U.S. 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:  June 30, 2006

                                  OR

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

                  COMMISSION FILE NUMBER:  333-83125

                     FIRST GROWTH INVESTORS, INC.
        (Exact name of registrant as specified in its charter)


           NEVADA                                     87-0569467
     (State or other jurisdiction                 (I.R.S. Employer
     of incorporation or organization)            Identification No.)

           2508 South 1300 East, Salt Lake City, Utah 84106
               (Address of principal executive offices)

                            (801) 466-7808
         (Registrant's telephone number, including area code)



     (Former name, former address and former fiscal year, if changed since
last report)

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 report(s), 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 [  ]

The number of $.001 par value common shares outstanding at June 30, 2006:
2,000,000

<PAGE>

                   FORWARD-LOOKING STATEMENT NOTICE

     When used in this report, the words "may," "will," "expect,"
"anticipate,""continue," "estimate," "project," "intend," and similar
expressions are intended to identify forward-looking statements regarding
events, conditions, and financial trends that may affect the Company's future
plans of operations, business strategy, operating results, and financial
position. Persons reviewing this report are cautioned that any forward-looking
statements are not guarantees of future performance and are subject to risks
and uncertainties and that actual results may differ materially from those
included within the forward-looking statements as a result of various factors.
Such factors include general economic factors and conditions that may directly
or indirectly impact the Company's financial condition or results of
operations.



                    PART I - FINANCIAL INFORMATION


ITEM 1.   FINANCIAL STATEMENTS

     See attached.

<PAGE>











                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

                 UNAUDITED CONDENSED FINANCIAL STATEMENTS

                               JUNE 30, 2006























<PAGE>

                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]




                                 CONTENTS

                                                              PAGE

        -  Unaudited Condensed Balance Sheet,
            June 30, 2006                                       2


        -  Unaudited Condensed Statements of Operations,
             for the three and six months ended June 30,
             2006 and 2005 and from inception on September 9,
             1997 through June 30, 2006                       3 - 4


        -  Unaudited Condensed Statements of Cash Flows,
             for the six months ended June 30, 2006 and 2005
             and from inception on September 9,
             1997 through June 30, 2006                         5


        -  Notes to Unaudited Condensed Financial Statements  6 - 7



<PAGE>


                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

                     UNAUDITED CONDENSED BALANCE SHEET


                                  ASSETS

                                                        June 30,
                                                          2006
                                                      ___________
CURRENT ASSETS:
  Cash                                                 $        -
                                                      ___________
        Total Current Assets                                    -
                                                      ___________
                                                       $        -
                                                      ___________

              LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


CURRENT LIABILITIES:
  Accounts payable                                     $    1,285
  Accounts payable - related party                     $      525
  Advance from related party                                4,335
  Accrued interest - related party                            104
                                                      ___________
        Total Current Liabilities                           6,249
                                                      ___________

STOCKHOLDERS' EQUITY (DEFICIT):
  Preferred stock, $.001 par value,
   1,000,000 shares authorized,
   no shares issued and outstanding                             -
  Common stock, $.001 par value,
   24,000,000 shares authorized,
   2,000,000 shares issued and
   outstanding                                              2,000
  Capital in excess of par value                           80,972
  Deficit accumulated during the
    development stage                                    (89,221)
                                                      ___________
        Total Stockholders' Equity (Deficit)              (6,249)
                                                      ___________
                                                      $        -
                                                      ___________








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

                                    -2-
<PAGE>

                    FIRST GROWTH INVESTORS, INC.
                     [A Development Stage Company]

         UNAUDITED CONDENSED STATEMENTS OF OPERATIONS


                         For the Three         For the Six         From
                          Months Ended        Months Ended     Inception on
                            June 30,            June 30,        September 9,
                         _______________    ______________     1997 Through
                          2006      2005     2006     2005     June 30,2006
                        ________  _______  _______  ________   _________
REVENUE                 $      -  $     -  $     -  $     -    $       -

EXPENSES:
 General and
 administrative             1,860    2,505    5,100     4,151      25,970
                          ________  _______  _______  ________   _________


LOSS BEFORE OTHER
iNCOME (EXPENSE)           (1,860)  (2,505)  (5,100)   (4,151)    (25,970)

OTHER INCOME (EXPENSE):
  Interest Expense            (83)     (60)    (104)      (60)     (7,995)
                          ________  _______  _______  ________   _________


LOSS BEFORE INCOME TAXES   (1,943)  (2,565)  (5,204)   (4,211)    (33,965)

CURRENT TAX EXPENSE            -        -        -         -           -

DEFERRED TAX EXPENSE           -        -        -         -           -
                          ________  _______  _______  ________   _________


LOSS FROM CONTINUING
  OPERATIONS               (1,943)  (2,565)  (5,204)   (4,211)    (33,965)
                          ________  _______  _______  ________   _________

