| FLORIDA                                                                         | 11-3331350                                            |
|---------------------------------------------------------------------------------|-------------------------------------------------------|
| (State                  or other jurisdiction of incorporation or organization) | (I.R.S.                  Employer Identification No.) |

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| UniverCell                    Holdings, Inc.      |   |
|---------------------------------------------------|--------|
| Consolidated                    Balance Sheets    |   |
|                                              |   |   |   |   |   |
| ASSETS                                            |   |
|                                              |   |   |   |   |   |
|                                              |   | September                    30, |   | December                    31, |   |
|                                              |   | 2005 |   | 2004 |   |
|                                              |   | (Unaudited) |   |   |   |
| Current                    Assets                 |   |   |   |   |   |
| Cash                                              |   | $ | 6,381 |   | $ | 14,077 |   |
| Accounts                    Receivable            |   |   |   |   |   | 31,048 |   |
|                                              |   |   |   |   |   |   |   |
| Total                    Current Assets           |   |   | 6,381 |   |   | 45,125 |   |
|                                              |   |   |   |   |   |   |   |
| Property                    & Equipment (Net) |   |   | - |   |   | 9,799 |   |
|                                              |   |   |   |   |   |   |   |
| Total                    Other Assets             |   |   | - |   |   | 9,799 |   |
|                                              |   |   |   |   |   |   |   |
| Total                    Assets                   |   | $ | 6,381 |   | $ | 54,924 |   |
|                                              |   |   |   |   |   |   |   |

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|                                                                                                          |   |                             |       |                            |   |
|---------------------------------------------------------------------------------------------------------------|--------|----------------------------------|------------|---------------------------------|--------|
|                                                                                                          |   | September                    30, |       | December                    31, |   |
|                                                                                                          |   | 2005                             |       | 2004                            |   |
|                                                                                                          |   | (Unaudited)                      |       |                            |   |
| Current                    Liabilities                                                                        |   |                             |       |                            |   |
| Accounts                    Payable                                                                           |   | $                                | 21,349     |                            | $      | 403,565 |   |
| Accrued                    Expenses                                                                           |   |                             | 132,664    |                            |   | 37,904 |   |
|                                                                                                          |   |                             |       |                            |   |   |   |
| Total                    Current Liabilities                                                                  |   |                             | 154,013    |                            |   | 441,469 |   |
|                                                                                                          |   |                             |       |                            |   |   |   |
| Stockholders'                    Equity                                                                       |   |                             |       |                            |   |   |   |
| Common                    Stock, Authorized 200,000,000 Shares, $.0001 Par Value,                             |   |                             |       |                            |   |   |   |
| Issued                    and Outstanding 199,250,000 and 119,793,894 Shares,                    Respectively |   |                             | 19,925     |                            |   | 11,979 |   |
| Additional                    Paid in Capital                                                                 |   |                             | 1,247,664  |                            |   | 1,170,326 |   |
| Retained                    Earnings (Deficit)                                                                |   |                             | (1,415,221 | )                               |   | (1,568,850 | ) |
|                                                                                                          |   |                             |       |                            |   |   |   |
| Total                    Stockholders' Equity                                                                 |   |                             | (147,632   | )                               |   | (386,545 | ) |
|                                                                                                          |   |                             |       |                            |   |   |   |
| Total                    Liabilities and Stockholders' Equity                                                 |   | $                                | 6,381      |                            | $      | 54,924 |   |

