UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    ---------

                                   FORM 1O-QSB

                                    ---------


(Mark One)
[X]   QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
      OF 1934

                FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2005

[ ]       TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE EXCHANGE ACT

                   FOR THE TRANSITION PERIOD FROM_____ TO_____

                        COMMISSION FILE NUMBER: 000-17510

                                MEGA GROUP, INC.
        (EXACT NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)

                    NEW YORK                          14-1653446
        (State or other jurisdiction
      of incorporation or organization)    (IRS Employer Identification No.)

          1730 RHODE ISLAND AVE., N.W. SUITE 415, WASHINGTON, DC 20036
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

                                 (202) 296-9594
                           (ISSUER'S TELEPHONE NUMBER)

                                       N/A
              (FORMER NAME, FORMER ADDRESS AND FORMER FISCAL YEAR,
                          IF CHANGED SINCE LAST REPORT)

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

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

      APLLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares
outstanding of each of the issuer's classes of common equity, as of the latest
practicable date: 9,516,959 shares of common stock (including 75,302 shares held
of record by our wholly-owned subsidiary), as of July 15, 2006.

      Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]

<PAGE>

TABLE OF CONTENTS

MEGA GROUP, INC. AND SUBSIDIARY

<TABLE>
<CAPTION>
                                      INDEX
                                      -----

<S>             <C>                                                                                              <C>
PART I.         FINANCIAL INFORMATION

       ITEM 1.  Financial Statements

                Consolidated Balance Sheets- September 30, 2005 (Unaudited) and December 31, 2004                  1

                Consolidated Statements of Operations (Unaudited) Three Months Ended September 30, 2005
                and 2004                                                                                           2

                Consolidated Statements of Operations (Unaudited) Nine Months ended September 30, 2005 and
                2004                                                                                               3

                Consolidated Statements of Cash Flows (Unaudited) Nine Months Ended September 30, 2005 and
                2004                                                                                               4

                Notes to Unaudited Consolidated Financial Statements                                               5

       ITEM 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations              8

       ITEM 3.  Controls and Procedures                                                                            8

PART II.        OTHER INFORMATION                                                                                  9

SIGNATURES                                                                                                        11
</TABLE>



<PAGE>

MEGA GROUP INC. AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS
AS OF SEPTEMBER 30, 2005 AND DECEMBER 31, 2004

<TABLE>
<CAPTION>
                                                                           SEPTEMBER
                                                                            30, 2005          DECEMBER 31,
                                                                          (UNAUDITED)             2004
                                                                          -----------         -----------
                                     ASSETS
<S>                                                                       <C>                 <C>
Cash and cash equivalents                                                 $        --         $        --
Other assets                                                                    2,285               2,285
                                                                          -----------         -----------
     Total current assets                                                       2,285               2,285

Equipment, net of accumulated depreciation of $23,486 and $21,845
respectively                                                                    2,178               3,819
                                                                          -----------         -----------
     TOTAL ASSETS                                                         $     4,463         $     6,104
                                                                          ===========         ===========

                      LIABILITIES AND STOCKHOLDERS' DEFICIT
LIABILITIES
   Accounts payable and accrued liabilities                               $ 1,606,261         $ 1,253,417
   Accrued interest                                                           417,864             307,544
   Due to shareholders and officers, including convertible notes
   payable of $56,602 and $59,002, respectively                               363,695             404,446
   Notes payable, including convertible notes of $80,000 and $0,
   respectively                                                               725,000             645,000
                                                                          -----------         -----------
      TOTAL CURRENT LIABILITIES                                             3,112,820           2,610,407
                                                                          -----------         -----------

STOCKHOLDERS' DEFICIT
   Preferred stock, cumulative 8%, $1 par value per share, 400,000
   shares authorized, 10,000 shares issued and outstanding with a
   liquidation preference of $1 per share                                      10,000              10,000
   Common stock, $0.016 par value per share, 25,000,000 shares
   authorized, 9,516,959 and 9,433,625, respectively shares issued
   and outstanding                                                            152,271             150,938
   Additional paid-in capital                                                 294,249             294,249
   Accumulated deficit                                                     (3,564,877)         (3,059,490)
                                                                          -----------         -----------
     Total stockholders' deficit                                           (3,108,357)         (2,604,303)
                                                                          -----------         -----------
     TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                          $     4,463         $     6,104
                                                                          ===========         ===========
</TABLE>


              THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE
                          CONSOLIDATED BALANCE SHEETS.


