**FORM      10-Q**

| x | QUARTERLY                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934 |
|---|-----------------------------------------------------------------------------------------------------------------|

|  ̈ | TRANSITION                REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE                ACT |
|--------|-----------------------------------------------------------------------------------------------|

**Atlantis      Technology Group**

| Nevada                                                                                      |   | 95-4082020                                             |
|---------------------------------------------------------------------------------------------|--------|--------------------------------------------------------|
| (State or other jurisdiction of Incorporation orOrganization) |   | (I.R.S. Employer Identification Number) |

| Large                accelerated filer  o |    | Accelerated                filer  o |    | Non-accelerated                filer  o |    | Smaller reporting company  x |
|-----------------------------------------------------|--------------|-----------------------------------------------|--------------|---------------------------------------------------|--------------|--------------------------------------------------|

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**FORWARD      LOOKING STATEMENTS**

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**ATLANTIS      TECHNOLOGY GROUP**

**CONDENSED      CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE      30, 2008 AND 2007**

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**ATLANTIS      TECHNOLOGY GROUP**

**CONDENSED      CONSOLIDATED FINANCIAL STATEMENTS **

**JUNE      30, 2008 AND 2007**

**INDEX      TO CONDENSED**
**CONSOLIDATED      FINANCIAL STATEMENTS**

|                                                                       |   | **Page(s)**            |
|----------------------------------------------------------------------------|--------|------------------------|
|                                                                       |   |                   |
|                                                                       |   |                   |
|                                                                       |   |                   |
| Condensed                Consolidated Balance Sheet as of June 30, 2008    |   |                   |
| (Unaudited)                and December 31, 2007 (Audited)                 |   | 5                      |
|                                                                       |   |                   |
| Condensed                Consolidated Statements of Operations for the six |   |                   |
| and                three months ending June 30, 2008 (Unaudited) and 2007  |   |                   |
| (Unaudited)                                                                |   | 6                      |
|                                                                       |   |                   |
| Condensed                Consolidated Statements of Cash Flows the six     |   |                   |
| months                ending June 30, 2008 (Unaudited) and                 |   |                   |
| 2007                (Unaudited)                                            |   | 7                      |
| Notes                to the Condensed Consolidated Financial Statements    |   | 8 – 20 |

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**ATLANTIS      TECHNOLOGY GROUP**

**CONDENSED      CONSOLIDATED BALANCE SHEET - (UNAUDITED)**

**June      30, 2008**

|                                                                                                                                                                                                                                           |   | **June 30,** |       | **December 31,** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|------------|-----------------------|--------|
|                                                                                                                                                                                                                                           |   | **2008**          |       | **2007**              |   |
|                                                                                                                                                                                                                                           |   | **(Unaudited)**   |       | **(Audited)**         |   |
| **ASSETS**                                                                                                                                                                                                                                     |   |              |       |                  |   |   |   |
|                                                                                                                                                                                                                                           |   |              |       |                  |   |   |   |
| **CURRENT                ASSETS**                                                                                                                                                                                                              |   |              |       |                  |   |   |   |
| Cash                                                                                                                                                                                                                                           |   | $                 | -          |                  | $      | 1,441 |   |
|                                                                                                                                                                                                                                           |   |              |       |                  |   |   |   |
| **TOTAL                ASSETS**                                                                                                                                                                                                                |   | $                 | -          |                  | $      | 1,441 |   |
|                                                                                                                                                                                                                                           |   |              |       |                  |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS' DEFICIT**                                                                                                                                                                                       |   |              |       |                  |   |   |   |
|                                                                                                                                                                                                                                           |   |              |       |                  |   |   |   |
| **CURRENT                LIABILITIES**                                                                                                                                                                                                         |   |              |       |                  |   |   |   |
| Accounts                payable and accrued expenses                                                                                                                                                                                           |   | $                 | 118,236    |                  | $      | 65,840 |   |
|                                                                                                                                                                                                                                           |   |              |       |                  |   |   |   |
| **Total                Liabilities**                                                                                                                                                                                                           |   |              | 118,236    |                  |   | 65,840 |   |
|                                                                                                                                                                                                                                           |   |              |       |                  |   |   |   |
| **STOCKHOLDERS'                DEFICIT**                                                                                                                                                                                                       |   |              |       |                  |   |   |   |
|                                                                                                                                                                                                                                           |   |              |       |                  |   |   |   |
| Preferred                stock A, $.001 par value, authorized 1,000,000 shares at June 30,                2008, no                shares issued                                                                                                |   |              | 1,000,000  |                  |   | - |   |
| Preferred                stock B, $.001 par value, authorized 1,000,000 shares at June 30,                2008, no                shares issued                                                                                                |   |              | 1,000,000  |                  |   | - |   |
| Common                stock, $.001 par value, authorized 500,000,000 shares at June 30,                2008 and                Dececember 31, 2007 and 185,165,600 and 315,165,600 shares issued                and                outstanding |   |              | 185,166    |                  |   | 315,166 |   |
| Deposit                                                                                                                                                                                                                                        |   |              | -          |                  |   | (2,500,000 | ) |
| Subscription                receivable                                                                                                                                                                                                         |   |              | (76,800    | )                     |   | (79,300 | ) |
| Additional                paid-in capital                                                                                                                                                                                                      |   |              | 3,358,180  |                  |   | 5,506,180 |   |
| Accumulated                deficit                                                                                                                                                                                                             |   |              | (5,584,782 | )                     |   | (3,306,445 | ) |
|                                                                                                                                                                                                                                           |   |              |       |                  |   |   |   |
| **Total                Stockholders' Deficit**                                                                                                                                                                                                 |   |              | (118,236   | )                     |   | (64,399 | ) |
|                                                                                                                                                                                                                                           |   |              |       |                  |   |   |   |
| **TOTAL                LIABILITIES AND** **STOCKHOLDERS'                DEFICIT**                                                                                                                                                         |   | $                 | -          |                  | $      | 1,441 |   |

