| X                                                                    |  QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934  |
|----------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------|
|                                                                 |                                                                                                     |
| For      the quarterly period ended: September 30, 2008              |
| Or                                                                   |
|                                                                 |                                                                                                     |
|                                                                 |  TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|                                                                 |                                                                                                     |
| For      the transition period from: _____________ to  _____________ |

| DELAWARE                          | 000-27131         | 88-0381258                     |
|-----------------------------------|-------------------|--------------------------------|
| (State      or Other Jurisdiction | (Commission       | (I.R.S.      Employer          |
| of      Incorporation)            | File      Number) | Identification      No.)  |

| Indicate      by check mark whether the registrant (1) has filed all reports required to      be filed by Section 13 or 15(d) of theSecurities      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 large accelerated filer, an      accelerated filer, a non-accelerated filer., or a smaller reporting      company.                                                                                       |
|                                                                                                                                                                                                                                                             |   |
| Large      accelerated filer                                                                                                                                                                                                                                     |   |   |   | Accelerated      filer |   |   |
| Non-accelerated      filer                                                                                                                                                                                                                                       |   |   |   | Smaller      reporting company | X |   |
|                                                                                                                                                                                                                                                             |   |
| Indicate      by check mark whether the registrant is a shell company (as defined in      Rule 12b-2 of the Act).                                                                                                                                                |   |  Yes | X |  No |
|                                                                                                                                                                                                                                                             |   |
| The      number of shares of the issuer’s Common Stock outstanding as of November      14, 2008 is 21,679,828.                                                                                                                                             |
|                                                                                                                                                                                                                                                             |

----

|                                                                                                                                             | Page   |
|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART      I – FINANCIAL INFORMATION                                                                                                        | 3      |
|                                                                                                                                             |   |
|           Item 1  Financial Statements                                                                             | 3      |
|           Item 2  Management’s Discussion and analysis of Financial      Condition and Results of Operations | 18     |
|           Item 3  Quantitative and Qualitative Disclosures About Market      Risk                                  | 20     |
|           Item 4  Controls and Procedures                                                                          | 20     |
|                                                                                                                                             |   |
| PART      II – OTHER INFORMATION                                                                                                           | 21     |
|                                                                                                                                             |   |
|           Item 1  Legal Proceedings                                                                                | 21     |
|           Item 2  Recent Sales of Unregistered Securities and Use of      Proceeds                                 | 21     |
|           Item 3  Defaults Upon Senior Securities                                                                  | 21     |
|           Item 4  Submission of Matters to a Vote of Security      Holders                                         | 21     |
|           Item 5  Other Information                                                                                | 21     |
|           Item 6  Exhibits                                                                                         | 21     |
|                                                                                                                                             |   |
| SIGNATURES                                                                                                                                       | 22     |

----

----

|                                                                                                                                        | Page   |
|---------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Condensed      Consolidated Balance Sheets as of September 30, 2008 (unaudited)      and      December 31, 2007 (audited)                   | 5      |
|                                                                                                                                        |   |
| Condensed      Consolidated Statements of Operations for the nine monthsand      three months ended September 30, 2008 and 2007 (unaudited) | 6      |
|                                                                                                                                        |   |
| Condensed      Consolidated Statement of Cash Flows for the nine months ended      September 30, 2008 and 2007                              | 7      |
|                                                                                                                                        |   |
| Notes      to Condensed Consolidated Financial Statements                                                                                   | 8-17   |

