<PAGE>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM 10-QSB


[X]  QUARTERLY  REPORT  UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF  1934.

     FOR  THE  QUARTERLY  PERIOD  ENDED  September 30, 2003.
                                         ------------------
[ ]  TRANSITION  REPORT  UNDER  SECTION  13  OR  15(d)  OF  THE SECURITIES AND
     EXCHANGE ACT OF 1934.

          FOR THE TRANSITION PERIOD FROM ____________ TO _____________


                         Commission File Number 0-21931

                                THE PROJECT GROUP, INC.
                                 ---------------------
        (Exact name of small business issuer as specified in its charter)


      Nevada                                       88-0392153
     --------                                      ----------
(State  or  other  jurisdiction  of             (I.R.S. Employer
  incorporation  or  organization)             Identification  No.)



          1770  St.  James  Place,  Suite  115,  Houston,  Texas 77056

                           --------------------------
                    (Address of principal executive offices)

                                 (713) 622-1100
                                 --------------
                           (Issuer's telephone number)


     Check  whether  the  issuer  (1)  filed all reports required to be filed by
Section  13  or  15(d) of the Securities Exchange Act of 1934 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  X   No ___


The number of shares outstanding of the Issuer's Common Stock, $.001 Par Value,
as  of November 17, 2003  was 54,016,000.

<PAGE>

PART  1  -  FINANCIAL  INFORMATION
            ----------------------


                            THE PROJECT GROUP, INC.
                           CONSOLIDATED BALANCE SHEET
                               SEPTEMBER 30, 2003
                                  (UNAUDITED)
-------------------------------------------------------------------------------

                                         ASSETS

CURRENT ASSETS
Cash ............................................................   $     3,143
Accounts receivable, net of allowance of $78,000 ................       299,055
Unbilled receivables ............................................        24,051
Prepaid expenses ................................................         7,112
Deferred expenses ...............................................       202,750
                                                                    -----------

Total current assets ............................................       536,111
                                                                    -----------

Computers and equipment, net ....................................        17,413
Software development, net .......................................        24,947
                                                                    -----------

TOTAL ASSETS ....................................................   $   578,471
                                                                    ===========

                          LIABILITIES AND SHAREHOLDERS' DEFICIT

CURRENT LIABILITIES
Accounts payable   ..............................................   $   153,230
Accrued liabilities    ..........................................       491,622
Deferred revenue    .............................................        15,000
Note payable    .................................................       242,108
Note payable to shareholder    ..................................        26,104
Accrued interest payable    .....................................        16,499
                                                                    -----------

Total current liabilities    ....................................       944,563
                                                                    -----------

SHAREHOLDERS' DEFICIT
Common stock, par value $.001, 200,000,000
      shares authorized, 52,416,000 shares issued
      and outstanding ...........................................        52,416
Paid-in capital .................................................       827,764
Deferred warrant-based compensation .............................       130,000
Accumulated deficit .............................................    (1,376,272)
                                                                    -----------

Total shareholders' deficit .....................................      (366,092)
                                                                    -----------

TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT .....................   $   578,471
                                                                    ===========
    The accompanying notes are an integral part of these financial statements.

<PAGE>
                           THE PROJECT GROUP, INC.
                       CONSOLIDATED STATEMENTS OF OPERATIONS
                 NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
                                 (UNAUDITED)




                                                           2003            2002
                                                   ------------    ------------

CONSULTING REVENUE                                 $  1,431,784    $  1,081,661

COST OF CONSULTING REVENUE                              520,148         446,007
                                                   ------------    ------------

GROSS PROFIT                                            911,636         635,654
                                                   ------------    ------------

GENERAL AND ADMINISTRATIVE
General and administrative, other                       190,679          87,329
Salaries and benefits                                   787,222         652,270
Professional and consulting fees                        240,914         117,123
Bad debt expense                                         65,000          64,875
Travel and entertainment                                128,182          67,391
                                                   ------------    ------------

Total general and administrative                      1,411,997         988,988
                                                   ------------    ------------

