UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  FORM 10-QSB/A


[X] Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange
           Act of 1934. For the quarterly period ended June 30, 2006.


[ ] Transition report pursuant to Section 13 or 15(d) of the Securities Exchange
           Act of 1934. For the transition period from ____ to ____ .


                            SK REALTY VENTURES, INC.
             (Exact name of registrant as specified in its charter)


                 NEVADA                               76-0747086

    (State or Other Jurisdiction of        (Employer Identification Number)
    Incorporation or Organization)


                               585 Stewart Avenue
                                    Suite 760
                              Garden City, NY 11530
              (Address of Principal Executive Offices and Zip Code)


                                 (516) 683-1254
                         (Registrants telephone number)


Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: Common Stock, par
value $.0001 per share

Check 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 |_|

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). YES |_| NO |X|

Number of shares outstanding of each of the registrant's classes of common stock
as of August 9, 2006: Common Stock: 12,050,240


<PAGE>

Explanatory Note

This Report has been amended to remove erroneous footnote references in the
Consolidated Balance Sheet.


<PAGE>

Part 1

Item 1: Financial Statements

                     SK REALTY VENTURES, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                           Consolidated Balance Sheet
                                   (Unaudited)

                                     ASSETS
                                     ------

<TABLE>
<CAPTION>
                                                                         Six Months
                                                                            Ended
                                                                           June 30,
                                                                             2006
                                                                          ---------
<S>                                                                       <C>
CURRENT ASSETS

   Cash                                                                   $      20
   Prepaid expenses                                                              --
   Marketable securities                                                      6,000
                                                                          ---------

     Total Current Assets                                                     6,020
                                                                          ---------

OTHER ASSETS

   Tax deeds                                                                 16,661
                                                                          ---------

     Total Other Assets                                                      16,661
                                                                          ---------

     TOTAL ASSETS                                                         $  22,681
                                                                          =========

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
                 ----------------------------------------------

CURRENT LIABILITIES

   Accrued expenses                                                       $ 258,481
   Loan payable - officer                                                    10,000
   Loan payable - other                                                       5,000
   Line of credit                                                             6,074
   Accrued interest payable                                                      --
   Property taxes payable                                                     4,822
                                                                          ---------

     Total Current Liabilities                                              284,377
                                                                          ---------

OTHER LIABILITIES

     Total Other Liabilities                                                     --
                                                                          ---------

     TOTAL LIABILITIES                                                      284,377
                                                                          ---------

STOCKHOLDERS' EQUITY (DEFICIT)

   Preferred stock; 10,000,000 authorized at $0.0001 par value                   --
   Common stock; 300,000,000 shares authorized at $0.0001 par value;
    12,300,240 shares issued and outstanding                                  1,230
   Additional paid-in capital                                               212,371
   Subscription receivable                                                     (150)
   Other comprehensive (loss)                                               (31,500)
   Deficit accumulated during the development stage                        (443,647)
                                                                          ---------

     Total Stockholders' Equity (Deficit)                                  (261,696)
                                                                          ---------

     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                 $  22,681
                                                                          =========
</TABLE>


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


<PAGE>

                     SK REALTY VENTURES, INC. AND SUBSIDIARY
                          (A Development Stage Company)
          Consolidated Statements of Operations and Comprehensive Loss
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                                                                                    Inception on
                                                                                                                      August 1,
                                               Three Months Ended                    Six Months Ended                  2003 to
                                                     June 30,                             June 30,                     Through
                                        -------------------------------       -------------------------------          June 30,
                                            2006               2005               2006               2005                2006
                                        ------------       ------------       ------------       ------------       ------------
<S>                                     <C>                <C>                <C>                <C>                <C>
REVENUE                                 $         --       $         --       $         --       $         --       $         --
                                        ------------       ------------       ------------       ------------       ------------