----

**ATLANTIS      TECHNOLOGY GROUP**

**CONDENSED      CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)**

|                                                                                            |   | **Six Months ended June 30,** |        | **Three Months ended June 30,** |   |
|-------------------------------------------------------------------------------------------------|--------|---------------------------------------------------|-------------|-----------------------------------------------------|--------|
|                                                                                            |   |                                              |        | **(Restated)**                                      |   |   |   | **(Restated)** |   |
|                                                                                            |   | **2008**                                          |        | **2007**                                            |   | **2008** |   | **2007** |   |
|                                                                                            |   |                                              |        |                                                |   |   |   |   |   |
| **REVENUE**                                                                                     |   |                                              |        |                                                |   |   |   |   |   |   |   |   |   |
|                                                                                            |   |                                              |        |                                                |   |   |   |   |   |   |   |   |   |
| Sales                                                                                           |   | $                                                 | -           |                                                | $      | - |   | $ | - |   | $ | - |   |
|                                                                                            |   |                                              |        |                                                |   |   |   |   |   |   |   |   |   |
| **Total                revenue**                                                                |   |                                              | -           |                                                |   | - |   |   | - |   |   | - |   |
|                                                                                            |   |                                              |        |                                                |   |   |   |   |   |   |   |   |   |
| **COST                OF SALES**                                                                |   |                                              | -           |                                                |   | - |   |   | - |   |   | - |   |
|                                                                                            |   |                                              |        |                                                |   |   |   |   |   |   |   |   |   |
| **GROSS                PROFIT**                                                                 |   |                                              | -           |                                                |   | - |   |   | - |   |   | - |   |
|                                                                                            |   |                                              |        |                                                |   |   |   |   |   |   |   |   |   |
| **OPERATING                EXPENSES**                                                           |   |                                              |        |                                                |   |   |   |   |   |   |   |   |   |
| Compensation                and Consulting                                                      |   |                                              | 2,237,581   |                                                |   | 58,850 |   |   | 2,233,830 |   |   | 36,850 |   |
| Professional                fees and other                                                      |   |                                              | 35,566      |                                                |   | 125,660 |   |   | 35,566 |   |   | 73,260 |   |
| General                and administrative expenses                                              |   |                                              | 5,190       |                                                |   | 33,782 |   |   | 6,363 |   |   | 11,681 |   |
|                                                                                            |   |                                              |        |                                                |   |   |   |   |   |   |   |   |   |
| Total                operating expenses                                                         |   |                                              | 2,278,337   |                                                |   | 218,707 |   |   | 2,275,759 |   |   | 121,791 |   |
|                                                                                            |   |                                              |        |                                                |   |   |   |   |   |   |   |   |   |
| **NET                LOSS BEFORE PROVISION FOR INCOME TAXES**                                   |   |                                              | (2,278,337  | )                                                   |   | (218,707 | ) |   | (2,275,759 | ) |   | (121,791 | ) |
|                                                                                            |   |                                              |        |                                                |   |   |   |   |   |   |   |   |   |
| Provision                for income taxes                                                       |   |                                              | -           |                                                |   | - |   |   | - |   |   | - |   |
|                                                                                            |   |                                              |        |                                                |   |   |   |   |   |   |   |   |   |
| **NET                LOSS APPLICABLE TO COMMON SHARES**                                         |   | $                                                 | (2,278,337  | )                                                   | $      | (218,707 | ) | $ | (2,275,759 | ) | $ | (121,791 | ) |
|                                                                                            |   |                                              |        |                                                |   |   |   |   |   |   |   |   |   |
| **NET                LOSS PER BASIC AND DILUTED SHARES**                                        |   | $                                                 | (0.01       | )                                                   | $      | (0.01 | ) | $ | (0.01 | ) | $ | (0.00 | ) |
|                                                                                            |   |                                              |        |                                                |   |   |   |   |   |   |   |   |   |
| **WEIGHTED                AVERAGE NUMBER OF** **COMMON                SHARES OUTSTANDING** |   |                                              | 322,445,820 |                                                |   | 16,238,003 |   |   | 329,726,040 |   |   | 30,787,029 |   |