Loss from operations                                   (500,361)       (353,334)

OTHER INCOME (EXPENSE)
Interest expense                                       (139,776)        (96,810)
Interest income                                            --             9,494
Recovery of receivables previously written off             --            20,929
                                                   ------------    ------------


Loss before income taxes                               (640,137)       (419,721)

INCOME TAX PROVISION                                       --              --
                                                   ------------    ------------

Net loss                                           $   (640,137)   $   (419,721)
                                                   ============    ============

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

Basic weighted average shares outstanding            45,111,875      40,817,930
                                                   ============    ============

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


<PAGE>

                            THE PROJECT GROUP, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                 THREE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
                                  (UNAUDITED)

-----------------------------------------------------------------------------
                                                         2003            2002
                                                 ------------    ------------

CONSULTING REVENUE                               $    369,272    $    368,374

COST OF CONSULTING REVENUE                            122,211         127,430
                                                 ------------    ------------

GROSS PROFIT                                          247,061         240,944
                                                 ------------    ------------

GENERAL AND ADMINISTRATIVE
General and administrative, other                      78,254          33,247
Salaries and benefits                                 294,471         274,870
Professional and consulting fees                      158,179          37,441
Bad debt expense                                       52,000            --
Travel and entertainment                               47,387          22,798
                                                 ------------    ------------

Total general and administrative                      630,291         368,356
                                                 ------------    ------------

Loss from operations                                 (383,230)       (127,412)

OTHER INCOME (EXPENSE)
Interest expense                                      (42,006)        (29,092)
Interest income                                          --             4,125
Recovery of receivables previously written off           --            20,929
                                                 ------------    ------------


Loss before income taxes                             (425,236)       (131,450)

INCOME TAX PROVISION                                     --              --
                                                 ------------    ------------

Net loss                                         $   (425,236)   $   (131,450)
                                                 ============    ============

Basic and diluted loss per share                 $      (0.01)   $      (0.00)
                                                 ============    ============

Basic weighted average shares outstanding          50,347,522      43,684,010
                                                 ============    ============

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


<PAGE>
                            THE PROJECT GROUP, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                  NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
                                  (UNAUDITED)
<TABLE>
<CAPTION>

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

                                                                    2003           2002
                                                             -----------    -----------
<S>                                                               <C>           <C>
 OPERATING ACTIVITIES
    Net loss                                                 $  (640,137)   $  (419,721)
    Adjustments to reconcile net loss to net cash used
    in operating activities:
    Depreciation and amortization                                 16,185          8,989
    Stock issued for services                                    124,150
    (Increase) decrease in assets:
    Accounts receivable                                          130,078       (201,465)
    Unbilled receivable                                            8,067         34,397
    Note receivable                                                 --           42,200
    Prepaid expense and other current assets                      17,404           (455)
    Accounts payable and deferred revenue                        (51,150)        54,456
    Accrued liabilities and deferred tax liability               327,652        186,924
                                                             -----------    -----------

Net cash used in operating activities                            (67,751)      (294,675)
                                                             -----------    -----------

 INVESTING ACTIVITIES
    Purchase of fixed assets                                     (13,048)       (60,135)
                                                             -----------    -----------

Net cash used in investing activities                            (13,048)       (60,135)
                                                             -----------    -----------

FINANCING ACTIVITIES
    Payment of notes payable to shareholder                       (8,903)      (822,182)
    Cost of raising capital                                         --           (8,126)
    Proceeds from issuance of common stock                          --           44,500
    Proceeds from exercise of warrants                           210,000           --
    Net proceeds (payments) from issuance of notes payable      (117,155)     1,051,648
    Stock subscriptions received                                    --           14,061
                                                             -----------    -----------

Net cash provided by financing activities                         83,942        279,901
                                                             -----------    -----------

INCREASE (DECREASE) IN CASH                                        3,143        (74,909)
CASH AT BEGINNING OF PERIOD                                         --           77,640
                                                             -----------    -----------
CASH AT END OF PERIOD                                        $     3,143    $     2,731
                                                             ===========    ===========

SUPPLEMENTAL INFORMATION
    Interest paid                                            $   124,374    $    78,682
                                                             ===========    ===========
    Common stock issued for compensation and services        $   426,900    $   127,813
                                                             ===========    ===========
    Reduction in subscriptions receivable                    $     2,609    $     3,842
                                                             ===========    ===========
    Common stock subscribed                                  $      --      $     2,812
                                                             ===========    ===========
    Conversion of note payable to common stock               $    98,000    $      --
                                                             ===========    ===========
</TABLE>
    The accompanying notes are an integral part of these financial statements.


