**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM 10-Q**

 

|   

  

  

**R**

  

**QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the quarterly period ended June 30, 2010** 

**OR**

  

  

  

**£**

  

**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the transition period from ___________ to ___________** 

 

Commission file number **000-52822**

**SECURITY SOLUTIONS GROUP, INC****.**

** **(Exact name of small business issuer as specified in its charter)

 

 **Nevada**

 

 **20-8090735**

 (State or other jurisdiction of

incorporation or organization)

 

 (I.R.S. Employer

Identification Number)

 **3651 Lindell Road,**

**Suite D-150**

**Las Vegas NV**

 

 **89103**

 (Address of principal 

executive offices)

 

 (Zip Code)

 

**(702) 943-0302**

 (Issuer’s telephone number, including area code)

Indicate by check mark whether the Registrant (1) has 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 R     No £

Indicate by check mark whether the registrant has submitted electronically and  posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). 

Yes £      No £

1

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. (Check one):

  

  

  

  

  

  

  

Large accelerated filer o

  

Accelerated filer o

  

Non-accelerated filer o

  

Smaller reporting company þ

  

  

  

  

(Do not check if a smaller

 reporting company)

  

  

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

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

  

  

  

Class

  

Outstanding at August 4, 2010

**Common Stock, $.001 par value per share**

  

**32,720,000 shares**

2

**SECURITY SOLUTIONS GROUP, INC.**

 

**TABLE OF CONTENTS** 

 

 

 

**PAGE**

**PART I - FINANCIAL INFORMATION**

Item 1.  

Unaudited Financial Statements

4

Item 2.  

Management’s Discussion and Analysis of Financial Condition and Results of Operation or Plan of Operation
10

Item 3.  

Quantitative and Qualitative Disclosures About Market Risk

14

Item 4.  

Controls and Procedures

14

 

 

 

**PART II -OTHER INFORMATION**

Item 1.  

Legal Proceedings.

15

Item 2.  

Unregistered Sales of Equity Securities and Use of Proceeds.

15

Item 3.  

Defaults Upon Senior Securities.

15

Item 4.  

[REMOVED AND RESERVED]

15

Item 5.  

Other Information.

15

Item 6.  
Exhibits

15

 

 

 

**SIGNATURES  
16

 

  

3

 

**PART I - FINANCIAL INFORMATION**

**Item 1. Financial Statements
**Security Solutions Group, Inc.**

** (A Development Stage Company)**

**June 30, 2010**

**INDEX TO FINANCIAL STATEMENTS**

**Contents**

**Page(s)**

  

  

Balance Sheets as of June 30, 2010 (Unaudited) and December 31, 2009 

5

 

 

Statements of Operations for the three and six months ended June 30, 2010 and 2009 and for the period from December 22, 2006 (Inception) to June 30, 2010 (Unaudited) 

6

 

 

Statements of Cash Flows for the six months ended June 30, 2010 and 2009 and for the period from December 22, 2006 (Inception) to June 30, 2010 (Unaudited)

7

 

 

Notes to Financial Statements (Unaudited)

8

4

**SECURITY SOLUTIONS GROUP, INC.**

**(A Development Stage Company)**

**BALANCE SHEETS**

 

 

 

 

 

 

 

 

**June 30, 2010**

 

 

**December 31, 2009**

 

 

**(Unaudited)**

 

 

 

ASSETS

 

 

 

 

 

Current assets:

 

 

 

 

 

     Cash

$

2,955 

 

$

3,000 

 

 

 

 

 

 

     Total current assets

 

2,955 

 

 

3,000 

 

 

 

 

 

 

     Total assets

$

2,955 

 

$

3,000 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

 

 

 

 

Current liabilities:

 

 

 

 

 

     Accounts payable and accrued expenses

$

34,833 

 

$

34,712 

     Due to related parties

 

53,269 

 

 

37,725 

     Total current liabilities

 

88,102 

 

 

72,437 

 

 

 

 

 

 

     Total liabilities

 

88,102 

 

 

72,437 

 

 

 

 

 

 

Stockholders’ deficit:

 

 

 

 

 

     Common stock $0.001 par value, 500,000,000 

         shares authorized, 32,720,000 shares issued and 

         outstanding at June 30, 2010 and December 31, 

         2009

 

32,720 

 

 

32,720 

     Additional paid in capital

 

15,736 

 

 

15,736 

     Deficit accumulated during the development stage

 

(133,603)

 

 

(117,893)

 

 

