--------------------------------------------------------------------------------
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                            -------------------------

                                   FORM 10-QSB
                            -------------------------


                QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                 FOR THE FISCAL QUARTER ENDED SEPTEMBER 30, 2005

                         COMMISSION FILE NO.: 001-16207



                        HUGO INTERNATIONAL TELECOM, INC.
--------------------------------------------------------------------------------
        (Exact name of Small Business Issuer as specified in its charter)


Delaware                                                           98-0226479
--------------------------------------------------------------------------------
(State of other jurisdiction of                                 (IRS Employer
incorporation or organization)                               Identification No.)


                   14B Jan Sebastian Drive, Sandwich MA 02563
--------------------------------------------------------------------------------
                    (Address of principal executive offices)


                                  508-888-5478
--------------------------------------------------------------------------------
               (Registrant's telephone number including area code)





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

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

The number of outstanding shares of $0.0001 par value common stock as of January
13, 2006 was 50,000,000.

Transitional Small Business Disclosure Format:  Yes         No  X
                                                    -----      --




<PAGE>


                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS SEPTEMBER 30, 2005 (UNAUDITED)
         AND 2004 (UNAUDITED)

<PAGE>



                        HUGO INTERNATIONAL TELECOM, INC.
                             CONDENSED BALANCE SHEET
                      AS OF SEPTEMBER 30, 2005 (UNAUDITED)
<TABLE>
<CAPTION>

                                                              9/30/05
                                                            -----------
ASSETS:
Current Assets:
<S>                                                         <C>
Prepaid expenses ........................................   $    24,667
                                                            -----------
Total current assets ....................................        24,667

TOTAL ASSETS ............................................   $    24,667
                                                            ===========

LIABILITIES AND STOCKHOLDERS' DEFICIENCY:
Current liabilities:
   Accounts payable .....................................   $   222,239
   Accrued expenses .....................................           300
                                                            -----------
       Total current liabilities ........................       222,539



Stockholders' deficiency:
   Preferred stock, $0.0001 par value:
     Authorized 600,000 shares
     Issued and Outstanding 0 shares
Series B convertible preferred stock, par value - $0.0001
     Authorized 300,000 shares
     Issued and Outstanding 300,000 shares ..............            30

     Liquidation value of $(3)(,000)

Common Stock, par value - $0.0001

     Authorized - 50,000,000 shares

     Issued and outstanding - 50,000,000 ................         5,000

Additional paid-in capital ..............................     2,500,168

Accumulated other comprehensive income ..................          --

Accumulated deficit .....................................    (2,703,070)
                                                            -----------

       Total stockholders' deficiency ...................      (197,872)

   TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY .......   $    24,667
                                                            ===========
</TABLE>


         The notes to the Condensed Financial Statements are an integral
                           part of these statements.


<PAGE>


                        HUGO INTERNATIONAL TELECOM, INC.
                       CONDENSED STATEMENTS OF OPERATIONS
       FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2005 (UNAUDITED)
                              AND 2004 (UNAUDITED)
<TABLE>
<CAPTION>
                                                                  Three months ended        Nine months ended
                                                                     September 30,             September 30,
                                                                  2005         2004         2005           2004
                                                                  ----         ----         ----           ----
Revenues:
<S>                                                          <C>             <C>            <C>             <C>
   Cost of revenues ......................................   $       --      $       --     $       --      $       --
Gross Profit .............................................           --              --             --              --
                                                             ------------    ------------   ------------    ------------
Operating expenses:
   Selling, general and administrative expenses ..........        114,016            --          262,260            --
                                                             ------------    ------------   ------------    ------------
Operating loss ...........................................       (114,016)           --         (262,260)           --

Provision for income taxes ...............................           --              --            6,762           6,762
                                                             ------------    ------------   ------------    ------------

Net loss .................................................   $   (114,016)   $       --     $   (269,022)   $     (6,762)
                                                             ============    ============   ============    ============

Basic income/(loss) attributable to common shareholders:
   Continuing operations .................................   $       --      $       --     $       --      $       --
   Discontinued Operations ...............................   $       --      $       --     $       --      $       --

Diluted income/(loss) attributable to common shareholders:
   Continuing Operations .................................   $       --      $       --     $       --      $       --
   Discontinued Operations ...............................   $       --      $       --     $       --      $       --

Weighted average shares of common stock
   Outstanding basic and dilutive ........................     50,000,000      20,500,000     50,000,000      20,500,000
</TABLE>


         The notes to the Condensed Financial Statements are an integral
                           part of these statements.




