**SECURITIES        AND EXCHANGE COMMISSION**

**Washington,        D.C. 20549**

**FORM        10QSB**

| [X] | QUARTERLY                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                  ACT OF                  1934 |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

**000-27233**

**JUPITER        GLOBAL HOLDINGS, CORP.**

| **          NEVADA          ** | **     98-0204736     ** |
|------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------|
| (State                  or other jurisdiction of incorporation or organization)                                                    | (I.R.S.                  Employer Identification Number)                   |

| **62                  W. 8****th****Avenue, 4****th****Floor****Vancouver,                  British Columbia, Canada** |  **     V5Y                  1M7     ** |
|------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------|
| (Address                  of principal executive offices)                                                              | (Zip                  Code)                                                                    |

**(604)        682-6541**

| Class                            | Outstanding                  as of March 31, 2005 |
|-------------------------------------------------|---------------------------------------------------|
| $0.0001                  par value Common Stock | 219,909,772                                       |

**PART            1 - FINANCIAL INFORMATION**

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

**JUPITER      GLOBAL HOLDINGS CORP.**

**(Formerly      Livestar Entertainment Group Inc.)**

**INTERIM      CONSOLIDATED FINANCIAL STATEMENTS**

**MARCH      31, 2005**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

**JUPITER      GLOBAL HOLDINGS CORP.**

**(Formerly      Livestar Entertainment Group Inc.)**

**INTERIM      CONSOLIDATED BALANCE SHEETS**

**(Stated      in U.S. Dollars)**

|                                                                                                                                                      |   | **MARCH                31** |   | DECEMBER                31 |         |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|--------|----------------------------|--------------|
|                                                                                                                                                      |   | **2005**                    |   | 2004                       |         |
|                                                                                                                                                           |   |                             |   |                            |         |
| **ASSETS**                                                                                                                                                |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
| **Current**                                                                                                                                               |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
| Cash                                                                                                                                                      |   |                        |   |                       | **$**        | **-** |   |   |   |   | $ | 8,240 |   |
| Goods                and Services Tax recoverable                                                                                                         |   |                        |   |                       |         | **6,700** |   |   |   |   |   | 3,757 |   |
| Prepaid                expense, advances and others                                                                                                       |   |                        |   |                       |         | **874,562** |   |   |   |   |   | 8,496 |   |
|                                                                                                                                                      |   |                        |   |                       |              |   |   |   |   |  |   |
|                                                                                                                                                      |   |                        |   |                       |         | **881,262** |   |   |   |   |   | 20,493 |   |
| **Investments                (Note 5)**                                                                                                                   |   |                        |   |                       |         | **420,000** |   |   |   |   |   | - |   |
| **Capital                Assets**                                                                                                                    |   |                        |   |                       |         | **3,114** |   |   |   |   |   | 5,972 |   |
|                                                                                                                                                      |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
|                                                                                                                                                      |   |                        |   |                       | **$**        | **1,304,376** |   |   |   |   | $ | 26,465 |   |
|                                                                                                                                                      |   |                        |   |                       |    |     |   |   |   |   |    |    |   |
| **LIABILITIES**                                                                                                                                           |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
| **Current**                                                                                                                                               |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
| Bank                Indebtedness                                                                                                                          |   |                        |   |                       | **$**        | **1,253** |   |   |   |   | $ | - |   |
| Accounts                payable and accrued liabilities                                                                                                   |   |                        |   |                       |         | **2,356,055** |   |   |   |   |   | 2,306,523 |   |
| Loans                and advances payable (Note 4)                                                                                                        |   |                        |   |                       |         | **1,211,898** |   |   |   |   |   | 738,581 |   |
|                                                                                                                                                      |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
|                                                                                                                                                      |   |                        |   |                       |         | **3,569,206** |   |   |   |   |   | 3,045,104 |   |
|                                                                                                                                                      |   |                        |   |                       |              |   |   |   |   |  |   |
| **STOCKHOLDERS’                DEFICIENCY**                                                                                                         |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
|                                                                                                                                                      |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
| **Share                Capital**                                                                                                                          |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
| Authorized:                                                                                                                                               |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
| 10,000,000,000                common shares, par value $0.0001 per share                                                                                  |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
| 200,000,000                preferred shares, par value $0.0001 per share                                                                                  |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
|                                                                                                                                                      |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
| Issued                and outstanding:                                                                                                                    |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
| 219,909,772                common shares at March 31, 2005 and 27,569,926 at December 31,                2004                                             |   |                        |   |                       |         | **21,991** |   |   |   |   |   | 2,757 |   |
| 80,060,000                series B preferred shares and 1 Series A preferred share at March                31,                2005, and December 31, 2004 |   |                        |   |                       |         | **8,006** |   |   |   |   |   | 8,006 |   |
|                                                                                                                                                      |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
| Additional                paid-in capital                                                                                                                 |   |                        |   |                       |         | **7,159,177** |   |   |   |   |   | **5,818,445** |   |
|                                                                                                                                                      |   |                        |   |                       |         |   |   |   |   |   |   |   |   |
| **Deficit**                                                                                                                                               |   |                        |   |                       |         | **(9,454,004** | **)** |   |   |   |   | **(8,847,847** | **)** |
|                                                                                                                                                      |   |                        |   |                       |         | **(2,264,830** | **)** |   |   |   |   | **(3,018,639** | **)** |
|                                                                                                                                                      |   |                        |   |                       |              |   |   |   |   |  |   |
|                                                                                                                                                      |   |                        |   |                       | **$**        | **1,304,376** |   |   |   |   | **$** | **26,465** |   |
|                                                                                                                                                           |   |                        |   |                       |              |   |   |   |   |  |   |

