UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
Washington D.C. 20549

FORM 10-KSB

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended October 31, 2007 
                Commission File No. 000-27795

QUADTECH INTERNATIONAL, INC.

(Formerly: MEIER WORLDWIDE INTERMEDIA INC.)



Nevada
      52-2079421(State or other jurisdiction
      (IRS Employer Identification No.)of Incorporation or Organization)




189 Talisman Avenue.

Vancouver BC V5Y2L6,
Canada

(Address of principal
executive office) (Zip Code)



Registrant's telephone number: (604) 871-9031





Securities registered pursuant to Section 12(b) of the Act: None.

Securities registered pursuant to Section 12(g) of the Act: Common Stock, par
value $.001 per share.

Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X]  No [  ]

Check if disclosure of delinquent filers pursuant to Item 405 of Regulation
S-B is not contained herein, and will not be contained, to the best of
registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB. [X]

Revenues for issuer's most recent fiscal year: -0-

Number of shares of the issuer's common stock $0.00001 par value outstanding
as of February 12, 2007: 28,929,565.

Documents incorporated by reference: None

Transitional Small Business Disclosure Format: Yes__ No_X_

The aggregate market value of the voting stock held by non-affiliates of the
Registrant as of February 9, 2007, based on the average bid and asked prices of
Common Stock in the over-the-counter market on that date was $433,944.





---





|TABLE OF
    CONTENTS
    
    PART I
    ITEM 1. DESCRIPTION OF BUSINESS
    ITEM 2. DESCRIPTION OF PROPERTY
    ITEM 3. LEGAL PROCEEDINGS
    ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
    PART II
    ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDERS MATTERS
    ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
    ITEM 7. FINANCIAL STATEMENTS
    ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
    FINANCIAL DISCLOSURE
    ITEM 8A. CONTROLS AND PROCEDURES
    ITEM 8B. OTHER INFORMATION
    PART III
    ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
    COMPLIANCE WITH SECTION 16 (A) OF THE EXCHANGE ACT
    ITEM 10. EXECUTIVE COMPENSATION
    ITEM 11. SECURITIES OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
    AND
    RELATED STOCKHOLDER MATTERS
    ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
    ITEM 13. EXHIBITS
    ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



---





PART I

FORWARD-LOOKING STATEMENTS

Information included or incorporated by reference in this
annual report may contain forward-looking statements. This information may
involve known and unknown risks, uncertainties, and other factors which may
cause our actual results, performance, or achievements to be materially
different from the future results, performance, or achievements expressed or
implied by any forward-looking statements. Forward-looking statements, which
involve assumptions and describe our future plans, strategies, and expectations,
are generally identifiable by use of the words "may," "will," "should,"
"expect," "anticipate," "estimate," "believe," "plan," "intend" or "project" or
the negative of these words or other variations on these words or comparable
terminology. You should read statements that contain these words carefully
because they:



o discuss our future expectations;



o contain projections of our future results of operations or
of our financial condition; and



o state other "forward-looking" information.



We believe it is important to communicate our expectations.
However, there may be events in the future that we are not able to accurately
predict or over which we have no control. 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, including those set
forth under "Risk Factors," "Business" and elsewhere in this prospectus. See
"Risk Factors."





Item 1. BUSINESS

The Company was incorporated under the laws of the State of
Nevada on June 17,1997. On June 26, 2003, the Company acquired all the
outstanding stock of Covenant Corporation, which was incorporated in the State
of Nevada on May 10, 2002.

At the time, the Company was an integrated entertainment
company engaged in producing feature films and initially focusing on the
production of documentaries.

Through the Company's wholly owned subsidiary, Covenant
Corporation, it provided technical solutions and consulting services to the
entertainment industry in the areas of security, anti-piracy, promotions and
online distribution and sales. This Company is dormant

For financial statement purposes, the transaction was treated
as a reverse acquisition and a recapitalization with Covenant being treated as
the acquirer. The Company issued one share of its common stock or each of
Covenant's 12,590,500 outstanding shares. Immediately before acquisition the
Company had 617,744 shares outstanding and liabilities in excess of assets of
approximately $137,456. The transaction was accounted for as a purchase, with no
good will recognized, resulting in a deficiency of $137,456 which was reflected
as an adjustment to stockholders' equity on the acquisition date. All shares are
shown post reverse split.



On March 31, 2006, the Company changed its name to QuadTech
International, Inc. and its public trading symbol has changed to QTII. The
Company also completed a one-for-ten reverse split of its common stock



On May 8, 2006 the Company entered into an exclusive
worldwide sales and marketing agreement with iPackets International pursuant to
which QuadTech agreed to market and sell iPackets' mine-safety technologies.
However, on September 7, 2006 QuadTech announced that it had terminated the
agreement with iPackets International, thereby relinquishing the licensing
rights to iPackets' mine safety product. QuadTech's management determined that
the agreement with iPackets simply was not creating value for the company's
shareholders.

QuadTech, announced on the same day, September 7, 2006 that
it had acquired a 100 percent ownership stake in MRID Technologies ("MTech").
This acquisition included the rights to MTech's patent-pending Multiple Range
Identification ("MRID") asset tracking technology, which we consider to be the
next generation in Radio Frequency Identification ("RFID") technology. As part
of the agreement, MTech's management team is expected to join QuadTech to
continue to oversee manufacturing, research and development, and systems
installation and deployment, once the Company has raised sufficient finance to
proceed with this venture

First developed in the early 1970's, RFID technology uses
radio frequency waves to determine whether an object is or is not present.
Consequently, current RFID systems do not allow users to pinpoint the location
of tagged items.

MTech's MRID systems transmit multiple radio frequency codes,
which offer the added functionality of determining direction and proximity of
the tagged item or person in relation to the reader receiving its signal. As a
result, an MRID receiver is designed to determine the location of a tagged item,
making the new MRID systems invaluable in emergency situations or for
organizations with large numbers of mobile assets to protect.

Possible applications and target markets for MRID systems
include the law enforcement, military, fire rescue, livestock, motion picture,
sports, homeland security, and mining industries, as well as other first
response operations.



The Company is actively pursuing funding options in order to
pursue commercialization of the MRID technology. 
We have not developed or marketed any products, do not have any customers, and
have not generated any revenue from operations to date.



Competition

The Company's nearest competitor in the Multiple Range
Identification ("MRID") asset tracking technology marketplace is iPackets
International, Inc.

Employees and Consultants

The Company's sole employee is John Meier, its President and
Chief Executive Officer. The Company's Chief Financial Officer, Roland Vetter,
is a consultant to the Company.

Item 2. DESCRIPTION OF PROPERTY

At the current time, the Company has no investments or
interests in real estate, real estate mortgages, securities of or interests in
persons primarily engaged in real estate activities.

Risk Factors

Risk Factors Relating to Our Business:

We are a development stage company with a limited operating
history.

Investors must consider the risks, difficulties, delays and
expenses frequently encountered by development stage companies in our business,
which have little or no operating history, including whether we will be able to
overcome the following challenges:



*    Our ability to generate sufficient
    cash flow or raise the necessary capital to operate for the next twelve
    months or there after;

*    Advertising and marketing costs that
    may exceed our current estimates;

*    Unanticipated development expenses;

*    Our ability to generate sufficient
    revenue to offset the substantial cost of operating our business.

Because significant up-front expenses, including advertising,
sales, and other expenses are required to develop our business, we anticipate
that we may incur losses until revenues are sufficient to cover our operating
costs. Future losses are likely before our operations become profitable. As a
result of our lack of operating history, you will have no basis upon which to
accurately forecast on.

