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 QUARTERLY PERIOD ENDED: SEPTEMBER 30, 2006

       [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                        For the transition period from To


                         Commission file number 0-27739

                            Royal Quantum Group, Inc.
        (Exact name of small business issuer as specified in its charter)

            NEVADA                                       77-0517966
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
Incorporation or organization)

                            Suite #1100 - 1200 W 73rd
                       Vancouver, British Columbia V6P 6G5
                    (Address of principal executive offices)

                                 (403) 288-4321
                           (Issuer's telephone number)

[X]      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.

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


                      APPLICABLE ONLY TO CORPORATE ISSUERS

         State the number of shares  outstanding of each of the issuer's classes
of common equity, as of the latest practical date: September 30, 2006 35,858,365


         Transitional  Small Business  Disclosure Format (check one). Yes ; No X





PART I

ITEM 1.  FINANCIAL STATEMENTS


                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                              (Unaudited)
                                                                             September 30,         December 31,
ASSETS                                                                           2006                  2005
                                                                           ------------------    ------------------
Current Assets:
<S>                                                                      <C>                  <C>
Cash & Cash Equivalents                                                  $             9,173  $              1,800
Accounts Receivable                                                                    4,517                     -
Receivable - Sales Tax                                                                 4,577                     -
Inventory                                                                             61,015                     -
                                                                           ------------------    ------------------
     Total Current Assets                                                             79,282                 1,800
                                                                           ------------------    ------------------

Fixed Assets:
Equipment                                                                              3,724                     -
Furniture & Fixtures                                                                   1,851                     -
Less: Accumulated Depreciation                                                          (371)                    -
                                                                           ------------------    ------------------
     Total Fixed Assets                                                                5,204                     -
                                                                           ------------------    ------------------

Other Assets:
Prepaid Expenses                                                                           -                     -
Intangible Assets                                                                          1                     1
                                                                           ------------------    ------------------
     Total Other Assets                                                                    1                     1
                                                                           ------------------    ------------------

     Total Assets                                                        $            84,487  $              1,801
                                                                           ==================    ==================

LIABILITIES & STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts Payable                                                         $           131,299  $            102,703
Notes Payable                                                                        190,733                     -
Related Party Payables                                                                88,655                30,078
Shareholder Loans                                                                     19,845                55,345
                                                                           ------------------    ------------------
     Total Liabilities                                                               430,532               188,126
                                                                           ------------------    ------------------

Stockholders' Equity:
 Common Stock, Par value $.001
 Authorized 500,000,000 shares
 Issued 35,858,365 and 33,108,365
 Shares at September 30, 2006 and December 31, 2005                                   35,858                33,108
 Paid-in Capital                                                                   2,751,172             2,626,423
 Contributed Capital                                                                   3,000                     -
 Deficit Accumulated During the
  Development Stage                                                               (3,136,075)           (2,845,856)
                                                                           ------------------    ------------------
   Total Stockholders' Equity                                                       (346,045)             (186,325)
                                                                           ------------------    ------------------

     Total Liabilities and Stockholders' Equity                          $            84,487  $              1,801
                                                                           ==================    ==================
</TABLE>



                         See Accompanying Notes


<PAGE>

                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                                                          Cumulative
                                                                                                                           since
                                                                                                                          August 23,
                                                                                                                           2002
                                                        For the three months ended       For the nine months ended      inception of
                                                               September 30,                    September 30,            development
                                                           2006             2005            2006            2005           stage
                                                       -------------    ------------    ------------    ------------   ------------
<S>                                                  <C>             <C>             <C>             <C>             <C>
Revenues                                             $       22,308  $            -  $       22,308  $            -  $      22,308
Cost of Sales                                                (6,246)              -          (6,246)              -         (6,246)
                                                       -------------    ------------    ------------    ------------   ------------
   Total Revenues                                            16,062               -          16,062               -         16,062
                                                       -------------    ------------    ------------    ------------   ------------

Expenses:
   Advertising Expense                                       11,124               -          12,247               -         12,247
   Consulting Fees                                           24,040          15,000          70,640          45,813        693,185
   Compensation Expense                                           -         128,790               -         128,790        128,790
   General & Administrative                                  64,942           3,800         110,425          27,883        370,684
                                                       -------------    ------------    ------------    ------------   ------------

     Loss from Operations                                   (84,044)       (147,590)       (177,250)       (202,486)    (1,188,844)
                                                       -------------    ------------    ------------    ------------   ------------

Other Income (Expenses)
   Write-down of Goodwill                                         -               -          (2,500)              -         (2,500)
   Interest, Net                                             (5,690)              -        (110,469)              -       (110,692)
                                                       -------------    ------------    ------------    ------------   ------------
     Total Other Income (Expense)                            (5,690)              -        (112,969)              -       (113,192)
                                                       -------------    ------------    ------------    ------------   ------------

     Net Loss from Continuing Operations             $      (89,734) $     (147,590) $     (290,219) $     (202,486) $  (1,302,036)
                                                       -------------    ------------    ------------    ------------   ------------

