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 September 30, 2006

|_|   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
      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      (Primary Standard        (I.R.S. Employer
 incorporation or organization)  Industrial Classification)  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 |_| No

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 25,668,223 as of November 14, 2006.

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

Transitional Small Business Disclosure Format (Check one): Yes |_| No |X|
<PAGE>

                                TABLE OF CONTENTS

                                                                          Page
                                                                         Numbers
                                                                         -------

PART I - FINANCIAL INFORMATION

Item 1.     Financial Statements.

            |X|   Condensed Balance Sheets                                     3
            |X|   Condensed Statements of Operations                           4
            |X|   Condensed Statements of Cash Flows                           5
            |X|   Notes to Condensed Financial Statements                   6-12

Item 2.     Management's Discussion & Analysis of Financial Condition
            and Results of Operations                                      12-14

Item 3.     Controls and Procedures                                        14-15

PART II - OTHER INFORMATION

Item 1.     Legal Proceedings                                                 16

Item 2.     Unregistered Sales of Equity Securities and Use of Proceeds       16

Item 3.     Defaults Upon Senior Securities                                   16

Item 4.     Submission of Matters to a Vote of Security Holders               16

Item 5      Other Information                                                 16

Item 6.     Exhibits and Reports on Form 8-K                                  16

SIGNATURES                                                                    17


                                       2
<PAGE>

PART 1 - FINANCIAL INFORMATION

Item 1.     FINANCIAL STATEMENTS

                          NUEVO FINANCIAL CENTER, INC.
                            CONDENSED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                               September 30,     December 31,
                                                                   2006              2005
                                                              --------------    --------------
<S>                                                           <C>               <C>
                                     ASSETS

Current Assets
     Cash                                                     $      138,032    $       90,873
     Accounts receivable                                              36,345            47,000
     Inventory                                                         2,612             7,099
     Prepaid insurance                                                 6,172                --
     Prepaid income taxes                                                250               250
                                                              --------------    --------------
Total current assets                                          $      183,411    $      145,222

Property and equipment
     Machinery and equipment                                         351,021           440,596
     Furniture, fixtures, and improvements                           139,194           180,671
     Leasehold improvements                                          504,110           610,100
                                                              --------------    --------------
                                                                     994,325         1,231,367
     Less: accumulated depreciation and amortization                (572,697)         (675,620)
                                                              --------------    --------------
Total property and equipment                                         421,628           555,747

Other assets
     Security deposits                                                41,674            52,050
                                                              --------------    --------------

Total assets                                                  $      646,713    $      753,019
                                                              ==============    ==============

                      LIABILITIES AND SHAREHOLDERS' DEFICIT

Current liabilities
     Accounts payable and accrued liabilities                 $      701,813    $      298,890
     Notes payable                                                   925,000           425,000
                                                              --------------    --------------
Total current liabilities                                     $    1,626,813    $      723,890

Commitments and contingencies

Shareholders' deficit
     Common stock, .001 par value;
       100,000,000 authorized;
       25,668,223 issued and outstanding                              25,668            23,700
     Additional paid-in capital                                    3,386,277         3,294,925
     Accumulated deficit                                          (4,392,045)       (3,289,496)
                                                              --------------    --------------
Total shareholders' deficit                                         (980,100)           29,129
                                                              --------------    --------------

Total liabilities and shareholders' deficit                   $      646,713    $      753,019
                                                              ==============    ==============
</TABLE>

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


                                       3
<PAGE>

                          NUEVO FINANCIAL CENTER, INC.
                       CONDENSED STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>
                                                  Three Months Ended                   Nine Months Ended
                                                     September 30,                       September 30,
                                            --------------------------------    --------------------------------
                                                 2006              2005             2006               2005
                                            --------------    --------------    --------------    --------------
<S>                                         <C>               <C>               <C>               <C>
Revenues                                    $      687,644    $      860,650    $    2,241,908    $    2,081,579

Cost of sales                                      421,072           608,853         1,341,299         1,568,438
                                            --------------    --------------    --------------    --------------

Gross profit                                       266,572           241,797           900,608           513,141

Total general and administrative expenses          963,723           433,627         1,960,687         1,230,503
                                            --------------    --------------    --------------    --------------

Loss from operations                              (697,151)         (191,830)       (1,060,079)         (717,362)
                                            --------------    --------------    --------------    --------------

Other income and (expense)
     Miscellaneous income                            3,156                --             5,656                --
     Interest expense                              (24,071)           (5,356)          (48,126)           (9,455)
                                            --------------    --------------    --------------    --------------

