**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, 2007**





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
            (Primary
                Standard
            (I.R.S.
                Employerincorporation
                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: 32,168,223 as of November 14,
      2007.







**NUEVO
      FINANCIAL CENTER, INC.**





**CONDENSED
      FINANCIAL STATEMENTS**





**September
      30, 2007**





**Table
      of Contents**








Condensed
                Balance Sheet
            F
                -
                2Condensed
                Statements of Operations
            F
                -
                3Condensed
                Statements of Cash Flows
            F
                -
                4Notes
                to the Condensed Financial Statements
            F
                -
                5 - 9





F-1




**PART
      1 - FINANCIAL INFORMATION**





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





**NUEVO
      FINANCIAL CENTER, INC.**


**CONDENSED
      BALANCE SHEET**




ASSETS




**September
                  30,
                  2007**(unaudited)Current
                  AssetsCash
              $
              163,247Commissions
                  receivable, net
              
              0Inventory
              
              22,968Prepaid
                  insurance
              
              5,385Prepaid
                  income
                  taxes
              
              250Total
                  current assets
              
              191,850Property
                  and equipment, net
              
              405,124Other
                  assetsSecurity
                  deposits
              
              41,674Total
                  assets
              $
              638,648LIABILITIES
                  AND SHAREHOLDERS’ DEFICITLiabilitiesCurrent
                  liabilitiesAccounts
                  payable
              $
              1,011,518Notes
                  payable
              
              1,260,875Total
                  current liabilities
              
              2,272,393Long-term
                  liabilitiesLong-term
                  notes payable
              
              85,739Total
                  liabilities
              
              2,358,132Commitment
                  and ContingenciesShareholders’
                  deficitCommon
                  stock,
                  100,000,000 shares,$.001
                par stock authorized, 29,668,223 sharesissued
                  and
                  outstanding
              
              29,668Additional
                  paid-in
                  capital
              
              4,182,320Treasury
                  stock
                  subscription receivable
              
              (350,000
              )Accumulated
                  deficit
              
              (5,581,472
              )Total
                  shareholders’ deficit
              
              (1,719,484
              )Total
                  liabilities and shareholders’ deficit
              $
              638,648
 
 The
        accompanying notes are an integral part of these condensed financial
        statements.
  F-2
 **NUEVO
          FINANCIAL CENTER, INC.**
 **CONDENSED
          STATEMENTS OF OPERATIONS**
 **For
                  the Three Months Ended**
              
              **For
                  the Nine Months Ended****September
                  30,**
              
              **September
                  30,****2007**
              
              **2006**
              
              **2007**
              
              **2006**Revenue
              
              $
              532,970
              
              $
              687,644
              
              $
              1,806,750
              
              $
              2,241,908Cost
                  of sales
              
              
              268,267
              
              
              421,072
              
              
              918,561
              
              
              1,341,300Gross
                  profit on sales
              
              
              264,703
              
              
              266,572
              
              
              888,189
              
              
              900,608Total
                  general and administrative expenses
              
              
              702,652
              
              
              963,723
              
              
              1,672,977
              
              
              1,960,687Loss
                  from operations
              
              
              (437,949
              )
              
              (697,151
              )
              
              (784,788
              )
              
              (1,060,079
              )Other
                  income and (expense)Miscellaneous
                  income
              
              
              -
              
              
              3,156
              
              
              -
              
              
              5,656Interest
                  income
              
              
              476
              
              
              -
              
              
              1,280
              
              
              -Interest
                  expense
              
              
              (34,517
              )
              
              (24,071
              )
              
              (115,449
              )
              
              (48,126
              )Net
                  loss
              
              $
              (471,990
              )
              $
              (718,066
              )
              $
              (898,957
              )
              $
              (1,102,549
              )Weighted
                  average shares outstanding:Basic
              
              
              29,363,723
              
              
              24,312,376
              
              
              27,008,223
              
              
              23,907,478Diluted
              
              
              50,831,737
              
              
              32,038,035
              
              
              48,848,479
              
              
              29,156,646Net
                  loss per common share:Basic
              
              $
              (0.02
              )
              $
              (0.03
              )
              $
              (0.03
              )
              $
              (0.05
              )Diluted
              
              $
              nil
              
              $
              (0.02
              )
              $
              (0.02
              )
              $
              (0.04
              )
 
 The
        accompanying notes are an integral part of these condensed financial
        statements.
 F-3
 
