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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-QSB/A

(Mark One)

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

                  For the quarterly period ended June 30, 2006

                                       or

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

                      Commission File Number: 033-55254-27

                             ADVANCED LUMITECH, INC.
                 ----------------------------------------------
                 (Name of small business issuer in its charter)

               Nevada                                87-0438637
  -------------------------------         ---------------------------------
  (State or other jurisdiction of         (IRS Employer Identification No.)
   incorporation or organization)

             8C Pleasant Street, First Floor, South Natick, MA 01760
             -------------------------------------------------------
               (Address of principal executive offices, Zip code)

                                 (508) 647-9710
                           (Issuer's telephone number)

   Securities registered pursuant to Section 12(b) of the Exchange Act: None
     Securities registered pursuant to Section 12(g) of the Exchange Act:

                          Common Stock, $.001 par value
                          -----------------------------
                                (Title of class)

Check whether the Company (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. [X] Yes [ ] No

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

The Company had 100,000,000 shares of Common Stock, $.001 par value,  issued and
outstanding as of August 21, 2006.

Transitional Small Business Disclosure Format: [X] Yes [ ] No

================================================================================

<PAGE>

STATEMENT REGARDING THIS AMENDMENT

The  Company  is  amending  its Form  10-QSB for the period  June 30,  2006,  as
previously filed on August 21, 2006.

1. The  Company  determined  that the  satisfaction  of its  obligation  under a
subscription  for the  purchase of the  Company's  common stock was not properly
recognized.  As a result,  as of June 30,  2006,  the Company  reduced its stock
subscriptions  received by $25,000 and increased  additional  paid-in capital by
$25,000.

2. The  Company  determined  that the stock  redemption  agreements  between the
Company and certain  stockholders  were  improperly  marked-to-market,  with the
changes in the fair value  improperly  reported as gains or losses in fair value
of derivative liabilities on the Company's statement of operations. As a result,
the Company  increased  its  liability to  stockholders  for shares  redeemed by
$1,296,097,  increased  additional paid-in capital by $214,094 and increased its
accumulated deficit by $1,377,036 to reverse the net gains recognized  resulting
from mark-to market adjustments prior to January 1, 2006. For the three- and six
month periods ending June 30, 2006,  the Company  reversed  recognized  gains of
$1,271,759 and $133,155, respectively.

3. The Company  determined that  subscriptions  received for the purchase of the
Company's  common stock  totaling  $470,000,  were  improperly  classified  as a
component  of  stockholders'  deficit  and  should  have  been  recognized  as a
liability.

The effect of these restatements was to decrease net income by $1,271,759 ($0.01
per share) and $133,155 (less than $0.01 per share) for the three- and six month
periods  ended  June  30,  2006,  respectively.  As of June  30,  2006,  current
liabilities were increased by $1,271,097 and stockholders' deficit was increased
by $1,271,097.

Our stockholders should refer to the financial statements and accompanying notes
for a detailed  explanation of the  adjustments to the financial  results of the
Company that are contained in this amended Form 10-QSB/A.

In all other material  respects,  this amended Quarterly Report on Form 10-QSB/A
is unchanged from the Quarterly  Report on Form 10-QSB  previously  filed by the
Company on August 21, 2006.  This  amendment  should also be read in conjunction
with our amended Quarterly Reports on Form 10-QSB/A for the quarters ended March
31, 2005,  June 30, 2005,  September 30, 2005 and March 31, 2006, as well as our
Amended  Annual  Reports on Form 10-KSB/A for the years ended  December 31, 2004
and December 31, 2005.

                                        2
<PAGE>

                                      INDEX

                                                                     Page Number
                                                                     -----------
Statement Regarding Amendment                                             2

Restatement of June 30, 2006 Interim Consolidated
 Financial Statements                                                     4

Note Regarding Forward Looking Statements                               4 - 5

Part I.  Financial Information

   Item 1. Financial Statements

     Consolidated Balance Sheet at June 30, 2006 - Unaudited              6

     Consolidated Statements of Operations and Accumulated
       Deficit and Comprehensive Income (Loss) for the Three
       and Six Months Ended June 30, 2006 and 2005 - Unaudited            7

     Consolidated Statements of Cash Flows for the Six Months
       Ended June 30, 2006 and 2005 - Unaudited                           8

     Notes to Consolidated Financial Statements - Unaudited            9 - 15

   Item 2. Management's Discussion and Analysis of Financial
              Condition and Results of Operations                      16 - 19

   Item 3. Controls and Procedures                                       20

Part II. Other Information

   Item 1. Legal Proceedings                                             21

   Item 2. Unregistered Sales of Equity 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 and Reports on Form 8-K                              22

Signatures                                                               23

Exhibit Index                                                            24

Exhibit 31  Certification   of  Chief   Executive  and   Financial
             Officer Pursuant to 18 U.S.C Section 1850, As Adopted
             Pursuant to Section 302 of the  Sarbanes-Oxley Act of
             2002 (filed herewith).                                     E-1

Exhibit 32  Certification   of  Chief   Executive  and   Financial
             Officer  Pursuant to Rule  13a-14(b)  of the Exchange
             Act and 18 U.S.C Section 1850, as Adopted Pursuant to
             Section 906 of the  Sarbanes-Oxley Act of 2002 (filed
             herewith).                                                 E-2

                                3
<PAGE>

         RESTATEMENT OF JUNE 30, 2006 CONSOLIDATED FINANCIAL STATEMENTS

The  Company  is  amending  its Form  10-QSB for the period  June 30,  2006,  as
previously filed on August 21, 2006.

1. The  Company  determined  that the  satisfaction  of its  obligation  under a
subscription  for the  purchase of the  Company's  common stock was not properly
recognized.  As a result, as of June 30, 2006, the Company reduced its liability
for stock  subscriptions  received by $25,000 and increased  additional  paid-in
capital by $25,000.

2. The  Company  determined  that the stock  redemption  agreements  between the
Company and certain  stockholders  were  improperly  marked-to-market,  with the
changes in the fair value  improperly  reported as gains or losses in fair value
of derivative liabilities on the Company's statement of operations. As a result,
the Company  increased  its  liability to  stockholders  for shares  redeemed by
$1,296,097,  increased  additional paid-in capital by $214,094 and increased its
accumulated deficit by $1,377,036 to reverse the net gains recognized  resulting
from mark-to market adjustments prior to January 1, 2006. For the three- and six
month periods ending June 30, 2006,  the Company  reversed  recognized  gains of
$1,271,759 and $133,155, respectively.

3. The Company  determined that  subscriptions  received for the purchase of the
Company's  common stock  totaling  $470,000,  were  improperly  classified  as a
component  of  stockholders'  deficit  and  should  have  been  recognized  as a
liability.

The effect of these restatements was to decrease net income by $1,271,759 ($0.01
per share) and $133,155 (less than $0.01 per share) for the three- and six month
periods  ended  June  30,  2006)  respectively.  As of June  30,  2006,  current
liabilities were increased by $1,271,097 and stockholders' deficit was increased
by $1,271,097.

Note Regarding Forward Looking Statements:

This Form 10-QSB/A and other reports filed by the Company from time to time with
the Securities and Exchange Commission, as well as the Company's press releases,
contain or may contain forward-looking statements, within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. The information provided is based upon beliefs
of, and information currently available to, the Company's management, as well as
estimates and assumptions made by the Company's management.  Statements that are
not  statements  of  historical  fact  may  be  deemed  to  be   forward-looking
statements.   Forward-looking  statements  can  be  identified  by  the  use  of
forward-looking terminology such as "believes", "may", "should",  "anticipates",
"estimates",  "expects",  "future",  "intends", "hopes", "plans" or the negative
thereof.  Such  forward-looking  statements  involve  known and  unknown  risks,
uncertainties  and other factors that could cause actual  results of the Company
to vary materially from historical  results or from any future results expressed
or implied in such forward-looking statements.

