U.S. Securities and Exchange Commission
                   Washington, D.C. 20549

                        Form 10-KSB

  [X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934

        For the Fiscal Year ended September 30, 2002

                             Or

  [   ] TRANSITION REPORT UNDER SECTION 13 0R 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934

  For the transition period from __________ to ___________

             Commission file number:  000-13846

               STRATEGIC ALLIANCE GROUP, INC.
       (Name of Small Business Issuer in its charter)

            Florida                          75 14 33 000
  (State or other jurisdiction of  (I.R.S. Employer Identification No.)
   incorporation or organization)

         3551 S.W. Corporate Parkway
            Palm City, Florida                             34990
   (Address of principal executive offices)             (Zip Code)

                       (772) 283-4490
                 Issuer's telephone Number

  Securities registered under Section 12 (b) of the Exchange Act:
     Title of Each Class                    Name of Each Exchange
                                                            On Which registered
          None                                         None

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

          COMMON STOCK, PAR VALUE  $.10 PER SHARE

                      (Title of Class)
  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 period that the registrant was
  required to file such reports), and (2) has been subject to
  such filing requirements for the past 90 days.

  [X]  YES       [  ]   NO

  Check if no disclosure of delinquent filers in response to Item
  405 of Regulation S-B is 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.    [ X ]

  The issuer's revenue for the most recent fiscal year was   $0.00

  The aggregate market value of the voting stock held by non-affiliates
  computed by reference to   the price at which the stock was sold,
  or the average bid and asked price of such, as of a specified
  date within the prior 60 days was  $237,500 based on the average
  of the closing bid and asked   obtained from the OTC Bulletin
  Board on September 30, 2001.

  The number of shares outstanding of each of the Issuer's classes
  of common equity as of September 30, 2001 was;

            Common Stock   475,000,000 shares

  Transitional Small Business Disclosure Format   YES [  ]  NO  [X ]



  TABLE OF CONTENTS
  Item 1    - Description of Business
  Item 2    - Description of Property
  Item 3    - Legal Proceedings
  Item 4    - Submission of Matters to a Vote of Security Holders
  Item 5    - Market Price of and Dividends on the Registrant's Common
              Equity and Related Stockholder Matters
  Item 5.1  - Description of Securities
  Item 6    - Management's Discussion and Analysis or Plan of Operation
  Item 7    - Changes in and Disagreements with Accountants
  Item 8    - Financial Statements
  Item 9    - Directors and Executive Officers, Promoters and Control
              Persons
  Item 10   - Executive Compensation
  Item 11   - Security Ownership of Certain Beneficial Owners and
              Management
  Item 12   - Certain Relationships and Related Transactions

                          PART  I.
  Statements contained in this Form that are not historical facts
  are forward looking statements as the term is defined in the
  Private Securities Litigation Reform Act of 1995.
  Such forward-looking statements are subject to risks and
  uncertainties, which could cause actual results to differ
  materially from original estimates. Such risks and uncertainties
  are detailed in filings with the Securities And Exchange
  Commission, including without limitation in Item 1
  "DESCRIPTION OF BUSINESS" and Item 6 MANAGEMENT DISCUSSION AND
  ANALYSIS OR PLAN OF OPERATION" below.

  ITEM  1  DESCRIPTION OF BUSINESS
  (a) Business Development
  The present Strategic Alliance Group, Inc. was incorporated under
  the laws of the State of Florida   on October 24, 1983, under the
  name Bio-Analytic Laboratories, Inc (Florida). On October 25,
  1983, this company merged with Bio-Analytic Laboratories, Inc., a
  Texas corporation. The Texas corporation was the surviving company
  and the sole reason for the merger was to effect a change in its
  state of domicile from the State of Texas to the State of Florida.
  On October 25, 1983, the   date of the merger, Bio-Analytic (Florida)
  had not issued any of its common stock and the   shareholders of
  Bio-Analytic (Texas) became the shareholders of Bio-Analytic
  (Florida) on a   share for share basis.