 NUEVO
          FINANCIAL CENTER,
          INC.
 **CONDENSED
            STATEMENTS OF CASH FLOWS**
 **For
                  the nine months ended****September
                  30,****2007**
              
              **2006**Cash
                  flows from operating activitiesNet
                  loss
              
              $
              (898,957
              )
              $
              (1,102,549
              )Adjustments
                  to
                  reconcile net income to net cashused
                  in
                  operating activitiesDepreciation
              
              
              11,732
              
              
              28,345Compensation
                  expense for share-based payments
              
              
              -
              
              
              1,348Loss
                  on abandonment
                  of assets
              
              
              -
              
              
              104,288(Increase)
                  decrease
                  in:Accounts
                  receivable
              
              
              35,655
              
              
              10,655Allowance
                  for
                  doubtful accounts
              
              
              (5,427
              )
              
              -Inventory
              
              
              (19,987
              )
              
              4,487Prepaid
                  insurance
              
              
              23
              
              
              (6,172
              )Security
                  deposits
              
              
              -
              
              
              10,376Increase
                  (decrease)
                  in:Accounts
                  payable and accrued liabilities
              
              
              229,091
              
              
              402,922Net
                  cash used in operating activities
              
              
              (647,870
              )
              
              (546,300
              )Cash
                  flows from investing activitiesAcquisition
                  of
                  equipment
              
              
              -
              
              
              (3,514
              )Proceeds
                  from sale
                  of equipment
              
              
              -
              
              
              5,000Net
                  cash used in investing activities
              
              
              -
              
              
              1,486Cash
                  flows from financing activitiesExercise
                  of
                  warrants
              
              
              500,000
              
              
              -Notes
                  payable
              
              
              (93,386
              )
              
              591,973Net
                  cash provided by financing activities
              
              
              406,614
              
              
              591,973Net
                  increase (decrease) in cash
              
              
              (241,256
              )
              
              47,159CashBeginning
                  of
                  year
              
              $
              404,503
              
              $
              90,873End
                  of
                  quarter
              
              $
              163,247
              
              $
              138,032Supplemental
                  disclosures:Interest
                  paid
              
              $
              -
              
              $
              -Taxes
                  paid
              
              $
              -
              
              $
              -Noncash
                  investing and financing activities:Conversion
                  of notes
                  to common stock
              
              $
              300,000
              
              $
              91,973
 
 The
        accompanying notes are an integral part of these condensed financial
        statements.
 
 F-4




**NUEVO
      FINANCIAL CENTER, INC.**


**NOTES
      TO THE CONDENSED FINANCIAL STATEMENTS**


**September
      30, 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 (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. 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, 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
      $898,957 and $1,102,549 during the nine months ended September 30, 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 implementing 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***




There
      is
      no litigation currently pending or, to the best of the Company’s knowledge,
      being threatened by or against the Company.




F-5





**NUEVO
      FINANCIAL CENTER, INC.**


**NOTES
      TO THE CONDENSED FINANCIAL STATEMENTS**


**September
      30, 2007**





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





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 the terms of such agreements.





For
      the
      nine months ended September 30, 2007, the Company held a total of $219,416
      throughout its various locations . The
      Company has included these amounts as accrued liabilities at the end of the
      period.





**NOTE
      3 -** ***EQUITY***





On
      April
      11, 2007, Vision Opportunity Master Fund, Ltd. (“Vision”) exercised a partial
      conversion in the amount of $100,000 of the principal balance of a secured
      convertible note (“Secured Convertible Note”) dated May 3, 2006, at a conversion
      price of $.20 per share, in exchange for 500,000 shares of the Company’s common
      stock (“Common Stock”) and exercised their option to convert 100,000 unit
      purchase warrants at an exercise price of $.20 per share, pursuant to the terms
      of the Secured Convertible Note dated May 3, 2006, in exchange for 750,000
      shares of the Company’s Common Stock.





On
      April
      11, 2007, the Company issued 239,823 stock options to Jose Araque with an
      exercise price of $0.01 per share.





On
      April
      11, 2007, the Company issued 1,974,558, 517,367, 517,367 and 200,000 warrants
      to
      purchase shares of the Company’s Common Stock at $0.01 per share to Edward
      Cabrera, Rainey Sellars, Tim Gardner and Sebastian Giordano,
      respectively.





On
      May
      25, 2007 Vision exercised their option to convert 150,000 unit purchase warrants
      at an exercise price of $.20 per share, pursuant to the terms of the Secured
      Convertible Note dated May 3, 2006, in exchange for 750,000 shares of the
      Company’s Common Stock.





