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 March 31, 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)

                         9005 Cobble Canyon Lane
                            Sandy, Utah 84093
                            -----------------
                  (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: March 31, 2006 - 661,906
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


                          MARCH 31, 2006
<PAGE>
                  SOUVALL-PAGE AND COMPANY, INC.
                  [A Development Stage Company]




                             CONTENTS

                                                                     PAGE


        Unaudited Condensed Balance Sheets, March 31, 2006            F-2


        Unaudited Condensed Statements of Operations,
             for the three months ended March 31, 2006,
             and 2005, and from the re-entering of development
             stage on June 23,1997, through March 31, 2006.           F-3


        Unaudited Condensed Statements of Cash Flows,
             for the three months ended March 31, 2006, and
             2005, and from the re-entering of development
             stage on June 23,1997, through March 31, 2006.            F-4


        Notes to Unaudited Condensed Financial Statements.       F-5 - F-7

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

                UNAUDITED CONDENSED BALANCE SHEETS


                              ASSETS

                                                                  March 31,
                                                                    2006
                                                                 ___________
CURRENT ASSETS:
  Cash                                                           $         -
                                                                 ___________
        Total Current Assets                                               -
                                                                 ___________
                                                                 $         -
                                                                 ___________

          LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


CURRENT LIABILITIES:
  Accounts payable                                               $    27,030
  Advance from related party                                          18,978
                                                                 ___________
        Total Current Liabilities                                     46,008
                                                                 ___________

STOCKHOLDERS' EQUITY (DEFICIT):
  Class A Common stock, no par value,
   50,000,000 shares authorized,
   661,906 shares issued and
   outstanding                                                       365,261
  Additional Paid-in Capital                                           3,699
  Retained (deficit)                                                (302,161)
  Deficit accumulated during the
    development stage                                               (112,807)
                                                                 ___________
        Total Stockholders' Equity (Deficit)                         (46,008)
                                                                 ___________
                                                                 $         -
                                                                 ___________




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


                               F-2
<PAGE>
                  SOUVALL-PAGE AND COMPANY, INC.
                  [A Development Stage Company]

           UNAUDITED CONDENSED STATEMENTS OF OPERATIONS

                                                                From the
                                               For the Three Re-entering of
                                               Months Ended  Development Stage
                                                 March 31,    on June 23,
                                             _________________ 1997 Through
                                               2006      2005   March 31, 2006
                                             ________ ________ _____________
REVENUE                                      $      - $      - $          -
                                             ________ ________ _____________
EXPENSES:
  General and administrative                   20,216       50      112,807
                                             ________ ________ ____________
LOSS FROM OPERATIONS                          (20,216)     (50)    (112,807)

CURRENT TAX EXPENSE                                 -        -            -

DEFERRED TAX EXPENSE                                -        -            -
                                             ________ ________ _____________
NET LOSS                                     $(20,216)$    (50)$   (112,807)
                                             ________ ________ ____________

LOSS PER COMMON SHARE                        $   (.03)$   (.00)
                                             ________ ________

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

           UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS


                                                                From the
                                               For the Three Re-entering of
                                               Months Ended  Development Stage
                                                 March 31,    on June 23,
                                             _________________ 1997 Through
                                               2006      2005   March 31, 2006
                                             ________ ________ _____________
Cash Flows from Operating Activities:
 Net loss                                   $(20,216) $    (50)$    (112,807)
 Adjustments to reconcile net loss to
 net cash used by operating activities:
  Stock issued for services rendered               -         -        63,100
  Changes in assets and liabilities:
   Increase in accounts payable               19,600        50        27,030
                                            --------  -------- -------------
     Net Cash (Used) by Operating
     Activities                                 (616)        -       (22,677)
                                            ________ _________ _____________

Cash Flows from Investing Activities               -         -             -
                                            ________ _________ _____________
     Net Cash (Used) by Investing Activities       -         -             -
                                            ________ _________ _____________

Cash Flows from Financing Activities:
 Capital contributions                             -         -         3,699
 Advances from related party                     616         -        18,978
                                            -------- --------- -------------
     Net Cash Provided by Financing
     Activities                                  616         -        22,677
                                            ________ _________ _____________

Net Increase (Decrease) in Cash                    -         -             -

Cash at Beginning of period                        -         -             -
                                            ________ _________ _____________

Cash at End of period                       $      - $       - $           -
                                            -------- --------- -------------

Supplemental Disclosures of Cash Flow information:

  Cash paid during the period for:
  Interest                                  $      - $       - $           -
  Income taxes                              $      - $       - $           -

Supplemental Schedule of Non-cash Investing and Financing Activities:

  From the re-entering of development stage on June 23, 1997 through March 31,
  2006:
     In September 1998, the Company issued 600,000 shares of common stock for
     services rendered valued at $60,000.

     In August 1997, the Company issued 31,000 shares of common stock for
     services rendered in the amount of $3,100.

The accompanying notes are an integral part of these 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 March 31, 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 generally accepted
     accounting principles 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
     March 31, 2006 and 2005 are not necessarily indicative of the operating
     results for the full year.

     Development Stage - The Company is considered a development stage
     company as defined in Statement of Financial Accounting Standards No. 7.

     Cash and Cash Equivalents - The Company considers all highly liquid debt
     investments purchased with a maturity of three months or less to be cash
     equivalents.

