================================================================================

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


                                   FORM 10-KSB/A


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

                        For the Year ended March 31, 2006
                        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 is not required to file reports pursuant to Section 13
or 15(d) of the Exchange Act. |_|

================================================================================

<PAGE>

      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 |_|

      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: $1,308,562.

      State  the   aggregate   market   value  of  the  voting   stock  held  by
non-affiliates  of the  registrant on August 10, 2006,  computed by reference to
the price at which the stock was sold on that date: $1,107,755.

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


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.

      62,713,885 shares of Common Stock, no par value, as of August 11, 2006.

      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, 2006

                                TABLE OF CONTENTS

                                                                            PAGE

                                     PART I

Item 1.  Description of the Business.......................................   1
Item 2.  Description of the Property.......................................   11
Item 3.  Legal Proceedings.................................................   11
Item 4.  Submission of Matters to Vote of Security Holders.................   12

                                PART II

Item 5.  Market for Common Equity and Related Stockholder Matters..........   13
Item 6.  Management's Discussion and Analysis..............................   14
Item 7.  Financial Statements..............................................   18
Item 8.  Changes in and Disagreements with Accountants on Accounting and
             Financial Disclosure..........................................   18
Item 8A. Controls and Procedures...........................................   18
Item 8B. Other Information.................................................   18


                               PART III

Item 9.  Directors, Executive Officers, Promoters and Control Persons......   19
Item 10. Executive Compensation............................................   21
Item 11. Security Ownership of Certain Beneficial Owners and Management....   23
Item 12. Certain Relationships and Related Transactions....................   24

                                PART IV

Item 13. Exhibits .........................................................   26
Item 14  Principal Accountant Fees and Services ...........................   26

Signatures
............................................................................   28

<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
200,000,000  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, 2006.

Lines of credits
----------------

As of March 31, 2006, 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.

Zimbabwe Agreement
------------------

On October 11, 2005, we executed an  "Agreement  for the Joint  Development  and
Supply of Computer  Equipment to National Social Security Authority Head Offices
and Regional  Offices" with the National  Social  Security  Authority  (NSSA) of
Zimbabwe. Existing currency changes between our dollar and the Zimbabwe currency
do not permit us at this time to determine the value of this contract.

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.

<PAGE>

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.

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.

<PAGE>

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 2006 and 2005 was $98,047 and $122,745.  Future  minimum lease
payments are as follows:


   Year ended March 31,          2007                    88,702
                                 2008                    22,175
                                                      ---------
                                                      $ 115,618
                                                      =========

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 2006.


<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-06                 0.04              0.04             0.04
31-MAR-06                  0.14              0.14             0.14
31-DEC-05                  0.40              0.40             0.40
30-SEPT-05                 0.50              0.50             0.50
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.


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.

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  decreased  from  $1,775,017  for the year  ended  March 31,  2005,  to
$1,308,562 for the year ended March 31, 2006, a decrease of $466,455,  primarily
as a result of a decrease in software sales.

COSTS OF SALES

Costs of sales  decreased  from  $812,723  for the year ended  March 31, 2005 to
$525,552 for the year ended March 31, 2006, a decrease of $287,171, primarily as
a result  the  decrease  in the  cost of sales  associated  with a  decrease  in
software sales.


<PAGE>

TOTAL OPERATING EXPENSES

Total Operating  Expenses decreased from $5,393,289 for the year ended March 31,
2005 to $1,715,383  for the year ended March 31, 2006, a decrease of $3,667,906,
primarily as a result the decrease in the general and administrative expenses as
a result of no  issuance  of stock for  services  as in the year ended March 31,
2005 .

NET INCOME (LOSS)

Net loss for the year ended March 31, 2006 was $(406,821),  as compared to a net
loss for the year ended March 31, 2005 of ($3,622,235), primarily as a result of
the decrease in the general and administrative expenses.

ASSETS

CASH

Cash increased from $116,992 at March 31, 2004 to $158,251 at March 31, 2006, an
increase of $41,259, primarily as a result of the increase in revenues.

