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 March 31, 2005

                                       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. [ ]Yes [X] No

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure  will be contained,  to
the best of Company's knowledge,  in definitive proxy or information  statements
incorporated  by reference  in Part III of this Form 10-KSB or any  amendment to
this Form 10-KSB. [ ]

The Company had 100,000,000 shares of Common Stock, $0.001 par value, issued and
outstanding as of March 31, 2005.

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

<PAGE>

STATEMENT REGARDING THIS AMENDMENT

The  Company is  amending  its Form  10-QSB for the period  March 31,  2005,  as
previously filed on August 17, 2005.

A.  Subsequent  to  the  original  issuance  of the  Company's  March  31,  2005
consolidated  financial  statements,  and based upon a further evaluation of the
factors  utilized in determining  the accounting and  presentation of a December
2004 redemption of certain  stockholder's  common stock to permit the Company to
issue a like number of shares to other  investors  that held  subscriptions  for
shares of common stock, the Company  determined that the redemption  should have
been accounted for as a liability;  not as a component of stockholders' deficit.
At December 31, 2004, the Company recognized the liability of $13,195.

B.  The Company determined that  subscriptions  received for the purchase of the
Company's  common  stock  totaling  $1,262,000  and  $850,000,  were  improperly
classified  as a  component  of  stockholders'  deficit as of March 31, 2005 and
December 31, 2004, respectively, and should have been classified as a liability.

C.  At December 31,  2004,  the Company  revalued  certain  options  issued to a
former  consultant  in  satisfaction  of claims made  against the  Company.  The
Company determined that the measurement date and volatility factor used to value
the options  under the  Black/Sholes  method  were  incorrect.  The  revaluation
resulted in an increase of additional  paid-in  capital in the amount of $90,524
and an increase in accumulated deficit of $90,524.

D.  The Company  determined that warrants issued for the purchase of the Company
common stock should have been  accounted for as a liability;  not as a component
of stockholders'  deficit. The Company recorded an initial liability of $82,341.
During the three months ended March 31,  2005,  warrants  valued at $27,106 were
exercised.  The Company is required to revalue the  liability at the end of each
reporting period. Accordingly,  the Company increased the value of the liability
by  $107,069  and  recognized  a loss on  value  of  derivative  liabilities  of
$107,069.

E.  The Company determined that the liability for shares to be issued to various
vendors and creditors  was  improperly  classified as a long-term  liability and
should have been classified as short term. The liability  represents amounts due
to vendors for their respective services used in the ordinary course of business
and such vendors could demand payment at any time. The  reclassification  had no
effect  on the net  loss or  stockholders'  deficit  as of  March  31,  2005 and
December 31, 2004 and for the three-months and year then ended, respectively.

The effect of these  restatements was to increase the net loss of the Company by
$107,069  (less  than $0.01 per share)  and  increase  stockholders'  deficit by
$1,437,499.

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 17, 2005.  This  amendment  should also be read in conjunction
with our amended  Quarterly Reports on Form 10-QSB/A for the quarters ended 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

           Restatement of March 31, 2005 Consolidated
             Financial Statements                                            4

           Introductory Statement                                        4 - 5

Part I.    Financial Information
           ---------------------

     Item 1.    Financial Statements

                Consolidated Balance Sheets at March 31, 2005 and
                  December 31, 2004                                          6

                Consolidated Statements of Operations for the Three
                  Months Ended March 31, 2005 and 2004                       7

                Consolidated Statements of Cash Flows for the Three
                  Months Ended March 31, 2005 and 2004                       8

                Notes to Consolidated Financial Statements              9 - 13

     Item 2.    Management's Discussion and Analysis of Financial
                  Condition And Results of Operations                  14 - 19

     Item 3.    Quantitative and Qualitative Disclosures about
                  Market Risk                                               20

     Item 4.    Controls and Procedures                                     21

Part II.   Other Information
           -----------------

     Item 1.    Legal Proceedings                                           22

     Item 2.    Unregistered Sales of Equity and Use of Proceeds            22

     Item 6.    Exhibits and Reports on Form 8-K                            23

Signatures                                                                  24

Exhibit Index                                                               25

Exhibits

     31         Certification of Chief Executive Officer and
                  Chief Financial Officer Pursuant to Section 203          E-1

     32         Certification of Chief Executive Officer Pursuant
                  to 18 U.S.C. Section 1350, As Adopted Pursuant
                  to Section 906 of the Sarbanes-Oxley Act of 2002         E-2

                                        3
<PAGE>

         Restatement of March 31, 2005 Consolidated Financial Statements

The Company is restating its March 31, 2005  consolidated  financial  statements
for the following matters:

A.  Subsequent  to  the  original  issuance  of the  Company's  March  31,  2005
consolidated  financial  statements,  and based upon a further evaluation of the
factors  utilized in determining  the accounting and  presentation of a December
2004 redemption of certain  stockholder's  common stock to permit the Company to
issue a like number of shares to other  investors  that held  subscriptions  for
shares of common stock, the Company  determined that the redemption  should have
been accounted for as a liability;  not as a component of stockholders' deficit.
At December 31, 2004, the Company recognized the liability of $13,195.  See Note
12 - Liability to Stockholder for Redeemed Shares.

B.  The Company determined that  subscriptions  received for the purchase of the
Company's  common  stock  totaling  $1,262,000  and  $850,000,  were  improperly
classified  as a  component  of  stockholders'  deficit as of March 31, 2005 and
December 31, 2004, respectively, and should have been classified as a liability.
See Note 11 - Liability for Stock Subscriptions Received.

C.  At December 31,  2004,  the Company  revalued  certain  options  issued to a
former  consultant  in  satisfaction  of claims made  against the  Company.  The
Company determined that the measurement date and volatility factor used to value
the options  under the  Black/Sholes  method  were  incorrect.  The  revaluation
resulted in an increase of additional  paid-in  capital in the amount of $90,524
and an increase in accumulated deficit of $90,524.

