---

**UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION**
  Washington, D.C. 20549

FORM 10-QSBQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
  SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended **March 31, 2005**

**SALAMON GROUP, INC.**
  (Name of Small Business Registrant in its charter)

|Nevada                                   | **93-1324674**                      
|---------------------------------------- | ------------------------------------
|(State or other jurisdiction of          | (I.R.S. Employer Identification no.)
|incorporation or organization)           |                                     
|                                         | **V6E 1A3**                         
|302-1028 Alberni Street                  | (Zip Code)                          
|**Vancouver, B.C., Canada, V6E 1A3**     |                                     
|(Address of principal executive offices) |                                     

**(604) 408-3861** 
  (Issuer's telephone number)

Securities to be registered under Section 12(b) of the Act:

|Title of each class | Name of each exchange on which registered
|------------------- | -----------------------------------------
|**None**            | **None**                                 

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

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

Check whether the issuer (1) filed all reports required to
  be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months
  (or for such shorter period that the registrant was required to file such reports),
  and (2) has been subject to such filing requirements for the past 90 days.
  Yes  x  No  ̈

Check if there is no disclosure of delinquent files in response
  to Item 405 of Regulation S-B is not contained in this form, and no disclosure
  will be contained, to the best of registrant’s knowledge, in definitive
  proxy or information statements incorporated by reference in Part III of this
  Form 10-KSB or any amendment to this Form 10-KSB.  ̈

State issuer’s revenues for its most recent quarter.
  $ 0

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State the aggregate market value of the voting and non-voting
  common equity held by non-affiliates computed by reference to the price at which
  the common equity was sold, or the average bid and asked price of such common
  equity, as of a specified date within the past 60 days. (See definition of affiliate
  in Rule 12b-2 of the Exchange Act.) N/A. Shares have not traded.

Note: If determining whether a person is an affiliate will
  involve an unreasonable effort and expense, the issuer may calculate the aggregate
  market value of the common equity held by non-affiliates on the basis of reasonable
  assumptions, if the assumptions are stated.

State the number of shares outstanding of each of the issuer’s
  classes of common equity, as of the latest practicable date. 8,962,820 as of
  March 31, 2005.

---

Copies of Communications Sent to:

Claudia Losie 
  Boughton Law Corporation 
  595 Burrard Street, Suite 1000 
  Vancouver, BC, Canada, V7X 1S8

Tel: (604) 687-6789 
  Fax: (604) 683-5317

2

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TABLE OF CONTENTS

|PART I.    | FINANCIAL INFORMATION                                           | 4 
|---------- | --------------------------------------------------------------- | --
|           |                                                                 |   
|ITEM 1.    | FINANCIAL STATEMENTS                                            | 4 
|           |                                                                 |   
|ITEM 2.    | MANAGEMENT’S DISCUSSION
      AND ANALYSIS OR PLAN OF OPERATION | 6 
|           |                                                                 |   
|           | PLAN OF OPERATIONS                                              | 6 
|           | FINANCIAL CONDITION, CAPITAL RESOURCES AND
      LIQUIDITY      | 6 
|           | NET OPERATING LOSSES                                            | 7 
|           | FORWARD-LOOKING STATEMENTS                                      | 7 
|           | BUSINESS DEVELOPMENT                                            | 8 
|           |                                                                 |   
|ITEM 3.    | CONTROLS AND PROCEDURES                                         | 10
|           |                                                                 |   
|PART II.   | OTHER INFORMATION                                               |   
|           |                                                                 |   
|ITEM 1.    | LEGAL PROCEEDINGS                                               | 10
|           |                                                                 |   
|ITEM 2.    | CHANGES IN SECURITIES                                           | 10
|           |                                                                 |   
|ITEM 3.    | DEFAULTS UPON SENIOR
      SECURITIES                           | 10
|           |                                                                 |   
|ITEM 4.    | SUBMISSIONS OF MATTERS
      TO A VOTE OF SECURITY HOLDERS      | 10
|           |                                                                 |   
|ITEM 5.    | OTHER INFORMATION                                               | 10
|           |                                                                 |   
|ITEM 6.    | EXHIBITS AND REPORTS
      ON FORM 8-K                          | 11
|           |                                                                 |   
|SIGNATURES | 12                                                             

3

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PART I            FINANCIAL
  INFORMATION

Item 1.              Financial
  Statements.