TOTAL CURRENT ASSETS

Total  current  assets  decreased  from $373,002 at March 31, 2005 to $19,791 at
March 31, 2006,  primarily as a result of a reduction in accounts  receivable as
of March 31, 2006 compared to March 31, 2005.

TOTAL CURRENT LIABILITIES

Total  liabilities  increased  from  $755,921 at March 31, 2005 to $1,574,887 at
March  31,  2006,  primarily  as a  result  of debt  from  mandatory  redeemable
preferred shares.


LIQUIDITY AND CAPITAL RESOURCES


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.

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.


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.

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.

ITEM 8B. OTHER INFORMATION.

None.


<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, 2006 is as follows:

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

Jean-Paul Ouellette     63      Chairman of the Board, President Chief Executive
                                Officer/ Chief Accounting Officer/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.

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.


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.


<PAGE>

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, 2006,  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, 2006, 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
NAME AND                                                        RESTRICTED   UNDERLYING
PRINCIPAL                                       OTHER ANNUAL      STOCK        OPTIONS/      LTIP        ALL OTHER
POSITION      YEAR        SALARY      BONUS     COMPENSATION     AWARD(S)        SARS      PAYOUTS     COMPENSATION
                            ($)        ($)           ($)           ($)           (#)          ($)           ($)
-------------------------------------------------------------------------------------------------------------------
<S>           <C>         <C>             <C>               <C>          <C>          <C>         <C>           <C>
-------------------------------------------------------------------------------------------------------------------
              2006        65,000          0                 0            0            0           0             0
Jean-Paul     2005        65,000          0                 0            0            0           0             0
Ouellette     2004        65,000          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       VALUE OF UNEXERCISED
                                                                   UNDERLYING UNEXERCISED   IN-THE-MONEY OPTIONS/SARS
                                                                 OPTIONS/SARS AT FY-END (#)       AT 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
---------------------------------------------------------------------------------------------------------------------
</TABLE>


Option  Grants in Fiscal  Year : No stock  options  were  granted  to  executive
officers of the Company during the year ended March 31, 2006.

Stock Options Exercised During Fiscal Year: None

No stock options were exercised by executive  officers of the Company during the
year ended March 31, 2006.

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, 2006.


<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, 2006 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
64.3%

Total Employees and Directors as a group (1)                          50,000,000           64.3%
</TABLE>


(1) Applicable  percentage of beneficial ownership is based on 77,693,885 shares
issued and outstanding as of March 31, 2006.  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, 2006 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>

                          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. (the  "Company") as of March 31, 2006 and 2005, and the related
consolidated statements of operations,  stockholders' deficit and cash flows for
the years then ended.  These financial  statements are the responsibility of the
Company'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,  2006 and 2005 and the  results of its  operations  and its cash
flows  for the  years  then  ended  in  conformity  with  accounting  principles
generally accepted in the United States of America.


The  accompanying  financial  statements  referred  to above have been  prepared
assuming  that the Company  will  continue as a going  concern.  As shown in the
financial  statements,  the  Company  incurred  a net loss of  $406,821  for the
current year. At March 31, 2006,  current  liabilities  exceed current assets by
$777,815 and total liabilities exceed total assets by $1,252,314. These factors,
and the others discussed in Note 1, raise  substantial doubt about the Company's
ability to continue as a going concern.  The financial statements do not include
any adjustments  relating to the  recoverability  and classification of recorded
assets,  or the  amounts  and  classifications  of  liabilities  that  might  be
necessary in the event the Company cannot continue in existence.


