U.S. 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 the quarterly period ended March 31, 2006 o
        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ Commission File No. 000-50868 _______________ EQUITY VENTURES GROUP, INC. (Exact name of small business issuer as specified in its charter) _______________  Florida
        65-0995426(State or other jurisdiction ofincorporation or organization)
        (I.R.S. Employer Identification No.)  1314 E. Las Olas Blvd., Ste 1030 Fort Lauderdale, FL 33301 (Address of principal executive offices)(Zip Code)  949-387-8490 (Registrants telephone no., including area code  (Former name, address and fiscal year, 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. YesxNoo  Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act. YesxNoo  State the number of shares outstanding of each of the issuers classes of common equity, as of May 15, 2006: 974,000 shares of common stock.       EQUITY VENTURES GROUP, INC.

FINANCIAL STATEMENTS

INDEX

Part I-- FINANCIAL INFORMATION


Item 1. Financial StatementsItem 2. Managements Discussion and Analysis of Financial ConditionItem 3. Control and ProceduresPart II-- OTHER INFORMATION


Item 1. Legal ProceedingsItem 2. Changes in SecuritiesItem 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-KSIGNATURE























Item 1.
        Financial Information

BASIS OF PRESENTATION



The accompanying reviewed financial statements are presented in accordance with generally accepted accounting principles for interim financial information and the instructions to Form 10-QSB and item 310 under subpart A of Regulation S-B. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting only of normal occurring accruals) considered necessary in order to make the financial statements not misleading, have been included. Operating results for the three months ended March 31, 2006 are not necessarily indicative of results that may be expected for the year ending December 31, 2006. The financial statements are presented on the accrual basis.



































EQUITY VENTURES GROUP, INC.

(A DEVELOPMENT STAGE COMPANY)





CONTENTS






PAGE
        1
        CONDENSED BALANCE SHEET AS OF MARCH 31, 2006 (UNAUDITED)PAGE
        2
        CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2006 AND 2005 AND FOR THE PERIOD FROM DECEMBER 17, 1999 (INCEPTION) TO MARCH 31, 2006 (UNAUDITED)PAGES
        3 - 4
        CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS DEFICIENCY FOR THE PERIOD FROM DECEMBER 17, 1999 (INCEPTION) TO MARCH 31, 2006 (UNAUDITED)PAGE
        5
        CONDENSED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2006 AND 2005 AND FOR THE PERIOD FROM DECEMBER 17, 1999 (INCEPTION) TO MARCH 31, 2006 (UNAUDITED)PAGES
        6 - 8
        NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)





EQUITY VENTURES GROUP, INC.(A DEVELOPMENT STAGE COMPANY)BALANCE SHEETMARCH 31, 2006(UNAUDITED)ASSETSCURRENT ASSETSCash
        
        $
        3,828Total Current Assets
        
        3,828TOTAL ASSETS
        $
        3,828LIABILITIES AND STOCKHOLDERS DEFICIENCYCURRENT LIABILITIESAccounts payable
        $
        5,991Total Current Liabilities
        
        5,991COMMITMENTS AND CONTINGENCIESSTOCKHOLDERS DEFICIENCYPreferred 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 shares issued and outstanding
        
        974Additional paid-in capital
        
        27,821Deficit accumulated during the development stage
        
        (30,958)Total Stockholders Deficiency
        
        (2,163)TOTAL LIABILITIES AND STOCKHOLDERS DEFICIENCY
        $
        3,828

See accompanying notes to unaudited financial statements.



1





EQUITY VENTURES GROUP, INC.(A DEVELOPMENT STAGE COMPANY)STATEMENTS OF OPERATIONS(UNAUDITED)For the Period FromFor the Three
        
        For the Three
        
        December 17, 1999Months Ended
        
        Months Ended
        
        (Inception) toMarch 31, 2006
        
        March 31, 2005
        
        March 31, 2006REVENUE
        $                     -
        
        $                       -
        
        $                               -OPERATING EXPENSESProfessional fees
        3,420
        
        3,500
        
        27,698General and administrative
        702
        
        274
        
        3,260Total Operating Expenses
        4,122
        
        3,774
        
        30,958LOSS FROM OPERATIONS
        (4,122)
        
        (3,774)
        
        (30,958)NET LOSS
        $            (4,122)
        
        $            (3,774)
        
        $                  (30,958)NET LOSS PER SHARE -BASIC AND DILUTED
        $              (0.00)
        
        $              (0.00)
        
        $                      (0.03)WEIGHTED AVERAGE NUMBER OFSHARES OUTSTANDING DURINGTHE PERIOD - BASIC AND DILUTED
        974,000
        
        974,000
        
        1,156,241



See accompanying notes to unaudited financial statements.



