**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 |
|-----|--------------------------------------------------------------------------------------------------------------------------------------|

| [                  ] | TRANSITION                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 June 30, 2005 |
|-----------------------------------------------|------------------------------------------------|
| $0.0001                par value Common Stock | 856,372,406                                    |

**PART      1 - FINANCIAL INFORMATION**

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

**JUPITER        GLOBAL HOLDINGS CORP.**

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

**INTERIM        CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE        30, 2005**

**(Unaudited)**

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

----

**JUPITER        GLOBAL HOLDINGS CORP.**

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

**INTERIM        CONSOLIDATED BALANCE SHEET**
**S**

**(Unaudited)**

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

|                                                                                                                                                           |   | **JUNE                  30** |   | DECEMBER                  31 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|--------|------------------------------|--------|
|                                                                                                                                                           |   | **2005**                     |   | 2004                         |   |
|                                                                                                                                                           |   |                              |   |                              |   |
| **ASSETS**                                                                                                                                                     |   |                         |   |                         |   |   |   |   |   |   |   |   |   |
| **Current**                                                                                                                                                    |   |                         |   |                         |   |   |   |   |   |   |   |   |   |
| Cash                                                                                                                                                           |   |                         |   |                         | **$**  | **31,753** |   |   |   |   | $ | 8,240 |   |
| Goods                  and Services Tax recoverable                                                                                                            |   |                         |   |                         |   | **11,470** |   |   |   |   |   | 3,757 |   |
| Prepaid                  expense, advances and other                                                                                                           |   |                         |   |                         |   | **17,285** |   |   |   |   |   | 8,496 |   |
|                                                                                                                                                           |   |                         |   |                         |        |   |   |   |   |  |   |
|                                                                                                                                                           |   |                         |   |                         |   | **60,508** |   |   |   |   |   | 20,493 |   |
|                                                                                                                                                           |   |                         |   |                         |   |   |   |   |   |   |   |   |   |
| **Investments                  (Note 5)**                                                                                                                      |   |                         |   |                         |   | **638,000** |   |   |   |   |   | - |   |
| **Capital                  Assets**                                                                                                                       |   |                         |   |                         |   | **2,694** |   |   |   |   |   | 5,972 |   |
|                                                                                                                                                           |   |                         |   |                         |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                           |   |                         |   |                         | **$**  | **701,202** |   |   |   |   | $ | 26,465 |   |
|                                                                                                                                                           |   |                         |   |                         |   |    |   |   |   |   |   |    |   |
| **LIABILITIES**                                                                                                                                                |   |                         |   |                         |   |   |   |   |   |   |   |   |   |
| **Current**                                                                                                                                                    |   |                         |   |                         |   |   |   |   |   |   |   |   |   |
| Accounts                  payable and accrued liabilities                                                                                                      |   |                         |   |                         | **$**  | **2,108,153** |   |   |   |   | $ | 2,306,523 |   |
| Loans                  and advances payable (Note 4)                                                                                                           |   |                         |   |                         |   | **693,532** |   |   |   |   |   | 738,581 |   |
|                                                                                                                                                           |   |                         |   |                         |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                           |   |                         |   |                         |   | **2,801,685** |   |   |   |   |   | 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:                                                                                                                       |   |                         |   |                         |   |   |   |   |   |   |   |   |   |
| 856,372,406                  common shares at June 30, 2005 and 27,569,925 at December 31,                  2004                                               |   |                         |   |                         |   | **85,638** |   |   |   |   |   | 2,757 |   |
| 80,060,000                  series B preferred shares and 1 Series A preferred share at June                  30, 2005,                  and December 31, 2004 |   |                         |   |                         |   | **8,006** |   |   |   |   |   | 8,006 |   |
|                                                                                                                                                           |   |                         |   |                         |   |   |   |   |   |   |   |   |   |
| Additional                  paid-in capital                                                                                                                    |   |                         |   |                         |   | **9,180,232** |   |   |   |   |   | 5,818,445 |   |
|                                                                                                                                                           |   |                         |   |                         |   |   |   |   |   |   |   |   |   |
| **Deficit**                                                                                                                                                    |   |                         |   |                         |   | **(11,374,359** | **)** |   |   |   |   | (8,847,847 | ) |
|                                                                                                                                                           |   |                         |   |                         |   | **(2,100,483** | **)** |   |   |   |   | (3,018,639 | ) |
|                                                                                                                                                           |   |                         |   |                         |        |   |  |   |  |   |
|                                                                                                                                                           |   |                         |   |                         | **$**  | **701,202** |   |   |   |   | $ | 26,465 |   |
|                                                                                                                                                           |   |                         |   |                         |        |   |  |   |  |   |

