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

                                   Form 10-QSB

(Mark One)
|X|   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
      OF 1934

                       For the period ended March 31, 2005

|_|   TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE
      ACT OF 1934

               For the transition period from ________ to ________

                        Commission file number 001-32528

                      SITEWORKS BUILDING & DEVELOPMENT CO.
                 (Name of small business issuer in its charter)

          Florida                                     58-2590047
(State or other jurisdiction of           (I.R.S. Employer Identification No.)
incorporation or organization)

                  6464 NW`5th Way, Ft Lauderdale Florida 33309
               (Address of principal executive offices) (Zip Code)

Issuer's telephone number (954) 489-2961

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

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

                     Common Stock, $.001 par value per share
                     ---------------------------------------
                                (Title of class)

      Check whether the issuer is not required to file reports pursuant to
Section 13 or 15(d) of the Exchange Act. |_|

      Check whether the issuer (1) 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 registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.
Yes |_| No |X|.

      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 registrant'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. |_|
<PAGE>

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

      The issuer's revenues for the quarter ended March 31, 2006 were
$130,158.00.

      As of June 2, 2006, the aggregate market value of the voting and
non-voting common equity held by non-affiliates of the issuer was approximately
$2,476,282.00

      As of June 2, 2006, the number of shares outstanding of the issuer's
common stock, $.001 par value per share, was 206,369,021.

      Transitional Small Business Disclosure Format (check one): Yes |_| No |X|
<PAGE>

                                EXPLANATORY NOTE

This Quarterly Report on Form 10-QSB contains revisions and corrections to
reports previously filed by Siteworks Building & Development Co. All such
revisions and amendments, including those in the quarterly statements for the
year ended March 31, 2006 are prominently identified throughout this Report. The
company has restated its March 2005 financial statements to reflect the fair
value of stock issued in that quarter. The company increased its net loss in
March 31, 2005 from $135,444 to $1,637,540. The company originally recorded the
stock at $71,668 instead of at fair value of $1,573,764.

ITEM 1

Risk Factors

      Unless the context indicated otherwise, all references to "we," "us,"
"our" or the "Company" in this subsection "Risk Factors" refer to the Company.
We are subject to a number of risks listed below, which could have a material
adverse effect on our financial condition, results of operations and value of
our Common Stock.

Risks Relating to Our Business

Certain shares of our stock issued by us since incorporation may be invalidly
issued under the Florida Business Corporation Act and, as a result, our
shareholders may have rescission rights under federal and/or state securities
laws.

            As of June 2, 2006, 206,396,021 shares of Common Stock and 6,200,000
      shares of preferred stock were issued and outstanding. We may not have had
      the necessary authority to issue shares of our common and preferred stock
      under the Florida Business Corporation Act. We were an inactive company
      with no operations from our incorporation in August 2001 and until our
      merger with RTCI in March 2002. Due to the loss of certain corporate
      records, we are unable to determine whether the merger with RTCI was
      properly approved by the stockholders of RTCI and by our shareholders
      under the applicable state corporate laws. Subsequent to the merger with
      RTCI, we made several amendments to our articles of incorporation,
      including changes to our authorized capital stock, which may have been
      adopted without the proper approval by our shareholders. Our merger with
      Cork in March 2004 may also have not been properly approved by
      stockholders of Cork and by our shareholders under the applicable state
      corporate laws. As a result, shares of our Common Stock and preferred
      stock issued by us in connection with amendments to the articles of
      incorporation and/or mergers may be invalid due to the lack of the
      appropriate shareholders' approval under applicable state corporate law.
      Invalidly issued shares would be considered void which means that they
      have the effect of not having been issued at all. Holders of such
      invalidly issued shares may not have voting or other rights that the
      shareholders are generally entitled to under the Florida Business
      Corporation Act. However, such holders may have rescission rights under
      the federal and/or state securities law.
<PAGE>

Because of losses incurred by us to date and our general financial condition, we
received a going concern qualification in the auditors' report related to our
financial statements for the fiscal year ended December 31, 2005 that raises
doubt about our ability to continue our operations during the next 12 months.

            We had net losses of approximately $6,090,071 and $1,298,193 for the
      fiscal years ended December 31, 2005 and 2004, respectively, and generated
      $130,158 and $220,000 (restated) in revenues during the fiscal years ended
      December 31, 2005 and 2004, respectively. Our auditors included a going
      concern qualification in their report on our financial statements for the
      fiscal year ended December 31, 2005. We cannot assure you that we will be
      able to generate enough revenue or raise sufficient capital to operate our
      business during the next 12 months. Our existence is dependent upon our
      management's ability to develop profitable operations and resolve our
      liquidity problems. We cannot assure you that we will ever achieve
      profitable operations or generate significant revenues. We may continue to
      have operating losses in the foreseeable future. If we are unable to
      continue as a going concern, we may cease to operate and our investors may
      lose some or all of their investment.

We may be unable to obtain adequate financing to implement our business plan,
which will negatively impact our liquidity and ability to continue our
operations.

            We have very limited financial resources. We will need to obtain
      funding for our working capital needs and business development. Our
      ability to obtain financing depends, in part, upon prevailing capital
      market conditions as well as our operating results which may impact our
      efforts to arrange financing on terms satisfactory to us. Moreover, we may
      not be able to obtain additional financing by the issuance of additional
      shares of our capital stock due to the fact that our authorized capital
      stock may not have been properly approved by our shareholders. Certain
      shares of our stock issued by us since incorporation may be invalidly
      issued under the Florida Business Corporation Act and, as a result, our
      shareholders may have rescission rights under federal and/or state
      securities laws." If adequate funds are not available, or are not
      available on acceptable terms, we may not be able to make future
      investments, take advantage of other opportunities, or otherwise respond
      to competitive challenges. Our failure to obtain capital on acceptable
      terms will also negatively impact our liquidity and our ability to
      continue our operations.

We depend on the services of our President to implement our business strategy
and the loss of his services will have an adverse effect on our business.

            The extensive experience and contacts of our President, Mr. Nurse,
      within the construction industry are a critical component of our business
      strategy. The growth of our operations is dependent upon the personal
      efforts and abilities of our President to evaluate and pursue our business
      opportunities. The loss of the services of our President, for any reason,
      will adversely affect our business.

We may be unable to hire and retain qualified employees which will have an
adverse effect on our financial condition and result of operations.

            We believe that our business strategy is substantially dependent
      upon our ability to attract, hire, retain and motivate qualified
      employees. We cannot assure you that we will be successful in hiring or
      retaining the services of qualified managerial, technical or
      administrative personnel necessary to support our business. Our inability
      to hire and retain qualified employees will have an adverse effect on our
      financial condition and results of operations.
<PAGE>

We will encounter intense competition from substantially larger and better
financed companies which may have a negative impact on our ability to achieve
profitable operations.

            Our success depends upon our ability to penetrate the market for
      general contracting, pre-construction management and construction
      management services. Our company will compete with more established
      entities with greater financial resources, longer operating histories and
      more recognition in the market place than we do. It is also possible that
      previously unidentified competitors may enter the market place and
      decrease our chance of acquiring the requisite market share. Our future
      success will depend upon our ability to penetrate the market quickly and
      efficiently. Our ability to respond to the evolving demands of the
      marketplace will play a key role in our success. If we are unable to
      respond and compete in these markets, it will have a material adverse
      effect on our results of operations and financial condition and will
      negatively impact our ability to achieve profitable operations.

If we fail to maintain an effective system of internal control over financial
reporting and disclosure controls and procedures, we may be unable to accurately
report our financial results and comply with the reporting requirements under
the Exchange Act. As a result, current and potential shareholders may lose
confidence in our financial reporting and disclosure required under the Exchange
Act, which could adversely affect our business and we could be subject to
regulatory scrutiny.

