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

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|                                                        |   |                         |   |                        |   |
|-------------------------------------------------------------|--------|------------------------------|--------|-----------------------------|--------|
|                                                        |   | September                30, |   | December                31, |   |
|                                                        |   | 2007                         |   | 2006                        |   |
|                                                        |   | (Unaudited)                  |   |                        |   |
| Current                Assets                               |   |                         |   |                        |   |
|   Cash                                            |   | $                            | 0      |                        | $      | 0 |   |
|                                                        |   |                         |   |                        |   |   |   |
|     Total                Current Assets |   | $                            | 0      |                        | $      | 0 |   |
|                                                        |   |                         |   |                        |   |   |   |
|                                                        |   |                         |   |                        |   |   |   |
|                                                        |   |                         |   |                        |   |   |   |
|                                                        |   |                         |   |                        |   |   |   |
|                                                        |   |                         |   |                        |   |   |   |

| LIABILITIES                AND STOCKHOLDERS' EQUITY                                                                                        |   |
|--------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                       |   |   |   |   |   |
|                                                                                                                                       |   | September                30, |   | December                31, |   |
|                                                                                                                                       |   | 2007 |   | 2006 |   |
|                                                                                                                                       |   | (Unaudited) |   |   |   |
| Current                Liabilities                                                                                                         |   |   |   |   |   |
|   Accounts                Payable                                                                                                |   | $ | 12,715 |   | $ | 13,297 |   |
|   Accrued                Expenses                                                                                                |   |   | 258,995 |   |   | 198,995 |   |
|   Notes                Payable - Related Party                                                                                   |   |   | 267,778 |   |   | 262,778 |   |
|                                                                                                                                       |   |   |   |   |   |   |   |
|     Total                Current Liabilities                                                                           |   |   | 539,488 |   |   | 475,070 |   |
|                                                                                                                                       |   |   |   |   |   |   |   |
| Stockholders'                Equity                                                                                                        |   |   |   |   |   |   |   |
|   Common                Stock, Authorized 200,000,000 Shares, $.0001Par Value, Issued and                Outstanding 199,250,000 |   |   |   |   |   |   |   |
|                                                                                                                                       |   |   | 19,925 |   |   | 19,925 |   |
|   Additional                Paid in Capital                                                                                      |   |   | 1,305,380 |   |   | 1,305,380 |   |
|   Retained                Earnings (Deficit)                                                                                     |   |   | (1,864,793 | ) |   | (1,800,376 | ) |
|                                                                                                                                       |   |   |   |   |   |   |   |
| Total                Stockholders' Equity                                                                                                  |   |   | (539,488 | ) |   | (475,070 | ) |
|                                                                                                                                       |   |   |   |   |   |   |   |
| 1    Total                Liabilities and Stockholders' Equity                                                         |   | $ | 0 |   | $ | 0 |   |

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|                                                                                                         |   | For                the Three Months Ended |        | For                the Nine Months Ended |   |
|--------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|-------------|------------------------------------------|--------|
|                                                                                                         |   | September                30,              |        | September                30,             |   |
|                                                                                                         |   | 2007                                      |        | 2006                                     |   | 2007 |   | 2006 |   |
|                                                                                                         |   |                                      |        |                                     |   |   |   |   |   |
| Revenues                                                                                                     |   | $                                         | -           |                                     | $      | - |   | $ | - |   | $ | - |   |
|                                                                                                         |   |                                      |        |                                     |   |   |   |   |   |   |   |   |   |
| Cost                of Sales                                                                                 |   |                                      | -           |                                     |   | - |   |   | - |   |   | - |   |
|                                                                                                         |   |                                      |        |                                     |   |   |   |   |   |   |   |   |   |
| Gross                Profit (Loss)                                                                           |   |                                      | -           |                                     |   | - |   |   | - |   |   | - |   |
|                                                                                                         |   |                                      |        |                                     |   |   |   |   |   |   |   |   |   |
| Operating                Expenses                                                                            |   |                                      |        |                                     |   |   |   |   |   |   |   |   |   |
|     General                & Administrative                                          |   |                                      | 60,358      |                                     |   | 59,210 |   |   | 64,417 |   |   | 199,811 |   |
|                                                                                                         |   |                                      |        |                                     |   |   |   |   |   |   |   |   |   |
|     Total                Operating Expenses                                              |   |                                      | 60,358      |                                     |   | 59,210 |   |   | 64,417 |   |   | 199,811 |   |
|                                                                                                         |   |                                      |        |                                     |   |   |   |   |   |   |   |   |   |
| Net                Operating Income (Loss) from continuing Operations                                        |   |                                      | (60,358     | )                                        |   | (59,210 | ) |   | (64,417 | ) |   | (199,811 | ) |
|                                                                                                         |   |                                      |        |                                     |   |   |   |   |   |   |   |   |   |
|   Other                Income (Expense)                                                            |   |                                      | -           |                                     |   | - |   |   | - |   |   | - |   |
|                   Interest Income                                                                  |   |                                      | -           |                                     |   | - |   |   | - |   |   | - |   |
|                   Interest Expense                                                                 |   |                                      | -           |                                     |   | - |   |   | - |   |   | - |   |
|   Loss                before provision for income taxes and discontinued                operations |   |                                      | (60,358     | )                                        |   | (59,210 | ) |   | (64,417 | ) |   | (199,811 | ) |
|     Provision                for Income Taxes                                            |   |                                      | -           |                                     |   | - |   |   | - |   |   | - |   |
|                                                                                                         |   |                                      |        |                                     |   |   |   |   |   |   |   |   |   |
| Loss                from continuing operations before discontinued operations                                |   |                                      | (60,358     | )                                        |   | (59,210 | ) |   | (64,417 | ) |   | (199,811 | ) |
| Gain                (Loss) on disposal of Discontinued operations (net of                taxes)              |   |                                      | -           |                                     |   | - |   |   | - |   |   | - |   |
|                                                                                                         |   |                                      |        |                                     |   |   |   |   |   |   |   |   |   |
| Net                Income (Loss)                                                                             |   |                                      | (60,358     | )                                        |   | (59,210 | ) |   | (64,417 | ) |   | (199,811 | ) |
|                                                                                                         |   |                                      |        |                                     |   |   |   |   |   |   |   |   |   |
| Net                Income (Loss) Per share for continuing operations                                         |   | $                                         | (0.00       | )                                        | $      | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) |
|                                                                                                         |   |                                      |        |                                     |   |   |   |   |   |   |   |   |   |
| Net                Income (Loss) Per Share for discontinued operations                                       |   | $                                         | (0.00       | )                                        | $      | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) |
|                                                                                                         |   |                                      |        |                                     |   |   |   |   |   |   |   |   |   |
| Weighted                Average Shares Outstanding                                                           |   |                                      | 199,250,000 |                                     |   | 199,250,000 |   |   | 199,250,000 |   |   | 199,250,000 |   |

