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 September 30, 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
   Incorporation or Organization)                   Identification No.)

         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 January
2, 2007.

                                       1
<PAGE>


                                TABLE OF CONTENTS

PART I.

Item 1.  Financial Statements
         Condensed Balance Sheet - September 30, 2006 (unaudited)              4

         Condensed Statements of Operations - For the Three Months
           Ended September 30, 2005 and 2006  (unaudited)                      5

         Condensed Statements of Cash Flows - For the Three Months
           Ended September 30, 2005and 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                                                    14

Item 2.  Changes in Securities and Use of
         Proceeds                                                             14

Item 3.  Defaults upon Senior Securities                                      14

Item 4.  Submission of Matters to a Vote of Security Holders                  14

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
                               SEPTEMBER 30, 2006
                                   (UNAUDITED)

                                     ASSETS
<TABLE>
<CAPTION>

<S>                                                                  <C>

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

Total assets                                                         $        --
                                                                     ===========

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
    Accounts payable and accrued liabilities                          $1,520,980
    Convertible debentures - related parties - current portion           400,000
    Convertible debentures - current portion                             931,677
    Due to shareholder                                                   100,967
    Notes payable to stockholders                                        143,010
                                                                     -----------
      Total current liabilities                                        3,096,634

Long-term liabilities
    Convertible debentures - long-term portion                                --
                                                                     -----------

Total liabilities                                                      3,096,634

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                                               (3,682,850)
                                                                     -----------
      Total stockholders' deficit                                     (3,096,634)
                                                                     -----------

Total liabilities and stockholders' deficit                          $        --
                                                                     ===========
</TABLE>

            See Accompanying Notes to Condensed Financial Statements


                                       4
<PAGE>

                      LITE KING CORPORATION
                CONDENSED STATEMENTS OF OPERATIONS
                           (UNAUDITED)


<TABLE>
<CAPTION>

                                           For the three months ended September 30,
                                           ---------------------------------------
                                                    2006                2005
                                            -----------------    -----------------
<S>                                         <C>                  <C>

Revenues                                    $              --    $              --
                                            -----------------    -----------------

Cost of revenues                                           --                   --
                                            -----------------    -----------------

    Gross profit (loss)                                    --                   --

Operating expenses
    General and administrative                          5,370                3,000
                                            -----------------    -----------------
      Total operating expenses                          5,370                3,000
                                            -----------------    -----------------

    Loss from operations                               (5,370)              (3,000)

Other expense
    Interest expense                                  (25,758)             (25,937)
                                            -----------------    -----------------
      Total other expense                             (25,758)             (25,937)

Net loss                                    $         (31,128)   $         (28,937)
                                            =================    =================

Basic and diluted loss per common share     $           (0.00)   $           (0.00)
                                            =================    =================

Basic and diluted weighted average common
    shares outstanding                             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 three months ended September 30,
                                                               ----------------------------------------
                                                                      2006               2005
                                                               ----------------        ----------------
<S>                                                            <C>                     <C>
Cash flows from operating activities:
    Net loss                                                   $        (31,128)       $        (28,937)

    Adjustments to reconcile net 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                           31,128                  28,937
                                                               ----------------        ----------------
         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 is 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 is 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  $31,000
      for the three  months ended  September  30, 2006.  The  Company's  current
      liabilities  exceed its current assets by  approximately  $3,100,000 as of
      September 30, 2006. The Company  ceased  operations in October 2002 and is
      considered to be a public shell.

      Management's plan is to locate an operating company to acquire.

      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 September 30, 2006 and 2005.

      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  September 30, 2006,  Cornell
      Capital  Partners,  a significant  shareholder,  has provided funds to pay
      professional fees in the amount of approximately  $101,000.  The funds are
      unsecured, non-interest bearing and due on demand.

