UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                  FORM 10-QSB

                                  (Mark one)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 2004


                                          or

[  ] TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT OF 1934

For the transition period from ___________ to __________


                      Commission file number: 000-31429


                          Financial Ventures, Inc.
---------------------------------------------------------------------
                (Name of small business issuer in its charter)

           Florida                            65-0740090
   ---------------------------------    -------------------------------
    (State or other jurisdiction of   (IRS Employer Identification No.)
     incorporation or organization)

                           120 Adelaide Street West
                                  Suite 1214
                               Toronto, Ontario
                                     Canada
---------------------------------------------------------------------
                  (Address of principal executive offices)

                                     M5H 1T1
---------------------------------------------------------------------
                                   (Zip Code)

Registrant's telephone number, including area code: 416-214-9735

Securities registered under Section 12(g) of the Exchange Act:

                     Common Stock, $0.001 par value per share
             --------------------------------------------------------
                                (Title of class)


Check whether the issuer (1) has filed all reports required to be
filed by Section 13 or 15(d) of the  Securities Exchange  Act during
the past 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  [ ]   No [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 [ ]

The number of shares of the registrant's common stock, par value
$0.001 per share, outstanding as of July 31, 2007 was 908,800.

Transitional Small Business Disclosure Format (check one): Yes [ ]; No [X]


<PAGE>


Part 1   Financial Information

Item 1.  Financial Statements (Unaudited)



<PAGE>

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

Item 3.  Controls and Procedures

Part II  Other Information


Item 1.  Legal Proceedings

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

Item 3. Defaults Upon Senior Securities

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

Item 5.  Other Information

Item 6.  Exhibits


Signatures



<PAGE>


Part I.  Financial Information


Item 1.  Financial Statements










                           FINANCIAL VENTURES, INC.
                        (A DEVELOPMENT STAGE COMPANY)



                                   CONTENTS


PAGE   1    CONDENSED BALANCE SHEET AS OF DECEMBER 31, 2004 (UNAUDITED)


PAGE   2    CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE AND NINE
            MONTHS ENDED DECEMBER 31, 2004 AND 2003 AND FOR THE
            PERIOD FROM DECEMBER 4, 1996 (INCEPTION) TO DECEMBER 31,
            2004 (UNAUDITED)


PAGES  3    CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS'
            EQUITY FOR THE PERIOD FROM DECEMBER 4, 1996
            (INCEPTION) TO DECEMBER 31, 2004 (UNAUDITED)


PAGE   4    CONDENSED STATEMENTS OF CASH FLOWS FOR THE NINE
            MONTHS ENDED DECEMBER 31, 2004 AND 2003 AND FOR THE
            PERIOD FROM DECEMBER 4, 1996 (INCEPTION) TO DECEMBER 31,
            2004 (UNAUDITED)


PAGES 5-8   NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

<PAGE>


                     FINANCIAL VENTURES, INC.
                  (A Development Stage Company)
                       CONDENSED BALANCE SHEET
                         DECEMBER 31, 2004
                           (Unaudited)

                              ASSETS


     TOTAL ASSETS                                   $  -
                                                    =========

                LIABILITIES AND STOCKHOLDERS' EQUITY

     STOCKHOLDERS' EQUITY
     Common stock, $0.001 par value, 50,000,000
       shares authorized, 908,800 shares
       issued and outstanding                           909
      Additional paid-in capital                     30,317
      Deficit accumulated during the development
       stage                                        (31,226)
                                                   ==========
     TOTAL STOCKHOLDERS EQUITY                         -
                                                   ----------

     TOTAL LIABILITIES AND STOCKHOLDERS EQUITY     $   -
                                                   ==========

                 Read accompanying Notes to Condensed Financial Statements.