/s/ Jewett, Schwartz, and Associates
Hollywood, Florida
August 10, 2006


<PAGE>

                          VISION GLOBAL SOLUTIONS, INC.
                           CONSOLIDATED BALANCE SHEET
                                 March 31, 2006

                     ASSETS

Current Assets
  Cash                                                              $    19,791
  Accounts receivable, net                                              275,569
                                                                    -----------
           Total Current Assets                                         295,360
                                                                    -----------
Computers and equipment, net of accumulated
  depreciation of $510,195                                               27,213
                                                                    -----------
                                                                    $   322,573
                                                                    ===========

           LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities
  Current portion of installment debt                               $   164,222
  Accounts payable                                                      173,657
  Accrued expenses                                                      142,503
  Income tax payable 2,360
  Notes payable to related party                                        196,322
  Notes payable                                                         221,898
  Deferred revenues                                                     172,213
                                                                    -----------
           Total Current Liabilities                                  1,073,175

Installment debt                                                         52,070
Mandatory redeemable preferred shares, no par value,
  3% cumulative dividends due beginning March 2006,
  repayable at $6,692 per month beginning April 2008                    449,642
                                                                    -----------
           Total Liabilities                                          1,574,887
                                                                    -----------
Commitments and Contingencies

Stockholders' Deficit
  Preferred stock, 5,000,000 shares authorized, $0.001
    par value, no shares issued and outstanding                              --
  Common stock, 200,000,000 authorized, consisting of
   Class A, no par value, 62,713,885shares issued
   and outstanding                                                    4,499,299
  Accumulated deficit                                                (5,543,471)
  Other comprehensive loss:
    Equity adjustment on foreign currency translation                  (208,142)
                                                                    -----------
           Total Stockholders' Deficit                               (1,252,314)
                                                                    -----------
                                                                    $   322,573
                                                                    ===========

   The accompanying notes are an integral part of these financial statements.

<PAGE>

                          VISION GLOBAL SOLUTIONS, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                       Years Ended March 31, 2006 and 2005


                                                    2006                2005
                                                ------------       ------------
Revenue                                         $  1,308,562       $  1,775,017


Cost of sales                                        525,552            812,723
Selling                                              402,462            473,183
General & administrative                             635,544          4,026,806
Interest                                              75,692             28,753
Bad debt                                              31,046             39,641
Depreciation                                          45,087             12,183
                                                ------------       ------------
           Total operating expenses                1,715,383          5,393,289
                                                ------------       ------------
NET LOSS BEFORE INCOME TAX                          (406,821)        (3,618,272)

           Income tax                                     --              3,963
                                                ------------       ------------
NET LOSS                                        $   (406,821)      $ (3,622,235)
                                                ============       ============

Basic and diluted loss per share                $      (0.01)      $      (0.08)
                                                ============       ============

Weighted average shares outstanding               62,593,885         47,639,155
                                                ============       ============

   The accompanying notes are an integral part of these financial statements.

<PAGE>

                          VISION GLOBAL SOLUTIONS, INC.
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT
                       Years Ended March 31, 2006 and 2005

<TABLE>
<CAPTION>

                                       Common Stock - Class A               Common Stock - Class B
                                     Shares             Amount            Shares             Amount
                                  ------------       ------------      ------------       ------------
<S>                                 <C>              <C>                    <C>           <C>
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                --                 --

Issuance of stock for
  services                             240,000             68,200

                                  ------------       ------------      ------------       ------------

Balances, March 31, 2006            62,713,885       $  4,499,299                --       $         --
                                  ============       ============      ------------       ------------
</TABLE>


   The accompanying notes are an integral part of these financial statements.

<PAGE>

                          VISION GLOBAL SOLUTIONS, INC.
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT
                       Years Ended March 31, 2006 and 2005

<TABLE>
<CAPTION>

                                       Retained          Comprehensive
                                       (Deficit)            (Loss)               Total
                                     -------------       -------------       -------------
<S>                                  <C>                 <C>                 <C>
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)

Net loss                                  (406,821)                               (406,821)

Issuance of shares for services                                                     68,200

Net change in foreign
  currency valuation                                           (46,069)            (46,069)
                                     -------------       -------------       -------------

Balances, March 31, 2006             $  (5,543,471)      $    (208,142)      $  (1,252,314)
                                     =============       =============       =============
</TABLE>


   The accompanying notes are an integral part of these financial statements.