DISCONTINUED OPERATIONS:
 Loss from operations
  of discontinued
  wine investment
  business (net of
  $0 in income taxes)          -        -          -        -      (54,506)
Gain (loss) on
  disposal of
  discontinued wine
  investment business
  operations (net of
  $0 in income taxes           -        -         -         -             -
                        ________  ________  ________  ________    _________

LOSS FROM DISCONTINUED
  OPERATIONS                   -        -         -         -      (54,506)
                        ________  ________  ________  ________    _________
CUMULATIVE EFFECT OF
 CHANGE IN
 ACCOUNTING PRINCIPLE         -         -         -         -         (750)
                        ________  ________  ________  ________    _________

NET (LOSS)              $(1,943)  $(2,565)  $(5,204)  $(4,211)    $(89,221)
                        ________  ________  ________  ________    _________

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

                                    -3-
<PAGE>

                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

               UNAUDITED CONDENSED STATEMENTS OF OPERATIONS

                                [CONTINUED]



                                  For the Three             For the Six
                                  Months Ended             Months Ended
                                    June 30,                 June 30,
                       ____________________________   ______________________
                             2006           2005         2006        2005
                       ______________   ____________    ________  __________

LOSS PER COMMON SHARE
 Continuing operations    $    (.00)    $   (.00)    $   (.00)    $    (.00)
 Discontinued operations          -            -            -           -
 Gain (loss) on disposal
  of discontinued
  operations                      -            -            -           -
 Cumulative effect of
  change in accounting
  principle                        -            -            -           -
                          __________    __________   __________   __________

Net Loss Per
  Common Share            $   (.00)     $  (.00)     $   (.00)    $    (.00)
                          __________    __________   __________   __________

































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

                                     -4-
<PAGE>

                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

               UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

                                                                 From
                                         For the Six Months   Inception on
                                           Ended June 30,     September 9,
                                          __________________  1997 Through
                                            2006      2005      June 30,
                                                                 2006
                                       ___________  _________  _________
Cash Flows from Operating Activities:
 Net loss                               $ (5,204)  $ (4,2114) $  (89,221)

 Adjustments to reconcile net
   loss to net cash used by
   operating activities:
  Amortization expense                         -           -         250
  Effect of change in accounting principle     -           -         750
  Changes in assets and liabilities:
   Increase in accrued interest
     - related party                         104          60       6,812
   (Decrease) Increase in accounts payable   240      (1,035)      1,285
   Increase in accounts payable              525           -         525
     - related party

                                          ________  __________  ___________
        Net Cash (Used) by
         Operating Activities             (4,335)     (5,186)    (79,599)
                                          ________  __________  ___________

Cash Flows from Investing Activities:
 Payment of organization costs                 -           -      (1,000)
                                          ________  __________  ___________
        Net Cash (Used) by
         Investing Activities                  -           -      (1,000)
                                          ________  __________  ___________
Cash Flows from Financing Activities:
 Proceeds from advances from related party 4,335       3,783      31,237
 Proceeds from common stock issuance           -           -      55,050
 Stock offering costs                          -           -      (5,688)
 Proceeds from short-term loan and advance     -           -      27,350
 Payments on short-term loan and advance       -           -     (27,350)
                                          ________  __________  ___________
     Net Cash Provided by
      Financing Activities                 4,335       3,783      80,599
                                          ________  __________  ___________
Net Increase (Decrease) in Cash                -      (1,403)          -

Cash at Beginning of Period                    -       1,403           -
                                          ________  __________  ___________

Cash at End of Period                     $    -    $      -    $      -
                                          ________  __________  ___________

Supplemental Disclosures of Cash Flow Information:
  Cash paid during the periods for:
    Interest                              $    -    $      -    $    994
    Income taxes                          $    -    $      -    $  1,905

Supplemental Schedule of Non-cash Investing and Financing Activities:
  For the six months ended June 30, 2006:
     None

  For the six months ended June 30, 2005:
     None


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

                                  -5-
<PAGE>

                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

             NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  Organization  - First Growth Investors, Inc. ("the Company") was  organized
  under  the  laws of the State of Nevada on September 9, 1997.  The  Company
  buys  and  sells  investments in wine and champagne.  The Company  has  not
  generated  significant  revenues  and is  considered  a  development  stage
  company  as defined in Statement of Financial Accounting Standards  No.  7.
  The  Company  has,  at  the present time, not paid any  dividends  and  any
  dividends  that  may be paid in the future will depend upon  the  financial
  requirements of the Company and other relevant factors.

  Condensed Financial Statements - The accompanying financial statements have
  been  prepared by the Company without audit.  In the opinion of management,
  all adjustments (which include only normal recurring adjustments) necessary
  to  present fairly the financial position, results of operations  and  cash
  flows  at  June 30, 2006 and 2005 and for the periods then ended have  been
  made.

