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:  June 30, 2005

[ ]    Transition Report Under Section 13 or 15(d) of the Exchange Act.


                      Commission File Number:  333-102687


                         VISTA CONTINENTAL CORPORATION
       (Exact name of small business issuer as specified in its charter)



                   Delaware                               72-0510027
(State or other jurisdiction of incorporation) (IRS Employer Identification No.)



		6600 W. Charleston Blvd. #118, Las Vegas, NV  89146
		  (Address of principal executive offices)  (Zip Code)



      Registrant's telephone number, including area code:  (702)-228-2077


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 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.
[X] Yes [  ] No

State  the  number  of  shares  outstanding of each of the issuer's classes  of
common equity, as of the last practicable  date:   As  of   August 1, 2005, the
Issuer had issued and outstanding 89,296,992 shares of common stock $.001.





                               TABLE OF CONTENTS


								Page No


PART I - FINANCIAL INFORMATION

    Item 1.   Financial Statements

          Balance Sheets...........................................1

          Statements of Operations.................................2
   	 (three months ended June 30, 2005 and 2004)

          Statements of Cash Flows.................................3
         (three months ended June 30, 2005 and 2004)

    Notes to Financial Statements

    Item 2.   Management's Discussion And Plan Of Operations.......4

    Item 3.   Controls and Procedures..............................5

PART II - OTHER INFORMATION

    Item 1.   Legal Proceedings....................................6

    Item 2.   Changes in Securities................................7

    Item 3.   Defaults Upon Senior.................................7

Securities

    Item 4.    Submission of Matters to a Vote of Security Holders.7

    Item 5.    Other Information...................................7

    Item 6.    Exhibits & Reports on Form 8-K......................8


SIGNATURES






PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

                         VISTA CONTINENTAL CORPORATION
                        (AN EXPLORATION STAGE COMPANY)
                                 BALANCE SHEET
                                  (UNAUDITED)

<TABLE>
<CAPTION>

<S>            <C>          <C>            <C> <C>          <C>        <C>
					June 30, 2005		September 30, 2004
					(Unaudited)
					-------------		------------------
		 ASSETS

Current assets
  Cash					 $	353 		 $	22,523
  Prepaid expenses			     63,757	 		 1,134
					 ----------		 -------------
	Total current assets		     64,110	 		23,657

Property and equipment, net		     86,310	 	       206,250
Investment in Miranda I			  1,022,427 		     1,485,927
Mining concessions			     99,275	 		99,275
Deposits				      4,575	 		 4,575
					 ----------		 -------------
Total assets				 $1,276,697 		 $   1,819,684
					 ==========		 =============
 LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
  Accounts payable			 $   89,399 		 $	46,174
  Accrued expenses and other liabilities    304,561	 	       181,239
  Loan from related party		  1,222,152	 	       802,838
					 ----------		 -------------
	Total current liabilities	  1,616,112	 	     1,030,251
					 ----------		 -------------
Total liabilities			  1,616,112 		     1,030,251

Minority interest			  4,794,144	 	     5,286,093


Stockholders' deficit
  Common stock; $.001 par value;
	145,000,000 shares authorized,
	89,296,992 shares issued and
	outstanding	 		     89,296	 	        81,239
  Additional paid-in capital		 11,189,610	 	    10,334,818
  Accumulated deficit		        (16,412,465)		   (14,912,717)
					 ----------		 -------------
	Total stockholders' deficit	 (5,133,559)		    (4,496,660)
					 ----------		 -------------
Total liabilities and
stockholders' deficit			 $1,276,697 		 $   1,819,684
					 ==========		 =============
</TABLE>

Page 1

                         VISTA CONTINENTAL CORPORATION
                        (AN EXPLORATION STAGE COMPANY)
                            STATEMENT OF OPERATIONS
                                  (UNAUDITED)

<TABLE>
<CAPTION>

<S>         <C>            <C>        <C>        <C> <C>         <C> <C>       <C>           <C> <C>         <C> <C>


					For the three months ended 	For the three months ended	For the nine months ended	For the nine months ended
						June 30, 2005			June 30, 2004			June 30, 2005			June 30, 2004
					--------------------------	--------------------------	-------------------------	-------------------------
Revenue					 $		-- 		 $		-- 		 $		-- 		 $		--

Operating expenses
Mining exploration expenses			     8,142		 	     2,739	 		    90,464	 		    35,588
Depreciation expense				    29,275	 		    43,172	 		   119,942	 		   201,762
General and administrative		 	   402,077 		 	   207,436 		 	 1,238,620 		 	   455,661
					 -----------------		 -----------------		 -----------------		 -----------------
	Total operating expenses	 	   439,494 		 	   253,347 		 	 1,449,026 		 	   693,011
					 -----------------		 -----------------		 -----------------		 -----------------
	Loss from operations	 		  (439,494)			  (253,347)		 	(1,449,026)		 	  (693,011)

Other income (expenses):
Rental property expenses, net				 -	 		    (1,250)				 -	 		   (41,257)
Other expense		 				 - 		 		 - 		 		 - 			    (3,785)
Interest expense		 			 - 		 		96 		 		 - 		 	       (67)
Gain (Loss) on sale of equipment		 	 - 			    				    10,000 		 		 -
Gain on sale of rental property		 		 - 		 		 - 		 		 - 		 	    55,905
Unrealized loss on investment		 	  (276,401)				 - 		 	  (552,671)				 -
					 -----------------		 -----------------		 -----------------		 -----------------
	Total other income (expenses)		  (276,401)			    (1,154)			  (542,671)		 	    10,796
					 -----------------		 -----------------		 -----------------		 -----------------
Loss before provision for income taxes
  And minority interest				  (715,895)			  (254,501)			(1,991,697)			  (682,215)
Provision for income taxes				--		 		--		 		-- 				--
					 -----------------		 -----------------		 -----------------		 -----------------
Loss before minority interest			  (715,895)			  (254,501)			(1,991,697)			  (682,215)
Loss applicable to minority interest		   176,826	 		    62,553	 		   491,949	 		   207,260
					 -----------------		 -----------------		 -----------------		 -----------------
Net loss			 	 $	  (539,069)		 $	  (191,948)		 $	(1,499,748)		 $	  (474,955)
					 =================		 =================		 =================		 =================
Basic and diluted loss per common share	 $	     (0.01)		 $	     (0.00)		 $	     (0.02)		 $	     (0.01)
					 =================		 =================		 =================		 =================
Basic and diluted weighted average
  common shares outstanding			89,296,922	 		45,239,543	 		84,572,157 			45,239,543
					 =================		 =================		 =================		 =================
</TABLE>
Page 2

