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: June 30, 2005

[_]      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)

     2002 Perimeter Summit Blvd., Suite 1275 Atlanta, GA             30319
           (Address of principal executive offices)                (Zip Code)

                                 (404-751-3450)
                           (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 [_]
Applicable only to corporate issuers:
State the number of shares outstanding of each of the issuers classes of common
equity, as of the latest practicable date: Common Stock, $.001 par value
178,483,385 shares issued and outstanding as of June 30, 2005.
Transitional Small Business Disclosure Format: Yes [_] No [X]


                                       1
<PAGE>

                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                         UNAUDITED FINANCIAL STATEMENTS
                               FOR THE PERIOD FROM
                                  April 1, 2005
                                       TO
                                  JUNE 30, 2005



                                       2
<PAGE>






<TABLE>
<CAPTION>
                                    Contents
--------------------------------------------------------------------------------
<S>                                                                        <C>
Financial statements
   Balance sheets                                                             4
   Statements of operations                                                   5
   Statements of changes in stockholders' deficit                           6-7
   Statements of cash flows                                                 8-9

Summary of significant accounting policies                                 10-11

Notes to the financial statements                                          12-14

</TABLE>





                                       3
<PAGE>



                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                      BALANCE SHEETS FOR THE PERIOD ENDING
                                  June 30, 2005
                                    UNAUDITED
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                                            2004            2005
---------------------------------------------------------------------------------------------------
<S>                                                                  <C>           <C>
                                     Assets
Current assets
     Cash                                                            $             $       6,634
---------------------------------------------------------------------------------------------------
       Total current assets                                                                6,634
---------------------------------------------------------------------------------------------------
Fixed assets
     Furniture and equipment not yet placed in service                                    20,322
---------------------------------------------------------------------------------------------------
       Total assets                                                  $             $      26,956
===================================================================================================

                      Liabilities and Stockholders' Deficit

Stockholders' deficit
   Preferred stock (100,000,000 shares $.001 par value
      authorized, none issued and outstanding)                       $         -   $           -
   Common stock (300,000,000 shares $.001 par value
      authorized, 178,483,385 issued and
        outstanding respectively)                                                        178,483
   Additional paid-in capital,                                                        39,455,351
   Accumulated deficit,                                                              (39,606,878)
---------------------------------------------------------------------------------------------------
     Total stockholders' deficit                                                          26,956
---------------------------------------------------------------------------------------------------
     Total liabilities and stockholders' deficit                   $              $       26,956
===================================================================================================
</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 OPERATIONS
                              FOR THE PERIOD ENDED
                                  June 30, 2005
                                    UNAUDITED
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
   Qtr ended                                        June 30            2005
------------------------------------------------------------------------------
<S>                                                            <C>
Revenue                                                                 0.0
------------------------------------------------------------------------------
General and administrative expenses
   Professional fees                                                100,000
   Bank charges                                                          36
------------------------------------------------------------------------------
Total general and administrative expenses                           100,036
------------------------------------------------------------------------------
Net loss                                                        $  (100,036)
==============================================================================

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

Weighted average number of shares of
  common stock outstanding                                      145,459,888
</TABLE>


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 CHANGES IN STOCKHOLDERS' DEFICIT
                              FOR THE PERIOD ENDED
                                  June 30, 2005
                                   UNAUDITED
--------------------------------------------------------------------------------
June 30, 2005
<TABLE>
<CAPTION>
                                                     Additional                            Total
                                        Common        paid-in          Accumulated       stockholders'
                                         stock        capital             deficit          deficit
------------------------------------------------------------------------------------------------------
<S>                               <C>            <C>                 <C>                 <C>
Balance, December 31, 2004        $  168,483     $ 39,365,351        $(39,606,878)       $  26,992
Common stock issued for
  professional fees                   10,000           90,000                              100,000
Shareholder cash contributions
Net loss                                                                 (100,036)        (100,036)
------------------------------------------------------------------------------------------------------
Balance, June 30, 2005            $  178,483     $ 39,455,351        $(39,506,842)       $  26,956
======================================================================================================
</TABLE>


