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

FORM 10-QSB

(Mark One)
[x] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the quarterly period ended September 30, 2005

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ___________ to ___________

Commission file number: 000-29087

Datascension, Inc.
--------------------------------------------
(Name of small business issuer in its charter)

Nevada 87-0374623
- ------------------------ --------------
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)

145 S. State College Blvd, Suite 350, Brea, CA 92821
- ----------------------------------------------- ---------
(Address of principal executive offices) (Zip Code)

714-482-9750 (Telephone) 714-482-9751 (Fax)
--------------------------------------------
(Issuer's telephone number)

6330 McLeod Drive, Suite 1, Las Vegas, NV 89120
----------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since last
report)

Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 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.Yes [X] No[ ]

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

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

Check whether the Registrant 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

The Registrant has 17,232,290 outstanding, par value $.001 per share as of
November 21, 2005. The Registrant has 505,900 shares of Preferred Stock Series
B issued and outstanding as of November 21, 2005.

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

TABLE OF CONTENTS

Page No.

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements...................................... 4
Balance Sheet (unaudited)................................. F1
Statements of Operations (unaudited)...................... F2
Statements of Cash Flows (unaudited)...................... F3
Notes to Financial Statements............................. F4-F10

Item 2. Management's Discussion and Analysis of Plan
of Operation............................................. 5

Item 3. Controls and Procedures..................................... 8

PART II. OTHER INFORMATION

Item 1. Legal Proceedings......................................... 8

Item 2. Unregistered Sales of Equity and Use of Proceeds.......... 8

Item 3. Defaults upon Senior Securities........................... 10

Item 4. Submission of Matters to a Vote of Security Holders....... 10

Item 5. Other Information.......................................... 10

Item 6. Exhibits and Reports on Form 8-K........................... 10

Signatures........................................................... 11

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements.

The condensed financial statements of Datascension, Inc., ("DSEN")
included herein have been prepared in accordance with the instructions to
quarterly reports on Form 10-QSB pursuant to the rules and regulations of the
Securities and Exchange Commission. Certain information and footnote data
necessary for fair presentation of financial position and results of operations
in conformity with accounting principles generally accepted in the United
States of America have been condensed or omitted. It is therefore suggested
that these financial statements be read in conjunction with the summary of
significant accounting policies and notes to financial statements included in
DSEN's Annual Report on Form 10-KSB for the year ended December 31, 2004.

In the opinion of management, all adjustments necessary in order to make
the financial position, results of operations and changes in financial position
at September 30, 2005, and for all periods presented not misleading have been
made. The results of operations for the period ended September 30, 2005 are
not necessarily an indication of operating results to be expected for the full
year ending December 31, 2005.

ASSETS

9/30/05 12/31/04
CURRENT ASSETS:
Cash $203,724 $556,593
Accounts receivable 1,519,526 1,533,969
Prepaid expenses 18,810 192,185
Investment in Century Innovations 108,469 108,469
----------- ----------
TOTAL CURRENT ASSETS $1,850,529 $2,391,216

Property and Equipment, net of accumulated
depreciation 995,543 681,346

OTHER ASSETS:
- 1,346,145
Asset held for sale (see notes) - 1,015,014
Website assets, net of amortization 4,520 4,520
Deposits 20,249 25,399
Goodwill 1,692,782 1,692,782
----------- ----------
TOTAL OTHER ASSETS 1,717,551 4,083,860

TOTAL ASSETS $4,563,623 $7,156,422
=========== ==========

LIABILITIES AND STOCKHOLDERS' EQUITY

9/30/05 12/31/04
CURRENT LIABILITIES:
Accounts payable $81,211 $135,533
Accrued expenses 1,383,272 1,390,880
Notes payable, related party 21,000 60,038
Short term notes payable 65,101 121,742
Current portion of long-term notes payable - 116,207
----------- ----------
TOTAL CURRENT LIABILITIES $1,550,584 $1,824,400

LONG-TERM DEBT
Convertible debt, net of current portion 931,970 77,344
Derivative liability 735,921 3,017,222
Warrant liability 507,977 1,785,877
Long-term notes payable, net of current portion 278,178 103,548
----------- ----------
TOTAL LONG-TERM DEBT 2,454,046 4,983,991

TOTAL LIABILITIES 4,004,630 6,808,391

STOCKHOLDERS' EQUITY:
Common stock:
Common stock, $0.001 par value, 200,000,000
shares authorized; 17,232,290 and 16,257,290 shares
issued, 17,111,457 and 16,161,457 outstanding at
September 30, 005 and December 31, 2004, respectively 160,825 159,875
Additional paid-in capital-common stock 11,503,345 11,029,295
Preferred stock Series B:
Preferred stock, $0.001 par value, 10,000,000
shares authorized; 508,500 Series B shares
issued and outstanding at December 31, 2004 506 506
Additional paid-in capital-preferred Series B 481,994 481,994
Subscriptions receivable (475,000) (119,063)
Treasury stock, at cost; 95,833 at December 31, 2004 (134,388) (134,388)
Accumulated deficit (10,978,290) (11,070,189)
----------- ----------
TOTAL STOCKHOLDERS' EQUITY 558,993 348,031
----------- ----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $4,563,623 $7,156,422
=========== ==========

The accompanying notes to the financial statements
should be read in conjunction with the above financial statements.

