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

[x]     Quarterly Report Pursuant to Section 13 or 15(d) Securities
Exchange Act of 1934 for Quarterly Period Ended March 31, 2006

-OR-

[ ]     Transition Report Pursuant to Section 13 or 15(d) of the
Securities And Exchange Act of 1934 for the transaction period from
_________  to________

Commission File Number             333-123910


        Proguard Acquisition Corp.
--------------------------------------------
   (Exact name of registrant as specified in its charter)


   FLORIDA                      33-1093761
--------------------------------------------
(State or other jurisdiction    (I.R.S. Employer Identification Number)
of incorporation or organization

3040 E. Commercial Blvd.
Ft. Lauderdale, FL                33308
--------------------------------------------
     (Address of principal executive offices, Zip Code)

           954-491-0704
--------------------------------------------
    (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).

Yes  [   ]      No [ x ]

Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
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 [   ]

The number of outstanding shares of the registrant's common stock,
March 31, 2006:  Common Stock  -  2,350,000





<PAGE>2


 PART I -- FINANCIAL INFORMATION


Item 1.   Consolidated Financial Statements                    Page
                                                               ----

Consolidated Balance Sheet,
   March 31, 2006(unaudited)                                     3
Consolidated Statements of Operations for the
   Three months ended March 31, 2006 and 2005
   (unaudited)                                                   4
Consolidated Statements of Cash Flows for the
   three months ended March 31, 2006
   and 2005 (unaudited)                                          5-6
Notes to consolidated financial statements                       7

Item 2.   Management?s Discussion and
           Analysis or Plan of Operation                         8

Item 3.   Controls and Procedures                               10

PART II ? OTHER INFORMATION

Item 1.   Legal Proceedings                                     10

Item 2.   Unregistered Sales of Equity Securities
           and Use of Proceeds                                  10

Item 3.   Default Upon Senior Securities                        10

Item 4.   Submission of Matters to a Vote of
           Security Holders                                     10

Item 5.   Other Information                                     10

Item 6.   Exhibits                                              10

Signatures                                                      11




<PAGE>3
                      PROGUARD ACQUISITION CORP.
                      CONSOLIDATED BALANCE SHEET
                            MARCH 31, 2006
                              (UNAUDITED)

                                ASSETS
Current assets:
  Cash                                                     $   72,840
  Cash ? restricted                                           361,952
  Accounts receivable, net of allowance for doubtful
   accounts of $4,092                                         184,895
  Inventory                                                    49,522
  Prepaid expenses                                              3,040
                                                           ----------
    Total Current Assets                                      672,249

PROPERTY AND EQUIPMENT, net of accumulated depreciation        23,672

PURCHASED CONTRACTS, net of accumulated amortization           55,244

DEFERRED TAX ASSET                                              8,347
                                                           ----------
         TOTAL ASSETS                                      $  759,512
                                                           ==========

                  LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Line of credit                                           $   35,329
  Notes payable, related party                                135,000
  Accounts payable                                             34,641
  Accrued expenses                                             20,820
  Deferred revenue                                             68,426
  Retainage payable                                             7,958
  Deposits                                                    361,990
                                                           ----------
    Total Current Liabilities                                 664,164
                                                           ----------
Stockholders' equity:
  Preferred stock, $0.001 par value, 5,000,000 shares
    authorized, no shares issued or outstanding                     -
  Common stock, $0.001 par value, 50,000,000 shares
      authorized, 2,350,000 shares issued and outstanding       2,350
  Additional Paid in capital                                  151,849
  Accumulated deficit                                         (58,851)
                                                           ----------
                                                               95,348
                                                           ----------
          TOTAL LIABILITIES AND STOCKHOLDERS? EQUITY       $  759,512
                                                           ==========

See accompanying notes to the unaudited consolidated financial statements.