Discontinued Operations
   Loss from operation of discontinued component                  -         (13,351)              -         (65,096)    (1,967,294)
   Gain on disposal,net of tax effect of $0                       -         133,255               -         133,255        133,255
                                                       -------------    ------------    ------------    ------------   ------------
     Net Income (Loss) from Discontinued Operations               -         119,904               -          68,159     (1,834,039)
                                                       -------------    ------------    ------------    ------------   ------------

     Net Loss                                               (89,734) $      (27,686)  $    (290,219) $     (134,327) $  (3,136,075)
                                                       =============    ============    ============    ============   ============
Basic and Diluted Loss Per Share
   Continuing Operations                             $            -  $            -  $        (0.01) $        (0.01)
   Discontinued Operations                           $            -  $            -  $            -  $            -
                                                       -------------    ------------    ------------    ------------
Loss per share                                       $            -  $            -  $           (0) $            -
                                                       =============    ============    ============    ============

Weighted Average Shares Outstanding                      35,858,365      26,206,343      34,185,571      26,206,343
                                                       =============    ============    ============    ============
</TABLE>
                   See Accompanying Notes


<PAGE>

                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                                          Cumulative
                                                                                                             since
                                                                                                           August 23,
                                                                                                             2002
                                                               For the Nine months ended                 inception of
                                                                           September 30,                  development
                                                                 2006                 2005                   stage
                                                          -------------------  -------------------   ----------------------
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                     <C>                   <C>                  <C>
Net Loss                                                $           (290,219) $          (134,327) $            (3,136,075)
Net Income/(Loss)from Disconued Operations                                                                       1,578,681
Adjustments to reconcile net income (loss) to
   net cash provided (used in) operating activities:
  Depreciation                                                           371                    -                      371
  Stock issued for interest                                          100,000                    -                  100,000
  Stock issued for start up costs                                          -                    -                   12,600
  Stck issued for services                                                 -              128,790                  499,390
  Writedown of goodwill                                                2,500                    -                    2,500
  (Increase) decrease in taxes receivable                             (4,577)                (428)                  (4,577)
  (Increase) decrease in accounts receivable                          (4,517)                   -                   (4,517)
  (Increase) decrease in inventory                                   (61,015)                   -                  (61,015)
  (Increase) decrease in deposits                                          -               53,067                        -
  (Increase) decrease in prepaid expenses                                  -                  900                        -
  Increase (decrease) in accounts payable                             28,596               28,756                  274,479
                                                          -------------------  -------------------   ----------------------
   Net cash provided (used in) continuing activities                (228,861)              76,758                 (738,163)
   Net cash provided (used in) discontinuing activities                    -              (73,188)                 386,515
                                                          -------------------  -------------------   ----------------------
   Net cash provided by (used in) operating activities              (228,861)               3,570                 (351,648)
                                                          -------------------  -------------------   ----------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
   Purchase of fixed assets                                           (5,575)                   -                   (5,575)
                                                          -------------------  -------------------   ----------------------
   Net cash provided by (used in) investing activities                (5,575)                   -                   (5,575)
                                                          -------------------  -------------------   ----------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
Loan from shareholders                                                58,576                37,000                 166,921
Payment of loan from shareholders                                     (7,500)              (45,000)                (60,500)
Notes payable                                                        190,733                    -                  190,733
Contributed capital                                                        -                    -                    2,842
Stock issued in exchange for cash                                          -                    -                   66,400
                                                          -------------------  -------------------   ----------------------
   Net cash provided by (used in) financing activities               241,809               (8,000)                 366,396
                                                          -------------------  -------------------   ----------------------

Net (Decrease) increase in Cash and Cash Equivalents                   7,373               (4,430)                   9,173
Cash and Cash Equivalents at Beginning of Period                       1,800                7,882                        -
                                                          -------------------  -------------------   ----------------------
Cash and Cash Equivalents at End of Period              $              9,173  $             3,452  $                 9,173
                                                          ===================  ===================   ======================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
   Interest                                             $                  -  $                 -  $                    12
   Income taxes                                         $                  -  $                 -  $                     -
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND
FINANCING ACTIVITIES:
Stock issued in plan of reorganization                  $                  -  $                 -  $                   858
Stock issued in asset acquisition                       $                  -  $                 -  $             2,243,000
Stock issued for services                               $                  -  $                 -  $               449,390
Stock issued for cancellation of debt                   $             25,000  $                 -  $               174,700
Shareholder loans converted to paid in capital          $              3,000  $                 -  $                 3,000
</TABLE>

                      See Accompanying Notes


<PAGE>

                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE NINE MONTHS ENDED SEPTEMBER, 2006 AND 2005


NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         This summary of accounting  policies for Royal Quantum Group, Inc. (the
"Company")  is  presented to assist in  understanding  the  Company's  financial
statements.  The accounting  policies conform to generally  accepted  accounting
principles  and  have  been  consistently  applied  in  the  preparation  of the
financial statements.