<PAGE>
                               THE PROJECT GROUP, INC.
                        NOTES TO THE FINANCIAL STATEMENTS
                                    UNAUDITED


NOTE 1 - BUSINESS COMBINATION

During March 2003 Global Boulevard International, Inc. ("Global") acquired
substantially all of the issued and outstanding common shares of Pro Squared,
Inc. ("Pro Squared") from its shareholders in a reverse merger. As consideration
for the Pro Squared common shares, Global issued and exchanged 49,720,500 shares
of its common stock for Pro Squared common stock. The historical financial
statements prior to the merger herein presented are those of Pro Squared. In May
2003, the directors effected a one-for-two and a half (1:2.5) reverse stock
split of its common stock, and in October 2003 a two-for-one (2:1) stock split.

The name of Global was changed to The Project Group, Inc. ("The Project Group").


NOTE 2  - BASIS OF PRESENTATION

The accompanying unaudited financial statements of The Project Group, Inc. ("the
Company") have been prepared in accordance with accounting principles generally
accepted in the United States of America for interim financial information and
with the instructions to Form 10-QSB and Item 310(b) of Regulation S-B. They do
not include all of the information and footnotes required by accounting
principles generally accepted in the United States of America for complete
financial statements. In the opinion of management, all adjustments, consisting
only of normal recurring adjustments, considered necessary for a fair
presentation, have been included in the accompanying unaudited financial
statements. Operating results for the periods presented are not necessarily
indicative of the results that may be expected for the full year.

These financial statements should be read in conjunction with the financial
statements and footnotes of Pro Squared and Global on Form 10-KSB for the year
ended December 31, 2002.


NOTE 3  - GOING CONCERN

The Project Group's financial statements are prepared using generally accepted
accounting principles applicable to a going concern, which contemplates the
realization of assets and liquidation of liabilities in the normal course of
business. However, The Project Group has suffered recurring losses from
operations and is experiencing cash flow problems. This raises questions as to
the ability to expand, as its customers require additional service or to attain
profitable operations. The company is pursuing a strategy to raise sufficient
capital through loans and/or private securities offerings.


<PAGE>

NOTE 4 - DEFERRED INCOME TAXES

No federal income taxes have been paid since the inception of the Company. The
net deferred tax assets that would result from use of net operating loss
carryforwards has been fully reserved for in the financial statements.


NOTE 5  - RECLASSIFICATIONS

Certain reclassifications were made to previously reported amounts in the
accompanying financial statements and notes to make them consistent with the
current year presentation format.


NOTE 6 - NOTES PAYABLE TO SHAREHOLDER

On May 28, 2003, the Company approved a resolution modifying the terms of a note
payable issued to a shareholder on December 31, 2002. The warrants issued were
decreased to reflect an exercise price of $0.11 per share for the purchase of
1,000,000 pre-split shares of the Company's stock. On May 28, 2003, the Company
calculated the fair market value of the warrants using the Black-Scholes option
pricing model and determined that the fair market value was not material.

On June 6, 2003, a $48,000 shareholder note payable was converted to shares of
common stock at $0.05 per share. On June 16, 2003, a shareholder exercised
warrants to purchase 200,000 pre-split shares at $0.11 per share.

On July 8, 2003, a $50,000 shareholder note payable was converted to shares of
common stock at $0.05 per share. On September 8, 2003, a shareholder exercised
warrants to purchase 400,000 pre-split shares at $0.28 per share.


