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, 2010 [
 ] 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 has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files).
 Yes  [  ]  No  [x]  Not Required by smaller
reporting companies. 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] Indicate
by check mark whether the registrant is a shell company: [
 ] Yes [X] No As
of June 30, 2010, the issuer had 41,684,633 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 StatementsBalance
Sheet:June
30, 2010 and December 31, 2009



F-1Statements
of Operations:For
the three and six months ended June 30, 2010 and 2009



F-2Statements
of Cash Flows:For
the six months ended June 30, 2010 and 2009



F-3Notes to
Financial Statements:June
30, 2010



F-4


HITOR GROUP, INC.(Formerly NANO-JET, CORP.)(A development stage enterprise)Balance Sheet(unaudited)

(audited)June 30,

December 31,2010

2009ASSETSCurrent
assets:Cash

$
          3,142

$
          4,419Funds
held in trust, Attorney

-

-Accounts
receivable



-Shareholder
Receivable

-

-Inventory

75,968

75,968Total
current assets

79,110

80,387Fixed
AssetsFurniture
and Equipment

8,936

8,936Computer
Equipment

4,454

4,454Leasehold
Improvements

20,904

20,904Total
Fixed Assets

34,294

34,294Less
Accumulated Depreciation

(14,926)

(10,110)Net Fixed
Assets

19,368

24,184Other
AssetsDeposits

-

-Goodwill

-

-Total
Other Assets

-

-Total
assets

$
        98,478

$
       104,571LIABILITIESCurrent
liabilities:Accounts
payable and accrued expenses

$
        44,503

$
         39,293Convertible
Notes Payable

421,000

400,000Deposit

150,000

150,000Notes
payable

65,446

48,561Advance
from Lantz Financial, Inc.

24,500

24,500Total
current liabilities

705,449

662,354Long-term
 liabilities:Total
long-term liabilities

-

-Total
liabilities

705,449

662,354STOCKHOLDERS'
DEFICITCommon
stock, $.001 par value, 100,000,000 authorized,41,704.633
and 41,684,633 shares issued and outstanding

41,705

41,685Capital
in excess of par value

865,664

845,684Deficit
accumulated during the development stage

(1,514,340)

(1,445,152)Total
stockholders' deficit

(606,971)

(557,783)Total
liabilities and stockholders' deficit

$
        98,478

$
       104,571   The accompanying notes
are an integral part of these statements. F-1


HITOR GROUP, INC.(Formerly NANO-JET, CORP.)(A development stage enterprise)Statements of OperationsUnauditedCumulative,Inception,July 15,

Three Months

Three Months

Six Months

Six Months2005 Through

Ended

Ended

Ended

EndedJune 30,

June 30,

June, 30

June 30,

June 30,2010

2010

2009

2010

2009Sales

$
        31,723

$
               -

$
               -

$
               -

$
          2,701Cost of
Sales

49,579

-

-

-

107Cost of
Sales

(17,856)

-

-

-

2,594General and
administrative expenses:Salaries

228,693

-

-

-

3,300Depreciation

14,926

1,066

1,066

4,816

2,026Legal
and professional

724,282

15,002

130

36,787

5,678Marketing
and Advertising

60,625

-

261

-

351Insurance

31,630

-

-

942

44Communications

38,142

1,468

1,381

5,481

3,119Rent

78,254

2,050

450

4,150

4,133Other
general and administrative

250,166

6,207

4,357

16,512

11,797Total
operating expenses

1,426,718

25,793

7,645

68,688

30,448(Loss)
from operations

(1,444,574)

(25,793)

(7,645)

(68,688)

(27,854)Other income
(expense):Interest
Income

4,617

-



-

-Interest
(expense)

(74,383)

(500)

(1,450)

(500)

(1,450)(Loss)
before taxes

(1,514,340)

(26,293)

(9,095)

(69,188)

(29,304)Provision
(credit) for taxes on income

-

-

-

-

-Net
(loss)

$    (1,514,340)

$
       (26,293)

$
         (9,095)

$
       (69,188)

$
       (29,304)Basic earnings
(loss) per common share



$
          (0.00)

$
          (0.00)

$
          (0.00)

$
          (0.00)Weighted average
number of shares outstanding



41,692,966

41,684,633

41,692,966

41,684,633  The accompanying notes are an integral part of these
statements. F-2    HITOR GROUP, INC.(Formerly NANO-JET, CORP.)(A development stage enterprise)Statements of Cash FlowsUnauditedCumulative,Inception,July 15,2005 ThroughJune 30,

June 30,

June 30,2010

2010

2009Cash
flows from operating activities:Net
(loss)

$
   (1,514,340)

$
       (69,188)

$
       (29,304)Adjustments
to reconcile net (loss) to cashprovided
(used) by developmental stage activities:Common
stock issued for services

