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, 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, $0.001 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, $0.001 par value, issued and
outstanding as of June 27, 2006.

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,  2006,  as
previously filed on June 30, 2006.

A.  Subsequent  to the  issuance of the  Company's  March 31, 2006  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,  and  subsequent
redemptions, should have been accounted for as liabilities; not as components of
stockholders'  deficit.  As a result,  as of  December  31,  2005,  the  Company
recognized the liability of $2,554,185 and reduced additional paid-in capital by
$2,554,185.  During the three month  period  ended March 31,  2006,  the Company
redeemed an  additional  195,834  shares of common stock valued at $13,708.  The
Company  recognized  the  liability  of $13,708 and reduced  additional  paid-in
capital by $13,708.

B.  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.

C.  The Company revalued  certain options issued in 2004 to a former  consultant
in  satisfaction  of claims  made  against  the  Company.  The  Company  has now
determined  that the  measurement  date and volatility  factor used to value the
options under the Black/Sholes  method were incorrect.  In 2004, the revaluation
resulted in an increase in additional paid-in capital of $90,524 and an increase
in non-cash consulting expense of $90,524. In 2005, the revaluation  resulted in
an increase in the amount of additional paid-in capital and accumulated  deficit
of $90,524.

D.  The Company  determined that warrants issued for the purchase of the Company
common stock,  originally  classified as a component of  stockholders'  deficit,
should have been  recognized  as a  liability.  As of  December  31,  2005,  the
Company's  liability for  outstanding  warrants was  $252,135.  During the three
month period ended March 31, 2006, the Company issued warrants  initially valued
at $114,084 and warrants valued at $5,472 were exercised. During the three month
period ended March 31, 2005, the Company  issued  warrants  initially  valued at
$82,341.  The Company is required to revalue this  liability at the end of every
reporting  period.  Accordingly,  for the three months ended March 31, 2006, the
Company  reduced the value of the  liability  and  recognized a gain on value of
derivative  liabilities of $179,114.  For the three months ended March 31, 2005,
the Company  increased the value of the liability and recognized a loss on value
of derivative liabilities of $107,069.

E.  In April  2005,  the Company  issued to a  stockholder  a stock  warrant for
3,600,000  shares of common  stock as an  inducement  to  exercise  other  stock
warrants for 3,335,000  shares of common stock with an aggregate  exercise price
of $375,000.  The new warrants issued were not valued or recorded.  The value of
the new warrants was $467,825. As the value of the new warrants was in excess of
the amount  received from the exercise of the older  warrants,  the value of the
new warrants was first applied to additional paid-in capital with the difference
of $92,825 being charged as financing costs.

The effect of these  restatements  was to increase the net income of the Company
by  $179,114  (less than $0.01 per share) for the three  months  ended March 31,
2006 and increase  the net loss of the Company by $107,069  (less than $0.01 per
share)  for  the  three  months  ended  March  31,  2005.  At  March  31,  2006,
stockholders' deficit was increased by $3,219,526.

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 June 30, 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 and September 30, 2005 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


<TABLE>
<CAPTION>
                                                                                                 Page Number
Part I.    Financial Information
           ---------------------
<S>  <C>          <C>                                                                             <C>
           Statement Regarding Amendment                                                                4

           Introductory Statement                                                                   4 - 5

Item 1.    Financial Statements

                  Consolidated Balance Sheet at March 31, 2006                                          6

                  Consolidated Statements of Operations and Accumulated Deficit and
                     Comprehensive Loss for the Three Months Ended March 31, 2006 and 2005              7

                  Consolidated Statements of Cash Flows for the Three
                     Months Ended March 31, 2006 and 2005                                               8

                  Notes to Consolidated Financial Statements                                       9 - 14

     Item 2.      Management's Discussion and Analysis of Financial
                     Condition and Results of Operations                                          15 - 18

     Item 3.      Controls and Procedures                                                              19

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

     Item 1.      Legal Proceedings                                                                    20

     Item 2.      Unregistered Sales of Equity and Use of Proceeds                                     20

     Item 3.      Defaults upon Senior Securities                                                      20

     Item 4.      Submission of Matters to a Vote of Security Holders                                  20

     Item 5.      Other Information                                                                    20

     Item 6.      Exhibits and Reports on Form 8-K                                                     21

Signatures                                                                                             22

Exhibit Index                                                                                          23

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
</TABLE>
                                       3
<PAGE>

         Restatement of March 31, 2006 Consolidated Financial Statements

The  Company is  amending  its Form  10-QSB for the period  March 31,  2006,  as
previously filed on June 30, 2006.

