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|OMB APPROVAL                                        
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  hours per response: 1646











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



FORM 10-KSB



|(Mark One)                                                      
|----------------------------------------------------------------
|                                                                
|                                                                
|                                                                
|                                                                
|                                                                
|                                                                
|PLATINUM RESEARCH ORGANIZATION, INC.                            
|(Name of small business issuer as specified in its charter)     
|NEVADA                                                          
|(State or other jurisdiction of incorporation or
  organization)
|                                                                
|Suite 421 - 1917 West 4th Avenue, Vancouver, BC                 
|(Address of principal executive offices)                        
|Issuer's telephone number (604) 689-4088                        
|                                                                
|Securities registered under
  section 12(b) of the Exchange Act:
|                                                                
|                                                                
|                                                                
|Securities registered under
  Section 12(g) of the Exchange Act:
|                                                                
|                                                                



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|Check whether the issuer (1) has
  filed all reports required to be filed by Section 13 or 15(d) of the Exchange
  Act during the past 12 months (or for such shorter period that the registrant
  was required to file such reports), and (2) has been subject to such filing
  requirements for the past 90 days.                                          
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                             
|Check if there is no disclosure of
  delinquent filers in response to Item 405 of Regulation S-B contained in this
  form, and no disclosure will be contained, to the best of registrant's
  knowledge, in definitive proxy or information statements incorporated by
  reference in Part III of this Form 10-KSB or any amendment to this Form
  10-KSB.   
|                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                             
|Indicate by check mark whether the
  registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                             
|State issuer's revenues for its
  most recent fiscal year: $0.00                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                             
|State the aggregate market value
  of the voting and non-voting common equity held by non-affiliates computed by
  reference to the price at which the common equity was sold, or the average bid
  and asked price of such common equity, as of a specified date within the past
  60 days. (See definition of affiliate in Rule 12b-2 of the Exchange Act.)
|As of March 12, 2007, the aggregate market value of equity
  shares held by non-affiliates was                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                             
|State the number of shares
  outstanding of each of the issuer's classes of common equity, as of the latest
  practicable date.                                                                                                                                                                                                                              
|                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                             
|Transitional Small
  Business Disclosure Format (Check one):                                                                                                                                                                                                                                                                                                 



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TABLE OF CONTENTS



FORWARD LOOKING INFORMATION
   1PART I
   1ITEM 1. DESCRIPTION OF BUSINESS
   1ITEM 2. DESCRIPTION OF PROPERTY
   7ITEM 3. LEGAL PROCEEDINGS
   7ITEM 4.
   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
   7PART II
   7ITEM 5.
   MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
   7ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN
   OF OPERATION
   8ITEM 7.
   FINANCIAL STATEMENTS
   8ITEM 8. CHANGES IN AND DISAGREEMENTS WITH
   ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
   25ITEM 8A. CONTROLS AND
   PROCEDURES
   25ITEM 8B. OTHER INFORMATION
   25PART III
   25ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS,
   CONTROL PERSONS AND CORPORATE GOVERNANCE; COMPLIANCE WITH SECTION 16(a) OF
   THE EXCHANGE ACT
   25ITEM 10.
   EXECUTIVE COMPENSATION
   27ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
   OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS *
   28ITEM 12.
   CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
   29ITEM 13. EXHIBITS
   30ITEM 14.
   PRINCIPAL ACCOUNTANT FEES AND SERVICES
   31SIGNATURES
   32




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FORWARD LOOKING INFORMATION

This annual report contains forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995. 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", "expects", "plans", "anticipates", "believes", "estimates",
"predicts", "potential" or "continue" or the negative of these terms or other
comparable terminology. These statements are only predictions and involve known
and unknown risks, uncertainties and other factors, including the risks in the
section entitled "Risk Factors", that may cause our or our industry's actual
results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results, levels of
activity, performance or achievements. Except as required by applicable law,
including the securities laws of the United States, we do not intend to update
any of the forward-looking statements to conform these statements to actual
results.

Our financial statements are stated in United States Dollars (US$) and are
prepared in accordance with United States Generally Accepted Accounting
Principles ("US GAAP"). In this annual report, unless otherwise specified, all
dollar amounts are expressed in United States Dollars. Any references to CDN$
refer to Canadian Dollars.

As used in this annual report, the terms "we", "us", "our", and "Platinum"
mean Platinum Research Organization, Inc. unless otherwise indicated.

PART I

ITEM 1. DESCRIPTION OF BUSINESS

Business Development of
the Company
We were formed in the State of Nevada on May 13, 2005 under the name "NorthTech
Corporation". On October 31, 2006 we merged with our wholly-owned subsidiary
Platinum Research Organization, Inc. ("Sub", and on the parent company
merging into Sub, the "Survivor" or the "Company") for the purpose
of effecting a change of our name to "Platinum Research Organization, Inc." and
a recapitalization of our capital stock. Pursuant to the Agreement and Plan of
Merger dated October 18, 2006 (the "Merger"), each outstanding share of
the parent company was exchanged for and became five shares of Survivor's common
stock on the effective date of the Merger. Survivor assumed the outstanding
warrants of the parent company, which have since been fully exercised for
Survivor's common stock. The Articles of Incorporation and Bylaws of the Sub
became the Articles of Incorporation and Bylaws of the Survivor. As a result of
the Merger the authorized share capital of the Company is now to 500,000,000
shares with a par value of $0.001 per share consisting of 400,000,000 shares of
common stock with a par value of $0.001 per share and 100,000,000 shares of
preferred stock with a par value of $0.001 per share.

On March 30, 2006, we completed an initial offering of our securities, as
registered with the U.S. Securities and Exchange Commission (the "SEC") on Form
SB-2. A complete description of the offering terms can be found in the final
registration statement Form SB-2/A, filed on January 18, 2006, on the SEC
website at www.sec.gov, under our SEC File Number 333-128822. The offering was
sold out and we raised a total of $100,000, less offering expenses of $10,000.
We have deposited the funds into our operating account, and up until November
2006, we were proceeding with our business plans, as outlined in our Form SB-2
registration statement, which can be found in its entirety on the SEC website at
www.sec.gov, under our CIK Number 0001330340.

On October 26, 2006, we entered into a Contribution Agreement with Platinum
Research Organization L.P., a limited partnership organized and existing under
the laws of Texas ("Platinum LP"), Lubrication Partners, a joint venture
("GP Transferor") and sole stockholder of Platinum IP Management, Inc., a
company organized and existing under the laws of Texas and the general partner
of Platinum LP ("PRO GP"), each person holding a limited partnership
interest in Platinum LP (each, a "Limited Partner") (each Limited Partner
and GP Transferor, a "PRO Transferor" and collectively, the "PRO
Transferors"), and Cork Jaeger as the representative (the "PRO Transferor
Representative") of all PRO Transferors, and Steve Drayton as the
representative (the "Investor Representative") of all individuals who are
expected to invest in the Company (other than the PRO Transferors) (the "Investors")
in a private placement to be completed in conjunction with the agreement (the "Contribution
Agreement").

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The business of Platinum LP will become our business on closing the
Contribution Agreement and we will sell or abandon our previous business
activities. We intend to obtain stockholder approval of the Contribution
Agreement and related transactions in the spring of 2007. We will re-file a
Schedule 14A Proxy Statement upon finalizing the required December 31, 2006
financial statements. There can be no assurance that the transactions
contemplated by the Contribution Agreement and related agreements will be
consummated.

Platinum LP is the developer and owner of several patented processes and
technologies relating to a fluorinated thiophosphate and a new technique to
react zinc dialkyl dithiophosphate and poly tetra fluroethylene to yield new
proprietary compounds which enhances the anti-wear and anti-corrosion
capabilities of lubricants and coatings.

Our Business/Plan of
Operation

Until we receive stockholder approval for the Contribution Agreement and
related transactions, we will continue with our existing plan of operations. We
will re-file a Schedule 14A Proxy Statement on finalizing the required December
31, 2006 financial statements. The Schedule 14A will contain detailed
information about the Contribution Agreement, our proposed new business and the
stockholder approvals we will need to proceed with this change of business.

We were formed to develop, expand and market two web-based database programs
- one for small business and the second for community sports teams or groups.

The foundation of our technology, including the proprietary code with which
we began this project, was developed for and funded by our sole officer and
director, Cecelia Pineda, over a period of several years for use in her own
business.

We currently have no patents on our programs and no patents pending. Our only
asset as of the date of the filing of this report is our cash in the bank of
$69,681. At September 30, 2006, we had an accumulated deficit of $66,495. We are
in the development stage and have not yet generated any revenues.

