UNITED
STATES
 SECURITIES
AND EXCHANGE COMMISSION
 WASHINGTON,
D.C. 20549
 _______________
  FORM
10-Q
 _______________
  x
              QUARTERLY
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934
  For
the quarterly period ended March 31, 2008
  o
              TRANSITION
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934
 
 For the transition period from
______to______.
  EQUITY
VENTURES GROUP, INC.
 (Exact
name of registrant as specified in Charter
  Florida
              
              000-50868(State
      or other jurisdiction of
                incorporation
      or organization)
              
              (Commission
      File No.)
              
              (IRS
      Employee Identification No.)
 
 1314
East Las Olas Blvd., Suite 1030
 Fort
Lauderdale, Florida 33301
 (Address
of Principal Executive Offices)
 _______________
  (949)
389-8490
 (Issuer
Telephone number)
 _______________
  (Former
Name or Former Address if Changed Since Last Report)
  Check
whether the issuer (1) has filed all reports required to be filed by Section 13
or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter
period that the issuer was required to file such reports), and (2)has been
subject to such filing requirements for the past 90 days. Yes x  No
o
  Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting company filer.
 See definition of “accelerated filer” and “large accelerated filer” in
Rule 12b-2 of the Exchange Act (Check one):
  Large
Accelerated Filer o     Accelerated
Filer o     Non-Accelerated
Filer o     Smaller
Reporting Company x
 
 
 Indicate
by check mark whether the registrant is a shell company as defined in Rule 12b-2
of the Exchange Act.
 Yes x  No
o
  State the
number of shares outstanding of each of the issuer’s classes of common equity,
as of May 13, 2008: 974,000 shares of common stock.
  
 
  
  EQUITY
VENTURES GROUP, INC.
  FORM
10-Q
  March
31, 2008
  INDEX
  PART
I-- FINANCIAL INFORMATION
   
 Item
      1.
              Financial
      StatementsItem
      2.
              Management’s
      Discussion and Analysis of Financial ConditionItem
      3
              Quantitative
      and Qualitative Disclosures About Market RiskItem
      4.
              Control
      and Procedures
   PART
II-- OTHER INFORMATION
  Item
      1
              Legal
      ProceedingsItem
      2.
              Unregistered
      Sales of Equity Securities and Use of ProceedsItem
      3.
              Defaults
      Upon Senior SecuritiesItem
      4.
              Submission
      of Matters to a Vote of Security HoldersItem
      5.
              Other
      InformationItem
      6.
              Exhibits
      and Reports on Form 8-K
   SIGNATURE
   
   Item 1. Financial
Information
  
  
 EQUITY
VENTURES GROUP, INC.
 (a
development stage company)
  FINANCIAL
STATEMENTS
  AS
OF MARCH 31, 2008


CONTENTS
 
 
 PAGE
              F1
              CONDENSED
      BALANCE SHEETS AS OF MARCH 31, 2008 (UNAUDITED) AND AS OF DECEMBER 31,
      2007 (AUDITED).PAGE
              F2
              CONDENSED
      STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2008 AND
      2007 AND FOR THE PERIOD FROM DECEMBER 17, 1999 (INCEPTION) TO MARCH 31,
      2008 (UNAUDITED).PAGES
              F3
              CONDENSED
      STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY/(DEFICIENCY) FOR THE PERIOD
      FROM DECEMBER 17, 1999 (INCEPTION) TO MARCH 31, 2008
      (UNAUDITED).PAGE
              F4
              CONDENSED
      STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2008 AND
      2007 AND FOR THE PERIOD FROM DECEMBER 17, 1999 (INCEPTION) TO MARCH 31,
      2008 (UNAUDITED).PAGES
              F5
      - F8
              NOTES
      TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED).
   
