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

				        FORM 10-QSB

	(Mark One)
	[x] QUARTERLY REPORT UNDER SECTION 13 OF 15(d)OF THE SECURITIES
	EXCHANGE ACT OF 1934

	For the quarterly period ended June 30, 2005

	[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

	For the transition period from __________ to _________


				Platina Energy Group Inc.
		____________________________________________________________
	   		(Name of Small Business Issuer in its charter)

					Delaware
		____________________________________________________________
	     (State or other jurisdiction of incorporation or organization)

				   84-1080043IRS
		____________________________________________________________
				(Employer Identification No.)

			      200 W. 17th Street, Suite 240
				Cheyenne, Wyoming 82001
		____________________________________________________________
			(Address of principal executive offices)

				    (307)  637-3900
		____________________________________________________________
				(Issuer's telephone number)

		____________________________________________________________
	(Former name, former address, and former fiscal year, if changed since last
	report)

	Indicate by check mark whether the Issuer (1) has filed all reports required
	to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
	during the preceding 12 months (or for such shorter periods 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 [ ]

			APPLICABLE ONLY TO CORPORATE ISSUERS

	Indicate the number of shares outstanding of each of the issuer's classes
	of common stock, as of the latest practical date:

	Common Stock, $.001 Par Value, 17,504,731 shares as of August 15, 2005.



					(1)




<page>


				Platina Energy Group INC.
		(Formerly Federal Security Protection Services, Inc.)


TABLE OF CONTENTS

Page PART I--FINANCIAL INFORMATION
Item 1.  Financial Statements------------------------------------------ 3
Consolidated Balance Sheet--------------------------------------------- 3
Consolidated Statement of Operations----------------------------------- 5
Consolidated Statements of Cash Flows---------------------------------- 6
Notes to Financial Statements------------------------------------------ 8
Item 2.  Management's Discussion and Analysis or Plan of Operation----- 15
PART II  OTHER INFORMATION--------------------------------------------- 17
Item	1.  Legal Proceedings------------------------------------------ 17
Item	2.  Unregistered Sales of Equity Securities & Use of Proceeds-- 17
Item	3.  Defaults Upon Senior Securities---------------------------- 17
Item	4.  Submission of Matters to a Vote of Security Holders-------- 17
Item	5.  Other Information------------------------------------------ 17
Item	6.  Exhibits and Reports--------------------------------------- 17
Signatures------------------------------------------------------------- 18
Exhibit 31------------------------------------------------------------- 19
Exhibit 32------------------------------------------------------------- 20





					(2)


<page>


PART I--FINANCIAL INFORMATION

Item	1.  Financial Statements.


<TABLE>
PLATINA ENERGY GROUP INC.
(Formerly Federal Security Protection Services, Inc.)
CONSOLIDATED BALANCE SHEET
<CAPTION>

								June 30
								--------
								2005
								(Unaudited)

<S>    								<C>

Assets

Current Assets
Cash and cash equivalents				$	48,511

	Total Current Assets					48,511


Property and equipment
	Equipment						56,764
	Less Accumulated depreciation				(1,352)




Other assets
	Intangible assets not subject to amortization
		Licensing rights				640,000

								640,000

Total assets						$	743,923


</TABLE>
					- unaudited -

			See accompanying notes to financial statements

					(3)

<page>

<TABLE>
PLATINA ENERGY GROUP INC.
(Formerly Federal Security Protection Services, Inc.)
CONSOLIDATED BALANCE SHEET - Continued
<CAPTION>

								June 30
								--------
								2005
								(Unaudited)

<S>    								<C>

Liabilities and Stockholders' (Deficit)


Current liabilities
	Accounts payable				$	60,779
	Accrued payroll and taxes				20,124
	Accrued compensation					208,534
	Accrued interest - licensing note			3,004
	Note payable - related party				111,330
	Notes payable - other					145,667

Total current liabilities					549,438


Long-Term Debt
	Note payable - licensing rights				214,963


Commitments and Contingencies


Stockholders' (deficit)
	Preferred stock, par value of $.001, 20,000,000
	 shares authorized; 70,000 shares designated
	 Series A, no shares issued and outstanding at
	 June 30, 2005. Aggregate liquidation value
	 preference of $100,000 at June 30, 2005. One share
	 of Series A preferred is convertable into ten shares
	 of common stock.
	Preferred stock, par value $.001, 100,000 shares
	 designated Series B, 20,000 shares issued and
	 outstanding at June 30, 2005. Aggregate
	 liquidation value preference of $2,000,000 at
	 June 30, 2005.						20
	Preferred stock, par value $.001, 10,000 shares
	 designated Series C, and no shares issued and
	 outstanding at June 30, 2005. Aggregate
	 liquidation preference of $380,000 at
	 June 30, 2005.
	Common stock, $.001 par value, 100,000,000 shares
	 authorized.  17,154,731 issued and outstanding.	17,155
	Additional Paid in capital				6,070,371
	Accumulated deficit					(6,108,024)

