U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark
One) [X] QUARTERLY
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE
QUARTERLY PERIOD ENDED JUNE 30, 2008 [
 ] TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 FOR THE TRANSITION PERIOD FROM ____ TO ______. Commission
File Number: 333-103986 HITOR GROUP, INC.(Exact name of Registrant as specified in its
charter)  Nevada
98-0384073(State or other jurisdiction of incorporation or
organization)
(IRS Employer Identification No.)  13221 Redmond Way Redmond, WA 98052 (Address
of principal executive offices) (206) 245-5533(Issuers Telephone Number) Indicate
by check mark whether the issuer (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), Yes XX   No ___    and (2) has been subject to such
filing requirements for the past 90 days. Yes XX   No
   ___ Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, or a smaller reporting company.  See the definitions of
large accelerated filer, accelerated filer and smaller reporting company
in Rule 12b-2 of the Exchange Act. Large accelerated filer [
 ] Accelerated
filer [  ] Non-accelerated filer [  ]
(Do not check if a smaller reporting company) Smaller
reporting company [X] Shell
Company: [
 ] Yes [X] No As
of June 30, 2008, the issuer had 40,569,633 issued and outstanding of its common
stock. PART I  FINANCIAL INFORMATION Item
1. Financial Statement


HITOR GROUP, INC.(Formerly NANO-JET, CORP.)Index to Financial Statements(Unaudited)Balance
Sheet:June
30, 2008 and December 31, 2007



F-2Statements
of Operations:For
the Six months ended June 30, 2007 and 2008



F-3Statements
of Stockholders' Deficit:For
the Six months ended June 30, 2007 and 2008



F-5Statements
of Cash Flows:For
the Six months ended June 30, 2007 and 2008



F-6Notes to
Financial Statements:June
30, 2008



F-7F-1       HITOR GROUP, INC.(Formerly NANO-JET, CORP.)(A development stage
enterprise)Balance SheetUnauditedJune 30,

December 31,2008

2007ASSETSCurrent assets:Cash

$
        10,550

$
       112,178Funds held in trust,
Attorney

-

-Accounts receivable

-

-Inventory

80,910

80,910Total current
assets

91,460

193,088Fixed AssetsFurniture and
Equipment

5,994

5,386Computer
Equipment

8,006

8,006Leasehold
Improvements

20,296

20,296Total Fixed Assets

34,296

33,688Less Accumulated Depreciation

(3,899)

(2,006)Net Fixed Assets

30,397

31,682Other AssetsDeposits

5,000

5,000Goodwill

172,652

172,652Total Other Assets

177,652

177,652Total
assets

$
       299,509

$
       402,422LIABILITIESCurrent liabilities:Accounts payable and
accrued expenses

$
        17,000

$
         17,000Advances from
shareholder

11,083

1,083Advance from Lantz
Financial, Inc.

24,500

24,500Total current
liabilities

52,583

42,583Long-term  liabilities:Convertible Notes Payable

1,000,000

1,000,000Total long-term
liabilities

1,000,000

1,000,000Total
liabilities

1,052,583

1,042,583STOCKHOLDERS' DEFICITCommon stock, $.001 par value,
1,000,000,000 authorized,40,684,633 shares issued and
outstanding

40,684

40,669Capital in excess of par value

186,885

171,900Deficit accumulated during the
development stage

(980,643)

(852,730)Total
stockholders' deficit

(753,074)

(640,161)Total
liabilities and stockholders' deficit

$
       299,509

$
       402,422F-2  The accompanying
notes are an integral part of these statements.


