U.S. SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-QSB

[X] Quarterly Report Pursuant to Section 13 or 15(d) of Securities Exchange Act
                                     of 1934

                For the quarterly period ended December 31, 2006

 [_] Transition report under Section 13 or 15(d) of the Securities Exchange Act
                                     of 1934

               For the transition period from _______ to _______.

                         Commission File No. 000-1074267

                                 LITE KING CORP.
                                 ---------------
                 (Name of Small Business Issuer in Its Charter)

                New York                                 11-2996988
                --------                                 ----------
    (State or Other Jurisdiction of         (I.R.S. Employer Identification No.)
     Incorporation or Organization)

    101 Hudson St., Jersey City, N.J.                       07302
    ---------------------------------                       -----
(Address of Principal Executive Offices)                 (Zip Code)

                                 (201) 985-8300
                                 --------------
                (Issuer's Telephone Number, Including Area Code)

                        FORMER ADDRESS & TELEPHONE NUMBER

  1940 Harrison St., Suite 305, Hollywood, FL.              33020
  --------------------------------------------              -----
(Address of Former Principal Executive Offices)          (Zip Code)

                                 (954) 983-2213
                                 --------------
             (Former Issuer's Telephone Number, Including Area Code)

      Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months, and (2) has
been subject to such filing requirements for the past 90 days. Yes [X] No [_]

      Indicate by check mark whether the Registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act): Yes [X] No [_]

      There were 49,999,940 shares of common stock outstanding as of February 1,
2007.

<PAGE>

                                TABLE OF CONTENTS

PART I.

Item 1.    Financial Statements


           Condensed Balance Sheet - December 31, 2006  (unaudited)           4

           Condensed Statements of Operations - For the Three Months Ended
           December 31, 2005 and 2006 (unaudited)                             5

           Condensed Statements of Operations - For the Six Months Ended
           December 31, 2005 and 2006 (unaudited)                             5

           Condensed Statements of Cash Flows - For the Six Months Ended
           December 31, 2005 and 2006 (unaudited)                             6

           Notes to Condensed Financial Statements (unaudited)                7

Item 2.    Management's Plan of Operations and Discussion and Analysis       10

Item 3.    Controls and Procedures                                           14

PART II.                        OTHER INFORMATION


Item 1.    Legal Proceedings                                                 15

Item 2.    Changes in  Securities and Use of Proceeds                        15

Item 3.    Defaults upon Senior Securities                                   15

Item 4.    Submission of Matters to a Vote of Security Holders               15

Item 5.    Other Information                                                 15

Item 6.    Exhibits and Reports on Form 8-K                                  15

           Signatures                                                        15


                                       2

<PAGE>

                                     PART I

ITEM 1.    FINANCIAL STATEMENTS

           Financial Information


                                        3

<PAGE>

                              LITE KING CORPORATION
                             CONDENSED BALANCE SHEET
                                DECEMBER 31, 2006
                                   (UNAUDITED)

                                     ASSETS

Current assets
  Cash                                                         $        --
                                                               -----------
    Total current assets                                                --
                                                               -----------
Total assets                                                   $        --
                                                               ===========

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
  Accounts payable and accrued liabilities                     $ 1,534,418
  Convertible debentures - related parties - current portion       400,000
  Convertible debentures - current portion                         931,677
  Due to shareholder                                               119,784
  Note payable to stockholders                                     143,010
                                                               -----------
    Total current liabilities                                    3,128,889
Long-term liabilities
  Convertible debentures - long-term portion                            --
                                                               -----------
Total liabilities                                                3,128,889
Stockholders' deficit
  Common stock; $0.001 par value; 50,000,000 shares
    authorized 49,999,940 shares issued and outstanding             50,000
  Additional paid-in capital                                       585,166
  Treasury stock                                                   (48,950)
  Accumulated deficit                                           (3,715,105)
                                                               -----------
    Total stockholders' deficit                                 (3,128,889)
                                                               -----------
Total liabilities and stockholders' deficit                    $        --
                                                               ===========