F-1

FOR THE FOR THE FOR THE FOR THE
3 MONTHS ENDED3 MONTHS ENDED9 MONTHS ENDED9 MONTHS ENDED
9/30/05 9/30/04 9/30/04 9/30/05

REVENUE $2,365,454 $2,101,033 $6,380,488 $6,864,011

COST OF GOODS SOLD 2,127,257 1,663,996 5,091,217 5,718,341
---------- ---------- ---------- ----------

GROSS PROFIT 238,197 437,037 1,289,271 1,145,670

EXPENSES:
Selling, general and administrative $560,697 $371,393 $1,014,082 $1,409,080
Depreciation 44,888 85,646 256,133 131,885
---------- ---------- ---------- ----------
TOTAL EXPENSES 605,585 457,039 1,270,215 1,540,965

OPERATING INCOME (367,388) (20,002) 19,056 (395,295)

OTHER INCOME (EXPENSE):
Interest income 281 61 466 610
Forgiveness of debt - 54,039 54,039 2,962
Other income 3,000 3,250 5,435 6,382
Interest expense (64,671) (20,697) (68,765) (287,242)
Other Income (Expense) from convertible 33,199 - - 2,298,958
Interest (expense) from convertible (176,755) - - (530,645)
Other income - - 2,699 -
---------- ---------- ---------- ----------
TOTAL OTHER INCOME (204,946) 36,653 (6,126) 1,491,025

NET INCOME (LOSS) $(572,334) $16,651 $12,930 $1,095,730

BASIC WEIGHTED AVERAGE NUMBER
OF COMMON SHARES OUTSTANDING 17,207,290 15,944,790 15,510,066 17,099,415

DILUTED WEIGHTED AVERAGE NUMBER
OF COMMON SHARES OUTSTANDING 28,617,290 15,944,790 15,510,066 28,390,550

BASIC NET INCOME PER SHARE $(0.033) $0.001 $0.001 $0.064

DILUTED NET INCOME PER SHARE $(0.020) $0.001 $0.001 $0.039

The accompanying notes to the financial statements
should be read in conjunction with the above financial statements.

F-2

For the 9 months ended
9/30/05 9/30/04

Cash Flows From Operating Activities:
Net income $1,095,730 $12,930
Adjustments to reconcile net income to net
cash provided by operating activities:
Issued for services - 44,000
Depreciation and amortization 131,885 256,132
(Decrease) in asset held for sale 1,015,014 -
Distribution of asset held for sale (1,003,831) -
(Increase) Decrease in accounts receivable 14,443 (212,093)
Increase in inventory - 1,946
Increase in prepaid expenses 173,375 (46,326)
Increase in deposits 5,150 23,492
Decrease in accounts payable (54,322) (49,595)
Decrease in accrued expenses (7,608) 60,629
------------ ---------
Net cash used by operating activities $1,369,836 $91,115

Cash Flows From Investing Activities:
(Increase) Decrease in notes receivable - 167,294
Purchase of property and equipment (446,082) (12,897)
------------ ---------
Net cash used by investing activities (446,082) 154,397

Cash Flows From Financing Activities:
Increase in notes payable 1,782 (341,121)
Increase (Decrease) in related party payable (39,038) -
Increase (Decrease) in convertible debt 854,626 -
Increase (Decrease) in stock subscriptions 119,063 -
Cash in distributed subsidiary 10,661
Issuance of common stock - 100,306
Change in warrant liability (1,277,900) -
Change in derivative liability (2,281,301) -
Change in call option value 1,346,145 -
(Decrease) Increase in line of credit - (3,948)
------------ ---------
Net cash provided by financing activities (1,276,623) (234,102)
------------ ---------
Net Increase in Cash (352,869) 11,410

Balance, Beginning 556,593 122,891
------------ ---------
Balance, Ending $203,724 $134,301
============ =========

Interest Paid $287,242 $68,765
Taxes Paid $- $-

The accompanying notes to the financial statements
should be read in conjunction with the above financial statements.

F-3

DATASCENSION, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1 - HISTORY AND ORGANIZATION OF THE COMPANY

Datascension, Inc. (formerly known as Nutek, Inc.) was incorporated in August
1991 under the laws of the State of Nevada as Nutek, Inc. (the "Company") and
is engaged in the market research industry.

Datascension International, Inc. and related assets were purchased on September
27, 2001 for $2,200,000 using company shares at fair market value. Datascension
International, Inc. is a data solutions company representing a unique expertise
in the collecting, storage, processing, and interpretation of data. During
2002, Datascension International, Inc. expanded operations into Costa Rica.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting
The Company's policy is to prepare the financial statements on the accrual
basis of accounting. The fiscal year end is December 31.

Cash and Cash Equivalents
Cash and cash equivalents consist of highly liquid investments with maturities
of three months or less when purchased.

Net Income Per Share

Basic net income per share is computed using the weighted average number of
shares of common stock outstanding for the period end. The net income (loss)
for the period end is divided by the weighted average number of shares
outstanding for that period to arrive at net income per share.

Diluted net income per share reflects the potential dilution that could occur
if the securities or other contracts to issue common stock were exercised or
converted into common stock.

In the opinion of management, all adjustments necessary in order to make the
financial position, results of operations and changes in financial position at
September 30, 2005, and for all periods resented not misleading have been made.
The results of operations for the period ended September 30, 2005 are not
necessarily an indication of operating results to be expected for the full year
ending December 31, 2005.

F-4

NOTE 3 - PROPERTY AND EQUIPMENT

Property and equipment are made up of the following as of September 30, 2005:

Equipment and machinery $ 472,500
Office equipment 1,068,138
Leasehold improvements 9,959
Accumulated depreciation (555,053)
-------------
$ 995,543

The company purchased predictive dialers for a total cost of $125,000 during
the three months ended June 30, 2005.

NOTE 4 - NOTES PAYABLE

NOTES PAYABLE - $200,000, MAY 2005

On May 18, 2005, the company received $200,000 in the form of a promissory note
at 12% per year. The note does not specify a term for when it is due.

NOTES PAYABLE - $1,875,000, NOVEMBER 2004

In November 2004, the Company issued $1,875,000 in principal amount of Notes to
third parties. As part of the financing transaction, the Company issued
warrants to purchase 3,125,000 shares of common stock at a per share purchase
price of $0.30 per share.

