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)