HITOR GROUP, INC.(Formerly NANO-JET, CORP.)(A development stage
enterprise)Statements of OperationsUnauditedCumulative,Inception,November 22,2002 ThroughJune 30,

Period Ended March 31,

Period Ended June 30,2008

2008

2007

2008

2007Sales

$
        11,175

$
               -

$
          5,300

$
               -

$
          7,275Cost of Sales

14,878

-

2,500

-

5,000Cost of Sales

(3,703)

-

2,800

-

2,275General and administrative expenses:Salaries

97,500

19,500



26,000Depreciation

3,899

946

-

1,893

-Legal and professional

570,048

40,210

43,324

46,230

160,292Marketing and Advertising

11,672

4,408



5,754Insurance

22,987

362



493Communications

16,664

2,646



4,429Rent

41,886

6,900



14,200Demo Expense

2,220

-



-Other general and administrative

196,570

16,799

34,320

29,256

138,162Total operating
expenses

963,446

91,771

77,644

128,255

298,454(Loss) from
operations

(967,149)

(91,771)

(74,844)

(128,255)

(296,179)Other income (expense):Interest Income

4,923

340



342Interest (expense)

(18,417)

-

-

-

-(Loss) before taxes

(980,643)

(91,431)

(74,844)

(127,913)

(296,179)Provision (credit) for taxes on income

-

-

-

-

-Net (loss)

$
     (980,643)

$
       (91,431)

$
       (74,844)

$
     (127,913)

$
     (296,179)Basic earnings (loss) per common share



$
          (0.00)

$
          (0.01)

$
          (0.00)

$
          (0.03)Weighted average number of shares
outstanding



40,670,273

10,404,053

40,670,273

10,404,053  The accompanying
notes are an integral part of these statements.      HITOR GROUP, INC.(Formerly NANO-JET, CORP.)(A development stage enterprise)Statements of Stockholders' DeficitUnauditedDeficitAccumulatedCapital in

During theCommon Stock

Excess of

DevelopmentShares

Amount

Par Value

Stage

TotalInception,
November 22, 2002 through December 31, 2005 (Audited):Balances,
December 31, 2005

67,133
-
$
                             67
-
$         72,000
-
$
         (141,093)

$
         (69,026)Year ended
December 31, 2006:Shares issued
in merger

40,502,500

40,502





40,502Development
stage net (loss)







(70,350)

(70,350)Balances,
December 31, 2006

40,569,633

$
                      40,569

$         72,000

$
         (211,443)

$
         (98,874)Year Ended
December 31, 2007Shares
Issued

100,000

100

99,900



100,000Development
state net (loss)







(641,287)

(641,287)Balances,
December 31, 2007

40,669,633

$
                      40,669

$       171,900

$
         (852,730)

$
       (640,161)Period Ended
June 30, 2008Shares
Issued

15,000

15

14,985



15,000Development
state net (loss)







(127,913)

(127,913)Balances,
June 30, 2008

40,684,633

$
                      40,684

$       186,885

$
         (980,643)

$
       (753,074)  The accompanying
notes are an integral part of these statements.      HITOR GROUP, INC.(Formerly NANO-JET, CORP.)(A development stage enterprise)Statements of Cash FlowsUnauditedCumulative,Inception,November 22,2002 ThroughJune 30,

Period Ended March 31,

Period Ended June 30,2008

2008

2007

2008

2007Cash flows
from operating activities:Net
(loss)

$
     (980,643)

$
       (91,431)

$
       (74,844)

$
            (127,913)

$
            (296,179)Adjustments
to reconcile net (loss) to cashprovided
(used) by developmental stage activities:Depreciation
and Amortization

6,508

946

-

1,893

-Change
in current assets and liabilities:Funds
held in trust, Attorney

-

-



-Inventory

(71,040)

-

(91,638)

-

(89,140)Deposits

(5,000)

-



-Accounts
payable and accrued expenses

25,445

-

(7,814)

-Net
cash flows from operating activities

(1,024,730)

(90,485)

(174,296)

(126,020)

(385,319)Cash flows
from investing activities:Proceeds
from Merger

447

-



-Purchase
of fixed assets

(34,296)

(560)

(1,549)

(608)

(10,100)Website
development costs incurred

(2,609)

-

-

-

-Net
cash flows from investing activities

(36,458)

(560)

(1,549)

(608)

(10,100)Cash flows
from financing activities:Proceeds
from sale of common stock

205,750

15,000

-

15,000

-Less,
Offering expenses

(18,683)

-

-

-

-Advances
from shareholder

(114,829)

-

(39,201)

10,000

(95,400)Convertible
Note Payable

1,000,000

-

100,000

-

800,000Advance
from Lantz Financial, Inc.