Nature of Operations and Going Concern

         The accompanying  financial  statements have been prepared on the basis
of accounting principles applicable to a "going concern",  which assume that the
Company  will  continue in  operation  for at least one year and will be able to
realize  its assets  and  discharge  its  liabilities  in the  normal  course of
operations.

         Several conditions and events cast doubt about the Company's ability to
continue  as  a  "going  concern".  The  Company  has  incurred  net  losses  of
approximately  $3,100,000  for the period  from August 23,  2002  (inception  of
development  stage) to September 30, 2006,  has a liquidity  problem,  and as of
September 30, 2006 has minimal sources of revenue. In the interim,  shareholders
of the Company have committed to meeting any shortfall of operational cash flow.
In addition  the company may require  increasing  equity and debt  financing  in
order to finance its business activities on an ongoing basis.

         These  financial  statements do not reflect  adjustments  that would be
necessary  if the Company  were unable to continue as a "going  concern".  While
management believes that the actions already taken or planned, will mitigate the
adverse conditions and events which raise doubt about the validity of the "going
concern" assumption used in preparing these financial  statements,  there can be
no assurance that these actions will be successful.

         If the  Company  were unable to  continue  as a "going  concern",  then
substantial adjustments would be necessary to the carrying values of assets, the
reported  amounts of its  liabilities,  the reported  expenses,  and the balance
sheet classifications used.

Organization and Basis of Presentation

         The Company was  incorporated  under the laws of the State of Nevada on
October  22,  1996 under the name PSM Corp.  The  Company  ceased all  operating
activities  during  the period  from  October  22,  1996 to July 9, 1999 and was
considered  dormant.  On July 9, 1999,  the Company  obtained a  Certificate  of
renewal from the State of Nevada.  On January 11, 2000, the company  changed its
name to Mentor On Call, Inc.


<PAGE>

                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE NINE MONTHS ENDED SEPTEMBER, 2006 AND 2005

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization and Basis of Presentation (Continued)

         On  October  3,  2002,  the  Company   changed  its  name  to  Platinum
SuperYachts, Inc. in anticipation of a merger with SuperYachts Holdings, Inc. (a
Nevada  Corporation  that was  incorporated on August 13, 2002). On November 15,
2002,  the  shareholders  of the Platinum  SuperYachts,  Inc.  completed a stock
exchange  agreement with  SuperYachts  Holdings,  Inc. dated August 8, 2002. The
merger was accounted for as a reverse merger,  with  SuperYachts  Holdings being
treated as the acquiring entity for financial reporting purposes.  In connection
with this merger,  SuperYachts  Holdings  issued  858,365 shares of common stock
(100%) in exchange for the assets and  liabilities of the Platinum  SuperYachts,
Inc.

         For  financial  reporting  purposes,  Platinum  SuperYachts,  Inc.  was
considered a new reporting entity on November 15, 2002

         The merger was recorded as a recapitalization.  In connection with this
recapitalization, the number of shares outstanding prior to the merger have been
restated to their post merger  equivalents  (increased from 1,400,000  shares to
14,000,000).  All  references in the  accompanying  financial  statements to the
number of Common  shares and  per-share  amounts for 2002 have been  restated to
reflect the equivalent number of post merger shares.

         On November  23, 2005  holders of a majority  of the  Company's  common
stock  approved the Amendment to change the name of the Company to Royal Quantum
Group,  Inc.,  to increase  the number of shares of common  stock the Company is
authorized to issue to  500,000,000  and to authorize the Company to issue up to
10,000,000 shares of preferred stock.

         As of September 30, 2006, the Company is in the development  stage, and
has  concluded  the  acquisition  of X-Treme  Oilfield  Communications  Inc. The
company  issued  250,000  shares of  restricted  common  stock  for the  X-treme
Oilfield  shell  company and paid  $75,000.00  Canadian  dollars  for  inventory
pertinent to the communications business.

Nature of Business

         Royal Quantum Group is committed to the  acquisition and development of
small to medium size businesses that demonstrate existing or near term cash flow
opportunity.

            The  company  has  acquired  X-Treme  Oilfield  Communications  Inc.
X-Treme is a provider of high-speed satellite  communications to the oil and gas
sector. The X-Treme product line offers voice, fax and real time data transfers,
using both wired and wireless technology with

<PAGE>

                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE NINE MONTHS ENDED SEPTEMBER, 2006 AND 2005

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Nature of Business (Continued)

the capability to broadcast to multiple users on any specific location.  X-Treme
also provides Hot Spot Services and can configure phone/fax capabilities through
VoIP and FoIP  installations,  The  company  is also  seeking to expand to other
industries,  which  require  the need for high  speed  communications  in remote
locations.

           In addition we will  continue to focus on companies  that are lacking
in financial ability to take their product to a profitable level.  Royal Quantum
will  provide  the  opportunity  to access  the  public  markets as a source for
capital along with the management expertise to allow the business to develop and
grow to its full potential. By placing the acquired companies under the umbrella
of the parent  corporation,  Royal Quantum Group will poise itself to be a solid
cash flow positive corporation.