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 CHANGES IN STOCKHOLDERS' DEFICIT
                              FOR THE PERIOD ENDED
                                  JUNE 30, 2005
                                   UNAUDITED
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Common stock shares issued and outstanding
<S>                                                                         <C>
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, December 31, 2004                                                 168,483,385
Common stock shares issued for professional fees                            10,000,000
--------------------------------------------------------------------------------------
Balance, June 30, 2005                                                     178,483,385
======================================================================================
</TABLE>


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)
                            STATEMENTS OF CASH FLOWS
                              FOR THE PERIOD ENDED
                                  JUNE 30, 2005
                                    UNAUDITED

--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                                     Period
                                                                     Ended
                                                                  June 30, 2005
--------------------------------------------------------------------------------
<S>                                                               <C>
Cash flows from operating activities
  Net loss                                                        $  (100,036)
  Adjustments to reconcile net loss to net
     cash used by operating activities
       Cost of common stock issued for
          services                                                    100,000
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
</TABLE>


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






                                       8
<PAGE>


                           SILVER SCREEN STUDIOS, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                              FOR THE PERIOD ENDED
                                  JUNE 30, 2005
                                    UNAUDITED
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                                                            For the
                                                                                          period ended
                                                                                         June 30, 2005
--------------------------------------------------------------------------------------------------------
<S>                                                     <C>               <C>              <C>
Net decrease in cash and cash equivalents                                                $        (36)
Cash and cash equivalents, beginning of year                                                    6,670
--------------------------------------------------------------------------------------------------------
Cash and cash equivalents, end of period                                                 $      6,634
========================================================================================================

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



See the summary of significant accounting policies, and the accompanying notes
to the financial statements. 7





                                       9
<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 June 30,
2005, 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.


                                       10
<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.


                                       11
<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:

                                                                   2005
-------------------------------------------------------------------------
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
June 30, 2005.

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 June 30, 2005, and continues to do
so.

NOTE 3 - LITIGATION

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

Group Management Corporation, a predecessor entity to the merger transaction,
was relieved of certain debt obligations. These debt obligations were a result
of a legal dispute between Group Management Corporation's debt holders and
related to the rights to conversion of the debt to the common stock of Group
Management Corporation, prior to the merger transaction.




See the summary of significant accounting policies.

                                       12
<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

During the period from inception (August 23, 2003) to June 30, 2005 the
Company's law firm received a total of 69,820,000 shares of common stock with an
aggregate value of $1,257,700 based on the publicly traded share price of the
Company's stock on the date the shares were issued, in exchange for legal
services. 36,600,000 valued at $925,500 were issued during the year ended
December 31, 2004 and 23,220,000 shares valued at $232,200 were issued during
the period from inception (August 2, 2003) to December 31, 2003. During the year
ended December 31, 2004 the law firm paid $12,500 directly to the Company's
auditors for services rendered in connection with the audit of the Company's
2003 financial statements.

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.

In addition, during the period (August 23, 2003) to December 31, 2004 the
Company has incurred marketing oriented consulting fees to various current
shareholders in the merged entity in exchange for a total of 32,780,700 shares
of common stock with an aggregate value of $527,807 based on the publicly traded
share price on the date the shares were issued. 15,000,000 shares valued at
$350,000 were issued during the year ended December 31, 2004 and 17,780,700
shares valued at $177,807 were issued during the period from inception (August
2, 2003) to December 31, 2003.




See  the summary of significant accounting policies.

                                       13
<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.

                                       14
<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 June 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.