  Eutro Group Holding, Inc. was incorporated under the laws of the
  State of Florida in September,   1991. In that month, it completed
  a reverse acquisition of Bio-Analytic Laboratories, Inc. Eutro
  Group Holding, Inc. was the holding company and Bio-Analytic
  Laboratories, Inc. became its   only wholly owned operating
  subsidiary.

  On May 6,1998, Eutro Group Holding, Inc. sold its Bio-Analytic
  Laboratories, Inc. subsidiary to   Cypro Environmental Group,
  Inc., a privately held corporation incorporated under the laws of
  the State of Florida. As consideration for this sale, Eutro received
  500,000 shares of Cypro common   stock that it valued at $1,000,000.

  Since May 6, 1998, Eutro Group Holding, Inc. has not had an
  operating subsidiary.

  On May 17, 1999, negotiations were concluded by which Eutro Group
  Holding, Inc. would be   acquired by Ivy Entertainment.Com, Inc.
  in a reverse merger.  As consideration for this reverse merger,
  Eutro was issued and exchanged 8,575,000 shares of its common stock,
  after it was undergo a 250 for 1 reverse split. These shares were
  to be issued to the sole stockholder of Ivy, Mr. Richard Gladstone,
  in exchange for 1000 shares of common stock of Ivy Entertainment.Com,
  Inc.which is the total amount of common stock issued and outstanding.
  The shares of Eutro common stock to be received by Mr. Gladstone
  pursuant to the reverse   acquisition agreement would be restricted
  stock as defined in Rule 144 of the Securities Act.

  A vital clause in the acquisition agreement between Eutro and IVY
  was that Mr. Richard   Gladstone, IVY's sole stockholder, guarantee
  that IVY have a minimum of $6,000,000 in   tangible assets when the
  merger is completed.

  On February 9, 2001, Mr. Floyd D. Wilkenson, Director of Mezzanine
  Finance Fund, LLC., and former Chairman of the Board of Directors
  of Eutro Group Holding, Inc. sent a letter to Mr. Richard Gladstone,
  CEO of Ivy Entertainment.Com, Inc. in which Wilkenson informed
  Gladstone and Ivy that he considered them to not have performed
  on three provisions specified in the Agreement of Merger between
  the two companies signed May 17, 1999.

  The three provisions are;
        1.  Failure of Ivy Entertainment.Com, Inc. to have the
            $6,000,000 in assets required of it before its merger
            with Strategic Alliance Group, Inc. can be consummated
        2.  Failure to meet the time requirement for consummation of
            the merger while being fully aware that time is of the
            essence.
        3.  Failure to meet the requirement for the extension of
            time limits contained in the Agreement, since the
            initial date for closing was set for June 30, 1999.

  This action was instigated by the approach to Wilkenson of a
  Strategic shareholder group concerned at the unexplainable delays
  in the fulfillment of the terms of the Acquisition Agreement.
  After due consideration of the arguments presented, Wilkenson
  chose to invoke Articles 10.1(b) and 10.2 of the Agreement to
  effect its termination and to be given written notice thereof.

  Gladstone was given 10 days to cure the matters giving rise to
  this situation. Since no cure was performed, the Agreement was
  terminated effective the 10th business day following receipt by
  Gladstone.

  The Acquisition Agreement between Strategic Alliance Group, Inc,
  and Ivy Entertainment.Com, Inc. is now null and void.

  (b) Business Of Issuer
  Strategic Alliance Group, Inc. offered consulting services to a
  wide range of clients, from small private companies to medium
  size public companies. It assisted companies in bringing new
  products to market, provided sales and marketing advice and other
  general consulting services that are particularly aimed at small
  to medium sized companies that plan on raising capital in public
  and private securities offerings.

  Strategic worked with company management and assisted it in the
  development of a company business plan, in adopting a proper
  capital structure, develop a consistent corporate story and
  create and implement a stock option plan.