 

 

 

 

     Total stockholders’ deficit

 

(85,147)

 

 

(69,437)

 

 

 

 

 

 

     Total liabilities and stockholders’ deficit

$

2,955 

 

$

3,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying notes to financial statements

5

**SECURITY SOLUTIONS GROUP, INC.**

**(A Development Stage Company)**

**STATEMENTS OF OPERATIONS**

**(Unaudited)**

 

 

 

 

 

 

 

 

 

**December 22,**

 

 

 

 

 

 

 

 

 

**2006**

 

 

 

**Three Months Ended**

 

 

**Six Months Ended**

 

 

**(inception) to**

 

 

 

**June 30,**

 

 

**June 30,**

 

 

**June 30,**

 

 

 

**2010**

 

 

**2009**

 

 

**2010**

 

 

**2009**

 

 

**2010**

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Professional fees

 

$

5,053 

 

 $ 

4,335 

 

$

14,078 

 

 $ 

12,245 

 

$

117,924 

 

General and administrative expenses

 

 

1,199 

 

 

- 

 

 

1,632 

 

 

- 

 

 

15,679 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      Total operating expenses

 

 

6,252 

 

 

4,335 

 

 

15,710 

 

 

12,245 

 

 

133,603 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(6,252)

 

 $ 

(4,335)

 

$

(15,710)

 

 $ 

(12,245)

 

$

(133,603)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding during the period - basic and diluted

 

 

32,720,000 

 

 

32,480,000 

 

 

32,720,000 

 

 

32,480,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share - basic and diluted

 

$

(0.00)

 

$

(0.00)

 

$

(0.00)

 

$

(0.00)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying notes to financial statements

6

**SECURITY SOLUTIONS GROUP, INC.**

**(A Development Stage Company)**

**STATEMENTS OF CASH FLOWS**

**(Unaudited)**

 

 

 

 

 

**December 22,**

 

 

 

 

 

**2006**

 

 

 

 

 

**(Inception) to**

 

 

**Six months ended June 30,**

 

 

**June 30,**

 

 

**2010**

 

 

**2009**

 

 

**2010**

**Cash flows from operating activities**

 

 

 

 

 

 

 

 

Net loss

$

(15,710)

 

$

(12,245)

 

$

(133,603)

Adjustments to reconcile net loss to net cash used in operating activities

 

 

 

 

 

 

 

 

Contributed capital-related party

-   

-   

680     

Changes in operating assets and liabilities

 

 

 

 

 

 

 

 

  

Accounts payable and accrued expenses

 

121 

 

 

7,575 

 

 

41,088 

 

 

 

 

 

 

 

 

 

 

Net cash used in operating activities

 

(15,589)

 

 

(4,670)

 

 

(91,835)

 

 

 

 

 

 

 

 

 

 

**Cash flows from financing activities**

 

 

 

 

 

 

 

 

    

Proceeds from related parties

 

15,544 

 

 

4,500 

 

 

86,291 

 

Proceeds from sale of common stock

 

- 

 

 

- 

 

 

4,499 

 

Proceeds from sale of common stock-related parties

 

- 

 

 

- 

 

 

4,000 

 

 

 

 

 

 

 

 

 

 

Net cash provided by financing activities

 

15,544 

 

 

4,500 

 

 

94,790 

 

 

 

 

 

 

 

 

 

 

Net increase (decrease) in cash

 

(45)

 

 

(170)

 

 

2,955 

 

 

 

 

 

 

 

 

 

 

Cash, beginning of period

 

3,000 

 

 

170 

 

 

- 

 

 

 

 

 

 

 

 

 

 

Cash, end of period

$

2,955 

 

$

- 

 

$

2,955 

 

 

 

 

 

 

 

 

 

 

**Supplemental disclosure of cash flow information:**

 

 

 

 

 

 

 

 

     Income taxes paid

$

- 

 

$ 

- 

 

$ 

- 

     Interest paid

$

- 

 

$ 

- 

 

$ 

- 

 

 

 

 

 

 

 

 

 

 

**Supplemental disclosure of non-cash financing activity:**

 

 

 

 

 

 

 

 

     Extinguishment of liabilities, net

$

- 

 

$

- 

 

$

(39,277)

See accompanying notes to financial statements

7

**Security Solutions Group, Inc.**

(A Development Stage Company)

Notes to Financial Statements

June 30, 2010

(Unaudited)

**Note 1 – Basis of Presentation**

The accompanying unaudited 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 United States Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, stockholders’ deficit or cash flows. 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 statement presentation.  The unaudited interim financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with the Management’s Discussion and Analysis, for the year ended December 31, 2009.The interim results for the period ended June 30, 2010 are not necessarily indicative of the results for the full fiscal year.

