UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549
                                   Form 10-QSB

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

               For the quarterly period ended: September 30, 2006

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

          For the transition period from ____________ to _____________

                       Commission file number: 333-108534

                           Silver Screen Studios, Inc.
                           ---------------------------
        (Exact name of small business issuer as specified in its charter)

               Georgia                                    20-0097368
               -------                                    ----------
   (State or other jurisdiction                (IRS Employer Identification No.)
 of incorporation or organization)

          233 Peachtree Street
               Suite 1225
               Atlanta, GA                                   30303
               -----------                                   -----
(Address of principal executive offices)                   (Zip Code)

                                 (404-255-0400)
                                 --------------
                          (Issuer's telephone number)

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

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act) Yes [_] No [X]

Applicable only to corporate issuers:

State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date: Common Stock, $.001 par
value 254,483,385 shares issued and outstanding as of September 30, 2006.

Transitional Small Business Disclosure Format: Yes [_] No [X]

<PAGE>


                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                         UNAUDITED FINANCIAL STATEMENTS
                               FOR THE PERIOD FROM
                                  July 1, 2006
                                       TO
                               September 30, 2006


<PAGE>


                                    Contents
================================================================================


Financial statements
   Balance sheets                                                              2
   Statements of operations                                                    3
   Statements of changes in stockholders' deficit                            4-5
   Statements of cash flows                                                  6-7

Summary of significant accounting policies                                   8-9

Notes to the financial statements                                          10-12




<PAGE>


                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                      BALANCE SHEETS FOR THE PERIOD ENDING
                                 Sept. 30, 2006
                                    UNAUDITED

<TABLE>
<CAPTION>
==========================================================================================
                                                                   2005         2006
------------------------------------------------------------------------------------------

                                           Assets
Current assets
<S>                                                             <C>        <C>
     Cash                                                       $          $      6,598
------------------------------------------------------------------------------------------
       Total current assets                                                       6,598
------------------------------------------------------------------------------------------
Fixed assets
     Furniture and equipment not yet placed in service                           20,322
------------------------------------------------------------------------------------------
       Total assets                                             $          $     26,920
==========================================================================================

                            Liabilities and Stockholders' Deficit

Stockholders' deficit
   Preferred stock (100,000,000 shares $.001 par value
      authorized, none issued and outstanding)                  $      -   $          -
   Common stock (1,000,000,000 shares $.001 par value
      authorized, 218,483,385 issued and
        outstanding respectively)
                                                                                254,483
   Additional paid-in capital,                                               40,139,351
   Accumulated deficit,                                                     (39,506,842)
------------------------------------------------------------------------------------------
     Total stockholders' deficit                                                642,884
------------------------------------------------------------------------------------------
     Total liabilities and stockholders' deficit                $          $    642,884
==========================================================================================
</TABLE>


See the summary of significant accounting policies, and the accompanying notes
to the financial statements.


                                        2


<PAGE>


                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                              FOR THE PERIOD ENDED
                                 Sept. 30, 2006
                                    UNAUDITED

================================================================================
   Qtr ended                                   Sept. 30              2006
--------------------------------------------------------------------------------
Revenue                                                                   0.0
--------------------------------------------------------------------------------
General and administrative expenses
   Professional fees                                                   80,000
   Bank charges                                                            36
--------------------------------------------------------------------------------
Total general and administrative expenses                              80,036
--------------------------------------------------------------------------------
Net loss                                                        $     (80,036)
================================================================================

Loss per weighted average shares of common
  stock outstanding                                             $        (.01)

Weighted average number of shares of
  common stock outstanding                                        254,483,385



See the summary of significant accounting policies, and the accompanying notes
to the financial statements.