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**ATLANTIS      TECHNOLOGY GROUP**

**CONDENSED      CONSOLIDATED STATEMENTS OF CASH FLOWS - (UNAUDITED)**

|                                                                                                                     |   | **Six  Months**    |       | **Six  Months**    |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|------------|------------------------------|--------|
|                                                                                                                     |   |                         |       | **(Restated)**               |   |
|                                                                                                                     |   | **ended June 30,** |       | **ended June 30,** |   |
|                                                                                                                     |   | **2008**                     |       | **2007**                     |   |
| **CASH                FLOW FROM OPERATING ACTIVITIES**                                                                   |   |                         |       |                         |   |   |   |
|                                                                                                                     |   |                         |       |                         |   |   |   |
| Net                Loss                                                                                                  |   | $                            | (2,278,337 | )                            | $      | (218,707 | ) |
|                                                                                                                     |   |                         |       |                         |   |   |   |
| **Adjustments                to reconcile net income (loss) to net cash (used in) operating                activities:** |   |                         |       |                         |   |   |   |
|                                                                                                                     |   |                         |       |                         |   |   |   |
| Issuance                of common stock for compensation                                                                 |   |                         | 22,000     |                         |   | - |   |
| Issuance                of preferred stock for compensation                                                              |   |                         | 2,200,000  |                         |   | - |   |
|                                                                                                                     |   |                         |       |                         |   |   |   |
| Changes                in assets and liabilities:                                                                        |   |                         |       |                         |   |   |   |
| Increase                (Decrease) in accounts payable and other accrued payables                                        |   |                         | 52,396     |                         |   | (400 | ) |
| **Net                cash (used in) operating activities -**                                                             |   |                         | (3,941     | )                            |   | (219,107 | ) |
|                                                                                                                     |   |                         |       |                         |   |   |   |
| **CASH                FLOWS FROM FINANCING ACTIVITIES:**                                                                 |   |                         |       |                         |   |   |   |
|                                                                                                                     |   |                         |       |                         |   |   |   |
| Stock                issued for cash                                                                                     |   |                         | 2,500      |                         |   | 228,123 |   |
|                                                                                                                     |   |                         |       |                         |   |   |   |
| **Net                cash provided by financing activities**                                                             |   |                         | 2,500      |                         |   | 228,123 |   |
|                                                                                                                     |   |                         |       |                         |   |   |   |
| **Net                Increase (decrease) in cash for the period**                                                        |   |                         | (1,441     | )                            |   | 9,016 |   |
|                                                                                                                     |   |                         |       |                         |   |   |   |
| **Cash                beginning of period**                                                                              |   |                         | 1,441      |                         |   | 5,939 |   |
|                                                                                                                     |   |                         |       |                         |   |   |   |
| **Cash                end of the period**                                                                                |   | $                            | -          |                         | $      | 14,955 |   |
|                                                                                                                     |   |                         |       |                         |   |   |   |
| **SUPPLEMENTAL                DISCLOSURE OF CASH FLOW INFORMATION:**                                                     |   |                         |       |                         |   |   |   |
|                                                                                                                     |   |                         |       |                         |   |   |   |
| Interest                expense                                                                                          |   | $                            | -          |                         | $      | - |   |
| Income                taxes paid                                                                                         |   | $                            | -          |                         | $      | - |   |

