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**United      States**

**Securities      And Exchange Commission**

**Washington,      D.C. 20549**

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**FORM      10-QSB**

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|   |   |
|--------|--------|

| x | Quarterly                  Report Pursuant To Section 13 Or 15 (d) Of The Securities Exchange                  Act Of                  1934 |
|---|---------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|   | For the quarterly period ended: **September                30, 2005** |
|--------|-----------------------------------------------------------------------|

|   |   |
|--------|--------|

|   | Or |
|--------|----|

| o | Transition                  Report Pursuant To Section 13 Or 15 (d) Of The Securities Exchange                  Act Of                  1934 |
|---|----------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|   | For                the transition period from ______________ to                _______________ |
|--------|------------------------------------------------------------------------------------------------|

**000-28153**

| **The                Cyber Group Network                Corporation** |
|-----------------------------------------------------------------------|
| (Exact                name of registrant as specified in its charter) |
|                                                                  |

| Nevada                                                                       |   | 33-0901534                                             |
|------------------------------------------------------------------------------|--------|--------------------------------------------------------|
| (State                or other jurisdiction of incorporation of origination) |   | (I.R.S.                Employer Identification Number) |

| Post                  Office Box 948264, Maitland, FL.    |   | 32794                       |
|-----------------------------------------------------------|--------|-----------------------------|
| (Address                  of principal executive offices) |   | (Zip                  code) |

| (407)                  645-4433                                                        |
|----------------------------------------------------------------------------------------|
| (Registrant's                  telephone number, including area                  code) |

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**Table        of Contents**

**Index          to Financial Statements**

TABLE      OF CONTENTS

|                   |                                                                                                                                                                                                                                                                            | **Page** |
|------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
|                   |                                                                                                                                                                                                                                                                            |     |
| PART                I  | FINANCIAL                INFORMATION                                                                                                                                                                                                                                            |     |
|                   |                                                                                                                                                                                                                                                                            |     |
| Item                1. | Financial                Statements                                                                                                                                                                                                                                             |     |
|                   | CONDENSED                CONSOLIDATED BALANCE SHEETS AS OF SEPTEMBER 30,                2005 (UNAUDITED) AND DECEMBER 31, 2004                                                                                                                                             | 1        |
|                   | CONDENSED                CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE                AND NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004 AND FOR THE PERIOD                FROM                MARCH 21, 2000 (INCEPTION) TO SEPTEMBER 30, 2005                (UNAUDITED) | 2        |
|                   | CONDENSED                CONSOLIDATED STATEMENTS OF CHANGES IN                STOCKHOLDERS' DEFICIENCY FOR THE PERIOD FROM MARCH 21, 2000 (INCEPTION)                TO                SEPTEMBER 30, 2005 (UNAUDITED)                                                           | 3        |
|                   | CONDENSED                CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE                MONTHS ENDED SEPTEMBER 30, 2005 AND 2004 AND FOR THE PERIOD FROM                MARCH 21,                2000 (INCEPTION) TO SEPTEMBER 30, 2005 (UNAUDITED)                          | 5        |
|                   | NOTES                TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF                SEPTEMBER 30, 2005 (UNAUDITED)                                                                                                                                                         | 6        |
| Item                2. | Management's                Discussion and Analysis or Plan                of Operation                                                                                                                                                                               | 9        |
|                   |                                                                                                                                                                                                                                                                            |     |
| Item                3. | Controls                and Procedures                                                                                                                                                                                                                                          | 10       |
|                   |                                                                                                                                                                                                                                                                            |     |
| PART                II | OTHER                INFORMATION                                                                                                                                                                                                                                           |     |
|                   |                                                                                                                                                                                                                                                                            |     |
| Item                1. | Legal                Proceedings                                                                                                                                                                                                                                                | 11       |
| Item                2. | Unregistered                Sales of Equity Securities and Use of                Proceeds                                                                                                                                                                                       | 11       |
| Item                3. | Defaults                Upon Senior Securities                                                                                                                                                                                                                                  | 11       |
| Item                4. | Submission                of Matters to a Vote of Security                Holders                                                                                                                                                                                               | 11       |
| Item                5. | Other                Information                                                                                                                                                                                                                                                | 11       |
| Item                6. | Exhibits                and Reports on Form 8-K                                                                                                                                                                                                                                 | 11       |
|                   |                                                                                                                                                                                                                                                                            |     |
| Signatures        | 12                                                                                                                                                                                                                                                                              |
|                   |                                                                                                                                                                                                                                                                            |     |

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**Table          of Contents**