                                        3


<PAGE>


                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT
                              FOR THE PERIOD ENDED
                            Sept. 30, 2006 UNAUDITED

<TABLE>
<CAPTION>
===============================================================================================
Sept. 30, 2006

                                                   Additional                       Total
                                     Common         paid-in       Accumulated    stockholders'
                                     stock          capital         deficit        deficit
-----------------------------------------------------------------------------------------------
<S>                              <C>             <C>             <C>             <C>
Balance, June 30, 2006           $    218,483    $ 39,815,351    $(39,426,806)   $    362,920
Common stock issued for
  professional fees                    36,000         324,000                         360,000
Shareholder cash contributions
Net loss                                                              (80,036)        (80,036)
-----------------------------------------------------------------------------------------------
Balance, Sept. 30, 2006          $    254,483    $ 40,139,351    $(39,506,842)   $    642,884
===============================================================================================
</TABLE>


See the summary of significant accounting policies, and the accompanying notes
to the financial statements.



                                       4


<PAGE>


                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT
                              FOR THE PERIOD ENDED
                                 SEPT. 30, 2006

                                    UNAUDITED
================================================================================

Common stock shares issued and outstanding

Recapitalization of Group Management common
  stock shares on August 23, 2003 coincident
  to merger with Silver Screen Studios, Inc.                       75,882,685
Common stock shares issued for professional fees                   92,600,700
--------------------------------------------------------------------------------
Balance, June 30, 2006                                            218,483,385
Common stock shares issued for professional fees                   36,000,000
--------------------------------------------------------------------------------
Balance, Sept. 30, 2006                                           254,483,385
================================================================================

See the summary of significant accounting policies, and the accompanying notes
to the financial statements.




                                        5


<PAGE>


                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                              FOR THE PERIOD ENDED
                                 SEPT. 30, 2006
                                    UNAUDITED

================================================================================
                                                                     Period
                                                                      Ended
                                                                    Sept. 30,
                                                                       2006
--------------------------------------------------------------------------------
Cash flows from operating activities
  Net loss                                                          $  (80,036)
  Adjustments to reconcile net loss to net
     cash used by operating activities
       Cost of common stock issued for
          services                                                      80,000
--------------------------------------------------------------------------------
Net cash used by operating activities                                      (36)
--------------------------------------------------------------------------------
Cash flows from investing activities
    Increase in furniture and equipment                                      -
--------------------------------------------------------------------------------
Net cash used by investing activities                                        -
--------------------------------------------------------------------------------
Cash flows from financing activities
    Cash contributed to the company
     Furniture and equipment contributed to
     the company
--------------------------------------------------------------------------------
Net cash provided by financing activities
--------------------------------------------------------------------------------

See the summary of significant accounting policies, and the accompanying notes
to the financial statements.



                                       6

<PAGE>


                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                              FOR THE PERIOD ENDED
                                 SEPT. 30, 2006
                                    UNAUDITED

================================================================================
                                                                  For the
                                                                period ended

                                                                  Sept. 30,
                                                                    2006
--------------------------------------------------------------------------------
Net decrease in cash and cash equivalents                         $        (36)
Cash and cash equivalents, beginning of period                           6,634
--------------------------------------------------------------------------------
Cash and cash equivalents, end of period $                        $      6,598
================================================================================

Supplementary disclosures of cash flow information
  Cash paid during the year for:
       Interest expense                $        -    $        -   $          -
       Income taxes                             -             -              -
-


See the summary of significant accounting policies, and the accompanying notes
to the financial statements.


                                       7

<PAGE>


                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
================================================================================

Organization and merger transaction

Silver Screen Studios, Inc. ("the Company") was organized to engage in the
business of the development, production, financing and distribution of
entertainment related products. The Company was incorporated in the State of
Georgia in May of 2003. The Company is the result of a reverse holding company
merger formed by Group Management Corporation and SSSG Acquisition Corporation
on August 23, 2003.

On August 23, 2003, pursuant to an agreement and plan of merger, the Company
converted on a one for one basis 75,882,665 of its $.001 par value common stock
in exchange for all of the issued and outstanding $.002 par value common stock
of Group Management Corporation in the same share amount. The plan called for
Group Management Corporation to merge into SSSG Acquisition Corp., a merger
related subsidiary of the Company, with the Company remaining as the successor
reporting entity pursuant to Section 12(g)(3) (See Note 5.)