181,006Effects
of reverse merger with LFG

(8,636)Depreciation
and Amortization

14,926

4,816

2,025Change
in current assets and liabilities:Funds
held in trust, Attorney



-

-Inventory

(75,968)



107Accounts
receivable



-

-Deposits

150,000

-

-Accounts
payable and accrued expenses

44,503

5,210Net
cash flows from operating activities

(1,208,509)

(59,162)

(27,172)Cash
flows from investing activities:Purchase
of fixed assets

(34,295)

-

-Website
development costs incurredNet
cash flows from investing activities

(34,295)

-

-Cash
flows from financing activities:Proceeds
from sale of common stock

735,000

20,000

-Proceeds
from notes payable

65,446

16,885

28,485Convertible
Note Payable

421,000

21,000

-Advance
from Lantz Financial, Inc.

24,500Net
cash flows from financing activities

1,245,946

57,885

28,485Net
cash flows

3,142

(1,277)

1,313Cash and
equivalents, beginning of period

-

4,419

903Cash and
equivalents, end of period

$
          3,142

$
          3,142

$
          2,216Supplemental
cash flow disclosures:Cash
paid for interest

$
       (74,383)

$
           (500)

$
               -Cash
paid for income taxes

-    The accompanying notes are an integral part of these
statements. F-3


Hitor Group, Inc. FormerlyNano-Jet
Corp. (A development stage enterprise) Notes to Financial Statements June 30, 2010   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 July 15, 2005. Effective
December 6, 2007, the Company changed its name to Hitor Group Inc. The
Companys product is anticipated to allow owners and operators of both gasoline
and diesel powered vehicles to potentially increase fuel efficiency while
reducing fuel emissions into the environment. In addition, the Company intends
to operate three other subsidiaries. One will focus on oil extraction, transport
and storage solutions. The other will focus on alternative powered private and
commercial vehicles.  The Company owns a proprietary technology and
currently is applying for patents and has hired patent attorneys for this
technology worldwide 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 2009 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.  Inventory Inventory is recorded at lower of cost or market, cost is computed on a
first-in first-out basis.  The inventory consists of imported parts.  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. Fair
value of financial instruments and derivative financial instruments  We
have adopted Accounting Standards Codification 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 Accounting Standards
Codification 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     Hitor Group, Inc. FormerlyNano-Jet
Corp. (A development stage enterprise) Notes to Financial Statements June 30, 2010   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 Accounting Standards
Codification 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, 2010, 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. 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  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
4 - Federal income tax: We
follow Accounting Standards Codification 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: 12/31/2008 12/31/2009 Refundable
Federal income tax attributable to: Current
operations $(116,736) $(
49,446) Less,
Nondeductible expenses -0- -0- -Less,
Change in valuation allowance 116,736 49,446     Hitor Group, Inc. FormerlyNano-Jet
Corp. (A development stage enterprise) Notes to Financial Statements June 30, 2010   Net
refundable amount -0-
                   -0-  The
cumulative tax effect at the expected rate of 34% of significant items
comprising our net deferred tax amount  is as follows: 12/31/2008 12/31/08 Deferred
tax asset attributable to: Net
operating loss carryover $441,905 $
491,351 Less,
Valuation allowance (
441,905) (
 491,351) Net
deferred tax asset -0-
                     -0- At
December 31, 2009, an unused net operating loss carryover approximating
$1,445,152 is available to offset future taxable income; it expires beginning in
2018.  Due to the change of control of the Company, the use of the net
operating loss may be limited in the future. Note
5  Cumulative sales of stock: Since
its inception, we have issued shares of common stock as follows:  On July 15, 2005, the
Company issued 81,005,000 founder shares for services rendered in the amount of
$81,005.  On
September 30, 2006 the Company completed a reverse merger with LFG
International, Inc.  The Company issued 67,133 shares for the outstanding
shares of LFG International, Inc.  As part of the recapitalization of the
reverse merger the Company rolled forward a reverse 2:1 stock split.  The
effect of this reverse split was a reduction of the outstanding shares of
40,435,367.  On
June 19, 2007, the Companys convertible notes payable were called.  The
company issued 1,000,000 shares in exchange for $700,000 of the convertible
notes.  On
July 12, 2007 the Company issued 100,000 shares of common stock in exchange for
consulting services rendered.  On
March 31, 2008 the Company issued 15,000 shares of common stock for $15,000.  On
February 26, 2010 the Company issued 20,000 shares of common stock for
$20,000.  Note 6 
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.  In
March 2007, the additional $100,000 was received.  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.  The balance of the convertible notes payable at December
31, 2008 was $300,000.  The
Company issued additional convertible notes payable in July of 2009 in the
amount of $100,000.  The note is due one year from the date of issue and
bears interest at a 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     Hitor Group, Inc. FormerlyNano-Jet
Corp. (A development stage enterprise) Notes to Financial Statements June 30, 2010   at
a rate of one share per $1 of debt including unpaid interest.  The balance
of this note is $100,000 at December 31, 2009.  The
Company issued additional convertible notes payable in March of 2010 in the
amount of $21,000.  These notes are due one year from the date of issue and
bears interest at a rate of 15% per annum compounded annually.  The terms
of the notes allows the holder to convert the note into shares of the Companys
stock at a rate of: a 50% discount of the market-makers best bid price or $0.10
per share.  Note
7  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
8 - New accounting pronouncements: In May 2008, the
Accounting Standards Codification issued 944, Accounting for Financial
Guarantee Insurance Contracts-and interpretation of Accounting Standards
Codification 944.  Accounting Standards Codification 944 clarifies how
Accounting Standards Codification 944 applies to financial guarantee insurance
contracts, including the recognition and measurement of premium revenue and
claims liabilities. This statement also requires expanded disclosures about
financial guarantee insurance contracts. Accounting Standards Codification
944.20.15 is effective for fiscal years beginning on or after December 15, 2008,
and interim periods within those years. Accounting Standards Codification 944
has no effect on the Companys financial position, statements of operations, or
cash flows at this time.  In March 2008, the
Accounting Standards Codification issued 815, Disclosures about Derivative
Instruments and Hedging Activitiesan amendment of Accounting Standards
Codification 815.  This standard requires companies to provide
