<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

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

                      For the quarter ended March 31, 2002
                                       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: 1-12536
                         -------------------------------

                         STRATEGIC SOLUTIONS GROUP, INC.
                         -------------------------------
             (Exact name of Registrant as specified in its charter)


     Delaware                                         11-2964894
----------------------------------     --------------------------------------
(State or other jurisdiction of         (I.R.S. Employer Identification  No.)
incorporation or organization)

1598 Whitehall Road, Suite E
Annapolis, Maryland                                                    21401
----------------------------------                                     -----
(Address of principal executive offices)                            (Zip Code)

Registrant's telephone number,
including area code:                                          (410) 757-2728
                                                              --------------

                                 Not applicable
--------------------------------------------------------------------------------
(Former name, former address and former fiscal year if changed
since last report)

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  X   No
                                     ---     ---


     8,659,195 Common Shares, $.0001 par value were issued and outstanding at
April 30, 2002.

                         STRATEGIC SOLUTIONS GROUP, INC.

<PAGE>

                                TABLE OF CONTENTS

                                                                        Page No.
                                                                        --------

Part I - Financial Information (unaudited)

Consolidated Balance Sheets, March 31, 2002 and
    December 31, 2001.                                                      3

Consolidated Statements of Operations for the three
    months ended March 31, 2002 and 2001                                    4

Consolidated Statements of Cash Flows for the three
    months ended March 31, 2002 and 2001                                    5

Notes to Consolidated Financial Statements                                  6

Management's Discussion and Analysis of Financial
    Condition and Results of Operations                                     9


Part II - Other Information

Item 1.  Legal Proceedings                                                 11

Item 2.  Changes in Securities and Use of Proceeds                         11

Item 3.  Defaults Upon Senior Securities                                   11

Item 4.  Submission of Matters to a Vote of Security Holders               11

Item 5.  Other Information                                                 11

Item 6.  Exhibits and Reports on Form 8-K                                  11


                                       2

<PAGE>

                 STRATEGIC SOLUTIONS GROUP, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)

<TABLE>
<CAPTION>


                                                                             March 31,    December 31,
                                                                                2002         2001
                                                                           ------------  -------------
                                          ASSETS
                                          ------
<S>                                                                        <C>            <C>
Current assets:
    Cash and cash equivalents                                              $    116,639   $   105,430
    Accounts receivable, net of $25,000 allowance for doubtful accounts          96,861       274,793
    Prepaid expenses and other current assets                                    38,719        25,923
                                                                           -------------  ------------
      Total current assets                                                      252,219       406,146

Property and equipment, net                                                      18,416        22,432
Investments                                                                          --        19,139
Other assets                                                                      8,233         8,233
                                                                           -------------  ------------
                                                                           $    278,868   $   455,950
                                                                           =============  ============
<CAPTION>




                             LIABILITIES AND STOCKHOLDERS' DEFICIT
                             -------------------------------------
<S>                                                                        <C>            <C>
Current liabilities
    Accounts payable and accrued liabilities                               $    204,616   $   197,054
    Short-term debt                                                              84,358        88,000
    Deferred revenue                                                              3,233         5,893
                                                                           -------------  ------------
      Total current liabilities                                                 292,207       290,947
Convertible subordinated debentures -- related party                            445,726       431,565
                                                                           -------------  ------------
      Total liabilities                                                         737,933       722,512
                                                                           -------------  ------------
Commitments and contingencies                                                        --            --
Stockholders' deficit
    Common stock, $.0001 par value.  Authorized 25,000,000
      shares; issued and outstanding 8,692,528 and 8,792,528
      shares as of March 31, 2002 and December 31, 2001,
      respectively                                                                  869           879
    Additional paid-in capital                                               16,053,896    16,053,886
    Accumulated deficit                                                     (16,513,830)  (16,340,466)
    Accumulated other comprehensive income                                           --        19,139
                                                                           -------------  ------------
      Total stockholders' deficit                                              (459,065)     (266,562)
                                                                           -------------  ------------
                                                                           $    278,868       455,950
                                                                           =============  ============
</TABLE>

The accompanying notes are an integral part of these consolidated financial
 statements.