<PAGE>


                                 FINANCIAL VENTURES, INC.
                              (A Development Stage Company)
                            CONDENSED STATEMENTS OF OPERATIONS
                                     (Unaudited)



<TABLE>
<CAPTION>
                                                                                                      Period From
                                                                                                       December 4,
                                                                                                         1996
                                              Three Months Ended           Nine Months Ended          (Inception)
                                                 December 31,                  December 31,         to December 31,
                                             2004             2003        2004           2003            2004
                                           --------         --------    --------       --------       ------------
<S>                                        <C>              <C>         <C>            <C>            <C>

OPERATING EXPENSES
 Professional fees                             -                -           5,200            -             5,200
 General and administrative                    -              2,000           200          6,150          26,026
                                           --------         --------     --------        -------        ---------
TOTAL OPERATING EXPENSES                       -              2,000         5,400          6,150          31,226
                                           --------         --------     --------        -------        ---------

LOSS FROM OPERATIONS                           -             (2,000)       (5,400)        (6,150)        (31,226)

PROVISION FOR INCOME TAXES                     -               -                                            -

NET LOSS                                   $   -            $(2,000)     $ (5,400)       $(6,150)       $(31,226)
                                           ========         ========     ========        =======        =========
NET LOSS PER SHARE - BASIC AND DILUTED     $   -            $ (0.00)     $  (0.01)       $ (0.01)          (0.03)
                                           ========         ========     ========        =======        =========
WEIGHTED AVERAGE NUMBER OF SHARES
 OUTSTANDING DURING THE PERIOD -
 BASIC AND DILUTED                          908,800         908,800       908,800        908,800         906,559
                                           =========        =========    =========       =======        =========



</TABLE>



                 Read accompanying Notes to Condensed Financial Statements.

<PAGE>



                                 FINANCIAL VENTURES, INC.
                               (A Development Stage Company)
                       STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIENCY
             PERIOD FROM DECEMBER 6, 1996 (INCEPTION) THROUGH DECEMBER 31, 2004


<TABLE>
<CAPTION>


                                         Common Stock                            Deficit
                                       $.001 Par Value        Additional        Accumulated                            Total
                                       ---------------         Paid-in     During the Development    Subscription   Stockholder's
                                      Shares       Amount      Capital           Stage                Receivable       Equity
                                     ----------    ------     ----------    ----------------------   ------------   -------------
<S>                                  <C>           <C>        <C>           <C>                       <C>           <C>

Balance December 6, 1996 (Inception)      -         $ -        $ -           $ -                       $ -           $ -

Common shares issued for cash          903,800      $904       $   376         -                         -             1,280
                                     ------------------------------------------------------------------------------------------
Balance December 31, 1997              903,800      $904       $   376         -                         -             1,280
                                     ==========================================================================================

Common shares issued for cash            5,000         5         4,995         -                                       5,000

Common Shares issued in exchange
 for note receivable                      -          -             200         -                                         200

Net loss                                  -          -             -         (6,480)                                  (6,480)
                                     ------------------------------------------------------------------------------------------
Balance, March 31, 2001                908,800       909         5,571       (6,480)                     -


In-kind contribution                      -          -           3,896          -                        -            3,896

Net loss, 2002                            -          -             -         (3,896)                     -           (3,896)
                                     ------------------------------------------------------------------------------------------

Balance, March 31, 2002                908,800       909         9,467      (10,376)                     -             -

In-kind contribution                      -          -           7,350          -                        -            7,350

Net loss, 2003                            -          -             -         (7,350)                     -           (7,350)
                                     ------------------------------------------------------------------------------------------

Balance, March 31, 2003                908,800       909        16,817      (17,726)                     -             -

In-kind contribution                      -          -           9,300          -                        -            9,300

Net loss, 2004                            -          -             -         (8,100)                     -           (8,100)
                                     ------------------------------------------------------------------------------------------

Balance, March 31, 2004                908,800       909        26,117      (25,826)                     -            1,200

In-kind contribution                      -          -           4.200          -                        -            4,200

Net loss for the period
 ended December 31, 2004                  -          -             -         (5,400)                     -           (5,400)
                                     ------------------------------------------------------------------------------------------

Balance, December 31, 2004             908,800       909       $30,317      (31,226)                     -           $ -
                                     ==========================================================================================

</TABLE>

                     Read accompanying Notes to Financial Statements.