EXPENSES

   Salary                                     15,000             15,000             30,000             30,000            200,300
   Bank charges                                   --                 36                 --                 36                 50
   Professional fees                          18,408              1,313             42,253             12,321            193,062
   Administrative costs                        4,500              4,500              9,000              9,000             45,000
   Interest expense                              148                 --                288                 --                413
   Taxes                                         326                237                652                473              4,822
                                        ------------       ------------       ------------       ------------       ------------

     Total Expenses                           38,382             21,086             82,193             51,830            443,647
                                        ------------       ------------       ------------       ------------       ------------

NET LOSS                                     (38,382)           (21,086)           (82,193)           (51,830)          (443,647)
                                        ------------       ------------       ------------       ------------       ------------

OTHER COMPREHENSIVE LOSS

   Change in marketable securities
    valuation                                    150                 --              2,250             (1,500)           (31,500)
                                        ------------       ------------       ------------       ------------       ------------

TOTAL COMPREHENSIVE LOSS                $    (38,232)      $    (21,086)      $    (79,943)      $    (53,330)      $   (475,147)
                                        ============       ============       ============       ============       ============

BASIC LOSS PER SHARE                    $      (0.00)      $      (0.00)      $      (0.01)      $      (0.00)
                                        ============       ============       ============       ============

WEIGHTED AVERAGE NUMBER
 OF SHARES OUTSTANDING                    12,300,240         12,050,240         12,300,240         12,050,240
                                        ============       ============       ============       ============
</TABLE>


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


<PAGE>

                     SK REALTY VENTURES, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                      Consolidated Statements of Cash Flows
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                     Inception on
                                                                                       August 1,
                                                          Six Months Ended             2003 to
                                                               June 30,                Through
                                                      -------------------------        June 30,
                                                         2006            2005            2006
                                                      ---------       ---------       ---------
<S>                                                   <C>             <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES

   Net loss                                           $ (82,193)      $ (51,830)      $(443,647)
   Adjustments to reconcile net cash used by
    operating activities:
     Stock issued for services                           12,500              --          45,000
     Amortization of deferred consulting expense             --              --          30,300
     Property tax payable                                   652             473           4,822
     Accrued interest payable                                --              --             125
     Increase in accrued expenses                        63,753          51,321         258,481
     Deferred consulting                                     --              --          89,581
                                                      ---------       ---------       ---------

       Net Cash Used by Operating Activities               (288)            (36)        (15,338)
                                                      ---------       ---------       ---------

CASH FLOWS FROM INVESTING ACTIVITIES

   Tax deeds                                                 --              --          (5,661)
                                                      ---------       ---------       ---------

     Net Cash Used by Investing Activities                   --              --          (5,661)
                                                      ---------       ---------       ---------

CASH FLOWS FROM FINANCING ACTIVITIES

   Loan payable                                           5,000              --          15,000
   Proceeds from line of credit                             288              --           5,949
   APIC                                                      --              --              70
                                                      ---------       ---------       ---------

     Net Cash Provided by Financing Activities              288              --          21,019
                                                      ---------       ---------       ---------

Net Increase in Cash                                         --             (36)             20
                                                      ---------       ---------       ---------

CASH AT BEGINNING OF PERIOD                                  20              50              --

CASH AT END OF PERIOD                                 $      20       $      14       $      20
                                                      =========       =========       =========

SUPPLEMENTAL CASH FLOW INFORMATION

   Cash paid for interest                             $     288       $      --       $     288
   Cash paid for income taxes                         $      --       $      --       $      --

NON-CASH INVESTING AND FINANCING ACTIVITIES

   Stock for assets                                   $      --       $      --       $  48,650
   Stock issued for services                          $  12,500       $      --       $  45,000
   Net change in unrealized loss on investment        $  (2,250)      $      --       $  31,500
</TABLE>


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


<PAGE>

                     SK REALTY VENTURES, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                 Notes to the Consolidated Financial Statements
                                  June 30, 2006


NOTE 1 -    BASIS OF FINANCIAL STATEMENT PRESENTATION

            The accompanying unaudited consolidated financial statements have
            been prepared by the Company pursuant to the rules and regulations
            of the Securities and Exchange Commission. Certain information and
            footnote disclosures normally included in financial statements
            prepared in accordance with accounting principles generally accepted
            in the United States of America have been condensed or omitted in
            accordance with such rules and regulations. The information
            furnished in the interim condensed financial statements include
            normal recurring adjustments and reflects all adjustments, which, in
            the opinion of management, are necessary for a fair presentation of
            such financial statements. Although management believes the
            disclosures and information presented are adequate to make the
            information not misleading, it is suggested that these interim
            condensed financial statements be read in conjunction with the
            Company's December 31, 2005 audited financial statements and notes
            thereto.