----

| TRANSFER      TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES                                        |   |
|-----------------------------------------------------------------------------------------------------------------|--------|
| (FKA      INVERTED PARADIGMS CORPORATION AND SUBSIDIARIES)                                                 |   |
| CONDENSED      CONSOLIDATED BALANCE SHEETS                                                                      |   |
|                                                                                                            |   |   |   |   |   |   |
|                                                                                                            |   |   |   |   |   |   |
|                                                                                                            |   | (Unaudited) |   |   | (Audited) |   |
|                                                                                                            |   | September      30, |   |   | December      31, |   |
|                                                                                                            |   | 2008 |   |   | 2007 |   |
| ASSETS                                                                                                          |   |   |   |   |   |   |
|                                                                                                            |   |   |   |   |   |   |
| CURRENT      ASSETS                                                                                             |   |   |   |   |   |   |
|   Cash                                                                                                |   | $ | 252,439 |   |   | $ | 1,915 |   |
|  Prepaid      Expenses                                                                                     |   |   | 2,191 |   |   |   | 2,862 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
|           Total      current assets                           |   |   | 254,630 |   |   |   | 4,777 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| FIXED      ASSETS                                                                                               |   |   |   |   |   |   |   |   |
|   Equipment      (Net of Accumulated Depreciation of $202)                                            |   |   | 2,617 |   |   |   | - |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| TOTAL      ASSETS                                                                                               |   | $ | 257,247 |   |   | $ | 4,777 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' EQUITY (DEFICIT)                                                             |   |   |   |   |   |   |   |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| CURRENT      LIABILITIES                                                                                        |   |   |   |   |   |   |   |   |
|    Accounts      Payable                                                                         |   | $ | 167,286 |   |   | $ | 146,730 |   |
|    Other      Current Liabilities                                                                |   |   | 108,088 |   |   |   | 347,053 |   |
|    Liability      for Stock to be issued                                                         |   |   | 148,015 |   |   |   | 15,000 |   |
|    Notes      Payable                                                                            |   |   | 56,815 |   |   |   | 107,037 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
|           Total      current liabilities                      |   |   | 480,204 |   |   |   | 615,820 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| STOCKHOLDERS'  (DEFICIT)                                                                              |   |   |   |   |   |   |   |   |
| Common      stock, par value $.001 per share; 250,000,000 shares      authorized                                |   |   |   |   |   |
|    and      18,439,415  and 6,243,982 shares issued      and  outstanding    |   |   | 18,438 |   |   |   | 6,243 |   |
|    at      September 30, 2008 and December 31, 2007 respectively.                                |   |   | - |   |   |   | - |   |
|   Subscription      Receivable                                                                        |   |   | (419 | ) |   |   | (1,449 | ) |
|    Additional      paid-in capital                                                               |   |   | 43,742,365 |   |   |   | 40,674,740 |   |
|    (Accumulated      deficit)                                                                    |   |   | (43,983,341 | ) |   |   | (41,290,577 | ) |
|            Total      stockholders'  (deficit) |   |   | (222,957 | ) |   |   | (611,043 | ) |
|                                                                                                            |   |   |   |   |   |   |   |   |
|                                                                                                            |   |   |   |   |   |   |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                       |   | $ | 257,247 |   |   | $ | 4,777 |   |

----

| TRANSFER      TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES                        |   |
|-------------------------------------------------------------------------------------------------|--------|
| CONDENSED      CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)                                |   |
| FOR      THE NINE AND THREE MONTHS ENDED SEPTEMBER 30, 2008 AND2007                             |   |
|                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                            |   | FOR      THE NINE MONTHS ENDED |   |   | FOR      THE THREE MONTHS ENDED |   |
|                                                                                            |   |                                         SEPTEMBER      30, |         SEPTEMBER      30, |   |
|                                                                                            |   | 2008 |   |   | 2007 |   |   | 2008 |   |   | 2007 |   |
|                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| REVENUES                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |
|      Net      sales                                                    |   | $ | - |   |   | $ | 160 |   |   | $ | - |   |   | $ | - |   |
|      Cost      of Sales                                                |   |   | - |   |   |   | (654 | ) |   |   | - |   |   |   | (300 | ) |
|                 Gross      Loss               |   |   | - |   |   |   | (494 | ) |   |   | - |   |   |   | (300 | ) |
|                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| COSTS      AND EXPENSES                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Selling,      general and administrative                                |   |   | 1,395,010 |   |   |   | 140,792 |   |   |   | 573,446 |   |   |   | 118,901 |   |
|     Depreciation                                                            |   |   | 202 |   |   |   | - |   |   |   | 202 |   |   |   | - |   |
|                 Total      costs and expenses |   |   | 1,395,212 |   |   |   | 140,792 |   |   |   | 573,648 |   |   |   | 118,901 |   |
|                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| LOSS      BEFORE OTHER INCOME (LOSS)                                                            |   |   | (1,395,212 | ) |   |   | (141,286 | ) |   |   | (573,648 | ) |   |   | (119,201 | ) |
|                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OTHER      INCOME (LOSS)                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Interest      expense                                                   |   |   | (1,297,552 | ) |   |   | (75,687 | ) |   |   | (3,742 | ) |   |   | (24,453 | ) |
|     Legal      settlement                                                   |   |   | - |   |   |   | (400,000 | ) |   |   | - |   |   |   | (400,000 | ) |
|     Other      income                                                       |   |   | - |   |   |   | 3,134 |   |   |   | - |   |   |   | - |   |
|         Total      other Income (Loss)                  |   |   | (1,297,552 | ) |   |   | (472,553 | ) |   |   | (3,742 | ) |   |   | (424,453 | ) |
|                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (LOSS)      BEFORE PROVISION FOR INCOME TAX                                                     |   | $ | (2,692,764 | ) |   | $ | (613,839 | ) |   | $ | (577,390 | ) |   | $ | (543,654 | ) |
|                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| PROVISION      FOR INCOME TAXES                                                                 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET      LOSS                                                                                   |   | $ | (2,692,764 | ) |   | $ | (613,839 | ) |   | $ | (577,390 | ) |   | $ | (543,654 | ) |
|                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET      LOSS PER COMMON SHARE - BASIC AND DILUTED                                              |   | $ | (0.21 | ) |   | $ | (1.47 | ) |   | $ | (0.04 | ) |   | $ | (1.10 | ) |
|                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| WEIGHTED      AVERAGE OUTSTANDING SHARES                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OF      COMMON STOCK - BASIC AND DILUTED                                                        |   |   | 12,533,853 |   |   |   | 416,725 |   |   |   | 15,337,774 |   |   |   | 495,521 |   |