<PAGE>

                        HUGO INTERNATIONAL TELECOM, INC.
                       CONDENSED STATEMENTS OF CASH FLOWS
            FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005 (UN-AUDITED)
                              AND 2004 (UN-AUDITED)

<TABLE>
<CAPTION>

                                                     9/30/05       9/30/04
                                                   --------------------------

Cash flow from operating activities
<S>                                                <C>          <C>
   Net loss ....................................   $(269,022)   $  (6,762)
   Adjustments to reconcile net loss to net cash
     used in operating activities:
   Change in prepaid expenses and other ........     222,000          --
   Change in accounts payable ..................      47,022        6,762
                                                   ---------    ---------
   Net cash used in operating activities .......        --           --

Net increase/(decrease) in cash ................        --           --
Cash, beginning of period ......................        --           --
                                                   ---------    ---------
Cash, end of period ............................   $    --      $    --



SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

Cash paid during the period for:
   Interest ....................................   $    --      $    --
   Income Taxes ................................   $    --      $    --

</TABLE>

         The notes to the Condensed Financial Statements are an integral
                           part of these statements.



<PAGE>



                        HUGO INTERNATIONAL TELECOM, INC.
               NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

1        SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Hugo  International  Telecom,  Inc. ("we", the "Company" or "Hugo") is a holding
company that no longer has any  operating  subsidiaries.  The  company's  former
operating  subsidiaries,   Hugo  International  Limited  ("Hugo  UK")  and  Hugo
International  (Ireland) Ltd. (Hugo  Ireland),  went through formal  liquidation
procedures.  These two defunct subsidiaries  supplied cellular telephone,  radio
and wireless data  communications  solutions to business customers  primarily in
the British Isles.

BASIS OF PRESENTATION

The consolidated  condensed  interim financial  statements  included herein have
been  prepared  by the  Company,  pursuant to the rules and  regulations  of the
Securities  and Exchange  Commission  with regard to Regulation  S-B and, in the
opinion of management,  include in all  adjustments  which,  except as described
elsewhere  herein,  are  of a  normal  recurring  nature,  necessary  for a fair
presentation of the financial  position,  results of operations,  and cash flows
for the periods  presented.  The results for interim periods are not necessarily
indicative of results for the entire year.  The financial  statements  presented
herein should be read in connection  with the financial  statements  included in
the Company's Annual Report on Form 10-KSB for the year ended December 31, 2004.

USE OF ESTIMATES

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the financial statements and the reported amounts of revenue and expenses during
the reporting period. Actual results could differ from those estimates.

2        CONTINGENCIES

Our wholly owned subsidiary,  Hugo International  Telecom,  Ltd. (`Limited') was
placed into  administrative  status of the UK bankruptcy  code as of October 12,
2001. If Limited fails to honor certain of its contractual  obligations  because
of the  bankruptcy  filing or otherwise,  claims may be made against the Company
for  breaches  by Limited of those  contracts  as to which we are  primarily  or
secondarily liable as a guarantor.  In addition,  Limited bankruptcy might bring
certain  claims  against  the  Company  or seek to hold the  Company  liable for
certain   transfers  made  by  Limited  to  the  Company  and/or  for  Limited's
obligations  to creditors  under various  equitable  theories  recognized  under
bankruptcy law. As of January 13, 2006,  there have been no claims filed against
the Company or any of its current or former officers or directors, and we do not
expect  any  material  claims to be  filed.  However,  the  outcome  of  complex
litigation  (including  claims  which  may be  asserted  against  us)  cannot be
predicted  with  certainty  and its  dependent  upon  many  factors  beyond  the
Company's  control;  however,  any such  claims,  if  successful,  could  have a
material  adverse  impact on the  Company's  financial  condition.  We may incur
additional  costs in connection  with the Company's  involvement  in the Limited
bankruptcy proceedings.


