**UNITED
      STATES SECURITIES AND EXCHANGE COMMISSION**


**Washington,
      D. C. 20549**


**FORM
      10-QSB**





x
            QUARTERLY
                REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
                ACT OF
                1934





For
      the quarterly period ended:
March 31, 2007





o
            TRANSITION
                REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE
                ACT OF
                1934






For
      the
      transition period
      from _________________ to _________________




Commission
      File number
333-51180





**OMEGA
      VENTURES GROUP, INC.**


(Exact
      name of registrant as specified in charter)





UTAH
                  
                  87-0661638(State
                      or other jurisdiction of  incorporation or
                      organization)
                  
                  (I.R.S.
                      Employer Identification
                      No.)








299
                    S. Main Street, Suite 1300, Salt Lake City, Utah
                
                84111(Address
                    of principal executive offices)
                
                (Zip
                    Code)





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





Check
      whether the issuer(1)
      has filed all reports required to be filed by Section 13 or 15(d) of the
      Securities Exchange Act of 1934 during the preceding 12 months (or for such
      shorter period that the registrant was required to file such reports), and
      (2)
      has been subject to such filing requirements for the past 90
      days.    Yes x   No  o





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act). Yes x  No o





As
      of May
      10, 2007, the Company had 78,489,875 shares of its $.001 par value, common
      stock
      outstanding.





Transitional
      Small Business Disclosure Format: Yes o  No x















INDEXPage
                    NumberPARTI.ITEM1.
                Financial
                  Statements (unaudited)
                3Consolidated
                  Balance Sheets as of March 31, 2007 and December 31,
                  20063Consolidated
                  Statements of Operations Three Months Ended March 31, 2007 and
                  2006 and
                  the Period from Inception (September 19, 2000) to March 31, 2007
                4Consolidated
                  Statements of Cash Flows Three Months Ended March 31, 2007 and 2006
                  and the Period from Inception (September 19, 2000) to March 31,
                  2007
                5Notes
                  to Financial Statements
                6ITEM2
                Plan
                  of Operations
                12ITEM3.
                Controls
                  and Procedures
                13PARTII
                
                14ITEM6.
                Exhibits
                14Signatures
                15















**PARTI
      - FINANCIAL INFORMATION**





**Item1.
      Financial Statements**




The
      accompanying consolidated balance
      sheets of Omega Ventures Group, Inc.,  (a development stage company)
      at March 31, 2007, the consolidated statements of operations for the three
      months ended March 31, 2007 and 2006 and the period from inception (September
      19, 2000) to March 31, 2007 and consolidated statements of cash flows for the
      three months ended March 31, 2007 and 2006 and the period from inception
      (September 19, 2000) to March 31, 2007, have been prepared by our management
      in
      conformity with accounting principles generally accepted in the United States
      of
      America.  In the opinion of management, all adjustments considered
      necessary for a fair presentation of the results of operations and financial
      position have been included and all such adjustments are of a normal recurring
      nature.





Operating
      results for the quarter
      ended March 31, 2007, are not necessarily indicative of the results that can
      be
      expected for the year ending December 31, 2007.





**OMEGA
                                          VENTURES GROUP, INC. AND SUBSIDIARIES**(
                                          Development Stage Company )CONSOLIDATED
                                          BALANCE SHEETS - unauditedMarch
                                          31, 2007 and December 31, 2006Mar
                                          31,
                                        2007
                                      
                                      
                                      Dec
                                          31,
                                        2006ASSETSCURRENT
                                        ASSETSCash
                                      
                                      $
                                      507
                                      
                                      
                                      $
                                      29,142Total
                                          Current Assets
                                      
                                      
                                      507
                                      
                                      
                                      
                                      29,142FURNITURE
                                        AND EQUIPMENT - net of accumulated depreciation
                                      
                                      
                                      1,742
                                      
                                      
                                      
                                      2,521ACCOUNTS
                                        RECEIVABLE - AFFILIATE
                                      
                                      
                                      14,000
                                      
                                      
                                      
                                      -$
                                      16,249
                                      
                                      
                                      $
                                      31,663LIABILITIES
                                        AND STOCKHOLDERS' DEFICIENCYCURRENT
                                        LIABILITIESAccounts
                                          payable - affiliates
                                      