----

| TRANSFER      TECHNOLOGY INTERNATIONAL CORPORATION AND SUBSIDIARIES                                                                                          |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| CONDENSED      CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)                                                                                             |   |
| FOR      THE NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007                                                                                                        |   |
|                                                                                                                                                              |   |   |   |   |   |   |
|                                                                                                                                                              |   |   |   |   |   |   |
|                                                                                                                                                              |   | 2008 |   |   | 2007 |   |
|                                                                                                                                                              |   |   |   |   |   |   |
| CASH      FLOWS FROM OPERATING ACTIVITIES:                                                                                                                        |   |   |   |   |   |   |
|   Net      (Loss)                                                                                                                                       |   | $ | (2,692,764 | ) |   | $ | (613,839 | ) |
| Adjustments      to reconcile net (loss) to                                                                                                                       |   |   |   |   |   |   |   |   |
| net      cash provided by (used in) operating activities:                                                                                                         |   |   |   |   |   |   |   |   |
|  Depreciation      and amortization                                                                                                                          |   |   | 202 |   |   |   | - |   |
|  Loss      on sale of asset                                                                                                                                  |   |   | - |   |   |   | 16,137 |   |
|  Write-off      prepaid assets                                                                                                                               |   |   | - |   |   |   | 8,458 |   |
|  Gain      on extinguishment of debt                                                                                                                         |   |   | - |   |   |   | (149,180 | ) |
|  Settlement      accrual                                                                                                                                     |   |   | - |   |   |   | 400,000 |   |
|  Interest      expense                                                                                                                                       |   |   | - |   |   |   | 6,042 |   |
|  Stock      issued to directors and executives                                                                                                               |   |   | 343,500 |   |   |   | - |   |
|  Stock      issued to venders for services                                                                                                                   |   |   |   |   |   |   | 31,750 |   |
|  Stock      issued to consultants for services                                                                                                               |   |   | 237,408 |   |   |   | - |   |
|  Interest      resulting from beneficial conversion                                                                                                |   |   | 1,217,110 |   |   |   | - |   |
|  Changes      in Certain Assets and Liabilities                                                                                                              |   |   | - |   |   |   | - |   |
| (Increase)      Decrease in other current assets                                                                                                                  |   |   | (671 | ) |   |   | 260 |   |
| Increase      (Decrease) in accounts payable                                                                                                                      |   |   | 54,024 |   |   |   | 140,538 |   |
| Increase      (Decrease) accrued expenses                                                                                                                         |   |   | (107,320 | ) |   |   | - |   |
|                                                                                                                                                              |   |   |   |   |   |   |   |   |
|           Net      cash (used in) operating activities                                                          |   |   | (948,511 | ) |   |   | (159,834 | ) |
|                                                                                                                                                              |   |   |   |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES                                                                                                                         |   |   |   |   |   |   |   |   |
| Sale      of property and equipment                                                                                                                               |   |   | - |   |   |   | 1,125 |   |
| Purchase      of property and equipment                                                                                                                           |   |   | (2,819 | ) |   |   | - |   |
|              Net      cash provided by  (used in) continuing investing      activities |   |   | (2,819 | ) |   |   | 1,125 |   |
|                                                                                                                                                              |   |   |   |   |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES                                                                                                                         |   |   |   |   |   |   |   |   |
| Proceeds      from convertible notes payable                                                                                                                      |   |   | 311,062 |   |   |   | - |   |
| Proceeds      from Promissory notes                                                                                                                               |   |   | - |   |   |   | 161,500 |   |
| Payment      of notes paybles                                                                                                                                     |   |   | (75,215 | ) |   |   | - |   |
| Proceeds      from stock subscriptions                                                                                                                            |   |   | 868,007 |   |   |   | - |   |
| Proceeds      from bridge loan                                                                                                                                    |   |   | 98,000 |   |   |   | - |   |
|                                                                                                                                                              |   |   |   |   |   |   |   |   |
|           Net      cash provided by  financing activities                                             |   |   | 1,201,854 |   |   |   | 161,500 |   |
|                                                                                                                                                              |   |   |   |   |   |   |   |   |
| NET      INCREASE (DECREASE) IN CASH                                                                                                                              |   |   | 250,524 |   |   |   | 2,791 |   |
|                                                                                                                                                              |   |   |   |   |   |   |   |   |
| CASH      AND CASH EQUIVALENTS - BEGINNING OF PERIOD                                                                                                              |   |   | 1,915 |   |   |   | 1,390 |   |
|                                                                                                                                                              |   |   |   |   |   |   |   |   |
| CASH      AND CASH EQUIVALENTS - END OF PERIOD                                                                                                                    |   | $ | 252,439 |   |   | $ | 4,181 |   |
|                                                                                                                                                              |   |   |   |   |   |   |   |   |
| SUPPLEMENTAL      DISCLOSURE OF CASH FLOW INFORMATION                                                                                                             |   |   |   |   |   |   |   |   |
|   Issuance      of Common Stock for:                                                                                                                    |   |   |   |   |   |   |   |   |
|  Stock      issued to venders for services                                                                                                                   |   | $ | - |   |   | $ | 31,750 |   |
|  Stock      issued to consultants                                                                                                                            |   | $ | 237,408 |   |   | $ | - |   |
|  Stock      issued to directors and executives                                                                                                               |   | $ | 343,500 |   |   | $ | - |   |
|  Stock      issued to convert notes payable                                                                                                                  |   | $ | 429,400 |   |   | $ | - |   |

