UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_______________

FORM 10-Q

_______________

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

For the quarterly period ended March 31, 2010

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

For the transition period from ______to______.

EQUITY VENTURES GROUP, INC.

(Exact name of registrant as specified in Charter

Florida		000-50868		65-0995426
(State or other jurisdiction of incorporation or organization)		(Commission File No.)		(IRS Employee Identification No.)

1314 East Las Olas Blvd., Suite 1030

Fort Lauderdale, Florida 33301

(Address of Principal Executive Offices)

_______________

(714) 388-8608

(Issuer Telephone number)

_______________

(Former Name or Former Address if Changed Since Last Report)

Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2)has been subject to such filing requirements for the past 90 days.

Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes ¨ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company filer. See definition of “accelerated filer” and “large accelerated filer” in Rule 12b-2 of the Exchange Act (Check one):

Large Accelerated Filer ¨ Accelerated Filer ¨ Non-Accelerated Filer ¨ Smaller Reporting Company x

Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.

Yes x No ¨

State the number of shares outstanding of each of the issuer’s classes of common equity, as of May 24, 2010: 1,174,000 shares of common stock.

EQUITY VENTURES GROUP, INC.

FORM 10-Q

March 31, 2010

INDEX

PART I--FINANCIAL INFORMATION

Item 1.	Financial Statements	1
Item 2.	Management’s Discussion and Analysis of Financial Condition	10
Item 3	Quantitative and Qualitative Disclosures About Market Risk	13
Item 4T.	Control and Procedures	13

PART II--	OTHER INFORMATION

Item 1	Legal Proceedings	14
Item 1A	Risk Factors	14
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	14
Item 3.	Defaults Upon Senior Securities	14
Item 4.	Removed & Reserved	14
Item 5.	Other Information	14
Item 6.	Exhibits	14

SIGNATURE

EQUITY VENTURES GROUP, INC.

(A DEVELOPMENT STAGE COMPANY)

CONTENTS

PAGE	1	CONDENSED BALANCE SHEETS AS OF MARCH 31, 2010 (UNAUDITED) AND DECEMBER 31, 2009

PAGE	2	CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2010 AND 2009 AND FOR THE PERIOD FROM DECEMBER 17, 1999 (INCEPTION) TO MARCH 31, 2010 (UNAUDITED)

PAGE	3	CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIENCY) FOR THE PERIOD FROM DECEMBER 17, 1999 (INCEPTION) TO MARCH 31, 2010 (UNAUDITED)

PAGE	4	CONDENSED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2010 AND 2009 AND FOR THE PERIOD FROM DECEMBER 17, 1999 (INCEPTION) TO MARCH 31, 2010 (UNAUDITED)

PAGES	5- 9	NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

Equity Ventures Group, Inc.
(A Development Stage Company)
Condensed Balance Sheets


ASSETS


	March 31, 2010			December 31, 2009
	(Unaudited)
Current Assets
Cash	$	4,978		$	5,852
Total Assets	$	4,978		$	5,852

LIABILITIES AND STOCKHOLDERS' EQUITY / (DEFICIENCY)

Current Liabilities
Accounts payable	$	11,956		$	6.878
Total Liabilities		11,956			6,878

Commitments and Contingencies

Stockholders' Equity / (Deficiency)
Preferred stock, $0.001 par value; 10,000,000 shares authorized,
none issued and outstanding		-			-
Common stock, $0.001 par value; 100,000,000 shares authorized,
1,174,000 and 974,000 shares issued and outstanding, respectively		1,174			1,174
Additional paid-in capital		61,121			59,621
Deficit accumulated during the development stage		(69,273	)		(61,821	)
Total Stockholders' Equity / (Deficiency)		(6,978	)		(13,509	)

Total Liabilities and Stockholders' Equity / (Deficiency)	$	4,978		$	5,582

See accompanying notes to condensed unaudited financial statements.