  Strategic specialized in financial public relations. It advised
  management in the proper way to disseminate the corporate story
  to the investing community thereby attracting the attention of
  stock-buyers to its shares. If the client is a private company,
  the focus is to get its story to the consumer so that the company
  is known, held in high esteem and its products preferred by the
  consumer.

  Strategic's fee was usually divided into two parts. The first was a
  cash payment to cover direct expenses and the second was a block
  of the client's common stock. If the client was not, and had no
  intention of becoming a public company, then Strategic's entire fee
  was to be in cash. As a result of receiving compensation in this
  manner, Strategic benefited from any appreciation in the price of
  its clients shares.

  Strategic's clients came to the company by personal referral. It did
  not engage in extensive advertising in either the financial or the
  popular media.

  The competitive situation is quite intense as there are a host of
  persons and companies who offer similar services. These range from
  corporate giants with offices in most of the developed and developing
  countries of the world, to the individual who may be specialized in
  one particular sector.

  Strategic did not hold itself out as being able to fulfill any
  request made of it. In the event that a   particular client needs
  expertise outside of that which Strategic could offer, then formed
  a syndicate with other consulting companies or freelance specialists.

  The personnel situation is as follows. Being a holding company,
  Strategic Alliance Group, Inc. since its founding in 1991, has not
  had, and to this day does not have, permanent employees. The
  company affairs are managed by an unsalaried Board of Directors.
  At present, Strategic has a contractual agreement with Mezzanine
  Finance Fund, LLC. a Florida limited liability company, to provide
  the personnel to manage Strategic's affairs until merger partner is
  found and a merger completed.

  It is worth emphasizing that the current business of Strategic
  Alliance Group, Inc. is to   place itself in a proper posture to
  complete a reverse acquisition and continue its existence as a
  viable entity which is something that it cannot do by continuing
  under its present modus operandi.

  ITEM  2  DESCRIPTION OF PROPERTY

  (a) Neither Strategic Alliance Group, Inc. nor Bio-Analytic
  Laboratories, Inc., its former subsidiary, owned the offices and
  production facilities they occupied.

  ITEM  3  LEGAL PROCEEDINGS
     (a)    Pending legal proceedings
  On September 30, 2002, Strategic Alliance Group, Inc. had no
  pending legal proceedings against it, and its management was not
  aware of any that were awaiting filing.

     (b)    Pending governmental agency procedures
  On September 30, 2002, Strategic Alliance Group, Inc. had no
  pending governmental agency procedures against it and its
  management was not aware of any that were awaiting submission by
  any governmental agency.

  ITEM 4  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
  There were no matters submitted to a vote of security holders
  through the solicitation of proxies or otherwise during the fiscal
  year covered by this report.

                          PART II
  ITEM 5.   MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
            MATTERS

  (a)Market Information
     (1)    The common stock of Strategic Alliance Group, Inc. is
    traded on the OTC Electronic Bulletin      Board "Pink Sheets",
    under the symbol "STGE".

     (2)    The range of the high and low bid for each quarter of the
    last two fiscal years follows.

  PERIOD                    HIGH                LOW
                            BID                 BID
  2002
  1st Qtr                  0.005               0.005
  2nd Qtr                  0.009               0.004
  3rd Qtr                  0.005               0.004
  4th Qtr                  0.005               0.004

  2001
  1st Qtr                  0.006               0.003
  2nd Qtr                  0.002               0.001
  3rd Qtr                  0.002               0.001
  4th Qtr                  0.016               0.009

  2000
  1st Qtr                  0.017               0.006
  2nd Qtr                  0.088               0.009
  3rd Qtr                  0.054               0.014
  4th Qtr                  0.013               0.004

     (3)    The source of the high and low bid information submitted
            above is the daily summary made available by the OTC
            Electronic Bulletin Board.
     (4)    No cash or stock dividends have been declared on the
            Strategic Alliance Group, Inc. common stock because of
            a paucity of earnings and a lack of cash with which
            dividends could have been paid.
     (5)    Strategic common stockholders did receive two distributions
            of assets as follows. On June 12, 1998, for each 1000
            shares of common stock held, they received 2 shares of
            the common stock of Cypro Environmental Group, Inc.  On
            January
            30, 1998, for each 10,000 shares of common stock held,
            they received 17 shares of Freedom Medical Group, Inc.