            Pursuant to Section 404 of the Sarbanes-Oxley Act of 2002 ("Section
      404"), we will be required, beginning with our annual report on Form
      10-KSB for the fiscal year ending December 31, 2007, to include in our
      annual reports on Form 10-KSB, our management's report on internal control
      over financial reporting and the registered public accounting firm's
      attestation report on our management's assessment of our internal control
      over financial reporting. We are in the process of preparing an internal
      plan of action for compliance with the requirements of Section 404. As a
      result, we cannot guarantee that we will not have any "significant
      deficiencies" or "material weaknesses" reported by our independent
      registered public accounting firm. Compliance with the requirements of
      Section 404 is expected to be expensive and time-consuming. If we fail to
      complete this evaluation in a timely manner, or if our independent
      registered public accounting firm cannot timely attest to our evaluation,
      we could be subject to regulatory scrutiny and a loss of public confidence
      in our internal control over financial reporting. In addition, any failure
      to establish an effective system of disclosure controls and procedures
      could cause our current and potential shareholders and customers to lose
      confidence in our financial reporting and disclosure required under the
      Exchange Act, which could adversely affect our business.

We may be unable to implement our business and growth strategy which will
negatively impact our financial condition and results of operations.

            Our growth strategy and ability to generate revenues is largely
      dependent upon our ability to: (i) develop and provide general
      contracting, pre-construction planning and construction management
      services; (ii) hire highly skilled subcontractors; (iii) obtain adequate
      financing on acceptable terms to fund our growth strategy; (iv) develop
      and expand our customer base; and (v) negotiate agreements on terms that
      will permit us to generate adequate profit margins. Our failure with
      respect to any or all of these factors could impair our ability to
      successfully implement our growth strategy, which will have an adverse
      effect on our financial condition and results of operations.
<PAGE>

If we are unable to accurately estimate the overall risks, revenues or costs on
a contract, we may incur a loss on the contract which will have an adverse
effect on our financial condition and results of operations.

            We expect that will mostly enter into fixed price contracts which
      require us to perform the contract for a fixed price irrespective of our
      actual costs. As a result, we may realize a profit on these contracts only
      if we successfully control our costs and avoid cost overruns. We may also
      enter into cost plus award fee contracts which provide for reimbursement
      of the costs required to complete a project, but generally have a lower
      base fee and an incentive fee based on cost and/or schedule performance.
      If our costs exceed the revenues available under such a contract or are
      not allowable under the provisions of the contract, we may not receive
      reimbursement for these costs. Guaranteed maximum price contracts that we
      may enter into provide for a cost plus fee arrangement up to a maximum
      agreed-upon price. These contracts also place the risk on us for cost
      overruns that exceed the guaranteed maximum price. Pre-construction
      planning and construction management contracts are those under which we
      agree to manage a project for the customer for an agreed upon fee, which
      may be fixed or may vary based upon negotiated factors. Profitability on
      these types of contracts is driven by changes in the scope of work, which
      could cause cost overruns beyond our control and limit profits on these
      contracts. Cost overruns, whether due to inefficiency, faulty estimates or
      other factors, result in lower profit or a loss on a project. We expect
      that our contracts will be based, in part, on cost estimates that are
      subject to a number of assumptions. If our estimates of the overall risks,
      revenues or costs prove inaccurate or circumstances change, we may incur a
      lower profit or a loss on the contract which will negatively impact our
      financial condition and results of operations.

We may fail to meet schedule requirements of our contracts which could adversely
affect our reputation and/or expose us to financial liability.

            The construction services industry is highly schedule driven and our
      contracts are likely to be subject to specific completion schedule
      requirements with liquidated damages charged to us in the event the
      construction schedules are not achieved. Failure to meet any such schedule
      requirements could cause us to suffer damage to our reputation within the
      construction industry and customer base, as well as pay significant
      liquidated damages which will have an adverse effect on our financial
      condition and results of operation.

Compliance with regulations affecting our business could cause us to incur
substantial costs both in time and money.

            We are subject to extensive and complex laws and regulations that
      affect the construction industry, including, but not limited to, laws and
      regulations related to zoning, permitted land uses, levels of density,
      building design, warranties, storm water and use of open spaces. We
      generally may be required to obtain permits and approvals from local
      authorities to commence and complete various construction projects. Such
      permits and approvals may, from time-to-time, be opposed or challenged by
      local governments, neighboring property owners or other interested
      parties, adding delays, costs and risks of non-approval to the process.
      This process is further complicated by the fact that certain of our
      projects may be located in foreign countries where we may be unfamiliar
      with all regulatory requirements and approvals established by foreign
      governments. Economic, political and other risks associated with our
      international operations involve risks that could adversely affect our
      financial condition and results of operations." Our obligation to comply
      with the laws and regulations under which we operate, and the obligation
      of our subcontractors and other agents to comply with these and other laws
      and regulations, could result in delays in the performance of our service,
      and cause us to incur substantial costs.
<PAGE>

We could incur significant costs as a result of liability under environmental
laws which will have an adverse effect on our financial condition and results of
operations.

            Our operations are subject to environmental laws and regulations
      governing, among other matters, the discharge of pollutants into air and
      water, the handling, storage and disposal of solid or hazardous materials
      or wastes and the remediation of contamination, sometimes associated with
      leaks or releases of hazardous substances. Various federal, state and
      local environmental laws and regulations may impose liability for the
      entire cost of investigation and clean-up of hazardous or toxic
      substances. These laws may impose liability without regard to ownership at
      the time of the contamination or whether or not we caused the presence of
      contaminants. Violations of these environmental laws and regulations could
      subject us and our management to fines, civil and criminal penalties,
      cleanup costs and third party property damage or personal injury claims
      which will have an adverse affect on our financial condition and results
      of operations.

Work stoppages and other labor problems could adversely affect our financial
condition and results of operations.

            We intend to rely mostly on subcontractors in providing our general
      contracting services. Certain subcontractors in the construction industry
      are members of various labor unions. If the unionized workers engage in a
      strike or other work stoppage, or other subcontractors become unionized,
      we could experience a disruption of our operations and higher ongoing
      labor costs, which could adversely affect our financial condition and
      results of operations.

Timing of the award of a new contract and performance of a new contract may have
an adverse effect on our financial condition and results of operation in a
particular fiscal quarter.

            It is generally very difficult to predict whether and when we will
      receive an award of a new contract as these contracts frequently involve a
      lengthy and complex bidding and selection process which is affected by a
      number of factors, including, but not limited to, market conditions,
      financing arrangements and governmental approvals. Our results of
      operations can fluctuate from quarter to quarter depending on the timing
      of new contract awards.

            In addition, timing of the revenues and cash flows from our projects
      can be delayed by a number of factors, including, but not limited to,
      weather conditions, delays in receiving material and equipment from
      vendors and changes in the scope of work to be performed. Such delays, if
      they occur, could have an adverse effect on our financial condition and
      operating results for a particular fiscal quarter.

We may not be able to fully realize the revenue reported in our backlog which
will have an adverse affect on our financial condition and results of operation.
<PAGE>

            We include a construction project in our backlog at such time as a
      contract is awarded or a firm letter of commitment is obtained and funding
      is in place. The revenue projected in our backlog may not be realized or,
      if realized, may not result in profits. For example, if a project
      reflected in our backlog is terminated, suspended or reduced in scope, it
      would result in a reduction to our backlog which would reduce, potentially
      to a material extent, the revenue and profit we actually receive from
      contracts in backlog. If a customer cancels a project, we may be
      reimbursed for certain costs but typically have no contractual right to
      the total revenues reflected in our backlog. Significant cancellations or
      delays of projects in our backlog could have an adverse effect on our
      financial condition and results of operations.