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|                                                                         |   |
|------------------------------------------------------------------------------|--------|
|                                                                         |   | For                    the Three Months Ended |   | For                    the Nine Months Ended |   |
|                                                                         |   | September                    30, |   | September                    30, |   |
|                                                                         |   | 2005 |   | 2004 |   | 2005 |   | 2004 |   |
|                                                                         |   |   |   |   |   |   |   |   |   |
|                                                                         |   |   |   |   |   |   |   |   |   |
| Revenues                                                                     |   | $ | - |   | $ | - |   | $ | - |   | $ | - |   |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost                    of Sales                                             |   |   | - |   |   | - |   |   | - |   |   | - |   |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross                    Profit (Loss)                                       |   |   | - |   |   | - |   |   | - |   |   | - |   |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating                    Expenses                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| General                    & Administrative                              |   |   | 65,821 |   |   | 80,940 |   |   | 223,106 |   |   | 302,291 |   |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                    Operating Expenses                                  |   |   | 65,821 |   |   | 80,940 |   |   | 223,106 |   |   | 302,291 |   |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    Operating Income (Loss) from continuingOperations     |   |   | (65,821 | ) |   | (80,940 | ) |   | (223,106 | ) |   | (302,291 | ) |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                    Income (Expense)                                    |   |   | - |   |   | - |   |   | - |   |   | - |   |
| Interest                    Income                                           |   |   |   |   |   | 246 |   |   | 30 |   |   | 540 |   |
| Interest                    Expense                                          |   |   | - |   |   |   |   |   | - |   |   | (91,503 | ) |
| Gain                    (Loss) on disposal (sale) of discontinued operations |   |   | - |   |   | 30,147 |   |   | 376,705 |   |   | 30,147 |   |
| Total                    Other Income (Expense)                              |   |   | - |   |   | 30,393 |   |   | 376,735 |   |   | (60,816 | ) |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    Income (Loss)                                         |   | $ | (65,821 | ) | $ | (50,547 | ) | $ | 153,629 |   | $ | (363,107 | ) |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    Income (Loss) Per Share                               |   | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted                    Average Shares Outstanding                       |   |   | 199,250,000 |   |   | 159,521,947 |   |   | 199,250,000 |   |   | 121,997,689 |   |

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|                                                                         |   |                                         |                                 |   |   |
|------------------------------------------------------------------------------|--------|----------------------------------------------|--------------------------------------|--------|--------|
|                                                                         |   | For                    the nine months ended |                                 |
|                                                                         |   | September                    30,             |                                 |
|                                                                         |   |                                         |                                 |   |   |
|                                                                         |   | 2005                                         |                                 | 2004   |   |
|                                                                         |   |                                         |                                 |   |   |
| CASH                    FLOWS FROM OPERATING ACTIVITIES:                     |   |                                         |                                 |   |   |
|                                                                         |   |                                         |                                 |   |   |
| Net                    Income (Loss)                                         |   | $                                            | 153,629                              |   | $      | (363,107 | ) |
| Adjustments                    to Reconcile Net Loss to Net Cash             |   |                                         |                                 |   |   |   |   |
| Provided                    by Operations:                                   |   |                                         |                                 |   |   |   |   |
| Depreciation                                                                 |   |                                         | -                                    |   |   | - |   |
| Amortization                                                                 |   |                                         | -                                    |   |   |  |   |
| Bad                    Debt Expense                                          |   |                                         | -                                    |   |   | - |   |
| Loss                    (Gain) on sale of subsidiary                         |   |                                         | (376,705                             | )      |   | - |   |
| Change                    in Assets and Liabilities                          |   |                                         |                                 |   |   |   |   |
| (Increase)                    Decrease in Accounts Receivable                |   |                                         | -                                    |   |   |  |   |
| (Increase)                    Decrease in Other Current Assets               |   |                                         | -                                    |   |   | - |   |
| Increase                    (Decrease) in Deposits and Prepaids              |   |                                         | -                                    |   |   |   |   |
| Increase                    (Decrease) in Accounts Payable/ Accrued Expenses |   |                                         | 201,273                              |   |   |    |   |
|                                                                         |   |                                         |                                 |   |   |   |   |
| Net                    Cash Provided(Used) by Operating Activities           |   |                                         | (21,803                              | )      |   | - |   |
|                                                                         |   |                                         |                                 |   |   |   |   |
| CASH                    FLOWS FROM INVESTING ACTIVITIES:                     |   |                                         |                                 |   |   |   |   |
| Proceeds                    from sale of subsidiary                          |   |                                         | 20,000                               |   |   |   |   |
| Cash                    Balance transferred in sale                          |   |                                         | (5,893                               | )      |   |   |   |
| Purchases                    of Property and Equipment                       |   |                                         | -                                    |   |   |                       |   |
|                                                                         |   |                                         |                                 |   |   |   |   |
| Net                    Cash Provided (Used) by Investing Activities          |   |                                         | 14,107                               |   |   |     |   |
|                                                                         |   |                                         |                                 |   |   |   |   |
| Net                    Cash Provided (Used) by Discontinuing Operations      |   |                                         |                                 |   |   | (377,199 | ) |
|                                                                         |   |                                         |                                 |   |   |   |   |
|                                                                         |   |                                         |                       |   |   |                       |   |
|                                                                         |   |                                         |                                 |   |   |   |   |
| NET                    INCREASE (DECREASE) IN CASH AND EQUIVALENTS           |   |                                         | (7,696                               | )      |   | (377,199 | ) |
|                                                                         |   |                                         |                                 |   |   |   |   |
| CASH                    AND EQUIVALENTS AT BEGINNING OF PERIOD               |   |                                         | 14,077                               |   |   | 447,989 |   |
|                                                                         |   |                                         |                                 |   |   |   |   |
| CASH                    AND CASH EQUIVALENTS AT END OF PERIOD                |   | $                                            | 6,381                                |   | $      | 70,790 |   |
|                                                                         |   |                                         |                                 |   |   |   |   |