  ITEM 5 - 1  DESCRIPTION OF SECURITIES
  Strategic Alliance Group, Inc. has two classes of capital stock
  outstanding

  A - Common Stock
  On November 4, 1998, documents were filed with the Secretary of
  State of Florida increasing the authorized common stock of Strategic
  Alliance Group, Inc. from 100,000,000 to its present amount of
  500,000,000 shares.

  The common stock has the right to receive the amount of dividends
  declared from time to time by the Board of Directors in accordance
  with, and resulting from, the operating performance of the company.

  Each common share is entitled to cast one vote in any matter
  legally presented to it.

  No preemptive rights are inherent in the common stock.

  No other material rights are contained other than the normal rights
  to a proportionate distribution of liquidating dividends after
  satisfaction of any and all prior claimants.

  There is no provision in the charter or by-laws that would delay,
  defer or prevent a change in   control of Strategic Alliance Group,
  Inc.

  B - Class A Preferred Stock
  On April 16, 1997, the Articles of Incorporation of Strategic
  Alliance Group, Inc. were amended to authorize the issuance of
  5,000,000 shares of $.10 par value preferred stock (Class A).

  Strategic stockholders on June 30,1997, were offered the
  opportunity to exchange not more than 80% of their common stock
  holdings for Class A preferred stock. This offer was made to
  stockholders of record on June 30, 1997. The Class A Preferred Stock
  will not be sold or made   available for purchase by the general
  public. Under the terms of the exchange offer, a common
  stockholder who tendered 50 shares of Strategic common stock
  received one share of Series A Preferred stock and 10 stock warrants.

  Fractional shares were compensated to the stockholder at the rate
  of $.04 per common share.

  Strategic has authorized the issuance of 25,000,000 shares of its
  common stock to Mezzanine Finance Fund, LLC, its authorized agent
  to offset any conversions, exchanges or liabilities of any kind
  from common stockholders that may occur. These will be restricted
  shares under Rule 144.  This will bring the total number of issued
  and outstanding shares to 475,000,000.

  C - Debt securities
  Strategic Alliance Group, Inc. has no debt securities outstanding
  and has no plans or intentions to issue any such securities.

  D - Other securities to be offered
  At this time, and in this document, Strategic Alliance Group, Inc.
  is registering no other securities.

  ITEM 6  MANAGEMENT'S PLAN OF OPERATION

  The following description of the financial condition and results
  of operations should be read in conjunction with financial
  statements and related notes appearing in Item 8 of this Form
  10-KSB.   Except for the historical information contained herein,
  the discussion in this Form 10-KSB contains forward looking
  statements that involve risks, uncertainties and assumptions such
  as statements of  plans, objectives, expectations and intentions.
  The cautionary statements made in this Form 10-KSB should be read
  as being applicable to all forward-looking statements wherever
  they appear in this document. The actual results, levels of activity,
  performance, achievements and prospects could differ materially
  from those discussed below. Factors that could cause or contribute
  to such differences include those discussed elsewhere in this Form
  10-KSB.

     (a)    Plan of operation
  It is highly unlikely that Strategic Alliance Group, Inc. can
  satisfy its cash requirements for the   next 12 months without
  resorting to raising additional funds.

  Strategic plans no product research and development for the
  term of the Plan.

  During the period covered by the financial statements and the next
  12 months of this Plan,   Strategic significantly changed the focus
  of its business activities from business and financial consulting
  to the sale of the company to a more financially secure organization
  that could make better use of its OTC Electronic Bulletin Board
  listing.

  ITEM 7  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
  ACCOUNTING AND FINANCIAL DISCLOSURE

  The present auditor of Strategic Alliance Group, Inc. is Mr. Aaron
  Stein, CPA, of 534 Willow   Avenue, PO Box 315, Cedarhurst, New York
  11516, telephone, (516) 569 0520.