<PAGE>

                          VISION GLOBAL SOLUTIONS, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOW
                       Years Ended March 31, 2006 and 2005

<TABLE>
<CAPTION>

                                                               2006              2005
                                                           -----------       -----------
<S>                                                        <C>                <C>
Cash Flows Used in Operating Activities
  Net Income (Loss)                                        $  (406,821)       $(3,622,235)
  Adjustments to reconcile net income to net cash
    provided by (used in) operating activities:
    Issuance of stock for services                              68,200         3,643,500
    Depreciation                                                45,087            12,183
  Changes in:
   Accounts receivable                                         (60,798)          118,730
   Accounts payable                                             20,848            (2,458)
   Accrued expenses                                             14,497          (170,807)
   Income taxes payable                                             --             2,264
   Deferred revenues                                           (25,589)           76,841
                                                           -----------       -----------
  Net Cash Provided by (Used in) Operating Activities         (344,576)           58,018
                                                           -----------       -----------

Cash Flows Provided by Financing Activities
  Proceeds from loans by a related party                        77,163            35,395
  Payments on installment debt                                 (63,368)          (45,717)
  Proceeds from note payable                                   221,898                --
                                                           -----------       -----------
  Net Cash Provided by (Used in) Financing Activities          235,693           (10,322)
                                                           -----------       -----------
Effect of Exchange Rate Changes on Cash                        (29,577)           (6,437)
                                                           -----------       -----------
Net increase (decrease) in cash                               (138,460)           41,259

Cash at beginning of year                                      158,251           116,992
                                                           -----------       -----------

Cash at end of year                                        $    19,791       $   158,251
                                                           ===========       ===========

Cash paid during the year for:
  Interest                                                 $    75,692       $    28,753
                                                           ===========       ===========
  Income taxes                                             $        --       $     1,699
                                                           ===========       ===========
</TABLE>


   The accompanying notes are an integral part of these financial statements.

<PAGE>

                         VISION GLOBAL SOLUTIONS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1 - SUMMARY OF ACCOUNTING POLICIES

A.R.T.I.  Vision, Inc. was incorporated in Quebec on December 5, 1994. Vision/R4
Canada,  Inc. was  incorporated  in Quebec on November 21, 1996.  It was renamed
Vision/R4   Corporation  on  February  15,  1999.   Vision  Ontario,   Inc.  was
incorporated  in Quebec,  Canada on October 10, 2000.  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. (the "Company").

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  business-management  models.
Vision  Global  holds a license from the  third-party  software  developer.  The
license  requires  Vision  Global to  purchase  the  software  and has a minimum
purchase requirement 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.

Going Concern.  These financial  statements have been prepared assuming that the
Company  will  continue  as a going  concern.  The  Company  has  operating  and
liquidity concerns,  current liabilities  exceeded current assets by $777,815 at
March 31,  2006,  incurred a net loss of $406,821  and net cash of $344,576  was
used in operations  during the year. These conditions  raise  substantial  doubt
about the  Company's  ability to  continue  as a going  concern.  The  financial
statements do not include any adjustments to reflect the possible future effects
on  the   recoverability  and  classification  of  assets  or  the  amounts  and
classification  of  liabilities  that  may  result  from  the  outcome  of these
uncertainties.

The Company's  continued existence is dependent upon its ability to successfully
execute  its  business  plan.  The  financial  statements  do  not  include  any
adjustments  to reflect the possible  future effects on the  recoverability  and
classification  of  liabilities  that  may  result  from  the  outcome  of  this
uncertainty.

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.


<PAGE>

An allowance for doubtful accounts is provided based on credit experience. As of
March 31,  2006,  Vision  Global's  allowance  was  $73,066,  as  determined  by
management.

Computers   and   Equipment.   Computers  and  equipment  are  stated  at  cost.
Depreciation  is computed  using the  straight-line  method  over the  estimated
useful  lives of the  related  assets,  which  range from three to seven  years.
Repairs and maintenance  that do not extend the assets useful lives are expensed
as incurred.