     Loss Per Share - The computation of loss per share is based on the
     weighted average number of shares outstanding during the period
     presented in accordance with SFAS No. 128 [See Note 5].

     Accounting Estimates - The preparation of financial statements in
     conformity with generally accepted accounting principles in the United
     States of America requires management to make estimates and assumptions
     that effect the reported amounts of assets and liabilities, the
     disclosures of contingent assets and liabilities at the date of the
     financial statements, and the reported amounts of revenues and expenses
     during the reporting period.  Actual results could differ from those
     estimated by management.

                               F-5
<PAGE>
                  SOUVALL-PAGE AND COMPANY, INC.
                  [A Development Stage Company]

        NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Continued]

     Recently Enacted Accounting Standards - Statement of Financial
     Accounting Standards ("SFAS") No. 151, "Inventory Costs - an amendment
     of ARB No. 43, Chapter 4", SFAS No. 152, "Accounting for Real Estate
     Time-Sharing Transactions - an amendment of FASB Statements No. 66 and
     67", SFAS No. 153, "Exchanges of Nonmonetary Assets - an amendment of
     APB Opinion No. 29", SFAS No. 123 (revised 2004), "Share-Based Payment",
     SFAS No. 154, "Accounting Changes and Error Corrections - a replacement
     of APB Opinion No. 20 and FASB Statement No. 3", SFAS No. 155,
     "Accounting for Certain Hybrid Financial Instruments   an amendment of
     FASB Statements No. 133 and 140", and SFAS No. 156, "Accounting for the
     Servicing of Financial Assets," were recently issued.  SFAS No. 151,
     152, 153, 123 (revised 2004), 154, 155 and 156 have no current
     applicability to the Company or their effect on the financial statements
     would not have been significant.

     Restatement - In September 1998, the Company effected a 1,000-for-1
     reverse stock split.  The financial statements have been restated, for
     all periods presented, to reflect the stock split [See Note 2].

     Reclassification - The financial statements for periods prior to March
     31, 2006 have been reclassified to conform to the headings and
     classifications used in the March 31, 2006 financial statements.

NOTE 2 - CAPITAL STOCK

     Common Stock - The Company has authorized 50,000,000 shares of Class A
     common stock with no par value.

     In August 1997, the Company issued 31,000 shares of its previously
     authorized but unissued common stock for consulting services of $3,100.
     The stock issuance resulted in a change of control of the Company.  The
     former officers and directors resigned and new officers and directors
     were appointed.

     In September 1998, the Company effected a 1,000-for-1 reverse stock
     split.  No shareholder was to be reduced to less than 100 shares;
     therefore, an additional 15,311 shares were issued in conjunction with
     the reverse split.  The financial statements have been restated, for all
     periods presented, to reflect this stock split.

     In September 1998, the Company issued 600,000 shares of its previously
     authorized, but unissued common stock for services valued at $60,000.

                               F-6
<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 $18,978 on behalf of the Company.  The advances are due on
     demand and bear no interest.

     Capital Contributions - Certain officers and directors of the Company,
     or entities controlled by them, paid expenses on behalf of the Company
     in the amount of $3,699 during 1998.  These have been accounted for as
     contributions to capital.

     Management Compensation - During the three months ended March 31, 2006,
     and 2005, the Company did not pay any compensation to its officers and
     directors.

     Office Space - The Company has not had a need to rent office space.  An
     officer/shareholder of the Company is allowing the Company to use his
     home as a mailing address, as needed, at no expense to the Company.

NOTE 4 - GOING CONCERN

     The accompanying financial statements have been prepared in conformity
     with generally accepted accounting principles 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
                                               Months Ended

                                                 March 31,
                                             _____________________
                                              2006     2005
                                                       ______________________

     Loss available to common shareholders
     (numerator)                                        $            (20,216)
  $          (50)
                                                       ______________________

     Weighted average number of common
     shares outstanding used in loss per share
     during the period (denominator)                       661,906
661,906
                                                       ______________________


  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-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 ($20,216) for the quarter ended March 31, 2006, and ($50) for the
quarter ended March 31, 2005.  Cumulative losses total ($112,807) since
re-entering the development stage.  Primarily all of these losses are the
result of attorney's fees and accounting fees.

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

     During the three months ended March 31, 2006, advances were loaned by
a principal stockholder in the amount of $616; and during the three months
ended March 31, 2005, advances by a principal stockholder totaled $0.
The aggregate amount of such advances of $18,978 outstanding as of March 31,
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 Treasurer, of the effectiveness of our disclosure controls
and procedures.  Based on this evaluation, our President and Treasurer
concluded that our disclosure controls and procedures are effectively designed
to ensure that information required to be disclosed or filed by us is
recorded, processed or summarized, within the time periods specified in the
rules and regulations of the Securities and Exchange Commission.  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 or is reasonably likely to materially
affect our internal control 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.
----------------------------

          None; not applicable.

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

          Exhibits.

               31.1   302 Certification of David C. Merrell

               31.2   302 Certification of Todd D. Ross

               32     906 Certification.

                               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: 5/10/06                             /s/David C. Merrell
                                          ------------------------------------
                                          David C. Merrell, President and
                                          director


Date: 5/10/06                             /s/Todd D. Ross
                                          ------------------------------------
                                          Todd D. Ross, Secretary/Treasurer
                                          and director
<PAGE>