Total other income and (expense)                   (20,915)           (5,356)          (42,470)           (9,455)
                                            --------------    --------------    --------------    --------------

Net loss before income taxes                      (718,066)         (197,186)       (1,102,549)         (726,817)

Provision for federal income taxes                      --                --                --                --
                                            --------------    --------------    --------------    --------------

Net loss                                    $     (718,066)         (197,186)   $   (1,102,549)         (726,817)
                                            ==============    ==============    ==============    ==============

Weighted average number of common shares:
Basic                                           24,312,376        23,700,000        23,907,478        23,700,000
                                            ==============    ==============    ==============    ==============
Diluted                                         32,038,035        24,700,000        29,156,646        24,700,000
                                            ==============    ==============    ==============    ==============

Net loss per common share:
Basic                                       $        (0.03)   $        (0.01)   $        (0.05)   $        (0.03)
                                            ==============    ==============    ==============    ==============
Diluted                                     $        (0.02)   $        (0.01)   $        (0.04)   $        (0.03)
                                            ==============    ==============    ==============    ==============
</TABLE>

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


                                       4
<PAGE>

                          NUEVO FINANCIAL CENTER, INC.
                 CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

<TABLE>
<CAPTION>
                                                               For the Nine Months Ended
                                                                  September 30, 2005
                                                           --------------------------------
                                                                2006              2005
                                                           --------------    --------------
<S>                                                        <C>               <C>
Cash flows from operating activities
     Net loss                                              $   (1,102,549)   $     (726,817)
     Adjustments to reconcile net income to net cash
       used in operating activities:
           Depreciation                                            28,345            88,705
           Compensation expense for share-based payments            1,348                --
           Loss on abandonment of assets                          104,288                --
           Changes in operating assets:
              Accounts receivable                                  10,655           (30,995)
              Inventory                                             4,487           203,565
              Prepaid insurance                                    (6,172)               --
              Security deposits                                    10,376            52,146
           Changes in operating liabilities:
              Accounts payable and accrued liabilities            402,922           143,007
                                                           --------------    --------------

Net cash used in operating activities                            (546,300)         (270,389)
                                                           --------------    --------------
Cash flows from investing activities
     Acquisition of equipment                                      (3,514)          (29,600)
     Proceeds from the sale of equipment                            5,000                --
                                                           --------------    --------------
Net cash used in investing activities                               1,486           (29,600)
                                                           --------------    --------------
Cash flows from financing activities
     Notes payable                                                500,000           425,000
     Issuance of stock for repayment of note                       91,973                --
                                                           --------------    --------------
Net cash provided by financing activities                         591,973           425,000
                                                           --------------    --------------

Net increase in cash                                               47,159           125,011

Cash - Beginning of year                                           90,873             9,277
                                                           --------------    --------------
Cash - End of quarter                                             138,032           134,288
                                                           ==============    ==============

Supplemental disclosures:
     Interest paid                                                     --                --
                                                           ==============    ==============
     Taxes paid                                                        --                --
                                                           ==============    ==============

Noncash investing and financing activities:
     Conversion of notes to common stock                           91,973                --
                                                           ==============    ==============
</TABLE>

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


                                       5
<PAGE>

                          NUEVO FINANCIAL CENTER, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                               September 30, 2006

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 to serve as a vehicle to effect an
acquisition, merger, exchange of capital stock or other business combination
with a domestic or foreign corporation.

On March 24, 2003, the Company acquired all of the issued and outstanding shares
of Mada Multimedia Inc., a Quebec corporation ("Mada"), which was formed to
design, produce and market multimedia applications in the financial education
sector, as well as training courses and simulations in the stock trading sector.
However, operations of Mada never commenced.

On March 11, 2005 ("Closing Date"), the Company completed the acquisition of
Telediscount Communications Inc., ("Telediscount"). The acquisition has been
accounted for as a reverse merger recapitalization. While MCVH was the surviving
corporation, Telediscount represented the accounting acquirer, whereby the
historical financial statements presented herein are those of Telediscount.

Telediscount, a New York corporation, was incorporated in June 1998, primarily
to provide telecommunication, long distance service, wire transfers service,
phone cards, internet, cellular, accessories, bill payment, and other related
products and services through retail stores. Pursuant to an Agreement and Plan
of Merger (collectively, the "Merger") all of the outstanding shares of
Telediscount's common stock were converted into shares of MCVH common stock
("Common Stock") on the Closing Date.

