**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**





**FORM
      10-QSB**


(Mark
      One)





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





**For
      the Quarter ended March 31, 2007**





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





For
      the
      transition period from ___________ to _____________





**Commission
      file number: 0-31457**





**NUEVO
      FINANCIAL CENTER, INC.**


(Name
      of
      small business issuer in its charter)





**DELAWARE**
            **5045**
            **23-3048444**(State
                or other jurisdiction of
              incorporation
                or organization)
            (Primary
                Standard
              Industrial
                Classification)
            (I.R.S.
                Employer
              Identification
                No.)





**2112
      Bergenline Avenue,**


**Union
      City, NJ 07087**





(Address,
      including zip code, and telephone number, including area code, of


registrant's
      principal executive offices)





**Telephone:
      (201) 537-0956**





(Issuer's
      telephone number)










(Former
      name or former address, if changed since last report)





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





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





COMMON
      STOCK


(Title
      of
      Class)





Check
      whether the issuer (1) has 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 Indicate by check mark whether the registrant (1) has filed all reports
      required to be filed by Section 13 or 15(d) of the Securities Exchange Act
      of
      1934 during the preceding 12 months (or for such shorter period that the
      Registrant was required to file such reports), and (2) has been subject to
      such
      filing requirements for the past 90 days. x Yes
o No





State
      the
      number of shares outstanding of each of the issuer's classes of common equity,
      as of the latest practicable date: 26,168,223 as of May 31, 2007.




1




**PART
      1 - FINANCIAL INFORMATION**





**Item
      1.**  **Financial
      Statements**





**NUEVO
      FINANCIAL CENTER, INC.**


**CONDENSED
      BALANCE SHEET**


**March
                  31, 2007**(unaudited)ASSETSCurrent
                  AssetsCash
              
              $
              86,260Commissions
                  receivable, net
              
              
              86,442Inventory
              
              
              23,278Prepaid
                  insurance
              
              
              3,901Prepaid
                  income taxes
              
              
              250Total
                  current assets
              
              
              200,131Property
                  and equipment, net
              
              
              412,945Other
                  assetsSecurity
                  deposits
              
              
              41,674Total
                  assets
              
              $
              654,750LIABILITIES
                  AND SHAREHOLDERS’ DEFICITLiabilitiesCurrent
                  liabilitiesAccounts
                  payable
              
              $
              848,959Notes
                  payable
              
              
              1,554,275Total
                  current liabilities
              
              
              2,403,234Long-term
                  liabilitiesLong-term
                  notes payable
              
              
              155,368Total
                  Liabilities
              
              
              2,558,602Commitment
                  and ContingenciesShareholders’
                  deficitCommon
                    stock, 100,000,000 shares, $.001 par stock authorized, 25,668,223
                    shares issued and outstanding
              
              
              25,668Additional
                  paid-in capital
              
              
              3,386,320Treasury
                  stock subscription receivable
              
              
              (350,000
              )Accumulated
                  deficit
              
              
              (4,965,840
              )Total
                  shareholders’ deficit
              
              
              (1,903,852
              )Total
                  liabilities and shareholders’ deficit
              
              $
              654,750





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




2




**NUEVO
      FINANCIAL CENTER, INC.**


**CONDENSED
      STATEMENTS OF REVENUES AND EXPENSE**


**FOR
      THE THREE MONTHS ENDED MARCH 31,**


****


**2007**
              
              **2006**Revenue
              
              $
              671,360
              
              $
              787,063Cost
                  of sales
              
              
              400,430
              
              
              469,609Gross
                  profit on sales
              
              
              270,930
              
              
              317,454Total
                  general and administrative expenses
              
              
              498,931
              
              
              445,870Loss
                  from operations
              
              
              (228,001
              )
              
              (128,416
              )Other
                  income and (expense)Miscellaneous
                  income
              
              
              -
              
              
              2,500Interest
                  income
              
              
              672
              
              
              -Loss
                  on abandonment of assets
              
              
              -
              
              
              (27,270
              )Penalties
              
              
              (13,236
              )
              
