UNITED STATES
SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 10-Q

(Mark One)

|                                             |                                                                                           
|-------------------------------------------- | ------------------------------------------------------------------------------------------
|x                                            | QUARTERLY REPORT PURSUANT
  TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 
|                                             |                                                                                           
|For the quarterly period ended June 30, 2009
|                                            
|or                                          
|                                             |                                                                                           
|o                                            | TRANSITION REPORT PURSUANT
  TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________________ to ______________

Commission File 0-53491

|                                                        
|--------------------------------------------------------
|THE PARKVIEW GROUP, INC.                                
|                                                        
|(Exact
  name of registrant as specified in its charter)

|                                  |  |                      
|--------------------------------- |  | ---------------------
|Delaware                          |  | 65-0918608           
|                                  |  |                      
|(State
  or other jurisdiction of |  | (I.R.S.
  Employer   
|Incorporation
  or Organization)  |  | Identification
  No.)

|                                                       |             
|------------------------------------------------------ | ------------
|21301
  Powerline Road, Suite 103, Boca Raton, Florida | 33433       
|                                                       |             
|(Address
  of principal executive offices)             | (Zip
  Code)

Registrants telephone number, including area code: (561) 789-4162

Securities registered pursuant to Section 12(b) of the Act:

|                      |  |                               
|--------------------- |  | ------------------------------
|                      |  | Name
  of each                
|Title
  of each class |  | Exchange
  on which registered
|                      |  |                               
|None                  |  | None                          

| |                                                                                      | 
| | ------------------------------------------------------------------------------------ | 
| | Not
  Applicable                                                                     | 
| |                                                                                      | 
| | (Former
  name, former address and former fiscal year, if changed since last report) | 

Indicate by check mark
whether the registrant (1) has filed all reports 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 such filing requirements for the past 90 days.
                   
                   
                   
                   
         
Yes x     No o

Indicate by check mark
whether the registrant has submitted electronically and posted on its corporate
Web site, if any, every Interactive Data File required to be submitted and
posted pursuant to Rule 405 of Regulation S-T (Sec. 232.405 of this chapter)
during the preceding 12 months (or for such shorter period that the registrant was
required to submit and post such files         Yes o     No x

Indicate by check mark
whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer or a smaller reporting company. See definitions of large
accelerated filer, accelerated filer and smaller reporting company in Rule
12b-2 of the Exchange Act.:

|                          |   |                           |  
|------------------------- | - | ------------------------- | -
|Large
  accelerated filer | o | Accelerated filer         | o
|Non-accelerated
  filer   | o | Smaller reporting company | x

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

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

Indicate by check mark
whether the registrant has filed all documents and reports required to be filed
by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent
to the distribution of securities under a plan confirmed by a court.      Yes o     No o

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of
shares outstanding of each the issuers classes of common stock, as of the
latest practical date:

The number of shares of the
registrants Common Stock outstanding as of July 31, 2009 was 1,531,200.

At present, there is no
trading market in our Common Stock. Accordingly, the aggregate market value of
the voting Common Stock held by non-affiliates of the registrant cannot be
calculated at this time. On July 31st 2009 there were 356,200 shares
of our Common Stock, par value $.001, held by non-affiliates.

