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|  Colorado                                                             |  27-0463459                        |
|----------------------------------------------------------------------------|-----------------------------------------|
|  (State or other jurisdiction of incorporation or organization)  |  (IRS Employer Identification No.) |

|   | Large Accredited Filer | [   ] | Accelerated Filer         | [   ] |
|--------|------------------------|----------------------|---------------------------|----------------------|
|   |                   |                 |                      |                 |
|   | Non-Accredited Filer   | [   ] | Smaller Reporting Company | [X]                  |

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|                                                 | Page                        |
|------------------------------------------------------|-----------------------------|
|                                                 |                        |
| Financial Statements                                 |                        |
|                                                 |                        |
| Balance Sheets                                       | F−1                   |
|                                                 |                        |
| Statements of Operations                             | F−2                   |
|                                                 |                        |
| Statements of Changes in Stockholder’s Deficit | F−3                   |
|                                                 |                        |
| Statements of Cash Flows                             | F−4                   |
|                                                 |                        |
| Notes to Financial Statements                        | F−5 − F−7 |

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| JAG MEDIA GROUP, INC.(A Development Stage Enterprise)BALANCE SHEETS |
|---------------------------------------------------------------------|

|                                                                  |   | As of March 31, 2010 |    |   | As of December 31, 2009 |   |
|-----------------------------------------------------------------------|--------|----------------------|---------|--------|-------------------------|--------|
|                                                                  |   | (Unaudited)          |    |   |                    |   |
|                                                                  |   |                 |    |   |                    |   |
| ASSETS                                                                |   |                 |    |   |                    |   |
|                                                                  |   |                 |    |   |                    |   |
|  Total Assets                                                    |   | $                    | 0       |   |                    | $      | 0 |   |
|                                                                  |   |                 |    |   |                    |   |   |   |
| LIABILITIES AND STOCKHOLDER'S DEFICIT                                 |   |                 |    |   |                    |   |   |   |
|                                                                  |   |                 |    |   |                    |   |   |   |
| Accounts Payable                                                      |   | $                    | 310     |   |                    | $      | 0 |   |
| Due to Stockholder                                                    |   |                 | 16,871  |   |                    |   | 14,498 |   |
| Total Liabilities (All Current)                                       |   | $                    | 17,181  |   |                    | $      | 14,498 |   |
|                                                                  |   |                 |    |   |                    |   |   |   |
| Stockholder's Deficit                                                 |   |                 |    |   |                    |   |   |   |
| Preferred stock, $.001 par value,                                     |   |                 |    |   |                    |   |   |   |
|  20,000,000 shares authorized, -0- shares issued and outstanding |   |                 | 0       |   |                    |   | 0 |   |
| Common stock, $.001 par value,                                        |   |                 |    |   |                    |   |   |   |
|  100,000,000 shares authorized, 5,000,000 shares                 |   |                 | 5,000   |   |                    |   | 5,000 |   |
|  issued and outstanding                                          |   |                 |    |   |                    |   |   |   |
| Additional paid in capital                                            |   |                 | 0       |   |                    |   | 0 |   |
| Accumulated Deficit                                                   |   |                 | (22,181 | )      |                    |   | (19,498 | ) |
|                                                                  |   |                 |    |   |                    |   |   |   |
|  Total Stockholder's Deficit                                     |   |                 | (17,181 | )      |                    |   | (14,498 | ) |
|                                                                  |   |                 |    |   |                    |   |   |   |
|                                                                  |   |                 |    |   |                    |   |   |   |
|                                                                  |   |                 |    |   |                    |   |   |   |
| Total Liabilities and Stockholder’s Deficit                     |   | $                    | 0       |   |                    | $      | 0 |   |

