UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-Q  xQuarterly Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934  For the First Quarter Ended September 30, 2009  oTransition Report Pursuant to Section 13or 15(d) of The Securities Exchange Act of 1934  COMMISSION FILE NUMBER: 333-146441  A&J VENTURE CAPITAL GROUP, INC.  (Exact Name of Small Business Issuer as Specified in its Charter)   Nevada75-3260541(State of Incorporation)(IRS Employer ID Number)  Sickingenstrasse 18, Heidelberg, Germany, 69126  (Address of principal executive offices)  +49 6221 7195661  (Registrant's telephone number, including area code)  Securities registered pursuant to Section 12(b) of the Exchange Act:  None  Securities registered pursuant to Section 12(g) of the Exchange Act: Common  Stock, par value $0.001 per share  Indicate by check mark whether the registrant (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. x Yes o No  Indicate by check mark if disclosure of delinquent filers in pursuant to Item 405 of Regulation S-K (ss.229.405 of this chapter) is not contained herein, and will not be contained, to the best of the registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x  Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.   Large accelerated fileroAccelerated fileroNon-accelerated fileroSmaller reporting companyx(Do not check if a smaller reporting company)           Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Act):  Yes o  No x  State the issuer's revenues for its most recent fiscal year. $0  State the aggregate market value of the voting stock held by non-affiliates computed by reference to the price at which the stock was sold, or the average bid and ask prices of such stock as of a specified date within 60 days $810,000.  State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date.  Outstanding SharesClass as of September 29, 2009Common Stock, Par Value $0.001 per share31,500,000   DOCUMENTS INCORPORATED BY REFERENCE  A description of "Documents Incorporated by Reference" is contained in Part II, Item 6.               A&J VENTURE CAPITAL GROUP, INC.  TABLE OF CONTENTS  Page No.PART I.FINANCIAL INFORMATIONITEM 1.Condensed Financial StatementsCondensed Balance Sheets as of September 30, 2009 (unaudited) and June 30, 20094Unaudited Condensed Statements of Operations for the three months ended September 30, 2009 and 2009, cumulative during development stage from February 22, 2007 (inception) through June 30, 20095Unaudited Statements of Stockholders (Deficit) for the period from February 22, 2007 (inception) through September 30, 20096Unaudited Condensed Statements of Cash Flows for the three months ended September 30, 2009 and 2008, and cumulative during development stage from February 22, 2007 (inception) through September 30, 20097Notes to Condensed Financial Statements (unaudited)8ITEM 2.Managements Discussion and Analysis of Financial Condition and Results of Operations11ITEM 3.Quantitative and Qualitative Disclosures about Market Risk13ITEM 4T.Controls and Procedures13PART II.OTHER INFORMATIONITEM 1.Legal Proceedings13ITEM 1A.Risk Factors13ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds13ITEM 3.Defaults Upon Senior Securities13ITEM 4.Submission of Matters to a Vote of Security Holders13ITEM 5.Other Information13ITEM 6.Exhibits13SIGNATURE13            PART I. - FINANCIAL INFORMATION  ITEM 1. FINANCIAL STATEMENTS   A & J VENTURE CAPITAL GROUP, INC.(Formerly known as Alco Energy Corp.)(A DEVELOPMENT STAGE ENTERPRISE)CONDENSED BALANCE SHEETSSeptember 30,June 30,20092009(unaudited)(audited)ASSETSCURRENT ASSETSCash$           44,055$                -Deferred Expenses35,215-TOTAL CURRENT ASSETS79,270-TOTAL ASSETS$           79,270$                -LIABILITIES AND STOCKHOLDERS' (DEFICIT)Accounts payable$            5,487$           1,500Accounts payable - Related party6,0002,450Shareholder advances84,815689TOTAL CURRENT LIABILITIES96,3024,638COMMITMENTS AND CONTINGENCIESSTOCKHOLDERS' (DEFICIT)Common stock, par value $.001, 75,000,000shares authorized, 31,500,000 issued and outstanding31,50031,500Paid in Capital38,71138,711(Deficit) accumulated during the development stage(87,242)(74,849)Total Stockholders' (Deficit)(17,031)(4,638)Total Liabilities and Stockholders' (Deficit)$           79,270$                  -SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS     A & J VENTURE CAPITAL GROUP, INC.(Formerly known as Alco Energy Corp.)(A DEVELOPMENT STAGE ENTERPRISE)CONDENSED STATEMENTS OF OPERATIONS(UNAUDITED)CumulativefromFebruary 22, 2007For the three months ended(Inception)September 30,to20092008September 30, 2009REVENUES$                  -$                -$                       -EXPENSESAmortization(4,785)-(4,785)Accounting and Audit fees(1,710)-(20,050)Consulting Fees(4,500)-(11,000)Rent expense(2,855)(2,278)(10,929)General and administrative(   449)(611)(41,880)Total expenses(14,299)(2,889)(88,644)Exchange gain/ (loss)1,906-1,906Interest Expense--(504)NET (LOSS)$        (12,393)$        (2,889)$               (87,242)OTHER COMPREHENSIVE INCOMEForeign exchange gain on translation-381-COMPREHENSIVE INCOME (LOSS)$        (12,393)$        (2,508)$              (87,242)NET (LOSS) PER SHARE - BASIC$        (0.01)$        (0.01)NET (LOSS) PER SHARE - INCEPTION$        (0.01)$        (0.01)WEIGHTED AVERAGE NUMBER OFCOMMON SHARES OUTSTANDING31,500,00031,500,000WEIGHTED AVERAGE NUMBER OF COMMON SHARES SINCE INCEPTION31,500,00031,500,000SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS  A & J VENTURE CAPITAL GROUP, INC.