**U.
      S. SECURITIES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**WASHINGTON,
      D. C. 20549**




**FORM 10-QSB**




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




**For
      the quarterly year ended March 31, 2007**




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




**For
      the transition period from ___________ to __________**




**Commission
      file number: 000-25261**




**BANCORP
      INTERNATIONAL GROUP, INC.**


**(formerly
      March Indy International, Inc.)**


(Name
      of
      small business issuer in its Charter)




**NEVADA**
            **88-0339817**(State
                or other jurisdiction ofincorporation
                or organization)
            (I.R.S.
                Employer Identification No.)




**3126
      South Boulevard, Suite 264**


**Edmond,
      Oklahoma 73013**


(Address
      of principal executive offices)




**(405)
      313-5535**


(Issuer’s
      telephone number)




_____________________________________________________________________


(Former
      name, former address and former fiscal year, if changed since last
      report)




Check
      whether the issuer (1) filed all reports required to be filed by
      Section 13 or 15(d) of the Exchange Act during the past 12 months (or
      for such shorter period that the registrant was required to file such reports),
      and (2) has been subject to such filing requirements for the past 90 days.
 Yes o 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
      o




APPLICABLE
      ONLY TO CORPORATE ISSUERS




State
      the
      number of shares outstanding of each of the issuer’s classes of common equity,
      as of the latest practicable date:




**CLASS**
            
            **OUTSTANDING**Common
                StockPar
                value $0.001 per share
            
            As
                of November 29, 2007, 1,075,084,637 shares of theissuer’s common
                stock, $.0001 par value, were outstanding.See the discussion set forth
                in this report under the headings“Management’s Discussion and Analysis
                or Plan ofOperation - Overview” and“Legal Proceedings” for
                information regarding the issuer’soutstanding common
                stock.




Transitional
      Small Business Disclosure Format: Yes o No x









**PART
      1 - FINANCIAL INFORMATION**




**Item
      1.  Financial Statements.**




Our
      financial statements presented in this report were prepared and included in
      this
      report in accordance with Regulation S-X and Regulation S-B and appear in this
      report beginning on page F-1.




**Item
      2.  Management’s Discussion and Analysis or Plan of
      Operation.**




The
      following discussion should be read in conjunction with our financial statements
      and notes thereto appearing elsewhere in this report.




Throughout
      this report the first personal plural pronoun in the nominative case form “we”
and its objective case form “us”, its possessive and the intensive case forms
“our” and “ourselves” and its reflexive form “ourselves” refer collectively to
      Bancorp International Group, Inc., its executive officers and
      directors.




**Cautionary
      Statement Relating to Forward Looking Information**




We
      have
      included some forward-looking statements in this section and other places in
      this report regarding our expectations.   These forward-looking
      statements involve known and unknown risks, uncertainties and other factors
      which may cause our actual results, levels of activity, performance or
      achievements, or industry results, to be materially different from any future
      results, levels of activity, performance or achievements expressed or implied
      by
      these forward-looking statements.  Some of these forward-looking statements
      can be identified by the use of forward-looking terminology including
“believes,” “expects,”  “may,” “will,”  “should” or “anticipates” or
      the negative thereof or other variations thereon or comparable terminology,
      or
      by discussions of strategies that involve risks and uncertainties. You should
      read statements that contain these words carefully because they discuss our
      future expectations, contain projections of our future operating results or
      of
      our future financial condition, or state other “forward-looking”
information.




We
      believe it is important to discuss our expectations; however, it must be
      recognized that events may occur in the future over which we have no control
      and
      which we are not accurately able to predict.  Readers are cautioned to
      consider the specific business risk factors described under the caption “Risk
      Factors” appearing under “Item 1. Description of Business” of our Annual Report
      on Form 10-KSB filed with the United States Securities and Exchange Commission
      on May 1, 2007, and not to place undue reliance on the forward-looking
      statements contained herein, which speak only as of the date of this
      report.  We undertake no obligation to publicly revise forward-looking
      statements to reflect events or circumstances that may arise after the date
      of
      this report.




**Overview**




N.E.C.
      Properties, Inc. (“NEC”) was incorporated on September 16, 1995, under the
      laws in the State of Nevada. NEC was organized as a blank check company with
      no
      operations or plan of business. On September 30, 1995, NEC had 25,000
      shares at no par value authorized and 18,600 shares outstanding, which were
      issued for $1,860 in cash. On November 19,1998, the amended and restated
      Articles of Incorporation were filed with the Secretary of State of Nevada
      that
      increased NEC’s authorized common shares from 25,000 to 25,000,000, and
      established a par value of $.001 per share. In November 1998, the NEC
      stockholders approved two forward stock splits. The first was a 100 for 1 split
      increasing the number of the outstanding common shares to 1,860,000 and the
      second was a 1.77 for 1 stock split resulting in 3,292,200 common shares
      outstanding.




