U.S. 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 SEPTEMBER 30, 2007


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

                         For the transition period from

                        Commission File No. _____________

                              JAG MEDIA GROUP, INC.
                 (Name of Small Business Issuer in its charter)

                      COLORADO
                      --------                              ----------------
           (State or other jurisdiction of               (I.R.S. employer
             incorporation or formation)                  identification number)

                         15851 Dallas Parkway, Suite 180
                              Addison, Texas 75001
               (Address of principal executive offices) (Zip Code)

                    Issuer's telephone number: (972) 450-5995
                    Issuer's facsimile number: (972) 450-5988

                                 FORMER ADDRESS
                             3755 Avocado Blvd, #229
                                La Mesa, CA 91941

                                   Copies to:
                              JAG MEDIA GROUP, INC.
                         15851 Dallas Parkway, Suite 180
                              Addison, Texas 75001

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act  during the  preceding  12 months (or for such
shorter period that the issuer was required to file such  reports),  and (2) has
been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

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

State the number of shares outstanding of each of the issuer's classes of common
equity, as of September 30, 2007: 5,000,000 shares of common stock.



<PAGE>


                              JAG MEDIA GROUP, INC.
--------------------------------------------------------------------------------
                              FINANCIAL STATEMENTS
                                   (Unaudited)

                               September 30, 2007
--------------------------------------------------------------------------------
                              JAG MEDIA GROUP, INC.
                        (A Development Stage Enterprise)
               INDEX TO INTERIM AND UNAUDITED FINANCIAL STATEMENTS
                               September 30, 2007
                                   (Unaudited)

                                                                          Page

Financial Statements

Balance Sheet                                                              F-1

Statements of Operations                                                   F-2

Statements of Stockholder's Equity                                         F-3

Statements of Cash Flows                                                   F-4


Notes to Financial Statements                                        F-5 - F-6

--------------------------------------------------------------------------------




<PAGE>


                              JAG MEDIA GROUP, INC.
                        (A Development Stage Enterprise)
                       INTERIM AND UNAUDITED BALANCE SHEET
                               SEPTEMBER 30, 2007

                                                                September 30,
                                                                     2007
                                                                 (Unaudited)
ASSETS

 Total assets                                                  $           --
                                                               ================

LIABILITIES AND STOCKHOLDER'S EQUITY

Commitment and contingencies                                   $           --
                                                               ================
Stockholder's equity                                                       --
Preferred stock, $.001 par value,
 authorized 20,000,000 shares, none issued
Common stock, $.001 par value,
 authorized 100,000,000 shares,                                           5,000
 5,000,000 issued and outstanding
Additional paid in capital                                                 --
Deficit accumulated during the development stage                         (5,000)


 Total stockholder's equity

                                                               ----------------

 Total liabilities and stockholder's equity                                --

                                                               ----------------
                                                                           --
                                                               ================

    The accompanying notes are an integral part of these financial statements

                                       F-1

<PAGE>


<TABLE>

<CAPTION>


                              JAG MEDIA GROUP, INC.
                        (A Development Stage Enterprise)
                 INTERIM AND UNAUDITED STATEMENTS OF OPERATIONS
                                   (Unaudited)


                                                                 For the
                                                               Three months        For the period
                                                                  ended            February 16, 2007
                                                               September 30,      (Inception) through
                                                                   2007           September 30, 2007
<S>                                                            <C>                <C>

INCOME

Revenue                                                         $            -     $             -
Expenses                                                        $            -     $             -
General and Administrative                                                   -     $          5,000
                                                                ---------------    ----------------
Total Expenses                                                  $            -     $        ($5,000)
Net Loss                                                                                     (5,000)
                                                                ---------------    ----------------
Net loss per share (basic and diluted)                          $                  $           (.00)
Weighted average shares outstanding (basic and diluted)               5,000,000           5,000,000
                                                                ---------------    ----------------

</TABLE>


The accompanying notes are an integral part of these financial statements

                                       F-2
<PAGE>

<TABLE>

<CAPTION>


                              JAG MEDIA GROUP, INC.
                        (A Development Stage Enterprise)
       INTERIM AND UNAUDITED STATEMENTS OF CHANGES IN STOCKHOLDER'S EQUITY
     For the period from February 16, 2007 (Inception) to September 30, 2007
                                   (Unaudited)





                                                                               ADDITIONAL
                                                       COMMON STOCK             PAID-IN         DEFICIT
                                                    Shares         Amount       CAPITAL       ACCUMULATED      TOTAL
                                               ----------------- ------------ ------------- ---------------- -------------
<S>                                            <C>               <C>          <C>           <C>              <C>