            See Accompanying Notes to Condensed Financial Statements


                                        4

<PAGE>

                              LITE KING CORPORATION
                       CONDENSED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                               For the three months         For the six months
                                                ended December 31,          ended December 31,
                                            -------------------------   -------------------------
                                                2006          2005          2006         2005
                                            -----------   -----------   -----------   -----------
<S>                                         <C>           <C>           <C>           <C>
Revenues                                    $        --   $        --   $        --   $        --
Cost of revenues                                     --            --            --            --
                                            -----------   -----------   -----------   -----------
  Gross profit (loss)                                --            --            --            --
Operating expenses
  General and administrative                      6,497         3,000        11,867         6,000
                                            -----------   -----------   -----------   -----------
    Total operating expenses                      6,497         3,000        11,867         6,000
                                            -----------   -----------   -----------   -----------
  Loss from operations                           (6,497)       (3,000)      (11,867)       (6,000)
Other expense
  Interest expense                              (25,759)      (25,938)      (51,518)      (51,875)
                                            -----------   -----------   -----------   -----------
    Total other expense                         (25,759)      (25,938)      (51,518)      (51,875)
Net loss                                    $   (32,256)  $   (28,938)  $   (63,385)  $   (57,875)
                                            ===========   ===========   ===========   ===========
Basic and diluted loss per common share     $     (0.00)  $     (0.00)  $     (0.00)  $     (0.00)
                                            ===========   ===========   ===========   ===========
Basic and diluted weighted average common
  shares outstanding                         49,999,940    49,999,940    49,999,940    49,999,940
                                            ===========   ===========   ===========   ===========
</TABLE>

            See Accompanying Notes to Condensed Financial Statements


                                        5

<PAGE>

                              LITE KING CORPORATION
                       CONDENSED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                             For the six months
                                                             ended December 31,
                                                            --------------------
                                                              2006       2005
                                                            --------   --------
<S>                                                         <C>        <C>
Cash flows from operating activities:
  Net loss                                                  $(63,384)  $(57,875)
  Adjustments to reconcile net income loss to net cash
    used by operating activities:
    Accretion of discount on convertible debentures               --         --
  Changes in operating assets and liabilities:
    Other assets                                                  --         --
    Accounts payable and accrued liabilities                  63,384     57,875
                                                            --------   --------
      Net cash used by operating activities of continuing
        operations                                                --         --
                                                            --------   --------
Net change in cash                                                --         --
Cash, beginning of period                                         --         --
                                                            --------   --------
Cash, end of period                                         $     --   $     --
                                                            ========   ========
</TABLE>

            See Accompanying Notes to Condensed Financial Statements


                                        6

<PAGE>

                              LITE KING CORPORATION
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (UNAUDITED)

1.    DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

      Description of business - Lite King Corporation (hereinafter referred to
      as the "Company") currently is a dormant company with no operations and
      activities isolated to legal and other fees related to the maintenance of
      corporate status. As discussed in Note 7, the Company discontinued its
      operations beginning October 1, 2002. The Company is considered to be a
      public shell.

      History - Lite King Corporation was incorporated in New York on January 4,
      1990 and was formerly engaged in the manufacture and assembly of wiring
      devices. During 2000, the Company discontinued its manufacturing and
      assembly business and sold off its business assets to position itself as a
      merger candidate.

      National Cabling Services, Inc. ("NCSI") was incorporated on June 21, 1995
      in the state of Illinois. NCSI's principal business activity was the
      design and installation of cabling for computer networks.

      On March 16, 2001, the Company merged with NCSI in a reverse acquisition.
      In consideration of receiving all of the issued and outstanding shares of
      NCSI, the Company issued 5,149,029 restricted shares of common stock to
      the shareholders of NCSI. The Company had 2,484,646 shares issued and
      outstanding prior to the merger.

      The merger was accounted for as a reverse acquisition since NCSI was the
      continuing accounting entity under GAAP, as a result of the
      recapitalization. Accordingly, a recapitalization occurred and no goodwill
      was recorded and the operating results of the Company have been included
      in the financial statements from the date of consummation of the merger.
      On this basis, the historical financial statements prior to March 16, 2001
      represent the financial statements of NCSI. The historical shareholders'
      equity accounts of NCSI as of December 31, 2000 have been retroactively
      restated for all periods presented to reflect the recapitalization.

      Going concern - The Company incurred a net loss of approximately $63,400
      for the six months ended December 31, 2006. The Company's current
      liabilities exceed its current assets by approximately $3,130,000 as of
      December 31, 2006. The Company ceased operations in October 2002 and is
      considered to be a public shell.

      Management's plan is to merge with an operating company.

      Definition of fiscal year - On June 30, 2001, the Company elected to
      change its fiscal year from December 31 to June 30.

      Use of estimates - The preparation of financial statements in conformity
      with accounting principles generally accepted in the United States of
      America requires management to make estimates and assumptions that affect
      the reported amounts of assets and liabilities and disclosure of
      contingent assets and liabilities at the date of the financial statements
      and the reported amounts of revenue and expenses during the reporting
      period. Actual results could differ from those estimates.

      Reclassifications - Certain items in the financial statements of prior
      periods have been reclassified to conform to current period presentation.