                                      
                                      -
                                      
                                      
                                      
                                      5,000Accounts
                                          payable - related parties
                                      
                                      
                                      2,700
                                      
                                      
                                      
                                      2,700Accounts
                                          payable
                                      
                                      
                                      68,866
                                      
                                      
                                      
                                      61,416Total
                                          Current Liabilities
                                      
                                      
                                      71,566
                                      
                                      
                                      
                                      69,116STOCKHOLDERS'
                                        DEFICIENCYPreferred
                                          stock100,000,000
                                          shares authorized, at $.001 par value -
                                          none issued
                                      
                                      
                                      -
                                      
                                      
                                      
                                      -Common
                                          Stock400,000,000
                                          shares authorized, at $.001 par value;
                                        78,475,140
                                          shares issued and outstanding
                                      
                                      
                                      78,475
                                      
                                      
                                      
                                      78,475Capital
                                          in excess of par value
                                      
                                      
                                      999,330
                                      
                                      
                                      
                                      999,330Deficit
                                          accumulated during the development stage
                                      
                                      
                                      (1,133,122
                                      )
                                      
                                      
                                      (1,115,258
                                      )Total
                                          Stockholders' Deficit
                                      
                                      
                                      (55,317
                                      )
                                      
                                      
                                      (37,453
                                      )$
                                      16,249
                                      
                                      
                                      $
                                      31,663








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






**OMEGA
                                            VENTURES GROUP, INC. AND SUBIDIARIES**(
                                            Development Stage Company )CONSOLIDATED
                                            STATEMENTS OF OPERATIONS - unauditedFor
                                            the Three Months Ended March 31, 2007
                                            and 2006 and the periodSeptember
                                            19, 2000 (Date of Inception) to March
                                            31, 2007Mar
                                            31,
                                          2007
                                        
                                        
                                        Mar
                                            31,
                                          2006
                                        
                                        
                                        Sept 19,
                                            2000
                                          to
                                            Mar 31, 2007REVENUES
                                        
                                        $
                                        -
                                        
                                        
                                        $
                                        -
                                        
                                        
                                        $
                                        823EXPENSESMarket
                                            development
                                        
                                        
                                        -
                                        
                                        
                                        
                                        -
                                        
                                        
                                        
                                        387,988Exploration
                                        
                                        
                                        -
                                        
                                        
                                        
                                        -
                                        
                                        
                                        
                                        41,584Development
                                            of web site - preliminary project stage
                                        
                                        
                                        -
                                        
                                        
                                        
                                        -
                                        
                                        
                                        
                                        25,000Depreciation
                                            & amortization
                                        
                                        
                                        779
                                        
                                        
                                        
                                        850
                                        
                                        
                                        
                                        19,696Administrative
                                        
                                        
                                        17,085
                                        
                                        
                                        
                                        6,955
                                        
                                        
                                        
                                        619,75217,864
                                        
                                        
                                        
                                        7,805
                                        
                                        
                                        
                                        1,094,020NET
                                          LOSS FROM OPERATIONS
                                        
                                        
                                        (17,864
                                        )
                                        
                                        
                                        (7,805
                                        )
                                        
                                        
                                        (1,093,197
                                        )OTHER
                                          INCOME AND EXPSENSESInterest
                                            income
                                        
                                        
                                        -
                                        
                                        
                                        
                                        16
                                        
                                        
                                        
                                        141Interest
                                            expense
                                        
                                        
                                        -
                                        
                                        
                                        
                                        -
                                        
                                        
                                        
                                        (18,242
                                        )Loss
                                            of assets
                                        
                                        
                                        -
                                        
                                        
                                        
                                        -
                                        
                                        
                                        
                                        (21,824
                                        )NET
                                          LOSS
                                        
                                        $
                                        (17,864
                                        )
                                        
                                        $
                                        (7,789
                                        )
                                        
                                        $
                                        (1,133,122
                                        )NET
                                          LOSS PER COMMON SHAREBasic
                                            and dilutive
                                        
                                        $
                                        -
                                        
                                        
                                        $
                                        -AVERAGE
                                            OUTSTANDING SHARES -
                                          (stated
                                            in 1,000's)Basic
                                        
                                        
                                        78,475
                                        
                                        
                                        
