UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-KSB

           ( X ) ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934.

                   FOR THE FISCAL YEAR ENDED DECEMBER 31, 2006

          ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934.

                         COMMISSION FILE NUMBER 0-52269

                            A.G. VOLNEY CENTER, INC.
                 (Name of small business issuer in its charter)

                Delaware                               13-4260316
                ---------                              ----------
      (State or other jurisdiction of               (I.R.S. Employer
       incorporation or organization)              Identification No.)

                             124 Lincoln Ave. South
                               Liverpool, NY 13088
                                 (315) 703-9012

           (Address and telephone number principal executive offices)

           Securities registered under Section 12 (b) of the Act: NONE

             Securities registered under Section 12 (g) of the Act:

                     COMMON STOCK, PAR VALUE $.001 PER SHARE
                                (Title of Class)

Check whether the issuer (1) filed all reports  required to be filed by Sections
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 or X No

Check if disclosure  of delinquent  filers in response to Item 405 of Regulation
S-B is not contained in this form, and no disclosure  will be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated  by reference  in Part III of this Form 10-KSB or any  amendment to
this Form 10-KSB. Yes or X No

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange act).

                                   Yes or X No

STATE ISSUER'S REVENUES FOR ITS MOST RECENT FISCAL YEAR:  $3,826

The Company  has no market  value for its stock,  as of December  31, 2006 there
were  1,100,000  shares of common  stock held by  non-affiliates,  valued at par
value of $.001 which equals $ 1,100.

Documents incorporated by reference: NONE

Transitional Small Business Disclosure Format:                    X Yes  or  No

<PAGE>


                                TABLE OF CONTENTS
                                     PART I
                                     ------

                                                                           Page
                                                                           ----
Item 1.     Description of Business                                          3

Item 2.     Description of Property                                          3

Item 3.     Legal Proceedings                                                4

Item 4.     Submission of matters to a vote of security holders              4

                                     PART II
                                   -----------

Item 5.     Market for Common Equity and Related Stockholders Matters
            and Small Business Issuer Purchases of Equity Securities         4

Item 6.     Management's Discussion and Analysis or Plan of Operation        4

Item 7.     Financial Statements



Item 8.     Changes in and Disagreements with Accountants                    8

Item 8A.    Controls and Procedures                                          8

Item 8B.    Other Information                                                8

                                    PART III
                                   -----------


Item 9.    Directors, Executive Officers, Promoters and Control
            Persons; Compliance with Section 16(a) of the Exchange Act.      8

Item 10.    Executive Compensation                                           9

Item 11.    Security Ownership of Certain Beneficial Owners and Management  10

Item 12.    Certain Relationships and Related Transactions                  10


                                     PART IV
                                   -----------

Item 13.    Exhibits and Reports on Form 8-K                                11
Item 14.    Principal Accountant Fees and Services                          11

Signatures

<PAGE>

FORWARD-LOOKING STATEMENTS

This Form 10-KSB  contains  forward-looking  statements  that involve  risks and
uncertainties.  You can identify these statements by the use of  forward-looking
words such as "May," "will," "expect," "anticipate,"  "estimate," "continue," or
other  similar  words.  You should  read  statements  that  contain  these words
carefully because they discuss our future  expectations,  contain projections of
our  future  results  of  operations  or  financial  condition  or  state  other
"forward-looking"  information.  We believe that it is important to  communicate
our future  expectations  to our  investors.  However there may be events in the
future that we are unable to accurately predict or control. Those events as well
as any cautionary  language in this  registration  statement provide examples of
risks,  uncertainties  and events  that may cause our  actual  results to differ
materially from the expectations we describe in our forward-looking  statements.
You should be aware that the  occurrence  of the events  described  in this Form
10-KSB could have a material adverse effect on our business,  operating  results
and financial condition. control, including, among others, seasonal aspects

GENERAL

A.G. Volney Center, Inc, a Delaware  corporation (the "Company" or A.G. Volney),
seeks to  become a  reporting  company  and is  filing  this  Form  10-KSB  on a
voluntary  basis.  The company intends to voluntarily file periodic reports even
if its  obligation  to file such reports is suspended  under the Exchange Act of
1934, as amended (the "Exchange Act").

                                     PART 1.

ITEM 1. DESCRIPTION OF BUSINESS.

A, G. Volney Center was incorporated  under the laws of the state of Delaware on
March 6, 1997 with the expectation it would enter into the vending business. The
intent was to operate machines that would dispense lottery tickets.  On April 7,
1997, the Company  resolved in a board meeting to change the name of the company
to A.G. Volney Center, Inc and restate the par value of it's shares. On the same
date, in a shareholders meeting the name change and par value were approved, but
the amendment was never filed.  On December 31, 1997, the Company's  Certificate
of  Incorporation  was suspended in Delaware for non-payment of franchise taxes.
The  Company  was  dormant,   until  July  18,  2003.  On  that  date,  Lottlink
Technologies, Inc. filed a renewal of the Articles of Incorporation in Delaware.
On  July  29,  2003,  the  Company  filed  its  amendment  of  its  Articles  of
Incorporation  to change  its name from  Lottlink  Technologies,  Inc.  to A. G.
Volney  Center,  Inc as approved in a shareholders  meeting  earlier on April 7,
1997.  A, G. Volney  Center was  reinstated  in the State of Delaware to develop
relationships  with companies which purchase factory overruns from manufacturers
and distressed merchandise from retailers at discounts. As a result, it is hoped
that these companies can offer us new high quality  products in quantity whereby
the  costs  to us is  substantially  discounted  (generally  around  30%  of the
standard  wholesale cost for the same product).  It is anticipated  that we will
primarily sell to retailers,  however,  we also intend to engage in retail sales
on a limited basis.

We are a development  stage company and are  continuing to develop our business.
We have purchased merchandise and continued to make sales.

Our primary business objective is to satisfy and fulfill the demand of retailers
for high quality  merchandise at below  wholesale  costs.  We will purchase new,
high quality items in quantity  whereby we can sell these items  immediately  to
retailers  for an amount  which  includes  a  substantial  profit to us. We will
maximize net profits by  minimizing  fixed  overhead such as salary and employee
benefits.

Distribution methods

We  anticipate  selling  nationwide,  but our initial focus will be in New York,
Pennsylvania, Connecticut and Vermont area.

We face  competition  from the  larger  and  more  established  companies,  from
companies  that develop new  technology,  as well as the many smaller  companies
throughout  the  country.  For  example,  the last  several  years have shown an
increase in the use of larger online sources such as Overstock.com and Ebay.com.
These  increases  cut into our  potential  customer  base.  Companies who have a
larger sales force, more money,  larger  manufacturing  capabilities and greater
ability to expand their markets also cut into our potential  customers.  Many of
our competitors have longer operating histories, significantly greater financial
strength,  nationwide  advertising  coverage and other  resources that we do not
have.  Our   competitors   might  introduce  less  expensive  or  more  improved
merchandise.  These, as well as other factors,  can impact  negatively on income
for the  Company.  The  competition  from larger  overstock  companies is a very
serious threat that can result in substantially less revenue.

Any  person or entity  may read and copy our  reports  with the  Securities  and
Exchange  Commission  at the SEC's Public  Reference  Room at 100 F Street N.E.,
Washington,  D.C. 20549.  The public may obtain  information on the operation of
the Public  Room by calling  the SEC toll free at  1-800-SEC-0330.  The SEC also
maintains an Internet  site at  http://www.sec.gov  where  reports,  proxies and
informational statements on public companies may be viewed by the public.

ITEM 2. DESCRIPTION OF PROPERTY.

At the  present  time we have no  property  The  Company  occupies  space at 124
Lincoln Ave. South Liverpool, NY 13098


                                       3
<PAGE>

ITEM 3: LEGAL PROCEEDINGS.

To the  knowledge  of  management,  there is no material  litigation  pending or
threatened against the company.