(Formerly known as Alco Energy Corp.)(A DEVELOPMENT STAGE ENTERPRISE)STATEMENTS OF STOCKHOLDERS' DEFICIT(Deficit)AccumulatedDuring theCommon StockPaid-inDevelopmentSharesAmountCapitalStageTotalBalances, at inception-$   -$            -$             -$             -Shares issued for cash at $0.000333 per share on June 200715,000,00015,000(10,000)5,000Net (loss) for the period(10,611)(10,611)Balances, June 30, 200715,000,00015,000(10,000)(10,611)(5,611)Shares issued for cash at $0.000333 per share on August 1, 20073,000,0003,000(2,000)1,000Shares issued for cash in a private placement at $0.000333 per share on August 1, 2007, net of offering costs13,500,00013,50015,69329,193Related party debt contributed to capital15,22815,228Net (loss) for the year(45,117)(45,117)Balances, June 30, 200831,500,00031,50018,921(55,728)(5,307)Related party debt contributed to capital19,79019,790Net (loss) for the year(19,121)(19,121)Balances, June 30, 200931,500,00031,50038,711(74,849)(4,638)(unaudited)Net (loss) for the period(12,393)(12,393)Balances, September 30, 200931,500,000$ 31,500$   38,711$   (87,242)$   (17,031)(unaudited)The accompanying notes are an integral part of these financial statements          A & J VENTURE CAPITAL GROUP, INC.(Formerly known as Alco Energy Corp.)(A DEVELOPMENT STAGE ENTERPRISE)CONDENSED STATEMENTS OF CASH FLOWS(UNAUDITED)CumulativefromFebruary 22, 2007For the three months ended(Inception)September 30,to20092008September 30, 2009OPERATING ACTIVITIESNet (loss)$ (12,393)$    (2,889)$               (87,242)Adjustments to reconcile net income (loss) to net cash used by operating activitiesForeign translation gain381Depreciation--49Changes in operating assets and liabilitiesAccounts payable3,987(1,117)3,684Accounts payable - Related party3,5504,5428,707Prepaid expenses(917)Deferred Charges(35,215)(35,215)NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES(40,071)-(110,017)INVESTING ACTIVITIESPurchase of property and equipment--(1,622)NET CASH PROVIDED BY INVESTING ACTIVITIES--(1,622)FINANCING ACTIVITIESProceeds from sale of common stock--35,193Proceeds from shareholder loan payable84,126-120,501NET CASH PROVIDED BY FINANCING ACTIVITIES84,126-155,694NET INCREASE (DECREASE) IN CASH44,055-44,055CASH, BEGINNING OF PERIOD---CASH, END OF PERIOD$    44,055$             -$                44,055SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIESShareholder advances on behalf of company$                36,486Property and equipment net of depreciation exchanged for debt(1,573)Shareholder's debt contributed to capital(34,913)$                       -SEE ACCOMPANYING NOTES TO FINANCIAL STATEMENTS        A & J VENTURE CAPITAL GROUP, INC. (FORMERLY ALCO ENERGY CORP.) (A Development Stage Enterprise) NOTES TO CONDENSED FINANCIAL STATEMENTS For the three months ended September 30, 2009 and 2008 (Unaudited)    Note 1 - BASIS OF PRESENTATION  In the opinion of management, the accompanying unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q.  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 of normal recurring accruals) considered necessary for a fair presentation of the Companys financial position as of September 30, 2009 and the results of its operations and cash flows for the three months ended September 30, 2009 have been made.  Operating results for the three months ended September 30, 2009 are not necessarily indicative of the results that may be expected for the year ended June 30, 2010.  These condensed financial statements should be read in conjunction with the financial statements and notes for the years ended June 30, 2009, thereto contained in the Companys Form 10-K.   NOTE 2  GOING CONCERN  Our financial statements have been presented on the basis that we are a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  We have sustained operating losses in 2009 and 2008.  As of September 30, 2009 we have a working capital deficit of $17,032, stockholders deficit of $17,031 and accumulated deficit of $87,242. During the period ending September 30, 2009 we had a net loss of $12,393 and cash used in operating activities of $40,071. The Companys ability to continue in existence is dependent on its ability to develop additional sources of capital, and/or achieve profitable operations and positive cash flows. Managements plan is to aggressively pursue its present business plan. Since inception we have funded our operations through the issuance of common stock and related party loans and advances, and will seek additional debt or equity financing as required. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.   NOTE 3  RECENTLY ISSUED ACCOUNTING STANDARDS  Below is a listing of the most recent accounting standards and their effect on the Company.  