3        ISSUE OF SERIES B PREFERRED STOCK

On August 19, 2005 the Board of  Directors  authorized  the  issuance of 300,000
shares of Series B Preferred  Stock.  Each share of Series B Preferred  stock is
entitled to 560 votes at any shareholders meeting,  except that if the number of
fully-diluted shares of common stock exceeds 72,000,000, the voting power of the
Series B Preferred  will be  increased to assure the holders a minimum of 70% of
the vote.  The holder of the Series B Preferred  Stock may convert each share of
Series B Preferred Stock into common stock at a conversion  ratio equal to $1.15
divided  by 80% of the  then-current  market  price of the  common  stock.  Upon
liquidation,  the  holders  of  Series B  Preferred  will  receive  from  assets
available for distribution  $.01 per share,  then will share with the holders of
common stock as if the Series B Preferred had been  converted into common stock.
In the event that the Company  declares a dividend,  the holders of the Series B
Preferred will share in the dividend as if they had converted  their shares into
common stock.

The Board of Directors  issued the 300,000 shares of Series B Preferred Stock in
exchange for 52,650  shares of the  outstanding  Series A Preferred  Stock.  The
holders of the Preferred Stock then transferred all of the outstanding  Series B
Preferred Stock to GreenShift  Corporation in  consideration of its agreement to
provide  management  services to the  Company.  The  remaining  37,350  Series A
preferred shares will be converted to 7,692,300 shares of common stock when that
amount of shares becomes available under the amount the Company is authorized to
issue. The Company  currently has 50,000,000  shares  outstanding,  which is the
maximum number of shares authorized.

<PAGE>

               HUGO INTERNATIONAL TELECOM, INC.


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

                           Forward Looking Statements

In  addition  to  historical   information,   this  Quarterly   Report  contains
forward-looking statements, which are generally identifiable by use of the words
"believes,"  "expects,"  "intends,"   "anticipates,"  "plans  to,"  "estimates,"
"projects," or similar expressions. These forward-looking statements are subject
to certain  risks and  uncertainties  that could cause actual  results to differ
materially from those  reflected in these  forward-looking  statements.  Factors
that might  cause such a  difference  include,  but are not  limited  to,  those
discussed in the section entitled "Business Risk Factors." Readers are cautioned
not to place undue reliance on these forward-looking  statements,  which reflect
management's  opinions only as of the date hereof. We undertake no obligation to
revise or publicly release the results of any revision to these  forward-looking
statements.  Readers should carefully review the risk factors described in other
documents  Hugo  International  Telecom,  Inc.  files from time to time with the
Securities and Exchange Commission (the "SEC"),  including the Quarterly reports
on Form 10QSB to be filed by us in the future fiscal years.


OVERVIEW

Hugo  International  Telecom,  Inc. was a holding company.  It no longer has any
operating   subsidiaries.   In  the  past  its  operating   subsidiaries,   Hugo
International  Limited, and Hugo International Ltd. supplied cellular telephone,
radio and wireless data communications solutions to business customers primarily
in the British Isles who sought to improve  their  customer  service  levels and
control their communications costs. Both of these operating  subsidiaries are no
longer in  operation.  Hugo  Ireland  was closed in 2002 and Hugo  International
limited was wound down in 2003.  The Company lost  significant  capabilities  of
influencing the day to day operations from the administrator in October of 2001.

The Company  incorporated  in the State of  Delaware  on  February  17, 2000 and
acquired our now defunct Hugo  International  Limited  operating  subsidiary  on
February 24, 2000 and our defunct Hugo Ireland  operating  subsidiary on July 1,
2001.

