVY is committed to having assets,
  measured in accordance with generally accepted accounting
  principles, valued at a minimum of   $5,000,000. Fourth, the
  closing of the reverse merger must take place on or before
  July 31, 1999, unless extended by the mutual consent of
  both parties. Fifth, the reverse merger is subject to
  satisfactory due diligence by both parties.
  IVY's authorized capital consists of 20,000,000
  shares of Common Stock, par value $.01 per share and
  10,000,000 shares of Preferred Stock par value $.01 per
  share. As of September 1, 1999, IVY has 1,000 shares
  of common stock issued and outstanding.
  Strategic has no permanent full time employees, there is
  no problem of significant changes or   reductions. No long
  term fixed contract exists with any temporary employment
  service.
                PART II   OTHER INFORMATION
  Item 1.  Legal Proceedings
     (a)    Pending legal proceedings
  On December 31, 2000, Strategic Alliance Group, Inc. had
  no pending legal proceedings   against it and its management
  was not aware of any that were awaiting filing.
     (b)    Pending governmental agency procedures
  On December 31, 2000, Strategic Alliance Group, Inc. had no
  pending governmental agency   procedures against it and its
  management was not aware of any that were awaiting
  submission by any governmental agency.
  Item 2.  Changes in Securities
     (a)    There have been no modifications in the
            instruments defining the rights of the
            holders of any class of registered securities.
     (b)    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.
  There are no legal restrictions on working capital or
  limitations upon the payment of dividends. The only
  restricting factors in either of these two items
  are a paucity of earnings.
  Item 3.  Defaults Upon Senior Securities.
  As indicated in Form 10-SB previously filed, the
  registrant is in default on the dividend payment on
  its Series A Preferred Stock. The amount of arrears is
  indicated in the financial statements contained in Part
  I of this report.
  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 the solicitation of proxies or
  otherwise.
  On August 10, 1999, the Registrant held a special
  meeting of its Board of Directors. In this meeting,
  the proxies that were solicited and received by
  August 9, 1999, were voted. The matters presented
  to the Board of Directors were the following:
     1.     To approve and adopt amended and restated
            Articles of Incorporation of Strategic
            Alliance Group, Inc. in the form attached to
            the Proxy Statement dated July 9, 1999.
     2.     To authorize and grant the Board of Directors
            to approve and ratify the removal of
            Article 9 of the original corporation
            (Bio-Analytic Laboratories, Inc. a Florida
            corporation) amended without stockholder approval
            in October, 1991, through reverse acquisition
            of Strategic Alliance Group, Inc.
     3.     To approve and authorize the Board of
            Directors, in its sole discretion, to proceed
            if it is deemed necessary, with a reverse
            stock split not to exceed I for 250 with cash
            in lieu of fractional shares.
     4.     To approve and grant the Board of Directors
            the authority to increase the authorized share
            capital to 100,000,000 shares, after the reverse
            split. This also shall occur if the Board of
            Directors shall deem it necessary.
     5.     To approve and grant the Board of Directors
            the authority to acquire Ivy Entertainment.Com,
            Inc. a Florida corporation, in consideration of
            8,575,000 shares of Strategic Alliance Group,
            Inc. new common stock for 100% of the capital
            stock of Ivy. The new Strategic shares shall be
            restricted shares under SEC Rule 144.
     6.     To approve the change of name of Eutro
            Group Holding, Inc. to Strategic Alliance Group,
            Inc.
   All the above were approved by the voting of proxies
   that were 64% in favor of adoption.
   Item 5.  Other Information.
    On May 9, 2000, Richard Gladstone and Howard
    Helfant submitted their resignations as
    directors and officers of Strategic Alliance
    Group, Inc. leaving Mark Colacurcio as the sole
    director and officer.


                                SIGNATURES
  In accordance with the requirements of the Exchange
  Act, the registrant caused this report to
  be signed on its behalf by the undersigned,
  thereunto duly authorized.


  STRATEGIC ALLIANCE GROUP, INC.
  By:    Mark Colacurcio
	________________

  Name:   Mark Colacurcio
  Title: Sole Director and President