We require additional financing.

The report of our independent certified public accountant for
our October 31, 2007 fiscal year raises substantial doubt as to our ability to
continue as a going concern due to the fact that we are dependent upon financing
to continue operations, have suffered recurring losses from operations and have
total liabilities that exceed total assets. Given its limited operating history
and existing losses, there can be no assurance that we will be successful in
obtaining additional financing. Furthermore, the issuance by us of any
additional securities in connection with financing activities undertaken could
dilute the ownership of existing shareholders and may reduce the price of our
common stock.

Risk Factors Relating to Our Common Stock:

If we fail to remain current on our reporting requirements,
we could be removed from the OTC Bulletin Board which would limit the ability of
broker-dealers to sell our securities and the ability of stockholder to sell
their securities in the secondary market.



Companies trading on the OTC Bulletin Board, such as us, must
be reporting issuers under Section 12 of the Securities Exchange Act of 1934, as
amended, and must be current in their reports under Section 13, in order to
maintain price quotation privileges on the OTC Bulletin Board. If we fail to
remain current on our reporting requirements, we could be removed from the OTC
Bulletin Board. As a result, the market liquidity for our securities could be
severely adversely affected by limiting the ability of broker-dealers to sell
our securities and the ability of stockholders to sell their securities in the
secondary market.

The Public Market for Our Common Stock is Volatile and Limited.

Our common stock is currently quoted on the Over the Counter
Bulletin Board under the ticker symbol QTII. As of February 4, 2007, there were
approximately 28,929,565

Because we are subject to the "penny stock" rules, you may have difficulty in
selling our common stock.

As long as our stock price is less than $5.00 per share, our
stock is subject to the SEC's penny stock rules, which impose additional sales
practice requirements and restrictions on broker-dealers that sell our stock to
persons other than established customers and institutional accredited investors.
The application of these rules may affect the ability of broker-dealers to sell
our common stock and may affect your ability to sell any common stock you may
own.

According to the SEC, the market for penny stocks has
suffered in recent years from patterns of fraud and abuse. Such patterns
include:

*    Control of
    the market for the security by one or a few broker-dealers that are often
    related to the promoter or issuer;

*    Manipulation
    of prices through prearranged matching of purchases and sales and false and
    misleading press releases;

*    "Boiler
    room" practices involving high pressure sales tactics and unrealistic price
    projections by inexperienced sales persons;

*    Excessive
    and undisclosed bid-ask differentials and markups by selling broker-dealers;
    and

*    The
    wholesale dumping of the same securities by promoters and broker-dealers
    after prices have been manipulated to a desired level, along with the
    inevitable collapse of those prices with consequent investor losses.

Item 3. LEGAL PROCEEDINGS

None

Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None

---





PART II



Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS

Our common stock is quoted on the Over the Counter Bulletin
Board under the symbol QTII. The table below sets forth, for the periods
indicated, the high and low closing prices of our common stock as reported on
the OTCBB.  These quotations reflect prices between dealers, do not include
retail mark-ups, markdowns, and commissions and may not necessarily represent
actual transactions. We effectuated a 1 for 10 reverse stock split on March 31,
2006.



|Quarter ended |       
|------------- | ------
|              | HIGH  
|10/31/2004    | $2.30 
|1/31/2005     | $10.70
|7/31/2005     | $1.00 
|10/31/2005    | $0.60 
|1/31/2006     | $1.00 
|4/30/2006     | $1.05 
|7/31/2006     | $1.35 
|10/31/2006    | $0.36 
|1/31/2007     | $0.10 
|4/30/2007     | $0.06 
|7/31/2007     | $0.01 
|10/31/2007    | $0.01 

Holders

There are approximately 160 holders of our common stock.

Dividends

There have never been any dividends, cash or otherwise, paid
on the common shares of the Company.

Recent Sales of Unregistered Securities

None.





Item 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF OPERATIONS

We are a development stage company. We had minimal revenues
and an accumulated loss of approximately $ 4,236,521 from inception on May 10,
2002 through to October 21, 2007. Our losses result primarily from the issuance
of common stock to various individuals and companies for assisting us with the
development of our products, marketing and general business strategy.

At October 31, 2007 we have $6 cash on hand, as compared to
cash on hand of $30 as of October 31, 2006. The Company has borrowed $382,137
from shareholders to help fund our development stage operations. The Company
requires $50,000 to continue its operations at current levels for a further
twelve months. We currently do not have an identified source of finance. If we
do not raise or generate additional funds, the implementation of both our short
and long term business plan will be delayed indefinitely..

As of October 31, 2007, we had assets of approximately $396
(2005: $450) and liabilities of approximately $ 557,513, as compared liabilities
of $ 238,942 as of October 31, 2006. Our liabilities as of October 31, 2007
include an interest bearing note with an outstanding balance of $50,355. The
remaining liabilities consist of non interest bearing debt that is payable on
demand. Management anticipates settling substantially all current outstanding
debt with existing creditors by issuing shares for cancellation of the debt.

Results of Operations

Year Ended October 31, 2007 Compared To Year Ended October
31, 2006

The Company is a development stage company The results in the
statement of operations reflect only the development expenses from the date of
inception to October 31, 2007.

We have not developed or marketed any products, does not have
any customers, and has not generated any revenue from operations to date.

Expenses

From the date of the inception (refer to Note 1 of the annual
financial statements included herein) to October 31, 2007, the Company has
incurred a net loss of $4,236,521 including $9,031 in interest expenses in
connection with the outstanding interest bearing note. This is summarized as
follows:



|REVENUES                         |                   |  | $ 80,756     
|-------------------------------- | ----------------- |  | -------------
|                                 |                   |  |              
|EXPENSES                         |                   |  |              
|Professional and consulting      | $ 4,132782       
|Administrative                   | $
    146,601    
|Depreciation                     |                   |  | $ 19,253     
|                                 |                   |  |              
|NET
    (LOSS) FROM OPERATIONS   | $
    (4,217,881)
|OTHER                            |                   |  |              
|Interest                         |                   |  |              
|(Loss) on Investment- Unrealized |                   |  | $
    (9,610)
|                                 |                   |  |              
|NET LOSS                         |                   |  | $ (4,236,521)

General and Administrative Expenses

For the year ended October 31, 2007

|Accounting & Auditing | $      3,840
|--------------------- | ------------
|Bank Charges/Forex    | $      1,111
|Office Rental         | $     10,605
|                      | $     15,556



Other Income and Expenses

None

Subsequent Events

None

Liquidity and Capital Resources

We have historically had more expenses than income in each year of
operations. The accumulated deficit from inception to October 31, 2007 is
$4,236,521 (October 31, 2006 is $3,917,897) The Company has been able to
maintain a positive cash position solely through financing activities and
borrowing.

Critical Accounting Policies and Estimates



Our discussion and analysis of the Company's financial
condition and results of operations is based on the Company's financial
statements, which have been prepared in accordance with U.S. generally accepted
accounting principles. The preparation of these financial statements requires us
to make estimates and judgments that affect the reported amount 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 for
each period. Critical accounting policies are defined as policies that
management believes are the most important to the portrayal of the Company's
financial condition and results of operations. These policies may require us to
make difficult, subjective, or complex judgments, commonly about the effects of
matters that are inherently uncertain.



Recently Issued Accounting Pronouncements

The Company does not expect that the adoption of other recent
accounting pronouncements will have a material impact on its financial
statements.



