U. S. 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 period ended September 30, 2006

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the transition period from                to
                                    --------------    ---------------

                       Commission File No.  000-51464

                        SOUVALL-PAGE AND COMPANY, INC.
                        ------------------------------
              (Name of Small Business Issuer in its Charter)

             UTAH                                      87-0376691
             ----                                      ----------
  (State or Other Jurisdiction of              (I.R.S. Employer I.D. No.)
   incorporation or organization)

                  3884 East No. Little Cottonwood Road
                       Salt Lake City, Utah 84092
                       --------------------------
                  (Address of Principal Executive Offices)

               Registrant's Telephone Number:  (801) 942-0555
                                               --------------

Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

(1)  Yes  X     No                 (2)  Yes  X    No

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

<PAGE>
             Applicable Only to Issuers Involved in Bankruptcy
                Proceedings During the Preceding Five Years

Not applicable.

                   Applicable Only to Corporate Issuers

Indicate the number of shares outstanding of each of the Registrant's classes
of common stock, as of the latest practicable date: September 30, 2006 -
29,123,864 shares of common stock.

Transitional small business disclosure format (check one):  Yes   No X

                      PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements.
-------------------------------

     The Financial Statements of the Company required to be filed with
this 10-QSB Quarterly Report were prepared by management, and commence on the
following page, together with Related Notes.  In the opinion of management,
the Financial Statements fairly present the financial condition of the
Company.
<PAGE>
                  SOUVALL-PAGE AND COMPANY, INC.
                  [A Development Stage Company]

             UNAUDITED CONDENSED FINANCIAL STATEMENTS

                       September 30, 2006
<PAGE>
                  SOUVALL-PAGE AND COMPANY, INC.
                  [A Development Stage Company]




                             CONTENTS
                                                                   PAGE


Unaudited Condensed Balance Sheet, September 30, 2006                2


Unaudited Condensed Statements of Operations, for the
three and nine months ended September 30, 2006 and 2005 and from
the re-entering of development stage on June 23, 1997
through September 30, 2006                                           3


Unaudited Condensed Statements of Cash Flows, for the
nine months ended September 30, 2006 and 2005 and from
the re-entering of development stage on June 23,1997
through September 30, 2006                                           4


Notes to Unaudited Condensed Financial Statements                5 - 7
<PAGE>
                  SOUVALL-PAGE AND COMPANY, INC.
                  [A Development Stage Company]

                UNAUDITED CONDENSED BALANCE SHEET


                              ASSETS

                                                            September 30,
                                                           ______________
                                                               2006
                                                           ______________
CURRENT ASSETS:
     Cash                                                 $            -
                                                          ______________
          Total Current Assets                                         -
                                                          ______________

                                                          $           -
                                                          ______________


LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


CURRENT LIABILITIES:
     Accounts payable                                     $       59,490
     Related party advances                                       29,741
                                                          ______________
               Total Current Liabilities                  $       89,231
                                                          ______________

STOCKHOLDERS' EQUITY (DEFICIT):
     Preferred stock, no par value,
          10,000,000 shares authorized
          no shares issued and outstanding                             -
     Common stock, no par value,
          50,000,000 shares authorized,
          29,123,864 shares issued and
          outstanding                                            365,261
     Additional Paid-in Capital                                    3,699
     Retained (deficit)                                         (302,161)
     Deficit accumulated during the
       development stage                                        (156,030)
                                                          ______________
          Total Stockholders' Equity (Deficit)                   (89,231)
                                                          ______________

                                                          $            -
                                                          ______________



The accompanying notes are an integral part of these unaudited condensed
financial statements.
                               F-2
<PAGE>
                  SOUVALL-PAGE AND COMPANY, INC.
                  [A Development Stage Company]

           UNAUDITED CONDENSED STATEMENTS OF OPERATIONS


                                                         From the
                  For the Three     For the Nine        Re-entering of
                  Months Ended      Months Ended     Development Stage
                  September 30,     September 30,       on June 23,
                  ____________________________________ 1997 Through
                  2006      2005    2006    2005     September 30,2006
                  ________ ________ ________ ________  _____________
REVENUE           $      - $      - $      - $      -  $           -
                  ________ ________ ________ ________  _____________
EXPENSES:
General and
administrative      20,037    7,047   63,439    7,507        156,030
                  ________ ________ ________ ________  _____________

LOSS FROM
OPERATIONS         (20,037)  (7,047) (63,439)  (7,507)      (156,030)

