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| Delaware                                                | 62-1133652                         |
|---------------------------------------------------------|------------------------------------|
| (State                or other jurisdiction of          | (I.R.S.                Employer    |
| incorporation                or organization)           | Identification                No.) |
|                                                    |                               |
| P.O.                Box 1355                            |                               |
| Englewood                Cliffs, New Jersey             | 11580                              |
| (Address                of principal executive offices) | (Zip                code)          |

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| Part                I:  |   | FINANCIAL                INFORMATION                                                                                |  2 |
|-------------------------|--------|---------------------------------------------------------------------------------------------------------------------|---------|
|                    |   |                                                                                                                |    |
| Item                1:  |   | Financial                Statements                                                                                 |  2 |
|                    |   |                                                                                                                |    |
| Item                2:  |   | Management's                Discussion and Analysis of Financial Condition and Results of                Operations |  6 |
|                    |   |                                                                                                                |    |
| Part                II: |   | OTHER                INFORMATION                                                                                    |  7 |
|                    |   |                                                                                                                |    |
| SIGNATURES              |   |                                                                                                                | 8  |

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**Part      I Financial Information**

**Item      1.**
**      Financial Statements.**

| **Universal                Services Group, Inc. and Subsidiaries** |
|--------------------------------------------------------------------|
| **Consolidated                Balance Sheets**                     |
| **(UNAUDITED)**                                                    |

|                                                                 |   | February                1, |       | November                1, |   |
|----------------------------------------------------------------------|--------|----------------------------|------------|----------------------------|--------|
|                                                                 |   | 2003                       |       | 2002                       |   |
|                                                                 |   | (Unaudited)                |       | (Unaudited)                |   |
| **Assets:**                                                          |   |                       |       |                       |   |
| Current                Assets:                                       |   |                       |       |                       |   |
| Cash                and Cash Equivalents                             |   | $                          | 0          |                       | $      | 0 |   |
| Accounts                Receivable, Net                              |   |                       | 0          |                       |   | 0 |   |
| Accounts                Receivable-Sale of Assets                    |   |                       | 0          |                       |   | 0 |   |
| Other                Current Assets                                  |   |                       | 0          |                       |   | 0 |   |
|                                                                 |   |                       |       |                       |   |   |   |
| Total                Current Assets                                  |   | $                          | 0          |                       | $      | 0 |   |
|                                                                 |   |                       |       |                       |   |   |   |
| Property                & Equipment, Net                         |   |                       | 0          |                       |   | 0 |   |
|                                                                 |   |                       |       |                       |   |   |   |
| Other                Assets                                          |   |                       | 0          |                       |   | 0 |   |
|                                                                 |   |                       |       |                       |   |   |   |
| Total                Assets                                          |   | $                          | 0          |                       | $      | 0 |   |
|                                                                 |   |                       |       |                       |   |   |   |
| **Liabilities:**                                                     |   |                       |       |                       |   |   |   |
|                                                                 |   |                       |       |                       |   |   |   |
| Current                Liabilities                                   |   |                       |       |                       |   |   |   |
| Notes                Payable-Bank                                    |   | $                          | 0          |                       | $      | 0 |   |
| Current                Maturities of Long Term Debt                  |   |                       | 0          |                       |   | 0 |   |
| Accounts                Payable-Trade                                |   |                       | 0          |                       |   | 0 |   |
| Accrued                Payroll                                       |   |                       | 0          |                       |   | 0 |   |
| Payroll                Taxes Payable                                 |   |                       | 248,578    |                       |   | 248,578 |   |
| Accrued                Expenses                                      |   |                       | 0          |                       |   | 0 |   |
|                                                                 |   |                       |       |                       |   |   |   |
| Total                Current Liabilities                             |   | $                          | 248,578    |                       | $      | 248,578 |   |
|                                                                 |   |                       |       |                       |   |   |   |
| Non                Current Liabilities:                              |   |                       |       |                       |   |   |   |
| Notes                Payable-Related Parties                         |   |                       | 719,995    |                       |   | 719,995 |   |
|                                                                 |   |                       |       |                       |   |   |   |
| Total                Liabilities                                     |   | $                          | 968,573    |                       | $      | 968,573 |   |
|                                                                 |   |                       |       |                       |   |   |   |
| **Stockholders                Equity**                               |   |                       |       |                       |   |   |   |
| Common                Stock-$.06 Par Value                           |   |                            |            |                       |        |  |   |
| 50,000,000                Shares Authorized, 5,353,857 Shares        |   |                       |       |                       |   |   |   |
| Issued                and Outstanding                                |   | $                          | 321,232    |                       | $      | 321,232 |   |
| Additional                Paid in Capital                            |   |                       | 322,097    |                       |   | 322,097 |   |
| Retained                Earnings (Deficit)                           |   |                       | (1,611,902 | )                          |   | (1,611,902 | ) |
|                                                                 |   |                       |       |                       |   |   |   |
| Total                Stockholders Equity (Deficit)                   |   | $                          | (968,573   | )                          | $      | (968,573 | ) |
|                                                                 |   |                       |       |                       |   |   |   |
| Total                Liabilities & Stockholders Equity (Deficit) |   | $                          | 0          |                       | $      | 0 |   |