Significant Accounting Policies

Revenue Recognition

Revenue is recognized on the sale and delivery of a product or the completion
of a service provided.

Advertising and Market Development

The Company expenses advertising and market development costs as incurred.

Financial Instruments

The carrying amounts of financial instruments are considered by management to
be their estimated fair values due to their short term maturities.

Estimates and Assumptions

Management uses estimates and assumptions in preparing financial statements
in accordance with generally accepted accounting principles. Those estimates and
assumptions affect the reported amounts of the assets and liabilities, the
disclosure of contingent assets and liabilities, and the reported revenues and
expenses. Actual results could vary from the estimates that were assumed in
preparing these financial statements.

Comprehensive Income

The Company adopted Statement of Financial Accounting Standards No. 130 which
resulted in the showing of a temporary loss on available-for-sale securities
under the Stockholders' Deficiency. During the year ended October 30, 2005 there
was a decrease in the value of the available -for-sale securities held by the
Company, which was considered to be other than temporary and therefore the
amount of the decrease was expensed.

Stock-Based Compensation

SFAS No. 12R3, "Accounting for Stock-Based Compensation," establishes
accounting and reporting standards for stock-based employee compensation plans.
As permitted by SFAS No. 123R, the Company accounts for such arrangements under
APB Opinion No. 25, "Accounting for Stock Issued to Employees" and relate
interpretations.

General

The preparation of financial statements in conformity with
U.S. generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and the disclosure of contingent assets and liabilities at the dates
of the financial statements and reported amounts of revenues and expenses during
the reporting periods. The most significant estimates and assumptions relate to
the valuation of inventory and the liability for the stock bonus plan. Actual
amounts could differ from these estimates.

Revenue Recognition

The Company has no revenue at present.

Foreign Currency Translation

Monetary assets and liabilities are translated at year-end
exchange rates, and other assets and liabilities have been translated at the
rates prevailing at the date of the transaction. Revenue and expense items,
except for amortization, are translated at the average rate of exchange for the
year. Amortization is converted using rates prevailing at dates of acquisition.
Gains and losses from foreign currency translation are included in the statement
of operations.

All figures presented are in US dollars.

Item 7. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

> Report of Independent Registered Public Accounting Firm                                
>     F-1
>     Consolidated Balance Sheet                                                                              
>     F-2
>     Consolidated Statement of Operations                                                               
>     F-3
>     Consolidated Statement of Cash Flows                                                               
>     F-4
>     Statement of Changes in Stockholders' Equity                                                    
>     F-5
>     Notes to Consolidated Financial Statements                                                       
>     F-6



---

MADSEN & ASSOCIATES,
CPA's Inc.

Certified Public
Accountants and Business Consultants                                                                                                                                                         
Murray, Utah 84107

Telephone 801 268-2632

Fax 801-262-3978









Board of Directors

Quadtech International,
Inc. and Subsidiary

Vancouver, B.C. , Canada



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



We have audited the accompanying consolidated balance sheets of
Quadtech International, Inc. and Subsidiary a development stage company at
October 31, 2007 and the related statements of operations, stockholders' deficit
, and cash flows for the years ended October 31, 2007 and 2006 and the period
May 10, 2002 (date of inception of subsidiary) to October 31, 2007 . These
financial statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audit.



We conducted our audit in accordance with the standards of the
Public Company Accounting Oversight Board (United States). Those standards
require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management as well
as evaluating the overall balance sheet presentation. We believe that our audit
provides a reasonable basis for our opinion.



In our opinion, the financial statements referred to above
present fairly, in all material respects, the financial position of Quadtech
International, Inc. and Subsidiary at October 31, 2007 and the related
statements of operations, and cash flows for the years ended October 31, 2007
and 2006 and the period May 10, 2002 to October 31, 2007, in conformity with
accounting principles generally accepted in the United States of America.



The accompanying financial statements have been prepared
assuming that the Company will continue as a going concern. The Company will
need additional working capital for its planned activity and to service its
debt, which raises substantial doubt about its ability to continue as a going
concern. Management's plans in regard to these matters are described in the
notes to the financial statements. These financial statements do not include any
adjustments that might result from the outcome of this uncertainty.



Murray, Utah

February 12, 2008 s/Madsen & Associates, CPA's Inc.



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|QUADTECH INTERNATIONAL INC. AND
    SUBSIDIARY                                |                               |                                |                               
|----------------------------------------------------------------------------- | ----------------------------- | ------------------------------ | ------------------------------
|                                                                              |                               |                                |                               
|( DEVELOPMENT STAGE COMPANY)                                                  |                               |                                |                               
|UNAUDITED                                                                     |                               |                                |                               
|                                                                              |                               |                                |                               
|CONSOLIDATED BALANCE SHEET                                                    |                               |                                |                               
|as at:                                                                        |                               |                                |                               
|                                                                              |                               |                                |                               
|ASSETS                                                                        |                               |                                |                               
|CURRENT ASSETS                                                                |                               |                                |                               
|                                                                              |                               |                                |                               
|Cash                                                                          |                               |                                | $                       
    6
|                                                                              |                               |                                |                               
|Total Current Assets                                                          |                               | $                       
    6 |                               
|                                                                              |                               |                                |                               
|EQUIPMENT                                                                     |                               |                                |                               
|- net of accumulated depreciation                                             |                               |                                |                               
|OTHER ASSETS                                                                  |                               |                                |                               
|Available-for-sale securities                                                 |                               | $                    
    390  |                               
|                                                                              |                               |                                |                               
|                                                                              |                               |                                |                               
|                                                                              |                               |                                |                               
|LIABILITIES AND STOCKHOLDERS'
    DEFICIENCY                                  |                               |                                |                               
|CURRENT LIABILITIES                                                           |                               |                                |                               
|                                                                              |                               |                                |                               
|Note payable                                                                  |                               | $                
    32,431   |                               
|Accrued interest payable                                                      |                               | $                
    17,924   |                               
|Accounts payable                                                              |                               | $                
    83,587   |                               
|Accrued rent payable                                                          |                               | $                
    41,435   |                               
|Accounts payable - related
    parties                                        | $              
    382,137   |                                | $                
    68,822  
|Total Current Liabilities                                                     |                               | $              
    557,513    |                               
|                                                                              |                               |                                |                               
|STOCKHOLDERS' DEFICIENCY                                                      |                               |                                |                               
|Common stock                                                                  |                               |                                |                               
|200,000,000 shares authorized, at
    $0.001 par value;                       |                               |                                |                               
|28,929,565                                                                    | shares issued and outstanding |                                | $                
    28,929  
|Capital in excess of par value                                                |                               | $           
    3,650,474     |                               
|Deficit accumulated during
    development stage                              | $         
    (4,236,521)    |                                | $          
    (3,917,896)   
|Total Stockholders' Deficiency                                                |                               | $            
    (557,117)    |                               
|                                                                              |                               |                                |                               
|                                                                              |                               |                                |                               
|                                                                              |                               |                                |                               
|The accompanying notes are an
    integral part of these financial statements |                               |                               