**JUPITER      GLOBAL HOLDINGS CORP.**

**(Formerly      Livestar Entertainment Group Inc.)**

**INTERIM      CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

|                                                                                                   |   |                                  |   |   |   |
|--------------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------|--------|--------|
|                                                                                                   |   |                                  |   |   |   |
|                                                                                                   |   | **THREE                MONTHS ENDED** |   |
|                                                                                                   |   | **MARCH                31**           |   |
|                                                                                                   |   | **2005**                              |   | 2004   |   |
|                                                                                                   |   |                                       |   |        |   |
| **Revenue**                                                                                            |   |                                  |   |   | **$**  | **55** |   |   |   |   | $ | 58,100 |   |
|                                                                                                   |   |                                       |   |        |   |  |   |  |   |
| **Expenses**                                                                                           |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Administrative                services                                                                 |   |                                  |   |   |   | **8,402** |   |   |   |   |   | 1,056 |   |
| Amortization                                                                                           |   |                                  |   |   |   | **2,858** |   |   |   |   |   | 589 |   |
| Consulting                                                                                             |   |                                  |   |   |   | **204,240** |   |   |   |   |   | 104,440 |   |
| Equipment                leases                                                                        |   |                                  |   |   |   | **-** |   |   |   |   |   | 9,401 |   |
| Foreign                exchange gain                                                                   |   |                                  |   |   |   | **(4,584** | **)** |   |   |   |   | - |   |
| Investor                relations                                                                      |   |                                  |   |   |   | **9,348** |   |   |   |   |   | - |   |
| Marketing                                                                                              |   |                                  |   |   |   | **1,550** |   |   |   |   |   | 7,300 |   |
| Media                design                                                                            |   |                                  |   |   |   | **-** |   |   |   |   |   | 1,171 |   |
| Office,                rent and sundry                                                                 |   |                                  |   |   |   | **112,466** |   |   |   |   |   | 28,809 |   |
| Professional                fees                                                                       |   |                                  |   |   |   | **57,830** |   |   |   |   |   | 37,077 |   |
| Travel                                                                                                 |   |                                  |   |   |   | **16,995** |   |   |   |   |   | 23,593 |   |
| Wages                and benefits                                                                      |   |                                  |   |   |   | **197,107** |   |   |   |   |   | 117,959 |   |
|                                                                                                   |   |                                  |   |   |   | **606,212** |   |   |   |   |   | 331,395 |   |
|                                                                                                   |   |                                       |   |        |   |  |   |  |   |
| **Loss                Before The Following**                                                           |   |                                  |   |   |   | **(606,157** | **)** |   |   |   |   | (273,295 | ) |
|                                                                                                   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| **Minority                Interest In Loss Of Subsidiary**                                             |   |                                  |   |   |   | **(437** | **)** |   |   |   |   | **-** |   |
| **Losses                in Excess of Equity in Subsidiary**                                            |   |                                  |   |   |   | **437** |   |   |   |   |   | **-** |   |
|                                                                                                   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                   |   |                                  |   |   |        |   |  |   |  |   |
| **Net                Loss For The Period**                                                             |   |                                  |   |   | **$**  | **(606,157** | **)** |   |   |   | $ | (273,295 | ) |
|                                                                                                        |   |                                       |   |        |   |  |   |  |   |
| **Net                Loss Per Share Before Discontinued Operations**,                Basic and diluted |   |                                  |   |   | **$**  | **(0.01** | **)** |   |   |   | $ | (2,135.12 | ) |
|                                                                                                        |   |                                       |   |        |   |  |   |  |   |
| **Net                Loss Per Share**,                Basic and diluted                                |   |                                  |   |   | **$**  | **(0.01** | **)** |   |   |   | $ | (2,135.12 | ) |
|                                                                                                        |   |                                       |   |        |   |  |   |  |   |
| **Weighted                Average Number Of Common Shares Outstanding**                                |   |                                  |   |   |   | **137,862,804** |   |   |   |   |   | 128 |   |
|                                                                                                        |   |                                       |   |        |   |  |   |  |   |