---



THE PARKVIEW GROUP, INC. 
AND SUBSIDIARY

Table of Contents

|           |           |                                                                                         |  |     
|---------- | --------- | --------------------------------------------------------------------------------------- |  | ----
|           |           |                                                                                         |  | Page
|           |           |                                                                                         |  |     
|PART I     |           | Financial
Information                                                                   |  | 3   
|           |           |                                                                                         |  |     
|           | Item 1.   | Financial Statements                                                                    |  | 3   
|           |           |                                                                                         |  |     
|           |           | Balance
Sheets                                                                          |  | 3   
|           |           |                                                                                        
|           |           | Statements of
Operations                                                                |  | 4-5 
|           |           |                                                                                        
|           |           | Statements of Cash
Flows                                                                |  | 6   
|           |           |                                                                                        
|           |           | Notes to Financial
  Statements                                                         |  | 7-9 
|           |           |                                                                                         |  |     
|           | Item 2.   | Managements Discussion And Analysis of
Financial
  Condition And Results Of Operations |  | 10  
|           |           |                                                                                         |  |     
|           | Item 3.   | Qualitative and Quantitative Disclosures About Market
  Risk                            |  | 12  
|           |           |                                                                                         |  |     
|           | Item 4T.  | Controls And Procedures                                                                 |  | 12  
|           |           |                                                                                         |  |     
|PART II    |           | Other Information                                                                       |  | 12  
|           |           |                                                                                         |  |     
|           | Item 1.   | Legal Proceedings                                                                       |  | 12  
|           |           |                                                                                         |  |     
|           | Item 1.A. | Risk Factors                                                                            |  | 12  
|           |           |                                                                                         |  |     
|           | Item 2.   | Unregistered Sales Of Equity Securities And Use Of
  Proceeds                           |  | 12  
|           |           |                                                                                         |  |     
|           | Item 3.   | Defaults Upon Senior Securities                                                         |  | 13  
|           |           |                                                                                         |  |     
|           | Item 4.   | Submission Of Matters To A Vote Of Securities
holders                                   |  | 13  
|           |           |                                                                                         |  |     
|           | Item 5.   | Other Information                                                                       |  | 13  
|           |           |                                                                                         |  |     
|           | Item 6.   | Exhibits                                                                                |  | 13  
|           |           |                                                                                         |  |     
|Signatures |           |                                                                                         |  | 14  

2

---



PART I 
FINANCIAL INFORMATION

|        |                       
|------- | ----------------------
|Item 1. | FINANCIAL
  STATEMENTS

THE PARKVIEW GROUP, INC. AND SUBSIDIARY 
(A DEVELOPMENT STAGE COMPANY) 
CONDENSED CONSOLIDATED BALANCE SHEETS

|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | ------------------------------ | ------- | -------------------------------- | - | ------- | -
|                                                                                                                                                                   |  | (UNAUDITED)
  JUNE 30, 
  2009 |         | (AUDITED)
  DECEMBER 31, 
  2008 |  
|                                                                                                                                                                   |  |                                |         |                                  |  
|ASSETS                                                                                                                                                             |  |                                |         |                                  |   |         |  
|CURRENT ASSETS:                                                                                                                                                    |  |                                |         |                                  |   |         |  
|Cash                                                                                                                                                               |  | $                              | 1,575   |                                  | $ | 19,920  |  
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|PROPERTY AND EQUIPMENT
  Net of Allowance for Depreciation of $453 in 2009 and $283 in 2008                                                                       |  |                                | 1,243   |                                  |   | 1,413   |  
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|TOTAL ASSETS                                                                                                                                                       |  | $                              | 2,818   |                                  | $ | 21,333  |  
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|LIABILITIES AND SHAREHOLDERS (DEFICIENCY)
EQUITY                                                                                                                  |  |                                |         |                                  |   |         |  
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|CURRENT LIABILITIES:                                                                                                                                               |  |                                |         |                                  |   |         |  
|Accounts Payable and Accrued Expenses                                                                                                                              |  | $                              | 21,010  |                                  | $ | 8,197   |  
|Shareholders Loans                                                                                                                                                |  |                                | 4,000   |                                  |   |        |  
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|TOTAL CURRENT LIABILITIES                                                                                                                                          |  |                                | 25,010  |                                  |   | 8,197   |  
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|SHAREHOLDERS (DEFICIENCY) EQUITY:                                                                                                                                 |  |                                |         |                                  |   |         |  
|Common Stock - $.001 Par Value; 20,000,000
  Shares Authorized; 1,431,200 Shares Issued and Outstanding in 2009; 1,421,200
  Shares Issued and Outstanding in 2008 |  |                                | 1,431   |                                  |   | 1,421   |  
|Additional Paid-In Capital                                                                                                                                         |  |                                | 94,629  |                                  |   | 89,639  |  
|(Deficit) Accumulated Prior to Development
  Stage                                                                                                                 |  |                                | (43,646 | )                                |   | (43,646 | )
|(Deficit) Accumulated During the
  Development Stage                                                                                                               |  |                                | (74,606 | )                                |   | (34,278 | )
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|TOTAL SHAREHOLDERS (DEFICIENCY)
EQUITY                                                                                                                            |  |                                | (22,192 | )                                |   | 13,136  |  
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  
|TOTAL LIABILITIES AND SHAREHOLDERS
  (DEFICIENCY) EQUITY                                                                                                          |  | $                              | 2,818   |                                  | $ | 21,333  |  
|                                                                                                                                                                   |  |                                |         |                                  |   |         |  

See
accompanying notes to financial statements.