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

Not Applicable

                                     PART II

ITEM 5:  MARKET FOR COMMON  EQUITY AND  RELATED  STOCKHOLDER  MATTERS  AND SMALL
BUSINESS ISSUER PURCHASES OF EQUITY SECURITIES


As of  December  31,  2006,  we  had  11,300,000  shares  of  our  common  stock
outstanding.  There  were 16  shareholders  of  record  of our  common  stock at
December 31, 2006. Our transfer agent is Olde Monmouth Stock Transfer Company.

There is no public trading market for our company's  stock at this time. We have
neither paid or declared cash  distributions or dividends,  and we do not intend
to pay  cash  dividends  on our  common  stock  in the  foreseeable  future.  We
currently intend to retain all earnings,  if and when generated,  to finance our
operations.  The  declaration of cash dividends in the future will be determined
by the board of directors based upon our earnings,  financial condition, capital
requirements and other relevant factors.

ITEM 6. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATION

BASIS OF PRESENTATION

The following  discussion and analysis is based on our Financial  Statements for
the years ended  December  31,  2006 and 2005 of A.G.  Volney  Center  Inc.  All
insignificant  amounts have been eliminated.  In the opinion of management,  the
audited   financial   statements   presented   herein  reflect  all  adjustments
(consisting   only  of  normal   recurring   adjustments)   necessary  for  fair
presentation.  Interim results are not  necessarily  indicative of results to be
expected for the entire year.

We prepare our  financial  statements  in  accordance  with  generally  accepted
accounting  principles,   which  require  that  management  make  estimates  and
assumptions that affect reported amounts. Actual results could differ from these
estimates.

Certain of the statements contained below are forward-looking statements (rather
than historical  facts) that are subject to risks and  uncertainties  that could
cause actual results to differ materially from such forward-looking statements.

We have had only  limited  operations  since our  renewal in July 2003.  We have
limited  assets of $ 6,930 as of December 31, 2005 and $4,992 as of December 31,
2006  most of which is cash  from the  proceeds  of common  stock  issuances  to
shareholders.

YEAR ENDED DECEMBER 31, 2006 COMPARED TO YEAR ENDED DECEMBER 31, 2005

REVENUES

Our  total  revenue  increased  by $ 3,826.  Total  revenue  for the year  ended
December  31, 2006 was $ 3,826,  compared to $ 0 in the year ended  December 31,
2005.  There  were no  previous  sales of  merchandise  to compare in 2005 for a
percentage  of  increase.   This  increase  was  attributable  to  the  sale  of
merchandise held in inventory.  The sold merchandise  consisted of various types
of overstock merchandise, including candles purchased on the internet.

COSTS OF SALES

Our overall cost of sales increased by $ 3,118. Total cost of sales for the year
ended  December 31, 2006 was $ 3,118  compared to $ 0 in the year ended December
31, 2005.  There were no previous  sales costs of merchandise to compare in 2005
for a percentage of increase. This increase in cost of sales was a direct effect
of the sale of goods held in inventory,  for a revenue to the company, which was
not previously conducted in the 2005.

OPERATION AND ADMINISTRATIVE EXPENSES

Operating Expenses increased by $ 15,200 or approximately  6,580 % more than the
same period in 2005. This increase was primarily Professional Fees. Professional
fees  increased  by $  14,467  over  2005.  These  are  fees we pay  accountants
throughout  the year for  performing  various  tasks.  Outside  service  expense
increased by $ 211. General and  Administrative  expenses,  made up primarily of
Office expense and Postage and Delivery  expense,  increased by $ 522 over 2005.
The bulk of the expense in 2006 was used for accounting services.


                                       4
<PAGE>

GOING CONCERN QUALIFICATION

In their  Independent  Auditor's  Report for the fiscal year ending December 31,
2006,  Robison,  Hill & Co. states that we have incurred annual losses since the
inception of the Company raising substantial doubt about our ability to continue
as a going concern

LIQUIDITY AND CAPITAL RESOURCES

CASH FLOW

Our primary  sources of  liquidity  have been cash from the sale of common stock
and borrowing  from a  shareholder.  The company has generated  $10,000 from the
sale of common stock . As of December 31, 2006, we have a note payable to Joseph
C. Passalaqua,  shareholder, in the amount $50. This is a 10% per annum interest
bearing note and is payable February 19, 2007 or upon demand.

RISKS ASSOCIATED WITH OUR BUSINESS

In addition to the other information in this report,  the following risks should
be considered carefully in evaluating our business and prospects:

WE MAY HAVE TO DISCONTINUE OPERATIONS.

If we are unable to achieve or sustain  profitability,  or if  operating  losses
increase  in the future,  we may not be able to remain a viable  company and may
have to  discontinue  operations.  Our expenses have  historically  exceeded our
revenues  and we have had losses in all  fiscal  years of  operation,  including
those in fiscal  years  2005  through  2006,  and the losses  are  projected  to
continue in 2007.  Our net losses  were $412 and $14,983 for fiscal  years ended
2005, 2006,  respectively.  We have been concentrating on the development of our
products,  services and  business  plan.  There is no assurance  that we will be
successful in  implementing  our business plan or that we will be profitable now
or in the future.

WE MAY NOT SUCCEED OR BECOME PROFITABLE.

We will need to generate  significant  revenues to achieve  profitability and we
may be unable to do so. Even if we do achieve profitability,  we may not be able
to sustain or increase  profitability in the future. We expect that our expenses
will continue to increase and there is no guarantee  that we will not experience
operating  losses and negative cash flow from operations for this fiscal year or
for the foreseeable future. If we do not achieve or sustain profitability,  then
we may be unable to continue our operations.

WE WILL NEED ADDITIONAL CAPITAL FINANCING IN THE FUTURE.

We may be  required  to seek  additional  financing  in the future to respond to
increased  expenses or shortfalls in anticipated  revenues,  accelerate  product
development and deployment, respond to competitive pressures, and develop new or
enhanced products.  We cannot be certain we will be able to find such additional
financing on reasonable  terms, or at all. If we are unable to obtain additional
financing  when  needed,  we could be  required to modify our  business  plan in
accordance with the extent of available financing.

IF WE ENGAGE IN ACQUISITIONS, WE MAY EXPERIENCE SIGNIFICANT COSTS AND DIFFICULTY
ASSIMILATING THE OPERATIONS OR PERSONNEL OF THE ACQUIRED COMPANIES,  WHICH COULD
THREATEN OUR FUTURE GROWTH.

If  we  make  any  acquisitions,  we  could  have  difficulty  assimilating  the
operations,  technologies  and  products  acquired or  integrating  or retaining
personnel of acquired companies. In addition,  acquisitions may involve entering
markets in which we have no or limited direct prior  experience.  The occurrence
of any one or more of these factors could disrupt our ongoing business, distract
our  management and employees and increase our expenses.  In addition,  pursuing
acquisition  opportunities  could  divert our  management's  attention  from our
ongoing  business  operations  and result in  decreased  operating  performance.
Moreover, our profitability may suffer because of  acquisition-related  costs or
amortization of acquired goodwill and other intangible assets.  Furthermore,  we
may have to incur debt or issue equity  securities in future  acquisitions.  The
issuance of equity securities would dilute our existing stockholders.

IF  WE  CANNOT  ATTRACT,  RETAIN,  MOTIVATE  AND  INTEGRATE  ADDITIONAL  SKILLED
PERSONNEL, OUR ABILITY TO COMPETE WILL BE IMPAIRED.

Many of our current and potential  competitors  have more  employees than we do.
Our success depends in large part on our ability to attract, retain and motivate
highly qualified management and technical personnel. We face intense competition
for  qualified  personnel.  The industry in which we compete has a high level of
employee  mobility and  aggressive  recruiting of skilled  personnel.  If we are
unable  to  continue  to employ  our key  personnel  or to  attract  and  retain
qualified  personnel  in the  future,  our ability to  successfully  execute our
business plan will be jeopardized and our growth will be inhibited.