On
      November 10, 1999, NEC acquired all of the outstanding stock of March Indy
      International, Inc. (“March”), in exchange for 7,706,575 shares of NEC (the
“Share Exchange”). March was incorporated in Delaware on November 24, 1998
      (“inception”). For accounting purposes, the transaction was accounted for as a
      reverse acquisition under the purchase method for business combinations, and
      accordingly the transaction was treated as a recapitalization of March, with
      March having acquired NEC.




On
      June
      17, 2000, March declared a one-for-three reverse stock split, effective
      September 26, 2000. This reverse stock split reduced the number of our
      outstanding common stock shares from 12,090,234 to 4,030,078.




2




From
      the
      Share Exchange through September 30, 2000, we were in the preliminary stages
      of
      engaging in the business of designing, building and racing cars for Formula
      One,
      Cart and Indy competition both in the United States and abroad. We also planned
      to develop an internet website to offer and sell merchandise products related
      to
      our racing efforts. In October 2000, because of our inability to
      successfully organize an Indy car race team and our failure to compete in the
      Indianapolis 500, we discontinued our racing and related promotional
      activities.




In
      2001,
      we changed our name from March to Bancorp International
      Group, Inc.




In
      September 2005, we entered into a non-binding joint venture agreement with
      an
      oil export concern pursuant to which we would acquire rights to sell and market
      the oil and natural gas production from the petroleum reserves of Papua, New
      Guinea. The conditions to this joint venture were not satisfied by the other
      party, and the prospective joint venture did not become effective.




On
      August
      19, 2005, our Board of Directors approved and adopted the Certificate of
      Designation Preferences and Right of Preferred Stock (“Certificate of
      Designation”). The Certificate of Designation sets forth the preferences and
      rights of our 15,000,000 authorized shares of preferred stock, $.0001 par value,
      designated as the Series A Convertible Preferred Stock (“Series A
      Preferred Stock”).




On
      August
      19, 2005, our stockholders voted to amend our Articles of Incorporation to
      increase the number of authorized shares of common stock from 25,000,000 at
      a
      par value of $.001 to 500,000,000 at a par value of $.0001. In a second
      amendment on August 19, 2005, effective January 6, 2006, our
      stockholders approved another amendment to our Articles of Incorporation that
      increased the number of our authorized shares of common stock from 500,000,000
      at $.0001 par value to 2,000,000,000 at $.0001 par value.




On
      January 11, 2006, in accordance with a Settlement Agreement relating to a
      lawsuit brought by us against certain parties, the Company issued 269,773,000
      shares of the Company’s common stock. The lawsuit and resulting Settlement
      Agreement are discussed under “Legal Proceedings.” These shares were issued in
      accordance with the registration exemption afforded under Section
      3(a)(10) of the Securities Act of 1933.




In
      June
      2006, we entered into a letter of intent with a Midwestern oil company in effort
      to enable us to acquire the working interest in producing wells and proven
      non-developed reserves. The conditions to the letter of intent were not
      satisfied by the oil company, and the letter of intent was abandoned.


As
        of
        March 31, 2007, we have no operations. However, we currently desire to pursue
        oil and gas exploration and development opportunities outside the United
        States,
        particularly in Papua New Guinea. We believe that any such undertaking (and
        the
        undertaking of any other significant business opportunity) is necessarily
        contingent upon the prior final determination of the number of shares our
        common
        stock that are outstanding.
 
 There
        are
        currently 525,035,229 shares of our common stock validly issued and outstanding.
        As described in Part II, Item 1. “Legal Proceedings,” we were initially aware of
        approximately 243,842,000 additional shares of our common stock that we believe
        were wrongfully issued. We have also identified 306,207,408 shares of common
        stock that are currently held in brokerage accounts, which shares may be
        in
        addition to the shares noted above. Based on the foregoing, we estimate that
        a
        total of 1,075,084,637 shares are outstanding, whether validly issued or
        invalidly issued, comprised of 525,035,229 validly issued shares, 243,842,000
        invalidly shares identified previously by us, and 306,207,408 additional
        invalidly issued shares held by brokerage firms on behalf of various beneficial
        owners. If our continued investigations reveal additional shares or reveal
        that
        the number of such shares is less than described above, we will report such
        conclusions by filing an appropriate Current Report on Form 8-K.
 
 After
        consideration of various means to resolve the issues of the invalidly issued
        shares, we currently intend to undertake a reverse stock split of our common
        stock. If undertaken, we intend to base the reverse stock split on a ratio
        that
        would reduce the number of our outstanding shares of our common stock, whether
        validly or invalidly issued, to approximately 5,000,000 shares. Such action,
        if
        undertaken and completed, would also result in the reduction of the number
        of
        our shareholders. Following the reverse stock split, if undertaken and
        completed, we intend to recognize all then outstanding shares of our common
        stock as validly issued and outstanding.
 
 Because
        we intend to recognize the 1,075,084,637 shares of our common stock described
        above in the proposed reverse stock split, the 243,842,000 invalidly shares
        identified previously by us and 306,207,408 additional invalidly issued shares
        held by brokerage firms on behalf of various beneficial owners are assumed
        to be
        outstanding for purposes of this report.