                                        1
<PAGE>

MEGA GROUP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTH PERIODS ENDED SEPTEMBER 30, 2005 AND 2004

<TABLE>
<CAPTION>
                                                               2005               2004
                                                           (UNAUDITED)         (UNAUDITED)
                                                           -----------         -----------
<S>                                                        <C>                 <C>
 REVENUE                                                   $        --         $        --
                                                           -----------         -----------
 OPERATING EXPENSES

   Compensation and benefits                                    86,250              86,250

   Other selling, general and administrative                    51,371              41,960

   Depreciation                                                    547                 547
                                                           -----------         -----------
 TOTAL OPERATING EXPENSES                                      138,168             128,757
                                                           -----------         -----------
 LOSS FROM OPERATIONS                                         (138,168)           (128,757)
                                                           -----------         -----------
 OTHER EXPENSE

   Interest expense to stockholders and officers                12,234              12,232

   Interest expense                                             27,205              25,025
                                                           -----------         -----------
TOTAL OTHER EXPENSE                                             39,259              37,257
                                                           -----------         -----------
LOSS BEFORE PROVISION FOR INCOME TAXES                        (177,427)           (166,014)

PROVISION FOR INCOME TAXES                                          --                  --
                                                           -----------         -----------
   Net loss                                                $  (177,427)        $  (166,014)
                                                           ===========         ===========
 ASIC AND DILUTED NET LOSS PER COMMON SHARE:

   Basic and diluted net loss per common share             $     (0.02)        $     (0.02)
                                                           ===========         ===========
   Basic and diluted weighted average common shares          9,516,959           9,433,625
                                                           ===========         ===========
</TABLE>


              THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE
                          CONSOLIDATED BALANCE SHEETS.


                                        2
<PAGE>

MEGA GROUP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE NINE MONTH PERIODS ENDED SEPTEMBER 30, 2005 AND 2004

<TABLE>
<CAPTION>
                                                                  2005                  2004
                                                              (UNAUDITED)           (UNAUDITED)
                                                              -----------           -----------
<S>                                                           <C>                   <C>
 REVENUE                                                      $        --           $        --
                                                              -----------           -----------
 OPERATING EXPENSES

     Compensation and benefits                                    258,750               258,750

     Other selling, general and administrative                    128,427               104,899

     Depreciation                                                   1,641                 1,641
                                                              -----------           -----------
TOTAL OPERATING EXPENSES                                          388,818               365,290
                                                              -----------           -----------
LOSS FROM OPERATIONS                                             (388,818)             (365,290)
                                                              -----------           -----------
OTHER EXPENSE

     Interest expense to stockholders and officers                 35,494                26,414

     Interest expense                                              81,075                75,075
                                                              -----------           -----------
TOTAL OTHER EXPENSE                                               116,569               101,489
                                                              -----------           -----------
LOSS BEFORE PROVISION FOR INCOME TAXES                           (505,387)             (466,779)

PROVISION FOR INCOME TAXES                                             --                    --
                                                              -----------           -----------
Net loss                                                      $  (505,387)          $  (466,779)
                                                              ===========           ===========
BASIC AND DILUTIVE NET LOSS PER COMMON SHARE:

   Basic and dilutive net loss per common share               $     (0.05)          $     (0.05)
                                                              ===========           ===========
   Basic and dilutive weighted average common shares            9,516,959             9,433,625
                                                              ===========           ===========
</TABLE>


              THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE
                          CONSOLIDATED BALANCE SHEETS.


                                        3
<PAGE>

MEGA GROUP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTH PERIODS ENDED SEPTEMBER 30, 2005 AND 2004

<TABLE>
<CAPTION>
                                                                                         2005               2004
                                                                                     (UNAUDITED)         (UNAUDITED)
                                                                                     -----------         -----------
<S>                                                                                  <C>                 <C>
CASH FLOW FROM OPERATING ACTIVITIES

Net loss                                                                             $  (505,387)        $  (466,779)

ADJUSTMENT TO RECONCILE CHANGES IN NET ASSETS TO NET CASH FLOW
FROM OPERATING ACTIVITIES

   Depreciation                                                                            1,641               1,641

   Accretion of discount and other                                                         6,249               6,249

   EFFECT OF CHANGES IN NON-CASH WORKING CAPITAL BALANCES

   Accounts payable and accrued liabilities                                              352,844             236,202

   Accrued interest                                                                      110,320              95,240
                                                                                     -----------         -----------
Net cash flow used in operating activities                                               (34,333)           (127,447)
                                                                                     -----------         -----------
CASH FLOW FROM FINANCING ACTIVITIES

Common stock issued                                                                        1,333               1,600

Debt proceeds                                                                             80,000             172,827