D.  The Company  determined that warrants issued for the purchase of the Company
common stock should have been  accounted for as a liability;  not as a component
of stockholders'  deficit. The Company recorded an initial liability of $82,341.
During the three months ended March 31,  2005,  warrants  valued at $27,106 were
exercised.  The Company is required to revalue the  liability at the end of each
reporting period. Accordingly,  the Company increased the value of the liability
by  $107,069  and  recognized  a loss on  value  of  derivative  liabilities  of
$107,069. See Note 10 - Warrant Liability.

E.  The Company determined that the liability for shares to be issued to various
vendors and creditors  was  improperly  classified as a long-term  liability and
should have been classified as short term. The liability  represents amounts due
to vendors for their respective services used in the ordinary course of business
and such vendors could demand payment at any time. The  reclassification  had no
effect  on the net  loss or  stockholders'  deficit  as of  March  31,  2005 and
December 31, 2004 and for the  three-months  and year then ended,  respectively.
See Note 9 - Liability for Shares to be Issued.

The effect of these  restatements was to increase the net loss of the Company by
$107,069  (less  than $0.01 per share)  and  increase  stockholders'  deficit by
$1,437,499.

                             Introductory Statement

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 and Section 21E of the Securities Exchange Act
of 1934.  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.  The Company is including  this
cautionary  statement  in this  Form  10-QSB/A  to make  applicable  and to take
advantage of the safe harbor  provisions  of the Private  Securities  Litigation
Reform Act of 1995 for any  forward-looking  statements  made by or on behalf of
us.  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

                                       4
<PAGE>

                       Introductory Statement - continued

limitation   statements   concerning   expected  revenues,   earnings,   product
introductions  and general market  conditions,  may  constitute  forward-looking
statements as that term is defined in the Private  Securities  Litigation Reform
Act of 1995. 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.

The Company will provide 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
450  Fifth  Street,  N.W.,  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>
<TABLE>
<CAPTION>

                          PART 1. FINANCIAL INFORMATION
                          ITEM 1. FINANCIAL STATEMENTS

                     Advanced Lumitech, Inc. and Subsidiary
                           Consolidated Balance Sheets

                                                                   (Unaudited)          (Audited)
                                                                  March 31, 2005    December 31, 2004
                                                                -----------------   -----------------
                                                                  (As Restated)       (As Restated)
<S>                                                             <C>                 <C>
ASSETS
Current assets
     Cash                                                       $          73,357   $           4,310
     Accounts receivable                                                   31,912                  --
     Interest receivable, related party                                    40,266              38,750
     Inventory                                                             32,524              31,348
                                                                -----------------   -----------------
                                         TOTAL CURRENT ASSETS             178,059              74,408
                                                                -----------------   -----------------
Office and photographic equipment                                          23,511              23,511
Less accumulated depreciation                                             (23,511)            (23,511)
                                                                -----------------   -----------------
                                                                               --                  --
                                                                -----------------   -----------------
Note receivable from related party                                        250,000             250,000
                                                                -----------------   -----------------
                                                 TOTAL ASSETS   $         428,059   $         324,408
                                                                =================   =================
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
     Current maturities of long-term debt                       $           3,487   $           3,505
     Accounts payable                                                     256,039             367,329
     Accrued liabilities                                                  266,680             243,219
     Advances from related party                                           32,196              64,196
     Liability for shares to be issued                                    497,000             467,000
     Warrant liability                                                    162,304                  --
     Liability for stock subscriptions received                         1,262,000             850,000
     Liability to stockholder for shares redeemed                          13,195              13,195
     Notes payable to related party                                        50,000             100,000
                                                                -----------------   -----------------
                                    TOTAL CURRENT LIABILITIES           2,542,901           2,108,444
                                                                -----------------   -----------------
Long-term liabilities
     Long-term debt, net of current maturities                            160,411             162,986
                                                                -----------------   -----------------
                                            TOTAL LIABILITIES           2,703,312           2,271,430
                                                                -----------------   -----------------
Stockholders' deficit
     Common stock                                                         100,000             100,000
     Additional paid-in capital                                         7,753,497           7,808,732
     Accumulated deficit                                              (10,269,428)         (9,999,219)
     Accumulated other comprehensive income                               140,678             143,465
                                                                -----------------   -----------------
                                                                       (2,275,253)         (1,947,022)
                                                                -----------------   -----------------
                                        TOTAL LIABILITIES AND
                                        STOCKHOLDERS' DEFICIT   $         428,059   $         324,408
                                                                =================   =================
</TABLE>

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

                                       6
<PAGE>
<TABLE>
<CAPTION>

                     Advanced Lumitech, Inc. and Subsidiary
                      Consolidated Statements of Operations
                                   (Unaudited)

                                                       For the Three Months Ending
                                                                March 31,
                                                      ------------------------------
                                                          2005              2004
                                                      -------------    -------------
                                                      (As Restated)
<S>                                                   <C>              <C>
Sales to third parties                                $      35,442    $     176,216
Cost of sales                                                34,103          169,273
                                                      -------------    -------------

Gross profit                                                  1,339            6,943
                                                      -------------    -------------
Operating expenses
     Research and development                                18,594           62,687
     Selling and marketing                                   33,452          168,399
     General and administrative                             112,295          138,175
                                                      -------------    -------------
                                                            164,341          369,261
                                                      -------------    -------------

Operating loss                                             (163,002)        (362,318)

Other income (expense)
     Loss on value of derivative liabilities               (107,069)              --
     Other                                                     (138)          (2,087)
                                                      -------------    -------------
                                                           (107,207)          (2,087)
                                                      -------------    -------------

Net loss                                                   (270,209)        (364,405)

Accumulated deficit - beginning                          (9,999,219)      (8,355,390)
                                                      -------------    -------------