There were three major stages to our proposed business for the first year of
operation:

- The first is two-pronged: to develop the two database programs so that
  they are fully-functional, easy-to-use and secure for a large number of small
  businesses and/or community sports teams and at the same time to establish
  customer-focus groups to obtain their input for their needs and interests.
- The second is to complete three stages of testing to ensure that the
  programs are completely stable, secure from each other and have several levels
  of access for any individual company.
- The final stage is also two-pronged: to set up and deliver the first
  stages of our marketing program and to set up the plan for our customer
  service division within the Company.

Since completing our initial offering in March of 2006, we have been involved
with developing our two database programs. The first of our database programs is
directed at small businesses to help them develop, maintain and keep control of
their customer information. This was planned as an easy-to-use program, commonly
known as a Customer Relationship Management (CRM) program that we are developing
to address the needs of small businesses. The second program is a registration
and list- creation program that is aimed at helping community sports
groups-youth sports teams and other community events - to organize their
registration processes. Although we had hoped to expand to other products in the
future, at present our only focus has been to develop and bring to market these
two programs that are based on a proprietary code already in our possession that
has proven very functional for the small, personal business of our President. We
are currently in the research and development stage and have not yet completed
either of our software programs. If we continue on this path and are successful
in marketing these two programs when completed, we will expand our offerings to
develop other database programs.

In general, our plan to date has been to focus on the development, refinement
and expansion of a functional proprietary code for a web-based database program
that is intended to be individual and customizable for an infinite number of
customers. We expected the developmental period to take up to six months and the
testing period to take up to another 3 months, after which we believed we would
be ready to market our products, generate revenues and gradually expand our
business. We have progressed very well on these goals and have our programs
ready for testing and release. In working closely with three diverse focus
groups we have received considerable helpful feedback who have all said that the
program is very functional and will allow us to offer the programs to the public
as planned.

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Although we have been and are continuing with our original plan of operations
as set out in our final registration statement on Form SB-2/A, filed on January
18, 2006, we began seriously considering a change in our business direction
during this last quarter and reviewed a number of business opportunities that
were presented to us. We began pursuing one of these opportunities in particular
which we believe our stockholders would find attractive. Subsequent to the
quarter ended September 30, 2006, we entered into the Contribution Agreement
which if consummated will change our business direction significantly. If our
stockholders do not approve of this agreement and resulting change of business
direction we will continue with our original business plan.

The Software Programs/Products

Customer Relationship Management for Small Business - Customer Access Port.
Customer Access Port (CAP) was developed because of management's perception that
most of the current CRM programs on the market are aimed at large businesses and
demand complex, time-consuming attention that a small business has neither the
time nor the resources to undertake. In this, as in many other areas, the needs
for small business are not the same as the needs for large business. It is
significantly more important for small businesses to develop and maintain a
strong body of satisfied customers. In the past experience of our management,
developing new customers is much more costly than maintaining current customers
and yet small businesses, in their "busyness", have trouble getting organized
enough to properly attend to their current customers, even though their very
survival depends on it.

Our CAP is aimed at small businesses with a staff of under 300 employees and
will allow each company to have a customer database of thousands if they so
desire. It is simple but fully integrated, and will be fully secured, stable and
functional when completed. At present, the functionality is for one user. One of
the main differences in our software from those generally available in the
marketplace today is that our software is fully integrated with e-mail and web
platforms and will allow the user company to have private access to their own
client information via a completely secure web page.

Management believes CAP is the small business solution to customer tracking
and communication. When completed, management intend for the program to allow
companies to:

- develop a fully-secured customer data base;
- maintain that customer base;
- access that database from any computer connected to the internet;
- update the database as necessary;
- merge their current database, if they have one, into the program;
- be able to sort the customer base in a variety of individualized
 preferences;
- be able to communicate desired information (promotions or changes in
 company policy) to all or certain groups of its customers;
- be able to receive communications from customers about their issues,
 preferences and requests; and
- register all relevant customer information so that no matter who the
 customer communicates with, all employees have current and updated information
 they can refer to on the computer files. This can save endless frustration on
 the part of a customer who has a complaint or is trying to obtain a specific
 product.

It is the Company's plan to expand the software and develop it to the point
where it is fully customizable for an infinite variety and number of small
businesses. The process to do this is complicated, but does not require new
technology. Nevertheless, until the Company has completed the development, it
cannot guarantee that it will be successful.

Registration Lists for Coaches and Parent Volunteers - Team Access Port.
When children wish to enter competitive sports leagues such as baseball, soccer,
hockey, figure skating, gymnastics etc., they are generally required to do so
according to their birth dates. Combine that with the availability or lack of
ice, gym or field time available for each age group and you have a nightmare for
the parents and volunteers who are trying to ensure an opportunity for each
child in the community. Currently parents, instructors and coaches who are
involved with sports teams, dance groups and other community programs, spend
hundreds of hours each season making sure that children are registered in the
right group at the right time. The amount of detail is immense and errors are
frequent and frustrating for all involved.

Our web-based registration and list generation program - Team Access Port
(TAP) - attempts to reduce the administrative burden on parents and coaches and
make the registration of the thousands of children who participate in seasonal
competitive sports a nearly foolproof process with little or no room for error.
Our original goal was for our program to enhance the dissemination of
information among parents and team members and their coaches and organizers so
they can spend more time with the actual coaching, game or function.

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In addition, it is our hope to save groups money by eliminating a majority of
the paperwork that is currently sent back and forth by mail or hand delivered.
Wait times could be reduced and directions and maps can be readily available on
their Internet site, allowing all concerned to plan ahead and to know when and
where they are going by logging into a computer website.

The first nine months of our operation was focused on the development,
testing and market exploration, including initial market development, of these
two database programs. As we received feedback on our programs we started
investigating other opportunities.

Competition

The industry involved in the development and distribution of software
products is intensely competitive with respect to new and evolving technologies
and programs on a continuous basis. The number of general software programs
produced annually worldwide is in the thousands. The number of programs with
similarities to our programs, is in the dozens. There are many well-established
competitors for products similar to the Company's proposed product line with
substantially greater financial and other resources than the Company, including
but not limited to established businesses with loyal customers. The Company's
major competitors for the products it is developing are:

- for the CRM program
- for the online sports group registration program

Although we believe that our products provide a service not yet offered by
these companies, i.e., a program exclusively aimed at small business needs, we
cannot guarantee that our competitors will not develop a similar or better
product in the future and market it in the same price range or lower than our
products.

We believe the key to our success will lie in early entrance to the unique
niche that we perceive to be currently available and in the strong customer
service focus we plan to give our business.

Distribution Methods

As our products are web-based, they were designed to be distributed through
the Internet. As such, there are no shipping costs or delays. We anticipate that
it may take several hours to customize its software products for each specific
client and, therefore, project delivery time would be within approximately 48
hours.

Equipment

Cecelia Pineda, our sole officer and director, currently provides the usage
of a computer and other office equipment including a printer, fax machine,
scanner and telephone for our use on a rent-free basis.

Patents and Trademarks

We have no patent or trademark protection on our programs. We do have
proprietary rights to the functional code, but we do not have plans to formally
copyright or apply for patents in the future.

Government Regulations and Approvals

Regulation of Internet - Websites are not currently subject to direct
federal laws or regulations applicable to access, content or commerce on the
Internet. However, due to the increasing popularity and use of the Internet, it
is possible that a number of laws and regulations may be adopted with respect to
the Internet covering issues such as:

- privacy;
- freedom of expression;
- pricing;
- content and quality of products and services;

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- taxation;
- advertising;
- intellectual property rights; and
- information security.

The adoption of any such laws or regulations might decrease the rate of
growth of Internet use, which in turn could decrease the demand for our
services, increase the cost of doing business or in some other manner have a
negative impact on our business, financial condition and operating results. In
addition, applicability to the Internet of existing laws governing issues such
as property ownership, copyrights and other intellectual property issues,
taxation, libel and personal privacy is uncertain. The vast majority of such
laws were adopted prior to the advent of the Internet and related technologies
and, as a result, do not contemplate or address the unique issues of the
Internet and related technologies.

We abide by all copyright laws. When using the information provided or
refurbished from other sources and to protect us from any potential intellectual
property claims, we will endeavour to obtain all necessary consents prior to the
use of the sources and will reference the sources to give full credit where it
is due.

Research and Development

Over the past two fiscal years, we have not spent any money on research and
development activities.

Environmental Compliance



The nature of our current business does not require special
environmental or local government approval. We are compliant with all
environmental laws. The cost of such compliance is minimal for us.



Employees

We currently have no employees. We expect we will add more employees and
independent consultants if we are successful in completing our proposed
acquisition of Platinum LP.

Proposed Change of Business Direction

We entered into a contribution agreement dated October 26, 2006 with Platinum
LP and other parties (the "Contribution Agreement") which would result in
a change of control of our company and the appointment of a new slate of
directors upon stockholder approval.

