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 September 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 October 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 October 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                                                                 |  |     
|        |          |                                                                                         |  |     
|        | 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                            |  | 11  
|        |          |                                                                                         |  |     
|        | Item 4T. | Controls
  And Procedures                                                               |  | 12  
|        |          |                                                                                         |  |     
|PART II |          | Other
  Information                                                                     |  |     
|        |          |                                                                                         |  |     
|        | Item 1.  | Legal
  Proceedings                                                                     |  | 12  
|        |          |                                                                                         |  |     
|        | Item 2.  | Unregistered
  Sales Of Equity Securities And Use Of Proceeds                           |  | 12  
|        |          |                                                                                         |  |     
|        | Item 3.  | Defaults
  Upon Senior Securities                                                       |  | 12  

|           |         |                                                         |  |    | 
|---------- | ------- | ------------------------------------------------------- |  | -- | 
|           | Item 4. | Submission
  Of Matters To A Vote Of Securities holders |  | 12
|           |         |                                                         |  |   
|           | 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 SUBSIDIARYCONDENSED CONSOLIDATED BALANCE SHEETS

|                                                                                                                                                                   |  |                                    |          |                              |   |         |  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | ---------------------------------- | -------- | ---------------------------- | - | ------- | -
|                                                                                                                                                                   |  | (UNAUDITED)
  SEPTEMBER 30,
  2009 |          | (AUDITED)
  DECEMBER 31,2008 |  
|                                                                                                                                                                   |  |                                    |          |                              |  
|ASSETS                                                                                                                                                             |  |                                    |          |                              |   |         |  
|CURRENT ASSETS:                                                                                                                                                    |  |                                    |          |                              |   |         |  
|Cash                                                                                                                                                               |  | $                                  | 13,657   |                              | $ | 19,920  |  
|                                                                                                                                                                  
|PROPERTY AND EQUIPMENT Net of Allowance
  for Depreciation of $254 in 2009 and $283 in 2008                                                                       |  |                                    | 1,158    |                              |   | 1,413   |  
|                                                                                                                                                                   |  |                                    |          |                              |   |         |  
|                                                                                                                                                                  
|TOTAL ASSETS                                                                                                                                                       |  | $                                  | 14,815   |                              | $ | 21,333  |  
|                                                                                                                                                                   |  |                                    |          |                              |   |         |  
|LIABILITIES AND SHAREHOLDERS
EQUITY                                                                                                                               |  |                                    |          |                              |   |         |  
|                                                                                                                                                                  
|CURRENT LIABILITIES:                                                                                                                                               |  |                                    |          |                              |   |         |  
|Accounts Payable and Accrued Expenses                                                                                                                              |  | $                                  | 720      |                              | $ | 8,197   |  
|                                                                                                                                                                   |  |                                    |          |                              |   |         |  
|TOTAL CURRENT LIABILITIES                                                                                                                                          |  |                                    | 720      |                              |   | 8,197   |  
|                                                                                                                                                                   |  |                                    |          |                              |   |         |  
|                                                                                                                                                                  
|SHAREHOLDERS EQUITY:                                                                                                                                              |  |                                    |          |                              |   |         |  
|Common Stock - $.001 Par Value;
  20,000,000 Shares Authorized; 1,531,200 Shares Issued and Outstanding in 2009;
  1,421,200 Shares Issued and Outstanding in 2008 |  |                                    | 1,531    |                              |   | 1,421   |  
|Additional Paid-In Capital                                                                                                                                         |  |                                    | 144,529  |                              |   | 89,639  |  
|Accumulated (Deficit)                                                                                                                                              |  |                                    | (131,965 | )                            |   | (77,924 | )
|                                                                                                                                                                   |  |                                    |          |                              |   |         |  
|                                                                                                                                                                  
|TOTAL SHAREHOLDERS EQUITY                                                                                                                                         |  |                                    | 14,095   |                              |   | 13,136  |  
|                                                                                                                                                                   |  |                                    |          |                              |   |         |  
|                                                                                                                                                                  
|TOTAL LIABILITIES AND SHAREHOLDERS
EQUITY                                                                                                                         |  | $                                  | 14,815   |                              | $ | 21,333  |  
|                                                                                                                                                                   |  |                                    |          |                              |   |         |  

See
accompanying notes to financial statements.