(500)

-

-

-

-Net
cash flows from financing activities

1,071,738

15,000

60,799

25,000

704,600Net
cash flows

10,550

(76,045)

(115,046)

(101,628)

309,181Cash and
equivalents, beginning of period

-

112,178

140,127

112,178

139,096Cash and
equivalents, end of period

$         10,550

$         36,133

$         25,081

$
               10,550

$
             448,277Supplemental
cash flow disclosures:Cash
paid for interest

$
       (18,417)

$
               -

$
               -

$
                     -

$
                     -Cash
paid for income taxes

-

-

-

-

-F-6  The accompanying
notes are an integral part of these statements.


Hitor Group, Inc. FormerlyNano-Jet
Corp. (A development stage enterprise) Notes to Financial Statements June 30, 2008 and 2007 Unaudited   Note 1 -
Organization and summary of significant accounting policies: Following
is a summary of the Companys organization and significant accounting policies: Organization
and nature of business Hitor Group Inc., formerly Nano-Jet
Corp. (We, or the Company) is a Nevada corporation incorporated on November
4, 2002. Effective December 6, 2007, the Company changed its name to Hitor Group
Inc.  The Company was based in Vancouver, British Columbia, Canada, but in
2004 moved their base to Bellevue, Washington. It
was originally our intent is to become an automobile vendor to export pre-owned
Canadian vehicles for sale in the United States and Canada. A website was
developed and was intended to be the core component of our marketing and
advertising strategy. However, on August 16, 2004, we signed a Letter of Intent
with London Finance Group, Ltd., a British company (London), for a share
exchange of all of the shares of London for common and preferred stock of CanAm
(now renamed LFG International, Inc.). London has several subsidiaries,
including two European banks and a software trading platform. At the time of the
agreement, existing officers and directors resigned, and new officers and
directors were elected. However,
conditions that were required to be met in connection with the agreement were
not met. Accordingly, the agreement was canceled by mutual consent on December
15, 2004.  There were no significant penalties incurred by us as a result
of the cancellation. Because
of the termination of the agreement, we are not now engaged in any business and
are seeking other business opportunities. We have abandoned our plan to export
pre-owned automobiles. Since
inception, our activities have been limited to formation and the raising of
equity capital, and searching for business opportunities. In our current
development stage, management anticipates incurring substantial additional
losses as additional capital is raised and the business plan is implemented. Basis
of presentation Our accounting and reporting policies conform to U.S.
generally accepted accounting principles applicable to development stage
enterprises.  Changes in classification of 2007 amounts have been made to
conform to current presentations. Use
of estimates -The preparation of financial statements in conformity with
generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amount of revenues and expenses during the reporting
period. Actual results could differ from those estimates. Cash
and cash equivalents -For purposes of the statement of cash flows, we
consider all cash in banks, money market funds, and certificates of deposit with
a maturity of less than three months to be cash equivalents.  Funds
held in trust, Attorney  Our attorney held funds from our account from time
to time, and used them to pay corporate expenses.  We do not have a bank
account.  We consider such funds to be a current asset, but do not consider
them to be cash equivalents. Website
development costs We follow Emerging Issues Task Force Issue No. 00-2,
Accounting for Website Development Costs, (EITF Issue No. 00-2),
which provides that for specific website development costs, the accounting
should be based generally on AICPA Statement of Position 98-1, Accounting
for the Costs of     Hitor Group, Inc. FormerlyNano-Jet
Corp. (A development stage enterprise) Notes to Financial Statements June 30, 2008 and 2007 Unaudited   Computer
Software Developed or Obtained for Internal Use.  Under SOP 98-1,
development costs are capitalized and amortized to income over the estimated
useful life of the website.  We amortized our costs over a period ending in
November, 2004, at which time our domain registration expired.
 Amortization expense recorded was $0 (2005) and $2,174 (2004). Property
and Equipment  The Company values its investment in property and equipment