---

|QUADTECH INTERNATIONAL INC. AND SUBSIDIARY                                    |                  |              
|----------------------------------------------------------------------------- | ---------------- | -------------
|(DEVELOPMENT STAGE COMPANY)                                                   |                  |              
|                                                                              |                  |              
|CONSOLIDATED STATEMENTS OF OPERATIONS                                         |                  |              
|FOR THE TWELVE MONTHS OCTOBER 31, 2007 AND 2006 YEAR ENDS                    
|MAY 10, 2002 (DATE OF INCEPTION OF SUBSIDIARY) TO OCTOBER 31, 2007           
|UNAUDITED                                                                     |                  |              
|                                                                              |                  | Twelve Months
|                                                                              |                  |              
|                                                                              |                  |              
|                                                                              |                  |              
|REVENUES                                                                      |                  |              
|                                                                              |                  |              
|EXPENSES                                                                      |                  |              
|Professional and consulting                                                   | $   300,000      |              
|Administrative
    /(Written Back)                                            | $    
    15,556 |              
|Depreciation                                                                  |                  |              
|                                                                              |                  |              
|NET (LOSS) FROM
    OPERATIONS                                                | $ (315,556)      |              
|OTHER                                                                         |                  |              
|Interest                                                                      |                  |              
|(Loss) on
    Investment- Unrealized                                          |                  |              
|                                                                              |                  |              
|NET LOSS                                                                      |                  |              
|                                                                              |                  |              
|NET LOSS PER COMMON SHARE                                                     |                  |              
|                                                                              |                  |              
|Basic and diluted                                                             |                  |              
|                                                                              |                  |              
|AVERAGE OUTSTANDING SHARES (STATED IN THOUSANDS)                              |                  |              
|Basic                                                                         |                  |              
|                                                                              |                  |              
|                                                                              |                  |              
|The
    accompanying notes are an integral part of these financial statements



---

|QUADTECH INTERNATIONAL INC. AND SUBSIDIARY                                     |           |                             |                                  
|------------------------------------------------------------------------------ | --------- | --------------------------- | ---------------------------------
|                                                                               |           |                             |                                  
|(DEVELOPMENT STAGE COMPANY)                                                    |           |                             |                                  
|                                                                               |           |                             |                                  
|CONSOLIDATED STATEMENTS OF CASH FLOWS                                          |           |                             |                                  
|FOR THE TWELVE MONTHS OCTOBER 31, 2007 AND
    2006 YEAR ENDS                  |          
|MAY 10, 2002 (DATE OF INCEPTION OF
    SUBSIDIARY) TO OCTOBER 31, 2007         |          
|UNAUDITED                                                                      |           |                             |                                  
|                                                                               |           |                             |                                  
|                                                                               |           |                             |                                  
|                                                                               |           |                             |                                  
|CASH FLOWS FROM                                                                |           |                             |                                  
|OPERATING ACTIVITIES                                                           |           |                             |                                  
|Net loss                                                                       |           |                             |                                  
|Adjustments to reconcile net                                                   |           |                             |                                  
|loss to net cash provided by                                                   |           |                             |                                  
|operating activities                                                           |           |                             |                                  
|Depreciation                                                                   |           |                             |                                  
|Unrealized (Profit)/Loss in
    Investment                                     |           |                             | $                         
    30
|Stock issued for services
    and                                              |           |                             |                                  
|capital expenses                                                               |           |                             |                                  
|Changes in accounts
    receivables                                            |           |                             | $                      
    -    
|Changes in accounts payable                                                    |           |                             |                                  
|Net Cash Provided (Used) in                                                    |           |                             |                                  
|Operations                                                                     |           |                             |                                  
|                                                                               |           |                             |                                  
|CASH FLOWS FROM INVESTING                                                      |           |                             |                                  
|ACTIVITIES                                                                     |           |                             |                                  
|Purchase office equipment                                                      |           |                             |                                  
|Purchase available-for-sale                                                    |           |                             |                                  
|securities                                                                     |           |                             |                                  
|                                                                               |           |                             |                                  
|                                                                               |           |                             |                                  
|CASH FLOWS FROM FINANCING                                                      |           |                             |                                  
|ACTIVITIES                                                                     |           |                             |                                  
|Proceeds from issuance of
    common                                           |           |                             |                                  
|Common stock and stock                                                         |           |                             |                                  
|Subscriptions received                                                         |           |                             |                                  
|Advances from related
    parties                                              |           |                             |                                  
|Net Increase (Decrease) in
    Cash                                            |           |                             |                                  
|Cash at Beginning of Period                                                    |           |                             |                                  
|Cash at End of Period                                                          |           |                             |                                  
|                                                                               |           |                             |                                  
|NON CASH FLOWS FROM OPERATIONS                                                 |           |                             |                                  
|                                                                               |           |                             |                                  
|Issuance of 580,000 shares common capital stock
    for                        |           |                             |                                  
|Services - founders stock -
    2002                                           |           |                             | $               
    1,000       
|Contributions to capital -
    expenses - 2002                                 |           |                             | $               
    4,800       
|Issuance of 61,774 shares
    common capital stock -                           |           |                             |                                  
|Acquisition of Covenant -
    2003                                             |           |                             | $          
    (137,456)        
|Issuance of 657,500 shares
    common capital stock for                        |           |                             |                                  
|Services and expenses                                                          |           |                             | $            
    720,050        
|Issuance of 46,000 shares
    common capital stock                             |           |                             |                                  
|For services - 2004                                                            |           |                             |                                  
|Issuance of 45,000 shares
    common capital stock                             |           |                             |                                  
|For services - 2005                                                            |           |                             |                                  
|Issuance of                                                                    | 7,730,303 | shares common capital stock |                                  
|For services - 2006                                                            |           |                             |                                  
|                                                                               |           |                             |                                  
|                                                                               |           |                             |                                  
|The accompanying notes are an integral part of
    these financial statements. |          