  Strategic Alliance Group, Inc. has not changed accountants during
  the last two fiscal years, nor has it had any disagreements with
  the accountants on any matter of accounting principles or
  practices, financial statement disclosures, or auditing scope or
  procedures.

  ITEM  8  FINANCIAL STATEMENTS
  STRATEGIC ALLIANCE GROUP, INC.
  AUDITED FINANCIAL STATEMENTS

  Fiscal Years ended September 30, 2002 and 2001

  STRATEGIC ALLIANCE GROUP, INC.

  Table of Contents
  Report of Independent Accountant
  Financial Statements
       Balance Sheet
       Statement of Operations
       Statement of Changes in Stockholders' Deficit
       Statement of Cash Flow
       Notes to Financial Statements



  Aaron Stein
  CERTIFIED PUBLIC ACCOUNT
  981 ALLEN LANE
  P.O. BOX 406
  WOODMERE, NY 11598
  516-569-0520

  To the Board of Directors and Shareholders'
       Strategic Alliance Group, Inc.

  I have audited the accompanying balance sheet of Strategic Alliance
  Group, Inc. as of September 30, 2002, and the related statement of
  operations, changes in stockholders' deficit and cash flows for each
  year September 30, 2002 and 2001. These financial statements are the
  responsibility of the Company's management. My responsibility is to
  express an opinion on these financial statements based on my audit.

  I conducted my audit in accordance with generally accepted auditing
  standards. Those standards require that I plan and perform the
  audit to obtain reasonable assurance about whether the financial
  statements are free of material misstatement. An audit also includes
  assessing the accounting principles used and significant estimates
  made by management, as well as evaluating the overall financial
  statement presentation. I believe that my audit provides a
  reasonable basis for my opinion.

  In my opinion, the financial statements referred to above present
  fairly, in all material respects, the financial position of Eutro
  Strategic Alliance Group, Inc. as of September 30, 2002 and the
  results of its operations   and its cash flows for the two years
  ended September 30, 2002 and 2001 in conformity with generally
  accepted accounting principles.

  The accompanying financial statements have been prepared assuming
  that the Company will continue as a going concern. As discussed
  in Note 2 to the financial statements, the Company, has a very
  limited operating history, has a shareholder and working capital
  deficiency and has suffered recurring losses since inception.

  The Company's lack of financial resources and liquidity as of
  September 30, 2002 raises substantial doubt about its ability
  to continue as a going concern. Management's plans in regard to
  these matters are described in Note 2. The financial statements do
  not include any adjustments that might result from the outcome of
  this uncertainty.

  Aaron Stein
  Woodmere, New York
  October 15, 2002


  STRATEGIC ALLIANCE GROUP, INC.
          BALANCE SHEET
        SEPTEMBER 30, 2002



  ASSETS

  CURRENT TOTAL ASSETS
      Cash and cash equivalents              $            0


  TOTAL ASSETS                               $            0

  LIABILITIES AND STOCKHOLDERS' DEFICIT      $            0

  CURRENT LIABILITIES
      Preferred dividends                    $            0


  STOCKHOLDERS' DEFICIT
      Common stock, $.10 par value,
      authorized 500,000,000 shares,
      475,000,000 issued and outstanding         47,500,000


  Additional paid-in capital                    (47,500,000)

  Total Liabilities and Stockholders Equity  $            0
522:


  See accompanying notes to financial statements



  STRATEGIC ALLIANCE GROUP, INC.
  STATEMENT OF OPERATIONS



                                          Years ended September 30,
                                          2002                 2001

  REVENUE                             $      0             $      0


  GENERAL AND ADMINISTRATIVE EXPENSES        0                    0


  OPERATING LOSS                             0                    0


  OTHER INCOME (EXPENSES)
   Gain on sale of fixed assets              0                    0
   Interest expense                          0                    0

             Total

             LOSS BEFORE PROVISION FOR
             INCOME TAXES                    0                    0


  INCOME TAXES                               0                    0

  NET LOSS                            $      0              $     0


  LOSS PER SHARE
   Basic                                  nil                   nil