at cost less accumulated depreciation.  Depreciation is computed primarily
by the straight line method over the estimated useful lives of the assets
ranging from five to thirty-nine years.  Depreciation expense was $946 for
the three months ended March 31, 2008. Fair
value of financial instruments and derivative financial instruments  We
have adopted Statements of Financial Accounting Standards regarding
Disclosure About Derivative Financial Instruments and Fair Value of Financial
Instruments. The carrying amounts of cash, accounts payable, accrued
expenses, and other current liabilities approximate fair value because of the
short maturity of these items. These fair value estimates are subjective in
nature and involve uncertainties and matters of significant judgment, and,
therefore, cannot be determined with precision. Changes in assumptions could
significantly affect these estimates.  We do not hold or issue financial
instruments for trading purposes, nor do we utilize derivative instruments in
the management of foreign exchange, commodity price or interest rate market
risks. Federal
income taxes - Deferred income taxes are reported for timing differences
between items of income or expense reported in the financial statements and
those reported for income tax purposes in accordance with Statements of
Financial Accounting Standards regarding Accounting for Income Taxes,
which requires the use of the asset/liability method of accounting for income
taxes. Deferred income taxes and tax benefits are recognized for the future tax
consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax
bases, and for tax loss and credit carryforwards.  Deferred tax assets and
liabilities are measured using enacted tax rates expected to apply to taxable
income in the years in which those temporary differences are expected to be
recovered or settled.  Deferred taxes are provided for the estimated future
tax effects attributable to temporary differences and carryforwards when
realization is more likely than not. Net
income per share of common stock  We have adopted Statements of Financial
Standards regarding Earnings per Share, which requires presentation of
basic and diluted EPS on the face of the income statement for all entities with
complex capital structures and requires a reconciliation of the numerator and
denominator of the basic EPS computation to the numerator and denominator of the
diluted EPS computation.  In the accompanying financial statements, basic
earnings per share of common stock is computed by dividing net income by the
weighted average number of shares of common stock outstanding during the period.
 We do not have a complex capital structure requiring the computation of
diluted earnings per share. Note 2 -
Uncertainty, going concern: At
June 30, 2008, we were engaged in a business and had suffered losses from
development stage activities to date. In addition, current liabilities exceed
current assets, and we have minimal operating funds. Although management is
currently attempting to identify business opportunities and is seeking
additional sources of equity or debt financing, there is no assurance these
activities will be successful. Accordingly, we must rely on our officers to
perform essential functions without compensation until a business operation can
be commenced.  No amounts have been recorded in the accompanying financial
statements for the value of officers services, as it is not considered
material.     Hitor Group, Inc. FormerlyNano-Jet
Corp. (A development stage enterprise) Notes to Financial Statements June 30, 2008 and 2007 Unaudited   These
factors raise substantial doubt about the ability of the Company to continue as
a going concern. The financial statements do not include any adjustments that
might result from the outcome of this uncertainty. Note 3 
Expenses in connection with securities offerings: In
early, 2003, we filed with the SEC a Form SB-2 to register common stock to be
offered for sale.  The Form became effective in October, 2003.  In
that connection, we incurred $18,229 in legal and accounting fees, which were
deferred and included in Prepaid Expenses at December 31, 2003.  These
costs were charged against Capital In Excess of Par Value in 2004 when the
securities were sold. Note 4 -
Related party transactions: A
company related to our controlling shareholder, Dieter Behring, advanced funds
to the Company during 2004 to finance operations. The advances are not evidenced
by a promissory note, do not bear interest, and are due upon demand.  Such
advances totaled $1,083 at March 31, 2008 and $106,711 at March 31, 2007. Included
