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

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| UniverCell                  Holdings, Inc.(A                  Development Stage Company) |   |
|------------------------------------------------------------------------------------------|--------|
| Consolidated                  Balance Sheets                                             |   |
| (Unaudited)                                                                              |   |
| ASSETS                                                                                   |   |
|                                                                                     |   | March                  31, |   | December                  31, |   |
|                                                                                     |   | 2006 |   | 2005 |   |
|                                                                                     |   | (Unaudited) |   |   |   |
| Current                  Assets                                                          |   |   |   |   |   |   |   |
|     Cash                                                             |   | $ | 0 |   | $ | 2,530 |   |
|                                                                                     |   |   |   |   |   |   |   |
|         Total                  Current Assets    |   | $ | 0 |   | $ | 2,530 |   |
|                                                                                     |   |   |   |   |   |   |   |
|                                                                                     |   |   |   |   |   |   |   |

| LIABILITIES                  AND STOCKHOLDERS' EQUITY                                                                                                      |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                       |   |   |   |   |   |
|                                                                                                                                                       |   | March                  31, |   | December                  31, |   |
|                                                                                                                                                       |   | 2006 |   | 2005 |   |
|                                                                                                                                                       |   | (Unaudited) |   |   |   |
| Current                  Liabilities                                                                                                                       |   |   |   |   |   |   |   |
|     Accounts                  Payable                                                                                                  |   | $ | 6,926 |   | $ | 6,926 |   |
|     Accrued                  Expenses                                                                                                  |   |   | 9,476 |   |   | 202,620 |   |
|     Notes                  Payable - Related Party                                                                                     |   |   | 253,192 |   |   | - |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |
|         Total                  Current Liabilities                                                                 |   |   | 269,594 |   |   | 209,546 |   |
|                                                                                                                                                       |   |   |   |   |   |   |   |
| 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)                                                                                       |   |   | (1,594,899 | ) |   | (1,532,322 | ) |
|                                                                                                                                                       |   |   |   |   |   |   |   |
| Total                  Stockholders' Equity                                                                                                                |   |   | (269,594 | ) |   | (207,016 | ) |
|                                                                                                                                                       |   |   |   |   |   |   |   |
|         Total                  Liabilities and Stockholders' Equity                                                |   | $ | 0 |   | $ | 2,530 |   |

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| UniverCell                  Holdings, Inc.(A                  Development Stage Company) |   |
|------------------------------------------------------------------------------------------|--------|
| Consolidated                  Statements of Operations                                   |   |
| (Unaudited)                                                                              |   |
|                                                                                     |   |

|                                                                                                                         |   |   |                                        |   |   |        |   |
|------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------------------------------------------|--------|--------|-------------|--------|
|                                                                                                                         |   |   | For                  the Three Months Ended |   |
|                                                                                                                         |   |   | March                  31,             |   |
|                                                                                                                         |   |   | 2006                                   |   |   | 2005        |   |
| Revenues                                                                                                                     |   | $      | -                                           |   | $      | -           |   |
|                                                                                                                         |   |   |                                        |   |   |        |   |
| Cost                  of Sales                                                                                               |   |   | -                                           |   |   | -           |   |
|                                                                                                                         |   |   |                                        |   |   |        |   |
| Gross                  Profit (Loss)                                                                                         |   |   | -                                           |   |   | -           |   |
|                                                                                                                         |   |   |                                        |   |   |        |   |
| Operating                  Expenses                                                                                          |   |   |                                        |   |   |        |   |
|     General                  & Administrative                                                        |   |   | 62,577                                      |   |   | 83,299      |   |
|                                                                                                                         |   |   |                                        |   |   |        |   |
|         Total                  Operating Expenses                                    |   |   | 62,577                                      |   |   | 83,299      |   |
|                                                                                                                         |   |   |                                        |   |   |        |   |
| Net                  Operating Income (Loss) from continuingOperations                                                       |   |   | (62,577                                     | )      |   | (83,299     | )      |
|                                                                                                                         |   |   |                                        |   |   |        |   |
|     Other                  Income (Expense)                                                              |   |   | -                                           |   |   | -           |   |
|     Interest                  Income                                                                     |   |   |                                        |   |   | 30          |   |
|     Interest                  Expense                                                                    |   |   | -                                           |   |   |        |   |
|     Loss                  before provision for income taxes and discontinued                  operations |   |   | (62,577                                     | )      |   | (83,269     | )      |
|         Provision                  for                  Income Taxes                 |   |   | -                                           |   |   | -           |   |
|                                                                                                                         |   |   |                                        |   |   |        |   |
| Loss                  from continuing operations before discontinued operations                                              |   |   | (62,577                                     | )      |   | (83,269     | )      |
| Gain                  (Loss) on disposal of Discontinued operations (net of                  taxes)                          |   |   | -                                           |   |   | 376,705     |   |
| Total                  Loss from Discontinued Operations                                                                     |   |   | -                                           |   |   | 376,705     |   |
|                                                                                                                         |   |   |                                        |   |   |        |   |
| Net                  Income (Loss)                                                                                           |   |   | (62,577                                     | )      |   | 293,436     |   |
|                                                                                                                         |   |   |                                        |   |   |        |   |
| Net                  Income (Loss) Per share for continuing operations                                                       |   | $      | (0.00                                       | )      | $      | (0.00       | )      |
|                                                                                                                         |   |   |                                        |   |   |        |   |
| Net                  Income (Loss) Per Share for discontinued operations                                                     |   | $      | (0.00                                       | )      | $      | (0.00       | )      |
|                                                                                                                         |   |   |                                        |   |   |        |   |
| Weighted                  Average Shares Outstanding                                                                         |   |   | 199,250,000                                 |   |   | 199,250,000 |   |