Recently Adopted Accounting Standards  In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements. This statement defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosure about fair value measurements. The statement does not require any new fair value measurements, but for some entities, the application of the statement will change current practice. This statement is effective for financial statements issued for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years. Effective July 1, 2008, we adopted SFAS No. 157, and have determined that it will not have a material effect on our financial statements.  In February 2007, the FASB issued SFAS No. 159, the Fair Value Option for Financial Assets and Financial Liabilities. SFAS 159 provides entities with an option to report selected financial assets and liabilities at fair value and establishes presentation and disclosure requirements designed to facilitate comparisons between companies that select different measurement attributes. SFAS 159 is effective for fiscal years beginning after November 15, 2007. Effective July 1, 2008, we adopted SFAS No. 159, and have determined that it will not have a material effect on our financial statements.  Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC did not, or are not believed by management to, have a material impact on the Companys present or future financial statements.   New Accounting Standards Not Yet Adopted  In December 2007, the FASB issued SFAS No. 141 (Revised 2007), Business Combinations - Revised 2007. SFAS 141 (R) provides guidance on improving the relevance, representational faithfulness, and comparability of information that a reporting entity provides in its financial reports about a business combination and its effects. SFAS 141R applies to business combinations where is the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008. We do not expect the adoption of SFAS No. 141 to have a material impact on our financial statements.  In December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements - an Amendment of Accounting Research Bulletin No. 51 (SFAS No. 160), which establishes accounting and reporting standards for ownership interests in subsidiaries held by parties other than the parent, the amount of consolidated net income attributable to the parent and to the noncontrolling interest, changes in a parents ownership interest and the valuation of retained noncontrolling equity investments when a subsidiary is deconsolidated. SFAS No. 160 also establishes reporting requirements that provide sufficient disclosures that clearly identify and distinguish between the interests of the parent and the interests of the non-controlling owners. SFAS No. 160 is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2008. The Company does not expect the adoption of SFAS No. 160 will have a material impact on our financial statements.  In March 2008, the FASB issued SFAS No. 161, "Disclosures about Derivative Instruments and Hedging Activities", an amendment of SFAS No. 133. SFAS 161 applies to all derivative instruments and non-derivative instruments that are designated and qualify as hedging instruments pursuant to paragraphs 37 and 42 of SFAS 133 and related hedged items accounted for under SFAS 133. SFAS 161 requires entities to provide greater transparency through additional disclosures about how and why an entity uses derivative instruments, how derivative instruments and related hedged items are accounted  for under SFAS 133 and its related interpretations, and how derivative instruments and related hedged items affect an entity's financial position, results of operations, and cash flows. SFAS 161 is effective as of the beginning of an entity's first fiscal year that begins after November 15, 2008. The Company does not expect the adoption of SFAS No. 161 will have a material impact on its financial condition or results of operation.  In May 2009, the FASB issued SFAS No. 165, Subsequent Events. The objective of SFAS No. 165 is to establish general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. In particular, this Statement sets forth the period after the balance sheet date during which management of a reporting entity should evaluate events or transactions that may occur for potential recognition or disclosure in the financial statements; the circumstances under which an entity should recognize events or transactions occurring after the balance sheet date in its financial statements; and the disclosures that an entity should make about events or transactions that occurred after the balance sheet date. SFAS No. 165 is effective for interim or annual financial periods ending after June 15, 2009. The adoption of this statement is not expected to have a material effect on our financial statements.  In June 2009, the FASB issued SFAS No. 168, The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles, a replacement of FASB Statement No. 162. SFAS No. 168 does not alter current U.S. GAAP, but rather integrates existing accounting standards with other authoritative guidance. SFAS No. 168 provides a single source of authoritative U.S. GAAP for nongovernmental entities and supersedes all other previously issued non-SEC accounting and reporting guidance. SFAS No. 168 is effective for interim and annual periods ending after September 15, 2009. The adoption of SFAS No. 168 will not have an impact on our results of operations or financial position.    