SECURITIES AND EXCHANGE COMMISSION			Washington, D.C. 20549			Form 10-QSB

[X]       QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934				            For Quarter ended June 30, 2005				[_]        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934				            For the transition period from __________ to ________________

Commission File No. 0-32307				SEA SUN CAPITAL CORPORATION				(Exact Name of registrant as specified in its charter)				Delaware                                                                      59-3518707				(State or other jurisdiction                                             (IRS Employer ID Number)				of incorporation or organization)                                                                                           				424 Brookmill Rd., Oakville, Ontario L6J 5K5 Canada				(Address of principal executive offices)				(905) 844-3680				(Issuer's Telephone Number)

INDICATE BY CHECK MARK WHETHER THE REGISTRANT (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 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 _____				As of August 15, 2005, the issuer had 19,890,561 shares of Common Stock, par value $.001 per share, issued and outstanding.

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**SEA SUN CAPITAL CORPORATION****CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS****For the Six Months Ended June 30, 2005 and 2004,****and the Period of February 19, 2003 to June 30, 2005**

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**SEA SUN CAPITAL CORPORATION****Consolidated Unaudited Financial Statements****For the Six Months Ended June 30, 2005 and 2004****Contents**

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Consolidated Balance Sheet.......................................................................................................................... 4

Consolidated Statements of Operations and Comprehensive Income (Loss)................................................... 5

Consolidated Statements of Cash Flows........................................................................................................ 6

Notes to Consolidated Financial Statements..............................................................................................7-10

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| **SEA SUN CAPITAL CORPORATION**                                                                                                                                                                                                                                                                                                                                     |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **CONSOLIDATED BALANCE SHEET**                                                                                                                                                                                                                                                                                                                                      |
|                                     **June 30, 2005**                                **(UNAUDITED)** | **** |
|                                                                                                                                                                                                                                                                                                                                                                     |  |
|                                                                                                                                                                                                                                                                                                                                                                     |  |
| ASSETS                                                                                                                                                                                                                                                                                                                                                              |  |
|                                                                                                                                                                                                                                                                                                                                                                     | **** |
| Current assets:                                                                                                                                                                                                                                                                                                                                                     |  |
|     Cash in bank                                                                                                                                                                                                                                                                                                                                     |  $          539,420 |
|     Accounts receivable (note 7)                                                                                                                                                                                                                                                                                                                     |              739,165 |
|     Inventory                                                                                                                                                                                                                                                                                                                                        |                  4,530 |
|           Total current assets                                                                                                                                                                                                                                                                                         |           1,283,115 |
| Fixed assets:                                                                                                                                                                                                                                                                                                                                                       |  |
|     Boats and accessories                                                                                                                                                                                                                                                                                                                            |              711,819 |
|     Office equipment                                                                                                                                                                                                                                                                                                                                 |                  2,876 |
|          Total fixed assets                                                                                                                                                                                                                                                                                                 |              714,695 |
|     Less accumulated depreciation                                                                                                                                                                                                                                                                                                                    |               (73,442) |
|          Net fixed assets                                                                                                                                                                                                                                                                                                   |               641,253 |
| Other assets:                                                                                                                                                                                                                                                                                                                                                       |  |
|      Intangible asset (note 5)                                                                                                                                                                                                                                                                                                                  |               125,253 |
|             Total other assets                                                                                                                                                                                                                                                                               |               125,253 |
| Total assets                                                                                                                                                                                                                                                                                                                                                        |  $        2,049,621									============ |
|                                                                                                                                                                                                                                                                                                                                                                     |  |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                                                                                                                                                                                                |  |
|                                                                                                                                                                                                                                                                                                                                                                     |  |
| Current liabilities:                                                                                                                                                                                                                                                                                                                                                |  |
|      Accounts payable                                                                                                                                                                                                                                                                                                                           |  $          110,873 |
|      Accounts payable - related parties (note 6)                                                                                                                                                                                                                                                                                                |              137,244 |
|           Total current liabilities                                                                                                                                                                                                                                                                                    |              248,117 |
| Stockholders' equity:                                                                                                                                                                                                                                                                                                                                               |  |
|      Preferred stock; $.001 USD par value, 50,000,000 shares authorized,                                                                                                                                                                                                                                                                        |  |
|           no shares issued and outstanding (note 4)                                                                                                                                                                                                                                                                    |                          - |
|      Common stock; $.001 USD par value, 100,000,000 shares authorized,                                                                                                                                                                                                                                                                          |  |
|           18,999,061 shares issued and outstanding (note 4)                                                                                                                                                                                                                                                            |                18,999 |
|      Common stock subscribed (note 4)                                                                                                                                                                                                                                                                                                           |              570,979 |
|      Capital in excess of par value                                                                                                                                                                                                                                                                                                             |           1,909,629 |
|      Accumulated other comprehensive loss                                                                                                                                                                                                                                                                                                       |              (95,523) |
|      Accumulated deficit                                                                                                                                                                                                                                                                                                                        |            (602,580) |
|           Total stockholders' equity                                                                                                                                                                                                                                                                                   |           1,801,504 |
| Total liabilities and stockholders’ equity                                                                                                                                                                                                                                                                                                                    |  $       2,049,621									============ |