  Certain information and footnote disclosures normally included in financial
  statements  prepared  in  accordance with accounting  principles  generally
  accepted  in  the United States of America have been condensed or  omitted.
  It  is  suggested  that  these condensed financial statements  be  read  in
  conjunction with the financial statements and notes thereto included in the
  Company's  December 31, 2005 audited financial statements.  The results  of
  operations for the periods ended June 30, 2006 and 2005 are not necessarily
  indicative of the operating results for the full year.

NOTE 2 - GOING CONCERN

  The accompanying financial statements have been prepared in conformity with
  accounting  principles generally accepted in the United States of  America,
  which contemplate continuation of the Company as a going concern.  However,
  the  Company  has  incurred  losses since inception  and  has  no  on-going
  operations.   Further,  the Company has current liabilities  in  excess  of
  current assets.  These factors raise substantial doubt about the ability of
  the Company to continue as a going concern.  In this regard, management  is
  proposing  to  raise  any  necessary  additional  funds  not  provided   by
  operations  through loans or through additional sales of its common  stock.
  There  is no assurance that the Company will be successful in raising  this
  additional  capital or in achieving profitable operations.   The  financial
  statements  do  not  include any adjustments that  might  result  from  the
  outcome of these uncertainties.

                                   -6-
<PAGE>

                       FIRST GROWTH INVESTORS, INC.
                       [A Development Stage Company]

             NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


NOTE 3 - RELATED PARTY TRANSACTIONS

  Advances from Related Party - At June 30, 2006 a shareholder of the Company
  had  loaned  a  total of $4,335 to the Company.  The advances  are  due  on
  demand and bear interest at 10% per annum. Accrued interest expense at June
  30, 2006 amounted to $104.

  Legal  Services - An entity owned by an officer/shareholder of the  Company
  provided legal services for the Company.  Legal fees to the entity for  the
  six  months ended June 30, 2006 amounted to $1,675.  At June 30,  2006  the
  Company owed a total of $525 to the Officer/Shareholder.


NOTE 4 - LOSS PER SHARE

  The  following data show the amounts used in computing loss per  share  for
  the periods presented:
                        For the Three           For the Six
                        Months Ended           Months Ended
                           June 30,              June 30,
                    ___________________________________________
                        2006        2005       2006       2005
                    __________  ___________  _________  _______
Income (loss)
from continuing
operations
(numerator)          $ (1,943)   $ (2,565)   $ (5,204)   $ (4,211)

Income (loss)
from discontinued
operations
(numerator)                -          -          -              -

Income (loss)
from cumulative
effect of change
in accounting
principle                  -          -          -              -
                    _________  __________  __________  ____________
Income (loss)
available to
common Shareholders
(numerator)         $  (1,943)  $  (2,565)   $ (5,204)   $ (4,211)

                    __________  __________  __________  ___________
Weighted average
number of common
 Shares outstanding
used in loss per
share for the period
(denominator)        2,000,000  2,000,000   2,000,000   2,000,000
                    __________  _________  ___________  __________

  Dilutive  loss  per share was not presented, as the Company had  no  common
  equivalent  shares  for  all  periods  presented  that  would  affect   the
  computation of diluted loss per share.

                                     -7-

<PAGE>

ITEM 2:  MANAGEMENT'S DISCUSSION & ANALYSIS OR PLAN OF OPERATIONS

     First Growth Investors, Inc. (the "Company") was incorporated under the
laws of the State of Nevada on September 9, 1997.  In connection with the
organization, the founders contributed $5,050 cash to initially capitalize
First Growth Investors in exchange for 1,750,000 shares of common stock.  On
October 15, 1997, First Growth Investors commenced a public offering of up to
250,000 shares of its common stock, in reliance upon Rule 504 of Regulation D,
promulgated by the U.S. Securities & Exchange Commission (the "Commission")
under the Securities Act of 1933.  The offering closed in November, 1997.  The
Company sold 250,000 shares of common stock, at $.20 per share, and raised
gross proceeds of $50,000 increasing the total issued and outstanding common
stock to 2,000,000 shares.  The Company then registered a public offering of
its securities.  First Growth Investors declared a distribution of 1,000,000
common stock purchase warrants to shareholders of record as of September 30,
1999.  The Company filed with the Securities and Exchange Commission a
registration statement on Form SB-2, Commission File No. 333-83125, which
became effective October 8, 1999.  The Company then became subject to the
information requirements of the Securities Exchange Act of 1934. Accordingly,
the Company files Annual, Quarterly and other reports and information with the
Commission. Pursuant to the registration statement, the Company then
distributed 1,000,000 warrants.  The warrants were exercisable at $1.00 per
share, on or before June 30, 2002. The warrants have now expired, and no
securities were ever sold pursuant to the offering.