A.  Subsequent  to the  issuance of the  Company's  March 31, 2006  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,  and  subsequent
redemptions, should have been accounted for as liabilities; not as components of
stockholders'  deficit.  As a result,  as of  December  31,  2005,  the  Company
recognized the liability of $2,554,185 and reduced additional paid-in capital by
$2,554,185.  During the three month  period  ended March 31,  2006,  the Company
redeemed an  additional  195,834  shares of common stock valued at $13,708.  The
Company  recognized  the  liability  of $13,708 and reduced  additional  paid-in
capital by $13,708. See Note 10 - Liability to Stockholders for Redeemed Shares.

B.  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 9 - Liability for Stock Subscriptions Received.

C.  The Company revalued  certain options issued in 2004 to a former  consultant
in  satisfaction  of claims  made  against  the  Company.  The  Company  has now
determined  that the  measurement  date and volatility  factor used to value the
options under the Black/Scholes method were incorrect.  In 2004, the revaluation
resulted in an increase in additional paid-in capital of $90,524 and an increase
in non-cash consulting expense of $90,524. In 2005, the revaluation  resulted in
an increase in the amount of additional paid-in capital and accumulated  deficit
of $90,524.

D.  The Company  determined that warrants issued for the purchase of the Company
common stock,  originally  classified as a component of  stockholders'  deficit,
should have been  recognized  as a  liability.  As of  December  31,  2005,  the
Company's  liability for  outstanding  warrants was  $252,135.  During the three
month period ended March 31, 2006, the Company issued warrants  initially valued
at $114,084 and warrants valued at $5,472 were exercised. During the three month
period ended March 31, 2005, the Company  issued  warrants  initially  valued at
$82,341.  The Company is required to revalue this  liability at the end of every
reporting  period.  Accordingly,  for the three months ended March 31, 2006, the
Company  reduced the value of the  liability  and  recognized a gain on value of
derivative  liabilities of $179,114.  For the three months ended March 31, 2005,
the Company  increased the value of the liability and recognized a loss on value
of derivative liabilities of $107,069. See Note 8 - Warrant Liability.

E.  In April  2005,  the Company  issued to a  stockholder  a stock  warrant for
3,600,000  shares of common  stock as an  inducement  to  exercise  other  stock
warrants for 3,335,000  shares of common stock with an aggregate  exercise price
of $375,000.  The new warrants issued were not valued or recorded.  The value of
the new warrants was $467,825. As the value of the new warrants was in excess of
the amount  received from the exercise of the older  warrants,  the value of the
new warrants was first applied to additional paid-in capital with the difference
of $92,825 being charged as financing costs. See Note 8 - Warrant  Liability and
Note 9 - Liability for Stock Subscriptions Received.

The effect of these  restatements  was to increase the net income of the Company
by  $179,114  (less than $0.01 per share) for the three  months  ended March 31,
2006 and increase  the net loss of the Company by $107,069  (less than $0.01 per
share)  for  the  three  months  ended  March  31,  2005.  At  March  31,  2006,
stockholders' deficit was increased by $3,219,526.

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

                                        4
<PAGE>

Note Regarding Forward Looking Statements: - continued

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 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>

                          PART 1. FINANCIAL INFORMATION
                          ITEM 1. FINANCIAL STATEMENTS

                     Advanced Lumitech, Inc. and Subsidiary
                           Consolidated Balance Sheet
                          March 31, 2006 (As Restated)
                                   (Unaudited)


                                     ASSETS

Current assets
     Cash                                                          $     21,172
     Inventory                                                           54,128
     Prepaid expenses                                                     2,042
                                                                   ------------
                  TOTAL CURRENT ASSETS                                   77,342
                                                                   ------------

Office and photographic equipment                                        23,511
Less accumulated depreciation                                           (23,511)
                                                                   ------------
Office and photographic equipment, net                                       --
                                                                   ------------
Interest receivable from related party                                   52,329
Note receivable from related party                                      250,000
                                                                   ------------
                                                                        302,329
                                                                   ------------

                          TOTAL ASSETS                             $    379,671
                                                                   ============