3

---



THE PARKVIEW GROUP, INC. AND SUBSIDIARY 
(A DEVELOPMENT STAGE COMPANY) 
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 
(UNAUDITED)

|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  
|------------------------------------------------------------------------- |  | --------------------- | --------- | ------------------------------------- | - | ----------------- | - | - | --------- | -
|                                                                          |  |                       |           |                                       |   | Development Stage |  
|                                                                          |  |                       |           |                                       |   |                   |  
|                                                                          |  | For the Quarter Ended |           | January 1, 2007
  to 
  June 30, 2009 |  
|                                                                          |  |                       |           |                                      
|                                                                          |  | June 30,
  2009       |           | June 30,
  2008                       |   |                  
|                                                                          |  |                       |           |                                       |   |                   |  
|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  
|REVENUES                                                                  |  | $                     |          |                                       | $ |                  |   | $ |          |  
|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  
|GENERAL AND ADMINISTRATIVE EXPENSES                                       |  |                       | (13,190   | )                                     |   | (811              | ) |   | (92,902   | )
|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  
|REALIZED AND UNREALIZED GAINS AND (LOSSES)
  ON INVESTMENTS               |  |                       |          |                                       |   | (540              | ) |   | 18,296    |  
|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  
|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  
|(LOSS) BEFORE TAXES                                                       |  |                       | (13,190   | )                                     |   | (1,351            | ) |   | (74,606   | )
|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  
|PROVISION FOR INCOME TAXES                                                |  |                       |          |                                       |   |                  |   |   | 1,600     |  
|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  
|TAX BENEFIT OF NET OPERATING LOSS
  CARRYFORWARD                          |  |                       |          |                                       |   |                  |   |   | (1,600    | )
|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  
|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  
|NET (LOSS)                                                                |  | $                     | (13,190   | )                                     | $ | (1,351            | ) | $ | (74,606   | )
|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  
|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  
|NET (LOSS) PER SHARE:                                                     |  |                       |           |                                       |   |                   |   |   |           |  
|Basic and Diluted                                                         |  | $                     | (.01      | )                                     | $ | (.00              | ) | $ | (.04      | )
|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  
|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  
|WEIGHTED AVERAGE NUMBER OF COMMON SHARES
  OUTSTANDING BASIC AND DILUTED |  |                       | 1,423,211 |                                       |   | 2,551,322         |   |   | 2,131,110 |  
|                                                                          |  |                       |           |                                       |   |                   |   |   |           |  

See
accompanying notes to financial statements.

4

---



THE PARKVIEW GROUP, INC. AND SUBSIDIARY 
(A DEVELOPMENT STAGE COMPANY) 
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 
(UNAUDITED)

|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|------------------------------------------------------------------------- |  | ------------------------ | --------- | ------------------------------------ | - | ----------------- | - | - | --------- | -
|                                                                          |  |                          |           |                                      |   | Development Stage |  
|                                                                          |  |                          |           |                                      |   |                   |  
|                                                                          |  | For the Six Months Ended |           | January 1, 2007
  to
  June 30, 2009 |  
|                                                                          |  |                          |           |                                     
|                                                                          |  | June 30,                 |           | June 30,                             |   |                  
|                                                                          |  | 2009                     |           | 2008                                 |   |                  
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|REVENUES                                                                  |  | $                        |          |                                      | $ |                  |   | $ |          |  
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|GENERAL AND ADMINISTRATIVE EXPENSES                                       |  |                          | (40,328   | )                                    |   | (2,428            | ) |   | (92,902   | )
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|REALIZED AND UNREALIZED GAINS AND (LOSSES)
  ON INVESTMENTS               |  |                          |          |                                      |   | (121              | ) |   | 18,296    |  
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|(LOSS) BEFORE TAXES                                                       |  |                          | (40,328   | )                                    |   | (2,549            | ) |   | (74,606   | )
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|PROVISION FOR INCOME TAXES                                                |  |                          |          |                                      |   |                  |   |   | 1,600     |  
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|TAX BENEFIT OF NET OPERATING LOSS
  CARRYFORWARD                          |  |                          |          |                                      |   |                  |   |   | (1,600    | )
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|NET (LOSS)                                                                |  | $                        | (40,328   | )                                    | $ | (2,549            | ) | $ | (74,606   | )
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|NET (LOSS) PER SHARE:                                                     |  |                          |           |                                      |   |                   |   |   |           |  
|Basic and Diluted                                                         |  | $                        | (.03      | )                                    | $ | (.00              | ) | $ | (.04      | )
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  
|WEIGHTED AVERAGE NUMBER OF COMMON SHARES
  OUTSTANDING BASIC AND DILUTED |  |                          | 1,423,211 |                                      |   | 2,551,322         |   |   | 2,131,110 |  
|                                                                          |  |                          |           |                                      |   |                   |   |   |           |  

See
accompanying notes to financial statements.

