SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 10-QSB

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

For the quarter ended June 30, 2006

Commission File Number 0-27609

REGATTA CAPITAL PARTNERS, INC.
-------------------------------
(Exact name of registrant as specified in its charter)

Maryland 20-4550082
- ---------------------------- -------------------
(State or other jurisdiction of IRS Employer
incorporation or organization) Identification No.)

1331 17th Street, Suite 1060, Denver, CO 80202
-------------------------------------------------
(Address of principal executive offices) (Zip Code)

(303) 292-9122
--------------
(Registrant's telephone number, including area code)

MONET ENTERTAINMENT GROUP, LTD.
222 Milwaukee Street, Suite 304, Denver, CO 80206
-------------------------------------------------
(Former name, former address and former fiscal year,
if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) or 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) has been subject to such filing
requirements for the past 90 days. [X] Yes [ ] No

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
PRECEDING FIVE YEARS

Check whether the issuer has filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court. Yes [ ] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS

As of August 12, 2006 the Company had 1,330,512 shares of Common Stock issued
and outstanding.

ITEM 1. FINANCIAL STATEMENTS

Page
----

Condensed Balance Sheet at June 30, 2006 ................................. F-2

Condensed Statements of Operations for the three and six months ended
June 30, 2006 and 2005 .............................................. F-3

Condensed Statements of Cash Flows for the six months ended
June 30, 2006 and 2005 .............................................. F-4

Notes to Condensed Financial Statements .................................. F-5

F-1

MONET ENTERTAINMENT GROUP, LTD.
Condensed Balance Sheet
June 30, 2006
(Unaudited)

Assets
Cash ............................................................. $ 2,309
---------

Total assets .................................. $ 2,309
=========

Liabilities and Shareholders' Deficit

Liabilities:
Accrued expenses ............................................. $ 350
Due to related party (Note 2) ................................ 11,626
---------

Total liabilities ............................. 11,976
---------

Shareholders' deficit:
Common stock ................................................. 28,534
Additional paid-in capital ................................... 106,186
Retained deficit ............................................. (144,387)
---------

Total shareholders' deficit ................... (9,667)
---------

Total liabilities and shareholders' deficit ... $ 2,309
=========

See accompanying notes to condensed financial statements

F-2

MONET ENTERTAINMENT GROUP, LTD.
Condensed Statements of Operations
(Unaudited)

Three months ended Six months ended
June 30, June 30,
-------------------------- --------------------------
2006 2005 2006 2005
----------- ----------- ----------- -----------

Costs and expenses:
General and administrative expenses .. $ 7,321 $ 1,550 $ 12,365 $ 12,161
----------- ----------- ----------- -----------

Total expenses ......... (7,321) (1,550) (12,365) (12,161)

Other income:
Interest income ...................... 7 15 17 32
----------- ----------- ----------- -----------

Loss before
income taxes ......... (7,314) (1,535) (12,348) (12,129)

Income tax provision ................. -- -- -- --
----------- ----------- ----------- -----------

Net loss ............... $ (7,314) $ (1,535) $ (12,348) $ (12,129)
=========== =========== =========== ===========

Basic and diluted (loss) income per share $ (0.00) $ (0.00) $ (0.00) $ (0.00)
=========== =========== =========== ===========

Weighted average common shares outstanding 6,000,000 5,000,000 6,000,000 5,000,000
=========== =========== =========== ===========

See accompanying notes to condensed financial statements

F-3

MONET ENTERTAINMENT GROUP, LTD.
Condensed Statements of Cash flows
(Unaudited)

Six months ended
June 30,
--------------------
2006 2005
-------- --------
Net cash used in
operating activities ............................... $(12,318) $(12,479)
-------- --------

Cash flows from financing activities:
Proceeds from related party advances (Note 2) .... 11,626 10,011
-------- --------

Net cash provided by
financing activities ............................... 11,626 10,011
-------- --------

Net change in cash and
cash equivalents ................... (692) (2,468)

Cash, beginning of period .......................... 3,001 7,112
-------- --------

Cash, end of period ................................ $ 2,309 $ 4,644
======== ========

Supplemental disclosure of cash flow information:
Cash paid during the period for:
Income taxes ..................................... $ -- $ --
======== ========
Interest ......................................... $ -- $ --
======== ========

See accompanying notes to condensed financial statements

F-3

MONET ENTERTAINMENT GROUP, LTD.
Notes to Condensed Financial Statements
(Unaudited)

Note 1: Basis of presentation

The condensed financial statements presented herein have been prepared by the
Company in accordance with the accounting policies in its Form 10-KSB with
financial statements dated December 31, 2005, and should be read in conjunction
with the notes thereto.