   Equity
      Ventures Group, Inc.(A
      Development Stage Company)Condensed
      Balance SheetsASSETSMarch
      31, 2008
                
                
                December
      31, 2007(Unaudited)
                
                
                (Audited)Current
      AssetsCash
                
                $
                33
                
                
                $
                118Total
      Assets
                
                $
                33
                
                
                $
                118LIABILITIES AND
      STOCKHOLDERS' EQUITY/(DEFICIENCY)Current
      LiabilitiesAccounts
      payable
                
                $
                5,612
                
                
                $
                -Total
      Current Liabilities
                
                
                5,612
                
                
                
                -Commitments
      and Contingencies
                
                
                -
                
                
                
                -Stockholders'
      Equity/(Deficiency)Preferred
      stock, $0.001 par value; 10,000,000 shares authorized,none
      issued  and outstanding
                
                
                -
                
                
                
                -Common
      stock,  $0.001 par value; 100,000,000 shares
      authorized,974,000
      and 974,000 shares issued and outstanding, respectively
                
                
                974
                
                
                
                974Additional
      paid-in capital
                
                
                29,321
                
                
                
                27,821Deficit
      accumulated during the development stage
                
                
                (35,874
                )
                
                
                (28,677
                )Total
      Stockholders' Equity/(Deficiency)
                
                
                (5,579
                )
                
                
                118Total
      Liabilities and Stockholders' Equity/(Deficiency)
                
                $
                33
                
                
                $
                118
   See accompanying notes to
condensed financial statements
  F1
   Equity Ventures Group, Inc.(A
      Development Stage Company)Condensed
      Statements of Operations(Unaudited)For
      the Three Months Ended March 31,
                
                
                For
      the Period from December 17, 1999 (inception)2008
                
                
                2007
                
                
                March
      31, 2008Operating
      ExpensesProfessional
      fees
                
                
                5,481
                
                
                
                3,205
                
                
                
                48,006General
      and administrative
                
                
                1,716
                
                
                
                295
                
                
                
                6,980Total
      Operating Expenses
                
                
                7,197
                
                
                
                3,500
                
                
                
                54,986Loss
      from Operations
                
                
                (7,197
                )
                
                
                (3,500
                )
                
                
                (54,986
                )Other
      Income (Expenses)Merger
      break up fee
                
                
                -
                
                
                
                -
                
                
                
                20,000Interest
      Expense
                
                
                -
                
                
                
                (172
                )
                
                
                (888
                )Total
      Other Income (Expenses)
                
                
                -
                
                
                
                (172
                )
                
                
                19,112Provision
      for Income  Taxes
                
                
                -
                
                
                
                -
                
                
                
                -Net
      Loss
                
                $
                (7,197
                )
                
                $
                (3,672
                )
                
                $
                (35,874
                )Net
      Loss Per Share  - Basic and Diluted
                
                $
                (0.01
                )
                
                $
                (0.00
                )Weighted
      average number of shares outstandingduring
      the period - Basic and Diluted
                
                
                974,000
                
                
                
                974,000
  See accompanying notes to
condensed financial statements
   F2
  Equity Ventures Group,
      Inc.(A Development Stage
      Company)Condensed Statement of
      Changes in Stockholders' Equity/(Deficiency)For the period from
      December 17, 1999 (inception) to March 31, 2008(Unaudited)DeficitPreferred
      stock
                
                
                Common
      stock
                
                
                
                
                
                accumulated$.001
      Par Value
                
                
                $.001
      Par Value
                
                
                Additional
                
                
                during
                
                
                
                
                
                Totalpaid-in
                
                
                development
                
                
                Subscription
                
                
                Stockholder'sShares
                
                
                Amount
                
                
                Shares
                
                
                Amount
                
                
                capital
                
                
                stage
                
                
                Receivable
                
                
                DeficiencyBalance
      December 16, 1999 (Inception)
                
                
                -
                
                
                $
                -
                
                
                
                -
                
                
                $
                -
                
                
                $
                -
                
                
                $
                -
                
                
                $
                -
                
                
                $
                -Common
      stock issued to founders for cash ($0.001 per share)
                
                
                -
                
                
                
                -
                
                
                
                1,000,000
                
                
                
                1,000
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                1,000In-kind
      contribution
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                79
                
                
                
                -
                
                
                
                -
                
                
                
                79Net
      loss for the period December 17, 1999 (inception to December 31,
      1999)
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                (79
                )
                
                
                -
                
                
                
                (79
                )Balance
      December 31, 1999
                
                
                -
                
                
                
                -
                
                
                
                1,000,000
                
                
                
                1,000
                
                
                
                79
                
                
                
                (79
                )
                
                
                -
                
                
                