Cash and Cash Equivalents

         For purposes of the statement of cash flows, the Company  considers all
highly liquid debt instruments purchased with a maturity of three months or less
to be cash equivalents to the extent the funds are not being held for investment
purposes.

Interim Reporting

         The unaudited financial statements as of September 30, 2006 and for the
nine months then ended reflect,  in the opinion of management,  all  adjustments
(which include only normal recurring  adjustments) necessary to fairly state the
financial  position and results of  operations  for the nine  months.  Operating
results for interim periods are not necessarily  indicative of the results which
can be expected for full years.

Depreciation and Amortization

         Fixed assets are recorded at cost and depreciated  using  straight-line
and  accelerated  methods  over the  estimated  useful lives of the assets which
range from three to five years.  Fixed  assets  consisted  of the  following  at
September 30, 2006 and December 31, 2005:

                                         (Unaudited)
                                         September 30,       December 31,
                                             2006                2005
                                       ------------------  ------------------
Equipment                                       $  3,724            $      -
Furniture & Fixtures
                                                   1,851                   -
Less accumulated depreciation
                                                   (371)                   -
                                       ------------------  ------------------

Total                                       $     5,204             $     -
                                       ==================  ==================

<PAGE>

                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE NINE MONTHS ENDED SEPTEMBER, 2006 AND 2005

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Depreciation and Amortization (Continued)

         Maintenance  and  repairs are charged to  operations;  betterments  are
capitalized.  The  cost  of  property  sold  or  otherwise  disposed  of and the
accumulated  depreciation  thereon are eliminated  from the property and related
accumulated depreciation accounts, and any resulting gain or loss is credited or
charged to income.

         Total depreciation expense for the nine months ended September 30, 2006
and 2005 was $371 and $0, respectively.

Intangible Assets

         The Company has adopted the Financial  Accounting  Standards Board SFAS
No., 142, "Goodwill and Other Intangible Assets." SFAS 142 requires, among other
things,  that companies no longer amortize  goodwill,  but instead test goodwill
for  impairment  at least  annually.  In addition,  SFAS 142  requires  that the
Company identify reporting units for the purposes of assessing  potential future
impairments of goodwill,  reassess the useful lives of other existing recognized
intangible   assets,  and  cease  amortization  of  intangible  assets  with  an
indefinite  useful life.  An  intangible  asset with an  indefinite  useful life
should be tested for impairment in accordance with the guidance in SFAS 142.

Intangible  Assets consisted of the following at September 30, 2006 and December
31, 2005:

<TABLE>
<CAPTION>
                                          September 30,       December 31,
           Intangible Asset                   2006                2005          Amortization Period
--------------------------------------- ------------------  ------------------ -------------------------
<S>                                     <C>                 <C>
E-Learning System                       $                1  $                1        Indefinite
Less accumulated amortization                            -                   -
                                        --------------------------------------
Total                                   $                1  $                1
                                        ==================  ==================
</TABLE>

         Total amortization expense for the nine months ended September 30, 2006
and December 31, 2005 was $0 and $0 respectively.

<PAGE>

                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE NINE MONTHS ENDED SEPTEMBER, 2006 AND 2005

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Pervasiveness of Estimates

         The  preparation of financial  statements in conformity  with generally
accepted  accounting  principles  required  management  to  make  estimates  and
assumptions  that  affect the  reported  amounts of assets and  liabilities  and
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements  and the  reported  amounts  of  revenues  and  expenses  during  the
reporting period. Actual results could differ from those estimates.

Foreign Currency Translation

         The Company's primary functional currency is the U.S. dollar.  Monetary
assets and liabilities  resulting from  transactions  with foreign suppliers and
customers  are  translated at year-end  exchange  rates while income and expense
accounts are  translated at average  rates in effect during the year.  Gains and
losses on translation are included in income.

Concentrations of Credit Risk

         The  Company has no  significant  off-balance-sheet  concentrations  of
credit  risk such as foreign  exchange  contracts,  options  contracts  or other
foreign hedging arrangements.

Earnings (Loss) per Share

         Basic loss per share has been  computed  by  dividing  the loss for the
period  applicable to the common  stockholders by the weighted average number of
common  shares  outstanding  during the years.  There were no common  equivalent
shares outstanding at September 30, 2006 and 2005.

Stock Compensation for Non-Employees

         The  Company  accounts  for the fair  value of its  stock  compensation
grants for  non-employees  in accordance with FASB Statement 123. The fair value
of each grant is equal to the market price of the Company's stock on the date of
grant if an active  market  exists or at a value  determined  in an arms  length
negotiation between the Company and the non-employee.

<PAGE>

                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE NINE MONTHS ENDED SEPTEMBER, 2006 AND 2005


NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Principles of Consolidation

         The  consolidated  financials  statements for the three and nine months
ended  September 30, 2006 and 2005 include the accounts of Royal Quantum  Group,
Inc.  and  its  wholly  owned  subsidiary,   X-Treme  Oilfield   Communications.
Intercompany transactions and balances have been eliminated in consolidation and
combination.