NOTE 2 -    GOING CONCERN

            The Company's consolidated financial statements are prepared using
            accounting principles generally accepted in the United States of
            America applicable to a going concern which contemplates the
            realization of assets and liquidation of liabilities in the normal
            course of business. The Company has not yet established an ongoing
            source of revenues sufficient to cover its operating costs and allow
            it to continue as a going concern. The ability of the Company to
            continue as a going concern is dependent on the Company obtaining
            adequate capital to fund operating losses until it becomes
            profitable. If the Company is unable to obtain adequate capital, it
            could be forced to cease operations.

            In order to continue as a going concern, develop a reliable source
            of revenues, and achieve a profitable level of operations the
            Company will need, among other things, additional capital resources.
            Management's plans to continue as a going concern include raising
            additional capital through sales of common stock. However,
            management cannot provide any assurances that the Company will be
            successful in accomplishing any of its plans.

            The ability of the Company to continue as a going concern is
            dependent upon its ability to successfully accomplish the plans
            described in the preceding paragraph and eventually secure other
            sources of financing and attain profitable operations. The
            accompanying financial statements do not include any adjustments
            that might be necessary if the Company is unable to continue as a
            going concern.

NOTE 3 -    OUTSTANDING STOCK OPTIONS

            On November 1, 2003, the Board of Directors of the Company adopted
            "The 2003 Compensation Benefit Plan, under which the Company may
            issue stock, or grant options to employees, consultants, advisors,
            or other individuals. The total number of shares as to which the
            Company may issue or grant options under this plan is one and one
            half million (1,500,000). The Company has granted 1,200,000 shares
            under this plan.


<PAGE>

                     SK REALTY VENTURES, INC. AND SUBSIDIARY
                          (A Development Stage Company)
                 Notes to the Consolidated Financial Statements
                                  June 30, 2006


NOTE 3 -    OUTSTANDING STOCK OPTIONS (Continued)

            A summary of the status of the Company's stock option plan as of
            June 30, 2006 and changes during the period are presented below:


                                               Weighted
                                                Average      Exercise
                                                Shares         Price
                                               ---------      -------

           Outstanding, December 31, 2005      1,200,000      $0.0001

               Granted                                --           --
               Canceled/Expired                       --           --
               Exercised                              --           --
                                               ---------      -------

           Outstanding, June 30, 2006          1,200,000
                                               ---------

           Exercisable, June 30, 2006          1,200,000
                                               =========


NOTE 4 -    CREDIT LINE

            An analysis of the related party line of credit of the Company as of
            June 30, 2006 is shown below:

                                          Line of         Debt
                                           Credit      Outstanding
                                          --------     -----------
               Revolving Credit Line      $100,000      $  6,074

            The Company entered into a revolving credit promissory note with a
            related party on May 1, 2004. The revolving credit line is for
            $100,000 with an annual interest rate of 9%. As of June 30, 2006,
            the Company has drawn $6,074 on the credit line


<PAGE>

Item 2: Management's Discussion and Analysis of Financial Condition and Results
of Operations

Results of Operations

Assets

      Our assets consist of marketable securities and five real estate
properties we have purchased in Reading, PA at tax auctions, which we intend to
resell. We value the properties at our acquisition costs. The following table
provides additional details on the properties.