Deterioration in economic conditions generally or in the market regions where we
intend to operate could decrease demand and pricing in these areas and adversely
affect our financial condition and results of operations.

            The construction industry is sensitive to changes in regional and
      national economic conditions such as job growth, interest rates and
      consumer confidence. Material adverse changes in any of these conditions
      generally, or in the market regions where we intend to operate, could
      decrease demand and pricing for new construction projects in these areas
      or result in customer defaults on pending contracts, which could adversely
      affect the number of deliveries we make or reduce the prices we can
      charge, either of which could adversely affect our financial condition and
      results of operations.

Natural disasters and adverse weather conditions could delay deliveries or
increase costs of construction projects in affected areas.

            The occurrence of natural disasters or adverse weather conditions in
      the areas in which we intend to operate can delay deliveries, increase
      costs and negatively impact the demand for construction projects in
      affected areas. When natural disasters such as hurricanes, tornadoes,
      earthquakes, floods and fires affect an area in which we intend to operate
      or one nearby, there can be a diversion of labor and materials in such
      area from existing construction projects to rebuilding or repairing the
      buildings that were either destroyed or damaged in the natural disaster.
      This can cause delays in construction and delivery of projects in which we
      may be involved and reduce our revenues, if any.

Economic, political and other risks associated with our international operations
involve risks that could adversely affect our financial condition and results of
operations.

            We intend to be involved as a general contractor in non-U.S.
      construction projects. Our international operations may expose us to risks
      inherent in doing business outside the United States, including, but not
      limited to:

            o     political risks, including risks of loss due to civil
                  disturbances, acts of terrorism or acts of war;

            o     unstable economic, financial and market conditions;

            o     potential incompatibility with foreign joint venture partners;

            o     foreign currency controls and fluctuations in currency
                  exchange rates;

            o     trade restrictions;

            o     increases in taxes and the effect of local regulations; and

            o     changes in labor conditions, labor strikes and difficulties in
                  staffing and managing international operations.
<PAGE>

            Any of these factors could harm our potential international
      operations. Specifically, failure to successfully manage international
      growth could result in higher operating costs than anticipated or could
      delay or preclude altogether our ability to generate revenues which will
      have an adverse effect on our results of operations and financial
      condition and results of operations.

Risks Relating to Our Common Stock

Our stock price has been and may continue to be volatile and may result in
substantial losses for investors.

            The trading price of our Common Stock could be subject to wide
      fluctuations in response to:

            o     our prospects as perceived by others;

            o     our operating results;

            o     differences between our reported results and those expected by
                  investors;

            o     announcements of new contracts by us or our competitors; and

            o     general economic or stock market conditions unrelated to our
                  operating performance.

            Fluctuations in our stock price as a result of any of the foregoing
      factors may result in substantial losses for investors.

Limited trading volume of our Common Stock may contribute to its price
volatility.

            Through December 31, 2005, the average daily trading volume during
      2005 for our Common Stock was approximately 500,000 shares. We cannot
      assure you that a more active trading market in our Common Stock will
      develop. As a result, relatively small trades may have a significant
      impact on the price of our Common Stock.

We have never paid dividends and do not anticipate paying any in the foreseeable
future.

            We have never declared or paid a cash dividend and we do not expect
      to have any cash with which to pay cash dividends in the foreseeable
      future. If we do have available cash, we intend to use it to grow our
      business.

We will be subject to the penny stock rules which may adversely affect trading
in our Common Stock.

            On May 16, 2006, the closing price of Common Stock was $0.02. Our
      Common Stock is a "penny stock" security under the rules promulgated under
      the Exchange Act. In accordance with these rules, broker-dealers
      participating in certain transactions involving penny stocks must first
      deliver a disclosure document that describes, among other matters, the
      risks associated with trading in penny stocks. Furthermore, the
      broker-dealer must make a suitability determination approving the customer
      for penny stock transactions based on the customer's financial situation,
      investment experience and objectives. Broker-dealers must also disclose
      these determinations in writing to the customer and obtain specific
      written consent from the customer. The effect of these restrictions will
      probably decrease the willingness of broker-dealers to make a market in
      our Common Stock, decrease liquidity of our Common Stock and increase
      transaction costs for sales and purchases of our Common Stock as compared
      to other securities.

<PAGE>

Recent Sales of Unregistered Securities

      At December 31, 2005, the Company has three classes of stock; a
      convertible Series A preferred class with a par value of $.001 with
      20,000,000 shares authorized, a convertible Series B preferred stock with
      a par value of $1.00 with 20,000,000 shares authorized and a common class
      with a par value of $.001 and 500,000,000 shares authorized.

      At December 31, 2004, the Company has three classes of stock; a
      convertible Series A preferred class with a par value of $1.00 with
      20,000,000 shares authorized, a convertible Series B preferred stock with
      a par value of $1.00 with 20,000,000 shares authorized and a common class
      with a par value of $.001 and 100,000,000 shares authorized.

      The Company in 2005 and 2004 did numerous Amendments to the share
      structure that may not have had the appropriate shareholder approval (See
      Note 9)

      The following details the share issuances in 2005 and 2004:

      Preferred Stock:

      In May 2005, the Company issued 5,100,000 shares of convertible preferred
      Series A shares with voting rights of one preferred share equivalent to 52
      to 1 common shares of the Company. The transaction was booked at par value
      or $5,100.

      In June 2005, the Company issued 1,100,000 shares of preferred Series B
      valued at $1.00 a share for a partial payment on land.

      There were no preferred stock issuances in 2004.

      Common Stock Transactions:
      2005

      The Company issued 35,000,000 shares of common stock at fair value
      $1,102,500 for the payment of land. There was $102,500 recorded as
      beneficial interest.
<PAGE>

      The Company issued during the year 10,000,000 shares of stock to the
      President of the corporation which was recorded as compensation at fair
      value of $570,000.

      The Company issued during the year 73,265,412 shares of stock to
      consultants for services rendered at fair value of $3,761,253.

      The Company issued 4,314,266 shares for debt cancellation at fair value of
      $56,085.

      The Company issued 9,065,000 shares for cash of $55,000 and recorded a
      beneficial interest amount of $271,950 to account for fair value.

      In April 2005, 2,550,000 shares of par value common stock were cancelled.

      The Company in 2005 provided for an allowance against stock issued as
      subscriptions receivable of $1,187,650.

      2004

      On April 9, 2004, the Company authorized the issuances of new Series A
      Preferred Stock. They have authorized the issuance of 20,000,000 shares,
      and issued 19,813,967 of these shares to the Company's President. These
      shares were converted in August 2004.

      On August 12, 2004, the Company approved a reverse 1 for 2,000 stock
      split.

STOCKHOLDERS' EQUITY (DEFICIT) (CONTINUED)

      For the year ended December 31, 2004, the Company issued 8,000,000 shares
      of common stock pre-stock split and 4,000 shares of common stock
      post-stock split as part of the Cork Acquisition; 36,380,000 shares of
      common stock pre-stock split and 18,190 shares of common stock post-stock
      split for cash ; 520,300,000 shares of common stock pre-stock split and
      1,059,750 shares of common stock post-stock split for subscriptions of
      stock; 597,000,000 shares of common stock pre-stock split and 3,004,595
      shares of common stock post-stock split (which includes 2,972,095 shares
      of common stock which converted 19,813,967 shares of preferred stock) for
      compensation to the officer; and 102,520,000 shares of common stock
      pre-stock split and 51,260 shares of common stock post-stock split for
      services rendered.
<PAGE>

TEMPORARY EQUITY

      The Company has recorded on its balance sheet as a temporary equity
      account for those securities issued that may not be in compliance with the
      registration provisions of the Securities Act of 1933, as amended and for
      the issuance of common and preferred stock that may not have been validly
      authorized. All related amounts that were previously included in common
      stock and additional paid-in amounts of the permanent stockholders' equity
      (deficit) section have been reclassified to temporary equity as their
      redemption may not be solely within the control of the issuer.