5

---



THE PARKVIEW GROUP, INC. AND SUBSIDIARY 
(A DEVELOPMENT STAGE COMPANY) 
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 
(UNAUDITED)

|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|---------------------------------------------------------------------------- |  | ------------------------ | ------- | ------------------------------------- | - | ------- | - | - | ------- | -
|                                                                             |  |                          |         | Development Stage                     |  
|                                                                             |  |                          |         |                                       |  
|                                                                             |  | For the Six Months Ended |         | January 1, 2007
  to 
  June 30, 2009 |  
|                                                                             |  |                          |         |                                      
|                                                                             |  | June 30,
  2009          |         | June 30,
  2008                       |   |        
|                                                                             |  |                          |         |                                       |   |         |  
|CASH FLOWS FROM OPERATING ACTIVITIES:                                        |  |                          |         |                                       |   |         |   |   |         |  
|Net (Loss)                                                                   |  | $                        | (40,328 | )                                     | $ | (2,549  | ) | $ | (74,606 | )
|Adjustments to Reconcile Net (Loss) to
Net                                   |  |                          |         |                                       |   |         |   |   |         |  
|Cash (Used) by Operating Activities:                                         |  |                          |         |                                       |   |         |   |   |         |  
|Depreciation                                                                 |  |                          | 170     |                                       |   | 113     |   |   | 452     |  
|Realized and Unrealized Loss (Gain) on
  Investment in Marketable Securities |  |                          |        |                                       |   | 121     |   |   | (18,297 | )
|Changes in Operating Assets and
  Liabilities:                               |  |                          |         |                                       |   |         |   |   |         |  
|Accounts Payable and Accrued Expenses                                        |  |                          | 12,813  |                                       |   |        |   |   | 21,011  |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|NET CASH (USED BY OPERATING) ACTIVITIES                                      |  |                          | (27,345 | )                                     |   | (2,315  | ) |   | (71,440 | )
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|CASH FLOWS FROM FINANCING ACTIVITIES:                                        |  |                          |         |                                       |   |         |   |   |         |  
|Proceeds from Stock Issuance                                                 |  |                          | 5,000   |                                       |   | 17,000  |   |   | 62,300  |  
|Dividends Paid                                                               |  |                          |        |                                       |   | (53,540 | ) |   | (53,540 | )
|Stock Repurchases                                                            |  |                          |        |                                       |   | (2,000  | ) |   | (2,200  | )
|Proceeds from Sales of Marketable
  Securities                               |  |                          |        |                                       |   | 47,379  |   |   | 63,397  |  
|Shareholders Loans                                                          |  |                          | 4,000   |                                       |   |        |   |   | 4,000   |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|NET CASH PROVIDED BY FINANCING ACTIVITIES                                    |  |                          | 9,000   |                                       |   | 8,839   |   |   | 73,957  |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|CASH FLOWS FROM INVESTING ACTIVITIES:                                        |  |                          |         |                                       |   |         |   |   |         |  
|Property and Equipment Purchases                                             |  |                          |        |                                       |   | (1,696  | ) |   | (1,696  | )
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|NET CASH (USED) BY INVESTING ACTIVITIES                                      |  |                          |        |                                       |   | (1,696  | ) |   | (1,696  | )
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|NET INCREASE (DECREASE) IN CASH                                              |  |                          | (18,345 | )                                     |   | 4,828   |   |   | 821     |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|CASH Beginning of
  Period                                                  |  |                          | 19,920  |                                       |   | 12,000  |   |   | 754     |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|CASH End of Period                                                          |  | $                        | 1,575   |                                       | $ | 16,828  |   | $ | 1,575   |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|SUPPLEMENTAL CASH FLOW INFORMATION:                                          |  |                          |         |                                       |   |         |   |   |         |  
|Interest Paid                                                                |  | $                        |        |                                       | $ |        |   | $ |        |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  
|Taxes Paid                                                                   |  | $                        |        |                                       | $ |        |   | $ |        |  
|                                                                             |  |                          |         |                                       |   |         |   |   |         |  

See
accompanying notes to financial statements.