Payments on debt to stockholders and officers                                            (47,000)            (53,602)
                                                                                     -----------         -----------
NET CASH FLOW PROVIDED BY FINANCING ACTIVITIES                                            34,333             120,825
                                                                                     -----------         -----------
Change in cash and cash equivalents                                                           --              (6,622)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                                                --               6,622
                                                                                     -----------         -----------
CASH AND CASH EQUIVALENTS, END PERIOD                                                $        --         $
                                                                                     ===========         ===========
CASH PAID FOR INTEREST                                                               $        --         $        --
                                                                                     ===========         ===========
CASH PAID FOR TAXES                                                                  $        --         $        --
                                                                                     ===========         ===========
</TABLE>


              THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE
                          CONSOLIDATED BALANCE SHEETS.


                                        4
<PAGE>

MEGA GROUP, INC. AND SUBSIDIARY

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2005


1.   NATURE OF          The consolidated financial statements include the
     BUSINESS           accounts of the Mega Group, Inc., a New York corporation
                        and its wholly owned subsidiary, Small Business
                        Investment Corporation of America, Inc. (SBICOA), an
                        Oregon corporation (collectively, the Company). All
                        significant inter-company transactions and accounts have
                        been eliminated in the consolidated financial
                        statements. The Company's current business plan is to
                        provide diversified financial services to ethnic
                        communities and faith-based entities in the United
                        States and to operate as a specialized financial
                        institution providing loans and investments for
                        businesses in low and moderate income communities.

2.   INTERIM            The accompanying unaudited consolidated financial
     FINANCIAL          statements of the Company have been prepared in
     PRESENTATION       accordance with accounting principles generally accepted
                        in the United States of America for interim financial
                        information and with the instructions to From 10-QSB.
                        Accordingly, they do not include all the information
                        required for complete financial statements. In the
                        opinion of management, all adjustments and
                        reclassifications considered necessary for a fair
                        presentation have been included. All such adjustments
                        are of a normal recurring nature. Operating results for
                        the three and nine month period ended September 30, 2005
                        are not necessarily indicative of the results that may
                        be expected for the year ending December 31, 2005 or any
                        other period. The enclosed unaudited consolidated
                        financial statements should be read in conjunction with
                        the consolidated financial statements and footnotes
                        thereto incorporated by reference in the Company's
                        Annual Report on Form 10-KSB for the year ended December
                        31, 2004.

     NET LOSS PER       Basic net loss per common share is calculated by
     COMMON             dividing the net loss attributable to common
     SHARE              stockholders by the weighted average number of common
                        shares outstanding during the year. Diluted earnings per
                        share is calculated using the weighted average number of
                        common shares plus dilutive common stocks equivalents
                        outstanding during the period. Anti-dilutive common
                        stock equivalents are excluded. Common stock equivalents
                        are stock options.


     STOCK OPTION       The Company adopted the fair-value recognition provision
     ACCOUNTING         of SFAS No. 123 (as revised in 2004 and referred to as
                        "SFAS No. 123R") Accounting for Stock-based
                        Compensation. SFAS 123R generally eliminates variable
                        accounting and requires companies to recognize in the
                        income statement over the vesting period of the options
                        an estimate of expense based on the fair value of those
                        options, typically as of the date of grant.

                                        5
<PAGE>

MEGA GROUP, INC. AND SUBSIDIARY

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2005


2.   INTERIM FINANCIAL
     PRESENTATION,
     CONTINUED


     STOCK OPTION       In June 2001, the Company granted one of its directors
     ACCOUNTING,        options, exercisable until June 30, 2006 or until 30
     CONTINUED          days prior to the commencement of any registered public
                        offering of its equity securities, whichever comes
                        first, to purchase a total of 100,000 shares of its
                        common stock for $.50 per share. The Company has
                        estimated the value of these options to be insignificant
                        based on the Black-Scholes model with the following
                        assumptions: expected life: 2.9 years; Volatility: 0.0%;
                        Risk-free interest rate: 5.0% and dividend yield: 0.0%.

3.   FINANCIAL          As of September 30, 2005, the Company has a deficiency
     CONDITION          in stockholders' equity and a working capital deficit of
                        approximately $3,108,000. The Company has not been
                        successful to date in executing its business plan and
                        there are no guarantees that it will be successful in
                        implementing it in the future. The Company has not
                        generated significant revenue from its business plan and
                        has primarily relied upon contributions and loans from
                        shareholders to fund operations. The Company will
                        require significant new capital funding to implement the
                        business plan and to satisfy the Company's cash
                        requirements for the next twelve months. There are no
                        guarantees the Company's shareholders will continue to
                        fund operations or that there is a viable market for the
                        Company to raise the required capital. The Company is in
                        default on the majority of its debt and is significantly
                        delinquent on amounts owed to vendors and employees. The
                        Company will require capital funding in order to fund
                        the capital deficit. The Company is delinquent in all
                        required tax filings for the years ending December 31,
                        2003, 2004, and 2005.

