UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                            Washington, DC 20549

                                FORM 10-QSB

               Quarterly Report Under Section 13 or 15(d) of
                    the Securities Exchange Act of 1934

For the Quarter Ended                                Commission File Number
   June 30, 2006                                             333-51180

                         OMEGA VENTURES GROUP, INC.
                      --------------------------------
           (Exact name of registrant as specified in its charter)

                                   NEVADA
       (State or other jurisdiction of incorporation or organization)

                                 87-0661638
                            --------------------
                    (I.R.S. Employer Identification No.)

           299 South Main, Suite 1300, Salt Lake City, Utah 84111
          --------------------------------------------------------
                  (Address of principal executive offices)

                               (801) 534-4450
                            -------------------
            (Registrant's telephone number, including area code)

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

                                    None
                                   ------

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.

  X  Yes        No
-----      -----

Check if the Issuer is a shell company.   [X]

As of June 30, 2006, the Company had 72,103,686 shares of its $0.001 par
value common stock outstanding.


                       PART I   FINANCIAL INFORMATION

Item 1. Financial Statements


                OMEGA VENTURES GROUP,  INC. AND SUBSIDIARIES
                        ( Development Stage Company)
                  CONSOLIDATED BALANCE SHEETS - unaudited
                    June 30, 2006 and December 31, 2005

===========================================================================
<Table>
<Caption>
                                                   Jun 30,        Dec 31,
                                                    2006           2005
                                                 ------------  ------------
<S>                                              <C>           <C>
ASSETS
CURRENT ASSETS
 Cash                                               $ 84,243      $ 25,615
                                                 ------------  ------------
   Total Current Assets                               84,243        25,615
                                                 ------------  ------------

FURNITURE AND EQUIPMENT - net of
accumulated depreciation                               2,608         4,308
                                                 ------------  ------------
                                                 $    86,851   $    29,923
                                                 ============  ============

                 LIABILITIES AND STOCKHOLDERS' DEFICIENCY

CURRENT LIABILITIES
 Accounts payable - affiliates                        70,123       121,203
 Accounts payable - related parties                    4,700        22,800
 Accounts payable                                     85,957        97,454
                                                 ------------  ------------
   Total Current Liabilities                         160,780       241,457
                                                 ------------  ------------

STOCKHOLDERS' DEFICIENCY
 Preferred stock
  100,000,000 shares authorized, at $.001
  par value - none issued                                  -            -
 Common stock
  400,000,000 shares authorized, at $.001
  par value; 72,103,686 shares issued and
  outstanding June 30                                 72,104        49,340
 Capital in excess of par value                    1,167,821       962,944
 Stock subscriptions receivable                     (250,000)     (250,000)
 Deficit accumulated during the development stage (1,063,854)     (973,818)
                                                 ------------  ------------
    Total Stockholders' Deficit                      (73,929)     (211,534)
                                                 ------------  ------------
                                                 $    86,851   $    29,923
                                                 ============  ============

</Table>
 The accompanying notes are an integral part of these financial statements.
                                     2


                OMEGA VENTURES GROUP,  INC. AND SUBSIDIARIES
                        ( Development Stage Company)
             CONSOLIDATED STATEMENTS OF OPERATIONS - unaudited
 For the Three and Six Months Ended June 30, 2006 and 2005 and the period
          September 19, 2000 (Date of Inception) to June 30, 2006

===========================================================================
<Table>
<Caption>