The basic terms of the Contribution Agreement are as follows:

- GP Transferor will contribute to the Company all of the capital stock of
 PRO GP (the "PRO GP Capital Stock"), free and clear of all liens;
- each Limited Partner will contribute to the Company all of the outstanding
 limited partner partnership interests of Platinum LP (collectively, the "Partnership
 Interests") held by such Limited Partner, free and clear of all liens;
- the Investors will contribute to the Company cash in an aggregate amount of
 $ 4,500,000;
- existing warrant holders will exercise their warrants and acquire
 10,000,000 unregistered shares of common stock for $500,000;
- the Company will issue to the PRO Transferors 55,000,000 unregistered
 shares of common stock of the Company for the PRO GP Capital Stock and
 Partnership Interests on closing of the Contribution Agreement;
- the Company will issue to the Investors 5,000,000 unregistered shares of
 Series "A" Preferred Stock on closing of the Contribution Agreement;
- the Company will issue 2,000,000 Common Stock share purchase warrants to
 Investa Corporation, and 500,000 Common Stock share purchase warrants to Ms.
 Cecelia Pineda, our sole officer and director;
- the Company will provide Platinum LP with a $1,000,000 bridge loan in
 accordance with the terms of the Contribution Agreement, subject to Platinum LP
 fulfilling certain conditions; and
- PRO Transferors will provide the Company with audited year end financial
 statements and, if required, any un-audited quarterly financial statement for
 Platinum LP prepared in accordance with US GAAP by a SEC qualified auditor for
 inclusion in the Company's proxy materials.

5

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The Contribution Agreement is subject to a number of conditions. These
include:

- Prior to closing the Contribution Agreement:
 the Company will conduct a stockholder's meeting to obtain stockholder
  approval to:
  Complete the Contribution Agreement and close the Contribution Agreement;
   Redomesticate the Company from Nevada to Delaware; and
   Appoint a new slate of directors;
  the Company will have not less than $5,000,000 in cash minus any funds
  previously advanced to Platinum, LP as a bridge loan by the Company;
  Cork Jaeger will have entered into an consulting agreement with the
  Company;
  Platinum LP will not have incurred any additional indebtedness senior to
  the bridge loan made by the Company without consent of the Company;
  Platinum LP will restructure its existing debt with the Seattle City
  Employees' Retirement System;
  all related party debt owed by Platinum LP will have been cancelled;
  Platinum LP will have renegotiated or terminated its existing contracts
  with Jeffries & Co. and Newlight Capital LLC;
  the Company, the Investors and Investa Corporation will enter into a
  registration rights agreement; and
  Lubrication Partners, L.P. and Lubrication Partners, a joint venture will
  enter into a voting agreement and lock-up agreement; and
  all representations and warranties contained in the Contribution Agreement
  must be true in all material respects as of the closing date.
- the Company will conduct a stockholder's meeting to obtain stockholder
  approval to:
  Complete the Contribution Agreement and close the Contribution Agreement;
   Redomesticate the Company from Nevada to Delaware; and
   Appoint a new slate of directors;
- Complete the Contribution Agreement and close the Contribution Agreement;
- Redomesticate the Company from Nevada to Delaware; and
- Appoint a new slate of directors;
- the Company will have not less than $5,000,000 in cash minus any funds
  previously advanced to Platinum, LP as a bridge loan by the Company;
- Cork Jaeger will have entered into an consulting agreement with the
  Company;
- Platinum LP will not have incurred any additional indebtedness senior to
  the bridge loan made by the Company without consent of the Company;
- Platinum LP will restructure its existing debt with the Seattle City
  Employees' Retirement System;
- all related party debt owed by Platinum LP will have been cancelled;
- Platinum LP will have renegotiated or terminated its existing contracts
  with Jeffries & Co. and Newlight Capital LLC;
- the Company, the Investors and Investa Corporation will enter into a
  registration rights agreement; and
- Lubrication Partners, L.P. and Lubrication Partners, a joint venture will
  enter into a voting agreement and lock-up agreement; and
- all representations and warranties contained in the Contribution Agreement
  must be true in all material respects as of the closing date.

The Contribution Agreement is also subject to other customary terms and
conditions, including regulatory and third party approvals.

The Board of Directors believes the change of business direction as a result
of this Contribution Agreement will ultimately increase stockholder value beyond
what we could expect to achieve under our current business model.

Platinum LP was formed for the express purpose to design and commercialize
high performance lubricants and coatings. Nine years of development efforts by
Platinum LP and its predecessor, Platinum LLC, have resulted in the initial
commercialization of TechroBondTM in the grease markets with the
introduction of TechroBondTM in rail-curve applications in late 2006.
The TechroBondTM lubricants have been developed to replace MoS2
greases currently in the marketplace for automotive, railroad, construction,
manufacturing, aerospace and heavy engineering applications. Management of
Platinum LP expects a steady stream of products and applications to be
commercialized over the next one to two years in grease, metalworking fluid,
hydraulic fluid and other applications; however, the largest addressable markets
by order of magnitude are oil additives and specialty coatings. The key to these
markets resides in advanced development tests and ongoing discussions with
leading U.S. industrial and energy companies. There are no guarantees that all
or any of these relationships will result in material agreements; however,
Platinum LP approaches those relationships as being combined development efforts
geared towards bringing commercial products to market by 2009, rather than being
merely research collaborations. Each of these development efforts is subject to
strict non-disclosure agreements that Platinum LP relies upon to protect
intellectual property rights as well as to shield competitors from any "go to
market" plans that these companies may utilize with respect to products or
technology derived from these efforts.

TechroBondTM is one of a series of product applications Platinum LP has
developed based on its patented processes and technologies relating to a
fluorinated thiophosphate and a new technique to react zinc dialkyl
dithiophosphate ("ZDDP") and poly tetra fluroethylene to yield new proprietary
compounds that enhance the anti-wear and anti-corrosion capabilities of
lubricants and coatings (individually and collectively, the "PRO Technology").
The resulting compounds have yielded significantly enhanced anti-wear and
anti-corrosion capabilities when measured in bench laboratory tests at the
University of Texas at Arlington, and, more importantly, suggest that the PRO
Technology may be a replacement for ZDDP in engine and lubricating oils.
Management believes that this new technology will position Platinum LP to
disrupt several large, global markets for lubricants should Platinum LP be
successful in bringing its products to market that rely upon this new
technology.

Platinum LP intends to develop three primary product lines within the
lubricant additive industry, including greases, industrial oils and engine oils,
as well as to develop specialty coatings. The greases developed by Platinum LP
were commercialized in 2005. Management expects that its industrial oil products
will be commercialized in 2007 and the engine oils it is developing will be
commercialized in 2010. Specialty coatings are still in the applied research
stages.

6

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A more detailed description of the business of Platinum LP, associated risk
factors, and financial statements will be provided in the Schedule 14A Proxy
Statement within the next two weeks. Stockholders are encouraged to read the
Schedule 14A Proxy Statement.

ITEM 2. DESCRIPTION OF PROPERTY

Our office space is located at Suite 421-1917 West 4th Avenue ,
Vancouver, B.C. Canada, V6J 1MT. This space is provided by our sole director
free of charge. We also rent a small virtual office where we receive our mail
and can rent space for meetings, interviews or presentations when needed.

We do not intend to renovate, improve or develop properties. We are not
subject to competitive conditions for property and currently have no property to
insure. We have no policy with respect to investments in real estate or
interests in real estate and no policy with respect to investments in real
estate mortgages. Further, we have no policy with respect to investments in
securities of or interests in persons primarily engaged in real estate
activities.

ITEM 3. LEGAL PROCEEDINGS

We know of no material, active or pending legal proceedings against our
company, nor are we involved as a plaintiff in any material proceeding or
pending litigation. There are no proceedings in which any of our directors,
officers or affiliates, or any registered or beneficial stockholder, is an
adverse party or has a material interest adverse to our interest.

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

No matters were submitted to a vote of security holders during the fourth
quarter of the fiscal year ended December 31, 2006.



PART II



ITEM 5. MARKET FOR COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS

Market Information

Our common shares are quoted on the Over-the-Counter Bulletin Board under the
symbol "PLRO.OB". The following quotations reflect the high and low bids
for our common stock based on inter-dealer prices, without retail mark-up,
mark-down or commission and may not represent actual transactions. The high and
low bid prices for our common shares (obtained from Canada Stockwatch) for each
full financial quarter for the two most recent full fiscal years were as
follows:



|Quarter Ended(1) (2) | High  | Low  
|-------------------- | ----- | -----
|December 31, 2006    | $1.50 | $0.50
|September 30, 2006   | $0.00 | $0.00
|June 30, 2006        | N/A   | N/A  
|March 31, 2006       | N/A   | N/A  
|December 31, 2005    | N/A   | N/A  
|September 30, 2005   | N/A   | N/A  
|June 30, 2005        | N/A   | N/A  
|March 31, 2005       | N/A   | N/A  
|December 31, 2004    | N/A   | N/A  



Notes:(1)
   The quotations above reflect
   inter-dealer prices, without retail mark-up, mark-down or commission and may
   not represent actual transactions.(2)
   The Company was originally first
   quoted on the OTCBB on July 12, 2006 under the symbol "NTTE". Its symbol was
   changed to "PLRO" on October 31, 2006.