      Temporary equity at December 31, 2005 and 2004 was $10,068,558 and
      $3,815,570, respectively. Temporary equity at March 31, 2006 is
      $10,647,820.

ITEM 2:

MANAGEMENT'S DISCUSSION AND ANALYSIS OF CERTAIN RELEVANT FACTORS

On May, 1999 Automated, Inc. of Nevada merged with Automated, Barbados and the
assets that existed prior to the merger were sold to Automated of Nevada for
assumption of liabilities. In November of 2001 Automated Nevada entered a sale
agreement with RTCI whereby the assets of Automated Barbados were subsequently
repurchased by Carl Nurse pursuant to the aborted sale to RTCI. The sale of
Automated Nevada, now renamed SiteWorks Building & Development Co, of Florida to
RTCI was never successfully concluded (RTCI failed to pay the full price for
control of the company) and on March 13, 2002 RTCI was merged in to SiteWorks
Inc of Florida. In September of 2002 a default judgement awarding control of
RTCI (Automated Nevada) was secured in Nassau County court in favor of Carl
Nurse and against RTCI. C Michael Nurse is currently the majority shareholder of
Automated (now SiteWorks), Inc (Barbados).

On September 29th, 2003 SiteWorks acquired all the outstanding stock of Cork
Acquisition Corp, a Delaware fully reporting company in exchange for maintaining
10% of the outstanding shares of SiteWorks for a period of two years ending
September 30, 2005. Documents of merger were subsequently filed in Delaware and
in Florida formalizing the merger with Cork, with SiteWorks the surviving
Corporation.

On August 13, 2005 the company amended its articles to reduced its authorized
common to 500,000,000 shares and amended the conversion of preferred A to common
to 52 to 1.
<PAGE>

The company acquired a 33,000 sf warehouse in Chiefland, Florida from Munch LLC
on June 25 2005. The property was paid for with restricted common stock and
Preferred B stock for a total of 2, 100,000. The property has a current
appraised value of 2,900,000 as of December 2006.

In March of 2006 preliminary plans were prepared by the Architect of record for
both the new addition and the renovations of the existing building. Management
expets to have plans completed and submitted to the building department within
90 days for approval and permitting.

The property was refinanced in March of 2006 with Allied mortgage. As a
condition of the refinancing was that the property must be placed in a separate
entity. Consequently, title was transferred to Integral Inc, a privately held
subsidiary on closing of the refinancing, Siteworks Building holds 80 % of the
stock of Integral Inc.

The company plans to lease 10 to 14,000 sf of the space and subdivide the
balance of the space into a number of stores to be sold off individually. Plans
are being prepared for the approval of the subdivision. David Wilde is the
Architect of record and he has been also retained to design a new 20,000 sf.
addition at the adjacent vacant lot which is part of the Walmart space.
Siteworks Building and Development will be the contractor of record for the
estimated $1, 200,000 new mall space. The new space will be subdivided and
rented initially, and later sold off as individual condo units once approvals
are secured.

In its local market, The company has recently initiated operations as a provider
of construction services and has secured a number of construction contracts. To
date the company has signed contract or commitments as follows:

<TABLE>
<CAPTION>
PROJECT                                     Value             Status           % COMP
<S>                                         <C>       <C>                       <C>
SiteWork / VA Hospital for FPL/AEI :        349,000   Jan 06 ,                   15%

Sitework at the FAA for Gavtec/FAA          149,000   start May

Addition to the Wilson House                 49,000   compl                     100%

C/M  for the Kramer residence:               25,000   completed                 100%

Rodriguez residence                         161,000   start summer 06

Ramirez residence                            51,000   in progress                80%

Chiefland Improvements                      400,000   DESIGN/PERMITTING

Chiefland Addition                        1,200,000   DESIGN/Permitting
</TABLE>
<PAGE>

Management continues to actively bid projects and fully expects to increase its
contract backlog this year significantly. In October 2005 and November 2005, the
Company announced its intention to engage in several contracts for construction
projects in Thailand. The projects have an estimated contract price of
$35,000,000 and include the construction of 1700 low income housing units in
Lopari Province, Thailand, construction of luxury units in Phukett and the
construction of a 24 unit apartment complex also in Phukett. Commencement of
these projects previously scheduled to start in January 2006 have been delayed
until later in the year.

Under local law, only majority held Thai companies can engage in projects in
Thailand or own property. Therefore, a local Thai subsidiary was formed,
SiteWorks (Thailand) of which Siteworks Building and Development USA owns 49% of
the authorized shares. The balance of shares are held by Thai citizens. The
contracts previously issued to SiteWorks USA have to now be reissued to
Siteworks Thailand. Further, management has modified its strategy to allow for
direct ownership of projects undertaken in the Thai market. Therefore the low
income projects previously announced as service contracts will be undertaken as
develop build contracts, with SiteWorks Thailand entering into purchase
agreements for the land on which to build the affordable Housing. The due
diligence on the first of these projects is being undertaken and on completion
management expects to enter into a contract of purchase to acquire the
properties and immediately start construction. In anticipation of clean title to
these properties, management has retained a local architectural firm to complete
the design. This "fast track" approach will enable construction to commence
immediately on closing of the contracts of purchase.

The first project will be a 1200 project outside of Bangkok. The second project
will be an additional 800 units also on the outskirts of Bankgok. Management
fully expects these projects to be onstream with sales commencing by the end of
the fiscal year.

The other announced projects will be reviewed on a case by case basis, and if
management successfully renegotiates SiteWorks' equity participation, will be
undertaken over time as funding and resources allow.

The use of the careful project selection and evaluation tools, management feels
that demonstrably superior project selection and attention to quality should
allow the Company's services to be effectively marketed against the competition
at the currently established price points, while maintaining a good profit
margin.

In 2006 the company enetered into a number of funding arrangements with
different entities. In a private placement with Mercatur Associates of Italy,
the company secured commitment to fund for 250,000, secured by 10,000,000 shares
of restricted stock. Mercatur mages or operates a fund which trades on the
Luxemburg exchange as SICAV 1, 11, & 3 To date this funding has not yet closed.
<PAGE>

Also in the thirds quarter of 2005, the company entered a revolving credit
arrangement with Pan American Associates of Florida for funding up to 450,000.
To date the company has received approximately 150,000 of the facility.

In the third quarter of 2006, The company entered an agreement with
Knightsbridge Law, a Thai Firm, wherein the firm would acquire properties for
the company in exchange for 15,000,000 restricted stock. To date no property has
been secured and Management has requested the stock be returned.

In the second quarter of 2005 the company started trading on the Frankfurt
Exchange. This step was taken to allow for greater liquidity in the stock.
Management continues to evaluate other exchanges on which the company may
benefit from having its shares listed and trading.

The Company requires cash for working capital and acquisitions of income real
estate and operating construction companies.

A lack of sufficient working capital may prevent the Company from realizing its
objectives. Until the Company receives additional funding, it will be unable to
grow at its projected rate.