The Notes accrue interest at a rate of prime + 3% per annum. The Notes are due
and payable in November 2007. The convertible note and warrant documents were
filed in an 8-K by the Company on November 23, 2004. The Note was entered into
pursuant to the terms of a subscription agreement between the Company and the
Holder, which was also included in the 8-K filed on November 23, 2004.

Interest payable on this Note shall accrue at the "prime rate" published in The
Wall Street Journal from time to time, plus three percent (3%). The interest
rate shall be increased or decreased as the case may be for each increase or
decrease in the prime rate in an amount equal to such increase or decrease in
the prime rate; each change to be effective as of the day of the change in such
rate. The Interest Rate shall not be less than eight percent (8%). Interest
shall be calculated on the basis of a 360 day year. Interest on the Principal
Amount shall be payable monthly, in arrears, commencing the first day of the
month after 120 days from the closing and on the first day of each consecutive
calendar month thereafter (each, a "Repayment Date") and on the Maturity Date,
whether by acceleration or otherwise.

Amortizing payments of the outstanding Principal Amount of this Note shall
commence on the first (1st) Repayment Date and shall recur on each succeeding
Repayment Date thereafter until the Principal Amount has been repaid in full,
whether by the payment of cash or by the conversion of such principal into
Common Stock pursuant to the terms of the note. On each Repayment Date, the
Company should make payments to the Holder in the amount of one- thirty-second
(1/32nd) of the initial Principal Amount (the "Monthly Principal Amount"),
together with any accrued and unpaid interest then due on such portion of the
Principal Amount plus any and all other amounts which are then owing under this
Note that have not been paid (the Monthly Principal Amount, together with such
accrued and unpaid interest and such other amounts, collectively, the "Monthly
Amount"). Any Principal Amount that remains outstanding on the Maturity Date
shall be due and payable on the Maturity Date.

Following the occurrence and during the continuance of an Event of Default (as
discussed in the Note), the annual interest rate on the Note shall
automatically be increased by two percent (2%) per month, and all outstanding
obligations under this Note, including unpaid interest, shall continue to
accrue interest from the date of such Event of Default at such interest rate
applicable to such obligations until such Event of Default is cured or waived.

F-5

The Holder shall convert into shares of Common Stock all at the Fixed
Conversion Price or the maximum portion of the Monthly Amount due on each
Repayment Date provided that the average closing price of the Common Stock as
reported by Bloomberg, L.P. on the Principal Market (as defined below) for the
twenty (20) consecutive trading days immediately preceding such Repayment Date
shall be greater than or equal to 15% above the Fixed Conversion Price
("Conversion Criterion"). The Monthly Amount due on a Repayment Date that the
Holder has not been able to convert into shares of Common Stock due to failure
to meet the Conversion Criterion shall be paid by the Borrower at the
Borrower's election (i) in cash at the rate of 104% of such Monthly Amount
otherwise due on such Repayment Date within three (3) business days of the
applicable Repayment Date, or (ii) in registered, unlegended, free- trading
Common Stock at an applied conversion rate equal to eighty-five percent (85%)
of the average of the five (5) lowest closing bid prices of the Common Stock as
reported by Bloomberg L.P. for the twenty (20) trading days preceding such
Repayment Date.

Call Option - The Company will have the option of prepaying the outstanding
Principal Amount ("Optional Redemption"), in whole or in part, by paying to the
Holder a sum of money equal to one hundred twenty percent (120%) of the
Principal Amount to be redeemed, together with accrued but unpaid interest
thereon

Holder's Conversion Rights. The Holder shall have the right, but not the
obligation, to convert all or any portion of the then aggregate outstanding
Principal Amount of this Note, together with interest and fees due hereon, into
shares of Common Stock.

The $1,875,000 in proceeds from the financing transaction were allocated to the
conversion option, call option and to the warrants based upon their fair
values. After the latter allocations, there was no remaining value to be
allocated to the Note on the financial statements. The company took a charge to
interest expense for $330,398 related to the amount of the liabilities over the
proceeds from the debt.

The debt discount is being accreted using the effective interest method over
the term of the note.

The value of the discount on the converted notes on the books is being accreted
over the term of the note (three years). For the years ended December 31, 2004
and 2003, the Company accreted $58,594 and $0, respectively, of debt discount
related to the Notes. For the nine months ended September 30, 2005, the Company
accreted $510,074 of the debt discount related to the Notes.

WARRANTS ISSUED

The estimated fair value of the 3,125,000 warrants at issuance (11/11/2004) was
$936,714 and has been classified as a derivative instrument and recorded as a
liability on the Company's balance sheet in accordance with current
authoritative guidance. The estimated fair value of the warrants was determined
using the Black-Scholes option-pricing model. The model uses several
assumptions including: historical stock price volatility, risk-free interest
rate, remaining maturity, and the closing price of the Company's common stock
to determine estimated fair value of the derivative liability. In valuing the
warrants at December 31, 2004, the company used the closing price of $0.65 and
the exercise price of $0.30. In accordance with the provisions of SFAS No. 133,
Accounting for Derivative Instruments, the Company is required to adjust the
carrying value of the instrument to its fair value at each balance sheet date
and recognize any change since the prior balance sheet date as a component of
Other Income (Expense). The warrant derivative liability at December 31, 2004,
had increased to a fair value of $1,785,877, due in part to an increase in the
market value of the Company's common stock to $0.65 from $0.40 at issuance,
which resulted in an "other expense" item of $849,163 on the Company's books.
For the nine months ended September 30, 2005, the warrant derivative liability
had decreased to a value of $474,525, due in part to a decrease in the market
value of the Company's common stock to $0.40 from $0.65 at December 31, 2004,
which resulted in an "other income" item of $1,311,352 for the nine months
ended September 30, 2005.