Equity Ventures Group, Inc.
(A Development Stage Company)
Condensed Statements of Operations
(Unaudited)


	For the Three Months Ended March 31,						For the Period from December 17, 1999 (inception) March 31,
	2010			2009			2010

Operating Expenses
Professional fees		5,496			2,216			73,081
General and administrative		1,956			2,229			22,904
Total Operating Expenses		7,452			4,445			95,985

Loss from Operations		(7,452	)		(4,445	)		(95,985	)

Other Income (Expense)
Merger break up fee		-			-			27,600
Interest Expense		-			-			(888	)
Total Other Income (Expense)		-			-			26,712

Provision for Income Taxes		-			-			-

Net Loss	$	(7,452	)	$	(4,445	)	$	(69,273	)

Net Loss Per Share - Basic and Diluted	$	(0.01	)	$	(0.00	)

Weighted average number of shares outstanding
during the period - Basic and Diluted		1,174,000			974,000

See accompanying notes to condensed unaudited financial statements.

Equity Ventures Group, Inc.
(A Development Stage Company)
Condensed Statement of Changes in Stockholders' Equity / (Deficiency)
For the period from December 17, 1999 (inception) to March 31, 2010
(Unaudited)

													Deficit
	Preferred stock $.001 Par Value				Common stock $.001 Par Value						Additional		accumulated during						Total
											paid-in		development			Subscription			Stockholder's
	Shares		Amount		Shares			Amount			capital		stage			Receivable			Deficiency

Balance December 16, 1999 (Inception)		-	$	-		-		$	-		$	-	$	-		$	-		$	-

Common stock issued to founders for cash ($0.001 per share)		-		-		1,000,000			1,000			-		-			-			1,000

In-kind contribution		-		-		-			-			79		-			-			79

Net loss for the period December 17, 1999 (inception to December 31, 1999)		-		-		-			-			-		(79	)		-			(79	)

Balance December 31, 1999		-		-		1,000,000			1,000			79		(79	)		-			1,000

Common stock issued for subscription receivable ($0.001 per share)		-		-		1,500,000			1,500			-		-			(1,500	)		-

In-kind contribution		-		-		-			-			10,079		-			-			10,079

Net loss, 2000		-		-		-			-			-		(11,029	)		-			(11,029	)

Balance December 31, 2000		-		-		2,500,000			2,500			10,158		(11,108	)		(1,500	)		50

In-kind contribution		-		-		-			-			79		-			-			79

Stock subscription cancelled		-		-		(1,500,000	)		(1,500	)		-		-			1,500			-

In-kind contribution of stock		-		-		(200,000	)		(200	)		200		-			-			-

Net loss, 2001		-		-		-			-			-		(129	)		-			(129	)

Balance December 31, 2001		-		-		800,000			800			10,437		(11,237	)		-			-

In-kind contribution		-		-		-			-			79		-			-			79

Net loss, 2002		-		-		-			-			-		(79	)		-			(79	)

Balance December 31, 2002		-		-		800,000			800			10,516		(11,316	)		-			-

Common stock issued for cash ($0.10 per share)		-		-		174,000			174			17,226		-			-			17,400

In-kind contribution		-		-		-			-			79		-			-			79

Net loss, 2003		-		-		-			-			-		(1,094	)		-			(1,094	)

Balance December 31, 2003		-		-		974,000			974			27,821		(12,410	)		-			16,385

In-kind contribution		-		-		-			-			-		-			-			-

Net loss, 2004		-		-		-			-			-		(5,988	)		-			(5,988	)

Balance December 31, 2004		-		-		974,000			974			27,821		(18,398	)		-			10,397

In-kind contribution		-		-		-			-			-		-			-			-

Net loss, 2005		-		-		-			-			-		(8,438	)		-			(8,438	)

Balance, December 31, 2005		-	$	-		974,000		$	974		$	27,821	$	(26,836	)	$	-		$	1,959

Net loss, 2006		-		-		-			-			-		(10,235	)		-			(10,235	)

Balance, December 31, 2006		-		-		974,000			974			27,821		(37,071	)		-			(8,276	)

Net Income, 2007		-		-		-			-			-		8,394			-			8,394

Balance, December 31, 2007		-		-		974,000			974			27,821		(28,677	)		-			118

In-kind contribution		-		-		-			-			6,000		-			-			6,000

Net loss for the year ended December 31 2008		-		-		-			-			-		(19,627	)		-			(19,627	)

