| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-----------------------------------------------------------------------------------------|

| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|------------------------------------------------------------------------------------------|

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

| Delaware                                                      |   | 65-0918608                          |
|---------------------------------------------------------------|--------|-------------------------------------|
| (State or other jurisdiction ofIncorporation or Organization) |   | (I.R.S. EmployerIdentification No.) |
|                                                          |   |                                |
| 21301 Powerline Road, Suite 103, Boca Raton, Florida          |   | 33433                               |
| (Address of principal executive offices)                      |   | (Zip Code)                          |

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

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

|   | Yes x | No o |
|--------|-------|------|

|   | Yes o | No x |
|--------|-------|------|

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

|   | Yes o | No x |
|--------|-------|------|

|   | Yes o | No o |
|--------|-------|------|

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|       |     |                                                                                        | Page   |
|------------|----------|---------------------------------------------------------------------------------------------|--------|
| PART I     |     | Financial Information                                                                       |   |
|       |     |                                                                                        |   |
|       | Item 1.  | Financial Statements                                                                        | 3      |
|       |     |                                                                                        |   |
|       | Item 2.  | Management’s Discussion And Analysis of Financial Condition And Results Of Operations | 4      |
|       |     |                                                                                        |   |
|       | Item 3.  | Qualitative and Quantitative Disclosures About Market Risk                                  | 5      |
|       |     |                                                                                        |   |
|       | Item 4T. | Controls And Procedures                                                                     | 6      |
|       |     |                                                                                        |   |
| PART II    |     | Other Information                                                                           |   |
|       |     |                                                                                        |   |
|       | Item 1.  | Legal Proceedings                                                                           | 6      |
|       |     |                                                                                        |   |
|       | Item 2.  | Unregistered Sales Of Equity Securities And Use Of Proceeds                                 | 6      |
|       |     |                                                                                        |   |
|       | Item 3.  | Defaults Upon Senior Securities                                                             | 6      |
|       |     |                                                                                        |   |
|       | Item 4.  | (Removed and Reserved )                                                                     | 6      |
|       |     |                                                                                        |   |
|       | Item 5.  | Other Information                                                                           | 6      |
|       |     |                                                                                        |   |
|       | Item 6.  | Exhibits                                                                                    | 7      |
|       |     |                                                                                        |   |
| Signatures |     | 7                                                                                           |

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PART I – FINANCIAL INFORMATION

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

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CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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| CONDENSED CONSOLIDATED FINANCIAL STATEMENTS |   |   |
|---------------------------------------------|--------|--------|
|                                        |   |   |
| Balance Sheets                              |   | 1      |
|                                        |   |   |
| Statements of Operations                    |   | 2      |
|                                        |   |   |
| Statements of Cash Flows                    |   | 3      |
|                                        |   |   |
| Notes to Financial Statements               |   | 4-7    |

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CONDENSED CONSOLIDATED BALANCE SHEETS

|                                                                                                                                                       |   | (UNAUDITED) |     |   | (AUDITED)    |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|----------|--------|--------------|--------|
|                                                                                                                                                       |   | MARCH 31,   |     |   | DECEMBER 31, |   |
|                                                                                                                                                       |   | 2010        |     |   | 2009         |   |
| ASSETS                                                                                                                                                     |   |        |     |   |         |   |
|                                                                                                                                                       |   |        |     |   |         |   |
| CURRENT ASSETS:                                                                                                                                            |   |        |     |   |         |   |
| Cash                                                                                                                                                       |   | $           | 3,668    |   |         | $      | 6,243 |   |
| Accounts Receivable                                                                                                                                        |   |        | 3,750    |   |         |   | — |   |
|                                                                                                                                                       |   |        |     |   |         |   |   |   |
| TOTAL CURRENT ASSETS                                                                                                                                       |   |        | 7,418    |   |         |   | 6,243 |   |
|                                                                                                                                                       |   |        |     |   |         |   |   |   |
| PROPERTY AND EQUIPMENT – Net of Accumulated                                                                                                          |   |        |     |   |         |   |   |   |
| Depreciation of $707 in 2010 and $622 in 2009                                                                                                              |   |        | 989      |   |         |   | 1,074 |   |
|                                                                                                                                                       |   |        |     |   |         |   |   |   |
| TOTAL ASSETS                                                                                                                                               |   | $           | 8,407    |   |         | $      | 7,317 |   |
|                                                                                                                                                       |   |        |     |   |         |   |   |   |
| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                                 |   |        |     |   |         |   |   |   |
|                                                                                                                                                       |   |        |     |   |         |   |   |   |
| CURRENT LIABILITIES:                                                                                                                                       |   |        |     |   |         |   |   |   |
| Accounts Payable and Accrued Expenses                                                                                                                      |   | $           | 4,089    |   |         | $      | — |   |
|                                                                                                                                                       |   |        |     |   |         |   |   |   |
| SHAREHOLDERS’ EQUITY:                                                                                                                                |   |        |     |   |         |   |   |   |
| Preferred Stock - $.001 Par Value; 5,000,000 Shares Authorized; No Shares Issued and Outstanding                                                           |   |        | —  |   |         |   | — |   |
| Common Stock - $.001 Par Value; 75,000,000 Shares Authorized; 516,000 Shares Issued and Outstanding in 2010; 510,400 Shares Issued and Outstanding in 2009 |   |        | 516      |   |         |   | 510 |   |
| Additional Paid-In Capital                                                                                                                                 |   |        | 153,944  |   |         |   | 145,550 |   |
| Accumulated (Deficit)                                                                                                                                      |   |        | (150,142 | )      |         |   | (138,743 | ) |
|                                                                                                                                                       |   |        |     |   |         |   |   |   |
| TOTAL SHAREHOLDERS’ EQUITY                                                                                                                           |   |        | 4,318    |   |         |   | 7,317 |   |
|                                                                                                                                                       |   |        |     |   |         |   |   |   |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                           |   | $           | 8,407    |   |         | $      | 7,317 |   |