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|  JAG MEDIA GROUP, INC.(A Development Stage Enterprise)STATEMENTS OF OPERATIONS(Unaudited) |
|------------------------------------------------------------------------------------------------|

|                                                    |   |  For theThree months endedMarch 31, 2010 |            |    |  For theThree months endedMarch 31, 2009 |   |                  | For the period  February 16, 2007 (Inception) through March 31, 2010 |   |
|---------------------------------------------------------|--------|----------------------------------------------------|-----------------|---------|----------------------------------------------------|--------|-----------------------|------------------------------------------------------------------------------------------|--------|
|                                                    |   |                                               |            |    |                                               |   |                  |                                                                                     |   |
| Revenue                                                 |   | $                                                  | -               |    |                                               | $      | -                     |                                                                                     |   | $ | - |   |
| Operating Expenses                                      |   |                                               | -               |    |                                               |   | -                     |                                                                                     |   |   |   |   |
| General and Administrative                              |   |                                               | 2,683           |    |                                               |   | 2,485                 |                                                                                     |   |   | 22,181 |   |
| Total Operating Expenses                                |   | $                                                  | 2,683           |    |                                               | $      | 2,485                 |                                                                                     |   | $ | 22,181 |   |
|                                                    |   |                                               |            |    |                                               |   |                  |                                                                                     |   |   |   |   |
| Net Loss                                                |   |                                               | (2,683          | )       |                                               |   | (2,485                | )                                                                                        |   |   | (22,181 | ) |
| Basic and diluted income (loss)per share                |   | $                                                  | (0.00           | )  |                                               | $      | (0.00                 | )                                                                                   |   | $ | (0.00 | ) |
| Weighted average shares outstanding (basic and diluted) |   |                                               |  5,000,000 |    |                                               |   |   5,000,000 |                                                                                     |   |   | 5,000,000 |   |

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|  JAG MEDIA GROUP, INC.(A Development Stage Enterprise)STATEMENTS OF CHANGES IN STOCKHOLDER’S DEFICITFor the period from February 16, 2007 (Inception) to March 31, 2010(Unaudited) |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                       |   | Common Stock |            |   |      |    |        |                            |   |    |                            |   |   |         |    |
|------------------------------------------------------------|--------|--------------|-----------------|--------|-----------|---------|-------------|---------------------------------|--------|---------|---------------------------------|--------|--------|--------------|---------|
|                                                       |   | Shares       |            |   |  Par |    |        |  AdditionalPaid-in Capital |   |    |  Accumulated Deficit  |   |   |  Totals |    |
| Issuance of Common Stock                                   |   |         |            |   |      |    |        |                            |   |    |                            |   |   |         |    |
| Balance at February 16, 2007                               |   |         | 0               |   |      | $       | 0           |                            |   | $       | 0                               |   |   | $            | 0       |   |   | $ | 0 |   |
|                                                       |   |         |            |   |      |    |        |                            |   |    |                            |   |   |         |    |   |   |   |   |   |
| Shares issued in Lieu of Services, February 16, 2007  |   |         | 5,000,000       |   |      | $  | 5,000       |                            |   | $  | 0                          |   |   | $       | 0       |   |   | $  | 5,000 |   |
|                                                       |   |         |            |   |      |    |        |                            |   |    |                            |   |   |         |    |   |   |   |   |   |
| Net Loss                                                   |   |         |            |   |      |    |        |                            |   |    |                            |   |   | $            | (5,955  | ) |   | $ | (5,955 | ) |
|                                                       |   |         |            |   |      |    |        |                            |   |    |                            |   |   |         |    |   |   |   |   |   |
| Balance at December 31, 2007                               |   |         | 5,000,000       |   |      | $       | 5,000       |                            |   | $       | 0                               |   |   | $            | (5,955  | ) |   | $ | (955 | ) |
|                                                       |   |         |            |   |      |    |        |                            |   |    |                            |   |   |         |    |   |   |   |   |   |
| Net Loss                                                   |   |         |            |   |      |    |        |                            |   |    |                            |   |   | $            | (6,243  | ) |   | $ | (6,243 | ) |
|                                                       |   |         |            |   |      |    |        |                            |   |    |                            |   |   |         |    |   |   |   |   |   |
| Balance at December 31, 2008                               |   |         | 5,000,000       |   |      | $       | 5,000       |                            |   | $       | 0                               |   |   | $            | (12,198 | ) |   | $ | (7,198 | ) |
|                                                       |   |         |            |   |      |    |        |                            |   |    |                            |   |   |         |    |   |   |   |   |   |
| Net Loss                                                   |   |         |            |   |      |    |        |                            |   |    |                            |   |   | $            | (7,300  | ) |   | $ | (7,300 | ) |
|                                                       |   |         |            |   |      |    |        |                            |   |    |                            |   |   |         |    |   |   |   |   |   |
| Balance at December 31, 2009                               |   |         | 5,000,000       |   |      | $       | 5,000       |                            |   | $       | 0                               |   |   | $            | (19,498 | ) |   | $ | (14,498 | ) |
|                                                       |   |         |            |   |      |    |        |                            |   |    |                            |   |   |         |    |   |   |   |   |   |
|  Net Loss                                             |   |         |            |   |      |    |        |                            |   |    |                            |   |   | $            | (2,683  | ) |   | $ |  (2,683 | )  |
|                                                       |   |         |            |   |      |    |        |                            |   |    |                            |   |   |         |    |   |   |   |   |   |
| Balance at March 31, 2020                                  |   |         |  5,000,000 |   |      | $       |  5,000 |                            |   | $       |  0                         |   |   | $            | (22,181 | ) |   | $ | (17,181 | ) |