NOTE 7 - EQUITY TRANSACTIONS

During the third quarter 2003, warrants to purchase 6,000,000 post-split shares
and 1,440,000 post-split shares of common stock were issued to employees and
consultants for compensation and services. The Company calculated the fair
market value of the warrants using the Black-Scholes option pricing model. The
Company is amortizing the deferred warrant-based compensation expense over the
service period of the consulting agreements.

During August 2003, a shareholder exercised warrants to purchase 1,600,000
post-split shares of common stock for $88,000. During September 2003, a
consultant exercised warrants to purchase 800,000 post-split shares for
$100,000.

NOTE 8- SUBSEQUENT EVENT

During October 2003, warrants to purchase 800,000 post-split shares of
common stock were exercised for $100,000.

<PAGE>

Item  2.  Management's  Discussion  and  Analysis

During  March  2003  Global  Boulevard  International,  Inc. ("Global") acquired
substantially  all  of  the issued and outstanding common shares of Pro Squared,
Inc.  ("Pro  Squared") from its shareholders in a reverse merger. The historical
financial  statements  prior  to  the  merger  herein presented are those of Pro
Squared.  In  May  2003, the directors effected a one-for-two and a half (1:2.5)
reverse stock split of its common stock, and in October 2003 a two-for-one (2:1)
stock  split.  The  name  of Global was changed to The Project Group, Inc. ("The
Project  Group").

The  following  discussion  is  intended to provide an analysis of our financial
condition  and  should  be  read in conjunction with our financial statements at
September  30, 2003 included herein and our financial statements at December 31,
2002  included  in  Form  10-KSB and the notes thereto. The matters discussed in
this section that are not historical or current facts deal with potential future
circumstances and developments. Such forward-looking statements include, but are
not  limited  to, the development plans for our growth, trends in the results of
our  development,  anticipated  development  plans,  operating  expenses and our
anticipated capital requirements and capital resources. Our actual results could
differ  materially from the results discussed in the forward-looking statements.

Liquidity  and  capital  resources

To  date we have raised funds through the issuance of shares of our common stock
and  have increased liquidity through sales of accounts receivable. The funds we
have  raised  to  date  have  been  applied  towards  our  corporate legal fees,
accounting  fees,  lease  payments  and  our  general  day-to-day  operations.

As  of  September  30,  2003,  we had cash available of $3,143 and total current
assets  of  $536,111.  At  that  same  date, we had total current liabilities of
$944,563  with total liabilities and shareholders' deficit of $578,471. In order
for  us  to significantly increase our current operating levels, we anticipate a
need  for  additional  funding. We can give no assurance that we will be able to
maintain  or expand our current operating levels. We may seek additional capital
through an offering of our equity securities, an offering of debt securities, or
by obtaining financing through a bank or other entity. We have not established a
limit  as  to the amount of debt we may incur and we have not adopted a ratio of
our  equity  to a debt allowance. If we need to obtain additional financing, the
financing may not be available from any source, or may not be available on terms
acceptable  to  us.

The  Company  is  not  aware of any material trend, event or capital commitment,
which  would  potentially  adversely  affect  liquidity.

In  June 2003, a shareholder converted notes payable in the amount of $48,000 to
common  stock  and  exercised  warrants to purchase 400,000 post-split shares of
common  stock  for  $22,000.

During  the third quarter 2003, warrants to purchase 6,000,000 post-split shares
and  1,440,000  post-split  shares  of common stock were issued to employees and
consultants  for  compensation  and  services. During August 2003, a shareholder
exercised  warrants  to purchase 1,600,000 post-split shares of common stock for
$88,000.  During  September  2003  a  consultant  exercised warrants to purchase
800,000  post-split  shares  for  $100,000.  In  September  2003,  a shareholder
converted  a  $50,000  note  payable  into 1,000,000 post-split shares of common
stock.

During  October  2003,  warrants to purchase 800,000 post-split shares of common
stock  were  exercised  for  $100,000.