                                       3

<PAGE>

                 STRATEGIC SOLUTIONS GROUP, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
               FOR THE THREE MONTHS ENDED MARCH 31, 2002 and 2001
                                   (Unaudited)



                                                          Three months ended
                                                               March 31,
                                                     ---------------------------
                                                         2002           2001
                                                     -------------  ------------
Revenues

    Service                                          $     91,359   $   295,393
    Royalty                                                 2,007         1,576
                                                     -------------  ------------
            Total revenue                                  93,366       296,969
                                                     -------------  ------------
Expenses
    Cost of service                                       108,156       223,439
    Selling, general and administrative                   170,462       256,739
                                                     -------------  ------------
            Total operating expenses                      278,618       480,178
                                                     -------------  ------------
Loss from operations                                     (185,252)     (183,209)
                                                     -------------  ------------

Other income                                               13,009            11
Interest expense and other, net                           (31,963)      (10,873)
Gain on investments                                        30,842             -
                                                     -------------  ------------
             Total other income (expense)                  11,888       (10,862)
                                                     -------------  ------------

Net Loss                                             $   (173,364)  $  (194,071)
                                                     =============  ============



Loss per common share - Basic and Diluted            $      (0.02)  $     (0.02)
                                                     =============  ============
Weighted average number of common shares
    outstanding - basic and diluted                     8,741,787     8,261,134
                                                     =============  ============

The accompanying notes are an integral part of these consolidated financial
 statements.

                                       4

<PAGE>

                 STRATEGIC SOLUTIONS GROUP, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
               For the three months ended March 31, 2002 and 2001
                                   (Unaudited)


                                                         Three Months Ended
                                                             March 31,
                                                     ---------------------------
                                                         2002          2001
                                                     -------------  ------------
Cash flows from operating activities
  Net Loss                                           $   (173,364)  $  (194,071)
  Adjustments to reconcile net loss to net cash
       used in operating activities
    Depreciation and amortization                           4,016         7,119
    Amortization of deferred financing costs                9,361         3,635
    Amortization of beneficial conversion
       feature on convertible subordinated debentures       4,800             -
    Registration penalties waived                         (12,567)            -
    Gain on sale of investments                           (30,892)            -
    Increase (decrease) in cash from changes in
       assets and liabilities:
       Accounts receivable                                177,932       (66,005)
       Prepaid expenses and other current assets           13,381        10,635
       Other assets                                             -         5,266
       Accounts payable and accrued liabilities            14,310        60,659
       Deferred revenue                                    (2,660)      (78,725)
                                                     -------------  ------------
    Net cash provided by (used in) operating
       activities                                           4,367      (251,487)
                                                     -------------  ------------
Cash flows from investing activities
    Proceeds from the sale of investments                  30,842             -
                                                     -------------  ------------
    Net cash provided by investing activities              30,842             -
                                                     -------------  ------------
Cash flows from financing activities
    Proceeds from issuance of convertible
    subordinated debenture                                      -        50,000
    Proceeds from short-term debt, net                    (24,000)       78,667
                                                     -------------  ------------
    Net cash provided by (used in)
       financing activities                               (24,000)      128,667
                                                     -------------  ------------
Net increase (decrease) in cash and cash
       equivalents                                         11,209      (122,820)
Cash and cash equivalents, beginning of period            105,430       219,537
                                                     -------------  ------------
Cash and cash equivalents, end of period             $    116,639   $    96,717
                                                     =============  ============

Supplemental disclosures of cash paid:
    Interest                                         $     23,047   $       945
    Income taxes                                                -             -

Supplemental schedule of noncash investing and
       financing activities:
    Stock issued in connection with the sale of
       convertible debentures                        $          -   $    10,940
    Beneficial conversion feature related to
       convertible debenture                                    -        11,000

  The accompanying notes are an integral part of these consolidated financial
                                   statements.

                                       5

<PAGE>

                 STRATEGIC SOLUTIONS GROUP, INC. AND SUBSIDIARY

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                   (Unaudited)

1.  FINANCIAL STATEMENT PRESENTATION

Strategic Solutions Group, Inc. (the "Company") has prepared the accompanying
unaudited condensed consolidated financial statements pursuant to the rules and
regulations of the Securities and Exchange Commission. These financial
statements should be read together with the financial statements and notes in
the Company's 2001 Annual Report on Form 10-KSB filed with the Securities and
Exchange Commission. Certain information and footnote disclosures normally
included in financial statements prepared in accordance with generally accepted
accounting principles have been condensed or omitted. The accompanying condensed
consolidated financial statements reflect all adjustments and disclosures which,
in our opinion, are necessary for fair presentation. All such adjustments are of
a normal recurring nature. The results of operations for the interim periods are
not necessarily indicative of the results of the entire year.


2.  INVESTMENTS

During the three months ended March 31, 2002, the Company disposed of the
remaining 34,177 shares of High Speed Access stock it held for $30,842.

3.  LINE OF CREDIT

At March 31, 2002 the Company had a line of credit with a bank allowing for
borrowings up to $100,000 for working capital. The Company had no borrowings due
on its line of credit at March 31, 2002. The line is secured by the assets of
the Company, and bears interest at the prime rate (4.75% at March 31, 2002) plus
2%.