                     LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
     Accounts payable                                              $    188,521
     Accrued liabilities                                                320,232
     Liability for shares to be issued                                  403,000
     Advances from related parties                                      113,772
     Warrant liability                                                  181,633
     Liability for stock subscriptions received                         470,000
     Liability to stockholders for shares redeemed                    2,567,893
                                                                   ------------
                TOTAL CURRENT LIABILITIES                             4,245,051
                                                                   ------------


Stockholders' deficit
     Common stock                                                       100,000
     Additional paid-in capital                                       6,528,202
     Accumulated deficit                                            (10,693,779)
     Accumulated other comprehensive income (loss)                      200,197
                                                                   ------------
              TOTAL STOCKHOLDERS' DEFICIT                            (3,865,380)
                                                                   ------------
                    TOTAL LIABILITIES AND
                    STOCKHOLDERS' DEFICIT                          $    379,671
                                                                   ============

   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 Ending March 31,
                                                          2006             2005
                                                      -------------    -------------
                                                      (As Restated)    (As Restated)
<S>                                                   <C>              <C>
Sales                                                 $       3,576    $      35,442

Cost of sales                                                 1,760           34,103
                                                      -------------    -------------

Gross profit                                                  1,816            1,339
                                                      -------------    -------------

Operating expenses
     Research and development                                22,788           18,594
     Selling and marketing                                    2,466           33,452
     General and administrative                              78,486          112,295
                                                      -------------    -------------
                                                            103,740          164,341
                                                      -------------    -------------

Operating loss                                             (101,924)        (163,002)
                                                      -------------    -------------

Other income (expense), net
     Gain (loss) on value of derivative liabilities         179,114         (107,069)
     Other                                                    2,018             (138)
                                                      -------------    -------------
                                                            181,132         (107,207)
                                                      -------------    -------------

Net income (loss)                                            79,208         (270,209)

Accumulated deficit - beginning                         (10,772,987)      (9,999,219)
                                                      -------------    -------------

Accumulated deficit - ending                          $ (10,693,779)   $ (10,269,428)
                                                      =============    =============


Basic and diluted income (loss) per share             $          --    $          --
                                                      =============    =============

Basic and diluted weighted average
    common shares outstanding                           100,000,000      100,000,000
                                                      =============    =============

COMPREHENSIVE INCOME (LOSS):

     Net income (loss)                                $      79,208    $    (270,209)

     Foreign translation adjustment                           3,976           (2,787)
                                                      -------------    -------------

     Comprehensive income (loss)                      $      83,184    $    (272,996)
                                                      =============    =============
</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 Three Months Ended March 31,
                                                                     2006              2005
                                                                --------------    --------------
                                                                 (As Restated)     (As Restated)
<S>                                                             <C>               <C>
Cash flows from operating activities

Net income (loss)                                               $       79,208    $     (270,209)
Adjustments to reconcile net income (loss) to net cash
     used in operating activities:
          Accrued interest on note receivable - related party           (1,998)           (1,516)
          Loss on value of derivative liabilities                     (179,114)          107,069
          Stock based compensation                                          --            30,000
Changes in operating assets and liabilities:
     (Increase) decrease in:
          Accounts receivable                                            3,183           (31,912)
          Inventory                                                      3,977            (1,176)
          Prepaid expenses                                               6,064                --
     Increase (decrease) in:
          Accounts payable                                             (45,782)         (111,290)
          Accrued liabilities                                           39,913            23,461
                                                                --------------    --------------
Net cash used for operating activities                                 (94,549)         (255,573)
                                                                --------------    --------------

Cash flows from financing activities
     Cash received for sale of common stock, exercise of
          warrants and stock subscribed                                118,500           412,000
     Repayment of advances from related party                           (9,200)          (32,000)
     Principal payments on long-term debt                                   --            (2,593)
     Principal payments on note payable - related party                     --           (50,000)
                                                                --------------    --------------
Net cash provided by financing activities                              109,300           327,407
                                                                --------------    --------------
Effects of changes in foreign exchange rates                             3,976            (2,787)
                                                                --------------    --------------
Net increase in cash                                                    18,727            69,047
Cash - beginning                                                         2,445             4,310
                                                                --------------    --------------
Cash - ending                                                   $       21,172    $       73,357
                                                                ==============    ==============
Supplemental disclosures of cash flows information:
     Cash paid during the period for interest                   $           --    $        9,766
                                                                ==============    ==============
Non-cash activities
     Liability to stockholder for shares redeemed and
          cancelled                                             $       13,708    $           --
                                                                ==============    ==============
     Issuance of warrants relating to private placements        $      114,084    $       82,341
                                                                ==============    ==============
     Exercise of warrants classified as liabilities             $      (25,450)   $      (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)
             For the Three Months Ended March 31, 2006 (As Restated)

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  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 March 31, 2006 Interim Consolidated Financial Statements
The  Company is  amending  its Form  10-QSB for the period  March 31,  2006,  as
previously filed on June 30, 2006.