Balance, December 31, 2008		-		-		974,000			974			33,821		(48,304	)		-			(13,509	)

Stock issued for cash		-		-		200,000			200			19,800		-			-			20,000

In-kind contribution		-		-		-			-			6,000		-			-			6,000

Net loss for the year ended December 31, 2009		-		-		-			-			-		(13,517	)		-			(13,517	)

Balance, December 31, 2009		-	$	-		1,174,000		$	1,174		$	59,621	$	(61,821	)	$	-		$	(1,026	)

In-kind contribution		-		-		-			-			1,500		-			-			1,500

Net loss for the three months March 31, 2010		-		-		-			-			-		(7,452	)		-			(7,452	)

Balance, March 31, 2010		-		-		1,174,000			1,174			61,121		(69,273	)		-			(6,978	)

See accompanying notes to condensed unaudited financial statements.

Equity Ventures Group, Inc.
(A Development Stage Company)
Condensed Statements of Cash Flows
(Unaudited)


	For the Three Months Ended March 31,						For the Period from December 17, 1999 (inception) to March 31,
	2010			2009			2010
Cash Flows From Operating Activities:
Net Loss	$	(7,452	)	$	(4,445	)	$	(69,273	)
Adjustments to reconcile net loss to net cash used in operations
In-kind contribution		1,500			1,500			23,895
Changes in operating assets and liabilities:
Increase in accounts payable		5,078			2,945			11,956
Net Cash Used In Operating Activities		(874	)		-			(33,422	)

Cash Flows From Financing Activities:
Proceeds from stockholders		-			-			15,000
Repayment of stockholder loans		-			-			(15,000	)
Proceeds from issuance of common stock		-			-			38,400
Net Cash Provided by Financing Activities		-			-			38,400

Net Increase / (Decrease) in Cash		(874	)		-			4,978

Cash at Beginning of Period/Year		5,852			-			-

Cash at End of Period/Year	$	4,978		$	-		$	4,978

Supplemental disclosure of cash flow information:

Cash paid for interest	$	-		$	-		$	888
Cash paid for taxes	$	-		$	-		$	-

See accompanying notes to condensed unaudited financial statements.

EQUITY VENTURES GROUP, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF MARCH 31, 2010

(UNAUDITED)

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

(A) Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in The United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information necessary for a comprehensive presentation of financial position and results of operations.

It is management's opinion, however that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statements presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year.

Activities during the development stage include developing the business plan and raising capital.

(B) Use of Estimates

In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates.

For purposes of the cash flow statements, the Company considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents.

(D) Loss Per Share

Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by FASB Accounting Standards Codification Topic 260, “Earnings Per Share.” As of March 31, 2010, and 2009 respectively, there were no common share equivalents outstanding.

EQUITY VENTURES GROUP, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF MARCH 31, 2010

(UNAUDITED)

(E) Income Taxes

The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

(F) Business Segments

The Company operates in one segment and therefore segment information is not presented.

(G) Revenue Recognition

The Company recognized revenue on arrangements in accordance with FASB Codification Topic 605, “Revenue Recognition” (“ASC Topic 605”). Under ASC Topic 605, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured.

(H) Reclassification

Certain amounts from prior period have been reclassified to conform to the current period presentation.

(I) Fair Value of Financial Instruments

The carrying amounts of the Company’s financial instruments including accounts payable approximate their fair value due to relatively short period to maturity for these instruments.

(J) Recent Accounting Pronouncements

In October 2009, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standard Update (“ASU”) No. 2009-13, which addresses the accounting for multiple-deliverable arrangements to enable vendors to account for products or services separately rather than as a combined unit and modifies the manner in which the transaction consideration is allocated across the separately identified deliverables. The ASU significantly expands the disclosure requirements for multiple-deliverable revenue arrangements. The ASU will be effective for the first annual reporting period beginning on or after June 15, 2010, and may be applied retrospectively for all periods presented or prospectively to arrangements entered into or materially modified after the adoption date. Early adoption is permitted, provided that the guidance is retroactively applied to the beginning of the year of adoption. The Company does not expect the adoption of ASU No. 2009-13 to have any effect on its financial statements upon its required adoption on January 1, 2011.

