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 MARCH 31, 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)  Nevada98-0384073(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 [  ] Shell Company: [  ] Yes [X] No As of March 31, 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:March 31, 2007 and 2008F-2Statements of Operations:For the three months ended March 31, 2007 and 2008F-3Statements of Stockholders' Deficit:For the three months ended March 31, 2007 and 2008F-5Statements of Cash Flows:For the three months ended March 31, 2007 and 2008F-6Notes to Financial Statements:March 31, 2008F-7      HITOR GROUP, INC.(Formerly NANO-JET, CORP.)(A development stage enterprise)Balance SheetUNAUDITEDMarch 31,March 31,20082007ASSETSCurrent assets:Cash$         36,133$          25,081Funds held in trust, Attorney-1,412Accounts receivable--Inventory80,910101,508Total current assets117,043128,001Fixed AssetsFurniture and Equipment5,946-Computer Equipment8,0061,549Leasehold Improvements20,296Total Fixed Assets34,2481,549Less Accumulated Depreciation(2,952)Net Fixed Assets31,2961,549Other AssetsDeposits5,000-Goodwill172,652172,652Total Other Assets177,652172,652Total assets$        325,991$        302,202LIABILITIESCurrent liabilities:Accounts payable and accrued expenses$         17,000$          19,506Advances from shareholder1,083106,711Advance from Lantz Financial, Inc.24,50049,500Total current liabilities42,583175,717Long-term  liabilities:Convertible Notes Payable1,000,000300,000Total long-term liabilities1,000,000300,000Total liabilities1,042,583475,717STOCKHOLDERS' DEFICITCommon stock, $.001 par value, 1,000,000,000 authorized,40,684,633 shares issued and outstanding40,68440,569Capital in excess of par value186,88572,000Deficit accumulated during the development stage(944,161)(286,084)Total stockholders' deficit(716,592)(173,515)Total liabilities and stockholders' deficit$        325,991$        302,202F-2      HITOR GROUP, INC.(Formerly NANO-JET, CORP.)(A development stage enterprise)Statements of OperationsUNAUDITEDCumulative,Inception,November 22,2002 ThroughMarch 31,Period Ended March 31,200820082007Sales$         11,175$                -$           5,300Cost of Sales14,878-2,500Cost of Sales(3,703)-2,800General and administrative expenses:Salaries91,00019,500Depreciation2,952946-Legal and professional564,02840,21043,324Marketing and Advertising10,3264,408Insurance22,856362Communications14,8812,646Rent34,5866,900Demo Expense2,220-Other general and administrative183,77316,79934,320Total operating expenses926,62291,77177,644(Loss) from operations(930,325)(91,771)(74,844)Other income (expense):Interest Income4,581340Interest (expense)(18,417)--(Loss) before taxes(944,161)(91,431)(74,844)Provision (credit) for taxes on income---Net (loss)$      (944,161)$        (91,431)$        (74,844)Basic earnings (loss) per common share$        (0.0022)$        (0.0072)Weighted average number of shares outstanding40,670,27310,404,053F-3


HITOR GROUP, INC.(Formerly NANO-JET, CORP.)(A development stage enterprise)Statements of Stockholders' DeficitUNAUDITEDDeficitAccumulatedCapital inDuring theCommon StockExcess ofDevelopmentSharesAmountPar ValueStageTotalInception, November 22, 2002 through December 31, 2005 (Audited):Balances, December 31, 200567,133-$                              67-$         72,000-$          (141,093)$          (69,026)Year ended December 31, 2006:Shares issued in merger40,502,50040,50240,502Development stage net (loss)(70,350)(70,350)Balances, December 31, 200640,569,633$                       40,569$         72,000$          (211,443)$          (98,874)Year Ended December 31, 2007Shares Issued100,00010099,900100,000Development state net (loss)(641,287)(641,287)Balances, December 31, 200740,669,633$                       40,669$       171,900$          (852,730)$        (640,161)Period Ended March 31, 2008Shares Issued15,0001514,98515,000Development state net (loss)(91,431)(91,431)Balances, March 31, 200840,684,633$                       40,684$       186,885$          (944,161)$        (716,592)F-5      HITOR GROUP, INC.(Formerly NANO-JET, CORP.)(A development stage enterprise)Statements of Cash FlowsUNAUDTIEDCumulative,Inception,November 22,2002 ThroughMarch 31,Period Ended March 31,200820082007Cash flows from operating activities:Net (loss)$      (944,161)$        (91,431)$        (74,844)Adjustments to reconcile net (loss) to cashprovided (used) by developmental stage activities:Depreciation and Amortization5,561946-Change in current assets and liabilities:Funds held in trust, Attorney--Inventory(71,040)-(91,638)Deposits(5,000)-Accounts payable and accrued expenses25,445-(7,814)Net cash flows from operating activities(989,195)(90,485)(174,296)Cash flows from investing activities:Proceeds from Merger447-Purchase of fixed assets(34,248)(560)(1,549)Website development costs incurred(2,609)--Net cash flows from investing activities(36,410)(560)(1,549)Cash flows from financing activities:Proceeds from sale of common stock205,75015,000-Less, Offering expenses(18,683)--Advances from shareholder(124,829)-(39,201)Convertible Note Payable1,000,000-100,000Advance from Lantz Financial, Inc.(500)--Net cash flows from financing activities1,061,73815,00060,799Net cash flows36,133(76,045)(115,046)Cash and equivalents, beginning of period-112,178140,127Cash and equivalents, end of period$         36,133$         36,133$         25,081Supplemental cash flow disclosures:Cash paid for interest$        (18,417)$                -$                -Cash paid for income taxes---F-6   Hitor Group, Inc. FormerlyNano-Jet Corp. (A development stage enterprise) Notes to Financial Statements March 31, 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.    Hitor Group, Inc. FormerlyNano-Jet Corp. (A development stage enterprise) Notes to Financial Statements March 31, 2008 and 2007 UNAUDITED   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 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.   Hitor Group, Inc. FormerlyNano-Jet Corp. (A development stage enterprise) Notes to Financial Statements March 31, 2008 and 2007 UNAUDITED   Note 2 - Uncertainty, going concern: At March 31, 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. 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 $115,411.  These amounts are not secured by any written documents.  The full balance of Kenneth Martins loan was paid in full during 2007. 