                                        49,340Diluted
                                        
                                        
                                        83,574
                                        
                                        
                                        
                                        54,439












The
          accompanying notes are an integral part of these financial
          statements.
 4








**OMEGA
                                                        VENTURES, GROUP, INC. AND
                                                        SUBSIDIARIES**(
                                                        Development Stage Company
                                                        )CONSOLIDATED
                                                        STATEMENTS OF CASH FLOWS
                                                        - unauditedFor
                                                        the Three Months Ended March
                                                        31, 2007 and 2006 and the
                                                        PeriodSeptember
                                                        19, 2000 (Date of Inception)
                                                        to March 31,
                                                        2007Mar
                                                        31,
                                                      2007
                                                    
                                                    
                                                    Mar
                                                        31,
                                                      2006
                                                    
                                                    
                                                    Sept
                                                        19, 2000
                                                      to
                                                        Mar 31,
                                                      2007CASH
                                                      FLOWS FROM OPERATING ACTIVITIESNet
                                                        loss
                                                    
                                                    $
                                                    (17,864
                                                    )
                                                    
                                                    $
                                                    (7,789
                                                    )
                                                    
                                                    $
                                                    (1,133,122
                                                    )Adjustments
                                                        to reconcile net loss to
                                                        net cash provided by operating
                                                        activitiesDepreciation
                                                        & amortization
                                                    
                                                    
                                                    779
                                                    
                                                    
                                                    
                                                    850
                                                    
                                                    
                                                    
                                                    19,696Change
                                                        in accounts payable
                                                    
                                                    
                                                    7,450
                                                    
                                                    
                                                    
                                                    6,955
                                                    
                                                    
                                                    
                                                    97,823Issuance
                                                        of capital stock for web
                                                        site
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    25,000Issuance
                                                        of capital stock for services
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    155,000Net
                                                        Change in Cash from Operations
                                                    
                                                    
                                                    (9,635
                                                    )
                                                    
                                                    
                                                    16
                                                    
                                                    
                                                    
                                                    (835,603
                                                    )CASH
                                                      FLOWS FROM INVESTING ACTIVITIESPurchase
                                                        of web site
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    (5,027
                                                    )Purchase
                                                        of equipment
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    (16,411
                                                    )-
                                                    
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    (21,438
                                                    )CASH
                                                      FLOW FROM FINANCING ACTIVITIESChanges
                                                        in payables - affiliates
                                                    
                                                    
                                                    (19,000
                                                    )
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    47,623Net
                                                        proceeds from issuance of
                                                        common stock
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    227,641
                                                    
                                                    
                                                    
                                                    809,925(19,000
                                                    )
                                                    
                                                    
                                                    227,641
                                                    
                                                    
                                                    
                                                    857,548Net
                                                      change in Cash
                                                    
                                                    
                                                    (28,635
                                                    )
                                                    
                                                    
                                                    227,657
                                                    
                                                    
                                                    
                                                    507Cash
                                                      at Beginning of Period
                                                    
                                                    
                                                    29,142
                                                    
                                                    
                                                    
                                                    25,615
                                                    
                                                    
                                                    
                                                    -Cash
                                                      at End of Period
                                                    
                                                    $
                                                    507
                                                    
                                                    
                                                    $
                                                    253,272
                                                    
                                                    
                                                    $
                                                    507NON
                                                      CASH FLOWS FROM OPERATING ACTIVITIESIssuance
                                                        of 6,000,000 common shares
                                                        for web site - 2000
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    $
                                                    25,000Issuance
                                                        of 2,175,000 common shares
                                                        for service - 2003
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    75,500Issuance
                                                        of 3,016,097 common shares
                                                        for services and expenses
                                                        -
                                                        2004
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    74,500Issuance
                                                        of 250,000 common share for
                                                        expenses - 2005
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    
                                                    5,000






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


**OMEGA
      VENTURES GROUP, INC. AND SUBSIDIARIES**


**(Development
      Stage Company)**


**NOTES
      TO FINANCIAL STATEMENTS**


**March
      31, 2007**








**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 preferred 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.







6


**OMEGA
      VENTURES GROUP, INC.  AND SUBSIDIARIES**


**(Development
      Stage Company)**


**NOTES
      TO FINANCIAL STATEMENTS (Continued)**


**September
      30, 2006**








**2.  SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES** - continued








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.