      Note payable to stockholders - As of September 30, 2006, the Company has a
      note payable  totaling  $143,010 due to two  principal  stockholders,  Mr.
      Wally Pennington and Mr. Robert  Personett,  the Company's former officers
      and directors,  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  was 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  will  have 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 two  dollars  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,  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  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 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 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. 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  September  30,  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,  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  September  30,  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 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.  Furthermore,  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  future  issuance
      related to the Credit  Agreement.  The term of the  Credit  Agreement  was
      thirty-six  months  beginning  on the  date  the SEC  declares  that  SB-2
      effective and subject to termination at the sole discretion of the Company
      and subject to certain events. Credit Agreement is no longer available.

                                       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 (See Note 3). 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 share exchange 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  bard 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
Agreement  called for a shareholder  meeting to be called 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 the name  National  Cabling  continued  operations  as
National  Cabling 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 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 Credit Agreement (the "Equity Line") with Cornell Capital
Partners,  LP is no longer available to the Company at this time. The Company is
considered to be a public shell.


Financial Performance

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


                                       10
<PAGE>

Results of Operations For the Three Months Ended September 30, 2006, As Compared
To The Three Months Ended September 30, 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 September 30, 2006 and 2005,
we had operating expenses of approximately  $5,400 and $3,000  respectively,  an
increase of 2,400 or 80%.

      Interest Expense.  For the three months ended September 30, 2006 and 2005,
we had interest expense of approximately $26,000 in each period.

      Net Loss. For the three months ended September 30, 2006, we had a net loss
of   approximately   $31,000  as  compared  to  total   operating   expenses  of
approximately $29,000 for the three months ended September 30, 2005, an increase
of $2,000 or 7%.


LIQUIDITY AND CAPITAL RESOURCES

      The  Company  incurred a net loss of  approximately  $31,000 for the three
months ended September 30, 2006. The Company has no cash on hand as of September
30, 2006.  The  Company's  current  liabilities  exceeded our current  assets by
approximately $3,100,000 as of September 30, 2006.

Related Party Transactions

      Due to  stockholder  - As of September 30, 2006,  the Company's  principal
stockholder has advanced approximately $101,000 to the Company.

      Note payable to stockholders - As of September 30, 2006, the Company has a
note payable  totaling  $143,010 due to two  principal  stockholders,  Mr. Wally
Pennington  and  Mr.  Robert  Personett,   the  Company's  former  officers  and
directors,  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  was 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 the debentures will have 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 holders
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 two dollars per share or
higher for five  consecutive  trading  days.  The  debentures  are  currently in
default.

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.

                                       11
<PAGE>

      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  14,  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 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.  Furthermore,  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  future  issuance  related  to  the  Credit
Agreement.  The term of the Credit Agreement was thirty-six  months beginning on
the date the SEC declares that SB-2  effective and subject to termination at the
sole discretion of the Company and subject to certain events.  Credit  Agreement
is no longer available.

      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  (See Note 3). 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 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 Credit Agreement (the "Equity Line") with Cornell Capital
Partners,  LP 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.

                                       12
<PAGE>

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

      On March 16, 2001, Lite King merged with National Cabling  Services,  Inc.
in a reverse  acquisition.  In  consideration of receiving all of the issued and
outstanding  shares of National Cabling,  Lite King issued 5,149,029  restricted
shares of common stock to the  shareholders of National  Cabling.  Lite King had
2,484,646  shares issued and  outstanding  prior to the merger.  For the quarter
ended  September  30,  2006 we had a net loss of  approximately  $31,100.  As of
September 30, 2006, the Company had an accumulated deficit of $3,682,850.

      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 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  September  30,  2006  Were Not  Sufficient  To  Satisfy  Our  Current
Liabilities

      We  had a  working  capital  deficit  of  approximately  $3,097,000  as of
September  30, 2006,  which means that our current  liabilities  as of that date
exceeded our current  assets by  approximately  $3,097,000.  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 September 30, 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 if we don't
acquire an operating company .

      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.
This would force us to cease our operations as we are in default.

      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.

                                       13
<PAGE>

Subsequent Event

      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.

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  first  fiscal  quarter  ended  September  30,  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.

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.


                                       14
<PAGE>


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:   January 10, 2007                LITE KING CORPORATION

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


                                       15