**UNITED
      STATES SECURITIES AND EXCHANGE COMMISSION**


**Washington,
      D. C. 20549**


**FORM
      10-QSB**





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




For
                  the quarterly period ended:
              September
                  30, 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
                  [  ]




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





As
      of
      November 9, 2007, the Company had 78,489,875 shares of its $.001 par value,
      common stock outstanding.




Transitional
              Small Business Disclosure Format:
            Yes
                [  ] No [X]















INDEXPage
                  NumberPART
                I.ITEM
                1.
              Financial
                Statements (unaudited)Consolidated
                  Balance Sheets
                as
                  of September 30, 2007 and December 31, 2006
              
              3Consolidated
                  Statements of Operations
                Three
                  and Nine Months Ended September 30, 2007 and
                  2006
                and
                  the Period September 19, 2000 (Date of Inception)to
                  September 30, 2007
              
              4Consolidated
                  Statements of Cash Flows
                Nine
                  Months Ended September 30, 2007 and 2006
                and
                  the PeriodSeptember
                  19, 2000 (Date of Inception) to September 30, 2007
              
              5Notes
                to Consolidated Financial Statements
              
              6ITEM
                2.
              Plan
                of Operations
              
              10ITEM
                3.
              Controls
                and Procedures
              
              13PART
                IIITEM
                6.
              Exhibits
              
              14Signatures
              
              15









2


**PART
      I - FINANCIAL INFORMATION**


**Item
      1. Financial Statements**


**OMEGA
                  VENTURES GROUP, INC. AND SUBSIDIARIES**(Development
                  Stage Company)CONSOLIDATED
                  BALANCE SHEETSSeptember
                  30, 2007Sept.
                  30, 2007
              
              
              Dec.
                  31, 2006**CURRENT
                  ASSETS**Cash
              
              $
              -
              
              
              $
              29,142Total
                  Current Assets
              
              
              -
              
              
              
              29,142**PROPERTY
                  AND EQUIPMENT**-
                  net of accumulated depreciation
              
              
              184
              
              
              
              2,521**Other
                  Assets**Other
                  Asset - Due from related parties
              
              
              3,300
              
              
              
              -**Total
                  Assets**
              
              $
              3,484
              
              
              $
              31,663**LIABILITIES
                  AND STOCKHOLDERS' DEFICIT****CURRENT
                  LIABILITIES**Accounts
                  payable - affiliates
              
              
              -
              
              
              
              5,000Accounts
                  payable - related parties
              
              
              10,700
              
              
              
              2,700Accounts
                  Payable
              
              
              79,543
              
              
              
              61,416Total
                  Current Liabilities
              
              
              90,243
              
              
              
              69,116**STOCKHOLDERS'
                  DEFICIENCY**Common
                  Stock
                400,000,000
                  shares authorized, at $.001 par value; 78,475,140 issued and
                  outstanding
              
              
              78,475
              
              
              
              78,475Capital
                  in excess of par value
              
              
              999,330
              
              
              
              999,330Deficit
                  accumulated during the development stage
              
              
              (1,164,564
              )
              
              
              (1,115,258
              )Total
                  Stockholders' Deficit
              
              
              (86,759
              )
              
              
              (37,453
              )**TOTAL
                  LIABILITIES AND STOCKHOLDERS' DEFICIT**
              
              $
              3,484
              
              
              $
              31,663


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




**OMEGA
                  VENTURES GROUP, INC. AND SUBSIDIARIES**(Development
                  Stage Company)CONSOLIDATED
                  STATEMENTS OF OPERATIONSSeptember
                  30, 20073
                  months ended Sept. 30,
              
              
              9
                  months ended Sept. 30,
              
              
              Sept
                  19, 2000
                (date
                  of inception)2007
              
              
              2006
              
              
              2007
              
              
              2006
              
              
              to
                  Sept. 30, 2007**REVENUES**Other
                  non-operating income
              
              $
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              823**EXPENSES**Market
                  Development
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              387,988Exploration
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              41,584Development
                  of web site - preliminary project stage
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              25,000Depreciation
                  & amortization
              
              
              779
              
              
              
              850
              
              
              
              2,337
              
              
              
              2,550
              
              
              
              21,254Administrative
              
              
              21,160
              
              
              
              38,005
              
              
              
              46,969
              
              
              