Any statements  contained in this Form 10-QSB/A that do not describe  historical
facts,  including without limitation  statements  concerning  expected revenues,
earnings,  product  introductions and general market conditions,  may constitute
forward-looking  statements as that term is within the meaning of Section 27A of
the  Securities  Act of 1933,  as amended,  and  Section  21E of the  Securities
Exchange Act of 193, as amended. Any such  forward-looking  statements contained
herein are based on current  expectations,  but are subject to a number of risks
and  uncertainties  that may cause  actual  results  to differ  materially  from
expectations.  The factors  that could  cause  actual  future  results to differ
materially  from  current  expectations  include the  following:  the  Company's
ability to raise the financing required to support the Company's operations; the
Company's ability to establish its intended  operations;  fluctuations in demand
for the  Company's  products and services;  the Company's  ability to manage its
growth; the Company's ability to develop,  market and introduce new and enhanced
products on a timely basis; the Company's lack of customers;  and the ability of
the  Company to compete  successfully  in the  future.  Further  information  on
factors  that could cause  actual  results to differ from those  anticipated  is
detailed herein in Item 3, Quantitative and Qualitative Disclosures About Market
Risk,  and in various  filings  made by the  Company  from time to time with the
Securities and Exchange  Commission.  Any  forward-looking  statements should be
considered in light of those factors.

                                        4
<PAGE>

The Company  will  provide  upon  request,  copies of its  quarterly  and annual
reports,  including interim  unaudited and audited  financial  statements to its
security holders. We also file periodic reports with the Securities and Exchange
Commission as well as reports on Form 8-K, proxy or  information  statements and
other reports required of publicly held reporting companies. The public may read
and copy any  materials  the  Company  files  with the SEC at the  SEC's  Public
Reference Room at 100 F Street,  NE,,  Washington,  D.C.  20549.  The public may
obtain  information on the operation of the Public Reference Room by calling the
SEC at 1-800-SEC-0330. The SEC also maintains an Internet site that contains the
reports,  proxy  and  information  statements,  and other  information  that the
Company files electronically with the SEC, which is available on the Internet at
www.sec.gov.  Further  information about the Company and its subsidiaries may be
found at www.brightec.com.

                                        5
<PAGE>

                          PART 1. FINANCIAL INFORMATION
                          ITEM 1. FINANCIAL STATEMENTS

                     ADVANCED LUMITECH, INC. AND SUBSIDIARY
                           Consolidated Balance Sheet
                           June 30, 2006 (As Restated)
                                   (Unaudited)

                                     ASSETS

Current assets
   Cash                                                          $    108,289
   Accounts receivable                                                  6,373
   Inventory                                                           92,645
   Prepaid expenses                                                     9,517
   Deferred financing expenses                                         97,611
                                                                 ------------
                                         TOTAL CURRENT ASSETS         314,435
                                                                 ------------

Office and photographic equipment                                      23,511
Less: accumulated depreciation                                        (23,511)
                                                                 ------------
                                                                            -
                                                                 ------------

Interest receivable from related party                                 53,849
Note receivable from related party                                    250,000
                                                                 ------------
                                                                      303,849
                                                                 ------------
                                                 TOTAL ASSETS    $    618,284
                                                                 ============
                      LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
   Line of credit                                                $    350,000
   Accounts payable                                                   198,473
   Accrued liabilities                                                320,672
   Advances from related parties                                       42,372
   Liability for shares to be issued                                  403,000
   Warrant liability                                                  273,337
   Liability for stock subscriptions received                         470,000
   Liability to stockholders for shares redeemed                    2,580,393
                                                                 ------------
                                    TOTAL CURRENT LIABILITIES       4,638,247
                                                                 ------------

Stockholders' deficit
   Common stock                                                       100,000
   Additional paid-in capital                                       6,438,110
   Accumulated deficit                                            (10,740,045)
   Accumulated other comprehensive income                             181,972
                                                                 ------------
                                  TOTAL STOCKHOLDERS' DEFICIT      (4,019,963)
                                                                 ------------
                  TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT    $    618,284
                                                                 ============

   The accompanying notes are an integral part of these financial statements.

                                        6
<PAGE>

                     ADVANCED LUMITECH, INC. AND SUBSIDIARY
                    Consolidated Statements of Operations and
               Accumulated Deficit and Comprehensive Income (Loss)
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                            FOR THE THREE MONTHS               FOR THE SIX MONTHS
                                                               ENDED JUNE 30,                    ENDED JUNE 30,
                                                       ------------------------------    ------------------------------
                                                            2006             2005             2006             2005
                                                       -------------    -------------    -------------    -------------
                                                       (As Restated)    (As Restated)    (As Restated)    (As Restated)
<S>                                                    <C>              <C>              <C>              <C>
Sales                                                  $       7,012    $      48,916    $      10,588    $      84,358
Cost of sales                                                  3,141           37,312            4,901           71,415
                                                       -------------    -------------    -------------    -------------
Gross profit                                                   3,871           11,604            5,687           12,943
                                                       -------------    -------------    -------------    -------------
Operating expenses
   Research and development                                   30,832           61,661           53,620           80,255
   Selling and marketing                                       1,885            4,071            4,351           37,523
   General and administrative (includes related
      party expenses of $0, $20,000, $0 and
      $20,000, respectively)                                  89,193          189,153          167,679          301,448
                                                       -------------    -------------    -------------    -------------
                                                             121,910          254,885          225,650          419,226
                                                       -------------    -------------    -------------    -------------
Operating loss                                              (118,039)        (243,281)        (219,963)        (406,283)
                                                       -------------    -------------    -------------    -------------
Other income (expense)
     Interest income                                           3,148            3,148            6,261            6,261
     Foreign exchange gains                                   17,656                -           17,656              129
     Gain (loss) on value of derivative liabilities           56,373           72,348          235,487          (34,721)
     Financing costs                                               -          (92,825)               -          (92,825)
     Interest expense                                         (5,404)          (2,700)          (6,499)          (6,080)
                                                       -------------    -------------    -------------    -------------
                                                              71,773          (20,029)         252,905         (127,236)
                                                       -------------    -------------    -------------    -------------

Net income (loss)                                            (46,266)        (263,310)          32,942         (533,519)
Accumulated deficit - beginning                          (10,693,779)     (10,269,428)     (10,772,987)      (9,999,219)
                                                       -------------    -------------    -------------    -------------
Accumulated deficit - ending                           $ (10,740,045)   $ (10,532,738)   $ (10,740,045)   $ (10,532,738)
                                                       =============    =============    =============    =============

Basic and diluted net income per share                 $        0.00    $        0.00    $        0.00    $       (0.01)
                                                       =============    =============    =============    =============
Weighted average number of shares used
   in computation of basic and diluted
   net loss per share                                    100,000,000      100,000,000      100,000,000      100,000,000
                                                       =============    =============    =============    =============
COMPREHENSIVE  INCOME (LOSS)
   Net income (loss)                                   $     (46,266)   $    (263,310)   $      32,942    $    (533,519)
   Foreign currency translation gain (loss)                  (18,225)           1,421          (14,249)          (1,366)
                                                       -------------    -------------    -------------    -------------
   Comprehensive income (loss)                         $     (64,491)   $    (261,889)   $      18,693    $    (534,885)
                                                       =============    =============    =============    =============
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                        7
<PAGE>

                     ADVANCED LUMITECH, INC. AND SUBSIDIARY
                      Consolidated Statements of Cash Flows
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                          FOR THE SIX MONTHS ENDED
                                                                                  JUNE 30,
                                                                       ------------------------------
                                                                            2006             2005
                                                                       -------------    -------------
                                                                       (As Restated)    (As Restated)
<S>                                                                    <C>              <C>
Cash flows from operating activities
Net income (loss)                                                      $      32,942    $    (533,519)
Adjustments to reconcile net income (loss) to net cash used for
   operating activities:
      Accrued interest on note receivable - related party                     (3,518)          (6,037)
      Amortization of deferred financing expense                               8,874                -
      (Gain) loss on value of derivative liabilities                        (235,487)          34,721
      Financing costs                                                                          92,825
      General and administrative expense associated with stock based
         transactions                                                              -           30,000
Changes in operating assets and liabilities:
   (Increase) decrease in:
      Accounts receivable                                                     (3,190)               -
      Inventory                                                              (34,540)         (36,290)
      Prepaid expenses                                                        (1,411)               -
   Increase (decrease) in:
      Accounts payable                                                       (35,830)        (148,618)
      Accrued liabilities                                                     40,353           (6,311)
                                                                       -------------    -------------
                              Net cash used for operating activities        (231,807)        (573,229)
                                                                       -------------    -------------
Cash flows from financing activities
   Cash received for sale of common stock, exercise of warrants and
        stock subscribed                                                     120,000          787,000
   Advances from line of credit                                              350,000                -
   Advances received from related parties                                     95,600                -
   Repayment of advances from related parties                               (176,200)        (166,974)
   Payment of deferred finance costs                                         (37,500)               -
   Principal payments on note payable - related party                              -           (2,593)
                                                                       -------------    -------------
                           Net cash provided by financing activities         351,900          617,433
                                                                       -------------    -------------
Effects of changes in foreign exchange rates                                 (14,249)          (1,366)
                                                                       -------------    -------------
                           Net increase in cash and cash equivalents         105,844           42,838
Cash - beginning                                                               2,445            4,310
                                                                       -------------    -------------
Cash - ending                                                          $     108,289    $      47,148
                                                                       =============    =============
Supplemental disclosures of cash flows information
   Cash paid during the period for interest                            $           -    $      10,468
                                                                       =============    =============
   Issuance of stock to settle accounts payable                        $           -    $      20,000
                                                                       =============    =============
Schedule of non-cash activities
   Issuance of warrants in connection with line of credit              $      68,985    $           -
                                                                       =============    =============
   Liability to stockholders for shares redeemed                       $      26,208    $   2,443,907
                                                                       =============    =============
   Issuance of warrants relating to private placements                 $     193,176    $     537,528
                                                                       =============    =============
   Issuance of warrants for financing costs                            $           -    $      92,825
                                                                       =============    =============
   Exercise of warrants classified as liabilities                      $     (25,450)   $     (82,341)
                                                                       =============    =============
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                        8
<PAGE>