Currently we have funded our operations by the payment of legal services with
our common stock. To date we have not generated any revenue since beginning
operation after the merger on August 22, 2003. We have several projects in
various stages of development and we anticipate the completion of several
projects during the 2005. 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 principal business
operations are in the entertainment content creation industry. Currently we are
operating without a full management team. Lamar Sinkfield acted as our chief
Executive officer and sole director since up to January , 2005 and he was
replaced by Otto Fletcher our current acting CEO and sole board member.

                                       15
<PAGE>

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 is exploring the process of registering an offering to raise funds to
fund our production slate of projects. However, we can offer no assurances that
we will raise any funds from the sale of our financial instruments. Our first
feature film Murder by Deception was officially completed during the quarter and
we expect to begin distribution of Murder by Deception during the second half of
2005.

We no longer have use of the production of facility located at 2905 Amwiler RD,
Atlanta, GA. We are currently searching for a facility to conduct our production
activities from and as of the date of this report we have not located a
facility.

We began and completed the feature film, The Music Games, during the quarter.
The film is currently being edited and has not been placed into service. 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 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. 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.

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 partners 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.


                                       16
<PAGE>

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.

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

                                       17
<PAGE>

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.

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


Results of Operations - For the Nine-Month Period Ended June 30, 2005 and 2004
------------------------------------------------------------------------------

Revenues. We generated no revenue during the quarter ended June 30, 2005.

Cost of revenues. We generated no revenues during the quarter ended June 30,
2005. However, we incurred legal fees and expenses associated with the merger of
August 22, 2003 and general legal fees and expenses associated with our
operations.

Gross Margin. Because we generated no revenue during the quarter ended June 30,
2005, we have a negative gross margin due to the incurring of operating
expenses.

Operating Expenses. Our operating expenses consist primarily of expenses for
executive and administrative personnel, professional and consulting services
expenses. We had operating expenses for the nine-month period ended June 30,
2004 of $200,000 compared to operating expenses of $0 during the same period in
the prior year. Our operating expenses increased due to costs reductions
associated with our merger and general operating expenses.

Net Loss. Our net loss for the nine-month period ended June 30, 2004 was
$100,036 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.


                                       18
<PAGE>

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

At June 30, 2005, we had total current tangible assets of $26,956 compared to
total current assets of $298,000 for the same period ending 2004. The decease in
current tangible assets reflects an adjustment made by our auditor in the
valuation of the assets carried on the balance sheet of the company.

We had fixed assets of $0 at June 30, 2004, compared to fixed assets of $0 at
September 30, 2002. Our total tangible assets were $289,000 at June 30, 2004
compared to total assets of $0 at September 30, 2002.

Our total current liabilities are $0.0 as of June 30, 2005 compared to total
current liabilities of $0 as of June 30, 2004. We had no long-term liabilities
as of June 30, 2005 and 2004. We have incurred no long term liabilities during
the periods ending on June 30, 2005.

We had a cash flow from operations of $ negative 100,036 during the three-month
period ended June 30, 2005 compared to a negative cash flow from operations of
$200,000 during the three-month period ended June 30, 2004. This negative cash
flow from operations during the three-month period ended June 30, 2004 is
principally the result of non-cash compensation. We had $36 in cash used in
investing activities during the nine-month period ended June 30, 2004 compared
to cash used of 0 during the same period in the prior year.

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

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<PAGE>

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

None.

Item 3. Default Upon Senior Securities

None.

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

None.

Item 5. Other Information

Group Management Corp. was the defendant in litigation regarding several alleged
short sellers. The litigation does not involve Silver Screen Studios, Inc. and
it is the belief of management, the plaintiffs have no standing against Silver
Screen Studios, Inc.



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<PAGE>



Item 6. Exhibits and Reports on Form 8-K

(a) Exhibits:

<TABLE>
Exh.                          Description                                                           Page
No.                                                                                                  No.
<S>                                                                                                  <C>
31.1  Certification of Otto Fletcher, 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 Otto Fletcher, 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/ Otto Fletcher, acting CEO
---------------------------------
Dated: August 12, 2005
Atlanta, GA



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