HLEG.OB

[evgeny05]

Hi
Nice close 
http://www.stockta.com/cgi-bin/analysis.pl?symb=HLEG&num1=2&cobrand=TV&mode=stock
Recent CandleStick Analysis
Very Bullish
Date Candle
Aug-14-2006 Homing Pigeon 

[evgeny05]

Hi
If HLEG will not break 0.075 tomorrow we shall probably see a turn on the north. It is technically looked optimistically, rises 0.05, 0.06, 0.075. 
(Only my opinion)

[evgeny05]

Hi
Parabolic SAR purchase it is not broken 

[evgeny05]

Hi
BUY - IF from http://americanbulls.com/StockPage.asp?CompanyTicker=HLEG&MarketTicker=OTC&TYP=S
Recent CandleStick Analysis
Very Bullish
Date Candle
Aug-17-2006 Bullish Harami 
http://www.stockta.com/cgi-bin/analysis.pl?symb=hleg&num1=2&cobrand=TV

[evgeny05]

Hi
On Friday there was a beautiful closing 

BUY confirmed   from http://americanbulls.com/StockPage.asp?CompanyTicker=HLEG&MarketTicker=OTC&Typ=S

Recent CandleStick Analysis
Very Bullish
http://www.stockta.com/cgi-bin/analysis.pl?symb=hleg&num1=2&cobrand=TV

[evgeny05]

Hi


Three Months Ended        Six Months Ended
                                    June 30,                 June 30,
                                2006        2005         2006        2005
                             (Unaudited) (Unaudited)  (Unaudited) (Unaudited)
                             -----------------------  -----------------------
Net Sales                  $2,490,449  $2,342,125  $ 4,365,217  $  2,788,828
Cost of Sales                  858,877     909,849    1,495,002     1,062,539
                            ----------  ----------   ----------    ----------
Gross Profit                 1,631,572   1,432,276    2,870,215     1,726,289
General and Administrative
expenses
General and administrative
  expenses                   2,163,370   1,638,721    4,100,122     2,440,292
Stock based compensation            -           -            -    24,420,000
Stock issued for consulting
  services                           -     284,301            -    12,646,701
                            ----------  ----------   ----------    ----------
Total General and
Administrative Expenses     2,163,370   1,923,022    4,100,122    39,506,993
                            ----------  ----------   ----------    ----------
Other Income (Expenses)
Interest expense             (234,158)   (514,123)    (609,294)     (784,313)
Interest inc ome                     -      13,333            -        13,333
Derivative adjustment to
  market                       192,520           -      338,683             -
                            ----------  ----------   ----------    ----------
Total Other Expense            (41,638)   (500,790)    (270,611)     (770,980)
                            ----------  ----------   ----------    ----------
Loss From Continuing
Operations                   (573,436)   (991,536)  (1,500,518)  (38,551,684)
Discontinued Operations
Income (Loss) from
  discontinued operations
  (net of tax effect of $0)    (14,669)     61,565       14,745        61,565
(Loss) on disposal of
  operations (net of tax
  effect of $0)                      -           -     (952,085)            -
                            ----------  ----------   ----------    ----------
Loss From Discontinued
  Operations                   (14,669)          -     (937,340)            -
Net Loss                   $  (588,105) $ (929,971) $(2,437,858) $(38,490,119)
                            ==========   =========   ==========   ===========
Earnings (Loss) per share  $     (0.02) $    (0.07) $     (0.05) $      (5.12)
                            ==========   =========   ==========   ===========
Earnings (Loss) Per Share
From Continuing
Operations                $    (0.02) $    (0.07) $     (0.05) $      (5.12)
                            ==========   =========   ==========   ===========
Earnings (Loss) Per Share
From Discontinued
Operations                $         -  $        -  $         -  $          -
                            ==========   =========   ==========   ===========
Weighted Average Number of
Common Shares Outstanding  36,321,428  13,528,730   32,994,324     7,512,136