                            Three Months              Six Months          Sept 19,
                        Jun 30,      Jun 30,     Jun 30,      Jun 30,      2000 to
                         2006         2005        2006         2005      Jun 30, 2006
                      -----------  ----------- -----------  -----------  ------------
<S>                   <C>          <C>         <C>          <C>          <C>
REVENUES              $        -   $        -  $        -   $        -   $       823
                      -----------  ----------- -----------  -----------  ------------
EXPENSES
 Market development            -            -           -            -       387,988
 Depreciation &
  amortization               850        1,100       1,700        2,200        17,503
 Administrative           81,397        6,536      88,336       15,615       552,625
 Exploration                   -            -           -            -        41,584
 Development of web
  site - preliminary
  project stage                -            -           -           -         25,000
                      -----------  ----------- -----------  -----------  ------------
NET LOSS - OPERATIONS    (82,247)      (7,636)    (90,036)     (17,815)   (1,023,877)
                      -----------  ----------- -----------  -----------  ------------
OTHER EXPENSE
 Interest income               -            -           -            -            89
 Interest expense              -       (3,220)          -       (6,384)      (18,242)
 Loss of assets                -            -           -            -       (21,824)
                      -----------  ----------- -----------  -----------  ------------
NET LOSS              $  (82,247)  $  (10,856) $  (90,036)  $  (24,199)  $(1,063,854)
                      ===========  =========== ===========  ===========  ============

NET LOSS PER
COMMON SHARE

Basic                  $       -      $     -     $     -      $     -
                      -----------  ----------- -----------  -----------
AVERAGE OUTSTANDING
SHARES
(stated in 1,000's)
 Basic                    49,340       44,165      46,165       44,165
                      -----------  ----------- -----------  -----------
 Diluted                  54,439       50,088      51,264       50,088
                      -----------  ----------- -----------  -----------
</Table>


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

                OMEGA VENTURES GROUP,  INC. AND SUBSIDIARIES
                        ( Development Stage Company)
               STATEMENT OF CHANGES  IN STOCKHOLDERS' EQUITY
           For the Period September 19, 2000 (Date of Inception)
                             to June  30, 2006

===========================================================================
<Table>
<Caption>
                                                             Capital in
                                           Common Stock       Excess of   Accumulated
                                       Shares       Amount    Par Value     Deficit
                                    -----------  ----------- -----------  -----------
<S>                                 <C>          <C>         <C>          <C>
Balance September 19, 2000                   -            -          -         -

Issuance of common stock for cash
 at $.001 - September 19, 2000       16,000,000       16,000       -           -
Issuance of common stock for web
  site - September 25, 2000 -
  Note 3                              6,000,000        6,000     19,000         -
Issuance of common stock for cash
  at  $.01 - October 10, 2000         5,000,000        5,000     44,810          -
Net operating loss for the period
  September 19, 2000 to December
  31, 2000                                    -            -         -      (47,010)
                                    -----------  ----------- -----------  -----------
Issuance of common stock for cash
  at $.0012 - January 2001            2,500,000        2,500         500          -
Net operating loss for the year
  ended December 31, 2001                    -             -          -      (11,639)
Issuance of common stock for cash
  at $.10 - net of offering costs
  - July 22, 2002                     5,098,500        5,099     405,735           -
Net operating loss for year
   ended December 31, 2002                   -            -           -     (389,097)
                                    -----------  ----------- -----------  -----------
Issuance of common stock for
  services at $.04 - January
  through March 2003 - net of
  cancellations                       1,750,000        1,750      68,250           -
Issuance of common stock for
  expenses at $.02 - March
  27, 2003                              125,000          125       2,375            -
Issuance of common stock for cash
  at $.15 - May 30, 2003                200,000          200      29,800
Issuance of common stock for cash
  at $.023 - October 20, 2003         2,500,000        2,500      55,140            -
Issuance of common stock for
  expenses at $.01 -
  December 2, 2003                      300,000          300       2,700            -
Return and cancellation of common
  stock - December 2003               (500,000)        (500)         500            -
Net operating loss for the year
  ended December 31, 2003                                                   (342,721)
                                    -----------  ----------- -----------  -----------
Issuance of common stock for cash
  at $.015 - February 20, 2004        1,000,000        1,000      14,000           -
Issuance of common stock for
  expenses at $.03 - June 2, 2004     1,543,232        1,543      44,567           -
Issuance of common stock for
  expenses at $.02 -
  August 25, 2004                     1,122,865        1,123      21,334           -
Issuance of common stock for
  expenses at $.017 -
  October 13, 2004                      350,000          350       5,583           -
Net operating loss for the year
  ended December 31, 2004                  -              -          -      (120,924)
                                    -----------  ----------- -----------  -----------
Balance December 31, 2004           42,989,597        42,990     714,294    (911,391)



</Table>
 The accompanying notes are an integral part of these financial statements.