Since neither entity had any assets nor liabilities of substance prior to the
merger, for accounting purposes the acquisition has been treated as a
recapitalization of the shares of the Company with the Company as the acquirer
(reverse acquisition). The historical statements prior to August 23, 2003 are
those of the Company.

The Company trades on the Over the Counter Bulletin Board under the symbol SSSU.

Development stage enterprise

The newly constituted Company has only been in existence as an operating entity
since August 23, 2003 and is in the process of identifying and exploiting
commercially viable products that it can develop, produce and distribute. As
such, its planned principal operations had not as yet commenced as of Sept. 30,
2006, nor had it had revenue from its inception to that date. Consequently, the
Company remains in the development stage and its financial statements have been
presented consistent with that status.

Accounting basis and revenue recognition

The Company uses the accrual basis of accounting for financial statement and
income tax reporting. Expenses are realized when the obligation is incurred.




See and the accompanying notes to the financial statements.


                                       8


<PAGE>


                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
================================================================================

Estimates

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

Fixed assets

Fixed assets are stated at cost. Depreciation will be computed using accelerated
methods, once the assets are placed in service, over the following estimated
useful lives:

                                                                Estimated
Description                                                    useful life
--------------------------------------------------------------------------------
Furniture and fixtures                                           7 years
Equipment                                                        5 years

Income taxes

The Company accounts for income taxes using the asset and liability method as
required by Statement of Financial Accounting Standards No. 109, under which
deferred income tax assets and liabilities are determined based upon the
differences between financial statement carrying amounts and the tax bases of
existing assets and liabilities. Deferred income taxes also are recognized for
operating losses that are available to offset future taxable income.

Valuation allowances are established when necessary to reduce deferred income
tax assets to the amount expected to be realized. Income tax expense is the tax
payable or refundable for the period plus or minus the change during the period
in deferred income tax assets and liabilities.





See and the accompanying notes to the financial statements.


                                       9


<PAGE>


                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
================================================================================

NOTE 1 - INCOME TAXES

Temporary differences between the recognition of certain expense items for
income tax purposes and financial reporting purposes are as follows:

                                                                       2006
--------------------------------------------------------------------------------
Net operating loss to be carried forward                        $      421,422
Less: valuation allowance                                             (421,442)
--------------------------------------------------------------------------------
Net deferred tax asset                         $                $
================================================================================

The Company incurred no Georgia state income tax expense for the period ended
Sept. 30, 2006.

The Company has net operating loss carryovers of $1,685,687 to offset future
income tax. The net operating losses expire as follows:

December 31, 2013                                               $      410,031
             2014                                                    1,275,656

NOTE 2 - OPERATING FACILITIES

The Company maintains its offices in the premises of its law firm. The terms for
use of the space have not as yet been agreed upon by both parties. Consequently,
the Company has occupied its limited office space on a "rent free" basis for the
period from inception (August 23, 2003) to Sept. 30, 2006, and continues to do
so.

NOTE 3 - LITIGATION

The Company is currently not a party to any litigation that it is aware of.





See the summary of significant accounting policies.


                                       10

<PAGE>


                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
================================================================================

NOTE 3 - LITIGATION (CONTINUED)

Group Management Corporation's debt obligation of $1.1 million reflected on its
books prior to the merger transaction and the related rights were included as
part of the estate, and the estate of SSSG Acquisition Corporation was closed
pursuant to a judicial order, without distributions to the holders, granted in
United States Bankruptcy Court in the Northern District of Georgia on November
4, 2004.

NOTE 4 - EQUITY TRANSACTIONS

Coincident to and in the immediate period since the merger transaction on August
23, 2003, a shareholder contributed furniture and equipment principally
consisting of computer, sound and imaging equipment and software, valued at his
acquisition cost of $20,322 for no consideration. He also contributed a total of
$6,850 in cash to the Company of which $3,850 was contributed during the year
ended December 31, 2004 and $3,000 was contributed during the period from
inception (August 23, 2003) to December 31, 2003. Both the contributed cash and
the furniture and equipment have been reflected by the Company via corresponding
to credits to additional paid-in capital aggregating $6,850 and $23,322.








