<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

              [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                 For the Quarterly Period Ended: March 31, 2005


             [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
            For transition period from __________ to _______________


                         Commission File Number: 0-25548

                         TECHNOLOGY VISIONS GROUP, INC.,
                         -------------------------------
                 (Name of small business issuer in its charter)


          Delaware                                      84-100269
--------------------------------            ------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization)


                      910 West San Marcos Blvd., Suite 102
                          San Marcos, California 92078
                    (Address of principal executive offices)

        Registrant's telephone number, including area code: 760/752-8654

        Securities registered pursuant to Section 12(b) of the Act: None

           Securities registered pursuant to Section 12(g) of the Act:
                          Common Stock, $.001 par value
                                (Title of class)


         Check whether the issuer (1) has filed all reports required to be filed
by Section 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 the filing requirements for
at least the past 90 days.
                                 Yes [X] No [ ]

      At May 17, 2005, 99,999,999 shares of common stock were outstanding.

         Transitional Small Business Disclosure Format: Yes [ ] No [X]




<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                              INDEX TO FORM 10-QSB
                                 MARCH 31, 2005


                                                                            Page
                                                                            ----
PART I

Item 1.   Financial Statements

          Balance Sheet - March 31, 2005 (unaudited).........................  1

          Statements of Operations (unaudited) - Three Months Ended
             March 31, 2005 and 2004 and for the Period of Inception,
             January 1, 1995 through March 31, 2005.........................   2

          Statements of Cash Flows (unaudited) - Three Months Ended
             March 31, 2005 and 2004 and for the Period of Inception,
             January 1, 1995 through March 31, 2005.........................   3

          Notes to Financial Statements (unaudited).........................   5

Item 2.   Management's Discussion and Analysis of Financial Condition
             and Results of Operations......................................  14

Item 3.   Controls and Procedures...........................................  19


PART II

Item 1.   Legal Proceedings.................................................  20

Item 2.   Changes In Securities.............................................  20

Item 3.   Defaults Upon Senior Securities...................................  20

Item 4.   Submission of Matters to a Vote of Security Holders...............  20

Item 5.   Other Information.................................................  20

Item 6.   Exhibits and Reports on Form 8-K..................................  20

          Signatures........................................................  21




<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                         (A DEVELOPMENT-STAGE COMPANY)
                                 BALANCE SHEET
                                  (UNAUDITED)
                              AS OF MARCH 31,2005


                                     ASSETS

Cash                                                               $     16,185
                                                                   ------------
      Total current assets                                               16,185

Property and equipment, net of accumulated depreciation
      of $57,641                                                         11,122
Other assets                                                              1,067
                                                                   ------------
      Total assets                                                 $     28,374
                                                                   ============

                     LIABILITIES AND STOCKHOLDERS' DEFICIT

Accounts payable                                                   $    272,300
Accrued expenses                                                         40,062
Notes payable to related parties                                        606,689
Accrued interest to related parties                                     407,669
Accrued officers and directors compensation                             713,699
                                                                   ------------
      Total current liabilities                                       2,040,419

Commitments & contingencies                                                  --

Stockholders' deficit:
Preferred stock, $.001 par value; 2,000,000 shares authorized;
      none issued and outstanding                                            --
Common stock, $.001 par value; 100,000,000 share authorized;
      99,999,999 issued and outstanding                                 100,000
Additional paid-in-capital                                           17,014,732
Accumulated deficit                                                 (18,994,884)
Stock offering costs                                                   (131,893)
                                                                   ------------
      Total stockholders' deficit                                    (2,012,045)
                                                                   ------------
      Total liabilities and stockholders' deficit                  $     28,374
                                                                   ============


             See accompanying notes to these financial statements.

                                       1


<PAGE>
<TABLE>

                                  TECHNOLOGY VISIONS GROUP, INC.
                                  (A DEVELOPMENT-STAGE COMPANY)
                                     STATEMENTS OF OPERATIONS
                                           (UNAUDITED)
<CAPTION>

                                                                                   For the period
                                                                                    of Inception,
                                                                                   from January 1,
                                                For the Three Month Periods Ended   1995 through
                                                           March 31,                  March 31,
                                                   2005               2004              2005
                                                ------------      ------------      ------------
<S>                                             <C>               <C>               <C>
Revenues                                        $         --      $         --      $         --

Costs and expenses:
      Research and development                            --                --           685,507
      General and administrative expenses            156,818           122,938         7,858,852
      Compensatory element of stock options            5,660             5,290         2,291,166
      Loss from litigation settlement, net                --                --           476,350
      Impairment of patent                            55,477
      Impairment of property and equipment                --                --           223,064
                                                ------------      ------------      ------------
Operating loss                                      (162,478)         (128,228)      (11,590,416)

Other income and (expenses):
      Interest income                                     95                10             1,316
      Gain from reduction in debt                     13,196                --         1,369,384
      Interest expense                               (16,271)          (29,812)       (1,993,594)
      Other income                                        --                --           718,419
      Financing costs                                     --                --          (383,600)
      Debt conversion expense                             --                --          (155,343)
                                                ------------      ------------      ------------
Net loss                                        $   (165,458)     $   (158,030)     $(12,033,834)
                                                ============      ============      ============


Basic and dilutive net loss per share           $      (0.00)     $      (0.00)
                                                ============      ============

Weighted average number
      of shares outstanding                       99,999,999        65,032,862
                                                ============      ============



                      See accompanying notes to these financial statements.

                                                2


<PAGE>


                                         TECHNOLOGY VISIONS GROUP, INC.
                                         (A DEVELOPMENT-STAGE COMPANY)
                                      STATEMENTS OF CASH FLOWS (UNAUDITED)

                                                                                                 For the period
                                                                                                  of Inception,
                                                                                                 from January 1,
                                                                   For the Three Months           1995 through
                                                                      Ended March 31,              March 31,
                                                                  2005              2004              2005
                                                              ------------      ------------      ------------
Cash flows from operating activities:
      Net loss                                                $   (165,458)     $   (158,030)     $(12,033,834)
      Adjustments to reconcile net loss to net cash
          Used in operating activities:
      Depreciation and amortization                                    924               785           160,551
      Amortization of deferred finance costs                            --                --           851,350
      Gain from reduction of debt                                  (13,196)               --        (1,369,384)
      Common stock issued for services rendered                         --                --           332,120
      Common stock issued for licensing agreement                       --                --            30,000
      Compensatory element of common stock and options               5,660             5,290         2,291,166
      Impairment of patent                                              --                --            55,477
      Impairment of fixed assets                                        --                --           223,064
      Write-off shareholder loans                                       --                --          (200,466)
      Loss on litigation settlement                                     --                --           476,350
      Loss on disposal of fixed assets                                  --                --             4,377
      Notes issued in settlement of consulting fees                     --                --           274,250
      Debt conversion expense                                           --                --           155,343
      Changes in operating assets and liabilities:
          Decrease (increase) in accounts receivable                    --                --                --
          Decrease (increase) in prepaid expenses                   31,638                --            24,471
          (Increase) in deposits                                        --                --               321
          Increase (decrease) in accounts payable and
              accrued expenses                                      66,529            88,620         4,779,220
          (Decrease) in due to shareholders                             --                --           (16,234)
                                                              ------------      ------------      ------------
      Net cash used in operating activities                        (73,903)          (63,335)       (3,961,858)
CASH FLOWS FROM INVESTING ACTIVITIES:
      Purchases of fixed assets                                     (8,248)             (644)         (259,283)
      Costs of licenses and patents                                     --                --           (54,550)
                                                              ------------      ------------      ------------
      Net cash used in investing activities                         (8,248)             (644)         (313,833)
CASH FLOWS FROM FINANCING ACTIVITIES:
      Proceeds from sale of common stock                                --            30,000           861,743
      Proceeds from issuance of convertible debenture                   --                --           375,000
      Proceeds from stock purchase agreement                            --            80,000           110,000
      Payments on debenture notes                                       --                --          (110,000)
      Notes payable, net                                                --            (5,000)        3,207,259
      Deferred finance charges                                          --                --          (175,350)
      Proceeds from exercise of stock options                           --                --             3,000
      Repayment of notes receivable from stockholders                   --                --             6,360
                                                              ------------      ------------      ------------
      Net cash provided by (used in) financing activities               --           105,000         4,278,012
NET INCREASE (DECREASE) IN CASH                                    (82,151)           41,021             2,321
CASH AT BEGINNING OF PERIOD                                         98,336             2,589            13,864
                                                              ------------      ------------      ------------
CASH AT END OF PERIOD                                         $     16,185      $     43,610      $     16,185
                                                              ============      ============      ============



                             See accompanying notes to these financial statements.

