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

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

                For the Quarterly Period Ended May 31,2005

    [ ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
                   For the transition period from ___ to ____

                       Commission file number: 000-50374

                          INFE - HUMAN RESOURCES, INC.
          (name of small business issuer as specified in its charter)

               Nevada                                  54-2013455
   (State or other jurisdiction            (IRS Employee Identification No.)
    of incorporation or organization)


              67 Wall Street, 22nd Floor, New York, NY  10005-3198
                    (Address of principal executive offices)

         Issuer's telephone number, including area code: (212) 859-3466

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities and Exchange Act of 1934 during the preceding 12
months (or for such shorter pe-riod that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days.	      Yes  [X]	   No  [ ]


         APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                        DURING THE PRECEDING FIVE YEARS


Check whether the registrant filed all documents and reports re-quired by
Section 12, 13, or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.  Yes [ ]	No  [ ]


                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number shares outstanding of each of the issuer's classes of common
stock, as of the latest practicable date: 11,800,024 shares outstanding as of
July 13, 2005

                 Transitional Small Business Disclosure Format.
                         (check one) Yes [  ]    No [X]
======================================================================



                           INFE-HUMAN RESOURCES, INC.
                                  FORM 10-QSB
                               TABLE OF CONTENTS

            Part I - FINANCIAL INFORMATION
                                                           Page

Item 1.	FINANCIAL STATEMENTS (UNAUDITED). . . . . . . . .F-1-10

Item 2.	MANAGEMENT DISCUSSION AND ANALYSIS OR PLAN OF
        OPERATIONS. . . . . . . . . . . . . . . . . . . .   2

Item 3.	CONTROLS AND PROCEDURES. . . . . . . . . . . . .    7

            Part II - OTHER INFORMATION

Item 1.	LEGAL PROCEEDINGS . . . . . . . . . . . . . . . .   8

Item 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE
	OF PROCEEDS. . . . . . . . . . . . . . . . . . . .  8

Item 3.	DEFAULTS UPON SENIOR SECURITIES . . . . . . . . .   8

Item 4.	SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.8

Item 5.	OTHER INFORMATION . . . . . . . . . . . . . . . . . 8

Item 6.	EXHIBITS AND REPORTS ON FORM 8-K . . . . . . . . . .9

Signatures . . . . . . . . . . . . . . . . . . . . . . . . .9

=========================================================================

                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

                  INFe - HUMAN RESOURCES, INC. AND SUBSIDIARY
                       (REVERSE ACQUISITION WITH DANIELS
                       CORPORATE ADVISORY COMPANY, INC.)
                         (A DEVELOPMENT STAGE COMPANY)
                  CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                            FOR THE SIX MONTHS ENDED
                         MAY 31, 2005 AND MAY 31, 2004


Condensed Consolidated Financial Statement:

Balance Sheet as of May 31, 2005............................F-1

Statements of Income for the three and six months ended
May 31, 2005 and May 31, 2004 (with cumulative
totals since Inception)	....................................F-2

Statements of Cash Flows for the six months ended
May 31, 2005 and May 31, 2004 (with cumulative
totals since Inception).....................................F-3

Statement of Accumulated Other Comprehensive (Loss)
for the six months ended May 31, 2005 (with cumulative
totals since Inception).....................................F-4

Notes to Financial Statements...............................F-5-10
====================================================================

                   INFe-HUMAN RESOURCES, INC. AND SUBSIDIARY
                       (REVERSE ACQUISITION WITH DANIELS
                       CORPORATE ADVISORY COMPANY, INC.)
                         (A DEVELOPMENT STAGE COMPANY)
                      CONDENSED CONSOLIDATED BALANCE SHEET
                                  MAY 31, 2005


                               ASSETS

CURRENT ASSETS
 Marketable securities                           $ 78,172
                                                 ---------

TOTAL ASSETS                                     $ 78,172
                                                 =========

            LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
   Officer loan payable                          $ 37,500
                                                 ---------
     Total current Liabilities                   $ 37,500
                                                 =========
STOCKHOLDERS' EQUITY
Preferred stock, $.001 par value,
  20,000,000  shares authorized;
  none issued and outstanding                           -
Common stock, $.001 par value,
  100,000,000 shares authorized;
  11,600,024 shares issued and
  outstanding as of May 31, 2005                   11,600
Additional paid-in-capital                        153,620
Accumulated other comprehensive (loss)            (81,155)
Deficit                                           (43,393)
                                                  --------
    Total stockholders' equity                     40,672
                                                  --------

TOTAL LIABILITIES AND  STOCKHOLDERS' EQUITY      $ 78,172
                                                  ========


The accompanying notes are an integral part of these consolidated financial
statements.