A.  Subsequent  to the  issuance of the  Company's  March 31, 2006  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,  and  subsequent
redemptions, should have been accounted for as liabilities; not as components of
stockholders'  deficit.  As a result,  as of  December  31,  2005,  the  Company
recognized the liability of $2,554,185 and reduced additional paid-in capital by
$2,554,185.  During the three month  period  ended March 31,  2006,  the Company
redeemed an  additional  195,834  shares of common stock valued at $13,708.  The
Company  recognized  the  liability  of $13,708 and reduced  additional  paid-in
capital by $13,708. See Note 10 - Liability to Stockholders for Redeemed Shares.

B.  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 9 - Liability for Stock Subscriptions Received.

C.  The Company revalued  certain options issued in 2004 to a former  consultant
in  satisfaction  of claims  made  against  the  Company.  The  Company  has now
determined  that the  measurement  date and volatility  factor used to value the
options under the Black/Scholes method were incorrect.  In 2004, the revaluation
resulted in an increase in additional paid-in capital of $90,524 and an increase
in non-cash consulting expense of $90,524. In 2005, the revaluation  resulted in
an increase in the amount of additional paid-in capital and accumulated  deficit
of $90,524.

D.  The Company  determined that warrants issued for the purchase of the Company
common stock,  originally  classified as a component of  stockholders'  deficit,
should have been  recognized  as a  liability.  As of  December  31,  2005,  the
Company's  liability for  outstanding  warrants was  $252,135.  During the three
month period ended March 31, 2006, the Company issued warrants  initially valued
at $114,084 and warrants valued at $5,472 were exercised. During the three month
period ended March 31, 2005, the Company  issued  warrants  initially  valued at
$82,341.  The Company is required to revalue this  liability at the end of every
reporting  period.  Accordingly,  for the three months ended March 31, 2006, the
Company  reduced the value of the  liability  and  recognized a gain on value of
derivative  liabilities of $179,114.  For the three months ended March 31, 2005,
the Company  increased the value of the liability and recognized a loss on value
of derivative liabilities of $107,069. See Note 8 - Warrant Liability.

E.  In April  2005,  the Company  issued to a  stockholder  a stock  warrant for
3,600,000  shares of common  stock as an  inducement  to  exercise  other  stock
warrants for 3,335,000  shares of common stock with an aggregate  exercise price
of $375,000.  The new warrants issued were not valued or recorded.  The value of
the new warrants was $467,825. As the value of the new warrants was in excess of
the amount  received from the exercise of the older  warrants,  the value of the
new warrants was first applied to additional paid-in capital with the difference
of

                                       9
<PAGE>

                     Advanced Lumitech, Inc. and Subsidiary
             Notes to Consolidated Financial Statements (Unaudited)
             For the Three Months Ended March 31, 2006 (As Restated)

1. OPERATIONS - continued

Restatement  of March 31,  2006  Interim  Consolidated  Financial  Statements  -
continued
$92,825 being  charged as financing  costs.  See Note 8 - Warrant  Liability and
Note 9 - Liability for Stock Subscriptions Received.

The effect of these  restatements  was to increase the net income of the Company
by  $179,114  (less than $0.01 per share) for the three  months  ended March 31,
2006 and increase  the net loss of the Company by $107,069  (less than $0.01 per
share)  for  the  three  months  ended  March  31,  2005.  At  March  31,  2006,
stockholders' deficit was increased by $3,219,526.

2.   INTERIM FINANCIAL STATEMENTS
The accompanying  unaudited condensed consolidated financial statements at March
31, 2006 and for the three-month  period then ended includes 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 condensed  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 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 have been condensed or omitted in accordance  with rules of
the Securities and Exchange  Commission for interim  reporting.  These condensed
consolidated financial statements should be read in conjunction with the audited
consolidated  financial  statements included in our Annual Report on Form 10-KSB
and 10-KSB/A for the year ended December 31, 2005.