Recent Accounting Standards

            In May 2005, the FASB issued SFAS No. 154,  "Accounting  for Changes
and Error  Corrections - a replacement  of APB No. 20 and FASB Statement No. 3."
This  statement  modifies  the  reporting of changes in  accounting  principles,
reclassifies  changes  and  principle  in the  absence  of  explicit  transition
guidance.   This  statement  also  provides  guidance  for  determining  whether
retrospective  application of a change in accounting principle is impracticable.
This statement is effective for accounting  changes and  corrections  for fiscal
years  beginning  after December 15, 2005.  Management does not believe that the
adoption of this policy will have any effect on its financial statements.

            In  February  2006,  The FASB issued  SFAS No. 155  "Accounting  for
Certain Hybrid  Financial  Instruments - an amendment of FASB Statements No. 133
and 140." This statement amends FASB 133, Accounting for Derivative  Instruments
and Hedging  Activities and Statement and No. 140,  Accounting for Transfers and
Servicing of Financial Assets and Extinguishments of Liabilities.  The statement
permits  fair value  remeasurement  for any  hybrid  financial  instrument  that
contains  an  embedded  derivative  that would  otherwise  require  bifurcation,
clarifies  which  interest  only  strips and  principal  are not  subject to the
requirements of Statement 133, establishes a requirement to evaluate interest in
securitized  financial assets,  clarifies that  concentrations of credit risk in
the form of subordination are not embedded  derivatives and amends statement 140
to eliminate the prohibition on a qualifying special-purpose entity from holding
a derivative  financial  instrument to a beneficial  interest other than another
derivative  financial  instrument.  The  statement is effective for fiscal years
beginning after September 15, 2006. Management does not expect this statement to
have any material effect on its financial statements.

         In March 2006 the FASB issued SFAS No. 156 " Accounting  for  Servicing
of Financial Instruments - an amendment of FASB No.140, Accounting for Transfers
and Servicing of Financial  Instruments and Extinguishments of Liabilities.  The
statement requires


<PAGE>

                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE NINE MONTHS ENDED SEPTEMBER, 2006 AND 2005

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Recent Accounting Standards (Continued)

an entity to  recognize a servicing  asset or servicing  liability  each time it
undertakes  an  obligation  to service  an asset by  entering  into a  servicing
contract,  requires all  separately  recognized  servicing  assets and servicing
liabilities to be initially measured at fair market value,  permits an entity to
choose either the amortization  method or fair market value  measurement  method
for  subsequent  measurement  periods  for each class of  separately  recognized
servicing assets and servicing liabilities,  permits a one-time reclassification
of  available-for-sale   securities  to  trading  securities  by  entities  with
recognized  servicing  rights at its initial  adoption,  and  requires  separate
presentation of servicing assets and servicing liabilities subsequently measured
at fair value.  The  statement is effective  for fiscal  years  beginning  after
September  15,  2006.  Management  does not expect  this  statement  to have any
material effect on its financial statements.

NOTE 2 - INCOME TAXES

                                  2005                2004
                           ------------------- -------------------
Net Operating Losses              $ 3,766,415   $    3,304,818
Accrued Consulting Fees              (10,227)          (41,888)
Valuation Allowance               (3,756,188)       (3,262,930)
                           ------------------- -------------------
                                  $        -    $            -
                           =================== ===================

         As  of  December  31,  2005,  the  Company  had a  net  operating  loss
carryforward for income tax reporting purposes of approximately $11,077,691 that
may be offset against future taxable income through 2025. Current tax laws limit
the amount of loss  available to be offset  against future taxable income when a
substantial  change in  ownership  occurs.  Therefore,  the amount  available to
offset future taxable income may be limited. No tax benefit has been reported in
the financial statements, because the Company believes there is a 50% or greater
chance the  carryforwards  will expire  unused.  Accordingly,  the potential tax
benefits of the loss  carryforwards  are offset by a valuation  allowance of the
same amount.


<PAGE>


                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE NINE MONTHS ENDED SEPTEMBER, 2006 AND 2005


NOTE 2 - INCOME TAXES (Continued)

         The  provision for income taxes differ from the amount  computed  using
the federal US statutory income tax rate as follows:

<TABLE>
<CAPTION>
                                                                         2005                2004
                                                                  ------------------- -------------------
<S>                                                                <C>                  <C>
Provision (Benefit) at US Statutory Rate                           $       (57,483)     $   (587,437)
Loss on Sale of Assets previously written down for book purposes
                                                                          (359,151)                -
Amortization                                                               (44,963)                -
Accrued Consulting Fees                                                    (31,661)           19,788
Increase (Decrease) in Valuation Allowance                                 493,258           567,649
                                                                  ------------------- -------------------
                                                                          $       -     $          -
                                                                  =================== ===================
</TABLE>

         The Company  evaluates its valuation  allowance  requirements  based on
projected future operations.  When  circumstances  change and causes a change in
management's  judgment  about the  recoverability  of deferred  tax assets,  the
impact of the change on the valuation is reflected in current income.