---



|QUADTECH INTERNATIONAL INC. AND SUBSIDIARY                                    |  |            |               |            |              
|----------------------------------------------------------------------------- |  | ---------- | ------------- | ---------- | -------------
|                                                                              |  |            |               |            |              
|(DEVELOPMENT STAGE COMPANY)                                                   |  |            |               |            |              
|                                                                              |  |            |               |            |              
|STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY                                  |  |            |               |            |              
|PERIOD MAY 10, 2002 (DATE OF INCEPTION OF SUBSIDIARY) TO October 30, 2007     |  |           
|UNAUDITED                                                                     |  |            |               |            |              
|                                                                              |  |            |               | CAPITAL IN |              
|                                                                              |  |            | COMMON STOCK  |            | EXCESS OF    
|                                                                              |  |            | SHARES AMOUNT |            | PAR VALUE    
|BALANCE MAY 10, 2002                                                          |  | -          | $
    -       |            | $
    -      
|Issuance of common stock                                                      |  |            |               |            |              
|to founders for services                                                      |  |            | 580,000       | $
    580  |              
|                                                                              |  |            |               |            |              
|Services and office expenses                                                  |  |            |               |            |              
|contributed by shareholder                                                    |  | -          | $
    -       |            | $
    4,800  
|                                                                              |  |            |               |            |              
|Net operating loss May 10,                                                    |  |            |               |            |              
|2002 to October 31, 2002                                                      |  | -          | $
    -       |            | $
    -      
|                                                                              |  |            |               |            |              
|Issuance of common stock                                                      |  |            |               |            |              
|for services and office                                                       |  |            |               |            |              
|expenses                                                                      |  |            |               |            |              
|- January 2003                                                                |  |            | 632,550       | 633        |              
|- June 2003                                                                   |  |            | 25,000        | 25         |              
|                                                                              |  |            |               |            |              
|Issuance of common stock                                                      |  |            |               |            |              
|for cash                                                                      |  |            |               |            |              
|at - 2003                                                                     |  |            | 15,000        | 15         |              
|at- 2003                                                                      |  |            | 6,500         | 6          |              
|                                                                              |  |            |               |            |              
|Issuance of common stock                                                      |  |            |               |            |              
|for acquisition of                                                            |  |            |               |            |              
|Covenant Corporation                                                          |  |            |               |            |              
|- June 25, 2003                                                               |  |            | 61,774        | $
    62   |              
|                                                                              |  |            |               |            |              
|Net operating loss for                                                        |  |            |               |            |              
|the year ended October 31,
    2003                                           |  | -          | $
    -       |            | $
    -      
|                                                                              |  |            |               |            |              
|Issuance of common stock                                                      |  |            |               |            |              
|for cash                                                                      |  |            |               |            |              
|- April 2004                                                                  |  |            | 2,400         | 2          |              
|                                                                              |  |            |               |            |              
|Issuance of common stock                                                      |  |            |               |            |              
|for services                                                                  |  |            |               |            |              
|at - April 2004                                                               |  |            | 46,000        | $
    46   |              
|                                                                              |  |            |               |            |              
|Net operating loss for                                                        |  |            |               |            |              
|the year ended October 31,
    2004                                           |  | -          | $ -           |            | $ -          
|BALANCE OCTOBER 31, 2004                                                      |  | 1,369,224  | 1,369         |            | 899,025      
|Issuance of common stock
    for subscriptions                                |  |            |               |            |              
|received in 2004 year                                                         |  |            | 4,000         | $
    4    |              
|Shares cancelled re Covent
    Corp                                           |  | (50,000)   | $
    (50)    |            | $
    50     
|Issuance of common stock                                                      |  |            |               |            |              
|for services                                                                  |  |            |               |            |              
|at - January 2005                                                             |  |            | 45,000        | $
    45   |              
|                                                                              |  |            |               |            |              
|Net operating loss for                                                        |  |            |               |            |              
|the year ended October 31,
    2005                                           |  |            |               |            |              
|BALANCE OCTOBER 31, 2005                                                      |  | 1,368,224  | 1,368         |            | 1,142,526    
|                                                                              |  |            |               |            |              
|Adjustment for Reverse Slipt of common stock-                                 |  |            |               |            |              
|1
    share for 10 - March 30, 2006                                           |  | 38         |               |            |              
|                                                                              |  |            |               |            |              
|Issuance of common stock                                                      |  |            |               |            |              
|for debt                                                                      |  |            |               | 19,831,000 | 19,831       
|                                                                              |  |            |               |            |              
|Issuance of common stock                                                      |  |            |               |            |              
|for services                                                                  |  |            |               |            |              
|at $.01 - 7 April, 2006                                                       |  |            | 2,000,000     | 2,000      |              
|at $1.26 - 5 May, 2006                                                        |  |            | 100,000       | 100        |              
|at $.60 - 12 June, 2006                                                       |  |            | 3,030,303     | 3,030      |              
|at $.24 - 22 June, 2006                                                       |  |            | 100,000       | 100        |              
|at $.35 - 10 August, 2006                                                     |  | 400,000    | 400           |            | $
    139,600
|at $.10 - 26 August, 2006                                                     |  | 2,000,000  | 2,000         |            | $
    198,000
|at $.14 - 7 September, 2006                                                   |  | 50,000     | 50            |            | $
    6,950  
|at $10 - 10 September, 2006                                                   |  | 50,000     | 50            |            | $
    4,950  
|                                                                              |  |            |               |            |              
|Net operating loss for the
    year                                           |  |            |               |            |              
|BALANCE OCTOBER 31, 2006                                                      |  | 28,929,565 | 28,929        | #          | 3,650,475    
|Net operating loss for the
    year                                           |  |            |               |            |              
|ended October 31, 2007                                                        |  |            |               |            |              
|                                                                              |  |            |               | 28,929,565 | 28,929       
|                                                                              |  |            |               |            |              
|The
    accompanying notes are an integral part of these financial statements |  |            |               |           

---

QUADTECH
INTERNATIONAL, INC. AND SUBSIDIARIES

(formerly MEIER
WORLDWIDE INTERMEDIA, INC.)

(Development Stage
Company)

NOTES TO FINANCIAL
STATEMENTS

October 31, 2007

1. ORGANIZATION

The Company was incorporated under the laws of the State of Nevada on June
17, 1997 with authorized capital stock of 200,000,000 shares at a par value of
$0.001.

On June 26, 2003 the Company acquired all the outstanding stock of Covenant
Corporation (Covenant). Covenant was incorporated in the State of Nevada on May
10, 2002 for the purpose of developing tools to counteract the online piracy of
video, music and software files. Covenant was inactive during the year.

For financial statement purposes, the transaction was treated as a reverse
acquisition and a recapitalization with Covenant being treated as the acquirer.
The Company issued one share of its common stock or each of Covenant's
12,590,500 outstanding shares. Immediately before acquisition the Company had
617,744 shares outstanding and liabilities in excess of assets of approximately
$137,456. The transaction was accounted for as a purchase, with no good will
recognized, resulting in a deficiency of $137,456 which was reflected as an
adjustment to stockholders' equity on the acquisition date.

On March 31, 2006 the Company changed the name of the company to QuadTech
International, Inc. and its public trading symbol has changed to QTII. The
Company also completed a one-for-ten reverse split of the Company's common
stock. All shares from inception of the Company are shown post reverse split.

This name change and new trading symbol are to better reflect the company's
new direction as a global developer and provider of mine-safety solutions.

QuadTech, announced on September 7, 2006 that it had acquired
a 100 percent ownership stake in MRID Technologies ("MTech"). This acquisition
included the rights to MTech's patent-pending Multiple Range Identification ("MRID")
asset tracking technology, which we consider to be the next generation in Radio
Frequency Identification ("RFID") technology. As part of the agreement, MTech's
management team is expected to join QuadTech to continue to oversee
manufacturing, research and development, and systems installation and
deployment, once the Company has raised sufficient finance to proceed with this
venture

First developed in the early 1970's, RFID technology uses
radio frequency waves to determine whether an object is or is not present.
Consequently, current RFID systems do not allow users to pinpoint the location
of tagged items.

However, MTech's MRID systems transmit multiple radio
frequency codes, which offer the added functionality of determining direction
and proximity of the tagged item or person in relation to the reader receiving
its signal. As a result, an MRID receiver is designed to determine the location
of a tagged item, making the new MRID systems invaluable in emergency situations
or for organizations with large numbers of mobile assets to protect.

Possible applications and target markets for MRID systems
include the law enforcement, military, fire rescue, livestock, motion picture,
sports, homeland security, and mining industries, as well as other first
response operations.



The Company is actively pursuing funding options in order to
pursue commercialization of the MRID technology.

We have not developed or marketed any products, do not have
any customers, and have not generated any revenue from operations to date.

---

QUADTECH
INTERNATIONAL, INC. AND SUBSIDIARIES

(formerly MEIER
WORLDWIDE INTERMEDIA, INC.)

(Development Stage
Company)

NOTES TO FINANCIAL
STATEMENTS (Continued)

October 31, 2007

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Methods

The Company recognizes income and expenses based on the accrual method of
accounting.

Dividend Policy

The Company has not yet adopted any policy regarding payment of dividends.

Basic and Diluted Net Income (Loss) Per Share

Basic net income (loss) per share amounts are computed based on the weighted
average number of shares actually outstanding, after the stock split. Diluted
net income (loss) per share amounts are computed using the weighted average
number of common shares and common equivalent shares outstanding as if shares
had been issued on the exercise of any common or preferred share rights unless
the exercise becomes anti-dilutive and then only the basic per share amounts are
shown in the report.