<PAGE>

RESULTS  OF  OPERATIONS  NINE  MONTHS  ENDED  SEPTEMBER  30,  2003

The  company has seen an increase in sales for the first nine months of 2003, to
the  highest  revenue  experience  in  our  short  history.  Consulting  revenue
increased  by approximately $350,000 for the first nine months of 2003, from the
comparable  period  in 2002, to a total of $1,431,000. New customers, additional
work  for  existing customers, and higher rates per hour for consulting services
were  the  primary  causes  for  the  increase.

Cost  of consulting revenue, as a percentage of consulting revenue, decreased by
4.9%  for  the  first  nine  months of fiscal year 2003, compared to the similar
ratio  for  2002,  primarily due to increased hourly rates for client consulting
service  without  a  corresponding  increase  in  our  labor  costs.

General  and  Administrative

Total  General  and Administrative costs increased by approximately $423,000 for
the  first  nine  months of 2003 to a total of $1,412,000 compared with $989,000
for  the  same  period  in  2002.

Salaries  and  benefits  increased  by approximately $135,000 for the first nine
months  of fiscal year 2003, compared with same period 2002. The primary factors
include  costs  associated with a new sales director in the first nine months of
2003  that  is not in the same period of 2002, and additional personnel employed
for  increased  business  development activities and technical support that were
added  later in fiscal 2002 and in 2003. These increases are partially offset by
increased  utilization  of  personnel  on  customer  projects.

Professional  and  consulting  fees  increased  by approximately $123,000 in the
first  nine  months  of  2003  compared to the same period in 2002. The increase
reflects  costs  associated  with  the  reverse  acquisition of Global Boulevard
International,  Inc  and increased use of consultants for investor relations and
business  planning. The increased costs were financed primarily through non-cash
issuance  of  common  stock  and  warrants.


<PAGE>

General  and administrative travel increased approximately $60,000 for the first
nine  months  of  2003,  compared  with  the same period in 2002. This primarily
reflected  the  hiring  of additional sales personnel based in Dallas, Texas and
Seattle,  Washington  and related travel costs, plus costs associated with other
business development.

General and administrative, other increased approximately $103,000 for the first
nine  months  of  2003  compared to the same period in 2002. This reflects costs
associated  with  additional  administrative  personnel  during 2003 (telephone,
insurance,  supplies,  other), printing and depreciation expense on assets added
during  the  latter  part  of  2002.

Interest  Expense  increased from approximately $97,000 in the first nine months
of  2002,  to approximately $140,000 in the first nine months of 2003. Increased
use  of  the  factoring  agreement  to  finance larger receivables and increased
interest  rates  resulted  in  increased  interest  costs.


RESULTS  OF  OPERATIONS  THREE  MONTHS  ENDED  SEPTEMBER  30,  2003

The  company has seen an increase in sales during the first nine months of 2003.
Revenues  averaged  approximately  $123,000  per  month during the third quarter
2003,  approximately  the  same as the comparable quarter in 2002 but lower than
previous  2003 quarters, reflecting delays by customers awaiting the newest 2003
version  of  Microsoft  Project.

<PAGE>

Cost  of consulting revenue, as a percentage of consulting revenue, decreased by
1.5%  for  the  third quarter of fiscal year 2003, compared to the similar ratio
for  2002, primarily due to increased hourly rates for client consulting service
without  a  corresponding  increase  in  our  labor  costs.

General  and  Administrative

Total  General  and Administrative costs increased by approximately $262,000 for
the  third quarter of 2003 to a total of $630,000 compared with $368,000 for the
same  period  in  2002.

Salaries  and benefits increased by approximately $20,000 for the second quarter
of fiscal year 2003, compared with same period 2002. The primary factors include
costs  associated  with  a  new  sales director in 2003 that are not in the same
period  of  2002,  and  additional  personnel  employed  for  increased business
development  activities  and  technical  support that were added later in fiscal
2002  and  stock  awards  to  key  employees, offset by increased utilization of
personnel  on  customer  projects.