In management's opinion, all adjustments (consisting only of normal recurring
adjustments) which are necessary to provide a fair presentation of operating
results for the interim period presented have been made. The results of
operations for the periods presented are not necessarily indicative of the
results to be expected for the year.

Financial data presented herein are unaudited.

Note 2: Related Party Transaction

During the six months ended June 30, 2006, Regatta Capital Ltd., a company owned
by Stephen D. Replin, the chief financial officer of the Company, paid for
certain expenses on behalf of the Company totaling $11,626. At June 30, 2006,
the Company is indebted in the amount of $11,626 to Regatta Capital Ltd.

Note 3: Income taxes

The Company records income taxes in accordance with SFAS No. 109, "Accounting
for Income Taxes". The Company has incurred net operating losses of $12,349
during the six months ended June 30, 2006 resulting in a deferred tax asset,
which was fully allowed for; therefore, the net benefit and expense resulted in
$-0- income taxes.

Note 4: Subsequent events

The Company merged with Regatta Capital Partners, Inc ("RCPI"), a Maryland
corporation, on August 3, 2006, with RCPI the surviving corporation. Under the
merger agreement each ten (10) shares of Monet's common stock were converted
into 2.21833 shares of RCPI common stock.

The Company filed a Proxy Statement - Form PRE 14C with SEC on May 23, 2006
notifying its shareholders of a special meeting to approve the merger. The
Company's shareholders approved the Merger Agreement on June 30, 2006.

The accompanying pro forma balance sheet reflects merger transactions as if they
had occurred at March 31, 2006.

F-5

MONET ENTERTAINMENT GROUP, LTD.
Notes to Condensed Financial Statements
(Unaudited)

The accompanying pro forma statement of operations reflects merger transactions
as if they had occurred at January 31, 2005.

PRO FORMA BALANCE SHEET

Current assets
Cash $ 2,305
---------
Total current assets 2,305
---------

Total assets $ 2,305
=========

Current liabilities
Accrued expenses $ 2,215
Due to Regatta Capital, Ltd 2,440
Account payable , related party 312
---------
Total current liabilities 4,967
---------

Total liabilities 4,967
---------

Stockholders' deficit
Common stock,
issued and outstanding 1,331
Additional paid in capital 133,391
Deficit accumulated during the
development stage (137,384)
---------
Total shareholders deficit (2,662)
---------
Total liabilities and
stockholders' deficit $ 2,305
=========

PRO FORMA STATEMENTS OF OPERATIONS
for the three months ended 31-Mar-06

Operating expenses
Professional fees $ 4,695
Organizational costs 309
Bank charges 2
----------
Total operating expenses 5,006
----------

Net operating loss 5,006
----------

Net loss $ 5,006
==========

Loss per share Nil
==========

Shares outstanding after business
combination 1,331,020
==========

The pro forma information is presented for illustrative purposes only and is not
necessarily indicative of the operating results that would have occurred if the
transaction had been consummated at the beginning of the respective periods, or
the financial position if the transaction had been consummated on March 31,
2006, nor is it necessarily indicative of future operating results or financial
position.

F-6

MONET ENTERTAINMENT GROUP, LTD.
Notes to Condensed Financial Statements
(Unaudited)

A full set of pro forma financial statements was filed with a Proxy Statement -
Form PRE 14C with SEC on May 23, 2006.

Commencing on or about July 25, 2006, the bondholders of Regatta Capital, Ltd.
("RCL") were offered the opportunity to exchange their bonds of RCL for shares
in RCPI on the basis of approximately 1.44 shares in RCPI for each $1 of bond
principal and interest that they hold. If all bondholders convert their bonds to
shares, of which there can be no assurance, there will be a total of
approximately 10,000,000 shares outstanding in RCPI. Of this amount, the
bondholders will own approximately 8,700,000 shares, or approximately 87% of the
issued and outstanding shares, and the existing MONET shareholders will own
approximately 13% of RCPI. It is estimated, but there is no assurance, that RCL,
upon liquidation of its existing notes, real estate owned, and miscellaneous
other assets, will be able to make payments on the bonds in the approximate
amount of $3,880,000, or approximately 65 cents on the dollar. The bond offering
is currently in process as the Company does not have commitments from its
bondholders to exchange at this time, and there can be no assurance that the
bondholders will exchange their bonds for shares of stock of RCPI.