BUSINESS RISK FACTORS

There are many  important  factors that have  affected,  and in the future could
affect, Hugo International Telecom's business,  including but not limited to the
factors discussed below,  which should be reviewed carefully together with other
information contained in this report. Some of the factors are beyond our control
and future trends are difficult to predict.

The Company is not a going concern.

The accompanying  consolidated  financial statements have been prepared assuming
that the Company will continue as a going concern.  The Company,  however,  is a
shell company without any  operations.  As of September 30, 2005 the Company did
not have any cash, and current liabilities  exceeded current assets by $197,872.
These matters raise substantial doubt about the Company's ability to continue as
a going concern.



<PAGE>



ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

BUSINESS RISK FACTORS (CONTINUED)

The bankruptcy  proceeding of our Hugo International  Telecom,  Ltd., subsidiary
exposes us to risks and uncertainties.

The wholly owned subsidiary,  Hugo International  Telecom,  Ltd. (`Limited') was
placed into administrative status of the UK bankruptcy code as of October, 2001.
Limited  was  restated  as a  discontinued  operation  through  the  date of the
bankruptcy filing for financial  statement purposes and was deconsolidated as of
the bankruptcy date for financial statement purposes.  If Limited fails to honor
certain  of its  contractual  obligations  because of the  bankruptcy  filing or
otherwise,  claims  may be made  against  us for  breaches  by  Limited of those
contracts as to which we are primarily or secondarily liable as a guarantor.  In
addition,  Limited  bankruptcy  might bring certain claims against us or seek to
hold us liable for certain  transfers made by Limited to us and/or for Limited's
obligations  to creditors  under various  equitable  theories  recognized  under
bankruptcy law. As of November 21, 2005, there have been no claims filed against
the Company or any of its current or former officers or directors, and we do not
expect  any  material  claims to be  filed.  However,  the  outcome  of  complex
litigation  (including  claims  which  may be  asserted  against  us)  cannot be
predicted with certainty and its dependent upon many factors beyond our control;
however, any such claims, if successful, could have a material adverse impact on
our financial  condition.  Finally,  we may incur additional costs in connection
with out involvement in the Limited bankruptcy proceedings.

The  Company is not likely to hold annual  shareholder  meetings in the next few
years.

Delaware  corporation law provides that members of the board of directors retain
authority  to act  until  they are  removed  or  replaced  at a  meeting  of the
shareholders.  A  shareholder  may petition  the  Delaware  Court of Chancery to
direct that a shareholders  meeting be held. But absent such a legal action, the
board has no obligation to call a  shareholders  meeting.  Unless a shareholders
meeting is held, the existing directors elect directors to fill any vacancy that
occurs on the board of directors. The shareholders,  therefore,  have no control
over the constitution of the board of directors,  unless a shareholders  meeting
is held.  Management  does not expect to hold annual meetings of shareholders in
the next few years, due to the expense involved. Kevin Kreisler is currently the
sole  director of the Company and was appointed to that position by the previous
directors. If other directors are added to the Board in the future, it is likely
that Mr.  Kreisler  will appoint  them.  As a result,  the  shareholders  of the
Company will have no effective  means of exercising  control over the operations
of the Company.

Some of our  existing  stockholders  can exert  control over us and may not make
decisions that further the best interests of all stockholders.

Our   officers,   directors  and   principal   stockholders   (greater  that  5%
stockholders)  together  control  approximately  67% of our voting  stock.  As a
result,  these stockholders,  if they act individually or together,  may exert a
significant degree of influence over our management and affairs and over matters
requiring stockholder approval, including the election of directors and approval
of  significant  corporate  transactions.  In addition,  this  concentration  of
ownership  may delay or prevent a change in  control of us and might  affect the
market  price of our common  stock,  even when a change in control may be in the
best  interest  of  all  stockholders.   Furthermore,   the  interests  of  this
concentration  of ownership  may not always  coincide  with our interests or the
interests of other  stockholders and  accordingly,  they could cause us to enter
into transactions or agreements which we would not otherwise consider.