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   Hitor Group, Inc. FormerlyNano-Jet Corp. (A development stage enterprise) Notes to Financial Statements March 31, 2008 and 2007 UNAUDITED   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: 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   Hitor Group, Inc. FormerlyNano-Jet Corp. (A development stage enterprise) Notes to Financial Statements March 31, 2008 and 2007 UNAUDITED   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 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.  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.    Hitor Group, Inc. FormerlyNano-Jet Corp. (A development stage enterprise) Notes to Financial Statements March 31, 2008 and 2007 UNAUDITED   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: 1. FASB Statements 1.  Number 145, Rescission of FASB Statements No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical Corrections 2.  Number 146, Accounting for Costs Associated with Exit or Disposal Activities, 3.  Number 147, Acquisitions of Certain Financial Institutions  an amendment of FASB Statements No. 72 and 144 and FASB Interpretation No. 9, 4.  Number 148, Accounting for Stock-Based Compensation  Transition and Disclosure  an amendment of FASB Statement No. 123, 5.  Number 149, Amendment of Statement 133 on Derivative Investments and Hedging Activities, 6.  Number 150, Financial Instruments with Characteristics of Both Liabilities and Equity, 7.  Number 151, Inventory Costs  an amendment of ARB 43, Chapter 4 8.  Number 152, Accounting for Real Estate Time-Sharing Transactions  an amendment of FASB Statements No. 66 and 67 9.  Number 153, Exchanges of Nonmonetary Assets  an amendment of APB Opinion No. 29 10.  Number 154, Accounting for Changes and Error Corrections  a replacement of APB Opinion No. 20 and FASB Statement No. 3 1. and FASB Interpretations 1.  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 2.  Number 46(R), Consolidation of Variable Interest Entities  an Interpretation of ARB No. 51 3.  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 March 31, 2008, Hitor Group had $36,133 cash on hand. Development stage net loss for the quarter ended March 31, 2008 was $944,161 compared to $286,084 for the quarter ended March 31, 2007. The loss for the quarter ended March 31, 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 strategic alliances with major automotive manufacturing companies like Kenworth, Peterbuilt, Volvo, Mercedes, General Motors, Ford, Toyota, Nissan, and Chrysler. · 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.  4.  Projected Revenues/Projections  Over the next twelve (12) months, Hitor Group has forecast potential sales of its large unit, priced at $500 per unit, of 17,620 units, for potential gross sales of $8,810,000.  It has forecast sales of its smaller unit, at $215 per unit, of 11,593, for gross proceeds of $2,492,495.  This forecast is based on discussions with potential purchasers and distributors.  These potential sales are only projections and the Company has no historical basis from which the figures can be derived  In addition, Hitor Group has formed Nano Jet Racing Team, a division of Hitor Group, and will be distributing units that can be installed on motor cycle units through this division, as well as various motorcycle dealerships.  The projected sales forecast incorporates a portion of this potential market.  Hitor Group will be required to raise funds through equity and/or debt financing in order to purchase the units for resale.  The Company does not expect to encounter any delays with the production of the units after the orders are placed.  Hitor Group believes it will need to secure between $1,000,000 and $2,000,000 in financing to pre-pay for its order of large and small units.  Although purchasers and potential distributors have indicated to management of Hitor Group that they will purchase the units when received by the Company, it is possible that those orders may not materialize, or may not all materialize, and the sales forecast may not be met.  In addition, based on good faith estimates of management, Hitor Group will establish both market interest and sales of oil extraction equipment in the first year of $5,000,000 via oil industry specialists in sales positions for global market penetration.  This estimate is subject to market conditions and other market forces that may be beyond the control of Hitor Group. Item 4. Controls and procedures  As of the end of the period covered by this report, the Company carried out an evaluation of the effectiveness of the Companys disclosure controls and procedures (as defined by Rule 15(d)-15(e) under the Securities Exchange Act of 1934) under the supervision and with the participation of the Companys chief executive officer and chief financial officer (or persons performing similar functions). Based on and as of the date of such evaluation, the aforementioned officers have concluded that the Companys disclosure controls and procedures were effective.  The Company also maintains a system of internal accounting controls that is designed to provide assurance that assets are safeguarded and that transactions are executed in accordance with managements authorization and properly recorded. This system is continually reviewed and is augmented by written policies and procedures, the careful selection and training of qualified personnel and an internal audit program to monitor its effectiveness. During the quarter ended March 31, 2008, there were no significant changes to this system of internal controls over financial reporting or in other factors that could significantly affect those controls. Part II  Other Information Item 1. Legal Proceedings None Item 2. Unregistered Sales of Equity Securities and use of Proceeds. None Item 3. Defaults upon Senior Securities None  Item 4. Submission of Matters to a Vote of Security Holders None Item 5. Other information None Item 6. Exhibits and Reports on Form 8-K 
Exhibits: Exhibit No.DocumentLocation3.1Articles of IncorporationPreviously Filed3.2BylawsPreviously Filed31.1Certification of the Chief Financial Officer of the Company as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002Included32Certification 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 2002Included       SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly cuased 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