The recorded value of such warrants can fluctuate significantly based on
fluctuations in the market value of the underlying securities of the issuer of
the warrants.

In accordance with Statement of Financial Accounting Standards No. 133,
"Accounting for Derivative Instruments and Hedging Activities," as amended
("SFAS 133"), the holder's conversion right provision (collectively, the
features) contained in the terms governing the Notes are not clearly and
closely related to the characteristics of the Notes. Accordingly, the features
qualified as embedded derivative instruments at issuance and, because they do
not qualify for any scope exception within SFAS 133, they were required by SFAS
133 to be accounted for separately from the debt instrument and recorded as
derivative financial instruments.

F-6

HOLDER'S CONVERSION RIGHT

Pursuant to the terms of the Notes, these notes are convertible at the option
of the holder, at anytime on or prior to maturity. The holder's conversion
right represents an embedded derivative that is required to be accounted for
apart from the underlying Notes. At issuance of the Notes (11/11/2004), the
holder's conversion right had an estimated initial fair value of $1,409,649,
which was recorded as a discount to the Notes and a derivative liability on the
consolidated balance sheet. In subsequent periods, if the price of the security
changes, the embedded derivative financial instrument related to the holder's
conversion right will be adjusted to fair value with the corresponding charge
or credit to other expense or income. The estimated fair value of the holder's
conversion right was determined using the Black-Scholes option-pricing model.
The model uses several assumptions including: historical stock price
volatility, risk-free interest rate, remaining maturity, and the closing price
of the Company's common stock to determine estimated fair value of the
derivative liability. In valuing the holder's conversion right at December 31,
2004, the company used the closing price of $0.65 and the exercise price of
$0.30. For the year ended December 31, 2004, due in part to an increase in the
market value of the Company's common stock to $0.65 from $0.40 at issuance, the
Company recorded an "other expense" on the consolidated statement of operations
for the change in fair value of the holder's conversion right of approximately
$1,607,573. At December 31, 2004, the estimated fair value of the holder's
conversion right was approximately $3,017,222. For the nine months ended
September 30, 2005, the estimated value of the holder's conversion right
decreased to $723,903, thus the company recorded an "other income" item on the
consolidated statement of operations for the change in fair value of the
holder's conversion right of $2,293,319 for the nine months ended September 30,
2005.

The recorded value of the holder's conversion right related to the Notes can
fluctuate significantly based on fluctuations in the fair value of the
Company's common stock.

COMPANY'S CALL OPTION ON DEBT

Pursuant to the terms of the Notes, the Company has the option of prepaying the
outstanding Principal Amount in whole or in part, by paying to the Holder a sum
of money equal to one hundred twenty percent (120%) of the Principal Amount to
be redeemed, together with accrued but unpaid interest thereon and any and all
other sums due.

The company's call option represents an embedded derivative that is required to
be accounted for apart from the underlying Notes. At issuance of the Notes
(11/11/2004), the company's call option had an estimated initial fair value of
$140,965, which was recorded as a asset on the consolidated balance sheet. In
subsequent periods, if the price of the security changes, the embedded
derivative financial instrument related to the company's call option will be
adjusted to fair value with the corresponding charge or credit to other expense
or income. The estimated fair value of the holder's conversion right was
determined using the Black-Scholes option-pricing model. The model uses several
assumptions including: historical stock price volatility, risk-free interest
rate, remaining maturity, and the closing price of the Company's common stock
to determine estimated fair value of the derivative asset. In valuing the
holder's conversion right at December 31, 2004, the company used the closing
price of $0.65 and the exercise price of $0.30. For the year ended December 31,
2004, due in part to an increase in the market value of the Company's common
stock to $0.65 from $0.40 at issuance, the Company recorded an "other income"
item on the consolidated statement of operations for the change in fair value
of the company's call option of approximately $1,205,180. At December 31, 2004,
the estimated fair value of the company's call option was approximately
$1,346,145. For the nine months ended September 30, 2005, the estimated value
of the company's call option decreased to $0, thus the company recorded an
"other expense" item on the consolidated statement of operations for the change
in fair value of the company's call option of $1,346,145 for the nine months
ended September 30, 2005.

The recorded value of the company's call option related to the Notes can
fluctuate significantly based on fluctuations in the fair value of the
Company's common stock.

NOTES PAYABLE - $125,000, MARCH 2005

In March 2005, the Company issued $125,000 in principal amount of Notes to
third parties. As part of the financing transaction, the Company issued
warrants to purchase 300,000 shares of common stock at a per share purchase
price of $0.50 per share. The Warrants shall be exercisable until five (5)
years after the Issue Date of the Warrants.

The Notes accrue interest at a rate 12% per annum. The Notes are due and
payable in March 2007.

Interest shall be calculated on the basis of a 360 day year. Interest on the
Principal Amount shall be payable monthly, in arrears, commencing the first day
of the month after 120 days from the closing and on the first day of each
consecutive calendar month thereafter (each, a "Repayment Date") and on the
Maturity Date, whether by acceleration or otherwise.

The $125,000 in proceeds from the financing transaction were allocated to the
conversion option, call option and to the warrants based upon their fair
values. After the latter allocations, the company allocated $39,098 to the
carrying value of the debt. That debt discount is being accreted using the
effective interest method over the term of the note.

The value of the discount on the converted notes on the books is being accreted
over the term of the note (three years). For the nine months ended September
30, 2005, the Company accreted $20,571 of the debt discount related to the
Notes.