Six Months Ended
                                                   June 30,
                                               2006          2005
                                           --------------------------
Net Cash Provided by (Used) in Operating
Activities                                  $   16,983  $  (951,624)
                                              ---------   ----------
Cash Flows from Investing Activities
Issuance of note receivable                          -     (400,000)
Purchase of fixed assets                      (273,011)    (217,160)
Purchase of LLC's, net of $74,200
  cash acquired                                       -   (1,325,800)
                                              ---------   ----------
Net Cash Used in Investing Activities         (273,011)  (1,942,960)
                                              ---------   ----------
Cash Flows From Financing Activities
Proceeds from promissory notes                       -    2,927,500
Repayment of notes payable                    (247,100)     (25,000)
Proceeds from notes payable                    500,000       50,000
                                             ----------   ----------
Net Cash Provided by Financing Activities      252,900    2,952,500
                                             ----------   ----------

Net Increase (Decrease) in Cash                  (3,128)      57,916

Cash at Beginning of Period                      29,058       29,058
                                             ----------   ----------
Cash at End of Period                       $    25,930  $    86,974

[evgeny05]

Hi

I remain optimistic with this stock. 10Q was it is told about reduction of administrative charges, sales grow . I do not see the reasons to sell. Only my opinion.

[evgeny05]

Hi

HOLD from http://americanbulls.com/StockPage.asp?CompanyTicker=HLEG&MarketTicker=OTC&Typ=S 

[evgeny05]

Hi

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

                                   FORM 8-K

                                Current Report
                    Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934


      Date of Report (Date of earliest event reported):   August 21, 2006


                      HEADLINERS ENTERTAINMENT GROUP, INC.
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


        Delaware                   0-33145               84-1195628
   ------------------------------------------------------------------------
   (State of Incorporation)    (Commission File        (IRS Employer
                                Number)                 Identification No.)


                 501 Bloomfield Avenue, Montclair, NJ 07042
                 ------------------------------------------
                  (Address of principal executive offices)

                               (973) 233-1233   
                       -----------------------------
                       Registrant's Telephone Number


     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:

[ ]  Written communication pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425).
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12).
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b)).
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c)).


<PAGE>                                   


Item 3.02 Unregistered Sale of Equity Securities

     On August 21, 2006 Headliners sold 10,000,000 shares of common stock
to Michael Barnett for a purchase price of $100,000.  The sale was exempt
pursuant to Section 4(2) of the Act since the sale was not made in a public
offering and was made to an individual who  had access to detailed information
about Headliners and who was acquiring the shares for his own account.  There
were no underwriters.

     Upon completion of the sale, the number of outstanding shares of
Headliners common stock was 62,545,535.


                                 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 hereunto duly authorized.

                                   
                                    HEADLINERS ENTERTAINMENT GROUP, INC.


Dated: August 22, 2006              By: /s/ Eduardo Rodriguez 
                                    ------------------------- 
                                    Eduardo Rodriguez
                                    Chief Executive Officer
</TEXT>
</DOCUMENT>



100 000$ / 10 000 000 shares = 0.01$ 

[evgeny05]

Hi

HLEG: Short Interest DN 100.0% to 0 in Aug 2006

Thursday , August 24, 2006 17:20 ET

According to new short interest data from OTCBB.com, short interest for Headliners Entertainment Group, Incorporated (OTCBB: HLEG) DECREASED 100.0% to 0 shares for the month ended mid-August, 2006.

SYMBOL              JULY          AUGUST          CHANGE       %CHANGE  DAYS/COVER
--------   -------------   -------------   -------------  ------------  ----------
HLEG               5,000               0          -5,000      -100.00%           0
Based on HLEG's 20-day average daily share volume of 1,782,705, it would require approximately 0 day(s) of buying to cover this short interest

[evgeny05]

Hi

[evgeny05]

Hi

[evgeny05]

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

                                 FORM 8-K

                              Current Report
                  Pursuant to Section 13 or 15(d) of the
                      Securities Exchange Act of 1934


    Date of Report (Date of earliest event reported):   August 29, 2006


                     HEADLINERS ENTERTAINMENT GROUP, INC.
            ------------------------------------------------------
            (Exact Name of Registrant as Specified in its Charter)


        Delaware                 0-33145                84-1195628     
---------------------------------------------------------------------------
(State of Incorporation)    (Commission File         (IRS Employer
                              Number)                  Identification No.)