in accounts payable and accrued expenses is the amount of $17,000 for accrued
management fees payable to our president for services rendered in managing the
company during 2005and 2006. In addition amounts have been loaned to the Company
by Kenneth Martin in the amount of $10,00.  These amounts are not secured
by any written documents. Note
5 Advance from Lantz Financial, Inc.: On
March 6, 2006, April 20, 2005 and November 28, 2005, we obtained loans of
$10,000, $8,500 and $6,000 respectively from Lantz Financial, Inc., a Panamanian
company.  Lantz is a non-affiliate of the Company (not associated with any
officer, director, or 5% shareholder). The loans are not evidenced by a note, do
not bear interest, and are unsecured. They are due on demand.  The lender
has indicated that it may want to convert the debt into shares in the future,
but there is no agreement to that effect, and no understanding as to any other
terms. Note
6 - Federal income tax: We
follow Statements of Financial Accounting Standards regarding Accounting for
Income Taxes. Deferred income taxes reflect the net effect of (a) temporary
difference between carrying amounts of assets and liabilities for financial
purposes and the amounts used for income tax reporting purposes, and (b)
net operating loss carryforwards. No net provision for refundable Federal income
tax has been made in the accompanying statement of loss because no recoverable
taxes were paid previously. Similarly, no deferred tax asset attributable to the
net operating loss carryforward has been recognized, as it is not deemed likely
to be realized.  The
provision for refundable Federal income tax consists of the following: 12/31/2007 12/31/2006 Refundable
Federal income tax attributable to: Current
operations $(220,077) $(23,919) Less,
Nondeductible expenses -0- -0- -Less,
Change in valuation allowance 220,077 23,919 Net
refundable amount - -  The
cumulative tax effect at the expected rate of 34% of significant items
comprising our net deferred tax amount  is as follows:     Hitor Group, Inc. FormerlyNano-Jet
Corp. (A development stage enterprise) Notes to Financial Statements June 30, 2008 and 2007 Unaudited   12/31/2007 12/31/2006 Deferred
tax asset attributable to: Net
operating loss carryover $647,286 $71,700 Less,
Valuation allowance (647,286) (71,700) Net
deferred tax asset - - At
December 31, 2007, an unused net operating loss carryover approximating $858,729
is available to offset future taxable income; it expires beginning in 2022.
 Due to the change of control of the Company, the use of the net operating
loss may be limited in the future. Note
7  Cumulative sales of stock: Since
its inception, we have issued shares of common stock as follows: On
June 19, 2004, our Directors approved a 5 for 1 forward split of the companys
common stock.  All shareholders of record as of July 13, 2004 received a
new certificate for 5 shares for each share they owned as of the close of
business on that date. After the common stock split, the equivalent number of
issued and outstanding shares of the Company outstanding increased from
3,652,000 to 18,262,500. Total shares authorized of 100 million and par value of
$0.001 per common share remain unchanged. Then,
on August 17, 2004, our Directors approved a 16.5 for 1 forward split of the
companys common stock. All shareholders of record as of August 17, 2004
received a new certificate for 16.5 shares for each share they owned as of the
close of business on that date. After the common stock split, the equivalent
number of issued and outstanding shares of the Company outstanding increased
from 18,262,500 to 301,331,250. Total shares authorized were increased from
100,000,000 to 1,000,000,000, and par value of $0.001 per common share remained
unchanged. Then,
effective March 21, 2005, Directors approved a 1 for 300 reverse split of our
common stock. All shareholders of record as of February 4, 2005 received a new
certificate for 1 share for every 300 shares they owned as of the close of
business on that date. After the common stock split, the equivalent number of
shares issued and outstanding decreased from 301,331,250 to 1,004.526. Total
shares authorized of 1,000,000,000 and par value of $0.001 per common share
remained unchanged. The
effect of the splits has been retroactively reflected in the accompanying
financial statements. As
a result of the forward splits in 2004, the increased number of shares
outstanding and the resulting increase in the common stock account caused a
deficit in the capital in excess of par value account at December 31, 2004.