Accumulated deficit - ending                          $ (10,269,428)   $  (8,719,795)
                                                      =============    =============

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

Weighted average number of shares used in
computation of basic and diluted net loss per share     100,000,000       98,283,620
                                                      =============    =============
</TABLE>

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

                                       7
<PAGE>
<TABLE>
<CAPTION>

                     Advanced Lumitech, Inc. and Subsidiary
                      Consolidated Statements of Cash Flows
                                   (Unaudited)

                                                                For the Three Months Ended
                                                                         March 31,
                                                                ---------------------------
                                                                    2005           2004
                                                                ------------   ------------
                                                               (As Restated)
<S>                                                             <C>            <C>
Cash flows from operating activities
Net loss                                                        $   (270,209)  $   (364,405)
Adjustments to reconcile net loss to net cash used for
     operating activities:
          Accrued interest on note receivable - related party         (1,516)        (3,406)
          Loss on value of derivative liabilities                    107,069             --
          Depreciation                                                    --            677
          Foreign exchange loss                                           --         (9,422)
          General and administrative expense associated
               with stock based transactions                          30,000         72,000
Changes in operating assets and liabilities:
     (Increase) decrease in:
          Accounts receivable                                        (31,912)      (235,087)
          Inventory                                                   (1,176)        38,011
     Increase (decrease) in:
          Accounts payable                                          (111,290)       136,785
          Accrued liabilities                                         23,461        (39,858)
                                                                ------------   ------------
Net cash used for operating activities                              (255,573)      (404,705)
                                                                ------------   ------------
Cash flows from financing activities
     Principal payments on long-term debt                             (2,593)        (1,679)
     Principal payments on note payable - related party              (50,000)            --
     Repayment of advances from related party                        (32,000)       (50,000)
     Cash received for sale of common stock, exercise of
          warrants and stock subscribed                              412,000        350,000
                                                                ------------   ------------
Net cash provided by financing activities                            327,407        298,321
                                                                ------------   ------------

Effects of changes in foreign exchange rates                          (2,787)        15,467
                                                                ------------   ------------

Net increase (decrease) in cash                                       69,047        (90,917)

Cash - beginning                                                       4,310        335,803
                                                                ------------   ------------

Cash - ending                                                   $     73,357   $    244,886
                                                                ============   ============
Supplemental disclosures of cash flows information
     Cash paid during the period for interest                   $      9,766   $      5,493
                                                                ============   ============
Schedule of non-cash activities
     Issuance of warrants relating to private placements        $     82,341   $         --
                                                                ============   ============

     Exercise of warrants classified as liabilities             $    (27,106)  $         --
                                                                ============   ============
</TABLE>

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

                                       8

<PAGE>

                     Advanced Lumitech, Inc. and Subsidiary
                   Notes to Consolidated Financial Statements
                                   (Unaudited)

1.  Operations

Advanced  Lumitech,  Inc.  d/b/a  Brightec  ("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  will  be  sold  primarily  as a  printable
luminescent film designed to add  luminescence to existing or new products.  The
Company  manufactures  through  third-party  manufacturers,  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 expects to offer its products in sheets and rolls.

Restatement of March 31, 2005 Interim Consolidated Financial Statements

The  Company is amending  its Form 10-QSB for the period  March 31, 2005 for the
following matters:

A.  Subsequent  to  the  original  issuance  of the  Company's  March  31,  2005
consolidated  financial  statements,  and based upon a further evaluation of the
factors  utilized in determining  the accounting and  presentation of a December
2004 redemption of certain  stockholder's  common stock to permit the Company to
issue a like number of shares to other  investors  that held  subscriptions  for
shares of common stock, the Company  determined that the redemption  should have
been accounted for as a liability;  not as a component of stockholders' deficit.
At December 31, 2004, the Company recognized the liability of $13,195.  See Note
12 - Liability to Stockholder for Redeemed Shares.

B.  The Company determined that  subscriptions  received for the purchase of the
Company's  common  stock  totaling  $1,262,000  and $ 850,000,  were  improperly
classified  as a  component  of  stockholders'  deficit as of March 31, 2005 and
December 31, 2004, respectively, and should have been classified as a liability.
See Note 11 - Liability for Stock Subscriptions Received.

C.  At December 31,  2004,  the Company  revalued  certain  options  issued to a
former  consultant  in  satisfaction  of claims made  against the  Company.  The
Company determined that the measurement date and volatility factor used to value
the options  under the  Black/Sholes  method  were  incorrect.  The  revaluation
resulted in an increase of additional  paid-in  capital in the amount of $90,524
and an increase in accumulated deficit of $90,524.

D.  The Company  determined that warrants issued for the purchase of the Company
common stock should have been  accounted for as a liability;  not as a component
of stockholders'  deficit. The Company recorded an initial liability of $82,341.
During the three months ended March 31,  2005,  warrants  valued at $27,106 were
exercised.  The Company is required to revalue the  liability at the end of each
reporting period. Accordingly,  the Company increased the value of the liability
by  $107,069  and  recognized  a loss on  value  of  derivative  liabilities  of
$107,069. See Note 10 - Warrant Liability.

E.  The Company determined that the liability for shares to be issued to various
vendors and creditors  was  improperly  classified as a long-term  liability and
should have been classified as short term. The liability  represents amounts due
to vendors for their respective services used in the ordinary course of business
and such vendors could demand payment at any time. The  reclassification  had no
effect  on the net  loss or  stockholders'  deficit  as of  March  31,  2005 and
December 31, 2004 and for the  three-months  and year then ended,  respectively.
See Note 9 - Liability for Shares to be Issued.

The effect of these  restatements was to increase the net loss of the Company by
$107,069  (less  than $0.01 per share)  and  increase  stockholders'  deficit by
$1,437,499.