**Index          to Financial          Statements**

**PART      I - FINANCIAL INFORMATION**

**Item      1. Financial Statements**

**THE      CYBER GROUP NETWORK CORPORATION**

**AND      SUBSIDIARY**

**(A      DEVELOPMENT STAGE COMPANY)**

**CONDENSED      CONSOLIDATED FINANCIAL STATEMENTS**

**AS      OF SEPTEMBER 30, 2005 (UNAUDITED)**

----

**Table          of Contents**

**Index          to Financial          Statements**

**THE      CYBER GROUP NETWORK CORPORATION**

**AND      SUBSIDIARY**

**(A      DEVELOPMENT STAGE COMPANY)**

**CONTENTS**

|   |                 |                                                                                                                                                                                                                                                                            |
|--------|----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| PAGE   | 1                    | CONDENSED                CONSOLIDATED BALANCE SHEETS AS OF SEPTEMBER 30, 2005                (UNAUDITED) AND DECEMBER 31, 2004                                                                                                                                                  |
|   |                 |                                                                                                                                                                                                                                                                            |
| PAGE   | 2                    | CONDENSED                CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE                AND NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004 AND FOR THE PERIOD                FROM                MARCH 21, 2000 (INCEPTION) TO SEPTEMBER 30, 2005                (UNAUDITED) |
|   |                 |                                                                                                                                                                                                                                                                            |
| PAGES  | 3                - 4 | CONDENSED                CONSOLIDATED STATEMENTS OF CHANGES IN                STOCKHOLDERS’ DEFICIENCY FOR THE PERIOD FROM MARCH 21, 2000                (INCEPTION) TO SEPTEMBER 30, 2005 (UNAUDITED)                                                               |
|   |                 |                                                                                                                                                                                                                                                                            |
| PAGE   | 5                    | CONDENSED                CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE                MONTHS ENDED SEPTEMBER 30, 2005 AND 2004 AND FOR THE PERIOD FROM                MARCH 21,                2000 (INCEPTION) TO SEPTEMBER 30, 2005 (UNAUDITED)                          |
|   |                 |                                                                                                                                                                                                                                                                            |
| PAGES  | 6                - 8 | NOTES                TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF                SEPTEMBER 30, 2005 (UNAUDITED)                                                                                                                                                         |

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**Table          of Contents**

**Index          to Financial          Statements**

**THE      CYBER GROUP NETWORK CORPORATION AND SUBSIDIARY**

**(A      DEVELOPMENT STAGE COMPANY)**

**CONDENSED      CONSOLIDATED BALANCE SHEETS**

**AS      OF SEPTEMBER 30, 2005 AND DECEMBER 31, 2004**

|                                                                                                                                                           |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| **ASSETS**                                                                                                                                                     |   |
|                                                                                                                                                           |   | September                30, 2005 (Unaudited) |   | December                31, 2004 |   |
|                                                                                                                                                           |   |   |   |   |   |
| **CURRENT                ASSETS**                                                                                                                              |   |   |   |   |   |
| Cash                                                                                                                                                           |   | $ | 1,137 |   | $ | 1,227 |   |
| **TOTAL                ASSETS**                                                                                                                                |   | $ | 1,137 |   | $ | 1,227 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS’ DEFICIENCY**                                                                                              |
|                                                                                                                                                           |   |   |   |   |   |   |   |
| **CURRENT                LIABILITIES**                                                                                                                         |   |   |   |   |   |   |   |
| Accounts                payable                                                                                                                                |   | $ | 180,235 |   | $ | 180,235 |   |
| Accrued                expenses                                                                                                                                |   |   | 163,022 |   |   | 128,529 |   |
| Loans                payable                                                                                                                                   |   |   | 231,317 |   |   | 231,317 |   |
| Payable                to related party                                                                                                                        |   |   | 52,210 |   |   | 52,210 |   |
| Due                to officers                                                                                                                                 |   |   | 937,218 |   |   | 636,994 |   |
| Total                Current Liabilities                                                                                                                       |   |   | 1,564,002 |   |   | 1,229,285 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |
| **COMMITMENTS                AND CONTINGENCIES**                                                                                                               |   |   |   |   |   |   |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |
| **STOCKHOLDERS’                DEFICIENCY**                                                                                                              |   |   |   |   |   |   |   |
| Preferred                stock, $0.001 par value, 50,000,000 shares authorized, 2,000,000                Series A                shares issued and outstanding |   |   | 2,000 |   |   | 2,000 |   |
| Common                stock, $0.001 par value, 500,000,000 shares authorized, 177,188,665                shares                issued and outstanding          |   |   | 177,188 |   |   | 177,188 |   |
| Additional                paid-in capital                                                                                                                      |   |   | 10,504,593 |   |   | 10,504,593 |   |
| Deficit                accumulated during development stage                                                                                                    |   |   | (12,246,646 | ) |   | (11,911,839 | ) |
| **TOTAL                STOCKHOLDERS’ DEFICIENCY**                                                                                                        |   |   | (1,562,865 | ) |   | (1,228,058 | ) |
| **TOTAL                LIABILITIES AND STOCKHOLDERS’ DEFICIENCY**                                                                                        |   | $ | 1,137 |   | $ | 1,277 |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |
|                                                                                                                                                           |   |   |   |   |   |   |   |