Total stockholders' (deficit)					(20,478)

Total liabilities and stockholders' (deficit)		$	743,923

</TABLE>

					- unaudited -

			See accompanying notes to financial statements



					(4)

<page>

<TABLE>
PLATINA ENERGY GROUP INC.
(Formerly Federal Security Protection Services, Inc.)
CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended June 30, 2004 and 2005
<CAPTION>

								June 30		June 30
								-------------------------
								2004		2005
								Unaudited	Unaudited

<S>    								<C>    		<C>

Net Revenue 		 				$	- 	 $	4,900

Operating Expenses
	 Testing costs associated with Thermal Pump 		 - 		45,929
	General and administrative expenses		 	59,470 		174,632
			 					59,470 		220,561

 Loss from Operations						(59,470)	(215,661)

 Other Income (Expense)
	 Interest expense 		 		$	(5,188)	$	(11,121)

 Other Income (Expense) 		 			(64,658)	(226,782)


 Per Share Data
	 Basic loss per share 	 			$	(0.01)	$	(0.02)

	 Weighted average common
	     shares outstanding 		 		8,475,211	14,458,852



</TABLE>

					- Unaudited -

			See accompanying notes to financial statements

					(5)

<page>



<TABLE>
PLATINA ENERGY GROUP INC.
(Formerly Federal Security Protection Services, Inc.)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Three Months Ended June 30, 2004 and 2005
<CAPTION>

								June 30		June 30
								-------------------------
								2004		2005
								Unaudited	Unaudited

<S>    								<C>    		<C>


Cash Flows from Operating Activities
  Net Loss						$	(64,658) $	(226,782)
    Adjustments to reconcile net loss to net cash
	used in operating activities:
	 Depreciation expense					124		1,352
	 Common stock issued for services			-		22,000
	 Changes in liabilities
	  Increase (decrease) in accounts payable		(1,524)		52,978
	  Increase accrued in payroll taxes			-		20,124
	  Increase in accrued compensation due related parties	54,000		40,534
	  Increase in accrued interest on licensing note	-		3,004
	  Increase in short term borrowings			5,188		7,988

	  Net cash used in operating activities			(6,870)		(78,802)


Cash Flows from Investing Activities
	cash advance for licensing purchase			-		(10,000)
	Purchase of equipment					-		(56,764)

		Net cash used in investing activities		-		(66,764)


Cash Flows from Financing Activities
	Proceeds from sale of common stock			-		160,000
	Advances from related parties				2,000		10,000
	Repayment related party advances			(2,500)		-

		Net cash provided by financing activities	(500)		170,000


Net Increase (Decrease) in Cash and Cash Equivalents		(7,370)		24,434

Cash and Cash Equivalents - Beginning of Period			8.011		24,077

Cash and Cash Equivalents - End of Period		$	641	 $	48,511


</TABLE>

					- Unaudited -

			See accompanying notes to financial statements

					(6)

<page>



<TABLE>
PLATINA ENERGY GROUP INC.
(Formerly Federal Security Protection Services, Inc.)
CONSOLIDATED STATEMENTS OF CASH FLOWS - Continued
Three Months Ended June 30, 2004 and 2005
<CAPTION>

								June 30		June 30
								-------------------------
								2004		2005
		              					Unaudited	Unaudited

<S>    								<C>    		<C>

Supplemental Disclosures of Cash Flow Information

	Cash Paid For:

		Interest Expense			$	-	$	-

		Income Taxes				$	-	$	-

</TABLE>


Non-Cash Financing and Investing Information:

	On April 6, 2005, the Company completed its purchase of rights and licenses
	from Permian Energy Services LP in connection with the marketing of a certain
	pump in the oil and gas industry.  In consideration for the assets purchased,
	the Company agreed to issue 2,250,000 shares of its common stock and pay
	$250,000 evidenced by a promissory note.  The Company valued the intangible
	assets purchased at $640,000, which consists of $250,000 plus the value of
	the 2,250,000 shares issued at May 19, 2005 and the 750,000 shares issued to
	the consultant as discussed below.

	On May 4, 2005, the Company issued a consultant 750,000 in connection with
	the above-indicated asset purchase.  The shares were valued at $97,500,
	which was included in the value assigned to the intangible assets purchased.

	On May 30, 2005, a note holder converted $10,070 of indebtedness due him by
	the Company into 53,000 shares of the Company's common stock.

	On June 23, 2005, a preferred stockholder converted 10,000 shares of Series A
	preferred stock into 100,000 shares of the Company's common stock.

	On June 23, 2005, a preferred stockholder converted 3,800 shares of Series C
	preferred stock into 380,000 shares of the Company's common stock.