                         	VISTA CONTINENTAL CORPORATION
                        	(AN EXPLORATION STAGE COMPANY)
                            CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  	  (UNAUDITED)
<TABLE>
<CAPTION>

<S>            <C>            <C>          <C>         <C> <C>        <C>       <C>           <C>

						 For the nine months ended 	For the nine months ended
							June 30, 2005			June 30, 2004
						 -------------------------	-------------------------
Cash flows from operating activities:
  Net loss				 	 $	(1,499,748)		$	(474,957)
  Adjustments to reconcile net loss to
   net cash used by operating activities:
    Stock based compensation				   799,214		 	       -
    Depreciation					   119,942	 		 201,762
    Change in minority interest from operations		  (491,949)			       -
    Gain on disposal of assets				   (10,000)			       -
    Gain on sale of rental properties			 	 - 		 	(202,506)
    Unrealized loss on investment			   463,500
Changes in operating assets and liabilities:			 -
    Change in prepaid expenses			 	   (62,623)			   2,261
    Stockbased prepaid expenses			 	    63,235
    Change in deposit			 			 - 		 	   1,163
    Change in accounts payable			 	    43,223	 		(197,202)
    Change in accrued expenses and
	other liabilities				   123,322	 		  (2,670)
    Change in minority interest			 		 -	   		(207,255)
						 -----------------		----------------
	Net cash used by operating activities		  (451,884)			(879,404)

Cash flows from investing activities:
  Proceeds from sale of fixed assets			    10,000		 	       -
  Proceeds from sale of rental properties			 -   		 	 332,000
						 -----------------		----------------
	Net cash used by investing activities		    10,000 		 	 332,000

Cash flows from financing activities:
  Increase (Decrease) in loan from related party	   419,314	 		 569,321
  Proceeds from sale of stock				       400
						 -----------------		----------------
	Net cash provided by financing activities 	   419,714	 		 569,321

Net increase in cash					   (22,170)			  21,917

Cash, beginning of period				    22,523	 		  26,419
						 -----------------		----------------
Cash, end of period				 $	       353 		$	  48,336
						 =================		================
Supplementary cash flow information:
	Cash payments for interest		 $		-- 		$	      67
						 =================		================
</TABLE>

                See Accompanying Notes to Financial Statements



Page 3





                        VISTA CONTINENTAL CORPORATION
                        (AN EXPLORATORY STAGE COMPANY)
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (UNAUDITED)



1. BASIS OF PRESENTATION

The   accompanying  unaudited  financial  statements  have  been  prepared   in
accordance  with  Securities  and  Exchange Commission requirements for interim
financial statements. Therefore, they do not include all of the information and
footnotes required by accounting principles  generally  accepted  in the United
States  for complete financial statements. The financial statements  should  be
read in conjunction  with the Form 10-KSB for the year ended September 30, 2004
of Vista Continental Corporation (the "Company").

The interim financial  statements  present  the  balance  sheet,  statements of
operations  and  cash  flows  of  Vista  Continental Corporation. The financial
statements  have  been  prepared  in  accordance   with  accounting  principles
generally accepted in the United States.

The interim financial information is unaudited. In the  opinion  of management,
all adjustments necessary to present fairly the financial position  as  of June
30,  2005  and  the  results of operations and cash flows presented herein have
been included in the financial  statements. Interim results are not necessarily
indicative of results of operations for the full year.

The  preparation  of  financial  statements   in   conformity  with  accounting
principles generally accepted in the United States requires  management to make
estimates  and  assumptions  that  affect  the reported amounts of  assets  and
liabilities and disclosure of contingent assets  and liabilities at the date of
the  financial statements and the reported amounts  of  revenues  and  expenses
during the reporting period. Actual results could differ from those estimates.

2. GOING CONCERN

Going  concern  -  The  Company incurred cumulative net losses of approximately
$16,412,465 from operations  as  of  June  30,  2005  and has not commenced its
mining operations, rather, still in the exploratory stages, raising substantial
doubt about the Company's ability to continue as a going  concern.  The Company
plans  to continue its exploratory and drilling endeavors.   The  Company  will
seek additional  sources  of  capital  through  the  issuance of debt or equity
financing,  but  there can be no assurance the Company will  be  successful  in
accomplishing its objectives.

The ability of the  Company  to  continue  as  a  going concern is dependent on
additional  sources  of  capital and the success of the  Company's  plan.   The
financial statements do not  include any adjustments that might be necessary if
the Company is unable to continue as a going concern.

3. LOAN FROM RELATED PARTY

The Company's majority stockholder,  Alberto  Docouto, has advanced cash to the
Company over time, as needed.  As a result of such advances, loan from majority
stockholder totals $1,200,732 at June 30, 2005,  which  are  unsecured,  due on
demand and bears no interest.

The Company's principal accounting officer had advanced $7,420 as of June 30,
2005.  The amount is unsecured, due on demand and bears no interest.

A stockholder of the company had advanced $14,000 as of June 30, 2005.  The
amount is unsecured, due on demand and bears no interest.










                         VISTA CONTINENTAL CORPORATION
                        (AN EXPLORATORY STAGE COMPANY)
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (UNAUDITED)



4. LITIGATION

On  April 9, 2002, the Company entered into a Reorganization and Stock Purchase
Agreement  with VCC Nevada, for the purpose of acquiring 100% of the issued and
outstanding  shares  of  VCC Nevada (the "Agreement"). The Agreement designates
the parties to the Agreement  as  follows:  the  Company, then known as Century
Laboratories, Inc. ("Century"), the Shareholders of  Century who are or will be
the owners of or otherwise represent at least Fifty-One  Percent  (51%)  of all
the  issued and outstanding shares of common stock (the "Century Stockholders")
and VCC  Nevada.  Pursuant  to  the  Agreement,  the Company was to exchange an
aggregate number of 39,837,355 newly issued shares  of  the Company's $.001 par
value  common  stock  (the  "Company  Shares") on a one-for-one  basis  to  the
shareholders of VCC Nevada for 100% of the issued and outstanding shares of VCC
Nevada or an aggregate 39,837,355 shares  of  common stock, $.001 par value per
share of VCC Nevada (the "Nevada Stock"). The Agreement  was  signed  by Robert
Bryan,  the  president  of  Century  at  that  time, Bryan Design, the majority
shareholder of Century at that time and Lawrence  Nash,  the  president  of VCC
Nevada.  The  Agreement  was  also  signed  by Tamer's Management Ltd., the 75%
shareholder of VCC Nevada. A copy of the Agreement is attached as an exhibit to
the  Company's  current  report  on  Form 8-K, dated  June  12,  2002,  and  is
incorporated herein by reference.