FORWARD LOOKING STATEMENTS

      Statements contained in this quarterly report on Form 10-QSB (the "Form
10-QSB") that are not purely historical are forward-looking statements of
SiteWorks Building & Development Co. (the "Company") within the meaning of
Section 27A of the Securities Act of 1933, as amended (the "Securities Act"),
and Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"). Examples of forward-looking statements include, but are not
limited to:

      o     projects of revenues, capital expenditures, growth, prospects,
            dividends, capital structure and other financial matters;

      o     statements of strategic plans and objectives of the Company's
            management or board of directors;

      o     statements regarding the Company's future economic performance;

      o     statements of assumptions underlying other statements and statements
            about the Company and its business relating to the future; and

      o     any statements using such words as "anticipate," expect," "may,"
            "project," "intend" or similar expressions.
<PAGE>

      These forward-looking statements are based on the Company's current
expectations and beliefs concerning future developments and their potential
effects on the Company. There can be no assurance that future developments
affecting the Company will be those that the Company anticipates. These
forward-looking statements involve a number of risks, uncertainties (some of
which are beyond the Company's control) or other assumptions that may affect the
Company's ability to achieve its anticipated results and may cause actual
results or performance to be materially different from those expressed or
implied by such forward-looking statements. These risks and uncertainties
include, but are not limited to, the validity of the Company's issued shares of
stock; the Company's ability to continue as a going concern; the availability of
financing on terms acceptable to the Company; the management's ability to
implement the Company's business and growth strategy; the validity of the
underlying assumptions and estimates of projected costs and revenues on a
contract; and the management's ability to maintain an effective system of
internal control over financial reporting and disclosure controls and
procedures. For additional information regarding risks and uncertainties to
which the Company is subject, see "Risk Factors" included in Part I, Item I
"Description of Business" of this Form 10-KSB. The Company files annual,
quarterly and current reports and other information with the Securities and
Exchange Commission (the "SEC"). The Company undertakes no obligation to
publicly update or revise any forward-looking statements included in this Form
10-KSB, whether as a result of new information, future events or otherwise.

      Given the nature of the stock issued by the Company, the Company may be
unable to rely on the safe harbor created by Section 21E of the Exchange Act.

ITEM 3 - CONTROLS AND PROCEDURES

Within the 90 days prior to the date of this report, the sole officer and
director of the Company carried out an evaluation of the effectiveness of the
design and operations of our disclosure controls and procedures, as defined in
Exchange Act Rule 13a-14. Based upon that evaluation, the sole officer concluded
that our disclosure controls and procedures are effective in timely alerting
management to material information relating to the Company required to be
included in our periodic SEC filings.

PART II

OTHER INFORMATION

ITEM 1 - LEGAL PROCEEDINGS

In March 2006 La Jolla Cove Investors of San Diego California initiated an
action against SiteWorks Building & Development Co.. The complaint stated that
SWKJ failed to deliver 10,000,000 shares of free trading stock pursuant to a
funding agreement. The agreement was predicated on the effectiveness of an SB 2
registration statement on file at the time of the agreement. The SB 2 was not
approved and subsequently withdrawn because management thought the comments
received from the SEC were such that it would be in the best interest of the
company to withdraw the registration statement and possibly refile the SB 2 at a
later time. Management has retained outside counsel to defend itself in the
litigation and expects to prevail in the response and countersuit for damages
and legal fees.
<PAGE>

ITEM 2 - CHANGES IN SECURITIES AND USE OF PROCEEDS

None

ITEM 3 - DEFAULTS UPON SENIOR SECURITIES

None

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

As of March 31st there were no matters submitted to a vote of security Holders.

ITEM 5 - OTHER INFORMATION

None
<PAGE>

ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K

      Exhibit 31.1 Certification of Principal Executive Officer

      Exhibit 32.1 Certification Pursuant to Section 906 of the Sarbanes-Oxley
Act of 2002 In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                                       SITEWORKS BUILDING & DEVELOPMENT, Co.

                                       By: /s/ Carl Nurse
                                           Carl Nurse
                                           Chief Executive Officer
Dated: June 1, 2006
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
              (FORMERLY KNOWN AS SITEWORKS, INC. AND SUBSIDIARIES)
             CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
              (FORMERLY KNOWN AS SITEWORKS, INC. AND SUBSIDIARIES)

INDEX TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

MARCH 31, 2006 AND 2005

Condensed Consolidated Balance Sheet as of March 31, 2006

Condensed Consolidated Statement of Operations for the Three Months
  Ended March 31, 2006 and 2005 (Unaudited)

Condensed Consolidated Statement of Cash Flows for the Three Months
  Ended March 31, 2006 and 2005 (Unaudited)

Notes to the Condensed Consolidated Financial Statements (Unaudited)
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
                  (FOREMERLY SITEWORKS, INC. AND SUBSIDIARIES)
                CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED)
                                 MARCH 31, 2006

<TABLE>
<CAPTION>
<S>                                                                                       <C>
                                         ASSETS

Cash and cash equivalents                                                                 $    117,227
Accounts receivable-net                                                                         33,396
Prepaid and other                                                                              242,930
                                                                                          ------------

  Total current assets                                                                         393,553
                                                                                          ------------

  Property and equipment, net                                                                2,288,767
                                                                                          ------------

  Deposits                                                                                      12,950
                                                                                          ------------

TOTAL ASSETS                                                                              $  2,695,270
                                                                                          ============

             LIABILITIES, TEMPORARY AND STOCKHOLDERS' EQUITY (DEFICIT)

LIABILITIES

  Accounts payable and accrued expenses                                                   $    146,655
  Mortgages payable and contingency                                                          2,435,601
  Due to officer/stockholder                                                                    32,334
  Note payable - related party                                                                 252,702
  Loan Payable - other                                                                          38,240
                                                                                          ------------
      Total Current Liabilities                                                              2,905,532
                                                                                          ------------

TEMPORARY EQUITY                                                                            10,437,558

STOCKHOLDERS' EQUITY (DEFICIT)
  Convertible Preferred Stock Series A , $.001 par value, 20,000,000  shares authorized
     and 5,100,000 0 shares issued and outstanding(see Temporary Equity)
  Convertible Preferred Stock Series B , $1.00 par value, 20,000,000 authorized
     and 1,100,000 shares issued and outstanding(see Temporary Equity)
  Common stock, $.001 par value, 500,000,000 shares authorized;
    205,851,020 shares issued and outstanding at
    March 31, 2006
  Additional paid-in capital
  Deficit                                                                                  (10,647,820)
                                                                                          ------------

      Total Stockholders' Equity (Deficit)                                                    (210,262)
                                                                                          ------------

TOTAL LIABILITIES, TEMPORARY AND STOCKHOLDERS' EQUITY (DEFICIT)                           $  2,695,270
                                                                                          ============
</TABLE>

   The accompanying notes are an integral part of the condensed consolidated
                             financial statements.
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
                  (FOREMERLY SITEWORKS, INC. AND SUBSIDIARIES)
           CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED)
               FOR THE THREE MONTHS ENDED MARCH 31, 2006 AND 2005

<TABLE>
<CAPTION>
                                                                                            Restated
                                                                              2006            2005
                                                                         -------------    -------------
<S>                                                                      <C>              <C>
SALES                                                                    $      68,617    $          --

COST OF SALES                                                                  (70,351)
                                                                         -------------    -------------

GROSS PROFIT                                                             $      (1,734)   $          --
                                                                         -------------    -------------

OPERATING EXPENSES
                               Officers' compensation                               --               --
                               Advertising                                       3,126            3,427
                               Auto                                              4,959              462
                               Salaries,benefits and taxes                     209,272           18,183
                               Consulting                                       18,000              450
                               Professional fees and services                  374,201        1,586,763
                               Office expense                                   10,525           20,706
                               Rent                                             12,803            2,100
                               Travel and other                                 20,815              841
                               Utilities                                         4,444            2,537
                               Taxes                                            56,202               --
                               Depreciation                                      1,500            1,727
                               Interest                                         12,667              344
                                                                         -------------    -------------
                                      Total Operating Expenses                 728,514        1,637,540
                                                                         -------------    -------------