The unaudited pro forma financial information included in this quarterly report
does not reflect the effect of the exchange of bonds for stock. Should the
bondholders in fact exchange their bonds for stock, the pro forma effect would
be to increase the current and non current assets and stockholders' equity of
RCPI by an amount estimated to be approximately $3,880,000, which would also
thereby increase the outstanding common stock from approximately 1,331,000
shares to approximately 10,000,000 shares.

F-7

Item 2. Plan of Operation

Monet Entertainment Group, Ltd., (the "Company") was formed in 1996 in order to
finance the production of low budget feature length motion pictures and a
variety of other entertainment projects including documentaries, video
recordings and musical recordings.

On May 17, 2006, the Company entered into an Agreement and Plan of Merger with
Regatta Capital Partners, Inc., a Maryland corporation. The Agreement and Plan
of Merger was approved by the Company's shareholders on June 30, 2006 and the
merger was completed on August 1, 2006.

The Company shareholders exchanged the 6,000,000 shares of the Company for
approximately 1,331,000 shares of Regatta Capital Partners, Inc. common stock.
The stockholders of the Company, as of August 3, 2006, the closing date of the
Merger, the Company shareholders own approximately 100% of Regatta Capital
Partners, Inc. common stock outstanding as of the closing date and Monet ceased
to exist as a separate corporation. For accounting purposes, this transaction
will be accounted for as a merger. The Company's definitive Information
Statement filed on June 7, 2006 contains the business plan of Regatta Capital
Partners, Inc. and its financial statements as of March 31, 2006 which is
summarized below.

Regatta Capital Ltd., a company controlled and principally owned by Stephen D.
Replin, chief financial officer of the Company has periodically paid for certain
expenses on behalf of the Company. At June 30, 2006, the Company was indebted in
the amount of $11,626 to Regatta Capital Ltd.

Liquidity and Capital Resources

As of June 30, 2006, the Company had total assets of $2,309 in cash and total
liabilities of $11,976. The Company incurred $7,321 and $12,365 in general and
administrative expenses during the three and six month periods ended June 30,
2006, primarily in legal and accounting professional fees in connection with its
SEC filings.

The Business of Regatta Capital Partners, Inc.

Regatta Capital Partners, Inc. was incorporated on March 8, 2006 in the state of
Maryland. It has five directors, James P. Gregory, Stephen D. Replin, Chester
Cedars, Daniel Deters and Glen Zelkind. Its authorized capital is 100,000,000
shares of common stock, par value $.001 per share of which 20 shares are
presently outstanding and are held by James P. Gregory - 10 shares, and Stephen
D. Replin - 10 shares.

Regatta Capital Partners, Inc., was formed to make financing available, on a
fully collateralized basis to businesses that have achieved positive cash flow
objectives, operating history requirements, management in place, and other
objectives and requirements as may be determined by the Board of Directors and
the Management Company from time to time. The initial financing requirements
will be modified over time to reflect the direction determined in the discretion
of the management of the Company.

Regatta Capital Partners, Inc., is newly incorporated and has never conducted
any active operations. The initial operating capital will come from a
transaction whereby certain bonds issues by Regatta Capital, Ltd., a Delaware
corporation controlled by Stephen D. Replin will be acquired in exchange for
shares of Regatta Capital Partners, Inc., Inc. Thereafter, the bonds will be
paid by the issuer Regatta Capital, Ltd, from Regatta Capital, Ltd.'s existing
assets. The current assets of Regatta Capital, Ltd. consist of notes receivable,
shares in Monet Entertainment Group, Ltd., and other assets in the process of
being litigated. It is not expected that the full face amount of the bonds will
be repaid. Regatta Capital Partners, Inc., Inc. expects to realize approximately
65 cents on the dollar for each dollar of principal and accrued interest
represented by the bonds.

