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, 2003

  [  ]  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 December 31, 2003,

          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)
          Three Months ended December 31, 2003



  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 December 31, 2003, and the related statement of
  operations for the three months then ended, and the statement of
  cash flows for the three 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
  January 25, 2004




                      STRATEGIC ALLIANCE GROUP, INC.
                               BALANCE SHEET
                   Three Months ended December 31, 2003
                               (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
                     Three Months ended December 31, 2003
                                 (Unaudited)


192:
  REVENUE                                            $      0
194:

  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
                 Three Months ended December 31, 2003
                             (Unaudited)

                 Pref    Pref   Common Common  Additional
                 Stock   Stock  Stock  Stock   Paid        Accum
                 Shares  Amount Shares Amount  In Capital  Deficit Tot


  Exchange of
  Preferred for
  Common Shares

  Issuance of
  Common Shares
  For Long Term
  Debts

  Additional Paid
  In Capital                                      (47,500,000)
  Net loss
253:
  Balance 12/31/03  0    0  1,900,000 $47,500,000 (47,500,000)     0
255:
256:
257:
     See accompanying notes to financial statements



                STATEMENT OF CASH FLOWS
          Three Months ended December 31, 2003
                     (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
306:
  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
                  Three Months ended December 31, 2003


  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 December 31, 2003, 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 December 31, 2003, 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 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: December 31, 2003

  /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: December 31, 2003
  /s/ Floyd D. Wilkenson
  Floyd D. Wilkenson
  Sole Director