**JUPITER        GLOBAL HOLDINGS CORP.**

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

**INTERIM        CONSOLIDATED STATEMENT**
**S        OF OPERATIONS AND DEFICIT**

**(Unaudited)**

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

|                                                         |   | **THREE                  MONTHS ENDED** |   | **SIX                  MONTHS ENDED** |   |
|--------------------------------------------------------------|--------|-----------------------------------------|--------|---------------------------------------|--------|
|                                                         |   | **JUNE                  30**            |   | **JUNE                  30**          |   |
|                                                         |   | **2005**                                |   | 2004                                  |   | **2005** |   | 2004 |   |
|                                                         |   |                                         |   |                                       |   |  |   |  |   |
| **Revenue**                                                  |   |                                    |   |                                  | **$**  | **10,023** |   | **$** | 113,219 |   |   |   |   | **$** | **10,078** |   | $ | 171,319 |   |
|                                                         |   |                                    |   |                                  |        |   |  |   |   |   |   |  |   |  |   |
| **Expenses**                                                 |   |                                    |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Administrative                  services                     |   |                                    |   |                                  |   | **10,147** |   |   | 5,616 |   |   |   |   |   | **18,549** |   |   | 6,672 |   |
| Amortization                                                 |   |                                    |   |                                  |   | **420** |   |   | 851 |   |   |   |   |   | **3,278** |   |   | 1,440 |   |
| Business                  development                        |   |                                    |   |                                  |   | **-** |   |   | 422,503 |   |   |   |   |   | **-** |   |   | 422,503 |   |
| Consulting                                                   |   |                                    |   |                                  |   | **151,677** |   |   | 248,108 |   |   |   |   |   | **355,917** |   |   | 352,548 |   |
| Equipment                  leases                            |   |                                    |   |                                  |   | **-** |   |   | 2,065 |   |   |   |   |   | **-** |   |   | 11,466 |   |
| Foreign                  exchange                  gain      |   |                                    |   |                                  |   | **(8,925** | **)** |   | - |   |   |   |   |   | **(13,509** | **)** |   | - |   |
| Investor                  relations                          |   |                                    |   |                                  |   | **177** |   |   | 11,693 |   |   |   |   |   | **9,525** |   |   | 11,693 |   |
| Marketing                                                    |   |                                    |   |                                  |   | **-** |   |   | 11,339 |   |   |   |   |   | **1,550** |   |   | 18,639 |   |
| Media                  design                                |   |                                    |   |                                  |   | **-** |   |   | 993 |   |   |   |   |   | **-** |   |   | 2,164 |   |
| Night                  club operating costs                  |   |                                    |   |                                  |   | **-** |   |   | 120,714 |   |   |   |   |   | **-** |   |   | 120,714 |   |
| Office,                  rent and sundry                     |   |                                    |   |                                  |   | **38,098** |   |   | 41,802 |   |   |   |   |   | **150,564** |   |   | 70,610 |   |
| Professional                  fees                           |   |                                    |   |                                  |   | **27,604** |   |   | 79,440 |   |   |   |   |   | **85,434** |   |   | 116,517 |   |
| Software                  development                        |   |                                    |   |                                  |   | **-** |   |   | - |   |   |   |   |   | **-** |   |   | - |   |
| Travel                                                       |   |                                    |   |                                  |   | **3,539** |   |   | 22,335 |   |   |   |   |   | **20,534** |   |   | 45,929 |   |
| Wages                  and benefits                          |   |                                    |   |                                  |   | **1,707,641** |   |   | 117,146 |   |   |   |   |   | **1,904,748** |   |   | 235,104 |   |
|                                                         |   |                                    |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                         |   |                                    |   |                                  |   | **1,930,378** |   |   | 1,084,605 |   |   |   |   |   | **2,536,590** |   |   | 1,415,999 |   |
|                                                         |   |                                    |   |                                  |        |   |  |   |   |   |   |  |   |  |   |
| **Loss                  Before The Following**               |   |                                    |   |                                  |   | **(1,920,355** | **)** |   | (971,386 | ) |   |   |   |   | **(2,526,512** | **)** |   | (1,244,680 | ) |
|                                                         |   |                                    |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Loss                  in Excess of Equity in Subsidiary**  |   |                                    |   |                                  |   | **16** |   |   | - |   |   |   |   |   | **453** |   |   | - |   |
| **Minority                  Interest In Loss Of Subsidiary** |   |                                    |   |                                  |   | **(16** | **)** |   | - |   |   |   |   |   | **(453** | **)** |   | - |   |
|                                                         |   |                                    |   |                                  |        |   |  |   |   |   |   |  |   |  |   |
| **Net                  Loss For The Period**                 |   |                                    |   |                                  | **$**  | **(1,920,355** | **)** | **$** | (971,386 | ) |   |   |   | **$** | **(2,526,512** | **)** | $ | (1,244,680 | ) |
|                                                         |   |                                    |   |                                  |        |   |  |   |   |   |   |  |   |  |   |