<page>F-1
                   INFe-HUMAN RESOURCES, INC. AND SUBSIDIARY
                       (REVERSE ACQUISITION WITH DANIELS
                       CORPORATE ADVISORY COMPANY, INC.)
                         (A DEVELOPMENT STAGE COMPANY)
                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
            FOR THE SIX MONTHS ENDED MAY 31, 2005  AND MAY 31, 2004
                    (WITH CUMULATIVE TOTALS SINCE INCEPTION)

<table>

                             <c>                          <c>                         <c>
                                                                                       Cumulative
                          For the Six Month Ended     For the Three Months Ended      Totals Since
                            May 31,       May 31,         May 31,       May 31,        Inception
                             2005          2004            2005          2004         (May 2, 2002)
                           ------------  ------------   -----------  ------------    --------------
REVENUES                            -            -             -             -                 -
                           ------------  ------------   -----------  ------------    --------------

OPERATION EXPENSES
 Organizational Costs               -            -             -             -            13,313
 Professional fees             39,000        7,000         3,500         3,500            69,500
                           ------------  ------------   -----------  ------------    --------------
  Total Operating expenses     39,000        7,000         3,500         3,500            82,813
                           ------------  ------------   -----------  ------------    --------------

NET LOSS BEFORE OTHER
  GAIN(LOSS)                  (39,000)      (7,000)      (35,500)       (3,500)           (82,813)

 Realized Gain(Loss) on
  Marketable Securites         50,780         (283)       85,830            -             39,420
                          ------------  ------------   -----------  ------------    --------------

 NET INCOME(LOSS)         $    11,780   $   (7,283)   $   50,330    $    (3,500)    $     (43,393)
                          ============  ============  ===========   ============    ==============

BASICE AND DILUTED INCOME
 (LOSS) PER SHARE         $     0.001   $   (0.001)   $    0.004    $    (0.000)
                          ============  ============  ===========   ============

WEIGHTED AVERAGE NUMBER
 OF COMMON SHARES         11,268,156     11,000,000   11,334,807     11,000,000
                          ============  ============  ===========   ============


  The accompanying notes are an integral part of these consolidated financial
  statements.

</table>
<page>F-2
                   INFe-HUMAN RESOURCES, INC. AND SUBSIDIARY
                       (REVERSE ACQUISITION WITH DANIELS
                       CORPORATE ADVISORY COMPANY, INC.)
                         (A DEVELOPMENT STAGE COMPANY)
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
             FOR THE SIX MONTHS ENDED MAY 31, 2005 AND MAY 31,2004
                    (WITH CUMULATIVE TOTALS SINCE INCEPTION)

<table>
<caption>

                                                  <c>                  <c>
                                                                        Cumulative
                                                                       Totals Since
                                                2005         2004        Inception
                                             -----------  ----------   ------------
CASH FLOW FROM OPERATING ACTIVITES
  Net income(loss)                          $    11,780  $  (7,283)   $   (43,393)

Adjustments to reconcile net income(loss)
to net cash used in operating activites:
 Common stock issued for service                 32,000          -         46,000
 Increase (Decrease)in accounts payable               -     (6,500)         3,500
                                             -----------  ---------     ----------
  Net cash provided by (used in)
  operating activities                           43,780    (13,783)         6,107
                                             -----------  ---------     ----------

CASH FLOWS FROM INVESTING ACTIVITIES
 Unrealized loss on securities                  (59,059)         -        (59,059)
 Securities purchased, securities sold- net       8,279        283       (100,268)
                                             -----------  ----------    ----------
  Net cash provided by (used in)
  operating activities                          (50,780)       283       (159,327)
                                             -----------  ----------    ----------
CASH FLOWS FROM FINANCING ACTIVITIES
 Officer loan payable                             7,000     13,500         34,000
 Issuance of common stock                             -          -        119,220
                                             -----------  ---------     ----------
  Net cash provided by financing activities       7,000     13,500        153,220
                                             -----------  ---------     ----------

