UNITED
      STATES


SECURITIES
      AND EXCHANGE COMMISSION


Washington,
      DC 20549





FORM
      10-QSB


[X]
              Quarterly
                  Report pursuant to Section 13 or 15(d) of the Securities Exchange
                  Act of
                  1934For
                  the quarterly period endedSeptember
                  30, 2005[   ]
              Transition
                  Report pursuant to 13 or 15(d) of the Securities Exchange Act of
                  1934For
                  the transition period __________to
                  __________Commission
                  File Number:000-31631


Trans
      Max Technologies, Inc.


(Exact
      name of small business issuer as specified in its charter)


Nevada
              42-1599830(State
                  or other jurisdiction of incorporation or organization)
              (IRS
                  Employer Identification No.)




One
                  World Trade Center
                121
                  S.W. Salmon Street, Suite 1100
                Portland,
                  Oregon 97204(Address
                  of principal executive offices)
 
 (503)
                  471-1376(Issuer’s
                  telephone number)
 
 Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
      (or
      for such shorter period that the issuer was required to file such reports),
      and
      (2) has been subject to such filing requirements for the past 90 days [X] Yes
      [   ] No


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





State
      the
      number of shares outstanding of each of the issuer’s classes of common stock, as
      of the latest practicable date: 59,445,024 common shares as of September 30,
      2005





Transitional
      Small Business Disclosure Format (check one): Yes [   ] No
      [X]





***Table
          of Contents***








**TABLE
                OF CONTENTS**
            PagePART
                I - FINANCIAL INFORMATIONItem
                1:
            Financial
                Statements
            3Item
                2:
            Plan
                of Operation
            4Item
                3:
            Controls
                and Procedures
            7PART
                II - OTHER INFORMATIONItem
                1:
            Legal
                Proceedings
            9Item
                2:
            Unregistered
                Sales of Equity Securities and Use of
                Proceeds
            9Item
                3:
            Defaults
                Upon Senior Securities
            9Item
                4:
            Submission
                of Matters to a Vote of Security
                Holders
            9Item
                5:
            Other
                Information
            9Item
                6:
            Exhibits
            9


2
 ***Table
          of Contents***


**PART
      I - FINANCIAL INFORMATION**





**Item
      1.**  **Financial
      Statements**





Our
      unaudited condensed
      consolidated financial statements included in this Form 10-QSB are as
      follows:


(a)
              Unaudited
                  Condensed Consolidated Balance Sheet as of September 30,
                  2005.
              F-1(b)
              Unaudited
                  Condensed Consolidated Statements of Operations for the three and
                  nine
                  month periods ended September 30, 2005 and 2004;
              F-2(c)
              Unaudited
                  Condensed Consolidated Statements of Cash Flows for the nine months
                  ended
                  September 30, 2005 and 2004; and
              F-3(d)
              Notes
                  to Unaudited Consolidated Financial Statements
              F-4




These
      unaudited condensed consolidated financial statements have been prepared in
      accordance with accounting principles generally accepted in the United States
      of
      America for interim financial information and the SEC instructions to Form
      10-QSB. In the opinion of management, all adjustments considered necessary
      for a
      fair presentation have been included. Operating results for the interim period
      ended September 30, 2005 are not necessarily indicative of the results that
      can
      be expected for the full year.


3
 ***Table
          of Contents***




**TRANS
      MAX TECHNOLOGIES, INC.CONDENSED CONSOLIDATED BALANCE SHEETSEPTEMBER 30,
      2005(UNAUDITED)**





**ASSETS**Current
                Asset:Cash
                and cash equivalents
            
            $
            215Total
                Current Asset
            
            
            215Receivable
                from affiliates
            
            
            301,339Property
                and equipment, net
            
            
            1,506,005**TOTAL
                ASSETS**
            
            $
            1,807,559**LIABILITIES
                AND STOCKHOLDERS' (DEFICIT)****LIABILITIES**Current
                Liabilities:Accounts
                payable and accrued expenses
            
            $
            1,605,758Notes
                payable to stockholders
            
            
            802,746Total
                Current Liabilities
            
            
            2,408,504**Total
                Liabilities**
            
            
            2,408,504**STOCKHOLDERS'
                (DEFICIT)**Preferred
                stock, $.001 Par Value; 10,000,000 shares authorizedno
                shares issued and outstanding
            
            
            -Common
                stock, $.001 Par Value; 500,000,000 shares authorized59,445,024
                shares issued and outstanding
            
            
            59,445Additional
                paid-in capital
            
            
            7,499,488Accumulated
                deficit
            
            
            (8,159,878
            )**Total
                Stockholders' (Deficit)**
            
            
            (600,945
            )**TOTAL
                LIABILITIES AND STOCKHOLDERS' (DEFICIT)**
            
            $
            1,807,559




The
      accompanying notes are an integral part of these condensed consolidated
      financial statements.





F
          -
          1
 ***Table
          of Contents***


**TRANS
        MAX TECHNOLOGIES, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFOR
        THE NINE AND THREE MONTHS ENDED SEPTEMBER 30, 2005 AND
        2004(UNAUDITED)**


**NINE
                    MONTHS ENDED**
                
                **THREE
                    MONTHS ENDED****SEPTEMBER
                    30,**
                
                **SEPTEMBER
                    30,****2005**
                
                **2004**
                
                **2005**
                
                **2004****OPERATING
                    REVENUES**Sales
                
                $
                -
                
                $
                -
                
                $
                -
                
                $
                -**COST
                    OF SALES**
                
                
                -
                
                
                -
                
                
                -
                
                
                -**GROSS
                    PROFIT (LOSS)**
                
                
                -
                
                
                -
                
                
                -
                
                
                -**OPERATING
                    EXPENSES**General
                    and administrative expenses
                
                
                52,404
                
                
                6,747
                
                
                13,122
                
                
                -Research
                    and development
                
                
                -
                
                
                1,255,181
                
                
                -
                
                
                140,790Depreciation
                    and amortization
                
                
                4,191
                
                
                2,894
                
                
                1,397
                
                
                2,221**Total
                    Operating Expenses**
                
                
                56,595
                
                
                1,264,822
                
                
                14,519
                
                
                143,011**NET
                    (LOSS) BEFORE OTHER (EXPENSES)**
                
                
                (56,595
                )
                