See the summary of significant accounting policies.

                                       11

<PAGE>


                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
--------------------------------------------------------------------------------

NOTE 5 - RESTATEMENT TO REFLECT STOCKHOLDERS' EQUITY SECTION OF AQUIREE AT DATE
OF MERGER AND INCEPTION OF COMPANY

At its inception the Company erroneously accounted for the acquisition of a
passive non-operating public shell company with no assets. The acquisition is
described in the "Summary of Significant Accounting Policies" under
"Organization and merger transaction." The financial statements for the period
from inception (August 23, 2003) to December 31, 2003 have been restated to
reflect the acquiree's stockholders' equity section as the beginning equity
section of the successor Company on the date of the merger and at the inception
date, and the simultaneous recapitalization of the shares of the Company to
reflect their new par value.

Total stockholders' equity at December 31, 2003 after the restatement is
$23,298, the same as before the restatement was made. The principal effect of
the correction was to increase additional paid-in capital by $37,669,390, common
stock by $151,765, and accumulated deficit by $37,821,155.

NOTE 6 - GOING CONCERN

These financial statements are presented on the basis that the Company is a
going concern. Going concern contemplates the realization of assets and the
satisfaction of liabilities in the normal course of business over a reasonable
period of time.

During the period from inception (August 23, 2003) to December 31, 2004, the
Company incurred losses aggregating $1,685,687 as it remained a development
stage entity. $1,275,656 of the losses were incurred during the year ended
December 31, 2004 and $410,031 of the losses were incurred during the period
from inception (August 23, 2003) to December 31, 2003. The Company's continued
existence in the current and prior period has been dependent on advances and
contributions from individuals, and the issuance of equity securities in
exchange for professional fees. The ability of the Company to continue as a
going concern is dependent on generating revenue from its planned businesses and
obtaining additional capital and financing.

The Company's management is hopeful that its ongoing efforts to generate revenue
and raise additional capital through the sale of equity securities and debt
instruments will provide additional cash flows. However, there is no assurance
that the Company will be able to obtain additional funding.

The financial statements do not include any adjustments that might be necessary
if the Company is unable to continue as a going concern.

See the summary of significant accounting policies.


                                       12

<PAGE>

Item 2. Management's Discussion and Analysis

Forward-Looking Statements; Market Data
---------------------------------------

Forward-Looking Statements: This report and other statements issued or made from
time to time by Silver Screen Studios, Inc. contain statements which may
constitute "Forward-Looking Statements" within the meaning of the Securities Act
of 1933, as amended and the Securities Exchange Act of 1934 by the Private
Securities Litigation Reform Act of 1995, 15 U.S.C.A. Sections 77Z-2 and 78U-5
(SUPP. 1996). Those statements include statements regarding the intent, belief
or current expectations of the Company, its officers and directors and the
officers and directors of the Company's subsidiaries as well as the assumptions
on which such statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ materially
from those contemplated by such forward-looking statements.

We make forward-looking statements in this management discussion and analysis.
These forward-looking statements include, but are not limited to, statements
about our plans, objectives, expectations, intentions and assumptions and other
statements that are not historical facts. We generally intend the, words
"expect", "anticipate", "intend", "plan", "believe", "seek", "estimate" and
similar expressions to identify forward-looking statements.

This discussion contains certain estimates and plans related to the industry in
which we operate. The estimates and plans assume that certain events, trends and
activities will occur, of which there can be no assurance. In particular, we do
not know the future level of growth of the industry we operate in, and
particularly the level of growth of the entertainment industry and our ability
to implement our plan of operations for selling entertainment products and
services on-line and through direct marketing based upon our business model.
Following the end of the quarter ended Sept. 30, 2005, we commenced
implementation of our plan to increase our operating cash flows by the
production of entertainment related products. If our assumptions are wrong about
any events, trends and activities, then our estimates for future growth from our
business operations may also be wrong. There can be no assurance that any of our
estimates as to our business growth will be achieved.