F-7

WARRANTS ISSUED

The estimated fair value of the 300,000 warrants at issuance (3/31/2005) was
$56,785 and has been classified as a derivative instrument and recorded as a
liability on the Company's balance sheet in accordance with current
authoritative guidance. The estimated fair value of the warrants was determined
using the Black-Scholes option-pricing model. The model uses several
assumptions including: historical stock price volatility, risk-free interest
rate, remaining maturity, and the closing price of the Company's common stock
to determine estimated fair value of the derivative liability. In valuing the
warrants at March 31, 2005, the company used the closing price of $0.50 and the
exercise price of $0.50. In accordance with the provisions of SFAS No. 133,
Accounting for Derivative Instruments, the Company is required to adjust the
carrying value of the instrument to its fair value at each balance sheet date
and recognize any change since the prior balance sheet date as a component of
Other Income (Expense). For the nine months ended September 30, 2005, the
warrant derivative liability had decreased to a value of $33,452, due in part
to a decrease in the market value of the Company's common stock to $0.32 from
$0.50 at March 31, 2005, which resulted in an "other income" item of $23,333.

The recorded value of such warrants can fluctuate significantly based on
fluctuations in the market value of the underlying securities of the issuer of
the warrants.

HOLDER'S CONVERSION RIGHT

Pursuant to the terms of the Notes, these notes are convertible at the option
of the holder, at anytime on or prior to maturity. The holder's conversion
right represents an embedded derivative that is required to be accounted for
apart from the underlying Notes. At issuance of the Notes (3/31/05), the
holder's conversion right had an estimated initial fair value of $29,117, which
was recorded as a discount to the Notes and a derivative liability on the
consolidated balance sheet. In subsequent periods, if the price of the security
changes, the embedded derivative financial instrument related to the holder's
conversion right will be adjusted to fair value with the corresponding charge
or credit to other expense or income. The estimated fair value of the holder's
conversion right was determined using the Black-Scholes option-pricing model.
The model uses several assumptions including: historical stock price
volatility, risk-free interest rate, remaining maturity, and the closing price
of the Company's common stock to determine estimated fair value of the
derivative liability. In valuing the holder's conversion right at March 31,
2005, the company used the closing price of $0.50 and the exercise price of
$0.50. For the nine months ended September 30, 2005, the estimated value of the
holder's conversion right decreased to $12,018, thus the company recorded an
"other income" item on the consolidated statement of operations for the change
in fair value of the holder's conversion right of $17,099.

The recorded value of the holder's conversion right related to the Notes can
fluctuate significantly based on fluctuations in the fair value of the
Company's common stock.

COMPANY'S CALL OPTION ON DEBT

Pursuant to the terms of the Notes, the Company has the ability to The Company
has the option of prepaying the outstanding Principal Amount in whole or in
part, by paying to the Holder a sum of money equal to one hundred twenty
percent (120%) of the Principal Amount to be redeemed, together with accrued
but unpaid interest thereon and any and all other sums due.

The company's call option represents an embedded derivative that is required to
be accounted for apart from the underlying Notes. At issuance of the Notes
(3/31/2005), the company's call option had an asset value of $0. In subsequent
periods, if the price of the security changes, the embedded derivative
financial instrument related to the company's call option will be adjusted to
fair value with the corresponding charge or credit to other expense or income.
The estimated fair value of the holder's conversion right was determined using
the Black-Scholes option-pricing model. The model uses several assumptions
including: historical stock price volatility, risk-free interest rate,
remaining maturity, and the closing price of the Company's common stock to
determine estimated fair value of the derivative asset. In valuing the holder's
conversion right at March 31, 2005, the company used the closing price of $0.50
and the exercise price of $0.50. For the nine months ended September 30, 2005,
the estimated value of the company's call option was still $0, thus no
adjustment was made to add the asset to the balance sheets.

The recorded value of the company's call option related to the Notes can
fluctuate significantly based on fluctuations in the fair value of the
Company's common stock.

F-8

NOTE 5 - RECEIVABLE FROM NUTEK OIL - ASSET HELD FOR SALE

On April 14, 2005, DSEN filed a Current Report on Form 8-K, relating to the
conversion of the South Texas Oil Company asset held for sale into shares in
South Texas Oil Company (formerly known as Nutek Oil) and will be distributing
its ownership interest in South Texas Oil Company to shareholders of DSEN.

The dividend will take the form of a dividend certificate representing
restricted common stock, which will be distributed to DSEN's beneficial
stockholders of record as of the record date of April 27, 2005.

The stock dividend will be distributed to owners of DSEN's common stock as of
the record date in a ratio of one share of South Texas Oil Company, for
approximately every 18 shares of common stock held in DSEN.

On December 31, 2004 the company reviewed any need for impairment of assets per
SFAS 144. A loan is considered impaired if it is probable that the creditor
will be unable to collect all amounts due under the contractual terms of the
loan agreement. In evaluating the impairment of the assets of the company at
year end, the company considered, among other items, (1) materiality of the
asset, (2) previous loss experience, and (3) assets that are not readily
marketable or susceptible to decline in value.

After discussions with the Board and with the management of both Datascension,
and Nutek Oil, it was determined to be in the best interest of the Company and
shareholders for the note to be converted to stock and distributed to the
shareholders.

Pursuant to the previous dividends on August 1, 2001 and January 8, 2004, the
company determined it was in the best interest of it's shareholders to convert
the balance of the note into the common stock of Nutek Oil and distribute the
pro rata shares to our shareholders. This coincides with managements plan to
write off any assets which are attributable to the history of the company which
are non-operational in nature, etc.

As of the December 31, 2004, the value of the loan to be converted is
$1,015,014 and is classified on the balance sheet of the Company as an Asset
Held For Sale.

The stock of Nutek Oil traded over $1.00 during the week of the conversion to
settle the debt owed to Datascension. The stock has since traded as high as
$1.25. Management felt strongly that the shareholders and company were never
at risk of losing the value of the receivable. When Datascension made the
agreement to convert the receivable into the stock of Nutek Oil, it was agreed
to be converted at the $1,015,014 value of stock. The number of shares
(957,349) was only later determined based on the then average price of $1.06.
Management did not feel there was a risk of shareholders receiving less than
full credit for the value of the note.