                (1,264,822
                )
                
                (14,519
                )
                
                (143,011
                )**OTHER
                    (EXPENSES)**Impairment
                
                
                -
                
                
                (6,089,420
                )
                
                -
                
                
                (5,267,000
                )Interest
                    expense
                
                
                (37,594
                )
                
                (19,226
                )
                
                (13,599
                )
                
                (286
                )**Total
                    Other Expenses**
                
                
                (37,594
                )
                
                (6,108,646
                )
                
                (13,599
                )
                
                (5,267,286
                )**NET
                    (LOSS) APPLICABLE TO COMMON SHARES**
                
                $
                (94,189
                )
                $
                (7,373,468
                )
                $
                (28,118
                )
                $
                (5,410,297
                )**WEIGHTED
                    AVERAGE NUMBER OF COMMON****SHARES
                    OUTSTANDING**
                
                
                59,445,024
                
                
                8,450,111
                
                
                59,445,024
                
                
                23,138,210**NET
                    (LOSS) PER COMMON SHARE**
                
                $
                (0.00
                )
                
                (0.87
                )
                $
                (0.00
                )
                
                (0.23
                )




The
        accompanying notes are an integral part of these condensed consolidated
        financial statements.


F
          -
          2
 ***Table
          of Contents***


TRANS
      MAX
      TECHNOLOGIES, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWFOR THE
      SIX MONTHS ENDED SEPTEMBER 30, 2005 AND
      2004(UNAUDITED)


**2005**
              
              **2004****CASH
                  FLOWS FROM OPERATING ACTIVITIES**Net
                  (loss)
              
              $
              (94,189
              )
              $
              (7,373,468
              )Adjustments
                  to reconcile net (loss) to net cashprovided
                  by (used in) operating activitiesDepreciation
              
              
              4,191
              
              
              2,894Imputed
                  interest expense
              
              
              37,594
              
              
              16,179Common
                  stock issued for services
              
              
              -
              
              
              113,851Impairment
              
              
              -
              
              
              6,089,024**Changes
                  in assets and liabilities**Decrease
                  in accounts receivable
              
              
              -
              
              
              26,385Decrease
                  in inventory
              
              
              -
              
              
              40,940Decrease
                  in other current assets
              
              
              -
              
              
              23,881Decrease
                  in other assets
              
              
              -
              
              
              163,250Increase
                  in accounts payable
              
              
              7,500
              
              
              1,551,444Total
                  adjustments
              
              
              49,285
              
              
              8,027,848**Net
                  cash provided by (used in) operating activities**
              
              
              (44,904
              )
              
              654,380**CASH
                  FLOWS FROM INVESTING ACTIVITIES**Purchase
                  of property and equipment
              
              
              -
              
              
              (1,900,707
              )Decrease
                  (Increase) in receivable from affiliates, net
              
              
              13,000
              
              
              (284,445
              )**Net
                  cash provided by (used in) investing activities**
              
              
              13,000
              
              
              (2,185,152
              )**CASH
                  FLOWS FROM FINANCING ACTIVITIES**Proceeds
                  from notes payable to stockholders
              
              
              32,050
              
              
              655,297Cash
                  contributed by stockholders
              
              
              -
              
              
              867,594**Net
                  cash provided by financing activities**
              
              
              32,050
              
              
              1,522,891**NET
                  INCREASE (DECREASE) IN****CASH
                  AND CASH EQUIVALENTS**
              
              
              146
              
              
              (7,881
              )**CASH
                  AND CASH EQUIVALENTS -****BEGINNING
                  OF PERIOD**
              
              
              69
              
              
              9,259**CASH
                  AND CASH EQUIVALENTS - END OF PERIOD**
              
              $
              215
              
              $
              1,378**CASH
                  PAID DURING THE PERIOD FOR:**Cash
                  paid during the period for interest
              
              $
              -
              
              $
              19,226**SUPPLEMENTAL
                  DISCLOSURE OF NONCASH****ACTIVITIES:**Common
                  stock issued for services
              
              $
              -
              
              $
              113,851Common
                  stock issued for intangible assets and goodwill
              
              $
              -
              
              $
              5,267,000Imputed
                  interest expense contributed to additional
              
              $
              37,594
              
              $
              271,519paid-in
                  capital




The
        accompanying notes are an integral part of these condensed consolidated
        financial statements.


F
          -
          3
 ***Table
          of Contents***


**TRANS
        MAX TECHNOLOGIES, INC.**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **SEPTEMBER
        30, 2005 AND 2004**
 **(UNAUDITED)**


NOTE
        1-ORGANIZATION
        AND BASIS OF PRESENTATION
 
 The
        condensed unaudited interim financial statements included herein have been
        prepared, without audit, pursuant to the rules and regulations of the Securities
        and Exchange Commission. The condensed financial statements and notes are
        presented as permitted on Form 10-QSB and do not contain information included
        in
        the Company’s annual statements and notes. Certain information and footnote
        disclosures normally included in financial statements prepared in accordance
        with accounting principles generally accepted in the United States of America
        have been condensed or omitted pursuant to such rules and regulations, although
        the Company believes that the disclosures are adequate to make the information
        presented not misleading. It is suggested that these condensed financial
        statements be read in conjunction with the December 31, 2004 audited financial
        statements and the accompanying notes thereto. While management believes
        the
        procedures followed in preparing these condensed financial statements are
        reasonable, the accuracy of the amounts are in some respects dependent upon
        the
        facts that will exist, and procedures that will be accomplished by the Company
        later in the year.
 
 These
        condensed unaudited financial statements reflect all adjustments, including
        normal recurring adjustments which, in the opinion of management, are necessary
        to present fairly the operations and cash flows for the periods
        presented.
 