                1,000Common
      stock issued for subscription receivable ($0.001 per
share)
                
                
                -
                
                
                
                -
                
                
                
                1,500,000
                
                
                
                1,500
                
                
                
                -
                
                
                
                -
                
                
                
                (1,500
                )
                
                
                -In-kind
      contribution
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                10,079
                
                
                
                -
                
                
                
                -
                
                
                
                10,079Net
      loss, 2000
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                (11,029
                )
                
                
                -
                
                
                
                (11,029
                )Balance
      December 31, 2000
                
                
                -
                
                
                
                -
                
                
                
                2,500,000
                
                
                
                2,500
                
                
                
                10,158
                
                
                
                (11,108
                )
                
                
                (1,500
                )
                
                
                50In-kind
      contribution
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                79
                
                
                
                -
                
                
                
                -
                
                
                
                79Stock
      subscription cancelled
                
                
                -
                
                
                
                -
                
                
                
                (1,500,000
                )
                
                
                (1,500
                )
                
                
                -
                
                
                
                -
                
                
                
                1,500
                
                
                
                -In-kind
      contribution of stock
                
                
                -
                
                
                
                -
                
                
                
                (200,000
                )
                
                
                (200
                )
                
                
                200
                
                
                
                -
                
                
                
                -
                
                
                
                -Net
      loss, 2001
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                (129
                )
                
                
                -
                
                
                
                (129
                )Balance
      December 31, 2001
                
                
                -
                
                
                
                -
                
                
                
                800,000
                
                
                
                800
                
                
                
                10,437
                
                
                
                (11,237
                )
                
                
                -
                
                
                
                -In-kind
      contribution
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                79
                
                
                
                -
                
                
                
                -
                
                
                
                79Net
      loss, 2002
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                (79
                )
                
                
                -
                
                
                
                (79
                )Balance
      December 31, 2002
                
                
                -
                
                
                
                -
                
                
                
                800,000
                
                
                
                800
                
                
                
                10,516
                
                
                
                (11,316
                )
                
                
                -
                
                
                
                -Common
      stock issued for cash ($0.10 per share)
                
                
                -
                
                
                
                -
                
                
                
                174,000
                
                
                
                174
                
                
                
                17,226
                
                
                
                -
                
                
                
                -
                
                
                
                17,400In-kind
      contribution
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                79
                
                
                
                -
                
                
                
                -
                
                
                
                79Net
      loss, 2003
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                (1,094
                )
                
                
                -
                
                
                
                (1,094
                )Balance
      December 31, 2003
                
                
                -
                
                
                
                -
                
                
                
                974,000
                
                
                
                974
                
                
                
                27,821
                
                
                
                (12,410
                )
                
                
                -
                
                
                
                16,385In-kind
      contribution
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -Net
      loss, 2004
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                (5,988
                )
                
                
                -
                
                
                
                (5,988
                )Balance
      December 31, 2004
                
                
                -
                
                
                
                -
                
                
                
                974,000
                
                
                
                974
                
                
                
                27,821
                
                
                
                (18,398
                )
                
                
                -
                
                
                
                10,397In-kind
      contribution
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -Net
      loss, 2005
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                (8,438
                )
                
                
                -
                
                
                
                (8,438
                )Balance,
      December 31, 2005
                
                
                -
                
                
                $
                -
                
                
                
                974,000
                
                
                $
                974
                
                
                $
                27,821
                
                
                $
                (26,836
                )
                
                $
                -
                
                
                $
                1,959Net
      loss, 2006
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                (10,235
                )
                
                
                -
                
                
                
                (10,235
                )Balance,
      December 31, 2006
                
                
                -
                
                
                
                -
                
                
                
                974,000
                
                
                
                974
                
                
                
                27,821
                
                
                
                (37,071
                )
                
                
                -
                
                
                
                (8,276
                )Net
      Income, 2007
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                8,394
                
                
                
                -
                
                
                
                8,394Balance,
      December 31, 2007
                
                
                -
                
                
                
                -
                
                
                
                974,000
                
                
                
                974
                
                
                
                27,821
                
                
                
                (28,677
                )
                
                
                -
                
                
                
                118In-kind
      contribution of Services
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                1,500
                
                
                