In
      connection with our desire to pursue energy exploration and development
      opportunities, we intend to change our name to Energy Source, Inc. to reflect
      our current business intent.




In
      order
      to undertake the contemplated reverse stock split and our name change, the
      Board
      of Directors intends to call a meeting of our shareholders as soon as
      practicable following the date that the Company becomes current in its reporting
      obligations under the Securities Act of 1934, which requires us to file our
      quarterly reports on Form 10-QSB for the second and third quarter of 2007,
      along
      with any other current reports on Form 8-K that may be required.




3




**Litigation
      Regarding Common Stock Certificates**




We
      filed
      a lawsuit on April 11, 2007, against approximately 1,500 purported shareholders
      alleging that they hold improperly issued stock certificates.  A
      primary
      reason this litigation was pursued was to finally determine the number of shares
      of our common stock that should be recognized as outstanding. However, we
      dismissed this litigation without prejudice in May 2007, because the litigation
      was becoming cost-prohibitive. See “Legal Proceedings - Stock Certificate
      Litigation” for a discussion of the lawsuit.




**Employees**




As
      of the
      date of this report, we have one employee, Thomas Megas, our Chief Executive
      Officer and President, who does not receive any form of compensation or
      remuneration for his services.





**Going
      Concern**




As
      indicated in the notes to the financial statements included in this report,
      the
      financial statements have been prepared assuming that we will continue as a
      going concern. In the year ended December 31, 2006, we incurred a net loss
      of approximately $364,000. In addition, at December 31, 2006 and 2005, we
      had working capital deficiencies of approximately $288,000 and $267,000,
      respectively. These conditions raise substantial doubt about our ability to
      continue as a going concern. The accompanying financial statements do not
      include any adjustments that might be necessary in the event we are unable
      to
      continue as a going concern.




**12-Month
      Overhead Budget**




Our
      budgeted overhead expenses for the 12 months ending December 31, 2007, are
      as
      follows:





**Expenditures:**
            
            **Per****Month**
            
            **12****Months**Travel
                expenses
            
            $
            3,000
            
            $
            36,000Hotel
                accommodations
            
            
            2,500
            
            
            30,000Rent
                and office expenses
            
            
            1,000
            
            
            12,000Legal
                expenses
            
            
            5,000
            
            
            60,000Accounting
                expenses
            
            
            7,500
            
            
            90,000Utilities
                and telephone
            
            
            3,000
            
            
            36,000Transfer
                agent
            
            
            625
            
            
            7,500Office
                supplies and equipment
            
            
            1,042
            
            
            12,500Miscellaneous
                expenses
            
            
            3,500
            
            
            42,000Total
                Administrative Expenditures
            
            $
            27,167
            
            $
            326,000




Except
      as
      set forth in the table above, we do not have any capital commitments. 
Because we do not have any assets, we are unable to fund such expenses without
      obtaining additional funding. We have not formalized any plans for obtaining
      the
      necessary additional capital resources and funding, and have not obtained any
      related commitments.  We anticipate however that, on a short-term basis,
      Thomas Megas (our controlling shareholder and Chief Executive Officer and one
      of
      our directors) will provide the necessary capital resources and funding through
      loans. Unless the necessary capital resources are obtained, we may unable to
      proceed with our intentions to pursue oil and gas exploration and development
      opportunities.




4




**Item
      3.  Controls and Procedures.**




We
      do not
      maintain formal disclosure controls and procedures to ensure that information
      required to be disclosed by us in the reports filed under the Securities
      Exchange Act, is recorded, processed, summarized and reported within the time
      periods specified by the SEC’s rules and forms. We currently are unable to fund
      the design development of such disclosure controls and procedures. Further,
      if
      disclosure controls and procedures were designed, we are currently unable to
      adequately staff and supervise the implementation of such controls and
      procedures. As a result, our current circumstances could lead to the untimely
      identification and resolution of accounting and disclosure matters and the
      failure to perform timely and effective reviews.




As
      a
      result and based upon his evaluation as of the end of the period covered by
      this
      report, our Chief Executive Officer and Acting Chief Financial Officer concluded
      that our disclosure controls and procedures are not effective to ensure that
      information required to be included in our periodic SEC filings is recorded,
      processed, summarized, and reported within the time periods specified in the
      SEC
      rules and forms.




No
      corrective actions were taken to correct the material weaknesses in our
      disclosure controls and procedures because of the lack of required financial
      resources necessary to correct such weaknesses.




**PART
      II - OTHER INFORMATION**




**Item
      1.  Legal Proceedings.**




**Pino
      Litigation**




In
      August
      2005, management became aware of the unauthorized issuance of approximately
      243,842,000 shares of our common stock (the “Wrongfully Issued Shares”) to
      various entities and individuals for services and gifts, whereupon these
      entities and individuals attempted to sell the Wrongfully Issued Shares in
      the
      open market. Our current officers and directors had no relationship with the
      entities and individuals that issued the Wrongfully Issued Shares.