**JUPITER        GLOBAL HOLDINGS CORP.**

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

**INTERIM        CONSOLIDATED STATEMENT**
**S        OF OPERATIONS AND DEFICIT (Continued)**

**(Unaudited)**

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

|                                                                        |   | **THREE                  MONTHS ENDED** |   | **SIX                  MONTHS ENDED** |   |
|-----------------------------------------------------------------------------|--------|-----------------------------------------|--------|---------------------------------------|--------|
|                                                                        |   | **JUNE                  30**            |   | **JUNE                  30**          |   |
|                                                                        |   | **2005**                                |   | 2004                                  |   | **2005** |   | 2004 |   |
|                                                                             |   |                                         |   |                                       |   |  |   |  |   |
| **Net                  Loss Per Share**,                  Basic and diluted |   |                                    |   |                                  | **$**  | **(0.01** | **)** | **$** | (4,455.90 | ) |   |   |   | **$** | **(0.01** | **)** | $ | (6,876.69 | ) |
|                                                                             |   |                                    |   |                                  |        |   |  |   |   |   |   |  |   |  |   |
| **Weighted                  Average Number Of Common Shares Outstanding**   |   |                                    |   |                                  |   | **413,321,859** |   |   | 218 |   |   |   |   |   | **276,353,268** |   |   | 181 |   |
|                                                                             |   |                                    |   |                                  |        |   |  |   |   |   |   |  |   |  |   |