                     ADVANCED LUMITECH, INC. AND SUBSIDIARY
                   Notes to Consolidated Financial Statements
              For the Six Months Ended June 30, 2006 (As Restated)

NOTE 1 - OPERATIONS
Advanced  Lumitech,  Inc.  d/b/a  Brightec,  a Nevada  corporation,  ("ADLU"  or
"Company") develops and markets  luminescent films incorporating  luminescent or
phosphorescent pigments (the "Luminescent  Product").  These pigments absorb and
reemit  visible  light   producing  a  "glow"  which  accounts  for  the  common
terminology "glow in the dark." The Company's  Luminescent  Product has been and
will  be  sold  primarily  as a  printable  luminescent  film  designed  to  add
luminescence  to existing or new  products.  The Company uses third  parties for
manufacturing, and markets and sells graphic quality printable luminescent films
(the "Luminescent Product").  These films are based on the Company's proprietary
and patented  technology,  which enables prints to be of photographic quality by
day and  luminescent  under low light or night  conditions.  The Company expects
that its Luminescent  Product will be available for sale in a number of versions
appropriate  for commonly  used  commercial  and personal  printing  technology,
including offset printing, laser or inkjet printing, plus a variety of "print on
demand"  digital  technologies.  The Company  offers its  products in sheets and
rolls.

Restatement of June 30, 2006 Interim Consolidated Financial Statements

The  Company  is  amending  its Form  10-QSB for the period  June 30,  2006,  as
previously filed on August 21, 2006.

1. The  Company  determined  that the  satisfaction  of its  obligation  under a
subscription  for the  purchase of the  Company's  common stock was not properly
recognized.  As a result, as of June 30, 2006, the Company reduced its liability
for stock  subscriptions  received by $25,000 and increased  additional  paid-in
capital by $25,000. See NOTE 13 - LIABILITY FOR STOCK SUBSCRIPTIONS RECEIVED.

2. The  Company  determined  that the stock  redemption  agreements  between the
Company and certain  stockholders  were  improperly  marked-to-market,  with the
changes in the fair value  improperly  reported as gains or losses in fair value
of derivative liabilities on the Company's statement of operations. As a result,
the Company  increased  its  liability to  stockholders  for shares  redeemed by
$1,296,097,  increased  additional paid-in capital by $214,094 and increased its
accumulated deficit by $1,377,036 to reverse the net gains recognized  resulting
from mark-to market adjustments prior to January 1, 2006. For the three- and six
month periods ending June 30, 2006,  the Company  reversed  recognized  gains of
$1,271,759 and $133,155,  respectively.  See NOTE 14 - LIABILITY TO STOCKHOLDERS
FOR SHARES REDEEMED.

3. The Company  determined that  subscriptions  received for the purchase of the
Company's  common stock  totaling  $470,000,  were  improperly  classified  as a
component  of  stockholders'  deficit  and  should  have  been  recognized  as a
liability. See NOTE 12 - LIABILITY FOR STOCK SUBSCRIPTIONS RECEIVED.

The effect of these restatements was to decrease net income by $1,271,759 ($0.01
per share) and $133,155 (less than $0.01 per share) for the three- and six month
periods  ended  June  30,  2006)  respectively.  As of June  30,  2006,  current
liabilities were increased by $1,271,097 and stockholders' deficit was increased
by $1,271,097.

NOTE 2 - INTERIM FINANCIAL STATEMENTS
The accompanying  unaudited  consolidated  financial statements at June 30, 2006
and for the three- and six month  periods  ended June 30, 2006 and 2005  include
the accounts of the Company and its wholly-owned subsidiary (Brightec S.A.). All
inter-company  transactions and balances have been eliminated in  consolidation.
In our opinion,  these  unaudited  consolidated  financial  statements have been
prepared  on the same basis as the  audited  consolidated  financial  statements
included in our Annual  Reports on Form 10-KSB and  10-KSB/A  for the year ended
December 31, 2005, and include all adjustments,  necessary to make the financial
statements not misleading.  Certain footnote  disclosures  normally  included in
financial statements prepared in accordance with accounting principles generally
accepted  in the United  States of  America  have been  condensed  or omitted in
accordance  with rules of the  Securities  and Exchange  Commission  for interim
reporting. These consolidated financial statements should be read in conjunction
with the  audited  consolidated  financial  statements  included  in our  Annual
Reports on Form 10-KSB and 10-KSB/A for the year ended December 31, 2005.

                                        9
<PAGE>

                     ADVANCED LUMITECH, INC. AND SUBSIDIARY
             Notes to Consolidated Financial Statements - continued
              For the Six Months Ended June 30, 2006 (As Restated)

NOTE 3 - LIQUIDITY, MANAGEMENT PLANS AND GOING CONCERN
The Company  has a working  capital  deficit of  $4,323,812  and an  accumulated
deficit  of  $10,740,045  at June 30,  2006,  and  recurring  net  losses  since
inception.  The ability of the Company to continue to operate as a going concern
is primarily  dependent  upon the ability of the Company to raise the  necessary
financing,  to effectively  produce and market Brightec  products at competitive
prices, to establish  profitable  operations and to generate positive  operating
cash flows.  If the Company  fails to raise  funds,  or the Company is unable to
generate operating profits and positive cash flows, there are no assurances that
the Company will be able to continue as a going  concern and it may be unable to
recover the  carrying  value of its  assets.  Management  believes  that it will
continue  to be  successful  in  raising  the  necessary  financing  to fund the
Company's  operations through the 2006 calendar year;  however,  there can be no
assurances that such financing can be obtained.

NOTE 4 - DERIVATIVE INSTRUMENTS
In connection with the issuances of equity  instruments or debt, the Company may
issue options or warrants to purchase  common stock.  In certain  circumstances,
these  options or warrants  may be  classified  as  liabilities,  rather than as
equity.  In  addition,  the  equity  instrument  or debt  may  contain  embedded
derivative  instruments,  such as  conversion  options or listing  requirements,
which  in  certain  circumstances  may be  required  to be  bifurcated  from the
associated  host  instrument  and  accounted  for  separately  as  a  derivative
liability instrument.  The Company accounts for derivative liability instruments
under the provision of SFAS No. 133, "Accounting for Derivative  Instruments and
Hedging Activities".