                -
                
                
                
                -
                
                
                
                1,500Net
      loss for the quarter ended March 31, 2008
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                (7,197
                )
                
                
                -
                
                
                
                (7,197
                )Balance,  for
      the quarter ended March 31, 2008
                
                
                -
                
                
                $
                -
                
                
                
                974,000
                
                
                $
                974
                
                
                $
                29,321
                
                
                $
                (35,874
                )
                
                $
                -
                
                
                $
                (5,579
                )
   See accompanying notes to
condensed financial statements
   F3
  Equity Ventures Group, Inc.(A
      Development Stage Company)Condensed
      Statements of Cash Flows(Unaudited)For
      the Three Months Ended March 31,
                
                
                For
      the Period from December 17, 1999 (Inception) to
                  March 31,2008
                
                
                2007
                
                
                2008Cash
      Flows From Operating Activities:Net
      (Loss) Income
                
                $
                (7,197
                )
                
                $
                (3,672
                )
                
                $
                (35,874
                )Adjustments
      to reconcile net loss to net cash used in operationsIn-kind
      contribution
                
                
                1,500
                
                
                
                -
                
                
                
                11,895Changes
      in operating assets and liabilities:Increase/(Decrease)
      in accrued expenses
                
                
                -
                
                
                
                172
                
                
                
                -Increase/(Decrease)
      in accounts payable
                
                
                5,612
                
                
                
                1,692
                
                
                
                5,612Net
      Cash Provided by (Used In) Operating Activities
                
                
                (85
                )
                
                
                (1,808
                )
                
                
                (18,367
                )Cash
      Flows From Financing Activities:Proceeds
      from stockholder's loans
                
                
                -
                
                
                
                -
                
                
                
                15,000Repayment
      of stockholder's loans
                
                
                -
                
                
                
                -
                
                
                
                (15,000
                )Proceeds
      from issuance of common stock
                
                
                -
                
                
                
                -
                
                
                
                18,400Net
      Cash Provided by Financing Activities
                
                
                -
                
                
                
                -
                
                
                
                18,400Net
      Increase (Decrease) in Cash
                
                
                (85
                )
                
                
                (1,808
                )
                
                
                33Cash
      at Beginning of Period
                
                
                118
                
                
                
                5,017
                
                
                
                -Cash
      at End of Period
                
                $
                33
                
                
                $
                3,209
                
                
                $
                33Supplemental
      disclosure of cash flow information:Cash
      paid for interest
                
                $
                -
                
                
                $
                -
                
                
                $
                -Cash
      paid for taxes
                
                $
                -
                
                
                $
                -
                
                
                $
                -
  See accompanying notes to
condensed financial statements
     F4
 EQUITY
VENTURES GROUP, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO CONDENSED FINANCIAL STATEMENTS
 AS OF MARCH 31,
2008
 (UNAUDITED)
   NOTE
      1
              SUMMARY OF SIGNIFICANT
      ACCOUNTING POLICIES AND
ORGANIZATION
 
 (A) Basis of
Presentation
 
 The
accompanying unaudited condensed financial statements have been prepared in
accordance with accounting principles generally accepted in The United States of
America and the rules and regulations of the Securities and Exchange Commission
for interim financial information.  Accordingly, they do not include
all the information necessary for a comprehensive presentation of financial
position and results of operations.
 
 It is
management's opinion, however that all material adjustments (consisting of
normal recurring adjustments) have been made which are necessary for a fair
financial statements presentation.  The results for the interim period
are not necessarily indicative of the results to be expected for the
year.
 
 Activities
during the development stage include developing the business plan and raising
capital.
 
 (B) Use of
Estimates
 
 In
preparing financial statements in conformity with generally accepted accounting
principles, management is required to make estimates and assumptions that affect
the reported amounts of assets and liabilities and the disclosure of contingent
assets and liabilities at the date of the financial statements and revenues and
expenses during the reported period.  Actual results could differ from
those estimates.
 
 (C) Cash and Cash
Equivalents
 
 For
purposes of the cash flow statements, the Company considers all highly liquid
investments with original maturities of three months or less at the time of
purchase to be cash equivalents.
 