NET CHANGE IN CASH AND CASH EQUIVALENTS     $        -   $       -    $         -

CASH AND CASH EQUIVALENTS
-BEGINNING OF PERIOD                                 -           -              -
                                             -----------  ---------     ----------

CASH AND CASH EQUIVALENTS
-END OF PERIOD                              $        -   $       -    $         -
                                             ===========  ==========    ==========

SUPPLEMENTAL DISCLOSURE OF NON CASH
ACTIVITY:

  Unrealized gain (loss) on securities      $  (59,059)   $ (54,248)    $ (81,155)
                                            ===========  ===========    ==========
  Common Stock issued for services          $   32,000    $       -     $  46,000
                                            ===========  ===========    ==========

The accompanying notes are an integral part of these consolidated financial statements.

</table>
<page>F-3

                   INFe-HUMAN RESOURCES, INC. AND SUBSIDIARY
                       (REVERSE ACQUISITION WITH DANIELS
                       CORPORATE ADVISORY COMPANY, INC.)
                         (A DEVELOPMENT STAGE COMPANY)
         CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME(LOSS)
                     FOR THE SIX MONTHS ENDED MAY 31, 2005

Net loss for the period May 2, 2002 (inception)   $ (55,173)
to November 30, 2004

Net loss for the period December 1, 2004
to May 31, 2005                                      11,780
                                                   ---------

TOTAL DEFICIT, MAY 31, 2005                       $ (43,393)
                                                   =========

Comprehensive income(loss) for the period May 2,
2002 (inception) to November 30, 2004, net of tax $ (22,096)

Other comprehensive income(loss), net of tax:
  Unrealized gain on securities for the period
  December 1, 2004 through February 28, 2005        (59,059)
                                                   ---------
Accumulated other comprehensive(loss)             $ (81,155)
                                                   =========

The accompanying notes are an integral part of these consolidated financial
statements.

<page>F-4



      INFe- HUMAN RESOURCES, INC. AND SUBSIDIARY (REVERSE ACQUISITION WITH
                   DANIELS  CORPORATE ADVISORY COMPANY, INC.)
                         (A DEVELOPMENT STAGE COMPANY)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                     FOR THE SIX MONTHS ENDED MAY 31, 2005
                                AND MAY 31, 2004


NOTE 1-	ORGANIZATION AND BASIS OF PRESENTATION

The unaudited condensed consolidated financial statements included have been
prepared by INFe-Human Resources, Inc. (the "Company") without audit, pursuant
to the rules and regulations of the Securities and Exchange Commission (the
"SEC"). Certain information and footnote disclosures normally included in the
financial statements prepared in accordance with accounting principles generally
accepted in the United States of America have been condensed or omitted as
allowed by such rules and regulations, and the Company believes that the
disclosures are adequate to make the information presented not misleading. It is
suggested that these condensed consolidated financial statements be read in
conjunction with the November 30, 2004 audited consolidated financial statements
and the accompanying notes thereto. While management believes the procedures
followed in preparing these condensed consolidated financial statements are
reasonable, the accuracy of the amounts are in some respects dependent upon the
facts that will exist, and procedures that will be accomplished by the Company
later in the year.

The management of the Company believes that the accompanying unaudited condensed
consolidated financial statements contain all adjustments (including normal
recurring adjustments) necessary to present fairly the operations for the
periods presented.

INFe-Human Resources, Inc. and Subsidiary (the "Company") was incorporated in
the State of Nevada on March 31, 2000. The Company was formerly a subsidiary of
INFe, Inc., a publicly trading entity on the OTC BB (INFe) through October 31,
2003. The Company was sold and now is trading as Pacer Health Corp (PHLH) on the
OTCBB. The Company was organized to provide human resource administrative
management, executive compensation plans and staffing services to client
companies.