      Inventory - Inventory is stated at the lower of cost or market. Cost is
      principally determined by using the first-in, first-out (FIFO) method.
      Inventory consists principally of finished goods. The Company's management
      monitors the inventory for excess and obsolete items and makes necessary
      valuation adjustments when required.

      Fixed assets - Fixed assets are stated at cost less accumulated
      depreciation. Depreciation is provided principally on the straight-line
      method over the estimated useful lives of the assets, which is primarily 3
      to 7 years. The cost of repairs and maintenance is charged to expense as
      incurred. Expenditures for property betterments and renewals are
      capitalized. Upon sale or other disposition of a depreciable asset, cost
      and accumulated depreciation are removed from the accounts and any gain or
      loss is reflected in other income (expense).


                                        7

<PAGE>

      The Company periodically evaluates whether events and circumstances have
      occurred that may warrant revision of the estimated useful lives of fixed
      assets or whether the remaining balance of fixed assets should be
      evaluated for possible impairment. The Company uses an estimate of the
      related undiscounted cash flows over the remaining life of the fixed
      assets in measuring their recoverability.

      Revenue recognition - The Company maintains its accounting records on the
      accrual basis of accounting. Revenues from fixed-price installation
      contracts are recognized on the percentage-of-completion method, measured
      by the percentage of actual cost incurred to date to estimated total cost
      for each contract (cost-to-cost method). This method is used because
      management considers actual expended cost to be the best available measure
      of progress on these contracts. Revenues from cost-plus-fee contracts are
      recognized on the basis of costs incurred during the period plus the fee
      earned, measured by the cost-to-cost method.

      Stock-based compensation - The Company applies Statement of Financial
      Accounting Standards No. 123 (revised 2004), "Accounting for Stock-Based
      Compensation", which focuses primarily on accounting for transactions in
      which an entity obtains employee services in share-based payment
      transactions. It requires the recognition of compensation cost using a
      fair value based method whereby compensation cost is measured at the grant
      date based on the value of the award and is recognized over the service
      period, which is usually the vesting period. The Company uses the
      Black-Scholes pricing model to calculate the fair value of options and
      warrants issued to non-employees. Stock issued for compensation is valued
      using the market price of the stock on the date of the related agreement.
      The Company granted no warrants or options to employees for the three
      months ended December 31, 2006 and 2005, respectively.

      Earnings (loss) per common share - Basic earnings (loss) per share
      excludes any dilutive effects of options, warrants and convertible
      securities. Basic earnings (loss) per share is computed using the
      weighted-average number of outstanding common shares during the applicable
      period. Diluted earnings (loss) per share is computed using the weighted
      average number of common and common stock equivalent shares outstanding
      during the period. Common stock equivalent shares are excluded from the
      computation if their effect is antidilutive.

2.    RELATED PARTY TRANSACTIONS

      Due to stockholder - During the period ended December 31, 2006, Cornell
      Capital Partners, LP ("Cornell Capital Partners"), a significant
      shareholder, has provided funds to pay professional fees in the amount of
      approximately $120,000. The funds are unsecured, non-interest bearing and
      due on demand.

      Note payable to stockholders - As of December 31, 2006, the Company has a
      note payable totaling $143,010 due to two stockholders, Mr. Wally
      Pennington and Mr. Robert Personett, the former officers and directors of
      the Company, which is secured by the Company's assets, bearing interest at
      6% per annum, with principal and interest due on demand. This note payable
      is currently in default.

      Convertible debentures - former officers/directors and debenture holders -
      During June and July 2001, the Company issued convertible debentures in
      the amount of $400,000 to Mr. Wally Pennington, Mr. Robert Personett, Mrs.
      Christine Personett, Mr. Ken Dixon and Mr. Mike Murphy. Mr. Pennington and
      Mr. Personett were former officers and directors of the Company. Mrs.
      Personett is Mr. Personett's sister. Mr. Dixon and Mr. Murphy were
      debenture holders. The debentures matured in 2003 but continue to bear
      interest at twelve percent annually, payable annually. The holder of a
      debenture has the right at any time after thirty days from the issuance
      until maturity to voluntarily convert to common shares of the issuer at
      $2.00 per share. The debenture holder will be forced to convert to common
      stock if the common stock is trading in an over-the-counter market or on a
      listed exchange and the average bid price of the common stock on the
      issuer has maintained a price of $2.00 per share or higher for five
      consecutive trading days. The debentures are currently in default.