                                       9
<PAGE>

                     Advanced Lumitech, Inc. and Subsidiary
                   Notes to Consolidated Financial Statements
                                   (Unaudited)

2.  Interim Financial Statements

The accompanying  unaudited  consolidated financial statements at March 31, 2005
and for the  three-month  periods  ended  March 31,  2005 and 2004  include  the
accounts of the Company and its wholly-owned subsidiary.

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  Report on Form  10-KSB  for the year ended
December  31,  2004,  and include  all  adjustments,  consisting  of only normal
recurring adjustments, necessary for a fair presentation of the results for such
interim periods.  These financial  statements should be read in conjunction with
the audited  consolidated  financial statements included in our Annual Report on
Form 10-KSB for the year ended  December 31, 2004. The results of operations for
the three-month  period ended March 31, 2005 are  necessarily  indicative of the
results expected for the fiscal year ending December 31, 2005.

Certain footnote  disclosures normally included in financial statements prepared
in accordance with generally accepted accounting  principles have been condensed
or omitted pursuant to such rules and regulations,  although we believe that the
disclosures in these  financial  statements are adequate to make the information
presented not misleading.

3.  Going Concern Consideration

The Company  has a working  capital  deficit of  $2,364,842  and an  accumulated
deficit of  $10,269,428  at March 31,  2005,  and  recurring  net  losses  since
inception.

The ability of the Company to continue as a going concern is primarily dependent
on 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 2005 calendar
year; however, there can be no assurances that such financing can be obtained.

4.  Inventories

Inventories  are  stated at the lower of cost  (first-in,  first-out)  or market
value and consist of the following:

                                      (Unaudited)         (Audited)
                                     March 31, 2005    December 31, 2004
                                   -----------------   -----------------
                                     (As Restated)       (As Restated)

Raw materials                      $           5,437   $          19,867
Work in process                               22,765               7,181
Finished goods                                 4,322               4,300
                                   -----------------   -----------------
                                   $          32,524   $          31,348
                                   =================   =================

5.  Income Taxes

The Company has not calculated  the tax benefits of its net operating  losses as
of March 31,  2005 and  December  31,  2004 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, 2004,  2003,  2002 and 2000. The tax return
filed  for  2001  will  need to be  amended.  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.


                                       10
<PAGE>

                     Advanced Lumitech, Inc. and Subsidiary
                   Notes to Consolidated Financial Statements
                                   (Unaudited)

6.  Related Party Transactions

As of March 31, 2005 and December  31,  2004, a note of $250,000 was  receivable
from the  Company's  president,  who is also a director  and  stockholder.  This
full-recourse  loan bears  interest at a fixed rate of 5.05% and is due no later
than  December 31, 2011.  Interest is on the loan is accrued  quarterly  and due
annually. No interest payments on such loan have been made to date.

At March 31, 2005 and December 31, 2004, the Company owed the president  $32,196
and  $55,196,  respectively,  in  connection  with  advances  made by him to the
Company in prior  years.  During the three  months  ended  March 31,  2005,  the
Company made advances to this  shareholder of $ 37,500 and repaid $60,500 of the
outstanding  advances  due.  All such  advances  bear  interest at the  Internal
Revenue  Service short term  "Applicable  Federal Rate,"  calculated and accrued
monthly.

During the quarter  ended March 31, 2005 and the year ended  December  31, 2004,
the Company recognized net interest income of $2,926 and $13,627,  respectively,
on the above note receivable and advances. As of March 31, 2005 and December 31,
2004,  net accrued  interest was  receivable  from the  president of $40,266 and
$38,750, respectively.

OTHER NOTES
Other related party debt is described in Notes 7 and 8.

7.  Notes Payable to Related Party

In December  2002,  the Company  borrowed  $50,000 from its largest  stockholder
under a convertible demand promissory note, which bears interest at 8.00% and is
payable in full on demand  within one year.  The  principal,  if not paid within
thirty  days of when due,  bears  interest  at the rate of  10.00%.  The note is
convertible  into that number of shares of the Company's common stock determined
by dividing the unpaid  principal  amount,  together with all accrued but unpaid
interest  on the note,  at the  conversion  date by $0.10,  subject  to  certain
adjustments.  At March 31, 2005 and December 31, 2004,  accrued interest of $555
and $3,575, respectively, was due on the note.

In early 2003, the Company issued a second convertible demand promissory note to
this  stockholder  to borrow up to an additional  $55,000 with the same terms as
the $50,000 note, except that the interest rate on the note is a fixed 8.00%. At
March 31, 2005 and December 31, 2004,  $50,000 was  outstanding  under this note
and accrued interest of $4,478 and $2,997, respectively, was due.

8. Long-Term Debt

As of March 31, 2005 and December 31, 2004, $163,898 and $166,491, respectively,
was outstanding in

                                       11
<PAGE>

                     Advanced Lumitech, Inc. and Subsidiary
                   Notes to Consolidated Financial Statements
                                   (Unaudited)

8. Long-Term Debt - continued

connection with an agreement  entered into in 2002 with the mother-in-law of the
Company's  president.  This agreement  provides for the repayment of 2,000 Swiss
francs of principal each January 1 and July 1, together with accrued interest on
the unpaid balance payable quarterly at the rate of 4.25% per annum. The Company
recorded  interest  expense with respect to this obligation for the three-months
ended March 31, 2005 and the year ended  December 31, 2004 of $1,727 and $7,562,
respectively.  At each balance sheet date the outstanding  debt is translated to
U.S.  dollars  and  any  required  adjustment  is  recorded  in  the  cumulative
translation adjustment account within the equity section of the balance sheet.