**Note 2 – Nature of Operations and Summary of Significant Accounting Policies**

**Nature of operations**

Security Solutions Group, Inc. (“SSG”) was incorporated in Florida on December 22, 2006.  SSG was formed to serve as a vehicle to effect an asset acquisition, merger, or business combination with a domestic or foreign business.

**Reclassifications**  

Certain amounts in the year 2009 financial statements have been reclassified to conform to the year 2010 presentation. The results of these reclassifications did not materially affect the Company’s financial position, results of operations or cash flows.

  

**Note 3 – Going Concern**

The accompanying financial statements have been prepared assuming the Company will continue as a going concern.  As shown in the accompanying financial statements, the Company has incurred a net operating loss of $15,710 for the six months ended June 30, 2010; a deficit accumulated during the development stage of $133,603 and a stockholders’ deficit of $85,147 as of June 30, 2010.  In addition, the Company is in the development stage and has not yet generated any revenues.  The ability of the Company to continue as a going concern is dependent on management’s plans, which include potential asset acquisitions, mergers or business combinations with other entities, further implementation of its business plan and continuing to raise funds through debt or equity raises. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.
8

**Note 4 – Related Party Transactions**

On April 1, 2009, DMP Holdings, Inc., (“DMP”) a privately held Utah company, acquired from various shareholders 32,312,000 shares of common stock of SSG at varying prices, which resulted in a change of control.  DMP beneficially and directly owns 32,312,000 shares of common stock which represents 98.75% of the outstanding shares of the common stock of the Company based on 32,720,000 shares outstanding as of June 30, 2010.

Operations since the change in control on April 1, 2009 have been funded solely by a company also owned by DMP.  As of June 30, 2010, $53,269 was owed to this related party, for which interest is not being charged and is payable on demand.

9

**Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
**CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS**

The information presented in Item 2 contains forward-looking statements. You should understand that forward-looking statements are only predictions reflecting our current beliefs and are based on information currently available to us. Although we believe that the assumptions reflected in our forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

You can identify a forward-looking statement by our use of a word such as “may”, “will”, “should”, “could”, “anticipate”, “believe”, “estimate”, “expect”, “intend”, “plan”, “predict”, “project”, “propose”, “potential” “continue” and similar terms and expressions, or the negative of these words or other variations on these words or comparable terminology.

In evaluating a forward-looking statement, you should understand that a forward looking statement involves known and unknown risks, uncertainties, contingencies, and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement. Known risks related to an investment in our Company, risks related to our business, and risks related to our securities are identified in our Annual Report on Form 10-K for the year ended December 31, 2009  and are incorporated herein by reference. You should also understand that we have no obligation and do not undertake to update or revise forward-looking statements made in this Report to reflect events or circumstances occurring after the date of this Report.

**Background**

Corporate Equity Investments, Inc. (“CEI”) was incorporated under the laws of the State of Florida on December 22, 2006.   On July 30, 2009, the Board of Directors and a majority of the shareholders approved the filing of Articles of Conversion with the Nevada Secretary of State which effectively changed the domicile of CEI from Florida to Nevada and changed the name of the Company from Corporate Equity Investments, Inc. to Security Solutions Group, Inc. (the "Company", “SSG”,  "our", "us" or "we").  In conjunction with the incorporation in the State of Nevada, SSG increased its number of authorized shares of common stock from 100,000,000 to 500,000,000. On August 6, 2009, the Board of Directors of the Company approved an 8 to 1 forward common stock split to all shareholders of record on August 6, 2009.  All stock transactions noted herein have been adjusted to account for the forward stock split unless otherwise noted.  We have been in the developmental stage since inception and have conducted virtually no business operations, other than organizational and administrative activities.  We own no real estate or personal property.  Our business purpose is to seek the acquisition of, or merger with, an existing company. On April 1, 2009, DMP Holdings, Inc., (“DMP”) acquired 32,312,000 shares of common stock of the Company  resulting in DMP owning 99.48% of the outstanding shares of the Company’s common stock and effected a change of control. The Company filed a Current Report on Form 8-K with the United States Securities and Exchange Commission (“SEC”) on April 7, 2009.  