EQUITY VENTURES GROUP, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF MARCH 31, 2010

(UNAUDITED)

NOTE 2 STOCKHOLDERS’ EQUITY/(DEFICIENCY)

(A) Common Stock Issued for Cash

On August 27, 2009, the Company issued 200,000 shares of common stock for cash of $20,000 ($0.10 per share).

On December 17, 1999, the Company issued 1,000,000 shares of common stock to its founders for cash of $1,000 ($0.001 per share).

During 2003, the Company issued 174,000 shares of common stock for cash of $17,400 ($0.10 per share).

(B) Common Stock Issued for Subscription Receivable

During 2000, the Company issued 1,500,000 shares of common stock for a subscription receivable of $1,500 ($0.001 per share). During 2001, the Company cancelled the shares for non-payment of the subscription receivable.

During 2001, a stockholder of the Company returned 200,000 shares of common stock to the Company.

(D) In-Kind Contribution

For the three months ended March 31, 2010, the Company recorded additional paid-in capital of $1,500 for the fair value of services provided to the Company by its president.

EQUITY VENTURES GROUP, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF MARCH 31, 2010

(UNAUDITED)

For the year ended December 31, 2009, the Company recorded additional paid-in capital of $6,000 for the fair value of services provided to the Company by its president.

During 2003, 2002, 2001, 2000 and 1999, the stockholder of the Company paid $79, $79, $79, $10,079 and $79, respectively, of operating expenses on behalf of the Company (See Note 3).

For the year ended December 31, 2008 the Company recorded additional paid-in capital of $6,000 for the fair value of services provided to the Company by its president.

(E) Amendment to Articles of Incorporation

During 2003, the Company amended its Articles of Incorporation to provide for an increase in its authorized share capital. The authorized capital stock increased to 100,000,000 common shares at a par value of $0.001 per share, and 10,000,000 preferred shares at a par value of $0.001 with class and series designations, voting rights, and relative rights and preferences to be determined by the Board of Directors of the Company from time to time.

NOTE 3 RELATED PARTY TRANSACTIONS

For the three months ended March 31, 2010, the Company recorded additional paid-in capital of $1,500 for the fair value of services provided to the Company by its president (See Note 2(D)).

For the year ended December 31, 2009, the Company recorded additional paid-in capital of $6,000 for the fair value of services provided to the Company by its president (See Note 2(D)).

For the year ended December 31, 2008, the Company recorded additional paid-in capital of $6,000 for the fair value of services provided to the Company by its president (See Note 2 (D)).

A stockholder of the Company paid $10,395 of expenses on behalf of the Company from inception (See Note 2 (D)).

On June 27, 2007, the Company received $5,000 from a principal stockholder. Pursuant to the terms of the loan, the advance bears interest at 7%, is unsecured and matures on June 27, 2008.

EQUITY VENTURES GROUP, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF MARCH 31, 2010

(UNAUDITED)

During 2006, the Company received $10,000 from a principal stockholder. Pursuant to the terms of the loan, the advance bears interest at 7%, is unsecured and matures on August 2, 2007.

On November 13, 2007 the $15,000 loan plus $888 of accrued interest was repaid.

NOTE 4 LETTER OF INTENT

On January 31, 2009 the Company entered into a non-binding letter of intent with GHG Trading Platforms Inc. On March 25, 2009, the Company, entered into a stock purchase agreement and share exchange agreement with GHG Trading Platforms, Inc. The Company will receive $20,000 of cash in connection with the sale in exchange for 90% of Company’s total issued and outstanding shares. The Company received $5,000 on April 16, 2009 and $2,600 on May 20, 2009. As of December 31, 2009, the letter of intent has expired and the company recorded $7,600 as other income..

On November 4, 2007, the Company entered into a non-binding letter of intent with USASIA. Pursuant to the letter of intent, the Company received a $20,000 deposit in consideration for exclusivity on this transaction. Such deposit became non-refundable after the due diligence period ended on November 9, 2007. The parties were required to enter into a definitive agreement no later than November 9, 2007. The parties did not enter into a definitive agreement by such date and to date no agreement has been reached. The Company retained the non-refundable deposit in accordance with the letter of intent.