The  maturities  of long-term  debt for the next five years and in the aggregate
are as follows:

                     Years Ended                    Amount
                  -----------------              ------------
                  December 31, 2006              $      3,487
                  December 31, 2007                     3,487
                  December 31, 2008                     3,487
                  December 31, 2009                     3,487
                  December 31, 2010                     3,487
                      Thereafter                      146,463
                                                 ------------
                                                 $    163,898
                                                 ============

9. 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 March 31, 2005

As of December 31, 2004,  3,210,000  shares with an aggregate  value of $467,000
were committed but uniussued.

During the first quarter of 2005,  the Company agreed to issue 120,000 shares of
common stock valued at $0.25 per share in exchange for public relations services
received with an aggregate value of $30,000.

As a  result  of  the  aforementioned  transaction,  3,330,000  shares  with  an
aggregate  value of $497,000  were are  committed  but  unissued as of March 31,
2005.

The Company  determined  that the  liability  for shares to be issued to various
vendors and creditors  was  improperly  classified as a long-term  liability and
should have been classified as short term. The liability  represents amounts due
to vendors for their respective services used in the ordinary course of business
and such vendors could demand payment at any time. The  reclassification  had no
effect  on the net  loss or  stockholders'  deficit  as of  March  31,  2005 and
December 31, 2004 and for the three-months and year then ended, respectively.

10. Warrant Liability

During the quarter ended March 31, 2005, the Company issued  warrants  initially
valued at  $82,341.  As the  Company  had  already  issued  all of its shares of
authorized  common  stock,  the value of the warrants had to be  recognized as a
liability   pursuant  to  EITF  00-19,   Accounting  for  Derivative   Financial
Instruments  Indexed to, and  Potentially  Settled in, a Company's Own Stock. Of
that amount, $27,106 of the outstanding warrants was exercised. In addition, the
Company is required to revalue the warrants at the end of each reporting  period
with the change in value reported on the statement of operations as "Gain (Loss)
on Value of Derivative  Liabilities" in the period in which the change occurred.
As of March 31, 2005, the value of the remaining balance of outstanding warrants
was $162,304.  For the three months ended March 31, 2005, the Company recognized
a loss on value of derivative liabilities of $107,069.

                                       12
<PAGE>

                     Advanced Lumitech, Inc. and Subsidiary
                   Notes to Consolidated Financial Statements
                                   (Unaudited)

10. Warrant Liability - continued

The fair value of these  warrants  was  estimated at the date of grant using the
Black/Sholes  option pricing model with the following  assumptions for the three
month period ended March 31, 2005: risk-free interest rate of 2.34% to 2.79%; no
dividend  yield; an expected life of 2 to 5 months;  and a volatility  factor of
41.8%.

11. Liability for Stock Subscriptions Received

Liability for stock  subscriptions  received  represents  the  obligation of the
Company to various  investors  who have paid the Company to  purchase  shares of
common  stock.  As  discussed  in  Note  1,  the  Company  has  determined  that
subscriptions  received for the purchase of the Company's common stock should be
classified as a liability. When the Company received the stock subscriptions, it
had already issued all of its common shares authorized under its charter.  Under
generally  accepted  accounting  principles,  when a contract (the  subscription
agreement)  is to be settled in shares of stock and the share  settlement is not
within  the  control  of  the  Company  as a  result  of the  Company  requiring
shareholder  approval to increase  the number of  authorized  shares in order to
settle the contract, liability classification is required.

As of December  31,  2004,  the Company had  outstanding  liabilities  for stock
subscriptions  received of $850,000 for the purchase of 10,107,145 shares of the
Company's  common stock.  During the period  ending March 31, 2005,  the Company
received an additional $412,000 to purchase 4,120,000 shares of common stock. As
of  March  31,  2005,  the  Company  had   outstanding   liabilities  for  stock
subscriptions  received of $1,262,000  for the purchase of 14,227,145  shares of
the Company's common stock.

12. Liability to Stockholder for Redeemed Shares

In December 2004, the Company's  president agreed to allow the Company to redeem
77,620  shares of his 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/stockholder the
same number of shares  redeemed as soon as is reasonable  practical and that the
president/stockholder   will  receive  no  additional  compensation  beyond  the
re-issuance of the number of shares of common stock redeemed.

On the date of the redemption,  the value of the shares of common stock redeemed
was $13,195.

As of March 31, 2005 and December 31, 2004, the value of the shares redeemed was
$13,195.

                                       13
<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 operation of
the  Company  should  be read in  conjunction  with the  Consolidated  Financial
Statements and Notes thereto included elsewhere in this Quarterly Report on Form
10-QSB/A  and our Annual  Report on Form 10-KSB and  10-KSB/A for the year ended
December  31,  2004.   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,  as more fully  described in this section  under the
caption "Risk 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  assumption and
estimates.  The Company's critical accounting policies, which consist of revenue
recognition,  account receivable reserves and inventories,  are described in the
Annual Report on Form 10-KSB and 10-KSB/A for the year ended  December 31, 2004.
There  have  been no  material  changes  to the  Company's  critical  accounting
policies as of March 31, 2005.

RESULTS OF OPERATIONS

THREE  MONTHS  ENDED MARCH 31, 2005  COMPARED  WITH THREE MONTHS ENDED MARCH 31,
2004

Revenues:

In January 2005, the Company made its fourth  commercial sale of its Luminescent
Product,  which was sold to a major  poster  board  marketer  that  introduced a
"Garage Sale Kit" that includes a sheet of Brightec's  glow-in-the dark paper in
an 11"x14"  poster board  format.  This "Garage Sale Kit" was test marketed by a
major mass-retailer in approximately 1,000 of its stores. The Company's revenue,
net of returns,  allowances and discounts,  for the three months ended March 31,
2005 was $35,442 compared to $176,216 for the comparable three months of 2004.

Gross Profit:

The Company's gross profit percentage was 3.78% for the three month period ended
March 31,  2005,  which was  primarily  due to the  requirement  of reducing its
Luminescent  product  sale  price  to  compete  favorably  in the  poster  board
mass-retail market. In order to increase its gross profit percentage and compete
favorably in the marketplace,  the Company will need to lower its  manufacturing
costs.

