CONSULTING AGREEMENT

EXHIBIT 10.1

CONSULTING AGREEMENT

This Consulting Agreement (the "Agreement") is entered into as of this 8th day

of March, 2005, by and among Blue Marble Investments Ltd., ("Consultant")

located at P.O. Box 267, Leeward Highways, Providences, Turks and Caicos Islands

and AB Watley Group Inc. ("Watley"), a corporation organized and existing under

the laws of Delaware with corporate offices at 90 Park Ave, New York, New York

10016.

W I T N E S S E T H

WHEREAS, Watley desires to engage Consultant to perform certain services

including public relations services on its behalf and to advise Watley on

certain business opportunities; and

Whereas, Consultant has represented that it has the experience and expertise to

perform those certain services which will help Watley in its endeavors to become

better known in the business and financial community and seek further business

opportunities;

NOW, THEREFORE, in consideration of the premises and mutual covenants set forth

herein, the parties hereto agree as follows;

1. Services to be Preformed. Consultant agrees to provide the following

services on behalf of Watley.

(a) Consultant shall provide input on Watley's marketing and sales plans

and materials;

(b) Consultant shall provide advice and assistance to Watley with regard

to public relations, mergers, acquisitions, obtaining corporate

financing and other business opportunities;

(c) Consultant shall provide public relations services to Watley and

shall advise Watley regarding press releases and communications with

the investment community, including mutual funds, money managers,

investors and brokerage firms;

2. Representations of Watley. Watley represents and warrants that:

(a) Watley has the full power and authority to execute and deliver this

Agreement, and to perform all of its obligations herein, and this

Agreement has been duly authorized and approved by Watley and is

binding upon it in accordance with its terms.

(b) The warrants and underlying common stock of Watley to be issued to

Consultant as compensation have been dully issued and, in the case

of the common stock, reserved for issuance upon exercise of the

stock options.

3. Representation of Consultant. Consultant represents and warrants that:

(a) Consultant has full power and authority to execute and deliver this

Agreement, and to perform all of its obligations herein and this

Agreement has been duly authorized and approved by Watley and is

binding upon it in accordance with its terms.

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(b) Consultant shall limit its representation about Watley to facts

disclosed by Watley to Consultant, which are not required to be kept

confidential.

4. Terms of this Agreement. This agreement shall be binding and in effect

from the date this Agreement is signed through March 7, 2007.

5. Compensation.

As total compensation for Consultant's services:

(a) Watley shall issu