<PAGE>4

                      PROGUARD ACQUISITION CORP.
                 CONSOLIDATED STATEMENTS OF OPERATIONS
           FOR THE THREE MONTHS ENDED MARCH 31, 2006 and 2005
                              (UNAUDITED)

                                                 2006         2005
                                              ----------   ----------
SALES
  Equipment & installation                    $  207,443   $  101,083
  Monitoring                                      63,120       44,965
  Services                                        36,935       17,898
                                              ----------   ----------
                                                 307,498      163,946
                                              ----------   ----------
COST OF SALES
  Equipment & installation                        52,025       22,482
  Monitoring                                       8,422        5,604
  Labor                                           72,671       35,872
  Subcontracted labor                              3,660        5,325
                                              ----------   ----------
                                                 136,778       69,283
                                              ----------   ----------
GROSS PROFIT                                     170,720       94,663
                                              ----------   ----------

SELLING, GENERAL AND ADMINISTRATIVE
   EXPENSES                                      173,344      113,791
Depreciation expense                               2,020        1,453
                                              ----------   ----------
                                                 175,364      115,244
                                              ----------   ----------

INCOME (LOSS) FROM OPERATIONS                     (4,644)      (20,581)
                                              ----------   ----------

OTHER INCOME (EXPENSE):
  Other income                                       372            -
  Interest expense                                (2,842)      (2,715)
                                              ----------   ----------
                                                  (2,470)      (2,715)
                                              ----------   ----------
Net (loss) before income taxes                    (7,114)     (23,296)
(Provision) credit for income taxes                2,643            -
                                              ----------   ----------
NET INCOME (LOSS)                              $  (4,471)  $  (23,296)
                                               =========   ==========
Basic and diluted income (loss)
  per common share                             $   (0.00)  $    (0.00)
                                               =========   ==========
Basic and diluted - weighted average shares
 outstanding                                   2,350,000    2,350,000
                                               =========    =========

See accompanying notes to the unaudited consolidated financial statements.

<PAGE>5

                      PROGUARD ACQUISITION CORP.
                 CONSOLIDATED STATEMENTS OF CASH FLOWS
             FOR THE THREE MONTHS ENDED MARCH 31, 2006 and 2005
                              (UNAUDITED)

                                                 2006         2005
                                              ----------   ----------
Cash flows from operating activities:
  Net (loss)                                  $   (4,471)  $  (23,296)
                                              ----------   ----------

 Adjustments to reconcile net income(loss)
  to net cash provided by (used in)
  operating activities:
  Depreciation and amortization                    5,929        1,453
 Changes in current assets and current
  liabilities:
  Decrease(increase) in accounts receivable      (60,992)      18,410
  Decrease(increase) in inventory                  6,105       (2,369)
  Increase in prepaid expenses
   and other current assets                          331        2,001
  Increase in deferred tax asset                  (2,643)           -
  Increase in accounts payable                    17,205        2,909
  Decrease(increase) in accrued expenses           4,296       (4,016)
  Increase in deferred revenue                     4,655        4,328
  Increase in retainage payable                      407        1,278
  Increase in income tax refund                        -       (1,425)
                                                  ------       ------
 Total adjustments                               (24,707)      22,569
                                                 -------       ------
 Net cash used in operating activities           (29,178)        (727)
                                                  ------       ------
Cash flows from investing activities:
  Acquisition of property and equipment           (2,469)           -
  Acquisition of contracts                        (4,076)      (7,785)
                                              ----------   ----------
    Net cash (used in) investing activities       (6,545)      (7,785)
                                              ----------   ----------
Cash flows from financing activities:
  Proceeds from related party loans               15,000            -
  Repayments on line of credit                    (1,183)           -
  Proceeds from shareholder deposits             310,640            -
                                              ----------   ----------
    Net cash provided by financing activities    324,457            -
                                              ----------   ----------

INCREASE(DECREASE) IN CASH                       288,734       (8,512)

CASH, BEGINNING OF PERIOD                        146,058      112,192
                                              ----------   ----------
CASH, END OF PERIOD                           $  434,792   $  103,680
                                              ==========   ==========




<PAGE>6



Supplemental cash flow information:
  Cash paid for interest                      $      864   $      737
                                              ==========   ==========
  Cash paid for income taxes                  $        -   $        -
                                              ==========   ==========

Cash shown on the accompanying balance
  Sheet as follows:
                                                 2006
                                                ------
  Cash                                        $   72,840
  Cash-restricted                                361,952
                                              ----------
                                              $  434,792
                                              ==========






See accompanying notes to the unaudited consolidated financial statements.