10

**Description of Business**

Our discussion of the proposed business under this caption and throughout this Form 10-Q is purposefully general and is not meant to restrict our virtually unlimited discretion to search for and enter into potential business opportunities.

Based on our business activities, we are a "blank check" company. The U.S. Securities and Exchange Commission (the "SEC") defines such companies as "any development stage company that is issuing a penny stock, within the meaning of Section 3 (a)(51) of the Securities Exchange Act of 1934, as amended, (the "Exchange Act") and that has no specific business plan or purpose, or has indicated that its business plan is to merge with an unidentified company or companies." Under SEC Rule 12b-2 under the Securities Act of 1933, as amended (the "Securities Act"), we also qualify as a "shell company," because we have no or nominal assets (other than cash) and no or nominal operations. Many states have enacted statutes, rules and regulations limiting the sale of securities of "blank check" companies in their respective jurisdictions. No trading market currently exists for our securities, and Management does not intend to undertake any efforts to cause a market to develop in our securities, either debt or equity, or to register any securities under the Securities Act or state blue sky laws or the regulations there under until we have successfully concluded a business combination. We intend to comply with the periodic reporting requirements of the Exchange Act for so long as we are subject to those requirements.

We were organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation.  Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. We will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business. 

We have conducted no business operations to date and expect to conduct none in the future, other than our efforts to effectuate a business combination.  We therefore, can be characterized as a "shell" corporation. As a "shell" corporation, we face risks inherent in the investigation, acquisition, or involvement in a new business opportunity. Further, as a "development stage" or "start-up" company, we face all of the unforeseen costs, expenses, problems, and difficulties related to such companies, including whether we will continue to be a going concern entity for the foreseeable future.

 

We may consider a business which has recently commenced operations, is a developing company in need of additional funds for expansion into new products or markets, is seeking to develop a new product or service, or is an established business which may be experiencing financial or operating difficulties and is in need of additional capital. In the alternative, a business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur in a public offering.

We do not currently engage in any business activities that provide cash flow. The costs of investigating and analyzing business combinations for the next 12 months and beyond such time will be paid with money in our treasury, if any,  with additional money contributed by our stockholders, via borrowings from a related entity, or another source.

 

During the next 12 months, we anticipate incurring costs related to filing of Exchange Act reports and costs relating to consummating an acquisition. We believe we will be able to meet these costs through use of funds in our treasury and additional amounts, as necessary, to be loaned to or invested in us by our stockholders, management or other investors.

11

There are no acquisitions, business combinations, or mergers pending or which have occurred involving the Company. Presently, we have no plans, proposals, agreements, understandings or arrangements of any kind or nature whatsoever to acquire or merge with any specific business or company, and we have not identified any specific business or company for investigation and evaluation.

Our management anticipates that it will likely be able to effect only one business combination, due primarily to our limited financing, and the dilution of interest for present and prospective stockholders, which is likely to occur as a result of our management's plan to offer a controlling interest to a target business in order to achieve a tax-free reorganization. This lack of diversification should be considered a substantial risk in investing in us, because it will not permit us to offset potential losses from one venture against gains from another.

We anticipate that the selection of a business combination will be complex and extremely risky. Because of general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking even the limited additional capital that we will have and/or the perceived benefits of becoming a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock. Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.

The Company may consider a business which has recently commenced operations, is a developing company in need of additional funds for expansion into new products or markets, is seeking to develop a new product or service, or is an established business which may be experiencing financial or operating difficulties and is in need of additional capital. In the alternative, a business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur in a public offering.

***Liquidity and Capital Resources***

As of June 30, 2010, the Company had $2,955 cash generated primarily from the sale of 240,000 shares of common stock during July 2009. The Company’s current liabilities as of June 30, 2010 totaled approximately $88,000, comprised of accounts payable and amounts payable to a related party.  This compares to the Company’s current liabilities as of December 31, 2009 of approximately $72,000 which comprised of accounts payable and related party payables.  

The Company can provide no assurance that it can continue to satisfy its cash requirements for at least the next twelve months.