3

---



THE
PARKVIEW GROUP, INC. AND SUBSIDIARYCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

|                                                                           |  |                            |           |                   |   |           |  
|-------------------------------------------------------------------------- |  | -------------------------- | --------- | ----------------- | - | --------- | -
|                                                                           |  | For the Three Months Ended |          
|                                                                           |  |                            |          
|                                                                           |  | September 30,2009          |           | September 30,2008 |  
|                                                                           |  |                            |           |                   |  
|REVENUES                                                                   |  | $                          | 4,000     |                   | $ |          |  
|                                                                          
|GENERAL AND ADMINISTRATIVE EXPENSES                                        |  |                            | (17,713   | )                 |   | (14,742   | )
|                                                                           |  |                            |           |                   |   |           |  
|                                                                          
|NET (LOSS)                                                                 |  | $                          | (13,713   | )                 | $ | (14,742   | )
|                                                                           |  |                            |           |                   |   |           |  
|                                                                          
|NET (LOSS) PER SHARE:                                                      |  |                            |           |                   |   |           |  
|Basic and Diluted                                                          |  | $                          | (.01      | )                 | $ | (.01      | )
|                                                                           |  |                            |           |                   |   |           |  
|                                                                          
|WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING  BASIC
AND
  DILUTED |  |                            | 1,515,439 |                   |   | 1,536,450 |  
|                                                                           |  |                            |           |                   |   |           |  

See
accompanying notes to financial statements.

4

---



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

|                                                                           |  |                           |           |                   |   |           |  
|-------------------------------------------------------------------------- |  | ------------------------- | --------- | ----------------- | - | --------- | -
|                                                                           |  | For the Nine Months Ended |          
|                                                                           |  |                           |          
|                                                                           |  | September 30,2009         |           | September 30,2008 |  
|                                                                           |  |                           |           |                   |  
|REVENUES                                                                   |  | $                         | 4,000     |                   | $ |          |  
|                                                                           |  |                           |           |                   |   |           |  
|GENERAL AND ADMINISTRATIVE EXPENSES                                        |  |                           | (58,041   | )                 |   | (17,170   | )
|                                                                           |  |                           |           |                   |   |           |  
|REALIZED AND UNREALIZED GAINS AND (LOSSES) ON
INVESTMENTS                  |  |                           |          |                   |   | (121      | )
|                                                                           |  |                           |           |                   |   |           |  
|                                                                          
|NET (LOSS)                                                                 |  | $                         | (54,041   | )                 | $ | (17,291   | )
|                                                                           |  |                           |           |                   |   |           |  
|                                                                          
|NET (LOSS) PER SHARE:                                                      |  |                           |           |                   |   |           |  
|Basic and Diluted                                                          |  | $                         | (.04      | )                 | $ | (.01      | )
|                                                                           |  |                           |           |                   |   |           |  
|                                                                          
|WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING  BASIC
AND
  DILUTED |  |                           | 1,454,478 |                   |   | 1,554,276 |  
|                                                                           |  |                           |           |                   |   |           |  

See accompanying
notes to financial statements.

5

---



THE
PARKVIEW GROUP, INC. AND SUBSIDIARYCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)