              (1,779
              )Interest
                  expense
              
              
              (42,760
              )
              
              -Net
                  loss
              
              $
              (283,325
              )
              $
              (154,965
              )Weighted
                  average shares outstanding:Basic
              
              
              25,668,223
              
              
              23,700,000Diluted
              
              
              45,582,912
              
              
              24,879,347Net
                  loss per common share:Basic
              
              $
              (0.01
              )
              $
              nilDiluted
              
              $
              nil
              
              $
              nil




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





3





**NUEVO
      FINANCIAL CENTER, INC.**


**CONDENSED
      STATEMENTS OF CASH FLOWS**


**FOR
      THE THREE MONTHS ENDED MARCH 31,**




**2007**
              
              **2006**Cash
                  flows from operating activitiesNet
                  loss
              
              $
              (283,325
              )
              $
              (154,965
              )Adjustments
                    to reconcile net income to net cash used
                    in operating activitiesDepreciation
              
              
              3,911
              
              
              11,150Compensation
                  expense for share-based payments
              
              
              -
              
              
              670(Increase)
                  decrease in:Accounts
                  receivable
              
              
              (56,214
              )
              
              (2,680
              )Inventory
              
              
              (20,297
              )
              
              3,994Prepaid
                  insurance
              
              
              1,507
              
              
              -Increase
                  (decrease) in:Accounts
                  payable and accrued liabilities
              
              
              66,532
              
              
              (4,065
              )Net
                  cash used in operating activities
              
              
              (287,886
              )
              
              (118,626
              )Cash
                  flows from investing activitiesAcquisition
                  of equipment
              
              
              -
              
              
              (3,514
              )Net
                  cash used in investing activities
              
              
              -
              
              
              (3,514
              )Cash
                  flows from financing activitiesNotes
                  payable
              
              
              (30,357
              )
              
              -Proceeds
                  from convertible note
              
              
              -
              
              
              91,973Net
                  cash used in financing activities
              
              
              (30,357
              )
              
              91,973Net
                  increase (decrease) in cash
              
              
              (318,243
              )
              
              (30,167
              )CashBeginning
                  of year
              
              $
              404,503
              
              $
              90,873End
                  of quarter
              
              $
              86,260
              
              $
              60,706Supplemental
                  disclosures:Interest
                  paid
              
              $
              7,623
              
              $
              -Taxes
                  paid
              
              $
              -
              
              $
              -




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




4




**NUEVO
      FINANCIAL CENTER, INC,**


**NOTES
      TO CONDENSED FINANCIAL STATEMENTS**


**March
      31, 2007**





**NOTE
      1 -** ***ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING
      POLICIES***





***Organization***





Nuevo
      Financial Center, Inc. (“Company”, “Registrant” or “Nuevo”), formerly Millennium
      Capital Venture Holdings, Inc. (“MCVH”), was incorporated in the State of
      Delaware on June 2, 2000. Nuevo provides telecommunication, long distance
      service, wire transfers service, phone cards, internet, cellular, accessories,
      bill payment, and other related products and service through retail stores.





***Interim
      Financial Statements***





The
      accompanying interim unaudited financial information has been prepared pursuant
      to the rules and regulations of the Securities and Exchange Commission. Certain
      information and footnote disclosures normally included in financial statements
      prepared in accordance with accounting principles generally accepted in the
      United States of America have been condensed or omitted pursuant to such rules
      and regulations. In the opinion of management, all adjustments, consisting
      only
      of normal recurring adjustments, necessary to present fairly the financial
      position of the Company as of March 31, 2007 and the related operating results
      and cash flows for the interim period presented have been made. The results
      of
      operations of such interim period are not necessarily indicative of the results
      of the full year. This financial information should be read in conjunction
      with
      the Consolidated Financial Statements and Notes thereto included in the
      Company’s Annual Report on Form 10-KSB for the year ended December 31, 2006.
      There have been no changes in significant accounting policies since December
      31,
      2006.