As set forth above, the Company previously  reported  that on June 6, 2002, the
Company Shares were issued to the shareholders of VCC Nevada  in  exchange  for
the Nevada Stock, in reliance on Section 4(2) of the Securities Act of 1933, as
amended  (the  "Securities  Act"),  and  that  VCC Nevada became a wholly owned
subsidiary  of  the  Company. During the third quarter  of  2003,  the  Company
discovered that the shares of the Company were never issued to the shareholders
of VCC Nevada in exchange  for  the Nevada Stock, and that VCC Nevada may never
have become a wholly owned subsidiary of the Company.

On June 6, 2002, the Nevada Stock  was owned by approximately 400 shareholders.
Due to the large number of VCC Nevada  shareholders,  the Company believes that
the exemption from registration provided by Section 4(2) of the Securities Act,
relied upon by the Company in entering the Agreement, was not available for the
issuance  of  the  Shares  in exchange for the Nevada Stock.  Accordingly,  the
Company  believes that the Company  cannot  legally  complete  the  transaction
contemplated  by  the  Agreement  without  first  registering the shares of the
Company  to be issued to the shareholders of VCC Nevada  in  exchange  for  the
remaining  shares  of  VCC  Nevada.  In  this  regard  we note that no offer or
solicitation  was  made  to any shareholders of VCC Nevada  to  exchange  their
shares for the Company Shares.

At this time, the Company  is  consulting with legal counsel on how to proceed.
This filing reflects the possible  position  that since Tamer's Management Ltd.
signed the Agreement, Tamer's Management Ltd.  was  bound  by the Agreement and
effectively  exchanged  its  shares  of VCC Nevada for shares of  the  Company.
Therefore, this filing reflects the position  that  as  of  June  6,  2002, the
Company  did  acquire  approximately  75% of VCC Nevada from Tamer's Management
Ltd. in exchange for 30,000,000 shares  of  the  Company and that the remaining
25%  of  VCC Nevada is currently owned by the other  400  shareholders  of  VCC
Nevada. However,  counsel  has  informed  the  Company  that  another  possible
position  the  Company  may  take would be that no VCC shares can be exchanged,
including Tamer's Management Ltd's  exchange  with  the Company, until a proper
registration has been completed.  Were this position adopted, all of the assets
and properties currently owned by VCC would not be the  property of the Company
and the prior filings and financial statements would need  to  be  amended.  In
order  to  comply  with  applicable securities regulations and to complete  the
acquisition of VCC Nevada,  the  Company plans to file a registration statement
with the Securities and Exchange Commission  (the "Commission") to register the
Shares to be issued to the remaining shareholders of VCC Nevada in exchange for
the remaining issued and outstanding shares of  VCC  Nevada,  or  in the second
scenario,  to  register all VCC Nevada shareholder's shares, including  Tamer's
Management Ltd shares, for exchange.

                        VISTA CONTINENTAL CORPORATION
                        (AN EXPLORATORY STAGE COMPANY)
                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 (UNAUDITED)

In connection with  the  above issues, the Company has been in contact with the
Commission in an attempt to  have the Commission approve the Company's proposed
plan  of  corrective action. To  date  the  Commission  has  not  accepted  the
Company's position nor advised the Company whether or not the Company's plan of
corrective action will or will not be approved by the Commission.

As a result  of  the above, the Company may be exposed to potential liabilities
in connection with  the  Reorganization and Stock Purchase Agreement, including
but not limited to a violation  of  Section  5  of  the Securities Act of 1933.
Additionally, certain issues exist with respect to the  status of the Company's
ownership  of  VCC Nevada. See Risk Factors disclosed in the  Company's  Annual
Report on Form 10-KSB  for  the  year  ended  September  30,  2004,  which  are
expressly incorporated herein by reference.

In  December  2002,  Vista  issued  29,630  shares  of common stock to settle a
lawsuit. The shares were valued at $1.44 per share or $42,667.

On or about April 1, 2003, a lawsuit was filed in the US District Court for the
Southern District of New York entitled: Deborah Donoghue  v.  Vista Continental
Corporation and Alberto DoCouto v. Lance N. Kerr Law Office, Lance  N. Kerr And
David Lilly, and assigned Civil Case Number: 03-CV-2281. The complaint  alleges
that Mr. DoCouto is a ten percent (10%) shareholder of the Company and that  he
purchased and sold or sold and purchased securities of the Company within a six
(6)  month  period in violation of the "short swing trade" rules under Sections
16(b) of the  Securities  and  Exchange  Act  of  1934.  If  the  plaintiff  is
successful,  Mr.  DoCouto will have to pay to the Company any profits generated
by transactions that  violated  Section  16(b).  Mr.  DoCouto  has  advised the
Company  that  such  allegations  arise  out of erroneously filed Form 4's  and
Schedule 13D's filed on Mr. DoCouto's behalf  and  that such filings have since
been  amended and that Mr. DoCouto intends to vigorously  defend  the  lawsuit.
This lawsuit  is  not  anticipated  to  have a material effect on the assets or
business of the Company.

5. STOCKHOLDER'S EQUITY

During  the  six  months ended June 30, 2005,  the  Company  issued  stock  for
services as follows:

   1,000,000 shares  of  common  stock  issued  at $0.10 per share for services
   valued at $100,000.

   294,116 shares of common stock issued at $0.10 per share for services valued
   at $29,411.

   2,600,000  shares of common stock issued at $0.10  per  share  for  services
   valued at $260,000.

   3,333,333 shares  of  common  stock  issued  at $0.06 per share for services
   valued at $200,000.