                                                       3

<PAGE>


                                       TECHNOLOGY VISIONS GROUP, INC.
                                       (A DEVELOPMENT-STAGE COMPANY)
                                    STATEMENTS OF CASH FLOWS - Continued
                                                (UNAUDITED)

                                                                                                 Inception,
                                                                                              from January 1,
                                                               For the Three Month Periods     1995 through
                                                                     Ended March 31,             March 31,
                                                                 2005              2004            2005
                                                              ------------     ------------     ----------
SUPPLEMENTAL DISCLOSURES:
Cash paid during the period for:
       Interest                                               $        232     $        163     $  120,564
                                                              ============     ============     ==========
       Taxes                                                  $        800     $         --     $    8,276
                                                              ============     ============     ==========

Non-cash Financing Activities:
      Value of shares issued in connection
          with compensatory obligations                       $         --     $         --     $2,537,522
                                                              ============     ============     ==========
      Value of stock issued for
          conversion of notes payable                         $         --     $         --     $2,115,903
                                                              ============     ============     ==========
      Accrued interest converted to common stock              $         --     $         --     $   53,473
                                                              ============     ============     ==========
      Value of shares paid to satisfy accounts payable        $         --     $         --     $  115,730
                                                              ============     ============     ==========
      Assets acquired through a capital lease                 $         --     $         --     $    7,126
                                                              ============     ============     ==========
      Value of shares issued for consulting services          $         --     $         --     $  685,410
                                                              ============     ============     ==========
      Value assigned to stock options issued for services     $      5,660     $      5,290     $  104,356
                                                              ============     ============     ==========
      Value of stock issued for licensing agreement           $         --     $         --     $   30,000
                                                              ============     ============     ==========
      Value of shares issued for settlement
          of convertible promissory  notes                    $         --     $         --     $  534,235
                                                              ============     ============     ==========
      Value of shares issued for settlement of litigation     $         --     $         --     $   51,250
                                                              ============     ============     ==========
      Value of stock issued in exchange for                   $         --     $         --     $   17,294
                                                              ============     ============     ==========
          note receivable
      Value of shares issued to satisfy accrued expenses      $         --     $         --     $   53,500
                                                              ============     ============     ==========
      Value of shares issued as additional
          consideration for loan                              $         --     $         --     $   42,750
                                                              ============     ============     ==========
      Reduction of notes payable and accrued
          interest due to litigation                          $         --     $         --     $   60,000
                                                              ============     ============     ==========
      Satisfaction of notes receivable in
          exchange for services                               $         --     $         --     $    8,334
                                                              ============     ============     ==========
      Value of stock issued for stock offering costs          $         --     $         --     $  151,022
                                                              ============     ============     ==========


                             See accompanying notes to these financial statements.

                                                       4
</TABLE>

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)


NOTE 1 - BUSINESS AND CONTINUED OPERATIONS

Technology Visions Group, Inc. (the "Company") was incorporated in the State of
Delaware on April 29, 1985. In March 1995, the management resigned and new
management commenced a new direction of the Company. For financial reporting
purposes, inception is defined as January 1, 1995. Prior to December 22, 2000,
the Company's name was Orbit Technologies, Inc. The Company's business plan
focuses on applied research and development of new and innovative technologies,
engineering ideas, methods, and processes that hold the potential to become
commercially viable products or processes. Once a product or process receives
commercial validation through an outside or third party, it is the Company's
intention to either spin it off as a separate business entity, or license or
sell to an affiliated or unaffiliated entity that, at that time, becomes
responsible for the production, marketing and sales of such products or
services. The Company's technologies are undergoing certain feasibility studies
and/or actual field tests and evaluations in the area of the treatment and
stabilization of buried low-level mixed radioactive waste. To date, the Company
has not commercialized any of its technologies.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Unaudited Interim Financial Statements
--------------------------------------

The interim financial data as of March 31, 2005, and for the three months ended
March 31, 2005 and 2004 are unaudited; however, in the opinion of management,
the interim data includes all adjustments, consisting only of normal recurring
adjustments, necessary to present fairly the Company's financial position as of
March 31, 2004, and the results of its operations for the three months and cash
flows for the three months ended March 31, 2005 and 2004. These results are not
necessarily indicative of the results expected for the year ending December 31,
2005. These financial statements and notes thereto do not reflect all
disclosures necessary for preparation under accounting principles generally
accepted in the United States. Refer to the Company's Annual Report on Form
10-KSB for the year ended December 31, 2004.

Going Concern
-------------

The accompanying financial statements have been prepared in conformity with
accounting principles generally accepted in the United States, which contemplate
continuation of the Company as a going concern. Prior to inception, the Company
had losses accumulating to $6,961,050. The Company, since inception, has
suffered losses accumulating to $12,033,834 through March 31, 2005. For the year
ended December 31, 2004 and for the three months ended March 31, 2005, the
Company incurred net losses of approximately $758,205 and $165,458,
respectively, and as of March 31, 2005, had a stockholders' deficit and a
working capital deficit of approximately $2,012,045 and $2,024,234,
respectively. The Company is in arrears with certain of its payables and accrued
liabilities. The Company requires additional funds to move into the marketing
and commercialization of its technologies. No assurances can be given that the
Company can manufacture its technologies on a large-scale basis or at a feasible
cost. Further, no assurance can be given that any technology will receive market
acceptance. The Company's ability to continue as a going concern is dependent
upon obtaining the additional financing, restructuring and/or curing the
defaults on its debt, and the successful marketing of its technologies. These
factors raise substantial doubt about the Company's ability to continue as a
going concern. Management plans to explore additional sources of working capital
including borrowings, sales of securities, joint ventures, mergers, and the
licensing of technologies. In April 2003, the Company entered into a common
stock purchase agreement with Fusion Capital Fund II, LLC ("Fusion Capital") in
an effort to raise working capital (see Note 6). Management intends to use any
funds raised to pursue the marketing and commercialization of its technologies.
Management believes that the Company can raise adequate capital to keep the
Company functioning at a minimum level of operation in the next fiscal year.
Management is exploring ways to reduce its existing liabilities, including
exchanging certain of its liabilities for shares of its common stock. There can
be no assurance that management will be successful in its efforts to raise
capital sufficient to fund its working capital requirements or to convert debts
into common stock during the next twelve months.

                                       5

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)

These financial statements do not include any adjustments relating to the
recoverability of recorded asset amounts that might be necessary as a result of
the above uncertainty.