The Financial Statements of the Company and Notes to Financial
  Statements required by this Item 1 commence on page F-1 hereof and are incorporated
  herein by this reference. The Financial Statements filed as part of this Report
  on Form 10-QSB are listed in the Index to Financial Statements below:



4

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Salamon Group, Inc.(A Development Stage Company) 
  Financial Statements 
  March 31, 2005 
  (U.S. Dollars)
  (Unaudited)

|                                                      | Index
|----------------------------------------------------- | -----
|                                                      |      
|Balance Sheets                                        | F–1  
|                                                      |      
|Statements of Operations and Comprehensive
      Loss | F–2  
|                                                      |      
|Statements of Cash Flows                              | F–3  
|                                                      |      
|Notes to the Financial Statements                     | F–4  

5

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|SALAMON
        GROUP, INC.(A Development Stage Company)
      BALANCE SHEETS 
        (Expressed in U.S. dollars)
|------------------------------------------------------------------------------------------------------------------

|                                                  | March 31,   |   | December 31, |  
|------------------------------------------------- | ----------- | - | ------------ | -
|                                                  | 2005        |   | 2004         |  
|                                                  | $           |   | $            |  
|                                                  | (unaudited) |   | (audited)    |  
|                                                  |             |   |              |  
|ASSETS                                            |             |   |              |  
|                                                  |             |   |              |  
|Current                                           |             |   |              |  
|                                                  |             |   |              |  
|Cash                                              | 10          |   | 28           |  
|                                                  |             |   |              |  
|Total Current Assets                              | 10          |   | 28           |  
|                                                  |             |   |              |  
|Property and equipment (Note 3)                   | 604         |   | 604          |  
|                                                  |             |   |              |  
|Total Assets                                      | 614         |   | 632          |  
|                                                  |             |   |              |  
|LIABILITIES AND STOCKHOLDERS' DEFICIT             |             |   |              |  
|                                                  |             |   |              |  
|Current                                           |             |   |              |  
|Accounts payable                                  | 15,349      |   | 13,956       |  
|Due to related party (Note 6)                     | 33,601      |   | 27,040       |  
|                                                  |             |   |              |  
|Total Current Liabilities                         | 48,950      |   | 40,996       |  
|                                                  |             |   |              |  
|Contingencies and Commitments (Notes 1 and 4)     |             |   |              |  
|Subsequent Events (Note 7)                        |             |   |              |  
|                                                  |             |   |              |  
|Stockholders' Deficit                             |             |   |              |  
|                                                  |             |   |              |  
|Capital stock (Note 5)                            |             |   |              |  
|                                                  |             |   |              |  
|Authorized                                        |             |   |              |  
|                                                  |             |   |              |  
|10,000,000 of preferred shares                    |             |   |              |  
|40,000,000 of voting common shares                |             |   |              |  
|                                                  |             |   |              |  
|Issued and outstanding                            |             |   |              |  
|                                                  |             |   |              |  
|8,962,820 common shares                           | 8,963       |   | 8,963        |  
|                                                  |             |   |              |  
|Additional paid-in capital                        | 120,816     |   | 120,816      |  
|                                                  |             |   |              |  
|Deficit, accumulated during the development stage | (178,115    | ) | (170,143     | )
|                                                  |             |   |              |  
|Total Stockholders' Equity (Deficit)              | (48,336     | ) | (40,364      | )
|                                                  |             |   |              |  
|Total Liabilities and Stockholders' Deficit       | 614         |   | 632          |  

/s/ John Salamon     Director

The accompanying notes are an integral part of these financial
  statements 
  F–1

---

|SALAMON
        GROUP, INC.(A Development Stage Company)
      STATEMENTS OF OPERATIONS
        (unaudited) 
        (Expressed in U.S dollars)
|-----------------------------------------------------------------------------------------------------------------------------------------------

|                                             |                    |   |                |   | Accumulated from |  
|-------------------------------------------- | ------------------ | - | -------------- | - | ---------------- | -
|                                             |                    |   |                |   | April 27, 2001   |  
|                                             | Three Months Ended |   | (Inception) to |  
|                                             | March 31,          |   | March 31,      |  
|                                             | 2005               |   | 2004           |   | 2005             |  
|                                             | $                  |   | $              |   | $                |  
|                                             |                    |   |                |   |                  |  
|GENERAL AND ADMINISTRATIVE                   |                    |   |                |   |                  |  
|                                             |                    |   |                |   |                  |  
|Amortization of intangible
      asset       | –                  |   | –              |   | 55,000           |  
|Amortization of property
      and equipment | –                  |   | 124            |   | 3,911            |  
|Consulting and technical
      services      | –                  |   | –              |   | 12,064           |  
|Foreign exchange                             | 46                 |   | 399            |   | 2,577            |  
|Interest and bank
      charges              | 18                 |   | 34             |   | 390              |  
|Office and miscellaneous                     | 111                |   | 303            |   | 7,676            |  
|Professional fees                            | 4,126              |   | 1,435          |   | 55,029           |  
|Telephone                                    | 624                |   | 941            |   | 10,340           |  
|Transfer agent and
      filing fees         | 2,721              |   | 344            |   | 6,005            |  
|Travel and entertainment                     | 326                |   | –              |   | 25,113           |  
|                                             |                    |   |                |   |                  |  
|Net Loss for the Period                      | (7,972             | ) | (3,580         | ) | (178,115         | )
|                                             |                    |   |                |   |                  |  
|                                             |                    |   |                |   |                  |  
|Loss per share – Basic                       | (0.00              | ) | (0.00          | ) |                  |  
|                                             |                    |   |                |   |                  |  
|Weighted Average Shares Outstanding          | 8,962,820          |   | 8,,962,820     |   |                  |  

The accompanying notes are an integral part of these financial
  statements 
  F–2

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|SALAMON
        GROUP, INC.(A Development Stage Company)
      STATEMENTS OF CASH FLOWS(unaudited)
        (Expressed in U.S dollars)
|-------------------------------------------------------------------------------------------------------------------------------------

|                                                                              | Three Months Ended |  
|----------------------------------------------------------------------------- | ------------------ | -
|                                                                              | March 31,          |  
|                                                                              | 2005               |  
|                                                                              | $                  |  
|                                                                              |                    |  
|Cash flows from operating activities                                          |                    |  
|                                                                              |                    |  
|Net loss for the period                                                       | (7,972             | )
|                                                                              |                    |  
|Adjustments to reconcile
      loss to net cash used by operating activities: |                    |  
|                                                                              |                    |  
|Amortization of property and equipment                                        | -                  |  
|                                                                              |                    |  
|                                                                              | (7,972             | )
|                                                                              |                    |  
|Changes in operating assets and liabilities:                                  |                    |  
|                                                                              |                    |  
|Increase (decrease) in accounts
      payable                                 | 1,393              |  
|                                                                              |                    |  
|                                                                              | (6,579             | )
|                                                                              |                    |  
|Cash flows from investing activities                                          | –                  |  
|                                                                              |                    |  
|Cash flows from financing activities                                          |                    |  
|                                                                              |                    |  
|Advances from (to)
      related parties                                      | 6,561              |  
|Issue of share capital for cash                                               | –                  |  
|                                                                              |                    |  
|                                                                              | 6,561              |  
|                                                                              |                    |  
|Increase (decrease) in cash and cash equivalents                              | (18                | )
|                                                                              |                    |  
|Cash, beginning of period                                                     | 28                 |  
|                                                                              |                    |  
|Cash, end of period                                                           | 10                 |  
|                                                                              |                    |  
|Non-cash Financing Activity                                                   |                    |  
|                                                                              |                    |  
|Shares issued for services and other
      expenses                           | –                  |  
|                                                                              |                    |  
|Supplemental Disclosures                                                      |                    |  
|                                                                              |                    |  
|Interest paid                                                                 | –                  |  
|Income tax paid                                                               | –                  |  

The accompanying notes are an integral part of these financial
  statements
  F–3

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|SALAMON
        GROUP, INC.(A Development Stage Company)
      NOTES TO FINANCIAL STATEMENTS
        (unaudited)
        (Expressed in U.S dollars)
|---------------------------------------------------------------------------------------------------------------------------------------------------

|1. | Nature of Operations and Continuance of
        Business                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|   | Salamon Group, Inc. (the "Company") was
        incorporated in the State of Nevada, USA, on April 27, 2001. The Company
        is a development stage company whose principal business plan is to seek
        earnings by exploiting technology held under a license agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|  
|   | In a development stage company, management
        devotes most of its activities in investigating business opportunities
        and further advancing its technologies. The ability of the Company to
        emerge from the development stage with respect to any planned principal
        business activity is dependent upon its successful efforts to raise additional
        equity financing and/or attain profitable operations. There is no guarantee
        that the Company will be able to complete any of the above objectives.
        At March 31, 2005, the Company had a working capital deficit of $48,940
        and an accumulated deficit of $178,115. These factors raise substantial
        doubt regarding the Company’s ability to continue as a going concern.
|  
|   | On July 5, 2001, the Company entered into
        a licensing agreement with Space Globe Technologies Ltd. ("Space Globe"),
        a Canadian corporation. The agreement allows the Company to use certain
        technology with respect to a power cell technology used for internal and
        external electrical applications.                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|  
|   | In January, 2005, Space Globe Technologies
        and Salamon Group in mutual agreement replaced the license agreement with
        an Agreement which transferred 100% ownership of and rights to the Technology
        to Salamon Group for no additional compensation. John Salamon also assigned
        all rights to the patent pending to Salamon Group.                                                                                                                                                                                                                                                                                                                                                                                                                              
|  
|2. | Summary of Significant Accounting Policies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|  
|   | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|  
|   | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|  
|   | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

F–4

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|SALAMON
        GROUP, INC.(A Development Stage Company)
      NOTES TO FINANCIAL STATEMENTS
        (unaudited)
        (Expressed in U.S dollars)
|---------------------------------------------------------------------------------------------------------------------------------------------------

|2. | Summary of Significant Accounting Policies
        (continued)
|-- | --------------------------------------------------------------
|  
|   | (d)                                                           
|  
|   |                                                               
|  
|   | (e)                                                           
|  
|   |                                                               
|  
|   | (f)                                                           
|  
|   |                                                               
|  
|   | (g)                                                           
|  
|   |                                                               
|  
|   | (h)                                                           
|  
|   |                                                               
|  
|   | (i)                                                           
|  
|   |                                                               
|  
|   | (j)                                                           
|  
|   |                                                               

F–5

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|SALAMON
        GROUP, INC.(A Development Stage Company)
      NOTES TO FINANCIAL STATEMENTS
        (unaudited)
        (Expressed in U.S dollars)
|---------------------------------------------------------------------------------------------------------------------------------------------------

|3. | Property and Equipment
|-- | ----------------------

| |                    |       |              | Net book value
| | ------------------ | ----- | ------------ | --------------
| |                    |       | Accumulated  | March 31,     
| |                    | Cost  | Depreciation | 2005          
| |                    | $     | $            | $             
| |                    |       |              | (unaudited)   
| |                    |       |              |               
| | Computer equipment | 3,161 | 3,107        | 54            
| | Office equipment   | 1,354 | 804          | 550           
| |                    | 4,515 | 3,911        | 604           

|4. | Capital Stock             
|-- | --------------------------
|  
|   | (a)                       
|  
|   | (b)                       
|  
|   | (c)                       
|  
|   | (d)                       
|  
|   | (e)                       
|  
|5. | Related Party Transactions
|  
|   | (a)                       
|  
|   | (b)                       

F–6

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PART I

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

Plan of Operations

SALAMON GROUP, INC. (hereinafter referred to as the “Company”
  or “Salamon Group”) was organized under the laws of the State of
  Nevada on April 27, 2001. The Company is a developmental stage company organized
  by John E. Salamon, the President and Director and sole executive of the Company.
  The Company’s aim is to develop, license and/or acquire certain electrical
  generator technologies which the Company believes to be proprietary. The Company's
  offices are presently located at 302-1028 Alberni Street, Vancouver, B.C., Canada,
  V6E 1A3 and its telephone number is (604) 408-3861. The Company’s Nevada
  registered agent is National Registered Agents, Inc. of NV, 1100 East William
  Street, Suite 207, Carson City, NV 89701.

Since its inception the Company has been involved in organizational
  and fund raising activities and the licensing, subsequent acquisition and further
  development of certain electrical generator technology from Space Globe Technologies
  Ltd., a private British Columbia, Canada corporation (“Space Globe Technologies”),
  founded and organized also by John Salamon, founder, president and sole director
  of Salamon Group, Inc. Space Globe Technologies was founded for the purpose
  of developing technologies and concepts in the field of “Alternative Energy
  Sources”. Alternative Energy Sources are those which are not supplied
  by the burning of fossil fuels or the splitting of atoms. Some of the alternative
  energy sources include solar energy, wind power, geothermal, tides and hydro
  power. Space Globe Technologies was incorporated in the Province of British
  Columbia, Canada in 1998 by John Salamon, the principal and sole shareholder
  of Space Globe Technologies. It was initially established as a management/consulting
  company and in which to develop ideas and concepts for power generation. The
  assets at present consist of a vehicle, office equipment and investments in
  Salamon group. Its’ current operation consists mainly of securing private
  investment capital to assist in funding the operations and growth of Salamon
  Group. From 1999 to 2001 Space Globe and Mr. Salamon developed the concept and
  design of an Electrical Power Generator for home and office use and for emergency
  power backup situations. Mr. Salamon filed a Patent application for protection
  of the design of the Generator on September 4, 2001.

For the period from inception (April 27, 2001) through March
  31, 2005, the Company had no revenue from operations and accumulated operating
  expenses amounted to $178,115.

If the Company is unable to generate sufficient revenue from
  operations to implement its plans, management intends to explore all available
  alternatives for debt and/or equity financing, including but not limited to
  private and public securities offerings. Depending upon the amount of revenue,
  if any, generated by the Company, management anticipates that it will be able
  to satisfy its cash requirements for the next approximately nine (9) to twelve
  (12) months without raising funds via debt and/or equity financing or from third
  party funding sources. Accordingly, management expects that it will be necessary
  for Salamon Group to raise additional funds in the event that the Company is
  unable to generate any revenue from operations and if only a minimal level of
  revenue is generated in accordance with management's expectations.

Mr. Salamon, at least initially, will be solely responsible
  for developing Salamon Group's business. However, at such time, if ever, as
  sufficient operating capital becomes available, he expects to employ additional
  staffing. If financing is available, of which there can be no assurance, the
  Company expects to engage in market research in order to monitor new market
  trends and other critical information deemed relevant to Salamon Group's business.

Financial Condition, Capital Resources and Liquidity

At March 31, 2005, the Company had assets totaling $614
  and current liabilities of $48,950 attributable to unpaid Space Globe Technologies
  license fees, audit fees and general operating expenses. Since the Company's
  inception, it has received $129,779 in cash and services contributed as
  consideration for the issuance of shares of Common Stock.

6

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Salamon Group's working capital is presently minimal and there
  can be no assurance that the Company's financial condition will improve. The
  Company is expected to continue to have minimal working capital or a working
  capital deficit as a result of current liabilities. The Company, at inception,
  issued 1,500,000 shares of the Company's Common Stock to Mr. Salamon, the sole
  executive officer and director of Salamon Group, and 500,000 shares of the Company's
  Common Stock to White & Lee Investments, LP, an investment vehicle controlled
  by White & Lee LLP, legal counsel to the Company, as founder shares. From
  April 2001 through March 31, 2005, Salamon Group received gross proceeds of
  $124,279 (including $102,500 in cash and services valued at $21,779)
  from the sale of a total of 1,962,820 shares of Common Stock, $0.001 par
  value per share, in an offering conducted pursuant to Section 4(2) of the Act
  and Rules 504 and 901 (See Part II, Item 4. “Recent Sales of Unregistered
  Securities). These offerings were made in the Provinces of British Columbia
  and Alberta, Canada. Even though management believes, without assurance, that
  it will obtain sufficient capital with which to implement its business plan
  on a limited scale, the Company is not expected to continue in operation without
  an infusion of capital. In order to obtain additional equity financing, management
  may be required to dilute the interest of existing shareholders or forego a
  substantial interest of its revenues, if any. (See Part I, Item 1. “Description
  of Business”; See Part I, Item 4. “Security Ownership of Certain
  Beneficial Owners and Management” and Part I, Item 7. “Certain Relationships
  and Related Transactions.”)

The Company has no potential capital resources from any outside
  sources at the current time. In its initial phase, the Company will operate
  out of the facility provided by Mr. Salamon. The Company believes that it will
  require two (2) to three (3) months in order to determine the market demand
  potential.

The ability of the Company to continue as a going concern
  is dependent upon its ability to attract a sufficiently large and profitable
  licensee base to license its electrical generator technology.

To implement such plan, also during this initial phase, the
  Company intends to initiate a self-directed private placement under Rule 506
  in order to raise an additional $200,000. In the event such placement is
  successful, the Company believes that it will have sufficient operating capital
  to meet the initial expansion goals and operating costs for a period of one
  (1) year. In the event the Company is not successful in raising such funds,
  the Company believes that it will not be able to continue operations past a
  period of nine (9) to twelve (12) months.

Net Operating Losses

As of March 31, 2005, the Company has a net operating loss
  carry forward of approximately $178,115.

Forward-Looking Statements

This Form 10-SB includes “forward-looking statements”
  within the meaning of Section 27A of the Securities Act of 1933, as amended,
  and Section 21E of the Securities Exchange Act of 1934, as amended. All statements,
  other than statements of historical facts, included in this Form 10-QSB which
  address activities, events or developments which the Company expects or anticipates
  will or may occur in the future, including such things as future capital expenditures
  (including the amount and nature thereof), business strategy, expansion and
  growth of the Company's business and operations, and other such matters are
  forward-looking statements. These statements are based on certain assumptions
  and analyses made by the Company in light of its experience and its perception
  of historical trends, current conditions and expected future developments as
  well as other factors it believes are appropriate in the circumstances. However,
  whether actual results or developments will conform with the Company's expectations
  and predictions is subject to a number of risks and uncertainties, general economic
  market and business conditions; the business opportunities (or lack thereof)
  that may be presented to and pursued by the Company; changes in laws or regulation;
  and other factors, most of which are beyond the control of the Company. Consequently,
  all of the forward-looking statements made in this Form 10-QSB are qualified
  by these cautionary statements and there can be no assurance that the actual
  results or developments anticipated by the Company will be realized or, even
  if substantially realized, that they will have the expected consequence to or
  effects on the Company or its business or operations. The Company assumes no
  obligations to update any such forward-looking statements.

7

---

Business Development

On July 5, 2001, the Company entered into a Technology License
  Agreement with Space Globe Technologies whereby the Company licensed from Space
  Globe Technologies certain electrical generator technology which the
  Company believes to be proprietary (the “Technology”). A patent
  application for the Technology has been filed with the Canadian Intellectual
  Property Office (Application Number 2,357,766). The Company received a nonexclusive,
  nontransferable, worldwide license to manufacture, use and sell the Technology
  as incorporated into the Company’s products, as well as the right to appoint
  distributors to distribute the Technology, as incorporated into the Company’s
  products.

In January, 2005, Space Globe Technologies and Salamon Group
  in mutual agreement replaced the license agreement with an Agreement which transferred
  100% ownership of and rights to the Technology to Salamon Group. John Salamon
  also assigned all rights to the patent pending to Salamon Group.

The Company has completed development of the Technology and
  products containing the Technology, and is seeking licensees to manufacture
  and market the finished product.

Technology/Product

The Electric Power Generator (“EPG”) device consists
  of an electric motor, an alternator, a regulator system, an inverter, a capacitor,
  an isolator, a primary battery and a secondary battery. These parts are all
  contained in a metal or plastic molded encasement. The primary 12 Volt battery
  supplies current and voltage to an inverter which converts the 12V DC voltage
  to 115V AC voltage. The AC voltage is then supplies power to any AC powered
  device such as a television, lamp, radio, small appliances, etc. (depending
  on required wattage.)

As the voltage level is depleted in the primary battery, a
  control system, powered by the secondary 12V battery, starts the motor which
  in turn drives a alternator/generator. The alternator/generator produces AC
  voltage which is converted to DC voltage and regulated through a regulator system.
  The regulator system includes an isolator which directs the power from the regulator
  system into the primary and secondary batteries. The control system monitors
  the primary battery voltage. When the primary battery voltage drops below a
  setpoint voltage, the motor engages, starting the recharging process. Thus the
  EPG is a self-replenishing power unit. A connection to an external power supply
  is provided so that the secondary battery can be recharged if for some reason,
  such as long dormant storage periods, both batteries become completely depleted.
  The performance of the EPG is relative to the size of the inverter and the number
  of batteries. For example, a 300 watt inverter can be used to power a TV, laptop
  computer or a lamp. Among other things. The model EPG is 115 VAC and 300 watts
  with a 12 VDC outlet. The charging cycle is relative to the load on the inverter.
  The greater the load, the faster the main battery depletes.The typical “midsize”
  EPG requires no venting as it uses sealed batteries and creates a negligible
  amount of heat. When charging, it produces a noise level similar to that of
  a turntable style microwave. Because there are no emissions of any sort, the
  EPG can be used indoors as opposed to fuel powered generators which can only
  be used outdoors. All components of the EPG are CSA approved in Canada. All
  licensees will be in compliance with Canadian standards and will be required
  to comply with standards of the USA and other countries prior to distributing
  the EPG in those countries.

The Company intends to engage an independent consulting engineer
  to perform an evaluation of the Generator and provide a written report as soon
  as the necessary capital is available. However to date there have been no third-party
  evaluations done.

Competitive Products

There are many similar products on the market, including gasoline
  and diesel powered generators, but few that are “self-replenishing”
  and that can be used indoors. The main advantages of the EPG are that it is
  self-replenishing and that unlike fuel-powered generators, the EPG can be used
  indoors because of its size, negligible noise level and does not emit any exhaust.

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Patent Pending:

A Patent application (2,357,766) was filed in Canada by John
  Salamon on September 4, 2001. The key element of the Patent application includes
  the unique assembly of the component parts which provides for self-recharging
  of the device. The application is “pending” and will be examined
  when formally requested by Salamon Group. It is anticipated that such request
  will be made within the next 12 months. The Company intends to apply for Patents
  in the US and other countries as soon as financially possible at a cost of approximately
  $20,000. The Company feels it is necessary to file a Patent application
  in the United States as this will be one of its largest markets.

Prototype and Working Model

A prototype was built by Space Globe in 2002 and was provided
  to Salamon Group for further development. In 2004, Salamon Group completed construction
  of a working model which is now available for demonstration to potential licensees.
  The encasement of the model measures 18”L x 11”W x 10.5”H
  and weighs approximately 60 pounds with all the components in it. The primary
  battery is a sealed deep cycle battery rated at 33AH with output voltage of
  12V DC and weighs 25 pounds. The secondary battery is also a sealed deep cycle
  unit with output voltage of 12V DC and weighs 9 pounds. The recharging voltage
  for both batteries is in the 14.4V to 14.6V range. The charge level is determined
  by the non-charging/non-discharging voltage of the battery with 12.80V being
  a full charge, 12.30V a half charge and 11.80V being fully discharged.