**JUPITER      GLOBAL HOLDINGS CORP.**

**(Formerly      Livestar Entertainment Group Inc.)**

**INTERIM      CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

|                                                                                                                                  |   | **THREE                MONTHS ENDED** |   |
|---------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------|
|                                                                                                                                  |   | **MARCH                31**           |   |
|                                                                                                                                  |   | **2005**                              |   | 2004 |   |
|                                                                                                                                       |   |                                       |   |  |   |
| **Cash                Flows From Operating Activities**                                                                               |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Loss                for the year from continuing operations                                                                           |   |                                  |   |   | **$** | **(606,157** | **)** |   |   |   | $ | (273,295 | ) |
|                                                                                                                                  |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| **Adjustments                To Reconcile Net Loss To Net Cash Used By Operating                Activities**                          |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Amortization                                                                                                                          |   |                                  |   |   |   | **2,858** |   |   |   |   |   | 589 |   |
| Stock                based compensation                                                                                               |   |                                  |   |   |   | **169,800** |   |   |   |   |   | 44,778 |   |
| Shares                issued for expenses                                                                                             |   |                                  |   |   |   | **30,905** |   |   |   |   |   | - |   |
| Beneficial                conversion feature of convertible notes recorded as interest expense                (note                5) |   |                                  |   |   |   | **81,250** |   |   |   |   |   | - |   |
| Accounts                receivable                                                                                                    |   |                                  |   |   |   | **-** |   |   |   |   |   | (4,580 | ) |
| Goods                and Services Tax recoverable                                                                                     |   |                                  |   |   |   | **(2,943** | **)** |   |   |   |   | (1,266 | ) |
| Prepaid                Expense, advances and others                                                                                   |   |                                  |   |   |   | **(17,666** | **)** |   |   |   |   | (6,939 | ) |
| Notes                receivable                                                                                                       |   |                                  |   |   |   |   |   |   |   |   |   | - |   |
| Accounts                payable and accrued liabilities                                                                               |   |                                  |   |   |   | **168,253** |   |   |   |   |   | 26,068 |   |
|                                                                                                                                  |   |                                  |   |   |   | **(173,700** | **)** |   |   |   |   | (214,645 | ) |
|                                                                                                                                  |   |                                  |   |   |  |   |  |   |  |   |
| **Cash                Flows From Investing Activities**                                                                               |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Purchase                of capital assets                                                                                             |   |                                  |   |   |   | - |   |   |   |   |   | (367 | ) |
| Advances                receivable                                                                                                    |   |                                  |   |   |   | - |   |   |   |   |   | (117,979 | ) |
|                                                                                                                                  |   |                                  |   |   |   |  **-** |   |   |   |   |   | (118,346 | ) |
|                                                                                                                                  |   |                                  |   |   |  |   |  |   |  |   |
| **Cash                Flows From Financing Activities**                                                                               |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Loans                and advances payable                                                                                             |   |                                  |   |   |   | **57,217** |   |   |   |   |   | 89,654 |   |
| Shares                issued for cash                                                                                                 |   |                                  |   |   |   | **106,990** |   |   |   |   |   | 267,521 |   |
|                                                                                                                                  |   |                                  |   |   |   | **164,207** |   |   |   |   |   | 357,175 |   |
|                                                                                                                                  |   |                                  |   |   |  |   |  |   |  |   |
| **(Decrease)                Increase In Cash**                                                                                        |   |                                  |   |   |   | **(9,493** | **)** |   |   |   |   | 24,184 |   |
|                                                                                                                                  |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| **Cash,                Beginning Of Period**                                                                                          |   |                                  |   |   |   | **8,240** |   |   |   |   |   | 14,892 |   |
|                                                                                                                                  |   |                                  |   |   |  |   |  |   |  |   |
|                                                                                                                                  |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| **(Bank                Indebtedness) Cash, End Of Period**                                                                            |   |                                  |   |   | **$** | **(1,253** | **)** |   |   |   | $ | 39,076 |   |
|                                                                                                                                       |   |                                  |   |   |  |   |  |   |  |   |
| **Supplemental                Disclosure of Non Cash Financing and Investing                Activities**                              |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Debt                issued for acquisition of investments                                                                             |   |                                  |   |   | **$** | **420,000** |   |   |   |   | $ | - |   |
| Shares                issued for debt                                                                                                 |   |                                  |   |   |   | **118,721** |   |   |   |   |   | - |   |
| Shares                issued for deposit towards acquisition of investments                                                           |   |                                  |   |   |   | **840,000** |   |   |   |   |   | - |   |
|                                                                                                                                  |   |                                  |   |   |   |    |   |   |   |   |   |    |   |
| **Supplemental                Disclosure of Cash Flow Information**                                                                   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Interest                Paid                                                                                                          |   |                                  |   |   | **$** | **-** |   |   |   |   | $ | - |   |
| Income                Taxes Paid                                                                                                      |   |                                  |   |   |   | - |   |   |   |   |   | - |   |
|                                                                                                                                  |   |                                  |   |   |   |    |   |   |   |   |   |    |   |