Development-Stage Company
-------------------------

The Company is considered a development-stage company, with no operating
revenues from the license and/or sale of commercially viable technologies during
the periods presented, as defined by Statement of Financial Accounting Standards
("SFAS") No. 7. SFAS No. 7 requires companies to report their operations,
shareholders deficit and cash flows since inception through the date that
revenues are generated from management's intended operations, among other
things. Management has defined inception as January 1, 1995, near the date
management control was obtained. Since inception, the Company has incurred
operating losses totaling approximately $12 million, much of which relates to
stock-based compensation to officers, directors and consultants as a means to
preserve working capital. The Company's working capital has been generated
through the sales of common stock and debt. In addition, significant research
and development costs to develop technologies have been expended since
inception. Management has provided financial data since January 1, 1995
"Inception" in the financial statements, as a means to provide readers of the
Company's financial information to make informed investment decisions.

The Company completed the initial and intermediate testing and evaluation of its
GMENT technology at the Department of Energy ("DOE") Idaho Falls site with the
receipt of Volume II of the "Final Results Report, In Situ Grout Technology for
Application in Buried Transuranic Waste Sites," published in April 2003 by the
Idaho National Engineering and Environmental ("INEEL"). Confirmation of the test
results has been completed using actual radioactive waste. Therefore, there have
been no expenditures during the three months ended March 31, 2005 and 2004 for
research and development. Bechtel recently issued an Engineering Design File
(EDF) entitled, Grout Selection Criteria and Recommendation for the Operable
Unit 7-13/14 In Situ Grouting Project dated December 2004. The EDF indicates
that this project would not be going forward as planned until additional studies
were completed requiring a Risk Assessment based on revised inventory and
containment mobility data at the site. The time to complete thia additional
modeling is not known at this time. The Company is moving into position to begin
the marketing and commercialization phase of its development at other DOE sites
including Hanford, Washington.

Use of Estimates
----------------

The preparation of the financial statements in conformity with accounting
principles generally accepted in the United States requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities, and disclosure of contingent liabilities at the date of the
financial statements and the reported amounts of expenses during the reporting
period. Actual results could differ from those estimates.

Risks and Uncertainties - Technologies
--------------------------------------

The Company's operations are subject to new innovations in product design and
function. Significant technological changes can have an adverse effect on
product lives. Design and development of new products are important elements to
achieve profitability in this industry segment.

Loss Per Share
--------------

Basic earnings per share ("Basic EPS") is computed by dividing net loss
available to common stockholders by the weighted average number of common shares
outstanding during the period. Diluted earnings per share ("Diluted EPS") give
effect to all dilutive potential common shares outstanding during a period. In
computing Diluted EPS, the treasury stock method is used in determining the
number of shares assumed to be purchased from the conversion of common stock
equivalents. Securities that could potentially dilute Basic EPS in the future,
that were not included in the computation of Diluted EPS because to do so would
have been anti-dilutive for the periods presented, consist of options, warrants,
convertible notes and debentures.

                                       6

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)

The following is a reconciliation of the numerators and denominators of the
basic and diluted earnings per share computations for the three months ended
March 31, 2005 and 2004:

                                                      2005             2004
                                                  -------------    -------------
 Basic and diluted net loss per share:
 Numerator:
       Net loss                                   $   (165,458)    $   (158,030)

 Denominator:
       Basic and diluted weighted average
       number of common shares outstanding          99,999,999       65,032,862
                                                  -------------    -------------
 Basic and diluted net loss per share             $      (0.00)    $      (0.00)
                                                  =============    =============

Shareholder Dilution
--------------------

The Company's management has relied on the issuance of its common stock to
provide working capital and provide compensation to officers, directors and
consultants. The trading price of the Company's common stock has declined over
time. If the Company continues to rely on the issuance of common stock to retain
key management and consultants, based on current per-share prices, the existing
shareholders may be significantly diluted in the future.

Incremental Shares
------------------

Securities that could potentially dilute basic earnings per share ("EPS") in the
future that were not included in the computation of diluted EPS because to do so
would have been anti-dilutive as of March 31, 2005 consist of the following:



                                                             Number of Potential
                                                              Additional Common
                                                                    Shares
                                                             -------------------

Notes payable to related parties                                    20,319,663
Options to purchase common stock                                       800,000
Accrued officers' and directors' compensation                       12,527,583
                                                             -------------------
       Total incremental shares at March 31, 2005                   33,647,246
                                                             ===================

Equipment and Fixtures
----------------------

Equipment and fixtures are recorded at cost. Depreciation is provided using
accelerated and straight-line methods over the estimated useful lives of the
related assets as follows:

                  Description                                 Years
                  -----------                                 -----

                  Furniture and fixtures                         7
                  Computer hardware and software               3-5

                                       7

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)

Recent Accounting Pronouncements
--------------------------------

In March 2004, the Emerging Issues Task Force ("EITF") reached a consensus on
Issue No. 03-1, "The Meaning of Other-Than-Temporary Impairment and its
Application to Certain Investments." The EITF reached a consensus about the
criteria that should be used to determine when an investment is considered
impaired, whether that impairment is other-than-temporary, and the measurement
of an impairment loss and how that criteria should be applied to investments
accounted for under SFAS No. 115, "ACCOUNTING IN CERTAIN INVESTMENTS IN DEBT AND
EQUITY SECURITIES." EITF 03-01 also included accounting considerations
subsequent to the recognition of other-than-temporary impairment and requires
certain disclosures about unrealized losses that have not been recognized as
other-than-temporary impairments. Additionally, EITF 03-01 includes new
disclosure requirements for investments that are deemed to be temporarily
impaired. In September 2004, the Financial Accounting Standards Board (FASB)
delayed the accounting provisions of EITF 03-01; however, the disclosure
requirements remain effective for annual reports ending after June 15, 2004. The
Company will evaluate the impact of EITF 03-01 once final guidance is issued.

In December 2004, the FASB issued FASB Statement No. 123R, "Share-Based Payment,
an Amendment of FASB Statement No. 123" ("FAS No. 123R"). FAS No. 123R requires
companies to recognize in the statement of operations the grant- date fair value
of stock options and other equity-based compensation issued to employees. FAS
No. 123R is effective beginning in the Company's second quarter of fiscal 2006.
The Company is evaluating the effects adoption of SFAS 123R will have on its
financial statements.

In December 2004, the FASB issued SFAS Statement No. 153, "Exchanges of
Non-monetary Assets." The Statement is an amendment of APB Opinion No. 29 to
eliminate the exception for non-monetary exchanges of similar productive assets
and replaces it with a general exception for exchanges of non-monetary assets
that do not have commercial substance. The Company believes that the adoption of
this standard will have no material impact on its financial statements.

Stock Based Compensation
------------------------

The Company has elected to follow Accounting Principles Board Opinion No. 25,
Accounting for Stock Issued to Employees ("APB 25"), and related interpretations
in accounting for its employee stock options because the alternative fair value
accounting provided under FASB Statement No. 123, Accounting for Stock-Based
Compensation, ("SFAS 123") requires the use of option valuation models that were
not developed for use in valuing employee stock options. As permitted, the
Company adopted the disclosure alternative of SFAS 123 and SFAS 148, which
require pro forma disclosure of net income and earnings per share as if the fair
value method of accounting had been applied. Since the Company has no
significant stock options outstanding, the pro forma financial data is not
meaningful.

Under APB 25, when the exercise price of the Company's stock options equals or
exceeds the fair value of the underlying stock on the date of grant, no
compensation expense is recorded.