----

|   | Note      1 - Organization |
|--------|----------------------------|

|   | Note      2 - Basis of Presentation – GoingConcern |
|--------|----------------------------------------------------------|

----

|   | Note      3 - Summary of Significant AccountingPolicies |
|--------|---------------------------------------------------------|

----

|   | Note      3 - Summary of Significant Accounting Policies  (CONTINUED) |
|--------|-----------------------------------------------------------------------|

----

|   | Note      3 - Summary of Significant Accounting Policies  (CONTINUED) |
|--------|-----------------------------------------------------------------------|

----

|   | Note      3 - Summary of Significant Accounting Policies  (CONTINUED) |
|--------|-----------------------------------------------------------------------|

| Computers      and equipment                   | $2,819 |
|------------------------------------------------|--------|
| Less:  accumulated      depreciation | 202    |
| Computers      and equipment - Net             | $2,617 |

----

| March      2007 - Unsecured promissory note payable to for $22,037 including interest      at a fixed rate of 10%. The maturity date is March 2008 at which time all      principal and interest are due. Although the note is past maturity and is      in default, the Company is accruing interest. |   |   | 6,815  |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                   |   |   |   |   |
| May      2008 - Unsecured  convertable note payable to for $50,000      including interest at a rate of 5% plus prime adjusted monthly. The      maturity date is November 2008 at which time all principal and interest      are due.                                                       |   |   | 50,000 |   |
|                                                                                                                                                                                                                                                                                                   |   |   |   |   |
| Total      notes payable                                                                                                                                                                                                                                                                               |   | $      | 56,815 |   |