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**Table          of Contents**

**Index          to Financial          Statements**

**THE      CYBER GROUP NETWORK CORPORATION AND SUBSIDIARY**

**(A      DEVELOPMENT STAGE COMPANY)**

**CONDENSED      CONSOLIDATED STATEMENTS OF      OPERATIONS**

**FOR      THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2005 AND      2004**

**AND      FOR THE PERIOD FROM MARCH 21, 2000 (INCEPTION) TO SEPTEMBER 30,      2005**

**(UNAUDITED)**

|                                                                                                   |   |                                                         |        |                                                         |   |                                                                      |   |                                                                      |        |                                                                                          |   |
|--------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------|-------------|--------------------------------------------------------------|--------|---------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|-------------|-----------------------------------------------------------------------------------------------|--------|
|                                                                                                   |   | For                the Three Months Ended September 30, 2005 |        | For                the Three Months Ended September 30, 2004 |   | For                the Nine Months EndedSeptember                30, 2005 |   | For                the Nine Months EndedSeptember                30, 2004 |        | Cumulative                FromMarch                21, 2000 (Inception) To September 30, 2005 |   |
|                                                                                                   |   |                                                         |        |                                                         |   |                                                                      |   |                                                                      |        |                                                                                          |   |
| **REVENUE**                                                                                            |   | $                                                            | –     |                                                         | $      | –                                                                   |   | $                                                                         | –     |                                                                                          | $      | – |   | $ | 237,304 |   |
| **COST                OF GOODS SOLD**                                                                  |   |                                                         | –     |                                                         |   | –                                                                   |   |                                                                      | –     |                                                                                          |   | – |   |   | 45,718 |   |
| **GROSS                PROFIT**                                                                        |   |                                                         | –     |                                                         |   | –                                                                   |   |                                                                      | –     |                                                                                          |   | – |   |   | 191,586 |   |
|                                                                                                   |   |                                                         |        |                                                         |   |                                                                      |   |                                                                      |        |                                                                                          |   |   |   |   |   |   |
| **OPERATING                EXPENSES**                                                                  |   |                                                         |        |                                                         |   |                                                                      |   |                                                                      |        |                                                                                          |   |   |   |   |   |   |
| Selling,                general and administrative                                                     |   |                                                         | 152,359     |                                                         |   | 246,593                                                                   |   |                                                                      | 300,314     |                                                                                          |   | 385,404 |   |   | 10,746,094 |   |
| Total                Operating Expenses                                                                |   |                                                         | 152,359     |                                                         |   | 246,593                                                                   |   |                                                                      | 300,314     |                                                                                          |   | 385,404 |   |   | 10,746,094 |   |
|                                                                                                   |   |                                                         |        |                                                         |   |                                                                      |   |                                                                      |        |                                                                                          |   |   |   |   |   |   |
| **LOSS                FROM OPERATIONS**                                                                |   |                                                         | (152,359    | )                                                            |   | (246,593                                                                  | )      |                                                                      | (300,314    | )                                                                                             |   | (385,404 | ) |   | (10,554,508 | ) |
|                                                                                                   |   |                                                         |        |                                                         |   |                                                                      |   |                                                                      |        |                                                                                          |   |   |   |   |   |   |
| **OTHER                EXPENSE (INCOME)**                                                              |   |                                                         |        |                                                         |   |                                                                      |   |                                                                      |        |                                                                                          |   |   |   |   |   |   |
| Forgiveness                of debt                                                                     |   |                                                         | –     |                                                         |   | –                                                                   |   |                                                                      | –     |                                                                                          |   | – |   |   | (222,786 | ) |
| Impairment                of property, plant and equipment                                             |   |                                                         | –     |                                                         |   | –                                                                   |   |                                                                      | –     |                                                                                          |   | – |   |   | 44,113 |   |
| Impairment                of goodwill                                                                  |   |                                                         | –     |                                                         |   | –                                                                   |   |                                                                      | –     |                                                                                          |   | – |   |   | 295,000 |   |
| Interest                expense                                                                        |   |                                                         | 24,831      |                                                         |   | 4,831                                                                     |   |                                                                      | 34,493      |                                                                                          |   | 14,493 |   |   | 1,575,811 |   |
| Total                Other Expense                                                                     |   |                                                         | 24,831      |                                                         |   | 4,831                                                                     |   |                                                                      | 34,493      |                                                                                          |   | 14,493 |   |   | 1,692,138 |   |
| **NET                LOSS**                                                                            |   | $                                                            | (177,190    | )                                                            | $      | (251,424                                                                  | )      | $                                                                         | (334,807    | )                                                                                             | $      | (399,897 | ) | $ | (12,246,646 | ) |
|                                                                                                   |   |                                                         |        |                                                         |   |                                                                      |   |                                                                      |        |                                                                                          |   |   |   |   |   |   |
| Net                loss per share - basic and diluted                                                  |   | $                                                            | –     |                                                         | $      | –                                                                   |   | $                                                                         | –     |                                                                                          | $      | – |   |   |   |   |
|                                                                                                   |   |                                                         |        |                                                         |   |                                                                      |   |                                                                      |        |                                                                                          |   |   |   |   |   |   |
| Weighted                average number of common shares outstanding - basic and                diluted |   |                                                         | 177,188,665 |                                                         |   | 174,788,730                                                               |   |                                                                      | 177,188,665 |                                                                                          |   | 155,431,592 |   |   |   |   |
|                                                                                                   |   |                                                         |        |                                                         |   |                                                                      |   |                                                                      |        |                                                                                          |   |   |   |   |   |   |
|                                                                                                   |   |                                                         |        |                                                         |   |                                                                      |   |                                                                      |        |                                                                                          |   |   |   |   |   |   |