3.   LIQUIDITY, MANAGEMENT PLANS AND GOING CONCERN
The Company  has a working  capital  deficit of  $4,167,709  and an  accumulated
deficit of  $10,693,779  at March 31,  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.

4.  EARNINGS (LOSS) 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  reflect 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 loss per share, as their effect would be anti-dilutive:


                                                   (Unaudited)      (Unaudited)
                                                 March 31, 2006   March 31, 2005
                                                 --------------   --------------
                                                  (As Restated)    (As Restated)

Warrants (weighted average)                           4,288,968               --
                                                 ==============   ==============

                                       10
<PAGE>

                     Advanced Lumitech, Inc. and Subsidiary
             Notes to Consolidated Financial Statements (Unaudited)
             For the Three Months Ended March 31, 2006 (As Restated)

5.   INVENTORIES
Inventories  are  stated at the lower of cost  (first-in,  first-out)  or market
value and consist of the following at March 31, 2006:

                    Raw materials               $     20,475
                    Work in process                   32,052
                    Finished goods                     1,601
                                                ------------

                                                $     54,128
                                                ============

6.   INCOME TAXES
The Company has not calculated  the tax benefits of its net operating  losses as
of March 31,  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.  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.

7.   RELATED PARTY TRANSACTIONS
As of March  31,  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 $3,113 for each of the three month periods ended
March 31, 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
three-month  period  ended March 31,  2006,  he made  advances to the Company of
$9,300 and the Company repaid $37,000 of the outstanding  advances due. All such
advances bear interest at the Internal  Revenue  Service short term  "Applicable
Federal Rate" (4.49% at March 31, 2006) calculated and accrued monthly.  For the
three  months  ended March 31, 2006 and 2005,  the Company  incurred  $1,095 and
$3,380 of interest expense on the outstanding  advances.  At March 31, 2006, the
Company owed the president $86,772.

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 March 31, 2006, net interest receivable from
the Company's president was $51,634. In addition to the amounts described above,
certain stockholders have 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 three month period ended
March 31,  2006,  another  stockholder  made cash  advances  of $38,500  and the
Company  repaid $20,000 of those  advances.  As of March 31, 2006, the amount of
outstanding  cash  advances due to these  stockholders,  included on the balance
sheet under "Advances from related parties" was $27,000.

8.  WARRANT LIABILITY
During the quarters ended March 31, 2006 and 2005,  the Company issued  warrants
initially  valued at  $114,084  and  $82,341,  respectively.  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.  In addition,  warrants  valued at $5,472 and $27,106 were
exercised during the quarters ended March 31, 2006 and 2005, respectively.

The Company is required  to revalue the  warrants at the end of every  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,  2006,  the  value  of  the  remaining  balance  of
outstanding warrants was $181,633. For the three months ended March 31, 2006 and
2005,  the  Company  recognized  a  gain  (loss)  on  the  value  of  derivative
liabilities of $179,114 and ($107,069), respectively.

                                       11
<PAGE>

                     Advanced Lumitech, Inc. and Subsidiary
             Notes to Consolidated Financial Statements (Unaudited)
             For the Three Months Ended March 31, 2006 (As Restated)

8. WARRANT LIABILITY - continued

In 2006, 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 4.46% to 4.82%;  no dividend  yield;  an expected  life of the
options of 25 months to 34 months;  and a volatility factor of 111.8% to 310.3%.
In 2005, 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 2.34% to 2.79%;  no dividend  yield; an expected life of 2 to 5
months; and a volatility factor of 41.8%.

9.  LIABILITY FOR STOCK SUBSCRIPTIONS RECEIVED
Liability  for  stock   subscribed   represents   amounts  received  for  equity
investments for which shares of common stock remain unissued at March 31, 2006.

As discussed in Note 1, the Company has determined that  subscriptions  received
for the purchase of the Company's  common stock should have been classified as a
liability;  not as a  component  of  stockholders'  deficit.  When  the  Company
received the stock subscriptions, it had already issued all of its common shares
authorized under its charter. 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  stockholder  approval to
increase  the  number of  authorized  shares in order to  settle  the  contract,
liability classification is required.

