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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-KSB

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

                        For the Year ended March 31, 2005
                        Commission file number: 000-31104

                          VISION GLOBAL SOLUTIONS INC.

             (Exact name of registrant as specified in its charter)

           Nevada                      1040                     Applied For
(State of Incorporation)          (Primary Standard        (IRS Employer ID No.)
                                  Classification Code)


      Vision Global Solutions Inc.
      455 Notre Dame Street East Montreal, Quebec, Canada        H2Y 1C9
      (Address of principal executive offices)                  (Zip Code)

       Registrant's telephone number, including area code: (514) 846-1166
                                                           --------------

          (Former name or former address, if changed since last report)

      Copies of all communications, including all communications sent to the
agent for service, should be sent to:

                         Joseph I. Emas, Attorney at Law
                             1224 Washington Avenue
                           Miami Beach, Florida 33139

                             Telephone: 305.531.1174

       Securities registered under Section 12(b) of the Exchange Act: None

         Securities registered under Section 12(g) of the Exchange Act:

                           COMMON STOCK, NO PAR VALUE
                                (Title of Class)

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

<PAGE>

      Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B contained in this form, and no disclosure will be
contained, to the best of issuer's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. |X|

      State issuer's revenues for its most recent fiscal year: $1,775,017.

State the aggregate market value of the voting stock held by non-affiliates of
the registrant on July 18, 2005, computed by reference to the price at which the
stock was sold on that date: $5,865,719.

APPLICABLE ONLY TO CORPORATE REGISTRANTS

      State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date.

      62,473,885 shares of Common Stock, no par value, as of July 19, 2005.

      Transitional Small Business Disclosure Format (check one)
      Yes |_|  No |X|

DOCUMENTS INCORPORATED BY REFERENCE

      None

<PAGE>

                          VISION GLOBAL SOLUTIONS INC.
                              Report on Form 10KSB
                    For the Fiscal Year Ended March 31, 2005

                                TABLE OF CONTENTS

PAGE

                                     PART I

Item 1   Description of the Business .....................................    1
Item 2   Description of the Property .....................................    7
Item 3   Legal Proceedings ...............................................    7
Item 4   Submission of Matters to Vote of Security Holders ...............    7

                                PART II

Item 5   Market for Common Equity and Related Stockholder Matters ........    8
Item 6   Management's Discussion and Analysis ............................    9
Item 7   Financial Statements ............................................   11
Item 8   Changes in and Disagreements with Accountants on Accounting
         and Financial Disclosure ........................................   11
Item 8A  Controls and Procedures .........................................   11

                                PART III

Item 9   Directors, Executive Officers, Promoters and Control Persons ....   13
Item 10  Executive Compensation ..........................................   14
Item 11  Security Ownership of Certain Beneficial Owners and Management ..   16
Item 12  Certain Relationships and Related Transactions ..................   16

                                PART IV

Item 13  Exhibits and Reports on Form 8-K ................................   28
Item 14  Principal Accountant Fees and Services...........................   28

Signatures ...............................................................   30

<PAGE>

                                     PART I

THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES A "SAFE HARBOR"
FOR FORWARD LOOKING STATEMENTS. This Form 10-KSB contains statements that are
not historical facts. These statements are called "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. These statements involve important known
and unknown risks, uncertainties and other factors and can be identified by
phrases using "estimate," "anticipate," "believe," "project," "expect,"
"intend," "predict," "potential," "future," "may," "should" and similar
expressions or words. Our future results, performance or achievements may differ
materially from the results, performance or achievements discussed in the
forward-looking statements. There are numerous factors that could cause actual
results to differ materially from the results discussed in forward-looking
statements, including:

o     Changes in existing product liability, tort or warranty laws or the
      introduction of new laws, regulations or policies that could affect our
      business practices: these laws, regulations or policies could impact our
      industry as a whole, or could impact only those portions in which we are
      currently active.

o     Changes in environmental regulations: these regulations could have a
      negative impact on our earnings; for example, laws mandating greater fuel
      efficiency could increase our research and development costs.

o     Changes in economic conditions, including changes in interest rates,
      financial market performance and our industry: these types of changes can
      impact the economy in general, resulting in a downward trend that impacts
      not only our business, but all companies with which we compete; or, the
      changes can impact only those parts of the economy upon which we rely in a
      unique fashion, including, hotels, restaurants and business travel.

o     Changes in relationships with major customers and/or suppliers: an adverse
      change in our relationships with major customers and/or suppliers would
      have a negative impact on our earnings and financial position.

o     Armed conflicts and other military actions: the considerable political and
      economic uncertainties resulting from these events, could adversely affect
      our order intake and sales, particularly in the limousine market.

o     Factors that we have discussed in previous public reports and other
      documents filed with the Securities and Exchange Commission.

This list provides examples of factors that could affect the results described
by forward-looking statements contained in this Form 10-KSB. However, this list
is not intended to be exhaustive; many other factors could impact our business
and it is impossible to predict with any accuracy which factors could result in
which negative impacts. Although we believe that the forward-looking statements
contained in this Form 10-KSB are reasonable, we cannot provide you with any
guarantee that the anticipated results will be achieved. All forward-looking
statements in this Form 10-KSB are expressly qualified in their entirety by the
cautionary statements contained in this section and you are cautioned not to
place undue reliance on the forward-looking statements contained in this Form
10-KSB. In addition to the risks listed above, other risks may arise in the
future, and we disclaim any obligation to update information contained in any
forward-looking statement.

<PAGE>

ITEM 1. DESCRIPTION OF BUSINESS

THE COMPANY
-----------

History and Development of Vision Global Solutions, Inc.

Outer Edge Holdings, Inc.

Outer Edge Holdings, Inc. ("Outer Edge") was incorporated under laws of the
Province of Ontario. Outer Edge was incorporated as "Consumer General Inc." on
September 9, 1988. On March 29, 1999, Outer Edge amalgamated with 1345166
Ontario Inc. to form and continue under the name "Outer Edge Holdings Inc."
Outer Edge had no subsidiaries or affiliates.

Immediately prior to the amalgamations discussed below, Outer Edge did not
conduct any business other than owing certain debts to 1397629 Ontario Inc.
1397629 Ontario Inc. was incorporated under the laws of the Province of Ontario
as a private company according to the laws of that jurisdiction. 1397629 Ontario
was incorporated on September 9, 1999. Immediately prior to the amalgamations
discussed below, 1397629 Ontario did not carry on any active business other than
holding certain debts owed by Outer Edge.

Outer Edge Holdings Inc., 1397629 Ontario Inc. and Vision Ontario Inc.
negotiated the amalgamation transaction which was formalized by three separate
agreements between the parties:

1.    a Pre-amalgamation agreement;
2.    a Stage 1 Amalgamation agreement; and
3.    a Stage 2 Amalgamation agreement.

Pursuant to the Stage 1 amalgamation agreement, Outer Edge Holdings Inc. and
1397629 Ontario Inc. amalgamated on December 13, 2000 to form OEHI Capital Inc.

The Stage 1 amalgamation negotiations between Outer Edge Holdings Inc. and
1397629 Ontario Inc. were at arm's length. There were no common officers,
directors or principals between the two parties.

Pursuant to the Stage 2 amalgamation agreement, OEHI Capital Inc. and Vision
Ontario Inc. amalgamated on December 20, 2000 to form Vision Global Solutions
Inc., the registrant.

The Stage 2 amalgamation negotiations between OEHI Capital Inc. and Vision
Ontario Inc. were at arm's length. There were no common officers, directors or
principals between the two parties.

Vision Ontario, Inc. and the Vision Group
-----------------------------------------

Vision Ontario Inc. was incorporated under the laws of the Province of Ontario
by articles of incorporation dated October 10, 2000. Vision Ontario holds all of
the issued and outstanding securities of A.R.T.I. Vision Inc., a private
(Canadian) federal corporation ("A.R.T.I. Vision"), and Vision/R4 Corporation, a
private (Canadian) federal corporation ("Vision R/4") (collectively referred to
as the "Vision Group").

The Vision Group consists of two related companies, operating together. A.R.T.I.
Vision was incorporated in 1993 to develop activity based management software.
In 1996, Vision R/4 was incorporated to handle the marketing of software
developed by A.R.T.I. Vision. Specifically, Vision R/4 markets data management
software and provides related services. Prior to being acquired by Vision
Ontario, both companies were wholly owned subsidiaries of Gestion Jean-Paul
Oullette, Inc., which supplied significant financing via loans and share
capital.

In November 2003, we changed our incorporation domicile from Ontario Canada to
Nevada.

Vision Global Solutions Inc. as a Nevada corporation was formed on November 20,
2003 and the formal transition occurred subsequent to the March 31, 2004 year
end.