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
      March
      31, 2007, the Company and its subsidiaries had a net operating loss available
      for carry forward of  $1,133,122.  The income tax benefit of
      approximately $340,000 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 2028.





Capitalization
      of Oil Lease Costs





The
      Company uses the successful efforts cost method for recording its oil lease
      interests, which provided for capitalizing the purchase price of the project
      and
      the additional costs directly related to providing the properties and amortizing
      these amounts over the life of the reserve when operations begin or a shorter
      period if the property is shown to have an impairment in value or expensing
      the
      remaining balance if it is proven to be of no value.  All other costs
      are expensed as incurred.








7


**OMEGA
      VENTURES GROUP, INC.  AND SUBSIDIARIES**


**(Development
      Stage Company)**


**NOTES
      TO FINANCIAL STATEMENTS (Continued)**


**September
      30, 2006**








**2.  SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES** - continued








Environmental
      Requirements





At
      the
      report date environmental requirement related to the oil and gas leases acquired
      are unknown and therefore an estimate of any future costs





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)**


**September
      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
                  
                  $
                  16,411Less
                      accumulated depreciation
                  
                  
                  14,669Net
                  
                  
                  1,742





**3.  SIGNIFICANT
      TRANSACTIONS WITH RELATED PARTIES**





Officers-directors,
      and Apex Resources Group, Inc. (an affiliate by common officers) have acquired
      16% of the common stock issued.





Officer-directors
      have made no interest, demand loans to the Company of $2,700.





The
      Company has made a no interest demand loan to an affiliate of
      $14,000.





**4.  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 private placement common shares for
      $5,000.







9


**OMEGA
      VENTURES GROUP, INC.  AND SUBSIDIARIES**


**(Development
      Stage Company)**


**NOTES
      TO FINANCIAL STATEMENTS (Continued)**


**September
      30, 2006**








**4.  CAPITAL
      STOCK**- continued





During
      2006 the Company issued 22,764,089 private placement shares for $227,641 and
      6,371,454 restricted shares for payment of debt of $87,880.





**5.  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


**Item2.
      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 our Form 10-KSB Annual Report
      for the year ended December 31, 2006.





**General**





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





During
      2004 and 2005, we primarily
      focused our efforts into the acquisition of interests in oil and gas projects
      and real estate.  Because of limited funds, however, we have been
      unsuccessful in our efforts.  As a result of its limited funds, we
      engaged in very little operating activity during 2006 and the first quarter
      2007.





We
      have 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 March 31,
      2007.





*Arizona
      Land
      Corporation*





Due
      to a lack of funds, Arizona Land
      did not engage in any land acquisition activities during the quarter ended
      March
      31, 2007.





*Vogue
      Environmental Solutions,
      Inc.*





Due
      to a lack of funds, Vogue
      Environmental Solutions did not engage in active operations during the quarter
      ended March 31, 2007.





The
      Company is currently a “shell
      company” as defined in Rule 12b-2 of the Exchange act of
      1934.  However, we continue to explore opportunities in real estate,
      oil and gas exploration and new solutions to environmental issues.  We
      are not limiting our search strictly to these areas and management is constantly
      investigating potential business opportunities it believes can increase
      shareholder value.  At this time, we have not determined what
      opportunities may exist, if any, nor have we entered into or negotiated
      agreements with any parties to enter into or participate in any
      industry.





11


**Source
      of Funds**





Because
      we are not currently generating
      revenue, we are dependent upon loans from related parties and private sales
      of
      our securities to fund operations.





*Note
      5 of the notes to the
      unaudited consolidated financial statements*states that we will need
      additional capital to service our debts and fund our planned activities, which
      raises substantial doubt about our ability to continue as a going
      concern.  We have never generated revenue and it is unlikely we will
      generate revenue during 2007, which raises substantial doubt about our ability
      to continue as a going concern.  To continue operations, we will need
      to obtain funding from third parties.  This funding may be sought by
      means of private equity or debt financing.  We currently have 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 we will be successful in obtaining additional funding on
      attractive terms or at all.  If we are unsuccessful in obtaining
      additional funding we may be unable to continue operations as we have
      insufficient working capital necessary to meet our expenses and service our
      debt.