BECAUSE OUR OFFICERS AND DIRECTORS ARE INDEMNIFIED  AGAINST  CERTAIN LOSSES,  WE
MAY BE EXPOSED TO COSTS ASSOCIATED WITH LITIGATION.

If our  directors  or  officers  become  exposed  to  liabilities  invoking  the
indemnification  provisions,  we could be exposed to additional  un-reimbursable


                                       5
<PAGE>

costs,  including legal fees. Our bylaws provide that our directors and officers
will not be liable to us or to any  shareholder and will be indemnified and held
harmless  for any  consequences  of any act or  omission  by the  directors  and
officers  unless the act or omission  constitutes  gross  negligence  or willful
misconduct.  Extended or  protracted  litigation  could have a material  adverse
effect on our cash flow.

OUR STOCK PRICE MAY BE VOLATILE.

The market  price of our common  stock will likely  fluctuate  significantly  in
response to the following factors, some of which are beyond our control:

o Variations in our quarterly operating results;

o Changes in  financial  estimates  of our  revenues  and  operating  results by
securities analysts;

o  Announcements  by  us  of  significant  contracts,  acquisitions,   strategic
partnerships, joint ventures or capital commitments;

o Additions or departures of key personnel;

o Future sales of our common stock;

o Stock  market  price and  volume  fluctuations  attributable  to  inconsistent
trading volume levels of our stock;

o Commencement of or involvement in litigation.

In  addition,   the  equity  markets  have   experienced   volatility  that  has
particularly affected the market prices of equity securities issued by wholesale
companies and that often has been unrelated or disproportionate to the operating
results of those companies. These broad market fluctuations may adversely affect
the market price of our common stock.

WE DO NOT ANTICIPATE PAYING ANY DIVIDENDS ON OUR COMMON STOCK.

We have not paid any  dividends on our Common Stock since  inception  and do not
anticipate  paying any dividends on our Common Stock in the foreseeable  future.
Instead,  we intend to retain any future  earnings for use in the  operation and
expansion of our business.

IF WE ARE SUBJECT TO SEC REGULATIONS  RELATING TO LOW-PRICED  STOCKS, THE MARKET
FOR OUR COMMON STOCK COULD BE ADVERSELY AFFECTED.

The  Securities  and  Exchange  Commission  has adopted  regulations  concerning
low-priced (or "penny") stocks.  The regulations  generally define "penny stock"
to be any  equity  security  that has a market  price less than $5.00 per share,
subject to certain  exceptions.  Our stock is  currently  classified  as a penny
stock.

The penny stock  regulations  require that  broker-dealers,  who recommend penny
stocks to persons other than institutional  accredited  investors make a special
suitability  determination  for the purchaser,  receive the purchaser's  written
agreement to the  transaction  prior to the sale and provide the purchaser  with
risk disclosure documents that identify risks associated with investing in penny
stocks.   Furthermore,   the  broker-dealer  must  obtain  a  signed  and  dated
acknowledgment from the purchaser  demonstrating that the purchaser has actually
received the required risk disclosure document before effecting a transaction in
penny stock. These requirements have historically resulted in reducing the level
of trading activity in securities that become subject to the penny stock rules.

The  additional  burdens  imposed  upon  broker-dealers  by  these  penny  stock
requirements may discourage  broker-dealers  from effecting  transactions in the
common  stock,  which could  severely  limit the market  liquidity of our common
stock and our  shareholders'  ability to sell our common stock in the  secondary
market.

WE WILL ENCOUNTER SUBSTANTIAL COMPETITION

The discount market for wholesale and retail  merchandise is highly  competitive
and  involves a high  degree of risk and there is no  assurance  that we will be
able to operate profitably. In the retail segment of our business, which will be
minimal, we will experience substantial  competition with other entities such as
Dollar Discounts,  All-A-Dollar,  Dollar General and Discount Houses in the sale
and  marketing of  merchandise  all of which have greater name  recognition  and
experience.



                                       6
<PAGE>


ITEM 7.  FINANCIAL STATEMENTS


















                            A.G. VOLNEY CENTER, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                                       -:-

                INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS' REPORT


                           DECEMBER 31, 2006 AND 2005























                                    CONTENTS


                                                                            Page

Report of Independent Registered Public Accountants..........................F-1

Balance Sheet
December 31, 2006 and 2005...................................................F-3


Statements of Operations
For the years ended December 31, 2006 and 2005 and for the cumulative period
from March 6, 1997 (inception) to December 31, 2006..........................F-4

Statement of Stockholders' Equity
Since March 6, 1997 (inception) to December 31, 2006.........................F-5

Statements of Cash Flows
For the years ended December 31, 2006 and 2005 and the cumulative period
from March 6, 1997 (inception)  to December 31, 2006.........................F-6

Notes to Financial Statements................................................F-7


<PAGE>





--------------------------------------------------------------------------------

ROBISON, HILL & CO.                                 CERTIFIED PUBLIC ACCOUNTANTS
A PROFESSIONAL CORPORATION
                                                    BRENT M. DAVIES, CPA
                                                    DAVID O. SEAL, CPA
                                                    W. DALE WESTENSKOW, CPA
                                                    BARRY D. LOVELESS, CPA
                                                    STEPHEN M. HALLEY, CPA

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS

A.G. Volney Center, Inc.
(A Development Stage Company)

We have audited the accompanying  balance sheets of A.G. Volney Center,  Inc. (a
development  stage  company) as of December 31, 2006,  and 2005, and the related
statements of operations,  and cash flows for the years ended December 31, 2006,
and 2005,  and the  cumulative  since March 6, 1997  (inception) to December 31,
2006, and the statement of stockholder's  equity since March 6, 1997 (inception)
to December 31, 2006. These financial  statements are the  responsibility of the
Company's  management.  Our  responsibility  is to  express  an opinion on these
financial statements based on our audit.

We conducted our audits in accordance  with the standards of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements  are free of material  misstatement.  The Company is not  required to
have,  nor were we engaged to perform,  an audit of its  internal  control  over
financial reporting.  Our audit included  consideration of internal control over
financial  reporting  as  a  basis  for  designing  audit  procedures  that  are
appropriate  in the  circumstances,  but not for the  purpose of  expressing  an
opinion on the  effectiveness  of the company's  internal control over financial
reporting.  Accordingly,  we express  no such  opinion.  An audit also  includes
examining,  on a test basis,  evidence supporting the amounts and disclosures in
the  financial   statements,   assessing  the  accounting  principles  used  and
significant  estimates  made by  management,  as well as evaluating  the overall
financial  statement  presentation.   We  believe  that  our  audits  provide  a
reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material  respects,  the financial  position of A.G. Volney Center,  Inc. (a
development  stage company) as of December 31, 2006, and 2005 and the results of
its  operations  and its cash flows for the years ended  December 31, 2006,  and
2005 and the cumulative since March 6, 1997 (inception) to December 31, 2006, in
conformity with accounting principles generally accepted in the United States of
America.