4.  CONVERTIBLE SUBORDINATED DEBT - RELATED PARTY

Convertible subordinated debentures consisted of the following at March 31,
2002:

       Convertible subordinated debt (1)               $    350,000
       Convertible subordinated debt (2)                    250,000
                                                       --------------

       Subtotal                                             600,000
       Less: unamortized debt discount                     (154,274)
                                                       --------------

       Convertible subordinated debt, net              $    445,726
                                                       ==============

(1)  On March 27, 2001, the Company executed Subscription Agreements with
     certain existing shareholders, directors and members of executive
     management for the sale of fourteen units for a total of $350,000. Each
     unit consists of 50,000 shares of Company common stock and a $25,000
     convertible subordinated debenture, bearing interest at 10%, due in 2005.
     The convertible subordinated debentures are convertible at the holder's
     option, at any time, into shares of the Company's common stock at a
     conversion price of $0.10 per share (the closing market price on March 27,
     2001).

     These debentures bear interest at 10%, with principal and accrued interest
     due in March and April 2005, and are convertible, by the holder at any
     time, into shares of the Company's common stock, with the number of shares
     determined by dividing the unpaid principal balance and all accrued
     interest by $0.10. The Company calculated the value of the 700,000 shares
     of common stock issued as part of these units as $77,000 based on the
     closing market price on March 27, 2001 (the "Commitment Date"). The Company
     recorded the market value of the 700,000 shares of common

                                        6

<PAGE>

     stock issued as part of these units as a discount to the convertible
     debentures and as common stock and additional paid in capital. The Company
     also calculated the value of the beneficial conversion feature associated
     with these debentures in accordance with EITF 98-5: Accounting for
     Convertible Securities and Beneficial Conversion Features or Contingently
     Adjustable Conversion Ratios, of approximately $77,000 at the Commitment
     Date. The total discount of $154,000 is being amortized over the holding
     period of the debentures.

     The Company has the right to redeem the debentures at redemption prices
     increasing from 125% of the principal amount of the debenture, if redeemed
     before the first anniversary of the Issuance Date, to 175% of the principal
     amount of the debenture between the second and third anniversary dates of
     the Issuance Date. Within ten (10) days of receipt of notice of redemption,
     the holder of the debenture has the right to convert the redemption
     proceeds into common stock at $0.10 per share.

(2)  On February 24, 2000 ("Issuance Date"), the Company issued a convertible
     subordinated debenture for $250,000. This debenture bears interest at 10%,
     matures February 24, 2004 and is convertible into common stock, beginning
     the earlier of 180 days after the Issuance Date or the effective date of
     the Registration Statement filed pursuant to a Registration Rights
     Agreement, at a conversion price of $0.28 (the "Conversion Price").

     The Company has the right to redeem this debenture at redemption prices
     increasing from 125% of the principal amount of the debenture, if redeemed
     before the first anniversary of the Issuance Date, to 200% of the principal
     amount of the debenture after the third anniversary date of the Issuance
     Date. Upon notice of redemption, the holder of the debenture has the right
     to convert the redemption proceeds into common stock at the above
     Conversion Price.

     In connection with the issuance of this debenture, the Company issued a
     stock purchase warrant for the purchase of up to 250,000 shares of the
     Company's common stock at $0.75 per share. This stock purchase warrant
     expires on February 24, 2004. Based on the relative fair value of the
     debenture and stock purchase warrant, the stock purchase warrant has been
     assigned a value of $22,500, which represents a debenture discount and will
     be amortized to interest expense over the life of the debenture. This fair
     value of the warrants was calculated using the Black-Scholes option pricing
     model with the following assumptions: risk free rate of return of 5.7%;
     expected warrant lives of four years; volatility of 125%; and a dividend
     yield of 0%.

     As part of the debenture, the Company also issued 250,000 shares of its
     common stock to the investor. The Company recorded the market value of
     these shares as an additional debenture discount and as common stock and
     additional paid in capital.

     In connection with these investments, the Company entered into a
     registration rights agreement with this investor that required the Company
     to file a registration statement with the SEC registering the shares of
     common stock related to these investments or incur penalties.