 Perma-Tune
        Electronics, Inc. ("Perma-Tune") was incorporated in 1993 in the state of
        Texas. The Company designs and manufactures high performance electronic
        ignition systems for distribution throughout the United States, Canada, and
        Europe. On July 21, 2003, Perma-Tune acquired 100% of the issued and
        outstanding stock of Trans Max Technologies, Inc. ("Trans Max"), a Nevada
        corporation, in exchange for 15,177,300 shares of Perma-Tune's common stock
        (pre
        2 for 1, 6 for 1 and 1 for 200 stock splits), 910,638 post split. As a
        result of this acquisition, the control of Perma-Tune shifted to the former
        shareholders of Trans Max and this transaction was treated as a
        recapitalization. As a part of this recapitalization, Perma-Tune
        Electronics, Inc. changed its name to Trans Max Technologies, Inc. (the
        "Company").
 
 NOTE
        2-SUMMARY
        OF SIGNIFICANT ACCOUNTING POLICIES
 
 **Cash
        Equivalents**
 
 For
        purposes of the consolidated statements of cash flows, the Company considers
        all
        highly liquid debt instruments purchased with an original maturity of three
        months or less to be cash equivalents.
   F
            -
            4
 ***Table
            of Contents***
 ****TRANS
          MAX TECHNOLOGIES, INC.****NOTES
          TO CONDENSED CONSOLIDATED FINANCIAL
          STATEMENTS****
 ****(CONTINUED)****SEPTEMBER
          30, 2005 AND 2004****(UNAUDITED)****
   NOTE
        2-SUMMARY
        OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED
 
 **Management
        Estimates**
 
 The
        preparation of consolidated 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 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.
 
 **Revenue
        Recognition**
 
 The
        Company recognizes revenue when persuasive evidence of an arrangement exists,
        delivery has occurred, the sales price is fixed or determinable and
        collectibility is probable. Generally, these criteria are met at the time
        product is shipped. The Company provides for the estimated cost of product
        warranties upon shipment. The Company has a no return policy and has had no
        returns in the last two years. Shipping and handling costs are included in
        cost
        of goods sold.
 
 **Research
        And Development**
 
 Research
        and development activities are expensed as incurred, including costs relating
        to
        patents or rights, which may result from such expenditures.
 
 **Principles
        Of Consolidation**
 
 The
        consolidated financial statements include the accounts of the Company and
        its
        wholly owned subsidiary. All significant inter-company accounts and transactions
        have been eliminated.
 
 **Concentrations
        Of Credit Risk**
 
 Financial
        instruments, which subject the Company to concentration of credit risk include
        cash and cash equivalents and account receivables. The Company maintains
        its
        cash and cash equivalents with major financial institutions selected based
        upon
        management's assessment of the banks' financial stability. Balances
        periodically exceed the $100,000 federal depository insurance limit. The
        Company
        has not experienced any losses on deposits.
 
 F
            -
            5
 ***Table
            of Contents***
 **TRANS
          MAX TECHNOLOGIES, INC.**
 **NOTES
          TO CONDENSED CONSOLIDATED FINANCIAL
          STATEMENTS(C0NTINUED)**
 **SEPTEMBER
          30, 2005 AND 2004**
 **(UNAUDITED)**
 
 
 **NOTE
            2-** **SUMMARY
            OF SIGNIFICANT ACCOUNTING POLICIES
            (CONTNUED)**
 
 **Property
        And Equipment**
 
 Property
        and equipment is stated at cost. Depreciation is computed using the
        straight-line method over the estimated useful lives of three to seven years
        for
        office furniture and equipment. Leasehold improvements are depreciated over
        the shorter of the useful life of the improvement or the life of the related
        lease. Additions or improvements that increase the value or extend the life
        of
        an asset are capitalized. Expenditures for normal maintenance and repairs
        are
        expensed as incurred. Disposals are removed from the accounts at cost less
        accumulated depreciation and any gain or loss from disposition is reflected
        in
        operations currently.
 
 **Income
        Taxes**
 
 The
        Company uses the liability method in accounting for income taxes. Under this
        method, deferred tax assets and liabilities are determined based on differences
        between financial reporting and income tax carrying amounts of assets and
        liabilities and are measured using the enacted tax rates and laws that will
        be
        in effect when the differences are expected to reverse. A valuation
        allowance, if necessary, is provided against deferred tax assets, based upon
        management's assessment as to their realization.
 
 The
        difference between the 34% federal statutory income tax rate and amounts
        shown
        in the accompanying interim financial statements is primarily attributable
        to an
        increase in the valuation allowance applied against the tax benefit from
        utilization of net operating loss carry forwards.
 
 **Impairment
        Of Long-Lived Assets**
 
 In
        the event facts and circumstances indicate the carrying value of a long-lived
        asset, including associated intangibles, may be impaired, an evaluation of
        recoverability is performed by comparing the estimated future undiscounted
        cash
        flows associated with the asset to the asset's carrying amount to determine
        if a
        write-down to market value or discounted cash flow is required. Based upon
        management's evaluation, an impairment write-down of some of the Company's
        assets was deemed necessary in the amount of $0 and $6,089,420 for the nine
        months ended September 30, 2005 and 2004 respectively. The impairment was
        recorded for the investment made for the intangible assets purchased from
        Bogner
        Industries that was deemed worthless. The Company accounts for its impairment
        in
        accordance with FASB 142, “Goodwill and Other Intangible Assets.”
  
 F
            -
            6
 ***Table
            of Contents***
  **TRANS
            MAX TECHNOLOGIES, INC.**
 **NOTES
            TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(CONTINUED)**
 **SEPTEMBER
            30, 2005 AND 2004**
 **(UNAUDITED)**
 **NOTE
            2-** **SUMMARY
            OF SIGNIFICANT ACCOUNTING POLICIES
            (CONTNUED)**
 
 **Fair
        Value Of Financial Instruments**
 
 The
        Company includes fair value information in the notes to the consolidated
        financial statements when the fair value of its financial instruments is
        different from the book value. When the book value approximates fair value,
        no additional disclosure is made.
 
 **Reclassifications**
 
 Certain
        amounts for the nine months ended September 30, 2004 have been reclassified
        to
        conform to the presentation of the September 30, 2005 amounts. The
        reclassifications have no effect on the net income for the nine months ended
        September 30, 2004.
 
 **Loss
        Per Share**
 
 Basic
        and diluted loss per share is computed on the basis of the weighted average
        number of shares of common stock outstanding during each period. Common
        equivalent shares from common stock options and warrants are excluded from
        the
        computation, as their effect would dilute the loss per share for all periods
        presented.
 