----

**ATLANTIS      TECHNOLOGY GROUP**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS **

**JUNE      30, 2008 AND 2007**

| **NOTE              1-** | **ORGANIZATION                AND BUSINESS** |
|--------------------------|----------------------------------------------|

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**ATLANTIS      TECHNOLOGY GROUP**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS **

**JUNE      30, 2008 AND 2007**

| **NOTE              1-** | **ORGANIZATION                AND BUSINESS (CONTINUED)**  |
|--------------------------|----------------------------------------------------------------|

|   | 1. | To                elect all members of the Board of                Directors. |
|--------|----|-------------------------------------------------------------------------------|

|   | 2. | To                approve Bagell, Josephs, Levine and Company, LLC as the Company’s                independent auditors for the coming                year. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | To                approve granting the Board of Directors the authority to elect ,                at the                Board’s discretion, to withdraw the Company’s election to be regulated as                a Business Development Company under Section 54 of the Investment                Company                Act of 1940. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4. | To                transact such other business as may properly come before the Special                Meeting and any adjournment or postponement                thereof. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**ATLANTIS      TECHNOLOGY GROUP**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE      30, 2008 AND 2007**

| **NOTE              1-** | **ORGANIZATION                AND BUSINESS                (CONTINUED)** |
|--------------------------|-------------------------------------------------------------------------|

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**ATLANTIS      TECHNOLOGY GROUP**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE      30, 2008 AND 2007**

| **NOTE              1-** | **ORGANIZATION                AND BUSINESS                (CONTINUED)** |
|--------------------------|-------------------------------------------------------------------------|

|   | 1. | Rescinded                and cancelled common stock shares issued for services, compensation                and                transactions with related parties. (See Note 4). The majority of                the                shares issued for the above were cancelled going back to June                2004. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | Restating                its financial statements. |
|--------|----|----------------------------------------------------|

|   | 3. | Filed                a proxy to withdraw from a BDC status. The election was approved                September                10, 2007. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------|

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**ATLANTIS      TECHNOLOGY GROUP**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE      30, 2008 AND 2007**

| **NOTE              2-** | **SUMMARY                OF SIGNIFICANT ACCOUNTING                POLICIES** |
|--------------------------|------------------------------------------------------------------------------|

**Use      of Estimates**

**Cash      and Cash Equivalents**

**Fair      Value of Financial Instruments**

**Investments –      Valuation**

| **NOTE              2-** | **SUMMARY                OF SIGNIFICANT ACCOUNTING POLICIES                (CONTINUED)** |
|--------------------------|------------------------------------------------------------------------------------------|

**Income      Taxes**

**Principles      of Consolidation**

|   | 1. | Atlantis                Media Group |
|--------|----|-------------------------------------|

|   | 2. | Atlantis                Communications Group |
|--------|----|----------------------------------------------|

|   | 3. | Atlantis                Energy Corporation |
|--------|----|--------------------------------------------|

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**ATLANTIS      TECHNOLOGY GROUP**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE      30, 2008 AND 2007**

| **NOTE              2-** | **SUMMARY                OF SIGNIFICANT ACCOUNTING POLICIES                (CONTINUED)** |
|--------------------------|------------------------------------------------------------------------------------------|

**Earnings      (loss) per Common Share **

|                                                                |   | 2008   |        | 2007   |   |
|---------------------------------------------------------------------|--------|--------|-------------|--------|--------|
|                                                                |   |   |        |   |   |
| Net                Loss                                             |   | $      | (2,278,337  | )      | $      | (218,707 | ) |
|                                                                |   |   |             |   |   |  |   |
| Weighted                average common shares outstanding (Basic)   |   |   | 322,445,820 |   |   | 16,238,003 |   |
|                                                                |   |   |             |   |   |  |   |
| Weighted                average common stock equivalents            |   |   |             |   |   |  |   |
|                                                                |   |   |             |   |   |  |   |
| Stock                Options                                        |   |   | -           |   |   | - |   |
| Warrants                                                            |   |   | -           |   |   | - |   |
|                                                                |   |   |             |   |   |  |   |
| Weighted                average common shares outstanding (Diluted) |   |   | 322,445,820 |   |   | 16,238,003 |   |