NOTE 5 - EARNINGS PER SHARE
The Company computes earnings or loss per share in accordance with SFAS No. 128,
Earnings  per Share.  Basic  earnings  per share is computed by dividing  income
available to common stockholders by the weighted average number of common shares
outstanding.  Diluted  earnings per share  reflects the potential  dilution that
could  occur if  securities  or other  agreements  to issue  common  stock  were
exercised  or  converted  into  common  stock,  only in the periods in which the
effect  is  dilutive.  The  following  securities  have been  excluded  from the
calculation of net income per share,  as their issuance prices were in excess of
the average market price for the period:

                                                         2006           2005
                                                     ------------   ------------
Warrants (weighted average)                             4,888,193      1,253,039
                                                     ============   ============
Convertible line of credit (weighted average)             260,417              -
                                                     ============   ============

NOTE 6 - INVENTORIES
Inventories  are  stated at the lower of cost  (first-in,  first-out)  or market
value and consist of the following at June 30, 2006:

                        Raw materials                $     55,488
                        Work in process                    30,812
                        Finished goods                      6,345
                                                     ------------
                                                     $     92,645
                                                     ============

NOTE 7 - DEFERRED FINANCING EXPENSES
In  connection  with the Loan and  Security  Agreement  (the "Loan and  Security
Agreement")  entered into on June 8, 2006  between the Company and  Ross/Fialkow
Capital Partners,  LLC, Trustee of Brightec Capital Trust  ("Ross/Fialkow") (see
NOTE 10 - LINE OF CREDIT), the Company agreed to pay a commitment fee of $37,500
to  Ross/Fialkow  and issued a warrant to  Ross/Fialkow  to  purchase  1,500,000
shares of common stock at an exercise price of $0.12 per share.  The warrant was
valued at  $68,985  using the  Black/Scholes   method  of  valuing  options  and
warrants.  These  amounts  are being  amortized  over the term of the  Agreement
(twelve months).  As of June 30, 2006, the balance of deferred financing expense
consisted of the following:

                                       10
<PAGE>

                     ADVANCED LUMITECH, INC. AND SUBSIDIARY
             Notes to Consolidated Financial Statements - continued
              For the Six Months Ended June 30, 2006 (As Restated)

NOTE 7 - DEFERRED FINANCING EXPENSES - continued

                Commitment fee                       $     37,500
                Value of warrants issued                   68,985
                Less:  accumulated amortization            (8,874)
                                                     ------------
                                                     $     97,611
                                                     ============

NOTE 8 - INCOME TAXES
The Company has not calculated  the tax benefits of its net operating  losses as
of June 30,  2006 and  December  31,  2005  since it does not have the  required
information.  The  Company has not filed its  federal  and state  corporate  tax
returns for years ended December 31, 2005,  2004,  2003,  2002 and 2000. The tax
return filed for 2001 will need to be amended if  permitted  by statute.  Due to
the uncertainty  over the Company's  ability to utilize these operating  losses,
any deferred tax assets,  when determined,  would be fully offset by a valuation
allowance.

NOTE 9 - RELATED PARTY TRANSACTIONS
As of June 30,  2006,  a  ten-year  note of  $250,000  was  receivable  from the
Company's  president,  who is also a director and stockholder.  The note, due no
later than  December  31, 2011,  bears  interest at a fixed rate of 5.05% and is
full-recourse.  Interest on the note is accrued  quarterly and due annually.  No
interest  payments  on such  note  have  been  received  to  date.  The  Company
recognized  interest  income of $3,148 for each of the three month periods ended
June 30, 2006 and 2005 and $6,261 for each of the six month  periods  ended June
30, 2006 and 2005.

At December 31, 2005, the Company owed the president $114,472 in connection with
advances made by him to the Company  during 2005 and in prior years.  During the
six month period ended June 30, 2006, he made advances to the Company of $11,900
and was repaid $84,000 of the  outstanding  advances due. All such advances bear
interest at the Internal  Revenue Service short term  "Applicable  Federal Rate"
(4.88% at June 30, 2006)  calculated  and accrued  monthly.  For the three month
periods  ended June 30,  2006 and 2005,  the Company  incurred  $932 and $2,700,
respectively, of interest expense on the outstanding advances. For the six month
periods ended June 30, 2006 and 2005,  the Company  incurred  $2,027 and $6,080,
respectively, of interest expense on the outstanding advances.

The Company  offsets the amount of interest  expense  recognized on  outstanding
cash  advances  due  against  the amount of interest  income  recognized  on the
outstanding note receivable.  As of June 30, 2006, net interest  receivable from
the Company's president was $53,849.

In addition to the amounts  described  above,  certain  stockholders and related
parties  made  unsecured,  non-interest  bearing  cash  advances to the Company,
without specific  repayment terms. As of December 31, 2005, one stockholder made
a cash advance of $8,500. During the six month period ended June 30, 2006, other
stockholders  and related parties made cash advances of $83,700.  As of June 30,
2006, the entire amount of outstanding  cash advances due to these  shareholders
and related parties was paid in full.

In 2005, the Company paid consulting fees to its major stockholder who is also a
director of the Company.  Fees  totaled  $20,000 for each of the three month and
six month periods ended June 30, 2005.

NOTE 10 - LINE OF CREDIT
On June 8, 2006, the Company  entered into the Loan and Security  Agreement with
Ross/Fialkow,  in the amount of $750,000. The significant terms of the agreement
are as follows:

1.  Convertible note:  Principal amount of $750,000
2.  Due date: June 8, 2007,  subject  to  acceleration  upon an Event of Default
    (as defined in the Loan Agreement) at the discretion of Ross/Fialkow.
3.  Interest rate:  20% per year.

                                       11
<PAGE>

                     ADVANCED LUMITECH, INC. AND SUBSIDIARY
             Notes to Consolidated Financial Statements - continued
              For the Six Months Ended June 30, 2006 (As Restated)

NOTE 10 - LINE OF CREDIT - continued
4.  Interest payments dates: Due monthly commencing July 8, 2006.
5.  Commitment fee paid to Ross: $37,500.
6.  Conversion  right:  The principal amount of the loan plus accrued but unpaid
    interest,  if any,  is  convertible  at any time  prior to  payment,  at the
    election of  Ross/Fialkow,  into the  Company's  common stock at the rate of
    $0.12 per share. If the full principal  amount of the loan were advanced and
    converted, the number of shares of common stock to be issued upon conversion
    would be 6,250,000 (such shares,  the "Conversion  Shares").  The Conversion
    Shares carry piggy-back registration rights.
7.  Warrant:  A common stock purchase warrant (the "Warrant") has been issued to
    Ross/Fialkow  to purchase up to 1,500,000  shares (the "Warrant  Shares") of
    the Company's common stock at an exercise price of $0.12 per share, expiring
    on May 31, 2009. The Warrant Shares carry piggy-back registration rights.
8.  Collateral and other security:  All assets of the Company have been pledged,
    including  the assets of the  Company's  wholly owned  subsidiary,  Brightec
    S.A., a Swiss  corporation (the  "Subsidiary"),  and a pledge of the capital
    stock of the Subsidiary; the Subsidiary has fully guaranteed the payment and
    performance of the Agreement, the Convertible Note and the Warrant.
9.  Representations  and covenants:  The Pledge and Security  Agreement contains
    customary   representations   of  the  Company  as  borrower,   including  a
    prohibition  on the  payment  of  dividends  or other  distributions  on the
    Company's common stock.
10. Events of Default:  The Pledge and Security  Agreement  and the  Convertible
    Note  contain   customary   Events  of  Default  which,  if  not  waived  by
    Ross/Fialkow,  would entitle  Ross/Fialkow to accelerate the due date of the
    Note.  The Events of Default  include,  among other things,  a change in the
    condition or affairs  (financial  or  otherwise) of the Company which in the
    reasonable  opinion  of  Ross/Fialkow,   materially  impairs  Ross/Fialkow's
    security or materially increases Ross/Fialkow's risk.

As of June 30, 2006, the outstanding balance of the line of credit was $350,000.

NOTE 11 - LIABILITY FOR SHARES TO BE ISSUED
Liability  for shares to be issued  represents  commitments  to issue  shares of
common stock in exchange for services  provided or the settlement of debt.  Such
shares remain unissued at June 30, 2006. As of March 31, 2006,  2,890,000 shares
with an aggregate value of $403,000 were committed but unissued.

During the  quarter  ended June 30,  2006,  the  Company  did not enter into any
agreement  to issue  shares of its common  stock in exchange for services or the
settlement of debt.

Accordingly,  as of June 30,  2006,  2,890,000  shares of common  stock  with an
aggregate value of $403,000 remained committed but unissued.

NOTE 12 - WARRANT LIABILITY
On June 8, 2006, in connection  with the Loan and Security  Agreement  (see NOTE
10  - LINE OF CREDIT) the Company  issued to  Ross/Fialkow a warrant to purchase
1,500,000  shares of common  stock at a price of $0.12 per  share.  The  warrant
expires on May 31,  2009.  There were no warrants  exercised  during the quarter
ended June 30, 2006.