 
 The
        following is a reconciliation of the computation for basic and diluted EPS
        for
        the nine months ended September 30:
 2005
                
                2004Net
                    (Loss)
                
                $
                (94,189
                )
                $
                (7,373,468
                )Weighted-average
                    common sharesoutstanding
                    (Basic)
                
                
                59,445,024
                
                
                8,450,111Weighted-average
                    common sharesequivalents:Stock
                    Options
                
                
                -
                
                
                -Warrants
                
                
                -
                
                
                -Weighted-average
                    common sharesoutstanding
                    (Diluted)
                
                
                59,445,024
                
                
                8,450,111
  The
        Company has no potentially dillutive securities, such as options or warrants,
        currently issued and outstanding.
 
 F
            -
            7
 ***Table
            of Contents***
  **TRANS
            MAX TECHNOLOGIES, INC.**
 **NOTES
            TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 (CONTINUED)
 **SEPTEMBER
            30, 2005 AND 2004**
 **(UNAUDITED)**
 
 
 **NOTE
            2-** **SUMMARY
            OF SIGNIFICANT ACCOUNTING POLICIES
            (CONTNUED)**
 
 **Recent
        Accounting Pronouncements**
  On
        December 16, 2004, the Financial Accounting Standards Board (“FASB”) published
        Statement of Financial Accounting Standards No. 123 (Revised 2004),
“ *Share-Based
        Payment* ”
        (“SFAS 123R”). SFAS 123R requires that compensation cost related to share-based
        payment transactions be recognized in the financial statements. Share-based
        payment transactions within the scope of SFAS 123R include stock options,
        restricted stock plans, performance-based awards, stock appreciation rights,
        and
        employee share purchase plans. The provisions of SFAS 123R, as amended, are
        effective for small business issuers beginning as of the next fiscal year
        after
        December 15, 2005. Accordingly, the Company will implement the revised standard
        in the first quarter of fiscal year 2006. Currently, the Company accounts
        for
        its share-based payment transactions under the provisions of APB 25, which
        does
        not necessarily require the recognition of compensation cost in the financial
        statements (note 3(e)). Management is assessing the implications of this
        revised
        standard, which may materially impact the Company’s results of operations in the
        first quarter of fiscal year 2006 and thereafter.
  In
        November 2004, the FASB issued Financial Accounting Standards No. 151 (FAS
        151),
“ *Inventory
        Costs - an amendment of ARB No. 43, Chapter 4* ”.
        FAS 151 clarifies the accounting for abnormal amounts of idle facility expense,
        freight, handling costs and spoilage. In addition, FAS 151 requires companies
        to
        base the allocation of fixed production overhead to the costs of conversion
        on
        the normal capacity of production facilities. FAS 151 is effective for the
        Company in 2006. The Company does not expect FAS 151 to have a material impact
        on its results or financial statements.
 
 On
        December 16, 2004, FASB issued Statement of Financial Accounting Standards
        No.
        153, “ *Exchanges
        of Non-monetary Assets, an amendment of APB Opinion No. 29, Accounting for
        Non-monetary Transactions* ”
        (" SFAS 153"). This statement amends APB Opinion 29 to eliminate the exception
        for non-monetary exchanges of similar productive assets and replaces it with
        a
        general exception for exchanges of non-monetary assets that do not have
        commercial substance. Under SFAS 153, if a non-monetary exchange of similar
        productive assets meets a commercial-substance criterion and fair value is
        determinable, the transaction must be accounted for at fair value resulting
        in
        recognition of any gain or loss. SFAS 153 is effective for non-monetary
        transactions in fiscal periods that begin after June 15, 2005. The Company
        does
        not anticipate that the implementation of this standard will have a material
        impact on its financial position, results of operations or cash
        flows.
   F
            -
            8
 ***Table
            of Contents***
 **TRANS
              MAX TECHNOLOGIES, INC.**
 **NOTES
              TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 (CONTINUED)
 **SEPTEMBER
              30, 2005 AND 2004**
 **(UNAUDITED)**
 **NOTE
        3-** **LIQUIDITY**
 
 For
        the nine months ended September 30, 2005, the Company had a net loss of
        ($94,189) and ($7,373,468) for the same period in 2004. For the nine months
        ended September 30, 2005 and 2004, the Company had $44,904 negative cash
        flow
        and $654,380 positive cash flows from operations, respectively. The Company
        has been dependent on additional capital contributions from shareholders
        and
        debt financing to fund its cash requirements.
 
 To
        assist with funding its operations, the Company's majority stockholders
        contributed additional paid-in capital of $0 for the nine months ended September
        30, 2005 and $867,594 for the nine months ended September 30, 2004. The
        Company's majority stockholders contributed additional loans of $32,050 and
        $655,297 during the nine months ended September 30, 2005 and 2004, respectively.
        During 2005 and beyond the Company will require additional
        capital. Although the current majority stockholders of the Company have
        made a verbal commitment, with no guarantee, to continue to fund the research
        and development and sales and marketing efforts of the Company in 2005 if
        alternate financing cannot be obtained, there can be no assurance that any
        new
        capital would be available to the Company or that adequate funds for the
        Company's operations, whether from the Company's revenues, financial markets,
        or
        other arrangements will be available when needed or on terms satisfactory
        to the
        Company. The failure of the Company to obtain adequate additional financing
        may
        require the Company to delay, curtail, or scale back some or all of its research
        and development programs, sales and marketing efforts, and manufacturing
        operations.
 
 **NOTE
        4-** **PROPERTY
        AND EQUIPMENT**
  Property
        and equipment, at September 30, 2005, consist of the following:
 Machinery
                    and equipment
                
                $
                14,734Water
                    air machine
                
                
                1,500,000Less
                    accumulated depreciation
                
                
                (8,729
                )Property
                    and equipment, net
                
                $
                1,506,005
  Depreciation
        expense was $4,191 and $2,894 for the nine months ended September 30, 2005
        and
        2004, respectively. Leasehold improvements of $822,420 were written-off as
        the building in Ronkonkoma, New York was abandoned. The Company acquired
        the
        water air machine for cash of $10,300 and currently owes $1,489,700. There
        is no
        formal note agreement on this machine.
 