NOTE 3 - DEVELOPMENT STAGE COMPANY/GOING CONCERN

         The Company has not commenced its intended principal  operations and as
is common with a  development  stage  company,  the  Company  has had  recurring
losses.  Continuation  of the  Company  as a going  concern  is  dependent  upon
obtaining  the  additional  working  capital  necessary to be  successful in its
planned  activity,  and the  management of the Company has developed a strategy,
which it believes will  accomplish  this  objective  through  additional  equity
funding  and long term  financing,  which will enable the Company to operate for
the coming year.

NOTE 4 - LEASE AGREEMENT

         The company  has  terminated  its virtual  office  lease  agreement  in
Vancouver  Canada  effective May 31, 2006 and has entered into a  month-to-month
lease  agreement  for a office in Calgary,  Alberta,  Canada.  This lease can be
canceled on one  month's  written  notice.  The current  lease  requires  rental
payments  of  approximately  $1,500  ($1,850  Canadian  Dollars)  per month plus
applicable  taxes.  For the nine months ended September 30, 2006 the Company had
$8,737.59 in rent expense.



<PAGE>

                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE NINE MONTHS ENDED SEPTEMBER, 2006 AND 2005

NOTE 5 - RELATED PARTY TRANSACTIONS

         Effective  July 11,  2005,  Shahhid  Vohra  resigned  his  positions as
director,  vice-president and secretary of Platinum SuperYachts, Inc. There were
no  disagreements  between Mr. Vohra and the Company  relating to the  Company's
operations, policies or practices.

         Effective July 11, 2005 the Company issued 2,000,000  restricted shares
to Roger Janssen the company's Vice  President and Secretary.  These shares have
been valued at the market price of $0.012.  Compensation  expense of $24,000 has
been booked on the accompanying Statement of Operations.

         On September  29, 2005,  The Company  sold  certain  assets  related to
designing,  building and selling  yachts (the  "Assets") to Shahhid  Vohra,  the
Company's former Vice-President and Secretary.  As consideration for the assets,
Mr. Vohra agreed to allow the Company to cancel 9,000,000 shares (the "Cancelled
Shares") of the Company's  common stock  beneficially  owned by Mr.  Vohra.  The
Cancelled Shares were originally  issued to Mr. Vohra as consideration  when the
Company  purchased  the  Assets  from Mr.  Vohra in  November  2002.  The Assets
included,  among other things, yacht models, a hull display,  yacht blue prints,
the    content    of    the     Company's     website,     the    domain    name
www.platinumsuperyachts.com  and the  rights to the name  Platinum  SuperYachts,
Inc.

         On October 4, 2005,  in  accordance  to the Board of Directors  written
consent  effective  September 13, 2005, the Company issued  14,970,000 shares of
common  stock (the  "Shares")  to Santeo  Financial  Corporation  ("Santeo")  in
exchange for the  cancellation  of $149,700  owed by the Company to Santeo.  Ron
Ruskowsky,  the Company's Director,  President and Chief Executive Officer is an
affiliate of Santeo.  The Shares were issued  without  registration  in reliance
upon the exemption  provided by Section 4(2) of the  Securities  Act of 1933, as
amended and Regulation D promulgated thereunder.

         On May 8, 2006 the company paid $7,500 to Shahhid Vohra for  settlement
of an outstanding shareholder loan owing to Mr. Vohra in the amount of $10,500.

         On June 14, 2006, the Company issued  2,500,000  shares of common stock
to Keith Campbell in total  satisfaction of a shareholder  loan in the principal
amount of $25,000.00. The securities were issued pursuant to Section 4(2) of the
Securities Act of 1933.

<PAGE>

                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE NINE MONTHS ENDED SEPTEMBER, 2006 AND 2005

NOTE 5 - RELATED PARTY TRANSACTIONS (Continued)

         As of September 30, 2006 and December 31, 2005, the Company owed Santeo
Financial  $88,655  and  $30,078  respectfully  for  consulting  services.   Ron
Ruskowsky, President and CEO of the Company is an affiliate of Santeo Financial.
Currently  the Company has an agreement  with Santeo  Financial  whereby  Santeo
Financial provides  consulting  services in exchange the Company agrees to pay a
consultant fee of $5,000 per month.

         As of  September  30, 2006 and December  31,  2005,  shareholders  have
advanced the Company $19,845 and $55,345, respectively, payable on demand and do
not  carry  an  interest  rate.  This  transaction  has  been  recorded  in  the
accompanying financial statements as Shareholder loans.

NOTE 6 - COMMON STOCK AND WARRANTS

         Effective July 11, 2005 the company issued 2,000,000  restricted shares
to Roger Janssen the company's Vice  President and Secretary.  These shares have
been valued at the market price of $0.012.  Compensation  expense of $24,000 has
been booked on the accompanying Statement of Operations.