During the quarters ended March 31, 2005 and 2004, the Company awarded two of
the officer's options for a total of 400,000 shares of the Company's common
stock as part of their employment agreements. The Company recorded an expense of
$5,660 and $4,940 respectively for these options.

In compliance with FAS No. 148, the Company has elected to continue to follow
the intrinsic value method in accounting for its stock-based employee
compensation plan as defined by APB No. 25 and has made the applicable
disclosures below.

                                       8

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)

Had the Company determined employee stock based compensation cost based on a
fair value model at the grant date for its stock options under SFAS 123, the
Company's net earnings per share would have been adjusted to the pro forma
amounts for three months ended March 31, 2005 and 2004 as follows:

                                                         2005          2004
                                                     ------------   ------------
Net loss - as reported                               $  (165,458)   $  (158,030)
Stock-based employee compensation expense,
     included in reported net loss, net of tax             5,660          4,940

Total stock-based employee compensation
     expense determined under fair-value-based
     method for all rewards, net of tax                   (8,800)        (8,200)

                                                     ------------   ------------
Pro forma net loss                                   $  (168,598)   $  (161,290)
                                                     ============   ============

Earnings per share:
     Basic and diluted, as reported                        (0.00)         (0.00)
     Basic and diluted, pro forma                          (0.00)         (0.00)


NOTE 3 - NOTES PAYABLE TO RELATED PARTIES

Notes payable to related parties consist of the following at March 31, 2005:


 Notes                   Interest Rate    Principal Balance    Accrued Interest
--------------------------------------------------------------------------------

Current Portion:
     Shareholders         10% - 12%           $ 279,250            $ 272,200
     Officers              8% - 10%             327,439              135,469

                                           ----------------    -----------------
Total Notes Payable to related parties        $ 606,689            $ 407,669
                                           ================    =================

Shareholders:
-------------

On May 27, 1997, the Company entered into an installment loan agreement with an
individual shareholder to borrow $300,000. As of December 31, 1998, the
shareholder had advanced the Company $299,500 against the $300,000 loan
agreement. The installment loan bears interest at 12% per annum and was due on
May 27, 1999. The loan agreement provides for semi- annual interest payments of
$17,920. The installment note is collateralized by the Company's rights, titles
and patents, of the Company's technology known as "Polymer Encapsulation
Technology." In November 2004, $20,250 of the principle of this note was
converted into 330,612 shares of the Company's common stock. The balance at
March 31, 2005 was $279,250. Accrued interest at March 31, 2005 was $256,637. As
the Company is in default on the note, it has been classified as a current note
payable.

In March 2003, the Company entered into a new agreement with a shareholder
whereby the shareholder loaned the Company $10,000. The shareholder has the
right to convert the unpaid principal and/or accrued interest at the price per
share discounted by 20% of the average bid and ask price during the five day
period prior to the date of conversion. This note matured on July 21, 2003. In
November 2004, the principle of this note was converted into 163,265 shares of
the Company's common stock. Accrued interest at March 31, 2005 was $1,500.

At March 31, 2004, the Company had an outstanding loan from a shareholder in the
amount of $25,000. The note bears an interest rate of 10% per annum and was due
on November 5, 1999. The noteholder has the right to convert the unpaid
principal and/or accrued interest at the price per share discounted by 20% of
the average bid and ask price five days prior to the date of conversion. In
November 2004, the principle of this note was converted into 408,163 shares of
the Company's common stock. Accrued interest at March 31, 2005 was $14,062.

                                       9

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)

Long-term - Officers:
---------------------

At December 31, 2001, the two officers had loans outstanding totaling $112,341
to the Company. Each note bears interest of 10% per annum and is due one year
from the issuance date. The notes principal and accrued interest are convertible
into common stock at prices ranging from $0.13 to $0.32 per share. During the
fiscal year ended December 31, 2004, $5,000 was paid on one of these notes.
During the year ended December 31, 2002, the officers loaned an additional
$65,000 in cash to the Company at 8% per annum. The officers have the right to
convert the unpaid principal and/or accrued interest at the price per share
discounted by 20% of the average bid and ask price five days prior to the date
of conversion. These notes matured on August 27, 2003. In addition, on June 10,
2002 one of the officers transferred 200,000 shares of the Company's common
stock privately owned by them to pay the retainer for legal fees. At the date of
the transfer the shares had a market value of $0.08 per share or $16,000. When
the attorney sold the shares and reduced his bill, the shares were sold at less
than the value previously recorded. The officer's loans were reduced accordingly
by $2,256 to a net loan value of $13,744.

During the year ended December 31, 2003, the Company entered into seven new
agreements with the officers, whereby the officers loaned a total of $88,000 to
the Company at 8% per annum. In addition, the officers have the right to convert
the unpaid principal and/or accrued interest at the price per share discounted
by 20% of the average bid and ask price during the five day period prior to the
date of conversion. These notes matured between March 11, 2004 and June 23,
2004.

On February 21, 2003, two of the officers transferred a total of 135,667 shares
of the Company's common stock privately owned by them to pay the retainer for
legal fees. At the date of the transfer the shares had a market value of $0.11
per share or $14,923. On May 15, 2003, one of the officers transferred 300,000
shares of the Company's common stock privately owned by them to pay the retainer
for legal fees. At the date of the transfer the shares had a market value of
$0.145 per share or $43,500. These amounts were recorded as an additional loan
made by the officers and applied to prepaid expenses. When the attorney sold the
shares and reduced his bill, the shares were sold at less than the value
previously recorded. The officer's loans were reduced accordingly by $33,812 to
a net loan value of $24,611. On June 2, 2003, an officer transferred 100,000
shares of the Company's common stock privately owned by him to pay consulting
fees to a non-related third-party. At the date of the transfer the shares had a
market value of $0.15 per share or $15,000. On July 29, 2003, one of the
officers transferred 300,000 shares of the Company's common stock privately
owned by them to pay the retainer for legal fees. At the date of the transfer
the shares had a market value of $0.11 per share or $33,000. These amounts were
recorded as an additional loan made by the officers and applied to prepaid
expenses. When the attorney sold the shares and reduced his bill, the shares
were sold at less than the value previously recorded. The officer's loans were
reduced accordingly by $20,157 to a net loan value of $12,843. On December 16,
2003, an officer transferred 10,000 shares of the Company's common stock
privately owned by him to pay consulting fees to a non-related third-party. At
the date of the transfer the shares had a market value of $0.09 per share or
$900. The officers have the right to convert the unpaid principal and/or accrued
interest at the price per share discounted by 20% of the average bid and ask
price five days prior to the date of conversion. These notes matured between
February 21, 2004 and December 16, 2004.

At March 31, 2005, the total balance owing was $327,439 and the accrued interest
was $135,469. During 2000, the officers entered into a standstill agreement with
the Company in which they agreed to forebear any collection of the debts for a
period of one year. The agreements with the officers have been extended to
January 1, 2005.

                                       10

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)

NOTE 4 - COMMITMENTS AND CONTINGENCIES

Employment and Consulting Agreements
------------------------------------

On January 1, 2002, the Company entered into two employment agreements with its
current officers. The agreements provide for annual salaries aggregating to
$300,000, expire January 1, 2004, and provide for automatic annual renewals. On
January 1, 2005, the agreements were renewed for another year. In addition to
the salaries, the agreements grant each officer 100,000 non-qualified stock
options per year. The stock options are to purchase shares of the Company's
common stock at an exercise price of $0.05 per share, vest immediately, and
expire in five years. A total of 400,000 option shares were granted to the
officers during the quarter ended March 31, 2005 and 2004 respectively and
$5,660 and $4,940 was recorded as additional compensation based on the
difference between the market price and the exercise price at the date of grant.