|  The accompanying notes are an integral part of these financial statements |
|---------------------------------------------------------------------------------|

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| JAG MEDIA GROUP, INC.(A Development Stage Enterprise)STATEMENTS OF CASH FLOWS(Unaudited) |
|------------------------------------------------------------------------------------------|

|                                       |   | For the three months ended March 31, 2010 |   |   | For the three months ended March 31, 2009 |   |   | For the periodFebruary 16, 2007(Inception) throughMarch 31, 2010 |   |
|--------------------------------------------|--------|-------------------------------------------|--------|--------|------------------------------------------------|--------|--------|------------------------------------------------------------------|--------|
|                                       |   |                                      |   |   |                                           |   |   |                                                             |   |
| Cash flows from operating activities       |   |                                      |   |   |                                           |   |   |                                                             |   |
| Net Loss                                   |   | $                                         | (2,683 | )      |                                           | $      | (2,485 | )                                                                |   | $ | (22,181 | ) |
| Shares issued in lieu of services          |   |                                      | -      |   |                                           |   | -      |                                                             |   |   | 5,000 |   |
| Increase in Accounts Payable               |   |                                      | 310    |   |                                           |   | 985    |                                                             |   |   | 310 |   |
| Increase in Stockholder Advances           |   |                                      | 2,373  |   |                                           |   | 1,500  |                                                             |   |   | 16,871 |   |
|  Cash flows from operating activities |   |                                      | -0-    |   |                                           |   | -0-    |                                                             |   |   | -0- |   |
|                                       |   |                                      |   |   |                                           |   |   |                                                             |   |   |   |   |
| Net increase in cash                       |   |                                      | -      |   |                                           |   | -      |                                                             |   |   | - |   |
|                                       |   |                                      |   |   |                                           |   |   |                                                             |   |   |   |   |
| Cash, beginning of period                  |   |                                      | -      |   |                                           |   | -      |                                                             |   |   | - |   |
|                                       |   |                                      |   |   |                                           |   |   |                                                             |   |   |   |   |
| Cash, end of period                        |   | $                                         | -      |   |                                           | $      | -      |                                                             |   | $ | - |   |
|                                       |   |                                      |   |   |                                           |   |   |                                                             |   |   |   |   |
| SUPPLEMENTAL CASH FLOW INFORMATION:        |   |                                      |   |   |                                           |   |   |                                                             |   |   |   |   |
| Interest paid                              |   |                                      | -      |   |                                           |   | -      |                                                             |   |   | - |   |
| Income taxes paid                          |   |                                      | -      |   |                                           |   | -      |                                                             |   |   | - |   |

|  The accompanying notes are an integral part of these financial statements |
|---------------------------------------------------------------------------------|

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| JAG MEDIA GROUP, INC.(A Development Stage Enterprise)NOTES TO INTERIM AND UNAUDITED FINANCIAL STATEMENTSMarch 31, 2010 |
|------------------------------------------------------------------------------------------------------------------------|

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|   | · | Reliance upon independent financial reporting consultants for review of critical accounting     areas and disclosures and material non-standard transaction. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Lack of sufficient accounting staff which results in a lack of segregation of duties necessary for a good system of internal control. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|

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|   |   |                                                                      |
|--------|--------|---------------------------------------------------------------------------|
| 31.1   |   |  Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002 |
|   |   |                                                                      |
| 32.1   |   |  Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002 |

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