**JUPITER      GLOBAL HOLDINGS CORP.**

**(Formerly      Livestar Entertainment Group Inc.)**

**NOTES      TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**MARCH      31, 2005**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

| **1.** | **BASIS                OF PRESENTATION** |
|--------|------------------------------------------|

| **2.** | **STOCK                OPTIONS AND WARRANTS                OUTSTANDING** |
|--------|--------------------------------------------------------------------------|

| **NUMBER****OF                SHARES** |   | **PRICE****PER                SHARE** |   | **EXPIRY****DATE** |
|----------------------------------------|--------|---------------------------------------|--------|--------------------|
|                                        |   |                                       |   |                    |
| 1,235,000                              |   | $                                     | 0.009  |               | November                20, 2014 |
| 23,104,600                             |   | $                                     | 0.011  |               | November                29, 2014 |
| 12,000,000                             |   | $                                     | 0.029  |               | February                17, 2015 |
|                                        |   |                                  |   |               |   |
| 36,339,600                             |   |                                  |   |               |   |
|                                        |   |                                  |   |               |   |

**JUPITER      GLOBAL HOLDINGS CORP.**

**(Formerly      Livestar Entertainment Group Inc.)**

**NOTES      TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**MARCH      31, 2005**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

| **2.** | **STOCK                OPTIONS AND WARRANTS OUTSTANDING                (CONT.)** |
|--------|----------------------------------------------------------------------------------|