 (D) Loss Per
Share
 
 Basic and
diluted net loss per common share is computed based upon the weighted average
common shares outstanding as defined by Financial Accounting Standards No. 128,
“Earnings per Share.”  As of March 31, 2008 and 2007, and for the
period from December 17, 1999 (inception) to March 31, 2008, respectively, there
were no common share equivalents outstanding.
 
 F5
 EQUITY
VENTURES GROUP, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO CONDENSED FINANCIAL STATEMENTS
 AS OF MARCH 31,
2008
 (UNAUDITED)
 (E) Income
Taxes
 
 The
Company accounts for income taxes under the Statement of Financial Accounting
Standards No. 109, “Accounting for Income Taxes” (“Statement
109”).  Under Statement 109, deferred tax assets and liabilities are
recognized for the future tax consequences attributable to 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.  Under Statement 109, the effect on deferred tax assets and
liabilities of a change in tax rates is recognized in income in the period that
includes the enactment date.
 
 (F) Business
Segments
 
 The
Company operates in one segment and therefore segment information is not
presented.
 
  
 F6
  EQUITY
VENTURES GROUP, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO CONDENSED FINANCIAL STATEMENTS
 AS OF MARCH 31,
2008
 (UNAUDITED)
  (G)
Recent Accounting Pronouncements
 In March
2008, the FASB issued SFAS No. 161, “Disclosures about Derivative
Instruments and Hedging Activities, an amendment of FASB Statement No. 133”
(SFAS161). This statement is intended
to improve transparency in financial reporting by requiring enhanced disclosures
of an entity’s derivative instruments and hedging activities and their effects
on the entity’s financial position, financial performance, and cash flows.SFAS161 applies to all derivative
instruments within the scope of SFAS 133, “Accounting for Derivative Instruments
and Hedging Activities” (SFAS 133) as well as related hedged items, bifurcated
derivatives, and nonderivative instruments that are designated and qualify as
hedging instruments. Entities with instruments subject toSFAS161 must provide more robust
qualitative disclosures and expanded quantitative disclosures.SFAS161 is effective prospectively for
financial statements issued for fiscal years and interim periods beginning after
November 15, 2008, with early application permitted. We are currently
evaluating the disclosure implications of this statement.
 
 NOTE
      2
              STOCKHOLDERS’
      EQUITY/(DEFICIENCY)
 
 (A) Common Stock Issued for
Cash
 
 On
December 17, 1999, the Company issued 1,000,000 shares of common stock to its
founders for cash of $1,000 ($0.001 per share).
 
 During
2003, the Company issued 174,000 shares of common stock for cash of $17,400
($0.10 per share).
 
 (B) Common Stock Issued for
Subscription Receivable
 
 During
2000, the Company issued 1,500,000 shares of common stock for a subscription
receivable of $1,500 ($0.001 per share).  During 2001, the Company
cancelled the shares for non-payment of the subscription
receivable.
 
 (C) In-Kind Contribution of
Stock
 
 During
2001, a stockholder of the Company returned 200,000 shares of common stock to
the Company.
 
 (D) In-Kind
Contribution
 
 During
2003, 2002, 2001, 2000 and 1999, the stockholder of the Company paid $79, $79,
$79, $10,079 and $79, respectively, of operating expenses on behalf of the
Company (See Note 3).
  During
2008, the Company recorded additional paid-in capital of $ 1,500 for the fair
value of services provided to the Company by its president.
   F7
 EQUITY
VENTURES GROUP, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO CONDENSED FINANCIAL STATEMENTS
 AS OF MARCH 31,
2008
 (UNAUDITED)
 
 (E) Amendment to Articles of
Incorporation
 
 During
2003, the Company amended its Articles of Incorporation to provide for an
increase in its authorized share capital. The authorized capital stock increased
to 100,000,000 common shares at a par value of $0.001 per share, and 10,000,000
preferred shares at a par value of $0.001 with class and series designations,
voting rights, and relative rights and preferences to be determined by the Board
of Directors of the Company from time to time.
 
 NOTE
      3
              RELATED PARTY
      TRANSACTIONS
 
 A
stockholder of the Company paid $10,395 of expenses on behalf of the Company
from inception (See Note 2).
 
 On June
27, 2007, the Company received $5,000 from a principal
stockholder.  Pursuant to the terms of the loan, the advance bears
interest at 7%, is unsecured and matures on June 27, 2008.
 