					- Unaudited -

			See accompanying notes to financial statements



					(7)

<page>

PLATINA ENERGY GROUP INC.
(Formerly Federal Security Protection Services, Inc.)
NOTES TO FINANCIAL STATEMENTS


NOTE 1.  Basis of Presentation and Organization

Organization and business

Platina Energy Group, Inc. ("the Company"), a Delaware Corporation, was
incorporated on January 19, 1988 as Windom, Inc.  After several failed
business attempts, the Company changed its name to Federal Security
Protection Services, Inc. on March 12, 2002 and acquired Iris Broadband, Inc.
on September 6, 2002, allowing the Company to become a full-service managed
security services company and a secure Internet Protocol ("IP") network
services provider.  The Company reversed its merger with Iris Broadband, Inc.
in 2003, and, as a result, discontinued business operations. On June 15, 2005,
the Company changed its name to Platina Energy Group Inc.

On March 30, 2005, the Company formed Permian Energy International, a Nevada
Corporation ("Permian Energy") and acquired all of its outstanding common
stock. On April 6, 2005, the Company completed its purchase of rights and
licenses from Permian Energy Services LP in connection with the marketing of
a certain proprietary thermal pulsing pump in the oil and gas industry.  The
assets acquired from the LP were transferred into Permian Energy
International. (See Note 9 - Subsequent Events)

Basis of Presentation

The Company's financial statements are prepared using the accrual method of
accounting in accordance with accounting principles generally accepted in the
United States of America and have been prepared on a going concern basis,
which contemplates the realization of assets and the settlement of liabilities
in the normal course of business. The Company has sustained operating losses
since its inception (January 19, 1988).  In addition, the Company has used
substantial amounts of working capital in its operations.  At June 30, 2005,
current liabilities exceeded current assets by approximately $500,000, and the
Company has a net deficit since its inception amounting to approximately
$6,108,000.

In view of these matters, the continuation of its operations is dependent on
funds advanced by its management and the raising of capital through the sale
of its equity instruments or issuance of debentures. Management believes that
the marketing of a proprietary thermal pulsing pump will be successful and
should generate sufficient revenue to fund the Company's future operations, no
assurances can be made that the marketing of the pump will be successful or
that the Company will be able to raise capital through other sources enabling
it to continue funding operations.  These financial statements do not include
any adjustments relating to the recoverability and classification of recorded
assets or liabilities that might be necessary should the Company be unable to
continue as a going concern.


					(8)

<page>



NOTE 2.  Summary of Significant Accounting Policies

Interim Financial Statements

The unaudited financial statements have been prepared by the Company, pursuant
to the rules and regulations of the Securities and Exchange Commission. The
information furnished herein reflects all adjustments (consisting of normal
recurring accruals and adjustments) which are, in the opinion of management,
necessary to fairly present the operating results for the respective periods
presented. Certain information and footnote disclosures normally present in
annual financial statements prepared in accordance with accounting principles
generally accepted in the United States of America have been omitted pursuant
to such rules and regulations. These financial statements should be read in
conjunction with the audited financial statements and footnotes for the year
ended March 31, 2005 included in the Company's Annual Report on Form 10-KSB.
The results for the three months ended June 30, 2005 are not necessarily
indicative of the results to be expected for the full year ending March 31,
2006.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the
Platina Energy Group Inc. and its wholly owned subsidiary, Permian Energy
International. Intercompany transactions and balances have been eliminated
in consolidation.

Use of Estimates

The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported amounts
of assets and liabilities, 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. Accordingly, actual results could differ
from those estimates.

Cash Equivalents

For purposes of the statements of cash flows, the Company considers cash
equivalents to include highly liquid investments with original maturities of
three months or less.

Property and equipment

Property and equipment are stated at cost.  Major renewals and improvements
are charged to the asset accounts while replacements, maintenance, and
repairs that do not improve or extend the lives of the respective assets are
expensed.  At the time property and equipment are retired or otherwise
disposed of, the asset and related accumulated depreciation accounts are
relieved of the applicable amounts.  Gains or losses from retirements or
sales are credited or charged to income.

Equipment consisted of the Company's thermal pump which was acquired in
2005, computer and phone equipment, all recorded at cost, which were
depreciated over their estimated useful lives using the straight-line method.
Depreciation expense for the three months ended June 30, 2005 and 2004
amounted to $1,352 and $124, respectively.

Long-Lived Assets

The Company accounts for its long-lived assets in accordance with SFAS No.
144, "Accounting for the Impairment or Disposal of Long-Lived Assets."  SFAS
No. 144 requires that long-lived assets be reviewed for impairment whenever
events or changes in circumstances indicate that the historical cost carrying
value of an asset may no longer be appropriate.  The Company assesses
recoverability of the carrying value of an asset by estimating the future net
cash flows expected to result from the asset, including eventual disposition.
If the future net cash flows are less than the carrying value of the asset, an
impairment loss is recorded equal to the difference between the asset's
carrying value and fair value or disposable value. As of June 30, 2005, the
Company did not deem any of its long-term assets to be impaired.