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**Table          of Contents**

**Index          to Financial          Statements**

**THE      CYBER GROUP NETWORK CORPORATION AND SUBSIDIARY**

**(A      DEVELOPMENT STAGE COMPANY)**

**CONDENSED      CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS'      DEFICIENCY**

**FOR      THE PERIOD FROM MARCH 21, 2000 (INCEPTION) TO SEPTEMBER 30,      2005**

**(UNAUDITED)**

|                                                                                                                                        |   |   |                               |   |   |                            |   |   |       |   |   |        |   |   |       |   |   |        |   |   |       |   |
|---------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------------------------------|--------|--------|---------------------------------|--------|--------|------------|--------|--------|-------------|--------|--------|------------|--------|--------|-------------|--------|--------|------------|--------|
|                                                                                                                                        |   |   |                               |   |   |                            |   |   |       |   |   |        |   |   |       |   |   | Deficit     |   |   |       |   |
|                                                                                                                                        |   |   |                               |   |   |                            |   |   |       |   |   |        |   |   |       |   |   | Accumulated |   |   |       |   |
|                                                                                                                                        |   |   |                               |   |   |                            |   |   |       |   |   |        |   |   | Additional |   |   | During      |   |   |       |   |
|                                                                                                                                        |   |   | Preferred                    Stock |   |   | Common                    Stock |   |   | Paid-In    |   |   | Development |   |   |       |   |
|                                                                                                                                        |   |   | Shares                             |   |   | Amount                          |   |   | Shares     |   |   | Amount      |   |   | Capital    |   |   | Stage       |   |   | Total      |   |
|                                                                                                                                        |   |   |                               |   |   |                            |   |   |       |   |   |        |   |   |       |   |   |        |   |   |       |   |
| Issuance                    of common stock and recapitalization due to acquisition on March                    21,                    2000 |   |   | –                            |   | $      | –                         |   |   | 740,400    |   | $      | 740         |   | $      | (740       | )      | $      | –     |   | $      | –    |   |
| Issuance                    of stock for services rendered                                                                                  |   |   | –                            |   |   | –                         |   |   | 608,519    |   |   | 609         |   |   | 1,277,591  |   |   | –     |   |   | 1,278,200  |   |
| Issuance                    of stock for compensation                                                                                       |   |   | –                            |   |   | –                         |   |   | 83,487     |   |   | 83          |   |   | 243,372    |   |   | –     |   |   | 243,455    |   |
| Issuance                    of stock for donations                                                                                          |   |   | –                            |   |   | –                         |   |   | 18,333     |   |   | 18          |   |   | 29,932     |   |   | –     |   |   | 29,950     |   |
| Conversion                    of convertible redeemable debentures                                                                          |   |   | –                            |   |   | –                         |   |   | 794,058    |   |   | 794         |   |   | 999,206    |   |   | –     |   |   | 1,000,000  |   |
| Conversion                    of convertible redeemable debentures                                                                          |   |   | –                            |   |   | –                         |   |   | 260,519    |   |   | 261         |   |   | 271,239    |   |   | –     |   |   | 271,500    |   |
| Stock                    options issued for compensation                                                                                    |   |   | –                            |   |   | –                         |   |   | –    |   |   | –     |   |   | 237,750    |   |   | –     |   |   | 237,750    |   |
| Stock                    options issued for services rendered                                                                               |   |   | –                            |   |   | –                         |   |   | –    |   |   | –     |   |   | 220,000    |   |   | –     |   |   | 220,000    |   |
| Interest                    from beneficial conversion features                                                                             |   |   | –                            |   |   | –                         |   |   | –    |   |   | –     |   |   | 932,291    |   |   | –     |   |   | 932,291    |   |
| Issuance                    of stock for interest expense                                                                                   |   |   | –                            |   |   | –                         |   |   | 88,889     |   |   | 89          |   |   | 99,911     |   |   | –     |   |   | 100,000    |   |
| Net                    loss, 2000                                                                                                           |   |   | –                            |   |   | –                         |   |   | –    |   |   | –     |   |   | –    |   |   | (4,509,712  | )      |   | (4,509,712 | )      |
| Balance,                    December 31, 2000                                                                                               |   |   | –                            |   |   | –                         |   |   | 2,594,205  |   |   | 2,594       |   |   | 4,310,552  |   |   | (4,509,712  | )      |   | (196,566   | )      |
| Issuance                    of common stock for services rendered                                                                           |   |   | –                            |   |   | –                         |   |   | 13,350,675 |   |   | 13,350      |   |   | 2,752,503  |   |   | –     |   |   | 2,765,853  |   |
| Issuance                    of stock for compensation                                                                                       |   |   | –                            |   |   | –                         |   |   | 1,998,841  |   |   | 1,999       |   |   | 592,296    |   |   | –     |   |   | 594,295    |   |
|                                                                                                                                        |   |   |                               |   |   |                            |   |   |       |   |   |        |   |   |       |   |   |        |   |   |       |   |
|                                                                                                                                        |   |   |                               |   |   |                            |   |   |       |   |   |        |   |   |       |   |   |        |   |   |       |   |

----

**Table          of Contents**

**Index          to Financial          Statements**

**THE      CYBER GROUP NETWORK CORPORATION AND SUBSIDIARY**

**(A      DEVELOPMENT STAGE COMPANY)**

**CONDENSED      CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS'      DEFICIENCY**

**FOR      THE PERIOD FROM MARCH 21, 2000 (INCEPTION) TO SEPTEMBER 30,      2005**

**(UNAUDITED)**

|                                                           |   |                           |      |                        |   |              |   |                                                  |        |    |   |
|----------------------------------------------------------------|--------|--------------------------------|-----------|-----------------------------|--------|-------------------|--------|-------------------------------------------------------|-------------|---------|--------|
|                                                           |   | Preferred                Stock |      | Common                Stock |   | AdditionalPaid-In |   | Deficit                Accumulated During Development |        |    |   |
|                                                           |   | Shares                         |      | Amount                      |   | Shares            |   | Amount                                                |        | Capital |   | Stage |   | Total |   |
|                                                           |   |                           |      |                        |   |              |   |                                                  |        |    |   |   |   |   |   |
| Conversion                of convertible redeemable debentures |   |                           | –   |                        |   | –           |   |                                                  | 657,385     |    |   | 657 |   |   | 603,188 |   |   | – |   |   | 603,845 |   |
| Interest                from beneficial conversion features    |   |                           | –   |                        |   | –           |   |                                                  | –     |    |   | – |   |   | 218,922 |   |   | – |   |   | 218,922 |   |
| Issuance                of other stock - litigation            |   |                           | –   |                        |   | –           |   |                                                  | 600,000     |    |   | 600 |   |   | 148,400 |   |   | – |   |   | 149,000 |   |
| Issuance                of restricted shares                   |   |                           | –   |                        |   | –           |   |                                                  | 5,555,555   |    |   | 5,556 |   |   | (5,556 | ) |   | – |   |   | – |   |
| Series                A preferred stock issued                 |   |                           | 2,000,000 |                        |   | 2,000             |   |                                                  | –     |    |   | – |   |   | 211,250 |   |   | – |   |   | 213,250 |   |
| Net                loss, 2001                                  |   |                           | –   |                        |   | –           |   |                                                  | –     |    |   | – |   |   | – |   |   | (4,902,903 | ) |   | (4,902,903 | ) |
| Balance,                December 31, 2001                      |   |                           | 2,000,000 |                        |   | 2,000             |   |                                                  | 24,756,661  |    |   | 24,756 |   |   | 8,831,555 |   |   | (9,412,615 | ) |   | (554,304 | ) |
|                                                           |   |                           |      |                        |   |              |   |                                                  |        |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance                of stock to pay loans                  |   |                           | –   |                        |   | –           |   |                                                  | 30,253,157  |    |   | 30,253 |   |   | 346,023 |   |   | – |   |   | 376,276 |   |
| Issuance                of stock for compensation              |   |                           | –   |                        |   | –           |   |                                                  | 20,010,289  |    |   | 20,010 |   |   | 479,275 |   |   | – |   |   | 499,285 |   |
| Issuance                of stock for services                  |   |                           | –   |                        |   | –           |   |                                                  | 73,214,520  |    |   | 73,215 |   |   | 678,094 |   |   | – |   |   | 751,309 |   |
| Stock                rescinded                                 |   |                           | –   |                        |   | –           |   |                                                  | (5,587,962  | )       |   | (5,588 | ) |   | 5,588 |   |   | – |   |   | – |   |
| Net                loss, 2002                                  |   |                           | –   |                        |   | –           |   |                                                  | –     |    |   | – |   |   | – |   |   | (1,924,803 | ) |   | (1,924,803 | ) |
| Balance,                December 31, 2002                      |   |                           | 2,000,000 |                        |   | 2,000             |   |                                                  | 142,646,665 |    |   | 142,646 |   |   | 10,340,535 |   |   | (11,337,418 | ) |   | (852,237 | ) |
|                                                           |   |                           |      |                        |   |              |   |                                                  |        |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance                of stock for services                  |   |                           | –   |                        |   | –           |   |                                                  | 3,000,000   |    |   | 3,000 |   |   | 2,700 |   |   | – |   |   | 5,700 |   |
| Net                loss, 2003                                  |   |                           | –   |                        |   | –           |   |                                                  | –     |    |   | – |   |   | – |   |   | (300,770 | ) |   | (300,770 | ) |
| Balance,                December 31, 2003                      |   |                           | 2,000,000 |                        |   | 2,000             |   |                                                  | 145,646,665 |    |   | 145,646 |   |   | 10,343,235 |   |   | (11,638,188 | ) |   | (1,147,307 | ) |
|                                                           |   |                           |      |                        |   |              |   |                                                  |        |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance                of stock for services                  |   |                           | –   |                        |   | –           |   |                                                  | 32,542,000  |    |   | 32,542 |   |   | 160,358 |   |   | – |   |   | 192,900 |   |
| Stock                rescinded                                 |   |                           | –   |                        |   | –           |   |                                                  | (1,000,000  | )       |   | (1,000 | ) |   | 1,000 |   |   | – |   |   | – |   |
| Net                Loss, 2004                                  |   |                           | –   |                        |   | –           |   |                                                  | –     |    |   | – |   |   | – |   |   | (273,651 | ) |   | (273,651 | ) |
| Balance,                December 31, 2004                      |   |                           | 2,000,000 |                        |   | 2,000             |   |                                                  | 177,188,665 |    |   | 177,188 |   |   | 10,504,593 |   |   | (11,911,839 | ) |   | (1,228,058 | ) |
| Net                Loss, 2005                                  |   |                           | –   |                        |   | –           |   |                                                  | –     |    |   | – |   |   | – |   |   | (334,807 | ) |   | (334,807 | ) |
| **Balance,                September 30, 2005**                 |   |                           | 2,000,000 |                        | $      | 2,000             |   |                                                  | 177,188,665 |    | $      | 177,188 |   | $ | 10,504,593 |   | $ | (12,246,646 | ) | $ | (1,562,865 | ) |
|                                                           |   |                           |      |                        |   |              |   |                                                  |        |    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                           |   |                           |      |                        |   |              |   |                                                  |        |    |   |   |   |   |   |   |   |   |   |   |   |   |

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**Table          of Contents**

**Index          to Financial          Statements**

**THE        CYBER GROUP NETWORK CORPORATION AND SUBSIDIARY**

**(A        DEVELOPMENT STAGE COMPANY)**

**CONDENSED        CONSOLIDATED STATEMENTS OF CASH        FLOWS**

**FOR        THE NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004 AND FOR**

**THE        PERIOD FROM MARCH 21, 2000 (INCEPTION) TO SEPTEMBER 30,        2005**

**(UNAUDITED)**

|                                                      |   |                                                                      |    |                                                                      |   |                                                                                              |   |
|-----------------------------------------------------------|--------|---------------------------------------------------------------------------|---------|---------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------|--------|
|                                                      |   | For                the Nine Months EndedSeptember                31, 2005 |    | For                the Nine Months EndedSeptember                30, 2004 |   | For                the Period fromMarch                21, 2000 (Inception) to September 30, 2005 |   |
|                                                      |   |                                                                      |    |                                                                      |   |                                                                                              |   |
| **CASH                FLOWS FROM OPERATING ACTIVITIES**   |   | $                                                                         | (90     | )                                                                         | $      | (1,567                                                                                            | )      | $ | (1,923,771 | ) |
|                                                      |   |                                                                      |    |                                                                      |   |                                                                                              |   |   |   |   |
| **CASH                FLOWS FROM INVESTING ACTIVITIES:**  |   |                                                                      |    |                                                                      |   |                                                                                              |   |   |   |   |
| Purchase                of property, plant and equipment  |   |                                                                      | – |                                                                      |   | –                                                                                           |   |   | (125,506 | ) |
| Purchase                of license rights                 |   |                                                                      | – |                                                                      |   | –                                                                                           |   |   | (70,000 | ) |
| Proceeds                used in business acquisition      |   |                                                                      | – |                                                                      |   | –                                                                                           |   |   | (295,000 | ) |
| Net                Cash Used In Investing Activities      |   |                                                                      | – |                                                                      |   | –                                                                                           |   |   | (490,506 | ) |
|                                                      |   |                                                                      |    |                                                                      |   |                                                                                              |   |   |   |   |
| **CASH                FLOWS FROM FINANCING ACTIVITIES:**  |   |                                                                      |    |                                                                      |   |                                                                                              |   |   |   |   |
| Proceeds                from loan payable                 |   |                                                                      | – |                                                                      |   | –                                                                                           |   |   | 627,604 |   |
| Proceeds                from issuance of convertible debt |   |                                                                      | – |                                                                      |   | –                                                                                           |   |   | 1,787,810 |   |
| Net                Cash Provided By Financing Activities  |   |                                                                      | – |                                                                      |   | –                                                                                           |   |   | 2,415,414 |   |
|                                                      |   |                                                                      |    |                                                                      |   |                                                                                              |   |   |   |   |
| NET                INCREASE (DECREASE) IN CASH            |   |                                                                      | (90     | )                                                                         |   | 1,567                                                                                             |   |   | 1,137 |   |
|                                                      |   |                                                                      |    |                                                                      |   |                                                                                              |   |   |   |   |
| CASH                - BEGINNING OF PERIOD                 |   |                                                                      | 1,227   |                                                                      |   | 40                                                                                                |   |   | – |   |
| CASH                  - END OF PERIOD                     |   | $                                                                         | 1,137   |                                                                      | $      | 1,607                                                                                             |   | $ | 1,137 |   |

| **SUPPLEMENTAL                DISCLOSURE CASH FLOW INFORMATION:** |   |
|-------------------------------------------------------------------|--------|
| Cash                paid for income taxes                         |   | $ | – |   | $ | – |   | $ | 1,227 |   |
| Cash                paid for interest                             |   | $ | – |   | $ | – |   | $ | – |   |
|                                                              |   |   |   |   |   |   |   |   |   |   |
|                                                              |   |   |   |   |   |   |   |   |   |   |

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**Table          of Contents**

**Index          to Financial          Statements**

**THE        CYBER GROUP NETWORK CORPORATION AND SUBSIDARY**

**(A        DEVELOPMENT STAGE COMPANY)**

**NOTES        TO THE CONDENSED CONSOLIDATED FINANCIAL        STATEMENTS**

**AS        OF SEPTEMBER 30, 2005 (UNAUDITED)**

|   |   |
|--------|--------|

|   |   |
|--------|--------|

| **NOTE                  1** | **BUSINESS                    ACTIVITY** |
|-----------------------------|------------------------------------------|

| ***(A)*** | ***Basis                  of                  Presentation*** |
|-----------|---------------------------------------------------------------|

| ***(B)*** | ***Use                of Estimates*** |
|-----------|---------------------------------------|

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**Table          of Contents**

**Index          to Financial          Statements**

**THE        CYBER GROUP NETWORK CORPORATION AND SUBSIDARY**

**(A        DEVELOPMENT STAGE COMPANY)**

**NOTES        TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**AS        OF SEPTEMBER 30, 2005 (UNAUDITED)**

|   |   |
|--------|--------|

|   |   |
|--------|--------|

| ***(C)*** | ***Earnings                  Per Share*** |
|-----------|-------------------------------------------|

| **NOTE              3** | **COMMITMENTS                AND CONTINGENCIES** |
|-------------------------|--------------------------------------------------|

| **NOTE              4** | **STOCKHOLDERS'                DEFICIENCY** |
|-------------------------|---------------------------------------------|

| A) | Common                Stock |
|----|-----------------------------|

** **

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**Table          of Contents**

**Index          to Financial          Statements**

**THE        CYBER GROUP NETWORK CORPORATION AND SUBSIDARY**

**(A        DEVELOPMENT STAGE COMPANY)**

**NOTES        TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**AS        OF SEPTEMBER 30, 2005 (UNAUDITED)**

|   |   |
|--------|--------|

|   |   |
|--------|--------|

| **NOTE                5** | **RELATED                  PARTY                  TRANSACTIONS** |
|---------------------------|------------------------------------------------------------------|

| **NOTE              6** | **GOING                CONCERN** |
|-------------------------|----------------------------------|

| **NOTE              7** | **SUBSEQUENT                EVENT** |
|-------------------------|-------------------------------------|

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**Table          of Contents**

**Index          to Financial Statements**

**Item        2.** **Management's        Discussion And Analysis Or Plan Of Operation**

**FORWARD-LOOKING      STATEMENTS**

**OVERVIEW**

----

**Table          of Contents**

**Index        to Financial Statements**

**RESULTS      OF OPERATIONS**

**LIQUIDITY      AND CAPITAL RESOURCES**

**CASH      REQUIREMENTS AND ADDITIONAL FUNDING**

**Item      3. Controls And Procedures**

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**Table          of Contents**