6

---



THE PARKVIEW GROUP, INC. AND SUBSIDIARY 
(A DEVELOPMENT STAGE COMPANY) 
NOTES TO CONDENSED FINANCIAL STATEMENTS

|         |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|-------- | ---------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|NOTE A - | BUSINESS AND ACCOUNTING POLICIES 
|         |                                   
|         | Business:                         
|         |                                    | The Parkview
  Group, Inc. (Parkview) was incorporated in the State of Delaware on April
  7, 1999. The Company conducts its management consulting business from its
  office in Boca Raton, Florida.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|         |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|         |                                    | Effective
  January 1, 2007, in addition to its consulting business, management decided
  to devote substantial efforts to raising capital through the sale of common
  stock to provide funding for activities, including those connected with its
  newly adopted line of business (marketing of assets for financially distressed
  companies) and, accordingly, Parkview is now classified as a development
  stage company.                                                                                                                                                                                                                                                                           
|         |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|         | Basis of Presentation:            
|         |                                    | The
  accompanying financial statements include the accounts of the Company and its
  wholly owned subsidiary, Distressed Assets Disposition Services, Inc. All
  intercompany balances and transactions have been eliminated in consolidation.                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|         |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|         |                                    | In the
  opinion of the Companys management, the accompanying unaudited condensed
  financial statements contain all adjustments (consisting of only normal
  recurring adjustments) necessary to present fairly the information set forth therein. These financial statements are condensed and therefore do not
  include all of the information and footnotes required by accounting
  principles generally accepted in the United States of America for complete
  financial statements.                                                                                                                                                                                                                
|         |                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|         | Going Concern:                    
|         |                                    | The Company
  has suffered recurring losses from operations and has no operating revenues
  in the two years and six months ended June 30, 2009, and has an accumulated
  deficit. These factors raise substantial doubt about the Companys ability to
  continue as a going concern. Management is presently seeking additional
  consulting engagements, implementing its newly adopted business plan of
  marketing assets for financially distressed companies and raising capital
  through borrowings and private equity investments. The accompanying financial
  statements have been prepared on the basis of a going concern, and do not
  reflect any adjustments from an alternative assumption.

7

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THE PARKVIEW GROUP, INC. AND SUBSIDIARY 
(A DEVELOPMENT STAGE COMPANY) 
NOTES TO CONDENSED FINANCIAL STATEMENTS

|         |                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|-------- | ------------------------------------------------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|NOTE A - | BUSINESS AND ACCOUNTING POLICIES  (continued) -
|         |                                                 
|         | Estimates:                                      
|         |                                                  | The
  presentation of financial statements in conformity with accounting principles
  generally accepted in the United States of America requires management to
  make estimates and assumptions that affect the reported amount of assets and
  liabilities and disclosure of contingent assets and liabilities at the date
  of the financial statements and the reported amount of revenues and expenses
  during the period. Actual results may differ from the estimates and
  assumptions used in preparing the financial statements.                                                                     
|         |                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|         | Property and Equipment:                         
|         |                                                  | Property and
  equipment is stated at cost less accumulated depreciation. Depreciation is
  accounted for on the straight line method based on estimated useful lives of
  the respective assets.                                                                                                                                                                                                                                                                                                                                                                                                               
|         |                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|         | Fair Values of Financial Instruments:           
|         |                                                  | The carrying
  amounts of the Companys financial instruments at June 30, 2009 and December
  31, 2008, approximate fair value.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|         |                                                 
|         | Income Taxes:                                   
|         |                                                  | Income taxes
  are determined based upon income and expenses recorded for financial
  reporting purposes. Deferred taxes are recorded for estimated future tax
  effects of differences between the bases of assets and liabilities for
  financial reporting and income tax purposes giving consideration to enacted
  tax laws. If available, evidence suggests that it is more likely than not
  that some portion or all of the deferred tax assets will not be realized, a
  valuation allowance is required to reduce the deferred tax assets to the
  amount that is more likely than not to be realized.
|         |                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|         | Earnings Per Share:                             
|         |                                                  | Basic
  earnings (loss) per share are computed by dividing income (loss) available to common shareholders by the weighted average number of shares outstanding
  during the period. Diluted earnings (loss) per share are similar to basic
  earnings (loss) per share except that the denominator is increased to include
  the number of additional common shares that would have been outstanding if
  potentially dilutive common shares had been issued. There were no potentially
  dilutive common shares outstanding during the periods presented.                                                      