                                   FINANCIAL VENTURES, INC.
                                (A Development Stage Company)
                              CONDENSED STATEMENTS OF CASH FLOWS
                                       (Unaudited)

<TABLE>
<CAPTION>

                                                                                   Period From
                                                                                     December 4,
                                                                                       1996
                                                        Nine Months Ended           (Inception)
                                                           December 31,          to December 31,
                                                       2004             2003            2004
                                                      -------          -------     --------------

<S>                                                  <C>               <C>           <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
  Net (loss)                                          $(5,400)           $  -          $(31,226)
   Adjustments to reconcile net loss to net
   cash used in operations
    In-Kind contribution                                4,200               -            24,746
   Changes in operating assets and liabilities
    Decrease in prepaid expenses                        1,200                              -
                                                      --------           --------      ---------
NET CASH PROVICED BY (USED IN) OPERATING ACTIVITIES      -                  -            (6,480)
                                                      --------           --------      ---------
                                                                                           -
CASH FLOWS FROM INVESTING ACTIVITIES                     -

CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from stockholder loan                                                            200
  Proceeds from issuance of common stock                 -                  -             6,280
                                                      --------           --------      ---------
NET CASH PROVIDED BY FINANCING ACTIVITIES                -                  -             6,480
                                                      --------           --------      ---------
NET INCREASE (DECREASE) IN CASH                          -                  -              -

CASH AT BEGINNING  OF PERIOD/YEAR                        -                  -              -
                                                      --------           --------      ---------
CASH AT END OF PERIOD/YEAR                            $  -               $  -          $   -
                                                      ========           ========      =========


SUPPLEMENTAL DISCLOSURE OF CASH FLOW
 INFORMATION:

  Cash paid for interest                              $  -               $  -          $   -
                                                      ========           ========      =========
  Cash paid for taxes                                 $  -               $  -          $   -
                                                      ========           ========      =========

SUPPLEMENTAL DISCLOSURE OF CASH INVESTING
 AND FINANCING ACTIVITIES:
 Reclassification of amount due to
  stockholder to Additional Paid In Capital           $  -               $  -          $    200
                                                      ========           ========      =========


</TABLE>

                 Read accompanying Notes to Condensed Financial Statements.






<PAGE>

FINANCIAL VENTURES, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
AS OF DECEMBER 31, 2004
(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) 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.

(C) 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.

(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 December 31, 2004 and 2003, and for the period from December 4,
1996 (inception) to December 31, 2004, respectively, there were no
common share equivalents outstanding.





<PAGE>

FINANCIAL VENTURES, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
AS OF DECEMBER 31, 2004
(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.

(G) Recent Accounting Pronouncements

In February 2006 the FASB issued SFAS 155, "Accounting for Certain
Hybrid Financial Instruments" which amends SFAS No. 133 to narrow
the scope exception for interest-only and principal-only strips on
debt instruments to include only such strips representing rights
to receive a specified portion of the contractual interest or
principal cash flows. SFAS No. 155 also amends SFAS No. 140 to
allow qualifying special-purpose entities to hold a passive
derivative financial instrument pertaining to beneficial interests
that it is a derivative financial instrument. The Company will
adopt SFAS No. 155 on January 1, 2007 and does not expect it to
have a material effect on financial position, results of
operations, or cash flows.

In July 2006, the Financial Accounting Standards Board (FASB)
issued FASB Interpretation No. 48, ("FIN 48") "Accounting for
uncertainty in income taxes - an interpretation of SFAS No. 109."
This Interpretation provides guidance for recognizing and
measuring uncertain tax positions, as defined in FASB No. 109,
"Accounting for income taxes." FIN 48 prescribes a threshold
condition that a tax position must meet for any of the benefit of
an uncertain tax position to be recognized in the financial
statements.  Guidance is also provided regarding derecognition,
classification and disclosure of uncertain tax positions.  FIN 48
is effective for fiscal years beginning after December 15, 2006.
The Company does not expect that this Interpretation will have a
material impact on their financial position, results of operations
or cash flows.