Income taxes

The Company accounts for income taxes under the provisions of SFAS No. 109,
"Accounting for Income Taxes."  Under SFAS No. 109, deferred tax assets and
liabilities are recognized for future tax benefits or consequences
attributable to temporary differences between the financial statement carrying
amounts of existing assets and liabilities and their respective tax bases.
Deferred tax assets and liabilities are measured using enacted tax rates
expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled.  A valuation allowance
is provided for significant deferred tax assets when it is more likely than
not that such assets will not be realized through future operations.

The Company has total net operating loss carryforwards at June 30, 2005 of
approximately $6,108,000 for federal income tax purposes.  These net operating
losses have generated a deferred tax asset of approximately $1,970,000, in
which a valuation allowance equaling the total tax benefit has been provided
due to the uncertain nature of it being realized. Net operating loss
carryforwards expire in various years through March 31, 2025 for federal tax
purposes.


					(9)

<page>


Net Loss per Share

The Company adopted the provisions of SFAS No. 128, "Earnings Per Share"
("EPS").  SFAS No. 128 provides for the calculation of basic and diluted
earnings per share.   Basic EPS includes no dilution and is computed by
dividing income or loss available to common shareholders by the weighted
average number of common shares outstanding for the period.  Diluted EPS
reflects the potential dilution of securities that could share in the earnings
or losses of the entity.  For the three months ended June 30, 2005 and 2004,
basic and diluted loss per share are the same, since the calculation of
diluted per share amounts would result in an anti-dilutive calculation that is
not permitted and therefore not included. If such shares were included in
diluted EPS, they would have resulted in weighted-average common shares of
21,658,577 and 20,683,852 in 2005 and 2004, respectively.  Such amounts
include common shares potentially issuable from outstanding options and
warrants to purchase shares of common stock.

Fair Value of Financial Instruments

The Company's financial instruments consist of cash and cash equivalents,
accounts payable, accrued expenses, and notes payable.  Pursuant to SFAS
No. 107, "Disclosures About Fair Value of Financial Instruments," the Company
is required to estimate the fair value of all financial instruments at the
balance sheet date.  The Company considers the carrying values of its
financial instruments in the financial statements to approximate their fair
values.

Recent Accounting Pronouncements

In December 2003, the Financial Accounting Standards Board ("FASB") issued FASB
Interpretation No. ("FIN") 46R, "Consolidation of Variable Interest Entities."
This statement requires that the assets, liabilities and results of the
activities of variable interest entities be consolidated into the financial
statements of the company that has a controlling financial interest.  It also
provides the framework for determining whether an entity should be
consolidated based on voting interest or significant financial support
provided to it.  In general, for all entities that were previously considered
special purpose entities, FIN 46R should be applied in periods ending after
December 15, 2003.  Otherwise, FIN 46R is applicable to all public entities
for periods ending after March 15, 2004.  The adoption of FIN 46R did not
have a material impact on the Company's financial condition or results of
operations.

In December 2004, the FASB issued SFAS No. 153, "Exchanges of Non-Monetary
Assets, an amendment of APB Opinion 29, Accounting for Non-Monetary
Transactions."  The amendments made by SFAS No. 153 are based on the principle
that exchanges of non-monetary assets should be measured based on the fair
value of the assets exchanged.  Further, the amendments eliminate the narrow
exception for non-monetary exchanges of similar productive assets and replace
it with a broader exception for exchanges of non-monetary assets that do not
have "commercial substance."  The provisions in SFAS No. 153 are effective for
non-monetary asset exchanges occurring in fiscal periods beginning after June
15, 2005.  Early application is permitted and companies must apply the
standard prospectively.  The Company adopted this statement on January 1,
2005.  The adoption of the statement did result in a significant change in the
current manner in which the Company accounts for its exchanges of non-monetary
assets.

The FASB has issued SFAS No. 123R, "Share-Based Payment."  The new rule
requires that the compensation cost relating to share-based payment
transactions be recognized in the financial statements.  That cost will be
measured based on the fair value of the equity or liability instruments
issued.  This statement precludes the recognition of compensation expense
under APB Opinion No. 25's intrinsic value method.  Public entities will be
required to apply Statement 123R in the first annual reporting period that
begins after June 15, 2005.  Since the Company has been accounting for its
share-based compensation under SFAS No. 123, management believes SFAS No. 123R
should not have a significant impact on the way it accounts for its stock-
based compensation.