<PAGE>

Vision's Global Solutions Inc. principal executive offices are located at 455
Notre-Dame east, Montreal Quebec, Canada, H2Y 1C9; telephone 514-848-166. The
corporation's duly appointed resident agent in the State of Nevada upon whom
process can be served is Corporate Creations, 941 Fourth Street, Miami Beach,
Fl. 33139. Vision Global Solutions Inc. (the Nevada corporation) was formed
further to an application for Continuance of Vision Global Solutions Inc., an
Ontario Corporation.

THE PRODUCTS
------------

Vision Global is marketing, under the name Apogee, an integrated accounting and
management software that allows companies to apply an activity-based management
solution, a common sense systematic method of planning, controlling and
improving labor and overhead expenses, to their businesses-management models. In
applying activity-based management, the operations of a business are divided
into Processes, which are made up of Activities, which are made up of Tasks.
Typical Activities include: product design, sales calls, order taking,
establishing supplier relationships, purchasing, receiving, setting up
production machinery, manufacturing parts, assembling orders, shipping, billing,
collecting receivables and paying bills. The performance of each Activity
consumes Resources (e.g. humans, material and/or financial) that are recorded as
costs in the firm's accounts. Vision Global's Activity-Based Management solution
facilitates the integration of such activities within the company's overall
strategy, while simultaneously allowing the business to collect information with
respect to time and cost concerns.

Vision Global his marketing activity-based management software solutions. These
solutions have already been tested, debugged and installed on several client
sites including: The Commissionaires of Canada (Ottawa, Vancouver, Toronto,
Kingston, Victoria, New Foundland, Calgary, Saskatoon, Montreal, Regina and New
Brunswick); the ADGA Group in Ottawa, a civil engineering consulting firm; CNS
Group in Stamford, Connecticut, USA, La Federation des Caisses populaires
Desjardins (a banking institution in Quebec); Fairfax Financial Holdings
(insurance industry); Sequoia Insurance Company (in Monterey California); the
Quebec Museum, in Quebec, Canada; and the Saskatchewan Government Insurance in
Canada; Exhibition Place, City of Toronto, just to mention a few.

Vision Global's Apogee is divided into families of products addressing the
following requirements: financial management and accounting; project accounting
and control; distribution logistics, EDI; manufacturing; and business
intelligence, consisting of a total of 23 modules, which are priced according to
the number of concurrent users per module.

SALES & MARKETING
-----------------

Presently, Vision Global's sales and marketing department is under the direct
supervision of Jean-Paul Ouellette, President. Mr. Ouellette also oversees all
aspects touching on two distributors in the United Kingdom, Vancouver, Africa
and Montreal. Vision Global promotes and markets its management software
solution at various trade shows held across the world, by holding conferences
and advertising in various trade magazines and through its telemarketing
department. Sales leads come from a variety of sources such as Web Sites,
Progress Conferences, Progress dealers, Profile Magazine, CMA/CPA Magazine,
Industry conferences and dealerships.

SOFTWARE DEVELOPMENT
--------------------

The Software was developed in Progress Software's Application Development
Environment, mainly Version 9.1. Progress is a fourth generation language that
provides application logic, database management and user-interface management.
The integration of the Progress' Application Development Environment with the
activities based management model, allows users to engage certain universal
functions of the Software, which enable them to more efficiently manage their
business. Among others, these features include: the "Navigator," which is the
main desktop screen; a "Maintenance" tool which organizes relevant data in
logical groupings; an "Enquiry" function which displays data to users; and a
Transactional system which serves as the focal point for data entry and reports.

In addition to those functions set forth above, the basic make-up of the Apogee
Software also assists the user in more easily navigating the product and its
many features. These aids include: definable tool bars; dynamic field
customizations; multilingual capability currently English and French; messaging
and e-mail integration; the ability to add annotations and memos; hierarchical
security; integrated audit trails; system agents; and links to Microsoft Office
suite.

Currently, the Apogee Software Solution uses the Progress database and runs on
Windows NT and UNIX, Linux. However, a new version is under development for the
Microsoft SQL server; and one for Progress V.10; which management believes
should be available by late August 2004.

<PAGE>

TARGET MARKETS
--------------

Vision Global is geared towards business with sales of between USD $250 million
and USD $1 billion. Because such organizations typically have undersized
information technology groups to handle complex installations, such
organizations generally prefer to purchase software packages that efficiently
perform specific tasks.

While Vision Global does not consider them to be the company's primary market,
smaller companies, with sales of USD $250 million, represent the largest
opportunity for Vision Global. The Apogee Software Solution is easy to customize
and less expensive than a conventional resources planning installation, which
tends to focus on the creation of a culture or environment that will meet the
client needs. While conventional planning installation focuses on a board
culture, Vision Global focuses on the creation of specific software solutions in
order to meet client needs, resulting in a more focused plan, which is generally
less expensive than the alternative. Smaller companies also tend to expend
significant resources on hiring outside consulting firms to implement their
installations, an additional cost easily avoided through the use of our easy to
implement, specific software solutions.

Vision Global also expects success in another important market-service
organizations that are event and/or project driven. Project driven firms include
those in engineering, consulting, outsourcing and advertising. Examples of event
driven organizations are cultural groups, conference centers, museums and sports
stadiums.

COMPETITION
-----------

The activity based management and Application Development Environment markets
are highly competitive with many existing companies offering some or all of the
services offered by Vision Global, and with many new competitors expected to
enter the industry as it grows. However, Vision Global's management believes
that most competitors are targeting the larger business enterprise markets.

Vision Global's management believes that by concentrating on the medium and
small enterprise market, it will be successful in implementing the company's
plan. In the opinion of management, the needs of the medium to small enterprise
market are poorly addressed by most of Vision Global's competitors. The target
market has a large and growing need. Vision Global's experience indicates that
the adoption of emerging activity based management and application development
environment business solutions is accelerating dramatically and is essential to
the small to medium enterprise market segment.

ABC Technologies Inc., Armstrong Laing Group, and Hyperion Solutions Corp. are a
few of our current competitors in the activity based management software market.
However, to Vision Global's knowledge, none of its competitors currently offers
a combination of customized, outsourced activity based management and
application development environment applications for the Progress Software.
Moreover, management is unaware of any such applications specifically designed
to address the needs of the small to medium enterprise market.

MARKETING PLAN
--------------

Although there are no commitments, management has been working on a prospective
cash infusion of $1,000,000 USD, which would be used by Vision Global to
increase the effectiveness of several functional departments and to increase the
physical presence of the corporation in the United States, as follows:

      1-    First of all, to set up an office in Boston to house the US sales
            team and corporate functions as it relates to the new US registered
            company. The cost for setting up the office and getting the
            administrative infrastructure in place would be about $175,000.

      2-    The company would hire four sales people. Three of which would be
            based in the new Boston office for US and international sales and
            one in Montreal for Canadian sales. The cost of hiring and training
            the sales force and getting the sales plan in place would require a
            $200,000 investment.

      3-    The company plans to refresh the look and feel of the product and
            will create new marketing material and collateral to support the
            Activity Based Management software. We would develop a new image and
            create a leading edge strategy in marketing the product line in both
            Canada and the United States. The cost for this project would be
            approximately $200,000.

<PAGE>

      4-    Vision Global would dramatically increase its presence in the
            marketplace by focusing on trade advertising as well as
            representation in selected trade shows. Advertising in trade
            publications with heavy US exposure, with a solid story on the
            Vision product, would create opportunities for increased sales and
            presenting the product to prospective buyers on a show floor would
            create a buzz for the product that does not exist today. The cost
            for this activity may reach $200,000.

      5-    The product is solid and is well received in it's market niche, but
            to meet revenue growth projections, the company must add features
            and increase compatibility with other programs, as well as to ensure
            maximum flexibility in providing integrated solutions for companies
            of all sizes. The cost for this product R&D effort would be about
            $225,000.

The company will strive to be as conservative as possible in all of its
expenditures but may increase the money spent on some line items while reducing
the money spent in other areas. In all cases, expenditures will be based on the
need to meet all important company objectives. We expect to present to our
prospective customer base freshened products, better sales coverage, increased
advertising and a new American presence.

CAPITALIZATION AND INDEBTEDNESS
-------------------------------

The Share Capitalization Vision Global Solutions Inc is authorized to issue
unlimited number of shares of common stock, at no par value per share and
5,000,000 shares of Preferred Stock, $0.001 par value share; 62,473,885 shares
of Class A common shares are issued and outstanding as of March 31, 2005.

Lines of credits

As of March 31, 2005, Vision has paid off all of its lines of credits.