**JUPITER        GLOBAL HOLDINGS CORP.**

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

**INTERIM        CONSOLIDATED STATEMENT**
**S        OF CASH FLOWS**

**(Unaudited)**

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

|                                                                                                              |   | **THREE                  MONTHS ENDED** |   | **SIX                  MONTHS ENDED** |   |
|-------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|--------|---------------------------------------|--------|
|                                                                                                              |   | **JUNE                  30**            |   | **JUNE                  30**          |   |
|                                                                                                              |   | **2005**                                |   | 2004                                  |   | **2005** |   | 2004 |   |
|                                                                                                                   |   |                                         |   |                                       |   |  |   |  |   |
| **Cash                  Flows From Operating Activities**                                                         |   |                                    |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss                  for the period                                                                              |   |                                    |   |                                  | **$**  | **(1,920,355** | **)** |   |   |   | $ | (971,386 | ) |   |   |   | **$** | **(2,526,512** | **)** |   |   |   | $ | (1,244,680 | ) |
|                                                                                                              |   |                                    |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Adjustments                  To Reconcile Net Loss To Net Cash Used By Operating                  Activities**  |   |                                    |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Amortization                                                                                                      |   |                                    |   |                                  |   | **420** |   |   |   |   |   | 851 |   |   |   |   |   | **3,278** |   |   |   |   |   | 1,440 |   |
| Stock                  based compensation                                                                         |   |                                    |   |                                  |   | **1,299,000** |   |   |   |   |   | 51,339 |   |   |   |   |   | **1,468,800** |   |   |   |   |   | 96,117 |   |
| Issue                  of common stock for expenses                                                               |   |                                    |   |                                  |   | **-** |   |   |   |   |   | 182,500 |   |   |   |   |   | **30,905** |   |   |   |   |   | 182,500 |   |
| Beneficial                  Conversion feature of convertible notes recorded as interest                  expense |   |                                    |   |                                  |   | **-** |   |   |   |   |   | **-** |   |   |   |   |   | **81,250** |   |   |   |   |   | **-** |   |
| Accounts                  receivable                                                                              |   |                                    |   |                                  |   | **-** |   |   |   |   |   | 3,760 |   |   |   |   |   | **-** |   |   |   |   |   | (820 | ) |
| Goods                  and Services Tax recoverable                                                               |   |                                    |   |                                  |   | **(4,770** | **)** |   |   |   |   | 3,904 |   |   |   |   |   | **(7,713** | **)** |   |   |   |   | 2,637 |   |
| Prepaid                  expense, advances and other                                                              |   |                                    |   |                                  |   | **17,277** |   |   |   |   |   | (70,868 | ) |   |   |   |   | **(389** | **)** |   |   |   |   | (77,807 | ) |
| Inventory                                                                                                         |   |                                    |   |                                  |   | **-** |   |   |   |   |   | (10,072 | ) |   |   |   |   | **-** |   |   |   |   |   | (10,072 | ) |
| Accounts                  payable and accrued liabilities                                                         |   |                                    |   |                                  |   | **335,304** |   |   |   |   |   | (23,806 | ) |   |   |   |   | **503,557** |   |   |   |   |   | 2,261 |   |
|                                                                                                              |   |                                    |   |                                  |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |                                    |   |                                  |   | **(273,124** | **)** |   |   |   |   | (833,778 | ) |   |   |   |   | **(446,824** | **)** |   |   |   |   | (1,048,424 | ) |
|                                                                                                              |   |                                    |   |                                  |        |   |   |   |   |  |   |  |   |  |   |  |   |  |   |
| **Cash                  Flows From Investing Activities**                                                         |   |                                    |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Investment                  in Venture Companies                                                                  |   |                                    |   |                                  |   | **(50,000** | **)** |   |   |   |   | - |   |   |   |   |   | **(50,000** | **)** |   |   |   |   | - |   |
| Purchase                  of capital assets                                                                       |   |                                    |   |                                  |   | - |   |   |   |   |   | (12,085 | ) |   |   |   |   | - |   |   |   |   |   | (12,452 | ) |
| Advances                  receivable                                                                              |   |                                    |   |                                  |   | - |   |   |   |   |   | 399,198 |   |   |   |   |   | **-** |   |   |   |   |   | 281,219 |   |
|                                                                                                              |   |                                    |   |                                  |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |                                    |   |                                  |   | **(50,000** | **)** |   |   |   |   | 387,113 |   |   |   |   |   | **(50,000** | **)** |   |   |   |   | 268,767 |   |
|                                                                                                              |   |                                    |   |                                  |   |   |   |   |   |   |   |  |   |   |   |  |   |   |   |
|                                                                                                              |   |                                    |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Cash                  Flows From Financing Activities**                                                         |   |                                    |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                  and advances payable                                                                       |   |                                    |   |                                  |   | **(98,365** | **)** |   |   |   |   | 81,828 |   |   |   |   |   | **(41,148** | **)** |   |   |   |   | 171,481 |   |
| Shares                  issued for cash                                                                           |   |                                    |   |                                  |   | **454,495** |   |   |   |   |   | 290,923 |   |   |   |   |   | **561,485** |   |   |   |   |   | 558,446 |   |
| Share                  subscriptions received                                                                     |   |                                    |   |                                  |   | **-** |   |   |   |   |   | - |   |   |   |   |   | **-** |   |   |   |   |   | - |   |
|                                                                                                              |   |                                    |   |                                  |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                              |   |                                    |   |                                  |   | **356,130** |   |   |   |   |   | 372,751 |   |   |   |   |   | **520,337** |   |   |   |   |   | 729,927 |   |
|                                                                                                              |   |                                    |   |                                  |        |   |   |   |   |  |   |  |   |  |   |  |   |  |   |
| **Increase                  (Decrease) In Cash**                                                                  |   |                                    |   |                                  |   | **33,006** |   |   |   |   |   | (73,914 | ) |   |   |   |   | **23,513** |   |   |   |   |   | (49,730 | ) |
|                                                                                                              |   |                                    |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **(Bank                  Indebtedness)****Cash,                  Beginning Of Period**                            |   |                                    |   |                                  |   | **(1,253** | **)** |   |   |   |   | 39,076 |   |   |   |   |   | **8,240** |   |   |   |   |   | 14,892 |   |
|                                                                                                              |   |                                    |   |                                  |        |   |   |   |   |  |   |  |   |  |   |  |   |  |   |
| **Cash                  (Bank Indebtedness), End Of Period**                                                      |   |                                    |   |                                  | **$**  | **31,753** |   |   |   |   | $ | (34,838 | ) |   |   |   | **$** | **31,753** |   |   |   |   | $ | (34,838 | ) |
|                                                                                                              |   |                                    |   |                                  |        |   |   |   |   |  |   |  |   |  |   |  |   |  |   |
| **Supplemental                  Disclosure of Non Cash Financing and Investing                  Activities**      |   |                                    |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt                  issued for acquisition of investments                                                       |   |                                    |   |                                  | **$**  | **-** |   |   |   |   | $ | - |   |   |   |   | **$** | **420,000** |   |   |   |   | $ | - |   |
| Shares                  issued for debt                                                                           |   |                                    |   |                                  |   | **-** |   |   |   |   |   | 204,000 |   |   |   |   |   | **118,721** |   |   |   |   |   | 204,000 |   |
| Shares                  issued for acquisition of investments                                                     |   |                                    |   |                                  |   | **588,000** |   |   |   |   |   | - |   |   |   |   |   | **588,000** |   |   |   |   |   | - |   |
| 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**