For the three months ended March 31, 2005 and 2004, the expense recorded under
the agreements amounted to $75,000 each. In April 2002, the Board of Directors
approved accruing interest on all unpaid salary beginning with salaries accrued
in the year ending December 31, 2001, at 8% per annum and going forward. During
the fiscal year ended December 31, 2004, $1,618,123 of accrued compensation was
converted into 25,246,614 shares of the Company's common stock. Accrued
officer's compensation unpaid at March 31, 2005 totaled $552,601, and accrued
interest totaled $161,095. For the three months ended March 31, 2005 and 2004,
interest expense was $8,953 and $12,752 respectively.

Consulting Agreement
--------------------

In August 2004, the Company engaged Longenecker and Associates to provide
consulting services and advice to the Company on the introduction of its
products to DOE and other government and commercial markets. The agreement calls
for the Company to pay consultants $5,000 per quarter plus a 2% commission on
the gross amount of any sales made by or as a result of contacts made by L&A.
During the quarter ended March 31, 2005 the Company paid $5,000 to L&A for their
services.

Settlement Agreement subject to contingency
-------------------------------------------

In December 2004, the Company entered into a settlement agreement with a
shareholder whom the Company owes $279,250 in loans and $272,200 in accrued
interest (See Note 3) whereby the parties agreed to satisfy the debt in full
with the issuance of an additional 7,710,770 shares of the Company's common
stock valued at $570,597. The settlement and the issuance of the stock is
contingent upon the successful completion of the merger with Sutura, Inc. (See
Note 8). If the shares are issued, the Company will record a loss on the
settlement of $19,146.

NOTE 5 - STOCKHOLDERS' DEFICIT

Common Stock Transactions During the Three Months Ended March 31, 2004
----------------------------------------------------------------------

In January 2004, the Company granted both officers options to purchase 100,000
shares each of the Company's common stock at an exercise price of $0.05 per
share, as part of their employment agreement. These options were valued at
$4,940 and were charged to officer's compensation during the three months ended
March 31, 2004.

During the quarter ended March 31, 2004, the Company issued 1,116,016 shares of
its common stock to Fusion Capital under the Stock Purchase Agreement (see Note
6) for proceeds of $80,000 ranging from $0.064 to $0.093 per share. The shares
were issued under the Company's SB-2 registration that became effective on July
16, 2003.

                                       11

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)

In January 2004, the Company entered into a "Stock Subscription Agreement" with
a private investor whereby the investor agreed to purchase 1,000,000 shares of
the Company's common stock for $45,000 or $0.045 per share. As of March 31,
2004, the investor had paid the Company $30,000 and the balance of $15,000 is
reflected as "Stock Subscription Receivable" in the accompanying financial
statements. The stock was not issued until the balance was received from the
investor. The Company received the balance in April 2004.

Common Stock Transactions During the Three Months Ended March 31, 2005
----------------------------------------------------------------------

In January 2005, the Company granted both officers an option to purchase 100,000
shares of the Company's common stock at an exercise price of $0.05 per share, as
part of their employment agreement. These options were valued at $5,660 and were
charged to officer's compensation during the three months ended March 31, 2005.

Stock Issuance Costs
--------------------

The Company capitalizes direct and incremental costs associated with raising
cash from the issuance of equity capital, and such costs will be reported as a
reduction to the proceeds received in the event the offering is successful. In
the event the stock offering is unsuccessful, such costs will be expensed at the
time known to management. Stock issuance costs are reported as a reduction of
stockholders' deficit in the accompanying financial statements at March 31,
20045. During the quarters ended March 31, 2005 and 2004, $0 and $4,037 were
amortized due to the purchase of stock under the stock purchase agreement (See
Note 6). The balance at March 31, 2005 was $131,892.

Non-Qualified Stock Option Plan
-------------------------------

From time to time, the Company issues non-qualified stock options. These options
are generally granted to consultants for past services and are granted to
noteholders in connection with financing agreements.

In 2000, the Company entered into a consulting agreement with an attorney. Under
the terms of the agreement, the Company is to grant the attorney an option to
purchase 50,000 common shares every six months in July and January. The options
have an exercise price of 125% of the market price on the day of the grant and
expire three years from the date of the grant. During the three months ended
March 31, 2004, the Company granted the attorney the option to purchase 50,000
shares of the Company's common stock. The Company valued these options using the
fair value method and recorded legal expense of $350 based on the Black-Scholes
option pricing model with the following assumptions:

             Risk-free interest rate                              3.25%
             Expected life                                      3 years
             Expected volatility                                    15%
             Dividend yield                                          0%

In November 2004, the agreement with the attorney was terminated and all
outstanding options were cancelled.

NOTE 6 - FUSION CAPITAL TRANSACTION

On April 22, 2003, the Company entered into a common stock purchase agreement
with Fusion Capital pursuant to which Fusion Capital agreed to purchase on each
trading day during the term of the agreement $10,000 of the Company's common
stock up to an aggregate of $6.0 million. The $6.0 million of common stock is to
be purchased over a 30-month period, subject to a six-month extension or earlier
termination at the Company's discretion. The purchase price of the shares of
common stock will be equal to a price based upon the future market price of the
common stock without any fixed discount to the market price. Fusion Capital does
not have the right or the obligation to purchase shares of the Company's common
stock in the event that the price of its common stock is less than $0.05 per
share.

The Company has authorized the sale and issuance of 20,000,000 shares of its
common stock to Fusion Capital under the common stock purchase agreement. The
Company filed a registration statement on Form SB-2 to register the underlying
securities on May 15, 2003. The registration statement became effective on July
16, 2003.

                                       12

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)

Under the terms of the common stock purchase agreement, Fusion Capital received
1,678,022 shares of the Company's common stock as a commitment fee, valued at
$151,022. The value of these shares has been recorded as stock offering fees. In
addition, at such time as Fusion Capital has purchased $3,000,000 of the
Company's common stock under the common stock purchase agreement, the Company
will issue to Fusion Capital an additional 1,978,022 shares of common stock as
an additional commitment fee. This commitment fee will be recorded when the
contingencies are removed and the fee is earned. Unless an event of default
occurs, these shares must be held by Fusion Capital until 30 months from the
date of the common stock purchase agreement or the date the common stock
purchase agreement is terminated. Under the common stock purchase agreement, on
each trading day Fusion Capital is obligated to purchase a specified dollar
amount of the Company's common stock. Subject to the Company's right to suspend
these purchases at any time, and its right to terminate the agreement with
Fusion Capital at any time Fusion Capital shall purchase on each trading day
during the term of the agreement $10,000 of the Company's common stock. The
Company may decrease this daily purchase amount at any time. The Company also
has the right to increase the daily purchase amount at any time; provided
however, it may not increase the daily purchase amount above $10,000 unless its
stock price is above $.30 per share for five consecutive trading days.

In September and October 2003, Fusion Capital purchased 371,438 shares of the
Company's common stock for $20,000 as part of this agreement. In addition,
Fusion loaned the Company $30,000 during the year ended December 31, 2003
against future purchases of shares under the Stock Purchase Agreement.

During the year ended December 31, 2004, Fusion Capital purchased 5,312,094
shares of the Company's common stock for $290,000 as part of this agreement. In
addition, Fusion loaned the Company $40,000 during the year ended December 31,
2004 against future purchases of shares under the Stock Purchase Agreement for a
total amount loaned of $70,000. In November 2004, Fusion was issued 1,400,000
shares of the Company's common stock against the amounts loaned. As of March 31,
2005, there was no loans outstanding against future purchases of shares under
this agreement.