 
 F
            -
            9
 ***Table
            of Contents***
 **TRANS
              MAX TECHNOLOGIES, INC.**
 **NOTES
              TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 (CONTINUED)
 **SEPTEMBER
              30, 2005 AND 2004**
 **(UNAUDITED)**
  
 **NOTE
        5-** **NOTES
        PAYABLE TO STOCKHOLDERS**
 
 Notes
        payable to stockholders at September 30, 2005 consisted of the
        following:
 
 Note
        payable to a stockholder bearing interest at 10% per year with interest payments
        due quarterly and the principal due on demand. This note is collateralized
        by
        inventory. The balance at September 30, 2005 was $40,000.
 
 Note
        payable to two stockholders and current employees of the Company bearing
        interest at 10% per year with all interest and principal due June 28, 2004
        with
        the option to renew the note for 30 day interval periods. The note is not
        collateralized. The balance at September 30, 2005 was $23,400
 
 Note
        payable to a stockholder and former officer/director of the Company. There
        is no formal note agreement. The note bears no interest; however, interest
        is imputed at the prime rate and the outstanding principal balance is due
        on
        demand. The note is not collateralized. The balance at September 30, 2005
        was $640,270
 
 Note
        payable to a majority stockholder of the Company. There is no formal note
        agreement. The note bears no interest; however, interest is imputed at the
        prime rate and the outstanding principal balance is due on demand. The note
        is not collateralized. The balance at September 30, 2005 was
        $99,076.
 
 **NOTE
        6-** **STOCKHOLDERS
        EQUITY (DEFICIT)**
 
 In
        connection with the Company's recapitalization (See Note 1), the Company
        filed
        amended articles of incorporation that changed the authorized shares the
        Company
        is able to issue to 500,000,000 shares of common stock with a par value of
        $0.001 per share. Since the Company's common stock did not previously have
        a stated par value, common stock for all periods presented has been restated
        to
        reflect the par value of $0.001 per share.
 
 The
        Company's articles of incorporation also authorize the issuance of up to
        10,000,000 shares of preferred stock with characteristics determined by the
        Company's board of directors. As of September 30, 2005, the Company has not
        issued any preferred stock.
 
 
 F
            -
            10
 
 **TRANS
          MAX TECHNOLOGIES, INC.** **NOTES
          TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS** (CONTINUED) **SEPTEMBER
          30, 2005 AND 2004** **(UNAUDITED)**
 
 **NOTE
        6-** **STOCKHOLDERS
        EQUITY (DEFICIT) (Continued)**
 
 Effective
        March 12, 2004 the Company's board of directors approved a six for one forward
        split of the Company's stock. As a result, 184,263,395 shares were issued
        to the stockholders of the Company. Par value of the stock remained at
        $0.001 per share and, accordingly, $184,263 was transferred from additional
        paid-in capital to common stock. The effect of this stock split was
        recorded retroactively in the December 31, 2003 audited financial statements
        and, accordingly, all references to the number of common shares and per common
        share amounts have been restated to give retroactive effect to the stock
        split
        for all periods presented in these financial statements.
 
 On
        May
        12, 2004, the Company issued 500 shares restricted shares to a consulting
        firm
        for the introduction of business opportunities. The cost associated with
        this issuance has been charged to consulting expense in the second
        quarter.
 
 On
        May
        25, 2004, Eastern Business Associates, Inc., Balboa Group, Inc., and Financial
        Investors, Inc. each acquired 43,002,350 shares of the Company’s stock or 19.4%
        of the outstanding shares resulting in a change in control of the Company.
        All
        three companies have the same Managing Director.
 
 On
        July
        20, 2004, the Board of Directors adopted a resolution authorizing and approving
        a 200 to 1 reverse stock split with the effective date of August 9, 2004
        and the
        trading symbol of the Company was changed to TMAX.
 
 On
        August
        24, 2004, the Company entered into an Agreement with Groupo Aquinas SA whereby
        Groupo Aquinas SA assigned to the Company all the marketing and purchasing
        rights to water making technologies together with all related intellectual
        properties, including a Water Air Machine (WAM), which produces large quantities
        of drinkable water from the air at a low cost, in exchange for 50,000,000
        shares of common stock of the Company and $1,500,000 of which $10,300 was
        paid
        during 2004. The certificates will bear the appropriate 2-year restrictive
        legend. This issuance of stock changes the control of the Company to Groupo
        Aquinas SA, a company with the same Managing Director as the three former
        control companies.
 
 The
        Company in the third quarter also issued 7,911,350 shares of common stock
        for
        services valued at $43,512.
 
 The
        Company in the third quarter converted $271,519 in notes payable to 271,519
        common shares of stock.
  F
            -
            11
 ***Table
            of Contents***
  **TRANS
            MAX TECHNOLOGIES, INC.**
 **NOTES
            TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 (CONTINUED)
 **SEPTEMBER
            30, 2005 AND 2004**
 **(UNAUDITED)**
 
 
 **NOTE
        6-** **STOCKHOLDERS
        EQUITY (DEFICIT) (Continued)**
 
 During
        the year 2004, the Company issued 42,499 shares of common stock in connections
        with various employment agreements.
 
 The
        Company did not issue any shares for the nine months ended September 30,
        2005.
 
 **NOTE
        7-** **RELATED
        PARTY TRANSACTIONS**
 
 The
        Company has entered into four note payable agreements with certain individual
        stockholders (See Note 5). Imputed interest on these notes totaled $23,995,
        which were contributed to capital and included in additional paid-in
        capital. The Company has a license agreement with its Chief Scientist for
        its ignition system product line whereby it has acquired all of his rights
        to
        patents, trademarks, technical information and trade secrets through November
        30, 2021 by payment of a yearly license fee of $1,000.
 