The Company purchased all of the common stock of Daniels Corporate Advisory
Company, Inc. ("Daniels"), a Nevada company formed on May 2, 2002. For
accounting purposes, the transaction had been accounted for as a reverse
acquisition, under the purchase method of accounting. Accordingly, Daniels will
be treated as the continuing entity for accounting purposes and the historical
financial statements presented will be those of "Daniels." Daniels is structured
as a start-up and will be operated as a "Human Resource Services" corporation.
The core business, "the Payroll Services Bureau" has two divisions, the
corporate financial consulting division and the merchant banking division.

The Corporate Financial Consulting Division has as its growth goal - advisory to
payroll client and non-client companies. This division will work with client
companies seeking to create and/or acquire adjunct service businesses, whose
services will initially provide better lifestyles for its existing workforce,
and ultimately will be packaged, on an additional profit center basis, for sale
to other small companies for the retention of their employees. The profits
generated from all the Financial Consulting Assignments will be available for
venture investment, through the second division, -The Merchant Banking Division.

<page>F-5

The Merchant Banking Division has an in-house equity-funding program, whereby
Daniels will profit by helping finance the growth of client, payroll service
companies, as well as profit by the purchase of equity in attractive small
public companies whose growth strategies are in line with Daniels' philosophy-
growth through leveraged acquisition(s).

NOTE 2-	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

The condensed consolidated financial statements include the accounts of the
Company and its wholly owned subsidiary. All significant intercompany accounts
and transactions have been eliminated in consolidation.

Development Stage Company

The Company is considered to be in the development stage as defined in Statement
of Financial Accounting Standards (SFAS) No. 7, "Accounting and Reporting by
Development Stage Enterprises." The Company has devoted substantially all of its
efforts to business planning, research and development, recruiting management
and technical staff, and raising capital.

Use of Estimates

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

Cash and Cash Equivalents

For financial statement presentation purposes, short-term, highly liquid
investments with original maturities of three months or less are considered to
be cash and cash equivalents. The Company had no cash and cash equivalents at
May 31, 2005 and May 31, 2004, respectively.

Start-up Costs

In accordance with the American Institute of Certified Public Accountants
Statement of Position 98-5, "Reporting on the Costs of Start-up Activities", the
Company expenses all costs incurred in connection with the start-up and
organization of the Company.

<page>F-6

Revenue and Cost Recognition

The Company will record its transactions under the accrual method of accounting
whereby income gets recognized when the services are earned rather than when the
fees are collected, and costs incurred in connection with the start-up and
organization of the Company.

Income Taxes

Effective May 2, 2002, the Company adopted the provisions of Statement of
Financial Accounting Standards No, 109 (the Statement), Accounting for Income
Taxes. The Statement requires an asset and liability approach for financial
accounting and reporting for income taxes, and the recognition of deferred tax
assets and liabilities for the temporary differences between the financial
reporting bases and tax bases of the Company's assets and liabilities at enacted
tax rates expected to be in effect when such amounts are realized or settled.

Advertising Costs

The Company expenses the costs associated with advertising as incurred. There
were no advertising costs for the periods ended respectively.

Investments

In accordance with SFAS No. 115, "Accounting for Certain Investments in Debt and
Equity Securities", securities are classified into three categories: held-to-
maturity, available-for-sale and trading. The Company's investments consist of
equity securities classified as trading and available-for-sale securities.
Accordingly, they are carried at fair value in accordance with SFAS No. 115.
Further, SFAS No. 115 the unrealized gains and losses for trading securities are
included in earnings, and unrealized gains and losses for available-for-sales
securities are excluded from earnings and reported, net of deferred income
taxes, as a separate component of stockholders' equity, unless the loss is
classified as other than a temporary decline in market value.

Comprehensive Income

The Company adopted Statement of Financial Accounting Standards No, 130,
"Reporting Comprehensive Income," (SFAS No. 130). SFAS No. 130 requires the
reporting of comprehensive income in addition to net income from operations.

Comprehensive income is a more inclusive financial reporting methodology that
includes disclosure of information that historically has not been recognized in
the calculation of net income.

<page>F-7

Earnings (Loss) Per Share of Common Stock

Historical net loss per common share is computed using the weighted average
number of common shares outstanding. Diluted earnings per share (EPS) includes
additional dilution from common stock equivalents, such as stock issuable
pursuant to the exercise of stock options and warrants. Common stock equivalents
were not included in the computation of diluted earnings per share when the
Company reported a loss because to do so would be antidilutive.