					(10)

<page>


NOTE 3. Acquisition of Licensing Rights

On April 6, 2005, the Company completed its purchase of certain rights and
licenses from Permian Energy Services LP in connection with the marketing of
a certain pump in the oil and gas industry. In consideration for the assets
purchased, the Company issued 2,250,000 shares of its common stock and pay
$250,000 as evidenced by a promissory note with interest accruing at an annual
rate 6%. Under the terms of the note, accrued interest is due one year from
the date of the note and all principal and additional accrued interest is due
two years from the date of the note. The Company valued the intangible assets
purchased at $640,000, which consists of the $250,000 obligation plus the fair
value of the 2,250,000 shares issued the members of the LP and the 750,000
shares issued to the consultant in connection with the acquisition.  The
Company valued the shares issued as of April 6, 2005.

NOTE 4. Notes Payable - Other

The Company owed five individuals a total of $145,667 as of June 30, 2005,
including accrued interest of $7,989. The loans are assessed interest at an
annual rate of 12% and are evidenced by five separate promissory notes.
Interest charged to operations on these obligations during the three months
ended June 30, 2005 and 2004 totaled $4,653 and $5,188, respectively.

Under the terms of the modified loan agreements, until the loans and accrued
interest are paid in full, each holder has the right to convert the obligation
due them, including accrued interest, into shares of the Company's common
stock at a price per share equal to the average of the bid price of the
Company's common stock for the thirty day trading period prior to the written
notice of conversion. In May 2005, a note holder converted $10,070 of
indebtedness due him  in exchange for the Company issuing him 53,000 shares of
the Company's common stock.

NOTE 5. Long-Term Debt

As discussed in Note 3, the Company completed its purchase of rights and
licenses from Permian Energy Services LP on April 6, 2005. In consideration
for the assets purchased, the Company agreed to pay $250,000 as evidenced
by a promissory note with interest accruing at an annual rate 6%. Under the
terms of the note, accrued interest is due one year from the date of the
note and all principal and additional accrued interest is due two years from
the date of the note.  In March and April 2005, the Company made advances
totaling $35,000 to the LP prior to the asset acquisition.  The Company
credited the advances made to the LP including accrued interest totaling
$35,063 against the $250,000 obligation due, thereby leaving a principal
balance due on the obligation at June 30, 2005 totaling $214,937. The
accrued interest due within one year is $3,004 and is reflected as a
current liability.

The minimum future principal payments on long-term debt are as follows:

	Period ending June 30,

		2006				$    --
		2007				   214,963
			Total			$  214,963


					(11)

<page>



NOTE 6. Shareholders' Deficit

Stock Options

As of June 30, 2005, the Company had granted stock options to its management
and former management to purchase 6,225,000 shares of the Company's common
stock at a price of $.15 per share.  The options expire in April, 2007.

Stock Warrants

During the year ended March 31, 2005, the Company issued warrants to purchase
350,000 shares of the Company's common stock at a price of $0.50 per share and
to purchase 350,000 shares of common stock at $1.00 per share. The warrants
were issued in connection with the Company's private offerings and are
exercisable for a two-year period expiring in March 2007.

In May 2005, the Company issued warrants to purchase 200,000 shares of the
Company's common stock at a price of $0.50 per share and to purchase 200,000
shares of common stock at $1.00. The warrants were issued in connection with
the Company's private offerings and expire two years from date of issuance.

In June 2005, the Company issued warrants to purchase 100,000 shares of the
Company's common stock at a price of $0.50 per share and to purchase 100,000
shares of common stock at $1.00. The warrants were issued in connection with
the Company's private offerings and expire two years from date of issuance.

In June 2005, the Company issued warrants to purchase 500,000 shares of the
Company's common stock at a price of $0.50 per share and to purchase 500,000
shares of common stock at $1.00. The warrants were issued in connection with
the Company's private offerings and expire two years from date of issuance.

At June 30, 2005, there were total warrants outstanding to purchase 1,150,000
shares of common stock at $0.50, and 1,150,000 shares of common stock at $1.00.

Preferred Stock

On June 23, 2005, a preferred stockholder converted 10,000 shares of Series A
preferred stock into 100,000 shares of the Company's common stock.

On June 23, 2005, a preferred stockholder converted 3,800 shares of Series C
preferred stock into 380,000 shares of the Company's common stock.

Common Stock

On April 6, 2005, the Company issued 2,250,000 shares of its common stock in
connection with the acquisition of certain intangible assets from Permian
Energy Services LP (See Note 3).

On May 5, 2005, the Company issued a consultant 750,000 in connection with the
above-indicated asset purchase. The shares were valued at $187,500, which was
included in the value assigned to the intangible assets purchased.

In May 2005, the Company issued 200,000 units through its private offering for
$40,000. Each unit consists of one share of the Company's common stock, a
warrant to purchase one share of common stock at $.50 per share and a warrant
to purchase one share of common stock at $1.00. The warrants expire two years
from date of issuance.

					(12)

<page>


In May 2005, the Company issued 50,000 shares to consultants for services
rendered. The shares were valued at $10,000.

