10QSB

                         U.S. SECURITIES AND EXCHANGE COMMISSION
                                  Washington, D.C. 20549

                                        FORM 10-QSB

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2003

                                            OR

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


                              COMMISSION FILE NUMBER: 0-29113


                            POINT GROUP HOLDINGS, INCORPORATED
                    (Exact name of registrant as specified in its charter)

              Nevada                                         54-1838089
(State or jurisdiction of  incorporation                  (I.R.S. Employer
            or organization)                              Identification No.)

    3744 Poe Street, San Diego, California                        92107
   (Address of principal executive offices)                    (Zip Code)

                   Registrant's telephone number:  (619) 269-8692

         Securities registered pursuant to Section 12(b) of the Act: None

       Securities registered pursuant to Section 12(g) of the Act: Common
                           Stock, $0.001 Par Value

     Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the Registrant was required to file such reports),
and (2) been subject to such filing requirements for the past 90 days.
Yes     X        No           .

     As of September 30, 2003, the Registrant had 329,071,449 shares
of common stock issued and outstanding.

     Transitional Small Business Disclosure Format (check one): Yes    No X .

                                   TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION                                             PAGE

     ITEM 1.  FINANCIAL STATEMENTS

              CONSOLIDATED BALANCE SHEET AS OF
              SEPTEMBER 30, 2003                                              3

              CONSOLIDATED STATEMENTS OF OPERATIONS
              FOR THE THREE AND NINE MONTHS ENDED
              SEPTEMBER 30, 2003 AND SEPTEMBER 30, 2002                       4

              CONSOLIDATED STATEMENTS OF CASH FLOWS
              FOR THE NINE MONTHS ENDED
              SEPTEMBER 30, 2003 AND SEPTEMBER 30, 2002                       5

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                      6

     ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
              FINANCIAL CONDITION AND RESULTS OF OPERATIONS                   9

     ITEM 3.  CONTROLS AND PROCEDURES                                        14

PART II - OTHER INFORMATION

     ITEM 1.  LEGAL PROCEEDINGS                                              14

     ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS                      14

     ITEM 3.  DEFAULTS UPON SENIOR SECURITIES                                15

     ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS            15

     ITEM 5.  OTHER INFORMATION                                              15

     ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K                               15

SIGNATURE                                                                    15

PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCAL STATEMENTS.

                        POINT GROUP HOLDINGS, INCORPORATED
                             CONSOLIDATED BALANCE SHEET
                                 SEPTEMBER 30, 2003
                                    (Unaudited)

                                       ASSETS

Current assets:
Cash and equivalents                                               $    7,974
Accounts receivable                                                    63,002
Inventory                                                              81,636
Total current assets                                                  152,612

Fixed assets, net                                                       6,385

Other assets                                                            8,126
                                                                   $  167,123

                    LIABILITIES AND STOCKHOLDERS' (DEFICIT)

Current liabilities:
Accounts payable and accrued expenses                                 962,355
Notes payable                                                         373,418
Other liabilities                                                      62,533
Total current liabilities                                           1,398,306

Stockholders' (deficit):
Preferred stock, authorized 500,000 shares;
no shares issued and outstanding                                            -
Common stock, $0.001 par value, 500,000,000 shares
authorized, 329,071,449 shares issued and outstanding                 329,071
Additional paid-in capital                                          6,798,732
Stocks payable                                                         39,200
Deferred compensation                                                 (10,500)
Retained (deficit)                                                 (8,387,686)

                                                                   (1,231,183)

                                                                   $  167,123

            See accompanying notes to consolidated financial statements


                          POINT GROUP HOLDINGS, INCORPORATED
                         CONSOLIDATED STATEMENTS OF OPERATIONS
                                      (Unaudited)




                                            For the Three Months Ended          For the Nine Months Ended
                                                  September 30,                      September 30,
                                            2003                  2002          2003                 2002
                                                                                     
Revenue                                     $    42,540          $        -     $   121,270      $        -
Cost of revenues                                      -                   -               -               -
                                                 42,540                   -         121,270               -
Expenses
Selling, general and administrative expenses     42,788              25,559          49,061          50,076
Consulting fees                                  25,000                   -          92,575               -
Professional fees                                12,286                   -          13,771               -
Compensation                                     38,965                   -          38,965               -
                                                119,039              25,559         194,372          50,076
Net operating income (loss)                     (76,499)            (25,559)        (73,102)       (50,076)

Other income (expense):
Other expenses                                        -               2,036               -           3,055
Gain from forgiveness of debt                         -                   -         274,432               -
Gain from discontinued operation                      -                   -          16,079               -
Net income (loss)                               (76,499)            (27,595)        217,409        (53,131)

Stockholders' Equity:
Weighted average number of common
shares outstanding - basic and
fully diluted                               306,027,493          64,381,896     305,027,493      51,449,436

Net income (loss) per share -
basic and fully diluted                           (0.00)              (0.00)           0.00          (0.00)

EX-31

EX-31                          Rule 13a-14(a)/15d-14(a) CERTIFICATION

                   RULE 13a-14(a)/15d-14(a) CERTIFICATION

I, John Fleming, certify that:

1.  I have reviewed this quarterly report on Form 10-QSB of Point
Group Holdings, Incorporated;

2.  Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to
the period covered by this report;

3.  Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all
material respects the financial condition, results of operations and
cash flows of the small business issuer as of, and for, the periods
presented in this report;

4.  The small business issuer's other certifying officer(s) and I are
responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e))
[omitted pursuant to extended compliance period] for the small
business issuer and have:

(a) Designed such disclosure controls and procedures, or caused
such disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the
small business issuer, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly
during the period in which this report is being prepared;

(b)  [omitted pursuant to extended compliance period]

(c) Evaluated the effectiveness of the small business issuer's
disclosure controls and procedures and presented in this report
our conclusions about the effectiveness of the disclosure
controls and procedures, as of the end of the period covered by
this report based on such evaluation; and

(d) Disclosed in this report any change in the small business
issuer's internal control over financial reporting that occurred
during the small business issuer's most recent fiscal quarter
(the small business issuer's fourth fiscal quarter in the case of
an annual report) that has materially affected, or is reasonably
likely to materially affect, the small business issuer's internal
control over financial reporting; and

5.  The small business issuer's other certifying officer(s) and I
have disclosed, based on our most recent evaluation of internal
control over financial reporting, to the small business issuer's
auditors and the audit committee of the small business issuer's board
of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting
which are reasonably likely to adversely affect the small
business issuer's ability to record, process, summarize and
report financial information; and

(b) Any fraud, whether or not material, that involves management
or other employees who have a significant role in the small
business issuer's internal control over financial reporting.


Dated: November 18, 2003               By: /s/  John Fleming
                                       John Fleming, President

EX-32

EX-32                                    SECTION 1350 CERTIFICATION

                         SECTION 1350 CERTIFICATION

In connection with the Quarterly Report of Point Group Holdings,
Incorporated ("Company") on Form 10-QSB for the quarter ended
September 30, 2003 as filed with the Securities and Exchange
Commission ("Report"), the undersigned, in the capacity and on the
date indicated below, hereby certifies pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350), that to his
knowledge:

1.  The Report fully complies with the requirements of Section 13(a)
or 15(d) of the Securities Exchange Act of 1934; and

2.  The information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations
of the Company.


Dated: November 18, 2003               By: /s/  John Fleming
                                       John Fleming, President