<PAGE>7
                      PROGUARD ACQUISITION CORP.
              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                             MARCH 31, 2006
                              (UNAUDITED)

NOTE 1.  BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES

The accompanying unaudited consolidated financial statements have been
prepared in accordance with generally accepted accounting principles
for interim financial statements and pursuant to the rules and
regulations of the Securities and Exchange Commission (?SEC?).  The
accompanying consolidated financial statements for the interim periods
are unaudited and reflect all adjustments (consisting only of normal
recurring adjustments) which are, in the opinion of management,
necessary for a fair presentation of the financial position and
operating results for the periods presented.  The consolidated
financial statements include the accounts of Proguard Acquisition
Corporation and its wholly owned subsidiary.  All significant
intercompany accounts and transactions have been eliminated.  These
consolidated financial statements should be read in conjunction with
the December 31, 2005 and notes thereto contained in the Report on Form
10-KSB as filed with the Securities and Exchange Commission.  The
results of operations for the three months ended March 31, 2006 are not
necessarily indicative of the results for the full fiscal year ending
December 31, 2006.

Certain prior period amounts have been reclassified to conform with
current period presentation.

NOTE 2.  RESTRICTED CASH

At March 31, 2006, the Company reflected $361,952 as restricted cash on
the accompanying balance sheet.  The cash was received by the Company
from prospective shareholders.

NOTE 3.  RELATED PARTY TRANSACTIONS

During the three months ended March 31, 2006 and 2005, the Company paid
affiliated entities $5,290 and $14,000 respectively for rent, office
expenses, and consulting fees.

During the year ended December 31, 2003, an entity related to the
Company advanced $50,000 in cash to the Company as evidenced by a note.
This note is convertible into 150,000 shares of the Company?s common
stock at the holder?s option at any time prior to the maturity date.
The note bears interest at 8 percent per annum payable quarterly and
matured on January 31, 2005.  During the three months ended March 31,
2005, the Company entered into a new note agreement that eliminates the
conversion feature and extends the maturity date to January 31, 2007.

In March 2004, an additional $50,000 was advanced to the Company by the
related entity.   This note was convertible into 150,000 shares of the
Company?s common stock at the holder?s option at any time prior to the
maturity date.  On January 31, 2005, CSII opted not to convert the
promissory note into common stock of the Company.  The note bears
interest at 8 percent per annum payable quarterly and is due March 15,
2006.  This note has been extended to March 15, 2007.

During the year ended December 31, 2005, an entity related to the
Company advanced $20,000 to the Company as evidenced by a note bearing
interest at 8 percent per annum until maturity.  The principal and
interest are due and payable on demand.



<PAGE>8

During the three months ended March 31, 2006, an entity related to the
Company advanced $15,000 to the Company as evidenced by a note bearing
interest at 8 percent per annum until maturity.  The principal and
interest are due and payable on demand.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

Effective July 1, 2004, Proguard Protection became a wholly owned
subsidiary of Proguard Acquisition.   The outstanding shares of
Proguard Protection, no par value common stock were canceled and
Proguard Acquisition acquired 100 shares of the no par value common
stock of Proguard Protection for $100 on July 1, 2004.

This acquisition of Proguard Protection, the accounting acquirer, by
Proguard Acquisition, a non-operating entity, was considered in
substance a capital transaction and has been accounted for as a reverse
acquisition, and no goodwill or other intangible assets have been
recorded.

The following discussion of Proguard Acquisition includes the financial
results of its wholly owned subsidiary, Proguard Protection.

Trends and Uncertainties.
-------------------------
The demand for our products and services would be negatively affected
by an increased adoption of non-response or verification-required
policies by police departments as well as economic downturns.

We received an aggregate of $63,120 for monitoring accounts during the
three months ended March 31, 2006.  This amount may be reduced if any
of the customers cancel their existing contracts.  We continue to grow
our account base through purchases and in-house sales.  Increases in
our account base have exceeded customer cancellations to date.  As of
March 31, 2006, our customer account base has increased to $593
accounts, averaging approximately 15 new accounts per month with only
an average of 1 cancellation per month.  However, a large number of
cancellations would have a negative impact on future results of
operations and liquidity.

Financing Activities.
---------------------
For the three months ended March 31, 2006, we received $15,000 from
related party loans.  For that same period, we made repayments of the
line of credit of $1,183.  For the three months ended March 31, 2006,
we received proceeds from the sale of our stock of $310,640.  As a
result, we had net cash provided by financing activities of $324,457
for the three months ended March 31, 2006.  Comparatively, for the
three months ended March 31, 2005, we did not pursue any financing
activities.