| See                Notes to Consolidated Financial Statements |   |
|---------------------------------------------------------------|--------|

----

| **Universal                Services Group, Inc. and Subsidiaries**                     |
|----------------------------------------------------------------------------------------|
| **Consolidated                Statements of Operations**                               |
| **For                the Three Months ended February 1, 2003 and                2002** |
| **(UNAUDITED)**                                                                        |

|                                                        |   | For                the Three Months |   |
|-------------------------------------------------------------|--------|-------------------------------------|--------|
|                                                        |   | Ended                               |   |
|                                                        |   | February                1,          |   | February                1, |   |
|                                                        |   | 2003                                |   | 2002 |   |
|                                                        |   | (Unaudited)                         |   | (Unaudited) |   |
|                                                        |   |                                |   |   |   |
| Revenues                                                    |   | $                                   | 0      |   | $ | 0 |   |
|                                                        |   |                                |   |   |   |   |   |
| Direct                Costs                                 |   |                                | 0      |   |   | 0 |   |
|                                                        |   |                                |   |   |   |   |   |
| Gross                Operating Profit                       |   | $                                   | 0      |   | $ | 0 |   |
|                                                        |   |                                |   |   |   |   |   |
| **Expenses:**                                               |   |                                |   |   |   |   |   |
| Selling,                General and Administrative Expenses |   |                                | 0      |   |   | 0 |   |
| Penalties                & Interest                     |   |                                | 0      |   |   | 0 |   |
| Interest                Expense, Net                        |   |                                | 0      |   |   | 0 |   |
| Total                Expenses                               |   | $                                   | 0      |   | $ | 0 |   |
|                                                        |   |                                |   |   |   |   |   |
| Net                Income (Loss) before Extraordinary Item  |   | $                                   | 0      |   | $ | 0 |   |
|                                                        |   |                                |   |   |   |   |   |
| Extraordinary                Item:                          |   |                                |   |   |   |   |   |
| Write                downs/off on Closing of Business       |   |                                | 0      |   |   | 0 |   |
|                                                        |   |                                |   |   |   |   |   |
| Net                Income (Loss) before Taxes               |   | $                                   | 0      |   | $ | 0 |   |
|                                                        |   |                                |   |   |   |   |   |
| Less:                Provision for Income Taxes             |   |                                | 0      |   |   | 0 |   |
|                                                        |   |                                |   |   |   |   |   |
| Net                Income (Loss)                            |   | $                                   | 0      |   | $ | 0 |   |
|                                                        |   |                                |   |   |   |   |   |
| Net                Income (Loss) per Share                  |   |                                |   |   |   |   |   |
| Income                (Loss) before Extraordinary Item      |   |                                | 0.00   |   |   | 0.00 |   |
| Extraordinary                Item                           |   |                                | 0.00   |   |   | 0.00 |   |
|                                                        |   |                                |   |   |   |   |   |
| Net                Income (Loss) per Share                  |   | $                                   | 0.00   |   | $ | 0.00 |   |

| See                Notes to Consolidated Financial Statements |   |
|---------------------------------------------------------------|--------|

----

| **Universal                Services Group, Inc. and Subsidiaries**                     |
|----------------------------------------------------------------------------------------|
| **Consolidated                Statements of Cash Flows**                               |
| **For                the Three Months ended February 1, 2003 and                2002** |
| **(UNAUDITED)**                                                                        |