Risk factors
------------

The risks described below are not the only ones we face. Additional risks that
generally apply to publicly traded companies, that are not yet identified or
that we currently think are immaterial, may also impair our business operations.
Our business, operating results and financial condition could be adversely
affected by any of the following risks. You should refer to the other
information set forth in this document, including our financial statements and
the related notes.

This registration statement also contains certain forward-looking statements
that involve risks and uncertainties. These statements relate to our future
plans, objectives, expectations and intentions. These statements may be
identified by the use of words such as "expects", "anticipates", "intends",
"plans" and similar expressions. Our actual results could differ materially from
those discussed in these statements. Factors that could contribute to such
differences include, but are not limited to, those discussed below and elsewhere
in this registration statement.

Competitive Business Environment. The market in which Vision Global operates is
highly competitive in the United States, and is expected to become increasingly
competitive in Canada, as existing companies expand their operations and new
competitors enter the market. Present and potential competitors of Vision Global
include participants from a variety of market segments, including systems
consulting and implementation firms, application software firms, service groups
of computer equipment companies, facilities managements companies, general
management consulting firms, web hosting and internet service companies,
Internet service providers and network application hosting providers. Many of
these competitors have significantly greater financial, technical and marketing
resources and greater name recognition than Vision Global. Increased competition
from current and future competitors could result in price reductions, reduced
margins or loss of market share for Vision Global. Any of these factors could
materially adversely affect the business, revenues, operating results and
financial condition of Vision Global. There can be no assurance that Vision
Global will compete successfully with its existing competitors or with any
future competitors.

Limited Operating History
-------------------------

Vision Global has a limited operating history (since inception, December, 2000),
Vision Global's business and prospects must be considered in light of the risks,
expenses and difficulties frequently encountered by companies in their early
stage of development, particularly companies in new and rapidly evolving
activity based management and application enhancement development software and
services market. Some of these risks include the ability of Vision Global to
build a more comprehensive sales structure to support its business; to provide
reliable and cost-effective services to its customers; to respond to
technological developments or services offered by competitors; to enter into
strategic relationships with application software vendors; and to build,
maintain and expand distribution channels. In addition, activity based
management and planning software is a new trend in the software industry.
A.R.T.I. Vision and Vision R/4 have longer operating histories as the companies
were incorporated in 1993 and 1996 respectively.

<PAGE>

Rapid Software Development
--------------------------

The markets in which Vision Global competes are characterized by rapidly
changing accounting and management software technology, evolving industry
standards, introductions and enhancements, and changing customer demands. These
characteristics are exacerbated by the rapid growth of the Internet, the
continued growth in the use of commercial accounting and management software
applications and the competition in the software industry. To be successful,
Vision Global must adapt to the rapidly changing software applications market by
continuing to improve the performance, features and reliability of its software
product and its services. Failure by Vision Global to adapt to changes in the
accounting and management software market can have a material adverse affect on
its business, operating results and financial condition.

Online Commerce Security Risks
------------------------------

To the extent that Vision Global intends to rely on the Internet to provide or
market products or services, there will be a need for secure transmission of
confidential information. Web usage could decline if any well-publicized
compromise of security occurs. Despite the design and implementation of a
variety of network security measures, unauthorized access, computer viruses,
accidental or intentional actions and other disruptions could occur. Vision
Global has installed a firewall whereby outsiders are prevented from accessing
the company's private data resources and Vision is able to control what outside
resources its own users have access to. In the future, Vision Global could incur
significant costs to protect against the threat of security breaches or to
alleviate problems caused by such breaches. If a third person were able to
misappropriate information or credit card information, Vision Global could be
subject to claims, litigation or other potential liabilities.

Dependence on the Web Infrastructure
------------------------------------

If the use of Internet continues to grow, its infrastructure may not be able to
support the demands placed on it by such growth and its performance or
reliability may decline. In addition, web sites have experienced interruptions
in their services as a result of outages and other delays occurring throughout
the Internet network infrastructure. If these outages or delays occur
frequently, use of the Internet as a commercial or business medium could, in the
future, grow more slowly or decline which could adversely affect Vision Global's
business.

Risks Associated with Information Disseminated through Vision Global's Service
------------------------------------------------------------------------------

The law relating to the liability of online services companies for information
carried on or disseminated their services is currently unsettled. It is possible
that claims could be made against online services companies under both domestic
and foreign law for defamation, libel, invasion of privacy, negligence,
copyright or trademark infringement, or other theories based on the nature and
content of the materials disseminated through their services. Several private
lawsuits seeking to impose such liability upon other online services companies
are currently pending. In addition, legislation has been proposed that imposes
liability for or prohibits the transmission over the Internet of certain types
of information.

The imposition upon Vision Global and other online service providers of
potential liability for information carried on or disseminated through their
services could require Vision Global to implement measures to reduce its
exposure to such liability, which may require Vision Global to expend
substantial resources and/or to discontinue certain service offerings. In
addition, the increased attention focused upon liability issues as a result of
these lawsuits and legislative proposals could impact the growth of Internet
use. While Vision Global expects to maintain liability insurance in the future,
such insurance may not be adequate to fully compensate Vision Global in the
event it becomes liable for information carried on or disseminated through its
services. Any costs not covered by insurance incurred as a result of such
liability or asserted liability could have a material adverse effect on Vision
Global's business, results of operations and financial condition.

Dependence on and Retention of Key Individuals.
-----------------------------------------------

Vision Global's future success will depend to a significant extent on the
continued services of senior management and other key personnel, particularly
Jean-Paul Ouellette. If Vision Global loses Mr. Ouellette, it could have a
detrimental effect on Vision Global's business. Vision Global currently
maintains a Key Person life insurance policy in the amount of $2,100,000 CAD
($1,403,086 USD) covering Mr. Ouellette.

<PAGE>

Our success is also dependent on our ability to attract, retain and motivate
highly skilled technical and other personnel. While we have been successful in
doing so, there are a limited number of persons who possess the necessary
technical skills, understanding, and competition for their services is intense.
A failure to recruit or retain personnel could have a material adverse effect on
our business, financial condition and results of operations.

Protection and Enforcement of Intellectual Property Rights

Vision Global does not have and patented technology that would prevent
competitors from entering its market. Although Vision Global may seek to protect
its trademarks, copyrights, and other proprietary rights, these actions may be
inadequate to protect them or to prevent others from claiming violations of
their trademarks, copyrights and other proprietary rights of third parties, but
there can be no assurance that third-parties may not in the future claim
infringement by Vision Global with respect to current or future products or
services. Any such claims by third parties could have a material adverse affect
on Vision Global's business, operating results and financial condition.

Vision Global currently licenses, and may in the future license, certain
technologies from third parties, which may subject Vision Global to infringement
actions based upon the technologies licensed from these third parties. Any of
these claims, with or without merit, could subject Vision Global to costly
litigation and divert the attention of its technical and management personnel.
These third party technology licenses may not continue to be available to Vision
Global on commercially reasonable terms. The loss of the ability to use such
technology could require Vision Global to obtain the rights to use substitute
technology, which could be more expensive or offer lower quality, or
performance, and therefore have a material adverse effect on Vision Global's
business, operating results and financial condition.

Possible Volatility of Stock Price

Many factors could affect the market price of our common shares. These factors
include:

      >>    Variations in our operating results;
      >>    Variations in industry growth rates;
      >>    Actual or anticipated announcements of technical innovations or new
            products or product enhancements by us or our competitors;
      >>    General economic conditions in the market for our products and
            services;
      >>    Divergence of our operating results from analysts' expectations;
      >>    Changes in earning estimates by research analysts

In particular, the market prices of the shares of many companies in the
technology and emerging growth sectors have experienced wide fluctuations that
have often been unrelated to the operating performance of such companies.

Our stock trades on the over-the-counter bulletin board; because the bulletin
board does not operate under the same rules and standards as the NASDAQ stock
market, our stockholders may have greater difficulty in selling their shares
when they want and for the price they want.

The over-the-counter bulletin board is separate and distinct from the NASDAQ
stock market. NASDAQ has no business relationship with issuers of securities
quoted on the over-the-counter bulletin board. The SEC's order handling rules,
which apply to NASDAQ-listed securities don't apply to securities quoted on the
bulletin board. Although the NASDAQ stock market has rigorous listing standards
to ensure the high quality of its issuers, and can delist issuers for not
meeting those standards, the over-the-counter bulletin board has no listing
standards. Rather, it is the market maker, who chooses to quote a security on
the system, files the application and is obligated to comply with keeping
information about the issuers in its files. The NASD cannot deny an application
by a market to quote the stock of a company. The only requirement for inclusion
in the bulletin board is that the issuer be current in its reporting
requirements with the SEC.