On November 18, 2005, MCVH changed its name to Nuevo, to more accurately reflect
its changing business strategy.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Interim Financial Statements

The accompanying interim unaudited financial information has been prepared
pursuant to the rules and regulations of the Securities and Exchange Commission
("SEC"). 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, although management believes that the disclosures
are adequate to make the information presented not misleading. 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
September 30, 2006 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, 2005. There have been no changes
in significant accounting policies since December 31, 2005.

Going Concern

As shown in the accompanying financial statements, the Company has incurred net
losses of $721,222 and $197,186 during the three months ended September 30, 2006
and 2005, respectively and has an accumulated deficit of $4,392,045 as of
September 30, 2006. These conditions create an uncertainty as to the Company's
ability to continue as a going concern. Management plans to review and improve
its existing operations by monitoring store performance, introducing new
products and services, implementing aggressive marketing programs, instituting
employee sales training programs, and cost containment. The financial statements
do not include any adjustments that might be necessary if the Company is unable
to continue as a going concern.


                                       6
<PAGE>

                          NUEVO FINANCIAL CENTER, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                               September 30, 2006

Stock Based Compensation Plans

Stock options are issued to members of management as a form of compensation.
There is no formal plan or award for these options. Rather, stock options are
issued at the discretion of the Board of Directors ("Board"). The options are
exercisable at the end of three years and can be subject to Board approval and
recession and expire four years after their exercise date.

As of September 30, 2006, there were 1,000,000 outstanding stock options granted
to current and former management for purchase at $0.001 per share. The options,
which remain in effect at September 30, 2006, have a grant date of September 2,
2000, an exercise date of September 2, 2003 and an expiration date of September
2, 2007. As of September 30, 2006, no options have been exercised.

Compensation cost recognized in the three months and nine months ended September
30, 2006 was $57 and $1,348, respectively. Compensation cost was calculated
using the Black - Scholes model with the following assumptions: $0.001 exercise
price; average remaining life of 1.75 years; $0.001 stock price; 1.35 risk free
rate; and 50% volatility.

Consideration was also given to the fair value of the warrants subscribed under
the secured promissory note (see Note 4 - Notes Payable) using the Black -
Scholes model, which valued the warrants at an immaterial amount. Based on this
determination, no adjustment has been made to the financial statements to
reflect the fair value of the warrants.

Registration Rights Agreement

EITF Issue No. 05-4 "The Effect of a Liquidated Damages Clause on a Freestanding
Financial Instrument Subject to EITF Issue No. 00-19, Accounting for Derivative
Financial Instruments Indexed to, and Potentially Settled in, a Company's Own
Stock" ("EITF No. 05-4") addresses financial instruments, such as stock purchase
warrants, which are accounted for under EITF 00-19 that may be issued at the
same time and in contemplation of a registration rights agreement that includes
a liquidated damages clause. The consensus for EITF No. 05-4 has not been
finalized. In May 2006, the Company entered into a secured convertible note
agreement, a registration rights agreement and warrants (see Note 6 - Subsequent
Events). Based on the interpretive guidance in EITF Issue No. 05-4, view C,
since the registration rights agreement includes provisions for uncapped
liquidated damages, the Company determined that the registration rights is a
derivative liability. However, due to various factors including substantial
conversion of these convertible notes and the Company's expectation that the
registration statement will be approved within the specified time period, the
value of the registration rights was deemed to be de minimis and therefore no
liability was recorded.

In accounting for the convertible notes and the warrants, the Company considered
the guidance contained in EITF 00-19 and SFAS 133 "Accounting for Derivative
Instruments and Hedging Activities." In accordance with the guidance provided in
EITF 00-19, the Company determined that the conversion feature of the
convertible notes represents an embedded derivative since the note is
convertible into a variable number of shares upon conversion and a liquidated
damage clause contained in the registration rights agreement requires the
Company to pay liquidated damages of 1.5% per month of the outstanding principal
amount of the notes, in cash or shares of Common Stock to the note holders in
the event that a registration statement covering the shares underlying the
convertible notes and warrants is not declared effective. Accordingly, the
convertible notes are not considered to be "conventional" convertible debt under
EITF 00-19 and thus the embedded conversion feature must be bifurcated from the
debt host and accounted for as a derivative liability. The value of this
liability is deemed to be de minimis, and therefore, no liability was recorded.


                                       7
<PAGE>

                          NUEVO FINANCIAL CENTER, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                               September 30, 2006

NOTE 3 - COMMITMENTS AND CONTINGENCIES

Litigation

The Company was recently 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.