enhanced disclosures about (a) how and why an entity uses derivative
instruments, (b) how derivative instruments and related hedged items are
accounted for under 815 and its related interpretations, and (c) how derivative
instruments and related hedged items affect an entitys financial position,
financial performance, and cash flows. This Statement is effective for financial
statements issued for fiscal years and interim periods beginning after November
15, 2008, with early application encouraged. The Company has not yet adopted the
provisions of Accounting Standards Codification 815, but does not expect it to
have a material impact on its consolidated financial position, results of
operations or cash flows.  In December
2007, the SEC issued Staff Accounting Bulletin (SAB) No. 110 regarding the use
of a "simplified" method, as discussed in SAB No. 107 (SAB 107), in developing
an estimate of expected term of "plain vanilla" share options in accordance with
SFAS No. 123 (R), Share-Based Payment.  In particular, the staff
indicated in SAB 107 that it will accept a company's election to use the
simplified method, regardless of whether the company has sufficient information
to make more refined estimates of expected term. At the time SAB 107 was issued,
the staff believed that more detailed external information about employee
exercise behavior (e.g., employee exercise patterns by industry and/or other
categories of companies) would, over time, become readily available to
companies. Therefore, the staff stated in SAB 107 that it would not expect a
company to use the simplified method for share option grants after December 31,
2007. The staff understands that such detailed information about employee
exercise behavior may not be widely available by December 31, 2007.     Hitor Group, Inc. FormerlyNano-Jet
Corp. (A development stage enterprise) Notes to Financial Statements June 30, 2010    In December 2007, the
Accounting Standards Codification 815.10.65, Noncontrolling Interests in
Consolidated Financial Statementsan amendment of Accounting Standards
Codification 810.  This statement amends Accounting Standards
Codification  810.10.65 to establish accounting and reporting standards for
the noncontrolling interest in a subsidiary and for the deconsolidation of a
subsidiary. It clarifies that a noncontrolling interest in a subsidiary is an
ownership interest in the consolidated entity that should be reported as equity
in the consolidated financial statements. Before this statement was issued,
limited guidance existed for reporting noncontrolling interests. As a result,
considerable diversity in practice existed. So-called minority interests were
reported in the consolidated statement of financial position as liabilities or
in the mezzanine section between liabilities and equity. This statement improves
comparability by eliminating that diversity. This statement is effective for
fiscal years, and interim periods within those fiscal years, beginning on or
after December 15, 2008 (that is, January 1, 2009, for entities with calendar
year-ends). Earlier adoption is prohibited. The effective date of this statement
is the same as that of the related Accounting Standards Codification 805
(revised 2007). The Company will adopt this Statement beginning March 1, 2009.
It is not believed that this will have an impact on the Companys consolidated
financial position, results of operations or cash flows.  In December 2007, the
Accounting Standards Codification, issued Accounting Standards Codification 805
(revised 2007), Business Combinations.  This Statement establishes
principles and requirements for how the acquirer: (a) recognizes and measures in
its financial statements the identifiable assets acquired, the liabilities
assumed, and any noncontrolling interest in the acquiree; (b) recognizes and
measures the goodwill acquired in the business combination or a gain from a
bargain purchase; and (c) determines what information to disclose to enable
users of the financial statements to evaluate the nature and financial effects
of the business combination. This statement applies prospectively to business
combinations for which the acquisition date is on or after the beginning of the
first annual reporting period beginning on or after December 15, 2008. An entity
may not apply it before that date. The effective date of this statement is the
same as that of the related Accounting Standards Codification 810,
Noncontrolling Interests in Consolidated Financial Statements.  The
Company will adopt this statement beginning March 1, 2009. It is not believed
that this will have an impact on the Companys consolidated financial position,
results of operations or cash flows.  In February 2007, the
Accounting Standards Codification, issued Accounting Standards Codification 810,
The Fair Value Option for Financial Assets and LiabilitiesIncluding an
Amendment of Accounting Standards Codification 320.  This standard
permits an entity to choose to measure many financial instruments and certain
other items at fair value. This option is available to all entities. Most of the
provisions in Accounting Standards Codification 810 are elective; however, an
amendment to Accounting Standards Codification 320 Accounting for Certain
Investments in Debt and Equity Securities applies to all entities with available
for sale or trading securities. Some requirements apply differently to entities
that do not report net income. Accounting Standards Codification 810 is
effective as of the beginning of an entities first fiscal year that begins after
November 15, 2007. Early adoption is permitted as of the beginning of the
previous fiscal year provided that the entity makes that choice in the first 120
days of that fiscal year and also elects to apply the provisions of SFAS No. 157
Fair Value Measurements.  The Company will adopt Accounting Standards
Codification 810 beginning March 1, 2008 and is currently evaluating the
potential impact the adoption of this pronouncement will have on its
consolidated financial statements.      Hitor Group, Inc. FormerlyNano-Jet
Corp. (A development stage enterprise) Notes to Financial Statements June 30, 2010   In September 2006,
the Accounting Standards Codification issued Accounting Standards Codification
820, Fair Value Measurements  This statement defines fair value,
establishes a framework for measuring fair value in generally accepted
accounting principles (GAAP), and expands disclosures about fair value
measurements. This statement applies under other accounting pronouncements that
require or permit fair value measurements, the Board having previously concluded
in those accounting pronouncements that fair value is the relevant measurement
attribute. Accordingly, this statement does not require any new fair value
measurements. However, for some entities, the application of this statement will
change current practice. This statement is effective for financial statements
issued for fiscal years beginning after November 15, 2007, and interim periods
within those fiscal years. Earlier application is encouraged, provided that the
reporting entity has not yet issued financial statements for that fiscal year,
including financial statements for an interim period within that fiscal year.
The Company will adopt this statement March 1, 2008, and it is not believed that
this will have an impact on the Companys consolidated financial position,
results of operations or cash flows.