 During
2006, the Company received $10,000 from a principal stockholder. Pursuant to the
terms of the loan, the advance bears interest at 7%, is unsecured and matures on
August 2, 2007.
 
 On
November 13, 2007, the $15,000 loan plus $888 of accrued interest was
repaid.
 
 NOTE
      4
              LETTER OF
      INTENT
 
 On
November 4, 2007, the Company entered into a non-binding letter of intent with
USASIA.  Pursuant to the letter of intent, the Company received a
$20,000 deposit in consideration for exclusivity on this
transaction.  Such deposit became non-refundable after the due
diligence period ended on November 9, 2007.  The parties were required
to enter into a definitive agreement no later than November 9,
2007.  The parties did not enter into a definitive agreement by such
date and to date no agreement has been reached.  The Company retained
the non-refundable deposit in accordance with the letter of intent.
 
 NOTE
      5
              GOING
      CONCERN
 
 As
reflected in the accompanying unaudited financial statements, the Company is in
the development stage with no operations, has a net loss of $35,874 for the
period from December 17, 1999 (inception) to March 31, 2008, a working capital
deficiency of $5,579 and stockholders’ deficiency of $5,579 at March
31, 2008, and has a negative cash flow from operations of $18,367 from
inception. This raises substantial doubt about its ability to continue as a
going concern. The ability of the Company to continue as a going concern is
dependent on the Company’s ability to raise additional capital and implement its
business plan. The financial statements do not include any adjustments that
might be necessary if the Company is unable to continue as a going
concern.
 
 Management
believes that actions presently being taken to obtain additional funding and
implement its strategic plans provide the opportunity for the Company to
continue as a going concern.






F8






ITEM
2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
 
 We intend
to enter into a business combination with a target company in exchange for cash
and/or our securities. As of the initial filing date of this Registration
Statement, neither our officer and director nor any affiliate has engaged in any
negotiations with any representative of any specific entity regarding the
possibility of a business combination with us.
  Management
anticipates seeking out a target company through solicitation. Such solicitation
may include newspaper or magazine advertisements, mailings and other
distributions to law firms, accounting firms, investment bankers, financial
advisors and similar persons, the use of one or more World Wide Websites and
similar methods. No estimate can be made as to the number of persons who will be
contacted or solicited. Management may engage in such solicitation directly or
may employ one or more other entities to conduct or assist in such solicitation.
Management and its affiliates will pay referral fees to consultants and others
who refer target businesses for mergers into public companies in which
management and its affiliates have an interest. Payments are made if a business
combination occurs, and may consist of cash or a portion of the stock in the
Company retained by management and its affiliates, or both.
  We have
entered into a verbal agreement with Peter Goldstein to supervise the search for
target companies as potential candidates for a business combination. Peter
Goldstein will pay his own expenses and any costs he incurs in supervising
the search for a target company. Peter Goldstein anticipates that he may enter
into agreements with other consultants to assist in locating a target company
and may share stock received by it or cash resulting from the sale of its
securities with such other consultants.
  We have
no full time employees. Our president has agreed to allocate a portion of her
time to the activities of the Company, without compensation. The president
anticipates that our business plan can be implemented by her devoting no more
than 10 hours per month to the business affairs of the Company and,
consequently, conflicts of interest may arise with respect to the limited time
commitment by such officer.
  Our
Certificate of Incorporation provides that we may indemnify our officers and/or
directors for liabilities, which can include liabilities arising under the
securities laws. Therefore, our assets could be used or attached to satisfy any
liabilities subject to such indemnification.
 