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

|                                                                           |   | FOR THE THREE MONTHS ENDED |    |
|--------------------------------------------------------------------------------|--------|----------------------------|---------|
|                                                                           |   | MARCH 31,                  |    |   | MARCH 31, |   |
|                                                                           |   | 2010                       |    |   | 2009 |   |
|                                                                           |   |                       |    |   |   |   |
| REVENUES                                                                       |   | $                          | 3,750   |   |   | $ | — |   |
|                                                                           |   |                       |    |   |   |   |   |   |
| GENERAL AND ADMINISTRATIVE EXPENSES                                            |   |                       | (15,148 | ) |   |   | (27,138 | ) |
|                                                                           |   |                       |    |   |   |   |   |   |
| NET (LOSS)                                                                     |   | $                          | (11,398 | ) |   | $ | (27,138 | ) |
|                                                                           |   |                       |    |   |   |   |   |   |
| NET (LOSS) PER SHARE:                                                          |   |                       |    |   |   |   |   |   |
| Basic and Diluted                                                              |   | $                          | (.02    | ) |   | $ | (.06 | ) |
|                                                                           |   |                       |    |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING – BASIC AND DILUTED |   |                       | 511,952 |   |   |   | 473,733 |   |

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

|                                                                            |   | FOR THE THREE MONTHS ENDED |    |
|---------------------------------------------------------------------------------|--------|----------------------------|---------|
|                                                                            |   | MARCH 31,                  |    |   | MARCH 31, |   |
|                                                                            |   | 2010                       |    |   | 2009 |   |
|                                                                            |   |                       |    |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                           |   |                       |    |   |   |   |
| Net (Loss)                                                                      |   | $                          | (11,398 | ) |   | $ | (27,138 | ) |
| Adjustments to Reconcile Net (Loss) to Net Cash (Used) by Operating Activities: |   |                       |    |   |   |   |   |   |
| Depreciation                                                                    |   |                       | 85      |   |   |   | 85 |   |
| Changes in Operating Assets and Liabilities:                                    |   |                       |    |   |   |   |   |   |
| Accounts Receivable                                                             |   |                       | (3,750  | ) |   |   | — |   |
| Accounts Payable                                                                |   |                       | 4,088   |   |   |   | 8,811 |   |
|                                                                            |   |                       |    |   |   |   |   |   |
| NET CASH (USED) BY OPERATING ACTIVITIES                                         |   |                       | (10,975 | ) |   |   | (18,242 | ) |
|                                                                            |   |                       |    |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                           |   |                       |    |   |   |   |   |   |
| Proceeds from Stock Issuance                                                    |   |                       | 8,400   |   |   |   | — |   |
|                                                                            |   |                       |    |   |   |   |   |   |
| NET CASH PROVIDED BY FINANCING ACTIVITIES                                       |   |                       | 8,400   |   |   |   | — |   |
|                                                                            |   |                       |    |   |   |   |   |   |
| NET (DECREASE) IN CASH                                                          |   |                       | (2,575  | ) |   |   | (18,242 | ) |
|                                                                            |   |                       |    |   |   |   |   |   |
| CASH – Beginning of Period                                                |   |                       | 6,243   |   |   |   | 19,920 |   |
|                                                                            |   |                       |    |   |   |   |   |   |
| CASH – End of Period                                                      |   | $                          | 3,668   |   |   | $ | 1,678 |   |
|                                                                            |   |                       |    |   |   |   |   |   |
| SUPPLEMENTAL CASH FLOW INFORMATION:                                             |   |                       |    |   |   |   |   |   |
|                                                                            |   |                       |    |   |   |   |   |   |
| Interest Paid                                                                   |   | $                          | — |   |   | $ | — |   |
| Taxes Paid                                                                      |   | $                          | — |   |   | $ | — |   |

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NOTES TO CONDENSED CONSOLIDATED 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 efforts to 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. |
|          |                                     |   |
|          | Going Concern:                           |
|          |                                     | The Company has suffered losses from operations, has minimal operating revenues in the three years and three months ended March 31, 2010, 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 business plan of marketing assets for financially distressed companies and raising capital through 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. |
|          |                                     |   |
|          | 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. |

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| NOTE A - | BUSINESS AND ACCOUNTING POLICIES – (continued) - |
|---------------|--------------------------------------------------------|
|          |                                                   |   |
|          | 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, 2010 and March 31, 2009, approximate fair value. |
|          |                                                   |   |
|          | Revenue and Expenses:                                  |
|          |                                                   | The Company earned revenues on consulting services contracts. The revenue was recognized when the consulting services were 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 basis 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. |

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| NOTE B - | INCOME TAXES –                                                                                                                                                                                                                                                                                                           |
|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|     |                                                                                                                                                                                                                                                                                                                           |
|     | As of March 31, 2010, the Company has a net operating loss carryforward, of approximately $127,000, which may be carried forward through 2030, 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 2013. |
|     |                                                                                                                                                                                                                                                                                                                           |
|     | At March 31, 2010, deferred tax assets of approximately $19,000 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 - | SALE OF COMMON STOCK –                                                                                                                                                                                                                                                                                                   |
|     |                                                                                                                                                                                                                                                                                                                           |   |
|     | For the quarter ended March 31, 2010, the Company sold 5,600 shares of common stock for a total amount of $8,400.                                                                                                                                                                                                              |
|     |                                                                                                                                                                                                                                                                                                                           |   |
| NOTE D - | RELATED PARTY TRANSACTIONS –                                                                                                                                                                                                                                                                                             |
|     |                                                                                                                                                                                                                                                                                                                           |
|     | Occupancy Costs:                                                                                                                                                                                                                                                                                                               |
|     |                                                                                                                                                                                                                                                                                                                           | Office space is being provided to the Company by one of the shareholders at no cost. The accompanying financial statements do not contain expense relating to occupancy costs. |
|     |                                                                                                                                                                                                                                                                                                                           |
| NOTE E - | CONCENTRATION OF RISK –                                                                                                                                                                                                                                                                                                  |
|     |                                                                                                                                                                                                                                                                                                                           |
|     | The Company’s revenues were derived from two customers during the quarter ended March 31, 2010. The customers are also shareholders.                                                                                                                                                                                     |

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| NOTE F - | SUBSEQUENT EVENTS – |
|----------|---------------------------|
|     |                      |
|     | Equity Transactions:      |
|     |                      | On April 26, 2010, the Company’s Board of Directors approved the following actions: |

|   | ● | Authorized 5,000,000 shares, $.001 par value per share preferred stock.                      |
|--------|---------|----------------------------------------------------------------------------------------------|
|   | ● | Increase in the number of common shares authorized to 75,000,000, $.001 par value per share. |
|   | ● | Reverse split the common stock outstanding on the basis of 1 for 3.                          |

|   |         | All share and per share amounts have been restated to reflect the above referenced actions.                                           |
|--------|--------------|---------------------------------------------------------------------------------------------------------------------------------------|
|   |         |                                                                                                                                  |
|   |         | The Company sold 11,067 (post split) common shares at $1.50 per share in April, 2010.                                                 |
|   |         |                                                                                                                                  |
|   | Disclosures: |
|   |         | Management has evaluated the adequacy of financial statement disclosures subsequent to the balance sheet date through April 30, 2010. |

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

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

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

PART II – OTHER INFORMATION

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

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

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

| ITEM 4 | (Removed and Reserved) |
|--------|------------------------|
|   |                   |
| ITEM 5 | OTHER INFORMATION      |

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

|   | Exhibit No. |   | Description                                                                                         |
|--------|-------------|--------|-----------------------------------------------------------------------------------------------------|
|   |        |   |                                                                                                |
|   | 31.1        |   | Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|   |        |   |                                                                                                |
|   | 32.1        |   | Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act.         |

SIGNATURES

|        |   | THE PARKVIEW GROUP, INC. |
|-------------|--------|--------------------------|
|        |   |                     |   |
| May 5, 2010 |   | By:                      | /s/ Richard B. Frost |
|        |   |                     | Richard B. Frost, President |
|        |   |                     | (Principal Executive Officer) |
|        |   |                     |   |
| May 5, 2010 |   | By:                      | /s/ Bert L. Gusrae |
|        |   |                     | Bert L. Gusrae, Secretary, Treasurer |
|        |   |                     | (Principal Financial Officer) |

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