In May 2005, a judgment from the United States Department of Labor was entered
into against Telediscount for alleged violations of the Fair Labor Standards Act
and was assessed a penalty of $100,000, requiring an initial payment of $16,000
at May 1, 2005, with the remaining balance of approximately $84,000 payable over
a period of twelve equal monthly installments. As of September 30, 2006, the
Company satisfied this liability, in full, in accordance with the terms of the
agreement.

On October 11, 2005, a judgment was entered against Telediscount in the amount
of $36,634 for an outstanding debt to a former consultant, who also served as a
former Chief Executive Officer of Telediscount and is a current shareholder of
the Company. The debt remains unsatisfied, although the Company has been making
payments and is in the process of negotiating a formal settlement.

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

Guarantee

In December 2002, the Financial Accounting Standards Board ("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.

As of September 30, 2006, the Company held a total of $77,597 throughout its
various locations. The Company has included these amounts as accrued liabilities
at the end of the year.

NOTE 4 - NOTES PAYABLE

On February 11, 2005, the Company entered into a bridge loan agreement ("Bridge
Loan") with Finkelstein Capital, Inc. (FCI) in the amount of $425,000. Under the
terms of the Bridge Loan, it was to be repaid with interest at the rate of five
(5%) percent per annum, at the earlier of July 1, 2005, or in the event the
Company completed a subsequent financing in the amount of $5,000,000
("Subsequent Financing"). In addition, FCI was to receive a finder's fee in the
amount of 5% of the Bridge Loan, to be paid at the closing of a Subsequent
Financing. While the Company has not yet completed any such Subsequent
Financing, the Company and FCI have verbally agreed to amend certain terms of
the Bridge Loan. While a formal amendment to the Bridge Loan is still being
negotiated, the interest rate on the Bridge Loan has been increased to ten (10%)
percent per annum beginning on April 1, 2006. In addition, at the time of
repayment, the investors will have the right to convert into cash, or into
quoted shares of Common Stock, the terms of such conversion which are still
under negotiation (see Note 6 - Subsequent Events).


                                       8
<PAGE>

                          NUEVO FINANCIAL CENTER, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                               September 30, 2006

Furthermore, the finder's fee discussed above has been eliminated and modified
in connection with the secured convertible note discussed below. The Company has
previously reclassified this Bridge Loan to a current liability. Accrued
interest expense in connection with the Bridge Loan for the nine months ended
September 30, 2006 was $26,548.

On March 25, 2006, the Company entered into a Convertible Promissory Note
("Convertible Note") with certain investors ("Investors"), in the amount of
$91,973. The terms of the Convertible Note, due April 1, 2007, are as follows:

      o     Term -

            12 Months from date of issuance;

      o     Amount -

            Convertible Note shall be redeemed or converted on the gross
            proceeds, including interest, which accrues at a rate of 10% per
            annum from the closing date to the conversion date;

      o     Voluntary conversion -

            Cash - Investors have the right to convert the Convertible Note into
            cash, including the coupon, at their sole option at any time, but
            only after the Company has raised $1 million dollars in any type of
            financing; or,

            Common Stock - Investors may convert principal and interest into
            Common Stock at any time;

      o     Mandatory redemption -

            Upon closing of the proposed transaction, the balance of the
            Convertible Note and all accrued interest will be subject to a
            mandatory redemption into cash. Investors may elect to convert the
            Convertible Note into Common Stock at any time on or before the
            closing of the transaction and only after the SB-2 filing becomes
            effective.

There are no other provisions, other than noted above, in which the Company or
the Investor can accelerate payment. In addition, there are no provisions by
which liquidated damages are required.

On April 24, 2006, the Investors exercised their option to convert the principal
amount of the Convertible Note together with interest of $756, into 2,318,233
shares of Common Stock at a price of $.04 per share of Common Stock.

On May 2, 2006, the Company entered into a Secured Convertible Note ("Secured
Note") in the amount of $500,000 with Vision Opportunity Capital Partners, LP
("Vision"). The Company simultaneously entered into a Securities Purchase
Agreement, Security Agreement, and Unit Purchase Warrant (collectively, the
"Agreements").

These Agreements allow for the purchase of $500,000 of Units, each of which
consists of:

      o     Secured convertible promissory notes;
      o     Class A warrants ("A Warrants") to purchase 1,000,000 shares of
            Common Stock at $.50 per share;
      o     Class B warrants ("B Warrants") to purchase 500,000 shares of Common
            Stock at $1.00 per share; and,
      o     Unit Purchase Warrant to purchase a unit consisting of shares of
            Common Stock and Class A and Class B Warrants ("Warrant Shares").