Principles of Consolidation

The accompanying consolidated financial statements include the account of
Covenant from its inception, and the Company for the period from June 26, 2003,
the date of the reverse acquisition. All significant inter-company accounts and
balances have been eliminated in consolidation.



Evaluation of Long-Lived Assets

The Company periodically reviews its long lived assets and makes adjustments,
if he carrying value exceeds the fair value.

Foreign Currency Translation

Part of the transactions of the Company were completed in Canadian dollars
and have been translated to US dollars as incurred, at the exchange rate in
effect at the time, and therefore, no gain or loss from the translations is
recognized. The functional currency is considered to be US dollars.



Revenue Recognition

Revenue is recognized on the sale and delivery of a product or the completion
of a service provided.

Advertising and Market Development

The Company expenses advertising and market development costs as incurred.

---



QUADTECH
INTERNATIONAL, INC. AND SUBSIDIARIES

(formerly MEIER
WORLDWIDE INTERMEDIA, INC.)

(Development Stage
Company)

NOTES TO FINANCIAL
STATEMENTS (Continued)

October 31, 2007

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Financial Instruments

The carrying amounts of financial instruments are considered by management to
be their estimated fair values due to their short term maturities.

Income Taxes

The Company utilizes the liability method of accounting for income taxes.
Under the liability method deferred tax assets and liabilities are determined
based on the differences between financial reporting and the tax bases of the
assets and liabilities and are measured using the enacted tax rates and laws
that will be in effect, when the differences are expected to reverse. An
allowance against deferred tax assets is recognized, when it is more likely than
not, that such tax benefits will not be realized.

On October 31, 2007 the Company had a net operating loss carryover of
approximately $5,176,911 for income tax purposes, which includes approximately
$950,000 of loss carry forwards prior to the reverse acquisition described
above. The tax benefit of approximately$1,250,000 from the loss carry forward
has been fully offset by a valuation reverse because the future tax benefit is
undeterminable since the Company is unable to establish a predictable projection
of operating profits for future years.

The net operating loss carry forwards expire in various years through October
31, 2013 for Canadian reporting and October 31, 2027 for United States
reporting.



Estimates and Assumptions

Management uses estimates and assumptions in preparing financial statements
in accordance with generally accepted accounting principles. Those estimates and
assumptions affect the reported amounts of the assets and liabilities, the
disclosure of contingent assets and liabilities, and the reported revenues and
expenses. Actual results could vary from the estimates that were assumed in
preparing these financial statements.

Comprehensive Income

The Company adopted Statement of Financial Accounting Standards No. 130 which
resulted in the showing of a temporary loss on available-for-sale securities
under the Stockholders' Deficiency. During the year ended October 30, 2007 there
was a decrease in the value of the available -for-sale securities held by the
Company, which was considered to be other than temporary and therefore the
amount of the decrease was expensed.

---



QUADTECH
INTERNATIONAL, INC. AND SUBSIDIARIES

(formerly MEIER
WORLDWIDE INTERMEDIA, INC.)

(Development Stage
Company)

NOTES TO FINANCIAL
STATEMENTS (Continued)

October 31, 2007

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Stock-Based Compensation

The Company applied SFAS No. 123, "Accounting for Stock-Based Compensation,"
establishes accounting and reporting standards for stock-based employee
compensation plans. As permitted by SFAS No. 123, the Company accounts for such
arrangements under the intrinsic value method as provided in APB Opinion No. 25,
"Accounting for Stock Issued to Employees" and related interpretations. However,
as these options have lapsed it is not affected by SFAS No.123R

Recent Accounting Pronouncements

The Company does not expect that the adoption of other recent accounting
pronouncements will have a material impact on its financial statements.



3. NOTE PAYABLE

On August 15, 1997 the Company received a loan from a non-related party in
the amount of $32,431. A legal action was started for collection of the amount
due by the Company and a consent judgment was given by the Company agreeing to
monthly payments of $672.26 including interest at 1% above the HSBC Canada Bank
prime rate with payments starting October 1, 1999. No payments have been made
and the note is in default, however, there has been no further legal action
started by the note holder. The note of $32,431 and its accrued interest of
$17,924 ($13,846 as at October 31, 2006) is shown in the balance sheet.

4. RELATED PARTY TRANSACTIONS

Related parties, being directors & officers, held a of total of 3,545,350
shares (12.25%)

Officers and directors periodically advance funds to the Company. These
advances, which totaled $382,137 at October 31, 2007 (October 31, 2006 of
$68,822) are unsecured, non-interest bearing and due on demand.

No Shares /(October 31, 2006: 3,100,000) shares were issued to directors and
officers for consulting fees during the year ended October 31, 2007.

5. CAPITAL STOCK

On March 31, 2006 the Company completed a one-for-ten reverse split of the
Company's common stock

On March 31, 2006 the Company completed a one-for-ten reverse split of the
Company's common stock. All shares are shown as if this split had been place
from inception.

On the 30th March, 2006 loans totaling $195,329 was converted into
19,831,000 common shares.



---





QUADTECH
INTERNATIONAL, INC. AND SUBSIDIARIES

(formerly MEIER
WORLDWIDE INTERMEDIA, INC.)

(Development Stage
Company)

NOTES TO FINANCIAL
STATEMENTS (Continued)

October 31, 2007



5. CAPITAL STOCK (Continued)



On April 7, 2006 2,000,000 shares were issued as consulting fees at $0.01 per
common share.

On May 5, 2006 100,000 shares were issued as consulting fees at $1.26 per
common share.

On June 12, 2006 3,030,303 shares were issued as consulting and legal fees at
$0.60. per common share

On June 22, 2006 100,000 shares were issued as consulting fees at $0.24 per
common share.

On August 10, 2006 400,000 shares were issued as consulting fees at $0.35 per
common share.

On August 26, 2006 2,000,000 shares were issued as consulting fees at $0.10
per common share.

On September 7, 2006 50,000 shares were issued as consulting fees at $0.14
per common share.

On September 10, 2006 50,000 shares were issued as consulting fees at $0.10
per common share.

The Company does not employ any staff at present and relies on the services
of consultants to provide legal, investor relations, financial and general
management services to allow the Company to function until it is fully financed
and able to employ full-time employees.

6. STOCK BASED COMPENSATION

On July 15, 2003 we issued options to acquire 1,700,000 shares to Mr James
Meier. On July 17, 2003 we issued options to acquire 1,000,000 shares to Mr John
Meier. The options are exercisable at a price of $0.10 per share, payable in
cash, commencing 90 days from the issuance and ending three years from the date
of issuance. These options expired on October 13 and October 15, 2006
respectively.

7. CONTINUING AND CONTINGENT LIABILITIES

The Company may be liable as a guarantor on a legal action against a former
subsidiary in an amount of $41,435 and is shown as part of the accounts
payables, which represents management's estimate of the potential liability.
Management believes the potential litigation would not result in any material
loss.

8. GOING CONCERN

On the balance sheet date the Company did not have the working capital
necessary to service its debt and for its planned activity, which raises
substantial doubt about its ability to continue as a going concern.

Continuation of the Company in its planned activity is dependent upon
obtaining additional working capital and the management of the Company has
developed a strategy, which it believes will accomplish this objective through
receiving additional loans from related parties, additional equity funding, and
the settlement of debt due to the running of the statute of limitations, which
will enable the Company to operate during the coming year.



---







Item 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE

None.

Item 8A. CONTROLS AND PROCEDURES



(b)   Changes in internal controls.  
There was no change in our internal controls or in other factors that could
affect these controls during our last fiscal quarter that has materially
affected, or is reasonably likely to materially affect, our internal control
over financial reporting.