Because stocks traded on the bulletin board are usually thinly traded, highly
volatile, have fewer market makers and are not followed by analysts, our
stockholders may have greater difficulty in selling their shares when they want
and for the price they want.

<PAGE>

Investors may have greater difficulty in getting orders filled because it is
anticipated that if our stock trades on a public market, it initially will trade
on the over-the-counter bulletin board rather than on NASDAQ. Investors' orders
may be filled at a price much different than expected when an order is placed.
Trading activity in general is not conducted as efficiently and effectively as
NASDAQ-listed securities.

Investors must contact a broker dealer to trade bulletin board securities.
Investors do not have direct access to the bulletin board service. For bulletin
board securities, there only has to be one market maker.

Bulletin board transactions are conducted almost entirely manually. Because
there are no automated systems for negotiating trades on the bulletin board,
they are conducted via telephone. In times of heavy market volume, the
limitations of this process may result in a significant increase in the time it
takes to execute investor orders. Therefore, when investors place market orders
- an order to buy or sell a specific number of shares at the current market
price - it is possible for the price of a stock to go up or down significantly
during the lapse of time between placing a market order and getting execution.

Because bulletin board stocks are usually not followed by analysts, there may be
lower trading than for NASDAQ-listed securities.

Certain Nevada corporation law provisions could prevent a potential takeover of
us that could adversely affect the market price of our common stock or deprive
you of a premium over the market price.

We are incorporated in the State of Nevada. Certain provisions of Nevada
corporation law could adversely affect the market price of our common stock.
Because Nevada corporation law requires board approval of a transaction
involving a change in our control; it would be more difficult for someone to
acquire control of us. Nevada corporate law also discourages proxy contests
making it more difficult for you and other shareholders to elect directors other
than the candidates nominated by our board of directors. Neither our articles
nor out by-laws contain any similar provisions.

ITEM 2. DESCRIPTION OF PROPERTIES

The Company's principal executive offices are located at 455 Notre Dame Street
East, Montreal, Quebec, Canada, pursuant to its lease with LYOJO Ltee, Vision
Global leases 7,000 square feet of office space at 455 Notre Dame East,
Montreal, Quebec, Canada H2Y 1C9. The office space provides the company's
programmers with office and product development space. Vision Global leases its
office space in Montreal, Quebec at the current rate of $7,009 per month. Rent
expense in fiscal 2005 and 2004 was $ 122,745 and $78,309. Future minimum lease
payments are as follows:

Year ended March 31,            2006        87,554
                                2007        88,702
                                2008        22,175
                                          --------
                                          $198,431
                                          ========

ITEM 3. LEGAL PROCEEDINGS

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

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

      No matters were submitted to a vote of security holders during the fourth
quarter of fiscal year 2005.

<PAGE>

                                     PART II

        ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Market Information

Our stock became qualified for quotation on the over-the-counter bulletin board
under the symbol VIGS in 2000. There is, at present, a very low public market
for the Vision Global common shares, and there is no assurance that any such
market will develop, or if developed, that such market will be sustained. Vision
Global common shares therefore are not a suitable investment for persons who may
have to liquidate their investment on a timely basis and are therefore only
appropriate for those investors who are able to make a long term investment in
Vision Global.

Although quotations for the company's common stock appear on the OTC Bulletin
Board, there is no established trading market for the common stock. Since
January 2001, transactions in the common stock can only be described as
sporadic. Consequently, the Company is of the opinion that any published prices
cannot be attributed to a liquid and active trading market and, therefore, is
not indicative of any meaningful market value.

The following table sets forth for the respective periods the prices of the
Company's Common Stock. Such prices are based on inter-dealer bid and asked
prices, without markup, markdown, commissions, or adjustments and may not
represent actual transactions.

DATE                HIGH             LOW             CLOSE

30-JUNE-05          0.91             0.86            0.86
31-MAR-05           1.05             0.95            1.05
31-DEC-04           0.50             0.50            0.50
30-SEPT-04          0.01             0.01            0.01
30-JUNE-04          0.00             0.01            0.01
31-MAR-04           0.02             0.02            0.02
1-MAR-04            0.04             0.02            0.02
2-FEB-04            0.04             0.03            0.03
2-JAN-04            0.05             0.03            0.04
1-DEC-03            0.08             0.04            0.05
3-NOV-03            0.06             0.02            0.04
1-OCT-03            0.05             0.02            0.03
2-SEP-03            0.04             0.02            0.04
1-AUG-03            0.04             0.02            0.03
1-JUL-03            0.05             0.02            0.03
2-JUN-03            0.05             0.01            0.03
1-MAY-03            0.10             0.02            0.02
1-APR-03            0.14             0.02            0.05
3-MAR-03            0.25             0.03            0.14
3-FEB-03            0.07             0.01            0.04
2-JAN-03            0.02             0.01            0.01
2-DEC-02            0.06             0.01            0.01
1-NOV-02            0.04             0.01            0.02
1-OCT-02            0.05             0.02            0.03
3-SEP-02            0.08             0.03            0.04
1-AUG-02            0.11             0.04            0.05
1-JUL-02            0.08             0.03            0.04
3-JUN-02            0.11             0.07            0.07
1-MAY-02            0.09             0.05            0.09
2-APR-02            0.21             0.06            0.07
4-MAR-02            0.22             0.12            0.21
6-FEB-02            0.20             0.11            0.11
4-JAN-02            0.45             0.10            0.20
12-DEC-01           0.09             0.05            0.09

<PAGE>

The payment of dividends if any in the future, shall be determined by the Board
of Directors, in its discretion and will depend on, among other things, our
earnings, our capital requirements; and our financial condition as well as other
relevant factors. We have not paid or declared any dividends to date. Holders of
common stock are entitled to receive dividends as declared and paid from time to
time by our Board of Directors from funds legally available. We intend to retain
any earnings for marketing and expansion purposes.

As of March 31, 2005, there were approximately 62,473,885 holders of record of
the Company's Common Stock.

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS

GENERAL

Special Information regarding forward looking statements.
---------------------------------------------------------

Some of the statements in this Form 10K-SB are "forward-looking statements."
These forward-looking statements involve certain known and unknown risks,
uncertainties and other factors which may cause our actual results, performance
or achievements to be materially different from any future results, performance
or achievements expressed or implied by these forward-looking statements. These
factors include, among others, the factors set forth above under "Risk Factors."
The word "believe", "expect", "anticipate", "intend", "plan", and similar
expressions identify forward-looking statements. We caution you not to place
undue reliance on these forward-looking statements. We undertake no obligation
to update and revise any forward-looking statements or to publicly announce the
result of any revision to any of the forward-looking statements in this document
to reflect any future or developments.

The following discussion of the Company's results should be read in conjunction
with the information contained in the Consolidated Financial Statements and
related Notes thereto. The following discussion provides a comparative analysis
of material changes for the year ended December 31, 2004 and 2005, in the
financial condition and results of operations of the company. The consolidated
financial statements include the accounts of Vision Global Solution Inc. and its
subsidiaries A.R.T.I. Vision Inc. and Vision R/4 Corporation.

Results of operations
---------------------

The Company's revenues and operating results have varied substantially from year
to year. The company recognizes revenue from sales of software upon evidence of
an agreement (written contract between both parties), the delivery of the
software and the determination that collection of a fix or determinable fee is
probable.

Services are always included in the sale of software and represent installation,
consulting, training and specific modifications to the software asked by the
customer. Evidence of fair value for each element is accounted for using the
percentage of completion method. When the sales of software require significant
consultation and customization or modification of the software, both software
and services are recognized in accordance with the provisions of SOP 81-1 using
the percentage of completion method based on cost inputs.

Maintenance service revenue is allocated over the term, generally one year but
up to three years. Revenues from training, consultation and technical support
are recognized as the services are performed.

REVENUES

Revenues increased from $1,654,953 for the year ended March 31, 2004, to
$1,775,017 for the year ended March 31, 2005, an increase of $120,064, primarily
as a result of an increase in software sales. Management is in the opinion that
revenues generated for the next fiscal period will continue to increase.

COSTS OF SALES

Costs of sales increased from $701,852 for the year ended March 31, 2004 to
$812,723 for the year ended March 31, 2005, an increase of $110,871, primarily
as a result the increase in the cost of sales associated with an increase in
revenues.

<PAGE>

TOTAL OPERATING EXPENSES

Total Operating Expenses increased from $1,518,260 for the year ended March 31,
2004 to $5,393,289 for the year ended March 31, 2005, an increase of $3,875,029,
primarily as a result the increase in the general and administrative expenses
resulting from the issuance of stock for services.