As of March 31, 2005, a total of 7,083,532 shares have been purchased for a
total of $380,000 under this agreement.

NOTE 7 - GAIN FROM SETTLEMENT OF DEBT

In January 2005, the Company entered into a settlement agreement with a vendor
whereby the vendor agreed to accept $5,000 as full payment on the invoices
outstanding, amounting $18,196. As a result, the Company recorded a gain on
settlement of debt of $13,196.

NOTE 8 - PROPOSED MERGER WITH SUTURA, INC.

On December 29, 2004, the majority of the stockholders of the Company ("TVGR")
approved the proposed merger of the Company with Sutura, Inc., ("Sutara") a
Delaware corporation. In connection with the merger:

         o    A twelve-for-1 reverse stock split will occur;

         o    There will be an increase in the authorized captial stock of TVGR
              to provide for the merger consideration and future issuances of
              common stock.

         o    Substantially all of the debt held by the officers of the Company
              will either be discharged or converted into no more than
              approximately 26,000,000 shares of the Company's common stock
              immediately prior to the merger becoming effective (before taking
              into account the reverse stock split) assuming the merger is
              consummated on or before June 30, 2005;

         o    Each outstanding share of common stock of Sutura will be cancelled
              and converted into the right to receive approximately 20.952
              shares of common stock of TVGR, which will result in substantial
              dilution to the stockholders of TVGR so that they will own only
              approximately 5% of the outstanding common stock of TVGR in the
              aggregate;

                                       13

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)

         o    Each outstanding option, warrant or right to purchase a share of
              common stock of Sutura will automatically be converted into an
              option, warrant or right to purchase approximately 20.952 shares
              of common stock of TVGR;

         o    The business conducted by TVGR prior to the merger will continue
              to be conducted as a separate line of business in a wholly owned
              subsidiary of the surviving company and the business of Sutura
              will be conducted as the primary business of TVGR following the
              merger;

         o    TVGR's name will be changed to "Sutura, Inc." upon consummation of
              the merger;

         o    Members of the management of Sutura will become directors and
              officers of TVGR together with two of the company's existing
              officers and one director; and

         o    Current TVGR management will receive no cash or equity
              consideration as a result of the merger; however TVGR's Chief
              Executive Officer and TVGR's Chief Operating Officer will enter
              into new employment agreements in connection with the merger, and
              certain indebtedness owing to them will be converted into common
              stock.

The merger will result in a change of control of TVGR and the existing
shareholders of TVGR will own 5% of the outstanding shares of common stock of
TVGR immediately following the merger. As a result of the change of control, the
current employment agreement between Mr. James B. Lahey, TVGR's Chief Executive
Officer, and TVGR will terminate; the current employment agreement between
Mr.James A. Giansiracusa, TVGR's Chief Operating Officer, and TVGR will
terminate, and TVGR's financing agreement with Fusion Capital Partners LLC will
terminate. TVGR will move it operations and offices to Sutura's facility in
Fountain Valley, California.

In addition, the notes payable to a shareholder will be converted into 7,710,770
shares of common stock as part of the settlement agreement which is contingent
upon the successful completion of the merger (see Note 4).

The closing date of the merger is anticipated to by the end of the second
quarter 2005; however there are no assurances that the merger will be completed
as scheduled.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

The following discussion is intended to assist in an understanding of the
Company's financial position and results of operations for three months ended
March 31, 2005.

Forward-Looking Information.
----------------------------

This report contains certain forward-looking statements and information relating
to the Company that is based on the beliefs of its management as well as
assumptions made by and information currently available to its management. When
used in this report, the words "anticipate", "believe", "estimate", "expect",
"intend", "plan", and similar expressions as they relate to the Company or its
management, are intended to identify forward-looking statements. These
statements reflect management's current view of the Company with respect to
future events and are subject to certain risks, uncertainties and assumptions.
Should any of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those
described in this report as anticipated, estimated or expected. The Company's
realization of its business aims could be materially and adversely affected by
any technical or other problems in, or difficulties with, planned funding and
technologies, third party technologies which render the Company's technologies
obsolete, the unavailability of required third party technology licenses on
commercially reasonable terms, the loss of key research and development
personnel, the inability or failure to recruit and retain qualified research and
development personnel, or the adoption of technology standards which are
different from technologies around which the Company's business ultimately is
built. The Company does not intend to update these forward-looking statements.

                                       14

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)

Plan of Operation
-----------------

Since 1996, Technology Visions has focused on the development and use of its
polymer-based Polymer Encapsulation Technology ("PET") System as a method for
stabilizing and encapsulating various radioactive and toxic waste materials
leading to a final waste form for disposal. During the past few years,
Technology Visions has introduced GMENT, a specialized grout treatment and
stabilization technology as a method for subsurface waste stabilization.

To commercialize the PET technology and obtain governmental approval for its
use, Technology Visions must complete the additional testing recommended in this
report. Funding for the completion of this work is estimated by the company at
$250,000. It is also estimated that once funding becomes available to begin this
work, it will require 12 to 18 months to complete. Once completed, Technology
Visions intends to market this product for use by the DOE or other applications
where the benefits of PET can be utilized.

Currently, Technology Visions is focused on developing GMENT. GMENT is licensed
exclusively to Technology Visions and is a trademark of Advanced Grout Systems.
GMENT is a cementitous grout that contains proprietary materials, which not only
stabilize certain wastes but also treat specific hazardous elements within the
waste. It has been developed for use in the containment of buried low-level
radioactive mixed waste.

In January 2002, Technology Visions entered into an exclusive Trademark License
and Technology Licensing Agreement with Advanced Grout Systems, Ltd. Terms of
the license allow Technology Visions to manufacture, distribute, market and sell
the product in exchange for a royalty based upon sales volume. The royalty
begins at 10% for gross sales up to $1 million, then declines to 9% for sales of
$1 million to $5 million, 8% for sales of $5 million to $10 million, 7% for
sales of $10 million to $25 million, and 6% for sales exceeding $25 million.
This license expires November 30, 2026. The territorial rights granted to
Technology Visions under the license include the United States of America and
any other countries of the world. Also, as part of the exclusive license,
Technology Visions is granted first right of refusal for any additional
trademark or non-trademark products developed by Advanced Grout Systems, Ltd.
dealing with environmental remediation or waste management technologies.

In June 2000, Bechtel BWXT LLC awarded Technology Visions a contract to manage
the testing and evaluation of in-situ grout candidate materials that were being
considered by INEEL and Bechtel for the treatment of certain subsurface waste
sites at the DOE site in Idaho Falls, Idaho. The contract was a two-year,
three-phase Treatability Study conducted by INEEL and Bechtel. Testing included
Phase I Bench Testing, Phase II Field Implementability Testing, and Phase III
Full-Scale Field Testing.

Phase I Bench Testing included rigorous laboratory testing protocol designed for
choosing three grouts from six candidate grouts for use in the Phase II Field
Implementability testing. Data was also gathered during the bench-testing phase
to support final monolith durability estimates and transportion modeling
efforts. Following the laboratory testing, GMENT was chosen as one of three
candidate grout materials to continue to the Phase II Field Implementability
Testing of the Treatability Study.