 In
        November 2003, the Company agreed to provide a $1.5 million line of credit
        to
        provide products and services to Axial Vector Engine Corporation (formerly
        Aero
        Marine Engine, Inc.), a company owned by the majority stockholders of the
        Company. Pursuant to the agreement between the Company and Axial Vector
        Engine Corporation for every $2 paid to the Company by Axial Vector, the
        Company
        will extend $1 of credit, up to a maximum of $1.5 million dollars. As of
        September 30, 2005, the Company has not advanced any money under this
        agreement.  At September 30, 2005, the Company had a receivable from Axial
        Vector of $311,339. These advances were made in connection with relocating
        this
        affiliated company to Ronkonkoma, New York and funding this affiliated company’s
        payroll.
 
 **NOTE
        8-** **PROVISION
        FOR INCOME TAXES**
 
 Deferred
        income taxes will be determined using the liability method for the temporary
        differences between the financial reporting basis and income tax basis of
        the
        Company’s assets and liabilities. Deferred income taxes will be measured based
        on the tax rates expected to be in effect when the temporary differences
        are
        included in the Company’s consolidated tax return. Deferred tax assets and
        liabilities are recognized based on anticipated future tax consequences
        attributable to differences between financial statement carrying amounts
        of
        assets and liabilities and their respective tax bases.








F
          -
          12
 ***Table
          of Contents***
 **TRANS
              MAX TECHNOLOGIES, INC.**
 **NOTES
              TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 (CONTINUED)
 **SEPTEMBER
              30, 2005 AND 2004**
 **(UNAUDITED)**


**NOTE
        8-** **PROVISION
        FOR INCOME TAXES (Continued)**
 
 At
        September 30, 2005, deferred tax assets consist of the following:
 Deferred
                    tax asset
                
                $
                732,989Less:
                    valuation allowance
                
                
                (732,989
                )$
                -0-
 
 At
        September 30, 2005, the Company had an accumulated deficit in the approximate
        amount of $2,155,800 available to offset future taxable income through 2024.
        The
        Company established valuation allowances equal to the full amount of the
        deferred tax assets due to the uncertainty of the utilization of the operating
        losses in future periods.
 
 **NOTE
        9-** **GOING
        CONCERN**
 
 As
        shown
        in the accompanying consolidated financial statements, the Company incurred
        substantial net losses for the nine months ended September 30, 2005 and for
        the
        years ended December 31, 2004 and 2003. There is no guarantee whether the
        Company will be able to generate enough revenue and/or raise capital to support
        those operations. This raises substantial doubt about the Company’s ability to
        continue as a going concern.
 
 The
        Company’s future success is dependent upon its ability to achieve profitable
        operations and generate cash from operating activities, and upon additional
        financing. There is no guarantee that the Company will be able to raise enough
        capital or generate revenues to sustain its operations. Management believes
        they
        can raise the appropriate funds needed to support their business plan and
        acquire an operating, cash flow positive company.
 
 The
        condensed consolidated financial statements do not include any adjustments
        relating to the recoverability or classification of recorded assets and
        liabilities that might result should the Company be unable to continue as
        a
        going concern.
 
 **NOTE
        10-** **BANKRUPTCY**
 
 On
        September 8, 2005, Trans Max Technologies, Inc. filed a voluntary petition
        for
        relief under Chapter 11 of the United State Bankruptcy Code in the United
        States
        Bankruptcy Court for the District of Nevada, Case No. 05- 19263. The Company
        will continue to operate their business as “debtors-in-possession” under the
        jurisdiction of the Bankruptcy Court and in accordance with the applicable
        provisions of the Bankruptcy Code and orders of the Bankruptcy
        Court.





F
          -
          13
 ***Table
          of Contents***




**Item
      2.   Plan of
      Operation**





**Forward-Looking
      Statements**




Historical
      results and trends should not be taken as indicative of future operations.
      Management’s statements contained in this report that are not historical facts
      are forward-looking statements within the meaning of Section 27A of the
      Securities Act of 1933, as amended, and Section 21E of the Securities and
      Exchange Act of 1934 (the “Exchange Act”), as amended. Actual results may differ
      materially from those included in the forward-looking statements. The Company
      intends such forward-looking statements to be covered by the safe-harbor
      provisions for forward-looking statements contained in the Private Securities
      Litigation Reform Act of 1995, and is including this statement for purposes
      of
      complying with those safe-harbor provisions. Forward-looking statements, which
      are based on certain assumptions and describe future plans, strategies and
      expectations of the Company, are generally identifiable by use of the
      words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,”
“prospects,” or similar expressions. The Company’s ability to predict results or
      the actual effect of future plans or strategies is inherently uncertain. Factors
      which could have a material adverse affect on the operations and future
      prospects of the Company on a consolidated basis include, but are not limited
      to: changes in economic conditions, legislative/regulatory changes, availability
      of capital, interest rates, competition, and generally accepted accounting
      principles. These risks and uncertainties should be considered in evaluating
      forward-looking statements and undue reliance should not be placed on such
      statements. Further information concerning the Company and its business,
      including additional factors that could materially affect the Company’s
      financial results, is included herein and in the Company’s other filings with
      the SEC.





**Overview**





We
      were
      incorporated in 1993 in the state of Texas under the name Perma-Tune
      Electronics, Inc. On July 21, 2003 we acquired 100% of the issued and
      outstanding stock of Trans Max Technologies, Inc. ("Trans Max"), a Nevada
      corporation, in a share exchange agreement for shares of our common stock.
      As a
      result of this acquisition, our control was shifted to the former shareholders
      of Trans Max and this transaction was treated as a recapitalization.  As a
      part of this recapitalization, we changed our name to Trans Max Technologies,
      Inc.





**Bankruptcy**





On
      September 8, 2005, Trans Max Technologies, Inc. filed a voluntary petition
      for
      relief under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy
      Code") in the United States Bankruptcy Court for the District of Nevada (the
      "Bankruptcy Court"), Case No. BK-S-05-19263. The Company will continue to
      operate as a "debtor-in-possession" under the jurisdiction of the Bankruptcy
      Court and in accordance with the applicable provisions of the Bankruptcy Code
      and orders of the Bankruptcy Court. The Company is currently exploring various
      options for the acquisition of new technology and operating capital and it
      hopes
      to successfully reorganize its affairs and emerge from chapter 11 with the
      ability to pursue a profitable line of business.





