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 March 31, 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 PROCEEDINGDS 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 April 30, 2009 was 1,421,200.

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 April 30th 2009 there were 117, 900 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   
|           |           |                                                                                       |    |     
|           | 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 4.   | 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                                                       |    | 12  
|           |           |                                                                                       |    |     
|           | Item 4.   | Submission Of Matters To A Vote Of Securities holders                                 |    | 12  
|           |           |                                                                                       |    |     
|           | Item 5.   | Other Information                                                                     |    | 12  
|           |           |                                                                                       |    |     
|           | Item 6.   | Exhibits                                                                              |    | 13  
|           |           |                                                                                       |    |     
|Signatures |           |                                                                                       | 13

---



PART I – FINANCIAL INFORMATION

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

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

|                                                                                                        |  |             |         |                |   |         |  
|------------------------------------------------------------------------------------------------------- |  | ----------- | ------- | -------------- | - | ------- | -
|                                                                                                        |  | MARCH
  31, |         | DECEMBER
  31, |  
|                                                                                                        |  | 2009        |         | 2008           |  
|                                                                                                        |  |             |         |                |  
|                                                                                                        |  | (UNAUDITED) |         |                |  
|                                                                                                        |  |             |         |                |  
|ASSETS                                                                                                  |  |             |         |                |   |         |  
|                                                                                                        |  |             |         |                |   |         |  
|CURRENT ASSETS:                                                                                         |  |             |         |                |   |         |  
|Cash                                                                                                    |  | $           | 1,678   |                | $ | 19,920  |  
|PROPERTY AND EQUIPMENT
   Net of Allowance for Depreciation of $368 in 2008 and $283 in 2007           |  |             | 1,328   |                |   | 1,413   |  
|                                                                                                        |  |             |         |                |   |         |  
|                                                                                                        |  |             |         |                |   |         |  
|TOTAL ASSETS                                                                                            |  | $           | 3,006   |                | $ | 21,333  |  
|                                                                                                        |  |             |         |                |   |         |  
|                                                                                                        |  |             |         |                |   |         |  
|LIABILITIES AND SHAREHOLDERS (DEFICIENCY)
EQUITY                                                       |  |             |         |                |   |         |  
|                                                                                                        |  |             |         |                |   |         |  
|CURRENT LIABILITIES:                                                                                    |  |             |         |                |   |         |  
|Accounts Payable                                                                                        |  | $           | 17,007  |                | $ | 8,197   |  
|                                                                                                        |  |             |         |                |   |         |  
|                                                                                                       
|SHAREHOLDERS (DEFICIENCY) EQUITY:                                                                      |  |             |         |                |   |         |  
|Common Stock - $.001 Par Value; 20,000,000
  Shares Authorized; 1,421,200 Shares Issued and Outstanding |  |             | 1,421   |                |   | 1,421   |  
|Additional Paid-In Capital                                                                              |  |             | 89,639  |                |   | 89,639  |  
|(Deficit) Accumulated Prior to Development
  Stage                                                      |  |             | (43,646 | )              |   | (43,646 | )
|(Deficit) Accumulated During the
  Development Stage                                                    |  |             | (61,415 | )              |   | (34,278 | )
|                                                                                                        |  |             |         |                |   |         |  
|                                                                                                        |  |             |         |                |   |         |  
|TOTAL SHAREHOLDERS (DEFICIENCY)
EQUITY                                                                 |  |             | (14,001 | )              |   | 13,136  |  
|                                                                                                        |  |             |         |                |   |         |  
|                                                                                                        |  |             |         |                |   |         |  
|TOTAL LIABILITIES AND SHAREHOLDERS
  (DEFICIENCY) EQUITY                                               |  | $           | 3,006   |                | $ | 21,333  |  
|                                                                                                        |  |             |         |                |   |         |  

See
accompanying notes to financial statements.

3

---



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

|                                                                           |  |                       |           |                   |   |                |   |   |           |  
|-------------------------------------------------------------------------- |  | --------------------- | --------- | ----------------- | - | -------------- | - | - | --------- | -
|                                                                           |  |                       |           | Development Stage |  
|                                                                           |  | For the Quarter Ended |           | January 1, 2007   |  
|                                                                           |  | March 31,             |           | March 31,         |   | to             |  
|                                                                           |  | 2009                  |           | 2008              |   | March 31, 2009 |  
|                                                                           |  |                       |           |                   |   |                |  
|                                                                           |  |                       |           |                   |   |                |  
|REVENUES                                                                   |  | $                     |          |                   | $ |               |   | $ |          |  
|                                                                           |  |                       |           |                   |   |                |   |   |           |  
|GENERAL AND ADMINISTRATIVE EXPENSES                                        |  |                       | 27,137    |                   |   | 1,618          |   |   | 79,711    |  
|                                                                           |  |                       |           |                   |   |                |   |   |           |  
|REALIZED AND UNREALIZED GAINS AND (LOSSES)
  ON INVESTMENTS                |  |                       |          |                   |   | 418            |   |   | 18,296    |  
|                                                                           |  |                       |           |                   |   |                |   |   |           |  
|                                                                           |  |                       |           |                   |   |                |   |   |           |  
|INCOME (LOSS) BEFORE TAXES                                                 |  |                       | (27,137   | )                 |   | (1,200         | ) |   | (61,415   | )
|                                                                           |  |                       |           |                   |   |                |   |   |           |  
|PROVISION FOR INCOME TAXES                                                 |  |                       |          |                   |   |               |   |   | 1,600     |  
|                                                                           |  |                       |           |                   |   |                |   |   |           |  
|TAX BENEFIT OF NET OPERATING LOSS
  CARRYFORWARD                           |  |                       |          |                   |   |               |   |   | (1,600    | )
|                                                                           |  |                       |           |                   |   |                |   |   |           |  
|                                                                           |  |                       |           |                   |   |                |   |   |           |  
|NET INCOME (LOSS)                                                          |  | $                     | (27,137   | )                 | $ | (1,200         | ) | $ | (61,415   | )
|                                                                           |  |                       |           |                   |   |                |   |   |           |  
|                                                                           |  |                       |           |                   |   |                |   |   |           |  
|NET INCOME (LOSS) PER SHARE:                                               |  |                       |           |                   |   |                |   |   |           |  
|Basic and Diluted                                                          |  | $                     | (.02      | )                 | $ |               |   | $ | (.03      | )
|                                                                           |  |                       |           |                   |   |                |   |   |           |  
|                                                                           |  |                       |           |                   |   |                |   |   |           |  
|WEIGHTED AVERAGE NUMBER OF COMMON SHARES
  OUTSTANDING  BASIC AND DILUTED |  |                       | 1,421,200 |                   |   | 1,564,716      |   |   | 2,178,186 |  
|                                                                           |  |                       |           |                   |   |                |   |   |           |  

See
accompanying notes to financial statements.

4

---



THE PARKVIEW GROUP, INC. AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS (DEFICIENCY) EQUITY
FOR THE PERIOD FROM JANUARY 1, 2007 TO MARCH 31, 2009

|                            |  |                 |            |            |   |                               |   |             |         |       |   |         |   |   |         |   |   |         |  
|--------------------------- |  | --------------- | ---------- | ---------- | - | ----------------------------- | - | ----------- | ------- | ----- | - | ------- | - | - | ------- | - | - | ------- | -
|                            |  |                 |            |            |   | RETAINED EARNINGS
  (DEFICIT) |   |             |        
|                            |  |                 |            |            |   |                               |   |             |        
|                            |  | COMMON STOCK    |            | ADDITIONAL |   | PRIOR TO                      |   | DURING      |         |       |  
|                            |  | $.001 PAR VALUE |            | PAID IN    |   | DEVELOPMENT                   |   | DEVELOPMENT |         |       |  
|                            |  | SHARES          |            | AMOUNT     |   | CAPITAL                       |   | STAGE       |         | STAGE |   | TOTAL   |  
|                            |  |                 |            |            |   |                               |   |             |         |       |   |         |  
|                            |  |                 |            |            |   |                               |   |             |         |       |   |         |   |   |         |   |   |         |  
|BALANCE  January 1, 2007   |  |                 | 3,000,000  |            | $ | 3,000                         |   | $           | 86,500  |       | $ | (43,646 | ) | $ |        |   | $ | 45,854  |  
|                           
|ISSUANCE OF COMMON STOCK    |  |                 | 17,200     |            |   | 17                            |   |             | 4,283   |       |   |         |   |   |         |   |   | 4,300   |  
|                           
|NET INCOME FOR THE PERIOD   |  |                 |            |            |   |                               |   |             |         |       |   |         |   |   | 9,346   |   |   | 9,346   |  
|                            |  |                 |            |            |   |                               |   |             |         |       |   |         |   |   |         |   |   |         |  
|                           
|BALANCE  December 31, 2007 |  |                 | 3,017,200  |            |   | 3,017                         |   |             | 90,783  |       |   | (43,646 | ) |   | 9,346   |   |   | 59,500  |  
|                           
|ISSUANCE OF COMMON STOCK    |  |                 | 106,000    |            |   | 106                           |   |             | 52,894  |       |   |        |   |   |        |   |   | 53,000  |  
|                           
|COMMON STOCK REPURCHASED    |  |                 | (1,702,000 | )          |   | (1,702                        | ) |             | (498    | )     |   |        |   |   |        |   |   | (2,200  | )
|                           
|DIVIDENDS DECLARED          |  |                 |           |            |   |                              |   |             | (53,540 | )     |   |        |   |   |        |   |   | (53,540 | )
|                           
|NET LOSS FOR THE PERIOD     |  |                 |            |            |   |                               |   |             |         |       |   |         |   |   | (43,624 | ) |   | (43,624 | )
|                            |  |                 |            |            |   |                               |   |             |         |       |   |         |   |   |         |   |   |         |  
|                           
|BALANCE  December 31, 2008 |  |                 | 1,421,200  |            |   | 1,421                         |   |             | 89,639  |       |   | (43,646 | ) |   | (34,278 | ) |   | 13,136  |  
|                           
|NET LOSS FOR THE PERIOD     |  |                 |            |            |   |                               |   |             |         |       |   |         |   |   | (27,137 | ) |   | (27,137 | )
|                            |  |                 |            |            |   |                               |   |             |         |       |   |         |   |   |         |   |   |         |  
|                           
|BALANCE  March 31, 2009    |  |                 | 1,421,200  |            | $ | 1,421                         |   | $           | 89,639  |       | $ | (43,646 | ) | $ | (61,415 | ) | $ | (14,001 | )
|                            |  |                 |            |            |   |                               |   |             |         |       |   |         |   |   |         |   |   |         |  

See
accompanying notes to financial statements.

5

---



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

|                                               |  |                       |         |                   |   |                      |   |   |         |  
|---------------------------------------------- |  | --------------------- | ------- | ----------------- | - | -------------------- | - | - | ------- | -
|                                               |  |                       |         | Development Stage |  
|                                               |  |                       |         |                   |  
|                                               |  | For the Quarter Ended |         | January 1, 2007   |  
|                                               |  |                       |         |                  
|                                               |  | March 31,
  2009      |         | March 31,
  2008  |   | to 
  March 31, 2009 |  
|                                               |  |                       |         |                   |   |                      |  
|CASH FLOWS FROM OPERATING ACTIVITIES:          |  |                       |         |                   |   |                      |   |   |         |  
|Net (Loss)                                     |  | $                     | (27,137 | )                 | $ | (1,200               | ) | $ | (61,415 | )
|Adjustments to Reconcile Net (Loss) to
Net     |  |                       |         |                   |   |                      |   |   |         |  
|Cash (Used) by Operating Activities:           |  |                       |         |                   |   |                      |   |   |         |  
|Depreciation                                   |  |                       | 85      |                   |   | 29                   |   |   | 368     |  
|Realized and Unrealized Loss (Gain) on         |  |                       |         |                   |   |                      |   |   |         |  
|Investment in Marketable Securities            |  |                       |        |                   |   | (418                 | ) |   | (18,296 | )
|Changes in Operating Assets and
  Liabilities: |  |                       |         |                   |   |                      |   |   |         |  
|Accounts Payable                               |  |                       | 8,810   |                   |   |                     |   |   | 17,007  |  
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|NET CASH (USED) BY OPERATING
ACTIVITIES        |  |                       | (18,242 | )                 |   | (1,589               | ) |   | (62,336 | )
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|CASH FLOWS FROM FINANCING ACTIVITIES:          |  |                       |         |                   |   |                      |   |   |         |  
|Proceeds from Stock Issuance                   |  |                       |        |                   |   |                     |   |   | 57,300  |  
|Dividends Paid                                 |  |                       |        |                   |   |                     |   |   | (540    | )
|Stock Repurchases                              |  |                       |        |                   |   | (2,000               | ) |   | (2,200  | )
|Proceeds from Sales of Marketable
  Securities |  |                       |        |                   |   | 42,918               |   |   | 63,396  |  
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|NET CASH PROVIDED BY FINANCING
ACTIVITIES      |  |                       |        |                   |   | 40,918               |   |   | 117,956 |  
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|CASH FLOWS FROM INVESTING
ACTIVITIES:          |  |                       |         |                   |   |                      |   |   |         |  
|Loans to Shareholders                          |  |                       |        |                   |   | (45,000              | ) |   | (53,000 | )
|Property and Equipment Purchases               |  |                       |        |                   |   | (1,696               | ) |   | (1,696  | )
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|NET CASH (USED) BY INVESTING
ACTIVITIES        |  |                       |        |                   |   | (46,696              | ) |   | (54,696 | )
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|NET (DECREASE) IN CASH                         |  |                       | (18,242 | )                 |   | (7,367               | ) |   | 924     |  
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|CASH Beginning
  of Period                    |  |                       | 19,920  |                   |   | 12,000               |   |   | 754     |  
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|CASH  End of
  Period                         |  | $                     | 1,678   |                   | $ | 4,633                |   | $ | 1,678   |  
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|                                               |  |                       |         |                   |   |                      |   |   |         |  
|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 as a privately held corporation in
  the State of Delaware on April 7, 1999. The Company conducts its management
  consulting business from its office located 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
  recently created 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 had no operating
  revenues in the two years and three months ended March 31, 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
  acceptable 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
(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.                                                                     
|         |                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|         | Marketable Securities:                          
|         |                                                  | The
  Companys previous investments in marketable equity securities were included
  in current assets, classified as trading securities and reported at fair
  value based on quoted market prices. Unrealized gains and losses are recorded
  net in the statements of operations and reflect changes in the fair value of
  the investment during the period. Realized gains and losses resulting from
  the sale of the underlying securities are netted with unrealized gains and
  losses in the accompanying statements of operations.                                                                   
|         |                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|         | 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 March 31, 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.

8

---



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

|         |                                                                                                                                                                                                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|-------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|NOTE A - | BUSINESS AND ACCOUNTING POLICIES  (continued) -                                                                                                                                                                                                                                                                                                        
|         |                                                                                                                                                                                                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|         | 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.
|         |                                                                                                                                                                                                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|NOTE B - | INCOME TAXES                                                                                                                                                                                                                                                                                                                                           
|         |                                                                                                                                                                                                                                                                                                                                                         
|         | As of March
  31, 2009, the Company has a net operating loss carryforward of approximately
  $91,000, 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 March 31,
  2009, deferred tax assets of approximately $23,000 relating to the potential
  tax benefit of future tax deductions, were offset by a valuation allowance
  due to the uncertainty of their recognition.                                                                                                                                 
|         |                                                                                                                                                                                                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|NOTE C - | SHAREHOLDERS EQUITY                                                                                                                                                                                                                                                                                                                                   
|         |                                                                                                                                                                                                                                                                                                                                                         
|         | Initial Private Placement:                                                                                                                                                                                                                                                                                                                              
|         |                                                                                                                                                                                                                                                                                                                                                          | In August
  2007, the Company completed a private placement of 17,200 restricted shares
  of common stock at $.25 per share to individual investors.                                                                                                                                                                                                                                                                                                                                                                                                        
|         |                                                                                                                                                                                                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|         | Second Private Placement:                                                                                                                                                                                                                                                                                                                               
|         |                                                                                                                                                                                                                                                                                                                                                          | In June
  2008, the Company commenced a second private placement of 250,000 restricted
  shares of common stock at $.50 per share. Through December 31, 2008, a total
  of 106,000 shares of common stock have been purchased by individual
  investors.                                                                                                                                                                                                                                                                                                    
|         |                                                                                                                                                                                                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|         | Stock Repurchase:                                                                                                                                                                                                                                                                                                                                       
|         |                                                                                                                                                                                                                                                                                                                                                          | During 2008,
  the Company purchased and cancelled 1,702,000 shares of common stock for
  $2,200 from officers and related family members.                                                                                                                                                                                                                                                                                                                                                                                                                  
|         |                                                                                                                                                                                                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|         | Dividend Payment:                                                                                                                                                                                                                                                                                                                                       
|         |                                                                                                                                                                                                                                                                                                                                                          | In May 2008,
  the Board of Directors declared a dividend of $.0355 per share to
  shareholders of record on May 15, 2008. In lieu of cash, the Company
  cancelled a $53,000 loan receivable from a principal shareholder.                                                                                                                                                                                                                                                                                                                                 
|         |                                                                                                                                                                                                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|         |                                                                                                                                                                                                                                                                                                                                                          | The Company
  does not anticipate paying dividends in the future.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

|         |                              |                                                                                                                                           
|-------- | ---------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------
|NOTE D - | RELATED PARTY TRANSACTIONS 
|         |                             
|         | Consulting and Other Fees:  
|         |                              | Payments to
  shareholders for consulting and office administration expenses amounted to
  $800 and $1,222 in 2009 and 2008, respectively.

9

---



|        |                                                                                      
|------- | -------------------------------------------------------------------------------------
|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 has been 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, currently nearing expiration of the second contract year, 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 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.

Parkview currently has only one (1) services agreement in effect with an unrelated party, Office Furniture Warehouse, Inc., and has no employees other than its president, Richard B. Frost, its executive vice-president, Mark J. Hanna, its vice president, Rebecca A. Lozano and its secretary and treasurer, Bert L. Gusrae, each of whom is currently unsalaried. 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 currently seeking to secure 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 the next nine (9) months Parkview also intends to continue to strive to serve its current client coincident with its efforts to secure other, hopefully significant, revenue producing customer relationships,

Results of Operations

The Company had no revenue, and expenses of approximately $ 27,137, in the three (3) month period ended March 31st 2009 as compared to no revenue and expenses of approximately $1,618, in the comparable three (3) month period of 2008. The increase in expenses for the First Quarter of 2009, in comparison with the First Quarter of 2008, was attributable to further legal, auditor’s and filing
        costs incurred, in connection with the Company’s need to amend its Registration Statement on Form 10 during this reporting period in response to Securities and Exchange Commission legal and accounting Staff comments, and in connection with the preparation of its Annual Report on Form 10-K for the fiscal year ended December 31st 2008.

10

---



Other than the current efforts of its officers to secure revenue producing customer relationships and engagements for its consulting services, the Company is not presently aware of any other trends, events, or uncertainties that may cause its continuing lack of revenues or income to improve. If successful, however, those management efforts will re-start the Company’s receipt of revenues from operations
        and begin 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 lack of revenues will not continue and if continued, will likely erode the Company’s current, poor financial condition. To date, there has been no material progress made in expanding the Company’s business model.

Liquidity and Capital Resources

During the three (3) month period ended March 31st 2009, 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 March 31st 2009, the Company had only minimal cash in the amount of $1,678 and no capital reserves. We are exploring opportunities to
        raise additional cash to finance the Company’s operations in the face of our illiquid current condition. We may consider expansion through joint ventures, partnerships or strategic alliances but no such business arrangement or relationship is currently under consideration. If Parkview is not successful in raising sufficient cash, it may be forced to borrow funds to address our illiquidity. 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 are currently devoting our efforts to general business planning, raising capital, and identifying, locating and developing consulting business opportunities.

Our continuing lack of revenue producing operations 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 revenue producing customer relationships and possibly raising new capital through additional private placement of our restricted Common Stock, diluting, in the process of any such placement, the ownership interests of our existing shareholders. 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

---



|        |                        
|------- | -----------------------
|ITEM 4. | 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. During the period covered by this report, our Company was subject to the reporting requirements of the Exchange Act. 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 and our Annual Report on Form 10-K for the year ended December 31st 2008, accounting work was completed, financial statements were prepared, and
        audits were obtained. The 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 report, that the design and operation of the Company’s disclosure controls and procedure are effective as of the date of this report.

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 31st 2008.
|                                                                                                       
|ITEM 2.                                                                                                 | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
|                                                                                                        |                                                            
|None                                                                                                   
|                                                                                                       
|ITEM 3.                                                                                                 | DEFAULTS UPON SENIOR SECURITIES                            
|                                                                                                        |                                                            
|None                                                                                                   
|                                                                                                        |                                                            
|ITEM 4.                                                                                                 | SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS      
|                                                                                                        |                                                            
|None                                                                                                   
|                                                                                                       
|ITEM 5.                                                                                                 | OTHER INFORMATION                                          
|                                                                                                        |                                                            
|None                                                                                                   

12

---



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

|            |  |                                                                                                
|----------- |  | -----------------------------------------------------------------------------------------------
|Exhibit No. |  | Description                                                                                    
|            |  |                                                                                                
|            |  |                                                                                                
|31.1        |  | Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act..   
|            |  |                                                                                                
|32.1        |  | Certification of the Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act.

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.
|             |                         
|May 19, 2009 | By:                      | /s/ Richard B. Frost                
|             |                          |                                     
|             |                          | Richard B. Frost, President         
|             |                          | (Principal Executive Officer)       
|             |                          |                                     
|May 19, 2009 | By:                      | /s/ Bert L. Gusrae                  
|             |                          |                                     
|             |                          | Bert L. Gusrae, Secretary, Treasurer
|             |                          | (Principal Financial Officer)       

13

---