                                     4

                OMEGA VENTURES GROUP,  INC. AND SUBSIDIARIES
                        ( Development Stage Company)
               STATEMENT OF CHANGES  IN STOCKHOLDERS' EQUITY
           For the Period September 19, 2000 (Date of Inception)
                             to June  30, 2006

===========================================================================
<Table>
<Caption>
                                                             Capital in
                                           Common Stock       Excess of   Accumulated
                                       Shares       Amount    Par Value     Deficit
                                    -----------  ----------- -----------  -----------
<S>                                 <C>          <C>         <C>          <C>
Issuance of common stock for
  expenses at $.02 - Jan  2005          250,000         250       4,750             -
Issuance of common stock for
  subscription receivable -
  net of finders fees - Jan 2005      6,100,000       6,100     243,900             -
Net operating loss for the year
  ended December 31,  2005                  -            -           -       (62,427)
                                    -----------  ----------- -----------  -----------
Balance December 31, 2005            49,339,597       49,340    962,944     (973,818)

Issuance of common shares for
  cash - net of issuance costs
   - June 2006                       22,764,089       22,764     204,877          -
Net operating loss for the six
  months ended June 30,  2006                -            -            -     (90,036)
                                    -----------  ----------- -----------  -----------
Balance June  30,  2006              72,103,686     $ 72,104 $ 1,167,821 $(1,063,854)
                                    ===========  =========== ===========  ===========





</Table>


 The accompanying notes are an integral part of these financial statements.
                                     5


                OMEGA VENTURES GROUP, INC. AND SUBSIDIARIES
                       ( Development  Stage Company)
             CONSOLIDATED  STATEMENTS OF CASH FLOWS - unaudited
       For the Six Months Ended June 30, 2006 and 2005 and the Period
          September 19, 2000 (Date of Inception) to June 30, 2006
===========================================================================
<Table>
<Caption>
                                                                        Sept 19, 2000
                                                Jun 30,       Jun 30,      to Jun 30,
                                                 2006          2005          2006
                                             ------------  ------------  ------------
<S>                                          <C>           <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES
 Net loss                                    $   (90,036)  $   (24,199)  $(1,063,854)
 Adjustments to reconcile net loss to
  net cash provided by operating
  activities
   Depreciation & amortization                     1,700         2,200        17,503
   Change in accounts payable                    (11,497)       25,475       224,564
   Issuance of capital stock for web site              -         2,517        25,000
   Issuance of capital stock for services              -         5,000       155,000
                                             ------------  ------------  ------------
   Net Change in Cash From Operations            (99,833)       10,993      (641,787)
                                             ------------  ------------  ------------
CASH FLOWS FROM INVESTING ACTIVITIES
 Purchase of web site                                  -             -        (5,027)
 Purchase land and deposit                             -       (10,000)     (109,676)
 Purchase of equipment                                 -             -       (15,084)
                                             ------------  ------------  ------------
                                                       -       (10,000)     (129,787)
                                             ------------  ------------  ------------
CASH FLOWS FROM FINANCING ACTIVITIES
 Changes  in a  note payable                     (69,180)            -        45,892
 Net proceeds from issuance of common stock      227,641             -       809,925
                                             ------------  ------------  ------------
                                                 158,461             -       855,817
                                             ------------  ------------  ------------
   Net change  in Cash                            58,628           993        84,243
                                             ------------  ------------  ------------
   Cash at Beginning of Period                    25,615           608             -
                                             ------------  ------------  ------------
   Cash at End of Period                     $    84,243   $     1,601   $    84,243
                                             ============  ============  ============

NON CASH FLOWS FROM OPERATING ACTIVITIES
 Issuance of  6,000,000 common shares for
  web site - 2000                            $    25,000
                                             ------------
 Issuance of 2,175,000 common shares for
  services - 2003                                 75,500
                                             ------------
 Issuance of 3,016,097 common shares for
  services and expenses - 2004                    74,500
                                             ------------
 Issuance of 250,000 common shares for
  expenses - 2005                                  5,000
                                             ------------