                               NET (LOSS) APPLICABLE TO COMMON SHARES         (730,248)   $  (1,637,540)
                                                                         =============    =============

                               NET (LOSS) PER BASIC AND DILUTED SHARES   $     (0.0046)   $     (0.3220)
                                                                         =============    =============

                               WEIGHTED AVERAGE NUMBER OF COMMON
                                   SHARES OUTSTANDING                      159,485,437        5,085,218
                                                                         =============    =============
</TABLE>

   The accompanying notes are an integral part of the condensed consolidated
                             financial statements.
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
                  (FOREMERLY SITEWORKS, INC. AND SUBSIDIARIES)
       CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED)-RESTATED
               FOR THE THREE MONTHS ENDED MARCH 31, 2006 AND 2005

<TABLE>
<CAPTION>
                                                                                     Restated
                                                                        2006           2005
                                                                     -----------    -----------
<S>                                                                  <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
   Net loss                                                          $  (730,248)   $(1,637,540)
                                                                     -----------    -----------
   Adjustments to reconcile net loss to net cash provided by
     (used in) operating activities

     Depreciation and amortization                                         1,500          1,727
     Stock issued for services                                           225,000      1,573,764
     Stock issued for Compensation                                       144,000             --

  Changes in assets and liabilities
     Decrease (Increase) in accounts receivable                          (22,156)            --
     (Increase) in deposits                                               (1,000)            --
     (Increase) in Escrow                                               (242,930)
     Increase (Decrease) in accounts payable and other liabilities       123,655         28,625
                                                                     -----------    -----------
     Total adjustments                                                   228,069      1,604,116
                                                                     -----------    -----------

     Net cash (used in) operating activities                            (502,179)       (33,424)
                                                                     -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES
    Purchase of property and equipment                                  (166,255)            --
                                                                     -----------    -----------

     Net cash (used in) investing activities                            (166,255)            --
                                                                     -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITES
     Proceeds from note payable - related party                          239,502             --
     Proceeds from note payable - vehicle                                 38,240             --
     Proceeds from mortgage payable                                      475,601             --
     Due to officer, net                                                  27,199         13,200
     Proceeds from the sale of common stock                                   --         15,000
                                                                     -----------    -----------

       Net cash provided by financing activities                         780,542         28,200
                                                                     -----------    -----------

NET INCREASE (DECREASE) IN
    CASH AND CASH EQUIVALENTS                                            112,108         (5,224)

CASH AND CASH EQUIVALENTS -
    BEGINNING OF PERIOD                                                    5,119          5,224
                                                                     -----------    -----------

CASH AND CASH EQUIVALENTS - END OF PERIOD                            $   117,227    $        --
                                                                     ===========    ===========

SUPPLEMENTAL DISCLOSURES:
   Cash paid during the period for interest                          $        --    $        --
                                                                     ===========    ===========

SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION:
   Common stock issued for services                                      225,000    $ 1,573,764
                                                                     ===========    ===========
</TABLE>

   The accompanying notes are an integral part of the condensed consolidated
                             financial statements.
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
               (FORMERLY KNOWN AS SITEWORKS INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005

NOTE 1 -    ORGANIZATION AND BASIS OF PRESENTATION
            --------------------------------------

            The condensed consolidated unaudited interim financial statements
            included herein have been prepared, without audit, pursuant to the
            rules and regulations of the Securities and Exchange Commission
            ("SEC"). The condensed consolidated unaudited financial statements
            and notes are presented as permitted on form 10-QSB and do not
            contain information included in the Company's annual consolidated
            statements and notes. Certain information and footnote disclosures
            normally included in the condensed consolidated unaudited financial
            statements prepared in accordance with accounting principles
            generally accepted in the United States of America have been
            condensed or omitted pursuant to such rules and regulations,
            although the company believes that the disclosures are adequate to
            make the information presented not misleading. It is suggested that
            these condensed consolidated unaudited financial statements be read
            in conjunction with the December 31, 2005 audited financial
            statements and the accompanying notes thereto. While management
            believes the procedures followed in preparing these condensed
            consolidated unaudited financial statements are reasonable, the
            accuracy of the amounts are in some respects dependent upon the
            facts that will exist, and procedures that will be accomplished by
            the company later in the year.

            These condensed consolidated unaudited financial statements reflect
            all adjustments, including normal recurring adjustments which, in
            the opinion of management, are necessary to present fairly the
            consolidated operations and cash flows for the periods presented.
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
               (FORMERLY KNOWN AS SITEWORKS INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005

NOTE 1 -    ORGANIZATION AND BASIS OF PRESENTATION(CONTINUED)

            Siteworks, Inc. (the "Company"), was incorporated in the State of
            Florida on August 8, 2001. The Company changed its name on April 15,
            2005 to Siteworks Building and Development Co.

            On March 13, 2002, the Company merged with Real Time Cars, Inc., a
            Nevada corporation ("RTCI") resulting in the Company existing as the
            surviving company. The shareholders of RTCI received one share of
            the Company's common stock in exchange for each share of common
            stock owned in RTCI. The merger with RTCI occurred as a result of
            the termination of an acquisition agreement between RTCI and
            Automated Management Resources, Ltd. ("AMR"), a Nevada corporation
            that was controlled by the Company's management and founding
            stockholders. AMR was incorporated on April 6, 1999 and was engaged
            in a similar business as the Company through its wholly owned
            subsidiary, Automated Management Resources, Ltd., a Barbados Company
            ("AMR Barbados"). On November 21, 2000, AMR entered into a stock
            exchange transaction with RTCI, whereby RTCI acquired all of the
            common stock of AMR and agreed to pay a finders' fee of $200,000 to
            the President of AMR, and subsequently continued as the surviving
            corporation changing its name to Real Time Cars, Inc. RTCI defaulted
            on the finders' fee payment resulting in termination of the stock
            exchange agreement and merger with the Company on March 13, 2002.

            The Company was incorporated to act as a construction and real
            estate development company, to acquire operating construction
            companies, and income producing real estate. The Company's focus is
            on acquiring construction projects.

            On September 29, 2003, the Company acquired Cork Acquisition Corp.,
            a Delaware corporation ("Cork") for 2,000,000 shares of its common
            stock for all of the common stock of Cork. Prior to the merger, Cork
            was an inactive company that had no assets or liabilities.

            For accounting purposes, the transaction was been accounted for as a
            reverse merger. Accordingly, the Company will be treated as a
            continuing entity for accounting purposes.
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
               (FORMERLY KNOWN AS SITEWORKS INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005

NOTE 1 -    ORGANIZATION AND BASIS OF PRESENTATION (CONTINUED)
            --------------------------------------

            On August 13, 2005, the Company amended its share structure in the
            following ways: 1) elected to change their preferred stock series A
            par value from $1.00 to $0.001. 2) Change the conversion ratio of
            the preferred stock from 300:1 to 52:1 and 3) reduce the common
            shares authorized from 10,000,000,000 to 500,000,000.

NOTE 2 -    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
            ------------------------------------------

            Principles of Consolidation

            The condensed consolidated unaudited financial statements include
            the accounts of the Company and its wholly-owned subsidiaries. All
            significant intercompany accounts and transactions have been
            eliminated in consolidation.

            Use of Estimates

            The preparation of condensed consolidated unaudited 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 amounts reported in
            the condensed consolidated unaudited financial statements and
            accompanying notes. Actual results could differ from those
            estimates.