NOTE 4  RELATED PARTY TRANSACTIONS AND BALANCES  For the period ending September 30, 2009, we accrued $4,500 for consulting fees for our President. We also paid $2,855 rent for our office space in Heidelberg, Germany, to the same officer. As of September 30, 2009, we owed our President $6,000 in accounts payable  related party, and $689 in shareholder advances. On July 2, 2009, we received an advance of $84,126 from our President in connection with a non-collateralized note payable. The note is payable on demand, and is therefore classified as a current liability, and bears no interest.      ITEM 2 - MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS  You should read this section in conjunction with our financial statements and the related notes included in this Form 10-Q.  Some of the information contained in this section or set forth elsewhere in this Form 10-Q, including information with respect to our plans and strategies for our business, statements regarding the industry outlook, our expectations regarding the future performance of our business, and the other non-historical statements contained herein are forward-looking statements.  The following discussion highlights the principal factors that have affected our financial condition and results of operations as well as our liquidity and capital resources for the periods described. This discussion contains forward-looking statements. Please see Forward-Looking Statements and Risk Factors for a discussion of the uncertainties, risks and assumptions associated with these forward-looking statements.  The following discussion and analysis of the Companys financial condition and results of operations are based on the Companys financial statements, which the Company has prepared in accordance with U.S. generally accepted accounting principles. You should read the discussion and analysis together with such financial statements and the related notes thereto.  Plan of Operations  A & J Venture Capital, Inc.s strategy is to pursue total or partial takeover of Chinese SME ́s with the scope of restructuring and improving their performance through the thorough application of modern management techniques.  This will be achieved through A&J Venture Capital Group ́s own staff or through the development of the subsidiaries existent staff.  A dynamically tailored package of activities design the Company will lead the subsidiaries to development stage.  Overall, during the next 12 months, we cannot predict accurately the amount of capital that we will need to accomplish our plan of operations. The amount of capital needed will vary depending on the projects that we seek.  If during the next 12 months, we are unsuccessful in effectuating our plan of operations as described above, we expect to incur total expenditures of at least $500,000. In this regard and during such period; we anticipate spending $20,000 on professional fees attributable to fulfilling our reporting obligations under the federals securities laws and $50,000 on general administrative costs and expenditures associated with complying with reporting obligations.  We anticipate that additional funding will be required in the form of equity financing from the sale of our common stock. However, we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock to fund our marketing plan and operations. We believe that debt financing will not be an alternative for funding the marketing plan. We do not have any arrangements in place for any future equity financing. If we are required to raise additional funds, substantial dilution may result to existing shareholders. Our auditors have raised substantial doubt concerning our ability to continue as a going concern. Please see our audited financial statements contained in our Form 10-K for the period ended June 30, 2009.  Results of Operations for the Three Months Ended September 30, 2009 and the Three Months Ended September 30, 2008  We did not earn any revenues for the period ended September 30, 2009 and 2008.  During the three months ended September 30, 2009, we incurred operating expenses in the amount of $12,393. These operating expenses were comprised of accounting and audit fees, general and management expenses, and transfer agent fees.  This compared to operating expenses of $2,889 for the three months ended September 30, 2008.  As of September 30, 2009, we had total assets of $79,270 and total liabilities of $96,302 compared total assets of $0 and $4,638 as of June 30, 2009.  Since we did not have a bank account, we were advanced funds for our overhead and operating expenses by our President since our inception, February 22, 2007. During the years ended June 30, 2009 and 2008, the former President was credited with various incurred general and administration fees of $17,400, and various fees of $7,090, respectively.  