Holders of Common Stock

As of March 12, 2007, there were 36 registered stockholders of the Company's
common stock.

7

---

Dividends

We have never declared or paid any cash dividends on our capital stock and do
not anticipate paying cash dividends in the foreseeable future. Our current
policy is to retain any earnings in order to finance the expansion of our
operations. Our Board of Directors will determine future declaration and payment
of dividends, if any, in light of the then-current conditions they deem relevant
and in accordance with the applicable corporate statutes.

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN
OF OPERATION

See "Our Business/Plan of Operation" in Item 1 of this report on Form 10-KSB.

ITEM 7. FINANCIAL STATEMENTS

Following are our audited financial statements for the year ended December
31, 2006.



Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)



Financial Statements
(Expressed in U.S. Dollars)31 December 2006











8

---





James StaffordJames Stafford
   Chartered Accountants*Suite 350 - 1111 Melville Street
   Vancouver, British Columbia
   Canada V6E 3V6
   Telephone +1 604 669 0711
   Facsimile +1 604 669 0754
   * Incorporated professional




Report of Independent Registered Public Accounting Firm

To the Board of Directors and Stockholders of 
Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)

We have audited the balance sheets of Platinum Research Organization, Inc.
(formerly NorthTech Corporation)as of 31 December 2006 and 2005, the
related statements of operations and cash flows for the year ended 31 December
2006 and for the period from the date of inception on 13 May 2005 to 31 December
2005, and the statements of operations, cash flows and changes in stockholders'
equity for the period from the date of inception on 13 May 2005 to 31 December
2006. These financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.

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

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of the Company as of 31 December
2006 and 2005, the related statements of operations and cash flows for the year
then ended 31 December 2006 and for the period from the date of inception on 13
May 2005 to 31 December 2005, and the statements of operations, cash flows and
changes in stockholders' equity for the period from the date of inception on 13
May 2005 to 31 December 2006 in conformity with accounting principles generally
accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note 1 to the
financial statements, conditions exist which raise substantial doubt about the
Company's ability to continue as a going concern unless it is able to generate
sufficient cash flows to meet its obligations and sustain its operations.
Management's plans in regard to these matters are also described in Note 1. The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.

Vancouver, Canada
   /s/"James Stafford"Chartered Accountants24 February 2007




9

---



Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)Balance Sheets (Expressed in U.S. Dollars)As at 31 December

---

|                                                                |  | 2006      |  | 2005    
|--------------------------------------------------------------- |  | --------- |  | --------
|                                                                |  | $         |  | $       
|                                                                |  |           |  |         
|Assets                                                          |  |           |  |         
|                                                                |  |           |  |         
|Current                                                         |  |           |  |         
|Cash and cash equivalents                                       |  | 44,748    |  | 1,904   
|Restricted cash and cash
  equivalents (Note 6)                 |  | 1,000,000 |  | -       
|Prepaid expenses                                                |  | -         |  | 50      
|                                                                |  |           |  |         
|                                                                |  | 1,044,748 |  | 1,954   
|                                                                |  |           |  |         
|Liabilities                                                     |  |           |  |         
|                                                                |  |           |  |         
|Current                                                         |  |           |  |         
|Accounts payable and accrued
  liabilities (Note 3)             |  | 16,401    |  | 7,540   
|Accrued interest (Note 6)                                       |  | 14,521    |  | -       
|Convertible promissory notes
  payable (Note 6)                 |  | 1,000,000 |  | -       
|Due to related party (Note 4)                                   |  | -         |  | 5,000   
|                                                                |  |           |  |         
|                                                                |  | 1,030,922 |  | 12,540  
|                                                                |  |           |  |         
|Stockholders' equity                                            |  |           |  |         
|Capital stock (Note 5)                                          |  |           |  |         
|Authorized                                                      |  |           |  |         
|400,000,000 common shares, par
  value $0.001                   |  |           |  |         
|100,000,000 preferred shares, par
  value $0.001                |  |           |  |         
|Issued and outstanding                                          |  |           |  |         
|31 December 2006 - 32,500,000
  common shares, par value $0.001 |  |           |  |         
|31 December 2005 - 22,500,000
  common shares, par value $0.001 |  | 32,500    |  | 22,500  
|Warrants                                                        |  | 308       |  | -       
|Additional paid-in capital                                      |  | 100,192   |  | (13,500)
|Deficit, accumulated during the
  development stage             |  | (119,174) |  | (19,586)
|                                                                |  |           |  |         
|                                                                |  | 13,826    |  | (10,586)
|                                                                |  |           |  |         
|                                                                |  | 1,044,748 |  | 1,954   

Nature and Continuance of Operations (Note 9) and Subsequent Events(Note 11)

On behalf of the Board:

/s/ Cecelia Pineda
______________________________ Director 
Cecelia Pineda



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



10

---

Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)Statements of Operations 
(Expressed in U.S. Dollars)

---

For the 
   period from 
   the date of 
   inception 
   on 13 May 
   2005 to 31 
   December 
   2006
   
   For the
   year 
   ended 31 
   December 
   2006
   
   For the 
   period from 
   the date of 
   inception on 
   13 May 
   2005 to 31 
   December 
   2005$
   
   $
   
   $ExpensesBank charges
   
   1,189
   
   1,189
   
   -Consulting fees
   
   10,000
   
   5,000
   
   5,000Legal and accounting
   
   50,675
   
   36,988
   
   13,687Listing and filing
   fees
   
   350
   
   350
   
   -Management fees
   (Notes 7 and 10)
   
   20,400
   
   20,400
   
   -Marketing
   
   16,680
   
   16,680
   
   -Office and
   miscellaneous
   
   244
   
   100
   
   144Rent (Notes 7 and 10)
   
   3,600
   
   3,600
   
   -Transfer agent fees
   
   1,526
   
   771
   
   755Loss before other
   items
   
   (104,664)
   
   (85,078)
   
   (19,586)Other itemInterest expense
   
   (14,521)
   
   (14,521)
   
   -Foreign exchange gain
   
   11
   
   11
   
   -Net loss for the
   period
   
   (119,174)
   
   (99,588)
   
   (19,586)Basic and diluted
   loss per common share
   
   
   
   (0.003)
   
   (0.001)Weighted average
   number of common shares used in per share calculations
   
   
   
   30,089,041
   
   15,450,644




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





11

---

Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)Statements of Cash Flows 
(Expressed in U.S. Dollars)

---

|                                                                       | For the 
  period from 
  the date of 
  inception on 
  13 May 2005 
  to 31 
  December
  2006 | For the
  year 
  ended 31 
  December 
  2006 | For the 
  period from 
  the date of 
  inception on 
  13 May 2005
   to 31 
  December 
  2005
|---------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------ | ---------------------------------------------- | -------------------------------------------------------------------------------------------------
|                                                                       |                                                                                                  | $                                              |                                                                                                  
|                                                                       |                                                                                                  |                                                |                                                                                                  
|Cash flows from
  operating activities                                 |                                                                                                  |                                                |                                                                                                  
|Net loss for the
  period                                              |                                                                                                  | (119,174)                                      |                                                                                                  
|Adjustments to reconcile loss to net cash used by operating activities |                                                                                                  |                                                |                                                                                                  
|Contributions to capital by related party - expenses (Notes 7 and 10)  |                                                                                                  | 24,000                                         |                                                                                                  
|Increase in accrued interest                                           |                                                                                                  | 14,521                                         |                                                                                                  
|Changes in operating
  assets and liabilities                          |                                                                                                  |                                                |                                                                                                  
|(Increase) decrease in prepaid expenses                                |                                                                                                  | -                                              |                                                                                                  
|Increase in accounts payable and accrued liabilities                   |                                                                                                  | 16,401                                         |                                                                                                  
|                                                                       |                                                                                                  |                                                |                                                                                                  
|                                                                       |                                                                                                  | (64,252)                                       |                                                                                                  
|                                                                       |                                                                                                  |                                                |                                                                                                  
|Cash flows from
  financing activities                                 |                                                                                                  |                                                |                                                                                                  
|Common shares issued
  for cash                                        |                                                                                                  | 108,692                                        |                                                                                                  
|Warrants issued for
  cash                                             |                                                                                                  | 308                                            |                                                                                                  
|Increase in
  convertible promissory notes payable                     |                                                                                                  | 1,000,000                                      |                                                                                                  
|Increase (decrease) in
  due to related party                          |                                                                                                  | -                                              |                                                                                                  
|                                                                       |                                                                                                  |                                                |                                                                                                  
|                                                                       |                                                                                                  | 1,109,000                                      |                                                                                                  
|                                                                       |                                                                                                  |                                                |                                                                                                  
|Increase in cash
  and cash equivalents                                |                                                                                                  | 1,044,748                                      |                                                                                                  
|                                                                       |                                                                                                  |                                                |                                                                                                  
|Cash and cash
  equivalents, beginning of period                       |                                                                                                  | -                                              |                                                                                                  
|                                                                       |                                                                                                  |                                                |                                                                                                  
|Cash and cash
  equivalents, end of period                             |                                                                                                  | 1,044,748                                      |                                                                                                  

A total of $1,000,000 of cash and cash equivalents at 31 December 2006 is
restricted (Note 6).