8

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THE PARKVIEW GROUP, INC. AND SUBSIDIARY 
(A DEVELOPMENT STAGE COMPANY) 
NOTES TO CONDENSED FINANCIAL STATEMENTS

|         |                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                           
|-------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------
|NOTE B - | SHAREHOLDERS LOANS                                                                                                                                                                                                                                                                                                                                   
|         |                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                           
|         | On May 12,
  2009, certain shareholders, who are also corporate officers, made working
  capital advances to the Company bearing interest at 6%. The loans were repaid
  in July, 2009.                                                                                                                                                                
|         |                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                           
|NOTE C - | INCOME TAXES                                                                                                                                                                                                                                                                                                                                          
|         |                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                           
|         | As of June
  30, 2009, the Company has a net operating loss carryforward of approximately
  $96,000, which may be carried forward through the year 2029, to offset future
  taxable income. In addition, the Company has a net capital loss carryforward,
  of approximately $23,000, available to offset future capital gains through
  the year 2013.
|         |                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                           
|         | At June 30,
  2009, deferred tax assets of approximately $14,000 relating to the potential
  tax benefit of future tax deductions, were offset by a valuation allowance
  due to the uncertainty of their recognition.                                                                                                                                 
|         |                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                           
|NOTE D - | SUBSEQUENT EVENT -                                                                                                                                                                                                                                                                                                                                     
|         |                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                           
|         | In July
  2009, the Company sold 100,000 shares of common stock for a total amount of $50,000.                                                                                                                                                                                                                                                         
|         |                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                           
|NOTE E - | RELATED PARTY TRANSACTIONS                                                                                                                                                                                                                                                                                                                            
|         |                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                           
|         | Consulting and Other Fees:                                                                                                                                                                                                                                                                                                                             
|         |                                                                                                                                                                                                                                                                                                                                                         | Payments to
  shareholders for consulting and office administration expenses amounted to
  $800 and $1,206 in 2009 and 2008, respectively.

9

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|        |                                                                                        
|------- | ---------------------------------------------------------------------------------------
|ITEM 2. | MANAGEMENTS
  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Introduction

The
following discussion Managements Discussion and Analysis of Financial
Condition and Results of Operations contains forward looking statements. The
words anticipate, believe, expect, plan, intend, estimate,
project, will, could, may and similar expressions are intended to
identify forward looking statements. Such statements reflect our current views
with respect to future events and financial performance and involve risks and
uncertainties. Should one or more risks or uncertainties occur, or should
underlying assumptions prove incorrect, actual results may vary materially and
adversely from those anticipated, believed, expected, planned, intended,
estimated, projected or otherwise indicated. We caution you not to place undue
reliance on these forward looking statements, which we have made as of the date
of this Quarterly Report on Form 10-Q.

The
following is qualified by reference to, and should be read in conjunction with
our unaudited financial statements (Financial Statements), and the Notes
thereto, included elsewhere in this Form 10-Q, as well as the discussion here
under Managements Discussion and Analysis of Financial Condition and Results
of Operations.

Overview

Parkview
was unable to generate any revenues from operations since December 2006. Due to
that failure, the Company has been in the development stage since January 1,
2007. Its single three (3) year sales and marketing assistance contractual
relationship in effect in this reporting period has yet to produce any revenue
to the Company. Current operations efforts have not yet generated revenues and
further planned operations involving distressed asset activities have not yet
started. In its continuing development stage, the Company has focused most of
its time and efforts in planning, raising capital, developing marketing
strategies, and exploring potential commercial opportunities.

In
late July, 2009 however, we secured four (4) new client accounts for the
provision of our management consulting services to businesses engaged in
commercial loans marketing, manufacturing of storm shutters and shades, trading
in precious metals and providing medical solutions. In each case, we entered
into 12 month consulting agreements which provide for monthly, non-refundable
retainers and hourly billing for services as rendered, beginning on August 1st
2009. Under each agreement, we have undertaken the provision of consulting with
regard to matters including, but not limited to, the clients marketing plans,
negotiation of contracts, corporate financing and retention of legal,
accounting and other professional services.