 The negative balance of $229,264 in capital in excess of par value was
charged to deficit accumulated during the development stage during the December
31, 2004 quarter.  Then, the reverse split during the quarter ending March
31, 2005 resulted in a positive balance in the capital in excess of par value
account. Accordingly, the $229,264 entry recorded during the December 31, 2004
quarter was reversed during the March 31, 2005 quarter.  On
August 12, 2004, our Directors authorized the issuance of 50,000,000 shares of
preferred stock, to be issued from time to time by a majority of the members of
the Board of Directors on such terms as are     Hitor Group, Inc. FormerlyNano-Jet
Corp. (A development stage enterprise) Notes to Financial Statements June 30, 2008 and 2007 Unaudited   established
by the Board, and may be issued in one or more series, each with separate terms
and conditions as set by the Board, including, but not limited to, the authority
to provide voting rights for each series. At December 31, 2005, no preferred
shares had been issued.  On
July 12, 2007 the Company entered into a consulting agreement with Bellewood
Corp.  Among other provisions Bellwood was to receive $100,000 shares of
Common Stock in the Company, $100,000 in cash and release of notes due to
Bellwood by the Companys President Mr. Ken Martin.  On
March 31, 2008, our Directors authorized the issuance of 15,000 shares of common
stock at $1.00 per share.  Note 8 
Convertible Notes Payable: On
December 12, 2006 the Company issued a convertible notes payable in the amount
of $300,000.  $200,000 of the loan was advanced  in December, 2006.
 During 2007 an additional $700,000 was authorized.  $800,000 of these
loans was advanced in 2007.  The note is due one year from the date of
issue and bears interest at the rate of 5% per annum compounded annually.
 The terms of the note allow the holder to convert the note into shares of
the companys stock at the rate of one share per $1 of debt including unpaid
interest.  Note
9 Merger with Nano-Jet Corp, Inc.: Effective
September 30, 2006 the Company issued 40,502,500 shares of its common stock as
part of the merger with Nano-Jet Corporation (Nano-Jet).  The merger is
being accounted for as a purchase as required by FASB 141.  At the time of
the merger the assets and liabilities of Nano-Jet consisted of the
following:  Cash $
     447 Inventory 9,870 Goodwill 172,652 Total $182,969  Liabilities $142,467 Value
of 40,502,500 shares of stock 40,502  Total $182,969   Note
10  Stock Subscriptions On
March 22, 2007 the Company issued a stock subscription in the amount of
$700,000.  The subscription is for 1,000,000 shares at a rate of $0.70 per
share.  Among other provisions the subscription holder has exclusive
selling rights to the Companys product in Poland and responsibilities to sell
preset amounts of product.  Note
11 - New accounting pronouncements: The
following recent accounting pronouncements:  FASB Statements .  Number 145, Rescission of FASB Statements No. 4, 44, and 64,
Amendment of FASB Statement No. 13, and Technical Corrections     Hitor Group, Inc. FormerlyNano-Jet
Corp. (A development stage enterprise) Notes to Financial Statements June 30, 2008 and 2007 Unaudited   .  Number 146, Accounting for Costs Associated with Exit or
Disposal Activities, .  Number 147, Acquisitions of Certain Financial Institutions  an
amendment of FASB Statements No. 72 and 144 and FASB Interpretation No. 9, .  Number 148, Accounting for Stock-Based Compensation 
Transition and Disclosure  an amendment of FASB Statement No. 123, .  Number 149, Amendment of Statement 133 on Derivative
Investments and Hedging Activities, .  Number 150, Financial Instruments with Characteristics of Both
Liabilities and Equity, .  Number 151, Inventory Costs  an amendment of ARB 43, Chapter 4 .  Number 152, Accounting for Real Estate Time-Sharing
Transactions  an amendment of FASB Statements No. 66 and 67 .  Number 153, Exchanges of Nonmonetary Assets  an amendment of
APB Opinion No. 29 .  Number 154, Accounting for Changes and Error Corrections  a
replacement of APB Opinion No. 20 and FASB Statement No. 3  and FASB Interpretations .  Number 45, Guarantors Accounting and Disclosure Requirements
for Guarantees, Including Indirect Guarantees of Indebtedness of Others  and
Interpretation of FASB Statements No. 5, 57, and 107 and rescission of FASB
Interpretation No. 34 .  Number 46(R), Consolidation of Variable Interest Entities  an
Interpretation of ARB No. 51 .  Number 47, Accounting for Conditional Asset Retirement
Obligations  are
not currently expected to have a material effect on our financial Statements.