</Table>
 The accompanying notes are an integral part of these financial statements
                                     6

                OMEGA VENTURES GROUP,  INC. AND SUBSIDIARIES
                        ( Development Stage Company)
                       NOTES TO FINANCIAL STATEMENTS
                               June 30, 2006

===========================================================================

1. ORGANIZATION

The Company was incorporated under the laws of the State of Nevada on
September 19, 2000 with the name "Office Managers, Inc" with  authorized
common stock of 50,000,000 shares at $0.001 par value. On November 13, 2003
the name was changed to "Omega Ventures Group, Inc." in connection with an
increase in the  authorized common stock  to 400,000,000 shares, with the
same par value, and the addition of authorized preferred shares of
100,000,000 shares with a par value of $.001. No terms have been determined
for the preferred stock and no shares have been issued.

The Company was organized for the purpose of  acquiring and developing a
web site on the World Wide  Web devoted exclusively to office managers for
the purpose of delivering office products and related professional services
over the  internet.

On February 13, 2003 the Company organized "Vogue Environmental Solutions,
Inc". a wholly owned subsidiary.  Vogue has no assets or liabilities and
no operations.  On August 20, 2003 the Company organized "Western Gas
Corporation" , a wholly owned subsidiary  for the purpose of the
acquisition and exploration of oil and gas leases.  On November 24, 2003
the Company organized "Arizona Land Corporation" , a wholly owned
subsidiary, for the purpose of engaging in  land  investment and
development.

The Company is in the development stage.

2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Methods
------------------

The Company recognizes income and expenses based on the accrual method of
accounting.

Dividend Policy
---------------

The Company has not  adopted a policy regarding payment of dividends.

Basic and Dilutive Net Income (Loss) Per Share
----------------------------------------------

Basic net income (loss) per share amounts are computed based on the
weighted average number of shares actually outstanding. Diluted net income
(loss) per share amounts are computed using the weighted average number of
common shares and common equivalent shares outstanding as if shares had
been issued on the exercise of any common share rights unless the  exercise
becomes antidilutive and then only the basic per share amounts are shown in
the report.

The dilutive common shares includes 5,098,500 shares that may be issued in
the future.



                                     7

               OMEGA VENTURES GROUP,  INC.  AND SUBSIDIARIES
                        ( Development Stage Company)
                 NOTES TO FINANCIAL STATEMENTS (Continued)
                               June 30, 2006

===========================================================================

2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

Income Taxes
------------

The Company utilizes the liability method of accounting for income taxes.
Under the liability method deferred tax assets and liabilities are
determined based on the differences between financial reporting and the tax
bases of the assets and liabilities and are measured using the enacted tax
rates and laws that will be in effect, when the differences are expected to
reverse.  An allowance against deferred tax assets is recorded, when it is
more likely than not, that such tax benefits will not be realized.

On June 30, 2006, the Company and its subsidiaries  had a  net operating
loss available for carry forward of  $ 1,063,854.  The income  tax benefit
of  approximately $ 319,000 from the loss carry forward  has been fully
offset by a valuation reserve because the use of the future tax benefit is
doubtful since the Company has no operations.  The net operating loss will
expire starting  in 2021 through 2027.

Financial Instruments
---------------------

The carrying amounts of financial instruments  are considered by management
to be their estimated fair values due to their short term maturities.

Recent Accounting Pronouncements
--------------------------------

The Company does not expect that the adoption of other recent accounting
pronouncements will
have a material impact on its  financial statements.

Financial and Concentrations Risk
---------------------------------

The Company does not have any concentration or related financial credit
risk.

Revenue Recognition
-------------------

Revenue will be recognized on the sale and delivery of a product or the
completion of a service provided.

Advertising and Market Development
----------------------------------

The company  expenses advertising and market development costs as incurred.