NET INCOME (LOSS)

Net loss for the year ended March 31, 2005 was $(3,618,272), as compared to a
net income for the year ended March 31, 2004 of $136,693, primarily as a result
of the increase in the general and administrative expenses resulting from the
issuance of stock for services.

ASSETS

CASH

Cash increased from $116,992 at March 31, 2004 to $158,251 at March 31, 2005, an
increase of $41,259, primarily as a result of the increase in revenues.

TOTAL CURRENT ASSETS

Total current assets decreased from $450,493 at March 31, 2004 to $373,002 at
March 31, 2005, a decrease of $77,491, primarily as a result of a reduction in
accounts receivable as of March 31, 2005 compared to March 31, 2004.

TOTAL CURRENT LIABILITIES

Total current liabilities decreased from $782,252 at March 31, 2004 to $755,921
at March 31, 2005, a decrease of $26,331, primarily as a result of a decrease in
accrued expenses.

The Company anticipates that its cash requirements will continue to increase as
it continues to expend substantial resources to build its infrastructure,
develop its business plan and establish its sales and marketing network
operations, customer support and administrative organizations. The Company
currently anticipates that its available cash resources and cash generated from
operations will be sufficient to meet its presently anticipated working capital
and capital expenditure requirements for the next twelve months. If the Company
is unable to maintain profitability, or seeks further expansion, additional
funding will become necessary. There can be no assurances that the Company can
realize sufficient revenues to satisfy its business plan and further, there can
be no assurance that alternative sources of financing can be procured on behalf
of the Company.

In addition, Management continues to evaluate various business opportunities for
future expansion and diversification.

<PAGE>

ACCOUNTING POLICIES SUBJECT TO ESTIMATION AND JUDGMENT

Management's Discussion and Analysis of Financial Condition and Results of
Operations are based upon our consolidated financial statements, which have been
prepared in accordance with accounting principles generally accepted in the
United States. When preparing our financial statements, we make estimates and
judgments that affect the reported amounts on our balance sheets and income
statements, and our related disclosure about contingent assets and liabilities.
We continually evaluate our estimates, including those related to revenue,
allowance for doubtful accounts, reserves for income taxes, and litigation. We
base our estimates on historical experience and on various other assumptions,
which we believe to be reasonable in order to form the basis for making
judgments about the carrying values of assets and liabilities that are not
readily ascertained from other sources. Actual results may deviate from these
estimates if alternative assumptions or condition are used.

ITEM 7. FINANCIAL STATEMENTS

See "Index to Financial Statements" for a description of the financial
statements included in this Form 10-KSB.

Consolidated balance sheet

Consolidated statements of operations

Consolidated statements of shareholders' equity

Consolidated statements of cash flows

Notes to consolidated financial statements

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE.

(a) Effective on June 21, 2005, we dismissed Malone & Bailey, PC by declining to
renew the engagement of Malone & Bailey, PC as the independent accountant
engaged to audit the financial statements of our and engaged Jewett, Schwarz &
Associates as its new independent registered public accounting firm for fiscal
year ending March 31, 2005.

Malone & Bailey, PC performed the audit of our financial statements for year
ending March 31, 2004. During this period and the subsequent interim period
prior to our declining to renew their engagement, there were no disagreements
with Malone & Bailey, PC on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure, which
disagreements if not resolved to Malone & Bailey, PC's satisfaction would have
caused Malone & Bailey, PC to make reference to this subject matter of the
disagreements in connection with Malone & Bailey, PC `s report, nor were there
any "reportable events" as such term is defined in Item 304(a)(3) of Regulation
S-B, promulgated under the Securities Exchange Act of 1934, as amended.

We determined that, although the registrant was very satisfied with the quality
of the audits prepared by Malone & Bailey, PC, a new independent certified
public accountant would be in the best interests of our shareholders. The
decision to not to renew the engagement with Malone & Bailey, PC was approved by
our Board of Directors.

The audit reports of Malone & Bailey, PC for the Registrant's year ending on
March 31, 2004 did not contain an adverse opinion, or a disclaimer of opinion,
or qualification or modification as to uncertainty, audit scope, or accounting
principles, other than the uncertainty that we might not be able to operate as a
going concern.

ITEM 8A. CONTROLS AND PROCEDURES

Evaluation of disclosure controls and procedures

      As of the end of the period covered by this report, the Company carried
out an evaluation of the effectiveness of the design and operation of its
disclosure controls and procedures pursuant to Exchange Act Rule 13a-14. This
evaluation was done under the supervision and with the participation of the
Company's Principal Executive Officer and Principal Accounting Officer. Based
upon that evaluation, the Principal Executive Officer and Principal Accounting
Officer concluded that the Company's disclosure controls and procedures are
effective in gathering, analyzing and disclosing information needed to satisfy
the Company's disclosure obligations under the Exchange Act.

<PAGE>

Changes in internal controls

      There were no changes in the Company's internal controls or in other
factors that could significantly affect those controls since the most recent
evaluation of such controls.

<PAGE>

                                    PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE
WITH SECTION 16(A) OF THE EXCHANGE ACT

EXECUTIVE OFFICERS AND DIRECTORS

The director and executive officer as of March 31, 2005 is as follows:

       NAME                AGE                POSITION
       ----                ---                --------

Jean-Paul Ouellette        62          Chairman of the Board, President Chief
                                       Executive Officer/Chief Accounting
                                       Officer/Director

Eric Ouellette             32          Director

The following is information on the business experience of each director and
officer.

JEAN-PAUL OUELLETTE. Jean-Paul Ouellette is the Chairman, President, Chief
Executive Officer and Director of Vision Global since its inception. Mr.
Ouellette formerly served as the chairman, president, CEO and a director of
Vision Ontario Inc. Mr. Ouellette founded Vision R/4 Corporation and A.R.T.I.
Vision; he also served as Vision R/4 and A.R.T.I.'s President, Secretary and
Director. He started his career in the sales department of Burroughs Business
Machine Inc. in the mid-1960's. He then worked for MAI Canada Inc. as Eastern
District Manager for eight years. In May 1979, Mr. Ouellette left MAI, and
started two of his own computer-related companies, under the names
Ridding/Ouellette Inc. and Rexin Business Machines Inc., working exclusively
with hardware manufacturers in the United States and Taiwan. Mr. Ouellette sold
both of these companies in 1987. Following the sale of Ridding and Rexin, Mr.
Ouellette was self-employed as a consultant, providing sales and marketing
advice to small organizations. In 1978, Mr. Ouellette acquired Marche au Chalet
Inc., a grocery store in Ste-Adele, Quebec, Canada previously owned by IGA (now
Sobey's). Mr. Ouellette still owns Marche au Chalet, which employs approximately
60 employees. In 1980, Mr. Ouellette acquired IGA Shawinigan, a retail grocery
company in Shawinigan, Quebec, Canada, which he sold in 1994. In May 1989, he
was Vice President of Marketing and Sales for Varnet Canada, a software company.
In 1993, Mr. Ouellette founded the Vision Group.

ERIC OUELLETTE. Eric Ouellette has been a director since the year 2001. Mr.
Ouellette presently operates his own real-estate business. His contribution to
the Company's business can be felt by his objective views and opinions delivered
to the Board.

Board of Directors Committees and Other Information

All directors hold office until the next annual meeting of stockholders and
until their successors have been duly elected and qualified. Officers are
appointed by and serve at the discretion of the Board of Directors.

The Board of Directors currently has no committees. As and when required by law,
it will establish Audit Committee and a Compensation Committee. The Audit
Committee will oversee the actions taken by our independent auditors and review
our internal financial and accounting controls and policies. The Compensation
Committee will be responsible for determining salaries, incentives and other
forms of compensation for our officers, employees and consultants and will
administer our incentive compensation and benefit plans, subject to full board
approval. The Audit Committee Charter and the Compensation Committee Charter as
attached hereto as Exhibit to this filing. The functions of the Audit Committee
and the Compensation Committee are currently performed by the Board of
Directors.

Director Compensation

Our directors do not receive cash for their service as directors. The Company
does not provide additional compensation for committee participation or special
assignments of the Board of Directors, but may enter into separate consulting
agreements with individual directors at times.

<PAGE>

CODE OF ETHICS

The Company has adopted a code of business conduct and ethics that applies to
its directors, officers, and employees, including its principal executive
officers, principal financial officer, principal accounting officer, controller
or persons performing similar functions.