Item
2. Plan of Operation Hitor
Group (formerly Can/Am Auto sales, Inc., LFG International, Inc. and Nano-Jet
Corp) ("Hitor Group"), is a development stage company with limited operations,
limited revenue, limited financial backing and limited assets. The original plan
was to market used cars through the internet and auto trade magazines to
individuals in the U.S. and Canada. The
following plan of operation should be read in conjunction with March 31, 2008,
financial statements and the related notes elsewhere in this report. This
discussion contains forward-looking statements based upon current expectations
that involve risks and uncertainties, such as our plans, objectives,
expectations and intentions. Our actual results and the timing of certain events
could differ materially from those anticipated in these forward-looking
statements as a result of certain factors. As
of June 30, 2008, Hitor Group had $10,550 cash on hand. Development stage net
loss for the quarter ended June 30, 2008 was $980,643 compared to $296,170 for
the quarter ended June 30, 2007. The loss for the quarter ended June 30, 2008
consisted primarily of legal and accounting expenses incident to the company's
development stage activities, with a nominal amount of sales revenue. 1. Overview  Hitor
Group, through its three subsidiaries will market to the American and
International trucking and automobile parts distribution companies as well as to
oil companies and alternative fuel vehicle distributors. It is not the intent of
the Company to market directly to the consumer, but rather through distribution
channels in the oil, truck, automobile and motorcycle industry. The Company will
educate these groups about the benefits of a Hitor Group fuel saving device as
well as our other products. Hitor Group expects to form licensing arrangements
with Original Equipment Manufacturers (OEMs) having high brand recognition in
the vehicle marketplace.  2. Marketing
Strategies  Hitor
Groups primary market is the American trucking companies, automobile
manufacturers and international trucking and automobile makers. In addition,
Hitor Group plans to market to oil companies as well as alternate fuel vehicle
distributors. Hitor Group expects that the success of its products will depend,
in part, upon the Company increasing the speed and effectiveness with which it
educates the consumer in order to capture more market share.  The Company
plans to do this by attempting to implement one or more of the following
strategies: · Producing
online video and audio commercials that demonstrate the superior performance and
fuel efficiency of Hitor Group products; · Enlisting
a well-known high performance automobile driver, who can be the marketing face
of the company to both the recreational and commercial automotive user;       · Implementing
a concurrent advertising campaign using both web and print versions of major
publishers like Motor Trend, Road and Track and national
newspapers and trucking magazines. · Seek
to get product evaluators at automobile, truck and motorcycle magazines to
evaluate and write articles about Hitor Group and its multiple lines of
products. · Intentionally
form relationships with reporters interested in automobile fuel efficiency with
the goal of increasing the media examination of the issues associated with
traditional fossil fuel consumption; · Increasing
the direct response to Hitor Groups website by strategic search engine
registrations, increased links, and an email marketing campaign; · Adding
video content to Hitor Groups commercial website so visitors experience a
educational video presentation on the fuel efficiency and performance benefits
of Hitor Group products as well as testimonials from consumers; · Training
a sales staff whose mission will be to educate trucking companies, automobile
parts distributors and motorcycle manufacturers of the benefits of Hitor Group
for its customers;. · Create
corporate communications productions for online distribution to both educate and
promote oil extraction products.  b.
In addition to marketing techniques that effectively educate and lead the
petroleum industry, and the trucking and automobile companies to buy Hitor Group