(c) Limitations on Effectiveness of Disclosure Controls and
Procedures.Disclosure controls and procedures cannot provide
absolute assurance of achieving financial reporting objectives because of their
inherent limitations. Disclosure controls and procedures is a process that
involves human diligence and compliance and is subject to lapses in judgment and
breakdowns resulting from human failures. Disclosure controls and procedures
also can be circumvented by collusion or improper management override. Because
of such limitations, there is a risk that material misstatements may not be
prevented or detected on a timely basis by disclosure controls and procedures.
However, these inherent limitations are known features of the financial
reporting process. Therefore, it is possible to design into the process
safeguards to reduce, though not eliminate, this risk.



---



PART III

Item 9. DIRECTORS AND EXECUTIVE OFFICERS

The board of directors elects our executive officers
annually. A majority vote of the directors who are in office is required to fill
vacancies. Each director shall be elected for the term of one year, and until
his successor is elected and qualified, or until his earlier resignation or
removal. Directors serve for a one-year term. Our bylaws currently provide for a
board of directors comprised of a minimum of one director.



The following table sets forth certain information about the Executive
Officers and Directors of the Company, as well as certain members of its senior
management:





|Name                                      | Position                                      | Date Elected         
|----------------------------------------- | --------------------------------------------- | ---------------------
|Directors:                                |                                               |                      
|John Meier                                | President, Chairman of the Board and Director | Joined March 31, 2006
|Harry Evans                               | Director                                      | Joined May 10, 2002  
|Executive Officers/
    Senior Management |                                               |                      
|J Roland Vetter                           | Chief Financial Officer                       | Joined March 1, 2006 







John Meier, President & Chief Executive Officer : Meier
has been an internationally renowned businessman and financial consultant for
over 40 years. In addition to serving as an aid to U.S. industrialist Howard R.
Hughes, he served on President Richard Nixon's Task Force on Resources and
Environment. A candidate for the U.S. Senate, Mr. Meier has advised several U.S
Senators, including Hubert Humphrey and Robert F. Kennedy and has provided
consultation to Heads of State. Mr. Meier has held managerial and executive with
the New York Life Insurance Company, Remington Rand Univac, Hughes Aircraft Co.,
Hughes Tool Co., and has served as the Chairman of Satellite Geophysics Ltd. and
as President of the Nevada Environmental Foundation. In 1966 Mr. Meier earned
the Aerospace Man of the Year Award for the application of computer systems in
understanding industrial and institutional problems. As a financier and merchant
banker, Mr. Meier has been responsible for funding numerous international
corporations, including high technology companies, health companies, an
international bank, a motion picture company and real estate development
projects.



Harry Evans Director: was appointed Executive Vice
President and Director of the Company to serve as United States and
international liaison/consultant for us in Los Angeles. From 1990 through 1995
he was Chief Executive Officer and Chief Financial Officer of the American
Society of Cinematographers and executive with the Directors Guild of America
for 15 years ending in 1998 and the International Photographers Guild of
Hollywood. Since 1995 Mr Evans has also served as executive vice president of
Meier Entertainment Group. From 1993 through 1995 he was a labour relations
consultant, primarily for the Union of British Columbia Performers.





Mr. J. Roland Vetter, Chief Financial Officer:

As an executive with a significant background in growing start-up companies,
Roland Vetter specializes in technology, manufacturing and mining. Mr. Vetter
has diverse financial and operational ability at an executive level, including
specialist expertise in completing due diligence, business plans and
fund-raising. Historically Mr. Vetter has had hands on expertise in assimilating
and rationalizing operations as well as implementing projects, mergers,
acquisitions and disposals. He has been responsible for risk management,
internal controls, Corporate-governance and in optimizing funding structures
including corporate tax planning. For 12 years, Mr. Vetter was the Financial
Director Services for the Zimco Group (part of Anglo American Corporation) and a
former Chairman of the Anglo American Audit Liaison Committee. The Zimco Group
is comprised of twelve distinct operations involved in manufacturing and mining.
Mr. Vetter holds a Bachelor of Commerce and a Bachelor of Accounting degree from
the University of the Witwatersrand, South Africa and he is a member of the
Canadian and the South African Institute of Chartered Accountants.



Board Committees



We currently have no compensation committee or other board
committee performing equivalent functions. Currently, all members of our board
of directors participate in discussions concerning executive officer
compensation.



COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT



Section 16(a) of the Securities Exchange Act of 1934, as
amended (the "1934 Act") requires officers and directors of a company with
securities registered pursuant to Section 12 of the 1934 Act, and persons who
own more than 10% of the registered class of such company's equity securities,
to file reports of ownership and changes in ownership with the Securities and
Exchange Commission (the "SEC"). Officers, directors and greater than 10%
stockholders are required by SEC regulation to furnish the subject company with
copies of all Section 16(a) forms filed. To our knowledge, the following Forms 3
and 4 required to be filed during the fiscal year ended October 31, 2006 have
not been filed timely:



*    Form 3, Roland Vetter, CFO, filed on
    October 10, 2006

*    Form 4, John Meier

Item 10.



The following table sets forth certain information regarding our CEO and each
of our most highly compensated executive officers whose total annual salary and
bonus for the fiscal year ending October 31, 2007, 2006 and 2005 exceeded
$100,000:

Summary Compensation Table

Annual                  Long-term
      Compensation          Compensation
      ----------------------- --------------------------
      Awards       Payouts
      -------------- -----------
      Securities
      Underlying         LTIP         All Other
      Fiscal    Salary       Bonus       Options/           Payouts     Compensation
      Name and Principal Position
      Year      ($,000)   ($,000)        SARs (#)           ($,000)        ($,000)
      ------------------------------------- --------- ------------ ---------- -------------- ----------- -----------------------
      John Meier  (1)                        2007        240 (2)   --              --                  --                 --
      President & CEO                        2006      1,818 (3)   --              --                   --                 --
      2005        --        --              --                   --                 --
      
      James Meier (4)                        2007        --        --              --                    --                 --
      Former President            	       2006        --        --              --                    --                 --
      And Chairman                 	       2005        --        --              --                    --                 --


> (1) John Meier was appointed
>         as director and President in March, 2006.
>         (2) Represents annual
>         consulting fees accrued for 2007 year.
>         (3) Represents 3,000,000
>         shares of common stock which had a market value at date of issue of
>         $1,818,181.
>         (4) James
>         Meier resigned as director and president in March, 2006.



Options Grants in Last Fiscal Year

None.

Aggregate Option Exercises In Last Fiscal Year and Fiscal Year End Option
Values

There are no options outstanding at present.



Item 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT

The following table sets forth certain information relating
to the ownership of our common stock as of October 31, 2007 by (i) each person
known by us be the beneficial owner of more than five percent of the outstanding
shares of our common stock, (ii) each of our directors, (iii) each of our named
executive officers, and (iv) all of our executive officers and directors as a
group. Unless otherwise indicated, the information relates to these persons,
beneficial ownership as of October 31, 2007.



|                                                      | Shares of    |  | Percent of    | 
|----------------------------------------------------- | ------------ |  | ------------- | 
|Name                                                  | Common Stock |  | Ownership (1) | 
|Iloria Corporation Ltd                                | 9,360,400    |  | 32.36         | 
|John Meier                                            | 3,150,000    |  | 10.89         | 
|Meier Entertainment Group Inc. (2)                    | 270,350      |  | *             | 
|J Roland Vetter                                       | 100,000      |  | *             | 
|Harry Evans                                           | 25,000       |  | *             | 
|All officers and directors as a group (3 individuals) | 3,275,000    |  | 11%           | 



* less than one percent



(1) Based on

(2) James Meier is
the owner of Meier Entertainment Group Inc.