     The Company adopted Emerging Issues Task Force ("EITF") Issue 00-27,
     "Application of EITF 98-5, `Convertible Securities with Beneficial
     Conversion Features or Contingently Adjustable Conversion Ratios' to
     Certain Convertible Instruments" during the fourth quarter of 2000. EITF
     00-27 requires that a convertible instrument's beneficial conversion
     feature be measured using an effective conversion price. As a result, the
     value assigned to the original issue discount on the convertible debt
     securities issued by the Company in the private placement of the
     convertible subordinated debentures completed in February 2000 was
     increased by $57,789. In accordance with the consensus, this additional
     original discount was expensed in 2000 and recognized as the
     cumulative effect of a change in accounting principle.

5. STOCKHOLDERS' EQUITY

                                       7

<PAGE>

On August 15, 2001, the Company entered into a stock repurchase agreement with a
shareholder whereby the Company agreed to repurchase 750,000 shares
("Repurchased Shares") of common stock held by the shareholder for an aggregate
purchase price of $180,000. Of such Repurchased Shares, 250,000 shares were paid
for in cash for $60,000 and the remaining 500,000 shares were paid for in the
form of a promissory note in the principal amount of $120,000. The promissory
note calls for fifteen monthly payments of $8,000 plus interest, with each
payment repurchasing 33,333 shares of common stock. The shareholder also agreed
to waive, prorata as the note is repaid, $94,250 of previously accrued penalties
the Company has incurred in connection with not registering these shares for
resale. The Company has recorded the unpaid portion, $64,000, of the promissory
note as a reduction of paid in capital. The Company has recorded as other income
$12,567 of the accrued penalties waived for the three months ended March 31,
2002. The balance of the accrued penalties at March 31, 2002 is $33,511.

6. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share for each period presented is computed by
dividing net income (loss) by the weighted average number of shares of common
stock outstanding during the period. Diluted earnings per share reflects the
dilutive effect of additional shares of common stock that could be issued upon
the exercise of outstanding stock options and the conversion of the convertible
subordinated debenture.

The diluted share base for the three months ended March 31, 2002 and March 31,
2001 excludes incremental shares of 602,735 and 589,643, respectively, related
to stock options and shares issued on the conversion of convertible debt. These
shares are excluded due to their antidilutive effect as a result of the
Company's net loss.

                                       8

<PAGE>

           Management's Discussion and Analysis of Financial Condition
                            and Results of Operations

Overview
--------

The Company's revenues are comprised of service fees, product sales, and
royalties. Service fees are generated from the development of custom multimedia
software. Royalties are paid to the Company by customers who resell copies of
software developed by the Company for such customers.

Results of Operations
---------------------

Three Months Ended March 31, 2002 Compared to Three Months Ended March 31, 2001

Total revenues for the three months ended March 31, 2002 were $93,366 as
compared to $296,969 for the same period of 2001. The decrease in revenues of
$203,603 reflects the general downturn in our economy during the previous two
quarters. We have experienced a shift in our business cycle so that contracts
traditionally procured and producing revenue during the first quarter are
lagging behind. Although we experienced this decrease in revenue we have
improved on our overall loss situation by approximately $20,000. We are
optimistic that the Company's strategy to increase revenues prospectively from
custom multimedia software development services which includes targeting its
sales and marketing efforts of technology-based training solutions to the
manufacturing and transportation industries will show recovery during the
current quarter.

The Company has entered into agreements that allow certain customers to resell
copies of the Company's software products in exchange for royalty payments.
Royalties were $2,007 during the three months ended March 31, 2002, as compared
to $1,576 for the same period of the prior year. The Company generally expects
royalty revenue to remain constant with current levels due to the aging shelf
life of products for which the Company currently receives royalties. However,
the Company continually explores additional marketing and development partners
to increase revenues generated from royalty arrangements.

The net loss and loss per share were $173,364 and $0.02 per share, respectively,
for the three months ended March 31, 2002, as compared to $194,071 and $0.02,
respectively, for the same period of the prior year. The decrease in net loss of
approximately $21,000 is primarily due to efficiencies of operations and the
recognition of previously accrued registration penalties waived and included in
other income (see Note 5 to consolidated financial statements).

During the three months ended March 31, 2002, the cost of service fees was
$108,156 as compared to $223,439, for the same period of the prior year,
resulting in gross margins of approximately (18)% and 25%, respectively. This is
primarily due to the reduction of existing contract backlog, and inability to
generate new contracts. With aggressive cost cutting measures, the Company was
able to keep the cost of service fees at a minimum, but still experienced
negative gross margins. Management believes that new contracts will be generated
in the second quarter of 2002, and if enough contracts are secured, gross
margins should return to around 50%.

During the three months ended March 31, 2002, total operating expenses were
$278,618 as compared to $480,178 in the same period of the prior year, a
decrease of approximately $202,000. This decrease was primarily attributable to
the significant restructuring of the production process and cut back on
professional staff. There were no research and development expenses for the
three months ended March 31, 2002 nor 2001.