COMPLIANCE WITH SECTION 16(a) OF THE SECURITIES EXCHANGE ACT OF 1934

      Section 16(a) of the Securities Exchange Act of 1934, as amended, requires
that the Company directors and executive officers, and persons who own more than
ten percent (10%) of the Company's outstanding common stock, file with the
Securities and Exchange Commission (the "Commission") initial reports of
ownership and reports of changes in ownership of Common Stock. Such persons are
required by the Commission to furnish the Company with copies of all such
reports they file. The Company's knowledge, based solely on a review of the
copies of such reports furnished to the Company and written representation, as
of March 31, 2005, all of the Section 16(a) filing requirements applicable to
its officers, directors and greater than 10% beneficial owners have been
satisfied.

ITEM 10. EXECUTIVE COMPENSATION

During the years ended March 31, 2005, and 2004, and 2003 executive compensation
was as follows:

SUMMARY COMPENSATION TABLE

The following table sets forth the information, on an accrual basis, with
respect to the compensation of our executive officers for the three years ended
December 31, 2003.

<TABLE>
<CAPTION>
                                          SUMMARY COMPENSATION TABLE
----------------------------------------------------------------------------------------------------------

                          Annual compensation                       Long-term compensation
                       -------------------------------    ----------------------------------------------
                                                                   Awards           Payouts
                                                          ------------------------  ---------
                                                                        Securities
                                                                          under-
                                                           Restricted     lying                  All other
  Name and                                Other annual       stock       options/      LTIP       compen-
 principal             Salary   Bonus     compensation      award(s)       SARs       payouts     sation
 position     Year      ($)      ($)          ($)             ($)           (#)         ($)         ($)
----------------------------------------------------------------------------------------------------------
<S>           <C>     <C>         <C>          <C>             <C>           <C>         <C>        <C>
              2005    65,000      0            0               0             0           0          0
 Jean-Paul    2004    65,000      0            0               0             0           0          0
 Ouellette    2003    65,000      0            0               0             0           0          0
----------------------------------------------------------------------------------------------------------
              2005      0         0            0               0             0           0          0
    Eric      2004      0         0            0               0             0           0          0
 Ouellette    2003      0         0            0               0             0           0          0
----------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
          Aggregated Option/SAR Exercises in Last Fiscal Year and FY-End Option/SAR Values
-----------------------------------------------------------------------------------------------------
                                                         Number of securities
                                                              underlying        Value of unexercised
                                                             unexercised            in-the-money
                                                           options/SARs at        options/SARs at
                                                              FY-end (#)             FY-end ($)
                Shares acquired on                           Exercisable/           Exercisable/
     Name          exercise (#)     Value realized ($)      Unexercisable          Unexercisable
-----------------------------------------------------------------------------------------------------
<S>                    <C>                      <C>                  <C>                  <C>
Jean-Paul
Ouellette              0                        0                    0                    0
-----------------------------------------------------------------------------------------------------
Eric
Ouellette              0                        0                    0                    0
-----------------------------------------------------------------------------------------------------
</TABLE>

Option Grants in Fiscal Year : No stock options were granted to executive
officers of the Company during the year ended March 31, 2005.

Stock Options Exercised During Fiscal Year: None

No stock options were exercised by executive officers of the Company during the
year ended March 31, 2005.

LTIP Awards During Fiscal Year: None

We did not make any long-term incentive plan awards to any executive officers or
directors during the year ended March 31, 2005.

<PAGE>

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table provides information known to us about the beneficial
ownership of our common stock as of March 31, 2005 for: (1) each person, entity
or group that is known by us to beneficially own five percent or more of our
common stock; (2) each of our directors (and former directors, as applicable);
(3) each of our named executive officers (and former officers, as applicable) as
defined in Item 402(a)(2) of Regulation S-B; and (4) our directors and executive
officers as a group. To the best of our knowledge, each stockholder identified
below has voting and investment power with respect to all shares of common stock
shown, unless community property laws or footnotes to this table are applicable.

<TABLE>
<CAPTION>
                                                             Percentage of
                                                Nature of    Shares
                                                Beneficial   Number of Shares     Beneficially
Directors and Officers (1)                      Ownership    Beneficially Owned   Owned (1)
--------------------------------------------    ----------   ------------------   ------------
<S>                                              <C>            <C>                  <C>
Jean-Paul Ouellette
455 Notre Dame Street East Montreal,
Quebec, Canada .....................             Direct         50,000,000           80.03%

Eric Ouellette
455 Notre Dame Street East Montreal,
Quebec, Canada ....................                                    -0-             -0-

Total Employees and Directors as a group (2)                    50,000,000           80.03%

Jamie Gomez                                      Direct          4,080,000            6.5%
</TABLE>

(1) Applicable percentage of beneficial ownership is based on 62,473,885 shares
issued and outstanding as of March 31, 2005. Beneficial ownership is determined
in accordance with rules and regulations of the Securities and Exchange
Commission. In computing the number of shares beneficially owned by a person and
the percentage ownership of that person, shares of common stock subject to
options or warrants held by that person that are currently exercisable or
exercisable within 60 days after March 31, 2005 are deemed outstanding, but are
not deemed outstanding for computing the percentage of any other person.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

None.

<PAGE>

             Report of Independent Registered Public Accounting Firm

To the board of directors and shareholders of
Vision Global Solutions, Inc.

We have audited the  accompanying  consolidated  balance  sheet of Vision Global
Solutions,  Inc. as of March 31, 2005 and the related consolidated statements of
operations,  changes  in  shareholders'  deficiency  and cash flows for the year
ended  March  31,  2005.  These  consolidated   financial   statements  are  the
responsibility of the Company's management.  Our responsibility is to express an
opinion on these financial  statements based on our audits. We did not audit the
consolidated   financial  statements  of  Vision  Global  Solutions,   Inc.  and
Subsidiaries  for the year ended March 31, 2004.  The  financial  statements  of
Vision Global Solutions,  Inc. and its subsidiaries as of and for the year ended
March 31, 2004 were audited by other  auditors whose report dated June 30, 2004,
expressed an unqualified opinion on those statements.

We conducted  our audit in accordance  with the standards of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test basis,  evidence  supporting  the amounts and  disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made by  management,  as well as evaluating  the overall
financial  statement  presentation.  We  believe  that  our  audits  provided  a
reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects,  the financial position of Vision Global Solutions,  Inc.
as of March 31, 2005,  and the results of its  operations and its cash flows for
the year ended March 31, 2005 in conformity with accounting principles generally
accepted in the United States.

Jewett, Schwartz, & Associates

Hollywood, Florida
June 30, 2005

<PAGE>

                          INDEPENDENT AUDITORS' REPORT

To the Board of Directors
  Vision Global Solutions, Inc.
  Montreal, Quebec, Canada

We have audited the accompanying consolidated balance sheet of Vision Global
Solutions, Inc. as of March 31, 2004, and the related consolidated statements of
operations, stockholders' deficit and cash flows for the year then ended. These
financial statements are the responsibility of Vision Global's management. Our
responsibility is to express an opinion on these financial statements based on
our audit.

We conducted our audits in accordance with standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Vision Global Solutions, Inc.
as of March 31, 2005 and the results of its operations and its cash flows for
the year then ended in conformity with accounting principles generally accepted
in the United States of America.

Malone & Bailey, PLLC
www.malone-bailey.com
Houston, Texas

June 30, 2004

<PAGE>

                          VISION GLOBAL SOLUTIONS, INC.
                           CONSOLIDATED BALANCE SHEET
                                 March 31, 2005

                  ASSETS

Current Assets
  Cash                                                              $   158,251
  Accounts receivable, net                                              214,771
                                                                    -----------
         Total Current Assets                                           373,022
                                                                    -----------
Computers and equipment, net of accumulated
  depreciation of $445,129                                               70,336
                                                                    -----------
                                                                    $   443,358
                                                                    ===========

         LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities
  Current portion of installment debt                               $   155,881
  Accounts payable                                                      152,809
  Accrued expenses                                                      128,006
  Income tax payable                                                      2,264
  Notes payable to related party                                        119,159
  Deferred revenues                                                     197,802
                                                                    -----------
         Total Current Liabilities                                      755,921
Installment debt                                                        123,779
Mandatory redeemable preferred shares, no par value,
  3% cumulative dividends due beginning March 2006,
  repayable at $6,692 per month beginning April 2008                    431,282
                                                                    -----------
         Total Liabilities                                            1,310,982
                                                                    -----------

Commitments

Stockholders' Deficit
  Common stock, Class A, no par value, unlimited shares
    authorized, 62,473,885 shares issued and outstanding              4,431,099

  Accumulated deficit                                                (5,136,650)
  Other comprehensive loss:
    Equity adjustment on foreign currency translation                  (162,073)
                                                                    -----------
         Total Stockholders' Deficit                                   (867,624)
                                                                    -----------
                                                                    $   443,358
                                                                    ===========

               See accompanying summary of accounting policies and
                         notes to financial statements.