The following is a reconciliation of the computation for basic and diluted EPS
for the six months ended May 31, 2005 and May 31, 2004, respectively.

                                    2005         2004
                                   -------       ------

Net loss                        $  (11,780)    $ (7,283)
                                -----------    ----------
Weighted-average common shares
Outstanding(Basic)              11,268,156    11,000,000

Weighted-average common stock
Equivalents
  Stock options                          -             -
  Warrants                               -             -
                                 ---------     ----------
Weighted-average common shares
Outstanding(Diluted)            11,268,156    11,000,000
                                ==========    ===========
..

NOTE 3-	INVESTMENTS

The following is an approximate of investments at May 31, 2005 and at fair
market value:

                                 2005
                                ------
Portfolio of common stocks
trading on the OTC:BB at
fair martket value            $ 78,172
                              =========

The marketable securities depreciated $59,059 for the six months ended May 31,
2005.

<page>F-8

NOTE 4-	GOING CONCERN

The Company does not have the revenue stream necessary to operate or develop its
business. This raises substantial doubt about its ability to continue as a going
concern. The accompanying condensed consolidated financial statements have been
presented in accordance with accounting principles generally accepted in the
United States of America, which assume the continuity of the Company as a going
concern. The Company has incurred a net loss for the six months ended May 31,
2005 and has an accumulated deficit.

Management has formulated and is in the process of implementing its business
plan intended to develop steady revenues and income in areas of operation. This
plan includes the following, subject to obtaining the necessary financing:

o   Signing up new clients

o   Building a financial services company, which could include payroll and
    related human-resource services as well as corporate development to client
    companies.

o   Seeking out new companies for possible merger.

Presently, the Company cannot ascertain the eventual success of management's
plans with any degree of certainty. The accompanying condensed consolidated
financial statements do no include any adjustments that might result from the
eventual outcome of the risks and uncertainties described above.

NOTE 5-	STOCKHOLDERS' EQUITY

The Company had 20,000,000 shares of preferred stock authorized at May 31, 2005.
There were no shares issued and outstanding.

The Company has 100,000,000 shares authorized at May 31, 2005 and May 31, 2004
and 11,600,024 and 11,000,000 shares issued and outstanding, respectively.

The Company issued 400,000 shares of its common stock during its second quarter
of 2005. The shares were issued to consultants for services provided to the
Company.

<page>F-9

NOTE 6- PROVISION FOR INCOME TAXES

The Company did not provide for income taxes for the six months ended May 31,
2005 and May 31, 2004. Additionally, the Company established a valuation
allowance equal to the full amount of the deferred tax assets due to the
uncertainty of the utilization of the net operating losses in future periods.

At May 31, 2005 and May 31, 2004, the deferred tax assets consists of the
following:

                                    2005          2004
                                    ----          -----
Deferred taxes due to net
operating loss carryforwards    $  15,188      $ 10,709

Less: valuation allowance         (15,188)      (10,709)
                                -----------    ----------
Net deferred tax asset         $        -             -
                                ===========    ==========


For the six months ended May 31, 2005 and May 31, 2004, the Company and its
subsidiary had $43,393 and $30,596, respectively, as operating losses for tax
purposes. The financial statements reflect the operations of Daniels Corporate
Advisory Company Inc. and not the net operating losses of original Infe-Human
Resources, Inc., which have certain losses remaining for tax purposes.
Accordingly, the net effect of those losses and the net tax effect on other
comprehensive income have been considered.

NOTE 7-	RELATED PARTY TRANSACTIONS

The Company utilizes office space at no charge from its president, Mr. Arthur
Viola.

<page>F-10

Item 2.	MANAGEMENT DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

Certain statements in "Management's Discussion and Analysis and Plan of
Operation" are forward-looking statements that involve risks and uncertainties.
Words such as may, will, should, would, anticipates, expects, intends, plans,
believes, seeks, estimates and similar expressions identify such forward-looking
state-ments. Readers are cautioned not to place undue reliance on these forward-
looking statements, which reflect management's analysis only as of the date
hereof. The Company assumes no ob-ligation to update these forward-looking
statements to reflect actual results or changes in factors or assumptions
affecting forward-looking statements.