The former President of the Company provided management services to the Company at $500 per month, with $4,500 in fiscal year 2008, which we consider to be the fair value for such items. In 2008, the same officer advanced the Company $2,390 for working capital.  Our current President was credited with advancing $689 for corporate fees in the year ended June 30, 2009. We also accrued $1,500 for consulting fees and $950 for rent for our office space  for the same officer. No accruals to our President have been paid since he took office in 2009.  As of June 30, 2009 we owed our President $2,450 in accounts payable  related party, and $689 in shareholder advances. For the period ending September 30, 2009, we accrued $4,500 for consulting fees for our President. We also paid $2,855 rent for our office space in Heidelberg, Germany, to the same officer. As of September 30, 2009, we owed our President $6,000 in accounts payable  related party, and $689 in shareholder advances.   ITEM 2 - MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS- continued  Results of Operations for the Three Months Ended September 30, 2009 and the Three Months Ended September 30, 2009 - continued  Beginning June 1, 2009, we leased office space from our current President under a non-cancelable operating lease; previous to this we leased office space on a month to month basis.  Rent expense was $5,464 and $2,610 for the years ended June 30, 2009 and 2008, respectively.  We have not generated any revenue since inception and are dependent upon obtaining financing to pursue marketing and distribution activities. For these reasons, our auditors believe that there is substantial doubt that we will be able to continue as a going concern.  Liquidity and Capital Resources  As of September 30, 2009 the Company had a cash balance of $44,055, and as of June 30, 2009, the Company had no cash balance.  On July 2, 2009, we received an advance of $84,126 from our President in connection with a non-collateralized note payable. The note is payable on demand and bears no interest.  Through June 30, 2009, we had sold $42,000 in equity securities to pay for our business operations. We sold 13,500,000 shares of common stock to 30 unaffiliated shareholders on August 23, 2007 for total proceeds of $36,000 pursuant to Regulation S of the Securities Act.  We subsequently filed a Registration Statement on the Form SB-2 for this offering on October 2, 2007 and became effective on October 12, 2007. We have used these funds as working capital for administrative expenses and professional fee payments to third parties.  Also, we sold 18,000,000 shares of common stock to our officer and directors on June 29, 2007 and August 6, 2007 for total proceeds of $36,000 pursuant to Regulation S of the Securities Act  If the Company is not successful in generating sufficient liquidity from operations or in raising sufficient capital resources, on terms acceptable to it, this could have a material adverse effect on its business, results of operations liquidity and financial condition.  The Company presently does not have any available credit, bank financing or other external sources of liquidity, other than the net proceeds from the Offering. Due to its brief history and historical operating losses, the Companys operations have not been a source of liquidity. The Company will need to obtain additional capital in order to expand operations and become profitable. In order to obtain capital, the Company may need to sell additional shares of its common stock or borrow funds from private lenders. There can be no assurance that the Company will be successful in obtaining additional funding.  The Company will need additional investments in order to continue operations. Additional investments are being sought, but the Company cannot guarantee that it will be able to obtain such investments. Financing transactions may include the issuance of equity or debt securities, obtaining credit facilities, or other financing mechanisms. However, the trading price of the Companys common stock and a downturn in the U.S. stock and debt markets could make it more difficult to obtain financing through the issuance of equity or debt securities. Even if the Company is able to raise the funds required, it is possible that it could incur unexpected costs and expenses, fail to collect significant amounts owed to it, or experience unexpected cash requirements that would force it to seek alternative financing. Further, if the Company issues additional equity or debt securities, stockholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of the Companys common stock. If additional financing is not available or is not available on acceptable terms, the Company will have to curtail its operations.          ITEM 2 - MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS- continued  Critical Accounting Policies  Our financial statements are prepared in accordance with accounting principles generally accepted in the United States of America. Preparing financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions which affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the balance sheet dates, and the recognition of revenues and expenses for the reporting periods. These estimates and assumptions are affected by management's application of accounting policies.  