--------------------------------------------------------------------------------
Location             Description                              Acquisition Cost
--------------------------------------------------------------------------------
Reading, PA          Three story brick building                    $8,892
--------------------------------------------------------------------------------
Reading, PA          Two story brick building                      $4,120
--------------------------------------------------------------------------------
Reading, PA          Mobile home                                   $1,058
--------------------------------------------------------------------------------
Reading, PA          Mobile home                                   $2,682
--------------------------------------------------------------------------------
Sellersville, PA     Vacant land parcel                            $1,919
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

      As shown on the Company's consolidated balance sheet, as of June 30, 2006,
the Company had total assets of $22,681.

Total revenue.

      We had no revenue for the six month period ended June 30, 2006. Although
the Company currently owns five properties in Pennsylvania, no revenues have
been generated from these properties and there will be no revenue from any of
the properties until they are rented or sold.

Operating Expenses.

      Our operating expenses are composed primarily of salaries, professional
fees, administrative costs. For the six month period ended June 30, 2006
operating expenses were $82,193 as compared to $51,830 for the same period in
2005. For the three month period ended June 30, 2006 operating expenses were
$38,382 as compared to $21,086 for the same period in 2005. The increase in
operating expenses in 2006 was primarily attributable to an increase in
professional fees.

Liquidity and Capital Resources

      Our capital requirements are dependent on several factors, including the
costs of tax lien certificates acquired, the timing of redemptions of tax lien
certificates and the timing of the sale of properties acquired by the Company
through foreclosure. We believe that we will not generate enough cash from
operations to be sufficient to fund our ongoing operations through the next
twelve months. As of June 30, 2006, we had on $20 in cash and $6,000 in
marketable securities on our balance sheet. We have secured financing to enable
us to meet our obligations in the form of a credit line agreement which will
provide up to $100,000 in debt financing from Triple J Associates, a company
owned by our sole officer and director, Richard Miller. As of June 30, 2006, we
had utilized $6,074 from our credit line agreement in order to finance the
purchase of three additional properties in Pennsylvania in September and
December, 2005. Although our credit line agreement initially expired on December
31, 2005, it has been extended until December 31, 2006.


<PAGE>

      While we anticipate that the credit line arrangement will provide
sufficient financing for the Company's operations and property and tax lien
acquisition program, there can be no assurance that its term will be extended
requiring the Company will to seek additional or alternative financing. There
can be no assurance that we will be able to successfully raise such additional
funds, if needed, or that such funds will be available on acceptable terms.
Funds raised through future equity financing will likely be dilutive to our
current stockholders. The incurrence of indebtedness would result in an increase
in our fixed obligations and could result in borrowing covenants that would
restrict our operations. If financing is not available when required or is not
available on acceptable terms, we may be unable to develop or enhance our
products or services. In addition, we may be unable to take advantage of
business opportunities or respond to competitive pressures. Any of these events
could have a material and adverse effect on our business, results of operations
and financial condition Lack of additional funds will materially affect our
business and may cause us to cease operations. Consequently, stockholders could
incur a loss of their entire investment in the Company.

      Our financial statements were prepared on the assumption that we will
continue as a going concern. The report of our independent accountants for the
year ended December 31, 2005 acknowledges that we have incurred losses in each
of the last fiscal years and that we will require additional funding to sustain
our operations. These conditions cause substantial doubt as to our ability to
continue as a going concern. Our financial statements included herein do not
include any adjustments that might result should we be unable to continue as a
going concern.

Critical Accounting Policies and Estimates

      The preparation of condensed financial statements in conformity with the
accounting principles generally accepted in the United States requires us to
make estimates and assumptions that affect reported amounts of assets and
liabilities and the disclosure of contingent assets and liabilities as the date
of the financial statements and the reported amounts of revenues and expenses
during the reporting period. These estimates and assumptions are based on
historical experience and various other factors that are believed to be
reasonable under the circumstances. Actual results could differ materially form
those estimates under different assumptions.