Research and Development Expenses:

Research  and  development  expenses  decreased  by $44,093 for the three months
ended March 31, 2005 to $18,594 from $62,687 for the comparable  three months of
2004. The decrease in research and  development  expenses was primarily due to a
decrease in the number of manufacturing trial runs in the first quarter of 2005.

Selling and Marketing Expenses:

Selling and marketing  expenses decreased by $134,947 for the three months ended
March 31, 2005 to $33,452 from $168,399 for the comparable three months of 2004.
The decrease in selling and  marketing  expenses was primarily due to a decrease
in  professional  fees and consulting  services,  which  consisted  primarily of
ending  services  for a  marketing  consultant  and a  marketing  and  corporate
branding  consultant.  The decrease in selling and marketing  expenses  included
non-cash charges relating to commitments to issue shares of the Company's Common
Stock in exchange for consulting  services of $30,000 for the three months ended
March 31, 2005, compared to $72,000 for the comparable three months of 2004.

                                       14
<PAGE>


ITEM 2.  MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS - continued

RESULTS OF OPERATIONS - continued

THREE  MONTHS  ENDED MARCH 31, 2005  COMPARED  WITH THREE MONTHS ENDED MARCH 31,
2004 - continued

General and Administrative:

General and administrative  expenses consisted  primarily of the compensation of
the executive officer,  and payments for rent and consultants,  as well as legal
and accounting costs.  General and administrative  expenses decreased by $25,880
for the three  months  ended March 31, 2005 to $112,295  from  $138,175  for the
comparable  three months of 2004.  This decrease was primarily due to a decrease
in consulting fees and accounting fees.

Other Income (Expense)

For the three  months  ended March 31,  2005,  the net of  interest  expense and
interest  income was $267  compared to the $2,087 for the  comparable  period in
2004.  Interest  expense and interest income are dependent on the level of loans
due to and from affiliated  parties.  Other Income  (Expense) also includes $129
from foreign  currency  translation  gains  relating to the amount of US Dollars
required to purchase  Swiss  francs in order to pay its interest  obligation  on
long-term debt versus the amount accrued,  in US Dollars,  when the interest was
due.

Loss on Value of Derivative Liabilities

Loss on value of  derivative  liabilities  of  $107,069  in 2005  relates to the
warrant   liability.   Such   derivative   liabilities   are   required   to  be
marked-to-market under generally accepted accounting  principles.  See a further
discussion in Note 10 - Warrant Liability.

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.

Liquidity and Capital Resources as of March 31, 2005:

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 March 31, 2005, cumulative net
cash proceeds  from the sale of its equity of  approximately  $4.3 million.  The
Company's net working capital deficit at March 31, 2005 was $2,364,842  compared
to a deficit of  $2,034,036  at December  31,  2004.  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 March 31, 2005. As of March 31, 2005,
the Company had also made commitments to issue an additional  17,634,765  shares
of Common Stock, none of which the Company can issue. The 17,634,765  additional
shares of Common  Stock  can be  issued at such time as the  Company  is able to
increase the number of authorized shares of its 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 these
additional committed shares, which were purchased for cash have been received by
the Company and are  reflected in the Company's  financial  statements as Common
Stock subscribed.

Amounts  received  for  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  financial  statements as
liability for shares to be issued.

In December 2004, the Company's  president agreed to allow the Company to redeem
77,620 shares of his

                                       15
<PAGE>


ITEM 2.  MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS - continued

RESULTS OF OPERATIONS - continued

Liquidity and Capital Resources as of March 31, 2005 - continued:

common  stock,  valued at $13,195,  in order to allow the Company to fulfill its
commitments to issue shares to certain consultants and investors in the Company.
Upon the increase in the number of authorized  shares of its Common  Stock,  the
Company will issue 77,620 replacement shares (adjusted for any re-capitalization
transactions) for no additional consideration.

Cash and cash equivalents  increased to $73,357 at March 31, 2005 from $4,310 at
December 31, 2004.  Net cash used for operating  activities for the three months
ended March 31, 2005 was $255,573.

Net cash provided by financing  activities  for the three months ended March 31,
2005 was  $327,407.  The net cash  provided  was the result of cash  received of
$412,000  from the sale and  subscription  of common  stock and the  exercise of
warrants,  net of  principal  payments on  long-term  debt  ($2,593),  principal
payments  on a note  payable to a related  party  ($50,000)  and  re-payment  of
advances to a related party of ($32,000).

Ability to Continue as a Going Concern:

At March 31, 2005, 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 approximately  $10,269,000.  At March 31, 2005,
the Company's  current  liabilities  exceed its current assets by  approximately
$2,365,000.  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 by raising  additional  debt or equity  securities as described
below.  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.

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
2005 calendar  year.  Accordingly,  management  believes that no  adjustments or
reclassifications of recorded assets and liabilities are necessary at this time.

Credit Availability:

The Company had no line-of-credit facilities as of March 31, 2005.

Commitments:

The Company  had no material  capital  expenditure  commitments  as of March 31,
2005.

Effects of Inflation:

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

                                       16
<PAGE>

ITEM 2.  MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS - continued

RISK FACTORS

         The Company has a limited  operating history upon which an investor can
evaluate its potential for future success.