                 501 Bloomfield Avenue, Montclair, NJ 07042
                 ------------------------------------------
                  (Address of principal executive offices)

                              (973) 233-1233   
                      -----------------------------
                      Registrant's Telephone Number


     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:

[ ] Written communication pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425).
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12).
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b)).
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4 )).


<PAGE>


Item 1.02 Termination of a Material Definitive Agreement

     On August 29, 2006, by mutual agreement of Headliners, Rascals
Montclair, Inc., Eduardo Rodriguez and Michael Margolies, the following
agreements were terminated:

     -  Termination of Management Agreement dated August 18, 2006 between
        Headliners Entertainment Group, Inc and Rascals Montclair, Inc.;
        and

     -  Separation Agreement dated August 18, 2006 between Eduardo
        Rodriguez and Headliners Entertainment Group, Inc.

     The Management Agreement pursuant to which Headliners manages the clubs
and restaurant in Montclair will remain in full force and effect, and Mr.
Rodriguez will remain the Chief Executive Officer of Headliners.


                                 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 hereunto duly authorized.

                                HEADLINERS ENTERTAINMENT GROUP, INC.


Dated: August 29, 2006          By: /s/ Eduardo Rodriguez   
                                -------------------------
                                Eduardo Rodriguez
                                Chief Executive Officer

[evgeny05]

Hi
Chart выглядет it is optimistical. (Only my opinion)   

[evgeny05]

Stockguru.com: Morning Updates for Friday, September 1, 2006

Headliners Entertainment Group, Inc. (OTCBB: HLEG) - Thursday's shares went up 15.38% to $0.0090 with a total of 1,480,600 shares traded. On Jun 27, 2006, Headliners Entertainment Group is pleased to announce the signing of a letter of intent to open a new Upscale Martini Lounge and Ultimate Dance Club. This latest venue will be located in the Richmond Power Plant, an entertainment complex in the heart of an upcoming, mixed-use development, "Riverside on the James". Renovations for this 13,000 square foot location will be underway shortly and it is expected to open its doors by years end. The Headliners concept will offer the ultimate high-end lounge and dance experience. With a mix of sound, lighting, and an exciting professional staff, the atmosphere is very next level. There will also be a VIP room that will allow customers to enjoy the music in a more private area. From the greeting at the front door by the host to the server opening the champagne at the VIP tables, every facet will be first class. Customers will be able to enjoy bottle service in the VIP area, along with a private bar and an individual waitress per table. Whether the preference is to come out and dance or just to watch and be seen, the Richmond Power Plant will be the place to be! Ed Rodriguez, CEO and President of Headliners, is very confident and excited stating, "Richmond is another huge step in our expansion process. We have many other new and exciting initiatives planned for 2006 and 2007; all with the goal of expanding our brands and growing our revenues."

Headliners is an entertainment management company that owns and operates 3 Comedy Clubs and 5 Dance Clubs. Headliner's Entertainment owns a library of more than 200 hours of stand up comedy routines performed by today's top entertainers, and it has also starting taping a new Rascals Comedy Hour. Headliners has also entered into contracts with: - MSN Video Downloads; - TVNet wired and wireless digital video download service; - Windows Media; - XM Satellite Radio; XM Comedy; - SmartVideo Technologies, a mobile entertainment service provider that offers fully synched, full-motion audio and video programs to viewers with mobile electronic devices. To find out more about Headliners Entertainment Group Inc. (OTC BB:HLEG.OB), visit our website at www.rascalscomedyclub.com

For a quote and the latest news on this company, please visit: http://www.stockguru.com/profiles/HLEG.php .