|                                                             |   | For                the Three Months |   |
|------------------------------------------------------------------|--------|-------------------------------------|--------|
|                                                             |   | Ended                               |   |
|                                                             |   | February                1,          |   | February                1, |   |
|                                                             |   | 2003                                |   | 2002 |   |
|                                                             |   | (Unaudited)                         |   | (Unaudited) |   |
| Cash                Flow from Operating Activities               |   |                                |   |   |   |
| Income                (Loss) from Operations                     |   | $                                   | 0      |   | $ | 0 |   |
|                                                             |   |                                |   |   |   |   |   |
| Adjustments                to Reconcile Net Income to            |   |                                |   |   |   |   |   |
| Net                income (Loss) to Net Cash Provided            |   |                                |   |   |   |   |   |
| (Used)                by Continuing Operations:                  |   |                                |   |   |   |   |   |
| Depreciation                and Amortization                     |   |                                | 0      |   |   | 0 |   |
| Gain                on sale of Fixed Assets                      |   |                                | 0      |   |   | 0 |   |
|                                                             |   |                                |   |   |   |   |   |
| (Increase)                Decrease in Assets                     |   |                                |   |   |   |   |   |
| Accounts                Receivable                               |   |                                | 0      |   |   | 0 |   |
| Other                Current Assets                              |   |                                | 0      |   |   | 0 |   |
| Other                Assets                                      |   |                                | 0      |   |   | 0 |   |
| Increase                (Decrease) in Liabilities                |   |                                |   |   |   |   |   |
| Accounts                Payable                                  |   |                                | 0      |   |   | 0 |   |
| Accrued                Expenses                                  |   |                                | 0      |   |   | 0 |   |
| Payroll                Taxes Payable                             |   |                                | 0      |   |   | 0 |   |
| Total                Adjustments                                 |   | $                                   | 0      |   | $ | 0 |   |
| Net                Cash Provided (Used) by Operating Activities  |   | $                                   | 0      |   | $ | 0 |   |
|                                                             |   |                                |   |   |   |   |   |
|                                                             |   |                                |   |   |   |   |   |
| Investing                Activities                              |   |                                |   |   |   |   |   |
| Sale                of Assets                                    |   | $                                   | 0      |   | $ | 0 |   |
| Return                of Security Deposits                       |   |                                | 0      |   |   | 0 |   |
| Purchase                of Assets                                |   |                                | 0      |   |   | 0 |   |
| Net                Cash Provided (Used) by Investing Activities  |   | $                                   | 0      |   | $ | 0 |   |
|                                                             |   |                                |   |   |   |   |   |
| Financing                Activities                              |   |                                |   |   |   |   |   |
| Additional                Borrowings-Banks                       |   | $                                   | 0      |   | $ | 0 |   |
| Payments                to Banks                                 |   |                                | 0      |   |   | 0 |   |
| Payments                on Long Term Obligations                 |   |                                | 0      |   |   | 0 |   |
| Additional                Borrowings-Related Parties             |   |                                | 0      |   |   | 0 |   |
| Net                Cash Provided (Used) by Financing Activities  |   | $                                   | 0      |   | $ | 0 |   |
|                                                             |   |                                |   |   |   |   |   |
| Net                Increase (Decrease) in Cash & Equivalents |   | $                                   | 0      |   | $ | 0 |   |
|                                                             |   |                                |   |   |   |   |   |
| Cash                & Cash Equivalents-Beginning of Year     |   |                                | 0      |   |   | 0 |   |
| Cash                & Cash Equivalents-End of Year           |   | $                                   | 0      |   | $ | 0 |   |
|                                                             |   |                                |   |   |   |   |   |
| Supplemental                Disclosures of Cash Flow Information |   |                                |   |   |   |   |   |
| Cash                Paid during Year for: Interest               |   | $                                   | 0      |   | $ | 0 |   |
| Taxes                                                            |   |                                | 0      |   |   | 0 |   |

| See                Notes to Consolidated Financial                Statements |
|------------------------------------------------------------------------------|

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**Universal      Services Group, Inc. and Subsidiaries**

**Notes      to Consolidated Financial Statements**

**February      1, 2003**

**1.      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:**

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

**Introduction**

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**Results      of Operations**

**Liquidity      and Capital Resources**

**Part      II OTHER INFORMATION**

**Item      1. Legal Proceedings.**

**Item      2. Changes in Securities.**

**Item      3. Defaults Upon Senior Securities.**

**Item      4. Other Information.**

**Item      5. Exhibits.**

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**SIGNATURES**

|         |                                                                              |                           |
|--------------|-----------------------------------------------------------------------------------|--------------------------------|
|         | UNIVERSAL                SERVICES GROUP, INC.                                     |
|    |                                                                         |                      |
|              | By:                                                                     | /s/              Colin Halpern |
|         | Colin                Halpern, Chairman and Chief                Executive Officer |
|         |                                                                              |
|         | Date:                August 15, 2007                                              |

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