Investing in our stock is highly  speculative  and you could lose some or all of
your investment.

The value of our common stock may decline and may be affected by numerous market
conditions, which could result in the loss of some or the entire amount invested
in our stock. The securities  markets  frequently  experience  extreme price and
volume  fluctuations  that affect  market  prices for  securities  of  companies
generally and very small capitalization companies such as us in particular.



<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

BUSINESS RISK FACTORS (CONTINUED)

Our common stock  qualifies as a "penny stock" under SEC rules which may make it
more difficult for our stockholders to resell their shares of our common stock.

The holders of our common stock may find it more  difficult  to obtain  accurate
quotations  concerning  the  market  value of the stock.  Stockholders  also may
experience greater  difficulties in attempting to sell the stock than if it were
listed on a stock exchange or quoted on the NASDAQ National Market or the NASDAQ
Small-Cap Market. Because our common stock does not trade on a stock exchange or
on the NASDAQ National  Market or the NASDAQ  Small-Cap  Market,  and the market
price of the  common  stock is less  than  $5.00 per  share,  the  common  stock
qualifies as a "penny stock." SEC Rule 15g-9 under the  Securities  Exchange Act
of 1934 imposes  additional sales practice  requirements on broker-dealers  that
recommend  the purchase or sale of penny stocks to persons  other than those who
qualify as an "established  customer" or an "accredited investor." This includes
the  requirement  that  a  broker-dealer   must  make  a  determination  on  the
appropriateness  of  investments  in penny stocks for the customer and must make
special  disclosures  to the  customer  concerning  the  risks of penny  stocks.
Application  of the penny  stock  rules to our common  stock  affects the market
liquidity of the shares,  which in turn may affect the ability of holders of our
common stock to resell the stock.

Only a small portion of the investment  community  will purchase  "penny stocks"
such as our common stock.

Our common stock is defined by the SEC as a "penny stock" because it trades at a
price  less than  $5.00 per share.  Our  common  stock  also  meets most  common
definitions  of a "penny  stock," since it trades for less than $1.00 per share.
Many brokerage  firms will  discourage  their  customers from  purchasing  penny
stocks,  and even more brokerage firms will not recommend a penny stock to their
customers.  Most  institutional  investors  will not invest in penny stocks.  In
addition,  many  individual  investors  will not  consider a purchase of a penny
stock due, among other things, to the negative reputation that attends the penny
stock market.  As a result of this  widespread  disdain for penny stocks,  there
will be a limited  market  for our  common  stock as long as it remains a "penny
stock." This situation may limit the liquidity of your shares.
<PAGE>



CRITICAL ACCOUNTING POLICIES AND ESTIMATES

The preparation of our  consolidated  financial  statements  requires us to make
estimates that affect the reported amounts of assets, liabilities,  revenues and
expenses.  The  following  are the areas that we believe  require  the  greatest
amount of estimates in the preparation of our financial statements.

As described  more fully in Note 2 to the financial  statements,  Contingencies,
above,  we are  subject  to  legal  proceedings,  which we have  assumed  in our
consolidation  process.  Accruals are established for legal matters when, in our
opinion,  it is probable  that a  liabilities  exists and the  liability  can be
reasonably estimated.  Estimates of the costs associated with dispute settlement
are adjusted as facts emerge.  Actual  expenses  incurred in future  periods can
differ materially from accruals established.

RESULTS OF OPERATIONS

The  company is  currently a shell with no  operations.  Selling,  general,  and
administrative  expenses relate primarily to consulting and management  services
to prepare the company for a strategic transaction.

LIQUIDITY AND CAPITAL RESOURCES

The company had no cash balance as of September 30, 2005. There remains $222,239
of accounts payable and $300 of accrued  expenses  unsettled as of September 30,
2005.