The Company evaluated the warrants to determine if they gave rise to an embedded
derivative that would need to be accounted for separately under SFAS No. 133 and
Emerging Issues Task Force (EITF) 00-19,  "Accounting  for Derivative  Financial
Instruments  Indexed to, and Potentially Settled in, a Company's Own Stock." The
Company  determined that, as it did not have sufficient  authorized and unissued
shares of common stock available to settle the warrants, such warrants should be
recorded as a liability.  From the date of each issuance, the Company values the
warrants  at  fair  value,  at the  end of  each  reporting  period,  using  the
Black/Scholes  valuation  method,  with  changes in the fair value  recorded  as
charges  or credits to gain or loss on value of  derivative  liabilities  in the
period in which the change occurred.  The fair value of the warrants at June 30,
2006 was $273,337.  For the three- and six month periods ended June 30, 2006 and
2005, the Company  recognized income (loss) from the change in the fair value of
the  derivative  liabilities  of  $56,373,   $72,348,  $235,487  and  ($34,721),
respectively.

                                       12
<PAGE>

                     ADVANCED LUMITECH, INC. AND SUBSIDIARY
             Notes to Consolidated Financial Statements - continued
              For the Six Months Ended June 30, 2006 (As Restated)

NOTE 12 - WARRANT LIABILITY - continued
The fair value of the  warrants  was  estimated  at the date of grant  using the
Black/Scholes  option  pricing model with the following  assumptions:  risk-free
interest  rate of 4.74% to 4.92%;  no dividend  yield;  an expected  life of the
options of 25 months to 35 months; and a volatility factor of 88.10% to 307.10%.

NOTE 13 - LIABILITY FOR STOCK SUBSCRIPTIONS RECEIVED
Liability  for  stock   subscribed   represents   amounts  received  for  equity
investments  for which shares of common stock remain  unissued at June 30, 2006.
As of March 31,  2006,  4,126,668  shares with an  aggregate  purchase  price of
$470,000 were subscribed but unissued.

On May 12, 2006, the Company received $25,000 for the purchase of 208,334 shares
of common stock.  On the same date,  as a result of a certain  stock  redemption
from a certain stockholder and former director,  the Company issued all of these
shares.

As a  result  of the  aforementioned  transactions,  4,126,668  shares  with  an
aggregate purchase price of $470,000 remained subscribed and unissued as of June
30, 2006.

NOTE 14 - LIABILITY TO STOCKHOLDERS FOR SHARES REDEEMED

In December 2004 and at various times during 2005,  the Company's  president and
other  stockholders  agreed  to allow  the  Company  to  redeem  shares of their
respective common stock in order to allow the Company to fulfill its obligations
to certain consultants and investors. This was as a result of the Company having
already  issued all of its shares of  authorized  common  stock.  The  agreement
states that the Company will reissue to its president and the other stockholders
the same number of shares  redeemed as soon as is reasonably  practical and that
the president  and other  stockholders  will receive no additional  compensation
beyond the re-issuance of the number of shares of common stock redeemed.

As of March 31,  2006,  the  Company  had  redeemed  17,123,933  shares  with an
aggregate value of $2,567,893,  which is the liability's  carrying value at that
date. During the quarter ended June 30, 2006, the Company redeemed an additional
208,334 shares of its common stock from a stockholder  and former director to be
reissued to a certain investor in satisfaction of a stock subscription  received
on May 12, 2006. The value of the additional shares redeemed,  on the redemption
date, was $12,500 which will be added to the liability's carrying value.

As a result of the aforementioned redemption,  17,332,267 shares of common stock
with an aggregate  carrying  value of $2,580,393  had been redeemed and remained
unissued.  If and when  authorized  shares are sufficient to reissue the shares,
the amount will be reclassified to additional paid-in capital.

NOTE 15 - CAPITAL STOCK

NUMBER OF SHARES OF COMMON STOCK AUTHORIZED, ISSUED AND OUTSTANDING
Under the Company's charter, 100,000,000 shares of $0.001 par value common stock
are  authorized.  As of June 30, 2006,  100,000,000  shares of Common Stock were
issued and outstanding.

On August 18, 2006,  at a special  meeting of the  Company's  stockholders,  the
stockholders approved the increase in the Company's authorized common stock from
100 million shares to 245 million shares.

As of June 30, 2006, the Company was committed to re-issuing  17,332,267  shares
of common stock to various  shareholders in  satisfaction of various  redemption
agreements.

The Company had entered into  agreements with various vendors to issue shares of
common stock in  satisfaction  of amounts  payable for services  rendered to the
Company  during  2005  and  in  prior  years.  In  addition,   there  are  stock
subscriptions  representing  equity investments for which shares of common stock
have not been issued (see below).  The total number of shares to be issued as of
June 30, 2006 was 7,225,002 shares.

                                       13
<PAGE>

                     ADVANCED LUMITECH, INC. AND SUBSIDIARY
             Notes to Consolidated Financial Statements - continued
              For the Six Months Ended June 30, 2006 (As Restated)

NOTE 15 - CAPITAL STOCK - continued

NUMBER OF SHARES OF COMMON STOCK AUTHORIZED,  ISSUED AND OUTSTANDING - continued
In total,  as of June 30, 2006, the Company was committed to issue an additional
24,557,269 shares of common stock.


ISSUANCES OF COMMON STOCK
On January 27,  2006, a  stockholder  partially  exercised  warrants to purchase
195,834  shares of the Company's  common stock at an exercise price of $0.12 per
share, for an aggregate exercise price of $23,500.

On May 12, 2006, an investor  subscribed  for the purchase of 208,334  shares of
the  Company's  common  stock at a  purchase  price of $0.12 per  share,  for an
aggregate purchase price of $25,000. These shares were issued on May 12, 2006.

NOTE 16 - STOCK OPTIONS

ACCOUNTING FOR STOCK OPTIONS
In the second quarter of 2005, the Company's Board of Directors  granted options
to employees and/or directors to purchase  20,000,000  shares of common stock at
an exercise  price of $0.12 per share,  to be fully  vested as of April 28, 2005
and  exercisable  for a period of ten years.  However,  these options  cannot be
exercised  because  the  number of  potential  common  shares to be issued  upon
exercise  of the  options  exceeds  the  number of shares  authorized  under the
Company's  charter.  Any  increase  to the number of shares of common  stock the
Company is authorized to issue requires the approval of the stockholders,  which
has not yet occurred.  Awards made that are subject to stockholder  approval are
not  deemed to be  granted  for  accounting  purposes  until  that  approval  is
obtained.  Accordingly, any obligation related to these options has not yet been
estimated for disclosure in accordance with the Company's accounting policies.

Effective January 1, 2006, the Company adopted SFAS Statement No. 123(R), "Share
Based Payment" ("SFAS 123(R)"),  utilizing the "modified  prospective" method as
described in SFAS 123(R).  In the "modified  prospective"  method,  compensation
cost is recognized for all share-based payments granted after the effective date
and for all unvested  awards granted prior to the effective  date. In accordance
with SFAS 123(R),  prior  period  amounts  were not  restated.  SFAS 123(R) also
requires  the tax  benefits  associated  with these  share-based  payments to be
classified as financing  activities in the Statement of Cash Flows,  rather than
operating cash flows as required under previous regulations. There was no effect
to the Company's  financial position or results of operations as a result of the
adoption of this Standard.

Prior to the effective  date,  the Company  accounted for  stock-based  employee
compensation  under Accounting  Principles Board Opinion No. 25, "Accounting for
Stock Issued to Employees" and related interpretations.

There were no stock options  granted to employees of the Company  during the six
months ended June 30, 2006.

Stock options and warrants granted to  non-employees  are recorded at their fair
value,  as determined in  accordance  with SFAS 123(R) and Emerging  Issues Task
Force Consensus No. 96-18 and recognized over the related service period.

NOTE 17 - RECENT ACCOUNTING PRONOUNCEMENTS
In May 2005, the Financial  Accounting Standards Board ("FASB") issued Statement
of Financial Accounting Standard ("SFAS") Statement No. 154, "Accounting Changes
and Error  Corrections", replacing APB Opinion No. 20, "Accounting  Changes" and
FASB  Statement  No.  3, "Reporting  Accounting  Changes  in  Interim  Financial
Statements"  (SFAS 154).  SFAS 154 provides  guidance on the  accounting for and
reporting of accounting  changes and error corrections.  It establishes,  unless
impracticable,  retrospective application as the required method for reporting a
change  in   accounting   principle  in  the  absence  of  explicit   transition
requirements specific to the newly adopted accounting  principle.  SFAS 154 also
provides guidance for determining whether retrospective  application of a change
in  accounting  principle  is  impracticable  and for  reporting  a change  when
retrospective  application  is  impracticable.  The  provisions  of SFAS 154 are
effective  for  accounting  changes  and  corrections  of errors  made in fiscal
periods  beginning  after  December 15, 2005.  The adoption of the provisions of
SFAS 154 is not expected to have a material  impact on the  Company's  financial
position or results of operations.