                                     F - 1
<PAGE>

The accompanying  consolidated  financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed in Note 1 to the
financial statements,  the Company has suffered recurring losses, an accumulated
deficit,  and has  minimal  revenues,  that raise  substantial  doubt  about its
ability to continue as a going  concern.  Management's  plans in regard to these
matters are also  described in Note 1. The  financial  statements do not include
any adjustments that might result from the outcome of this uncertainty


                                                    /s/ Robison, Hill & Co
                                                    Certified Public Accountants
Salt Lake City, Utah
March 30, 2007




















                                     F - 2
<PAGE>


              AG VOLNEY CENTER, INC.
           (A Development Stage Company)
                  BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                FOR THE YEAR ENDED
                                                                   DECEMBER 31,
                                                            2006                   2005
                                                      -----------------    ---------------
ASSETS
  Current Assets:
<S>                                                            <C>                <C>
    Cash                                                       $ 3,825            $ 5,304
    Inventory (at lower of FIFO cost or market)                  1,167              1,626
                                                      -----------------    ---------------

  Total Current Assets                                         $ 4,992            $ 6,930
                                                      =================    ===============


LIABILITIES & EQUITY
  Current Liabilites:
    Accounts Payable                                          $ 12,000                $ -
    Sales Tax Payable                                               38                  -
    Shareholder Loan                                                50                 50
    Interest Payable                                                16                  9
                                                      -----------------    ---------------

  Total Current Liabilities                                     12,104                 59
                                                      -----------------    ---------------

  Total Liabilities                                             12,104                 59
                                                      -----------------    ---------------

  Stockholder's Equity
    Common Stock- $.001 par value; 25,000,000
      shares authorized; 14,300,000 and 14,200,000
      shares outstanding as of December 31, 2006 and
      December 31, 2005 respectively                            14,300             14,200
    Additional Paid-In Capital                                   9,000              8,100
    Deficit Accumulated During the Development Stage           (30,412)           (15,429)
                                                      -----------------    ---------------

  Total Stockholder's Equity                                    (7,112)             6,871
                                                      -----------------    ---------------

TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY                     $ 4,992            $ 6,930
                                                      =================    ===============
</TABLE>

    The accompanying notes are an integral part of these financial statements


                                     F - 3
<PAGE>


                            A.G. VOLNEY CENTER, INC.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                                                                   CUMULATIVE
                                                             FOR THE YEAR                            SINCE
                                                                ENDED                                MARCH 6,
                                                             DECEMBER 31,                             1997
                                                    2006                     2005                 (INCEPTION)
                                            ---------------------    ---------------------    ---------------------
Revenues:
<S>                                                      <C>                          <C>                  <C>
Sales Revenue                                            $ 3,826                      $ -                  $ 3,826
Less: Cost of Goods Sold                                  (3,118)                       -                   (3,118)
                                            ---------------------    ---------------------    ---------------------
Gross Profit                                                 708                        -                      708
                                            ---------------------    ---------------------    ---------------------

EXPENSES:
General and Administrative                                   604                       82                      922
Professional Fees                                         14,467                        -                   15,967
Organizational Costs                                           -                        -                   13,300
Outside Services                                             360                      149                      658
                                            ---------------------    ---------------------    ---------------------
Total Expenses                                            15,431                      231                   30,847
                                            ---------------------    ---------------------    ---------------------

Operating Income (loss)                                  (14,723)                    (231)                 (30,139)
                                            =====================    =====================    =====================

Other (Expense) Income
Interest, Net                                                  -                       (5)                     300
                                            ---------------------    ---------------------    ---------------------

Net Loss Before Taxes                                    (14,723)                    (236)                 (29,839)
                                            ---------------------    ---------------------    ---------------------

Franchise Tax                                               (260)                    (176)                    (573)

                                            ---------------------    ---------------------    ---------------------
Net Income (Loss)                                      $ (14,983)                  $ (412)               $ (30,412)
                                            =====================    =====================    =====================

Basic & Diluted Loss per Share                               $ -                      $ -
                                            =====================    =====================

Weighted Average Shares
Outstanding                                           14,287,950               14,036,000
                                            =====================    =====================
</TABLE>


    The accompanying notes are an integral part of these financial statements



                                     F - 4
<PAGE>

                            A. G. VOLNEY CENTER, INC.
                          (A Development Stage Company)
                        STATEMENT OF STOCKHOLDERS' EQUITY

<TABLE>
<CAPTION>
                                                                                              Deficit
                                                                                            ACCUMULATED
                                                                                               SINCE
                                                                                              MARCH 6,
                                                   COMMON STOCK            PAID IN             1997
                                              SHARES         PAR VALUE     CAPITAL          (INCEPTION)
                                           -------------  -----------------------------   ----------------
<S>                                            <C>          <C>                 <C>                <C>
Balance at March 6, 1997 (Inception)              1,210        $ 12,100            $ -                $ -

Net Loss                                              -               -              -            (12,100)
                                           -------------  --------------  -------------   ----------------

Balance at December 31, 1997                      1,210          12,100              -            (12,100)
                                           -------------  --------------  -------------   ----------------

Balance at December 31, 2002
 as originally reported                           1,210          12,100              -            (12,100)

July 29, 2003 10,000:1 Forward Stock Split   12,098,790               -              -                  -

                                           -------------  --------------  -------------   ----------------
Restated Balance at December 31, 2002        12,100,000               -              -                  -

Stock issued for Services July 31, 2003       1,200,000           1,200              -                  -

Net Loss                                              -               -              -             (1,200)
                                           -------------  --------------  -------------   ----------------

Balance at December 31, 2003                 13,300,000          13,300              -            (13,300)

Stock issued for Cash, February 26, 2004        100,000             100            900                  -

Stock issued for Cash, March 02, 2004           500,000             500          4,500                  -

Stock issued for Cash, March 12, 2004           100,000             100            900                  -

Net Loss                                              -               -              -             (1,717)
                                           -------------  --------------  -------------   ----------------

Balance at December 31, 2004                 14,000,000          14,000          6,300            (15,017)

Stock issued for Cash, October 23, 2005         100,000             100            900                  -

Stock issued for Cash, October 31, 2005         100,000             100            900                  -

Net Loss                                              -               -              -               (412)
                                           -------------  --------------  -------------   ----------------

Balance at December 31, 2005                 14,200,000          14,200          8,100            (15,429)

Stock issued for Cash, February 13, 2006        100,000             100            900                  -

Net Loss                                              -               -              -            (14,983)
                                           -------------  --------------  -------------   ----------------

Balance at December 31, 2006                 14,300,000        $ 14,300        $ 9,000          $ (30,412)
                                           =============  ==============  =============   ================
</TABLE>

    The accompanying notes are an integral part of these financial statements




                                     F - 5
<PAGE>

                            A.G. VOLNEY CENTER, INC.
                          (A Development Stage Company)
                             STATEMENT OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                                           CUMULATIVE
                                                                                                              SINCE
                                                                    FOR THE YEAR ENDED                      MARCH 6,
                                                                        DECEMBER 31,                          1997
                                                               2006                    2005                (INCEPTION)
                                                       ---------------------   ---------------------   --------------------
CASH FLOWS FROM OPERATING
ACTIVITIES:
<S>                                                           <C>                        <C>                 <C>
Net Loss                                                          $ (14,983)                 $ (412)             $ (30,412)
Stock Issued for Orginizational Costs                                     -                       -                 13,300
(Increase) Decrease in Accounts Receivable                                -                       -                      -
(Increase) Decrease in Inventory                                        460                  (1,626)                (1,167)
Increase (Decrease) in Accounts Payable                              12,000                       -                 12,000
Increase (Decrease) in Sales Tax Payable                                 38                       -                     38
Increase (Decrease) in Accrued Interest                                   6                       4                     16
                                                       ---------------------   ---------------------   --------------------
Net Cash Used in Operating Activities                                (2,479)                 (2,034)                (6,225)
                                                       ---------------------   ---------------------   --------------------

CASH FLOWS FROM INVESTING
ACTIVITIES
Net Cash Provided by Investing Activities                                 -                       -                      -
                                                       ---------------------   ---------------------   --------------------

CASH FLOWS FROM FINANCING
ACTIVITIES:
Common Stock Issued for Cash                                          1,000                   2,000                 10,000
Proceeds from  Shareholder Loan                                           -                       -                     50
                                                       ---------------------   ---------------------   --------------------
Net Cash Provided by Financing Activities                             1,000                   2,000                 10,050
                                                       ---------------------   ---------------------   --------------------

Net (Decrease) Increase in
  Cash and Cash Equivalents                                          (1,479)                    (34)                 3,825
Cash and Cash Equivalents
  at Beginning of Period                                              5,304                   5,338                      -
                                                       ---------------------   ---------------------   --------------------
Cash and Cash Equivalents
  at End of Period                                                  $ 3,825                 $ 5,304                $ 3,825
                                                       =====================   =====================   ====================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
Interest                                                                $ -                     $ -                    $ -
Franchise Taxes                                                      $ (260)                 $ (176)                $ (573)

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Stock Issued for Services                                               $ -                     $ -               $ 13,300
</TABLE>

    The accompanying notes are an integral part of these financial statements




                                     F - 6
<PAGE>

                            A.G. VOLNEY CENTER, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of accounting  policies for A.G. Volney Center, Inc. (a development
stage company) is presented to assist in understanding  the Company's  financial
statements.  The accounting  policies conform to generally  accepted  accounting
principles  and  have  been  consistently  applied  in  the  preparation  of the
financial statements.