The relevant terms of the Secured Note are as follows:

      o     Term -


                                       9
<PAGE>

                          NUEVO FINANCIAL CENTER, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                               September 30, 2006

            The Secured Note is due on the earliest of: (i) the completion of a
            financing in which the Company receives no less than $2,500,000 in
            gross proceeds ("Eligible Financing"), or (ii) one year after the
            date of exercise by Vision of the Unit Purchase Warrant;

      o     Amount -

            The Secured Note shall be redeemed or converted on the gross
            proceeds, including interest, which accrues at a rate of 10% per
            annum from the closing date to the conversion date.

      o     Voluntary conversion -

            Common Stock - Under the terms of the Agreements, Vision has the
            right to convert, at its sole option, a portion or all amounts of
            principal and interest due and outstanding under this Note into
            shares of Common Stock at a conversion price equal to the greater of
            (i) if before the completion of an Eligible Financing, (A) 60% of
            the daily volume weighted average price ("VWAP" of the Common Stock
            for ten trading days ending on the last trading day prior to the
            conversion date, or (B) $.50 or, (ii) if after November 30, 2006, if
            an Eligible Financing shall not have been consummated by that date
            (X) 60% of the VWAP for the ten trading days ending on the last
            trading day prior to the conversion date, or (Y) $.20.

The Company received proceeds of $484,600, net of legal fees, documentation
costs and filings fees of $15,400. In connection with the Secured Note, A
Warrants to purchase 1,000,000 shares of Common Stock were issued to the holders
at an exercise price per share of $0.50 and B Warrants to purchase 500,000
shares of Common Stock at a price per share of $1.00 (collectively, the
"Warrants"). The Warrants are exercisable immediately and expire five years from
date of grant through April 2011. The fair market value of both classes of
Warrants granted is estimated on the date of grant using the Black - Scholes
option pricing model, in accordance with Statement of Financial Accounting
Standards No. 123 "Accounting for Stock-Based Compensation" using the following
weighted-average assumptions: expected dividend yield 0%, risk-free interest
rate of 4.90%, volatility ranging from 50% to 100% and expected term of 5 years.
Due to the strike price being greater than the current stock price at the date
of issuance, the fair value Warrants were considered to be de minimis and,
therefore, no adjustment has been recorded to reflect their value. Additionally,
in connection with the Secured Note, the Company did not record any beneficial
conversion since the conversion price was greater than the fair market value.
Accrued interest expense in connection with the Secured Note for the nine months
ended September 30, 2006 was $20,822. As part of the renegotiation of the terms
of the Bridge Loan, the Company paid a commission of $22,500 subsequent to the
closing of the Secured Note, representing a finder's fee to one of the
principals of FCI, for the introducing Vision to the Company.

The Company has agreed to file a registration statement covering the shares of
Common Stock issuable upon conversion of the Secured Note within 120 calendar
days of the effective date and use reasonable best efforts to have such
registration statement be declared effective within 180 calendar days. The
Company will pay the holders of the Secured Note, as partial liquidated damages
and not as a penalty, equal to 1.5% of the aggregate subscription amount paid by
such holder pursuant to the Agreements for any registrable securities then held
by such holder until all registrable securities become eligible for sale under
Rule 144. If the Company fails to pay any partial liquidated damages pursuant to
this section, in full, within seven days after the date payable, the Company
will pay interest thereon at a rate of 18% per annum (or such lesser maximum
amount that is permitted to be paid by applicable law) to the holder, accruing
daily from the date such partial liquidated damages are due until such amounts,
plus all such interest thereon, are paid in full. The partial liquidated damages
pursuant to the terms hereof shall apply on a daily pro-rata basis for any
portion of a month prior to the cure of an event.

The Company evaluates the provisions of the Secured Note periodically to
determine whether any of the provisions would be considered embedded derivatives
that would require bifurcation under Statement of Financial Accounting Standards
No. 133, "Accounting for Derivative Instruments and Hedging Activities" ("SFAS
133"). Because the shares of Common Stock underlying the Secured Note have not
been registered for resale, they are not readily convertible to cash. Thus, the
conversion option does not meet the net settlement requirement of SFAS No. 133
and would not be considered a derivative if


                                       10
<PAGE>

                          NUEVO FINANCIAL CENTER, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                               September 30, 2006

freestanding. Accordingly, the Secured Note does not contain an embedded
conversion feature that must be bifurcated. Once the underlying shares of Common
Stock are registered we may determine that our Secured Notes contain an embedded
conversion feature that would require bifurcation from the Secured Note. At that
time, the fair value of the embedded derivatives would be bifurcated from the
Secured Note and recorded as a non-current liability with an offset recorded as
a discount to the Secured Note that would be amortized to interest expense over
the remaining life of the Secured Note using the effective interest method. The
fair value of the embedded derivatives would be revalued each reporting period
with the change in the fair value recorded as other income or expense in the
statement of operations. The Company identified certain other embedded
derivatives and concluded their value was de minimis.