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| UniverCell                  Holdings, Inc.(A                  Development Stage Company)                                   |   |
|----------------------------------------------------------------------------------------------------------------------------|--------|
| Consolidated                  Statements of Cash Flows                                                                     |   |
|  (Unaudited)                                                                                                          |   |
|                                                                                                                       |   |   |   |   |   |
|                                                                                                                       |   |   |   |   |   |
|                                                                                                                       |   | For                  the three months ended March                  31, |   |
|                                                                                                                       |   | 2006 |   | 2005 |   |
|                                                                                                                       |   |   |   |   |   |
| CASH                  FLOWS FROM OPERATING ACTIVITIES:                                                                     |   |   |   |   |   |
|                                                                                                                       |   |   |   |   |   |
|     Net                  Income (Loss)                                                                 |   | $ | (62,577 | ) | $ | 293,436 |   |
|     Adjustments                  to                  Reconcile Net Loss to Net Cash                    |   |   |   |   |   |   |   |
|         Provided                  by Operations:                                   |   |   |   |   |   |   |   |
|         Loss                  (Gain) on sale of subsidiary                         |   |   | - |   |   | (376,705 | ) |
|     Change                  in Assets and Liabilities                                                  |   |   |   |   |   |   |   |
|         Increase                  (Decrease) in Notes Payable                      |   |   | - |   |   |   |   |
|         Increase                  (Decrease) in Accounts Payable/ Accrued Expenses |   |   | 56,855 |   |   | 75,085 |   |
|                                                                                                                       |   |   |   |   |   |   |   |
| Net                  Cash Provided (Used) by Operating Activities                                                          |   |   | (5,721 | ) |   | (8,184 | ) |
|                                                                                                                       |   |   |   |   |   |   |   |
| CASH                  FLOWS FROM INVESTING ACTIVITIES:                                                                     |   |   |   |   |   |   |   |
|     Proceeds                  from                  sale of subsidiary                                 |   |   | - |   |   | 20,000 |   |
|     Cash                  Balance transferred in sale                                                  |   |   | - |   |   | (5,893 | ) |
|                                                                                                                       |   |   |   |   |   |   |   |
|     Net                  Cash Provided (Used) by Investing Activities                                  |   |   |   |   |   | 14,107 |   |
|                                                                                                   |   |   |   |   |   |   |   |
|     Net                  Cash Provided (Used) by Discontinuing Operations                              |   |   |   |   |   |   |   |
|                                                                                                                       |   |   |   |   |   |   |   |
|                                                                                                                       |   |   |   |   |   |   |   |
|                                                                                                                       |   |   |   |   |   |   |   |
| NET                  INCREASE (DECREASE) IN CASH AND EQUIVALENTS                                                           |   |   | (2,530 | ) |   | 5,923 |   |
|                                                                                                                       |   |   |   |   |   |   |   |
| CASH                  AND EQUIVALENTS AT BEGINNING OF PERIOD                                                               |   |   | 2,530 |   |   | 14,077 |   |
|                                                                                                                       |   |   |   |   |   |   |   |
| CASH                  AND CASH EQUIVALENTS AT END OF PERIOD                                                                |   | $ | 0 |   | $ | 20,000 |   |
|                                                                                                                       |   |   |   |   |   |   |   |
| The                  accompanying notes are an integral part of these financial                  statements.               |

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| UniverCell                  Holdings, Inc.(A                  Development Stage Company)                     |   |
|--------------------------------------------------------------------------------------------------------------|--------|
| Consolidated                  Statements of Cash Flows (Continued)                                           |   |
|                                                                                                         |   |    |   |   |   |
|                                                                                                         |   |    |   |   |   |
|                                                                                                         |   |  For                  the three months ended March                  31, |   |
|                                                                                                         |   |  2006 |   | 2005 |   |
| Cash                  Paid For:                                                                              |   |    |   |    |   |
|     Interest                                                                             |   |   |   |   |   |
|     Taxes                                                                                |   | $ | - |   | $ | - |   |
|                                                                                                         |   |   |   |   |   |   |   |
| Non-Cash                  Activities:                                                                        |   |   |   |   |   |   |   |
| Shares                  Issued for Services                                                                  |   |   | - |   |   | 85,284 |   |
| Note                  issued in exchange for payables                                                        |   | $ | 250,000 |   |   |   |   |
|                                                                                                         |   |   |   |   |   |   |   |
|                                                                                                         |   |   |   |   |   |   |   |
| 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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