CURRENT TAX EXPENSE      -        -        -        -              -

DEFERRED TAX EXPENSE     -        -        -        -              -
                  ________ ________ ________ ________  _____________

NET LOSS          $(20,037)$ (7,047)$(63,439)$ (7,507) $    (156,030)
                  ________ ________ ________ ________  _____________

LOSS PER COMMON
SHARE            $    (.00)$   (.00)$   (.00)$   (.00)
                 _________ ________ ________ ________


The accompanying notes are an integral part of these unaudited condensed
financial statements.
                               F-3
<PAGE>
                  SOUVALL-PAGE AND COMPANY, INC.
                  [A Development Stage Company]

           UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS


                                                           From the
                                                        Re-entering of
                                       For the Nine      Development
                                       Months Ended    Stage on June 23,
                                       September 30,    1997 Through
                                 _______________________ September 30,
                                    2006       2005           2006
                                 ___________ ___________ _______________
Cash Flows from Operating Activities:
     Net loss                    $   (63,439)$    (7,507)$      (156,030)
     Adjustments to reconcile
      net loss to net cash used
      by operating activities:
       Stock issued for services           -           -          63,100
         Changes in assets and
         liabilities:
          Increase in accounts
          payable                     52,060       7,047          59,490
                                 ___________ ___________ _______________
   Net Cash (Used) by Operating
   Activities                        (11,379)       (460)        (33,440)
                                 ___________ ___________ _______________

Cash Flows from Investing Activities       -           -               -
                                 ___________ ___________ _______________
   Net Cash (Used) by Investing
   Activities                              -           -               -
                                 ___________ ___________ _______________

Cash Flows from Financing Activities:
   Capital contributions                   -           -           3,699
   Related party advances             11,379         460          29,741
                                 ___________ ___________ _______________
   Net Cash Provided by Financing
   Activities                         11,379         460          33,440
                                 ___________ ___________ _______________

Net Increase (Decrease) in Cash            -           -               -

Cash at Beginning of the Year              -           -               -
                                 ___________ ___________ _______________

Cash at End of the Year          $         - $         - $             -
                                 ___________ ___________ _______________

Supplemental Disclosures of Cash Flow Information:
   Cash paid during the period for:
     Interest                    $        - $         - $             -
     Income taxes                $        - $         - $             -

Supplemental Schedule of Non-cash Investing and Financing Activities:
      For the nine months ended September 30, 2006:
      None

      For the nine months ended September 30, 2005:
      None

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

                               F-4
<PAGE>
                  SOUVALL-PAGE AND COMPANY, INC.
                  [A Development Stage Company]

        NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization - Souvall-Page and Company, Inc. ("the Company") was organized
under the laws of the State of Utah on April 28, 1981 as Black Gold Resources,
Inc.  The Company went through a reorganization and change in control in 1987
and changed its name to Souvall-Page and Company, Inc.  The Company was
engaged in various projects.  The Company had entered into several business
acquisitions with subsidiaries and held various limited partnership interests.
The operations of the Company were not successful and the Company discontinued
the majority of its operations by 1988.  In 1990, the Company had its
corporate charters canceled by the State of Utah.  In 1997 and 1998, the
Company issued common stock which resulted in a change in control.  The
Company is considered to have re-entered into a new development stage on June
23, 1997.  In 1998, the Company was also reinstated with the State of Utah.
The Company presently has no on-going operations but is pursuing suitable
business opportunities or acquisitions.  Any acquisition transaction with an
operating company will likely be structured similar to a reverse acquisition
in which a controlling interest in the Company will be acquired by the
successor operation.  In such a transaction, the shareholders of the Company
will likely own a minority interest in the combined company after the
acquisition, and present management of the Company will likely resign and be
replaced by the principals of the operating company.

Condensed Financial Statements - The accompanying financial statements have
been prepared by the Company without audit.  In the opinion of management, all
adjustments (which include only normal recurring adjustments) necessary to
present fairly the financial position, results of operations and cash flows at
September 30, 2006 and 2005 and for the periods then ended have been made.

Certain information and footnote disclosures normally included in financial
statements prepared in accordance with accounting principles generally
accepted in the United States of America have been condensed or omitted.  It
is suggested that these condensed financial statements be read in conjunction
with the financial statements and notes thereto included in the Company's
December 31, 2005 audited financial statements.  The results of operations for
the periods ended September 30, 2006 and 2005 are not necessarily indicative
of the operating results for the full year.