                                        8

<PAGE>

3.    CONVERTIBLE DEBENTURES

      On February 7, 2002, pursuant to an Equity Line of Credit Agreement (the
      "Credit Agreement") (See Note 5), the Company issued a convertible
      debenture in the amount of $843,823 to Cornell Capital Partners. This
      convertible debenture matures on February 7, 2007, is unsecured and bears
      interest at five percent annually. The interest will be paid at the time
      of maturity or on the conversion date. Cornell Capital Partners is
      entitled to convert, and sell on the same day, at any time from time to
      time, until payment in full of this debenture, all or any part of the
      principal amount of the debenture, plus accrued interest, into shares of
      the Company's common stock at a price per share equal to $0.41 per share.
      The Company has accounted for this transaction as a long-term liability
      and "Loan fees related to equity line of credit" which were to be
      amortized over the life of the Credit Agreement. However, as discussed in
      Note 5, the Credit Agreement was cancelled in October of 2002 and
      accordingly all remaining loan fees were fully amortized. The liability
      has since become current.

      On February 22, 2002, the Company issued a secured convertible debenture
      to Cornell Capital Partners in the principal amount of $250,000. This
      debenture matured in 2004 but continues to bear interest at five percent
      annually. The interest will be paid at the time of maturity or on the
      conversion date. At the Company's option, the entire principal amount and
      all accrued interest can be either (a) paid to the investors at maturity
      or (b) converted to common shares of the Company. Cornell Capital Partners
      is entitled to voluntarily convert the debentures to common shares of the
      Company on or after February 22, 2002. This debenture is convertible into
      shares of the Company's common stock at a conversion price equal to either
      (a) 120% of the closing bid price of the Company's common stock as of
      February 14, 2002, or (b) 80% of the average of the 3 lowest closing bid
      prices of the Company's common stock for the 5 trading days prior to
      conversion. The debenture is currently in default.

      From August 2002 through November 2002, Cornell Capital Partners converted
      $162,146 of the $250,000 principal amount of the debenture and received
      41,985,345 shares of the Company's common stock, giving Cornell Capital
      Partners majority ownership in the Company.

4.    COMMITMENTS AND CONTINGENCIES

      Secured borrowing - During the year ended June 30, 2002 the Company
      entered in a "Sale and Purchase Agreement" with a lender for the sale of
      certain trade receivables to the lender. The Company is obligated under
      the Sale and Purchase Agreement to repurchase any receivables sold that
      remains unpaid for 90 days following its original invoice date. Therefore,
      the Company adopted Financial Accounting Standard ("FAS") 125, "Accounting
      for Transfers and Servicing of Financial Assets and Extinguishments of
      Liabilities" and has classified these transactions as secured borrowings.
      The Sale and Purchase Agreement allows the Company to borrow up to 80% of
      receivables sold or maximum credit ($400,000), whichever is less. A
      factoring fee of 1% each 30 days is charged on face value of each financed
      invoice. An additional fee includes finance fee of prime plus 5% on the
      average daily financed balance payable monthly in arrears. Application of
      receipts for interest calculation will occur after four business days. The
      term is based on six months with six month renewals (30 day advance
      written notice for rate negotiation or termination). As of December 31,
      2006, the secured borrowing totaling $13,250 was recorded as part of
      accounts payable and accrued liabilities totaling $1,520,980.

      Litigation - The Company was a co-defendant in a lawsuit filed by a group
      of former employees claiming they were not paid prevailing wages on a 1996
      project. The parties to the lawsuit have entered into an out-of-court
      settlement agreement, the result of which was the Company had to pay
      $45,000 to settle these claims. This expense is included in the year ended
      June 30, 2001. As a result of the settlement, the Company accrued payroll
      taxes payable of $98,643 as of June 30, 2001. An additional $42,093 was
      accrued for interest and penalty. As of December 31, 2006, the outstanding
      payroll tax payable balance was $115,736.

5.    EQUITY LINE OF CREDIT AGREEMENT

      On February 7, 2002, the Company entered into the Credit Agreement
      (defined above) with Cornel Capital Partners. Pursuant to the Credit
      Agreement, the Company might, at its discretion, periodically draw funds
      up to $20,000,000 from issuance of its common stock. For each share of
      common stock purchased under the Credit Agreement, Cornell Capital
      Partners would pay 91% of the lowest closing bid price on the
      Over-the-Counter Bulletin Board or other principal market on which the
      Company's common stock is traded for the 5 days immediately following the
      notice date. The Company was required to file a registration statement on
      Form SB-2 with the Securities and Exchange Commission for the registration
      of common stock for issuance related to the Credit Agreement. The Company
      was entitled to $1.5 million, in the aggregate, in the first thirty
      calendar day period after the effective date of the registration statement
      with respect to the equity line of credit shares. The amount of each
      subsequent advance received by the Company was subject to an aggregate
      maximum advance amount of $500,000 in any thirty-day period thereafter.
      The term of the Credit Agreement was thirty-six months beginning on the
      date the SEC declares that the registration statement effective and
      subject to termination at the sole discretion of the Company and subject
      to certain events. The Credit Agreement is no longer in effect and the
      Company cannot access any funds thereafter.


