| OMB                                                  |                APPROVAL        |
|------------------------------------------------------|-------------------------------------|
|  OMB              Number:                       | 3235-0416                           |
|  Expires:                                       |  March                31, 2007 |
|  Estimated              average                 |                                |
|  burden              hours per response........ | 182                                 |

**UNITED      STATES **

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-QSB **

**SEC      File No.0-29951**

| For                the quarterly period ended  | 30                September 2005 |
|-----------------------------------------------------|----------------------------------|

| For                the transition period from | to     |
|-----------------------------------------------|--------|
| Commission                file number         |   |

| Morgan                Equities Group, Inc.                                   |
|------------------------------------------------------------------------------|
| (Name                of Small Business Issuer in Its                Charter) |

| TENNESSEE                                                                     | 58-1727874                                          |
|-------------------------------------------------------------------------------|-----------------------------------------------------|
| (State                or Other Jurisdiction of Incorporation or Organization) | (I.R.S.                Employer Identification No.) |

| 409                Mulberry Ave., Fayetteville, TN      | 37334                     |
|---------------------------------------------------------|---------------------------|
| (Address                of principal executive offices) | (zip                code) |

| (                931) 339-0008                   |
|--------------------------------------------------|
| (Issuer’s                telephone number) |

| Pedianet.com,                Inc                         830-13 A1A                North, No. 165, Ponte Vedra Beach,                FL                         32082 |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (Former                name, former address and former fiscal year, if changed since last                report)                                                                                                                                                |

**APPLICABLE      ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE      YEARS**

**N/A**

**APPLICABLE      ONLY TO CORPORATE ISSUERS**

----

**PART      I - FINANCIAL INFORMATION**

**Item      1. Financial Statements. (Unaudited)**

**(Explanatory      Note: **

|  **Assets**                                                                                                                   |  **For                Period Ended                9/30/2005** |
|------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------|
|                                                                                                                               |                                                               |
|  Current Assets:                                                                                                              |                                                               |
|  Cash                                                                                                                         |  -0-                                                          |
|  Total                Current Assets                                                                                          |  -0-                                                          |
|  Goodwill                (from 10-QSB, 5/21/01)                                                                               |  $573,365                                                     |
|  Total              Assets                                                                                                    |  $573,365                                                     |
|                                                                                                                               |                                                               |
|  **Liabilities                and Shareholder's                Equity**                                                       |                                                               |
|                                                                                                                               |                                                               |
|  Current Liabilities:                                                                                                         |                                                               |
|  Note                payable1                                                                                            |  $5,125                                                       |
|  Accrued                Interest                                                                                              |  $820                                                         |
|  Total              Current Liabilities                                                                                       |  $5,945                                                       |
|                                                                                                                               |                                                               |
|  Long              Term Liabilities                                                                                           |  $121,625                                                     |
|                                                                                                                               |                                                               |
|  Total Liabilities                                                                                                            |  $133,515                                                     |
|  Commitments and              Contingencies:                                                                                  |                                                               |
|  Shareholder's Equity              (Deficiency)                                                                               |                                                               |
|  Preferred                stock, par value $0.10, 10,000,000                shares authorized, outstanding                558 |  $56                                                          |
|  Common                stock, par value $0.001 outstanding                39,437,660                                          |  $39,438                                                      |
|  Additional Paid In Capital                                                                                                   |  -0-                                                          |
|  Deficit                                                                                                                      |                                                               |
|  Total              Shareholder's Equity (Deficit)                                                                            |  $400,356                                                     |
|  Total              Liabilities and Shareholder's Equity                                                                      |  $573,365                                                     |

----

**MORGAN        EQUITIES GROUP, INC.**

**INDEX**

**PART      I - FINANCIAL INFORMATION**

| ** Item                No.** | ** Description**                                                                        | ** Page** |
|-----------------------------------|----------------------------------------------------------------------------------------------|----------------|
|                              |                                                                                         |           |
|  1                           |  Financial Statements                                                                   |  2        |
|                              |                                                                                         |           |
|  2                           |  Management's Discussion and Analysis or Plan              of              Operation    |  4        |
|                              |                                                                                         |           |
|  3                           |  Controls and Procedures                                                                |  4        |
|                              |                                                                                         |           |
|                              |  PART II - OTHER INFORMATION                                                            |           |
|                              |                                                                                         |           |
|  1                           |  Legal Proceedings                                                                      |  4        |
|                              |                                                                                         |           |
|  2                           |  Unregistered Sales of Equity Securities and              Use Of              Protocols |  4        |
|                              |                                                                                         |           |
|  3                           |  Defaults Upon Senior Securities                                                        |  5        |
|                              |                                                                                         |           |
|  4                           |  Submission of Matters to a Vote of Security              Holders                       |  5        |
|                              |                                                                                         |           |
|  5                           |  Other Information                                                                      |  5        |
|                              |                                                                                         |           |
|  6                           |  Exhibits and Reports on Form 8-K                                                       |  5        |
|                              |                                                                                         |           |
|                              |  Signatures                                                                             |           |

----

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

**Plan      of Operation**

**Off-balance      Sheet Arrangements**

**Forward      Looking Statements**

**Item      3. Controls and Procedures.**

**PART      II - OTHER INFORMATION**

**Item      1. Legal Proceedings.**

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

----

**Item      3. Defaults Upon Senior Securities**

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

**Item      5. Other Information**

**SHARES      ISSUED DURING THE PERIOD**

**      DIRECTORS AND EXECUTIVE OFFICERS**

**CHANGE      OF COMPANY NAME**

**Item      6. Exhibits and Reports on Form 8-K.**

**N/A**

|                               |  SIGNATURE                                |
|------------------------------------|------------------------------------------------|
|                               |                                           |
|                               |  Morgan              Equities Group, Inc. |
|                               |  (Registrant)                             |
|                               |                                           |
|  Date:  October 14, 2005 |                                           |
|                               |                                           |
|                               |  S/C              Kevin              Neal |
|                               |  Kevin Neal, President/ CEO               |

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