Prior
to late July, 2009, Parkview had only one (1) consulting services agreement in
effect with an unrelated party, which has not yet generated any revenue. At
this point, the company has no employees other than its president, Richard B.
Frost, its vice president, Rebecca A. Lozano and its secretary and treasurer,
Bert L. Gusrae, each of whom is currently unsalaried. The Companys former
executive vice president and director, Mark J. Hanna, resigned from his
positions with the Company on July 15, 2009. We do not anticipate an ability to
hire additional employees during 2009, or until such earlier time that our
business activity may require and permit.

The
Company is continuing to seek and secure further revenue producing customer
relationships through the use of direct solicitation and networking efforts by
its officers and plans to place advertising in trade publications and
directories, to be identified and determined by management. Consideration is
being given as well, to the possible creation of a Parkview website describing
the Companys service offerings and soliciting consulting assignments. During future
months Parkview also intends to continue to strive to serve its current clients
coincident with its efforts to secure other, hopefully significant, revenue
producing customer relationships.

10

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Results of Operations

The
Company had no revenue, and expenses of approximately $13,190, in the three (3)
month period ended June30th 2009, as compared to no revenue and
expenses of approximately $811, in the comparable three (3) month period of
2008. The increase in expenses for the Second Quarter of 2009, in comparison
with the Second Quarter of 2008, was attributable to legal, accounting, and
filing costs incurred, in connection with the Companys preparation of its
Quarterly Report on Form 10-Q for the period ended June30th
2009.

The
Company had no revenue, and expenses of approximately $40,328, in the six (6)
month period ended June 30th 2009 as compared to no revenue and
expenses of approximately $2,428 in the comparable six (6) month period of
2008. The increase in expenses for the initial six (6) month period of 2009, in
comparison to the six (6) month period ended June 30th 2008 was
attributable to legal, accounting, and filing costs incurred, in connection
with preparation and filing of Companys Quarterly Reports on Form 10-Q for the
periods ended March 31st and June 30th 2009.

With
commencement of our four new client services agreements on August 1st,
2009, the Company anticipates commencement of receipt of revenues from
operations for the first time since December, 2006.

Other
than the current efforts of its officers to secure revenue producing customer
relationships and engagements for its consulting services, and commencement of
the four new consulting engagements secured in late July, 2009, the Company is
not presently aware of any other trends, events, or uncertainties that may
cause its long term lack of revenues or income to improve. If successful,
however, those management efforts will augment the Companys receipt of
revenues from operations and will have begun a new, positive trend, ending the
substantial hiatus since our receipt of revenues from consulting operations.
There is no present assurance though, that those efforts will be successful or
that the Companys poor revenues situation will not continue and if continued,
will likely erode the Companys current, poor financial condition. To date,
other than the acquisition of the four new client accounts, there has been no
material progress made in expanding the Companys business model.

Liquidity and Capital Resources

During
the six (6) month period ended June 30th2009, the Company
financed its operations through the use of proceeds from previous private
placement sales of its restricted Common Stock, in the absence of revenue
producing customer relationships. As of June 30th 2009, the Company had only
minimal cash in the amount of $1,575 and no capital reserves. We may consider
expansion through joint ventures, partnerships or strategic alliances but no
such business arrangement or relationship is currently under consideration. We
may be forced to borrow funds. No assurance can be given that funds will be
available to borrow, or if available, that they will be available on terms
favorable or acceptable to Parkview.

During
the period covered by this report, The Parkview Group, Inc. conducted no
revenue producing business operations and accordingly, generated no revenues.
We continue to devote our efforts to general business planning and identifying,
locating and developing consulting business opportunities.

Our
on-going lack of revenue producing operations in this reporting period raises
questions about our ability to continue as a going concern. Our financial
statements have been prepared using generally accepted accounting principles
applicable to a going concern, which contemplates the realization of assets and
liquidation of liabilities in the normal course of business. Our ability to
meet those obligations and continue as a going concern is dependent upon us
locating, identifying and securing additional revenue producing customer
relationships and engagements. There is no present assurance that we will be
able to continue as a going concern.

11

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|        |                                                             
|------- | ------------------------------------------------------------
|ITEM 3. | QUALITATIVE
  AND QUANTITATIVE DISCLOSURES ABOUT MARKET RISK

Not
applicable

|         |                          
|-------- | -------------------------
|ITEM 4T. | CONTROLS
  AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

As
of the date this report is filed, an evaluation was performed under the
supervision, and with the participation, of the Companys principal executive
officer and the Companys principal financial officer of the effectiveness of
the design and operation of the Companys disclosure controls and procedures
(as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange
Act) as of the end of the period covered by this report. In connection with our
registration statement on Form 10, initially filed on November 12, 2008, as
amended during the four (4) month period ended April 30th 2009, our
Annual Report on Form 10-K for the year ended December 31st 2008 and
our Quarterly Report on Form 10-Q for the period ended March 31st
2009, accounting work was completed, financial statements were prepared, and
audits and reviews were obtained. The current evaluation confirmed to the
Companys principal executive officer and the Companys principal financial
officer, as of the end of the period covered by this Quarterly Report on Form
10-Q, that the design and operation of the Companys disclosure controls and
procedure are effective as of the date of this report.