                                        9

<PAGE>

      Under the Credit Agreement, the Company was required to issue 360,920
      shares of the Company's common stock to Cornell Capital Partners, 20,000
      shares to a placement agent, and issue a convertible debenture in the
      amount of $843,823. In February 2002, the Company issued the common stock
      valued at $159,986, which the Company recorded as "Loan fees related to
      equity line" which were to be amortized over the life of the Credit
      Agreement. However, when the Company ceased operations in October of 2002,
      the Credit Agreement was cancelled and accordingly all remaining loan fees
      were fully amortized.

Item  2. Management's Plan Of Operation And Discussion And Analysis

Overview

            The discussion and analysis presented below should be read in
conjunction with the consolidated financial statements and related notes
appearing in the Form 10-KSB.

            This quarterly report contains forward-looking statements. These
statements relate to future events or our future financial performance. In some
cases, you can identify forward-looking statements by terminology such as "may,"
"will," "should," "could," "forecasts," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "potential," "see," "target," "projects,"
"position," or "continue" or the negative of such terms and other comparable
terminology. These statements reflect our current expectations, estimates, and
projections. These statements are not guarantees of future performance and
involve risks, uncertainties, and assumptions that are difficult to predict.
Actual events or results may differ materially from what is expressed or
forecasted in these forward-looking statements. We disclaim any intention or
obligation to update any forward-looking statement.

            On March 9, 2001, Lite King Corporation, a New York Corporation (the
"Company" or "LK") entered into an Agreement and Plan of Merger (the "Merger
Agreement") to acquire all of the common stock of National Cabling Services,
Inc., an Illinois corporation ("National Cabling"), which provided professional
design and installation of structured cable systems and electronics in support
of high speed telecommunication services such as LAN/WAN, VoIP, PBX systems and
outside plant systems. The merger and business reorganization pursuant to
Section 368 of the Internal Revenue Code of 1986, as amended, was completed on
March 16, 2001. The Merger Agreement called for the merger of National Cabling
with a wholly owned subsidiary of the Company, King Cabling Corp; the exchange
of all outstanding common shares of National Cabling for common shares of the
Company; and the resignation of the existing board of directors and officers of
the Company and the appointment of three members of National Cabling's board of
directors and officers to fill their unexpired terms. The Merger Agreement
required the Company to hold a shareholder meeting as soon as practicable to
ratify the new Board of Directors' appointments. Lite King functioned as the
parent company for National Cabling.

            The Company under its wholly owned subsidiary, National Cabling,
continued operations until October 2002. The Company acquired current assets of
approximately $738,244, and leasehold improvements and equipment of
approximately $300,742 for total assets of $1,038,986 in exchange for 5,149,029
shares of the Company pursuant to the terms of the Merger Agreement. Prior to
the merger, there was no material relationship between the Company and National
Cabling. (See Management's Discussion and Analysis of Plan of Operation). Due to
a lack of funding, the Company ceased all operations in October of 2002.

            During October 2002, the Company adopted a formal plan to
discontinue all operations. As of December 31, 2002, the Company completed the
sale of all assets and paid the remaining principal balances on the $30,861 note
payable and capital lease obligations. The Company currently is a dormant
company with no operations and activities isolated to legal and other fees
related to the maintenance of corporate status. The Equity Line of Credit
Agreement (the "Equity Line") with Cornell Capital Partners is no longer
available to the Company at this time. The Company is considered to be a public
shell.


                                       10

<PAGE>

            On November 14, 2006, the Board of Directors of the Company
appointed Mr. John T. Ruddy as the President, Chief Executive Officer, Chief
Financial Officer and Sole Director of the Company. Mr. Ruddy has served on the
Board of Directors of Lite King in 2004. He also was a Director at the public
company Bio-One Corp. from July, 2005 until December, 2005. Mr. Ruddy has been a
Managing Director for Highgate House, LLC since January, 2006. He has
contributed to the funding of numerous companies by investing in private
placement transactions. Mr. Ruddy is also a Captain at the Jersey City Fire
Department, where he became the youngest Captain of the Fire Department and has
served since 1995. Mr. Ruddy earned a B.A. from Rutgers University in 1994.