  AVERAGE NUMBER OF COMMON SHARES
  OUTSTANDING
   Basic                           475,000,000          406,249,977


  See accompanying notes to financial statements


  STRATEGIC ALLIANCE GROUP, INC.
  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
574:
575:
                 Pref Stock      Com Stock            Additional
                                                       Paid In
         Shrs Amount   Shrs        Amount               Capital
  Bal 9/30/01 97,944 19,794 406,249,977 40,624,977
  Bal 9/30/02    0     0    475,000,000 47,500,000   (44,788,823)


                 Accum Deficit          Total

  Bal 9/30/01
  Bal 9/30/02    (2,711,177)         (47,500,000)


Note:
  In the fourth quarter of the fiscal year ending 9/30/02,
  resolutions were passed and the following shares of
  common stock were issued.

  44,788,823 shares to Mezzanine Finance Fund LLC to provide for
  future exchange of Preferred Stock.

  23,961,200 shares to the company transfer agent for the
  exchange of shares Preferred Stock and accumulated interest
  submitted for exchange.


  See accompanying notes to financial statements


  STRATEGIC ALLIANCE GROUP, INC.
  STATEMENT OF CASH FLOWS
                                            Years ended September 30,
                                           2002                  2001

  CASH FLOWS FROM OPERATING ACTIVITIES

       Net loss                           $     0            $      0

       Adjustments to reconcile net loss to
            net cash used by operating
              activities:
                 Gain on sale of fixed
                   assets                       0                 (45)
                 Issuance of common stock
                   for services rendered
                    and other long-term
                    liabilities                 0                   0


            Changes in operating assets
            and liabilities:
                 Accounts payable and accrued
                   expenses                  (129)                  0
                 Preferred dividends
                   See Note                     0                   0
                 Other long term-liabilities    0                   0

                      Net cash used in
                        operating activities (129)                (45)


  CASH FLOWS FROM INVESTING ACTIVITIES

       Proceeds from sale of furniture
         and equipment                          0                  0


  CASH FLOWS FROM FINANCING ACTIVITIES

       Proceeds from sale of common stock       0                  0


            NET INCREASE/DECREASE IN CASH AND
                 CASH EQUIVALENTS            (129)               (45)
650:
  CASH AND CASH EQUIVALENTS, Beginning        129                174

  CASH AND CASH EQUIVALENTS, Ending       $     0             $  129



  See accompanying notes to financial statements



  STRATEGIC ALLIANCE GROUP, INC.
  NOTES TO FINANCIAL STATEMENTS
  SEPTEMBER 30, 2002

  Note 1: Organization, Business and Significant Accounting Policies
       Organization

       Strategic Alliance Group, Inc. (the Company) was originally
       incorporated in Florida as Eutro Group Holding, Inc. in
       September 1991. On October 18, 1999 the Company filed its
       Articles of Amendment to its Articles of Incorporation
       thereby changing its name to Strategic Alliance Group,
       Inc. In September 1991 the Company completed a reverse
       acquisition of Bio-Analytic Laboratories, Inc., which then
       became a wholly owned operating subsidiary of the Company.
       On May 6, 1998, the Company sold its Bio-Analytic Laboratories,
       Inc. subsidiary. Since May 6, 1998, the Company has not had an
       operating subsidiary.

       Business
       Strategic Alliance Group, Inc. is a holding corporation.
       Its principal business is to own operating subsidiaries and
       assist these companies as well as other small and medium
       size companies with research, development, marketing and
       sales. Additionally, the Company will assist in the development
       of business plans and specializes in financial public relations.

       Significant accounting policies
       Use of Estimates in Financial Statements   Management uses
       estimates and assumptions in preparing these financial
       statements in accordance with generally accepted accounting
       principles. Those estimates and assumptions affect the
       reported amounts of assets and liabilities, the disclosure of
       contingent assets and liabilities, and the reported revenue
       and expenses. Actual results could vary from the estimates
       that were used.