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See accompanying notes to financial statements.				4

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| **SEA SUN CAPITAL CORPORATION**                                                         |
|-----------------------------------------------------------------------------------------|
| **CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS**                        |
| **(UNAUDITED)**                                                                         |
|                                                                                         |  |  |  |  |  |  |  |
|                                                                                         |  |  |  |  |  |  |  |
|                                                                                         |  |  |  |  |  |  |  |
|                                                                                         | For the Three Months |  | For the Six Months |
|                                                                                         | Ended June 30, |  | Ended June 30, |
|                                                                                         | 2005 |  | 2004 |  | 2005 |  | 2004 |
|                                                                                         |  |  |  |  |  |  |  |
| Revenue from location sales (note 7)                                                    |  $   1,147,200 |  |  $                  - |  |  $   1,147,200 |  |  $                  - |
|                                                                                         |  |  |  |  |  |  |  |
| Expenses:                                                                               |  |  |  |  |  |  |  |
|      Professional fees                                              |            17,456 |  |            57,089 |  |            34,958 |  |            63,697 |
|      Research and development                                       |                     - |  |                     - |  |              3,949 |  |              7,902 |
|      Wages                                                          |            67,118 |  |              7,153 |  |          173,295 |  |            12,811 |
|      Depreciation                                                   |            26,021 |  |              7,410 |  |            36,672 |  |            13,866 |
|      Travel, meals, and entertainment                               |            10,533 |  |            12,538 |  |            20,703 |  |            22,345 |
|      Advertising                                                    |                      - |  |                      - |  |                   49 |  |                      - |
|      Other general and administrative                               |            16,149 |  |            10,293 |  |            20,476 |  |            12,060 |
|              Total expenses |          137,277 |  |            94,483 |  |          290,102 |  |          132,681 |
|                                                                                         |  |  |  |  |  |  |  |
| Net income (loss) from operations                                                       |       1,009,923 |  |          (94,483) |  |          857,098 |  |        (132,681) |
|                                                                                         |  |  |  |  |  |  |  |
| Other income (expense)                                                                  |  |  |  |  |  |  |  |
|      Gain (loss) on disposal of fixed assets                        |                      - |  |                  274    |  |                      - |  |          (21,377) |
|      Interest income                                                |                   31 |  |                      - |  |                   41 |  |                     1 |
| Total other income (expense)                                                            |                   31 |  |                  274    |  |                   41 |  |          (21,376) |
|                                                                                         |  |  |  |  |  |  |  |
| Net loss before income taxes                                                            |       1,009,954 |  |          (94,209) |  |          857,139 |  |        (154,057) |
|      Provision for income taxes                                     |                      - |  |                      - |  |                      - |  |                      - |
| Net income (loss)                                                                       |       1,009,954 |  |          (94,209) |  |          857,139 |  |        (154,057) |
|                                                                                         |  |  |  |  |  |  |  |
| Foreign currency translation adjustments                                                |               (437) |  |                 496 |  |               (916) |  |               (214) |
|                                                                                         |  |  |  |  |  |  |  |
| Total comprehensive income (loss)                                                       |  $   1,009,517									========== |  |  $      (93,713)									========== |  |  $      856,223									========== |  |  $   (154,271)									========== |
|                                                                                         |  |  |  |  |  |  |  |
| Net income (loss) per common share                                                      |  $            0.05									========== |  |  $          (0.01)									========= |  |  $            0.05									========== |  |  $          (0.01)									========== |
|                                                                                         |  |  |  |  |  |  |  |   |
| Weighted average shares outstanding                                                     | 18,433,415									======== |  | 14,647,338									======== |  | 17,689,454									======== |  | 13,533,471									======== |   |
|                                                                                         |  |  |  |  |  |  |  |  |  |  |  |

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See accompanying notes to financial statements.					5

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| SEA SUN CAPITAL CORPORATION                                                                                                |
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| **CONSOLIDATED STATEMENTS OF CASH FLOWS									(UNAUDITED)**                                                              |
|                                                                                                                            |  |  |  |  |
|                                                                                                                            |  |  |  |  |
|                                                                                                                            | For the Six Months |  |
|                                                                                                                            | Ended June 30, |  |
|                                                                                                                            | 2005 |  | 2004 |  |
| Cash flows from operating activities                                                                                       |  |  |  |  |
|      Net income (loss)                                                                                 | $                      857,139 |  | $               (154,057) |  |
|                                                                                                                            |  |  |  |  |
| Adjustments to reconcile net income (loss) to cash                                                                         |  |  |  |  |
|   provided by (used in) operating activities:                                                                         |  |  |  |  |
|      Depreciation                                                                                      |                            36,285 |  |                      13,688  |  |
|      Shares issued for services                                                                        |                                     - |  |                      50,720 |  |
|      Loss on disposal of fixed assets                                                                  |                                     - |  |                      21,103 |  |
|                                                                                                        |  |  |  |  |
|      Changes in operating assets and liabilities:                                                      |  |  |  |  |
|           Increase in accounts and notes receivable                           |                        (739,165) |  |                               - |  |
|           Decrease in other assets                                            |                        2,311 |  |                               - |  |
|           Increase in accounts payable                                        |                            95,069 |  |                        2,415 |  |
|           Increase (decrease) in accounts payable - related parties           |                           (24,681) |  |                      24,610 |  |
|              Cash provided by (used in) operating activities   |                          226,958 |  |                    (41,521) |  |
|                                                                                                                            |  |  |  |  |
| Cash flows from investing activities                                                                                       |  |  |  |  |
|      Purchase of fixed assets                                                                          |                         (471,372) |  |                         (494) |  |
|              Cash used in investing activities                 |                          (471,372) |  |                         (494) |  |
|                                                                                                                            |  |  |  |  |
| Cash flows from financing activities                                                                                       |  |  |  |  |
|      Sale of common stock                                                                              |                               - |  |                     11,188 |  |
|      Sale of common stock subscriptions                                                                |                          570,979 |  |                               - |  |
|                Cash provided by financing activities |                          570,979 |  |                     11,188 |  |
|                                                                                                                            |  |  |  |  |
| Net increase (decrease) in cash                                                                                            |                          326,565 |  |                    (30,827) |  |
|                                                                                                                            |  |  |  |  |
| Foreign currency translation                                                                                               |                               (916) |  |                         (214) |  |
|                                                                                                                            |  |  |  |  |
| Cash at the beginning of the period                                                                                        |                          213,771 |  |                      34,905 |  |
|                                                                                                                            |  |  |  |  |
| Cash at the end of the period                                                                                              |  $                       539,420									================= |  |  $                    3,864									============== |  |
|                                                                                                                            |    |  |    |  |
| **Supplemental Information:**                                                                                              | **** | **** | **** | **** |
|      Common stock issued for fixed assets                                                              |  $                                  -									================= |  |  $                             -									============== |  |
|      Common stock issued for inventory                                                                 |  $                                  -									================= |   |  $                             -									============== |  |
|      Fixed assets purchased on credit                                                                  |  $                                  -									================= |   |  $                             -									============== |  |

See accompanying notes to financial statements.				6

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**SEA SUN CAPITAL CORPORATION					Notes to Consolidated Financial Statements****For the Six Months Ended June 30, 2005****(UNAUDITED)**

The accompanying unaudited condensed financial statements include the accounts of Sea Sun Capital Corporation.  The financial statements are condensed and, therefore, do not include all disclosures normally required by accounting principles generally accepted in the United States of America.  These statements should be read in conjunction with the Company’s most recent annual financial statements for the year ended December 31, 2004 and for the period from inception, August 19, 1997, through December 31, 2004, included in Form 10-KSB filed with the U.S. Securities and Exchange Commission.  In the opinion of management, all adjustments necessary for a fair presentation have been included in the accompanying condensed financial statements and consist of only normal recurring adjustments.  The results of operations presented in the accompanying condensed financial statements for the period ended June 30, 2005 are not necessarily indicative of the operating results that may be expected for the full year ending December 31, 2005.

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**Note 1 – Organization**

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Sea Sun Capital Corporation (the Parent) was organized as a blank check company under the laws of the state of Delaware as Alpha Holding, Inc. on August 19, 1997.  A name change to Sea Sun Capital Corporation was effected September 29, 2004.  The Parent has had minimal operations since inception, and on December 16, 2004 acquired 100% of the stock of Sea Sun Capital Corporation (the Subsidiary), which was organized under the laws of Alberta, Canada on February 19, 2003.  The acquisition was accounted for as a reverse merger, as the post acquisition owners and control persons of the Parent are substantially the same as the pre acquisition owners and control persons of the Subsidiary.   The financial statements reflect primarily the operations of the Subsidiary, with a recapitalization to illustrate the effects of the reverse merger.  The consolidated entity is hereafter referred to as ‘the Company.’

The Company is in business to supply water leisure crafts and accessories to domestic and international markets, and plans to generate revenues through rentals, royalties, and sales of watercrafts and licensing opportunities in Eco Tour Locations.  The Company has at the present time, not paid any dividends and any dividends that may be paid in the future will depend upon the financial requirements of the Company and other relevant factors.**Note 2 – Basis of Presentation**

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Generally Accepted Accounting Principles – The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP). This basis differs from that used in the statutory accounts of the Subsidiary, which were prepared in accordance with the accounting principles and relevant financial regulations applicable to enterprises in Canada. All necessary adjustments have been made to present the financial statements in accordance with US GAAP.

Foreign Currency and Comprehensive Income – The Subsidiary’s functional currency is the Canadian dollar (CND), while the Parent’s functional currency is the United States dollar (USD).  The financial statements of the Subsidiary were translated to USD prior to consolidation using June 30, 2005 exchange rates for the balance sheet, and weighted average exchange rates over the three and six months ended June 30, 2005 and 2004 for the statements of operations.  Foreign currency translation gains or losses as a result of fluctuations in the exchange rates are reflected in the Statement of Other Comprehensive Income or Loss.

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**SEA SUN CAPITAL CORPORATION****Notes to Consolidated Financial Statements****For the Six Months Ended June 30, 2005****(UNAUDITED)**

**Note 3 – Summary of Significant Accounting Policies**

Net Earnings Per Share - The computation of net income (loss) per share of common stock is based on the weighted average number of shares outstanding during the periods presented.Income Taxes - Due to losses accumulated since inception, no provision for income taxes has been made.  There are no deferred income taxes resulting from income and expense items being reported for financial accounting and tax reporting purposes in different periods.  Deferred income tax assets arising from net operating losses have been fully offset by valuation allowances, in accordance with SFAS #109 *“Accounting for Income Taxes,”*due to the uncertainty of their realization. 

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.  During the six months ended June 30, 2005, the Company did not have non-cash investing activities other than as disclosed on the statements of cash flows.

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 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.****

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Fixed Assets – Fixed assets are stated at cost less accumulated depreciation, which is computed using the straight line method based on estimated useful lives ranging from two (2) to five (5) years. Long-term assets of the Company are reviewed annually to assess whether the carrying value has become impaired, according to the guidelines established in Statement of Accounting Standards (SFAS) No. 144, *“Accounting for the Impairment or Disposal of Long-Lived Assets.”* The Company also evaluates the periods of amortization to determine whether subsequent events and circumstances warrant revised estimates of useful lives. No impairment of assets was recorded in the periods reported.

Revenue Recognition - The Company recognizes revenue at the time a watercraft is rented or sold, when Eco Tour Licenses are sold, or when other services are rendered.  The Company recognizes initial deposits for Eco Tour License sales upon the signing of the contract, with the remainder of the revenue recognized upon final delivery of the watercrafts to the licensees. $1,147,200 in revenues was recognized during the six months ended June 30, 2005 for initial deposits received on Eco Tour License contracts.  In accordance with the Eco Tour contracts, the remainder of the revenue will be recognized upon final delivery of watercrafts to the licensees.

Advertising Costs – The Company generally expenses advertising costs as incurred.  The Company incurred $49 in advertising costs during the six months ended June 30, 2005.

Inventory – The Company’s inventory consists of watercrafts it intends to rent or sell, and are carried at the lower of cost or market.

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**SEA SUN CAPITAL CORPORATION****Notes to Consolidated Financial Statements****For the Six Months Ended June 30, 2005****(UNAUDITED)**

Accounts Receivable – Generally 60% of the total purchase price for Eco Tour License contracts is due upon the signing of the contracts.  All monies not received when due are classified as short-term accounts receivable.  Up to 40% of the total license purchase price can be financed over a period of 24 months at interest rates ranging from 8% to 10%, and are classified as long-term notes receivable.  No allowance for doubtful accounts has been recorded for Eco Tour License sales at June 30, 2005 due to low risk of uncollectibility.  In the future, the Company plans to sell its watercrafts to independent dealers, at which time the Company will set up an allowance based on estimation of uncollectible accounts.

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**Note 4 – Stockholders’ Equity**

The Company is authorized to issue 50,000,000 shares of its preferred stock and 100,000,000 shares of its common stock, both with a $.001 USD par value.  The Company has not issued any preferred stock, and has 18,999,061 shares of common stock issued and outstanding at June 30, 2005, which includes 8,330,000 shares of the Parent’s stock issued and outstanding at the date of the reverse merger.  The common stock transactions since inception are as follows:
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Upon incorporation on February 19, 2003, the Company issued 1,500,000 founding shares of its par value common stock to one of its directors.  					In March 2003, the Company issued 30,000 shares of its common stock at $.064 USD for total cash of $1,934 USD.					During March and April 2003, the Company issued 1,500,000 shares of its common stock at $.193 USD for total cash of $290,181 USD.					In May and July 2003, the Company issued 185,228 shares of its common stock at $.271 USD for total cash of $50,166 USD.      					In September, November, and December 2003, the Company issued 4,500,000 shares of its common stock in exchange for consulting services.  The shares were valued at an estimated $.193 USD for total expense of $870,541. 					In April 2004, the Company issued 30,000 shares of its common stock at $.415 USD for total cash of $12,465 USD.					In May 2004, the Company issued 300,000 shares of its common stock at $.249 USD in exchange for fixed assets with a total value of $74,788 USD.					In May and July 2004, the Company issued 562,000 shares of its common stock in exchange for consulting services.  The shares were valued at an estimated $.282 USD for total value of $158,783 USD. 					In accordance with terms set forth in a private offering memorandum open December 1, 2004 through January 31, 2005, the Company received cash consideration of $306,208 USD in 2004 and $500 USD in 2005 for subscriptions to issue 1,246,833 shares of common stock.  The shares were issued on April 13, 2005.					During the months of April through June 2005, the Company issued 815,000 shares and received $570,979 cash for subscriptions to issue 2,021,500 shares of common stock during July 2005.

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**SEA SUN CAPITAL CORPORATION					                                 					Notes to Consolidated Financial Statements					For the Six Months Ended June 30, 2005					(UNAUDITED)**

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**Note 5 - Intangible Asset**

In December 2003, the Company acquired watercrafts and accessories with a fair market value of $196,490 CND from an entity with which the Company’s director is affiliated.  The Company paid the entity $350,000 CND, which resulted in an intangible asset of $153,510 CND.  The intangible asset consists of marketing and other efforts made by the entity to establish brand recognition of the Company’s product.  Using the exchange rate at June 30, 2005, the intangible asset had a value of $125,253 USD.  Minimal (if any) impairment in accordance with SFAS #142, ‘*Goodwill and Other Intangible Assets*,’ was noted, and therefore, not recorded.**Note 6 - Accounts Payable - Related Parties**

The majority of the Company’s expenses are paid by an entity affiliated with one of the Company’s directors.  The Company has accumulated reimbursements owed to the entity of $117,166 USD at June 30, 2005.  The remaining balance of $20,078 is payable to the former officers and directors of the Parent. 

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**Note 7 - Accounts and Notes Receivable, Revenues**

During the six months ended June 30, 2005, the Company entered into several contracts for the sales of Eco-Tour Licenses for a total purchase price of $1,868,400.  According to the terms of the contracts and revenue recognition and accounts receivable policies as described in Note 2 above, the Company recognized revenues of $1,147,200 for Eco Tour License sales for the six months ended June 30, 2005.  Accounts receivable for initial deposits totaled $739,165 at June 30, 2005, while no long-term notes receivables were recorded because final delivery of the watercrafts to the licensees had not yet occurred.**Note 8 - Going Concern******

The Company has incurred significant cumulative net losses that, netted with revenues generated during the six months ended June 30, 2005, resulting in retained deficit of $602,580.  This is the first quarter in which the Company has recognized any revenues from operations, and there is no guarantee that the Company will continue to generate revenues sufficient so sustain operations.  The Company continues to sell one to two Eco Tour Licenses each week at $120,000 to $150,000 each, and is in discussions with a large marine company regarding the distribution and sale of the boats in the Caribbean and Central America.  In addition, the Company is in ongoing discussions with several cruise lines that may feature its "Eco-Tours" as shore excursions for their passengers in the Caribbean. The Company is also in the process of establishing a subsidiary company in Barbados that will be an Eco Tour Licensor.  The Company is talking with several financial institutions to raise $5 million to facilitate the opening of up to 45 corporate locations.  If additional financing is needed, the Company intends to sell shares of the Parent’s stock.  Although there can be no assurance, management is confident that the funds raised will be sufficient or that the Company will be able to obtain additional funding or generate profitable operations, and other funding, if obtained in adequate amounts, will be on terms favorable to the Company to execute its business plan.**Note 9 - Subsequent Events**

Since June 30, 2005, the Company has completed final delivery of its watercrafts to several of its Eco Tour License contracts entered into during the six months ended June 30, 2005.  In addition, the Company has entered into 5 new Eco Tour License contracts and has received initial deposits of approximately $225,000.

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The Subsidiary’s functional currency is the Canadian dollar (CND), while the Parent’s functional currency is the United States dollar (USD).  The financial statements of the Subsidiary were translated to USD prior to consolidation using June 30, 2005 exchange rates for the balance sheet, and weighted average exchange rates over the three and six months ended June 30, 2005 and 2004 for the statements of operations.  Foreign currency translation gains or losses as a result of fluctuations in the exchange rates are reflected in the Statement of Other Comprehensive Income or Loss.

Revenue Recognition

The Company recognizes revenue at the time a watercraft is rented or sold, when Eco Tour Licenses are sold, or when other services are rendered.  The Company recognizes initial deposits for Eco Tour License sales upon the signing of the contract, with the remainder of the revenue recognized upon final delivery of the watercrafts to the licensees.  The Company recognized $1,147,200 in revenues during the six months ended June 30, 2005 for initial deposits received on Eco Tour License contracts.  In accordance with the Eco Tour contracts, the remainder of the revenue will be recognized upon final delivery of watercrafts to the licensees.

Operating Expenses

For the three months ended June 30, 2005, operating and general and administrative expenses were $137,277 as compared to $94,483 for the three months ended June 30, 2004, an increase of $42,794.

The Company reported net income from operations for the three months ended June 30, 2005 of $1,009,923 compared to a net loss from operations for the three months ended June 30, 2004 of $94,483 and is continuing to sell Eco-Tour licenses.  This translates to

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Sources of Capital

As of June 30, 2005, the Company had cash on hand of $539,420, and is continuing to sell Eco-Tour licenses.  Management believes it will have the resources available to maintain its current business operation as a result of the sale of Eco Tour licenses and the cash deposits received for purchases of such licenses.  As of June 30, 2005, the Company had working capital of $1,034,998.			ITEM 3.  Controls and Procedures			We carried out an evaluation under the supervision and with the participation of our management, including our Chief Executive Officer and chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Securities Exchange Act rules 13a-15(e) and 15d-15(e). Based upon that evaluation, the Chief Executive office and Chief Financial Officer concluded that our disclosure controls and procedures as of June 30, 2005 are effective in timely alerting them to material information relating to the company required to be included in our periodic SEC filings. The design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its state goals under all potential future conditions, regardless of how remote. There were no significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation.

PART II

Item 6. Exhibits and Reports on Form 8-K

             (a)        The exhibits required to be filed herewith by Item 601 of regulation S-B, as described in the following index of exhibits, are incorporated herein by reference, as follows:

Exhibit No.       Description3.1                   Articles of Incorporation of Alpha Holding, Inc. (1)			3.1(a)               Articles of Amendment to Articles of Incorporation			3.2                   By-Laws of Alpha Holding, Inc. (1)			31.1                 Certification under Section 302 of the Sarbanes-Oxley Act of 2002			31.2                 Certification under Section 302 of the Sarbanes-Oxley Act of 2002			32.1                 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to			                        Section 906 of the Sarbanes-Oxley Act of 2002			32.2                 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to			                        Section 906 of the Sarbanes-Oxley Act of 2002.

(1)        Incorporated by reference from the Form 10-SB filed by the Company on February 7, 2001

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In accordance with the requirements of the Exchange Act, the Registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.			Dated:  August 22, 2005			SEA SUN CAPITAL CORPORATION/s/ Graham Millington                          Graham Millington, President/s/ Gregory Heller                                			Gregory Heller, Chief Financial Officer

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