In April 2001, the Phase II Field Implementability Testing of the contract was
conducted by Applied Geotechnical Engineering and Construction Company, Inc.
("AGEC") at a site located near Richland, Washington. Upon successful completion
of this test phase, GMENT was chosen as the sole grout material selected to be
used in the Phase III Full Scale Field Test that was conducted in October 2001
at the DOE site in Idaho Falls, Idaho. GMENT was selected based on such factors
as basic costs, ease of mixing and cleaning of the grout, minimized grout
returns in creating a triplex column, and formation of the solid monoliths.
Technology Visions, under the exclusive Trademark License and Technology
Licensing Agreement with Advanced Grout Systems, Ltd., provided approximately
100 tons of GMENT grouting material for Phase III. Site grouting was performed
by AGEC. Testing results met all criteria established by state and federal
regulatory agencies.

                                       15

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)

At the conclusion of Phase III, AGEC prepared and submitted to Bechtel a report
estimating the quantity of GMENT grout material to treat the areas under
consideration to be approximately 24 million gallons.

         o    The final report prepared for the DOE, Assistant Secretary for
              Environmental Management, Volume I, "Final Results Report, In-Situ
              Grouting Technology for Application in Buried Transuranic Waste
              Sites" was published in September 2002, by INEEL. Volume I
              summarized the technology and presents results of a two-year,
              three-phase treatability study conducted by the INEEL. Volume II
              was published in April 2003 and contains the results of analytical
              calculations on the long-term durability of monoliths created by
              in-situ grouting and on the long-term performance of a treated
              buried waste site.

Technology Visions believes that the approval of the GMENT material for the
treatment and stabilization of buried low-level radioactive mixed waste in
certain areas of the Subsurface Disposal Area (SDA) at the DOE site in Idaho
Falls, Idaho, could provide initial and significant revenues for the Company.
With the acceptance and approval of GMENT in Idaho, Technology Visions plans to
aggressively pursue other waste sites identified in the United States with
similar waste problems. Initial contacts have been currently made at two other
DOE sites, based on the initial information disclosed in Volume I of the Idaho
report, where GMET may have end use application.

In addition to its focus specifically on GMENT applications and the PET
Technology, Technology Visions will continue to search out and acquire
technologies or obtain licenses to use technologies that have multiple market
applications in line with the Company's core expertise and know-how.

As with the development of any new technology, until a commercial product has
been developed, purchased and utilized by a third party, the efficacy of the
product is in question. But Technology Visions believes that based on the
developments to date, the company should anticipate a commercial product in the
next 12 to 18 months after Volume II from the subject project is received and
final government approval is received. However, Technology Visions' ability to
market existing technologies and to acquire new technologies may ultimately be
limited by its lack of financial resources.

Until completion of the final development of a technology and the commencement
of sales, Technology Visions will have minimal or no operating revenues but will
continue to incur substantial expenses. Technology Visions may not be able to
complete development of any technology or if completed, manufacture the
technology on a large-scale basis or at a feasible cost. Further, its
technologies may not receive market acceptance. Being a development stage
entity, Technology Visions is subject to all the risks inherent in the
establishment of a new enterprise and the marketing and manufacturing of a new
product, many of which risks are beyond the control of Technology Visions.

Technology Visions' business model is to obtain long-term supply contracts for
its products with private-company general contractors or other affiliates which
have master contracts with selected waste sites. Revenues, if any, will be
recorded when a contract is effected, the products are delivered, and
collectibility of the receivable is reasonably assured. Technology Visions does
not intend to manufacture its products. We have identified possible outsource
manufacturers with the capability and capacity to produce our products. We
believe that our margins will be between 12% and 15% of revenues, using
outsource manufacturers. The DOE site in Idaho Falls, Idaho, has 14 acres of
low-level solid waste which may be treated by our GMENT product. The estimated
revenue potential for the Idaho site is for 2.4 million gallons, per year, for
ten (10) years or approximately $70 million. Technology Visions has identified
other sites in the United States containing wastes that potentially may be
treated with GMENT; however, current emphasis is on the Idaho Falls site. There
are no assurances that Technology Visions will be selected as a provider of
specialty grout GMENT for the Idaho DOE site project.

With the receipt of Volume II of the "Final Results Report, In Situ Grout
Technology for Application in Buried Transuranic Waste Sites," published in
April 2003 by INEEL, all the initial and intermediate testing and evaluation of
its GMENT technology at the Idaho Falls site was completed. Confirmation of the
test results using surrogate waste have now been completed using actual
radioactive waste materials. Technology Visions is currently moving into
position to begin the marketing and commercialization phase of its development.

                                       16

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)

Bechtel recently issued an Engineering Design File (EDF) entitled, Grout
Selection Criteria and Recommendation for the Operable Unit 7-13/14 In Situ
Grouting Project dated December 2004. The EDF indicates that this project would
not be going forward as planned until additional studies were completed
requiring a Risk Assessment based on revised inventory and containment mobility
data at the site. The time to complete thia additional modeling is not known at
this time.

On September 30, 2003, the Company engaged The Janis Group ("Janis") to provide
consulting and advisory services to assist with the implementation of the
Company's business plan, specifically, to work with the Company to further its
efforts in the commercialization of its proprietary waste management products.

Critical Accounting Policies
----------------------------

Our financial statements and related public financial information are based on
the application of accounting principles generally accepted in the United States
("GAAP"). GAAP requires the use of estimates; assumptions, judgments and
subjective interpretations of accounting principles that have an impact on the
assets, liabilities, and expense amounts reported. These estimates can also
affect supplemental information contained in the external disclosures of the
Company including information regarding contingencies, risk and financial
condition. We believe our use of estimates and underlying accounting assumptions
adhere to GAAP and are consistently and conservatively applied. Valuations based
on estimates are reviewed for reasonableness and conservatism on a consistent
basis throughout the Company. Primary areas where our financial information is
subject to the use of estimates, assumptions and the application of judgment
include our evaluation of impairments of intangible assets, and the
recoverability of deferred tax assets, which must be assessed as to whether
these assets are likely to be recovered by us through future operations. We base
our estimates on historical experience and on various other assumptions that we
believe to be reasonable under the circumstances. Actual results may differ
materially from these estimates under different assumptions or conditions. We
continue to monitor significant estimates made during the preparation of our
financial statements.

Valuation Of Long-Lived And Intangible Assets
---------------------------------------------

The recoverability of these assets requires considerable judgment and is
evaluated on an annual basis or more frequently if events or circumstances
indicate that the assets may be impaired. As it relates to definite life
intangible assets, we apply the impairment rules as required by SFAS No. 121,
"Accounting for the Impairment of Long-Lived Assets and Assets to Be Disposed
Of" which requires significant judgment and assumptions related to the expected
future cash flows attributable to the intangible asset. The impact of modifying
any of these assumptions can have a significant impact on the estimate of fair
value and, thus, the recoverability of the asset.

Income Taxes
------------

We recognize deferred tax assets and liabilities based on the differences
between the financial statement carrying amounts and the tax bases of assets and
liabilities. We regularly review our deferred tax assets for recoverability and
establish a valuation allowance based upon historical losses, projected future
taxable income and the expected timing of the reversals of existing temporary
differences. During 2004, we estimated the allowance on net deferred tax assets
to be one-hundred percent of the net deferred tax assets.

                                       17

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)

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

Quarter Ended March 31, 2005 Compared to Quarter Ended March 31, 2004
---------------------------------------------------------------------

Technology Visions has not had any revenues since inception (January 1, 1995)
through March 31, 2005. Accordingly, Technology Visions has, and continues to
be, a development-stage company. With any development-stage company of this
nature, there are inherent risks, which may prohibit Technology Visions from
reaching commercial viability. As with the development of any new technology,
until a commercial product has been developed, purchased, and utilized by a
third party, the efficacy of the product is in question and Technology Visions
will continue to incur losses. Until completion of the final development of a
technology and the commencement of sales, we will have no operating revenues but
will continue to incur substantial expenses.