|                                      |   |  **NUMBER****OF****OPTIONS** |        | **GRANT                DATE****WEIGHTED****AVERAGE****EXERCISE                PRICE** |   |
|-------------------------------------------|--------|-----------------------------------|-------------|---------------------------------------------------------------------------------------|--------|
|                                      |   |                                   |        |                                                                                       |   |
| Balance,                December 31, 2002 |   |                              | 14          |                                                                                  |   |   |   | $ | 320,000 |   |
|                                      |   |                              |        |                                                                                  |   |   |   |   |   |   |
| Granted                                   |   |                              | 34          |                                                                                  |   |   |   |   | 14,209 |   |
| Exercised                                 |   |                              | (31         | )                                                                                     |   |   |   |   | (14,697 | ) |
| Expired                / Cancelled        |   |                              | (10         | )                                                                                     |   |   |   |   | (368,000 | ) |
|                                      |   |                                   |        |                                                                                  |   |   |  |   |
| Balance,                December 31, 2003 |   |                              | 7           |                                                                                  |   |   |   |   | 126,215 |   |
|                                      |   |                              |        |                                                                                  |   |   |   |   |   |   |
| Granted                                   |   |                              | 51,076,534  |                                                                                  |   |   |   |   | 0.08 |   |
| Exercised                                 |   |                              | (12,356,802 | )                                                                                     |   |   |   |   | (0.23 | ) |
| Expired                / Cancelled        |   |                              | (1,060,137  | )                                                                                     |   |   |   |   | (0.62 | ) |
|                                      |   |                                   |        |                                                                                  |   |   |  |   |
| Balance,                December 31, 2004 |   |                              | 37,659,602  |                                                                                  |   |   |   | $ | 0.02 |   |
|                                      |   |                              |        |                                                                                  |   |   |   |   |   |   |
| Granted                                   |   |                              | 12,000,000  |                                                                                  |   |   |   |   | 0.03 |   |
| Exercised                                 |   |                              | (13,320,000 | )                                                                                     |   |   |   |   | 0.01 |   |
| Expired                / Cancelled        |   |                              | (2          | )                                                                                     |   |   |   |   | 200,000 |   |
|                                      |   |                                   |        |                                                                                  |   |   |  |   |
| Balance,                March 31, 2005    |   |                              | 36,339,600  |                                                                                  |   |   |   |   | 0.01 |   |
|                                      |   |                                   |        |                                                                                  |   |   |  |   |

**JUPITER      GLOBAL HOLDINGS CORP.**

**(Formerly      Livestar Entertainment Group Inc.)**

**NOTES      TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**MARCH      31, 2005**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

| **2.** | **STOCK                OPTIONS AND WARRANTS OUTSTANDING                (CONT.)** |
|--------|----------------------------------------------------------------------------------|

| **NUMBER****OF                SHARES** |   | **PRICE****PER                SHARE** |      | **EXPIRY                DATE** |   |
|----------------------------------------|--------|---------------------------------------|-----------|--------------------------------|--------|
|                                        |   |                                       |      |                                |   |
| 1                                      |   | $                                     | 20,000    |                           |   | May                28, 2006 |   |
| 2                                      |   | $                                     | 50,000    |                           |   | July                15, 2005 |   |
| 2                                      |   | $                                     | 100,000   |                           |   | July                15, 2005 |   |
| 2                                      |   | $                                     | 120,000   |                           |   | May                28, 2005 |   |
| 2                                      |   | $                                     | 400,000   |                           |   | April                30, 2005 |   |
| 1                                      |   | $                                     | 400,000   |                           |   | May                16, 2005 |   |
| 1                                      |   | $                                     | 800,000   |                           |   | May                16, 2005 |   |
| 1                                      |   | $                                     | 1,000,000 |                           |   | May                16, 2005 |   |
| 1                                      |   | $                                     | 1,500,000 |                           |   | May                16, 2005 |   |
| 2                                      |   | $                                     | 6,000,000 |                           |   | September                17, 2006 |   |
|                                        |   |                                  |      |                           |   |   |   |
| 15                                     |   |                                  |      |                           |   |   |   |
|                                        |   |                                  |      |                           |   |   |   |

|                                      |   |  **NUMBER****OF****SHARES** |         | **WEIGHTED****AVERAGE****EXERCISE****PRICE** |   |
|-------------------------------------------|--------|----------------------------------|--------------|----------------------------------------------|--------|
|                                      |   |                                  |         |                                              |   |
| Balance,                December 31, 2001 |   |                             | 24           |                                         |   |   |   | $ | 1,208,333 |   |
|                                      |   |                             |         |                                         |   |   |   |   |   |   |
| Granted                                   |   |                             | 20           |                                         |   |   |   |   | 488,000 |   |
| Exercised                                 |   |                             | (2           | )                                            |   |   |   |   | (400,000 | ) |
| Cancelled                                 |   |                             | (1           | )                                            |   |   |   |   | (120,000 | ) |
|                                      |   |                                  |         |                                         |   |   |   |   |   |
| Balance,                December 31, 2002 |   |                             | 41           |                                         |   |   |   |   | 922,927 |   |
|                                      |   |                             |    |                                         |   |   |   |   |   |   |