products, Hitor Group will also pursue strategic alliances with one or more
major OEMs via licensing agreements to represent products supported by Hitor
Group.  These OEMs will have wide brand recognition, excellent financial
health and resources, an established presence in international markets, and a
track record of honoring its licensing agreements.  The benefits of forming
a licensing relationship with a major OEM include: · Lower
financial risk due to shared costs; · Lower
business risk because of the prior success; · Immediate
brand recognition and acceptance; · Facilitates
acceptance of Hitor Groups new technology; · Access
to new distribution channels; · Ease
of entry into international markets of the OEMs; · Platform
for ease of entry of future Hitor Group products; · Ability
to focus on R&D of future products; · Provides
greater protection of intellectual property; · Quickens
the pace toward becoming a market standard. An
effective OEM licensing relationship will result in higher marketplace
visibility for Hitor Group, reduce the Companys costs of marketing, and speed
up marketing for world consumption.       3.
Website  The
Hitor Group website will act as a centerpiece to operations and in the future
Hitor Group will further build out their website which will be accessed by
member password for trucking companies and distributors such as auto parts
companies. The website will form a hub for its Internet community which will
also include motorcycle parts distributors as well as oil extraction products.
The website will be technically viewed as a portal to all of Hitor Groups
product lines. The site will also provide an arena for ongoing communication
among users, testimonials, etc. Online information will be available to members
in a highly intuitive format.  Item
4T. Controls and procedures  Pursuant to Rule
13a-15(b) under the Securities Exchange Act of 1934 (Exchange Act), the
Company has not carried out a formal evaluation of the effectiveness of the
Companys disclosure controls and procedures (as defined under Rule 13a-15(e)
under the Exchange Act) as of the end of the period covered by this
report.  Notwithstanding same, the  Companys CEO has
concluded that the Companys disclosure controls and procedures are effective to
ensure that information required to be disclosed by the Company in the reports
that the Company files or submits under the Exchange Act, is recorded,
processed, summarized and reported, within the time periods specified in the
SECs rules and forms, and that such information is accumulated and communicated
to the Companys management, to allow timely decisions regarding required
disclosure.  There were no
significant changes in the Companys internal controls or in other factors that
could significantly affect these controls during the three and six months
covered by this report or from the end of the reporting period to the date of
this form 10-Q.  The Companys
management does not expect that the Companys disclosure controls and procedures
or the Companys internal controls will prevent all errors and all fraud. A
control system, no matter how well conceived and operated, can provide only
reasonable, not absolute, assurance that the objectives of the control system
are met. Further, the design of a control system must reflect the fact that
there are resource constraints, and the benefits of controls must be considered
relative to their costs. Because of the inherent limitations in all control
systems, no evaluation of the controls can provide absolute assurance that all
control issues and instances of fraud, if any, within the Company have been
detected.        Part II  Other Information Item
6. Exhibits and Reports on Form 8-K Exhibits: Exhibit
No.
Document
Location3.1
Articles of
Incorporation
Previously
Filed3.2
Bylaws
Previously
Filed31
Certification
of the Chief Financial Officer of the Company as adopted pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002
Included32
Certification
of the Chief Executive Officer and Chief Financial Officer of the Company
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002
Included       SIGNATURES Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized. HITOR
GROUP, INC.  /s/
Ken Martin By: Ken Martin Its: CEO