<PAGE>9

Investing Activities.
---------------------
During the three months ended March 31, 2006, we purchased property and
equipment valued at $2,469.  During the three months ended March 31,
2006, we purchased additional security monitoring contracts from third
parties for $4,076.  Absent cancellations, we will receive
approximately $170 in monthly fees from these contracts.

Comparatively, during the three months ended March 31, 2005, we
purchased additional security monitoring contracts from third parties
for $7,785.  Absent cancellations, we will receive approximately $375
in monthly fees from these contracts.

Results of Operations.
----------------------
Quarterly billings for monitoring are billed in advance. All of this
billed revenue is deferred to the following period and recognized in
its entirety.

The bundled monthly charge for monitoring and extended service
protection is billed on a quarterly basis in advance. Revenue for both
monitoring and extended service protection is recorded as Monitoring
Revenue.   Quarterly billed revenue is deferred at the time of billing
and recognized during the quarter covered by the billing period.
Expense related to both the monitoring and extended service protection
are recognized in the quarter in which they are incurred.

The three months ended March 31, 2006 compared to three months ended
March 31, 2005.
----------------------------------------------------------------------
Our sales increased significantly for the three ended March 31, 2006
from $163,946 for the three months ended March 31, 2005 to $307,498 for
the three months ended March 31, 2006, due to increased operations and
the purchase of the security monitoring contracts.  Revenues were
earned through the sale of services, equipment, as well as installation
fees and monitoring fees.

Our sales for the three months ended March 31, 2006 increased
significantly over the three months ended March 31, 2005 in the
following areas and for the following reasons:

Equipment and Installation revenue increased $106,360 or 105.2%.
   -   Builders business added to installation revenue;
   -   Labor prices were increased from $65.00 to $78.00 per hour (20%)
and accepted.  This labor rate remains still below our competition;
A heavy marketing campaign for system upgrades and conversion was
conducted;
   -   Hybrid wireless systems allowed installations to meet insurance
requirements without having to destroy homes; and
   -   Actual installs increased.



Monitoring recurring revenue increased by $18,155 or 40.4%.
   -   Our customer base increased;
   -   Monthly recurring revenue per account increased due to other
services (open/close reports, service contracts, key holder service,
cell radio back-up, etc.), being sold;
   -   Strong increase in commercial fire and business accounts
increased monthly monitoring rate average;
   -   Real estate brokers and property managers began transferring
bulk accounts to our company; and
   -   Local company/local service theme began to take root.

Service revenue increased $19,037 or 106.4%.
   -   Hourly service rate was increased by $13.00;
   -   Free service calls were reduced;
   -   Service call labor was reduced through better routing and
efficiency; and
   -   Marketing campaign for free system inspections produced major
service revenue for upgrade and change out of defective equipment found
and documented.

Our selling, general and administrative expenses increased $59,553 or
52.34% for the three months ended March 31, 2006 compared to March 31,
2005 primarily due to costs associated with increased operations.

As our business increases, we expect our cost of sales to increase due
to the increased amount of labor necessary to install and monitor the
security systems.  However, we do not expect to significantly increase
the number of employees until we expand.  We will continue to try to
minimize our costs by issuing common shares for services where
possible.

Item 3. Controls and Procedures

The chief executive officer/chief financial officer of Proguard
Acquisition has made an evaluation of the disclosure controls and
procedures relating to the financial statements of Proguard Acquisition
for the three months ended March 31, 2006 as filed with the Securities
and Exchange Commission and has judged such controls and procedures to
be effective as of March 31, 2006 (the evaluation date).

There have not been any significant changes in the internal controls of
Proguard Acquisition or other factors that could significantly affect
internal controls relating to Proguard Acquisition since the evaluation
date.


PART II - OTHER INFORMATION

Item 1. Legal Proceedings. Not Applicable.

Item 2. Changes in Securities and Use of Proceeds.
        Not Applicable

Item 3. Defaults Upon Senior Securities.
        Not Applicable.

Item 4. Submission of Matters to a Vote of Security Holders.
         Not Applicable.

Item 5. Other Information. Not Applicable.

Item 6. Exhibits

         31 ? 302 Certifications
         32 ? 906 Certifications


<PAGE>12

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized.

Dated:  May 11, 2006

Proguard Acquisition Corp.

By  /s/ Frank Bauer
    ------------------------
    Frank Bauer
    President and Director