Contractual Obligations  Beginning June 1, 2009, we leased office space from our current President under a non-cancelable operating lease; previous to this we leased office space on a month to month basis.  Rent expense was $5,464 and $2,610 for the years ended June 30, 2009 and 2008, respectively.  Future commitments pursuant to non-cancelable operating leases as of June 30, 2009 are set forth below:  2010$    10,445.  Off-Balance Sheet Commitments and Arrangements  We have not entered into any financial guarantees or other commitments to guarantee the payment obligations of any third parties. In addition, we have not entered into any derivative contracts that are indexed to our own shares and classified as shareholders equity, or that are not reflected in our consolidated financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. Moreover, we do not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to us or engages in leasing, hedging or research and development services with us.  Inflation  Inflation has not materially impacted our results of operations in recent years.   ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK  As a smaller reporting company (as defined by Item 10 of Regulation S-K), the Company is not required to provide information required by this Item, as defined by Regulation S-K Item 305(e).   ITEM 4T - CONTROLS AND PROCEDURES  Disclosure controls and procedures  As required by Rule 13a-15 under the Securities Exchange Act of 1934, as of the end of the period covered by this quarterly report, being August 31, 2009, we have carried out an evaluation of the effectiveness of the design and operation of our companys disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our management, including our Chief Executive Officer. Based upon that evaluation, our Chief Executive Officer concluded that our disclosure controls and procedures are effective as at the end of the period covered by this report. There have been no significant changes in our internal controls over financial reporting that occurred during our most recent fiscal quarter ended August 31, 2009 that have materially affected, or are reasonably likely to materially affect our internal controls over financial reporting.  Disclosure controls and procedures and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time period specified in the Securities and Exchange Commissions rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934 is accumulated and communicated to management, including our Chief Executive Officer to allow timely decisions regarding required disclosure.  Our management, including our Chief Executive Officer and Chief Accounting Officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be ITEM 4T - CONTROLS AND PROCEDURES - continued  considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of the controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected.  Changes in Internal Control over Financial Reporting  As described above there have been no changes in our internal control over financial reporting as defined in Rules 13a  15(f) and 15d  15(f) under the Exchange Act during the year ended June 30, 2009 that our certifying officers concluded materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.   PART II OTHER INFORMATION  ITEM 1 - LEGAL PROCEEDINGS  No officer, director, or persons nominated for these positions, and no promoter or significant employee of our corporation has been involved in legal proceedings that would be material to an evaluation of our management. We are not aware of any pending or threatened legal proceedings which involve A&J Venture Capital Group, Inc., Directors or Officers. Our Bylaws provide that we shall have a minimum of one director. There is no stated maximum number of directors allowed but such number may be fixed from time to time by action of the stockholders or of the directors. Our address for service of process in Nevada is 1802 N Carson St., Suite 212, Carson City NV 89701.   ITEM 1A - RISK FACTORS  Not Required   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 SECURITIES HOLDERS  No matters were submitted to a vote of security holders during the quarter ended September 30, 2009.   ITEM 5 - OTHER INFORMATION  None    ITEM 6 - EXHIBITS  ExhibitNumberDescription of Exhibit3.1(1)Articles of Incorporation3.2(1)By-Laws3.3(2)Certificate of Amendment, as filed with the Nevada Secretary of State31.1Section 302 Certification of Chief Executive Officer31.2Section 302 Certification of Chief Financial Officer32.1Section 906 Certification of Chief Executive Officer32.2Section 906 Certification of Chief Financial Officer   (1)Filed as an exhibit to our registration statement on Form SB-2 filed with the Commission on October 2, 2007.(2)Filed as an exhibit to our Form 8-K filed with Commission on June 6, 2008.    SIGNATURES  Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.   A&J VENTURE CAPITAL GROUP, INC.Date: November 16, 2009By:/s/ Andreas KlimmName: Andreas KlimmTitle: