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 March 31, 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.)

                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 [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 March 31, 2004,

          Common capital stock   1,900,000 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)
             Six Months ended March 31, 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 March 31, 2004, and the related
  statement of operations for the six months then ended, and the
  statement of cash flows for the six 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
  May 2, 2004



                 STRATEGIC ALLIANCE GROUP, INC.
                         BALANCE SHEET
               Six Months ended March 31, 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,
      1,900,000 shares issued and outstanding     47,500,000


              Additional paid-in capital         (47,500,000)



  Total Liabilities and Stockholders Equity  $             0




  See accompanying notes to financial statements



                       STRATEGIC ALLIANCE GROUP, INC.
                          STATEMENT OF OPERATIONS
                       Six Months ended March 31, 2004
                               (Unaudited)


178:
  REVENUE                                    $      0
180:

  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                                    1,900,000



  See accompanying notes to financial statements



                              STRATEGIC ALLIANCE GROUP, INC.
                     STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                             Six Months ended March 31, 2004
                                        (Unaudited)


             Preferred Preferred Common Common Additional
               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
                                                 (47,500,000)
  Net loss
241:
  Balance 3/31/04  0   0   1,900,000 $47,500,000 (47,500,000)      0
243:
244:
     See accompanying notes to financial statements


                   STRATEGIC ALLIANCE GROUP, INC.
                        STATEMENT OF CASH FLOWS
                   Six Months ended March 31, 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
293:
  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
                      Six Months ended March 31, 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 March 31, 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 March 31, 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, 900,000.

  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 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: March 31, 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: March 31, 2004.

  /s/ Floyd D. Wilkenson
  Floyd D. Wilkenson
  Sole Director