         The Company has had four commercial  sales of its Luminescent  Products
aggregating  a total of  approximately  $300,000.  Therefore,  there is  limited
historical  financial  information  about  the  Company  upon  which  to base an
evaluation  of the  Company's  performance  or to make a decision  regarding  an
investment in shares of the Company's Common Stock. The Company has generated an
accumulated  deficit of approximately  $10.27 million through March 31, 2005. To
date,  the  Company's  operations  have  largely  been  limited to its effort to
develop the  manufacturing  process for its  Luminescent  Product.  Sales of the
Company's products may fail to achieve  significant levels of market acceptance.
The Company's business will be subject to all the problems, expenses, delays and
risks  inherent  in the  establishment  of an early stage  business  enterprise,
including limited capital, delays in product development,  manufacturing,  costs
overruns,  price  increases in raw  materials  and  unforeseen  difficulties  in
manufacturing,  uncertain  market  acceptance  and the  absence of an  operating
history.  Therefore,  the  Company  may never  achieve  or  maintain  profitable
operations,  and the  Company may  encounter  unforeseen  difficulties  that may
deplete its limited capital more rapidly than anticipated.

         The Company will require additional capital,  and if additional capital
is not available, the Company may have to curtail or cease operations.

         To become and remain competitive,  the Company will be required to make
significant  investments  in  the  Company's  infrastructure,  including  hiring
employees  to  provide  sales,  marketing,  product  development  and  financial
reporting  services on an ongoing basis.  The Company does not at this time have
any committed  sources of financing.  There can be no assurance that  additional
necessary financing will be attainable on terms acceptable to the Company in the
future or at all. If  financing  is not  available on  satisfactory  terms,  the
Company  may be unable  to  operate  at its  present  level,  market or sell its
products,  establish or maintain a system of  financial  controls or develop and
expand its  business,  develop  new  products or develop  new  markets,  and its
operating  results may be adversely  affected.  Debt  financing,  if  available,
increases  expenses  and must be repaid  regardless  of operating  results.  The
availability  of debt or equity  financing is uncertain,  and successful  equity
financing  would result in  additional  dilution to existing  stockholders.  The
losses  incurred  to  date,  the  uncertainty  regarding  the  ability  to raise
additional  capital and questions  concerning the Company's  ability to generate
net income and positive cash flows from operations indicate that the Company may
be unable to continue as a going  concern for a reasonable  period of time.  The
Company's report of independent registered public accounting firm, as of and for
the year ended December 31, 2004, also indicates that there is substantial doubt
about the Company's ability to continue as a going concern.

         The  Company  has a  limited  number  of  employees  to  carry  on  its
operations.

         As of March 31, 2005,  the Company had only three  full-time  employees
and several part-time consultants.  The Company has not had sufficient resources
to hire  additional  employees  and the  Company's  continued  inability to hire
additional  employees  will have a  material  adverse  effect  on the  Company's
ability to carry on and expand its business operations.

         The Company has limited financial and operational controls.

         The Company has been unable to attract additional  directors and has no
audit or compensation  committees.  In addition, the Company's sole employee has
limited financial  experience and the Company currently lacks an adequate system
of internal  financial  or  management  controls.  The Company  does not have an
accounting  department  but relies on  outside  bookkeeping  services  to record
financial  activity and consultants to assist in the preparation  with financial
statements.  The Company has received a letter from its  independent  registered
public  accountants  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. If the Company is unable
to raise additional capital, it will not have sufficient  resources to implement
an adequate  system of internal  management  and financial  controls and will be
unable to

                                       17
<PAGE>
ITEM 2.  MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS - continued

RISK FACTORS - continued

         The Company has limited financial and operational controls. - continued

         hire employees with adequate financial and accounting experience.

         A significant  concentration of ownership of the Company's Common Stock
exists.

         One of the Company's  stockholders,  David  Geffen,  owns a significant
percentage  of  the  Company's  outstanding  Common  Stock.  As a  result,  this
stockholder  may  be  able  to  influence  the  outcome  of  matters   requiring
stockholder  approval,  including  the  election of  directors  and  approval of
significant  corporate  transactions.  This  concentration  of  ownership of the
Company's  Common Stock may have the effect of  impacting  the  probability  and
timing of a change in control of the Company.  This could  deprive the Company's
stockholders  of an  opportunity  to receive a premium for their Common Stock as
part of a sale of the Company and might otherwise affect the market price of the
Company's Common Stock.

         The  Company's  products  may not be  accepted  by the  market  and the
Company has had limited product sales to date.

         The Company  relies on a single  product  and has had  limited  product
sales to date.  Because the Company has only commenced  limited marketing of its
Luminescent  Product,  it can  give  no  assurance  that  this  product  will be
commercially accepted in the marketplace or that the market for its product will
be as large as expected by the Company.

         The  Company  relies  on  third-party   manufacturers  to  produce  its
products.

         The Company  currently has no  manufacturing  facilities  and relies on
several third party manufacturers to produce the Company's  Luminescent Product.
Loss of these  manufacturing  facilities would have a significant adverse effect
on the Company's operations.  There can be no assurance that the Company's third
party manufacturers will continue to manufacture the Company's products.

         The  Company  relies on patents,  licenses  and  intellectual  property
rights to protect its proprietary interests.

         The Company's future success depends in part on its ability to maintain
patents  and  other  intellectual   property  rights  covering  its  Luminescent
Products.  There can be no  assurance  that the  Company's  patents  and  patent
applications are sufficiently  comprehensive to protect the Company's  products.
The process of seeking  further patent  protection can be long and expensive and
there  can be no  assurance  that  the  Company  will  have  sufficient  capital
resources  to cover the expense of patent  prosecution  or  maintenance  for its
applications or existing patents or that all or even any patents will issue from
currently  pending or any future  patent  applications  or if any of the patents
when  issued  will  be of  sufficient  scope  or  strength,  provide  meaningful
protection or any  commercial  advantage to the Company.  The Company's  limited
financial  resources  may limit the  Company's  ability  to bring any  action to
enforce its current patents.

         The  Company  is  dependent  upon a sole  source for raw  materials  to
manufacture it products.

         The principal raw materials used by the Company, in connection with the
manufacturing  of its  Luminescent  Product,  are  purchased  from a sole source
supplier. The unavailability of such raw material or significant price increases
of such raw  material  would have a  material  adverse  effect on the  Company's
business. The Company currently has no secondary source for such raw material.