As of December 31, 2005, the Company had received $375,000 to purchase 3,335,000
shares of common stock. On February 17, 2006, March 10, 2006 and March 19, 2006,
the Company received stock subscriptions for 83,334,  291,667 and 416,667 shares
of common  stock,  respectively,  with  aggregate  purchase  prices of  $10,000,
$35,000 and $50,000, respectively.  These shares remain unissued as of March 31,
2006.

As a result  of the  above  transactions,  4,126,668  shares  with an  aggregate
purchase price of $470,000 are subscribed but unissued as of March 31, 2006.

10.  LIABILITY TO STOCKHOLDERS FOR REDEEMED SHARES
In December 2004 and at various times during 2005, the Company's president 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/stockholder   will  receive  no  additional  compensation  beyond  the
re-issuance of the number of shares of common stock redeemed.

As of  December  31,  2005,  the fair value of the  Company's  liability  to its
stockholders  was  $2,554,185.  During  the first  quarter  of 2006,  one of the
stockholders  agreed to allow the Company to redeem an additional 195,834 shares
of his common stock, initially valued at $13,708.

As of March 31, 2006, the liability representing the Company's obligation to its
stockholders for the common stock shares redeemed was $2,567,893,  which will be
the carrying value. If and when authorized  shares are sufficient to reissue the
shares, the amount will be reclassified to additional paid-in capital.

11.  COMMON 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 March 31,  2006,  all of the shares of common stock were
issued and outstanding.

On various dates through March 31, 2006, the Company entered into agreement with
various  stockholders  to redeem  17,123,933  shares of common stock in order to
permit the Company to issue a like number of shares of

                                       12
<PAGE>

                     Advanced Lumitech, Inc. and Subsidiary
             Notes to Consolidated Financial Statements (Unaudited)
             For the Three Months Ended March 31, 2006 (As Restated)

11. COMMON STOCK - continued

Number of Shares of Common Stock Authorized, Issued and Outstanding - continued
Common  Stock to other  investors  who held  subscriptions  for shares of Common
Stock. Under the agreement,  the stockholders are to receive no compensation for
the redemption of their respective securities.

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 at
March 31, 2006  amounted  to  7,016,668.  In total,  as of March 31,  2006,  the
Company was committed to issue an additional  24,140,601 shares of common stock.
It is  anticipated  that a vote of the  Company's  stockholders  to increase the
number of shares of common stock will occur during 2006.

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.

Issuances of Warrants
On January 27, 2006,  the Company  issued the Jeffrey  Stern  Revocable  Trust a
warrant to  purchase  2,000,000  shares of common  stock at $0.12.  The  warrant
expires on January 26, 2009.

On March 19,  2006,  the Company  issued to an  investor,  a warrant to purchase
416,667 shares of common stock at $0.12. The warrant expires on March 18, 2007.

See NOTE 8 - WARRANT LIABILITY.

12.  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
fiscal quarter ended March 31, 2006.

                                       13
<PAGE>

                     Advanced Lumitech, Inc. and Subsidiary
             Notes to Consolidated Financial Statements (Unaudited)
             For the Three Months Ended March 31, 2006 (As Restated)

12.  STOCK OPTIONS - continued
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.

13.  COMPREHENSIVE INCOME
The Company reports  comprehensive  income (loss) in addition to net income from
operations.  Comprehensive  income  is  a  more  inclusive  financial  reporting
methodology  that includes  disclosure  of certain  financial  information  that
historically has not been recognized in the calculation of net income.

14.  RECENT ACCOUNTING PRONOUNCEMENTS
In February 2006, the FASB issued SFAS Statement No. 155, Accounting for Certain
Hybrid  Financial  Instruments,  which  amends  SFAS  No.  133,  Accounting  for
Derivative  Instruments and Hedging Activities and SFAS No. 140,  Accounting for
Transfers and Servicing of Financial Assets and  Extinguishment  of Liabilities.
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 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.

15.  SUBSEQUENT EVENT
In June 2006,  the  Company  entered  into a Loan and  Security  Agreement  (the
"Agreement") with Ross/Fialkow Capital Partners LLP, Trustee of Brightec Capital
Trust ("Ross") in the amount of $750,000.  Some 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 in writing at its sole discretion.
3.  At Ross' 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 $0.12
    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 January 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.