PLAN OF OPERATIONS.

     First Growth Investors was formed to engage in the business of wine
investing. Because this business was not successful, operations were
discontinued as of December 31, 2003. The Company had no operations or revenue
during the last two fiscal years. Due to this, the Company realized a net
loss. The Company does not expect to generate any meaningful revenue or incur
operating expenses, except for administrative, legal, professional, accounting
and auditing costs associated with the filing requirements of a public
reporting company, unless and until it acquires an interest in an operating
company.  The Company does not have sufficient cash to meet its operational
needs for the next twelve months. Management's plan of operation for the next
twelve months is to attempt to raise additional capital through loans from
related parties, debt financing, equity financing or a combination of
financing options. Currently, there are no understandings, commitments or
agreements for such an infusion of capital and no assurances to that effect.
Unless the Company can obtain additional financing, its ability to continue as
a going concern during the next twelve-month period is doubtful. The Company's
need for capital may change dramatically if and during that period, it
acquires an interest in a business opportunity.  The Company's current
operating plan is to (i) handle the administrative and reporting requirements
of a public company, and (ii) search for potential businesses, products,
technologies and companies for acquisition without regard to any specific
business or industry. At present, the Company has no understandings,
commitments or agreements with respect to the acquisition of any business
venture, and there can be no assurance that the Company will identify a
business venture suitable for acquisition in the future. Further, there can be
no assurance that the Company would be successful in consummating any
acquisition on favorable terms or that it will be able to profitably manage
any business venture it acquires.

<PAGE>

     There is no written agreement with respect to any potential business
acquisition. If any suitable potential business acquisition is located and
completed, it will in all likelihood involve a change in management and
shareholder control of the company.

     At December 31, 2005, indebtedness of the Company to certain
shareholders in the amount of $6,937 was forgiven and contributed to capital.

ITEM 3. CONTROLS AND PROCEDURES.

     The issuer's principal executive officer or officers and principal
financial officer or officers, or persons performing similar functions, are
responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and
internal control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the issuer and have:

     designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under their supervision,  to
ensure that material information relating to the issuer, including its
consolidated subsidiaries, is made known to them by others within those
entities, particularly during the period in which the periodic reports are
being prepared;

     designed such internal control over financial reporting, or caused such
internal control over financial reporting to be designed under their
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;

     evaluated the effectiveness of the issuer's disclosure controls and
procedures as of the end of the fiscal quarter (the "Evaluation Date").

     Based on their evaluation as of the Evaluation Date, their conclusions
about the effectiveness of the disclosure controls and procedures were that
nothing indicated:

     any significant deficiencies in the design or operation of internal
controls which could adversely affect the issuer's ability to record, process,
summarize and report financial data;

     any fraud, whether or not material, that involves management or other
employees who have a significant role in the issuer's internal controls; or

     any material weaknesses in internal controls that have been or should be
identified for the issuer's auditors and disclosed to the issuer's auditors
and the audit committee of the board of directors (or persons fulfilling the
equivalent function).

     Changes in internal control over financial reporting. There was no
significant change in the issuer's internal control over financial reporting
that occurred during the most recent fiscal quarter that has materially
affected, or is reasonably likely to materially affect, the issuer's internal
control over financial reporting.


<PAGE>

                     PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

     The Company is not a party to any material pending legal proceedings. No
such action is contemplated by the Company nor, to the best of its knowledge,
has any action been threatened against the Company.

ITEM 2.  SALES OF UNREGISTERED EQUITY SECURITIES AND USE OF PROCEEDS

     (a)  During the period covered by this report, there were no equity
          securities of the issuer, sold by the issuer, that were not
          registered under the Securities Act.

     (b)  During the period covered by this report, there were no securities
          that the issuer sold by registering the securities under the
          Securities Act.

     (c)  During the period covered by this report, there was no repurchase
          made of equity securities registered pursuant to section 12 of the
          Exchange Act. None of the issuer's securities is registered
          pursuant to section 12 of the Exchange Act

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

     There has not been any material default in the payment of principal,
interest, a sinking or purchase fund installment, or any other material
default not cured within 30 days, with respect to any indebtedness of the
issuer exceeding 5 percent of the total assets of the issuer.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     No matter has been submitted to a vote of security holders during the
period covered by this report, through the solicitation of proxies or
otherwise.

ITEM 5.  OTHER INFORMATION

     None.

ITEM 6.  EXHIBITS.

     Exhibit Index - Exhibits required by Item 601 of Regulation S-B.

     (31) Certifications required by Rules 13a-14(a) or 15d-14(a).

     (32) Section 1350 Certifications


<PAGE>

                              SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                   FIRST GROWTH INVESTORS, INC.



Date: August 10, 2006              by:      /s/ Pam Jowett
                                   Pam Jowett, President & Director