In
      September 2005, we filed a civil action (the “Pino Litigation”) in the
      District Court of Oklahoma County, Oklahoma, styled *Bancorp
      International Group, Inc. v. Mario A. Pino, an individual, Sam Deeb, an
      individual, Jean Carlos Medina, an individual, Charles Weller, an individual,
      Barkev Kibarian, an individual, Felica Morales, an individual,
      Clearstock, Inc., a Texas corporation, DealFlo, L.L.C., a New York Limited
      Liability Company, The Grace Trust, a foreign trust, Global Consulting Group,
      a
      Maryland corporation, Intelligent Message Distributors, a Nevada corporation,
      and Wall Street Group, L.L.C., a Arizona limited liability
      company* (the
“Defendants”), Case No. CJ-2005-7459 (the “Civil Litigation”), seeking the
      return of the Wrongfully Issued Shares and the Defendants’ receipt of proceeds
      from the sale of those shares.




In
      the
      Civil Litigation we alleged that Mr. Pino individually and through various
      affiliated entities and co-conspirators, including the Wall Street Group,
      L.L.C., prepared or possessed 20 or more common stock certificates purportedly
      representing 235,000,000 shares of our common stock, the previously referred
      to
      Wrongfully Issued Shares, that were distributed to various individuals and
      entities, including the other Defendants. We could not determine if, in addition
      to the 235,000,000 shares, any additional shares were wrongfully issued.




Capital
      Growth Financial, L.L.C. and JH Darbie & Co., holders of our common
      stock, intervened in the Civil Litigation (the “Interveners”) and alleged that
      we negligently hired the Defendants and negligently supervised their actions
      and
      activities, and asserted Oklahoma and federal securities fraud and
      failure-to-register claims against the Defendants and us.




In
      conjunction with the Civil Litigation, we reached an agreement with JH
      Darbie & Co., under which we delivered 25,025,000 common stock shares
      to JH Darbie & Co. to be held pending settlement or conclusion of the
      Civil Litigation. These shares were delivered to JH Darbie & Co. to
      satisfy the requirements of Depository Trust Company (“DTC”) until common stock
      shares eligible to be resold without restriction could be delivered by JH
      Darbie & Co. to cover its short position in our common stock.
      Furthermore, JH Darbie & Co. placed in trust $72,500 to be used to pay
      the costs incurred by us in the litigation.




5




On
      January 11, 2006, the Court entered an Order Approving Settlement Agreement
      (the “Order”). As a result of issuance of the Order, a settlement agreement (the
“Settlement Agreement”) became binding upon the Company and the Defendants Mario
      Pino, Barkev Kibarian, Juan Carlos Medina, Wall Street Group, L.L.C.,
      Clearstock, Inc., Sam Deeb (“Deeb”), Global Consulting Group., DealFlo,
      L.L.C., and Intelligent Message Distributors (the “Settling Defendants”) and the
      Interveners with an effective date of December 8, 2005.




In
      accordance with the Settlement Agreement, our claims against the Settling
      Defendants and the claims of the Settling Defendants against us were resolved
      by
      the exchange of releases of claims, a release of the Wrongfully Issued Shares
      and payments to us in the aggregate sum of $171,546 from funds held at Capital
      Growth Financial, L.L.C. and the further agreement to pay an additional $277,093
      by Capital Growth. Furthermore, the claims of the Interveners against us were
      released for the issuance of 25,025,000 shares of our common stock to JH
      Darbie & Co. and 219,723,000 shares of our common stock to Capital
      Growth Financial, L.L.C. for an aggregate sum of 244,748,000 common stock shares
      (the “Newly Issued Shares”). These shares were required to be deposited with DTC
      by JH Darbie & Co. and Capital Growth Financial, L.L.C. in satisfaction
      of their short positions with companies through which securities purchase and
      sale transactions are cleared on behalf of JH Darbie & Co. and Capital
      Growth Financial, L.L.C. The Newly Issued Shares were issued in accordance
      with
      the registration exemption afforded under Section 3(a)(10) of the
      Securities Act.




Defendants
      Pino, Medina, Kibarian, Global Consulting Group, Intelligent Message
      Distributors and Wall Street Group, L.L.C. agreed to indemnify and hold harmless
      the Company against all actions, suits, proceedings, demands, and assessments
      brought by any past, present or future holder of our common stock in connection
      with the Settlement Agreement and our various claims settled in the Settlement
      Agreement and any associated judgments, attorney’s fees, costs and
      expenses.




In
      addition, the Settlement Agreement Deeb, Intelligent Message Distributors,
      and
      Wall Street Group/Mario Pino acknowledged that they owed to BCIT approximately
      $16,500, $36,800, and $73,000, respectively, and agreed to pay such amounts
      to
      the Company as partial consideration for the issuance of the Newly Issued Shares
      to JH Darbie & Co. and Capital Growth Financial, L.L.C. Each of Deeb,
      Intelligent Message Distributors and Wall Street Group, L.L.C./Mario Pino have
      failed to pay such amounts, and the Company is pursuing collection of the
      same.