RESULTS OF OPERATIONS

THREE MONTHS ENDED MAY 31, 2005 COMPARED TO THREE MONTHS ENDED MAY 31, 2004

REVENUES

Revenues were $0 for the three months ended May 31, 2005, as compared to $0 for
the three months ended May 31, 2004.

COST OF REVENUES

Cost of revenues was $0 for the three months ended May 31, 2005, as compared to
$0 for the three months ended May 31, 2004.

OPERATING EXPENSES

Operating expenses for the three months ended May 31, 2005 were $35,500 compared
to $3,500 for the three months ended May 31, 2004. The increase in operating
expenses were related to in-creased professional fees as a result of
investigating and con-sidering business opportunities.

LOSS FROM OPERATIONS

Loss from operations for the three months ended May 31, 2005 was $35,500
compared to $3,500 for the three months ended May 31, 2004.

INTEREST EXPENSE

Interest expense was $0 and $0 for the three months ended May 31, 2005 and 2004,
respectively.

REALIZED GAIN ON SALE OF SECURITIES

The realized gain from the sale of marketable securities was $85,830 for the
three months ended May 31, 2005 as compared to $0 for the three months ended May
31, 2004.  The gain was the result of the Company's sale of securities to meet
operating expenses.

NET INCOME (LOSS) APPLICABLE TO COMMON STOCK

Net income applicable to Common Stock was $50,330 for the three months ended May
31, 2005, compared to a loss of ($3,500) for the three months ended May 31,
2004. Net gain per common share was $005. for the three months ended May 31,
2005 and $000. for the three months ended May 31 2004.

<page>2

SIX MONTHS ENDED MAY 31, 2005 COMPARED TO SIX MONTHS ENDED MAY 31, 2004

REVENUES

Revenues were $0 for the six months ended May 31, 2005, as compared to $0 for
the six months ended May 31, 2004

COST OF REVENUES

Cost of revenues was $0 for the six months ended May 31, 2005, as compared to $0
for the six months ended May 31, 2004.

OPERATING EXPENSES

Operating expenses for the six months ended May 31, 2005 were $39,000 compared
to $7,000 for the six months ended May 31, 2004. This increase was primarily
attributed to an increase in professional fees as a result of the Company
considering and exploring potential business opportunities.

LOSS FROM OPERATIONS

Loss from operations for the six months ended May 31, 2005 was $39,000 compared
to $7,000 for the six months ended May 31, 2004.

INTEREST EXPENSE

Interest expense was $0 and $0 for the six months ended May 31, 2005 and 2004,
respectively.

GAIN (LOSS) ON SALE OF SECURITIES

The realized gain from the sale of marketable securities was $50,780 for the six
months ended May 31, 2005 as compared to a loss of ($283) for the six months
ended May 31, 2004.  The gain was the result of the Company's sale of securities
at a profit to meet operating expenses.

<page>3

NET GAIN (LOSS) APPLICABLE TO COMMON STOCK

Net gain applicable to Common Stock was $11,780 for the six months ended May 31,
2005, compared to a net loss of ($7,283) for the six months ended May 31, 2004.
Net gain per common share was $001. for the six months ended May 31, 2005 as
compared to a net loss of ($001). for the six months ended May 31 2004.

LIQUIDITY AND CAPITAL RESOURCES

The Company's financial statements are prepared on a going-concern basis, which
assumes that the Company will realize its assets and discharge its liabilities
in the normal course of business. However, the Company's cash flows for 2005 are
currently projected to be insufficient to finance projected operations,
without funding from other sources. These conditions raise substantial doubt as
to the ability of the Company to continue as a going concern.

Management's plans for this uncertainty include increasing the revenue of the
company both internally and through acquisition, as well as by raising
additional capital from external sources. Management may also liquidate some of
the marketable securities that it owns. There can be no assurance that
management will be successful in these plans. Accordingly, the accompanying
financial statements do not include any adjustments that may arise from the
uncertainty surrounding the Company's ability to continue as a going concern.