            Revenue and Cost Recognition

            Currently, the Company anticipates four primary sources of revenue:

            (1) The construction of housing projects in foreign countries;
            (2) Construction/home repairs in the United States;
            (3) The sale of undeveloped land or real estate;
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
               (FORMERLY KNOWN AS SITEWORKS INC. AND SUBSIDIARIES)
      NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005

NOTE 2 -    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
            ------------------------------------------

            Revenue and Cost Recognition

            The Company's revenue recognition policy for these sources of
            revenue is as follows. The Company relies on Staff Accounting
            Bulletin Topic 13, in determining when recognition of revenue
            occurs. There are four criteria that the Company must meet when
            determining when revenue is realized or realizable and earned. The
            Company has persuasive evidence of an arrangement existing; delivery
            has occurred or services rendered; the price is fixed or
            determinable; and collectibility is reasonably assured. Sales of
            real estate are generally recognized under the full accrual method
            when each of the criteria in paragraph 5 of SFAS 66 are met. Under
            that method, gain is not recognized until the collectibility of the
            sales price is reasonably assured and the earnings process is
            virtually complete. When a sale does not meet the requirements for
            income recognition a gain is deferred until those requirements are
            met.

            The Company recorded the sale of property under the cost recovery
            method. When this method is used, no profit is recognized on the
            sales transaction until the cost of the property sold is recovered.
            (See Note 3)

            Revenues from fixed-price and modified fixed-priced construction
            contracts are anticipated to be recognized on the
            percentage-of-completion method, measured by the percentage of costs
            incurred to date compared to estimated total costs for each
            contract.

            Contract costs will include all direct material and labor costs and
            those indirect costs related to contract performance, such as
            indirect labor, supplies, tools, repairs and depreciation. General
            and administrative costs are charged to expense as incurred.
            Provisions for estimated losses on
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
               (FORMERLY KNOWN AS SITEWORKS INC. AND SUBSIDIARIES)
      NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005

NOTE 2 -          SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
                  ------------------------------------------

Revenue and Cost Recognition (Continued)

            uncompleted contracts are recognized in the period in which such
            losses are determined. Changes in job performance, job conditions
            and estimated profitability may result in revisions to costs and
            income, which are recognized in the period in which the revisions
            are determined. There were no costs since there were not any
            contracts in progress for the three months ended March 31, 2006 and
            2005.

            Revenues from time and material contracts are recognized currently
            as the work is performed.

            All revenues earned in 2006 were for small renovations and/or
            repairs that were completed in 2006.

            Cash and Cash Equivalents

            The Company considers all highly liquid debt instruments and other
            short-term investments with an initial maturity of three months or
            less to be cash equivalents.

            The Company maintains cash and cash equivalent balances at several
            financial institutions that are insured by the Federal Deposit
            Insurance Corporation up to $100,000.

            Fixed Assets

            Fixed assets are stated at cost. Depreciation is computed primarily
            using the straight-line method over the estimated useful life of the
            assets.

            Furniture and fixtures                      7 Years
            Office equipment and vehicles               5 Years
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
               (FORMERLY KNOWN AS SITEWORKS INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005

NOTE 2 -    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
            ------------------------------------------

            Income Taxes

            The income tax benefit is computed on the pretax loss based on the
            current tax law. Deferred income taxes are recognized for the tax
            consequences in future years of differences between the tax basis of
            assets and liabilities and their financial reporting amounts at each
            year-end based on enacted tax laws and statutory tax rates.

            Advertising

            Costs of advertising and marketing are expensed as incurred.
            Advertising and marketing costs for the three months ended March 31,
            2006 and 2005, are $4,959 and $3,877, respectively.

            Fair Value of Financial Instruments

            The carrying amount reported in the condensed consolidated unaudited
            balance sheet for cash and cash equivalents, accounts payable and
            accrued expenses approximate fair value because of the immediate or
            short-term maturity of these financial instruments. The carrying
            amount reported for notes payable approximates fair value because,
            in general, the interest on the underlying instruments fluctuates
            with market rates.

            Start-up Costs

            In accordance with Statement of Position 98-5, "Accounting for
            Start-up Costs", the Company has expensed all of their costs
            relating to the start-up in the period in which those costs related
            to.

            (Loss) Per Share of Common Stock

            Historical net (loss) per common share is computed using the
            weighted average number of common shares outstanding. Diluted
            earnings per share (EPS) includes additional dilution from common
            stock equivalents, such as stock issuable pursuant to the exercise
            of stock options and warrants. Common stock equivalents are not
            included in the computation of diluted earnings per share when the
            Company reports a loss because to do so would be antidilutive for
            the periods presented.
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
               (FORMERLY KNOWN AS SITEWORKS INC. AND SUBSIDIARIES)
      NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005

NOTE 2 -    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
            ------------------------------------------

            The following is a reconciliation of the computation for basic and
            diluted EPS:

<TABLE>
<CAPTION>
                                                                 March 31,           March 31,
                                                                   2006                2005
                                                                   ----                ----
<S>                                                             <C>                  <C>
            Net (Loss)                                            ($730,248)         ($135,444)
                                                                -----------          ---------

            Weighted-average common shares
              outstanding (Basic)                               159,485,437          5,085,218

            Weighted-average common stock equivalents:
              Stock options and warrants

            Weighted-average common shares
              outstanding (Diluted)                             159,485,437          5,085,218
                                                                ===========          =========
</TABLE>

            Options and warrants outstanding to purchase stock were not included
            in the computation of diluted EPS because inclusion would have been
            antidilutive. The Company has no options or warrants outstanding as
            of March 31, 2006 and 2005.

            Reclassifications

            Certain amounts for the three months ended March 31, 2005 have been
            reclassified to conform to the presentation of the March 31, 2006
            amounts. The reclassifications have no effect on net loss for the
            three months ended March 31, 2005.
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
               (FORMERLY KNOWN AS SITEWORKS INC. AND SUBSIDIARIES)
      NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005

NOTE 2 -    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
            ------------------------------------------

            Recent Accounting Pronouncements

            In November 2004, the FASB issued Financial Accounting Standards No.
            151 (FAS 151), "Inventory Costs - an amendment of ARB No. 43,
            Chapter 4". FAS 151 clarifies the accounting for abnormal amounts of
            idle facility expense, freight, handling costs and spoilage. In
            addition, FAS 151 requires companies to base the allocation of fixed
            production overhead to the costs of conversion on the normal
            capacity of production facilities. FAS 151 is effective for the
            Company in 2006. The Company does not expect FAS 151 to have a
            material impact on its results or financial statements.

            On December 16, 2004, FASB issued Financial Accounting Standards No.
            153, Exchanges of Non-Monetary Assets, an amendment of APB Opinion
            No. 29, Accounting for Non-Monetary Transactions ("FAS 153"). This
            statement amends APB Opinion 29 to eliminate the exception for
            non-monetary exchanges of similar productive assets and replaces it
            with a general exception for exchanges of non-monetary assets that
            do not have commercial substance. Under FAS 153, if a non-monetary
            exchange of similar productive assets meets a commercial-substance
            criterion and fair value is determinable, the transaction must be
            accounted for at fair value resulting in recognition of any gain or
            loss. FAS 153 is effective for non-monetary transactions in fiscal
            periods that begin after June 15, 2005. The Company does not
            anticipate that the implementation of this standard will have a
            material impact on its financial position, results of operations or
            cash flows.

            In December 2004, the FASB issued Financial Accounting Standards No.
            123 (revised 2004) (FAS 123R), "Share-Based Payment", FAS 123R
            replaces FAS No. 123, "Accounting for Stock-Based Compenasation",
            and supersedes APB Opinion No. 25, "Accounting for Stock Issued to
            Employees." FAS 123R requires compensation expense, measured as the
            fair value at the grant date, related to share-based payment
            transactions to
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
               (FORMERLY KNOWN AS SITEWORKS INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005

NOTE 2 -    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
            ------------------------------------------

            Recent Accounting Pronouncements (Continued)

            be recognized in the condensed consolidated unaudited financial
            statements over the period that an employee provides service in
            exchange for the award. The Company intends to adopt FAS 123R using
            the "modified prospective" transition method as defined in FAS 123R.
            Under the modified prospective method, companies are required to
            record compensation cost prospectively for the unvested portion, as
            of the date of adoption, of previously issued and outstanding awards
            over the remaining vesting period of such awards. FAS 123R is
            effective January 1, 2006. The Company is evaluating the impact of
            FAS 123R on its' results and financial position.