12

The following is a summary of the Company's cash flows provided by (used in) operating, investing, and financing activities:

 

  

  

 

 

 

**Period From**

**December**

**22, 2006**

**(Inception)  to**

**June 30, 2010**

**  **

**  **

**  **

**Six Months Ended June 30,**

**  **

**  **

**  **

**  **

**  **

**2010**

 

 

**2009**

  

  

  

Net cash used in operating activities

  

$

(15,589)

  

  

$

(4,670)

  

  

$

(91,835)

  

Net cash used in investing activities

  

  

-

  

  

  

-

  

  

  

-

  

Net cash provided by financing activities

  

  

 15,544

  

  

  

4,500

  

  

  

94,790

  

Net effect on cash

  

 $ 

      (45)

  

  

 $ 

(170)

  

  

 $ 

    2,955

  

The Company has generated no revenues since inception. The Company is also dependent upon the receipt of capital investments or other financing to fund its ongoing operations and to execute its business plan of seeking a combination with a private operating company. Recurring expenses, which include accounting, auditing, legal, and administrative expenses, have averaged $2,600 per month for the six months ending June 30, 2010, and are expected to continue until such time as we execute our business plan to acquire or merge with a private operating company.  In addition, the Company is dependent upon its largest shareholders and new investors to provide continued funding and capital resources. If continued funding and capital resources are unavailable at reasonable terms, the Company may not be able to implement its plan of operations.

***Results of Operations***

The Company has not conducted any active operations since inception, except for its efforts to locate suitable acquisition candidates. No revenue has been generated by the Company from December 22, 2006 (Inception) to June 30, 2010. It is unlikely the Company will have any revenues unless it is able to effect an acquisition or merger with an operating company, of which there can be no assurance. It is management's assertion that these circumstances may hinder the Company's ability to continue as a going concern.  The Company’s plan of operation for the next twelve months shall be to continue its efforts to locate suitable acquisition candidates. 

For the three months ending June 30, 2010 and 2009, the Company had a net loss from operations of approximately $6,000 and $4,000, respectively, consisting of legal, accounting, audit and other professional service fees incurred in relation to the filing of its Quarterly Reports on Form 10-Q for the three months ended March 31, 2010 and 2009, as well as certain costs necessary to run a public company.  

For the six months ending June 30, 2010 and 2009, the Company had a net loss from operations of approximately $16,000 and $12,000, respectively, consisting of legal, accounting, audit and other professional service fees incurred in relation to the filing of its Annual Reports on Form 10-K for fiscal year 2009 and 2008, and its Quarterly Reports on Form 10-Q for the three months ended March 31, 2010 and 2009, as well as certain costs necessary to run a public company.  

For the period from December 22, 2006 (Inception) to June 30, 2010, the Company had a net loss from operations of approximately $134,000, comprised mostly of legal, accounting, audit and other professional service fees incurred in relation to various annual and quarterly filings of the Company’s with the SEC in addition to those costs noted above.

13

***Off-Balance Sheet Arrangements***

The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.  

***Contractual Obligations***

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

 

**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.

**Item 4. Controls and Procedures.**

The Company’s disclosure controls and procedures are designed to ensure that information required to be disclosed in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC. Management, including our Chief Executive Officer/Principal Financial Officer, has reviewed the effectiveness of the Company’s disclosure controls and procedures and have concluded that the disclosure controls and procedures, as of June 30, 2010, are effective in timely alerting management to material information relating to the Company that is required to be included in its periodic filings with the Commission.

 

In connection with its evaluation during the quarterly period ended June 30, 2010, the Company has made no change in the Company’s internal controls over financial reporting that has materially affected or is reasonably likely to materially affect the Company’s internal controls over financial reporting. There also were no significant deficiencies or material weaknesses identified for which corrective action needed to be taken.

14

**PART II - OTHER INFORMATION**

**Item 1. Legal Proceedings**

     Not applicable.

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

None.

**Item 3. Defaults Upon Senior Securities**

     None.

**Item 4. [REMOVED AND RESERVED]**

**Item 5. Other Information**

None.

**Item 6.  Exhibits**

Copies of the following documents are included as exhibits to this report pursuant to Item 601 of Regulation S-B. 

**SEC Ref. No.**

**Title of Document**

 

 

31.1

Certification of the Principal Executive Officer/ Principal Financial Officer pursuant

 

to Section 302 of the Sarbanes-Oxley Act of 2002*

 

 

32.1

Certification of the Principal Executive Officer/ Principal Financial Officer pursuant to 

 

U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 

 

2002*

 

* Filed herewith.

15

**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.

 

 

**SECURITY SOLUTIONS GROUP, INC.**

 

 

 

 

 

Date: August 4, 2010

By: 

/s/ *Phil Viggiani*

 

 

 

Phil Viggiani

 

 

 

President, Secretary and Treasurer

(Principal Accounting Officer and Authorized Officer)

 

 

 

 

 

16********** |
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