The
      Defendants, Grace Trust, Charles Weller, and Felica Morales (“Non-Settling
      Defendants”), did not execute the settlement agreement and accordingly did not
      settle the claims asserted against them in the Civil Litigation. In February
      2006, we received judgments against the Non-Settling Defendants, other than
      The
      Grace Trust, and are currently pursuing collection of these
      judgments.




**Stock
      Certificate Litigation**




We
      filed
      a lawsuit (the “Stock Certificate Litigation”) on April 11, 2007, against
      approximately 1,500 shareholders alleging that they hold invalid stock
      certificates that were wrongfully issued and distributed by Mr. Pino and others,
      which represent the remaining outstanding Wrongfully Issued Shares that we
      are
      currently able to identify from the Pino Litigation. The style of the lawsuit
      is *Bancorp
      International Group, Inc. v. Michael W. Cannan, et al.,* Case No.
      CJ-2007-3181, District Court of Oklahoma County, State of Oklahoma. The lawsuit
      requested the court to rule that the stock certificates held by the defendants
      representing the Wrongfully Issued Shares be declared void and that we be
      awarded damages and attorney’s fees and costs in connection with the Stock
      Certificate Litigation. It was our intent that the Stock Certificate Litigation
      would determine which certificates and related shares of common stock are valid
      and which are not valid. In May 2007, we dismissed the Stock Certificate
      Litigation without prejudice to the Company. The Board of Director determined
      that continuing the Stock Certificate Litigation was becoming cost-prohibitive.




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




During
      the three months ended March 31, 2007, we did not sell any unregistered shares
      of our common stock.




**Item
      3.  Defaults Upon Senior Securities.**




We
      are
      not in default on any senior securities.




6




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




During
      the three months ended March 31, 2007, no matters were submitted to the holder
      of our common stock shares, through the solicitation of proxies or
      otherwise.




**Item
      5.  Other Information.**




We
      do not
      have any information required to be disclosed in a repot on Form 8-K during
      the
      three months ended March 31, 2007 that has not been previously reported on
      Form
      8-K.




**Item
      6.  Exhibits.**




**Exhibit**
            
            **Description**31
            
            Rule
                13a - 14(a)/15d - 14(a) Certification, as adopted pursuant to Section
                302
                of the Sarbanes Oxley Act of 200232
            
            Certification
                of the Chief Executive Officer and Acting Chief Financial Officer
                pursuant
                to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
                the
                Sarbanes Oxley Act of 2002




**SIGNATURES**




Pursuant
      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.




BANCORP
                INTERNATIONAL GROUP, INC.DATE:
                December 7, 2007
            /s/
                THOMAS MEGASThomas
                MegasChief
                Executive OfficerActing
                Chief Financial Officer




7




Index
      to
      Consolidated Financial Statements





Report
                of Independent Registered Public Accounting Firm - for the three
                months
                Ended March 31, 2007 and 2006
            
            F-1Balance
                Sheets
            
            F-2Statements
                of Operations
            
            F-3Statements
                of Shareholders' Equity (Deficit)
            
            F-5Statements
                of Cash Flows
            
            F-4Notes
                to Financial Statements
            
            F-6-8





The
      Board
      of Directors


Bancorp
      International Group, Inc.


3126
      South Blvd.


Suite
      264


Edmond,
      OK 73013





Dear
      Board of Directors,





We
      have
      reviewed the accompanying Balance Sheet of Bancorp International Group, Inc.
      as
      of March 31, 2007, and the related statements of income, stockholders’ equity
      and comprehensive income and cash flows for the three months then ended. These
      financial statements are the responsibility of the company’s management.





We
      conducted our review in accordance with the standards of the Public Company
      Accounting Oversight Board (United States). A review of interim financial
      information consists principally of applying analytical procedures and making
      inquires of persons responsible for the financial and accounting matters. It
      is
      substantially less in scope than an audit conducted in accordance with standards
      of the Public Company Accounting Oversight Board (United States), the objective
      of which is the expression of an opinion regarding the financial statements
      taken as a whole. Accordingly, we do not express such an opinion.





Based
      on
      our review, we are not aware of any material modifications that should be made
      to the accompanying interim financial statements for them to be in conformity
      with accounting principles generally accepted in the United States of America.




/s/
                Lieberman & AssociatesLieberman
                & Associates P.A.Ft.
                Lauderdale, Florida





**Bancorp
        International Group, Inc.**
 **Statement
        of Financial Position**
 **As
        of March 31,**
 
 **2007**
              
              **2006****Assets**Cash
              
              $
              495
              
              $
              1,128Subscription
                  Receivable
              
              
              267,549
              
              
              267,549**Total
                  Assets**
              
              **$**
              **268,044**
              
              **$**
              **268,677****Liabilities
                  and Stockholders' Equity**Accounts
                  Payable and Accrued Expenses
              
              $
              191,969
              
              $
              171,336Current
                  portion of Long Term Debt
              
              
              203,816
              
              
              172,125**Total
                Liabilities**
              
              
              **395,785**
              
              
              **343,461****Stockholders'
                  Equity**Preferred
                  Stock Series A $.0001 par value, 15,000,000 share authorized, issued
                  and
                  outstanding at March 31, 2007 and March 31, 2006.
              
              
              1,500
              
              
              1,500Common
                  Stock, $.0001 par value, 2,000,000,000 shares authorized, 1,075,084,637
                  shares issued and outstanding at March 31, 2007 and 500,009,162
                  shares
                  issued and outstanding at March 31, 2006.
              
              
              107,509
              
              
              107,509Additional
                  Paid in Capital
              
              
              4,617,519
              
              
              4,617,519Accumulated
                  Deficit
              
              
              (4,854,269
              )
              
              (4,801,312
              )**Total
                  Stockholders' Equity**
              
              
              **(127,741**
              **)**
              
              **(74,784**
              **)****Total
                  Liabilities and Stockholders' Equity**
              
              **$**
              **268,044**
              
              **$**
              **268,677**
 
 The
        attached notes are an integral part of these financial statements
  F-2
  **Bancorp
        International Group, Inc.**
 **Statement
        of Operations**
 **For
        the Three Months Ended March 31,**
 
 **2007**
              
              **2006****REVENUES**
              
              **$**
              **-**
              
              **$**
              **-****COST
                  OF GOOD SOLD**
              
              
              -
              
              
              -**GROSS
                  PROFIT**
              
              
              **-**
              
              
              **-****EXPENSES:**Accounting
                  Fees
              
              
              -
              
              
              88,000Legal
                  Fees
              
              
              -
              
              
              50,000Consulting
                  Fees
              
              
              -
              
              
              69,756Transfer
                  Agent Fees
              
              
              -
              
              
              4,000Interest
                  Expense
              
              
              1,753
              
              
              1,686Lodging
                  and Travel
              
              
              -
              
              
              45,965Office
                  Expense
              
              
              -
              
              
              53,019**Total
                  Expenses**
              
              
              **1,753**
              
              
              **312,426****NET
                  INCOME/(LOSS)**
              
              **$**
              **(1,753**
              **)**
              **$**
              **(312,426**
              **)****Earnings
                  per Share:****Basic**
              
              **$**
              **(0.00**
              **)**
              **$**
              **(0.00**
              **)*****Fully
                  Diluted**
              
              **$**
              **-**
              
              **$**
              **-**
 
 ***
        The Fully Diluted Earnings Per Share for the quarter ended March 31,
        2007**
 
 The
        attached notes are an integral part of these financial
        statements
  F-3
  **Bancorp
        International Group, Inc.**
 **Statement
        of Changes in Cash Flow**
 **For
        the Three Months Ended March 31,**
 
 **2007**
              
              **2006****Cash
                  flow from operating activities:**Net
                  Income / (Loss)
              
              $
              (1,753
              )
              $
              (312,426
              )**Non
                  Cash Adjustments:**Prior
                  Year adjustment for interest
              
              
              
              
              
              (47,292
              )Prior
                  Year adjustments for unrecorded liabilities
              
              
              
              
              
              (41,323
              )**Adjustments
                  to reconcile net loss to net cash used in operating
                  activities:**Increase
                  in Subscription Receivable
              
              
              -
              
              
              (267,549
              )Increase
                  in Accounts Payable and Accrued Expenses
              
              
              1,753
              
              
              21,560**Net
                  cash flow provided from operating activities:**
              
              
              **-**
              
              
              **(647,029**
              **)****Cash
                  flow from investing activities:**Stockholder
                  Loans
              
              
              -
              
              
              162,593**Net
                  cash flow used in investing activities:**
              
              
              **-**
              
              
              **162,593****Cash
                  flow from financing activities:**Proceeds
                  from sale of common stock
              
              
              -
              
              
              485,564**Net
                  cash flow from financing activities:**
              
              
              **-**
              
              
              **485,564**Net
                  increase in cash flow
              
              
              -
              
              
              1,128Beginning
                  Cash
              
              
              495
              
              
              -**Ending
                  Cash**
              
              **$**
              **495**
              
              **$**
              **1,128****Supplemental
                  disclosures by financing activities:**Interest
                  Expense
              
              
              1,753
              
              
              4,397
 
 The
        attached notes are an integral part of these financial statements
  F-4
  **Bancorp
        International Group, Inc.**
 **Statement
        of Stockholders' Deficit**
 
 **Common Stock**
              
              **Preferred Stock Series A****Shares**
              
              **Par**
              
              **Shares**
              
              **Par**
              
              **Paid in Capital**
              
              **Accumulated**
                **Deficit**
              
              **Total****Balance
                  December 31, 2005**
              
              
              **4,030,078**
              
              **$**
              **403**
              
              
              **-**
              
              **$**
              **-**
              
              **$**
              **3,792,314**
              
              **$**
              **(4,488,887**
              **)**
              **$**
              **(696,170**
              **)**Expenses
                  paid by Stockholders in exchange for equity - January
                  6, 2006
              
              
              251,231,084
              
              
              25,123
              
              
              -
              
              
              -
              
              
              11,802
              
              
              -
              
              
              36,925Conversion
                  of debt payable to Stockholders - January 6, 20006
              
              
              -
              
              
              -
              
              
              15,000,000
              
              
              1,500
              
              
              446,747
              
              
              -
              
              
              448,247Settlement
                  of lawsuit - January 15, 2006
              
              
              244,748,000
              
              
              24,475
              
              
              -
              
              
              -
              
              
              424,164
              
              
              -
              
              
              448,639Shares
                identified as outstanding related to the January 15, 2006
                settlement
              
              
              550,049,408
              
              
              55,005
              
              
              
              
              
              
              
              
              (55,005
              )
              
              
              
              
              -Outstanding
                  shares to be returned per January 15, 2006 settlement
              
              
              25,075,000
              
              
              2,508
              
              
              -
              
              
              -
              
              
              (2,508
              )
              
              -
              
              
              -Repurchase
                  of treasury Stock Janury 15, 2006
              
              
              (48,933
              )
              
              (5
              )
              
              -
              
              
              -
              
              
              5
              
              
              -
              
              
              -Net
                  Loss - December 31, 2006
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              (363,629
              )
              
              (363,629
              )Balance
                  December 31, 2006
              
              
              1,075,084,637
              
              
              107,508
              
              
              15,000,000
              
              
              1,500
              
              
              4,617,520
              
              
              (4,852,516
              )
              
              (125,988
              )Net
                  Loss - March 31, 2007
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              (1,753
              )
              
              (1,753
              )**Balance
                  March 31, 2007**
              
              
              **1,075,084,637**
              
              **$**
              **107,508**
              
              
              **15,000,000**
              
              **$**
              **1,500**
              
              **$**
              **4,617,520**
              
              **$**
              **(4,854,269**
              **)**
              **$**
              **(127,741**
              **)**
 
 The
        attached notes are an integral part of these financial statements
  F-5




BANCORP
      INTERNATIONAL GROUP, INC.


NOTES
      TO
      FINANCIAL STATEMENTS


For
      the
      Three Months Ended March 31, 2007





1.
      THE
      COMPANY





N.E.C.
      Properties, Inc. ("NEC") was incorporated on September 16 1995, under the laws
      in the State of Nevada. NEC was organized with no operations or plan of
      business. On September 30, 1995 the Company issued 18,600 shares of its then
      no
      par value and 25,000 authorized common stock, for $1,860 in cash. On November
      19, 1998 the State of Nevada approved NEC's restated Articles of Incorporation,
      which increased their authorized common shares from 25,000 to 25,000,000, and
      established a par value of $.001 per share of common stock. In addition, in
      November 1998 NEC approved a forward stock split of 100:1, thus increasing
      the
      number of then outstanding common shares to 1,860,000. In addition, at that
      time
      the Company also authorized a 1.77 for 1 forward stock split in anticipation
      of
      a merger transaction with March Indy International, Inc. ("March" or "March
      Indy"). The previously issued 1,860,000 common shares were now 3,613,249 common
      shares.





On
      November 10, 1999, NEC acquired all the outstanding stock of March for 7,706,575
      shares of NEC. March was incorporated in Delaware on November 24, 1998
      ("inception"). For accounting purposes, the transaction has been accounted
      for
      as a reverse acquisition under the purchase method for business combinations,
      and accordingly the transaction has been treated as a recapitalization of March,
      with March as the acquirer. The shares issued in the Transaction were treated
      as
      being issued for cash and have been shown as outstanding for all periods
      presented in the same manner as for a stock split.





On
      June
      17, 2000 the Company declared a one for three (1:3) reverse stock split,
      effective June 26, 2000. The financial statements herein give retroactive effect
      to this, and all the above, related equity transactions. March had intended
      to
      engage in the business of designing, building and racing motor cars for Formula
      One, Cart and Indy competition both in the United States and abroad. March
      has
      also planned to develop an Internet website in order to merchandise products
      related to its racing efforts. From the time of its inception March had been
      a
      development stage enterprise through September 30, 2000. Subsequent to September
      30, 2000, the management of March determined that due to the inability to
      successfully organize an Indy car race team and to compete in the Indianapolis
      500 in the second quarter of the year ended December 31, 2000, that the
      Company's operations, as intended, would cease to operate. Due to the cessation
      of operations, management has determined that they are no longer a development
      stage enterprise commencing from the third quarter ended September 30,
      2000.





During
      the quarter ended September 30, 2001, March changed its name to Bancorp
      International Group, Inc. ("Bancorp") in an attempt to effect a merger with
      a
      financial service oriented business. Bancorp has not merged with any financial
      service business. Henceforth NEC, March or Bancorp are to be referred to as
      the
      "Company", unless reference is made to the respective company for reference
      to
      events surrounding their acquisition by the Company.





The
      Company is subject to the reporting obligations under Section 12(g)of the
      Securities Exchange Act of 1934. The Company has not complied with the reporting
      obligations since December 31, 2001.


F-6


2.
      GOING
      CONCERN




The
      accompanying financial statements have been prepared assuming that the Company
      will continue as a going concern. The Company has incurred net losses of
      approximately $364,000 and $109,000 for the years ended December 31, 2006
      and December 31, 2005. Additionally, the Company has working capital
      deficiencies of approximately $287,000 and $267,000 at December 30, 2006
      and 2005 respectively. These conditions raise substantial doubt about the
      Company’s ability to continue as a going concern. Management’s plans with
      respect to these matters include restructuring its  existing obligations,
      raising additional capital through future issuances of stock and or debentures,
      and to complete a business acquisition for future operations. The accompanying
      financial  statements do not include any adjustments that might be
      necessary should the Company be unable to continue as a going
      concern.




3.
      SIGNIFICANT ACCOUNTING POLICIES





(a)
      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. Critical estimates include
      management's judgments associated with: other asset valuations and accrued
      expenses. Actual results could differ from those estimates.





(b)
      Loss
      Per Share - Basic earnings (loss) per share ("EPS") is determined by dividing
      net loss for the period by the weighted average number of common shares
      outstanding during the same period. Diluted EPS reflects the potential dilution
      that could occur if securities or other contracts to issue common stock were
      exercised or converted into common stock or resulted in the issuance of common
      stock, which would then share in the earnings of the Company. For the year
      ended
      December 31, 2002 the Company had no potentially dilutive instruments
      outstanding that could potentially be exercised or converted into common
      stock.





(c)
      Impairment of Long-Lived Assets - The Company reviews long-lived assets for
      impairment whenever circumstances and situations change such that there is
      an
      indication that the carrying amounts may not be recovered. The recoverability
      of
      assets held and used in operations is measured by a comparison of the carrying
      amount of the assets to the future net cash flows expected to be generated
      by
      the assets. If such assets are considered to be impaired, the impairment to
      be
      recognized is measured by the amount by which the carrying amount of the assets
      exceeds the fair value of the assets.  As
      of
      December 31, 2000 all Long-Lived assets have been deemed impaired and written
      down to -0-. This expense was included in discontinued operations for the year
      ended December 31, 2000.





(d)
      Fair
      Value of Financial Instruments - The Company's financial instruments consists
      of
      accounts payable and accrued expenses. The carrying amount of the financial
      instruments reported in the consolidated balance sheet approximates fair value
      based on the short-term maturity of these instruments.





(e)
      Income Taxes - The Company accounts for income taxes in accordance with
      Financial Accounting Standards Board ("FASB") Statement of Financial Accounting
      Standards ("SFAS") No. 109, "Accounting for Income Taxes." The Company
      recognizes deferred tax assets and liabilities based on the difference between
      the financial statement carrying amounts and the tax bases of the assets and
      liabilities, using the effective tax rates in the years in which the differences
      are expected to reverse. A valuation allowance related to the deferred tax
      asset
      is also recorded when it is probable that some or all of the deferred tax asset
      will not be realized. Income tax expense consists of the tax payable for the
      period and the change during the period in deferred tax assets and
      liabilities.


F-7


The
      following is a reconciliation of income tax expense computed using the statutory
      Federal rate for the three months ended March 31:





2007
            
            2006Net
                Operating Loss Carryover
            
            $
            4,951,694
            
            $
            4,898,737Tax
                benefit at federal statutory rate of 15%
            
            $
            742,754
            
            $
            734,811Increases
                in valuation allowance
            
            
            (742,754
            )
            
            (734,811
            )Deferred
                tax assets
            
            $
            -0-
            
            $
            -0-





As
      of
      March 31, 2007, the Company had net operating loss carry forwards available
      to
      offset future taxable income of approximately $4,855,000, which expire in
      various years through 2027. The Company uses the lowest marginal U.S. corporate
      tax rate of 15% to determine deferred tax amounts and the related valuation
      allowance.




4.  COMMON
        STOCK
 
 In
        April
        2007, the Company file a law suit against approximately 1,500 shareholders
        alleging that they hold invalid stock certificates that were wrongfully issued
        and distributed. The approximate number of shares are 243,842,000. The lawsuit
        requested the court to rule that the stock certificates be declared void
        and
        that damages, attorney’s fees and costs be awarded to the Company in connection
        with the Litigation. In May 2007, the Company dismissed the litigation without
        prejudice because, the Board of Director determined that continuing the
        litigation was becoming cost-prohibitive.
 
 In
        April
        2007 the Management of the Corporation identified an additional 306,207,408
        shares of common stock issued and held in various brokerage firms on behalf
        of
        various owners.


F-8