Nature of Operations and Going Concern

The  accompanying  financial  statements  have  been  prepared  on the  basis of
accounting principles  applicable to a "going concern",  which assume that A. G.
Volney  Center,  Inc.  (hereto  referred to as the  "Company")  will continue in
operation  for at least  one year and will be able to  realize  its  assets  and
discharge its liabilities in the normal course of operations.

Several conditions and events cast doubt about the Company's ability to continue
as a "going  concern."  The Company  has  incurred  net losses of  approximately
$30,412 for the period from March 6, 1997  (inception) to December 31, 2006, has
an accumulated  deficit, has recurring losses, has minimal revenues and requires
additional  financing in order to finance its business  activities on an ongoing
basis. The Company's future capital requirements will depend on numerous factors
including,  but not limited to, continued progress in finding a merger candidate
and the pursuit of  business  opportunities.  The  Company is actively  pursuing
alternative  financing  and has had  discussions  with  various  third  parties,
although no firm commitments have been obtained. In the interim, shareholders of
the Company have committed to meeting its minimal operating expenses. Management
believes that actions  presently  being taken to revise the Company's  operating
and financial  requirements  provide them with the  opportunity to continue as a
"going concern"

These financial statements do not reflect adjustments that would be necessary if
the  Company  were unable to continue  as a "going  concern".  While  management
believes that the actions  already  taken or planned,  will mitigate the adverse
conditions  and  events  which  raise  doubt  about the  validity  of the "going
concern" assumption used in preparing these financial  statements,  there can be
no assurance that these actions will be  successful.  If the Company were unable
to  continue  as a  "going  concern,"  then  substantial  adjustments  would  be
necessary  to the  carrying  values  of  assets,  the  reported  amounts  of its
liabilities,   the  reported  revenues  and  expenses,  and  the  balance  sheet
classifications used.





                                     F - 7
<PAGE>

                            A.G. VOLNEY CENTER, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Organization and Basis of Presentation

The Company was incorporated under the laws of the State of Delaware on March 6,
1997 under the name Lottlink Technologies, Inc. On July 29, 2003 the Articles of
Incorporation  were amended to change the Company's name to A.G.  Volney Center,
Inc.  The  Company  is to serve as a vehicle  to effect a  merger,  exchange  of
capital stock, asset acquisition,  or other business combination with a domestic
or  foreign  private  business.  Since  March 6,  1997,  the  Company  is in the
development  stage,  and has not commenced  planned  principal  operations.  The
Company has a December 31 year end.

Nature of Business

The Company was formed for the purpose of acquiring  products from manufacturers
(factory  overruns)  and retailers  (overstocks)  and marketing the lower priced
merchandise to the retail public and wholesalers.  It is anticipated that we can
sell the products at a substantial  discount below wholesale  prices for similar
products.

Our principal executive offices are located at 124 Lincoln Ave. South Liverpool,
NY 13088. Our telephone number is (315) 703-9012.

Cash and Cash Equivalents

For purposes of the  statement of cash flows,  the Company  considers all highly
liquid debt instruments  purchased with a maturity of three months or less to be
cash  equivalents  to the  extent  the funds are not being  held for  investment
purposes.















                                     F - 8
<PAGE>

                            A.G. VOLNEY CENTER, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Revenue Recognition

The Company generates revenues by selling products purchased at a discount.  The
Company  recognizes  revenues in  accordance  with the  Securities  and Exchange
Commission Staff Accounting  Bulletin (SAB) number 104,  "Revenue  Recognition."
SAB 104 clarifies  application of U. S. generally accepted accounting principles
to revenue  transactions.  The  Company  recognizes  revenue  when the  earnings
process is complete. That is, when the arrangements of the goods are documented,
the pricing becomes final and collectibility is reasonably assured. An allowance
for bad debt is provided  based on  estimated  losses.  For revenue  received in
advance for goods, the Company records a current liability  classified as either
deferred  revenue or customer  deposits.  As of the year ended December 31, 2006
and 2005, there was no deferred revenue.

Allowance for Doubtful Accounts

The Company  recognizes  an allowance for doubtful  accounts to ensure  accounts
receivable  are not overstated  due to  uncollectibility.  Bad debt reserves are
maintained for all customers based on a variety of factors, including the length
of time the receivables are past due, significant one-time events and historical
experience.  An additional reserve for individual  accounts is recorded when the
Company  becomes  aware  of  a  customer's   inability  to  meet  its  financial
obligation,  such as in the case of bankruptcy  filings or  deterioration in the
customer's operating results or financial position.  If circumstances related to
customers  change,  estimates  of the  recoverability  of  receivables  would be
further  adjusted.  As of December 31, 2006 and 2005, the Company has determined
an allowance for doubtful accounts is not necessary.

Concentration of Credit Risk

The Company has no significant  off-balance-sheet  concentrations of credit risk
such as foreign exchange  contracts,  options contracts or other foreign hedging
arrangements.









                                     F - 9
<PAGE>

                            A.G. VOLNEY CENTER, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Pervasiveness of Estimates

The preparation of financial  statements in conformity  with generally  accepted
accounting principles required 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.


Inventories

Inventories are valued at the lower of cost or market, with cost determined on a
first-in,  first-out  basis  and  market  based  upon  the  replacement  cost or
realizable value. Inventories consisted of the following amounts.


                                   December 31,
                              2006             2005
                            -------          -------
Candles                     $ 1,167          $ 1,626
                            -------          -------
Total                       $ 1,167          $ 1,626
                            =======          =======


Loss per Share

Basic  loss  per  share  has been  computed  by  dividing  the loss for the year
applicable to the common  stockholders' by the weighted average number of common
shares  outstanding  during the years.  There were no common  equivalent  shares
outstanding at December 31, 2006 and 2005.




                                     F - 10
<PAGE>

                            A.G. VOLNEY CENTER, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Financial Instruments

The Company's financial assets and liabilities consist of cash,  inventory,  and
accounts payable. Except as otherwise noted, it is management's opinion that the
Company is not exposed to  significant  interest or credit  risks  arising  from
these  financial  instruments.  The fair values of these  financial  instruments
approximate  their  carrying  values due to the  sort-term  maturities  of these
instruments.

Income Taxes

The Company  accounts  for income  taxes under the  provisions  of SFAS  No.109,
"Accounting  for Income  Taxes." SFAS No.109  requires  recognition  of deferred
income  tax  assets  and   liabilities   for  the  expected  future  income  tax
consequences,  based on enacted tax laws, of temporary  differences  between the
financial reporting and tax bases of assets and liabilities.

