|U.S. SECURITIES AND EXCHANGE COMMISSIONWashington, D.C.  20549                                                                                                                                                                                                                                                             
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                           
|FORM 10-QSB                                                                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                                                                           
|(Mark One)                                                                                                                                                                                                                                                                                                                 
|[X]                                                                                                                                                                                                                                                                                                                        
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|OR                                                                                                                                                                                                                                                                                                                         
|[ ]                                                                                                                                                                                                                                                                                                                        
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|Commission file number:  033-13474-NY                                                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                                                                           
|American Home Alliance Corporation(Exact Name of Small Business Issuer in Its Charter)                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                           
|Delaware
(State or Other Jurisdiction of 
Incorporation or Organization)                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                           
|1400 Norris Road, Bakersfield, California 93308(Address of principal executive office)                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                           
|(661) 391-3838 
Issuer's telephone number, including area code                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                           
|(Former Name, Former Address, and Former Fiscal Year,
If Changed Since Last Report)                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                           
|Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes       No  X
|                                                                                                                                                                                                                                                                                                                           
|The number of shares outstanding of the Registrant's Common Stock as of June 30, 1998 was 3,707,500 shares.                                                                                                                                                                                                                







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American Home Alliance Corporation

TABLE OF CONTENTS





|                               |          |                                                                                       | Page Number                                                                                                                                             
|------------------------------ | -------- | ------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------
|                               |          |                                                                                       |                                                                                                                                                         
|PART I - FINANCIAL INFORMATION |         
|                               |          |                                                                                       |                                                                                                                                                         
|                               | Item 1.  | Financial Statements                                                                  |                                                                                                                                                         
|                               |          | Balance Sheets                                                                        |                                                                                                                                                         
|                               |          |                                                                                       | June 30, 1998 (unaudited) andDecember 31,1997                                                                                                           
|                               |          | Statements of Operations (unaudited)                                                  |                                                                                                                                                         
|                               |          |                                                                                       | Six Months Ended June 30, 1998 (unaudited)
and June 30, 1997 (unaudited) and 
Three Months Ended June 30, 1998 (unaudited)
and June 30, 1997 (unaudited)
|                               |          | Statements of Cash Flows (unaudited)                                                  |                                                                                                                                                         
|                               |          |                                                                                       | Six Months Ended June 30, 1998 (unaudited)
and June 30, 1997 (unaudited) and 
Three Months Ended June 30, 1998 (unaudited)
and June 30, 1997 (unaudited)
|                               |          | Notes to Financial Statements (unaudited)                                             | F 4                                                                                                                                                     
|                               | Item 2.  | Management's Discussion and Analysis of Financial Condition and Results of Operations | 11                                                                                                                                                      
|                               | Item 2A. | Factors That May Affect Future Results                                                | 13                                                                                                                                                      
|                               |          |                                                                                       |                                                                                                                                                         
|PART II - OTHER INFORMATION    |         
|                               |          |                                                                                       |                                                                                                                                                         
|                               | Item 1.  | Legal Proceedings                                                                     | 15                                                                                                                                                      
|                               | Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                           | 15                                                                                                                                                      
|                               | Item 3.  | Defaults Upon Senior Securities                                                       | 15                                                                                                                                                      
|                               | Item 4.  | Submission of Matters to a Vote of Security Holders                                   | 15                                                                                                                                                      
|                               | Item 5.  | Other Information                                                                     | 15                                                                                                                                                      
|                               | Item 6.  | Exhibits and Reports on Form 8-K                                                      | 15                                                                                                                                                      



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Part I.  Financial Information



Available Information



Information about our Company is available from the Company at the address shown on the first page of this Report. We are obligated to file reports with the Securities and Exchange Commission, or SEC. These reports include annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to such reports, each of which is provided on our website after we electronically file such materials with or furnish them to the SEC. You can also read and copy any materials we file with the SEC at the SEC's Public Reference Room at 450 Fifth Street, NW, Washington, DC 20549. You can obtain additional information about the operation of the Public Reference Room by calling the SEC at 1.800.SEC.0330. In addition, the SEC maintains a website (www.sec.gov) that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC, including us.