In September 2006, the FASB issued SFAS No. 157 ("SFAS 157"),
"Fair Value Measurements." SFAS 157 clarifies the principle that
fair value should be based on the assumptions that market
participants would use when pricing an asset or liability.




<PAGE>



FINANCIAL VENTURES, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO CONDENSED FINANCIAL STATEMENTS
AS OF DECEMBER 31, 2004
(UNAUDITED)

Additionally, it establishes a fair value hierarchy that
prioritizes the information used to develop those assumptions.
SFAS 157 is effective for financial statements issued for fiscal
years beginning after November 15, 2007. The Company does not
expect the adoption of SFAS 157 to have a material impact on their
financial position, results of operations or cash flows.


In September 2006, the FASB issued SFAS No. 158 ("SFAS 158"),
Employers' Accounting for Defined Benefit Pension and Other
Postretirement Plans, an amendment of FASB Statements No. 87, 88,
106, and 132(R)." SFAS 158 requires employers to recognize the
underfunded or overfunded status of a defined benefit
postretirement plan as an asset or liability in its statement of
financial position and to recognize changes in the funded status
in the year in which the changes occur through accumulated other
comprehensive income. Additionally, SFAS 158 requires employers to
measure the funded status of a plan as of the date of its year-end
statement of financial position. The new reporting requirements
and related new footnote disclosure rules of SFAS 158 are
effective for fiscal years ending after December 15, 2006. The new
measurement date requirement applies for fiscal years ending after
December 15, 2008. The Company does not expect the adoption of
SFAS 158 to have a material impact on their financial position,
results of operations or cash flows.

NOTE 2	STOCKHOLDERS' EQUITY

(A) Common Stock Issued for Cash

On January 17, 1997, the Company issued 903,800 shares of common
stock to its founders for cash of $1,280 ($0.001 per share).

On August 11, 2000, the Company issued 5,000 shares of common
stock for cash of $5,000 ($0.001 per share).

(C) In-Kind Contribution

During 2002, 2003, and 2004 the stockholder of the Company paid
$3,896, $7,350 and $13,500, respectively, of operating expenses on
behalf of the Company (See Note 3).

NOTE 3	RELATED PARTY TRANSACTIONS

A stockholder of the Company paid $24,746 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.


<PAGE>

Item 2.  Management's Plan of Operations

     The Company has no revenues to date. Since inception, the
Company has been dependent upon the receipt of capital investment
or other financing to fund its continuing activities.

     At the present time the Company has no specific
consequential cash requirements because it is inactive. The
Company has no employees and does not plan to hire any employees.
The Company intends to use independent contractors for any work
that needs to be completed.  The Company is dependent upon
certain related parties to provide continued funding and capital
resources.

     Special Note Regarding Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the
"Reform Act") provides a safe harbor for forward-looking
statements made by or on behalf of the Company.  The Company and
its representatives may, from time to time, make written or
verbal forward-looking statements, including statements contained
in the Company's filings with the Securities and Exchange
Commission and in its reports to stockholders.  Generally, the
inclusion of the words "believe", "expect", "intend", "estimate",
"anticipate", "will", and similar expressions identify statements
that constitute "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934 and that are intended to come
within the safe harbor protection provided by those sections.

     All statements addressing operating performance, events, or
developments that the Company expects or anticipates will occur
in the future, including statements relating to sales growth,
earnings or earnings per share growth, and market share, as well
as statements expressing optimism or pessimism about future
operating results (in particular, statements under Part II, Item
6, Management's Discussion and Analysis of Financial Condition
and Results of Operations), contain forward-looking statements
within the meaning of the Reform Act.  The forward-looking
statements are and will be based upon management's then-current
views and assumptions regarding future events and operating
performance, and are applicable only as of the dates of such
statements but there can be no assurance that the statement of
expectation or belief will result or be achieved or accomplished.
In addition, the Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.