NOTE 5 - RELATED PARTY TRANSACTIONS

La Nacional, a shareholder of the Company, is engaged in the business of money
transfer, whereby it receives money and/or negotiable instruments and remits the
same pursuant to specific customer's instructions.

On February 14, 2003, Telediscount entered into a contractual agreement
("Contractual Agreement") with LaNacional whereby:

      o     Telediscount desired to purchase its money transfer services on an
            exclusive basis from La Nacional;

      o     La Nacional desired to invest in Telediscount and obtain a position
            on its Board;

      o     La Nacional desired to be presented with a proposal for
            telecommunication services by Telediscount and its affiliates; and

      o     The parties desired that they each would not open a store within a
            certain radius of the other's existing stores.

On May 1, 2003, La Nacional invested $350,000 in exchange for 1,743,213 shares
of common stock, representing 5% of the fully diluted shares of Telediscount,
all of which were converted to 282,855 shares of Common Stock of the Company
upon the Merger. Additionally, Telediscount and La Nacional entered into
individual agency agreements for wire transfer services covering each of the
Company's stores.

For the nine months ended September 30, 2006, consulting fees in the amount of
$34,250 were paid to Jose Araque, the Company's Chairman, Chief Executive
Officer, President, Secretary and Treasurer; however, such payments ceased in
June 2006.

NOTE 6 - SUBSEQUENT EVENTS

On November 1, 2006, the Company entered into a second Secured Convertible Note
("Second Secured Note") in the amount of $500,000 with Vision, essentially on
the same terms and conditions as the Secured Note. The Company simultaneously
entered into a Securities Purchase Agreement, Security Agreement, and Unit
Purchase Warrant (collectively, the "Agreements").

These Agreements allow for the purchase of $500,000 of Units, each of which
consists of:

      o     Secured convertible promissory notes;
      o     Class A warrants ("A Warrants") to purchase 1,000,000 shares of
            Common Stock at $.50 per share;
      o     Class B warrants ("B Warrants") to purchase 500,000 shares of Common
            Stock at $1.00 per share; and,
      o     Unit Purchase Warrant to purchase a unit consisting of shares of
            Common Stock and Class A and Class B Warrants ("Warrant Shares").

The relevant terms of the Secured Note are as follows:


                                       11
<PAGE>

                          NUEVO FINANCIAL CENTER, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                               September 30, 2006

      o     Term -

            The Second Secured Note is due on the earliest of: (i) the
            completion of a financing in which the Company receives no less than
            $2,500,000 in gross proceeds ("Eligible Financing"), or (ii) one
            year after the date of exercise by Vision of the Unit Purchase
            Warrant;

      o     Amount -

            The Second Secured Note shall be redeemed or converted on the gross
            proceeds, including interest, which accrues at a rate of 10% per
            annum from the closing date to the conversion date.

      o     Voluntary conversion -

            Common Stock - Under the terms of the Agreements, Vision has the
            right to convert, at its sole option, a portion or all amounts of
            principal and interest due and outstanding under this Note into
            shares of Common Stock at a price (the "Conversion Price") equal to
            the greater of (i) if before the completion of an Eligible
            Financing, (A) 60% of the daily volume weighted average price
            ("VWAP") of the Common Stock for ten trading days ending on the last
            trading day prior to the conversion date, or (B) $.50 or, (ii) if
            after November 30, 2006, if an Eligible

            Financing shall not have been consummated by that date (X) 60% of
            the VWAP for the ten trading days ending on the last trading day
            prior to the conversion date, or (Y) $.20.

The Company received proceeds of $500,000. In connection with the Second Secured
Note, A Warrants to purchase 1,000,000 shares of Common Stock were issued to the
holders at an exercise price per share of $0.50 and B Warrants to purchase
500,000 shares of Common Stock at a price per share of $1.00 (collectively, the
"Warrants"). The Warrants are exercisable immediately and expire five years from
date of grant through April 2011.