Reclassification

Certain  reclassifications  have been made in the 2005  financial  statements to
conform to the December 31, 2006 presentation

Stock-Based Compensation

Effective June 1, 2006,  the company  adopted the provisions of SFAS No. 123 (R)
requiring  employee  equity  awards to be  accounted  for  under the fair  value
method.  Accordingly,  share-based compensation is measured at grant date, based
on the fair value of the award. Prior to June 1, 2006, the company accounted for
awards granted to employees under its equity incentive plans under the intrinsic
value method  prescribed  by Accounting  Principles  Board (APB) Opinion No. 25,
"Accounting   for  Stock   Issued  to   Employees"   (APB   25),   and   related
interpretations,  and provided the required pro forma disclosures  prescribed by
SFAS No. 123,  "Accounting  for  Stock-Based  Compensation"  (SFAS No. 123),  as
amended.  No stock  options  were  granted to  employees  during the years ended
December  31,  2006,  and 2005 and  accordingly,  no  compensation  expense  was
recognized  under APB No. 25 for the years ended December 31, 2006, and 2005. In
addition,  no compensation expense is required to be recognized under provisions
of SFAS No. 123 (R) with respect to employees.






                                     F - 11
<PAGE>

                            A.G. VOLNEY CENTER, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Stock-Based Compensation (Continued)

Under the  modified  prospective  method of adoption  for SFAS No. 123 (R),  the
compensation  cost recognized by the company  beginning on June 1, 2006 includes
(a) compensation  cost for all equity incentive awards granted prior to, but not
vested as of June 1, 2006,  based on the  grant-dated  fair value  estimated  in
accordance  with the original  provisions of SFAS No. 123, and (b)  compensation
cost for all equity incentive  awards granted  subsequent to June 1, 2006, based
on the grant-date fair value estimated in accordance with the provisions of SFAS
No, 123 (R). The company uses the straight-line  attribution method to recognize
share-based  compensation  costs  over the  service  period of the  award.  Upon
exercise,  cancellation  , forfeiture,  or expiration of stock options,  or upon
vesting or forfeiture of restricted stock units, deferred tax assets for options
and restricted  stock units with multiple  vesting dates are eliminated for each
vesting  period on a first-in,  first-out  basis as if each vesting period was a
separate  award.  To  calculate  the excess tax  benefits  available  for use in
offsetting future tax shortfalls as of the dated of implementation,  the company
followed the alternative  transition method discussed in FASB Staff Position No.
123 (R)-3. During the periods ended December 31, 2006 and 2005, no stock options
were granted to non-employees.  Accordingly, no stock-based compensation expense
was  recognized  for new stock option grants in the Statement of Operations  and
Comprehensive Loss at December 31, 2006 and 2005.

Recent Accounting Standards

In February  2006, The FASB issued SFAS No. 155  "Accounting  for Certain Hybrid
Financial  Instruments - an amendment of FASB  Statements No. 133 and 140." This
statement  amends FASB 133,  Accounting for Derivative  Instruments  and Hedging
Activities and Statement and No. 140,  Accounting for Transfers and Servicing of
Financial Assets and Extinguishments of Liabilities.  The statement permits fair
value  remeasurement  for any  hybrid  financial  instrument  that  contains  an
embedded  derivative that would otherwise require  bifurcation,  clarifies which
interest  only  strips and  principal  are not  subject to the  requirements  of
Statement  133,  establishes a requirement  to evaluate  interest in securitized
financial  assets,  clarifies that  concentrations of credit risk in the form of
subordination are not embedded derivatives and amends statement 140 to eliminate
the prohibition on a qualifying special-purpose entity from holding a derivative
financial  instrument  to a beneficial  interest  other than another  derivative
financial  instrument.  The  statement is effective  for fiscal years  beginning
after September 15, 2006.  Management does not expect this statement to have any
material effect on its financial statements.


                                     F - 12
<PAGE>

                            A.G. VOLNEY CENTER, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Recent Accounting Standards (Continued)

In March  2006 the FASB  issued  SFAS No.  156 "  Accounting  for  Servicing  of
Financial  Instruments - an amendment of FASB No.140,  Accounting  for Transfers
and Servicing of Financial  Instruments and Extinguishments of Liabilities.  The
statement  requires  an entity  to  recognize  a  servicing  asset or  servicing
liability  each time it undertakes an obligation to service an asset by entering
into a servicing contract,  requires all separately  recognized servicing assets
and servicing liabilities to be initially measured at fair market value, permits
an  entity  to choose  either  the  amortization  method  or fair  market  value
measurement  method  for  subsequent  measurement  periods  for  each  class  of
separately  recognized  servicing  assets and servicing  liabilities,  permits a
one-time reclassification of available-for-sale securities to trading securities
by  entities  with  recognized  servicing  rights at its initial  adoption,  and
requires  separate  presentation of servicing  assets and servicing  liabilities
subsequently measured at fair value. The statement is effective for fiscal years
beginning after September 15, 2006. Management does not expect this statement to
have any material effect on its financial statements

In June,  2006 the FASB issued FIN 48,  "Accounting  for  Uncertainty  in Income
Taxes--an  interpretation  of  FASB  Statement  No.  109".  This  Interpretation
clarifies,  among other things,  the accounting for  uncertainty in income taxes
recognized in an  enterprise's  financial  statements  in  accordance  with FASB
Statement No. 109, Accounting for Income Taxes. This Interpretation prescribes a
recognition  threshold and  measurement  attribute  for the financial  statement
recognition and measurement of a tax position taken or expected to be taken in a
tax  return.  This  Interpretation  also  provides  guidance  on  derecognition,
classification,   interest  and  penalties,   accounting  in  interim   periods,
disclosure,  and  transition  is  effective  for fiscal  years  beginning  after
December 15, 2006.  Earlier  application is encouraged if the enterprise has not
yet issued financial statements,  including interim financial statements, in the
period the  Interpretation  is adopted.  FIN 48,  Accounting for  Uncertainty in
Income  Taxes--an  interpretation  of FASB  Statement  No. 109, is effective for
fiscal  years  beginning  after  December  15,  2006.  Earlier   application  is
encouraged if the enterprise has not yet issued financial statements,  including
interim  financial  statements,  in the period the  Interpretation  is  adopted.
Management is evaluating the financial impact of this pronouncement.






                                     F - 13
<PAGE>

                            A. G. VOLNEY CENTER, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Continued)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Recent Accounting Standards (Continued)

In  September  2006,  the FASB issued SFAS No. 157,  "Accounting  for Fair Value
Measurements."  SFAS No. 157 defines fair value, and establishes a framework for
measuring   fair  value  in  generally   accepted   accounting   principles  and
expandsdisclosure  about fair value measurements.  SFAS No. 157 is effective for
the Company for financial statements issued subsequent to November 15, 2007. The
Company  does not expect the new  standard  to have any  material  impact on the
financial position and results of operations.

In September  2006, the staff of the Securities and Exchange  Commission  issued
Staff  Accounting  Bulletin  No. 108 ("SAB  108")  which  provides  interpretive
guidance  on how  the  effects  of the  carryover  or  reversal  of  prior  year
misstatements  should be considered in quantifying a current year  misstatement.
SAB 108 becomes effective in fiscal 2007. Management is evaluating the financial
impact of this pronouncement.


NOTE 2 - INCOME TAXES

As of December 31, 2006,  the Company had a net operating loss carry forward for
income tax  reporting  purposes  of  approximately  $ 17,112  that may be offset
against future taxable income through 2025. Current tax laws limit the amount of
loss  available to be offset  against  future  taxable income when a substantial
change in ownership  occurs.  Therefore,  the amount  available to offset future
taxable income may be limited. No tax benefit has been reported in the financial
statements,  because the Company  believes  there is a 50% or greater chance the
carry-forwards  will expire unused.  Accordingly,  the potential tax benefits of
the loss carry-forwards are offset by a valuation allowance of the same amount.