         Rights to acquire  shares of the Company's  Common Stock will result in
significant dilution to other holders of shares of the Company's Common Stock.

         As of March  31,  2005,  warrants  and  options  to  acquire a total of
9,297,911  shares of the  Company's  Common Stock were  outstanding.  As of such
date, the Company had also made commitments to issue an

                                       18
<PAGE>
ITEM 2.  MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS - continued

RISK FACTORS - continued

         Rights to acquire  shares of the Company's  Common Stock will result in
significant dilution to other holders of shares of the Company's Common Stock. -
continued

additional 17,634,765 shares of Common Stock to investors in the Company at such
time as the  Company is able to increase  the number of shares of the  Company's
authorized   Common   Stock,   which  require  the  approval  of  the  Company's
stockholders.  The existence of such stock options,  warrants,  and  commitments
could adversely  affect the price at which shares of the Company's  Common Stock
may be sold or the  ability of the market to absorb  such  additional  shares of
Common Stock if such investors decide to sell such shares and the terms on which
the Company can obtain additional financing.

         A limited market exists for the Company Common Stock.

         The Company's  Common Stock is thinly traded and may  experience  price
volatility,  which could  affect a  stockholders  ability to sell the  Company's
Common  Stock or the  price at  which  it may be  sold.  There  has been and may
continue to be a limited public market for the Common Stock of the Company.  The
shares of the Company's  Common Stock are not traded on any  established  market
and the Company's Common Stock was de-listed from the NASDAQ small cap market in
2001 due to non-compliance  with certain  continuing listing  requirements.  The
Company's Common Stock is currently quoted on the "pink sheets" under the symbol
"ADLU.PK".

         The Company's  failure to compete  effectively may limit its ability to
achieve profitability.

         Competition  in the area in which the  Company  expects  to market  the
Luminescent   Products  is  intense,   and  the   Company's   competitors   have
substantially greater resources than the Company.

         The Company is dependent on its founder and key employee.

         The success of the Company is dependent upon the continued availability
of its founder,  Patrick Planche.  The  unavailability of Patrick Planche or the
Company's  inability to attract and retain other key  employees  could  severely
affect  the  ability  of the  Company's  current  and  proposed  conduct  of its
business.

                                       19
<PAGE>

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As of March 31, 2005 and December 31, 2004,  the Company did not  participate in
any  derivative   financial   instruments  or  other   financial  and  commodity
instruments  for which fair value  disclosure  would be required  under SFAS No.
107, Disclosures about Fair Value of Financial Instruments.  Our investments are
primarily cash in financial  institutions  and short-term  money market accounts
that are carried on the Company's books at cost.

The functional  currency of the Company is the U.S. dollar, with the Swiss franc
being the  functional  currency of Brightec  SA.  Foreign  currency  denominated
assets and  liabilities are translated  into U.S.  dollar  equivalents  based on
exchange rates  prevailing at the end of each period.  Revenues and expenses are
translated  at average  exchange  rates  during the  period.  Aggregate  foreign
exchange  gains and losses  arising  from the  translation  of foreign  currency
denominated  assets and liabilities are included as a component of comprehensive
loss.  Foreign exchanges gains and losses arising from transactions are included
in the current year net loss.

                                       20
<PAGE>

ITEM 4.  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 audit of the December  31, 2004  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 three months ended March 31, 2005, 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
Commission.  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, 2005 and 2004. As a result,  the figures
for the three  ended  March 31,  2005,  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 month  period
ended March 31, 2005, 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.

                                       21
<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  securities  were sold by the Company during the period January 1,
2005 to March 31, 2005 and were not registered under the Securities Act of 1933,
as amended (the "Securities Act").

On January 3, 2005,  the Company sold  250,000  shares of Common Stock to Thomas
and Mary McGagh at a purchase price of $0.10 per share for an aggregate purchase
price of $25,000.

On January 11, 2005,  the Company sold 100,000 shares of Common Stock to Francis
T.  Steverman at a purchase  price of $0.10 per share for an aggregate  purchase
price of $10,000.

On February 4, 2005,  the Company  sold  2,500,000  shares of Common Stock and a
warrant to purchase  2,500,000  shares of Common Stock,  at an exercise price of
$0.10 per share,  expiring on April 1, 2005 to Jeffrey  Stern  Revocable  Trust,
together with a second warrant to purchase  2,085,000  shares of Common Stock at
an exercise price of $0.12 per share, expiring on July 1, 2005, for an aggregate
purchase price of $250,000.  On March 29, 2005,  Jeffrey Stern  Revocable  Trust
exercised  warrants to purchase  1,250,000  shares of the Company's Common Stock
for an aggregate exercise price of $125,000.

On February 24, 2005,  the Company sold 20,000 shares of Common Stock to Stephen
and  Marcella  Elios at a purchase  price of $0.10 per share for an aggregate of
$2,000.

In February 2005, the Company agreed to issue 120,000 shares of Common Stock, at
an agreed-upon value of $0.25 per share, to Schwartz  Communications in exchange
for consulting services of $30,000 provided in January and February 2005.

On February  4, 2005,  the Company  agreed to issue  1,000,000  shares of Common
Stock, at an agreed-upon  value of $0.075 per share, to Harry Schult in exchange
for  consulting  services of $75,000  provided  from late 2004 to July 2005.  In
addition,  Harry  Schult  received  a  stock  option  in  connection  with  such
consulting services to purchase an additional 500,000 shares of Common Stock, at
an  exercise  price of $0.001 per share for a period of ten years,  but  vesting
only upon a change of control of the Company.

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

                                       22
<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.

                                       23
<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: February 28, 2007                By: /s/ PATRICK PLANCHE
                                           -------------------------------------
                                           Patrick Planche
                                           President and Chief Executive Officer


                                       24
<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

                                       25