NOTE 5 GOING CONCERN

As reflected in the accompanying financial statements, the Company is in the development stage with no operations, has a net loss of $69,273 for the period from December 17, 1999 (inception) to March 31, 2010, a working capital and stockholders’ deficiency of $6,978 and has a negative cash flow from operations of $33,422 from inception. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

We have no full time employees. Our president has agreed to allocate a portion of her time to the activities of the Company, without compensation. The president anticipates that our business plan can be implemented by her devoting no more than 10 hours per month to the business affairs of the Company and, consequently, conflicts of interest may arise with respect to the limited time commitment by such officer.

Our Certificate of Incorporation provides that we may indemnify our officers and/or directors for liabilities, which can include liabilities arising under the securities laws. Therefore, our assets could be used or attached to satisfy any liabilities subject to such indemnification.

Results of Operation

We did not have any operating income from inception through March 31, 2010. From inception through the period ended March 31, 2010, we recognized a net loss from operations of $69,273. For the three months ended March 31, 2010, we recognized a net loss from operations of $7,452. Expenses for the three months were comprised of costs mainly associated with legal, accounting and office.

On January 31, 2009 the Company entered into a non-binding letter of intent with GHG Trading Platforms. On March 25, 2009, the Company, entered into a stock purchase agreement and share exchange agreement with GHG Trading Platforms, Inc. The Company will receive $20,000 of cash in connection with the sale in exchange for 90% of Company’s total issued and outstanding shares. The Company received $5,000 on April 16, 2009 and $2,600 on May 20, 2009. As of June 30, 2009, the terms of the agreement were not met and the transaction did not occur. The Company retained the non-refundable deposits in accordance with the agreement.

On November 4, 2007, we entered into a non-binding letter of intent with USASIA. Pursuant to the letter of intent, we received a $20,000 deposit in consideration for exclusivity on this transaction. Such deposit became non-refundable after the due diligence period ended on November 9, 2007. The parties were required to enter into a definitive agreement no later than November 9, 2007. The parties did not enter into a definitive agreement by such date and to date no agreement has been reached. We retained the non-refundable deposit in accordance with the letter of intent.

Liquidity and Capital Resources

At March 31, 2010, we had cash balance of $11,978. Therefore we have limited capital resources and will rely upon the issuance of common stock and additional capital contributions from shareholders to fund administrative expenses pending acquisition of an operating company. In the event such efforts are unsuccessful, contingent plans have been arranged to provide that our current director is to fund required future filings under the 1934 Act, and existing shareholders have expressed an interest in additional funding if necessary to continue as a going concern.

We currently do not have enough cash to satisfy our minimum cash requirements for the next twelve months. As reflected in the accompanying financial statements, we are in the development stage with limited operations. This raises substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to raise additional capital. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

Plan of Operation

Due to the fact that the Company has limited funds, it may be necessary for the sole officer and director to either advance funds to the Company or to accrue expenses until such time as a successful business consolidation can be made. The Company will not make it a condition that the target company must repay funds advanced by its officers and directors. Management intends to hold expenses to a minimum and to obtain services on a contingency basis when possible. However, if the Company engages outside advisors or consultants in its search for business opportunities, it may be necessary for the Company to attempt to raise additional funds. As of the date hereof, the Company has not made any arrangements or definitive agreements to use outside advisors or consultants or to raise any capital. In the event the Company does need to raise capital most likely the only method available to the Company would be the private sale of its securities. Because of the nature of the Company as a development stage company, it is unlikely that it could make a public sale of securities or be able to borrow any significant sum from either a commercial or private lender. There can be no assurance that the Company will able to obtain additional funding when and if needed, or that such funding, if available, can be obtained on terms acceptable to the Company.

The Company does not intend to use any employees, with the possible exception of part-time clerical assistance on an as-needed basis. Outside advisors or consultants will be used only if they can be obtained for minimal cost or on a deferred payment basis. Management is convinced that it will be able to operate in this manner and to continue its search for business opportunities during the next twelve months.