Current Operations:

For the quarter ended on Sept. 30, 2006 the Company was in the process of
restructuring its current operations. The Company felt it was in the best
interest of the shareholders to diversify its business model to include
strategic business units in the areas of real estate, entertainment and
financial services.


<PAGE>


The Company hired a real estate consultant to assist it in the evaluation of
opportunities and to assist it in the formation of a business plan in the real
estate sector. To date the Company has identified several opportunities and will
upon financing, undertake to commence operations. We feel given our resources
and abilities, our resources should be focused on the financing and acquisition
of distressed assets. The distressed assets sectors will allow us to acquire
assets and redeploy the asset with a minimum capital investment. It is our
future plan to acquire distresses assets in bulk to establish economies of scale
and financing opportunities.

We feel the entertainment industry offers the Company an avenue where the
barriers to entry are such that the Company can enter and achieve a competitive
position given its resources. We have the current ability and expertise to
develop and produce small feature films and videos for a direct to the consumer
distribution model. Our competitive advantage is that we own the means of
production and we originate and develop our creative ideas in-house, hence we do
not have the developmental costs our competitors have.

If our assumptions are wrong about any events, trends and activities, then our
estimates for future growth from our business operations may also be wrong.
There can be no assurance that any of our estimates as to our business growth
will be achieved.

Our business operations are very cash intensive, and currently we do not have
the capital resources to fund our production operations. However, our legal
counsel and internal investment banking unit are exploring the process of
registering an offering to raise funds to fund our projects. However, we can
offer no assurances that we will raise any funds from the sale of our financial
instruments. We are in development of several websites and streaming media sites
that will allow us to distribute our content to a global audience. The
development of the streaming websites we anticipate will increase the company's
potential to generate revenue, but there are no assurances the projects will be
successful.

                          PUBLISHING AND MEDIA DIVISION

Our wholly owned operating division Millennium Publishing is the literary
content acquisition vehicle used by the company to source and to develop
literary content that is adapted or developed into screenplays that the company
develops into video or film projects. As of the end of the second quarter,
Millennium Publishing has completed two novels, Heirs to Murder and Murder Times
2.

We feel the publishing industry offers the Company an opportunity to enter an
industry where the capital outlay is minimum, but the real can be enormous. The
publishing industry's financing dynamics suite our cash flow position where we
can acquire the rights to a projects for a minimum up front cost and the costs
resulting to the company will be the publication, marketing and distribution
fees. We believe that out experience in the media production sector will give us
a cost advantage in the production of marketing material that out similar
situated competitor do not enjoy.


<PAGE>

The novel Heirs to Murder has also been adapted into a feature length
screenplay. Both novels will be released to the public as e-books and a limited
print edition of each novel will also be released. We have also acquired the
rights to two additional novels, The Set-Up and The Single Life. We anticipate
that both of these novels will be released during the coming quarter. If
successful in their release, these projects will provide the Company with a cash
flow source that can be leveraged to finance other company projects.

Our current plans regarding Millennium Publishing is the development of a third
novel, Unit 1-A, the first draft has been completed and the editing process will
commence once we receive the manuscript from the writer. We intend to develop
the novel Unit 1-A into a feature length screenplay and if the monetary
resources permit which we estimate at $2.5 million, we will then begin
production on a feature length film project of the screenplay.

We have partnered with a joint venture partner to development novels, films and
other entertainment related products. Our joint venture partner assists us in
the development, financing and production of our projects

We are also developing the third installment of the action adventure series
tentatively title: The Root of All Evil: The Final Battle. This installment will
complete a trilogy beginning with Heirs to Murder, Unit 1-A and The Root of All
Evil: The Final Battle. The company anticipates it will use in its ABS financing
model to fund the production of the series. Each of the novels will be released
as e-books as well as limited print versions and furthermore, each developed
into a feature length scripts for either direct to DVD or a limited theatrical
exhibition.