On
      May
      25, 2007, Vision exercised a partial conversion in the amount of $200,000 of
      the
      principal balance of the Secured Convertible Note dated May 3, 2006, at a
      conversion price of $.20 per share, in exchange for 1,000,000 shares of the
      Company’s Common Stock.





On
      June
      29, 2007, Vision exercised 250,000 unit purchase warrants at an exercise price
      of $.20 per share, pursuant to the terms of the Secured Convertible Note dated
      May 3, 2006, in exchange for 1,250,000 shares of the Company’s Common Stock.





**NOTE 4
      -** ***SUBSEQUENT EVENTS***





On
      October 18, 2007, the Company entered into a Common Stock Purchase Agreement
      with Vision whereby Vision purchased from the Company, 2,500,000 shares
      (“Shares”) of Common Stock at a price of $0.10 per common share for an aggregate
      purchase price of $250,000 (“New Financing”). Such Shares were subsequently
      issued in November 2007. In addition to the foregoing, the parties
      simultaneously entered into a waiver agreement (“Waiver Agreement”) in
      connection with the secured promissory notes dated May 3 and November 1, 2006
      (together, the “Notes”). As part of such Waiver Agreement, the
      Company acknowledges and agrees that the conversion price of the outstanding Notes
      held by Vision, and the exercise price of the outstanding warrants (“A Warrants,
      B Warrants and Unit Purchase Warrants”) held by Vision (and the securities
      issuable upon exercise thereof), are hereby adjusted to a conversion price
      or
      exercise price equal to $.10 per share.





F-6


**NUEVO
      FINANCIAL CENTER, INC.**


**NOTES
      TO THE CONDENSED FINANCIAL STATEMENTS**


**September
      30, 2007**





**NOTE 4
      -** ***SUBSEQUENT EVENTS (continued)***





The
      Company represents that there are no other outstanding securities of the Company
      that are subject to similar anti-dilution rights that will be triggered by
      the
      issuance of the Shares in the New Financing. In addition, Vision hereby waives
      any rights it may have to receive additional shares of Common Stock pursuant
      to
      the terms of the Notes and accompanying a greements
      and the securities issued pursuant thereto as a result of the issuance of the
      Shares in the New Financing.




**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.





***Results
      of Operations***





***For
      the Three Months and Nine Months Ended September 30, 2007 as compared to
      September 30, 2006***





Net
      sales
      of company-owned stores decreased $154,674, or 22.5% to $532,970 and $435,158,
      or 19.4% to $1,806,750 for the three months and nine months ended September
      30,
      2007, respectively, as compared to $687,644
      and 2,241,908, for the same period in 2006. Such decreases were primarily due
      to
      the fact that there were four more stores in operation during the same period
      in
      2006.




Selling,
      general and administrative expenses decreased $261,071, or 27.1% to $702,652
      and
      $287,710, or 14.7%, to $1,672,977, for the three months and nine months ended
      September 30, 2007, respectively, as compared to $963,723 and $1,960,687 for
      the
      same periods in 2006. Such decreases for the three months and nine months ended
      September 30, 2007 were primarily due to decreases in cleaning and maintenance,
      commissions, rent, professional fees, and insurance due to the fact that there
      were four more stores in operation during the same period in 2006 and lower
      tax
      penalties than were reported in the prior year, which were partially offset
      by
      increases in administrative salaries, payroll taxes, bank service charges,
      utilities and telephone expenses and a loss on abandonment of assets recorded
      in
      the same period in 2006.




The
      Company had a net loss of $471,990 and $898,957 for the three months and nine
      months ended September 30, 2007, as compared to a net loss of $718,066 and
      $1,102,549 for the same periods in 2006. Such
      decrease in the net loss for the three and nine months ended September 30,
      2007
      was primarily due to decreases in selling, general and administrative
      expenses of $261,071 and $287,710, as described above, which were partially
      offset by an increase in other expenses of $13,126 and $71,699 due primarily
      from interest expense and in gross profit of $1,869 and $12,419, respectively.







F-7


**NUEVO
      FINANCIAL CENTER, INC.**


**NOTES
      TO THE CONDENSED FINANCIAL STATEMENTS**


**September
      30, 2007**




***Liquidity
      and Capital Resources***






As
      of
      September 30, 2007, the Company had negative working capital of $2,080,543
      and
      cash on hand of $163,247.