                                       2006                 2005
                                 ------------------  --------------------
      Net Operating Losses       $           2567    $              319
      Valuation Allowance                   (2567)                 (319)
                                 ------------------  --------------------
                                 $               -   $                -
                                 ==================  ====================

The  provision  for income  taxes  differs  from the amount  computed  using the
federal US statutory income tax rate as follows:




                                     F - 14
<PAGE>

                            A.G. VOLNEY CENTER, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Continued)

NOTE 2 - INCOME TAXES (Continued)

                                                  2006                2005
                                           ------------------- --------------
Provision (Benefit) at US Statutory Rate    $           2248   $         62
Increase (Decrease) in Valuation Allowance             (2248)           (62)
                                           ------------------- --------------
                                            $              -   $          -
                                           =================== ==============

The Company evaluates its valuation  allowance  requirements  based on projected
future operations. When circumstances change and causes a change in management's
judgment  about the  recoverability  of deferred  tax assets,  the impact of the
change on the valuation is reflected in current income.

NOTE 3 - DEVELOPMENT STAGE COMPANY

The  Company  has  not  begun  principal  operations  and  as is  common  with a
development  stage company,  the Company will have  recurring  losses during its
development  stage.  The  Company's  financial  statements  are  prepared  using
generally  accepted  accounting  principles  applicable to a going concern which
contemplates  the  realization  of assets and  liquidation of liabilities in the
normal course of business.  However,  the Company does not have significant cash
or other material  assets,  nor does it have an  established  source of revenues
sufficient to cover its  operating  costs and to allow it to continue as a going
concern.  In the interim,  shareholders of the Company have committed to meeting
its minimal operating expenses.

NOTE 4 - COMMITMENTS

As of December 31, 2006,  all  activities of the Company have been  conducted by
corporate officers from either their homes or business offices. Currently, there
are no outstanding debts owed by the company for the use of these facilities and
there are no commitments for future use of the facilities.












                                     F - 15
<PAGE>

                            A.G. VOLNEY CENTER, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Continued)

NOTE 5 - RELATED PARTY TRANSACTIONS

As of December 31, 2004,  Joseph C.  Passalaqua,  a shareholder,  has loaned the
Company $50. This loan is payable on demand and carries an interest rate of 10%.

During 2003, the Company issued 400,000 shares to David F. Stever,  President of
the Company/ Director, for services rendered.

During 2003, the Company  issued  400,000 shares to Samantha Ford,  Secretary of
the Company/ Director, for services rendered.

During 2003, the Company issued 400,000 shares to John J. Connolly,  Director of
the Company, for services rendered.

NOTE 6- COMMON STOCK TRANSACTIONS

On March 06,  1997,  the Company  issued 1,210 shares of no par common stock for
services. Shares were valued at $10 per share.

On  April  7,  1997,  the  Board  of  Directors   amended  the   Certificate  of
Incorporation by changing the total authorized stock to 25 million shares with a
par value of $.001 per share.  This  Amendment was not filed or effective  until
July 29, 2003.

On July 29, 2003, the Board of Directors authorized a 10,000 for 1 forward stock
split.

On July 31, 2003,  the Company issued  1,200,000  shares to the Directors of the
Company for services rendered. Shares were issued for $.001 per share

On February  26, 2004,  the Company  issued  100,000  shares of common stock for
cash. Shares were issued for $.01 per share

On March 02, 2004,  the Company  issued 500,000 shares of common stock for cash.
Shares were issued for $.01 per share

On March 12, 2004,  the Company  issued 100,000 shares of common stock for cash.
Shares were issued for $.01 per share

On October 23, 2005, the Company issued 100,000 shares of common stock for cash.
Shares were issued for $.01 per share.




                                     F - 16
<PAGE>

                            A.G. VOLNEY CENTER, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Continued)


NOTE 6- COMMON STOCK TRANSACTIONS (Continued)

On October 31, 2005, the Company issued 100,000 shares of common stock for cash.
Shares were issued for $.01 per share.

On February  13, 2006,  the Company  issued  100,000  shares of common stock for
cash. Shares were issued for $.01 per share.


























                                     F - 17
<PAGE>

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS

The Company has retained the services of certified public accountants,  Robison,
Hill & Co. Our  previous  certified  public  accounting  firm was not  certified
pursuant to the rules of the Security and Exchange  Commission.  There have been
no disagreements with any accounting firm.

ITEM 8A. CONTROLS AND PROCEDURES

The Company carried out an evaluation,  with the  participation of our principal
executive and principal financial officers, of the effectiveness, as of December
31,  2006,  of our  disclosure  controls  and  procedures  (as  defined in Rules
13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934). Based upon that
evaluation, made at the end of the period, our chief executive officer and chief
financial  officer  concluded  that our  disclosure  controls and procedures are
effective in alerting them on a timely basis of material information required to
be disclosed in our periodic reports to the Securities and Exchange  Commission,
and that there has been no  significant  change in such  internal  controls,  or
other factors which could significantly affect such controls.

ITEM 8B. OTHER INFORMATION

NONE

                                    PART III.

ITEM 9. DIRECTORS, EXCUTIVE OFFICERS, PROMOTERS, AND CONTROL PERSONS; COMPLIANCE
WITH SECTION 16 (A) OF THE EXCHANGE ACT.


                                                             Year First
                                                             Became
 Name                   Age       Position with Company      a Director
 ----                   ---       ---------------------      ----------
 David F. Stever        63       Director, President, CEO    July 2003


 Samantha M. Ford       25       Director, Secretary/        July 2003
                                 Treasurer

 John J. Connelly       60       Director                    July 2003

RESUMES

Samantha  M.  Ford,  an  officer  and  director,  has  approximately  two  years
experience  as an associate in a major retail chain and two years  experience as
an assistant manager at a Thrift Store. . Ms. Ford is a high school graduate who
worked as a sales  associate in retail  chains  while still in high school.  She
also has bookkeeping and sales experience in the retail trade business. She also
received experience as a cashier for Sam's Club. From the spring of 1999 through
the fall of 2001, she was Secretary for Sigma Alpha Chi sorority while attending
college full time and holding a part time job on campus. In 2002, she moved back
to Syracuse,  New York and was hired as the  assistant  manager of the Salvation
Army Thrift Store. Subsequently,  Ms. Ford worked for AAA of Western and Central
NY as an Emergency Roadside Assistance Representative.  She started a family and
was a stay at home mother from February 2003 through October of 2005..  She then
re-entered the workforce and is Secretary of A.G.  Volney Center,  Inc. Ms. Ford
currently also works part time for a medical transportation company.

David F. Stever, an officer and director, spent twelve years in customer service
and sales  with  Allegheny  Airlines,  and the last six  years in a  supervisory
capacity.  He  subsequently  formed  and ran a  travel  company  which  required
substantial negotiation of bulk purchases and sales as well as individual travel
plans. In addition Mr. Stever owned and managed Happy Journey's  Travel,  Inc. a
travel agency for over 25 years. He has also acted as an officer and director of
the Syracuse Rose Society,  an  association  which  purchases bulk for resale to
members and others as fund raisers.

John J.  Connelly,  a  director,  is a graduate  of Boston  College and has been
active in the music  industry and  publishing  business.  He currently  manages,
develops and rehabilitates housing units in Bradington,  Florida and will not be
employed full time by the Company. Mr. Connelly is a non-practicing attorney who
currently   manages  his  own  real  estate  interests  in  Bradenton  and  Fort
Lauderdale,  Florida. Prior to real estate management,  he acted as a co-manager
for  the  band  "Boston"  and  other  entertainment   groups  in  the  state  of
Massachusetts.  He later  managed  a  entertainment  club and  managed  a weekly
publication in Syracuse, New York.



                                       7
<PAGE>

The Board of Directors has determined that A.G. Volney does not have a financial
expert on its audit  committee  due to the small size and scope of the  issuer's
current  status.  The  management  experience  of Mr.  Stever  and Mr.  Connelly
required the exercise of fiscal  management  in which degree will be required to
successfully  manage A. G. Volney  Center,  Inc. in its growth over the next two
years.

Directors are elected annually.

SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities  Exchange Act of 1934, as amended,  requires our
officers and directors  and persons who own more than 10% of a registered  class
of our equity  securities  to file initial  reports of ownership  and reports of
changes in ownership with the Securities  and Exchange  Commission  (the "SEC").
Such  persons are  required by SEC  regulation  to furnish us with copies of all
Section 16(a) forms they file.

Based  solely on review of the copies of such forms  received by us with respect
to fiscal year 2006, or written  representations from certain reporting persons,
we believe that all filing  requirements  applicable to its directors,  officers
and persons who own more than ten percent of a registered class of the Company's
equity securities have been complied with.

AUDIT COMMITTEE

The  Company  does not  currently  have an  audit  committee,  and the  Board of
Directors serves this function. In addition, the Board does not have a financial
expert as defined by  Regulation  S-B Item 401. The Company has not been able to
attract a  financial  expert to serve on its Board of  Directors;  however,  the
Company will be seeking a candidate to serve in this role in the future.

CODE OF ETHICS

The  Company has not adopted a Code of Ethics for its  principal  executive  and
financial officers.  Due to the Company's limited operations the Company's Board
of Directors  does not believe a code of ethics is  necessary at this time.  The
Company's  Board of Directors will revisit this issue in the future to determine
if adoption of a code of ethics is appropriate.  In the meantime,  the Company's
management  intends  to  promote  honest  and  ethical  conduct,  full  and fair
disclosures  in its  reports  with  the  SEC,  and  compliance  with  applicable
governmental laws and regulations.

ITEM 10.  EXECUTIVE COMPENSATION

David F. Stever and Samantha M. Ford were issued  400,000 shares of common stock
respectively  at a deemed price of $0.001 per share in  consideration  for their
services in organizing and managing our initial  corporate effort and for acting
as officers.

No other  compensation  has been awarded to,  earned by or paid to our officers.
Management has agreed to act with out compensation until authorized by the Board
of Directors,  which is not expected to occur until we have  generated  revenues
from operations. As of the date of this registration statement, we have no funds
available to pay officers or directors.  Further, our officers and directors are
not accruing any compensation pursuant to any agreement with us.

                            SUMMARY COMPENSATION TABLE

                                       FISCAL                            OTHER

NAME AND PRINCIPAL POSITION         YEAR PAID    SALARY    BONUS    COMPENSATION



 David F. Stever, President                N/A       -0-      -0-       $400.00


Samantha M. Ford, Secretary/Treasurer     N/A       -0-      -0-       $400.00



We do not have health  insurance for our employees.  We do not have  retirement,
pension, profit sharing stock options, or other similar programs for the benefit
of our employees.





                                       8
<PAGE>

OPTIONS AND SARS

The Company has no option of SAR  programs  and no options or SAR's were granted
to any of its employees.

LONG-TERM INCENTIVE PLANS

The Company has no long-term  incentive  plans for its officers,  directors,  or
employees.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

(1) (2) (3) (4) Title of Class Name and  Address of Amount and Nature of Percent
of Security Ownership

                                                                  PERCENTAGE OF
                                                                  OUTSTANDING
            SHARES OF
CLASS    OF BENEFICAL OWNER                    NUMBER OF SHARES   COMMON
STOCK


Common  Carl E. Worboys      Shareholder       6,000,000 shares      41.96%
        118 Chatham Rd.
        Syracuse, NY  13203

Common  Joseph C. Passalaqua Shareholder       6,000,000 shares      41.96%
        106 Glenwood Dr. S.
        Liverpool, NY 13090

Common  David F. Stever      Officer/President   400,000 shares        2.8%
        124 Lincoln Ave. S.
        Liverpool, NY  13088

Common  Samantha Ford        Officer/Secretary   400,000 shares        2.8%
        4420 6-A Heritage Drive      Treasurer
        Liverpool, NY   13090
Common  John Connelly        Director            400,000 shares        2.8%
        136 NE  19th Court
        Ft. Lauderdale, FL 33305

Common Officers and Directors as a Group       1,200,000 shares       20.84%


--------------------------------------------------------------------------------

Common Stock                                   13,200,000 shares      93.32%


None of the persons listed above have the right to acquire beneficial  ownership
within sixty days.



ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

Except as set forth below, no transactions  have occurred since the beginning of
the Company's last fiscal year or are proposed with respect to which a director,
executive officer,  security holder owning of record or beneficially more than 5
% of any  class of the  Company's  securities  or any  member  of the  immediate
families of the foregoing persons had or will have a direct or indirect material
interest:

We issued  400,000 common shares each to David F. Stever and Samantha M. Ford at
a deemed price of $0.001 per share on July 31, 2003. These shares were issued to
Mr. Stever and Ms. Ford in  consideration  for their  services in organizing our
company,  acting as officers and building our business plan.On July 31, 2003, we
issued John J. Connelly  400,000  common shares at a deemed price of $0. 001 per
share, in  consideration  for his services as director and building our business
plan.


                                       9
<PAGE>


PART IV.

ITEM 13:  EXHIBITS AND REPORTS ON FORM 8-K



EXHIBIT
NUMBER                      DESCRIPTION
------                      -----------

3        Articles of Incorporation
3.1      Certificate of Renewal and Revival of Certificate of
         Incorporation
3.2      Certificate of Amendment of Certificate of Incorporation
4        By-Laws
5        Specimen Share Certificate for Common Shares
31.1     Sarbanes-Oxley Act of 2002 Section 302 Certification by David F.Stever
32.1     Sarbanes-Oxley Act of 2002 Section 906 Certification by David F.Stever



FILED HEREWITH

REPORTS ON FORM 10SB

NO REPORTS ON FORM 8-K WERE FILED.

ITEM 14:  PRINCIPAL ACCCOUNTANT FEES AND SERVICES

Aggregate fees billed by the Company's principal  accountants,  Robison,  Hill &
Company, for audit services related to the most recent two fiscal years, and for
other professional  services billed in the most recent two fiscal years, were as
follows:

                                         FISCAL 2006       FISCAL 2005
                                         -----------       -----------
       Audit Fees      (1)               $11,624                $0
       Tax Fees        (2)               $346                   $0
       All Other fees                    $0                     $0


 (1) Comprised of the audit of the Company's  annual  financial  statements  and
reviews of the Company's  quarterly  financial  statements,  as well as consents
related to and reviews of other documents filed with the Securities and Exchange
Commission.

(2)  Comprised  of  preparation  of all federal and state  corporate  income tax
returns for the  Company and its  subsidiariesUnder  the  Sarbanes-Oxley  Act of
2002, all audit and non-audit  services  performed by the Company's  independent
accountants  must now be  approved in advance by the Audit  Committee  to assure
that such services do not impair the accountants' independence from the Company.
The Company does not have an Audit Committee,  therefore, the Board of Directors
reviews and  approves  audit and  permissible  non-audit  services  performed by
Robinson,  Hill &  Company,  as well as the fees  charged  by  Robinson,  Hill &
Company for such services.



                                       10
<PAGE>



SIGNATURES

In  accordance  with  Section 12 of the  Securities  Exchange  Act of 1934,  the
registrant caused this registration  statement to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                             A. G. VOLNEY CENTER, INC.


Date: April 4, 2007
By: /s/ David F. Stever


David F. Stever
Principal Executive and Financial Officer


Pursuant to the  requirements  of Section 12 of the  Securities  Exchange Act of
1934,  this report has been signed below by the  following  persons on behalf of
the Company and in the capacities and on the dates indicated.






 BY:  /s/ David F. Stever                      Date: April 4,2007

 --------------------------------              ----------------------

          PRESIDENT



 BY   /s/ Samantha Ford                        Date: April 4, 2007

    --------------------------------           ----------------------

          SECRETARY, TREASURER



 BY:  /s/ John Connelly                        Date: April 4, 2007
 --------------------------------              ----------------------

          DIRECTOR






                                       11
<PAGE>