MATTER OF FORWARD-LOOKING STATEMENTS



THIS FORM 10-QSB CONTAINS "FORWARD-LOOKING STATEMENTS" THAT CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES.  MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING,  BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S MARKETING PLANS, GOALS, COMPETITIVE AND TECHNOLOGY TRENDS AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS.  NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED.  ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND IMPORTANT FACTORS DESCRIBED IN THIS FORM 10-QSB FOR AMERICAN HOME ALLIANCE CORPORATION, INCLUDING, BUT NOT LIMITED TO "THE FACTORS THAT MAY AFFECT FUTURE RESULTS" SHOWN AS ITEM 1A AND IN MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. THE RISKS INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH AN EARLY-STAGE COMPANY THAT HAS ONLY A LIMITED HISTORY OF AND NO CURRENT OPERATIONS, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, TECHNOLOGICAL CHANGES THAT MAY LIMIT THE ABILITY OF THE COMPANY TO MARKET AND SELL ITS PRODUCTS AND SERVICES  OR ADVERSELY IMPACT THE PRICING OF THESE PRODUCTS AND SERVICES, AND MANAGEMENT THAT HAS ONLY LIMITED EXPERIENCE IN DEVELOPING SYSTEMS AND MANAGEMENT PRACTICES.  ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS.  WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS FORM 10-QSB OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS



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Item 1.  Financial Statements



|AMERICAN HOME ALLIANCE CORPORATION
(Formerly Ancona Group, Ltd.)
(A Development Stage Company)
Balance Sheets
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|ASSETS                                                                                                       
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|Current Assets                                                                                               
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|Total Current Assets                                                                                         
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|LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)                                                                 
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|Current Liabilities                                                                                          
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|Total Current Liabilities                                                                                    
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|Total Long-Term Liabilities                                                                                  
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|Stockholders' Equity (Deficit)                                                                               
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|Total Stockholders' Equity (Deficit)                                                                         
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See Notes to Financial Statements
F 1

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|AMERICAN HOME ALLIANCE CORPORATION
(Formerly Ancona Group, Ltd.)
(A Development Stage Company)
Statements of Operations
|-----------------------------------------------------------------------------------------------------------------------
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|Revenues                                                                                                               
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|Total Revenues                                                                                                         
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|Operating Costs                                                                                                        
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|Total Operating Costs                                                                                                  
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|Other Income & (Expenses)                                                                                              
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|Total Other Income & (Expenses)                                                                                        
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|Net Loss                                                                                                               
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|Basic income (loss) per share                                                                                          
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|Weighted average number of 
common shares outstanding                                                                  
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See Notes to Financial Statements
F 2

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|AMERICAN HOME ALLIANCE CORPORATION
(Formerly Ancona Group, Ltd.)
(A Development Stage Company)
Statements of Cash Flows
|-----------------------------------------------------------------------------------------------------------------------
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|CASH FLOWS FROM OPERATING ACTIVITIES                                                                                   
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|CASH FLOWS FROM INVESTING ACTIVITIES                                                                                   
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|CASH FLOWS FROM FINANCING ACTIVITIES                                                                                   
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|SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                                                                     
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See Notes to Financial Statements
F 3

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AMERICAN HOME ALLIANCE CORPORATION
(Formerly Ancona Group, Ltd.)
(A Development Stage Company)
Notes to Financial Statements
As of June 30, 1998



NOTE 1.  ORGANIZATION AND DESCRIPTION OF BUSINESS



American Home Alliance Corporation (the Company) was incorporated under the laws of the State of Delaware on January 20, 1987.  The Company has limited operations and in accordance with SFAS #7, the Company is considered a development stage company.  The Company is currently researching the possibility of acquiring or merging with an operating company.





NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a.  Basis of Accounting

The Company's financial statements are prepared using the accrual method of accounting.  The Company has elected a December 31, year-end.

b.  Basic Earnings per Share

In February 1997, the FASB issued SFAS No. 128, "Earnings Per Share", which specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.  SFAS No. 128 supersedes the provisions of APB No. 15, and requires the presentation of basic earnings (loss) per share and diluted earnings (loss) per share.  The Company has adopted the provisions of SFAS No. 128 effective January 20, 1987 (inception).