                                       14
<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  Condensed  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,  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,  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, 2005.
There  have  been no  material  changes  to the  Company's  critical  accounting
policies as of and for the three months ended March 31, 2006.

RESULTS OF OPERATIONS

THREE  MONTHS  ENDED MARCH 31, 2006  COMPARED  WITH THREE MONTHS ENDED MARCH 31,
2005

REVENUES:
The Company's revenue, net of returns,  allowances and discounts,  for the three
month  period  ended  March 31,  2006,  was $3,576  compared  to $35,442 for the
comparable  three months of 2005.  This  decrease in revenue is primarily due to
the fact that in the  comparable  period 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 still making  significant  efforts to reduce its production costs in order to
compete favorably in the marketplace.

GROSS PROFIT:
The Company's  gross profit  percentage  was 50.78% the three month period ended
March  31,  2006,  compared  to a  gross  profit  percentage  of  3.78%  for the
comparable  three month period in fiscal 2005.  The increase in the level of the
gross  profit  margin  was  primarily  due  to  continued   improvement  in  the
manufacturing  cost of the  Company's  products for the three month period ended
March 31, 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 months ended March 31, 2006, were made directly
to online customers through the Company's  website.  These sales did not require
any reductions in sales price,  thereby  resulting in the increased gross profit
margin achieved.

                                       15
<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, 2006  COMPARED  WITH THREE MONTHS ENDED MARCH 31,
2005 - continued

RESEARCH AND DEVELOPMENT EXPENSES:
Research and development expenses increased by $4,194 for the three months ended
March 31, 2006 to $22,788 from $18,594 for the comparable  three months of 2005.
The  increase in research  and  development  expenses for the three months ended
March 31,  2006 was  primarily  due to  specific  costs  incurred in relation to
testing of new raw materials, during manufacturing trial runs, to be used in the
manufacturing of the Luminescent Product.  During the comparable period of 2005,
there  was no  testing  of new  raw  materials  to be used  to  manufacture  the
Company's Luminescent Product.

SELLING AND MARKETING EXPENSES:
Selling and marketing  expenses  decreased by $30,986 for the three months ended
March 31, 2006 to $2,466 from $33,452 for the  comparable  three months of 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 relation firm.

In addition,  because the Company's cost to manufacture its Luminescent  Product
have  not  been  reduced  to a  sufficient  level to  compete  favorably  in the
marketplace  and to permit the Company to realize its  desired  margins,  it has
decreased its selling and marketing  efforts,  concentrating more on its efforts
to  reduce  its  manufacturing  costs in order to make the  Luminescent  Product
commercially viable.

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 and accounting  fees.  General and  administrative  expenses  decreased by
$33,809 for the three months  ended March 31, 2006 to $78,486 from  $112,295 for
the comparable three months of 2005. The decrease in 2006 was primarily due to a
decrease  in  legal  and  accounting  fees  relating  to the  completion  of the
Company's  annual audit and Form 10-KSB filing with the  Securities and Exchange
Commission.  The  decrease  in 2006 was offset by  increased  payroll  costs for
current  employees  who were not employed by the Company  during the  comparable
period in 2005.

OTHER INCOME (EXPENSE):
For the three  months  ended March 31, 2006 and 2005,  interest  income,  net of
interest  expense  was $2,018 and  ($267),  respectively.  Interest  expense and
interest  income are dependent on the level of loans due to and from  affiliates
parties.  For the three months ended March 31, 2005, other income (expense) also
includes $129 from foreign currency translation losses relating to the amount of
U.S.  dollars  required to purchase  Swiss  francs in order to pay its  interest
obligation on long-term debt versus the amount accrued,  in U.S.  dollars,  when
the  interest was due. As of December  31,  2005,  the  president of the Company
assumed   personal   liability  for  the  repayment  of  this  long-term   debt.
Accordingly,  for the  three  months  ended  March 31,  2006,  there has been no
interest expense neither incurred nor accrued.

GAIN (LOSS) ON VALUE OF DERIVATIVE LIABILITIES:
Gain (loss) on value of derivative  liabilities  of $179,114 and  ($107,069) for
the three month periods ended March 31, 2006 and 2005, respectively,  related to
the   warrant   liability.   The   derivative   liability   is  required  to  be
marked-to-market  under accounting  principles  generally accepted in the United
States.  See a further  discussion  in Note 8 - Warrant  Liability and Note 10 -
Liability to Stockholders for Redeemed Shares.