Upon receipt of payment on the bonds, Regatta Capital Partners, Inc., Inc. will
commence the review of financing proposals from operating businesses that meet
the criteria determined by management. Review of financing applications will be
conducted by Regatta Capital Management, LLC., a management company, with a view
towards meeting the requirements and conformance with the criteria for financing
approval. In addition, collateral will be reviewed to determine valuation and
adequacy for the loan requested.

Our operations will initially consist of a focus on industries in the
following categories:

1. Franchising organizations;
2. Operating Real Estate companies;
3. Retailing companies;
4. Media companies;
5. Other;

The common factor in each financing request will be the collateral which
serves as the security for the loan. We will establish appropriate "loan to
value" requirements for each category of collateral as each financing request is
received for evaluation.

We intend to concentrate on making loans to companies having annual
revenues of less than $50 million and in transaction sizes of less than $1
million, which we refer to as "target" companies. In most cases, these companies
will be privately-held or will have thinly traded public equity securities at
the time we invest in them.

While early and expansion stage companies are broadly defined, we intend to
protect our investment interests by using asset lending techniques to invest in
asset intensive companies. We will not lend directly to any company with its
principal business exclusively in (1) research and development, (2) natural
resource exploration or (3) speculative trading in commodities.

We will lend to companies in real estate-related activities, some of which
may have relatively short or no operating histories. As the officers and
directors of our manager have had extensive experience in the real estate
finance business, we expect a significant amount of our initial financing
activity to be in the real estate industry.

Item 3. Controls and procedures

The Company maintains disclosure controls and procedures that are designed to
ensure that information required to be disclosed in the Company's Exchange Act
reports is recorded, processed, summarized and reported within the time periods
specified in the SEC's rules and forms, and that such information is accumulated
and communicated to the Company's management, including its Chief Executive
Officer and Chief Financial Officer, as appropriate, to allow timely decisions
regarding required disclosure based closely on the definition of "disclosure
controls and procedures" in Rule 13a-14(c). In designing and evaluating the
disclosure controls and procedures, management recognized that any controls and
procedures, no matter how well designed and operated, can provide only
reasonable assurance of achieving the desired control objectives, and management
necessarily was required to apply its judgment in evaluating the cost-benefit
relationship of possible controls and procedures.

As of the end of the period reported upon, the Company carried out an
evaluation, under the supervision and with the participation of the Company's
management, including the Company's Chief Executive Officer and the Company's
Chief Financial Officer, of the effectiveness of the design and operation of the
Company's disclosure controls and procedures. Based on the foregoing, the
Company's Chief Executive Officer and Chief Financial Officer concluded that the
Company's disclosure controls and procedures were effective.

There have been no significant changes in the Company's internal controls or in
other factors that could significantly affect the internal controls subsequent
to the date the Company completed its evaluation.

PART II

Item 6.

(A) Exhibits

3 Articles and Bylaws(1)
10.1. Agreement and Plan of Merger dated May 17th, 2006 (2)
10.2 Form of Fairness Opinion of Tannenbaum & Co. P.C. regarding Regatta
Capital Ltd. bonds (2)
10.3 Investment Advisory Agreement dated May 17, 2006 (2)
31.1 Sarbanes Oxley Section 302 Certification
31.2 Sarbanes Oxley Section 302 Certification
32.1 Sarbanes Oxley Section 906 Certification
32.2 Sarbanes Oxley Section 906 Certification
99.1 Pro-Forma Financial Statements showing the effect of the merger (2)
99.2 Financial Statements of Regatta Capital Partners, Inc. as of
March 31, 2006 (2)

(1) Incorporated by reference, and as same exhibit number, from the Company's
Registration Statement on Form 10-SB (Commission File Number 0-27609).

(2) Incorporated by reference, and as same exhibit number, from the Company's
Definitive Information Statement filed on June 7, 2006 (Commission File
Number 0-27609).

(B) Reports on Form 8-K

The Company filed no reports on Form 8-K during the quarter ended June 30,
2006.

SIGNATURES

In accordance with Section 13 or 15(a) of the Exchange Act, the Registrant
has caused this Amended Report to be signed on its behalf by the undersigned,
thereunto duly authorized on the 14th day of August 2006.

REGATTA CAPITAL PARTNERS, INC.
Fka MONET ENTERTAINMENT GROUP, LTD.

/s/ James P. Gregory
-----------------------------
James P. Gregory, President,
Chief Executive Officer

/s/ Stephen D. Replin
-----------------------------
Principal Financial Officer