Supplemental Disclosures with Respect to Cash Flows (Note 10)





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





12

---

Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)Statements of Changes in Stockholders' Equity
(Expressed in U.S. Dollars)

---

Number of 
   common 
   shares issued
   Capital 
   stock
   Additional 
   paid-in 
   capital
   Warrants
   Deficit, 
   accumulated 
   during the 
   development 
   stage
   Stockholders' 
   equity$
   
   $
   
   $
   
   $
   
   $Balance at 13 May
   2005(inception)Common shares issued
   for cash - 25 July 2005
   
   22,500,000
   
   22,500
   
   (13,500)
   
   -
   
   -
   
   9,000Net loss for the
   period
   
   -
   
   -
   
   -
   
   -
   
   (19,586)
   
   (19,586)Balance at 31
   December 2005
   
   22,500,000
   
   22,500
   
   (13,500)
   
   -
   
   (19,586)
   
   (10,586)Common shares issued
   for cash - 30 March 2006
   (Note 5)
   
   10,000,000
   
   10,000
   
   89,692
   
   -
   
   -
   
   99,692Warrants granted for
   cash - 30 March 2006 (Note 5)
   
   -
   
   -
   
   -
   
   308
   
   -
   
   308Contributions to
   capital by related party - expenses (Notes 7 and 10)
   
   -
   
   -
   
   24,000
   
   -
   
   -
   
   24,000Net loss for the year
   
   -
   
   -
   
   -
   
   -
   
   (99,588)
   
   (99,588)Balance at 31 December 2006
   
   32,500,000
   
   32,500
   
   100,192
   
   308
   
   (119,174)
   
   13,826








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



13

---

Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. Dollars)
31 December 2006

---



1. Nature and Continuance of Operations
 Platinum Research Organization, Inc. (formerly NorthTech Corporation) (the
 "Company" or "NorthTech") was incorporated under the laws of the State of
 Nevada on 13 May 2005. The Company was incorporated for the purpose of
 developing and marketing two database management programs, one for small
 businesses and the other for community-based sports teams.
 On 11 October 2006 the Company incorporated a wholly owned subsidiary
 "Platinum Research Organization, Inc. ("Platinum Subsidiary") in the state of
 Nevada. Effective 31 October 2006, the Company merged with Platinum Subsidiary
 for the purpose of effecting a change of name to "Platinum Research
 Organization, Inc." and a recapitalization of the Company's capital stock.
 Pursuant to an agreement and plan of merger dated 18 October 2006 (the
 "Merger"), each outstanding share of the Company was exchanged for and became
 five shares of Platinum Subsidiary common stock on the effective date of the
 Merger. Platinum Subsidiary assumed the outstanding warrants of the Company,
 which will be exercisable for shares of Platinum Subsidiary common stock. Each
 such warrant is exercisable for five shares of Platinum Subsidiary common stock
 at the same price as one common share of the Company. For accounting purposes,
 the Merger has been accounted for as a recapitalization of NorthTech. The
 Company's historical financial statements prior to the recapitalization reflect
 the financial position, results of operations and cash flows of NorthTech, and
 have been adjusted to reflect that each outstanding share of NorthTech was
 exchanged for and became five shares of Platinum Subsidiary common stock.
 The Company is a development stage enterprise, as defined in Statements of
 Financial Accounting Standards ("SFAS") No. 7. The Company is devoting all of
 its present efforts to securing and establishing a new business and its planned
 principle operations have not commenced. Accordingly, no revenue has been
 derived during the organization period.
 The Company's financial statements as at 31 December 2006 and for the year
 then ended have been prepared on a going concern basis, which contemplates the
 realization of assets and the settlement of liabilities and commitments in the
 normal course of business. The Company has a loss of $99,588 for the year ended
 31 December 2006 (2005 - $19,586) and has a working capital deficiency of
 $986,174 at 31 December 2006 (2005 - working capital deficiency of $10,586).
 Management cannot provide assurance that the Company will ultimately achieve
 profitable operations or become cash flow positive, or raise additional debt
 and/or equity capital. Management believes that the Company's capital resources
 should be adequate to continue operating and maintaining its business strategy
 during the fiscal year ending 2007. However, if the Company is unable to raise
 additional capital in the near future, due to the Company's liquidity problems,
 management expects that the Company will need to curtail operations, liquidate
 assets, seek additional capital on less favorable terms and/or pursue other
 remedial measures. These financial statements do not include any adjustments
 related to the recoverability and classification of assets or the amounts and
 classification of liabilities that might be necessary should the Company be
 unable to continue as a going concern.
 At 31 December 2006, the Company was not engaged in a business and had
 suffered losses from development stage activities to date. Although management
 is currently attempting to implement its business plan, and is seeking
 additional sources of equity or debt financing, there is no assurance these
 activities will be successful. Accordingly, the Company must rely on its
 president to perform essential functions without
 14

---

Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. Dollars)
31 December 2006

---

> compensation until a business operation can be commenced. These factors
>  raise substantial doubt about the ability of the Company to continue as a going
>  concern. The financial statements do not include any adjustments that might
>  result from the outcome of this uncertainty.

1. Significant Accounting Policies
 The following is a summary of significant accounting policies used in the
 preparation of these financial statements.
 Basis of presentation
 
 The financial statements of the Company have been prepared in accordance
 with accounting principles generally accepted in the United States of America
 applicable to development stage enterprises, and are expressed in U.S. dollars.
 The Company's fiscal year end is 31 December.
 Cash and cash equivalents
 
 Cash and cash equivalents include highly liquid investments with original
 maturities of three months or less.
 
 Financial instruments
 
 The carrying value of cash, accounts payable and accrued liabilities, due to
 related parties and convertible promissory notes payable approximates their
 fair value because of the short maturity of these instruments. The Company's
 operations are in Canada and virtually all of its assets and liabilities are
 giving rise to significant exposure to market risks from changes in foreign
 currency rates. The Company's financial risk is the risk that arises from
 fluctuations in foreign exchange rates and the degree of volatility of these
 rates. Currently, the Company does not use derivative instruments to reduce its
 exposure to foreign currency risk.
 Derivative financial instruments
 
 The Company has not, to the date of these financial statements, entered into
 derivative instruments to offset the impact of foreign currency fluctuations.
 Income taxes
 
 Deferred income taxes are reported for timing differences between items of
 income or expense reported in the financial statements and those reported for
 income tax purposes in accordance with SFAS No. 109, Accounting for Income
 Taxes, which requires the use of the asset/liability method of accounting
 for income taxes. Deferred income taxes and tax benefits are recognized for the
 future tax consequences attributable to differences between the financial
 statement carrying amounts of existing assets and liabilities and their
 respective tax bases, and for tax loss and credit carry-forwards. Deferred tax
 assets and liabilities are measured using enacted tax rates expected to apply
 to taxable income in the years in which those temporary differences are
 expected to be recovered or settled. The Company provides for deferred taxes
 for the estimated future tax effects attributable to temporary differences and
 carry-forwards when realization is more likely than not.
 15

---



Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. Dollars)
31 December 2006

---

> Basic and diluted net loss per share

The Company computes net loss per share in accordance with SFAS No. 128, Earnings per Share. SFAS No. 128 requires presentation of both basic and
 diluted earnings per share ("EPS") on the face of the income statement. Basic
 EPS is computed by dividing net loss available to common shareholders
 (numerator) by the weighted average number of shares outstanding (denominator)
 during the period. Diluted EPS gives effect to all potentially dilutive common
 shares outstanding during the period using the treasury stock method and
 convertible preferred stock using the if-converted method. In computing diluted
 EPS, the average stock price for the period is used in determining the number
 of shares assumed to be purchased from the exercise of stock options or
 warrants. Diluted EPS excludes all potentially dilutive shares if their effect
 is anti-dilutive.