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 net income  (loss) per share is computed by dividing
net income (loss) by the weighted  average  number of common shares  outstanding
during the  reporting  period.  Diluted net income  (loss) per share is computed
similarly  to basic net income  (loss) per share  except  that it  includes  the
potential  dilution that could occur if diluted  securities were exercised.  For
the  period  presented,  the  Company  did not  have  any  outstanding  dilutive
securities,  and, accordingly,  diluted net loss per share equals basic net loss
per share.

Fair Value of Financial Instruments. The fair value of a financial instrument is
the amount at which the instrument  could be exchanged in a current  transaction
between willing parties other than in a forced sale or liquidation.

The carrying  amounts of the Company's  financial  instruments,  including cash,
accounts  receivable,  accounts  payable  and  accrued  liabilities,  income tax
payable  and related  party  payable  approximate  fair value due to their short
maturities.

Recent  Accounting  Pronouncements.   In  May  2005,  the  Financial  Accounting
Standards  Board  ("FASB")  issued SFAS No. 154,  "Accounting  Changes and Error
Corrections, a replacement of Accounting Principles Board ("APB") Opinion No. 20
and  SFAS No.  3." SFAS No.  154  requires  retrospective  application  to prior
periods'  financial  statements of a voluntary  change in  accounting  principle
unless it is impracticable. APB Opinion No. 20, "Accounting Changes," previously
required that most  voluntary  changes in accounting  principle be recognized by
including  in net income of the period of the  change the  cumulative  effect of
changing to the new accounting principle.  SFAS No. 154 became effective for the
Company on April 1, 2006. The Company believes that the adoption of SFAS No. 154
will not have a material impact on the financial statements.


<PAGE>

In  December  2004,  the FASB issued SFAS No.  153,  "Exchanges  of  Nonmonetary
Assets,  an  amendment  of APB  Opinion  No.  29." SFAS No.  153 is based on the
principle that  exchanges of nonmonetary  assets should be measured based on the
fair  value of the  assets  exchanged.  APB  Opinion  No.  29,  "Accounting  for
Nonmonetary  Transactions,"  provided  an  exception  to its  basic  measurement
principle  (fair value) for exchanges of similar  productive  assets.  Under APB
Opinion No. 29, an exchange of a productive asset for a similar productive asset
was  based on the  recorded  amount  of the  asset  relinquished.  SFAS No.  153
eliminates  this  exception  and replaces it with an exception  for exchanges of
nonmonetary  assets that do not have commercial  substance.  SFAS No. 153 became
effective for the Company as of July 2, 2005, and did not have a material impact
on the financial statements.


In December  2004,  the FASB issued SFAS No. 123  (revised  2004),  "Share Based
Payment"  ("SFAS No.  123(R)").  SFAS No. 123(R)  supersedes APB Opinion No. 25,
"Accounting for Stock Issued to Employees,"  and amends SFAS No. 95,  "Statement
of Cash Flows." SFAS No. 123(R)  requires  companies to measure all  stock-based
compensation  awards  using a fair value  method and record such  expense in its
financial statements. The Company does not believe that the adoption of SFAS No.
123(R) will have a material effect on the financial statements.

NOTE 2 - COMPUTERS AND EQUIPMENT

A summary is as follows:


                                                Estimated            Amount,
                                             Useful Lives            at cost
                                            -------------            ---------
       Computers                                  3 years            $ 286,795
       Software                                   3 years              101,841
       Equipment and furniture                3 - 7 years              148,772
                                                                     ---------
                                                                       537,408
       Less:  accumulated depreciation                                (510,195)
                                                                     ---------
                                                                     $  27,213
                                                                     =========


Depreciation  expense  totaled $45,087 and $12,183 for the years ended March 31,
2006 and 2005, respectively.