       Cash and Cash Equivalents   For purposes of reporting cash
       flows, the Company considers all cash accounts, which are not
       subject to withdrawal restrictions or penalties, as cash and
       equivalents in the accompanying balance sheet.

       Income Taxes - Statement of Financial Accounting Standards No.
       109 (FAS 109), "Accounting for Income Taxes" is effective for
       financial statements issued for fiscal years beginning on or
       after December 15, 1992. Under FAS 109, deferred income taxes
       generally represent the future tax effect of existing
       differences between the book and tax bases of assets and
       liabilities, using the tax rates and laws existing as of the
       latest balance sheet date.

       The Company has not elected early adoption of this statement.
       The adoption of FAS 109 is not expected to have a material
       effect on the Company's financial position or results of
       operations due to the Company's NOL position and recent
       losses. The Company expects to record a deferred tax
       asset that will be fully reserved through the recording of
       a 100% valuation allowance.

       Earnings per Common Share - Basic loss per common share is
       computed using the weighted average number of common shares
       outstanding during the year.

  Note 2: Going Concern Consideration

       The accompanying financial statements have been prepared
       assuming that the Company will continue as a going concern.
       The Company has a very limited operating history, has a
       shareholder and working capital deficiency and has had losses
       since inception. The Company's lack of financial resources
       and liquidity at September 30, 2002 raises substantial doubt
       about its ability to continue as a going concern. The financial
       statements do not include any adjustments that might result
       from the outcome of this uncertainty. The Company has been
       dependent upon raising debt and equity funding to remain in
       existence as a going concern. Its continued existence is also
       dependent on equity funding.

       The Company will continue to actively search for other
       suitable operating companies to effectuate a merger with.

  Note 3: Shareholders' Deficit

       None

                          Part III
  ITEM  9  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
           PERSONS;  COMPLIANCE WITH SECTION 16 (a) OF THE EXCHANGE
           ACT

  DIRECTORS AND EXECUTIVE OFFICERS
  The temporary Sole Director of Strategic Alliance Group, Inc.
  is listed as follows:

                                                 Date of     Term
  Name                Age  Position              Election    Expires
  Floyd D. Wilkenson  79  Temp. Sole Director  Sept. 1, 2001   --


  On February 26, 2001, Strategic Alliance Group, Inc. responded
  to Mark Colacurcio's notice of resignation by setting a later date
  of acceptance of his resignation so that the former Board could
  arrange for a temporary replacement.

  Mr. Colacurcio filled in as Sole Director and President until
  September of 2001, when Mr. F.D. Wilkenson could replace Mark
  Colacurcio, as Sole Director.


  SIGNIFICANT EMPLOYEES
  Strategic Alliance Group Inc.'s sole person responsible for
  executive management is Floyd D. Wilkenson.  Mr. Wilkenson is a
  non-compensated director.

  FAMILY RELATIONSHIPS
  No family relationships between any directors or executive officers
  of the company exist, either by blood or by marriage.

  DIRECTORSHIPS OF OTHER REPORTING COMPANIES
  None of the officers and directors of Strategic Alliance Group,
  Inc. hold directorships in other reporting companies.

  PROMOTERS AND CONTROL PERSONS
  There are no promoters actively involved with Strategic Alliance
  Group, Inc. at this time.

  INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS
  Except as set forth below, during the past five years, no director,
  person nominated to become a director, executive officer, promoter
  or control person of Strategic Alliance Group, Inc.:

     (1)    was a general partner or executive officer of any business
            against which any bankruptcy petition was filed, either
            at the time of the bankruptcy or two years prior to that
            time;
     (2)    was convicted in a criminal proceeding or named subject
            to a pending criminal proceeding (excluding traffic
            violations and other minor offenses);
     (3)    was subject to any order, judgement or decree, not
            subsequently reversed, suspended or vacated, of any
            court of competent jurisdiction, permanently or
            temporarily enjoining, barring, suspending or otherwise
            limiting his involvement in any type of business,
            securities or banking activities; or
     (4)    was found by a court of competent jurisdiction (in a
            civil action) the SEC or the Commodity Futures Trading
            Commission, to have violated a federal or state
            securities or commodities law, and the judgement has
            not been reversed, suspended or vacated.