                               PRODUCTION DIVISION

The company conducts its production operations through its wholly owned
subsidiary GreenLight Productions, Inc. GreenLight Productions, Inc. acts as the
primary production company on all of the company's projects as well as out
sourced projects. Greenlight Productions' equipment consists of 3 Apple
Computers, G-5, 2.0 Dual processor workstations all equipped with Final Cut Pro
HD as well as Shake 3.5, Adobe After Effects 6.5, Adobe Photoshop, Adobe
Illustrator, Logic Pro 6.5, DVD Pro 3.0 as well as numerous other specialized
production software. The G-5 HD workstation is also equipped with the AJA Kona
HD card as well as the breakout module. Greenlight Productions also has the use
of 2 Panasonic DVX-100A 24p production cameras both equipped with the anamorphic
lens adapter for widescreen HD production. Greenlight recently acquired the use
of the Lowell Super Ambi light kit to assists it in its production capabilities.


<PAGE>

Moreover, Greenlight has recently acquired a 10'x24' green screen as well as a
15'x24' blue screen to be used in its chroma keying production capacity. In
addition to the above the company has acquired for evaluation a Samsung 23" HD
LCD monitor that, if acquired, will be used in a color grading suite consisting
of an Apple G-5, 2.0 dual processor, using the Synthetic Aperture Color Grading
Software, Keylight. We believe acquisition of the Keylight software will give
the company a strategic cost advantage over it competitors because the company
will be able to color grade its productions in-house and save the estimated $350
per hour post production houses charge for the equivalent service.


                              FINANCING OPERATIONS

The company conducts its financing operations through its wholly owned
subsidiary Media Finance Corporation, ("MFC"). MFC is organized to use asset
backed securities, ("ABS") as well as traditional means of financing to raise
operating capital to fund the company's operations. MFC developed an off balance
sheet asset backed securities, (ABS) financing model to assists in raising
capital to fund the company's operations. The ABS financing model uses the
intellectual property developed or acquired by the company, and projects a cash
flow analysis of the revenue streams of the intellectual property and through
special propose entities issues debt or equity backed by the cash flows of the
intellectual property. The company is considering plans to will allow MFC to
file its own registration statement and trade in the market under its own
ticker.

Our restructuring activities include a financial services strategic business
unit. It is our plans to develop the SBU into a multi line commercial financing
operation. Our initial focus will be on establishing relationships in the
commercial real estate financing sector and designing financial instruments that
will enable the Company to finance it on going operations.

We are exploring ways to utilize the Georgia Investment Tax Credits for Film
Productions, as well as the Federal Tax Credit for Film Production.

<PAGE>


Results of Operations - For the Three-Month Period Ended Sept. 30, 2006.
------------------------------------------------------------------------

Revenues. We generated no revenue during the quarter ended Sept 30, 2006.

Cost of revenues. We generated no revenues during the quarter ended Sept. 30,
2006. However, we incurred consulting expenses associated with the restructuring
of our business operations during the period.

Gross Margin. Because we generated no revenue during the quarter ended Sept. 30,
2006, we have a negative gross margin due to the incurring of operating
expenses.

Operating Expenses. Our operating expenses consist primarily of professional and
consulting services expenses. We had operating expenses for the three-month
period ended Sept. 30, 2006 of $80,000 compared to operating expenses of $0
during the same period in the prior year. Our operating expenses increased due
to costs associated with our restructuring activities.

Net Loss. Our net loss for the three-month period ended Sept. 30, 2006 was
$80,036 compared to a net loss of $0 during the same period in the prior year.
The increase in our net loss was primarily due to the incurring of legal fees
and consulting and professional fees.

Liquidity and Capital Resources.
--------------------------------

At Sept. 30, 2006, we had total current tangible assets of $26,956 compared to
total current assets of $26,956 for the same period ending 2005. Our
intellectual property consisting of manuscripts and screenplays has not been
valued as of the end of the period. Upon completion of the development phase of
each project and the placing into service of each project, a value will be place
on each project.