On November 10, the Company finalized the renegotiation of the Bridge Loan
("Bridge Loan Addendum") whereby the due date of the Bridge Loan has been
extended to December 31, 2007. Notwithstanding the foregoing, in the event the
Company secures financing subsequent to the date of the Bridge Loan Addendum,
10% of the net proceeds from any such financing would be used to reduce the
principal amount of the Bridge Loan. The Company would accelerate the payment of
all outstanding principal and interest due on the Bridge Loan if, prior to the
due date, the Company completed a minimum $5,000,000 financing. If the Bridge
Loan is not paid in full by the due date, the parties have agreed to renegotiate
the terms of the Bridge Loan no later than sixty days after the due date.

Subsequent to the date of the Bridge Loan Addendum, at the time of any loan
repayment, as discussed in above, the holder(s) of the Bridge Loan shall have
the right to convert the principal and interest due on the Bridge Loan to shares
of the Company's Common Stock at the greater of: (A) 60% of the VWAP for the ten
trading Days ending on the last trading Day prior to the conversion Date, or (B)
$0.50.

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 SEC.


                                       12
<PAGE>

Results of Operations

For the Three Months and Nine Months Ended September 30, 2006 as compared to the
Three Months and Nine Months Ended September 30, 2005

Since its inception on June 2, 2000 through March 11, 2005, the date of the
Merger, the Company had no operations and was considered to be in the
development stage as defined in Statement of Financial Accounting Standards No.
7.

Notwithstanding the foregoing, the following is a comparison of the three months
and nine months ended September 30, 2006 and the same periods in 2005, as though
the acquired entity was part of the Company prior to the Merger.

Net sales of company-owned stores decreased $173,006, or 20.1%, to $687,644 and
increased $160,329, or 7.7% to $2,241,908 for the three months and nine months
ended September 30, 2006, respectively, as compared to $860,650 and $2,081,579
for the same periods in 2005. The decrease in revenue was due primarily to a
lower number of stores in operation for the three months ended September 30,
2006 as compared to the same period in 2005, while the increase in revenue for
the nine months ended September 30, 2006 as compared to the same period in 2005
was due primarily to additional services available since the beginning of the
2006, which were not offered during the first nine months of 2005. For the three
months and nine months ended September 30, 2006, approximately 32.2% of the
Company's revenue was derived from long distance telephone calls, 44.9% of
revenue was generated from the sale of prepaid cellular cards (17.9%), wire
remittance services (14.3%) and cellular phones and related commissions (12.7%),
while the remaining revenue, or 22.9%, was derived from miscellaneous services,
such as internet access, photo IDs, courier and mailbox services, faxing and
copying, each contributing no more than 5%.

Selling, general and administrative expenses increased $530,096, or 122.2%, to
$963,723 and $730,184, or 59.3%, to $1,960,687 for the three months and nine
months ended September 30, 2006 as compared to $433,627 and $1,230,503 for the
same periods in 2005, due primarily to increases in taxes and related penalties
of $234,463 and $163,341 due to sales and payroll tax assessments,
administrative salaries of $175,464 and $314,359 due to the hiring of regional
managers, store managers and administrative personnel, consulting services of
$87,181 and $140,780 due to the hiring of a management consultant, loss on
abandonment and sale of assets of $49,747 and $104,287 due the closing and sale
of four stores, and telephone costs of $70,919 and $71,000 due to amounts
claimed to be owed from the cancellation of long distance carrier contracts
during the three and nine months ended September 30, 2006, respectively. These
expenses were offset, in part, by a decrease in rent expense of $51,481 and
$83,092 due to a lower number of stores in operation during the three and nine
months ended September 30, 2006, respectively.

The Company had a net loss of $718,066 and $1,102,549 for the three months and
nine months ended September 30, 2006, as compared to a net loss of $197,186 and
$726,817 for the same periods in 2005 due primarily to the decrease in revenue
and the increase in selling, general and administrative expenses discussed
above.

Liquidity and Capital Resources

As of September 30, 2006, the Company had negative working capital of $1,443,402
and cash on hand of $138,032.

During the nine months ended September 30, 2006, the Company's operating
activities used approximately $546,300 of cash. This was principally due to the
net loss of $1,102,500 and an increase in prepaid insurance $6,200 which was
offset, in part, by non-cash items of $133,900, a decrease in accounts payable
and accrued liabilities of $402,900, decreases in inventory of $4,500, security
deposits of $10,400 and accounts receivable of $10,700. The Company believes
that it can improve its operating cash flows by continuously monitoring its
Company-owned stores, successfully implementing new marketing strategies, and
increasing its gross margins through the introduction of financial products and
services, cost containment, among other things.