Comprehensive loss

SFAS No. 130, Reporting Comprehensive Income, establishes standards
 for the reporting and display of comprehensive loss and its components in the
 financial statements. As at 31 December 2006, the Company has no items that
 represent a comprehensive loss and, therefore, has not included a schedule of
 comprehensive loss in the financial statements.

Segments of an enterprise and related information

SFAS No. 131, Disclosures about Segments of an Enterprise and Related
 Information, supersedes SFAS No. 14, Financial Reporting for Segments of
 a Business Enterprise. SFAS 131 establishes standards for the way that
 public companies report information about operating segments in annual
 financial statements and requires reporting of selected information about
 operating segments in interim financial statements issued to the public. It
 also establishes standards for disclosures regarding products and services,
 geographic areas and major customers. SFAS 131 defines operating segments as
 components of a company about which separate financial information is available
 that is evaluated regularly by the chief operating decision maker in deciding
 how to allocate resources and in assessing performance. The Company has
 evaluated this SFAS and does not believe it is applicable at this time.

Start-up expenses

The Company has adopted Statement of Position No. 98-5, "Reporting the
 Costs of Start-up Activities", which requires that costs associated with
 start-up activities be expensed as incurred.  Accordingly, start-up costs
 associated with the Company's formation have been included in the Company's
 expenses for the period from the date of inception on 13 May 2005 to 31
 December 2006.

Foreign currency translation

The Company's functional and reporting currency is in U.S. dollars. The
 financial statements of the Company are translated to U.S. dollars in
 accordance with SFAS No. 52, Foreign Currency Translation. Monetary
 assets and liabilities denominated in foreign currencies are translated using
 the exchange rate prevailing at the balance sheet date. Gains and losses
 arising on translation or settlement of foreign currency denominated
 transactions or balances are included in the determination of income. The
 Company has not, to the date of these financial statements, entered into
 derivative instruments to offset the impact of foreign currency fluctuations.

16

---



Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. Dollars)
31 December 2006

---

> 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 amounts of assets
>  and liabilities and disclosures of contingent assets and liabilities at the
>  date of the financial statements and the reported amounts of revenues and
>  expenditures during the reporting period. Actual results could differ from
>  these estimates.

> Recent accounting pronouncements

> In September 2006, the Financial Accounting Standards Board (the "FASB")
>  issued SFAS No. 158, "Employers' Accounting for Defined Benefit Pension and
>  Other Postretirement Plans - an amendment of FASB Statements No. 87, 88, 106
>  and 132(R)" (SFAS 158"). SFAS 158 requires an employer that sponsors one or
>  more single-employer defined benefit plans to (a) recognize the overfunded or
>  underfunded status of a benefit plan in its statement of financial position,
>  (b) recognize as a component of other comprehensive income, net of tax, the
>  gains or losses and prior service costs or credits that arise during the period
>  but are not recognized as components of net periodic benefit cost pursuant to
>  SFAS 87, "Employers' Accounting for Pensions", or SFAS 106, "Employers'
>  Accounting for Postretirement Benefits Other Than Pensions", (c) measure
>  defined benefit plan assets and obligations as of the date of the employer's
>  fiscal year-end, and (d) disclose in the notes to financial statements
>  additional information about certain effects on net periodic benefit cost for
>  the next fiscal year that arise from delayed recognition of the gains or
>  losses, prior service costs or credits, and transition asset or obligation.
>  SFAS 158 is effective for the Company's fiscal year ending 31 December 2007.
>  The Company is currently reviewing the impact of this statement.

> In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurement"
>  ("SFAS 157"). The Statement provides guidance for using fair value to measure
>  assets and liabilities. The Statement also expands disclosures about the extent
>  to which companies measure assets and liabilities at fair value, the
>  information used to measure fair value, and the effect of fair value
>  measurement on earnings. This Statement applies under other accounting
>  pronouncements that require or permit fair value measurements. This Statement
>  does not expand the use of fair value measurements in any new circumstances.
>  Under this Statement, fair value refers to the price that would be received to
>  sell an asset or paid to transfer a liability in an orderly transaction between
>  market participants in the market in which the entity transacts. SFAS 157 is
>  effective for the Company for fair value measurements and disclosures made by
>  the Company in its fiscal year beginning on 1 January 2008. The Company is
>  currently reviewing the impact of this statement.

> In March 2006, the Financial Accounting Standards Board (the "FASB")issued SFAS No. 156, "Accounting for Servicing of Financial Assets",
>  which amends SFAS No. 140, "Accounting for Transfers and Servicing of
>  Financial Assets and Extinguishments of Liabilities". SFAS No. 156 may be
>  adopted as early as 1 January 2006, for calendar year-end entities, provided
>  that no interim financial statements have been issued. Those not choosing to
>  early adopt are required to apply the provisions as of the beginning of the
>  first fiscal year that begins after 15 September 2006 (e.g., 1 January 2007,
>  for calendar year-end entities).  The intention of the new statement is to
>  simplify accounting for separately recognized servicing assets and liabilities,
>  such as those common with mortgage securitization activities, as well as to
>  simplify efforts to obtain hedge-like accounting.  Specifically, the FASB
>  said SFAS No. 156 permits a servicer using derivative financial instruments to
>  report both the derivative financial instrument and related servicing asset or
>  liability by using a consistent measurement attribute, or fair value.  The
>  adoption of SFAS No. 156 is not expected to have a material impact on the
>  Company's financial position, results of operations or cash flows.

17

---



Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. Dollars)
31 December 2006

---

> In February 2006, the FASB issued SFAS No. 155, "Accounting for Certain
>  Hybrid Financial Instruments", which amends SFAS No. 133, "Accounting
>  for Derivative Instruments and Hedging Activities" and SFAS No. 140. SFAS
>  No. 155 permits fair value measurement for any hybrid financial instrument that
>  contains an embedded derivative that otherwise would require bifurcation,
>  establishes a requirement to evaluate interests in securitized financial assets
>  to identify interests that are freestanding derivatives or hybrid financial
>  instruments containing embedded derivatives. The adoption of SFAS No. 155 is
>  not expected to have a material impact on the Company's financial position,
>  results of operations or cash flows.

1. Accounts Payable and Accrued Liabilities
 Accounts payable and accrued liabilities are non-interest bearing, unsecured
 and have settlement dates within one year.
2. Due to Related Party
 As at 31 December 2006, the amount due to a related party consists of $Nil
 (31 December 2005 - $5,000) payable to a director and shareholder of the
 Company. This balance is non-interest bearing, unsecured, and has no fixed
 terms of repayment.
3. Capital StockAuthorized
 
 The total authorized capital is 400,000,000 common shares with a par value
 of $0.001 per common share and 100,000,000 preferred shares with a par value of
 $0.001 per preferred share.
 In contemplation of the completion of the Contribution Agreement (Note 9), a
 total of 5,000,000 authorized preferred shares have been designated as Series
 "A" Preferred Shares (the "Series A Preferred Shares") which are convertible
 into common shares of the Company at a rate of five common shares for each
 Series A Preferred Share at any time by the holder or by the Company under
 certain conditions.
 The terms of the Series A Preferred Shares entitle the holder to annual
 cumulative dividends of $0.09 per Series A Preferred Share, payable quarterly
 at the discretion of the Company's Board of Directors (Note 9). The annual
 cumulative dividend will be reduced to $0.045 per Series A Preferred Share upon
 the Company entering into a commercial agreement(s) which will increase the
 Company's aggregate revenues to $40,000,000 per annum and to an annual $0.018
 per Series A Preferred Share upon the Company recording net revenues equal to
 or greater than $1,000,000 per quarter.
 The Series A Preferred Shares have a maturity date of five years from the
 date of closing of the Contribution Agreement (Note 9).
 
 Issued and outstanding
 
 The total issued and outstanding capital stock is 32,500,000 common shares
 with a par value of $0.001 per common share.