ISSUANCE OF COMMON STOCK
Balance 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                                                                                         ($5,000)      ($5,000)
Balance  September 30, 2007

                                                      5,000,000       $5,000    $        0       ($5,000)            0

</TABLE>


The accompanying notes are an integral part of these financial statements


                                       F-3



<PAGE>


                              JAG MEDIA GROUP, INC.
                        (a Development Stage Enterprise)
                 INTERIM AND UNAUDITED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                                    For the
                                                                    period
                                                                  February 16,
                                                                     2007
                                                                  (Inception)
                                                                    through
                                                                   September
                                                                    30, 2007

Cash flows from operating activities
Net Loss                                                         $     (5,000)
                                                                 ------------
Shares issued in lieu of Services                                       5,000

Cash flows used in operating activities                                   -0-
                                                                 ------------

Net increase in cash                                                       -

Cash, beginning of period                                                  -
                                                                 ------------

Cash, end of period                                              $         -

                                                                 ------------
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest                                                                   -
Income taxes                                                               -
                                                                 ------------


The accompanying notes are an integral part of these financial statements




                                       F-4

<PAGE>



                              JAG MEDIA GROUP, INC.
                        (A Development Stage Enterprise)
               NOTES TO INTERIM AND UNAUDITED FINANCIAL STATEMENTS
                               September 30, 2007

NOTE 1 - Organization and Significant Accounting Policies

Nature of Operations

Jag Media Group,  Inc. ("the Company") was incorporated in the State of Colorado
on February 16, 2007 and has been inactive since inception.  The company intends
to serve as a vehicle  to  effect  an asset  acquisition,  merger,  exchange  of
capital stock or other business combination with a domestic or foreign business.
It is currently in its development stage.

As a blank  check  company,  the  Company's  business  is to  pursue a  business
combination through acquisition,  or merger with, an existing company. As of the
date of the financial statements,  the Company has made no efforts to identify a
possible  business  combination.  As a result,  the  Company  has not  conducted
negotiations or entered into a letter of intent  concerning any target business.
No  assurances  can be given that the Company will be  successful in locating or
negotiating with any target company.

Since inception, the Company has been engaged in organizational efforts.

General

The accompanying  unaudited  financial  statements  include all adjustments of a
normal and recurring nature, which, in the opinion of Company's management,  are
necessary to present fairly the Company's financial position as of September 30,
2007,  the results of its  operations  for the three months ended  September 30,
2007, and from the date of inception  (February 16, 2007) through  September 30,
2007, and cash flows for the three months ended September 30, 2007, and from the
date of inception (February 16, 2007) through September 30, 2007.

Certain  information  and footnote  disclosures  normally  included in financial
statements prepared in accordance with generally accepted accounting  principles
have been omitted  pursuant to the rules and  regulations  of the Securities and
Exchange Commission.

The  results  of  operations  and cash  flows  for the  period  since  inception
(February 6, 2007) through September 30, 2007 are not necessarily  indicative of
the results to be expected for the full year's operation.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION - DEVELOPMENT STAGE COMPANY

The  Company  has not earned  any  revenue  from  operations.  Accordingly,  the
Company's  activities  have been accounted for as those of a "Development  Stage
Enterprise" as set forth in Financial Accounting Standards Board Statement No. 7
("SFAS 7").  Among the  disclosures  required  by SFAS 7 are that the  Company's
financial  statements be identified as those of a development stage company, and
that the statements of operations,  stockholders' equity and cash flows disclose
activity since the date of the Company's inception.

ACCOUNTING METHOD

The Company's  financial  statements  are prepared  using the accrual  method of
accounting. The Company has elected a fiscal year ending on December 31.

                                      F-5
<PAGE>



BASIC EARNINGS (LOSS) PER SHARE

In February  1997,  the FASB issued SFAS No. 128,  "Earnings  Per Share",  which
specifies the computation, presentation and disclosure requirements for earnings
(loss) per share for entities  with  publicly  held common  stock.  SFAS No. 128
supersedes the provisions of APB No. 15, and requires the  presentation of basic
earnings (loss) per share and diluted earnings (loss) per share. The Company has
adopted the provisions of SFAS No. 128.

Basic net loss per share  amounts is computed by dividing  the net income by the
weighted average number of common shares outstanding. Diluted earnings per share
are the same as basic  earnings  per share due to the lack of dilutive  items in
the Company.