                                       14
<PAGE>

                     ADVANCED LUMITECH, INC. AND SUBSIDIARY
             Notes to Consolidated Financial Statements - continued
              For the Six Months Ended June 30, 2006 (As Restated)


NOTE 17 - RECENT ACCOUNTING PRONOUNCEMENTS - continued

In February 2006, the FASB issued SFAS No. 155,  "Accounting  for Certain Hybrid
Financial  Instruments"  (SFAS 155), which amends SFAS No. 133,  "Accounting for
Derivative  Instruments  and  Hedging  Activities"  (SFAS 133) and SFAS No. 140,
"Accounting for Transfers and Servicing of Financial  Assets and  Extinguishment
of  Liabilities"  (SFAS  140).  SFAS 155  amends  SFAS 133 to  narrow  the scope
exception for  interest-only  and  principal-only  strips on debt instruments to
include only such strips  representing  rights to receive a specified portion of
the contractual  interest or principle cash flows. SFAS 155 also amends SFAS 140
to  allow  qualifying  special-purpose  entities  to hold a  passive  derivative
financial  instrument  pertaining to beneficial  interests that, in itself, is a
derivative  instrument.  The  adoption  of the  provisions  of  SFAS  155 is not
expected  to have a  material  impact on the  Company's  financial  position  or
results of operations.

In June  2006,  the FASB  issued  FASB  Interpretation  No. 48, "Accounting  for
Uncertainty  in  Income  Taxes" (FIN  48) an  interpretation  of SFAS  No.  109,
Accounting for Income Taxes,  which  clarifies the accounting for uncertainty in
income  taxes.  FIN  48  prescribes  a  recognition  threshold  and  measurement
attribute for the  financial  statement  recognition  and  measurement  of a tax
position  taken or  expected  to be taken in a tax  return.  The  Interpretation
requires that the Company recognize in the financial statements, the impact of a
tax  position,  if that  position is more likely than not of being  sustained on
audit,  based on the  technical  merits of the  position.  FIN 48 also  provides
guidance  on   de-recognition   of  a  previously   recognized   tax   position,
classification,  interest  and  penalties,  accounting  in interim  periods  and
disclosures.  The provisions of FIN 48 are effective  beginning  January 1, 2007
with the cumulative effect of the change in accounting  principle recorded as an
adjustment to the opening balance of retained earnings.  The Company will assess
the  potential  impact  the  adoption  of this  Interpretation  may  have on its
financial position or results of operations.

                                       15
<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
The following discussion of the financial condition and results of operations of
the  Company  should  be read in  conjunction  with the  Consolidated  Financial
Statements and Notes thereto included elsewhere in this Amended Quarterly Report
on Form  10-QSB/A  and our Annual  Reports on Forms  10-KSB and 10-KSB/A for the
year ended December 31, 2005.  This Quarterly  Report on Form 10-QSB/A  contains
forward-looking  statements  based  on our  current  expectations,  assumptions,
estimates  and   projections   about  the  Company  and  our   industry.   These
forward-looking  statements are usually accompanied by words such as "believes",
"anticipates",  "plans",  "expects"  and  similar  expressions.  Forward-looking
statements  involve risks and  uncertainties  and our actual  results may differ
materially from the results anticipated in these forward-looking statements as a
result of certain  factors.

CRITICAL ACCOUNTING POLICIES
Certain of the Company's  accounting policies are particularly  important to the
portrayal and understanding of its financial  position and results of operations
and require the application of significant judgment by management.  As a result,
these  policies are subject to an inherent  degree of  uncertainty.  In applying
these policies,  the Company uses its judgment in making certain assumptions and
estimates.  The Company's critical  accounting  policies,  which include revenue
recognition,  account receivable reserves and inventories,  are described in the
Amended  Annual  Report on Form  10-KSB/A for the year ended  December 31, 2005.
Except as  described  in NOTE 1 -  OPERATIONS  -  Restatement  of June 30,  2006
Interim Consolidated  Financial Statements,  there have been no material changes
to the Company's critical accounting policies as of and for the six months ended
June 30, 2006.

RESULTS OF OPERATIONS

THREE AND SIX MONTH  PERIODS  ENDED JUNE 30,  2006  COMPARED  WITH THREE AND SIX
MONTH PERIODS ENDED JUNE 30, 2005

REVENUES
The Company's revenue, net of returns,  allowances and discounts, for the three-
and six month periods ended June 30, 2006, was $7,012 and $10,588, respectively,
compared to $48,916 and $84,358,  respectively  for the comparable three and six
month  periods of 2005.  This  decrease in revenue is primarily  due to the fact
that in the comparable periods of 2005, the Company made commercial sales of the
Company's Luminescent Product, which was sold to a major poster board and inkjet
paper marketer that introduced a  "Glow-in-the-Dark  Sign Kit" that includes two
sheets of Brightec's  glow-in-the  dark paper in an 11"x14"  poster board format
and two "Inkjet Glow in the Dark Photo Quality  Paper Packs" one including  five
sheets  of  Brightec  glow-in-dark  paper  in an  4"x6"  format  and the  second
including three sheets of Brightec glow-in-dark paper in an 8.5"x11" format.

The Company was unable to make  additional  sales of its product  because it had
not  achieved  sufficient  cost  reductions  to  make  the  Luminescent  Product
commercially  viable and realize the margins that the Company sought to realize.
The cost to produce the Luminescent Product was at a level that drove the retail
price point higher and did not allow the Company to introduce its product in the
retail market at a price which retail customers were willing to pay. The Company
is attempting to reduce its  production  costs in order to compete  favorably in
the marketplace.

GROSS PROFIT
The  Company's  gross  profit was $3,871  (55.21%)  and $5,687  (53.71%) for the
three- and six month  periods ended June 30, 2006,  respectively,  compared to a
gross  profit  percentage  of $11,604  (23.72%)  and  $12,943  (15.34%)  for the
comparable  three- and six month  periods in fiscal  2005.  The  increase in the
gross  profit  percentage  was  primarily  due to continued  improvement  in the
manufacturing  cost of the  Company's  products  for the  three-  and six  month
periods  ended June 30, 2006.  In order to continue to increase its gross profit
percentage and compete  favorably in the  marketplace,  the Company will need to
continue lower its manufacturing costs.

In addition,  during the comparable  period of 2005, the Company was required to
reduce its sales price to the marketer to which it made the commercial  sale, in
order for that  marketer to maintain  its own profit  margins.  Sales  occurring
during the three- and six month periods ended June 30, 2006,  were made directly
to online  customers  through the Company's  website and to another  company for
resale.  These sales did not  require any  reductions  in sales  price,  thereby
resulting in the increased gross profit margin achieved.

                                       16
<PAGE>

RESEARCH AND DEVELOPMENT EXPENSES
Research and development  expenses decreased by $22,788 to $30,832 from $53,620,
for the  three  month  periods  ended  June 30,  2006  and  2005.  Research  and
development  expenses decreased by $18,594 to $61,611 from $80,255,  for the six
month periods ended June 30, 2006 and 2005.

The decrease in research and  development  expenses for the three- and six month
periods ended June 30, 2006 was primarily due to a shift in the Company's  focus
from  research  and  development  related to  developing a  commercially  viable
product,  which was achieved by the end of the first quarter of 2006, to selling
and marketing  that  commercially  viable  product,  beginning by the end of the
second quarter of 2006.

SELLING AND MARKETING EXPENSES
Selling and marketing  expenses  decreased $2,466 to $1,885 from $4,351, for the
three month periods ended June 30, 2006 and 2005. Selling and marketing expenses
decreased  $33,452 from $37,523 to $4,071,  for the six month periods ended June
30, 2006 and 2005.

The decrease in selling and  marketing  expenses was primarily due to a decrease
in  professional  fees and consulting  services,  which  consisted  primarily of
terminating  the services of a marketing  consultant,  a marketing and corporate
branding consultant and a public relations firm.

Although the Company  began  concentrating  its efforts on selling and marketing
the  commercially  viable product that it achieved during the first quarter,  it
did not start  those  selling  and  marketing  efforts  until late in the second
quarter.

GENERAL AND ADMINISTRATIVE
General and administrative  expenses consisted  primarily of the compensation of
the executive officer,  payroll and related taxes and benefits, rent, as well as
legal, accounting and consulting fees.