----

**ATLANTIS      TECHNOLOGY GROUP**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE      30, 2008 AND 2007**

| **NOTE              2-** | **SUMMARY                OF SIGNIFICANT ACCOUNTING POLICIES                (CONTINUED)** |
|--------------------------|------------------------------------------------------------------------------------------|

**Reclassifications      **

| **NOTE              3-** | **INVESTMENTS** |
|--------------------------|-----------------|

**List      of Investments**

|                       |   |   |                              | Percentage |   |   |   |
|----------------------------|--------|--------|-----------------------------------|------------|--------|--------|--------|
| EFTAS,                Inc. |   |   | Common                shares held |       |   | Owned  |   |   | Cost |   |   | Fair                Value |   |
|                       |   |   |                              |       |   |   |   |   |   |   |   |   |   |
|                       |   |   | 23,800,000                        |       |   | 34     | %      |   | Internally |   | $ | -0- |   |
|                       |   |   |                              |       |   |   |   |   | developed |   |   |   |   |
|                       |   |   |                              |       |   |   |   |   | before |   |   |   |   |
|                       |   |   |                              |       |   |   |   |   | transfer |   |   |   |   |

| **NOTE              4-** | **STOCKHOLDERS'                (DEFICIT)** |
|--------------------------|--------------------------------------------|

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**ATLANTIS      TECHNOLOGY GROUP**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE      30, 2008 AND 2007**

| **NOTE              4-** | **STOCKHOLDERS'                (DEFICIT) (CONTINUED)** |
|--------------------------|--------------------------------------------------------|

**Stock      Transactions for the six months ended June 30, 2007**

**Stock      splits for 2007**

**Stock      Transactions for the six months ended June 30, 2008**

----

**ATLANTIS      TECHNOLOGY GROUP**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE      30, 2008 AND 2007**

| **NOTE              4-** | **STOCKHOLDERS'                (DEFICIT) (CONTINUED)** |
|--------------------------|--------------------------------------------------------|

**Stock      Transactions for the six months ended June 30, 2008      (Continued)**

**The      following transactions were rescinded and the stock cancelled accordingly in      August 2007. The financial statements have been retroactively restated to      reflect the cancellations of those transactions.**

**2004**

**2005**

**2006**

| **NOTE              5-** | **STOCK                ISSUANCE FOR DEPOSITS**** ** |
|--------------------------|----------------------------------------------------------|

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**ATLANTIS      TECHNOLOGY GROUP**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**JUNE      30, 2008 AND 2007**

| **NOTE              6-** | **PROVISION                FOR INCOME TAXES** |
|--------------------------|-----------------------------------------------|

|                                                                                      |   | 2008   |       | 2007   |   |
|---------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|
|                                                                                      |   |   |       |   |   |
| Deferred                taxes due to net effects of operating loss carryforwards                    |   | $      | 1,677,000  |   | $      | 993,000 |   |
|                                                                                      |   |   |            |   |   |  |   |
| Less:                Valuation Allowance                                                            |   |   | (1,677,000 | )      |   | (993,000 | ) |
|                                                                                      |   |   |            |   |   |  |   |
| Net                deferred tax asset                                                          |   | $      | -          |   | $      | - |   |

----

**ATLANTIS      TECHNOLOGY GROUP**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS **

**JUNE      30, 2008 AND 2007**

| **NOTE              7-** | **GOING                CONCERN**** ** |
|--------------------------|--------------------------------------------|

| **NOTE              8-** | **CONTINGENCY                AND UNCERTAINTIES** |
|--------------------------|--------------------------------------------------|

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**ATLANTIS      TECHNOLOGY GROUP**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS **

**JUNE      30, 2008 AND 2007**

| **NOTE              9-** | **SETTLEMENT                OFFER** |
|--------------------------|-------------------------------------|

|   | A. | Atlantis                shall cease and desist from committing or causing any violations                and any                future violations of section 17(g), 18(d), 23(a), 34(b), and 56(a)                of the                Investment Company Act and Rules 17g-1 and 38a-1 there                under. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | B. | The                regulation E exemption as to Atlantis be, and hereby is, permanently                suspended. |
|--------|----|-------------------------------------------------------------------------------------------------------------------|

| **NOTE              10-** | **RESTATEMENT                OF FINANCIAL                STATEMENTS** |
|---------------------------|-----------------------------------------------------------------------|

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**ATLANTIS      TECHNOLOGY GROUP**

**NOTES      TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS **

**JUNE      30, 2008 AND 2007**

| **NOTE              10-** | **RESTATEMENT                OF FINANCIAL STATEMENTS                (CONTINUED)** |
|---------------------------|-----------------------------------------------------------------------------------|

| **For              6/30/07**                              |   | Originally FiledFor                the quarterended                June 30,2007 |   | RestatedFor                the quarterended                June 30,2007 |   |
|-----------------------------------------------------------|--------|--------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------|--------|
|                                                      |   |                                                                                 |   |                                                                    |   |
| Assets                                                    |   | $                                                                                    | 14,955 |                                                                    | $      | 14,955 |   |
|                                                      |   |                                                                                 |   |                                                                    |   |   |   |
| Liabilities                                               |   |                                                                                 | 9,112  |                                                                    |   | 17,112 |   |
|                                                      |   |                                                                                 |   |                                                                    |   |   |   |
| Stockholders'                Equity                       |   |                                                                                 | 5,843  |                                                                    |   | (2,157 | ) |
|                                                      |   |                                                                                 |   |                                                                    |   |   |   |
| Total                Liabilities and Stockholders' Equity |   | $                                                                                    | 14,955 |                                                                    | $      | 14,955 |   |

|                                                                            |   | Originally FiledFor                the quarterended                June 30,2007 |     | RestatedFor                the quarterended                June 30,2007 |   |
|---------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------|----------|-------------------------------------------------------------------------|--------|
|                                                                            |   |                                                                                 |     |                                                                    |   |
| OPERATING                EXPENSES:                                              |   | $                                                                                    | 293,633  |                                                                    | $      | 218,707 |   |
|                                                                            |   |                                                                                 |     |                                                                    |   |   |   |
| (LOSS)                FROM OPERATIONS                                           |   |                                                                                 | (293,633 | )                                                                       |   | (218,707 | ) |
|                                                                            |   |                                                                                 |     |                                                                    |   |   |   |
| NET                (LOSS)                                                       |   | $                                                                                    | (293,633 | )                                                                       | $      | (218,707 | ) |
|                                                                            |   |                                                                                 |     |                                                                    |   |   |   |
| Net                loss per share, basic and diluted                            |   | $                                                                                    | (3.49    | )                                                                       | $      | (0.01 | ) |
|                                                                            |   |                                                                                 |     |                                                                    |   |   |   |
| Weighted                average number of shares outstanding, basic and diluted |   |                                                                                 | 84,203   |                                                                    |   | 16,238,003 |   |

----

**I**
**TEM      2*****.       Management's Discussion And Analysis Of Financial Condition And Results Of      Operations***

**OVERVIEW**

**RESULTS      OF OPERATIONS**

**Six      Months Ended June 30, 2008 as Compared to Six Months Ended June 30,      2007**

*Revenues*

*Operational      Expenses*

**ix      **
**ix**

**ix**
**ix**

**ix**

----

**LIQUIDITY      AND CAPITAL RESOURCES**

*Going      Concern*

**OFF      BALANCE SHEET RISK**

***ITEM      3. Quantitative and Qualitative Disclosures a bout Market      Risk.***

***ITEM      4.  Controls and Procedures***

----

***Item      1. Legal Proceedings***

The      Company has filed an offer of settlement in anticipation of a public      administrative cease and desist order by the Securities and Exchange      Commission.

***Item      2. Unregistered Sales Of Equity Securities And Use Of      Proceeds***

***Item      3. Defaults Upon Senior Securities***

***Item      4. Submission Of Matters To A Vote Of Securities      Holders***

***Item      5. Other Information***

***Item      6. Exhibits***

***Signatures***

|   | By:                                                                                                                                                 |  |  |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|
|   | Christopher                M. Dubeau, Chief Executive Officerand                Principal Financial Officer, Principal Accounting                Officer |

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