18

---



Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. Dollars)
31 December 2006

---

> On 11 October 2006 the Company incorporated a wholly owned subsidiary
>  Platinum Subsidiary in the state of Nevada. Effective 31 October 2006, the
>  Company merged with Platinum Subsidiary for the purpose of effecting a change
>  of name to "Platinum Research Organization, Inc." and a recapitalization of the
>  Company's capital stock. Pursuant to a Merger dated 18 October 2006, each
>  outstanding share of the Company was exchanged for and became five shares of
>  Platinum Subsidiary common stock on the effective date of the Merger. For
>  accounting purposes, the Merger has been accounted for as a recapitalization of
>  NorthTech. The Company's historical financial statements prior to the
>  recapitalization reflect the financial position, results of operations and cash
>  flows of NorthTech, and have been adjusted to reflect that each outstanding
>  share of NorthTech was exchanged for and became five shares of Platinum
>  Subsidiary common stock.
>  On 25 July 2005, 22,500,000 common shares of the Company
>  were issued for cash proceeds of $9,000.
>  On 30 March 2006, 10,000,000 Units (the "Units") of the
>  Company were issued for cash proceeds of $100,000. Each Unit consists of one
>  common share of the Company and one fifth of one share purchase warrant. Each
>  full share purchase warrant entitles the holder to purchase an additional five
>  common shares of the Company at a price of $0.25 per common share expiring 30
>  March 2009.
>  
>  Warrants
>  
>  The following share purchase warrants were outstanding at 31 December 2006:



Exercise price
   
   Number
   of warrants
   
   Remaining|
   contractual life (years)$Warrants
   
   0.25
   
   2,000,000
   
   2.252,000,000






19

---



Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. Dollars)
31 December 2006

---

> The following is a summary of warrant activities during the year ended 31
>  December 2006:



Number of 
   warrants
   
   Weighted 
   average exercise 
   price$Outstanding and exercisable at 31
   December 2005
   
   -
   
   -Granted
   
   2,000,000
   
   0.25Exercised
   
   -
   
   -Expired
   
   -
   
   -Outstanding and exercisable at 31
   December 2006
   
   2,000,000
   
   0.25Weighted average fair value of
   warrants granted during the year ended 31 December 2006
   
   
   
   0.0002




> The weighted average grant date fair value of warrants issued during the
>  year ended 31 December 2006 is $0.0002 per warrant. The fair value of each
>  warrant granted was determined using the Black-Scholes option pricing model and
>  the following weighted average assumptions:





31 
   December 
   2006Risk free interest rate
   
   
   
   
   
   4.83%Expected life
   
   
   
   
   
   3 yearsAnnualized volatility
   
   
   
   
   
   125%Expected dividends
   
   
   
   
   
   0%






20

---



Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. Dollars)
31 December 2006

---



1. Convertible Promissory Notes Payable
2. Related Party Transactions
 During the year ended 31 December 2006, an officer, director and shareholder
 of the Company made contributions to capital for management fees and rent of
 $20,400 (31 December 2005 - $Nil, cumulative - $20,400) and $3,600 (31 December
 2005 - $Nil, cumulative - $3,600) respectively (Note 10). These amounts have
 been recorded as an increase in expenditures and an increase in additional
 paid-in capital.

21

---



Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. Dollars)

---

31 December 2006

1. Income Taxes
 The Company has losses carried forward for income tax purposes to 31
 December 2006. There are no current or deferred tax expenses for the period
 ended 31 December 2006 due to the Company's loss position. The Company has not
 reserved for any benefits of these losses. The deferred tax consequences of
 temporary differences in reporting items for financial statement and income tax
 purposes are recognized, as appropriate. Realization of the future tax benefits
 related to the deferred tax assets is dependent on many factors, including the
 Company's ability to generate taxable income within the net operating loss
 carry forward period. Management has considered these factors in reaching its
 conclusion as to the valuation allowance for financial reporting purposes.
 The provision for refundable federal income tax consists of the following:



For the year 
   ended 31
    December
    2006
   
   For the period 
   from the date of
    inception on 13
    May 2005 to 31
    December 2005$
   
   $Deferred tax asset
   attributable to:Current operations
   
   33,860
   
   6,659Contributions to
   capital by related party - expenses
   
   (8,160)
   
   -Less: Change in
   valuation allowance
   
   (25,700)
   
   (6,659)Net refundable amount
   
   -
   
   -




The composition of the Company's deferred tax asset as at 31 December 2006
and 31 December 2005 is as follows:



As at 31 
   December 
   2006
   
   As at 31
    December 
   2005$
   
   $Net operating loss carry forward
   
   95,173
   
   19,586Statutory federal income tax rate
   
   34%
   
   34%Effective income tax rate
   
   0%
   
   0%Deferred tax asset
   
   32,359
   
   6,659Less: Valuation allowance
   
   (32,359)
   
   (6,659)Net deferred tax asset
   
   -
   
   -




22

---



Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. Dollars)
31 December 2006

---

> The potential income tax benefit of these losses has been offset by a full
>  valuation allowance.
>  As at 31 December 2006, the Company has an unused net operating loss carry
>  forward balance of approximately $95,173 that is available to offset future
>  taxable income. This unused net operating loss carry forward balance for income
>  tax purposes expires in 2025 and 2026.

1. Commitments



> On 26 October 2006, the Company entered into a contribution agreement (the
>  "Contribution Agreement") with Platinum Research Organization L.P.,  a limited
>  partnership ("Platinum LP"), Lubrication Partners, joint venture ("GP
>  Transferor") and sole shareholder of Platinum IP Management, Inc., the general
>  partner of Platinum LP ("PRO GP"), each holding a limited partnership interest
>  in Platinum LP (each, a "Limited Partner" and collectively, the "PRO
>  Transferors") and John T. (Cork) Jaeger as the representative of all PRO
>  Transferors (the "PRO Transferor Representative"), and Steve Drayton as the
>  representative (the "Investor Representative") of all certain individuals who
>  are expected to invest in the Company (other than the PRO Transferors) (the
>  "Investors") in a private placement to be completed in conjunction with the
>  Contribution Agreement.
>   
>  Under the terms of the Contribution Agreement GP Transferor shall contribute to
>  the Company all of the capital stock of PRO GP, each Limited Partner shall
>  contribute to the Company all of the outstanding limited partner partnership
>  interests of Platinum LP, and the Investors will contribute to the Company an
>  aggregate minimum cash amount of $4,500,000. 
>   
>  In consideration the Company has agreed to complete the following:
>  The Company will issue to the PRO Transferors 55,000,000 unregistered
>    shares of common stock of the Company.
>    The Company will issue to the Investors 5,000,000 Series A Preferred
>    Shares and 2,500,000 share purchase warrants (the "Warrants"). The Warrants
>    will be issued to the Investors on the closing date. Each Warrant is to be
>    exercisable for one common share of the Company at an exercise price of $0.26
>    per share for a three year period from date of closing.
>    The Company entered into a bridge loan agreement (the "Loan Agreement")
>    with Platinum LP, pursuant to which the Company is to loan Platinum LP
>    $1,000,000 (the "Platinum LP Note"). The Platinum LP Note bears regular
>    interest at an annual rate of 10% per annum, is due and payable six months
>    from the date of issuance, and is secured by a second lien on all of the
>    assets of Platinum LP. Subsequent to the year-end, the Company advanced
>    $1,000,000 to Platinum LP (Note 11).

> The closing of the Contribution Agreement is subject to
>  shareholder approval and other terms and conditions. There can be no assurance
>  that the transactions contemplated by the Contribution Agreement will be
>  consummated.



23

---



Platinum Research Organization, Inc.
(formerly NorthTech Corporation)
(A Development Stage Company)
Notes to Financial Statements
(Expressed in U.S. Dollars)
31 December 2006

---



1. Supplemental Disclosures with Respect to Cash Flows
 
 
 For the period from the date of inception on 13 May 2005 to
    31 December 2006
    
    For the year
    ended 31 December 2006
    
    For the period from the date of inception on 13 May
    2005 to 31 December 2005$
    
    $
    
    $Cash paid during the period for
    interest
    -
    
    -
    
    -Cash paid during the period for
    income taxes
    -
    
    -
    
    -
 
 During the year ended 31 December 2006, an officer, director and stockholder
 of the Company made contributions to capital for management fees and rent of
 $20,400 (31 December 2005 - $Nil, cumulative - $20,400) and $3,600 (31 December
 2005 - $Nil, cumulative - $3,600) respectively (Note 7).
 During the year ended 31 December 2006, the Company accrued
 unpaid interest expense of $14,521 (2005 - $Nil) related to convertible
 promissory notes payable (Note 0).
 
 At 31 December 2006, the Company had restricted cash and
 cash equivalents designated to be used to advance a bridge loan to Platinum LP
 as is required under the Contribution Agreement (Note 9).
2. Subsequent Events

> The following events occurred subsequent to 31 December 2006:
>  Bridge Loan Agreement
>   On 9 January 2007 the Company advanced $1,000,000 to Platinum LP under the
>   terms of the Loan Agreement (Note 9). The Platinum LP Note bears interest at
>   10% per annum, is due and payable six months from the date of issuance and is
>   secured by a general security agreement over Platinum LP assets. The Company's
>   general security agreement over Platinum LP assets is subordinate to other
>   existing Platinum LP debt arrangements.
>   Omnibus Amending Agreement
>   The Company entered into an amending agreement whereby the Company will
>   assume certain general security obligations upon closing of the Contribution
>   Agreement (Note 9).
>   The Company issued an additional 10,000,000 common share for total cash
>   proceeds of $500,000 for share purchase warrants exercised.





24

---

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

Not Applicable

ITEM 8A. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Ms. Pineda has evaluated the effectiveness of our disclosure controls and
procedures pursuant to Exchange Act Rule 13a-15(b) as of the end of the period
covered by this report. Based on that evaluation, she has concluded that our
current disclosure controls and procedures are effective.