**JUPITER      GLOBAL HOLDINGS CORP.**

**(Formerly      Livestar Entertainment Group Inc.)**

**NOTES      TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**MARCH      31, 2005**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

| **2.** | **STOCK                OPTIONS AND WARRANTS OUTSTANDING                (CONT.)** |
|--------|----------------------------------------------------------------------------------|

| Balance,                December 31, 2002 |   |   | 41     |   |   | 922,927   |   |
|-------------------------------------------|--------|--------|--------|--------|--------|-----------|--------|
|                                      |   |   |   |   |   |      |   |
| Granted                                   |   |   | 1      |   |   | 20,000    |   |
|                                      |   |        |   |   |   |      |
| Balance,                December 31, 2003 |   |   | 42     |   |   | 901,429   |   |
|                                      |   |   |   |   |   |      |   |
| Cancelled                                 |   |   | (20    | )      |   | (810,000  | )      |
|                                      |   |        |   |   |   |      |
| Balance,                December 31, 2004 |   |   | 22     |   | $      | 984,545   |   |
|                                      |   |   |   |   |   |      |   |
| Cancelled                                 |   |   | (7     | )      |   | 657,143   |   |
|                                      |   |        |   |   |   |      |
| Balance,                March 31, 2005    |   |   | 15     |   | $      | 1,137,333 |   |
|                                      |   |        |   |   |   |      |

**3.**
**STOCK      BASED COMPENSATION**

**JUPITER      GLOBAL HOLDINGS CORP.**

**(Formerly      Livestar Entertainment Group Inc.)**

**NOTES      TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**MARCH      31, 2005**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

**3.**
**STOCK      BASED COMPENSATION (CONT.)**

|                                                                                                      |   | **2005** |   | 2004   |   |
|-----------------------------------------------------------------------------------------------------------|--------|----------|--------|--------|--------|
|                                                                                                      |   |          |   |        |   |
| Net                loss, as reported                                                                      |   |     |   |   | **$**  | **(606,157** | **)** |   |   |   | $ | (273,295 | ) |
|                                                                                                      |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Add:                Stock based compensation expense included in net loss, as                reported     |   |     |   |   |   | **198,545** |   |   |   |   |   | 44,778 |   |
|                                                                                                      |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Deduct:                Stock based compensation expense determined under fair value                method |   |     |   |   |   | **(276,949** | **)** |   |   |   |   | (106,516 | ) |
|                                                                                                      |   |     |   |   |        |   |   |   |   |  |   |
| Net                loss, pro-forma                                                                        |   |     |   |   | **$**  | **(684,561** | **)** |   |   |   | $ | (335,033 | ) |
|                                                                                                      |   |     |   |   |        |   |   |   |   |  |   |
| Net                loss per share (basic and diluted), as reported                                        |   |     |   |   | **$**  | **(0.01** | **)** |   |   |   | $ | (2,135.12 | ) |
|                                                                                                      |   |     |   |   |        |   |   |   |   |  |   |
| Net                loss per share (basic and diluted), pro-forma                                          |   |     |   |   | **$**  | **(0.01** | **)** |   |   |   | $ | (2,617.45 | ) |
|                                                                                                      |   |     |   |   |        |   |   |   |   |  |   |