Research and development costs were $0, for the quarters ended March 31, 2005
and 2004. No research projects were underway during the current quarter. Volume
II of the "Final Results Report, In Situ Grout Technology for Application in
Buried Transuranic Waste Sites," was published in April 2003 by INEEL. Once we
received this report, it was determined that all the initial and intermediate
testing and evaluation of its GMENT technology at the Idaho Falls site had been
completed. Confirmation of the test results using surrogate waste have been
confirmed utilizing actual radioactive waste. Therefore, there have been no
expenditures during the three months ended March 31, 2005 and 2004 for research
and development. From inception, research and development costs were $685,507.
These costs have been recorded as net of reimbursements from subcontractors.

General and administrative expenses were $156,818 in the current quarter
compared to $122,938 in the comparable period last year. The increase is mainly
due to an increase in consulting fees and legal fees from the proposed merger.
Included in these amounts are salaries accrued for two officers in the amount of
$75,000 for both periods, under the terms of their employment contracts. From
inception, general and administrative expenses were $7,858,852 and the
compensatory element of stock and stock options was $2,291,166.

As with the development of any new technology, until a commercial product has
been developed, purchased, and utilized by a third party, the efficacy of the
product is in question and Technology Visions will continue to incur losses.
Until completion of the final development of a technology and the commencement
of sales, Technology Visions will have no operating revenues but will continue
to incur substantial expenses.

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

The Company continues to incur operating losses as a result of being a
development-stage company. The Company had cash of approximately $16,185 at
March 31, 2005.

For the three months ended March 31, 2005 and 2004, Technology Visions incurred
net losses of $165,458 and $158,030, respectively. As of March 31, 2005, the
Company had a stockholders' deficiency and a working capital deficiency of
approximately $2,012,045 and $2,024,234, respectively. The Company is in arrears
with certain of its payables and accrued liabilities. The Company requires
additional funds to move into the marketing and commercialization of its
technologies. From inception (January 1, 1995), Technology Visions has incurred
net losses of $12,033,834. The report of Technology Visions' independent
certified public accountants on the Company's December 31, 2004 financial
statements notes that Technology Visions is a development-stage company with no
revenues from its intended operations, has recurring losses and has a working
capital deficiency and stockholders' deficiency at December 31, 20034 and these
conditions raise substantial doubt about Technology Vision's ability to continue
as a going concern.

Net cash used by operating activities was $73,903 compared to $63,335 for the
three months ended March 31, 2005 and 2004, respectively, for a increase of
$10,568.

During the three months ended March 31, 2005 and 2004, $8,248 and $644 was used
in investing activities for the purchase of new computer equipment and
furniture.

                                       18

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)

Net cash provided by financing activities was $0 for the current three months
compared to $105,000 for the comparable period last year. Due to the pending
merger with Sutura, no capital stock transactions or financing was completed
during the quarter ended March 31, 2005. During the quarter ended March 31,
2004, $30,000 was received from the sale of stock and $80,000 from the stock
purchase agreement with Fusion Capital and notes payable used $5,000.

To date, Technology Visions has funded its operations from the private sales of
common stock or notes, and personal loans or investments from officers of the
Company, most of which have been or will be converted into common stock. These
sales have been able to fund only minimal operations and technological
developments.

Technology Visions is exploring additional sources of working capital including
borrowing, sales of securities, joint ventures and licensing of technologies.
Management believes that Technology Visions can raise adequate capital to keep
the Company functioning at a minimum level of operation in the next fiscal year.
However, there can be no assurances that management will be successful in
obtaining adequate funding to complete development of its technology or that if
any technology is fully developed, it can be manufactured on a large-scale basis
or at a feasible cost. Further, no assurance can be given that any technology
will receive market acceptance.

The Company has no current commitments for capital expenditures or additional
equity or debt financing.

ITEM 3.  CONTROLS AND PROCEDURES

(a) As of the end of the period covered by this report, the Chief Executive
Officer and the Chief Financial Officer made an evaluation of the company's
disclosure controls and procedures (as defined in ss.240.13a-15(e) or
240.15d-15(e) of the Securities Exchange Act). Based on the evaluation of these
controls and procedures required by paragraph (b) of Rule 13a-15 or 15d-15 under
the Exchange Act, in their opinion, the disclosure controls and procedures are
effective.

(b) During the most recent fiscal year, there have not been any significant
changes in our internal controls over financial reporting or in other factors
that have materially affected, or are reasonably likely to materially affect,
our internal controls over financial reporting.


                                       19

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)


PART II: OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

                 None

ITEM 2.  CHANGES IN SECURITIES

                 None

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

                 None

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

                 None

ITEM 5.  OTHER INFORMATION

                 None

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

             (a) Exhibits


(3.1)       Articles of Incorporation. (1)
(3.2)       Certificate of Amendment to Articles of Incorporation. (3)
(3.3)       Amended and Restated By-laws. (1)
(4.1)       Form of Common Stock Certificate of Orbit Technologies, Inc. (1)
(4.2)       Certificate of Determination of the Rights and Preferences of
            Preferred Stock of Orbit Technologies, Inc.(1)
(10.9)      2002 Non-Qualified Stock Option Plan (2)
(10.10)     Employment Agreement with James B. Lahey(5)
(10.11)     Employment Agreement with James A. Giansiracusa(5)
(10.12)     Trademark License and Technology Agreement with Advanced Grout
            Systems, Ltd (3)
(10.13)     Fee Agreement for Professional Services with Richard O. Weed (2)(4)
(14.1)      Code of Ethics for the Board of Directors (6)
(14.2)      Code of Ethics for Executive Officers (6)
(31.1)      Certification of the Chief Executive Officer of Technology Visions
            Group, Inc. pursuant to Section 302 of the Sarbanes-Oxley Act of
            2002
(31.2)      Certification of the Chief Financial Officer of Technology Visions
            Group, Inc. pursuant to Section 302 of the Sarbanes-Oxley Act of
            2002
(32.1)      Certification of the Chief Executive Officer and Chief Financial
            Officer of Technology Visions Group, Inc. pursuant to Section 906 of
            the Sarbanes Oxley Act of 2002

Note: Certain previously filed exhibits are no longer being incorporated by
reference (and therefore not numerically listed) as the underlying documents
have either expired or are no longer material or relevant.

(1)    Previously filed as part of the Form 10-SB filed in May 1995 and
       amendments thereto which are hereby incorporated by reference.

(2)    Previously filed as an exhibit to Technology Visions' Form S-8 filed
       February 22, 2002 (File No. 333-83192)

(3)    Previously filed as part of the Form 10-KSB for the Period Ending
       December 31, 2001.

(4)    Previously filed as an exhibit to Technology Visions' Form S-8 filed
       November 1, 2000 (File No. 333-49220)

(5)    Previously filed as part of the Form 10-KSB for the Period Ending
       December 31, 2002.

(6)    Previously filed as part of the Form 10-KSB for the Period ending
       December 31, 2003.


         (b) Reports on Form 8-K

                 None

                                       20

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2005 (Unaudited)



                                   SIGNATURES

In accordance with the requirements of the Securities Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                                     TECHNOLOGY VISIONS GROUP, INC.
                                     ------------------------------
                                              Registrant



Date: May __, 2005                   By: /s/ James B. Lahey
                                         ---------------------------------------
                                         James B. Lahey, Chief Executive Officer
                                         Chairman of the Board of Directors

Date: May __, 2005                   By: /s/  James A. Giansiracusa
                                         ---------------------------------------
                                         James A. Giansiracusa, Secretary
                                         Chief Financial Officer



                                       21