During
      the nine months ended September 30, 2007, the Company’s operating activities
      used $647,870 of cash. This was principally due to the net loss of $898,957
      an
      increase in inventory of $19,987 and non-cash items of $5,427, and which was
      partially offset by decreases in accounts payable and accrued expenses of
      $229,091, accounts receivable of $35,655, prepaid insurance of $23 and non-cash
      items of $11,732. 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
      nine months ended September 30, 2007, cash flows used in investing activities
      were zero.





For
      the
      nine months ended September 30, 2007, cash flows provided by financing
      activities were $406,614 attributable to proceeds generated from the exercise
      of
      warrants which was partially offset by the reduction of debt.





The
      Company believes that it currently has 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 execute its
      business plan for the twelve months ended December 31, 2008. 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.





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.




F-8


***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.




***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 September 30, 2007.







F-9


**PART
        II - OTHER INFORMATION**
 
 **Item
        1.**  ***LEGAL
        PROCEEDINGS***
 
 Not
        applicable.
 
 **Item
        2.**   ***UNREGISTERED
        SALES OF EQUITY SECURITIES AND USE OF PROCEEDS***
 
 On
        April
        11, 2007, Vision Opportunity Master Fund, Ltd. (“Vision”) exercised a partial
        conversion in the amount of $100,000 of the principal balance of a secured
        convertible note (“Secured Convertible Note”) dated May 3, 2006, at a conversion
        price of $.20 per share, in exchange for 500,000 shares of the Company’s common
        stock (“Common Stock”) and exercised their option to convert 100,000 unit
        purchase warrants at an exercise price of $.20 per share, pursuant to the
        terms
        of the Secured Convertible Note dated May 3, 2006, in exchange for 750,000
        shares of the Company’s Common Stock.
 
 On
        April
        11, 2007, the Company issued 239,823 stock options to Jose Araque with an
        exercise price of $0.01 per share.
 
 On
        April
        11, 2007, the Company issued 1,974,558, 517,367, 517,367 and 200,000 warrants
        to
        purchase shares of the Company’s Common Stock at $0.01 per share to Edward
        Cabrera, Rainey Sellars, Tim Gardner and Sebastian Giordano,
        respectively.


On
      May
      25, 2007 Vision exercised their option to convert 150,000 unit purchase warrants
      at an exercise price of $.20 per share, pursuant to the terms of the Secured
      Convertible Note dated May 3, 2006, in exchange for 750,000 shares of the
      Company’s Common Stock.





On
      May
      25, 2007, Vision exercised a partial conversion in the amount of $200,000 of
      the
      principal balance of the Secured Convertible Note dated May 3, 2006, at a
      conversion price of $.20 per share, in exchange for 1,000,000 shares of the
      Company’s Common Stock.





On
      June
      29, 2007, Vision exercised 250,000 unit purchase warrants at an exercise price
      of $.20 per share, pursuant to the terms of the Secured Convertible Note dated
      May 3, 2006, in exchange for 1,250,000 shares of the Company’s Common
      Stock.





On
      October 18, 2007, the Company entered into a Common Stock Purchase Agreement
      with Vision, whereby Vision purchased from the Company, 2,500,000 shares of
      Common Stock at a price of $0.10 per share for an aggregate purchase price
      of
      $250,000.





**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.





On
      May
      23, 2007, the Company received a Delinquency Notification from the NASD for
      failure to timely file its Form 10-QSB for the period ended March 31, 2007.
      The
      Company subsequently became current in its reporting obligations by filing
      its
      Form 10-QSB within the grace period provided under NASD Rule 6530.





On
      June
      25, 2007, the Company filed a registration statement (“Registration Statement”)
      with the SEC on Form SB-2 to register certain of its issued and outstanding
      shares and warrants. On August 10, 2007, the Company filed an amendment to
      such
      Registration Statement by filing Form SB-2/A. On November 6, 2007, filed a
      letter with the SEC requesting a withdrawal of the Registration Statement in order to address the SEC’s concerns
      regarding the proposed registration and resale of the shares of Common Stock
      which are the subject of the Registration Statement.





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





A.  Exhibits:





10.10*
            Form of Common Stock Purchase Agreement, together
              with
              Waiver Agreement, dated October 18, 2007 between the Company and Vision
              Opportunity Master Fund, Ltd.  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.





*  Exhibit
      being filed herewith.





**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 14, 2007
            /s/ Jose Araque
              Jose
                Araque
              President,
                CEO and ChairmanDATE: November 14, 2007
            /s/
                Jose Araque
              Jose
                Araque
              Chief
                Accounting Officer







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