IMPACT OF NEW ACCOUNTING STANDARDS

The  Company  does  not  expect  the  adoption  of  recently  issued  accounting
pronouncements  to  have a  significant  impact  on  the  Company's  results  of
operations, financial position, or cash flow.

NOTE 3 - GOING CONCERN

The Company's financial statements have been presented on the basis that it is a
going concern in the development  stage,  which  contemplates the realization of
assets and the satisfaction of liabilities in the normal course of business.  As
of the date of these  financial  statements,  the Company has made no efforts to
identify a possible business combination.

The Company's  shareholder shall fund the Company's activities while the Company
takes steps to locate and negotiate with a business entity through  acquisition,
or merger with, an existing  company;  however,  there can be no assurance these
activities will be successful.

NOTE 4 -  SHAREHOLDER'S EQUITY

On Februay 16, 2007, the Board of Directors  issued  5,000,000  shares of common
stock for $5,000 in services to the founding  shareholder of the Company to fund
organizational start-up costs.

The  stockholders'  equity section of the Company contains the following classes
of capital stock as of September 30, 2007:

   -   Common stock, $ 0.001 par value: 100,000,000 shares authorized;
       5,000,000 shares issued and outstanding;

   -   Preferred stock, $ 0.001 par value: 20,000,000 shares authorized; but
       not issued and outstanding.




                                       F-6

<PAGE>



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS
OF OPERATIONS PLAN OF OPERATION


The Company will attempt to locate and negotiate with a business  entity for the
combination  of that target  company  with the  Company.  The  combination  will
normally  take the form of a  merger,  stock-for-stock  exchange  or  stock-for-
assets  exchange  (the  "business  combination").  In most  instances the target
company  will wish to  structure  the  business  combination  to be  within  the
definition of a tax-free  reorganization under Section 351 or Section 368 of the
Internal  Revenue Code of 1986, as amended.  No assurances can be given that the
Company will be successful in locating or negotiating with any target business.

The Company has not  restricted  its search for any specific kind of businesses,
and it may acquire a business which is in its preliminary or development  stage,
which is already in operation, or in essentially any stage of its business life.
It is  impossible to predict the status of any business in which the Company may
become engaged, in that such business may need to seek additional  capital,  may
desire  to  have  its  shares  publicly  traded,  or may  seek  other  perceived
advantages which the Company may offer.

In implementing a structure for a particular business  acquisition,  the Company
may become a party to a merger, consolidation, reorganization, joint venture, or
licensing agreement with another corporation or entity.

It is anticipated  that any securities  issued in any such business  combination
would be issued in reliance upon exemption from  registration  under  applicable
federal  and  state  securities  laws.  In  some  circumstances,  however,  as a
negotiated element of its transaction,  the Company may agree to register all or
a part of such securities immediately after the transaction is consummated or at
specified times thereafter.  If such registration  occurs, it will be undertaken
by the  surviving  entity after the Company has entered into an agreement  for a
business combination or has consummated a business combination.  The issuance of
additional securities and their potential sale into any trading market which may
develop  in the  Company's  securities  may  depress  the  market  value  of the
Company's securities in the future if such a market develops,  of which there is
no assurance.  However, if the Company cannot effect a non-cash acquisition, the
Company may have to raise funds from a private  offering of its securities under
Rule 506 of  Regulation  D. There is no assurance  the Company  would obtain any
such equity funding.

The  Company  will  participate  in  a  business   combination  only  after  the
negotiation and execution of appropriate agreements.  Negotiations with a target
company  will likely  focus on the  percentage  of the Company  which the target
company shareholders would acquire in exchange for their shareholdings.
Although  the terms of such  agreements  cannot  be  predicted,  generally  such
agreements  will require certain  representations  and warranties of the parties
thereto,  will  specify  certain  events of  default,  will  detail the terms of
closing and the  conditions  which must be satisfied by the parties prior to and
after such closing and will  include  miscellaneous  other terms.  Any merger or
acquisition  effected  by the  Company  can be  expected  to have a  significant
dilutive  effect on the percentage of shares held by the Company's  shareholders
at such time.

RESULTS OF OPERATION

The Company did not have any  operating  income nor any costs  incurred  for the
three months ended September 30, 2007 and not have any operating income and only
$5,000 of general  administrative  costs incurred for the period since inception
(February 6, 2007) through September 30, 2007.

LIQUIDITY AND CAPITAL RESOURCES

At September 30, 2007,  the Company had no capital  resources and will rely upon
the  issuance  of  common  stock  and  additional  capital   contributions  from
shareholders to fund administrative expenses pending acquisition of an operating
company.