            Following these appointments, Mr. Roy Rodriguez resigned from the
Board effective immediately following the Board Meeting held on November 14,
2006.

Financial Performance

            The Company had a history of losses and ceased operations in
October, 2002.

Results of Operations For the Three Months Ended December 31, 2006, As Compared
To The Three Months Ended December 31, 2005.

            Revenues. Since the Company discontinued operations in October of
2002, we had no revenue or cost of revenue during this period.

            Operating Expense. For the three months ended December 31, 2006 and
2005, we had operating expenses of approximately $6,500 and $3,000 respectively,
an increase of 2,500 or 83%. The difference is due to an increase in
professional fees.

            Interest Expense. For the three months ended December 31, 2006 and
2005, we had interest expense of approximately $26,000 in each period.

            Net Loss. For the three months ended December 31, 2006, we had a net
loss of approximately $32,000 as compared to a net loss of approximately $29,000
for the three months ended December 31, 2005, an increase of $3,000 or 10%.

Results of Operations For the Six Months Ended December 31, 2006, As Compared To
The Six Months Ended December 31, 2005.

            Revenues. Since the Company discontinued operations in October of
2002, we had no revenue or cost of revenue during this period.

            Operating Expense. For the six months ended December 31, 2006 and
2005, we had total operating expenses of $12,000 and $6,000 respectively, an
increase of $6,000 or 100%. The difference is due to an increase in professional
fees.

            Interest Expense. For the six months ended December 31, 2006 and
2005, we had interest expense of approximately $52,000 in each period.

            Net Loss. For the six months ended December 31, 2006 and 2005, we
had a net loss of approximately $63,000 and $58,000 respectively, an increase of
$5,000 or 9%.

LIQUIDITY AND CAPITAL RESOURCES

            The Company incurred a net loss of approximately $63,000 for the six
months ended December 31, 2006. The Company has no cash on hand as of December
31, 2006. The Company's current liabilities exceeded our current assets by
approximately $3,130,000 as of December 31, 2006.


                                       11

<PAGE>

Related Party Transactions

            Due to stockholder - As of December 31, 2006, Cornell Capital
Partners has advanced approximately $120,000 to the Company, an increase of
approximately $20,000 as of September 30, 2006.

            Note payable to stockholders - As of December 31, 2006, the Company
has a note payable totaling $143,010 due to two stockholders, Mr. Wally
Pennington and Mr. Robert Personett, the former officers and directors of the
Company, which is secured by the Company's assets, bearing interest at 6% per
annum, with principal and interest due on demand. This note payable is currently
in default.

            Convertible debentures - former officers/directors and debenture
holders - During June and July 2001, the Company issued convertible debentures
in the amount of $400,000 to Mr. Wally Pennington, Mr. Robert Personett, Mrs.
Christine Personett, Mr. Ken Dixon and Mr. Mike Murphy. Mr. Pennington and Mr.
Personett were former officers and directors of the Company. Mrs. Personett is
Mr. Personett's sister. Mr. Dixon and Mr. Murphy were debenture holders. The
debentures matured in 2003 but continue to bear interest at twelve percent
annually, payable annually. The holder of a debenture has the right at any time
after thirty days from the issuance until maturity to voluntarily convert to
common shares of the issuer at $2.00 per share. The debenture holder will be
forced to convert to common stock if the common stock is trading in an
over-the-counter market or on a listed exchange and the average bid price of the
common stock on the issuer has maintained a price of $2.00 per share or higher
for five consecutive trading days. The debentures are currently in default. As
at December 31, 2006 accrued interest on this debenture amounted to
approximately $229,000.

Convertible Debentures

            On February 7, 2002, pursuant to an Equity Line of Credit Agreement
(the "Credit Agreement") (See Note 5), the Company issued a convertible
debenture in the amount of $843,823 to Cornell Capital Partner, LP. This
convertible debenture matures on February 7, 2007, is unsecured and bears
interest at five percent annually. The interest will be paid at the time of
maturity or on the conversion date. Cornell is entitled to convert, and sell on
the same day, at any time from time to time, until payment in full of this
debenture, all or any part of the principal amount of the debenture, plus
accrued interest, into shares of the Company's common stock at a price per share
equal to $0.41 per share. The Company has accounted for this transaction as a
long-term liability and "Loan fees related to equity line of credit" which were
to be amortized over the life of the Credit Agreement. However, as discussed in
Note 5, the Credit Agreement was cancelled in October of 2002 and accordingly
all remaining loan fees were fully amortized. The liability has since become
current.