Page 4







ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
          OPERATION
-------------------------------------------------------------------------------
This report contains forward-looking statements within  the  meaning of Section
27A  of  the Securities Act of 1933 and Section 21E of the Securities  Exchange
Act of 1934.  Actual  results  and  events  could  differ materially from those
projected,  anticipated, or implicit, in the forward-looking  statements  as  a
result of the  risk  factors set forth below and elsewhere in this report. With
the exception of historical  matters,  the matters discussed herein are forward
looking  statements  that  involve  risks  and  uncertainties.  Forward-looking
statements  include,  but  are not limited to,  the  date  of  introduction  or
completion of our products,  projections  concerning  operations  and available
cash  flow.  Our  actual  results  could  differ  materially  from  the results
discussed in such forward-looking statements.
-------------------------------------------------------------------------------

THE COMPANY

The  Company was originally formed as a Delaware corporation in 1958 under  the
name  Carrtone   Laboratories,  Inc.   The  Company  pursued  various  business
operations that ultimately  proved  unsuccessful.   Since 1958, the Company has
undergone a number of name changes and reorganizations.   Prior  to  June 2002,
the  Company  had  no  operations  and  was  a  shell corporation named Century
Laboratories, Inc. with its securities traded on  the Over-the-Counter Bulletin
Board  ("OTCBB").   On  April  9,  2002,  the Company, then  known  as  Century
Laboratories, Inc., entered into a Reorganization  and Stock Purchase Agreement
with Vista Continental Corporation, a privately owned  Nevada corporation ("VCC
Nevada"),  for  the  purpose  of acquiring 100% of the issued  and  outstanding
shares of VCC Nevada.  At that  time,  VCC  Nevada was engaged in exploring and
developing certain mining claims.  In a current  report on Form 8-K, dated June
12,  2002,  the  Company  disclosed that the transaction  contemplated  by  the
Reorganization and Stock Purchase  Agreement,  dated April 9, 2002, closed.  In
furtherance of the Agreement, Robert Bryan, the  sole  officer  and director of
the  Company  resigned  effective June 6, 2002, and the officers and  directors
designated by VCC Nevada assumed the positions as officers and directors of the
Company.  The Company's current  report  on  Form  8-K, dated June 12, 2002, is
incorporated herein by reference.

Since  June  6,  2002,  the Company has been filing its  quarterly  and  annual
reports required by the Securities  Exchange  Act  of  1934,  as  amended  (the
"Exchange  Act") under the presumption that the transaction contemplated by the
Agreement had  closed.   However,  during the third quarter of 2003 the Company
learned that only one shareholder of  VCC  Nevada  committed  to  exchange  its
shares  of VCC Nevada common stock for shares of the Company's stock, by signed
the Agreement.   The  shareholder  of  VCC  Nevada, who executed the Agreement,
owned approximately 75% of VCC Nevada.  Accordingly, VCC Nevada is not a wholly
owned subsidiary of the Company.  The Company  owns  approximately  75%  of VCC
Nevada.    See   section   entitled  "The  Reorganization  and  Stock  Purchase
Agreement," below.


The Reorganization and Stock Purchase Agreement
-----------------------------------------------

On April 9, 2002, the Company  entered into a Reorganization and Stock Purchase
Agreement with VCC Nevada, for the  purpose of acquiring 100% of the issued and
outstanding shares of VCC Nevada (the  "Agreement").   The Agreement designates
the parties to the Agreement as follows:  the Company, then  known  as  Century
Laboratories, Inc. ("Century"), the Shareholders of Century who are or will  be
the  owners  of  or otherwise represent at least Fifty-One Percent (51%) of all
the issued and outstanding  shares of common stock (the "Century Stockholders")
and VCC Nevada.  Pursuant to  the  Agreement,  the  Company  was to exchange an
aggregate number of 39,837,355 newly issued shares of the Company's  $.001  par
value  common  stock  (the  "Company  Shares")  on  a  one-for-one basis to the
shareholders of VCC Nevada for 100% of the issued and outstanding shares of VCC
Nevada or an aggregate 39,837,355 shares of common stock,  $.001  par value per
share of VCC Nevada (the "Nevada Stock").  The Agreement was signed  by  Robert
Bryan,  the  president  of  Century  at  that  time, Bryan Design, the majority
shareholder of Century at that time, and Lawrence  Nash,  the  president of VCC
Nevada.   The  Agreement  was also signed by Tamer's Management Ltd.,  the  75%
shareholder of VCC Nevada.   A  copy of the Agreement is hereby incorporated by
reference as Exhibit 2.1

As set forth above, the Company previously  reported  that on June 6, 2002, the
Company Shares were issued to the shareholders of VCC Nevada  in  exchange  for
the Nevada Stock, in reliance on Section 4(2) of the Securities Act of 1933, as
amended  (the  "Securities  Act"),  and  that  VCC Nevada became a wholly owned
subsidiary  of the Company.   During the third quarter  of  2003,  the  Company
discovered that the shares of the Company were never issued to the shareholders
of VCC Nevada  in  exchange  for  the  Nevada  Stock, and that VCC Nevada never
became a wholly owned subsidiary of the Company.

On June 6, 2002, the Nevada Stock was owned by approximately  400 shareholders.
Due to the large number of VCC Nevada shareholders, the Company  believes  that
the exemption from registration provided by Section 4(2) of the Securities Act,
purportedly  relied  upon  by  the  Company  in entering the Agreement, was not
available  for the issuance of the Shares in exchange  for  the  Nevada  Stock.
Accordingly,  the Company believes that the Company cannot legally complete the
transaction contemplated  by the Agreement without first registering the shares
of the Company to be issued  to  the shareholders of VCC Nevada in exchange for
the remaining shares of VCC Nevada.   In  this  regard we note that no offer or
solicitation  was  made to any shareholders of VCC  Nevada  to  exchange  their
shares for the Company Shares.