Principles of Consolidation
---------------------------

The consolidated financial statements include the assets,  liabilities, and
operations of the Company and its wholly owned subsidiaries.  All
intercompany transactions have been eliminated




                                     8

               OMEGA VENTURES GROUP,  INC.  AND SUBSIDIARIES
                        ( Development Stage Company)
                 NOTES TO FINANCIAL STATEMENTS (Continued)
                               June 30, 2006

===========================================================================

2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued

Estimates and Assumptions
-------------------------

Management uses estimates and assumptions in preparing financial statements
in accordance with generally accepted accounting principles.  Those
estimates and assumptions affect the reported amounts of the assets and
liabilities, the disclosure of contingent assets and liabilities, and the
reported revenues and expenses.  Actual results could vary from the
estimates that were assumed in preparing these financial statements.

Office equipment
----------------

Office equipment is depreciated over 3 and 7 years using the straight line
method.

     Cost                                              $ 15,084
     Less accumulated depreciation                       12,476
                                                       ---------
           Net                                            2,608
                                                       =========

3.  OIL AND GAS LEASES

During August 2003 Western Gas Corporation (subsidiary) acquired an
undivided 2.5% working interest, with a 1.875% net revenue in a 75%
interest, in an oil and gas lease known as "Mana Huilla Creek Prospect"
located in Goliad County , Texas.

The lease has not been proven  and therefore all costs for acquisition  and
exploration have been expensed.

4.  SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

Officers-directors,  and Apex Resources, Inc. (an  affiliate by common
officers)  have acquired 21% of the common stock  issued.

Officer-directors  have made no interest, demand loans to the Company of
$4,700.

A Company affiliate has made  no interest, demand loans to the Company of
$70,123.






                                     9

                OMEGA VENTURES GROUP,  INC.  AND SUBSIDIARIES
                        ( Development Stage Company)
                 NOTES TO FINANCIAL STATEMENTS (Continued)
                               June 30, 2006

===========================================================================

5.  CAPITAL STOCK

During July 2002  the Company completed the sale of an offering of
5,098,500 units at $.10 per unit. Each unit consists of one share of common
stock,  one  redeemable A  warrant to purchase an additional common share
at $.50 by July 10, 2003 (expired),  and one redeemable B warrant to
purchase an additional  common share  at $1.20 by July 10, 2007 which would
amount to the issuance of 5,098,500 additional shares.  On the report date
no warrants had been exercised.

During 2005 the Company  issued 250,000 restricted common shares for
services of  $5,000 and 6,100,000 restricted common shares for stock
subscriptions receivable of $250,000.

During  2006 the Company issued 22,764,089 restricted common shares for  $
227,641, net of issuance costs.

6.  GOING CONCERN

The Company intends  to continue the  development of its business
interests,  however, there is insufficient  working capital necessary to be
successful in this effort and to service its debt.

Continuation of the Company  as a going concern is dependent upon obtaining
additional working capital and the management of the Company has developed
a strategy, which it believes will accomplish this objective, through short
term related party loans,  long term financing, and additional equity
funding,  which will enable the Company to operate for the coming year.




                                     10

Item 2.  Plan of Operations

     This Form 10-QSB contains certain forward-looking statements.  For
this purpose any statements contained in this Form 10-QSB that are not
statements of historical fact may be deemed to be forward-looking
statements.  Without limiting the foregoing, words such as "may," "will,"
"expect," "believe," "anticipate," "estimate" or "continue" or comparable
terminology are intended to identify forward-looking statements.  These
statements by their nature involve substantial risks and uncertainties.
Actual results may differ materially depending on a variety of factors.
For a complete understanding, this Plan of Operations should be read in
conjunction with the Part I- Item 1. Financial Statements to this Form 10-
QSB and with the Form 10-KSB Annual Report of the Company filed with the
Securities and Exchange Commission on April 27, 2006.

General
-------

     From inception through the fourth quarter of 2003, the Company sought
to establish an online credit and collections professional referral
service.  The Company encountered numerous difficulties in implementing its
referral service.  These difficulties, coupled with a lack of funds and
limited prospects for generating revenue, prompted the Company in the
fourth quarter of 2003, to discontinue its efforts to pursue the
development of its online credit and collections referral service.