<PAGE>

     By their nature, all forward-looking statements involve risk
and uncertainties.  Actual results may differ materially from
those contemplated by the forward-looking statements for a number
of reasons, including but not limited: competitive prices
pressures at both the wholesale and retail levels, changes in
market demand, changing interest rates, adverse weather
conditions that reduce sales at distributors, the risk of
assembly and manufacturing plant shutdowns due to storms or other
factors, the impact of marketing and cost-management programs,
and general economic, financial and business conditions.

Liquidity and Capital Resources

As of the date of this report, the Company has virtually no
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 for a shareholder 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. Because
the Company has limited funds, it may be necessary for the
officers, directors or a willing shareholder to either advance
funds to the Company or to accrue expenses until such time as a
successful business consolidation can be made. Management intends
to hold expenses to a minimum. 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.

<PAGE>

Critical Accounting Policies

The Company's 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 of 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, the Company views certain of these policies as
critical. Policies determined to be critical are those policies
that have the most significant impact on its 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 February 2006 the FASB issued SFAS 155, "Accounting for Certain
Hybrid Financial Instruments" which amends SFAS No. 133 to narrow
the scope exception for interest-only and principal-only strips on
debt instruments to include only such strips representing rights
to receive a specified portion of the contractual interest or
principal cash flows. SFAS No. 155 also amends SFAS No. 140 to
allow qualifying special-purpose entities to hold a passive
derivative financial instrument pertaining to beneficial interests
that it is a derivative financial instrument. The Company will
adopt SFAS No. 155 on January 1, 2007 and does not expect it to
have a material effect on financial position, results of
operations, or cash flows.

In July 2006, the Financial Accounting Standards Board (FASB)
issued FASB Interpretation No. 48, ("FIN 48") "Accounting for
uncertainty in income taxes - an interpretation of SFAS No. 109."
This Interpretation provides guidance for recognizing and
measuring uncertain tax positions, as defined in FASB No. 109,
"Accounting for income taxes." FIN 48 prescribes a threshold
condition that a tax position must meet for any of the benefit of
an uncertain tax position to be recognized in the financial
statements.  Guidance is also provided regarding derecognition,
classification and disclosure of uncertain tax positions.  FIN 48
is effective for fiscal years beginning after December 15, 2006.
The Company does not expect that this Interpretation will have a
material impact on their financial position, results of operations
or cash flows.

In September 2006, the FASB issued SFAS No. 157 ("SFAS 157"),
"Fair Value Measurements." SFAS 157 clarifies the principle that
fair value should be based on the assumptions that market
participants would use when pricing an asset or liability.


<PAGE>

Additionally, it establishes a fair value hierarchy that
prioritizes the information used to develop those assumptions.
SFAS 157 is effective for financial statements issued for fiscal
years beginning after November 15, 2007. The Company does not
expect the adoption of SFAS 157 to have a material impact on their
financial position, results of operations or cash flows.

In September 2006, the FASB issued SFAS No. 158 ("SFAS 158"),
Employers' Accounting for Defined Benefit Pension and Other
Postretirement Plans, an amendment of FASB Statements No. 87, 88,
106, and 132(R)." SFAS 158 requires employers to recognize the
underfunded or overfunded status of a defined benefit
postretirement plan as an asset or liability in its statement of
financial position and to recognize changes in the funded status
in the year in which the changes occur through accumulated other
comprehensive income. Additionally, SFAS 158 requires employers to
measure the funded status of a plan as of the date of its year-end
statement of financial position. The new reporting requirements
and related new footnote disclosure rules of SFAS 158 are
effective for fiscal years ending after December 15, 2006. The new
measurement date requirement applies for fiscal years ending after
December 15, 2008. The Company does not expect the adoption of
SFAS 158 to have a material impact on their financial position,
results of operations or cash flows.


<PAGE>

Item 3.  Controls and Procedures
The Company maintains disclosure controls and procedures that are
designed to ensure that information required to be disclosed in the
Company's Securities Exchange Act reports 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 its Chief
Executive Officer and Chief Financial Officer, as appropriate, to
allow timely decisions regarding required disclosure.  In designing
and evaluating the disclosure controls and procedures, management
recognized that any controls and procedures, no matter how well
designed and operated, can provide only reasonable assurance of
achieving the desired control objectives, and management necessarily
was required to apply its judgment in evaluating the cost-benefit
relationship of possible controls and procedures.