***Going
      Concern***





As
      shown
      in the accompanying financial statements, the Company has incurred net losses
      of
      $283,325 and $154,965 during the three months ended March 31, 2007 and 2006,
      respectively. These conditions create an uncertainty as to the Company’s ability
      to continue as a going concern. Management plans to continuously monitor its Company-owned stores by new marketing strategies,
      increasing its gross margins, and through the introduction of new products
      and
      services. The
      financial statements do not include any adjustments that might be necessary
      if
      the Company is unable to continue as a going concern.




***New
      Accounting Pronouncements***





In
      February 2007, the Financial Accounting Standards Board (“FASB”) issued
      Statement of Financial Accounting Standards (“SFAS”), “The Fair Value Option for
      Financial Assets and Financial Liabilities - Including an amendment of FASB
      Statement No. 115” (“SFAS 159”). SFAS 159 allows companies to choose to measure
      many financial instruments and certain other items at fair value. SFAS 159
      will
      become effective for the Company beginning in fiscal 2009. The Company is
      currently evaluating what effects the adoption of SFAS 159 will have on the
      Company’s future results of operations and financial condition.





**NOTE
      2 -** ***COMMITMENTS AND CONTINGENCIES***





***Litigation***




In
      2006,
      the Company was named as an additional defendant in a lawsuit against the City
      of New York for an alleged slip and fall which purportedly occurred near a
      former location of the Company. At this time, the Company has no information
      as
      to the extent of the claim and has hired an attorney to investigate the matter
      further.




There
      is
      no other litigation currently pending or being threatened by or against the
      Company.




5




**NUEVO
      FINANCIAL CENTER, INC,**


**NOTES
      TO CONDENSED FINANCIAL STATEMENTS**


**March
      31, 2007**





**NOTE
      2 -** ***COMMITMENTS AND CONTINGENCIES (continued)***





***Guarantee***





In
      December 2002, the FASB issued Interpretation No. 45, “Guarantor’s Accounting
      and Disclosure Requirements (“FIN 45”).” FIN 45 requires the disclosure of any
      guarantees in place at December 31, 2002 and the recognition of a liability
      for
      any guarantees entered into or modified after that date.





As
      part
      of the daily services provided to customers, the Company acts as an agent and
      will collect and remit funds internationally through an agreement with
      third-party transmitters. These funds are held in safes at the Company’s various
      retail locations, until picked up by these third parties, which can vary from
      several times a day to a few times per week. The Company has guaranteed, under
      agreements entered into between 1999 and 2003, the payment of all sums due
      and
      owing to these third parties. In the event of default, the Company is liable
      for
      any amounts due, along with any attorney’s fees and costs associated with the
      enforcement of terms.





For
      the
      three months ended March 31, 2007, the Company held a total of $126,709
      throughout its various locations . The
      Company has included these amounts as accrued liabilities at the end of the
      period.





**NOTE
      3 -** ***SUBSEQUENT EVENTS***





On
      April
      11, 2007, Vision exercised their option to convert $100,000 of the principal
      amount of the Secured Note into 500,000 shares of Common Stock at a price of
      $.20 per share of Common Stock.





On
      April
      16, 2007, Timothy Gardner, a Director of the Company, was nominated and elected
      to the office of Secretary of the Company.





On
      April
      16, 2007, the Consulting Agreement between the Consultant Investments, LLP
      and
      the Company dated January 31, 2005, was terminated.





**Item
      2** .  ***MANAGEMENT'S
      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
      OPERATIONS***





The
      previous discussion and other sections of this Form 10-QSB contain
      forward-looking statements that have been made pursuant to the provisions of
      the
      Private Securities Litigation Reform Act of 1995. These forward-looking
      statements are based on current expectations, estimates and projections about
      our industry, management's beliefs and certain assumptions made by management.
      Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks,"
      "estimates," "may," and similar expressions are intended to identify
      forward-looking statements. These statements are not guarantees of future
      performance and actual actions or results may differ materially. These
      statements are subject to certain risks, uncertainties and assumptions that
      are
      difficult to predict. The Company undertakes no obligation to update
      publicly


any
      forward-looking statements as a result of new information, future events or
      otherwise, unless required by law. Readers should, however, carefully review
      the
      risk factors included in other reports or documents filed by the Company from
      time to time with the Securities and Exchange Commission.