General  and  administrative  expenses  decreased  by $78,486  to  $89,193  from
$167,679,  for the three month periods ended June 30, 2006 and 2005. General and
administrative expenses decreased by $112,295 from $301,448 to $189,153, for the
six month periods ended June 30, 2006 and 2005.

The  decrease in 2006 was  primarily  due to a decrease in legal and  accounting
fees  relating to filings  with the  Securities  and Exchange  Commission  and a
decrease  in  consulting  fees.  The  decrease  in 2006 was offset by  increased
payroll costs for current  employees who were not employed by the Company during
the comparable periods in 2005.

OTHER INCOME (EXPENSE)

INTEREST INCOME
For each of the  three-  and six month  periods  ended  June 30,  2006 and 2005,
interest income was $3,148 and $6,261, respectively.  Interest income was earned
on the note receivable from a related party.

FOREIGN EXCHANGE GAINS (LOSSES):
The Company pays all of the expenses of its  subsidiary,  which are comprised of
general and  administrative  expenses and expenses for research and development.
Expenses of the subsidiary are denominated in Swiss francs, translated into U.S.
dollars and recorded by the Company on the invoice date. Differences between the
amount of U.S dollars  required to purchase  sufficient  Swiss francs to pay the
subsidiary's  liabilities  on the invoice  date,  and the required  amount of US
dollars to purchase Swiss francs when the subsidiary's  liabilities are actually
paid,  are  recorded  as charges or  credits to the income  statement  under the
caption "Foreign  exchange gains (losses)." For the three- and six month periods
ended June 30,  2006 and 2005,  gains  recognized  from these  differences  were
$17,656, $0, $17,656 and $129, respectively.

GAIN (LOSS) ON VALUE OF DERIVATIVE LIABILITIES:
The gain (loss) on value of derivative liabilities of $56,373, $72.348, $235,487
and  ($34,721)  for the  three- and six  months  ended  June 30,  2006 and 2005,
respectively, relates to derivative liabilities of the warrants. Such derivative
liabilities  are  required  to  be  marked-to-market  under  generally  accepted
accounting  principles.  See NOTE 12 -  WARRANT  LIABILITY  in the  Consolidated
Financial Statements for a further discussion.

                                       17
<PAGE>

INTEREST EXPENSE
For the three  month  period  ended  June 30,  2006,  interest  expense,  net of
interest income was $5,404 and $2,700,  respectively.  Interest  expense in 2006
included  $4,472  relating  to  borrowings  under the Line of Credit and $932 to
related parties. Interest expense in 2005 was solely to related parties. For the
six month periods ended June 30, 2006 and 2005,  interest expense was $6,499 and
$6,080,  respectively.  Interest  expense in 2006  included  $4,472  relating to
borrowings  under the Line of Credit  and $2,027 to  related  parties.  Interest
expense in 2005 was solely to related parties.

INCOME TAXES
The Company has not  calculated  the tax benefits of its net  operating  losses,
since it does not have the required information. Due to the uncertainty over the
Company's  ability to utilize these operating  losses,  any deferred tax assets,
when  determined,  would be fully offset by a valuation  allowance.  The Company
currently  anticipates beginning the process of preparing all of its outstanding
tax  reporting  obligations  by the  end of the  third  quarter  of  2006,  with
completion anticipated by the end of the third quarter of 2007.

LIQUIDITY  AND  CAPITAL  RESOURCES  AS OF JUNE 30,  2006  Since  inception,  the
Company's  operations  have not  generated  sufficient  cash flow to satisfy the
Company's  capital  needs.  The Company has  financed its  operations  primarily
through the  private  sale of shares of its common  stock,  warrants to purchase
shares of the  Company's  common  stock and debt  securities.  The  Company  has
generated,  from inception  through June 30, 2006,  cumulative net cash proceeds
from the sale of its equity of  approximately  $4.95 million.  The Company's net
working capital deficit at June 30, 2006 was $4,323,812.

The Company's  authorized capital stock consists of 100,000,000 shares of common
stock, of which, 100,000,000 were issued and outstanding at June 30, 2006. As of
June 30,  2006,  the Company had also made  commitments  to issue an  additional
24,557,269  shares of common  stock.  The  number of shares  committed  excludes
shares of common stock to be issued upon the exercise of outstanding options and
warrants.  Amounts  received for certain of these additional  committed  shares,
which were purchased for cash,  are reflected on the Company's  balance sheet as
"Stock  Subscribed."  Amounts  received for the remaining  additional  committed
shares, that are to be issued in exchange for consulting services or in exchange
for  settlement  of  obligations  owed  by the  Company,  are  reflected  in the
Company's balance sheet, as "Liability for Shares to be Issued."

In addition,  on June 8, 2006, the Company  secured a $750,000 Loan and Security
Agreement with Ross/Fialkow. The terms of the of the Loan and Security Agreement
with  Ross/Fialkow  are as disclosed in Form 8-K filed with the  Securities  and
Exchange  Commission  on  June  30,  2006  and as  disclosed  in  the  financial
statements  annexed hereto. A summary of the significant  terms of the Agreement
are as follows:

1.  A credit line of up to $750,000.
2.  Principal and accrued  interest are due on May 31, 2007,  unless extended by
    Ross/Fialkow in writing at its sole discretion.
3.  At  Ross/Fialkow's  option to be exercised in writing prior to May 31, 2007,
    all or any portion of the loan as may be  outstanding as of the date of such
    exercise may be converted at any time into common stock at a purchase  price
    of $.12 per share.
4.  There is a commitment fee of five (5%) percent of the credit line ($37,500).
5.  Interest on the  outstanding  balances  will be equal to a per annum rate of
    twenty  (20%)  percent,  which  shall be  payable  monthly in arrears on the
    eighth day of each month, commencing on June 8, 2006.
6.  The Company  issued a warrant to purchase up to  1,500,000  shares of common
    stock at a price of $0.12 per share.
7.  The  Company has granted a security  interest  in  substantially  all of its
    assets.

As of June 30, 2006, the Company borrowed $350,000 under the Agreement.

At various times in 2004 and 2005, the Company's principal stockholder and other
stockholders  of the Company  agreed to allow the  Company to redeem  16,928,099
shares of their  common  stock for no  consideration  to allow  the  Company  to
fulfill its  commitments  to issue shares to  consultants  and  investors of the
Company. On January 27, 2006 and May 12, 2006, a stockholder and former director
of the  Company,  agreed to allow the  Company to redeem an  additional  404,168
shares  of his  common  stock in  order to allow  the  Company  to  fulfill  its
obligation under the partial exercise of an outstanding stock warrant by another
stockholder.

                                       18
<PAGE>

Cash increased to $108,289 at June 30, 2006 from $2,445 at December 31, 2005.

Net cash used for  operating  activities  for the six months ended June 30, 2006
was $231,807. The primary reason for the decrease was to fund operations for the
period.  Without the gain on value of derivative  liabilities  of $235,487,  the
Company would have lost $202,545.

Net cash provided by financing activities for the six months ended June 30, 2006
was  $351,900.  The net cash  provided  was the result of  borrowings  under the
aforementioned  Loan and  Security  Agreement  of  $350,000,  cash  received  of
$120,000  from the sale and  subscription  of common  stock and the  exercise of
warrants and advances  made by related  parties of $95,600,  net of repayment of
advances  from  related  parties of $176,200  and payment of deferred  financing
expenses of $37,500.

ABILITY TO CONTINUE AS A GOING CONCERN
At June 30, 2006,  the Company has generated  minimal  revenues from  commercial
sales  of the  Company's  products.  To  date,  the  Company's  operations  have
generated  accumulated  losses of  $10,740,045.  At June 30, 2006, the Company's
current  liabilities  exceed its current  assets by  $4,323,812.  The  Company's
ability to remedy this  condition  is  uncertain  due to the  Company's  current
financial  condition.   These  conditions  raise  substantial  doubt  about  the
Company's  ability to continue as a going concern.  The Company  believes it has
the  ability to obtain  additional  funds  from its  principal  stockholders  or
through the issuance of additional debt or equity securities.  In June 2006, the
Company  entered into a $750,000  Agreement as described  above.  The Company is
continuing  discussions  with  investors  in its  effort  to  obtain  additional
financing.  However, there can be no assurances that the Company will be able to
raise the funds it requires, or that if such funds are available, that they will
be available on  commercially  reasonable  terms.  Our auditors  have included a
"going  concern"  qualification  in their  auditors'  opinion for the year ended
December  31,  2005.  Such a  "going  concern"  qualification  may  make it more
difficult for the Company to raise funds when needed.