     During 2004 and 2005, the Company primarily focused its efforts into
the acquisition of interests in oil and gas projects and real estate.
Because of limited funds, however, the Company has been unsuccessful in its
efforts.  As a result of its limited funds, the Company engaged in very
little operating activity during 2006.

     The Company has three wholly-owned subsidiaries: Western Gas
Corporation; Arizona Land Corporation and Vogue Environmental Solutions,
Inc.

     Western Gas Corporation
     -----------------------

     Due to a lack of funds, Western Gas did not engage in any exploration
activities during the quarter ended June 30, 2006.

     Arizona Land Corporation
     ------------------------

     Due to a lack of funds, Arizona Land did not engage in any land
acquisition activities during the quarter ended June 30, 2006.

     Vogue Environmental Solutions, Inc.
     -----------------------------------

     Due to a lack of funds, Vogue Environmental Solutions did not engage
in active operations during the quarter ended June 30, 2006.


Source of Funds
---------------

     Because the Company is not currently generating revenue, it is
dependent upon loans from related parties and private sales of its
securities to fund its operations.



                                     11

     NOTE 6 OF THE NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
states that the Company will need additional capital to service its debt
and funds it planned activities, which raises substantial doubt about the
Company's ability to continue as a going concern.  The Company has never
generated revenue and it is unlikely the Company will generate revenue
during 2006, which raises substantial doubt about the Company's ability to
continue as a going concern.  To continue operations, the Company will need
to obtain funding from third parties.  This funding may be sought by means
of private equity or debt financing by the Company.  The Company currently
has no commitments from any party to provide funding and there is no way to
predict when, or if, any such funding could materialize.  There is no
assurance that the Company will be successful in obtaining additional
funding on attractive terms or at all.  If the Company is unsuccessful in
obtaining additional funding, the Company may be unable to continue
operations as it has insufficient working capital necessary to meet its
expenses and service its debt.

     During the quarter the Company finalized the terms of a private
placement of its common stock.  The Company sold 22,764,100 shares of its
common stock in exchange for proceeds of $227,641.  The Company shares were
issued in June 2006.

RESULTS OF OPERATIONS
---------------------

     During the period from inception, September 19, 2000, to June 30,
2006, the Company has generated no income from active operations.  Since
inception, the Company has earned $823 in interest income, including $0
during the six months ended June 30, 2006.  The Company does not expect to
generate any material revenues during the remainder of the 2006 fiscal
year.

     As of June 30, 2006, the Company had an accumulated deficit of
$1,063,854 funded by paid-in capital.  At June 30, 2006, the Company had
total current assets of $84,243 and total current liabilities of $160,780
compared to total current assets of $25,615 and total current liabilities
of $241,457 on December 31, 2005.  The private placement conducted during
the quarter is the primary factor contributing to the increase in total
assets.  The primary contributing factors to the increase in accumulated
deficit and total current liabilities is increased accounts payable during
the quarter ended June 30, 2006.

     COMPARISON OF THE THREE MONTHS ENDED JUNE 30, 2006 AND 2005
     -----------------------------------------------------------

     During the three months ended June 30, 2006, the Company incurred
operating expenses of $82,247 compared to $7,636 during the three months
ended June 30, 2005.  This significant increase in operating expenses was
attributable to a significant increase in administrative expense.

     During the three months ended June 30, 2006 and June 30, 2005, the
Company incurred no expenses for market development, exploration or website
development.  During the second quarter 2006, the Company incurred $81,397
in administrative expenses, compared to $6,536 in the first quarter 2006.
This significant increase in administrative expense is largely attributable
to increased travel and legal expenses and consulting fees. During the
second quarter 2006, the Company incurred $850 in depreciation and
amortization compared to $1,100 during the second quarter 2005.

     The Company incurred no interest expense during the second quarter of
2006 but did incur interest expense of $3,220 during the second quarter of
2005.  The Company anticipates its expenses and losses will continue at a
rate consistent with those experienced during the first quarter 2006 until
such time as the Company undertakes active operations.