      We believe that the following accounting policies are the most critical to
our condensed financial statements since these policies require significant
judgment or involve complex estimates to the portrayal of our financial
condition and operating results:

      o     Revenue recognition

      o     Stock based compensation


<PAGE>

      Our audited financial statements as of December 31, 2005 filed as part of
our Form SB-2 contain further discussions on our critical accounting policies
and estimates.

      We have no off-balance sheet arrangements.

      The preceding statements under "Management's Discussion and Analysis of
Financial Condition and Results of Operations" which are not historical facts
are forward-looking statements. These forward-looking statements involve risks
and uncertainties that could render them materially different, including, but
not limited to, the risk that new products and product upgrades may not be
available on a timely basis, the risk that such products and upgrades may not
achieve market acceptance, the risk that competitors will develop similar
products and reach the market first, and the risk that we would not be able to
fund our working capital needs from cash flow.

Item 3: Controls and Procedures

      Under the supervision and with the participation of our management,
including our principal executive officer and principal financial officer, we
conducted an evaluation of our disclosure controls and procedures, as such term
is defined under Rule 13a-14(c) promulgated under the Securities Exchange Act of
1934, as amended (the "Exchange Act"), within 90 days of the filing date of this
report. In designing and evaluating the Company's disclosure controls and
procedures, management recognized that any controls and procedures, no matter
how well designed and operated, can provide only reasonable assurance of
achieving their objectives and management necessarily applied its judgment in
evaluating the cost-benefit relationship of possible controls and procedures.
Based on this evaluation, the Company's chief executive officer and chief
financial officer concluded that as of June 30, 2006, the Company's disclosure
controls and procedures were (1) designed to ensure that material information
relating to the Company, including its consolidated subsidiaries, is made known
to the Company's chief executive officer and chief financial officer by others
within those entities, particularly during the period in which this report was
being prepared and (2) effective, in that they provide reasonable assurance that
information required to be disclosed by the Company in the reports that it files
or submits under the Exchange Act is recorded, processed, summarized and
reported within the time periods specified in the SEC's rules and forms.

Limitations on the Effectiveness of Internal Controls

      Management does not expect that our disclosure controls and procedures or
our internal control over financial reporting will necessarily prevent all fraud
and material errors. An internal control system, no matter how well conceived
and operated, can provide only reasonable, not absolute, assurance that the
objectives of the control system are met. Further, the design of a control
system must reflect the fact that there are resource constraints, and the
benefits of controls must be considered relative to their costs. Because of the
inherent limitations on all internal control systems, no evaluation of controls
can provide absolute assurance that all control issues and instances of fraud,
if any, within the Company have been detected. These inherent limitations
include the realities that judgments in decision-making can be faulty, and that
breakdowns can occur because of simple error or mistake. The design of any
system of internal control is also based in part upon certain assumptions about
the likelihood of future events, and there can be no assurance that any design
will succeed in achieving its stated goals under all potential future
conditions. Over time, controls may become inadequate because of changes in
circumstances, and/or the degree of compliance with the policies and procedures
may deteriorate. Because of the inherent limitations in a cost effective
internal control system, financial reporting misstatements due to error or fraud
may occur and not be detected on a timely basis.

      There have been no significant changes (including corrective actions with
regard to significant deficiencies or material weaknesses) in our internal
controls or in other factors that could significantly affect these controls
subsequent to the date of the evaluation referenced in the above paragraph.


<PAGE>

PART II

Item 1. Legal Proceedings

None

Item 6. Exhibits and Reports on Form 8-K

      (a)   Exhibits.

            31          Certification of Chief Executive Officer and Chief
                        Financial Officer as required by Rule 13a-14(a) of the
                        Securities Exchange Act of 1934

            32          Certification of Chief Executive Officer and Chief
                        Financial Officer, as required by Rule 13a-14(b) of the
                        Securities Exchange Act of 1934

      (b)   Reports on Form 8-K

            None


<PAGE>

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.


SK REALTY CORP.
(Registrant)

Signature             Title                                   Date
---------             -----                                   ----

/s/ Richard Miller    Chief Executive Officer, President,     November 22, 2006
                      Acting Principal Accounting Officer
                      and Director