**JUNE        30, 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** |
|------------------------------------------|--------|-----------------------------------------|--------|--------------------|
|                                          |   |                                         |   |                    |
| 356,250                                  |   |                                    | 0.0090 |               | November                  20, 2014 |
| 10,871,625                               |   |                                    | 0.0110 |               | November                  29, 2014 |
| 7,877,925                                |   |                                    | 0.0290 |               | February                  17,2015 |
| 91,078,825                               |   |                                    | 0.0011 |               | June                  7, 2015 |
|                                          |   |                                    |   |               |   |
| 110,184,625                              |   |                                    |   |               |   |
|                                          |   |                                    |   |               |   |

**JUPITER        Global Holdings Corp.**

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

**NOTES        TO **
**INTERIM        CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE        30, 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   |                                                                        |   |   |   |   | 0.070 |   |
| Exercised                                   |   |                              | (12,356,802  | )                                                                           |   |   |   |   | (0.239 | ) |
| Expired                  / Cancelled        |   |                              | (1,060,137   | )                                                                           |   |   |   |   | (0.617 | ) |
|                                        |   |                                   |         |                                                                        |   |   |   |   |   |
| Balance,                  December 31, 2004 |   |                              | 37,659,602   |                                                                        |   |   |   | $ | 0.021 |   |
|                                        |   |                              |         |                                                                        |   |   |   |   |   |   |
| Granted                                     |   |                              | 910,000,000  |                                                                        |   |   |   |   | 0.002 |   |
| Exercised                                   |   |                              | (677,474,975 | )                                                                           |   |   |   |   | 0.002 |   |
| Expired                  / Cancelled        |   |                              | (160,000,002 | )                                                                           |   |   |   |   | 0.004 |   |
|                                        |   |                                   |         |                                                                        |   |   |   |   |   |
| Balance,                  June 30, 2005     |   |                              | 110,184,625  |                                                                        |   |   |   | $ | 0.002 |   |
|                                        |   |                                   |         |                                                                        |   |   |   |   |   |

**JUPITER        Global Holdings Corp.**

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

**NOTES        TO **
**INTERIM        CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE        30, 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                                        |   | $                                       | 6,000,000 |                             |   | September                  17, 2006 |   |
|                                          |   |                                    |      |                             |   |   |   |
| 7                                        |   |                                    |      |                             |   |   |   |
|                                          |   |                                    |      |                             |   |   |   |