NOTE 3-     INVENTORY

            The Company on July 31, 2003, purchased an undeveloped parcel of
            land in Jupiter, Florida in the amount of $105,000. The Company has
            recorded this asset as inventory and this amount is stated at cost
            which includes specifically identifiable costs. The Company held
            this property until September 28, 2004, which at that time was sold
            for a price of $220,000.

NOTE 4-     PROPERTY AND EQUIPMENT

            Property and equipment consists of the following at March 31, 2006

                                                      2006
                                                      ----

            Land                                   $2,100,000

            Other                                     207,765
                                                   ----------
                                                   $2,307,765
            Less: accumulated depreciation            (18,998)
                                                   ----------

            Net book value                         $2,288,767
                                                   ==========

            Depreciation expense for the three months ended March 31, 2006 and
            2005 was $1,500 and $1,727, respectively.
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
               (FORMERLY KNOWN AS SITEWORKS INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005

NOTE 5-     NOTES PAYABLE- RELATED PARTY

            The company owes a related party . $252,702 at March 31, 2006 with
            no specific payment terms .

NOTE 6-     DUE TO OFFICER

            The Company had outstanding at March 31, 2006, of $38,204 to an
            officer/stockholder for expenses advanced on behalf of the Company.
            There were no specific repayment terms.

NOTE 7-     PROVISION FOR INCOME TAXES

            Deferred income taxes will be determined using the liability method
            for the temporary differences between the financial reporting basis
            and income tax basis of the Company's assets and liabilities.
            Deferred income taxes will be measured based on the tax rates
            expected to be in effect when the temporary differences are included
            in the Company's consolidated tax return. Deferred tax assets and
            liabilities are recognized based on anticipated future tax
            consequences attributable to differences between financial statement
            carrying amounts of assets and liabilities and their respective tax
            bases.

            At March 31, 2006 and 2005, deferred tax assets approximated the
            following:

                                               2006               2005
                                            -----------       -----------
            Deferred tax asset              $ 3,194,346       $ 1,278,600
            Less: Valuation allowance        (3,194,346)       (1,278,600)
                                            -----------       -----------
                                            $       -0-       $       -0-
                                            ===========       ===========

            At March 31, 2006 and 2005, the Company had deficits accumulated
            approximating $10,647,820 and $4,262,445 respectively, available to
            offset future taxable income through 2026. The Company established
            valuation allowances equal to the full amount of the deferred tax
            assets due to the uncertainty of the utilization of the operating
            losses in future periods.
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
               (FORMERLY KNOWN AS SITEWORKS INC. AND SUBSIDIARIES)
      NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005

NOTE 8-     STOCKHOLDERS' EQUITY (DEFICIT)

            At March 31, 2006, the Company has three classes of stock; a
            convertible Series A preferred class with a par value of $.001 with
            20,000,000 shares authorized, a convertible Series B preferred stock
            with a par value of $1.00 with 20,000,000 shares authorized and a
            common class with a par value of $.001 and 500,000,000 shares
            authorized.

            At March 31, 2005, the Company had three classes of stock; a
            convertible Series A preferred class with a par value of $1.00 with
            20,000,000 shares authorized, a convertible Series B preferred stock
            with a par value of $1.00 with 20,000,000 shares authorized and a
            common class with a par value of $.001 and 100,000,000 shares
            authorized.

            The Company in 2006 and 2005 did numerous Amendments to the share
            structure that may not have had the appropriate shareholder approval
            (See Note 10)

            The following details the share issuances in 2006 and 2005:

            Common Stock Transactions:
            2006

            The company issued 7,600,000 shares of stock at fair value of
            $369,000 for compensation and services.

            2005

            The Company issued 3,583,413 shares of common stock for services and
            compensation at fair value.

            The Company issued 15,000 shares of common stock for cash of
            $15,000.
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
               (FORMERLY KNOWN AS SITEWORKS INC. AND SUBSIDIARIES)
      NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005

NOTE 9-     TEMPORARY EQUITY

            The Company has recorded on its balance sheet as a temporary equity
            account for those securities issued that may not be in compliance
            with the registration provisions of the Securities Act of 1933, as
            amended and for the issuance of common and preferred stock that may
            not have been validly authorized. All related amounts that were
            previously included in common stock and additional paid-in amounts
            that were previously included in common stock and additional paid-in
            capital of the permanent stockholders' equity (deficit) section have
            been reclassified to temporary equity as their redemption may not be
            solely within the control of the issuer.

            Temporary equity at March 31, 2006 is $10,647,820.

NOTE 10-    CONTINGENCY/UNCERTAINTY

            The Company during the three months ended March 31, 2006 and
            December 31, 2005 year end became aware that some or all of the
            capital changes may not have been validly adopted by the Company's
            Board of Directors, approved by the Company's Shareholders, or filed
            with the Secretary of State as required by the laws of the State of
            Florida. As a result, it appears that the Company may not have been
            authorized to issue certain shares of its common and preferred
            stock.

            Therefore, these amounts have been reclassified to temporary equity
            (See Note 9). .
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
               (FORMERLY KNOWN AS SITEWORKS INC. AND SUBSIDIARIES)
      NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005

NOTE 11-    GOING CONCERN

            As shown in the accompanying condensed consolidated unaudited
            financial statements, the Company incurred substantial net losses
            since inception and doesn't have the revenue stream to support
            itself. There is no guarantee as to whether the Company will be able
            to generate enough revenue and/or raise capital to support those
            operations. This raises substantial doubt about the Company's
            ability to continue as a going concern.

            In addition, the Company may have issued certain shares of its stock
            that were not validly authorized (See Notes 9 and 10 .

            Management also states that they are confident that they can acquire
            projects and raise the appropriate funds needed either through a
            debt or equity offering to operate.

            The condensed consolidated unaudited financial statements do not
            include any adjustments that might results from the outcome of these
            uncertainties.

Note 12     Land and Mortgages

            In June 2005, the Company issued 1,100,000 shares of preferred stock
            Series B value at $1.00 a share. The Company also issued 35,000,000
            shares of common stock par value valued at $1,000,000 in order to
            purchase property from Munich LLC. The property was appraised at
            $2,100,000.

            Subsequently to the purchase, the Company discovered that the
            property wasn't free and clear of mortgages and/or liens. The second
            mortgage of approximately $1,200,000 is in the name of the former
            seller , but is additionally personally guaranteed by Carl Nurse.
            The seller has agreed to escrow 35,000,000 shares of common issued
            as part of the purchase price until the second is paid . The company
            owes approximately a total $1,200,000 as a first and 1, 200,000 as
            the second mortgage, by way of the personal Guarantee of its
            Principal Carl Nurse, on this property

            A final determination has not been finalized.
<PAGE>

             SITEWORKS BUILDING AND DEVELOPMENT CO AND SUBSIDIARIES
               (FORMERLY KNOWN AS SITEWORKS INC. AND SUBSIDIARIES)
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             MARCH 31, 2006 AND 2005

Note 13     Restatement

            The company has restated its March 2005 financial statements to
            reflect the fair value of stock issued in that quarter. The company
            increased its net loss in March 31, 2005 from $135,444 to
            $1,637,540. The company originally recorded the stock at $71,668
            instead of at fair value of $1,573,764.