For the nine months ended September 30, 2006, cash flows used in investing
activities were approximately $1,500, primarily due to miscellaneous equipment
purchases and proceeds from the sale of certain assets.


                                       13
<PAGE>

For the nine months ended September 30, 2006, cash flows generated by financing
activities were $592,000, raised from the two convertible note transactions
completed during the first and second quarters (See Note 4 - Notes Payable,
included in the Notes to Consolidated Financial Statements of this Report).

The Company believes it has sufficient financial resources to fund its current
operations for the period ending December 31, 2006. As discussed above in Note 6
- Subsequent Events, the Company has secured additional financing; however, the
Company will require additional capital to fund its operations, including its
expanded business strategy, for the twelve months ending December 31, 2007.
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 month period
commencing from the date of this quarterly report.

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 it's
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. The Company will continue to seek the additional
financing it requires to implement its conversion and expansion strategy. The
Company has defined a list of actions that have already been undertaken, or
which it hopes to begin implementing in 2006 and into 2007, to achieve its
growth plans:

      o     Secure key strategic partnerships with financial institutions and
            Latin America retailers
      o     Complete strategic acquisitions for select financial services with
            license requirements
      o     Receive permits and licenses to provide financial services not
            secured through acquisition
      o     Institute a centralized technology platform and database to process
            financial transactions
      o     Implement aggressive market campaigns to the Hispanic community
      o     Develop a turnkey franchise program
      o     Create e-commerce website, and
      o     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 a 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

a)    Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of management, including the
Company's Chief Executive Officer and Chief Financial Officer, the Company
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 ("Exchange Act")). Disclosure controls and
procedures are the controls and other procedures that the Company designed to
ensure that it record, process, summarize and report in a timely manner the
information the Company must disclose in reports that it files with or submit to
the SEC 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.


                                       14
<PAGE>

Disclosure controls and procedures are controls and procedures that are designed
to ensure that information required to be disclosed in the Company's reports
filed or submitted under the Exchange Act is recorded, processed, summarized and
reported, within the time periods specified in the SEC's rules and forms.
Disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed in the
Company's reports filed under the Exchange Act is accumulated and communicated
to management, including the Company's principal executive officer and principal
financial officer, as appropriate, to allow timely decisions regarding required
disclosure.

b)    Changes in Internal Control over Financial Reporting

During the quarter ended September 30, 2006, there was no change in the
Company's internal control over financial reporting (as such term is defined in
Rule 13a-15(f) under the Exchange Act) that has materially affected, or is
reasonably likely to materially affect, the Company's internal control over
financial reporting.


                                       15
<PAGE>

PART II - OTHER INFORMATION

Item 1.     LEGAL PROCEEDINGS

Not applicable.

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

On April 24, 2006, the Investors exercised their option to convert the principal
amount of the Convertible Note together with interest of $756, into 2,318,233
shares of Common Stock at a price of $.04 per share of Common Stock. Such shares
of Common Stock were issued on August 25, 2006.

Item 3.     DEFAULTS UPON SENIOR SECURITIES

Not applicable.

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

None.

Item 5.     OTHER INFORMATION

Not applicable.

Item 6.     EXHIBITS

A.       Exhibits

(3.1)    Certificate of Incorporation dated June 2, 2000 (incorporated by
         reference as Exhibit 3.1 to the Company's registration statement on
         Form 10-SB filed on September 5, 2000).

(3.2)    Bylaws dated June 2, 2000 (incorporated by reference as Exhibit 3.2 to
         the Company's registration statement on Form 10-SB filed on September
         5, 2000).

(3.3)    Specimen Stock Certificate (incorporated by reference as Exhibit 3.3 to
         the Company's registration statement on Form 10-SB filed on September
         5, 2000).

(10.7)*  Form of Contractual Agreement, dated February 14, 2003 between the
         Company and Envios de Valores La Nacional Corp.

(10.8)*  Form of Consulting Agreement, dated April 1, 2006 between the Company
         and Sebastian Giordano.

(14.1)   Code of Ethics (incorporated by reference as Exhibit 14.1 to the
         Company's Annual Form 10-KSB filed on March 16, 2005).

(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.


                                       16
<PAGE>

*        Exhibit being filed herewith.

B.       Reports on Form 8-K

None.

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: November 20, 2006                  /s/ Jose Araque
                                         -------------------------------
                                         Jose Araque
                                         President, CEO and Chairman


DATE: November 20, 2006                  /s/ Jose Araque
                                         -------------------------------
                                         Jose Araque
                                         Chief Accounting Officer


                                       17