| The                    accompanying notes are an integral part of theses financial                    statements. |
|-------------------------------------------------------------------------------------------------------------------|
|                                                                                                              |

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|                                                                               |   |
|------------------------------------------------------------------------------------|--------|
|                                                                               |   |
|                                                                               |   |    |   |   |   |
|                                                                               |   |  For                    the nine months ended |   |
|                                                                               |   |  September                    30, |   |
|                                                                               |   |    |   |   |   |
|                                                                               |   |  2005 |   | 2004 |   |
| Cash                    Paid For:                                                  |   |    |   |   |   |
| Interest                                                                           |   |   |   |   |   |
| Taxes                                                                              |   | $ | - |   | $ | - |   |
|                                                                               |   |   |   |   |   |   |   |
| Non-Cash                    Activities:                                            |   |   |   |   |   |   |   |
| Shares                    Issued for Services                                      |   |   | - |   |   |     |   |
| Shares                    Issued for Conversion of Debentures and Accrued Interest |   |   |                           |   | $ | 252,933 |   |
|                                                                               |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |
|                                                                               |   |   |   |   |   |   |   |

| The                    accompanying notes are an integral part of these financial                    statements. |
|------------------------------------------------------------------------------------------------------------------|

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| ·   | general                  economic and business conditions; |
|--------------------|------------------------------------------------------------|

| ·   | our                  ability to implement our business                  strategy; |
|--------------------|-----------------------------------------------------------------------------------|

| ·   | our                  access to financing; |
|--------------------|-------------------------------------------|

| ·   | our                  ability to successfully identify new business                  opportunities; |
|--------------------|----------------------------------------------------------------------------------------------------|

| ·   | our                  ability to attract and retain key                  executives; |
|--------------------|-------------------------------------------------------------------------------------|

| ·   | the                  effect of regulatory and legal                  restrictions. |
|--------------------|------------------------------------------------------------------------------------|

** **

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|   | 31.1a | Certification                  of Principal Executive Officer - - Rule 13a-14(a)                  Certification |
|--------|-------|-----------------------------------------------------------------------------------------------------------------|

|   | 31.1b | Certification                        of Principal Financial Officer - Rule 13a-14(a)                        Certification |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification                  of Principal Executive Officer and Principal Financial Officer                  -                  Sarbanes-Oxley Act Section 906 Certification |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | UNIVERCELL                  HOLDINGS, INC.    By:                  /S/ SEAN Y. FULDASean                  Y. FuldaChief                  Executive Officer and PresidentChief                  Financial Officer |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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