                                     12

LIQUIDITY AND CAPITAL RESOURCES
-------------------------------

     The Company has financed its operations mainly through the sale of its
common stock and through loans from related parties.  Since inception, the
Company has been entirely dependent upon outside sources of financing for
continuation of operations.  As stated previously, there is no assurance
that the Company will be successful in obtaining additional funding on
acceptable terms or at all.  As discussed above, during the quarter the
Company finalized a private placement of its common stock to an investor.
In exchange for $227,641, the investors in the private placement were
issued 22,764,089 shares of our common stock.

     As of June 30, 2006, the Company had cash on hand of $84,243.  During
the second quarter 2005, the Company issued 5,000,000 shares for stock
subscriptions receivable of $250,000.  As of June 30, 2006, the Company has
not received any of the funds for the stock subscriptions.  The 5,000,000
shares are being held in escrow to be released as funds are received.  It
is unclear at this time if, or when,  the Company will receive these funds.

     It is unlikely the Company will realize revenue from the operations of
any of its subsidiaries through the remainder of 2006.  While the
Company raised $227,641 in the private offering, unless the Company can
undertake a business opportunity that will allow it to generate revenue, it
is unclear how long the Company may be able to continue operations.

OFF BALANCE SHEET FINANCING ARRANGEMENTS
----------------------------------------

     As of June 30, 2006 the Company had no off-balance sheet financing
arrangements

ITEM 3.   CONTROLS AND PROCEDURES


     The Company's principal executive officers and our principal financial
officer (the "CERTIFYING OFFICERS") are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e). Such officers have concluded (based upon
their evaluations of these controls and procedures as of the end of the
period covered by this report) that the Company's disclosure controls and
procedures are effective to ensure that information required to be
disclosed by it in this report is accumulated and communicated to
management, including the Certifying Officers as appropriate, to allow
timely decisions regarding required disclosure.

     The Certifying Officers have also indicated that there were no
significant changes in the Company's internal controls over financial
reporting or other factors that could significantly affect such controls
subsequent to the date of their evaluation, and there were no significant
deficiencies and material weaknesses.

     Management, including the Certifying Officers, does not expect that
the Company's disclosure controls or its internal controls will prevent all
error and all fraud. A 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.  In addition, 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 in all control systems, no evaluation
of controls can provide absolute assurance that all control issues and
instances of fraud, if any, within a 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.  Additionally, controls can be circumvented by the individual
acts of some persons, by collusion of two or more people or by management
override of the control.  The design of any systems of controls 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.  Because
of these inherent limitations in a cost-effective control system,
misstatements due to error or fraud may occur and may not be detected.

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                        PART II - OTHER INFORMATION

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES

     No instruments defining the rights of the holders of any class of
registered securities were materially modified, limited or qualified during
the quarter ended June 30, 2006.

     During the quarter the Company finalized a private placement of its
common stock to Chintech Consultants, an investor from Hong Kong.  The
Company received proceeds of $227,641 in exchange for 22,764,089 shares of
Company common stock.    These shares were issued without registration
under the Securities Act of 1933 in reliance upon an exemption from
registration pursuant to Regulations S of the Securities Act Rules.

ITEM 6.  EXHIBITS

     Exhibits.    The following exhibits are included as part of this
     report:

     Exhibit No.    Exhibit
     -----------    -------

     31.1           Certification of Principal Executive Officer pursuant
                    to Section 302 of the Sarbanes-Oxley Act of 2002.
     31.2           Certification of Principal Financial Officer pursuant
                    to Section 302 of the Sarbanes-Oxley Act of 2002.
     32.1           Certification of Principal Executive Officer pursuant
                    to Section 906 of the Sarbanes-Oxley Act of 2002.
     32.2           Certification of Principal Financial Officer pursuant
                    to Section 906 of the Sarbanes-Oxley Act of 2002.


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                                 SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this quarterly report to be signed on its
behalf by the undersigned thereunto duly authorized.

                              OMEGA VENTURES GROUP, INC.



August 14, 2006               /S/ John M. Hickey
                              -------------------------------------------
                              John M. Hickey, Principal Executive Officer



August 14, 2006               /S/ John Ray Rask
                              -------------------------------------------
                              John Ray Rask, Principal Financial Officer








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