 Results of
Operation
  We did
not have any operating income from inception through March 31, 2008. From
inception through the period ended March 31, 2008, we recognized a net loss from
operations of $35,874. For the three months ended March 31, 2008, we recognized
a net loss from operations of $7,197. Expenses for the three months were
comprised of costs mainly associated with legal, accounting and
office.
  On
November 4, 2007, we entered into a non-binding letter of intent with
USASIA.  Pursuant to the letter of intent, we received a $20,000
deposit in consideration for exclusivity on this transaction.  Such
deposit became non-refundable after the due diligence period ended on November
9, 2007.  The parties were required to enter into a definitive
agreement no later than November 9, 2007.  The parties did not enter
into a definitive agreement by such date and to date no agreement has been
reached.  We retained the non-refundable deposit in accordance with
the letter of intent.
  Liquidity and Capital
Resources
  At March
31, 2008, we had cash of $33. Therefore we have limited capital resources and
will rely upon the issuance of common stock and additional capital contributions
from shareholders to fund administrative expenses pending acquisition of an
operating company. In the event such efforts are unsuccessful, contingent plans
have been arranged to provide that our current director is to fund required
future filings under the 1934 Act, and existing shareholders have expressed an
interest in additional funding if necessary to continue as a going
concern.
  We
currently do not have enough cash to satisfy our minimum cash requirements for
the next twelve months.   As reflected in the accompanying
financial statements, we are in the development stage with limited operations.
This raises substantial doubt about our ability to continue as a going concern.
Our ability to continue as a going concern is dependent on our ability to raise
additional capital. The financial statements do not include any adjustments that
might be necessary if we are unable to continue as a going concern.
   
  Plan of
Operation
  During
the next twelve months, the Company will actively seek out and investigate
possible business opportunities with the intent to acquire or merge with one or
more business ventures. In its search for business opportunities, management
will follow the procedures outlined in Item 1 above. Because the Company has
limited funds, it may be necessary for the sole officer and director to either
advance funds to the Company or to accrue expenses until such time as a
successful business consolidation can be made.
  The
Company will not make it a condition that the target company must repay funds
advanced by its officers and directors. Management intends to hold expenses to a
minimum and to obtain services on a contingency basis when possible. However, if
the Company engages outside advisors or consultants in its search for business
opportunities, it may be necessary for the Company to attempt to raise
additional funds. As of the date hereof, the Company has not made any
arrangements or definitive agreements to use outside advisors or consultants or
to raise any capital. In the event the Company does need to raise capital most
likely the only method available to the Company would be the private sale of its
securities. Because of the nature of the Company as a development stage company,
it is unlikely that it could make a public sale of securities or be able to
borrow any significant sum from either a commercial or private lender. There can
be no assurance that the Company will able to obtain additional funding when and
if needed, or that such funding, if available, can be obtained on terms
acceptable to the Company.
  The
Company does not intend to use any employees, with the possible exception of
part-time clerical assistance on an as-needed basis. Outside advisors or
consultants will be used only if they can be obtained for minimal cost or on a
deferred payment basis. Management is convinced that it will be able to operate
in this manner and to continue its search for business opportunities during the
next twelve months.
  Critical Accounting
Policies
  Equity
Ventures’ financial statements and related public financial information are
based on the application of accounting principles generally accepted in the
United States (“GAAP”). GAAP requires the use of estimates; assumptions,
judgments and subjective interpretations of accounting principles that have an
impact on the assets, liabilities, revenue and expense amounts reported. These
estimates can also affect supplemental information contained in our external
disclosures including information regarding contingencies, risk and financial
condition. We believe our use if estimates and underlying accounting assumptions
adhere to GAAP and are consistently and conservatively applied. We base our
estimates on historical experience and on various other assumptions that we
believe to be reasonable under the circumstances. Actual results may differ
materially from these estimates under different assumptions or conditions. We
continue to monitor significant estimates made during the preparation of our
financial statements.
  Our
significant accounting policies are summarized in Note 1 of our financial
statements. While all these significant accounting policies impact its financial
condition and results of operations, Equity Ventures views certain of these
policies as critical. Policies determined to be critical are those policies that
have the most significant impact on Equity Ventures’ financial statements and
require management to use a greater degree of judgment and estimates. Actual
results may differ from those estimates. Our management believes that given
current facts and circumstances, it is unlikely that applying any other
reasonable judgments or estimate methodologies would cause effect on
our  results of operations, financial position or liquidity for the
periods presented in this report.
    