During the three months ended March 31, 2002, selling, general and
administrative expenses were $170,462 as compared to $256,739 in the same period
of the prior year, a decrease of approximately $86,000, or 34%. The decrease is
primarily the result of the adoption of significant cost cutting procedures.

                                       9

<PAGE>

During the three months ended March 31, 2002, other expense increased by
approximately $21,000. The increase is the result of interest expense and
amortization of discount and issue costs related to the Convertible Subordinated
Debentures which was recorded during 2001.

Cash Flow, Liquidity and Capital Resources
------------------------------------------

For the three months ended March 31, 2002, the Company provided cash of $4,367
from operations. In addition to the net loss, the Company experienced a net
increase in prepaid expenses and accounts payable and accrued liabilities and a
decrease in accounts receivable and deferred revenue. The Company received net
cash of $30,842 from investing activities. The Company used net cash of $24,000
from financing activities.

Our financial statements have been prepared on a going concern basis, which
contemplates the realization of assets, and the satisfaction of liabilities in
the normal course of business. Our auditors have included in their Report of
Independent Certified Public Accountants dated January 25, 2002, a fourth
(explanatory) paragraph drawing attention to factors that raise substantial
doubt about our ability to continue as a going concern. We have experienced net
losses in the quarter ended March 31, 2002 and during the year ended December
31, 2001 and currently have a working capital deficit. At May 10, 2002, we have
$86,700 available to us under our $100,000 line of credit.

In order for us to be successful, we need to increase both our sales and our
customer mix. We are dependent primarily on one customer, who provides 58% and
87% of our revenue during the three months ended March 31, 2002 and the year
ended December 31, 2001, respectively. Our relationship with this customer is
good. Our anticipated cash flow from operations is largely dependent upon our
ability to achieve our sales and gross profit objectives. Our contract backlog
at March 31, 2002 was $227,712 which represents a $837 increase from our backlog
at December 31, 2001. As previously discussed, our sales for the three months
ended March 31, 2002 are lower than what we expected. We believe we are in the
final stages of negotiations with our largest customer for a significant
contract. Should we not be successful in closing this contract we may, without
additional new sales or equity financing, be unable to continue as a going
concern. We are not currently pursuing additional equity financing due to the
state of the capital markets for companies in our market segment. Should we
begin this process, we cannot provide any assurance that we will be able to
secure the needed funds or that should we be able to obtain these funds, that
they will be on terms acceptable to us.

Although we are hopeful that operating results will improve, there can be no
assurances that positive results will occur. We may experience adverse results
of operation in the future, and if we do, we may not be able to satisfy our
current obligations in the normal course of business or obtain additional
investment capital on terms acceptable to us, or at all.

Strategy to Achieve Profitable Operations

During 1998, management laid out its Strategy to Achieve Profitable Operations,
which included intensified development of its technology-based training
software, greater penetration of the needs of existing, major customers, initial
exploitation of the internet applications for Company's expertise and careful
management. In 2000 the Company began to stabilize its business. While it has
been successful to date, there are no assurances that the Company will continue
to achieve its strategy.

The Company's Profit Strategy For 2002 focuses on maintaining and increasing
profitability. Achievement of this goal will be accomplished by procuring
additional contracts and meeting production deadlines.

 "Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: The statements contained in this document and other statements which are
not historical facts are forward looking statements that involve risks and
uncertainties, including, the success of newly implemented sales strategies; the
continued existence of agreements with product providers; market acceptance of
the Company's products and services; the ability to obtain a larger number and
size of contracts; the timing of contract awards; work performance and customer
response; the impact of competitive products and pricing; technological
developments by the Company's

                                       10

<PAGE>

competitors or difficulties in the Company's research and development efforts;
and other risks as detailed in the Company's Securities and Exchange Commission
filings.

PART II - OTHER INFORMATION

Item 1.   Legal Proceedings:
          -----------------

     The Company is not subject to any other legal proceedings other than claims
     that arise in the ordinary course of its business.

Item 2.   Changes in Securities and Use of Funds:      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 and Reports on Form 8-K:
          --------------------------------

          (a) Exhibits - None

          (b) No reports on Form 8-K were required to be filed for the three
           months ended March 31, 2002.

                                    SIGNATURE

In accordance with the requirements of the Exchange Act, the Registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.

                                   STRATEGIC SOLUTIONS GROUP, INC.
                                   -------------------------------
                                   (Registrant)

Dated: May 15, 2002                BY: /s/ Ernest Wagner
                                       -----------------
                                       Ernest Wagner
                                       President, Chief Operating Officer

                                       11