<PAGE>



Management  anticipates seeking out a target company through solicitation.  Such
solicitation  may include  newspaper  or magazine  advertisements,  mailings and
other  distributions  to  law  firms,   accounting  firms,  investment  bankers,
financial  advisors and similar  persons,  the use of one or more World Wide Web
sites and similar  methods.  No estimate can be made as to the number of persons
who will be contacted or solicited.  Management may engage in such  solicitation
directly  or may employ one or more other  entities to conduct or assist in such
solicitation.   Management  and  its  affiliates   will  pay  referral  fees  to
consultants  and others who refer  target  businesses  for  mergers  into public
companies in which management and its affiliates have an interest.  Payments are
made if a business  combination  occurs, and may consist of cash or a portion of
the stock in the Company retained by management and its affiliates, or both.

The Company and or shareholders  will supervise the search for target  companies
as  potential  candidates  for  a  business  combination.  The  Company  and  or
shareholders may pay as their own expenses any costs incurred in supervising the
search for a target  company.  The  Company and or  shareholders  may enter into
agreements with other consultants to assist in locating a target company and may
share stock  received by it or cash  resulting  from the sale of its  securities
with such other consultants.

ITEM 3. CONTROLS AND PROCEDURES

(a) Evaluation of disclosure controls and procedures.

Our Chief  Executive  Officer  and Chief  Financial  Officer  (collectively  the
"Certifying  Officers")  maintain a system of disclosure controls and procedures
that is designed to provide  reasonable  assurance  that  information,  which is
required to be disclosed,  is accumulated and communicated to management timely.
Under the supervision and with the  participation of management,  the Certifying
Officers  evaluated  the  effectiveness  of  the  design  and  operation  of our
disclosure  controls and  procedures  (as defined in Rule  [13a-14(c)/15d-14(c)]
under the Exchange  Act) within 90 days prior to the filing date of this report.
Based  upon  that  evaluation,   the  Certifying  Officers  concluded  that  our
disclosure  controls and  procedures  are  effective in timely  alerting them to
material  information  relative to our company  required to be  disclosed in our
periodic filings with the SEC.

(b) Changes in internal controls.

Our Certifying  Officer has indicated that there were no significant  changes in
our  internal  controls or other  factors that could  significantly  affect such
controls  subsequent  to the  date of his  evaluation,  and  there  were no such
control actions with regard to significant deficiencies and material weaknesses.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

The Company is currently  not a party to any pending  legal  proceedings  and no
such  action by or to the best of its  knowledge,  against  the Company has been
threatened.

Item 2. Changes in Securities.

         None

Item 3. Defaults Upon Senior Securities.

         None

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



<PAGE>

No matter was submitted during the quarter ending September 30, 2007, covered by
this report to a vote of the Company's shareholders, through the solicitation of
proxies or otherwise.

Item 5. Change in Control of Registrant

Walter Reed resigned as the Company President,  Chief Executive  Officer,  Chief
Financial Officer, Trerasurer and Secretary effective September 12, 2007.

Dean Elliott was  appointed as a member of the Board of Directors of the Company
and President effective September 12, 2007.

Michelle  Sheriff was  appointed  as a member of the Board of  Directors  of the
Company and Vice President and Secretary effective September 12, 2007.

Item 6. Other Information.

         None

Item 7. Exhibits and Reports of Form 8-K.

         (a) Exhibits

*3.1       Certificate of Incorporation, as filed with the Colorado Secretary of
           State on February 16, 2007.

*3.2       By-Laws

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

* Filed as an exhibit to the Company's  Registration Statement on Form 10-SB, as
filed  with the  Securities  and  Exchange  Commission  on March 24,  2007,  and
incorporated herein by this reference.

         (b) Reports of Form 8-K

On September  12, 2007 the Company  filed Form 8-K pursuant to a share  purchase
agreement  dated  September 5, 2007 where South Beach Live,  Inc.  purchased all
5,000,000  outstanding shares of JAGMEDIA GROUP, Inc. from Walter Reed, the sole
shareholder,  officer  and  director  of  the  Company  in  a  private  purchase
transaction.

SIGNATURES

In  accordance  with  Section 13 or 15(d) of the Exchange  Act,  the  registrant
caused  this  report to be signed on its behalf by the  undersigned,  there unto
duly authorized.

Dated: November 14, 2007

Jag Media Group, Inc.

By: /s/ Dean Elliott
-----------------------
        Dean Elliott
        President