  Recent
Accounting Pronouncements
  In March
2008, the FASB issued SFAS No. 161, “Disclosures about Derivative Instruments
and Hedging Activities, an amendment of FASB Statement No. 133” (SFAS161). This statement is intended to
improve transparency in financial reporting by requiring enhanced disclosures of
an entity’s derivative instruments and hedging activities and their effects on
the entity’s financial position, financial performance, and cash flows.SFAS161 applies to all derivative
instruments within the scope of SFAS 133, “Accounting for Derivative Instruments
and Hedging Activities” (SFAS 133) as well as related hedged items, bifurcated
derivatives, and nonderivative instruments that are designated and qualify as
hedging instruments. Entities with instruments subject toSFAS161 must provide more robust
qualitative disclosures and expanded quantitative disclosures.SFAS161 is effective prospectively for
financial statements issued for fiscal years and interim periods beginning after
November 15, 2008, with early application permitted. We are currently evaluating
the disclosure implications of this statement.
 Off Balance Sheet
Transactions
 
 None.
  Item
3. Quantitative and Qualitative Disclosures About Market Risk
 
 The
Company is subject to certain market risks, including changes in interest rates
and currency exchange rates.  The Company does not undertake any specific
actions to limit those exposures.
 
 Item
4T.  Controls and Procedures
 
 Pursuant
to Rule 13a-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”),
the Company carried out an evaluation, with the participation of the Company’s
management, including the Company’s Chief Executive Officer (“CEO”) and Chief
Accounting Officer (“CAO”) (the Company’s principal financial and accounting
officer), of the effectiveness of the Company’s disclosure controls and
procedures (as defined under Rule 13a-15(e) und er the Exchange Act) as of the
end of the period covered by this report. Based upon that evaluation, the
Company’s CEO and CAO concluded that the Company’s disclosure controls and
procedures are effective to ensure that information required to be disclosed by
the Company in the reports that the Company files or submits under the Exchange
Act, is recorded, processed, summarized and reported, within the time periods
specified in the SEC’s rules and forms, and that such information is accumulated
and communicated to the Company’s management, including the Company’s CEO and
CAO, as appropriate, to allow timely decisions regarding required
disclosure.
 
 Management’s Report on
Internal Controls over Financial Reporting
 
 Internal
control over financial reporting is a process to provide reasonable assurance
regarding the reliability of consolidated financial reporting and the
preparation of financial statements for external purposes in accordance with
U.S. generally accepted accounting principles.  There has been no change in
the Company’s internal control over financial reporting during the quarter ended
March 31, 2008 that has materially affected, or is reasonably likely to
materially affect, the Company’s internal control over financial
reporting.
  The
Company’s management, including the Company’s CEO and CAO, does not expect that
the Company’s disclosure controls and procedures or the Company’s internal
controls will prevent all errors and all fraud. A control system, no matter how
well conceived and operated, can provide only reasonable, not absolute,
assurance that the objectives of the control system are 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 the
controls can provide absolute assurance that all control issues and instances of
fraud, if any, within the Company have been detected.
 
 Management
conducted an evaluation of the effectiveness of our internal control over
financial reporting based on the framework in Internal Control – Integrated
Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission. Based on this evaluation, management concluded that the
company’s internal control over financial reporting was effective as of March
31, 2008.
 
 This
quarterly report does not include an attestation report of the Company's
registered public accounting firm regarding internal control over financial
reporting. Management's report was not subject to attestation by the Company's
registered public accounting firm pursuant to temporary rules of the Securities
and Exchange Commission that permit the Company to provide only management's
report in this quarterly report.
   
  
 
  PART
II - OTHER INFORMATION
  Item
1. Legal Proceedings.
  Currently
we are not aware of any litigation pending or threatened by or against the
Company.
  Item
2. Unregistered Sales of Equity Securities and Use of Proceeds
  None.
 
  Item
3. Defaults Upon Senior Securities.
  None
  Item
4. Submission of Matters to a Vote of Security Holders.
  None.
  Item
5. Other Information.
  None
  Item
6. Exhibits and Reports of Form 8-K.
  (a)           Exhibits
  31.1
Certifications pursuant to Section 302 of Sarbanes Oxley Act of
2002
  32.1
Certifications pursuant to Section 906 of Sarbanes Oxley Act of
2002
  (b)           Reports
of Form 8-K
  None.
  SIGNATURES
  Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
  
  EQUITY
      VENTURES GROUP, INC.Date:
      May 13, 2008
              By:
              /s/
      Colette KimColette
      KimPresident,
      Secretary and Director