On May 25, 2005 the Company issued 60,000 shares for public relations
services.  The shares were valued at $12,000.

In May 2005, the Company issued 53,000 shares of its common stock in exchange
for the cancellation of $10,070 of indebtedness due him.

In June 2005, the Company issued 100,000 units through its private offering
for $20,000. Each unit consists of one share of the Company's common stock,
a warrant to purchase one share of common stock at $.50 per share and a
warrant to purchase one share of common stock at $1.00. The warrants expire
two years from date of issuance.

On June 23, 2005, a preferred stockholder converted 10,000 shares of Series A
preferred stock into 100,000 shares of the Company's common stock.

On June 23, 2005, a preferred stockholder converted 3,800 shares of Series C
preferred stock into 380,000 shares of the Company's common stock.

In June 2005, the Company issued 500,000 units through its private offering
for $100,000. Each unit consists of one share of the Company's common stock,
a warrant to purchase one share of common stock at $.50 per share and a
warrant to purchase one share of common stock at $1.00. The warrants expire
two years from date of issuance.


Employee Stock Option Plan

On March 25, 2005, the Company established a stock option plan for officers,
directors, employees and consultants. Under the plan, certain options issued
will constitute "Incentive Stock Options" within the meaning of section 422A
of the Internal Revenue Code, and other options issued will be deemed
nonstatutory. The Company's Board of Directors is responsible for the plan
and the granting of the options.  The number of common shares reserved to be
issued through the plan is 3,000,000. Options are exercisable for as period up
to ten years from the date of grant. The Company's Board of Directors decides
the actual term of each option. Options granted to employees are subject to a
vesting schedule based upon the number of years of continuous service that the
employee has with the Company from the grant date of the respective option.
After three years of continuous service from the date of grant, the respective
options held by an employee are fully vested. The price for shares issued
through the exercise of incentive stock options are at fair market value for
all employees with the exception of employees who are significant
shareholders, who will pay no less than 110% of market value. The price for
shares issued through the exercise of nonstatutory options shall be decided by
the Company's Board, but at a price no less than 100% of the shares market
value at date of grant.

					(13)

<page>


NOTE 7. Related Parties

Short-Term Borrowings

As of June 30, 2005, the Company owed its President for a total of $111,330,
including accrued interest of $2,466. The loans are assessed interest at an
annual rate of 12% and are evidenced by a promissory note. Interest charged
to operations for the three months ended June 30, 2005 and 2004 on these loans
totaled $3,464 and $0, respectively. In addition, under the terms of the loan,
until the principal loans balance and accrued interest are paid in full, the
President has the right to convert the obligation due him, including accrued
interest, into shares of the Company's common stock at a price per share equal
to the average of the bid price of the Company's common stock for the thirty
day trading period prior to the written notice of conversion.

In May 2005, the Company's President advanced it $10,000.

Stock Options

The Company had granted stock options to related parties to purchase shares of
the Company common stock. As of June 30, 2005, the 6,225,000 stock options
outstanding were all issued to related parties.

Noncash transactions

For the three months ended June 30, 2005 and 2004, the Company accrued $40,534
and $54,000, respectively, for compensation due its officers for services.

Acquisition of Intangible Assets from Permian Energy Services LP

The Company's president is a sole shareholder of a corporation which is a
member of Permian Energy Services LP.


NOTE 8. Commitments and Contingencies

On March 29, 2005, the Company entered into a consulting agreement for
services to be provided in connection with the Company's shareholder and
broker relations program. Under the terms of the agreement, the Company
pays the consultant a monthly fee consisting of $1,500 and 20,000 shares
of its common stock. The agreement is cancelable by either party for any
reason on sixty days notice.  During the three months ended June 30, 2005,
the Company paid $4,500 and issued 60,000 shares, valued at $12,000, in
exchange for services provided under the consulting agreement.

NOTE 9.  Subsequent events

In July 2005, the Company issued 150,000 shares of common stock through its
private offering for $30,000.

In August 2005, the Company issued 325,000 shares of common stock through its
private offering for $65,000.

In connection with the asset acquisition, the Company appointed the managing
member of the LP as Permian Energy International's President and CEO. In
August 2005, Permian Energy International's President resigned his position
as President and Director. At the time of resignation, the President was
in possession of Company equipment that is used in its oil and gas
operations and has not returned the equipment as of the date of this filing.
The Company is consulting with its legal advisors regarding this matter.

					(14)

<page>


Item 2.		Management's Discussion and Analysis or Plan of Operation

You should read the following discussion of our results of operations and
financial condition in conjunction with our consolidated financial statements
and related notes included elsewhere in this Form 10-QSB.  Unless specified
otherwise as used herein, the terms "we", "us" or "our" refers to Platina
Energy Group Inc.