----

----

----

| 2005                            | Broker      warrants            | 50,000     |   | 0.50   | Dec.      2008    |
|---------------------------------|---------------------------------|------------|--------|--------|-------------------|
|                            |                            |       |   |   |              |
| 2006                            | Broker      warrants            | 50,000     |   | 0.50   | Mar.      2009    |
|                            |                            |       |   |   |              |
| 2006                            | Broker      warrants            | 300,000    |   | 0.045  | Apr.      2011    |
| 2006                            | Warrant      exercise           | (300,000   | )      | 0.045  |              |
|                            |                            | 100,000    |   |   |              |
|                            |                            |       |   |   |              |
| 2006                            | Broker      warrants            | 294,118    |   | 0.085  | May      2011     |
| 2006                            | Warrant      exercise           | (294,118   | )      | 0.085  |              |
|                            |                            | 0          |   |   |              |
|                            |                            |       |   |   |              |
| 2006                            | Class      A warrants           | 2,941,177  |   | 0.085  | May      2011     |
| 2007                            | Class      A warrants cancelled | (2,941,177 | )      | 0.085  |              |
|                            |                            | 0          |   |   |              |
|                            |                            |       |   |   |              |
| 2006                            | Class      B warrants           | 2,941,177  |   | 0.50   | May      2011     |
| 2007                            | Class      B warrants cancelled | (2,941,177 | )      | 0.50   |              |
|                            |                            | 0          |   |   |              |
|                            |                            |       |   |   |              |
| 2008                            | Class      B warrants           | 1,767,038  |   | 1.25   | Various      2010 |
| 2008                            | Class      B warrants           | 1,767,038  |   | 1.25   | Various      2010 |
|                            |                            | 3,534,076  |   |   |              |
|                            |                            |       |   |   |              |
| Total      warrants outstanding | 3,634,076                       |       |   |   |

----

----

| Item      2. | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations. |
|--------------|--------------------------------------------------------------------------------------------------------|

|   | Results      of Operations |
|--------|----------------------------|

|   | Due      to insufficient progress in prior business operations, approximately      fourteen months ago the Company liquidated its business assets and      launched a new business plan.  It hired a new CEO with      experience in its new direction. The industry in which the Company is now      engaged is described by the Company as technology transfer. The Company      changed its name to Transfer Technology International Corp. to reflect      involvement in this industry. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company commercializes new or underused technologies through the      acquisition of licenses and through the design of effective      commercialization strategies in conjunction with business partners who can      facilitate market penetration.  During the first quarter of      2008, the Company acquired patents relating to two technologies. The first      is a patented process for preventing flash rust on low carbon steel. The      second patent is for a product that protects citrus groves from citrus      canker, a disease that causes millions of dollars of crop damage each      year.  In addition, the company is currently evaluating a third      patent for possible acquisition. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company is now beginning the commercialization process for these acquired      technologies.  However, as of the date of this filing, a revenue      stream from these technologies has not commenced. During the quarter ended      September 30, 2008, the Company had no revenues from business      operations. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | During      the quarter ended September 30, 2008, the Company has entered into several      marketing and consulting agreements.  The Company signed a      consulting agreement with Alcalde & Fay, a Washington DC Government      and public affairs consulting firm to provide assistance with marketing      opportunities in the Federal market place. Alcalde & Faye will also      provide counsel and advice in shepherding the Company’s products through      regulatory and agency approvals. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company signed a consulting agreement with James Consulting as a      consultant to a global client base which includes both formulating and      supply sides. Their main focus is the paint and coatings industries where      they have extensive knowledge in decorative, protective, automotive and      industrial segments. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company signed a strategic marketing consulting agreement with Racke      Strategies and technologies, Inc. Racke specializes in identifying      commercial and R&D opportunities for the formation of relationships      with international interests. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Capital      Resources |
|--------|------------------------|

|   | Current      business operations have been funded by the sale of equity capital. Even      though management believes operating revenues may be generated soon      through the commercialization of acquired technologies, management plans      on continuing meeting it cash obligations in the near future through the      continued sale of its common stock in private placements and through a      rights offering that will be made to certain of its      shareholders.  Other sources of capital to the Company include      bridge financings from shareholders or from persons close to the      Company. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Three      and nine month period ended September 30,2008 |
|--------|----------------------------------------------------------|