**4.**
**LOANS      AND ADVANCES PAYABLE**

|                                                |   | **2005** |   | 2004   |   |
|-----------------------------------------------------|--------|----------|--------|--------|--------|
|                                                |   |          |   |        |   |
| Convertible                Loans & Advances     |   |     |   |   |   |   |   |   |   |   |   |   |   |
| -                past due                           |   |     |   |   | **$**  | **340,718** |   |   |   |   | $ | 285,788 |   |
| -                due within one year                |   |     |   |   |   | **275,264** |   |   |   |   |   | 226,576 |   |
|                                                |   |     |   |   |        |   |  |   |  |   |
| Non                Convertible Loans & Advances |   |     |   |   |   | **595,916** |   |   |   |   |   | 226,217 |   |
|                                                |   |     |   |   |        |   |  |   |  |   |
| Total                Loans & Advances Payable   |   |     |   |   | **$**  | **1,211,898** |   |   |   |   | $ | 738,581 |   |
|                                                |   |     |   |   |        |   |  |   |  |   |

**JUPITER      GLOBAL HOLDINGS CORP.**

**(Formerly      Livestar Entertainment Group Inc.)**

**NOTES      TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**MARCH      31, 2005**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

**4.**
**LOANS      AND ADVANCES PAYABLE (CONT.)**

|   | a) | Of                the Loans and Advances that are not convertible into Common Stock,                additional details have been listed                below: |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                      |   | **2005**   |   | 2004   |   |
|---------------------------------------------------------------------------|--------|------------|--------|--------|--------|
|                                                                      |   | **AMOUNT** |   | AMOUNT |   |
|                                                                      |   |            |   |        |   |
| Bears                no interest                                          |   |       |   |   | **$**  | **452,079** |   |   |   |   | $ | 81,385 |   |
| Bears                no interest, with Loan fee of $10,500                |   |       |   |   |   | **65,500** |   |   |   |   |   | 65,500 |   |
| Bears                an interest rate of 10% and with loan fees of $6,000 |   |       |   |   |   | **60,000** |   |   |   |   |   | 62,000 |   |
| Accrued                Loan Fees on Convertible Debt                      |   |       |   |   |   | **11,919** |   |   |   |   |   | 13,100 |   |
| Accrued                Interest to be paid on Convertible Debt            |   |       |   |   |   | **6,418** |   |   |   |   |   | 4,232 |   |
|                                                                      |   |       |   |   |        |   |   |   |   |  |   |
| Total                Loan & Advances Payable - non convertible        |   |       |   |   | **$**  | **595,916** |   |   |   |   | $ | 226,217 |   |
|                                                                      |   |       |   |   |        |   |   |   |   |  |   |

|   | b) | All                of the Loans and Advances convertible into Common Stock are convertible                only at the option of the holder. Additional details are listed                below: |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                 |   | **2005**   |   | 2004   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------|--------|--------|--------|
|                                                                                                                                                                                                 |   | **AMOUNT** |   | AMOUNT |   |
|                                                                                                                                                                                                 |   |            |   |        |   |
| Convertible                at a rate to be agreed between the Company and the holder within                48 hrs of                holder’s request for conversion, bears interest rate of 5% |   |       |   |   | **$**  | **102,000** |   |   |   |   | $ | 102,000 |   |
| Convertible                at a rate to be agreed between the Company and the holder within                48 hrs of                request for conversion, bears no interest rate                   |   |       |   |   |   | **122,688** |   |   |   |   |   | 114,500 |   |
| Convertible                at a rate to be mutually agreed between the Company and the holder,                bears                no interest rate                                                  |   |       |   |   |   | **10,076** |   |   |   |   |   | 10,076 |   |
| Convertible                at $0.02 per share, bears no interest                                                                                                                                     |   |       |   |   |   | **1,843** |   |   |   |   |   | 1,855 |   |
| Convertible                at $0.12 per share, bears no interest                                                                                                                                     |   |       |   |   |   | **12,401** |   |   |   |   |   | 12,479 |   |
| Convertible                after June 30, 2006 at $0.02 per share, bears no interest                                                                                                                 |   |       |   |   |   | **156,818** |   |   |   |   |   | 160,796 |   |
| Convertible                after June 30, 2006 at $0.05 per share, bears no interest                                                                                                                 |   |       |   |   |   | **110,156** |   |   |   |   |   | 110,658 |   |
| Convertible                at Feb 16, 2005 at $0.016 per share, bears 8% interest                                                                                                                    |   |       |   |   |   | **100,000** |   |   |   |   |   | - |   |
|                                                                                                                                                                                                 |   |       |   |   |        |   |   |   |   |  |   |
| Convertible                loans and advances                                                                                                                                                        |   |       |   |   | **$**  | **615,982** |   |   |   |   | $ | 512,364 |   |
|                                                                                                                                                                                                 |   |       |   |   |        |   |   |   |   |  |   |