6




**NUEVO
      FINANCIAL CENTER, INC,**


**NOTES
      TO CONDENSED FINANCIAL STATEMENTS**


**March
      31, 2007**





***Results
      of Operations***





***For
      the Three Months Ended March 31, 2007 as compared to March 31,
      2006***





Net
      sales
      of company-owned stores for the three months ended March 31, 2007 decreased
      $115,703, or 14.7% to $671,360 as compared to the same period in 2006. Such
      decrease was primarily due to the fact that
      there were four more stores in operation during the same period in 2006. For
      the
      three months ended March 31, 2007, the Company’s revenue was generated as
      follows: 28% from long distance telephone calls, 23% from prepaid cellular
      cards
      and prepaid long distance phone cards, 15% from wire remittance services, and
      14% from the sale of cellular phones and related commissions from service
      activations. The remaining 20% was derived from miscellaneous services, such
      as
      internet access, bill payment, income tax preparation, photo IDs, courier and
      mailbox services, faxing and copying.




The
      Company had a net loss of $283,325 for the three months ended March 31, 2007,
      an
      increase of $128,360 or 82.8% as compared to a loss of $154,965 for the same
      period in 2006. Such increase in the net loss was primarily due to (i) a
      decrease in gross profit of $46,524; (ii) an increase in general and
      administrative expenses of $95,821 primarily due to increases in salaries and
      related payroll taxes of $192,898 from the hiring of retail store managers
      and
      other staff, interest expense of $37,520 related to the debt, advertising and
      promotion of $17,121, and various other expenses of $26,202, which was partially
      offset by decreases in cleaning and maintenance of $72,215 as the Company
      reduced its use of outside cleaning services, consulting fees of $59,213 and
      various other expenses of $46,492, and (iii) which were partially offset by
      a
      decrease in other expenses of $13,985.




***Liquidity
      and Capital Resources***




As
      of
      March 31, 2007, the Company had negative working capital of $2,203,103 and
      cash
      on hand of $86,260.




During
      the three months ended March 31, 2007, the Company’s operating activities used
      $287,886 of cash. This was principally due to the net loss of $283,325, an
      increase in accounts receivable of $56,214, and an increase in inventory
      $20,297, partially offset by non-cash items of $3,911 decreases in prepaid
      insurance of $1,507 and an increase in accounts payable and accrued liabilities
      of $66,532. The Company believes it can improve its operating cash flows by
      continuously monitoring its Company-owned stores by new marketing strategies,
      increasing its gross margins, through the introduction of financial products
      and
      services, cost containment, among other things.





For
      the three months ended March 31, 2007, cash flows used in investing activities
      were zero.




For
      the three months ended March 31, 2007, cash flows used in financing activities
      were $30,357 attributable to the reduction of debt.





The
      Company does not currently have sufficient financial resources to fund its
      current operations for the year ended December 31, 2007. However, the Company
      is
      seeking additional capital to fund its operations and to execute its revised
      business plan. However, there can be no assurance that the Company will be
      able
      to secure such additional financing or whether such financing, if obtained,
      will
      be available on terms favorable to the Company.





***Plan
      of Operation***





The
      following plan of operation for the Company covers the twelve (12) month period
      commencing from the date of this quarterly report.




7




**NUEVO
      FINANCIAL CENTER, INC,**


**NOTES
      TO CONDENSED FINANCIAL STATEMENTS**


**March
      31, 2007**





The
      Company will continue to review and improve its existing operations by
      monitoring store performance, introducing new products and services,
      implementing aggressive marketing programs, and instituting employee sales
      training programs, cost containment, amongst other things.





As
      part of these initiatives, the Company is seeking to expand its predominantly
      telecommunications based operations into “financial centers”. As such, the
      Company proposes to offer higher margin financial products, such as real estate,
      travel, insurance, mortgages and other financial products and services to its
      customers.