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|   | Because      the Company’s new business direction is different from the business it was      conducting during the first three fiscal quarters of 2007, comparisons      between the quarter and nine month period ended September 30, 2008 and the      quarter and nine month period ended September 30, 2007, are not      helpful.  General operating expenses for the three and nine      month period ended September 30, 2008, totaled $573,446 and 1,395,010      respectively. The Company also incurred $3,742 and $1,297,552 in interest      expense during the three and nine month period ended September 30, 2008,      respectively. However, the interest expense was not paid in cash and is      non recurring in nature.  Also, much of the general operating      expenses were paid by the issuance ofstock. |
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|   | Management      estimates fixed cash expenditures total approximately $65,000 per month      and variable monthly cash expenditures average $5,000 to $15,000 per      month. Accordingly, going forward, the Company needs approximately      $225,000 per quarter to stay solvent and to pursue it business      plan.  As mentioned earlier, these cash needs will be met in the      near term through the sale of equity capital and eventually through      revenues from its businessoperations. |
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|   | Liquidity |
|--------|-----------|

|   | As      of November 12, 2008, we had cash on hand of approximately      $379,000.  This money is from the private sale of capital. This      will meet the cash needs of the Company for approximately the next 150      days. Thereafter it will be necessary for us to have been successful in      raising addition funds through the sale of equity capital or through the      commercialization of technologies currently owned or acquired by the      Company. |
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|   | Forward-Looking      Statements |
|--------|---------------------------------|

|   | We      may have made forward-looking statements, within the meaning of Section      21E of the Securities and Exchange Act of 1934, as amended, and Section      27A of the Securities Act of 1933, as amended, in this Quarterly Report on      Form 10-Q, including the section entitled “Management’s Discussion and      Analysis of Financial Condition and Results of Operations” that are based      on our management’s beliefs and assumptions and on information currently      available to our management.  Forward-looking statements include      the information concerning our possible or assumed future results of      operations, business strategies, financing plans, competitive position,      industry environment, potential growth opportunities and the effects of      future regulation and the effects of      competition.  Forward-looking statements include all statements      that are not historical facts and can be identified by the use of      forward-looking terminology such as the words “believe,” “expect,”      “anticipate,” “intend,” “plan,” “estimate” or  similar      expressions. |
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|   | Forward-looking      statements involve risks, uncertainties and assumptions.  Actual      results may differ materially from those expressed in the forward-looking      statements.  You should understand that many important factors,      in addition to those discussed elsewhere in this Quarterly Report on Form      10-Q, could cause our  results to differ materially from those      expressed in the forward-looking statements.  These factors      include, without limitation, the rapidly changing industry and regulatory      environment, our limited operating history, our ability to implement our      growth strategy, our ability to  integrate acquired companies      and  their assets and  personnel into our business,      our fixed obligations, our dependence on new capital to      fund  our growth strategy,  our ability to attract and      retain quality personnel, our competitive environment, economic and other      conditions in markets in which we operate, increases in maintenance costs      and insurance premiums and cyclical and seasonal fluctuations in our      operating results.  Transfer Technology International Corp.,      unless legally required, undertakes no obligation to update or revise any      forward-looking statements, whether as a result of new information, future      events, or otherwise. |
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| Item      3. | Quantitative      and Qualitative Disclosures About MarketRisk. |
|--------------|-----------------------------------------------------------------|

| Item      4. | Controls      and Procedures. |
|--------------|-------------------------------|

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| Item      1. | Legal      Proceedings. |
|--------------|-------------------------|

| Item      2. | Unregistered      Sales of Equity Securities and Use ofProceeds. |
|--------------|------------------------------------------------------------------|

| Item      3. | Defaults      Upon Senior Securities. |
|--------------|---------------------------------------|

| Item      4. | Submission      of Matters to a Vote of SecurityHolders. |
|--------------|----------------------------------------------------------|

| Item      5. | Other      Information. |
|--------------|-------------------------|

| Item      6. | Exhibits. |
|--------------|-----------|

| 31.1   | Certification      of CEO pursuant to Securities Exchange Act rules 13a-15 and 15d-15(c) as      adopted pursuant to section 302 of the Sarbanes-Oxley act of      2002. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                     |
| 31.2   | Certification      of CFO pursuant to Securities Exchange Act rules 13a-15 and 15d-15(c) as      adopted pursuant to section 302 of the Sarbanes-Oxley act of      2002. |
|   |                                                                                                                                                                     |
| 32.1   | Certification      of CEO pursuant to 18 U.S.C. section 1350, as adopted pursuant to section      906 of the Sarbanes-Oxley act of 2002.                                 |
|   |                                                                                                                                                                     |
| 32.2   | Certification      of CFO pursuant to 18 U.S.C. section 1350, as adopted pursuant to section      906 of the Sarbanes-Oxley act of2002.                                  |

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