At this time, the Company  is  consulting with legal counsel on how to proceed.
This filing reflects the possible  position  that since Tamer's Management Ltd.
signed the Agreement, Tamer's Management Ltd.  was  bound  by the Agreement and
effectively  exchanged  its  shares  of VCC Nevada for shares of  the  Company.
Therefore, this filing reflects the position  that  as  of  June  6,  2002, the
Company  did  acquire  approximately  75% of VCC Nevada from Tamer's Management
Ltd. in exchange for 30,000,000 shares  of  the  Company and that the remaining
25%  of  VCC Nevada is currently owned by the other  400  shareholders  of  VCC
Nevada. However,  counsel  has  informed  the  Company  that  another  possible
position  the  Company  may  take would be that no VCC shares can be exchanged,
including Tamer's Management Ltd's  exchange  with  the Company, until a proper
registration has been completed.  Were this position adopted, all of the assets
and properties currently owned by VCC would not be the  property of the Company
and the prior filings and financial statements would need  to  be  amended.  In
order  to  comply  with  applicable securities regulations and to complete  the
acquisition of VCC Nevada,  the  Company plans to file a registration statement
with the Securities and Exchange Commission  (the "Commission") to register the
Shares to be issued to the remaining shareholders of VCC Nevada in exchange for
the remaining issued and outstanding shares of  VCC  Nevada,  or  in the second
scenario,  to  register all VCC Nevada shareholder's shares, including  Tamer's
Management Ltd shares, for exchange.

In connection with  the  above issues, the Company has been in contact with the
Commission in an attempt to  have the Commission approve the Company's proposed
plan  of  corrective action. To  date  the  Commission  has  not  accepted  the
Company's position nor advised the Company whether or not the Company's plan of
corrective action will or will not be approved by the Commission.

As a result  of  the above, the Company may be exposed to potential liabilities
in connection with  the  Reorganization and Stock Purchase Agreement, including
but not limited to a violation  of Section 5 of the Securities Act of 1933. See
The Section entitled "Risk Factors," below.


Background of VCC Nevada Within the Last Five Years
---------------------------------------------------

Alberto DoCouto, through Tamer's  Management  Ltd.,  was  the  founder  and 99%
shareholder  of  Quillabamba Mining, S.A.C., a Peruvian corporation on July  1,
1998. Quillabamba  Mining,  S.A.C. owns the rights to certain mining claims and
equipment located in Peru.  Thereafter, Tamer's Management Ltd. contributed its
99% interest in Quillabamba Mining,  S.A.C.  to  Vista  Continental Development
Corporation, a Nevada corporation, in exchange for 23,500,000  shares  of Vista
Continental Development Corporation.  Vista Continental Development Corporation
changed  its  name  to Vista Continental Corporation ("VCC Nevada") on December
16, 1999.  On April 9,  2002,  VCC  Nevada  entered into the Reorganization and
Stock Purchase Agreement with the Company as described above.


Description of Business
-----------------------

This section entitled Description of Business  describes  the  business  of the
Company's  partially  owned  subsidiary  VCC  Nevada  and  constitutes the only
business operations of the Company at this time.

We are a U.S.-based gold and other metals exploration and development  company.
Our  principal  assets are located in the Republic of Peru and the Republic  of
Guyana.  Through  our  99%  owned subsidiary, Quillabamba Mining, S.A.C, we own
three mining concessions located  in  central  Peru  located along the Urubamba
River.   Furthermore, we have a  40% ownership of Miranda  Mining  I  (Guyana),
Inc., which  is  the  owner of certain mining rights in 31 river claims located
along the Mazaruni River in Guyana.


PERUVIAN OPERATIONS

Past Activities
---------------

On August 15, 2002, we  announced  signing  a contract with Ruen Drilling Int.,
Inc.  Sucursal Del Peru, an international drilling  contractor,  to  begin  the
comprehensive  first-stage  drilling  program.   This  program  was started and
completed  in November 2002.  This program was designed to test both  types  of
gravel deposits  on  our concessions.  During this program, we drilled 28 holes
in  total at varying depths,  depending  on  when  the  drill  rig  encountered
bedrock.  Samples were obtained from the drill every 1.5 meters.  These samples
were  prepared  by  our  employees  for assay at our on site sample preparation
facility  and  a portion of the sample  was  then  sent  to  independent  assay
laboratories for  analysis.   The  two laboratories we used were CIMM Peru S.A.
and  ALS Chemex in Vancouver.  Gold values  were  determined  via  amalgamation
methods.  A summary of the program and its results in our currently held claims
are as follows.


Palma Real West
---------------

Eight  holes  were  drilled  in  this  area,  an active floodplain located five
kilometers west of the village of Palma Real.   Bedrock was encountered at very
deep levels, over 50 meters, indicating the potential  for  much larger volumes
of  gravel  than  originally  assumed.  Hole  5 encountered a significant  gold
intercept  at a depth of 25 meters.  This intercept  assayed  at  12,000  mg/m3
(milligrams per cubic meter) substantially higher than the breakeven gold grade
calculated by  Acres  International  in  their report.  Further intercepts were
encountered in this hole near the surface that assayed at 650 mg/m3.  This hole
was at the western edge of the planned drill  pattern  and  a large area to the
west  is still unevaluated at this point in time.  There is no  assurance  that
similar  test  results  will  be  encountered further to the west in this area.
Despite the test results, there can  be  no  assurance that the Company will be
able  to  develop  and mine this area or that the  Company  will  generate  any
revenues from this area.


Palma Real East
---------------

Seven  holes  were  drilled   in   this  area,  an  active  floodplain  located
approximately  three  kilometers  east  of  the  village  of  Palma  Real,  and
approximately 15 kilometers downstream  from  the camp and processing facility.
Bedrock was encountered at a depth of approximately  52  meters  indicating the
potential for larger volumes of gravels than originally assumed.   Near surface
gold intercepts were encountered in five of the seven holes.  Hole 3 returned a
gold intercept of 1,260 mg/m3 at a depth of approximately ten meters and Hole 4
returned  a  gold  intercept 2,033 mg/M3 at a depth of approximately 4  meters.
Despite the test results,  there  can  be no assurance that the Company will be
able  to  develop and mine this area or that  the  Company  will  generate  any
revenues from this area.


Test Mine Area
--------------

Nine holes  were  drilled in this area located immediately adjacent to the camp
and processing plant facility.  Bedrock was encountered at a depth of 30 meters
indicating the potential for greater volumes or gravel than originally assumed.
180 samples, representing  seven of the nine holes were assayed.  Of these, 144
were found to contain gold,  although  significantly below the cut off grade of
300 mg/m3 established by Acres International.  Due to these low gold values and
in an effort to manage costs the remaining samples were not sent out for assay.
Despite the test results, there can be no  assurance  that  the Company will be
able  to  develop  and  mine  this  area or that the Company will generate  any
revenues from this area.