Manufacturing

At this time, the Company does not intend to manufacture the
  device but is attempting to secure licensees to commercially produce and market
  the product worldwide. The Company will provide the technological design to
  the Licensee(s) for their use in producing the product.

Sales and Marketing-Licensee Sales

The Company working to identify and engage a local marketing
  company to secure licensees to manufacture and market the product worldwide.
  The amount of the license fees have not yet been establishes and will be subject
  to negotiation. The Company plans to produce a CD and video for product demonstration
  purposes. Management and consultants will be manually testing the generator
  and compiling the necessary data to include in a brochure and other literature.

Management

At this time, the Company is solely directed and managed by
  John Salamon. As finances allow, other personell will be employed in various
  management capacities.

Consultants and Technicians

The Company employs consultants and technicians on a contract
  and on an “as needed” basis. At present there are no contractual
  arrangements. During 2004, Salamon Group engaged Mr. Mike Ewashen to assist
  in the completion of the assembly of the working model of the EPG device. Mr.
  Ewashen, a certified Electronics Technician, has been working in the field of
  electronics for the past 18 years. He remains available to consult to the Company
  to assist in Research & Development of other products.

Facilities

The Company is operating out of offices provided by Mr. Salamon.
  The Company address is 302-1028 Alberni Street, Vancouver, B.C., Canada, V6E-1A3.
  Mr. Salamon will begin researching the real estate market in order to determine
  the most appropriate site to locate Salamon Group's offices and facilities.

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Item 3.            Controls
  and procedures

Management, including our Chief Executive Officer has established
  and is currently maintaining disclosure controls and procedures and internal
  control over financial reporting for our Company. Our Chief Executive Officer
  has evaluated the effectiveness of our disclosure controls and procedures as
  required by Exchange Act Rule 13a-15(b) as of the end of the fiscal year ended
  December 31, 2003. Based on that evaluation, the Chief Executive Officer has
  concluded that these disclosure controls and procedures are effective for gathering,
  communicating to management, analyzing, and disclosing the information we are
  required to disclose in our reports filed under the Securities Exchange Act
  of 1934. There were no changes in our internal control over financial reporting
  during the year ended December 31, 2003 that have materially affected, or are
  reasonably likely to materially affect, our internal control over financial
  reporting.

PART II        OTHER
  INFORMATION

Item 1.           Legal
  Proceedings

The Company knows of no legal proceedings to which it is a
  party or to which any of its property is the subject which are pending, threatened
  or contemplated or any unsatisfied judgments against the Company.

Item 2.            Changes
  in Securities

None

Item 3.            Defaults
  Upon Senior Securities

None

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

No matter was submitted to a vote of the Company’s shareholders,
  through the solicitation of proxies or otherwise during the quarterly period
  ended March 31, 2005.

Item 5.            Other
  Information

Market Price and Dividends on the Common Equity and Related
  Stockholder Matters.

No matter covered by this report was submitted during the
  last quarterly period to a vote of the Company's shareholders through the solicitation
  of proxies or otherwise.

(a) Market Information.

There has been no established public trading market for the
  Common Stock since the Company's inception on April 27, 2001.

(b) Holders.

As of March 31, 2005, the Company had 41 shareholders of record
  of its 8,962,820 outstanding shares of Common Stock.

(c) Dividends.

The Company has never paid or declared any dividends on its
  Common Stock and does not anticipate paying cash dividends in the foreseeable
  future.

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Item 6.            Exhibits
  and Reports on Form 8-K

The following exhibits are filed with the Form 10-QSB:

|31.1 | Section 302
        Certification of Chief Executive Officer and Chief Financial Officer
|---- | ----------------------------------------------------------------------------------------
|     |                                                                                         
|32.1 | Section 906
        Certification of Chief Executive Officer and Chief Financial Officer

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SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act,
  the registrant caused this report to be signed on its behalf by the undersigned,
  thereunto duly authorized.

Date: May 14, 2005

Salamon Group, Inc.

By:/s/ John E. Salamon
          John E. Salamon, President

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