<PAGE>

                          VISION GLOBAL SOLUTIONS, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                       Years Ended March 31, 2005 and 2004

                                                      2005             2004
                                                   ------------     ------------

Revenue                                            $  1,775,017     $  1,654,953

Cost of sales                                           812,723          701,852
Selling                                                 473,183          280,376
General & administrative                              4,026,806          487,562
Interest                                                 28,753           28,500
Bad debt                                                 39,641               --
Depreciation                                             12,183           19,970
                                                   ------------     ------------
         Total operating expenses                     5,393,289        1,518,260
                                                   ------------     ------------
         NET INCOME (LOSS)                           (3,618,272)         136,693

Income tax                                                3,963               --
                                                   ------------     ------------
                                                   $ (3,622,235)    $    136,693
                                                   ============     ============

Basic and diluted income (loss) per share          $    (0.0580)    $     0.4167

Weighted average shares outstanding                  62,473,885          328,045

               See accompanying summary of accounting policies and
                         notes to financial statements.

<PAGE>

                          VISION GLOBAL SOLUTIONS, INC.
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT
                       Years Ended March 31, 2005 and 2004

<TABLE>
<CAPTION>
                                 Common Stock - Class A       Common Stock - Class B
                                 Shares         Amount         Shares         Amount
                               -----------    -----------   -----------    -----------
<S>                             <C>           <C>             <C>          <C>
Balances, March 31, 2003        31,995,825    $   515,973       344,000    $   234,126

Issuance of stock for
  services                         750,000         37,500

Correction of shares
   outstanding                      58,600
                               -----------    -----------   -----------    -----------

Balances, March 31, 2004        32,804,425        553,473       344,000        234,126

Issuance of stock for
   services                     14,500,000         43,500
                               -----------    -----------   -----------    -----------
                                47,304,425        596,973       344,000        234,126

Reverse split of Class A
   Shares 100/1                (46,831,381)

Correction due to rounding
   from reverse split                  841

Conversion of Class B shares
for 1,000,000 preferred
shares which were converted
for Class A shares at 1/50      50,000,000        234,126      (344,000)      (234,126)

Issuance of stock for
    services                    12,000,000      3,600,000
                               -----------    -----------   -----------    -----------

Balances, March 31, 2005        62,473,885    $ 4,431,099            --    $        --
                               ===========    ===========   ===========    ===========
</TABLE>

               See accompanying summary of accounting policies and
                         notes to financial statements.

<PAGE>

                          VISION GLOBAL SOLUTIONS, INC.
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT
                       Years Ended March 31, 2005 and 2004

                                                   Compre-
                                   Accumulated     hensive
                                   (Deficit)       (Loss)         Totals
                                  -----------    -----------    -----------
Balances, March 31, 2003          $(1,651,108)   $    49,090    $  (851,919)

Issuance of stock for services         37,500

Net income                            136,693        136,693

Net change in foreign
  currency valuation                 (137,415)      (137,415)
                                  -----------    -----------    -----------

Balances, March 31, 2004           (1,514,415)       (88,325)      (815,141)

Net loss                           (3,622,235)    (3,622,235)

Issuance of shares for services     3,643,500

Net change in foreign
  currency valuation                  (73,748)       (73,748)
                                  -----------    -----------    -----------

Balances, March 31, 2005          $(5,136,650)   $  (162,073)   $  (867,624)
                                  ===========    ===========    ===========

               See accompanying summary of accounting policies and
                         notes to financial statements.

<PAGE>

                                            VISION GLOBAL SOLUTIONS, INC.
                                        CONSOLIDATED STATEMENTS OF CASH FLOW
                                         Years Ended March 31, 2005 and 2004

                                                        2005           2004
                                                    -----------    -----------
Cash Flows Used in Operating Activities
  Net Income (Loss)                                 $(3,622,235)   $   136,693
  Adjustments to reconcile net income to net cash
    provided by (used in) operating activities:
    Issuance of stock for services                    3,643,500         37,500
    Depreciation                                         12,183         19,970
  Changes in:
   Accounts receivable                                  118,730       (143,968)
   Accounts payable                                      (2,458)      (130,480)
   Accrued expenses                                    (170,807)       298,813
   Income taxes payable                                   2,264             --
   Deferred revenues                                     76,841         14,139
                                                    -----------    -----------
  Net Cash Used in Operating Activities                  58,018        232,667
                                                    -----------    -----------
Cash Flows Used in Investing Activities
  Purchase of Computers and equipment                        --        (79,538)
  Collection of note receivable                              --         11,870
                                                    -----------    -----------
  Net Cash Used in Investing Activities                      --        (67,668)
                                                    -----------    -----------

Cash Flows Provided by Financing Activities
  Proceeds from loans by a related party                 35,395         83,764
  Payments on installment debt                          (45,717)       (40,974)
  Payments on bank loan                                      --        (19,163)
                                                    -----------    -----------
  Net Cash Provided by Financing Activities             (10,322)        23,627
                                                    -----------    -----------
Effect of Exchange Rate Changes on Cash                  (6,437)       (73,292)
                                                    -----------    -----------
Net increase (decrease) in cash                          41,259        115,334

Cash at beginning of year                               116,992          1,658
                                                    -----------    -----------

Cash at end of year                                 $   158,251    $   116,992
                                                    ===========    ===========

Cash paid during the year for:
  Interest                                          $    28,753    $    28,500
  Income taxes                                            1,699              0

               See accompanying summary of accounting policies and
                         notes to financial statements.

<PAGE>

                          VISION GLOBAL SOLUTIONS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF ACCOUNTING POLICIES

Vision Ontario, Inc. was incorporated in Quebec, Canada on October 10, 2000.
Vision/R4 Canada, Inc. was incorporated in Quebec on November 21, 1996. It was
renamed Vision/R4 Corporation on February 15, 1999. A.R.T.I. Vision, Inc. was
incorporated in Quebec on December 5, 1994. All three entities were under common
control and merged in 2000. On December 20, 2000, the consolidated entity merged
with an inactive Quebec entity named Outer Edge Holdings, Inc. and renamed the
combined entity as Vision Global Solutions, Inc.

Vision Global markets, under the name Apogee, an integrated accounting and
management software that allows companies to apply an activity-based management
solution, a common sense systematic method of planning, controlling and
improving labor and overhead expenses, to their businesses-management models.
Vision Global holds a license from the third-party software developer. The
license requires Vision Global to purchase the software and has minimum purchase
requirements of 150 copies per month.

Management Estimates. The preparation 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
amounts of assets, liabilities, revenues and expenses, as well as certain
financial statement disclosures. While management believes that the estimates
and assumptions used in the preparation of the financial statements are
appropriate, actual results could differ from these estimates.

Cash Equivalents. Highly liquid investments with original maturities of three
months or less are considered cash equivalents.

Other comprehensive income represents changes in the value of the Canadian
dollar relative to the U.S. dollar. As of each balance sheet date, Vision Global
translates its assets and liabilities into U.S. dollars at the exchange rate in
effect on that date. There are no hedging contracts. Revenues and expenses
during each period are translated at the average exchange rates of those
periods. Equity accounts are translated at historical amounts. Translation
adjustments are deferred in the equity account, Other Comprehensive Income
(Loss), a separate component of Stockholders' Equity.

Revenue Recognition. Revenue is recognized when the earning process is complete
and the risks and rewards of ownership have transferred to the customer, which
is generally considered to have occurred upon delivery and acceptance of
software products or the performance of the services. Refunds are given to
unhappy customers. Refunds are netted against sales if they occur in the year of
the sale and are recorded as bad debts if they occur in the following year.
Vision Global offers an independent warranty for a 1-year period for an
agreed-upon up-front payment. It collects the amount up front and amortizes the
revenue over the term of the coverage, with the unearned portion shown as
deferred revenue.

Sales agreements may contain certain elements other than the software licenses
such as installation, consulting, training and specific modifications to the
software requested by the customer. For multiple elements arrangements, Vision
Global establishes vendor-specific objective evidence of fair value of the
multiple elements based upon the price established by management having the
relevant authority and certainty that the price will not change before the
separate introduction of the element into the marketplace.

<PAGE>

An allowance for doubtful accounts is provided based on credit experience. As of
March 31, 2005, management has established an allowance of $35,000.

Long-lived Assets. Property and equipment are stated on the basis of historical
cost less accumulated depreciation. Depreciation is provided using the
straight-line method over the 3- or 7-year estimated useful lives of the assets.

Impairment losses are recorded on long-lived assets used in operations when
indicators of impairment are present and the undiscounted cash flows estimated
to be generated by those assets are less than the assets' carrying amount. No
impairment losses have been recorded since inception.