Mapping Activities
------------------

In addition to the drilling program, we concluded the preparation of a detailed
contour map of our entire claim block.  The preparation of this map will enable
us to better evaluate our exploration  results and identify any trends that may
be present within our concessions.


Test Mining and Process Plant Testing
-------------------------------------

We test mined the area immediately adjacent  to  the  camp and processing plant
location.  The low gold grades in the area we test mined  did not yield much in
the way of gold recovered, however, we plan to improve the  plant  and purchase
new equipment in preparation and purchase new equipment for the next  round  of
test  mining  activities.   At  the  completion of our drilling and test mining
programs  we  believe  we  will be in a position  to  undertake  a  first-stage
feasibility study to determine  the  commercial viability of the property.  The
drilling  program will provide us with  a  good  indication  of  our  potential
reserves, while  the  test-mining  program  will enable us to obtain mining and
processing cost estimates as well as the estimates  for  the  recoverability of
the  gold, zirconium and rare earths that we believe exist within  the  gravels
located on our claims.


Proposed Peruvian Activities
----------------------------

We hope  to  institute Phase II in 2005.  The program should last approximately
60 days. We anticipate  the  cost  of the program to be approximately $700,000.
At this time, however, we lack the funding  to  proceed  and  do  not  have any
future prospects to obtain such funding.


Palma Real West
---------------

We  plan to drill approximately 17 holes at a minimum depth of 30 meters  based
upon  the results we obtained from last years drilling program.  Access will be
obtained  to  the  other  large floodplain deposits present at Palma Real West.
Significant exploration potential exists and several reconnaissance drill holes
are warranted.  No specific  hole  location recommendations can be made at this
point until access is identified.

Additionally, one bulk sample of approximately  200  cubic meters will be taken
from  the  area.   This  sample will be hauled to the recovery  plant  for  R/E
determination.


Palma Real East
---------------

We plan to drill approximately  ten  holes  at  a  maximum  average depth of 25
meters  based  upon  results  we  obtained  from  last years drilling  program.
Abundant additional drilling (a minimum of 25 holes)  is  required  to test the
entire  Palma  Real East target area. Only a small portion was drill tested  in
2002.  Access needs  to  be negotiated with locals that would allow Quillabamba
the right to explore and potentially develop this huge area.

A grid bulk-sampling program  of 10-15 pits was proposed for Palma Real East at
the end of the 2002 field season.  However, heavy precipitation associated with
the commencement of the rainy season  caused a rapid rise in the river level to
a point safe collection of bulk samples  could  not  be  assured.  The work was
postponed until water levels fell. We hope to complete the  sampling this year.
Additional pits, 10-15 of 75 cubic meters each are planned in grid fashion over
the  rest of the area drill tested during 2002.  These pits will  be  processed
early in the new program.


Titanium Testing
----------------

The presence  of  titanium  dioxide  was  discovered  while doing metallurgical
testing to determine rare earth recovery in early 2003.   This  metal  will  be
assayed  much more extensively during the next phase to determine it's possible
economic viability.   Despite  the test results, there can be no assurance that
the Company will be able to successfully  mine for titanium or that the Company
will generate any revenues from mining titanium.


Rare Earth and Zirconium Metallurgical Testing
----------------------------------------------

Unfortunately, metallurgical testing during early 2003 had been unsuccessful in
attempting to improve recoveries of rare earths  and  zirconium.  Consequently,
no further assaying for these minerals will be conducted  until a gold resource
has been defined.  Once a resource has been defined, assays  for these minerals
will be done to identify any possible economics that may arise  as a by-product
of the gold recovery facility.

GUYANA OPERATIONS THROUGH MIRANDA I OWNERSHIP

Miranda  I  is  the  owner,  through  two deeds of assignment, of the exclusive
rights to mine 31 river claims located along the Mazaruni River in the interior
of the Republic of Guyana (the "River Claims").   Miranda  I is also the owner,
in addition to other assets, of two 10-inch Hydraulic Cutterhead Dredges, which
are located in the Republic of Guyana.

The Republic of Guyana is a former British colony located on  the  northeastern
coast of South America.  Guyana covers an area of approximately 214,970  square
kilometers  and hosts a population of approximately 750,000 people.  Guyana  is
the only English speaking country in South America

Miranda  I's claims  are  located  on  the  Mazaruni  River  approximately  200
kilometers  south of the city of Georgetown, the capital of Guyana.  The claims
are accessible  by  river  with an airstrip located approximately 50 kilometers
from Red Hill at the village  of Kurapong.  From Kurapong, easy river access is
available to most of the claims.   Commercial  river  taxi and freight services
are numerous along the Mazaruni River.


Mining Claims of Miranda I
--------------------------

Miranda I's claims are split into two groups of river concessions.   The  first
group,  designated  as the "Fish Pan" claims, consists of 15 river claims.  The
second group, designated  as the "Red Hill" claims consists of 16 river claims.
The two sets of claims are approximately 50 kilometers apart.  One of the river
claims consists of one mile of navigable river.  The total area of the Fish Pan
claims is approximately 2,300  hectares.   The Fish Pan claim assignment is for
12 years and requires a 10% tribute to be paid  on  the gross monetary proceeds
from  all gold, diamonds, and other precious metals recovered  and  sold.   The
total area of the Red Hill claims is approximately 3,000 hectares.  The term of
the assignment  is indefinite and does not contain a royalty or tribute clause.
All gold produced  from  these claims is required to be sold to the Guyana Gold
Board, which pays a price based on the published London Daily Price.


Miranda I Business Strategy
---------------------------

Miranda I plans to mine these  claims  by dredging the rivers with two to three
cutterhead dredges.  Currently, Miranda I is the owner of two fully functioning
dredges  and a third dredge that needs to  be  completed,  as  well  as  ground
penetrating  radar  surveys  (GPR)  of the areas of interest to Miranda I.  The
dredges allow mining at a depth of approximately  20  meters.   The  processing
plant  on  each dredge has a production capacity of approximately 300 tons  for
every 24 hours running time.