            On February 22, 2002, the Company issued a secured convertible
debenture to Cornell Capital Partners in the principal amount of $250,000. This
debenture matured in 2004 but continues to bear interest at five percent
annually. The interest will be paid at the time of maturity or on the conversion
date. At the Company's option, the entire principal amount and all accrued
interest can be either (a) paid to the investors at maturity or (b) converted to
common shares of the Company. Cornell Capital Partners is entitled to
voluntarily convert the debentures to common shares of the Company on or after
February 22, 2002. This debenture is convertible into shares of the Company's
common stock at a conversion price equal to either (a) 120% of the closing bid
price of the Company's common stock as of February 14, 2002, or (b) 80% of the
average of the 3 lowest closing bid prices of the Company's common stock for the
5 trading days prior to conversion. The debenture is currently in default.

            From August 2002 through November 2002, Cornell Capital Partners
converted $162,146 of the $250,000 principal amount of the debenture and
received 41,985,345 shares of the Company's common stock, giving Cornell Capital
Partners majority ownership in the Company.

Equity Line of Credit Agreement

            On February 7, 2002, the Company entered into the Credit Agreement
(defined above) with Cornel Capital Partners. Pursuant to the Credit Agreement,
the Company might, at its discretion, periodically draw funds up to $20,000,000
from issuance of its common stock. For each share of common stock purchased
under the Credit Agreement, Cornell Capital Partners would pay 91% of the lowest
closing bid price on the Over-the-Counter Bulletin Board or other principal
market on which the Company's common stock is traded for the 5 days immediately
following the notice date. The Company was required to file a registration
statement on Form SB-2 with the Securities and Exchange Commission for the
registration of common stock for issuance related to the Credit Agreement. The
Company was entitled to $1.5 million, in the aggregate, in the first thirty
calendar day period after the effective date of the registration statement with
respect to the equity line of credit shares. The amount of each subsequent
advance received by the Company was subject to an aggregate maximum advance
amount of $500,000 in any thirty-day period thereafter. The term of the Credit
Agreement was thirty-six months beginning on the date the SEC declares that the
registration statement effective and subject to termination at the sole
discretion of the Company and subject to certain events. The Credit Agreement is
no longer in effect and the Company cannot access any funds thereafter.


                                       12

<PAGE>

            Under the Credit Agreement, the Company was required to issue
360,920 shares of the Company's common stock to Cornell Capital Partners, 20,000
shares to a placement agent, and issue a convertible debenture in the amount of
$843,823. In February 2002, the Company issued the common stock valued at
$159,986, which the Company recorded as "Loan fees related to equity line" which
were to be amortized over the life of the Credit Agreement. However, when the
Company ceased operations in October of 2002, the Credit Agreement was cancelled
and accordingly all remaining loan fees were fully amortized.

Discontinued operations

            During October 2002, the Company adopted a formal plan to
discontinue all operations. As of December 31, 2002, the Company completed the
sale of all assets of the Company and paid the remaining principal balances on
the note payable and capital lease obligations. The Company currently is a
dormant company with no operations and activities isolated to legal and other
fees related to the maintenance of corporate status. The Equity Line with
Cornell Capital Partners is no longer available to the Company at this time. The
Company is considered to be a public shell.

Certain Business Risks

            The Company is subject to various risks that may materially harm its
business, financial condition and results of operations. You should carefully
consider the risks and uncertainties described below and the other information
in this filing before deciding to purchase the Company's common stock. These are
not the only risks and uncertainties that the Company faces. If any of these
risks or uncertainties actually occurs, the Company's business, financial
condition or operating results could be materially harmed. In that case, the
trading price of the Company's common stock could decline and you could lose all
or part of your investment.

            We Have Historically Lost Money And Losses May Continue In The
Future

            For the quarter ended December 31, 2006 we had a net loss of
approximately $32,300. For the six months ended December 31, 2006 and 2005, we
had a net loss of approximately $63,000 and $58,000 respectively. As of December
31, 2006, the Company had an accumulated deficit of approximately $3,700,000.

            We may never resume operations or acquire an operating company.

            During October 2002, the Company adopted a formal plan to
discontinue all operations. As of December 31, 2002, the Company completed the
sale of all assets and paid the remaining principal balances on the related
$31,861 note payable and capital lease obligations. The Company currently is a
dormant company with no operations and activities isolated to legal and other
fees related to the maintenance of corporate status. We may never be successful
or acquire an operating company. The Company is considered to be a public shell.
You may lose your entire investment in the Company.