**Index          to Financial          Statements**

**PART      II - OTHER INFORMATION**** **

| **Item                1.** | **Legal                  Proceedings.** |
|----------------------------|-----------------------------------------|

|   |   |
|--------|--------|

|   | None. |
|--------|-------|

| **Item                2.** | **Unregistered                  Sales of Equity Securities and Use of Proceeds.** |
|----------------------------|-----------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|   | None. |
|--------|-------|

| **Item                3.** | **Defaults                  upon Senior Securities.** |
|----------------------------|-------------------------------------------------------|

|   |   |
|--------|--------|

|   | None. |
|--------|-------|

| **Item                4.** | **Submission                  of Matters to a Vote of Securities Holders.** |
|----------------------------|-----------------------------------------------------------------------------|

|   |   |
|--------|--------|

|   | None. |
|--------|-------|

| **Item                5.** | **Other                  Information**. |
|----------------------------|-----------------------------------------|

|   |   |
|--------|--------|

|   | None. |
|--------|-------|

| **Item              6.** | **Exhibits                And Reports On Form                8-K** |
|--------------------------|--------------------------------------------------------------------|

***Exhibit Number      and Brief Description***

| **Exhibit                Number** |    | **Description**                                                                                                                                                                                                                                                                       |
|-----------------------------------|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                              |         |                                                                                                                                                                                                                                                                                  |
| 2.1                               |         | Share                Purchase Agreement by and between The Cyber Group Network, Inc. and                Howard                L. Allen and Donald G. Jackson (shareholders of Hollywood Entertainment                Network, Inc.) dated May 12, 2000 (1)                            |
| 2.2                               |         | Plan                of Merger Agreement between The Cyber Group Network Corp. and CGN                Acquisitions Corporation dated December 7, 2000 (2)                                                                                                                              |
| 2.3                               |         | Share                Exchange Agreement between The Cyber Group Network Corporation,                R.                Scott Cramer, Steve Lowe, David Wassung and Skystar Bio-Pharmaceutical,                and the Skystar Shareholders dated September 20, 2005                (3) |
| 3.1                               |         | Charter                of The Cyber Group Network Corporation as filed with the State of                Nevada                (4)                                                                                                                                                     |
| 3.2                               |         | Company                Bylaws (5)                                                                                                                                                                                                                                                     |
| 31.1                              |         | Section 302                Certification by the Corporation’s Chief Executive Officer (Filed                herewith.)                                                                                                                                                     |
| 31.2                              |         | Section 302                Certification by the Corporation’s Chief Financial Officer (Filed                herewith.)                                                                                                                                                     |
| 32.1                              |         | Section 906                Certification by the Corporation’s Chief Executive Officer (Filed                herewith.)                                                                                                                                                     |
| 32.2                              |         | Section 906                Certification by the Corporation’s Chief Financial Officer (Filed                herewith.)                                                                                                                                                     |
|                              |         |                                                                                                                                                                                                                                                                                  |

----

| (1) | Incorporated                by reference from the Registrant’s Current Report on Form 8-K/A filed on                June 1, 2000. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Incorporated                by reference from the Registrant’s Current Report on Form 8-K/A filed on                January 12, 2001. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Incorporated                by reference from the Registrant’s Current Report on Form 8-K filed on                September 26, 2005. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Incorporated                by reference from the Registrant’s Current Report on Form 8-K filed on                November 14, 2005. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Incorporated                by reference from the Registrant’s Registration Statement on Form 10-SB                filed on November 16, 1999. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------|

***The      following Form 8-K was issued during the reporting      period***
***:***

| 1. | Form                8-K | September                26, 2005, Entry into Share                Exchange Agreement (“Exchange Agreement”) by and among R. Scott Cramer,                Steve Lowe, David Wassung (all hereinafter collectively referred                to as the                “CGPN Shareholders”) and the Registrant on the one hand, and Skystar                Bio-Pharmaceutical (Cayman) Holdings Co., Ltd., a Cayman Island Company                (“Skystar”), and the shareholders of 100% of Skystar’s common stock (the                “Skystar Shareholders”) |
|----|-------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**Table          of Contents**

**Index        to Financial Statements**

**SIGNATURES**

|                                              |                                                                |                               |
|---------------------------------------------------|---------------------------------------------------------------------|------------------------------------|
|                                              |                                                                |                               |
|                                              | **THE                CYBER GROUP NETWORK CORPORATION**              |
|                                         |                                                           |                          |
| Dated:                 December 1, 2005 | By:                                                       | /s/ Weibing                Lu |
|                                              |                                                                     |
|                                              | Weibing                  LuChief Executive                  Officer |

----