              126,341
              
              
              
              649,636Total
                  operating expenses
              
              
              21,939
              
              
              
              38,855
              
              
              
              49,306
              
              
              
              128,891
              
              
              
              1,125,462**NET
                LOSS****FROM
                OPERATIONS**
              
              
              (21,939
              )
              
              
              (38,855
              )
              
              
              (49,306
              )
              
              
              (128,891
              )
              
              
              (1,124,639
              )**OTHER
                INCOME****AND
                EXPENSES**Interest
                Income
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              141Interest
                expense
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (18,242
              )Loss
                of assets
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (21,824
              )**NET
                  LOSS**
              
              $
              (21,939
              )
              
              $
              (38,855
              )
              
              $
              (49,306
              )
              
              $
              (128,891
              )
              
              $
              (1,164,564
              )**NET
                  LOSS PER COMMON SHARE**Basic
                and dilutive
              
              $
              (0.00
              )
              
              $
              (0.00
              )
              
              $
              (0.00
              )
              
              $
              (0.00
              )**AVERAGE
                  OUTSTANDING SHARES**(stated in 1,000's)**Basic**
              
              
              78,475
              
              
              
              72,102
              
              
              
              78,475
              
              
              
              60,722**Diluted**
              
              
              83,574
              
              
              
              77,203
              
              
              
              83,574
              
              
              
              65,821
   The
              accompanying notes are an integral part of these consolidated financial
              statements.
 4


**OMEGA
                  VENTURES GROUP, INC. AND SUBSIDIARIES**(Development
                  Stage Company)CONSOLIDATED
                  STATEMENTS OF
                  CASH FLOWSSeptember
                  30, 20079
                  months ended Sept. 30,
              
              
              Sept.
                  19, 2000 (date of inception)2007
              
              
              2006
              
              
              to
                  Sept. 30, 2007**Cash
                  flows from operating activities:**Net
                  (loss)
              
              $
              (49,306
              )
              
              $
              (128,891
              )
              
              $
              (1,164,564
              )Adjustments
                  to reconcile net loss to cash used in operatingactivities:Depreciation
              
              
              2,337
              
              
              
              2,550
              
              
              
              21,254Change
                  in accounts payable
              
              
              18,127
              
              
              
              (9,523
              )
              
              
              108,500Issuance
                  of capital stock for web site
              
              
              -
              
              
              
              -
              
              
              
              25,000Issuance
                  of capital stock for services
              
              
              -
              
              
              
              -
              
              
              
              155,000Net
                  cash used in operating activities
              
              $
              (28,842
              )
              
              $
              (135,864
              )
              
              $
              (854,810
              )**Cash
                  flows from investing activities:**Purchase
                  of web site
              
              $
              -
              
              
              $
              -
              
              
              $
              (5,027
              )Purchase
                  of equipment
              
              
              -
              
              
              
              (2,177
              )
              
              
              (16,411
              )Net
                  cash provided by investing activities
              
              
              -
              
              
              
              (2,177
              )
              
              
              (21,438
              )**Cash
                  flows from financing activities:**Changes
                  in payables - related parties
              
              $
              3,000
              
              
              $
              (82,380
              )
              
              $
              69,623Changes
                  in accrued rent - Apex
              
              
              (3,300
              )
              
              
              
              
              
              
              (3,300
              )Net
                  proceeds from issuance of common stock
              
              
              -
              
              
              
              227,641
              
              
              
              809,925Net
                  cash provided by financing activities
              
              $
              (300
              )
              
              $
              145,261
              
              
              $
              876,248**Net
                  increase (decrease) in cash and cash equivalents**
              
              
              (29,142
              )
              
              
              7,220
              
              
              
              -**Cash
                  and cash equivalents, beginning of period**
              
              
              29,142
              
              
              
              25,615
              
              
              
              -**Cash
                  and cash equivalents, end of period**
              
              $
              -
              
              
              $
              32,835
              
              
              $
              -**NON-CASH
                  FLOWS FROM OPERATION ACTIVITIES**Issuance
                  of 6,000,000 common shares for web site - 2000
              
              
              
              
              
              
              $
              25,000Issuance
                  of 2,175,000 common shares for services - 2003
              
              
              
              
              
              
              $
              75,500Issuance
                  of 3,016,097 common shares for services and expenses -
                  2004
              
              
              
              
              
              
              $
              74,500Issuance
                  of 250,000 common shares for expenses - 2005
              
              
              
              
              
              
              $
              5,000











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




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


**(Development
      Stage Company)**


**NOTES
      TO CONSOLIDATED FINANCIAL STATEMENTS**


**September
      30, 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 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
      incomes (loss) per share amounts are computed based on the weighted average
      number of shares 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 anti-dilutive and then
      only
      the basic per share amounts are shown in the report.