Professional  and  consulting  fees increased by approximately $120,000 in third
quarter  2003  compared  to  third  quarter  2002.  The  increase reflects costs
associated with increased use of consultants for investor relations and business
planning.  The increased costs were financed primarily through non-cash issuance
of  common  stock  and  warrants.


General  and administrative travel increased approximately $25,000 for the third
quarter  of 2003, compared with the third quarter 2002. This primarily reflected
the  hiring  of  additional sales personnel based in Dallas, Texas, and Seattle,
Washington,  and  related  travel,  plus  costs  associated  with other business
development.

General  and administrative, other increased approximately $45,000 for the third
quarter  of  2003  compared  to  the  same  period  in 2002. This reflects costs
associated  with  additional  administrative  personnel  during 2003 (telephone,
insurance,  supplies,  other), printing and depreciation expense on assets added
during  the  latter  part  of  2002.

<PAGE>
CONTROLS  AND  PROCEDURES

     (a)  Evaluation  of  Disclosure  Controls  and  Procedures.
             ------------------------------------------------

Within  the  90  days  prior  to the date of the Quarterly Report for the period
ended  September  30,  2003, we carried out an evaluation, under the supervision
and  with  the participation of our management, including the company's Chairman
and  Chief  Executive  Officer  and  the  Principal  Financial  Officer,  of the
effectiveness  of  the  design  and  operation  of  our  disclosure controls and
procedures  pursuant  to  Rule 3a-14 of the Securities Exchange Act of 1934 (the
"Exchange Act"), which disclosure controls and procedures are designed to insure
that  information  required  to  be disclosed by a company in the report that it
files  under  the  Exchange  Act  is recorded, processed summarized and reported
within  required time periods specified by the SEC's rules and forms. Based upon
that evaluation, the Chairman and the Principal Financial Officer concluded that
our  disclosure controls and procedures are effective in timely alerting them to
material  information  relating  to  the  company  (including  our  consolidated
subsidiaries)  required  to  be  included  in  the company's period SEC filings.

     (b)  Changes  in  Internal  Control.
          -------------------------------

Subsequent  to  the  date  of  such  evaluation as described in subparagraph (a)
above,  there  were  no  significant  changes  in our internal controls or other
factors that could significantly affect these controls, including any corrective
action  with  regard  to  significant  deficiencies  and  material  weaknesses.



<PAGE>

                           PART II - OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

In  April 2003, the Company was named as a defendant in a civil action initiated
In  the  53rd  Judicial  District  of Travis County, Texas brought by Collective
Technologies,  LLC  successor  in  interest to Collective Technologies, Inc. The
complaint  names  several  defendants  including  The Project Group, The Project
Group,  Inc.,  www.projectgroup.com  and  Pro  Squared. The complaint concerns a
collection  suit brought by Collective Technologies claiming that the Company is
obligated  to  repay  a  debt  owed  by  Mediatrain. The Company has never had a
business  relationship  with Collective and in the opinion of management and its
litigation  counsel,  the  suit  has  no  basis. The claim is for an unspecified
amount including actual damages, punitive damages, interest, and attorney`s
fees.


ITEM  2.  CHANGE  IN  SECURITIES

For the third quarter ended September 30, 2003 the Company did not issue any
unregistered shares of its common stock.


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

Not Applicable.

ITEM  5.  OTHER INFORMATION


ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K.


       a. Exhibits

     31.1 Certification  by the Chief Financial Officer and Principal Accounting
          Officer  pursuant  to  Section  302  of the Sarbanes-Oxley Act of 2002

     32.1 Certification of Principal Executive Officer and Principal Accounting
          Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

       b. For the third quarter ended September 30, 2003, we did not file a
          Current Report on Form 8-K.


<PAGE>


                                   SIGNATURES
                                   ----------


     In accordance with the requirements of the Exchange Act, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly  authorized.


                                     THE PROJECT GROUP, INC.

Dated: November 18, 2003
                                     By: /s/ Craig Crawford
                                         ------------------------
                                   Name:  Craig Crawford
                                  Title:  President, Director
                                          Principal Executive Officer and
                                          Principal  Accounting Officer



<PAGE>