            We Are Subject To A Working Capital Deficit, Which Means That Our
Current Assets On December 31, 2006 Were Not Sufficient To Satisfy Our Current
Liabilities

            We had a working capital deficit of approximately $3,130,000 as of
December 31, 2006, which means that our current liabilities as of that date
exceeded our current assets by approximately $3,130,000. Current assets are
assets that are expected to be converted to cash within one year and, therefore,
may be used to pay current liabilities as they become due. Our working capital
deficit means that our current assets on December 31, 2006 were not sufficient
to satisfy all of our current liabilities on that date.

            Our Obligations Under The Secured Convertible Debentures Issued to
Cornell Capital Partners Are Secured By All Of Our Assets and are in default..

            Our obligations under the secured convertible debentures in the
principal amount of $250,000 issued to Cornell Capital Partners on February 22,
2002 are secured by all of our assets. These debentures have a term of 2 years.
Under the terms of these secured convertible debentures, Cornell Capital
Partners could foreclose its security interest and liquidate all of the assets
of the Company. As we are currently in default, Cornell Capital Partners could
foreclose on the assets whenever they want.


                                       13

<PAGE>

            Our Common Stock Is Deemed To Be "Penny Stock," Which May Make It
More Difficult For Investors To Sell Their Shares Due To Suitability
Requirements

            Our common stock is deemed to be "penny stock" as that term is
defined in Rule 3a51-1 promulgated under the Securities Exchange Act of 1934.
Penny stocks are stock:

            o     With a price of less than $5.00 per share;

            o     That are not traded on a "recognized" national exchange;

            o     Whose prices are not quoted on the Nasdaq automated quotation
                  system (Nasdaq listed stock must still have a price of not
                  less than $5.00 per share); or

            o     In issuers with net tangible assets less than $2.0 million (if
                  the issuer has been in continuous operation for at least three
                  years) or $5.0 million (if in continuous operation for less
                  than three years), or with average revenues of less than $6.0
                  million for the last three years.

            Broker/dealers dealing in penny stocks are required to provide
potential investors with a document disclosing the risks of penny stocks.
Moreover, broker/dealers are required to determine whether an investment in a
penny stock is a suitable investment for a prospective investor. These
requirements may reduce the potential market for our common stock by reducing
the number of potential investors. This may make it more difficult for investors
in our common stock to sell shares to third parties or to otherwise dispose of
them. This could cause our stock price to decline.

ITEM 3. CONTROLS AND PROCEDURES

            Evaluation Of Disclosure Controls And Procedures

            As of the end of the period covered by this report, the Company
carried out an evaluation, under the supervision and with the participation of
the Company's Principal Executive Officer/Principal Financial Officer of the
effectiveness of the design and operation of the Company's disclosure controls
and procedures. The Company's disclosure controls and procedures are designed to
provide a reasonable level of assurance of achieving the Company's disclosure
control objectives. The Company's Principal Executive Officer/Principal
Financial Officer has concluded that the Company's disclosure controls and
procedures are, in fact, effective at this reasonable assurance level as of the
period covered. In addition, the Company reviewed its internal controls, and
there have been no significant changes in its internal controls or in other
factors that could significantly affect those controls subsequent to the date of
their last evaluation or from the end of the reporting period to the date of
this Form 10-QSB.

            Changes In Internal Controls Over Financial Reporting

            In connection with the evaluation of the Company's internal controls
during the Company's fiscal quarter ended December 31, 2006, the Company's
Principal Executive Officer/Principal Financial Officer has determined that
there are no changes to the Company's internal controls over financial reporting
that has materially affected, or is reasonably likely to materially effect, the
Company's internal controls over financial reporting.


                                       14

<PAGE>

PART II

ITEM 1.     LEGAL PROCEEDINGS

            None

ITEM 2.     CHANGES IN SECURITIES AND USE OF PROCEEDS

            None

ITEM 3.     DEFAULTS UPON SENIOR SECURITIES

            None.

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

            None.

ITEM 5.     OTHER INFORMATION

            None.

ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

            (a)   Exhibits:

Exhibit
 Number   Description
-------   -----------
31.1      Certification of Chief Executive Officer

31.2      Certification of Chief Financial Officer

32.1      Certification of President and Chief Executive Officer under
          Section 906 of the Sarbanes-Oxley Act of 2002.

32.2      Certification of Chief Financial Officer under Section 906 of the
          Sarbanes-Oxley Act of 2002.

b)        Reports On Form 8-K:

             None

SIGNATURES

            In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

Date: February 13, 2007                 LITE KING CORPORATION


                                        By: /s/ John T. Ruddy
                                            ------------------------------------
                                            John T. Ruddy
                                            President, Chief Executive Officer,
                                            and Chief Financial Officer


                                       15