In
      addition to seeking
      the financing it requires to implement its conversion and expansion strategy.
      The Company has defined a list of actions to achieve its growth plans that
      it
      hopes to implement in 2007:




·
            Secure
                key strategic partnerships with financial institutions and Latin
                America
                retailers




·
            Complete
                strategic acquisitions for select financial services with license
                requirements




·
            Receive
                permits and licenses to provide financial services not secured through
                acquisition




·
            Institute
                a centralized technology platform and database to process financial
                transactions




·
            Implement
                aggressive market campaigns to the Hispanic
                community




·
            Develop
                a turnkey franchise program




·
            Create
                e-commerce website, and




·
            Recruit
                a world class management team.




***Off-Balance
      Sheet Arrangements***





An
      off-balance sheet arrangement is any contractual arrangement involving an
      unconsolidated entity under which a company has (a) made guarantees,
      (b) a retained or a contingent interest in transferred assets, (c) any
      obligation under certain derivative instruments or (d) any obligation under
      a material variable interest in an unconsolidated entity that provides
      financing, liquidity, market risk, or credit risk support to the company, or
      engages in leasing, hedging, or research and development services within the
      company.




The
      Company does not have any off-balance sheet financing or unconsolidated variable
      interest entities, with the exception of certain guarantees on leases.





**Item
      3.**   ***CONTROLS
      AND PROCEDURES***





***Evaluation
      of Disclosure Controls and Procedures***




Under
      the
      supervision and with the participation of the Company’s management, including
      its Chief Executive Officer and Chief Financial Officer, the Company has
      evaluated the effectiveness of the design and operation of its disclosure
      controls and procedures (as such term is defined in Rule 13a-15(e) under the
      Securities Exchange Act of 1934 (the “Exchange Act”). Disclosure controls and
      procedures are the controls and other procedures that the Company designed
      to
      ensure that it records, processes, summarizes and reports in a timely manner
      the
      information it must disclose in reports that it files with or submits to the
      Securities and Exchange Commission under the Exchange Act. Based on this
      evaluation, the Company’s Chief Executive Officer and Chief Financial Officer
      concluded that the Company’s disclosure controls and procedures were effective
      as of the end of the period covered by this report.




8




***Changes
      in Internal Controls***





There
      have been no material changes in the Company’s internal controls over financial
      reporting, or in other factors that could materially affect, or are reasonably
      likely to affect, its internal controls over financial reporting during the
      quarter ended March 31, 2007.





**PART
      II - OTHER INFORMATION**





**Item
      1.**  ***LEGAL
      PROCEEDINGS***





Not
      applicable.





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





None.





**Item
      3.**  ***DEFAULTS
      UPON SENIOR SECURITIES***





Not
      applicable.





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





None.





**Item
      5.**  ***MARKET
      FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS***





On
      December 28, 2005, the Company filed a registration statement with the
      Securities and Exchange Commission ("SEC") on Form SB-2 to register certain
      of
      its issued and outstanding shares. On January 17, 2007, the Company filed an
      amendment to Form SB-2 by filing Form SB-2/A. The Company received a Notice
      of
      Effectiveness from the SEC on February 12, 2007 and following such registration
      statement being deemed effective by the SEC, the Company filed an application
      with the National Association of Securities Dealers (“NASD”) requesting approval
      of quotation of its securities on the OTC/BB. On April 18, 2007, the Company
      was
      cleared by the NASD.





**Item
      6.**  ***EXHIBITS***





A.
            Exhibits:





31.1
            Certification
                of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley
                Act.





31.2
            Certification
                of Principal Financial and Accounting Officer Pursuant to Section
                302 of
                the Sarbanes-Oxley Act.





32.1
            Certification
                of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley
                Act.





32.2
            Certification
                of Principal Financial and Accounting Officer Pursuant to Section
                906 of
                the Sarbanes-Oxley Act.





9




**SIGNATURES**





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




NUEVO
              FINANCIAL
              CENTER, INC.DATE:
              June 6, 2007
            
            /s/ Jose
              AraqueJose
                Araque
              President,
                CEO and Chairman


DATE:
                June 6, 2007
              
              /s/ Jose
                AraqueJose
                  Araque
                Chief
                  Accounting Officer
 
 10