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.

                                       16
<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, 2006  COMPARED  WITH THREE MONTHS ENDED MARCH 31,
2005 - continued

LIQUIDITY AND CAPITAL RESOURCES AS OF MARCH 31, 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 March 31, 2006, cumulative net
cash proceeds from the sale of its equity of  approximately  $4.92 million.  The
Company's net working capital deficit at March 31, 2006 was $4,167,709  compared
to a deficit of $4,150,075 as of December 31, 2005.

The Company's  authorized capital stock consists of 100,000,000 shares of common
stock, of which all of its shares were issued and outstanding at March 31, 2006.
As of March  31,  2006,  the  Company  had  also  made  commitments  to issue an
additional  24,140,601  shares of common  stock,  none of which the  Company can
issue.  The 24,140,601  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 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."

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, a stockholder and former director of the Company,
agreed to allow the Company to redeem an additional 195,834 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.

Upon the increase in the number of authorized  shares of its common  stock,  the
Company   will  issue   17,123,933   replacement   shares   (adjusted   for  any
re-capitalization transactions) for no additional consideration.

Cash increased to $21,172 at March 31, 2006 from $2,445 at December 31, 2005.

Net cash used for operating activities for the three months ended March 31, 2006
was  $94,549.  The primary  reason for the decrease was to fund the loss for the
period.  Net cash  provided by financing  activities  for the three months ended
March  31,  2006 was  $109,300.  The net cash  provided  was the  result of cash
received  of  $118,500  from the sale and  subscription  of common  stock net of
repayments of advances from related parties of $9,200.

In June 2006,  the  Company  entered  into a Loan and  Security  Agreement  (the
"Agreement") with RossFialkow  Capital Partners LLP, Trustee of Brightec Capital
Trust  ("RossFialkow") in the amount of $750,000.  Some 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
    RossFialkow in writing at its sole discretion.
3.  At  RossFialkow'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 $0.12 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.

                                       17
<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, 2006  COMPARED  WITH THREE MONTHS ENDED MARCH 31,
2005 - continued

LIQUIDITY AND CAPITAL RESOURCES AS OF MARCH 31, 2006 - continued

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.

ABILITY TO CONTINUE AS A GOING CONCERN:
At March 31, 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 $10,693,779.  At March 31, 2006, the Company's
current  liabilities  exceed its current  assets by  $4,167,709.  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.

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:
The Company had no line-of-credit facilities as of March 31, 2006. In June 2006,
the Company entered into a $750,000 Agreement as described above.

COMMITMENTS:
The Company  had no material  capital  expenditure  commitments  as of March 31,
2006.

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

                                       18
<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 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 State 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 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.

                                       19
<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 January 1, 2006 to
March 31, 2006 and were not  registered  under the  Securities  Act of 1933,  as
amended (the "Securities Act").

On January 27, 2006,  the Jeffrey  Stern  Revocable  Trust  partially  exercised
warrants  to  purchase  195,834  shares  of the  Company's  common  stock for an
aggregate purchase price of $23,500.

On January 27,  2006,  in order to issue  shares of the  Company's  common stock
under the partial warrant  exercised by the Jeffrey Stern Revocable  Trust,  the
Company  entered into an agreement with Francois  Planche,  one of the Company's
stockholders and brother of the Company's president, to borrow 195,834 shares of
common stock he held. Shares under the partially  exercised warrant could not be
issued  since the Company had sold the maximum  number of shares of common stock
authorized under its charter. Under the agreement,  Mr. Planche is to receive no
compensation  for  the  redemption  of his  securities.  Upon  amendment  of the
Company's  Articles of Incorporation,  the Company will reissue the exact number
of shares borrowed from Mr. Planche.

On February 17, 2006, the Company received a stock subscription from an investor
to  purchase  83,334  shares of the  Company's  common  stock  for an  aggregate
purchase price of $10,000.

On March 10, 2006, the Company received a stock  subscription from the Elaine Z.
Stern Trust to purchase  291,667  shares of the  Company's  common  stock for an
aggregate purchase price of $35,000.

On March 19, 2006, the Company received a stock subscription from an investor to
purchase 416,667 shares of the Company's common stock for an aggregate  purchase
price of $50,000.

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

                                       20
<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.

                                       21
<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

                                       22
<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

                                       23