Basic earnings (loss) per share amounts are computed by dividing the net income (loss) by the weighted average number of common shares outstanding.  Diluted gain (loss) per common share has been calculated based on the weighted average number of shares of common and preferred stock outstanding during the period.



c.  Cash Equivalents



The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

F 4

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AMERICAN HOME ALLIANCE CORPORATION
(Formerly Ancona Group, Ltd.)
(A Development Stage Company)
Notes to Financial Statements
As of June 30, 1998



NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

d.  Income Taxes



Income taxes are provided in accordance with Statement of Financial Accounting Standards No. 109 (SFAS 109), Accounting for Income Taxes.  A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carryforwards.  Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.





NOTE 3.  WARRANTS AND OPTIONS

There are no warrants or options outstanding to acquire any additional shares of common.





NOTE 4.  GOING CONCERN



The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  The Company generated net losses of $2,772,157 during the period from January 20, 1987 (inception) to June 30, 1998.  This condition raises substantial doubt about the Company's ability to continue as a going concern. The Company's continuation as a going concern is dependent on its ability to meet its obligations, to obtain additional financing as may be required and ultimately to attain profitability.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Management plans to raise additional funds through debt or equity offerings.  There is no guarantee that the Company will be able to raise any capital through any type of offerings.

F 5

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AMERICAN HOME ALLIANCE CORPORATION
(Formerly Ancona Group, Ltd.)
(A Development Stage Company)
Notes to Financial Statements
As of June 30, 1998



NOTE 5.  RELATED PARTY TRANSACTION



The Company neither owns nor leases any real or personal property.  A director provides office services without charge.  Such costs are immaterial to the financial statements and accordingly, have not been reflected therein.  The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities as they become available, such persons may face a conflict in selecting between the Company and their other business interests.  The Company has not formulated a policy for the resolution of such conflicts.



As of June 30, 1998 the Company has a note payable due to International Credit Bureau, Inc. (a related party) in the amount of $91,656.  This is an unsecured loan with an interest rate of 3%.



NOTE 6.  INCOME TAXES



|                                | As of 
June 30, 1998
|------------------------------- | --------------------
|                                |                     
|Deferred tax assets:            |                     
|Net operating tax carryforwards | $ 942,533           
|Other                           | -0-                 
|                                |                     
|Gross deferred tax assets       | 942,533             
|Valuation allowance             | (942,533)           
|                                |                     
|Net deferred tax assets         | $    -0-            
|                                |                     
|                                |                     
|                                |                     

Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income.  As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.

F 6

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AMERICAN HOME ALLIANCE CORPORATION
(Formerly Ancona Group, Ltd.)
(A Development Stage Company)
Notes to Financial Statements
As of June 30, 1998



NOTE 7.  SCHEDULE OF NET OPERATING LOSSES





|1987 Through 1993 Net Operating Loss |  | $ (2,814,950)
|------------------------------------ |  | -------------
|1994 Net Operating Loss              |  | (39,352)     
|1995 Net Operating Loss              |  | 82,478       
|1996 Net Operating Loss              |  | (120)        
|1997 Net Operating Loss              |  | (120)        
|1998 Net Operating Loss (six months) |  | (93)         
|                                     |  |              
|Net Operating Loss                   |  | $ (2,772,157)
|                                     |  |              
|                                     |  |              
|                                     |  |              



As of June 30, 1998, the Company has a net operating loss carryforwards of approximately $2,772,157.  Net operating loss carryforward expires twenty years from the date the loss was incurred.





NOTE 8.  STOCK TRANSACTIONS



Transactions, other than employees' stock issuance, are in accordance with paragraph 8 of SFAS 123. Thus issuances shall be accounted for based on the fair value of the consideration received.  Transactions with employees' stock issuance are in accordance with paragraphs (16-44) of SFAS 123. These issuances shall be accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, or whichever is more readily determinable.



As of June 30, 1998 the Company had 3,707,500 shares of common stock issued and outstanding.