We had fixed assets of $0 at Sept. 30, 2006, compared to fixed assets of $0 at
September 30, 2002. Our total tangible assets were $0.0 at Sept. 30, 2005
compared to total assets of $289, at Sept. 30, 2004.

Our total current liabilities are $0.0 as of Sept. 30, 2006 compared to total
current liabilities of $0 as of Sept. 30, 2005. We had no long-term liabilities
as of Sept. 30, 2006 and 2005. We have incurred no long term liabilities during
the periods ending on Sept. 30, 2006.

We had a cash flow from operations of $ negative 80,036 during the three-month
period ended Sept. 30, 2006 compared to a negative cash flow from operations of
$0.0 during the three-month period ended Sept. 30, 2005. This negative cash flow
from operations during the three-month period ended Sept. 30, 2006 is
principally the result of non-cash compensation. We had $36 in cash used in
investing activities during the three-month period ended Sept. 30, 2006 compared
to cash used of $36 during the same period in the prior year.


<PAGE>


We do not have existing capital resources available that are sufficient to fund
our operations and capital requirements as presently planned over the next
twelve months. We are actively pursuing additional funds through the issuance of
debt and/or equity instruments. There can be no assurance that additional funds
will become available at terms and conditions satisfactory to the Company, if at
all. As discussed in Note 8 to the financial statements, the Company has
suffered losses from operations, and is dependent upon management and/or
shareholders to provide sufficient working capital to maintain continuity. These
circumstances create substantial doubt about the Company's ability to continue
as a going concern. The financial statements do not include any adjustments that
might result from the outcome of this uncertainty.

Our limited capital resources and negative cash flow from operations may make it
difficult to borrow funds. The amount and nature of any borrowing by us will
depend on numerous factors, including our capital requirements, potential
lenders' evaluation of our ability to meet debt service on borrowing and the
then prevailing conditions in the financial markets, as well as general economic
conditions. To the extent that additional debt financing proves to be available,
any borrowing will subject us to various risks traditionally associated with
indebtedness, including the risks of interest rate fluctuations and
insufficiency of cash flow to pay principal and interest.

Item 3.    Controls and Procedures

a. Within the 90 days prior to the date of this report, our president, executive
officer carried out an evaluation of the effectiveness of the design and
operation of our disclosure controls and procedures pursuant to Exchange Act
Rule 13a-14. Based upon that evaluation, the Company's president, chief
executive officer, we concluded that our disclosure controls and procedures are
effective in timely alerting the Company to material information relating to the
Company (including its consolidated subsidiaries) required to be included in our
periodic SEC filings.

b. There have been no significant changes in our internal controls or in other
factors that could significantly affect internal controls subsequent to the date
we carried out this evaluation.

                           PART II. OTHER INFORMATION

Item 1. Legal Proceedings

Reference is made to Footnote 5 to the Notes to Financial Statements.

Item 2. Changes in Security


<PAGE>

None.

Item 3. Default Upon Senior Securities

None.

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

None.

Item 5. Other Information


<PAGE>


Item 6. Exhibits and Reports on Form 8-K

(a) Exhibits:

<TABLE>
<CAPTION>
Exh.                                                                                                Page
No.                                            Description                                           No.
<S>   <C>                                                                                           <C>
31.1  Certification of Barry Thomas, CEO of Silver Screen Studios, Inc., pursuant to 18               **
      U.S.C.ss.1350, as adopted pursuant to ss.302 of the Sarbanes-Oxley Act of 2002.)
32.1  Certification of Barry Thomas, CEO of Silver Screen Studios, Inc., pursuant to 18               **
      U.S.C.ss.1350, as adopted pursuant to ss.906 of the Sarbanes-Oxley Act of 2002.
* Filed with the Company's Form 10-SB/12g. and incorporated by reference herewith.
** Filed herewith.
</TABLE>



                                   SIGNATURES

In accordance with Section 12 or 15(d) of the Exchange Act, the Registrant has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

Silver Screen Studios, Inc.
By: /s/ Barry Thomas, acting CEO
--------------------------------
Dated: November 12, 2006.
Atlanta, GA