NOTE 6 - STOCKHOLDERS' EQUITY

During the nine months ended September 30, 2005, DSEN issued securities using
the exceptions available under the Securities Act of 1933 including
unregistered sales made pursuant to Section 4(2) of the Securities Act of 1933
as follows:

On March 31, 2005, 500,000 shares of restricted common stock valued at $.50 per
share were issued pursuant to a consulting agreement in connection with which
we are to receive certain investor relations services. The shares have been
issued for a two year contract which can be cancelled after the first year and
50% of the shares returned. The issuance of these securities was in a
transaction deemed to be exempt under Section 4(2) of the Securities Act of
1933 as a sale of securities not involving a public offering. We made a
determination that the consultant was a sophisticated investors with enough
knowledge and experience in business to evaluate the risks and merits of the
investment.

F-9

On March 31, 2005, 300,000 shares of restricted common stock valued at $.50 per
share were issued pursuant to a consulting agreement in connection with which
we are to receive certain investor relations services. The shares have been
issued for a two year contract which can be cancelled after the first year and
50% of the shares returned. The issuance of these securities was in a
transaction deemed to be exempt under Section 4(2) of the Securities Act of
1933 as a sale of securities not involving a public offering. We made a
determination that the consultant was a sophisticated investors with enough
knowledge and experience in business to evaluate the risks and merits of the
investment.

On March 31, 2005, DSEN issued a $125,000 Convertible Debenture, pursuant to a
Securities Purchase Agreement (the "Agreement") to the Longview Fund LP. In
addition, DSEN issued a common stock purchase warrant to purchase 300,000 post
reverse shares of DSEN common stock at an exercise price of $.50 per share. The
issuance of these securities was in a transaction deemed to be exempt under
Section 4(2) of the Securities Act of 1933 as a sale of securities not
involving a public offering. We made a determination that the investors were
sophisticated investors with enough knowledge and experience in business to
evaluate the risks and merits of the investment as well as accredited
investors. (See Note 4)

On March 31, 2005, 50,000 shares of restricted common stock valued at $.50 per
share were issued pursuant to a consulting agreement in connection with which
we are to receive certain investor relations services. The issuance of these
securities was in a transaction deemed to be exempt under Section 4(2) of the
Securities Act of 1933 as a sale of securities not involving a public offering.
We made a determination that the consultant was a sophisticated investors with
enough knowledge and experience in business to evaluate the risks and merits of
the investment.

On March 31, 2005, 100,000 shares of restricted common stock valued at $.50 per
share were issued pursuant to an employee in connection with his employment
agreement which offered the executive a 100,000 share signing bonus. The
issuance of these securities was in a transaction deemed to be exempt under
Section 4(2) of the Securities Act of 1933 as a sale of securities not
involving a public offering. We made a determination that the consultant was a
sophisticated investors with enough knowledge and experience in business to
evaluate the risks and merits of the investment.

All of these transactions were exempt from the registration requirements of the
Securities Act of 1933, as amended, by virtue of the exemptions provided under
section 4(2) was available because:

- The transfer or issuance did not involve underwriters, underwriting
discounts or commissions;
- The shares were purchased for investment purposes without a view to
distribution;
- A restriction on transfer legend was placed on all certificates issued;
- The distributions did not involve general solicitation or advertising; and,
- The distributions were made only to insiders, accredited investors or
investors who were sophisticated enough to evaluate the risks of the
investment. Each shareholder was given access to all information about our
business and the opportunity to ask questions and receive answers about our
business from our management prior to making any investment decision.

NOTE 7 - RELATED PARTY TRANSACTIONS

As of September 30, 2005, the Company has an outstanding note payable to Scott
Kincer, the Company's COO, in the amount of $9,000. This payable accrues
interest at 1% monthly due on the first day of each month.

NOTE 8 - FOREIGN OPERATIONS

The company currently operates out of the United States, Costa Rica and the
Dominican Republic. The future plans of the company involve the slowing growth
at the Dominican Republic facility while focusing on the potential and
available growth in Costa Rica. Management does not feel there is a currency
risk or need to assess a foreign currency translation adjustment or other
comprehensive income item as income and expense items are negotiated in the US
dollar. The Company maintains their accountings records in U.S. dollars and all
payments are made in US dollars. All debts and assets on the books of the
company are valued based on US dollars and are not translated from a foreign
currency amount. The Company currently coordinates all foreign operations, and
supervision activities using part time employees, consultants and contract
labor. Approximately 85% of the company's workforce is outside of the United
States. Currently 100% of the company's clients are US based companies. Any
resulting foreign exchange fluctuations do not affect the payment of employees,
contract labor or off shore operations.

NOTE 9 - RESTATEMENT OF FINANCIAL STATEMENTS

The company is currently evaluating the requirements to possibly restate the
financial statements for the year ended December 31, 2004, as well as for the
1st and 2nd quarter filing for 2005. The reason for this restatement is due to
the company's revised valuation and treatment of the convertible debt,
warrants, and derivative liabilities related to the November 2004 and March
2005 convertible debt.

F-10

Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operations.

The following is a discussion of certain factors affecting DSEN's results
of operations, liquidity and capital resources. You should read the following
discussion and analysis in conjunction with the Registrant's consolidated
financial statements and related notes that are included herein under Item 1
above.

Overview

Datascension Inc, ("DSEN") through its sole subsidiary Datascension
International, Inc, is engaged in data gathering and conducting outsourced
market research. Its expertise is in the collection, storage, and processing of
data. Datascension International's management team has over 30 years of
experience in working with clients to gather the information they need to make
changes or advancements to their operations. Datascension International
services a variety of industries and customers (including the hospitality,
entertainment, and automotive sectors) with emphasis and commitment to customer
service, quality assurance and on-time project management.