|                                                                                  |  |                           |         |                      |   |         |  
|--------------------------------------------------------------------------------- |  | ------------------------- | ------- | -------------------- | - | ------- | -
|                                                                                  |  | For the Nine Months Ended |        
|                                                                                  |  |                           |        
|                                                                                  |  | September 30,2009         |         | September 30,
  2008 |  
|                                                                                  |  |                           |         |                      |  
|CASH FLOWS FROM OPERATING ACTIVITIES:                                             |  |                           |         |                      |   |         |  
|Net (Loss)                                                                        |  | $                         | (54,041 | )                    | $ | (17,291 | )
|Adjustments to Reconcile Net (Loss) to Net
  Cash (Used) by Operating Activities: |  |                           |         |                      |   |         |  
|Depreciation                                                                      |  |                           | 255     |                      |   | 198     |  
|Realized and Unrealized Loss on Investment
  in Marketable Securities             |  |                           |        |                      |   | 121     |  
|Changes in Operating Assets and
  Liabilities:                                    |  |                           |         |                      |   |         |  
|Accounts Payable and Accrued Expenses                                             |  |                           | (7,477  | )                    |   |        |  
|                                                                                  |  |                           |         |                      |   |         |  
|                                                                                 
|NET CASH (USED) BY OPERATING
ACTIVITIES                                           |  |                           | (61,263 | )                    |   | (16,972 | )
|                                                                                  |  |                           |         |                      |   |         |  
|                                                                                 
|CASH FLOWS FROM FINANCING ACTIVITIES:                                             |  |                           |         |                      |   |         |  
|Shareholders Loans                                                               |  |                           | 4,000   |                      |   |        |  
|Repayments of Shareholders Loans                                                 |  |                           | (4,000  | )                    |   |        |  
|Proceeds from Stock Issuance                                                      |  |                           | 55,000  |                      |   | 49,500  |  
|Dividends Paid                                                                    |  |                           |        |                      |   | (53,540 | )
|Stock Repurchases                                                                 |  |                           |        |                      |   | (2,000  | )
|Proceeds from Sales of Marketable
  Securities                                    |  |                           |        |                      |   | 47,379  |  
|                                                                                  |  |                           |         |                      |   |         |  
|                                                                                  |  |                           |         |                      |   |         |  
|NET CASH PROVIDED BY FINANCING
ACTIVITIES                                         |  |                           | 55,000  |                      |   | 41,339  |  
|                                                                                  |  |                           |         |                      |   |         |  
|                                                                                 
|CASH FLOWS FROM INVESTING ACTIVITIES:                                             |  |                           |         |                      |   |         |  
|Property and Equipment Purchases                                                  |  |                           |        |                      |   | (1,696  | )
|                                                                                  |  |                           |         |                      |   |         |  
|                                                                                  |  |                           |         |                      |   |         |  
|NET CASH (USED) BY INVESTING
ACTIVITIES                                           |  |                           |        |                      |   | (1,696  | )
|                                                                                  |  |                           |         |                      |   |         |  
|                                                                                 
|NET INCREASE (DECREASE) IN CASH                                                   |  |                           | (6,263  | )                    |   | 22,671  |  
|                                                                                 
|CASH  Beginning of Period                                                        |  |                           | 19,920  |                      |   | 12,000  |  
|                                                                                  |  |                           |         |                      |   |         |  
|                                                                                 
|CASH  End of Period                                                              |  | $                         | 13,657  |                      | $ | 34,671  |  
|                                                                                  |  |                           |         |                      |   |         |  
|SUPPLEMENTAL CASH FLOW INFORMATION:                                               |  |                           |         |                      |   |         |  
|Interest Paid                                                                     |  | $                         |        |                      | $ |        |  
|                                                                                  |  |                           |         |                      |   |         |  
|Taxes Paid                                                                        |  | $                         |        |                      | $ |        |  
|                                                                                  |  |                           |         |                      |   |         |  

See
accompanying notes to financial statements.

6

---



THE
PARKVIEW GROUP, INC. AND SUBSIDIARYNOTES 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 operations 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). Parkview was classified as a development
  stage company through July 21, 2009.

| |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | 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
  minimal operating revenues in the two years and nine months ended September
  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

---



THE
PARKVIEW GROUP, INC. AND SUBSIDIARY
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
  September 30, 2009 and December 31, 2008, approximate fair value.                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|         |                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|         |                                                    | Revenue and Expenses:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|         |                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|         |                                                    | The Company earns revenues on consulting services contracts. The
  revenue is recognized when the consulting services are performed.                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|         |                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|         |                                                    | 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

---



THE
PARKVIEW GROUP, INC. AND SUBSIDIARY
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
  September 30, 2009, the Company has a net operating loss carryforward of
  approximately $110,000, 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 September
  30, 2009, deferred tax assets of approximately $16,000 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 - | SALE OF COMMON STOCK -      
|         |                              |                                                                                                                                                                                                                                                                                                                                                              
|         |                              | Through
  September 30, 2009, the Company sold 110,000 shares of common stock for a
  total amount of $55,000.                                                                                                                                                                                                                                               
|         |                              |                                                                                                                                                                                                                                                                                                                                                              
|NOTE E - | RELATED PARTY TRANSACTIONS 
|         |                              |                                                                                                                                                                                                                                                                                                                                                              
|         |                              | Consulting and Other Fees:                                                                                                                                                                                                                                                                                                                                   
|         |                              | Payments to shareholders for consulting and office administration
  expenses amounted to $1,620 and $1,295 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