At the present  time,  all operations have temporarily ceased in regards to the
mining of the claims.  Miranda  I  is  currently in the process of reevaluating
the  mining  locations  and the dredge recovery  system  to  improve  recovery.
Miranda I plans to spend  approximately  $350,000  to upgrade and refurbish the
two existing dredges.  Furthermore, another $150,000 will be needed to complete
construction of the third dredge.  At this time, Miranda  I  does  not have the
funding to begin mining operations.  Furthermore, Vista does not have the funds
to advance to Miranda I for the aforementioned mining operations.


PLAN OF OPERATIONS

Peru

       We completed the Phase 1 drilling program in November of 2002. The Phase
1 mining operations consisted of test drilling of approximately four  claims of
which  the  mining  rights  are  held by Vista.  The results of the exploratory
drilling were positive.  The presence  of  gold  was  found  in 75% of the test
samples made.  The results did not, however, warrant commercial  production  on
those  sites  at  this  time.   Therefore,  we  plan  to  begin  Phase 2 of our
exploratory drilling early next year.  It is our intention to double the amount
of  drilling  in Phase 2 as compared to Phase 1.  We will continue drilling  on
those claims that yielded positive results in Phase 1 of the drilling.  We also
plan to explore  claims  that  were  not tested in Phase 1 of the drilling last
year.  We also intend to conduct substantially more test mining programs.

       Due to recent events occurring  in  Peru,  and  the lack of funding, the
Company  decided  to postpone its drilling operations in 2003  and  2004.   The
guerilla terrorist  group  "Shining  Path"  had  staged raids on certain mining
camps  in Peru, including an attack on July 23rd, 2003  of  a  Canadian  mining
exploration  camp  located  approximately  110  miles  from  Vista's  Camp.  In
September  2004,  a  comprehensive  sweep by police in five cities arrested  17
members of the Shining Path as part of  a  vigorous  effort  to  eliminate  its
influence.  The Company plans to begin Phase 2 of its drilling program in 2005,
barring  any  further  turbulence in the region, and contingent upon ability to
fund the project.

       We have spent the last four years studying the property, building a base
camp, importing various  pieces  of mining and processing equipment, conducting
test drilling and mining activities,  and  raising  money for these activities.
However, some of the equipment has been shipped out of Peru for other projects.
We are currently unsure as to when or if commercial production will commence.

       At this time, operations at the Peruvian mine  have  temporarily ceased.
The costs to complete Phase 2 of the drilling will be about $700,000.   At this
time,  the  Company  does  not  have  the  monies to begin the Phase 2 drilling
program.

       At the completion of our drilling and test mining programs, we may be in
a  position  to  undertake a first-stage feasibility  study  to  determine  the
commercial viability of the property. The drilling program will provide us with
a good indication of our potential reserves, while the test-mining program will
enable us to obtain  mining  and  processing  cost  estimates  as  well  as the
estimates for the recoverability of the gold, zirconium and rare earths that we
believe  exist  within  the  gravels  located  on our claims. The cost to begin
commercial production would range from 12 to 20 million dollars.  At this time,
we  are not in a position to fund such an operation.   Further,  there  are  no
guarantees  that  any  of  the  claims will eventually yield enough elements to
warrant commercial production.

       Beginning in October 2002,  Vista began sharing its Peruvian mining camp
costs under a verbal agreement with the majority shareholder, who owns separate
Peruvian mineral leases in the same  geographic  vicinity  as  Vista's  leases.
Both  companies  agreed  to  share  camp  costs equally when both companies are
operating in the camp.  If one company is operating  in  the camp and the other
is not, the operating company must bear 80 percent of the  camp  costs  and the
non-operating  company  must bear 20 percent of the camp costs. Each party  has
also agreed that for any  and  all  costs  incurred on their behalf outside the
camp, each party would be solely responsible  for  these  costs.  Vista and the
majority  shareholder  agreed that Vista would pay all costs  and  Vista  would
either be reimbursed or  the  note  payable  to shareholder would be reduced in
lieu of cash for the portion of the privately  owned  company's  camp expenses.
Beginning in April 2003, Vista's majority stockholder personally assumed all of
Vista's Peruvian payroll and other expense obligations until operations resume.

       Phase  2  of  the  drilling  program  is  expected to cost approximately
$700,000.   Further, operational costs are expected  to  be  in  the  range  of
$1,200,000.   At  this  time,  the  Company is not in a position to cover those
costs.  The majority shareholder has  stated  that he would be willing to cover
those costs if the Company was unable to raise additional capital.  There is no
guarantee, however, that the majority shareholder  will  have  the  capacity to
continue to fund the Company.

       We  are  currently  seeking  additional  sources of funding from private
investors  and  possibly from a secondary public offering  in  the  future.  No
definitive plans have been made, however.

Guyana

       Miranda I's  current  plans are to mine the river claims by dredging the
rivers with two to three cutterhead dredges.  Currently, Miranda I is the owner
of two fully functioning dredges and a third dredge that needs to be completed,
as well as ground penetrating  radar  surveys (GPR) of the areas of interest to
Miranda I.  The dredges allow mining at  a  depth  of  approximately 20 meters.
The processing plant on each dredge has a production capacity  of approximately
300 tons for every 24 hours running time.

       At the present time, all operations have temporarily ceased  in  regards
to  the  mining  of  the  claims.   Miranda  I  is  currently in the process of
reevaluating  the mining locations and the dredge recovery  system  to  improve
recovery.  Miranda  I  plans  to  spend  approximately  $350,000 to upgrade and
refurbish  the  two existing dredges.  Furthermore, another  $150,000  will  be
needed to complete  construction of the third dredge.  Miranda I's current plan
is to complete construction  of  the new recovery system on all the dredges and
place them on the Fish Pan.  At the  present  time, Miranda I does not have the
funding  to proceed with operations.  Furthermore,  Vista  does  not  have  the
funding to  contribute  either.   Alberto  DoCouto, the majority shareholder of
Vista  and  the  owner of the remaining 60% of  Miranda  I  has  expressed  his
intentions to fund  the  project.  There is no guarantee, however, that he will
have the capacity to do so.