**Plan
      of Operation**





In
      May
      2004, we had a change in management. Following this change in management, we
      reorganized our operations and sought other business opportunities for
      acquisition.


4
 ***Table
          of Contents***


On
      August
      24, 2004, we entered into an Agreement with Groupo Acquinas SA (“Groupo”)
      whereby Groupo would assign to us all the marketing and purchasing rights it
      acquired from Victor Vartovy & Company (“VVC”). Groupo entered into an
      Exclusive Purchase Agreement with VVC and acquired all the ownership purchase
      rights to water making technologies together with all related intellectual
      properties, including the Water Air Machine (“WAM”), which produces large
      quantities of drinkable water from the air at a low cost. Samuel J. Higgins,
      an
      officer of our company, a member of our board of directors, and majority
      shareholder, is the managing director of Groupo Acquinas SA.





On
      August
      24, 2004, we entered into a Joint Venture Agreement (“Agreement”) with Adaptive
      Propulsion Systems, LLC (“Adaptive”). Adaptive is a subsidiary of Tactronics,
      Inc., a major supplier of equipment to the United States Special Forces Command.
      Under this Agreement, Adaptive agreed to finance further development of WAM,
      improve and optimize WAM performance, and develop and incorporate a security
      system for WAM. Adaptive was to utilize its expertise to modify the WAM;
      however, we would hold all rights to any patentable technology that emerged.
      Also under the terms of this Agreement, we granted Adaptive the exclusive right
      to utilize this technology for the military of all NATO countries. We would
      have
      received 20% of the gross revenue from all sales of WAM by Adaptive. Adaptive
      would have received 5% of the gross revenue from all of our sales to
      non-military purchasers. This agreement was for a term of 20 years unless
      revised by joint agreement of the parties. Our management has decided at this
      time not to proceed forward with this Agreement.





We
      currently have no business activities. Our plan of operations is to continue
      our
      attempts to identify and evaluate businesses and technology opportunities and
      make arrangements to acquire one that is consistent with our expertise and
      income needs. At the present time, we have not identified any other businesses
      or technology opportunities that management believes in consistent with our
      expertise and income needs.





We
      can
      provide no assurance that we will be successful in acquiring other businesses
      or
      technology due to our limited working capital. We anticipate that if we are
      successfully able to identify technology or businesses for acquisition, we
      will
      require additional financing in order to enable us to complete the acquisition.
      However, we can provide no assurance that if we pursue additional financing
      we
      will receive any financing.





We
      currently have forecasted the expenditure of approximately $20,000 during the
      next twelve months in order to remain in compliance with the Securities Exchange
      Act of 1934, retain a consultant, and to identify additional financing. We
      can
      provide no assurance that we will be successful in acquiring additional
      financing to implement our current business plan. We can provide no assurance
      that we will receive additional financing if sought.





We
      do not
      anticipate purchasing any real property or significant equipment in the next
      twelve months.





At
      the
      present time, we have no employees other than our sole officer and director,
      Samuel Higgins. We do not anticipate hiring any employees until such time as
      we
      are able to acquire any additional financing.





**Assets**





As
      of
      September 30, 2005, our sole asset was cash and cash equivalents in the amount
      of $215. As of September 30, 2005, we had total assets in the amount of
      $1,807,559. As of September 30, 2005, we had an accounts receivable from an
      affiliate in the amount of $301,339 and property and equipment in the amount
      of
      $1,506,005.


5
 ***Table
          of Contents***


**Liabilities
      and Stockholders’ Deficit**





Our
      total
      liabilities as of September 30, 2005 were $2,408,504. On September 30, 2005
      our
      liabilities consisted of accounts payable and accrued expensed in the amount
      of
      $1,605,758, and notes payable to stockholders in the amount of
      $802,746.





As
      of
      September 30, 2005, there was a Stockholders’ deficit of $600,945.





**Results
      of Operations**





We
      have
      not had any business operations since May 2004 and have not generated any
      revenue since fiscal 2003. As a result, we did not earn any revenue during
      the
      three or nine months ended September 30, 2005 or in the same reporting period
      in
      the prior year.





We
      incurred operating expenses in the amount of $14,519 for the three months ended
      September 30, 2005, compared to operating expenses of $143,011 for the three
      months ended September 30, 2004. Our operating expenses for the three months
      ended September 30, 2005 were primarily attributable to general and
      administrative expenses. The significant decrease in our operating expenses
      is
      attributable to discontinued research and development expenses, which, by
      comparison, for the three months ended September 30, 2004, amounted to $140,790
      of the total $143,011 in operating expenses for that quarter.





We
      incurred operating expenses in the amount of $56,595 for the nine months ended
      September 30, 2005, compared to operating expenses of $1,264,822 for the nine
      months ended September 30, 2004. Our operating expenses for the nine months
      ended September 30, 2005 were primarily attributable to general and
      administrative expenses. The significant decrease in our operating expenses
      is
      attributable to discontinued research and development expenses, which, by
      comparison, for the nine months ended September 30, 2004, amounted to $1,255,181
      of the total $1,246,822 in operating expenses for that period.





We
      have
      incurred a net loss of $28,118 for the three month period ended September 30,
      2005, compared to $5,410,297 for the three month period ended September 30,
      2004. We have incurred a net loss of $94,189 for the nine month period ended
      September 30, 2005, compared to $7,373,468 for the nine month period ended
      September 30, 2004. Our losses for the three and nine months ended September
      30,
      2005 are primarily attributable to general and administrative expenses and
      interest expenses. Our losses for the three and nine months ended September
      30,
      2004 was attributable to research and development expenses but more
      significantly to the impairment of assets. We recorded an impairment of
      $5,267,000 for the three months ended September 30, 2005 and $6,089,420 for
      the
      nine months ended September 30, 2005 for the intangible assets purchased from
      Bognar Industries that were deemed worthless.





**Liquidity
      and Capital Resources**





As
      of
      September 30, 2005, we have cash in the amount of $215. We had a working capital
      deficit of $2,408,289 on September 30, 2005. As a result, we have insufficient
      capital to implement our plan of operation.