The company has  incurred  continued  operating  losses,  has  negative  working
capital and liabilities exceed assets as of September 30, 2005. These conditions
are expected to continue until unless operating subsidiaries are acquired.

<PAGE>


ITEM 3.  CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Our  principal   executive   officer  and  principal   financial   officer  have
participated  in and supervised  the  evaluation of our disclosure  controls and
procedures (as defined in Rules 13(a)-15(e) and 15(d)-15(e) under the Securities
Exchange  Act of 1934,  as amended  (the  "Exchange  Act")) that are designed to
ensure that  information  required to be  disclosed by us in the reports that we
file is recorded,  processed,  summarized  and reported  within the time periods
specified  in  the  Securities  and  Exchange   Commission's  rules  and  forms.
Disclosure  controls and procedures include,  without  limitation,  controls and
procedures  designed to ensure that the information  required to be disclosed by
us in the reports that we file or submit  under the Exchange Act is  accumulated
and communicated to our management, including our principal executive officer or
officers and principal  financial officer,  to allow timely decisions  regarding
required disclosure.  Hugo International Telecom, Inc.'s chief executive officer
and chief financial officer determined that, as of the end of the period covered
by this report;  these  controls and  procedures  are adequate and  effective in
alerting  them in a timely  manner  to  material  information  relating  to Hugo
International  Telecom,  Inc.  required  to be  included  in Hugo  International
Telecom, Inc's periodic SEC filings.

CHANGES IN INTERNAL CONTROLS

There was no change in internal controls over financial reporting (as defined in
Rule 13a-15(f) promulgated under the Securities Exchange Act or 1934) identified
in connection  with the  evaluation  described in the preceding  paragraph  that
occurred during the third quarter of Hugo's 2005 fiscal year that has materially
affected or is reasonably  likely to materially  affect Hugo's internal  control
over financial reporting.





<PAGE>


                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

None.

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

In August 2005 the Company issued 300,000 shares of Series B Preferred  Stock to
the holders of the outstanding  Series A Preferred Stock. The Series B Preferred
Stock was issued in exchange  for the Series A Preferred  Stock.  . The issuance
was exempt  pursuant to Section4(2) of the Securities Act since the transfer was
not made in a public  offering  and was made to  individuals  who had  access to
detailed  information about Hugo International and were acquiring the shares for
their own accounts. There was no underwriter.


ITEM 3.           DEFAULTS UPON SENIOR SECURITIES

None.

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

None.

ITEM 5.           OTHER INFORMATION

On  August  19,   2005   GreenShift   Corporation   acquired   control  of  Hugo
International.  GreenShift  obtained control by receiving 300,000 shares of Hugo
International's   Series  B  Preferred  Stock.  The  stock  was  transferred  to
GreenShift  in  consideration  of  its  commitment  to  provide   financing  and
management services to Hugo International. On the same date, Kevin Kreisler, the
Chief Executive Officer of GreenShift  Corporation,  was elected to serve as the
sole  director  and officer of Hugo  International,  and all other  officers and
directors resigned from their positions.

ITEM 6.           EXHIBITS

The following are exhibits filed as part of the Company's Form 10-QSB for the
period ended September 30, 2005:

Exhibit Number         Description

     31.1 Certification of Chief Executive  Officer and Chief Financial  Officer
          pursuant to Exchange Act Rules 13a-15(e) and 15d-15(e)

     32.1 Certification of Chief Executive  Officer and Chief Financial  Officer
          pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906
          of the Sarbanes-Oxley Act of (2002.)


<PAGE>



                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15 (d) of the Securities  Exchange
Act of 1934,  the  registrant  has duly  caused  this report to be signed on its
behalf by the undersigned, thereunto duly authorized on the date indicated.


HUGO INTERNATIONAL TELECOM, INC.

By:             /s/ Kevin Kreisler
                --------------------------------
                    Kevin Kreisler
                    Chief Executive Officer and Chief Financial Officer
Date:               January 24, 2006