Critical Accounting Policies and Estimates

Our discussion and analysis of financial condition and results of
operations is based upon our financial statements, which have been prepared in
accordance with accounting principles generally accepted in the United States
of America. The preparation of these financial statements requires us to make
estimates and judgments that affect the reported amounts of assets,
liabilities, revenue and expenses, and related disclosure of contingent assets
and liabilities. On an ongoing basis, we evaluate our estimates. We base our
estimates on historical experience and on various other assumptions that we
believe to be reasonable under the circumstances. These estimates and
assumptions provide a basis for making judgments about the carrying values of
assets and liabilities that are not readily apparent from other sources. Actual
results may differ from these estimates under different assumptions or
conditions, and these differences may be material.

We believe the following critical accounting policies affect its more
significant judgments and estimates used in the preparation of its consolidated
financial statements.

Foreign Currency

DSEN maintains its accounting records in U.S. dollars and all payments
are made in US dollars. Any resulting foreign exchange fluctuations do not
affect the payment of employees, contract labor or off shore operations.

Revenue Recognition.

We recognize revenues when survey data is delivered to the client in
accordance with the terms of our agreements. Research products are delivered
within a short period, generally ranging from a few days to approximately eight
weeks. An appropriate deferral is made for direct costs related to contracts in
process, and no revenue is recognized until delivery of the data has taken
place. Billings rendered in advance of services being performed, as well as
customer deposits received in advance, are recorded as a current liability
included in deferred revenue. We are required to estimate contract losses, if
any, and provide for such losses in the period they are determined and
estimable. We do not believe that there are realistic alternatives to our
revenue recognition policy given the short period of service delivery and the
requirement to deliver completed surveys to our
5

customers. We do not believe there is significant risk of recognizing revenue
prematurely since our contracts are standardized, the earnings process is short
and no single project accounts for a significant portion of our revenue.

DSEN's website address is http://www.datascension.com.

Results of Operations

Analysis of the quarter ended September 30, 2005 compared to the quarter
ended September 30, 2004.

For the three-months, ended September 30, 2005, DSEN has generated $2,365,454
in revenues compared to $2,101,033 in revenues for the three-months ended
September 30, 2004, for an increase of $264,421. The increase in revenue is a
result of an increase in new clients, and an increase in our hourly billing
rates.

Cost of goods sold for the three-months ended September 30, 2005 was $2,127,257
compared to $1,663,996 for the three-months ended September 30, 2004 or an
increase of $463,261. This increase is a result in an increased cost of
payroll, along with an increase in work with clients.

Total general and administrative expenses increased to $560,697 for the three-
months ended September 30, 2005 from $371,393 for the three-months ended
September 30, 2004, a net increase of $189,304. This increase is related to
the increased insurance costs, travel expenses and administrative overhead
costs.

Depreciation expense for the three-months ended September 30, 2005 was $44,888
compared to $85,646 for the three-months ended September 30, 2004, a decrease
of $40,758. The decrease resulted from the disposal and write down of assets in
the fourth quarter of 2004.

Interest expense for the three-months ended September 30, 2005 was $64,671
compared to $20,697 for the three-months ended September 30, 2004 an increase
of $43,974. This increase is due to the amortization of the financing costs
and additional interest cost related to the purchase of predictive dialers.

Datascension generated a net loss of $572,334 for the three months ended
September 30, 2005, versus net income of $16,651 for the same period in 2004.
The increase in losses of $588,985 is a result of the increased payroll costs,
as well as the increased expenses related to the value of the derivative
liabilities associated with the convertible financing the company received in
November 2004, and March 2005. For the nine months ended September 30, 2005,
DSEN has decreased its working capital position by a net amount of $266,871
from positive $566,816 as of December 31, 2004 to $299,945 as of September 30,
2005. This is due to a decrease in cash of $352,869, as well as a decrease in
accounts receivable of $14,443 and a decrease in prepaid expenses of $173,375,
while there was also a decrease in current liabilities of $273,816.

Significant Subsequent Events occurring after September 30, 2005:

None.

Capital Resources and Liquidity

Liquidity

Management believes that its current client contracts and receivables will meet
its minimum general and administrative cost requirements and provide the basic
liquidity Datascension needs to operate at current levels over the next twelve
months. However, additional funding will be needed to cover the expenses over
the next several months related to the expansion of our facilities and hiring
and training of new employees.

For the nine months ended September 30, 2005, DSEN has decreased its working
capital position by a net amount of $266,871 from positive $566,816 as of
December 31, 2004 to $299,945 as of September 30, 2005. This is due to a
decrease in cash of $352,869, as well as a decrease in accounts receivable of
$14,443 and a decrease in prepaid expenses of $173,375, while there was also a
decrease in current liabilities of $273,816.

Capital Resources

The Registrant's capital resources are comprised primarily of private
investors, including members of management, who are either existing contacts of
Datascension's management or who come to the attention of the Registrant
through brokers, financial institutions and other intermediaries.
Datascension's access to capital is always dependent upon general financial
market conditions, especially those which pertain to venture capital situations
such as oil and gas exploration companies.

On September 30, 2005 DSEN had total assets of $4,563,623 compared to
$7,678,870 on September 30, 2004, a decrease of $3,115,247. The reason for the
decrease in assets is a result of the decrease in prepaid expenses of $218,366,
an increase in accounts receivable of $233,055, an increase in cash of $69,423,
as well as a decrease in deposits of $8,151, and a decrease in website assets
of $25,070, along with the write down of assets at year end 2004. DSEN had a
total stockholders' equity of $558,993 on September 30, 2005 compared to
$6,262,797 on September 30, 2004, a decrease in equity of $5,703,804, which is
in part due to the $1,015,014 conversion and distribution of the DSEN's loan to
Nutek Oil, Inc., the write down of discontinued operations of $1,731,001, as
well as the distribution of the Company's ownership in Century Innovations of
$976,221.