The following Management's Discussion and Analysis or Plan of Operation
contains certain forward-looking statements regarding future financial
condition and results of operations and the company's business operations. We
have based these statements on our expectations about future events.  The
words "may," "intend," "will," "expect," "anticipate," "objective,"
"projection," "forecast," "position" or negatives of those terms or other
variations of them or comparable terminology are intended to identify
forward-looking statements. We have based these statements on our current
expectations about future events.  Although we believe that our expectations
reflected in or suggested by our forward-looking statements are reasonable, we
cannot assure you that these expectations will be achieved. Our actual results
may differ materially from what we currently expect. Important factors which
could cause our actual results to differ materially from the forward-looking
statements include, without limitation:  (1)general economic and business
conditions, (2) effect of future competition, and (3) failure to raise needed
capital.

OVERVIEW

Platina Energy Group Inc. ("the Company"), a Delaware Corporation, was
incorporated on January 19, 1988 as Windom, Inc.   After several failed
business attempts, the Company changed its name to Federal Security Protection
Services, Inc. on March 12, 2002 and acquired Iris Broadband, Inc. on
September 6, 2002, allowing the Company to become a full-service managed
security services company and a secure Internet Protocol ("IP") network
services provider.  In 2003, the Company reversed its merger with Iris
Broadband, Inc. and, as a result, discontinued business operations. On June
15, 2005, the Company changed its name to Platina Energy Group Inc. after
acquiring the rights and licenses to marketing certain a proprietary thermal
pulsing pump which will be utilized in the oil and gas industry.

The Company's corporate headquarters is 200 W. 17th Street, Suite 240,
Cheyenne, Wyoming 82001 and its operating office is located at the same
address.


RESULTS OF OPERATIONS

Revenues for the three-months ended June 30, 2005 totaled $4,900 as compared
to $0 for the three months ended June 30, 2004.  The revenues generated in
2005 were derived from the utilization of its thermal pump.

Operating expenses for the three-months ended June 30, 2005 totaled $215,661,
of which $45,929 pertains to costs incurred in testing and evaluating the
thermal pump. General and administrative expenses for the three-months ended
June 30, 2005 primarily consisted of accrued compensation to its officers
totaling $40,534, consulting fees of $50,000, accounting fees of $15,614,
public relations expense of $14,484, legal fees of $11,671, equipment rental
of $9,551, transportation expenses of $6,011, office rent of $5,550, contract
labor of $6,000 and other general and administrative expenses totaling
$15,217.

					(15)

<page>


Operating expenses for the three-months ended June 30, 2004 totaled $59,470,
which primarily consisted of accrued compensation to its officers totaling
$54,000, accounting fees of $4,900, and other general and administrative
expenses totaling $570.

The Company does not have any non-officer employees, and no cash salaries or
wages are currently being paid.

Interest charged to operations for the three-months ended June 30, 2005 and
2004 amounted to $11,121 and $5,188, respectively.


LIQUIDITY AND CAPITAL RESOURCES

As of June 30, 2005, the Company had current assets of $48,511, consisting
solely of cash and cash equivalents.  The Company also had equipment with a
net book value of $55,412 and licensing rights totaling $640,000.  Total
assets at June 30, 2005 were $743,923.

As of June 30, 2005, the Company had current liabilities of $546,434 and
long-term debt of $217,967.

As of June 30, 2004, the Company had current assets of $641.  Total assets
were $765.

As of June 30, 2004, the Company had current liabilities of $437,473 and
no long-term liabilities.


Item 3.   Controls and Procedures

Within 90 days prior to the date of filing of this report, we carried out
an evaluation, under the supervision and with the participation of our
officers and directors, including our Chief Executive Officer and Chief
Financial Officer, of the design and operation of our disclosure controls
and procedures. Based on this evaluation, our Chief Executive Officer and
Chief Financial Officer have concluded that our disclosure controls and
procedures are effective for the gathering, analyzing and disclosing the
information we are required to disclose in the reports we file under the
Securities Exchange Act of 1934, within the time periods specified in the
SEC's rules and forms. There have been no significant changes in our internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of this evaluation.

Our management does not expect that our disclosure controls or internal
controls over financial reporting will prevent all errors or all instances of
fraud. A control system, no matter how well designed and operated, can provide
only reasonable, not absolute, assurance that the control system's objectives
will be met. Further, the design of a control system must reflect the fact
that there are resource constraints, and the benefits of controls must be
considered relative to their costs. Because of the inherent limitations in all
control systems, no evaluation of controls can provide absolute assurance that
all control issues and instances of fraud, if any, within our company have
been detected. These inherent limitations include the realities that judgments
in decision-making can be faulty, and that breakdowns can occur because of
simple error or mistake. Because of the inherent limitation of a cost-
effective control system, misstatements due to error or fraud may occur and
not be detected.

					(16)

<page>


PART II.	OTHER INFORMATION


Item 1.		Legal Proceedings

None


Item 2.		Unregistered Sales of Equity Securities and Use of Proceeds

Previously reported on Form 8-K filed on August 3, 2005.