Income Taxes. Canadian income tax expense is based on reported earnings before
income taxes. Deferred income taxes reflect the impact of temporary differences
between assets and liabilities recognized for financial reporting purposes and
such amounts recognized for tax purposes, and are measured by applying enacted
tax rates in effect in years in which the differences are expected to reverse.

Earnings per Share. Basic earnings per share equals net earnings divided by
weighted average shares outstanding during the year. Diluted earnings per share
include the impact of common stock equivalents using the treasury stock method
when the effect is dilutive.

Recent Accounting Pronouncements. Vision Global does not expect the adoption of
recently issued accounting pronouncements to have a significant impact on its
results of operations, financial position or cash flow.

NOTE 2 - COMPUTERS AND EQUIPMENT

A summary is as follows:
                                      Estimated         Amount,
                                      Useful Lives     at cost
                                      ------------    ---------
Computers                             3 years         $275,085
Software                              3 years           97,683
Equipment and furniture               3 - 7 years      142,697
                                                      --------
                                                       515,465
Less:  accumulated depreciation                      (445,129)
                                                      --------
                                                      $ 70,336
                                                      ========

<PAGE>

NOTE 3 - INSTALLMENT NOTES PAYABLE

<TABLE>
<S>                                                                                   <C>
         Loan from Investment Quebec, payable
         in monthly installments of $4,240 per month,
         including interest at 7% APR, unsecured                                       $ 143,691

         Loan from the Canadian government, payable in 4 annual installments
         beginning June 2002 with no payments made to date, no interest and no
         collateral                                                                       83,683

         Loan from Caisse Populaire Credit Union, payable in monthly
         installments of $2,028 plus interest
         at bank's prime + 3%, no collateral                                              52,286

                                                                                       ---------
                                                                                         279,660
         Less:  current portion                                                         (155,881)
                                                                                       ---------
                                                                                       $ 123,779
                                                                                       =========
</TABLE>

Installment debt is repayable as follows:

<TABLE>
<S>                                                        <C>                         <C>
                                                           Year ended March 31, 2006   $ 155,881
                                                                                2007      75,528
                                                                                2008      48,251
                                                                                       ---------
                                                                                       $ 279,660
                                                                                       =========
</TABLE>

NOTE 4 - ACCRUED EXPENSES

Accrued expenses consist of:

<TABLE>
<S>                                                                                    <C>
         Sales and payroll taxes                                                       $ 172,714
                                                                                       =========
</TABLE>

NOTE 5 - CONCENTRATIONS

Customers A accounted for $ 536,000 or 31% of total sales in fiscal 2005. No
other customers or vendors accounted for as much as 10% of sales or purchases
during fiscal 2005.

NOTE 6 - COMMITMENTS

Vision Global leases its office space in Montreal, Quebec at the current rate of
$7,009 per month. Rent expense in fiscal 2005 and 2004 was $ 122,745 and
$78,309. Future minimum lease payments are as follows:

Year ended March 31,                  2006     87,554
                                      2007     88,702
                                      2008     22,175
                                             --------
                                             $198,431
                                             ========

<PAGE>

NOTE 7 - INCOME TAXES

Deferred income taxes arise from timing differences resulting from income and
expense items reported for financial accounting and tax purposes in different
periods. A deferred tax asset valuation allowance is recorded when it is more
likely than not that deferred tax assets will not be realized. There are no
deferred taxes as of March 31, 2005.

There was no income tax expense for the years ended March 31, 2005 and 2004.

The Company's tax expense (benefit) differs from the "expected" tax expense
(benefit) for the years ended March 31, 2005 and 2004 (computed by applying the
Canadian Corporate tax rate of 38% to loss before taxes), as follows:

                                                2005           2004
                                            -----------    -----------
Computed "expected" tax expense (benefit)   $(1,374,000)   $    52,000
                                            -----------    -----------
Benefit of operating loss carryforwards              --        (52,000)
                                            -----------    -----------
Valuation allowance                           1,374,000
                                            ===========    ===========
                                            $        --    $        --
                                            ===========    ===========

The effects of temporary differences that gave rise to significant portions of
deferred tax assets and liabilities at March 31, 2005 are as follows:

Deferred tax assets:                           2005
                                          -----------
Current deferred tax assets               $   575,000

Net operating loss carryforward             1,374,000
                                          -----------
Total gross deferred tax assets             1,949,000
Less valuation allowance                   (1,949,000)
                                          -----------
Net deferred tax assets                   $        --
                                          ===========

The Company has a net operating loss carryforward of approximately $5,136,000
available to offset future taxable income through 2019.

<PAGE>

ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K

The following documents are filed as a part of this report or are incorporated
by reference to previous filings, if so indicated:

A.      Exhibits

3.1   Company's Certificate of Incorporation (1)
3.2   Company's Bylaws (1)
3.3   Audit Committee Charter (2)
3.4   Compensation Committee Charter (2)
14    Code of Ethics (2)
23.1  Consent of Independent Auditors (3)
31.1  Certification of Chief Executive Officer Pursuant to Section 302 of the
      Sarbanes-Oxley Act. (3)
31.2  Certification of Principal Financial and Accounting Officer Pursuant to
      Section 302 of the Sarbanes-Oxley Act. (3)
32.1  Certification of Chief Executive Officer Pursuant to Section 906 of the
      Sarbanes-Oxley Act. (3)
32.2  Certification of Chief Accounting Officer Pursuant to Section 906 of the
      Sarbanes-Oxley Act. (3)

(1) Incorporated herein by this reference to the Company's Registration
Statement on form 20-F filed with the Securities Exchange Commission on October
17, 2001.

(2) Incorporated herein by this reference to the Company's Annual Report on Form
10-KSB for the year ended March 31, 2004, filed with the Securities Exchange
Commission on September 15, 2004.

(3) Filed herewith.

      B. Reports on Form 8-K

On February 17, 2004, the Company announced on Form 8-K, that the Company
engaged Malone & Bailey, PLLC as its principal accountant to replace its former
principal accountant, Gilles Heon Chartered Accountant (GH).

ITEM 14: PRINCIPAL ACCOUNTANT FEES AND SERVICES

Year ended March 31, 2005

Audit Fees: The aggregate fees, including expenses, billed by the Company's
principal accountant in connection with the audit of our consolidated financial
statements for the most recent fiscal year and for the review of our financial
information included in our Annual Report on Form 10-KSB; and our quarterly
reports during the fiscal year ending March 31, 2005 was $12,500.

Audit Related Fees: The aggregate fees, including expenses, billed by the
Company's principal accountant for services reasonably related to the audit for
the fiscal year ending March 31, 2005 was none.

All Other Fees: The aggregate fees, including expenses, billed for all other
services rendered to the Company by its principal accountant during fiscal year
ending March 31, 2005 was none.

Year ended March 31, 2004

Audit Fees: The aggregate fees, including expenses, billed by the Company's
principal accountant in connection with the audit of our consolidated financial
statements for the most recent fiscal year and for the review of our financial
information included in our Annual Report on Form 10-KSB; and our quarterly
reports during the fiscal year ending March 31, 2004 was $1,100.

<PAGE>

Audit Related Fees: The aggregate fees, including expenses, billed by the
Company's principal accountant for services reasonably related to the audit for
the fiscal year ending March 31, 2004 was none.

All Other Fees: The aggregate fees, including expenses, billed for all other
services rendered to the Company by its principal accountant during fiscal year
ending March 31, 2004 was none.

<PAGE>

                                   SIGNATURES

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

                                       VISION GLOBAL SOLUTIONS INC.

                                       By /s/ JEAN-PAUL OUELLETTE
                                       -----------------------------------------
                                       JEAN-PAUL OUELLETTE
                                       Chief Executive Officer

                                                             Date: July 19, 2005

                                       VISION GLOBAL SOLUTIONS INC.

                                       By /s/ JEAN-PAUL OUELLETTE
                                       -----------------------------------------
                                       JEAN-PAUL OUELLETTE
                                       Chief Accounting Officer

                                                             Date: July 19, 2005

      \In accordance with the requirements of the Securities Act of 1933, this
registration statement was signed by the following persons in the capacities and
on the dates stated:

<TABLE>
<CAPTION>
               Signatures                               Title                          Date
<S>                                            <C>                                  <C>
       By /s/ JEAN-PAUL OUELLETTE              Chairman of the Board, Chief
------------------------------------------     Accounting Officer, President,       July 19, 2005
         JEAN-PAUL OUELLETTE                   Director

        By /s/ ERIC OUELLETTE                  Director                             July 19, 2005
------------------------------------------
           ERIC OUELLETTE
</TABLE>