We
      have
      not attained profitable operations and are dependent upon obtaining financing
      to
      complete our business plan over the next 12 months. Shareholders contributed
      $32,050 during the nine months ended September 30, 2005. During 2005 and beyond,
      however, we will require additional capital. We can provide no assurance that
      we
      will receive any additional financing. For these reasons, our auditors


6
 ***Table
          of Contents***


have
      stated in their report that they have substantial doubt about our ability to
      continue as a going concern.





**Going
      Concern**





As
      shown
      in the accompanying condensed consolidated financial statements, the Company
      incurred substantial net losses for the nine months ended September 30, 2005
      and
      for the years ended December 31, 2004 and 2003. There is no guarantee whether
      the Company will be able to generate enough revenue and/or raise capital to
      support those operations. This raises substantial doubt about the Company’s
      ability to continue as a going concern.





The
      Company’s future success is dependent upon its ability to achieve profitable
      operations and generate cash from operating activities, and upon additional
      financing. There is no guarantee that the Company will be able to raise enough
      capital or generate revenues to sustain its operations. Management believes
      they
      can raise the appropriate funds needed to support their business plan and
      acquire an operating, cash flow positive company.





The
      condensed consolidated financial statements do not include any adjustments
      relating to the recoverability or classification of recorded assets and
      liabilities that might result should the Company be unable to continue as a
      going concern.





**Off
      Balance Sheet Arrangements**





As
      of
      September 30, 2005, there were no off balance sheet arrangements.





**Item
      3.     Controls and Procedures**





We
      carried out an evaluation of the effectiveness of the design and operation
      of
      our disclosure controls and procedures (as defined in Exchange Act Rules
      13a-15(e) and 15d-15(e)) as of September 30, 2005. This evaluation was carried
      out under the supervision and with the participation of our Chief Executive
      Officer and Chief Financial Officer, Samuel Higgins. Based upon that evaluation,
      our Chief Executive Officer and Chief Financial Officer concluded that, as
      of
      September 30, 2005, our disclosure controls and procedures are effective. There
      have been no significant changes in our internal controls over financial
      reporting during the quarter ended September 30, 2005 that have materially
      affected or are reasonably likely to materially affect such controls.





Disclosure
      controls and procedures are controls and other procedures that are designed
      to
      ensure that information required to be disclosed in our reports filed or
      submitted under the Exchange Act are recorded, processed, summarized and
      reported, within the time periods specified in the SEC's rules and forms.
      Disclosure controls and procedures include, without limitation, controls and
      procedures designed to ensure that information required to be disclosed in
      our
      reports filed under the Exchange Act is accumulated and communicated to
      management, including our Chief Executive Officer and Chief Financial Officer,
      to allow timely decisions regarding required disclosure.





Limitations
      on the Effectiveness of Internal Controls





Our
      management does not expect that our disclosure controls and procedures or our
      internal control over financial reporting will necessarily prevent all fraud
      and
      material error. An internal control system, no matter how well conceived and
      operated, can provide only reasonable, not absolute, assurance that the
      objectives of the control system are met. Further, the design of a control
      system must reflect the fact that there are resource constraints, and the
      benefits of controls must be considered relative to their costs. Because of
      the
      inherent limitations in all control systems, no evaluation of controls can
      provide


7
 ***Table
          of Contents***


absolute
      assurance that all control issues and instances of fraud, if any, within the
      Company have been detected. These inherent limitations include the realities
      that judgments in decision-making can be faulty, and that breakdowns can occur
      because of simple error or mistake. Additionally, controls can be circumvented
      by the individual acts of some persons, by collusion of two or more people,
      or
      by management override of the internal control. The design of any system of
      controls also is based in part upon certain assumptions about the likelihood
      of
      future events, and there can be no assurance that any design will succeed in
      achieving its stated goals under all potential future conditions. Over time,
      control may become inadequate because of changes in conditions, or the degree
      of
      compliance with the policies or procedures may deteriorate.











8
 ***Table
          of Contents***


**PART
      II - OTHER INFORMATION**





**Item
      1.     LegalProceedings**





Except
      as
      provided below, there have been no material developments in the ongoing legal
      proceedings previously reported in which we are a party. A complete discussion
      of our ongoing legal proceedings is discussed in our report for the period
      ended
      June 30, 2005.





*Simply
      Lite v. Trans Max Technologies, Inc., and its subsidiary, Bogner Industries,
      Inc. in the Circuit Court of Cook County, Illinois.*





The
      matter was set for hearing on Default Judgment against us prior to our filing
      for protection under the US Bankruptcy Code in early September 2005. The action
      of Simply Lite was then stayed.





*Richard
      Powers, et. al v. Trans Max Technologies, Inc., et. al, in the Supreme Court
      State of New York, County of Suffolk, Riverhead*





This
      action was filed by three former alleged employees seeking unpaid wages and
      future wages. This matter was pending prior to our filing for protection under
      the US Bankruptcy Code in early September 2005, and the matter was then stayed
      as to us.





**Item
      2.     UnregisteredSales of Equity
      Securities and Use of Proceeds**





None





**Item
      3.     Defaultsupon Senior
      Securities**





None





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





No
      matters have been submitted to our security holders for a vote, through the
      solicitation of proxies or otherwise, during the quarterly period ended
      September 30, 2005.





**Item
      5.     OtherInformation**





None





**Item
      6.      Exhibits**





**Exhibit
                Number**
            **Description
                of Exhibit**31.1
            Certification
                of Chief Executive Officer pursuant to
                18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the
                Sarbanes-Oxley Act of 200231.2
            Certification
                of Chief Financial Officer pursuant to
                18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the
                Sarbanes-Oxley Act of 200232.1
            Certification
                of Chief Executive Officer and Chief
                Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted
                pursuant
                to Section 906 of the Sarbanes-Oxley Act of
                2002





9
 ***Table
          of Contents***





**SIGNATURES**





In
      accordance with the requirements of the Securities and Exchange Act of 1934,
      the
      Registrant has duly caused this report to be signed on its behalf by the
      undersigned, thereunto duly authorized.





**Trans
                Max Technologies, Inc.**Date:
            November
                22, 2005By:/s/  Samuel
                Higgins
              Samuel Higgins
              Title:**Chief
                Executive Officer, Chief Financial Officer, and
                Director**








10