The  ability  of the  Company  to  continue  to  operate  as a going  concern is
primarily  dependent  upon the ability of the Company to generate the  necessary
financing to  effectively  market and produce  Brightec  products,  to establish
profitable  operations and to generate  positive  operating  cash flows.  If the
Company  fails to raise  funds or the  Company is unable to  generate  operating
profits and positive cash flows,  there are no assurances  that the Company will
be able to  continue  as a going  concern  and it may be unable to  recover  the
carrying value of its assets.  Management believes that it will be successful in
generating the necessary financing to fund the Company's  operations through the
2006 calendar  year.  Accordingly,  management  believes that no  adjustments or
reclassifications of recorded assets and liabilities are necessary at this time.

CREDIT AVAILABILITY
On June 8, 2006, the Company entered into a $750,000 Loan and Security Agreement
as described above and in the Company's Form 8-K filing on June 30, 2006.

COMMITMENTS
The Company had no material capital expenditure commitments as of June 30, 2006.

EFFECTS OF INFLATION
Management believes that financial results have not been significantly  impacted
by inflation and price changes.

                                       19
<PAGE>

ITEM 3.  CONTROLS AND PROCEDURES
During the last five years,  the Company did not have an accounting  department,
but instead relied on outside bookkeeping  services to record financial activity
and consultants to assist in the preparation of its financial  statements.  Upon
the completion of the audit of the December 31, 2005 financial  statements,  the
Company received a letter from its independent registered public accounting firm
indicating  that  the  Company  has  material  weaknesses  with  respect  to (1)
accurately  recording  day-to-day  transactions,  (2) the lack of segregation of
duties,  (3) the approval of significant  transactions in a timely manner by the
Company's   Board  of  Directors  and  (4)  the  preparation  of  its  financial
statements,  in an accurate and timely fashion.  The Company's management agrees
with the assessment of the Company's  independent  registered  public accounting
firm and is developing a plan to address these material weaknesses.

As of  June  30,  2006,  the  Company  carried  out  an  evaluation,  under  the
supervision and with the  participation of the Company's  management,  including
the Company's Chief Executive Officer, Chief Financial Officer and Treasurer, of
the  effectiveness  of the  design and  operation  of the  Company's  disclosure
controls  and  procedures  pursuant  to Rule  13a-14  under the  Securities  and
Exchange of 1934, as amended.

During the calendar  years ended  December 31, 2004 and 2005,  as well as during
the six months  ended June 30,  2006,  the Company had  insufficient  numbers of
internal personnel possessing the appropriate knowledge, experience and training
in applying  accounting  principles  generally accepted in the United States and
reporting financial  information in accordance with the requirements of the SEC.
The evaluation  found  insufficient  controls over  dissemination of information
regarding  non-routine  and complex  transactions,  which  resulted in incorrect
treatment and lack of proper analysis of such  transactions by accounting staff.
This  weakness  resulted in  material  adjustments  proposed by our  independent
registered accountants with respect to our financial statements for our calendar
years ended  December 31, 2004 and 2005. As a result,  the figures for the three
and six months  ended March 31,  2006,  which are  presented  in this  document,
required restatement from their previous filing.  Management believes this issue
to be  material  and  therefore,  deemed the design and  operation  of  internal
control in place at December 31, 2004 and 2005 and for the three- and six months
periods ended June 30, 2006, to be ineffective.

In late 2005, the Company hired a CPA to oversee the  accounting  department and
coordinate  the efforts of analysis and  dissemination.  These  efforts  include
design  changes and related  monitoring of the internal  control  system.  While
there has been a tremendous  improvement  in the internal  control system in the
first six  months of 2006,  the  system is still  undergoing  change in order to
satisfy the requirements of appropriate  internal  controls.  It is management's
intention  to  address   accounting  issues  on  a  timely  basis,  and  prevent
misstatement based on errors and/or lack of understanding.

The  Company's  management  and board of  directors  are fully  committed to the
review  and  evaluation  of the  procedures  and  policies  designed  to  assure
effective internal control over financial reporting.  It is management's opinion
that this new  addition  to the  internal  accounting  staff will  assist in the
establishment  of an effective  design and  operation  of the  internal  control
system and therefore, improve the quality of future period financial reporting.

                                       20
<PAGE>

PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS
There are no material legal proceedings  pending to which the Company is a party
or to which any of its properties are subject.

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following  equity  transactions  occurred during the period April 1, 2006 to
June 30,  2006 and were not  registered  under the  Securities  Act of 1933,  as
amended (the "Securities Act").

On May 12, 2006, the Company received and issued shares for a stock subscription
received from an investor to purchase  208,334  shares of the  Company's  common
stock for an aggregate purchase price of $25,000.

On June 8,  2006,  the  Company  entered  into the  $750,000  Loan and  Security
Agreement  with  Ross/Fialkow.  At the election of  Ross/Fialkow,  the principal
amount of the loan plus accrued but unpaid  interest,  if any, is convertible at
any time prior to payment into the  Company's  common stock at the rate of $0.12
per share. If the full principal  amount of the loan were converted,  the number
of shares of common stock to be issued upon  conversion  would be 6,250,000 (the
"Conversion  Shares").  The  Conversion  Shares  carry  piggy-back  registration
rights.

In  connection  with the Loan and  Security  Agreement,  the  Company  issued to
Ross/Fialkow a warrant to purchase up to 1,500,000 shares (the "Warrant Shares")
of the Company's common stock at an exercise price of $0.12 per share,  expiring
May 31, 2009.  The Warrant  Shares carry  piggy-back  registration  rights.  The
Warrant's  fair market  value on the date of issuance,  using the  Black/Scholes
method of valuing  options and warrants,  was $68,975.  The value of the Warrant
was  recorded as a deferred  financing  expense  and an  increase to  additional
paid-in  capital on the  Company's  balance  sheet.  The value of the Warrant is
being  amortized  over the term of the related Loan and Security  Agreement  (12
months).

All  shares  of  common  stock  issued  by  the  Company  were  issued   without
registration  pursuant to the exemption from  registration  contained in Section
4(2) of the Securities Act of 1933, as amended.  All purchasers of shares of the
Company's  common  stock who  purchased  such  shares  of common  stock for cash
represented that they were acquiring the securities for investment and for their
own account.  All purchasers of the Company's common stock who are United States
residents and purchased such securities for cash also represented to the Company
that they were accredited investors as of the date of such investment.  A legend
was  placed on the stock  certificates  representing  all  securities  purchased
stating that the securities  have not been  registered  under the Securities Act
and cannot be sold or otherwise transferred without an effective registration or
an exemption there from.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES
Not Applicable

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
Not Applicable

ITEM 5.  OTHER INFORMATION
Not Applicable

                                       21
<PAGE>

ITEM 6.  EXHIBITS

NUMBER   DESCRIPTION OF EXHIBIT
------   -----------------------------------------------------------------------
  31     Certification  of  Patrick  Planche,   President  and  Chief  Executive
         Officer,  pursuant to Rule 13a-14(a) of the Securities  Exchange Act of
         1934, as amended.

  32     Certification  of  Patrick  Planche,   President  and  Chief  Executive
         Officer,  pursuant to 18 U.S.C.  Section 1350,  as adopted  pursuant to
         Section 906 of the Sarbanes-Oxley Act of 2002.

                                       22
<PAGE>

                                   SIGNATURES

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

                                      ADVANCED LUMITECH, INC.

Date:  May 7, 2007                    By:  /s/ Patrick Planche
                                           -------------------------------------
                                           Patrick Planche
                                           President and Chief Executive Officer

                                       23
<PAGE>

                                  EXHIBIT INDEX

NUMBER   DESCRIPTION OF EXHIBIT
------   -----------------------------------------------------------------------
  31     Certification  of Chief Executive and Financial  Officer Pursuant to 18
         U.S.C  Section  1850,  As  Adopted  Pursuant  to  Section  302  of  the
         Sarbanes-Oxley Act of 2002. (filed herewith)                        E-1

  32     Certification of Chief Executive and Financial Officer Pursuant to Rule
         13a-14(b) of the Exchange Act and 18 U.S.C.  Section  1850,  as Adopted
         Pursuant  to  Section  906 of the  Sarbanes-Oxley  Act of 2002.  (filed
         herewith)                                                           E-2

                                       24