                        The intent of the Company's management is to direct it
                        into new business lines providing financial services to
                        currently underserved ethnic minorities through
                        alliances with churches and other organizations serving
                        those groups. The Company intends in the near term to
                        obtain additional equity funding and to obtain
                        additional debt financing to pursue these new lines of
                        business and to provide the funds to satisfy its current
                        obligations. The extent to which the Company can raise
                        additional equity and financing and achieve profitable
                        operations from new business activities will determine
                        if the Company can continue as a going concern.

                        Management believes it will be successful in obtaining
                        additional equity and debt financing, but no assurances
                        can be given in this regard.

                                       6
<PAGE>

MEGA GROUP, INC. AND SUBSIDIARY

NOTES TO UNAUDITED FINANCIAL STATEMENTS
SEPTEMBER 30, 2005


4.   RELATED PARTY      The Company owes certain of our stockholders $363,695
     TRANSACTIONS       and $404,446 as of September 30, 2005 and December 31,
                        2004, respectively of which $226,241 and $273,241 are
                        notes payable and $137,454 and $131,205 was for expenses
                        paid by the stockholder on the Company's behalf. The
                        Company is in default on all notes payable. The Company
                        originally owed a stockholder $139,538 (Stockholder
                        Obligation) for expenses paid on the Company's behalf.
                        The Stockholder Obligations has no specified terms for
                        interest or repayment. The Stockholder Obligation was
                        discounted by $25,000 based on a 6% discount rate during
                        the year ending December 31, 2003 based on the Company
                        repaying the stockholder in the year ending December 31,
                        2006. The Stockholder Obligation is being amortized into
                        the liability through interest expense. For each of the
                        periods ending September 30, 2005 and 2004, the
                        Stockholder Obligation accreted by $6,249.




                                        7
<PAGE>

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Forward-Looking Statements. This management's discussion and analysis of
financial condition and results of operations and other portions of this report
include forward-looking statements such as: statements of the Company's goals,
intentions, and expectations; estimates of risks and of future costs and
benefits; and statements of the Company's ability to achieve financial and other
goals. These forward-looking statements are subject to significant uncertainties
because they are based upon: the amount and timing of future changes in market
behaviors and other economic conditions; future laws and regulations; and a
variety of other matters. Because of these uncertainties, the actual future
results may be materially different from the results indicated by these
forward-looking statements. In addition, the Company's past performance does not
necessarily indicate its future results.

             GENERAL- NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004

During the first nine months of 2005 and 2004, we generated no revenue and we
realized a net loss of $505,387 and $466,779, respectively. We had operating
expenses in the total amount of $388,818 and $365,290, respectively, and
interest expenses of $116,569 and $101,489 respectively. The increase in
operating expenses was primarily a result of inflationary factors. Interest
expense increased as a result of borrowings made during the year ended December
31, 2004. During the first nine months of 2005, we sustained operations
substantially through private borrowings received in 2003.

                               FINANCIAL CONDITION

Our cash position remained $0 from December 31, 2003 to September 30, 2005
primarily due to use of cash to fund operating expenses. We have applied a 100%
valuation allowance for our net deferred tax assets of approximately $5,030,000
which is primarily from our net operating loss carry-forward, because the
realization of the net deferred tax asset is likely not to be realized as a
result of either change in control limitations or lack of income prior to
expiration.

Our total liabilities increased from $2,610,407 as of December 31, 2004 to
$3,112,820 as of September 30, 2005 as a result of withholding payments to
vendors, employees, and debt holders. As of September 30, 2005, the Company has
a deficiency in stockholders' equity and working capital of approximately
$3,108,000. In addition, the Company is in default on the majority of our notes
payable and is significantly delinquent in amounts owed to vendors and
employees. We have and will continue to primarily rely upon private debt
offerings and stockholder contributions to fund liquidity requirements. There is
no guarantee that stockholders will continue to fund operations or that there is
a viable market for us to raise equity or debt in the future. We plan to fund
the deficiency by implementation of our business plan and through additional
equity fundings.