No Changes in Internal Control over Financial
Reporting

There
have been no changes in internal control over financial reporting.

PART II  OTHER INFORMATION

|        |                    
|------- | -------------------
|ITEM 1. | LEGAL
  PROCEEDINGS

None

|          |             
|--------- | ------------
|ITEM 1.A. | RISK FACTORS

See the risk factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2008.

|        |                                                              
|------- | -------------------------------------------------------------
|ITEM 2. | UNREGISTERED
  SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On
July 21, 2009, the Registrant completed the sale of 107,000 shares of
authorized, previously unissued Common Stock for aggregate cash proceeds of
$53,500 or $0.50 per share. The securities were purchased by four (4)
individual shareholders. There were no underwriting discounts or commissions
paid in the transactions. The proceeds received from the sales are being and
will be used as operating capital by the Company to cover its on-going costs
and expenses.

12

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Exemption from
the registration provisions of the Securities Act of 1933 for the four purchase
transactions described was claimed under Section 4(2) of the Securities Act of
1933, among others, on the basis that none of the transactions involved any
public offering and the purchasers were accredited investors having access to
the kind of information registration would provide. Appropriate investment
representations were obtained, and the securities were issued bearing restricted
securities legends and subject to stop-transfer instructions to the Companys
Transfer Agent.

|        |                                  
|------- | ---------------------------------
|ITEM 3. | DEFAULTS
  UPON SENIOR SECURITIES

None

|        |                                                        
|------- | -------------------------------------------------------
|ITEM 4. | SUBMISSION
  OF MATTERS TO A VOTE OF SECURITIES HOLDERS

None

|        |                    
|------- | -------------------
|ITEM 5. | OTHER
  INFORMATION

None

|        |         
|------- | --------
|ITEM 6. | EXHIBITS

|            |  |                                                                                                                                                                                         
|----------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit No. |  | Description                                                                                                                                                                             
|            |  |                                                                                                                                                                                         
|10.1        |  | Consulting Agreement with
  3GFI, LLC. Filed as an exhibit to the Companys Current Report on Form 8-K
  dated July 29,2009 and incorporated herein by reference.                       
|            |  |                                                                                                                                                                                         
|10.2        |  | Consulting Agreement with
  Wrol-Up Shutters & Shades, Inc. Filed as an exhibit to the Companys
  Current Report on Form 8-K dated July 29,2009 and incorporated herein by
  reference.
|            |  |                                                                                                                                                                                         
|10.3        |  | Consulting Agreement with
  Gold Vault Metals, Inc. Filed as an exhibit to the Companys Current Report
  on Form 8-K dated July 29,2009 and incorporated herein by reference.          
|            |  |                                                                                                                                                                                         
|10.4        |  | Consulting Agreement with
  Atlantic Medical Solutions, LLC. Filed as an exhibit to the Companys Current
  Report on Form 8-K dated July 29,2009 and incorporated herein by reference. 
|            |  |                                                                                                                                                                                         
|31.1        |  | Certification of Chief
  Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                   
|            |  |                                                                                                                                                                                         
|32.1        |  | Certification of the Chief
  Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act.                                                                                       

13

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SIGNATURES

Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

|                |  |                          |                                       
|--------------- |  | ------------------------ | --------------------------------------
|                |  | THE PARKVIEW GROUP, INC.
|                |  |                          |                                       
|August 10. 2009 |  | By:                      | /s/ Richard B. Frost                  
|                |  |                          |                                       
|                |  |                          | Richard B. Frost,
  President         
|                |  |                          | (Principal Executive
  Officer)       
|                |  |                          |                                       
|August 10, 2009 |  | By:                      | /s/ Bert L. Gusrae                    
|                |  |                          |                                       
|                |  |                          | Bert L. Gusrae, Secretary,
  Treasurer
|                |  |                          | (Principal Financial
  Officer)       

14

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