         On October 4, 2005,  in  accordance  to the Board of Directors  written
consent  effective  September 13, 2005, the Company issued  14,970,000 shares of
common  stock (the  "Shares")  to Santeo  Financial  Corporation  ("Santeo")  in
exchange for the  cancellation  of $149,700  owed by the Company to Santeo.  Ron
Ruskowsky,  the Company's Director,  President and Chief Executive Officer is an
affiliate of Santeo.  The Shares were issued  without  registration  in reliance
upon the exemption  provided by Section 4(2) of the  Securities  Act of 1933, as
amended and Regulation D promulgated  thereunder.  These shares have been valued
at the market price on the date of the  agreement of $0.017.  In addition to the
cancellation of the $149,700 and additional  amount of  compensation  expense of
$104,790 has been booked on the accompanying Statement of Operations.

         On June 14, 2006, the Company issued  2,500,000  shares of common stock
to Keith Campbell in total  satisfaction of a shareholder  loan in the principal
amount of $25,000 and interest of $100,000.  The securities were issued pursuant
to Section 4(2) of the Securities Act of 1933.

         Pursuant to an agreement  effective  June 30, 2006,  the Company issued
250,000  restricted  common  shares  for the  acquisition  of  X-Treme  Oilfield
Communications, Inc.


<PAGE>

                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE NINE MONTHS ENDED SEPTEMBER, 2006 AND 2005

NOTE 7 - NOTES PAYABLE

         On February  24,  2006 the Company  entered  into a note  payable  with
Integrated  Business  Concepts,  Inc.  that is due upon  demand and  carries and
interest  rate of 12%. As of September  30,  2006,  the amount owing on the note
consists of principal in the amount of $185,795 and interest of $4,938.

NOTE 8 - PENDING LITIGATION

         Dieterich & Associates v. Platinum SuperYachts, Inc. Dieterich obtained
a default judgment in case number 04T01643 in Los Angeles County, California for
legal services rendered in the amount of $9,807.  The Company settled the matter
and obtained a release for $5,000.

NOTE 9 - DISCONTINUED OPERATIONS

         On September 29, 2005, Royal Quantum Group, Inc. (The Company) disposed
of certain  assets  related to  designing,  building  and  selling  yachts.  The
decision  to sell the  component  was  based  on the fact  that we have not been
successful  in the mega yacht  industry  due to two  important  factors.  First,
purchasers of yachts in the price range of our products  were not  interested in
building  with a  manufacturer  that was  relatively  new in the  industry.  The
preference  of the mega yacht buyer is to work with a builder that has a history
in the business with product  available for the client to view.  Second, we were
unable to close a  financing  large  enough to allow the company to build a spec
yacht.  The ability to have a spec yacht  available to show our clients the high
quality  craftsmanship  of  which  we  were  capable  would  have  significantly
increased  our ability to sell the product.  As the share price of the Company's
common  stock began to decrease,  we were faced with the problem of  significant
shareholder  dilution  to secure a funding  necessary  to build a spec  product.
Management  did not  feel it was in the best  interest  of the  shareholders  to
attempt a  multi-million  dollar  financing  while  faced  with such a low share
price.  Accordingly,  we sold all of the Company's  assets  related to the yacht
business back to the former stockholders of PR Marine Inc. on September 29, 2005
in exchange for the former stockholders of PR Marine Inc. agreeing to cancel all
of their outstanding shares of the Company.

<PAGE>

                            ROYAL QUANTUM GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
               FOR THE NINE MONTHS ENDED SEPTEMBER, 2006 AND 2005

NOTE 9 - DISCONTINUED OPERATIONS (Continued)

         Operating  results of this  discontinued  operation for the year's Nine
months  ended  September  30,  2006  is  shown  separately  in the  accompanying
statement of operations.  The operating  results of the discontinued  operations
for the nine months ended September 30, 2006 consist of:

                                                       September 30,
                                                            2005
                                                    ---------------------
Sales                                                 $           18,926
Cost of Goods Sold                                              (15,029)
                                                    ---------------------
Gross Profit                                                       3,897

Depreciation and Amortization                                   (17,248)
                                                    ---------------------

Net Income (Loss)                                          $    (13,351)
                                                    =====================



<PAGE>


ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND PLAN OF
OPERATIONS

This  statement  includes  projections  of future  results and "forward  looking
statements" as that term is defined in 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"). All statements that are included in
this Quarterly  Report,  other than  statements of historical  fact, are forward
looking statements. Although management believes that the expectations reflected
in these forward  looking  statements are  reasonable,  it can give no assurance
that such expectations will prove to have been correct.

FINANCIAL SUMMARY

Results of Operations for the Nine Months Ended September 30, 2006

The net loss of  $290,219  for the nine  months  ended  September  30,  2006 was
comprised of Revenue of $22,308.  Cost of Good sold of $6,246,  Interest Expense
of $110,469  Consulting  fees in the amount of $70,640  Advertising  of $12,247,
Accounting  and Legal of $7,853  General and  Administrative  of  $93,834,  Rent
Expense of $8,738 and write off of goodwill of $2,500.