As of September 30, 2005, the Company has no capital resources. The Company is
committed to pay approximately $103,500 as part of a non-cancelable lease
agreement over the next five years. The Company is in default or has debt coming
due in 2005 of approximately $951,000. Additionally, the Company has
approximately $418,000 of accrued and unpaid interest related to the debt
required to be paid in 2004. The Company plans to raise capital through equity
and debt means to fulfill these capital requirements. There is no guarantee that
there is a viable market for us to raise the required equity or debt in the
future.

ITEM 3. CONTROLS AND PROCEDURES

The Company's management, under supervision and with the participation of its
Chief Executive Officer and Chief Financial Officer, evaluated as of the last
day of the period covered by this report, the effectiveness of the design and
operation of the Company's disclosure controls and procedures, as defined in
Rule 13a-15 under the Securities Exchange Act of 1934. Based on that evaluation,
the Chief Executive Officer and Chief Financial Officer concluded that the
Company's disclosure controls and procedures were adequate. There were no
significant changes in the Company's internal controls over financial reporting
(as defined in Rule 13a-15 under the Securities Act of 1934) for the period
ended September 30, 2005 that have materially affected, or are reasonably likely
to materially affect, the Company's internal control over financial reporting.

                                        8
<PAGE>

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The Company has entered into routine proceedings incidental to its business, and
does expect that these proceedings will have a material adverse effect on the
Company.

ITEM 2. CHANGES IN SECURITIES

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

<TABLE>
<CAPTION>

<S>                                                                                                <C>
 Note payable to a  stockholder  and  officer,  unsecured,  bearing  interest at 15%, due
 December  2003.  The Company is delinquent in payments and  accordingly is in default on
 this note.                                                                                        $   143,025

 Note payable to a stockholder and officer,  unsecured,  bearing  interest at 5%, due May
 2004.  The Company is in default on this note,  and  accordingly,  it is classified as a
 current liability.                                                                                      2,500

 Note payable to a stockholder and officer of the Company,  unsecured,  convertible  into
 common shares at a conversion price of $ 0.3333 per share due on December 2003,  bearing
 interest at 15%. The Company is delinquent in payments and  accordingly is in default on
 this note.                                                                                             56,602

                                                                                                   -----------
Total amount payable to officers                                                                       202,127

 Note payable to a stockholder  of the Company for  redemption  of the  Company's  common
 shares, unsecured,  bearing interest at 6%, due June 15, 2000. The Company is delinquent
 in payments and accordingly is in default on this note.                                                24,114

                                                                                                   -----------
 Total amount payable to stockholders and officers                                                     226,241

 Note payable to an individual for a cash loan,  unsecured,  bearing interest at 12%. The
 Company is delinquent in payments and accordingly is in default on this note.                         100,000

 Note  payable,  unsecured,  bearing  interest  at 12.5%,  due June 2003.  The Company is
 delinquent in payments and accordingly is in default on this note.                                     60,000

 Working capital notes payable to Matah Holding,  LLC, bearing interest at 12%, due April
 14, 2003.  The Company is delinquent in payments and  accordingly  is in default on this
 note.                                                                                                 485,000

 Note  payable,  unsecured.  Convertible  into common  shares of stock of Mega group at a
 conversion  price of $0.3333  per share,  bearing  interest  at 10%,  due Jan 2006.  The
 Company is delinquent in payments and accordingly is in default on this note.                          10,000

 Note  payable,  unsecured.  Convertible  into common  shares of stock of Mega group at a
 conversion  price of $0.3333  per share,  bearing  interest  at 10%,  due Jan 2006.  The
 Company is delinquent in payments and accordingly is in default on this note.                          20,000

 Note  payable,  unsecured.  Convertible  into common  shares of stock of Mega group at a
 conversion  price of $0.3333  per share,  bearing  interest  at 10%,  due Jan 2006.  The
 Company is delinquent in payments and accordingly is in default on this note                           50,000
                                                                                                   -----------

 TOTAL                                                                                             $   951,241
                                                                                                   ===========
</TABLE>

                                        9
<PAGE>

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

None

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

Exhibit 99.1 (a), (b), 18 U.S.C Section 1350 Certifications



                                       10
<PAGE>

                                   SIGNATURES


PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED THEREUNTO DULY AUTHORIZED.


Date: July 21, 2006                                     MEGA GROUP, INC.

                                                  By:   /s/ JOHN H. BROWN
                                                        -----------------------
                                                        JOHN H. BROWN
                                                        CHIEF EXECUTIVE OFFICER



Date: July 21, 2006                               By:   /s/ JOYCE BROWN
                                                        -----------------------
                                                        JOYCE BROWN
                                                        CHIEF FINANCIAL OFFICER




                                       11