NOTE 3 - INSTALLMENT NOTES PAYABLE

<TABLE>

<CAPTION>

<S>                                                                                         <C>
       Loan from Investment Quebec, payable
       in monthly installments of $4,748 per month,
       including interest at 7% APR, unsecured                                              $ 101,792

       Loan from the Canadian government, payable in 4 annual installments
       beginning June 2002 with no payments made to date, no interest and no
       collateral                                                                              87,244

       Loan from Caisse Populaire Credit Union, payable in monthly
       installments of $2,271 plus interest
       at bank's prime + 3%, no collateral                                                     27,256
                                                                                            ---------

                                                                                              216,292
       Less:  current portion                                                                (164,222)
                                                                                            ---------
                                                                                            $  52,070
                                                                                            =========
</TABLE>


<PAGE>

Installment debt is repayable as follows:


<TABLE>
<CAPTION>

<S>                                                    <C>                                  <C>
                                                       Year ended March 31, 2007            $ 164,222
                                                                            2008               52,070
                                                                                            ---------
                                                                                            $ 216,292
                                                                                            =========

NOTE 4 - ACCRUED EXPENSES

Accrued expenses consist of:

           Sales and payroll taxes                                                          $ 142,503
                                                                                            =========
</TABLE>


NOTE 5 - NOTE PAYABLE - RELATED PARTY

The  Companies  executive  officer has paid on behalf of the  Company  operating
expenses. As of March 31, 2006 the executive has paid a total of $ 77,163 during
the year. The amounts are non-interest bearing and are payable upon demand.

NOTE 6 - CONCENTRATIONS

One customer  accounted  for  $331,031 or 21% of total sales in fiscal 2006.  No
other  customers or vendors  accounted  for as much as 10% of sales or purchases
during fiscal 2006.

NOTE 7 - MANDATORILY REDEEMABLE PREFERRED SHARES

The  Company  issued  mandatorily  redeemable  preferred  stock.  The shares are
non-voting and  non-participating  and have a fix,  preferential  and cumulative
dividend  calculated  on the  redemption  price at an annual  rate  equal to the
variable weekly rate of  Investissement  Quebec.  These shares are redeemable by
monthly installments of $6,692 starting in April 2008.

NOTE 8 - 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, 2006.

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

<PAGE>

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:

                                                2006           2005
                                            -----------    -----------
Computed "expected" tax expense (benefit)   $  (154,592)   $ (1,374,000)
                                            -----------    -----------
Benefit of operating loss carryforwards              --             --
                                            -----------    -----------
Valuation allowance                             154,592      1,374,000
                                            ===========    ===========
                                            $        --    $        --
                                            ===========    ===========

The effects of temporary differences that gave rise to significant portions of
deferred tax assets and liabilities at March 31, 2006 are as follows:

Deferred tax assets:                           2006
                                          -----------
Current deferred tax assets               $ 1,949,000

Net operating loss carryforward               154,592
                                          -----------
Total gross deferred tax assets              2,10,592
Less valuation allowance                   (2,103,592)
                                          -----------
Net deferred tax assets                   $        --
                                          ===========

The Company has a net operating loss  carryforward of  approximately  $5,543,000
available to offset future taxable income through 2020.

NOTE 9 - COMMITMENTS

Vision Global leases its office space in Montreal, Quebec at the current rate of
$7,009  per  month.  Rent  expense  in  fiscal  2006 and  2005 was $ 98,047  and
$122,745. Future minimum lease payments are as follows:

                      Year ended March 31,       2007                $  92,500
                                                 2008                   23,118
                                                                     ---------
                                                                     $ 115,618
                                                                     =========


<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).


<PAGE>

ITEM 14: PRINCIPAL ACCOUNTANT FEES AND SERVICES

Year ended March 31, 2006


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, 2006 was $22,500.


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, 2006 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, 2006 was none.


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.


<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: November 13, 2006



                          VISION GLOBAL SOLUTIONS INC.

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


                                                         Date: November 13, 2006



      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:


         Signatures                    Title                         Date



By /s/ JEAN-PAUL OUELLETTE      Chairman of the Board,
--------------------------      Chief Accounting Officer,      November 13, 2006
JEAN-PAUL OUELLETTE             President, Director