Common Stock Split - The financial statements have been restated for all
periods presented to reflect a 11 for 1 stock split effected on October 10,
2006 and to reflect a 4 for 1 stock split effected on June 5, 2006.
                               F-5

<PAGE>
                  SOUVALL-PAGE AND COMPANY, INC.
                  [A Development Stage Company]

        NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 3 - RELATED PARTY TRANSACTIONS

Advances - An officer/shareholder of the Company has paid expenses totaling
$29,741 on behalf of the Company.  The advances are due on demand and bear no
interest.

NOTE 4 - GOING CONCERN

The accompanying financial statements have been prepared in conformity with
accounting principles generally accepted in the United States of America,
which contemplate continuation of the Company as a going concern.  However,
the Company has no on-going operations and has current liabilities in excess
of current assets.  These factors raise substantial doubt about the ability of
the Company to continue as a going concern.  In this regard, management is
proposing to raise any necessary additional funds not provided by operations
through loans or through sales of its common stock or through a possible
business combination with another company.  There is no assurance that the
Company will be successful in raising this additional capital or in
establishing profitable operations.  The financial statements do not include
any adjustments that might result from the outcome of these uncertainties.

NOTE 5 - LOSS PER SHARE

The following data shows the amounts used in computing loss per share:

                                      For the Three           For the Nine
                                      Months Ended            Months Ended
                                      September 30,           September 30,
                                ______________________ _______________________
                                   2006        2005         2006       2005
                                ___________ __________ ___________ ___________
     Loss available to common
     shareholders (numerator)  $   (20,037)$   (7,047)$   (63,439)$   (7,507)
                               ____________ _________  ___________ ___________
     Weighted average number of
     common shares outstanding
     used in loss per share during
     the period (denominator)  29,123,864  29,123,864  29,123,864  29,123,864
                               __________  __________  __________  __________



Dilutive loss per share was not presented; as the Company had no common
equivalent shares for all periods presented that would effect the computation
of diluted loss per share.


                               F-6
<PAGE>
                  SOUVALL-PAGE AND COMPANY, INC.
                  [A Development Stage Company]

        NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 6 - SUBSEQUENT EVENT

     The Company has entered into a non-binding Term Sheet with American
Basketball Association Inc., an Indiana Corporation, that is engaged in
operating a professional basketball league in the United States, Canada and
Mexico.  If the transaction is concluded, the Company expects that it will
acquire the ABA in a reverse merger transaction that is intended to be
completed before year end, and anticipates that the current shareholders
of the Company will then only own approximately 11.5% of the Company and the
shareholders of ABA will own a majority controlling interest in the Company.
Final consummation of the transaction is not guaranteed.

                               F-7
<PAGE>
Item 2.   Management's Discussion and Analysis or Plan of Operation.
--------------------------------------------------------------------

Results of Operations.
----------------------

     Our Company has generated no profit since inception.  We had a
net loss of ($20,037) for the quarter ended September 30, 2006, and ($7,047)
for the quarter ended September 30, 2005.  Cumulative losses total ($156,030)
since re-entering the development stage.  We had a net loss of ($63,439) for
the nine months ended September 30, 2006, and ($7,507) for the nine months
ended September 30, 2005.  Primarily all of these losses are the result of
attorney's fees and accounting fees.

     Liquidity and Capital Resources.
     --------------------------------

     During the nine months ended September 30, 2006, advances were loaned by
a principal stockholder in the amount of $11,379; and during the nine months
ended September 30, 2005, advances by a principal stockholder totaled $460.
The aggregate amount of such advances of $29,741 outstanding as of September
30, 2006, is unsecured, non-interest bearing and is due on demand.

     Also, certain of our officers and directors or entities controlled by
them, paid expenses on our behalf in the amount of $3,699 during 1998 which
was accounted for as capital contributions.

     Forward-Looking Statements.
     ---------------------------

     The Private Securities Litigation Reform Act of 1995 (the "Act") provides
a safe harbor for forward-looking statements made by or on behalf of our
Company.  Our Company and its representatives may from time to time make
written or oral statements that are "forward-looking," including statements
contained in this Quarterly Report and other filings with the Securities and
Exchange Commission and in reports to our Company's stockholders. Management
believes that all statements that express expectations and projections with
respect to future matters, as well as from developments beyond our Company's
control, including changes in global economic conditions, are forward-looking
statements within the meaning of the Act. These statements are made on the
basis of management's views and assumptions, as of the time the statements are
made, regarding future events and business performance. There can be no
assurance, however, that management's expectations will necessarily come to
pass.  Factors that may affect forward-looking statements include a wide
range of factors that could materially affect future developments and
performance, including the following:

