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

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| Part                  I:  | FINANCIAL                  INFORMATION                                                                                  | 3      |
|---------------------------|-------------------------------------------------------------------------------------------------------------------------|--------|
|                      |                                                                                                                    |   |
| Item                  1:  | Financial                  Statements                                                                                   | 3      |
|                      |                                                                                                                    |   |
| Item                  2:  | Management's                  Discussion and Analysis of Financial Condition and                  Results of Operations | 8      |
|                      |                                                                                                                    |   |
| Part                  II: | OTHER                  INFORMATION                                                                                      | 9      |
|                      |                                                                                                                    |   |
| SIGNATURES                |                                                                                                                    | 10     |

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**Part      I Financial Information**

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

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

|                                                                         |   | May                1, |       | November                1, |   |
|------------------------------------------------------------------------------|--------|-----------------------|------------|----------------------------|--------|
|                                                                              |   | 2002                  |       | 2001                       |   |
|                                                                         |   | (Unaudited)           |       | (Unaudited)                |   |
| **Assets:**                                                                  |   |                  |       |                       |   |
| Current                Assets:                                               |   |                  |       |                       |   |
| Cash                and Cash Equivalents                                     |   | $                     | 0          |                       | $      | 0 |   |
| Accounts                Receivable, Net                                      |   |                  | 0          |                       |   | 0 |   |
| Accounts                Receivable-Sale of Assets                            |   |                  | 25,000     |                       |   | 25,000 |   |
| Other                Current Assets                                          |   |                  | 0          |                       |   | 0 |   |
|                                                                         |   |                  |       |                       |   |   |   |
| Total                Current Assets                                          |   | $                     | 25,000     |                       | $      | 25,000 |   |
|                                                                         |   |                  |       |                       |   |   |   |
| Property                & Equipment, Net                                 |   |                  | 0          |                       |   | 0 |   |
|                                                                         |   |                  |       |                       |   |   |   |
| Other                Assets                                                  |   |                  | 0          |                       |   | 0 |   |
|                                                                         |   |                  |       |                       |   |   |   |
| Total                Assets                                                  |   | $                     | 25,000     |                       | $      | 25,000 |   |
|                                                                         |   |                  |       |                       |   |   |   |
| **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                                 |   |                  | 747,399    |                       |   | 747,399 |   |
|                                                                         |   |                  |       |                       |   |   |   |
| Total                Liabilities                                             |   | $                     | 995,977    |                       | $      | 995,977 |   |
|                                                                         |   |                  |       |                       |   |   |   |
| **Stockholders                Equity**                                       |   |                  |       |                       |   |   |   |
| Common                Stock-$.06 Par Value                                   |   | $                     | 321,232    |                       | $      | 321,232 |   |
| 50,000,000                Shares Authorized, 5,353,857 Shares                |   |                  |       |                       |   |   |   |
| Issued                and Outstanding                                        |   |                  |       |                       |   |   |   |
| Additional                Paid in Capital                                    |   |                  | 322,097    |                       |   | 322,097 |   |
| Retained                Earnings (Deficit)                                   |   |                  | (1,614,306 | )                          |   | (1,614,306 | ) |
|                                                                         |   |                  |       |                       |   |   |   |
| Total                Stockholders Equity (Deficit)                           |   |                  | (970,977   | )                          |   | (970,977 | ) |
|                                                                         |   |                  |       |                       |   |   |   |
| Total                Liabilities & Stockholders Equity (Deficit)         |   | $                     | 25,000     |                       | $      | 25,000 |   |
|                                                                         |   |                  |       |                       |   |   |   |
| See                Notes to Consolidated Financial                Statements |

----

| **Universal                Services Group, Inc. and Subsidiaries** |
|--------------------------------------------------------------------|
| **Consolidated                Statements of Operations**           |
| **For                the Three Months ended May 1, 2002 and 2001** |
| **(UNAUDITED)**                                                    |

|                                                                              |   | For                the Three Months Ended |   |
|------------------------------------------------------------------------------|--------|-------------------------------------------|--------|
|                                                                              |   | May                1,                     |   |  May                1, |   |
|                                                                         |   |  2002                                |   |  2001 |   |
|                                                                              |   | (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:                                           |   |                                      |   |   |   |   |   |
| Forgiveness                of Debt on Settlement of Liabilities              |   |                                      | 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 Operations**           |
| **For                the Six Months ended May 1, 2002 and 2001**   |
| **(UNAUDITED)**                                                    |

|                                                            |   | For                the Six Months Ended |   |
|-----------------------------------------------------------------|--------|-----------------------------------------|--------|
|                                                                 |   | May                1,                   |   |  May                1, |   |
|                                                            |   |  2002                              |   |  2001 |   |
|                                                                 |   | (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:                              |   |                                    |   |   |   |   |   |
| Forgiveness                of Debt on Settlement of Liabilities |   |                                    | 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 Six Months ended May 1, 2002 and 2001**   |
| **(UNAUDITED)**                                                    |

|                                                                              |   | For                the Six Months Ended |
|------------------------------------------------------------------------------|--------|-----------------------------------------|
|                                                                              |   |                                    | May                1, |   |   | May                1, |   |
|                                                                         |   |                                    | 2002 |   |   | 2001 |   |
|                                                                              |   |                                    | (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 |   |
|                                                                         |   |                                    |   |   |   |   |   |
| (Increase)                Decrease in Assets                                 |   |                                    |   |   |   |   |   |
| Accounts                Receivable                                           |   |                                    | 0 |   |   | 0 |   |
| Accounts                Receivable-Sale of Business                          |   |                                    |   |   |   | 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**

**May      1, 2002**

**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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