During the 90 day period prior to the date of this report, an
evaluation was performed under the supervision and with the
participation of our Company's management, including the Chief
Executive Officer and the Chief Financial Officer, of the
effectiveness of the design and operation of the Company's disclosure
controls and procedures.  Based upon that evaluation, the
Chief Executive Officer and the Chief Financial Officer concluded
that the Company's disclosure controls and procedures were effective.
Subsequent to the date of this evaluation, there have been no
significant changes in the Company's internal controls or in other
factors that could significantly affect these controls, and no
corrective actions taken with regard to significant deficiencies or
material weaknesses in such controls.

Special Note Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 (the "Reform
Act") provides a safe harbor for forward-looking statements made by
or on behalf of the Company.  The Company and its representatives
may, from time to time, make written or verbal forward-looking
statements, including statements contained in the Company's filings
with the Securities and Exchange Commission and in its reports to
stockholders.  Generally, the inclusion of the words "believe",
"expect", "intend", "estimate", "anticipate", "will", and similar
expressions identify statements that constitute "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934 and
that are intended to come within the safe harbor protection provided
by those sections.

All statements addressing operating performance, events, or
developments that the Company expects or anticipates will occur in
the future, including statements relating to sales growth, earnings
or earnings per share growth, and market share, as well as statements
expressing optimism or pessimism about future operating results (in
particular, statements under Part I, Item 2, Management's Discussion
and Analysis of Financial Condition and Results of Operations),
contain forward-looking statements within the meaning of the Reform
Act.  The forward-looking statements are and will be based upon
management's then-current views and assumptions regarding future
events and operating performance, and are applicable only as of the
dates of such statements but there can be no assurance that the
statement of expectation or belief will result or be achieved or
accomplished.  In addition, the Company undertakes no obligation to
update or revise any forward-looking statements, whether as a result
of new information, future events, or otherwise.

By their nature, all forward-looking statements involve risk and
uncertainties.  Actual results may differ materially from those
contemplated by the forward-looking statements for a number of
reasons, including but not limited: competitive price pressures at
both the wholesale and retail levels, changes in market demand,
changing interest rates, adverse weather conditions that reduce sales
at distributors, the risk of assembly and manufacturing plant
shutdowns due to storms or other factors, the impact of marketing and
cost-management programs, and general economic, financial and
business conditions.

Part II - Other Information.

Item 1.  Legal Proceedings

None.

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

(31.1) Certification of Chief Executive Officer pursuant to
       Rule 13a-14 or 15d-14 of the Securities Exchange Act
       of 1934, as adopted pursuant to section
       302 of the Sarbanes-Oxley act of 2002.

(31.2) Certification of Chief Financial Officer pursuant to
       Rule 13a-14 or 15d-14 of the Securities Exchange Act
       of 1934, as adopted pursuant to section
       302 of the Sarbanes-Oxley act of 2002.

(32.1) Certification of Chief Executive Officer pursuant to 18 U.S.C.
       Section 1350, as adopted pursuant to Section 906 of the Sarbanes-
       Oxley Act of 2002.

(32.2) Certification of Chief Financial Officer pursuant to 18 U.S.C.
       Section 1350, as adopted pursuant to Section 906 of the Sarbanes-
       Oxley Act of 2002.






<PAGE>



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, thereunto duly authorized, on August 23, 2007.

               FINANCIAL VENTURES, INC.

	By:	/s/ Matthew McNeally
           ----------------------------
		Matthew McNeally
		Chief Executive Officer


	In accordance with the requirements of the Exchange Act, this
report has been signed by the following persons on behalf of the
registrant and in the capacities indicated on August 23, 2007.

By:	/s/ Matthew McNeally		Chief Executive Officer
     ------------------------
	Matthew McNeally


By:     /s/ V. Terence Franzke          Chief Financial Officer
     ------------------------
        V. Terence Franzke


<PAGE>