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








6




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


**(Development
      Stage Company)**


**NOTES
        TO CONSOLIDATED FINANCIAL STATEMENTS**


**September
      30, 2007**











**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
      basis 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
      September 30, 2007, the Company and its subsidiaries had a net operating loss
      available for carry forward of $1,167,864.  The income tax benefit of
      approximately $350,000 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 provides for capitalizing the purchase price of the project
      and
      the additional costs directly related to proving 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.





Environmental
      Requirements





At
      the  report  date  environmental  requirements  related
      to the oil and gas leases acquired  are
      unknown  and  therefore an estimate of  any
      future  cost cannot be made.





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.


7




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


**(Development
      Stage Company)**


****NOTES
      TO CONSOLIDATED FINANCIAL STATEMENTS**
      (Continued)**


**September
      30, 2007**











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





Financial
      and Concentration Risks





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
      inter-company transactions have been eliminated.





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
            
            
            16,227Net
            
            $
            184











8





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


**(Development
      Stage Company)**


****NOTES
      TO CONSOLIDATED FINANCIAL STATEMENTS**
      (Continued)**


**September
      30, 2007**














**3.  SIGNIFICANT
      TRANSACTIONS WITH RELATED PARTIES**





Officers-directors,
      and Apex Resources, 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 $10,700.





**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.  All
      warrants have expired with out being redeemed as of September 30,
      2007.





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.





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.














9


**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 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 our 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 small interests in oil and gas
      prospects and real estate.  Because of limited funds, however, we were
      unsuccessful in our efforts.  As a result of our limited funds, we
      engaged in very little operating activity during 2006 and the first half of
      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 has
      not acquired interests in any oil and gas prospects during the three or nine
      months ended September 30, 2007.





*Arizona
      Land
      Corporation*





Due
      to a lack of funds, Arizona Land
      did not engage in any land acquisition activities during the three or nine
      month
      periods ended September 30, 2007.





*Vogue
      Environmental Solutions,
      Inc.*





Due
      to a lack of funds, Vogue
      Environmental Solutions did not engage in active operations during the three
      or
      nine month periods ended September 30, 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,
      the acquisition of small interests in oil and gas prospects 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.





10


**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 operational
      activities.  This 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 also 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
      as
      a going concern 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 to fund 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 September 30,
      2007 we had no cash or cash equivalents on hand.  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, or we obtain additional loans
      from related parties, it is unclear how long we may be able to continue
      operations.





*Results
      of Operations*





During
      the period from inception,
      September 19, 2000 to September 30, 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 nine
      months of 2007 and we do not expect to generate any material revenues during
      the
      remainder of the 2007 fiscal year.





As
      of September 30, 2007 we had an
      accumulated deficit during development stage of $1,164,564 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.





11


At
      September 30, 2007 we had total
      current liabilities of $90,243, compared to $69,116 on December 31,
      2006.  This increase in total current liabilities during the nine
      months ended September 30, 2007 resulted from increases in accounts payable
      to
      related parties and accounts payable.





During
      the three and nine months ended
      September 30, 2007 we spent nothing in market development, exploration or
      website development activities the same as in the three and nine months ended
      September 30, 2006.  This is the result of our having very limited
      financial resources to fund our operations.  We do not anticipate
      engaging in market development, exploration or website development activities
      until such time as we are able to raise substantial additional
      capital.





During
      the three months and nine months
      ended September 30, 2007 we spent $21,160 and $46,969, respectively for
      administrative expenses compared to $38,005 and $126,341, respectively during
      the three and nine months ended September 30, 2006. These decreases in
      administrative expense during 2007 are largely attributable to our limited
      operations as a result of the minimal funds we have available for
      operations.  We anticipate administrative expenses will remain fairly
      consistent throughout the remainder of the 2007 fiscal year.