All assets are booked at historical purchase price and there is no
variance between book value and the purchase price.

On September 30, 2005 DSEN had Property and Equipment of $995,543
compared to $1,769,148 on September 30, 2004, or a decrease of $773,605 which
is a result of the write off of property and equipment at the end of 2004,
along with a offsetting purchase of predictive dialers during the 9 months
ended September 30, 2005.

As discussed above DSEN intends to meet its financial needs for
operations through the collection of accounts receivable and servicing of
current contracts.

DSEN's capital resources are comprised primarily of private investors,
who are either existing contacts of the Registrant's management or who come to
the attention of the Registrant through brokers, financial institutions and
other intermediaries. The Registrant's access to capital is always dependent
upon general financial market conditions. The Registrant's capital resources
are not anticipated to change materially in 2005.

DSEN has financed operations through the collections of accounts
receivable, servicing of existing contracts and the sale of common stock and
through financing from financial institutions. In order to sustain operations
in the near term, it is anticipated that DSEN has sufficient working capital
due to the fact that on November 17, 2004, we issued $1,875,000 in convertible
notes, receiving net proceeds of $1,657,500.

DSEN's future capital requirements will depend on numerous factors,
including the profitability of our research projects and our ability to control
costs. We believe that our current assets will be sufficient to meet our
operating expenses and capital expenditures. However, we cannot predict when
and if any additional capital contributions may be needed and we may need to
seek one or more substantial new investors. New investors could cause
substantial dilution to existing stockholders.

There can be no assurances that DSEN will be successful in raising
additional capital via debt or equity funding, or that any such transactions,
if consummated, will be on terms favorable to DSEN. In the event that
additional capital is not obtained from other sources, it may become necessary
to alter development plans or otherwise abandon certain ventures.

If DSEN needs to raise additional funds in order to fund expansion,
develop new or enhanced services or products, respond to competitive pressures
or acquire complementary products, businesses or technologies, any additional
funds raised through the issuance of equity or convertible debt securities, the
percentage ownership of the stockholders of DSEN will be reduced, stockholders
may experience additional dilution and such securities may have rights,
preferences or privileges senior to those of DSEN's Common Stock. DSEN does
not currently have any contractual restrictions on its ability to incur debt
and, accordingly, DSEN could incur significant amounts of indebtedness to
finance its operations. Any such indebtedness could contain covenants, which
would restrict DSEN's operations.
7

Off-Balance Sheet Arrangements.

DSEN currently does not have any off-balance sheet arrangements.

Forward-Looking Information

This quarterly report contains forward-looking statements. The forward-
looking statements include all statements that are not statements of historical
fact. The forward-looking statements are often identifiable by their use of
words such as "may," "expect," "believe," "anticipate," "intend," "could,"
"estimate," or "continue," "Plans" or the negative or other variations of those
or comparable terms. Our actual results could differ materially from the
anticipated results described in the forward-looking statements. Factors that
could affect our results include, but are not limited to, those discussed in
Item 2, "Management's Discussion and Analysis or Plan of Operation" and
included elsewhere in this report. DSEN makes no commitment to update any
forward-looking statement or to disclose any facts, events, or circumstances
after the date hereof that may affect the accuracy of any forward-looking
statement.

Item 3. Controls and Procedures.

(a) Our Chief Executive Officer (CEO) and Principal Financial Officer
evaluated the effectiveness of our disclosure controls and procedures (as
defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of
1934, as amended) as of the end of the period covered by this report. Based
upon the evaluation, concluded that the disclosure controls and procedures are
effective in ensuring all required information relating to DSEN is included in
this quarterly report.

We also maintain a system of internal control over financial reporting
(as defined in Rules 13a-15(f) and 15d-15(f)) designed to provide reasonable
assurance regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with accounting
principles generally accepted in the United States of America.

(b) Changes in internal controls. During our most recent fiscal
quarter, there have been no changes in our internal control over financial
reporting that occurred that have materially affected or are reasonably likely
to materially affect our internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings.

DSEN is not a party to any pending material legal proceeding. To the
knowledge of management, no federal, state or local governmental agency is
presently contemplating any proceeding against DSEN. To the knowledge of
management, no director, executive officer or affiliate of DSEN, any owner of
record or beneficially of more than 5% of DSEN's common stock is a party
adverse to DSEN or has a material interest adverse to DSEN in any proceeding.

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

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Submission of Matters to a Vote of Security Holders

None.

Item 5. Other Information

None.

Item 6. Exhibits and Reports on Form 8-K

Exhibits

(a) Exhibit 31. Certifications required by Rule 13a-14(a) or Rule 15d-
14(a)

31.1 Certification of Chief Executive Officer and Principal Financial
Officer pursuant to 18 U.S.C.ss.1850 as adopted pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.

(b) Exhibit 32. Certifications required by Rule 13a-14(b) or Rule 15d-
14(b) and section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350

32.1 Certification of Chief Executive Officer and Principal Financial
Officer pursuant to 18 U.S.C.ss.1850 as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002.

Reports on Form 8-K

None

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

Datascension, Inc.

/s/ Scott Kincer
----------------------
Scott Kincer
President, Chairman and Director
(Principal Executive Officer)

/s/ Scott Kincer
-------------------
Scott Kincer
(Principal Financial Officer)

Date: November 21, 2005

Pursuant to the requirements of Section 12 of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.

/s/ Scott Kincer
----------------------
Scott Kincer
President, Chairman and Director
(Principal Executive Officer)

/s/ Scott Kincer
-------------------
Scott Kincer
(Principal Financial Officer)

Date: November 21, 2005