*Liquidity
      and Capital
      Resources*





We
      have financed our operations mainly
      through the sale of our common stock and through loans from related
      parties.  Since inception, we have been entirely dependent upon
      outside sources of financing for continuation of operations.  As
      stated previously, there is no assurance that we will be successful in obtaining
      additional funding on acceptable terms or at all.  As of March 31,
      2007 we had cash on hand of $507.  We do not have sufficient funds to
      maintain operations through fiscal 2007.  Therefore, unless we are
      able to raise additional funding through the sell of equity or debt securities,
      it is unclear how long we may be able to continue operations.





*Results
      of Operations*





During
      the period from inception,
      September 19, 2000, to March 31, 2007 we have generated no income from active
      operations.  Since inception, we have earned $823 in interest
      income.  We did not generate any interest income during the first
      quarter 2007 and we do not expect to generate any material revenues during
      the
      2007 fiscal year.





As
      of March 31, 2007 we had an
      accumulated deficit during development stage of $1,133,122 compared to an
      accumulated deficit of $1,115,258 at December 31, 2006.  This increase
      in accumulated deficit is the result of our incurring liabilities we have not
      had the funds to satisfy during the current year.





12


At
      March 31, 2007 the Company had total
      current liabilities of $71,566, compared to $69,116 on December 31,
      2006.  This increase in total current liabilities during the first
      quarter resulted from increases in accounts payable for services rendered to
      the
      Company.  Accounts payable to affiliates decreased $5,000 as we
      satisfied that obligation in full during the quarter.





During
      the quarter ended March 31, 2007
      we spent nothing in market development activities, the same as in the quarter
      ended March 31, 2006.  This is the result of our having very limited
      financial resources to fund our operations.  We do not anticipate
      engaging in market development activities until such time as we are able to
      raise substantial additional capital.





During
      the three months ended March 31,
      2007 we spent $17,085 in administrative expenses compared to $6,955 during
      the
      three months ended March 31, 2006. This significant increase in administrative
      expense is largely attributable to travel expenses incurred in connection with
      the relocation of our offices, the investigation of potential business
      opportunities and meeting with our accounting and legal professionals in
      connection with the preparation of our financial statements and reports to
      the
      Securities and Exchange Commission.  We anticipate quarter
      administrative expenses will remain fairly consistent with what we incurred
      during the three months ended March 31, 2007 throughout the remainder of 2007
      unless we are able to secure significant additional funding.





During
      the quarters ended March 31,
      2007 and 2006 we spent nothing in exploration. This again was the result of
      the
      limited funding available to the Company during those quarters.  We do
      not plan to engage in exploration activities in the future until such time
      as we
      have adequate funding to do so.





During
      the quarter ended March 31, 2007
      we realized a loss from operations of $17,864 and a net loss of $17,864 compared
      to a loss from operations of $7,805 and a net loss of $7,789 during the quarter
      ended March 31, 2006.  This increase in loss from operations and net
      loss is largely the result of costs incurred in relocating our offices and
      in
      seeking new business opportunities during the first quarter 2007.





**Item3.****Controls
      and
      Procedures**





*Evaluation
      of Disclosure Controls and Procedures*





Our
      principal executive officer 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 our disclosure controls and procedures are effective to ensure
      that
      information required to be disclosed by us in this report is accumulated and
      communicated to management, including the Certifying Officers as appropriate,
      to
      allow timely decisions regarding required disclosure.  Based on this
      evaluation, our Certifying Officers have concluded that our disclosure controls
      and procedures are effective as of March 31, 2007.





13


*Changes
      in Internal Control over Financial Reporting*





There
      were no changes in our internal controls over financial reporting during the
      quarter ended March 31, 2007 that materially affected, or are reasonably likely
      to materially affect, our internal control over financial
      reporting.





**PARTII
      - OTHER INFORMATION**





**Item6.  Exhibits**





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




Exhibit
                      No.
                  
                  Exhibit31.1
                  
                  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.









14


**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.**






May
                15, 2007
            By:
            /s/ John
              M. HickeyJohn
              M. HickeyPrincipal
              Executive Officer







May
                15, 2007
            By:
            /s/ John
              Ray RaskJohn
              Ray RaskPrincipal
              Financial Officer