Item
2. Plan of Operation Hitor
Group (formerly Can/Am Auto sales, Inc., LFG International, Inc. and Nano-Jet
Corp) ("Hitor Group" or the Company), 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 June 30, 2010,
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, 2010, Hitor Group had $3,142 cash on hand.  Development stage
net loss for the quarter ended June 30, 2010, was $26,923 compared to $9,095 for
the quarter ended June 30, 2009. The loss for the quarter ended June 30, 2010,
consisted primarily of legal and accounting expenses, in addition to marketing
expenses, incident to the company's development stage activities, with no sales
revenues for the quarter ended. 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. Hitor Group expects
to further build out its 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  Evaluation of Disclosure Controls and
Procedures  Our Chief Executive Officer and Chief
Financial Officer, after evaluating the effectiveness of our disclosure controls
and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)), have
concluded that, as of June 30, 2010, our disclosure controls and procedures were
not effective in providing reasonable assurance that information we are required
to disclose in reports we file is recorded, processed, summarized and reported
within the periods specified.  Specifically, we have noted the
following material weaknesses and significant deficiencies in our internal
controls over financial reporting and disclosure:  ·we do not have sufficient segregation
of duties in our day-to-day operations and have not implemented compensating
controls to offset the material weaknesses noted; ·we have noted material weaknesses
with respect to our financial reporting process, most notably our internal audit
functions; ·we have noted material weaknesses
with respect to our corporate governance and control environment, as noted by
restatements of our financial statements from September 30, 2006, to September
30, 2008, due to material misstatements noted in the mis-classification and
treatment of our reverse merger, as more fully described in Note 2 to the
interim financial statements filed with this report.  We have restated
all financial statements from September 30, 2006 to September 30,
2008.  Changes in Internal Control Over
Financial Reporting  There were no changes in our internal
control over financial reporting during the three months ended June 30, 2010,
that have materially affected, or are reasonably likely to materially affect our
internal controls over financial reporting.  Due to the material weaknesses and
significant deficiencies noted above, management and the Board of Directors are
currently working to remediate all noted weaknesses and
deficiencies.  Part II  Other Information Item
6. Exhibits The following documents are attached as exhibits hereto.        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 Date: August
23, 2010