During the six months ended May 31, 2005, the Company had net cash increase of
$43,780 from operating activities resulting from net income of $11,780 and an
adjustment to cash of $32,000 for stock issued in exchange for services
rendered. Cash used in investing activities amounted to $50,780 for the half
year ended the Company May 31, 2005.  The Company does not have any commitments
for capital expenditures or leasing commitments in the future, other than its
month-to-month lease of its office.

The Company received $7,000 from its financing activities for the fiscal year
ended May 31, 2005.   As of May 31, 2005, the Company had no cash or cash
equivalents and had marketable securities of $78,172.

The Company will seek to raise up to $3,000,000 in equity and debt capital over
the next 12-18 months in order to provide additional working capital and better
capitalize the business.  These financings may be in the form of private
placements, bank loans, or other financing vehicles.  On a long term basis, the
Company will need to raise additional funds through private or public
financings, strategic or other relationships.  There can be no assurance that
the Company will be able to raise any additional funds and equity funds raised
could dilute then existing shareholders.

<page>4

Fiscal 2005 PLAN OF OPERATION

The Company is a development-stage company that intends to provide either
directly or through its subsidiary a variety of financial services, including
payroll and related human resource functions, for client companies.  The
company, through its subsidiary, Daniels Corporate Advisory Company, Inc., a
Nevada corporation ("Daniels"), has two divisions, the corporate financial
consulting division and the merchant banking division.

The Corporate Financial Consulting Division will work with companies, including
payroll providers, seeking to create and/or acquire adjunct service businesses,
whose services will initially provide better lifestyles for its existing
workforce, and ultimately will be packaged, on an additional profit center
basis, for sale to other small companies for the retention of their employees.
Other financial assignments will be undertaken for clients, including financial
advisory services. The profits generated from all the Financial Consulting
Assignments will be available for venture investment, through the second
division, The Merchant Banking Division.

The Merchant Banking Division has an in-house equity funding program, whereby
Daniels intends to profit by helping finance the growth of client, payroll
service companies, as well as non-payroll services companies. This division will
also profit by the purchase of equity in attractive small public companies whose
growth strategies are in line with Daniels' philosophy- growth through leveraged
acquisition(s).

The Company currently operates in a single dominant operating segment, as that
term is defined in Statements on Financial Accounting Standards (SFAS) No. 131,
DISCLOSURES ABOUT SEGMENTS OF AN ENTERPRISE.

The Company did not have any sales in 2005 and 2004 and therefore had no sales
in all geographic regions.

In order to help implement the Company's business plan by adding management and
financial resources, the Company acquired Daniels in October 2003, a corporation
focused on the payroll services market.  Daniels also provides certain financial
services to that same client company such as financial consulting, strategic
business and/or investment advice.  Daniels' Chairman and CEO, Arthur Viola, who
became the Company's President and CEO in late 2002, brings significant
corporate experience in building companies to the Company.

<page>5

Business Strategy

The Company intends to look at potential acquisitions in complementary areas of
corporate financial services and grow through internal sales and development
initiatives as well.  Due to the Company's physical presence in New York, the
Company expects that its business will initially be focused on the "Northeast
Corridor" from Boston to Washington plus the fast-growing Florida market.
Management believes that Florida is fast-growing due to its (i) above-average
population growth; (ii) a low-tax regulatory climate; (iii) a favorable climate
for small businesses including such things as State funded business incubators;
and (iv) a diverse population, all of which lead, in management's view, to
greater small business formation and correspondingly greater potential demand
for the Company's services.

The Company has earmarked ideal locations for its services and started its
market penetration in New York - through its 67 Wall Street, NY Location - and
also markets its business services and consulting services in Greenwich
Connecticut, Southern New Jersey and Western Pennsylvania.

As an additional means to potentially increase the size and scale of the
Company, we are also reviewing potential acquisitions of small and medium sized
payroll processing companies as well as companies that can provide "add-on"
services, including investment services to the client company and its employees.
Due to the numerous uncertainties associated with acquiring a company, the
Company does not have a definitive timetable on making its next acquisition.
However, the Company believes that making acquisitions can be an important
method to grow the Company as a complement to growing the Company internally.