Item 3.	Defaults upon Senior Securities

	None


Item 4.		Submission of Matters to a Vote of Security Holders

On June 15, 2005, the Company held a Special Meeting of Stockholders in
Greenwood Village, Colorado, for the purpose of considering and voting on
a proposal to approve an amendment of the Company's Articles of Incorporation
to change its name to Platina Energy Group, Inc. and a proposal to approve the
establishment of 2005 Stock Option Plan for the benefit of certain officers,
directors, employees and advisors of the Company.

The proposal to amend the Company's Articles of Incorporation to change
the Company's name to Platina Energy Group, Inc. was ratified at the meeting
as follows:

For		9,236,587
Against		0
Abstaining	105,000

The proposal to approve the 2005 stock option plan was ratified at the
meeting as follows:

For		8,888,769
Against		282
Abstaining	2



Item 5.		Other Information

	None

Item 6.		Exhibits and Reports on Form 8-K

	(a)	Exhibit 31 - Certification pursuant to Section 302 of the Sarbanes-Oxley
		Act of 2002

	(b)	Exhibit 32 - Certification pursuant to 18 U.S.C. Section 1350 as adopted
		pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

					(17)

<page>


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereto duly authorized.


Date:	August 17, 2005 		PLATINA ENERGY GROUP, INC.
					    (Registrant)



					Blair Merriam
					Chief Executive Officer, President, Chief Financial Officer,
					(Principal Accounting Officer) and Director


					(18)

<page>


Exhibit 31

CERTIFICATION PURSUANT TO
Section 302 of the
Sarbanes-Oxley Act of 2002


I, Blair Merriam, Chief Executive Officer, President and Chief Financial
Officer of Platina Energy Group, Inc., certify that:

	1.	I have reviewed this quarterly report on Form 10-QSB of Platina
		Energy Group, Inc.;

	2.	Based on my knowledge, this quarterly report does not contain any
		untrue statement of a material fact or omit to state a material fact
		necessary to make the statements made, in light of the circumstances
		under which such statements were made, not misleading with respect to
		the period covered by this quarterly report;

	3.	Based on my knowledge, the financial statements, and other financial
		information included in this quarterly report, fairly present in all
		material respects the financial condition, results of operations and
		cash flows of the registrant as of, and for, the periods presented in
		this quarterly report;

	4.	The registrant's other certifying officers and I are responsible for
		establishing and maintaining disclosure controls and procedures (as
		defined in Exchange Act Rules 13a 4 and 15d-14) for the registrant and
		we have:

		a)	designed such disclosure controls and procedures to ensure that
			material information relating to the registrant, including its
			consolidated subsidiaries, is made known to us by others within those
			entities, particularly during the period in which this quarterly report
			is being prepared;

		b)	evaluated the effectiveness of the registrant's disclosure controls and
			procedures as of a date within 90 days prior to the filing date of this
			quarterly report (the "Evaluation Date"); and

		c)	presented in this quarterly report our conclusions about the effectiveness
			of the disclosure controls and procedures based on our evaluation as of the
			Evaluation Date;

	5.	The registrant's other certifying officers and I have disclosed, based on
		our most recent evaluation, to the registrant's auditors and the audit
		committee of registrant's board of directors (or persons performing the
		equivalent function):

		a)	all significant deficiencies in the design or operation of internal
			controls which could adversely affect the registrant's ability to
			record, process, summarize and report financial data and have identified
			for the registrant's auditors any material weaknesses in internal
			controls; and

		b)	any fraud, whether or not material, that involves management or other
			employees who have a significant role in the registrant's internal
			controls; and

	6.	The registrant's other certifying officers and I have indicated in this
		quarterly report whether or not there were significant changes in internal
		controls or in other factors that could significantly affect internal
		controls subsequent to the date of our most recent evaluation, including any
		corrective actions with regard to significant deficiencies and material
		weaknesses.

Date:  August 17, 2005				/s/ Blair Merriam
						    Blair Merriam
						Chief Executive Officer, President
						and Chief Financial Officer

					(19)

<page>

Exhibit 32

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly report of Platina Energy Group, Inc.
(the "Company") on Form 10-QSB for the period ending June 30, 2005 as
filed with the Securities and Exchange Commission on the date hereof
(the "Report"), I, Blair Merriam, Chief Executive Officer and Chief
Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section
1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002, that:

	(1)	The Report fully complies with the requirements of section 13(a) or 15(d)
		of the Securities and Exchange Act of 1934; and

	(2)	The information contained in the Report fairly presents, in all material
		respects, the financial condition and result of operations of the Company.



	/s/ Blair Merriam
	Blair Merriam
	Chief Executive Officer, President
	and Chief Financial Officer

	August 17, 2005


					(20)