|                                        |   |  **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 |   |
|                                        |   |                             |   |                                         |   |   |   |   |   |   |
| Granted                                     |   |                             | 1      |                                         |   |   |   |   | 20,000 |   |
|                                        |   |                                  |   |                                         |   |   |   |   |   |
| Balance,                  December 31, 2003 |   |                             | 42     |                                         |   |   |   | $ | 901,429 |   |
|                                        |   |                             |   |                                         |   |   |   |   |   |   |
| Cancelled                                   |   |                             | (20    | )                                            |   |   |   |   | (810,000 | ) |
|                                        |   |                                  |   |                                         |   |   |   |   |   |
| Balance,                  December 31, 2004 |   |                             | 22     |                                         |   |   |   | $ | 984,545 |   |
|                                        |   |                             |   |                                         |   |   |   |   |   |   |
| Cancelled                                   |   |                             | (15    | )                                            |   |   |   |   | 622,667 |   |
|                                        |   |                                  |   |                                         |   |   |   |   |   |
| Balance,                  June 30, 2005     |   |                             | 7      |                                         |   |   |   | $ | 1,760,000 |   |
|                                        |   |                                  |   |                                         |   |   |   |   |   |

**JUPITER        Global Holdings Corp.**

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

**NOTES        TO **
**INTERIM        CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE        30, 2005**

**(Unaudited)**

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

| **3.** | **STOCK                  BASED COMPENSATION** |
|--------|-----------------------------------------------|

|                                                                                                          |   | **2005** |   | 2004   |   |
|---------------------------------------------------------------------------------------------------------------|--------|----------|--------|--------|--------|
|                                                                                                          |   |          |   |        |   |
| Net                  loss, as reported                                                                        |   |     |   |   | **$**  | **(2,526,512** | **)** |   |   |   | $ | (1,244,680 | ) |
|                                                                                                          |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Add:                  Stock based compensation expense included in net loss, as                  reported     |   |     |   |   |   | **1,497,545** |   |   |   |   |   | 96,117 |   |
|                                                                                                          |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Deduct:                  Stock based compensation expense determined under fair value                  method |   |     |   |   |   | **(1,823,797** | **)** |   |   |   |   | (248,461 | ) |
|                                                                                                          |   |          |   |        |   |   |   |   |  |   |
| Net                  loss, pro-forma                                                                          |   |     |   |   | **$**  | **(2,852,764** | **)** |   |   |   | $ | (1,397,024 | ) |
|                                                                                                          |   |          |   |        |   |   |   |   |  |   |
| Net                  loss per share (basic and diluted), as reported                                          |   |     |   |   | **$**  | **(0.01** | **)** |   |   |   | $ | (6,876.69 | ) |
|                                                                                                          |   |          |   |        |   |   |   |   |  |   |
| Net                  loss per share (basic and diluted), pro-forma                                            |   |     |   |   | **$**  | **(0.01** | **)** |   |   |   | $ | (7,718.36 | ) |
|                                                                                                          |   |          |   |        |   |   |   |   |  |   |

**JUPITER        Global Holdings Corp.**

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

**NOTES        TO **
**INTERIM        CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE        30, 2005**

**(Unaudited)**

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

| **4.** | **LOANS                  AND ADVANCES PAYABLE** |
|--------|-------------------------------------------------|

|                                                  |   | **2005** |   | 2004   |   |
|-------------------------------------------------------|--------|----------|--------|--------|--------|
|                                                  |   |          |   |        |   |
| Convertible                  Loans & Advances     |   |     |   |   |   |   |   |   |   |   |   |   |   |
| -                  past due                           |   |     |   |   | **$**  | **451,904** |   |   |   |   | $ | 285,788 |   |
| -                  due within one year                |   |     |   |   |   | **158,892** |   |   |   |   |   | 226,576 |   |
|                                                  |   |     |   |   |        |   |  |   |  |   |
| Non                  Convertible Loans & Advances |   |     |   |   |   | **82,736** |   |   |   |   |   | 226,217 |   |
|                                                  |   |     |   |   |        |   |  |   |  |   |
| Total                  Loans & Advances Payable   |   |     |   |   | **$**  | **693,532** |   |   |   |   | $ | 738,581 |   |
|                                                  |   |     |   |   |        |   |  |   |  |   |

|   | 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                                          |   |       |   |   | **$**  | **466** |   |   |   |   | $ | 81,385 |   |
| Bears                  no interest, with Loan fee of $10,500                |   |       |   |   |   | **60,500** |   |   |   |   |   | 65,500 |   |
| Bears                  an interest rate of 10% and with loan fees of $6,000 |   |       |   |   |   | **-** |   |   |   |   |   | 62,000 |   |
| Accrued                  Loan Fees on Convertible Debt                      |   |       |   |   |   | **12,100** |   |   |   |   |   | 13,100 |   |
| Accrued                  Interest to be paid on Convertible Debt            |   |       |   |   |   | **9,670** |   |   |   |   |   | 4,232 |   |
|                                                                        |   |       |   |   |        |   |   |   |   |  |   |
| Total                  Loan & Advances Payable - non convertible        |   |       |   |   | **$**  | **82,736** |   |   |   |   | $ | 226,217 |   |
|                                                                        |   |       |   |   |        |   |   |   |   |  |   |