During
      the three and nine months ended
      September 30, 2007 we realized net losses of $21,939 and $49,306, respectively
      compared to net losses of $38,855 and $128,891 during the three and nine months
      ended September 30, 2006.  Again, the decrease in net loss is largely
      attributable to the reduction in our activities as a result of the limited
      funding we have had available to us during the first nine months of
      2007.





*Cash
      Flows*





During
      the nine months ended September 30, 2007 what cash we had was primarily used
      to
      fund operating expenses. See below for additional discussion and analysis of
      cash flow.




Nine
                months ended
              September
                30, 2007
            
            
            Nine
                months ended
              September
                30, 2006Net
                cash used in operating activities
            
            $
            (28,842
            )
            
            $
            (135,864
            )Net
                cash (used in) investing activities
            
            $
            -
            
            
            $
            (2,177
            )Net
                cash provided by (used in)financing
                activities
            
            $
            (300
            )
            
            $
            145,261NET
                INCREASE (DECREASE) INCASH
                AND CASH EQUIVALENTS
            
            **$**
            **(29,142**
            **)**
            
            **$**
            **7,220**




Net
      cash used in operating activities
      decreased from $135,864 during the nine months ended September 30, 2006 to
      $28,842 during the nine months ended September 30, 2007.  This
      decrease in cash used in operating activities was largely the result the
      decrease in net loss during 2007 as a result of our limited operations during
      the nine months ended September 30, 2007.





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During
      the nine months ended
      September 30, 2007 net cash used in investing activities was $0 compared to
      $2,177 during the nine months ended September 30, 2006.  During 2006
      we purchased some equipment.  We had no comparable purchases during
      2007.





During
      the nine months ended September
      30, 2007 net cash used in financing activities was $300.  By
      comparison, during the nine months ended September 30, 2007 net cash provided
      by
      financing activities was $145,261, as we raised $228,000 through the sale of
      our
      common stock, partially offset by changes in payables to related parties of
      approximately $82,000.





**Summary
      of Material Contractual Commitments**





We
      lease office space for $2,200 per month on a month-to-month basis.  We
      allow a related party to utilize half of the space in exchange for $1,100 a
      month.





**Off-Balance
      Sheet Financing
      Arrangements**





As
      of September 30, 2007, we had no
      off-balance sheet financing arrangements.





**Item
      3.   Controls and
      Procedures**





*Evaluation
      of Disclosure Controls and Procedures*





We
      maintain disclosure controls and procedures, as such term is defined in Rules
      13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as
      amended (the “Exchange Act”), that are designed to provide reasonable assurance
      that information required to be disclosed by us in the reports that we file
      or
      submit under the Exchange Act is recorded, processed, summarized and reported
      within the time periods specified in the SEC rules and forms, and that such
      information is accumulated and communicated to our management, including our
      principal executive officer and principal financial officer, as appropriate,
      to
      allow timely decisions regarding required financial
      disclosures.  Because of inherent limitations, our disclosure controls
      and procedures, no matter how well designed and operated, can provide only
      reasonable, and not absolute, assurance that the objectives of such disclosure
      controls and procedures are met.





As
      of the
      end of the period covered by this Report we conducted an evaluation, under
      the
      supervision and with the participation of our management, including our
      principal executive officer and principal financial officer, of the
      effectiveness of the design and operation of our disclosure controls and
      procedures pursuant to Exchange Act Rules 13a-15(b) and 15d-15(b).
      Based on this evaluation, our principal executive officer and principal
      financial officer concluded that our disclosure controls and procedures were
      effective as of September 30, 2007.





*Changes
      in Internal Control over Financial Reporting*





There
      were no changes in our internal control over financial reporting during the
      quarter ended September 30, 2007 that materially affected, or are reasonably
      likely to materially affect, our internal control over financial
      reporting.








13


**PART
      II- OTHER INFORMATION**





**Item
      6.  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 200231.2
            
            Certification
              of Principal Financial Officer pursuant to Section 302 of the
              Sarbanes-Oxley Act of 2002.32.1
            
            Certification
              of Princpal 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.**Date:
                November
                14, 2007
            By:
            /s/
              John M.
              HickeyJohn
              M. Hickey, Principal
              Executive OfficerDate:
              November 14,
              2007
            By:
            /s/
 John
              Ray RaskJohn
              Ray Rask, Principal Financial Officer











15