Item 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Certain related parties periodically advance funds to us.
These advances, or accrued in lieu of consulting services which totaled
approximately $382,137 at October 31, 2007 are unsecured, non-interest bearing
and due on demand.

Nil (October 31, 2006:3,100,000) shares were issued to directors and officers
in lieu of consulting fees during the year ended October 31, 2007.

Item 13. EXHIBITS

31.1 Certification by Chief Executive Officer pursuant to Rule 13a-14(a) or
15d-14, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2 Certification by Chief Financial Officer pursuant to Rule 13a-14(a) or
15d-14, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1 Certification by Chief Executive Officer pursuant to 18 U.S.C. Section
1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2 Certification by Chief Financial Officer pursuant to 18 U.S.C. Section
1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

Item 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

For the years ended October 31, 2007 and 2006, the aggregate
fees payable to Madsen & Associates for professional services rendered for the
audit of the annual financial statements, review of quarterly financial
statements and services normally provided in connection with statutory and
regulatory filings or engagements were approximately $3,840 and $20,175,
respectively.

---





SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

Date: February 12, 2007

|QuadTech International, Inc.          | QuadTech International, Inc.
|------------------------------------- | ----------------------------
|/s/
    John Meier                    | /s/ J. Roland Vetter        
|By: /s/
    John Meier                | By:    /s/ Roland Vetter    
|President and Chief Executive Officer | Chief Financial Officer     
|                                      |                             





---





Exhibit 31.1

CERTIFICATION

I, John Meier, certify that:



1. I have reviewed this quarterly report on Form 10-KSB of
QuadTech International, Inc. for the year ended October 31, 2007;



2. Based on my knowledge, this report does not contain any
untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this
report;



3. Based on my knowledge, the financial statements, and other
financial information included in this annual report, fairly present in all
material respects the financial condition, results of operations and cash flows
of the small business issuer as of, and for, the periods presented in this
report;



4. The small business issuer's other certifying officer(s)
and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the
small business issuer and have:



(a) designed such disclosure controls and procedures, or
caused such disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the small business
issuer is made known to us by others, particularly during the period in which
this annual report is being prepared;



(b) evaluated the effectiveness of the small business
issuer's disclosure controls and presented in this report our conclusions about
the effectiveness of the disclosure controls and procedures, as of the end of
the period covered by this report based on such evaluation; and



(c) disclosed in this report any change in the small business
issuer's internal control over financial reporting that occurred during the
small business issuer's most recent fiscal quarter (the small business issuer's
fourth fiscal quarter in the case of an annual report) that has materially
affected, or is reasonably likely to materially affect, the small business
issuer's internal control over financial reporting; and



5. The small business issuer's other certifying officer(s)
and I have disclosed, based on our most recent evaluation of internal control
over financial reporting, to the small business issuer's auditors and the audit
committee of the small business issuer's board of directors (or persons
performing the equivalent functions);



(a) all significant deficiencies and material weaknesses in
the design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the small business issuer's ability to
record, process, summarize and report financial information; and



(b) any fraud, whether or not material, that involves
management or other employees who have a significant role in the small business
issuer's internal control over financial reporting.

February 12, 2007



|/s/ John Meier
    -------------------------------------
    John Meier
    President and Chief Executive
    Officer
|---------------------------------------------------------------------------------------------------------------------



---







Exhibit 31.2

CERTIFICATION

I, Roland Vetter, certify that:



1. I have reviewed this annual report on Form 10-KSB of
QuadTech International, Inc. for the year ended October 31, 2007;



2. Based on my knowledge, this report does not contain any
untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this
report;



3. Based on my knowledge, the financial statements, and other
financial information included in this annual report, fairly present in all
material respects the financial condition, results of operations and cash flows
of the small business issuer as of, and for, the periods presented in this
report;



4. The small business issuer's other certifying officer(s)
and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and
internal control over financial reporting (as defined in Exchange Act Rules
13a-15(e) and 15d-15(f)) for the small business issuer and have:



(a) designed such disclosure controls and procedures, or
caused such disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the small business
issuer is made known to us by others, particularly during the period in which
this annual report is being prepared;



(b) evaluated the effectiveness of the small business
issuer's disclosure controls and presented in this report our conclusions about
the effectiveness of the disclosure controls and procedures, as of the end of
the period covered by this report based on such evaluation; and



(c) disclosed in this report any change in the small business
issuer's internal control over financial reporting that occurred during the
small business issuer's most recent fiscal quarter (the small business issuer's
fourth fiscal quarter in the case of an annual report) that has materially
affected, or is reasonably likely to materially affect, the small business
issuer's internal control over financial reporting; and



5. The small business issuer's other certifying officer(s)
and I have disclosed, based on our most recent evaluation of internal control
over financial reporting, to the small business issuer's auditors and the audit
committee of the small business issuer's board of directors (or persons
performing the equivalent functions);



(a) all significant deficiencies and material weaknesses in
the design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the small business issuer's ability to
record, process, summarize and report financial information; and



(b) any fraud, whether or not material, that involves
management or other employees who have a significant role in the small business
issuer's internal control over financial reporting.

February 12, 2007



|/s/ J. Roland Vetter
    -----------------------
    J. Roland Vetter
    Chief Financial Officer
|-------------------------------------------------------------------------------------------------





---





Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of QuadTech
International, Inc. (the "Company") on Form 10-KSB for the year ended October
31, 2007 as filed with the Securities and Exchange Commission on the date hereof
(the "Report"), I, John Meier, Chief Executive Officer of the Company, certify,
pursuant to 18 U.S.C. section 906 of the Sarbanes-Oxley Act of 2002, that:



(1) The Report fully complies with the requirements of
section 13(a) or 15(d) of the Securities and Exchange Act of 1934; and



(2) The information contained in the Report fairly presents,
in all material respects, the financial condition and result of operations of
the Company.



A signed original of this written statement required by
Section 906 has been provided to QuadTech International, Inc. and will be
retained by QuadTech International,, Inc. and furnished to the Securities and
Exchange Commission or its staff upon request.



|February 12, 2007 /s/ / John
    Meier
    -------------------------------------
    John Meier
    President and Chief Executive
    Officer
|---------------------------------------------------------------------------------------------------------------------------------------------





---





Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of QuadTech
International, Inc. (the "Company") on Form 10-KSB for the year ended October
31, 2007 as filed with the Securities and Exchange Commission on the date hereof
(the "Report"), I, Roland Vetter, Chief Financial Officer of the Company,
certify, pursuant to 18 U.S.C. section 906 of the Sarbanes-Oxley Act of 2002,
that:



(1) The Report fully complies with the requirements of
section 13(a) or 15(d) of the Securities and Exchange Act of 1934; and



(2) The information contained in the Report fairly presents,
in all material respects, the financial condition and result of operations of
the Company.



A signed original of this written statement required by
Section 906 has been provided to QuadTech International,, Inc. and will be
retained by QuadTech International,, Inc. and furnished to the Securities and
Exchange Commission or its staff upon request.





|February 12, 2007 /s/ J. Roland
    Vetter
    ---------------------------
    J. Roland Vetter
    Chief Financial Officer
|---------------------------------------------------------------------------------------------------------------------------