NOTE 9.  STOCKHOLDERS' EQUITY



The stockholders' equity section of the Company contains the following classes of capital stock as of June 30, 1998:



- Common stock, $ 0.01 par value: 50,000,000 shares authorized; 3,707,500 shares issued and outstanding.

F 7

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Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations



Company Background



The Company is a Delaware corporation and was originally named Imperial Group I, Ltd. ("the Company").  The Company was incorporated in the State of Delaware on January 20, 1987.  At the time of its formation, the Company sought to become a public shell and to acquire one or more operating businesses.  To this end, the Company conducted a self-underwritten public offering of $112,500 of its common stock commencing on September 18, 1987. Following the offering and through April 1991, the Company remained without any operations and was unsuccessful in acquiring any operating business.



























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Three Month Periods Ended June 30, 1998 and June 30, 1997





















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Six Month Periods Ended June 30, 1998 and June 30, 1997























Liquidity and Capital Resources













Item 2a.  Factors that May Affect Future Results







1.  Continued Operating Losses.



2.  Absence of Assets, Business, Operations & Extraordinary Uncertainties.  The Company has no meaningful assets, business or operations and there can be no assurance that the Company will regain or acquire any new assets in the future. While the Company may later search for other ventures, the ability of the Company to undertake any such future venture will likely be severely limited and there can be no assurance that the Company will ever acquire any other business venture or if such a venture is acquired, that any such venture can be acquired on any reasonable terms in light of the Company's current financial circumstances.



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3.  Lack of Business, No Equity, No Working Capital & Severe Need for Additional Financing.



4.  Auditor's Opinion:  Going Concern.  Except for the explanatory paragraph included in the firm's report on the financial statements for the year ended December 31, 1997, relating to the substantial doubt existing about the Company's ability to continue as a going concern, the audit report did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.



5.  Subordinate to Existing and Future Debt & Authorized But Unissued Common Stock.  All of the Common Stock is subordinate to the claims of the Company's existing and future creditors and any future holders of the Company's preferred stock.  The Company is authorized to issue up to 50,000,000 shares of the Company's common stock.  In the event that the Company issues additional shares of its common stock, there can be no assurance that the shares will be issued upon terms that are reasonable in light of the Company's current circumstances.



6.  Matter of Part-Time Management.  The Company has only one Director who serves only on a part-time basis.  Given the Company's lack of financial resources, there is little likelihood that the Director will be able to devote more than a limited amount of time to the Company and its business.  The lack of full-time management and the lack of any significant financial resources may severely limit the ability of the Company to take any action that may serve to benefit the Company or otherwise allow the Company to survive as an entity.



7.  Other Factors Cited in Form 10-KSB.  The Company faces many risks and uncertainties.  These also include those risks and uncertainties recited in the Company's most recent Form 10-KSB.  Any investor who purchases the Company's Common Stock should be prepared to lose their entire investment.



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PART II - OTHER INFORMATION (Unaudited)



|Item 1. | Legal Proceedings                                          
|------- | -----------------------------------------------------------
|        | None.                                                      
|        |                                                            
|Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds
|        | Not applicable.                                            
|        |                                                            
|Item 3. | Defaults Upon Senior Securities                            
|        | Not applicable.                                            
|        |                                                            
|Item 4. | Submission of Matters to a Vote of Security Holders        
|        | None.                                                      
|        |                                                            
|Item 5. | Other Information                                          
|        | Not applicable.                                            
|        |                                                            
|Item 6. | Exhibits and Reports on Form 8-K                           
|        |                                                            
|        | (a)  Exhibits                                              
|        |                                                            
|        |                                                            
|        |                                                            
|        |                                                            
|        |                                                            
|        | (b)  Reports on Form 8-K                                   
|        |                                                            



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SIGNATURE



Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.





|                     | Registrant:American Home Alliance Corporation                                            
|-------------------- | -----------------------------------------------------------------------------------------
|                     |                                                                                          
|Date:  June 26, 2006 |                                                                                          
|                     |                                                                                          
|                     | /s/ Lisa NormanLisa Norman
President, Chief Executive Officer and
Chief Financial Officer



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