During
the quarter ended September 30, 2009, Parkview secured four (4) new client
accounts for management consulting services. These client accounts are engaged
in marketing commercial loans, manufacturing of storm shutters and shades,
trading in precious metals, and providing medical solutions. In each case, we
entered into twelve (12) month consulting agreements which provide for monthly,
non-refundable retainers and hourly billing for services as rendered. Under
each of the agreements, 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.The companys only employees are 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 hiring additional employees during 2009.

The
Company is continuing to seek to secure further revenue producing customer
relationships through the use of direct solicitation and networking efforts by
its officers. 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.

In
addition, Parkview continues to seek potential opportunities to expand its
business into the area of the disposition of distressed assets. We incorporated
our wholly owned subsidiary, Distressed Assets Disposition Services, Inc.,
during the fourth quarter of 2008 for the express purpose of transacting
business in this area of commerce. To date however, we have been unsuccessful
in identifying any corresponding business opportunities.

10

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Results of Operations

The
Company had revenues of $4,000, and expenses of $17,713, in the three (3) month
period ended September30th 2009, as compared to no revenue and expenses of $14,742, in
the comparable three (3) month period of 2008. The increase in expenses for the
Third Quarter of 2009, in comparison with the Third Quarter of 2008, was
primarily attributable to legal, accounting, filing, and stock transfer
expenses incurred during the quarter ended September 30th2009.

The
Company had revenues of $4,000 and expenses of $58,041 in the nine (9) month
period ended September 30th 2009 as compared to no revenue and
expenses of $17,170 in the comparable nine (9) month period of 2008. The
increase in expenses for the nine (9) month period of 2009, in comparison to
the nine (9) month period of 2008 was attributable to legal, accounting,
filing, and stock transfer expenses incurred.

Other
than the current efforts of our officers to secure additional revenue producing
customer relationships and engagements for its consulting services, and the
commencement of the four (4) new consulting engagements secured during the
third quarter of 2009, the Company is not presently aware of any other trends,
events, or uncertainties that may cause its revenues to improve. If successful,
however, managements efforts will augment the Companys receipt of revenues
from operations. There can be no assurance, however, that our efforts will
succeed.

Liquidity and Capital Resources

During
the nine (9) month period ended September 30th2009, the Company financed its
operations through the use of proceeds from private placement sales of its
restricted Common Stock and from revenue produced from its consulting
contracts. As of September 30th 2009, the Company had cash in the amount of
$13,657, and no additional 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.

Our
receipt of only modest revenues from 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.

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

Not
applicable

11

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

Evaluation of Disclosure Controls and Procedures

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. The current evaluation confirmed to the Companys principal
executive officer and the Companys principal financial officer, that the design
and operation of the Companys disclosure controls and procedure are effective
as of the date of this report at a reasonable assurance level.

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 2 | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On
July 21, 2009, the Registrant completed the sale of 110,000 shares of
authorized, previously unissued Common Stock for aggregate cash proceeds of
$55,000 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.

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

12

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|       |                  
|------ | -----------------
|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.
|            |  |                                                                                                                                                                                           
|10.5        |  | Resignation
  of Mark J. Hanna. Filed as an exhibit to the Companys Current Report on Form
  8-K dated July 23, 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.
|                    |                          |                                       
|November 10,
  2009 | By:                      | /s/ Richard
  B. Frost                
|                    |                          |                                       
|                    |                          | Richard B.
  Frost, President         
|                    |                          | (Principal
  Executive Officer)       
|                    |                          |                                       
|November 10,
  2009 | By:                      | /s/ Bert L.
  Gusrae                  
|                    |                          |                                       
|                    |                          | Bert L.
  Gusrae, Secretary, Treasurer
|                    |                          | (Principal
  Financial Officer)       

14

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