LIQUIDITY AND CAPITAL RESOURCES

       During the three month period ended June 30, 2005, the Company satisfied
its working capital needs  from cash on hand at the beginning of the period and
from loans from Alberto DoCouto, the Company's majority shareholder. As of June
30, 2005, the Company had cash  on  hand  in the amount of $353.  As of May 16,
2005, the Company is approximately 9 months  in  arrears  with  respect  to its
President's   compensation   arrangement   and  Principal  Accounting  Officer.
Currently, the Company does not have sufficient  capital  resources  to sustain
its  operating activities.  As noted in the accompanying notes to the June  30,
2005 financial  statements,  the Company has a going concern issue since it has
not commenced its operations and has recurring and cumulative net losses.

The Company estimates that the  costs  to  maintain the corporate office in Las
Vegas, Nevada will be approximately $600,000  to  $800,000, including salaries,
over the next 12 months.  The Company in the past had  the majority shareholder
provide  loans  to  the  Company  for operational needs, however  there  is  no
assurance that such loans will continue  or  whether  the  majority shareholder
will  he  have  the  financial  wherewithal  to do so.  The Company  will  need
additional funds in order to effectuate its business  strategy.   There  is  no
assurance  that  the Company will be able to obtain such additional funds, when
needed.  Even if the  Company  is  able to obtain additional funds, there is no
assurance that the Company will be able  to  effectuate its plan of operations.
Any prospective investor seeking to invest in the Company, would do so at their
own risk considering all the foregoing factors  and other discussions mentioned
elsewhere in this Form 10-QSB.


ITEM 3. CONTROLS AND PROCEDURES

Based on the evaluation of the Company's disclosure  controls and procedures by
Ashak Rustom, the Company's Accounting Principal, and  Dr.  Lawrence  Nash, the
Company's  Chief  Executive  Officer, as of a date within 90 days of the filing
date of this quarterly report,  such officers have concluded that the Company's
disclosure controls and procedures  are  effective in ensuring that information
required to be disclosed by the Company in the reports that it files or submits
under  the  Securities  and  Exchange Act of 1934,  as  amended,  is  recorded,
processed, summarized and reported,  within  the  time  period specified by the
Securities and Exchange Commission's rules and forms.

There  were  no significant changes in the Company's internal  controls  or  in
other factors  that could significantly affect these controls subsequent to the
date of their evaluation,  including  any  corrective  actions  with  regard to
significant deficiencies and material weaknesses.


Page 5


                          ITEM II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Deborah Donoghue v. Vista Continental Corporation and Alberto DoCouto
-------------------------------------------------------------------------------

On  April 1, 2003, a lawsuit was filed in the United States District Court  for
the  Southern  District  of  New  York  entited:   Deborah  Donoghue  v.  Vista
Continental  Corporation  and  Alberto Docouto, and assigned Civil Case Number:
03-CV-2281.  Mr. DoCouto is the  owner  of  Tamer's Management Ltd. and thus is
beneficially the majority shareholder of VCC  Nevada.   The  complaint  alleges
that Mr. DoCouto violated the "short-swing trade" rules under Sections 16(b) of
the  Exchange  Act.   Specifically, the complaint alleges that Mr. DoCouto sold
and purchased or purchased  and  sold  shares  of  the Company within a six (6)
month period in violation of 16(b).  In the event that the court finds that Mr.
DoCouto's transactions violated Section 16(b), then  Mr.  DoCouto  will have to
pay  to  the  Company  any  profits  Mr. DoCouto generated as a result of  such
transactions.  Mr. DoCouto has denied  such  allegations  and has asserted that
such  allegations  arise out of erroneously filed Form 4's and  Schedule  13D's
filed on Mr. DoCouto's  behalf  and  that such filings have since been amended.
Mr. DoCouto intends to vigorously defend  the  lawsuit  to  the  fullest.   The
Company  does  not believe that this litigation shall have a material effect on
the assets or business of the Company.


Page 6


ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

In May 2005, Hunter  Wise  Financial  Group,  LLC. was compensated for advisory
services in the area of corporate finance.  The Company issued 3,333,333 shares
of restricted stock in connection with these services  valued  at approximately
$200,000.


ITEM 3. DEFAULTS UPON SENIOR SECURITIES

N/A

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

N/A


ITEM 5. OTHER INFORMATION

N/A

Page 7


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8K

(a)      Exhibits

<TABLE>
<CAPTION>
Exhibit #                        Document

<S>      <C>

2.1     Reorganization and Stock Purchase Agreement by and between Century
	Laboratories,  Inc.  and Vista Continental Corporation. (5)

3.1     Certificate of Incorporation, as amended on August 10, 1977(1)

3.2     Certificate of Amendment of Certificate of Incorporation, dated April
	22, 1983(2)

3.3     Certificate of Reduction of Capital, dated April 22, 1983(2)

3.4     Certificate of Renewal and Revival of Charter (3)

3.5     Amendment of Certificate of Incorporation(4)

3.6     Amendment of Certificate of Incorporation

3.7     By-Laws of the Corporation (3)

10.1    Asset Purchase Agreement Dated June 30th, 2004 (6)

31.1    302 Certification of Dr. Lawrence Nash

31.2    302 Certification of Ashak Rustom

32.1    906 Certification of Dr. Lawrence Nash

32.2    906 Certification of Ashak Rustom


</TABLE>

	(1)   Incorporated by reference from the Company's Annual Report on Form
      	10-K for the fiscal year ended May 31, 1992

	(2)   Incorporated by reference from the Company's Annual Report on Form
      	10-K for the fiscal year ended May 31, 1983

	(3)   Incorporated by reference from the Company's Annual Report on Form
      	10-KSB for the fiscal year ended May 31, 1999

	(4)   Incorporated  by  reference  from  the Company's Interim Report on
      	Form 8-K filed on August 2nd, 2002

	(5)   Incorporated  by reference from the Company's  Interim  Report  on
      	Form 8-K filed on June 13th, 2002

	(6)   Incorporated by  reference  from  the  Company's Interim Report on
      	Form 8-K filed on July 1, 2004

	(7)   Incorporated  by reference from the Company's  Interim  Report  on
      	Form 8-K filed on July 30, 2004



(b)   Reports on Form 8-K

       None




                                  SIGNATURES

       In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.


By:  /s/ Lawrence Nash                               Date:  August 2, 2005
 -------------------------------------
        Dr. Lawrence Nash
        President and Chief Executive Officer

By:   /s/ Ashak Rustom                               Date:  August 2, 2005
 -------------------------------------
        Ashak Rustom
        Accounting Principal



Page 8