**JUPITER        GLOBAL HOLDINGS CORP.**

**(Formerly        Livestar Entertainment Group Inc.)**

**NOTES        TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**MARCH        31, 2005**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

|   |          b) | $338,016                of the convertible loans and advances are due to related parties. |
|--------|----------------------------------------------------------|-------------------------------------------------------------------------------------------|

**5.**
**INVESTMENTS**

|                      | b) Pursuant                to the Joint Venture agreement dated December 28, 2004 between the                Company                and an unrelated company Global Bancorp Inc (“Global”), the Company is                committed to acquire 800 shares of VOXBOX Telecom Inc. (“VOXBOX”), a                Nevada incorporated company for cash consideration of $40,000. In                addition, the Company agreed to purchase an additional 8,400 shares                of                VOXBOX for $420,000 cash over a twelve-month period beginning upon                the                establishment of VOXBOX. Pursuant to this agreement, in February                2005, the                Company issued a $420,000 Promissory Note to VOXBOX Telecom for the                delivery of 8,400 shares. In May 2005, the Company completed the                purchase                of 800 shares of VOXBOX as agreed. |
|--------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**JUPITER        GLOBAL HOLDINGS CORP.**

**(Formerly        Livestar Entertainment Group Inc.)**

**NOTES        TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**MARCH        31, 2005**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

**6.**
**RELATED      PARTY TRANSACTIONS**

|    | a)                Included in accounts payable at March 31, 2005 is $536,753 (December                31,                2004 - $523,203) owing to directors or companies controlled by                directors. |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b) Included                in loans and advances payable at March 31, 2005 is $338,016 (December                31,                2004 - $351,289) owing to directors or companies controlled by                directors. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | c)                During the period ended March 31, 2005, the Company incurred $52,500                (March 31, 2004 - $Nil) in consulting and business development expenses                with directors. |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | d)                    During the period ended March 31, 2005, the Company incurred                    $12,710                    (March 31, 2004 - $Nil) in administration, office, and equipment                    rental                    expenses with a company controlled by a                    director. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**7.          SUBSEQUENT EVENT**

|   |   | a)                      Subsequent to March 31, 2005, the Company granted stock options                      to                      employees to acquire up to 2,180,000,000 shares of common stock                      at various                      exercise prices between $0.0003 and $0.025 per share. Of the                      stock options                      granted 160,000,000 have been cancelled, and 1,180,703,175                      have been                      exercised providing proceeds to the Company of                      $577,378. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Item        2.**
**Management's        Discussion and Analysis or Plan of Operations**

**Forward        Looking Statements**

**RESULTS        OF OPERATIONS **

**Liquidity        and Financial Condition As Of March 31, 2005 **

**PART        II - OTHER INFORMATION**

**Item        1.**
**Legal        Proceedings **

**Item        2.**
**Changes        in Securities**

**Recent        Sales of Unregistered Securities**

**Item        3. Defaults upon Senior Securities**

**Item        4. Submission of Matters to a Vote of Security Holders**

**Item        5. Other Information**

**Item        6. Exhibits**

**Exhibits**

|   | 31.1 | Certification                  by CEO pursuant to 18 U.S.C. Section 1350, as adopted pursuant                  to Section                  302 of the Sarbanes-Oxley Act of 2002. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.2 | Certification                  by CFO pursuant to 18 U.S.C. Section 1350, as adopted pursuant                  to Section                  302 of the Sarbanes-Oxley Act of 2002. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification                  by CEO pursuant to 18 U.S.C. Section 1350, as adopted pursuant                  to Section                  906 of the Sarbanes-Oxley Act of 2002. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.2 | Certification                  by CFO pursuant to 18 U.S.C. Section 1350, as adopted pursuant                  to Section                  906 of the Sarbanes-Oxley Act of                  2002. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**SIGNATURES**

**JUPITER        Global Holdings, Corp.**