2






EQUITY VENTURES GROUP, INC.(A DEVELOPMENT STAGE COMPANY)STATEMENT OF CHANGES IN STOCKHOLDERS DEFICIENCYFOR THE PERIOD FROM DECEMBER 17, 1999 9INCEPTION) TO MARCH 31, 2006(UNAUDITED)Preferred Stock
        Common Stock
        
        Deficit$.001 Par Value
        $.001 Par Value
        Additional
        Accumulated 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)
        -
        -See accompanying notes to unaudited financial statements.3



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, March 31, 2006
        -
        -
        -
        -
        -
        (4,122)
        -
        (4,122)BALANCE, MARCH 31, 2006
        -
        -
        974,000
        974
        27,821
        (30,958)
        -
        (2,163)See accompanying notes to unaudited financial statements.4




EQUITY VENTURES GROUP, INC.(A DEVELOPMENT STAGE COMPANY)STATEMENTS OF CASH FLOWS(UNAUDITED)For the Period FromFor the Three
        
        For the Three
        
        December 17, 1999Months Ended
        
        Months Ended
        
        (Inception) toMarch 31, 2006
        
        March 31, 2005
        
        March 31, 2006Cash Flows From Operating Activities:Net Loss
        $            (4,122)
        
        $            (3,774)
        
        $                 (30,958)Adjustments to reconcile net loss to net cash used in operationsIn-kind contribution
        -
        
        -
        
        10,395Changes in operating assets and liabilities:Increase in prepaid expenses
        -
        
        3,000
        
        -Decrease in accounts payable
        4,092
        
        -
        
        5,991Net Cash Used In Operating Activities
        (30)
        
        (774)
        
        (14,572)Cash Flows From Investing Activities
        -
        
        -
        
        -Cash Flows From Financing Activities:Proceeds from issuance of common stock
        -
        
        -
        
        18,400Net Cash Provided by Financing Activities
        -
        
        -
        
        18,400Net Increase (Decrease) in Cash
        (30)
        
        (774)
        
        3,828CASH AT BEGINNING OF PERIOD
        3,858
        
        10,397
        
        -CASH AT END OF PERIOD
        $              3,828
        
        $              9,623
        
        $                    3,828SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Cash paid for interest
        $                     -
        
        $                     -
        
        $                            -Cash paid for taxes
        $                     -
        
        $                     -
        
        $                            -



See accompanying notes to unaudited financial statements.



5




EQUITY VENTURES GROUP, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

AS OF MARCH 31, 2006

(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.



(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) 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, 2006 and 2005, there were no common share equivalents outstanding.



(D) 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.







6



EQUITY VENTURES GROUP, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

AS OF MARCH 31, 2006

(UNAUDITED)







(E) Business Segments



The Company operates in one segment and therefore segment information is not presented.




NOTE 2
        STOCKHOLDERS 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).



(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.







7



EQUITY VENTURES GROUP, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

AS OF MARCH 31, 2006

(UNAUDITED)








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).




NOTE 4
        GOING CONCERN

As reflected in the accompanying unaudited financial statements, the Company is in the development stage with no operations. 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.





8






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

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 as his own expenses 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, 2006. From inception through the quarter ended March 31, 2006,
we recognized a net loss of $30,958. For the three months ended March 31, 2006, we recognized a net loss of $4,122. Expenses for the
year were comprised of costs mainly associated with legal, accounting and office.



Liquidity and Capital Resources



At March 31, 2006, we had cash of $3,828. 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 be 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 consolidated 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 consolidated results of operations, financial position or liquidity for the periods presented in this report.




Item 3.
        Controls and Procedures

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), as of March 31, 2006. Based on this evaluation, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commissions rules and forms and that our disclosure and controls are designed to ensure that information required to be disclosed by us in the
reports that we file or submit under the Exchange Act is accumulated and communicated



to our management, including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.



There were no changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal controls over financial reporting that occurred during the first quarter of fiscal 2006 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

The Company is currently not a party to any pending legal proceedings and no such action by, or to the best of its knowledge, against the Company has been threatened.



Item 2. Changes in Securities.

None

Item 3. Defaults Upon Senior Securities.

None

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

No matter was submitted during the quarter ending March 31, 2006, covered by this report to a vote of the Companys shareholders, through the solicitation of proxies or otherwise.



Item 5. Other Information.

None

Item 6. Exhibits and Reports of Form 8-K.

(a) Exhibits

31.1 Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002

32.1 Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002

(b) Reports of Form 8-K

None

SIGNATURES



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



EQUITY VENTURES GROUP, INC.



By: /s/ Colette Kim

Colette Kim,

President, Chief Executive Officer,

Chief Financial Officer, Secretary &

Director



May 15, 2006