Critical Accounting Policies

Equity Ventures’ financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (“GAAP”). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use of estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.

Our significant accounting policies are summarized in Note 1 of our financial statements. While all these significant accounting policies impact its financial condition and results of operations, Equity Ventures views certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on Equity Ventures’ financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our result of operations, financial position or liquidity for the periods presented in this report.

Recent Accounting Pronouncements

In May 2009, the FASB issued FASB Accounting Standards Codification No. 855, Subsequent Events. FASB Accounting Standards Codification No. 855 establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. FASB Accounting Standards Codification No. 855 sets forth (1) the period after the balance sheet date during which management of a reporting entity should evaluate events or transactions that may occur for potential recognition or disclosure in the financial statements, (2) he circumstances under which an entity should recognize events or transactions occurring after the balance sheet date in its financial statements and (3) the disclosures that an entity should make about events or transactions that occurred after the balance sheet date. FASB Accounting Standards Codification No. 855 is effective for interim or annual financial periods ending after September 15, 2009. The adoption of this FASB Accounting Standards Codification No. 855 did not have a material effect on the Company’s financial statements.

In June 2009, the FASB issued FASB Accounting Standards Codification No. 860, Transfers and Servicing. FASB Accounting Standards Codification No. 860 improves the relevance, representational faithfulness, and comparability of the information that a reporting entity provides in its financial statements about a transfer of financial assets; the effects of a transfer on its financial position, financial performance, and cash flows; and a transferor’s continuing involvement, if any, in transferred financial assets. FASB Accounting Standards Codification No. 860 is effective as of the beginning of each reporting entity’s first annual reporting period that begins after November 15, 2009, for interim periods within that first annual reporting period and for interim and annual reporting periods thereafter. The adoption of FASB Accounting Standards Codification No. 860 did not have a marginal effect on the Company’s financial statements.

In June 2009, the FASB issued FASB Accounting Standards Codification No. 810, Consolidation. FASB Accounting Standards Codification No. 810 improves financial reporting by enterprises involved with variable interest entities. FASB Accounting Standards Codification No. 810 is effective as of the beginning of each reporting entity’s first annual reporting period that begins after November 15, 2009, for interim periods within that first annual reporting period, and for interim and annual reporting periods thereafter. The Company is evaluating the impact the adoption of FASB Accounting Standards Codification No. 810 will have on its financial statements.

Off Balance Sheet Transactions

None.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not required for smaller reporting companies.

Item 4T. Controls and Procedures

a) Evaluation of Disclosure Controls. Colette Kim, our Chief Executive Officer and Principal Accounting Officer, evaluated the effectiveness of our disclosure controls and procedures as of the end of our first fiscal quarter 2010 pursuant to Rule 13a-15(b) of the Securities and Exchange Act. Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file under the Exchange Act is accumulated and communicated to our management, as appropriate to allow timely decisions regarding required disclosure. Based on their evaluations, Colette Kim concluded that our disclosure controls and procedures were effective as of March 31, 2010.

It should be noted that any system of controls, however well designed and operated, can provide only reasonable, and not absolute, assurance that the objectives of the system are met. In addition, the design of any control system is based in part upon certain assumptions about the likelihood of future events. Because of these and other inherent limitations of control systems, there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions

(b) Changes in internal control over financial reporting. There have been no changes in our internal control over financial reporting that occurred during the last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. Our management team will continue to evaluate our internal control over financial reporting in 2010 as we implement our Sarbanes Oxley Act testing.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

Currently we are not aware of any litigation pending or threatened by or against the Company.

Item 1A. Risk Factors

None.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities.

None

Item 4. (Removed & Reserved).

None.

Item 5. Other Information.

None

Item 6. Exhibits

(a) Exhibits

31.1 Certifications pursuant to Section 302 of Sarbanes Oxley Act of 2002

32.1 Certifications pursuant to Section 906 of Sarbanes Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	EQUITY VENTURES GROUP, INC.

Date: May 28, 2010	By:	/s/ Colette Kim
		Colette Kim
		President, Secretary and Director

EQUITY VENTURES GROUP, INC. 10-Q