----

|                                                                                                      |   | For                the nine months ended |               |
|-----------------------------------------------------------------------------------------------------------|--------|------------------------------------------|--------------------|
|                                                                                                      |   | September                30,             |               |
|                                                                                                      |   |                                     |               |   |   |
|                                                                                                      |   | 2007                                     |               | 2006 |   |
|                                                                                                      |   |                                     |               |   |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES:                                                      |   |                                     |               |   |   |   |   |
|                                                                                                      |   |                                     |               |   |   |   |   |
|   Net                Income (Loss)                                                              |   | $                                        | (64,417            | ) | $ | (199,811 | ) |
|   Adjustments                to Reconcile Net Loss to Net Cash                                  |   |                                     |               |   |   |   |   |
|     Provided                by Operations:                                            |   |                                     |               |   |   |   |   |
|                     Increase (Decrease) in Notes Payable                              |   |                                     | 5,000              |   |   | 261,192 |   |
|     Loss                (Gain) on sale of subsidiary                                  |   |                                     | -                  |   |   | - |   |
|   Change                in Assets and Liabilities                                               |   |                                     |               |   |   |   |   |
|                     Increase (Decrease) in Accounts Payable/ Accrued Expenses         |   |                                     | (64,417            | ) |   | (63,811 | ) |
|                                                                                                      |   |                                     |               |   |   |   |   |
|   Net                Cash Provided(Used) by Operating Activities                                |   |                                     | 0                  |   |   | (2,430 | ) |
|                                                                                                      |   |                                     |               |   |   |   |   |
| CASH                FLOWS FROM INVESTING ACTIVITIES:                                                      |   |                                     |               |   |   |   |   |
|   Proceeds                from sale of subsidiary                                               |   |                                     | -                  |   |   |  |   |
|   Cash                Balance transferred in sale                                               |   |                                     | -                  |   |   |  |   |
|                                                                                                      |   |                                     |               |   |   |   |   |
|   Net                Cash Provided (Used) by Investing Activities                               |   |                                     |          |   |   |   |   |
|                                                                                                      |   |                                     |               |   |   |   |   |
|   Net                Cash Provided (Used) by Discontinuing Operations                           |   |                                     |          |   |   |                    |   |
|                                                                                                      |   |                                     |               |   |   |   |   |
|                                                                                                      |   |                                     |     |   |   |    |   |
|                                                                                                      |   |                                     |               |   |   |   |   |
| NET                INCREASE (DECREASE) IN CASH AND EQUIVALENTS                                            |   |                                     | 0                  |   |   | (2,430 | ) |
|                                                                                                      |   |                                     |               |   |   |   |   |
| CASH                AND EQUIVALENTS AT BEGINNING OF PERIOD                                                |   |                                     | 0                  |   |   | 2,530 |   |
|                                                                                                      |   |                                     |               |   |   |   |   |
| CASH                AND CASH EQUIVALENTS AT END OF PERIOD                                                 |   | $                                        | 0                  |   | $ | 100 |   |
|                                                                                                      |   |                                     |               |   |   |   |   |
| The                accompanying notes are an integral part of theses financial                statements. |

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|                                                                                                         |   | For                  the nine months endedSeptember                  30, |         |
|--------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|--------------|
|                                                                                                         |   | 2007                                                                     |         | 2006 |   |
| Cash                  Paid For:                                                                              |   |                                                                     |         |   |   |   |   |
| Interest                                                                                                     |   |                                                                     |         |   |   |    |   |
| Taxes                                                                                                        |   | $                                                                        | -            |   | $ | - |   |
|                                                                                                         |   |                                                                     |         |   |   |   |   |
| Non-Cash                  Activities:                                                                        |   |                                                                     |         |   |   |   |   |
| Shares                  Issued for Services                                                                  |   |                                                                     | -            |   |   |   |   |
| Note                  issued in exchange for payables                                                        |   | $                                                                        |    |   | $ | $                  261,192 |   |
|                                                                                                         |
|                                                                                                         |
| 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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|   | 31.1 | Certification                of Principal Executive Officer - - Rule 13a-14(a)                Certification |
|--------|------|-------------------------------------------------------------------------------------------------------------|

|   | 31.2 | 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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