Results of Operations for the Nine Months Ended September 30, 2005

The net loss of  $134,327  for the nine  months  ended  September  30,  2005 was
comprised of Consulting fees in the amount of $45,813,  Compensation  expense of
$128,790 general and administrative of $27,883, Loss from discontinued component
of 65,096 and Gain on disposal of assets of $133,255.

Liquidity and Capital Resources

For the Nine Months  ended  September  30, 2006;  the  Company's  cash  position
increased by $7,373. Cash used in operating  activities totaled $228,861,  while
cash provided by financing activities was $241,809.

For the Nine Months  ended  September  30, 2005;  the  Company's  cash  position
decreased by $4,430.  Cash provided from operating  activities  totaled  $3,570,
while cash used by financing activities was $8,000.

MANAGEMENT PLAN OF OPERATIONS

We are  committed to the  acquisition  and  development  of small to medium size
businesses that demonstrate existing or near term cash flow opportunity.

On June 30, 2006, the company  acquired  X-Treme  Oilfield  Communications  Ltd.
X-Treme is a provider of high-speed satellite  communications to the oil and gas
sector. The X-Treme product line offers voice, fax and real time data transfers,
using both wired and wireless  technology  with the  capability  to broadcast to
multiple users on any specific location. X-Treme also provides Hot Spot Services
and can configure phone/fax capabilities through VoIP and FoIP installations.

The company is seeking to expand to other industries, which require the need for
high speed communications in remote locations.  X-Treme Oilfield  Communications
will operate as a wholly owned subsidiary of Royal Quantum Group Inc.



<PAGE>

In  addition,  we will  continue  to focus on  companies  that  are  lacking  in
financial  ability to take their product to a profitable  level. We will provide
the  opportunity to access the public markets as a source for capital along with
the  management  expertise to allow the business to develop and grow to its full
potential.  By placing the acquired  companies  under the umbrella of the parent
corporation, we hope to achieve profitability.

As of September  30, 2006,  we are in the  development  stage.  As a development
stage company, we have had recurring losses during this phase of operations.

ITEM 3. CONTROLS AND PROCEDURES

Royal Quantum Group Inc.'s management, including the Principal Executive Officer
and  Principal   Financial   Officer,   have  conducted  an  evaluation  of  the
effectiveness  of disclosure  controls and  procedures  pursuant to Exchange Act
Rule 13a-14(c) and 15d-14(c).  Based on that evaluation, the Principal Executive
Officer and Principal  Financial Officer concluded that the disclosure  controls
and procedures are effective in ensuring that all material  information required
to be filed in this  quarterly  report  has been made  known to them in a timely
fashion. There have been no significant changes in internal controls or in other
factors that could significantly affect internal controls subsequent to the date
the Principal  Executive Officer and Principal Financial Officer completed their
evaluation.


                           PART II - OTHER INFORMATION

ITEM 1.LEGAL PROCEEDINGS

Dieterich &  Associates  v.  Platinum  SuperYachts,  Inc.  Dieterich  obtained a
default  judgment in case number 04T01643 in Los Angeles County,  California for
legal services rendered in the amount of $9,807.  The Company settled the matter
and obtained a release for $5,000.

ITEM 2. CHANGE IN SECURITIES AND USE OF PROCEEDS

On June 14, 2006, the Company issued  2,500,000  shares of common stock to Keith
Campbell in total  satisfaction of a shareholder loan in the principal amount of
$25,000 and $100,000 of interest. The securities were issued pursuant to Section
4(2) of the Securities Act of 1933.

Pursuant to an agreement  effective  June 30, 2006,  the company  issued 250,000
shares for the acquisition of X-Treme Oilfield Communications Inc.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

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

None for the quarterly reporting period ending September 30, 2006.

ITEM 5. OTHER INFORMATION

The company received financial advances from a private lending group as follows:
On March 7, 2006 the sum of  $14,000.00  (Canadian)  was  received;  on April 5,
2006, the sum of $100,000.00  (Canadian) was received; and on April 18, 006, the
sum of $100,000.00 (Canadian) was received. All three notes bear interest at the
amount of 12% per annum, billable monthly and are payable on demand.



<PAGE>

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

Exhibits

Royal Quantum Group Inc. includes herewith the following exhibits:

Number   Description

31       Certification  Pursuant  to Section  302 of the  Sarbanes-Oxley  Act of
         2002.

32       Certification  Pursuant  to Section  906 of the  Sarbanes-Oxley  Act of
         2002.

Reports on Form 8-K

None

<PAGE>


                                   SIGNATURES

In  accordance  with  Section 13 or 15(d) of the Exchange  Act,  the  registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                            ROYAL QUANTUM GROUP, INC.

Dated: November 15, 2006


                               By  /S/     Ron Ruskowsky
                               Ron Ruskowsky,
                               President, CEO
                               Principal Executive and Accounting Officer


































<PAGE>