  ITEM 10  EXECUTIVE COMPENSATION
  Executive compensation
  The only executive was the President and Chief Executive
  Officer, Floyd D. Wilkenson. He received no compensation for
  the services he rendered either in cash or in stock or in any
  other form of direct compensation or perquisites of any kind.

  Director Compensation
  The directors of Strategic Alliance Group, Inc. receive no direct
  monetary compensation.  The directors receive no compensation
  either in stock or in cash or in options or in stock appreciation
  rights or perquisites of any kind.

  ITEM 11  SECURITY OWNNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
           MANAGEMENT

     (a)    Security ownership of certain beneficial owners.
829:
  As of the date of submission of this Form 10-KSB there is no person
 (including any "group") known to Strategic Alliance Group, Inc. to
  be the beneficial owner of more than five percent of Strategic's
  voting securities.

     (b)    Security ownership of management

  Title of class  Name and address     Amount and nature       Percent
                 Of beneficial owner  of beneficial ownership  of class

  Common Stock   Floyd D. Wilkenson       0  shares              0%
                 3551 SW Corp. Prkwy
                 Palm City, FL 34990

     (c)    Changes in control

  There are no internal arrangements either by agreement or in the
  by-laws of Strategic Alliance Group, Inc. that would inhibit or
  prohibit a change in control of the Company.

  ITEM  12  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

  Floyd D. Wilkenson in 1999 was issued 20,000,000 (144) shares of
  stock for the $470,000   balance of funds advanced to Eutro
  Group Holding, Inc. before it became Strategic Alliance
  Group, Inc.  These shares were transferred to a family trust
  prior to September 2001.  However,   they were sent to be
  transferred by the Transfer Agent in July of 2002.

  ITEM 13  EXHIBITS, LIST AND REPORTS ON FORM 8-K

  None

  SIGNATURES

  Certification of Chief Executive Officer Pursuant to Section
  906 of the
                Sarbanes Oxley Act of 2002

  Pursuant to 18 U.S.C. 1350, as created by Section 906 of the
  Sarbanes Oxley Act of 2002, the undersigned officer of Strategic
  Alliance Group, Inc.(the "Company") hereby certifies that:

  (i) the Financial Report on Amended Form 10K-SB of the Company
  for the annual period ended September 30, 2002 , as amended,
  (the Report) fully complies with the requirements of Section
  13(a) or Section 15(d), as applicable, of the Securities
  Exchange Act of 1934, as amended; and

  (ii) the information contained in the Report fairly presents,
  in all material respects, the financial   condition and results
  of operations of the Company as of, and for, the periods presented
  in the Report.
                                /s/   FLOYD D. WILKENSON
                                ----------------------------------
                                Floyd D. Wilkenson
                                President & Chief Executive Officer


  Dated:  August 14, 2003


  Certification of Chief Financial Officer Pursuant to Section 906 of
  the
                Sarbanes Oxley Act of 2002

  Pursuant to 18 U.S.C. 1350, as created by Section 906 of the
  Sarbanes Oxley Act of 2002 the undersigned officer of Starategic
  Alliance Group, Inc. (the "Company") hereby certifies that:

  (i) the Financial Report on Form 10K-SB of the Company for the
  annual period ended September   30, 2003 , as amended,
  (the Report) fully complies with the requirements of Section
  13(a) or   Section 15(d), as applicable, of the Securities
  Exchange Act of 1934, as amended; and

  (ii) the information contained in the Report fairly presents,
  in all material respects, the financial condition and results
  of operations of the Company as of, and for, the periods presented
  in the Report.
                                /s/    FLOYD D. WILKENSON
                                ----------------------------------
                                Floyd D. Wilkenson
                                President & Chief Financial Officer

  Dated:  August 14, 2003