Products and Services

The Company is a development stage entity.  The Corporate Financial Consulting
Division of the Company intends to advise payroll clients as well as non-
payroll client companies. This division will work with companies seeking to
create and/or acquire adjunct service businesses, whose services will initially
provide better lifestyles for its existing workforce, and ultimately will be
packaged, on an additional profit center basis, for sale to other small
companies for the retention of their employees. Other financial assignments
will be undertaken for clients, including investment banking services.  The
profits generated from all the Financial Consulting Assignments will be
available for venture investment, through the second division - The Merchant
Banking Division.

<page>6

The Merchant Banking Division intends to have an in-house equity funding
program, whereby Daniels will profit by helping finance the growth of client,
payroll service companies, as well as non-payroll services companies.   This
division will also profit by the purchase of equity in attractive small public
companies whose growth strategies are in line with Daniels' philosophy- growth
through leveraged acquisition(s).

Sales and Marketing

The Company intends to provide to its customers payroll and other services
including venture capital management, and busi-ness development/financial
advisory services.  The Company may also acquire debt or equity securities in
its clients in connec-tion with its business development and venture capital
management services.  Such transactions would occur if the Company determined
that acquiring a debt or equity security in its client would enhance the
Company's relationship with its client and would likely generate a positive
economic return to the Company.  The Company plans to market its services both
directly through referrals and indirectly through accounting firms.  We also
intend to do joint marketing with our clients by providing venture capital
management and working partner development (Merchant Banking) in exchange for
the client providing its network of corporate relationships to us for payroll
and ancillary services.  Our plan is that by providing several important
financial services for clients, we intend to develop valuable long term
relationships which would yield consistent revenue.

ITEM 3.	CONTROLS AND PROCEDURES

(a)  Our principal executive officer and principal financial officer has
evaluated the effectiveness of our disclosure controls and procedures (as
defined in Exchange Act Rules 13a-14 and 15d-14) as of a date within 90 days
prior to the filing date of this quarterly report and has concluded that our
disclosure controls and procedures are adequate.

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

(c)  Not applicable

<page>7

Code of Ethics:

We intend to adopt a code of ethics in 2005 that applies to our principle
executive officer, principal financial officer, principle accounting officer or
controller, other persons performing similar functions.  We intend to post the
text of our code of ethics on our website in connection with our "Investor
Relations" materials.  In addition, we intend to promptly disclose (1) the
nature of any amendment to our code of ethics that applies to our principle
executive officer principal financial officer, principle accounting officer or
controller, other persons  performing similar functions (2) the nature of any
wavier, including an implicit wavier, from a provision of our code of ethics
that is granted to one of these specific officers, the name of such person who
is granted the waiver and the date of the waiver on our web site in the future.
We do not currently have a code of ethics as this is a new regulatory
requirement and we are examining the various form and contents of other
companies written code of ethics, discussing the merits and meaning of a code of
ethics to determine the best form for our Company.

PART II- OTHER INFORMATION

ITEM 1.	LEGAL PROCEEDINGS

The Company is not a party to, and its properties are not the subject of, any
material pending legal proceeding nor to the knowledge of the Company, are any
such legal proceedings threatened against the Company.


ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE
	OF PROCEEDS

		None

Item 3.	DEFAULTS UPON SENIOR SECURITIES

		None

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

		None

Item 5.	OTHER INFORMATION

		None
<page>8

Item 6.	EXHIBITS AND REPORTS ON FORM 8-K

Exhibit
Number    	Description of Document
------    	-----------------------
 3.1 (1)   Articles of Incorporation*

 3.2 (1)   By-laws*

 21.1      Subsidiaries**

 23.1      Consent of Certified Public Accountants*

 31.1      Certification pursuant to Sarbanes-Oxley Section 302

 32.1      Certification pursuant to 18 U.S.C. Section 1350


(1)    Incorporated by reference to the Form 10-SB filed August 21, 2003
 *     Previously filed with Form 10-KSB-March 15, 2004
 **    Previously filed with Form 10-KSB/A- May 24, 2004

 (b) Reports on Form 8-K

 None

SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Date:  July 14, 2005


INFE-Human Resources, Inc.


By: /s/  Art Viola
     ------------------------------
Name:    Art Viola

Title:   Chief Executive Officer,
         Sole Director and Principal
         Financial Officer

<page>9