**JUPITER        Global Holdings Corp.**

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

**NOTES        TO **
**INTERIM        CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE        30, 2005**

**(Unaudited)**

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

| **4.** | **LOANS                  AND ADVANCES PAYABLE****(cont.)** |
|--------|------------------------------------------------------------|

|   | 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                   |   |       |   |   |   | **118,392** |   |   |   |   |   | 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                                                                                                                                         |   |       |   |   |   | **1,819** |   |   |   |   |   | 1,855 |   |
| Convertible                  at $0.12 per share, bears no interest                                                                                                                                         |   |       |   |   |   | **12,241** |   |   |   |   |   | 12,479 |   |
| Convertible                  after June 30, 2006 at $0.02 per share, bears no interest                                                                                                                     |   |       |   |   |   | **156,658** |   |   |   |   |   | 160,796 |   |
| Convertible                  after June 30, 2006 at $0.05 per share, bears no interest                                                                                                                     |   |       |   |   |   | **109,611** |   |   |   |   |   | 110,658 |   |
| Convertible                  at Feb 16, 2005 at $0.016 per share, bears 8% interest                                                                                                                        |   |       |   |   |   | **100,000** |   |   |   |   |   | - |   |
|                                                                                                                                                                                                       |   |       |   |   |        |   |   |   |   |  |   |
|                                                                                                                                                                                                       |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Convertible                  loans and advances                                                                                                                                                            |   |       |   |   | **$**  | **610,797** |   |   |   |   | $ | 512,364 |   |
|                                                                                                                                                                                                       |   |       |   |   |        |   |   |   |   |  |   |

|   |   | b)                      $338,192 of the convertible loans and advances are due to related                      parties. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------|

**JUPITER        Global Holdings Corp.**

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

**NOTES        TO **
**INTERIM        CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE        30, 2005**

**(Unaudited)**

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

| **4.** | **LOANS                  AND ADVANCES PAYABLE****(cont.)** |
|--------|------------------------------------------------------------|

**5.**
**CONTINGENCIES        **

**6.**
**INVESTMENTS**

**JUPITER        Global Holdings Corp.**

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

**NOTES        TO **
**INTERIM        CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE        30, 2005**

**(Unaudited)**

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

**6.**
**INVESTMENTS        (CONT.)**

**JUPITER        Global Holdings Corp.**

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

**NOTES        TO **
**INTERIM        CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE        30, 2005**

**(Unaudited)**

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

**7**
**.              **
**RELATED        PARTY TRANSACTIONS**

|   | a) Included                  in accounts payable at June 30, 2005 is $545,103 (December 31,                  2004 -                  $523,203) owing to directors or companies controlled by                  directors. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b) Included                  in loans and advances payable at June 30, 2005 is $338,192 (December                  31,                  2004 - $351,289) owing to directors or companies controlled by                  directors. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c) During                  the period ended June 30, 2005, the Company incurred $82,500 (June                  30,                  2004 - $30,000) in consulting and business development expenses                  with                  directors. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | d)                    During the period ended June 30, 2005, the Company incurred $25,092                    (June                    30, 2004 - $Nil) in administration, office, and equipment rental                    expenses                    with a company controlled by a                    director. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **8****.** | **SUBSEQUENT                  EVENTS** |
|------------|----------------------------------------|

|   |   | a)                    Subsequent to June 30, 2005, the Company granted stock options                    to                    employees to acquire up to 1,282,000,000 shares of common stock                    at various                    exercise prices between $0.0003 and $0.0006 per share. Of all                    the stock                    options granted 1,152,688,200 have been exercised providing proceeds                    to                    the Company of $281,026. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

**Forward      Looking Statements**

**RESULTS      OF OPERATIONS**

**Liquidity      and Financial Condition As Of June 30, 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.**