     Changes in Company-wide strategies, which may result in changes in the
types or mix of businesses in which our Company is involved or chooses to
invest; changes in U.S., global or regional economic conditions, changes in
U.S. and global financial and equity markets, including significant interest
rate fluctuations, which may impede our Company's access to, or increase the
cost of, external financing for our operations and investments; increased
competitive pressures, both domestically and internationally, legal and
regulatory developments, such as regulatory actions affecting environmental
activities, the imposition by foreign countries of trade restrictions and
changes in international tax laws or currency controls; and adverse weather
conditions or natural disasters, such as hurricanes and earthquakes, labor
disputes, which may lead to increased costs or disruption of operations.

    This list of factors that may affect future performance and the accuracy
of forward-looking statements is illustrative, but by no means exhaustive.
Accordingly, all forward-looking statements should be evaluated with the
understanding of their inherent uncertainty.

Item 3. Controls and Procedures.
--------------------------------

     As of the end of the period covered by this Quarterly Report, we carried
out an evaluation, under the supervision and with the participation of our
President and Secretary, of the effectiveness of the design and operation of
our disclosure controls and procedures. Based on this evaluation, our
President and Secretary concluded that information required to be disclosed is
recorded, processed, summarized and reported within the specified periods and
is accumulated and communicated to management, including our President and
Secretary, to allow for timely decisions regarding required disclosure of
material information required to be included in our periodic Securities and
Exchange Commission reports. Our disclosure controls and procedures are
designed to provide reasonable assurance of achieving their objectives and our
President and Secretary have concluded that our disclosure controls and
procedures are effective to a reasonable assurance level of achieving such
objectives. However, it should be noted that the design of any system of
controls is based in part upon certain assumptions about the likelihood of
future events, and there can be no assurance that any design will succeed in
achieving its stated goals under all potential future conditions, regardless
of how remote. In addition, we reviewed our internal controls over financial
reporting, and there have been no changes in our internal controls or in other
factors in the last fiscal quarter that has materially affected our internal
controls over financial reporting.

                        PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.
----------------------------

     None; not applicable.

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

     None; not applicable.

Item 3.   Defaults Upon Senior Securities.
------------------------------------------

     None; not applicable.

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

     None; not applicable.

Item 5.   Other Information.
----------------------------

     We filed an 8-K Current Report dated July 6, 2006, and filed with the
Securities and Exchange Commission on July 12, 2006, regarding our Amended
and Restated Articles of Incorporation.  See Item 6.

     We also filed an 8-K Current Report dated October 2, 2006, and filed with
the Securities and Exchange Commission on October 5, 2006, regarding a
dividend on the basis of 11 shares for each one share owned by the Company's
stockholders with a mandatory exchange of stock certificates being required to
obtain the dividend, meaning that the dividend is essentially an 11 for one
forward split.  See Item 6.

     On November 2, 2006, we filed two 8-K Current Reports, one dated October
31, 2006, regarding the appointment to our Board of Directors of Kristine M.
Rogers, Esq. and one dated November 2, 2006, regarding a non-binding Term
Sheet with American Basketball Association, Inc., an Indiana corporation, that
is engaged in operating a professional basketball league in the United States,
Canada and Mexico.

Item 6.   Exhibits.
-------------------

          Exhibits.

               31.1   302 Certification of David C. Merrell

               31.2   302 Certification of Todd D. Ross

               32     906 Certification.

          *  8-K Current Report dated July 6, 2006, and filed
with the Securities and Exchange Commission on July 12, 2006.

          *  8-K Current Report dated October 2, 2006, and filed
with the Securities and Exchange Commission on October 5, 2006.

          *  8-K Current Report dated October 31, 2006, and filed
with the Securities and Exchange Commission on November 2, 2006.

          *  8-K Current Report dated November 2, 2006, and filed
with the Securities and Exchange Commission on November 2, 2006.

               * Incorporated herein by reference.

                               SIGNATURES

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

                                          SOUVALL-PAGE AND COMPANY, INC.

Date: 11/7/06                             /s/David C. Merrell
                                          ------------------------------------
                                          David C. Merrell, President and
                                          director


Date: 11/7/06                             /s/Todd D. Ross
                                          ------------------------------------
                                          Todd D. Ross, Secretary/Treasurer
                                          and director
<PAGE>