Changes in Internal Control over Financial Reporting

There was no change during the fiscal year ended December 31, 2006 that has
materially affected, or is reasonably likely to materially affect, our internal
control over financial reporting.

ITEM 8B. OTHER INFORMATION

Not Applicable

PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS,
CONTROL PERSONS AND CORPORATE GOVERNANCE; COMPLIANCE WITH SECTION 16(a) OF THE
EXCHANGE ACT

Identification of Directors and Executive Officers

The following table sets forth the names, positions and ages of our executive
officer and directors.

Name
   Age
   Position
   SinceCecelia Pineda
   61
   President, CEO, CFO,
   Treasurer, Principal Accounting Officer, Secretary and Director
   May 13, 2005


Ms. Pineda has held the above offices/positions since inception and is
expected to hold said offices/positions until the next meeting of stockholders.

Background of Officers and Directors

The principal occupation and business experience during the last five years
for our present director and executive officer is as follows:

Cecelia Pineda, President, CEO, CFO, Treasurer, Principal Accounting Officer,
Secretary and Director. Ms. Pineda has been our sole executive officer and
director since inception in May 2005. Ms. Pineda graduated from the University
of British Columbia in Vancouver with a Bachelor of Arts degree in 1964 and has
worked mainly in the field of Adult Continuing Education since that time. From
April 2003 to the present, Ms. Pineda has been a self-employed independent
contractor assisting public and private companies to develop training plans and
develop and write copy for corporate websites and brochures. From January 2002
to April 2003, she was a Senior Program Coordinator at Vancouver Community
College in Vancouver BC, Canada. Her responsibilities included developing,
programming and marketing training programs for adults.

25

---

From January 1991 to January 2002, she was a Program Coordinator for the
Vancouver School in Vancouver BC, Canada. Her responsibilities included
developing, programming and marketing multiple programs for adults. Ms. Pineda
has not held directorships in any other publicly reporting companies and devotes
approximately 30 hours per week to the business of our Company.

Involvement in Certain Legal Proceedings

During the past five years, our sole director and officer has not been:



- a general partner or executive officer of any business against which any
 bankruptcy petition was filed, either at the time of the bankruptcy or two
 years prior to that time;
- convicted in a criminal proceeding or named subject to a pending criminal
 proceeding (excluding traffic violations and other minor offenses);
- subject to any order, judgment or decree, not subsequently reversed,
 suspended or vacated, of any court of competent jurisdiction, permanently or
 temporarily enjoining, barring, suspending or otherwise limiting his
 involvement in any type of business, securities or banking activities; or
- found by a court of competent jurisdiction (in a civil action), the
 Securities and Exchange Commission or the Commodity Futures Trading Commission
 to have violated a federal or state securities or commodities law, and the
 judgment has not been reversed, suspended or vacated.

Audit Committee Financial Expert

We do not have a standing Audit Committee. The functions of the Audit
Committee are currently assumed by our Board of Directors which consists of one
person. Additionally, we do not have a member on our board of directors that has
been designated as an audit committee "financial expert." We do not believe that
the addition of such an expert would add anything meaningful to our company at
this time. It is also unlikely we would be able to attract an independent
financial expert to serve on our Board of Directors at this stage of our
development. Compliance with Section 16(a) of the Securities Exchange Act of 1934

Under the securities laws of the United States, our directors, executive
officers (and certain other officers) and any persons holding more than 10% of
our outstanding voting securities are required to report their ownership in our
securities and any changes in that ownership to the SEC. Based solely upon
reliance on the verbal and written representations of our director and officer,
all reporting persons were in compliance with Section 16(a) of the Securities
Exchange Act of 1934 during fiscal 2006.

Code of Ethics

We have not adopted a Code of Ethics at this time and we are reviewing the
necessity of adopting such a document at this time given the composition of our
Board of Directors and Officer and our scale of its operations at this time.

Continued on Next Page

26

---

ITEM 10. EXECUTIVE COMPENSATION

Summary Compensation of Executive Officers

The following table contains information concerning the compensation paid
during our fiscal years ended December 31, 2006, and 2005 to the persons who
served as our Chief Executive Officers, and each of the two other most highly
compensated executive officers during 2006 and 2005 (collectively, the "Named
Executive Officers").



|SUMMARY COMPENSATION TABLE                             
|-------------------------------------------------------
|Name and Principal
  Position                          
|Cecelia
  Pineda, President CEO, CFO and Director(1)(2)
|2005                                                   





|Notes:
|------
|(1)   
|(2)   



Compensation of Directors

No cash compensation was paid to any of our directors for their director's
services as a director during the fiscal year ended December 31, 2006 or
December 31, 2005. We have no standard arrangement pursuant to which our
directors are compensated for their services in their capacity as directors
except for the granting from time to time of stock options, restricted stock and
stock appreciation rights under the our stock option plan which was recently
approved by our Board of Directors. The Board of Directors may award special
remuneration to any director undertaking any special services on our behalf
other than services ordinarily required of a director. No director received
and/or accrued any compensation for his services as a director, including
committee participation and/or special assignments in the last two years.



Continued on Next Page.

27

---

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

Table of Certain Beneficial Owners and Management

The following table sets forth certain information regarding our common stock
beneficially owned as of March 12, 2007 (i) each shareholder known by us to be
the beneficial owner of five (5%) percent or more of our issued and outstanding
common stock, (ii) each executive officer and director, and (iii) all executive
officers and directors as a group. As of March 12, 2007, there were 42,500,000
shares of our common stock issued and outstanding.

Name and Address 
   of Beneficial Owner
   Amount and Nature of
   Beneficial Ownership(1)
   Percent of ClassCecelia Pineda
   421-1917 West 4th Ave.
   Vancouver BC, V6K 2N5
   22,500,000
   (Restricted securities as defined in theSecurities Act of 1933)
   52.94%All officers and
   directors
   as a group (1 person).
   22,500,000
   (Restricted securities as defined in theSecurities Act of 1933)
   52.94%


Notes:(1)
   
   Unless otherwise indicated, the
   named party is believed to have sole investment and voting control of the
   shares set forth in the above table.






There are currently no options, warrants, rights or other securities
conversion privileges granted to our officer, director or beneficial owner.

Equity Compensation Plan

We did not have an equity compensation plan in place during the fiscal year
ended December 31, 2006. The Board of Directors adopted an equity compensation
plan in January 2007 subject to approval by the stockholders of the Company.

Changes in Control

As previously disclosed, we have entered into a contribution agreement dated
October 26, 2006 with Platinum Research Organization L.P. ("Platinum LP")
and other parties (the "Contribution Agreement") under which we have
agreed to issue the general and limited partners of Platinum LP an aggregate
total of fifty-five million (55,000,000) shares of our common stock on close of
the transaction for 100% of the capital stock and partnership interests they
hold in Platinum LP. We have also agreed to issue to certain investors five
million (5,000,000) unregistered shares of newly created Series "A" preferred
stock in the Company and two million (2,000,000) common stock share purchase
warrants to Investa Corporation, and five hundred thousand (500,000) common
stock share purchase warrants to Ms. Pineda. The preferred stock may be
converted into shares of common stock on a five shares of common stock for every
one share of preferred stock basis. Each warrant is exercisable for one share of
common stock at an exercise price of $0.26 per share. Ms. Pineda has agreed to
cancel her 22,500,000 shares of common stock of the Company in support of the
Contribution Agreement. As a result of the foregoing, the former partners of
Platinum LP will own approximately 53.66% of our issued and outstanding shares
of common stock, the new investors 26.83% and the new warrant holders 2.44%, on
a fully diluted basis, and the current outside stockholders of the Company will
hold the remaining 17.07% our issued and outstanding shares.

Upon consummation of the Contribution Agreement, we intend to appoint six new
directors to our Board of Directors: Messrs. Thomas G. Plaskett, Cork Jaeger,
Allan McArtor, Arnold Burns, Ben du Pont, and Mike McMillan. Our current
director and officer, Ms. Cecelia Pineda, will resign on close of the
Contribution Agreement.

28

---

The Contribution Agreement and the appointment of a new slate of directors
are subject to us obtaining stockholder approval.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED
TRANSACTIONS, AND DIRECTOR INDEPENDENCE

Certain Relationships and Related Transactions

During the year ended December 31, 2005, we received net cash advances from
our sole director and officer, Cecelia Pineda, of US $5,000. As of December 31,
2006, we owed $0 to Ms. Pineda. The amount originally due to and from Ms. Pineda
were unsecured, non-interest bearing and did not have specific terms of
repayment.

During the year ended December 31, 2006, Ms. Pineda made contributions to
capital for management fees and rent of $20,400 (31 December 2005 - $Nil) and
$3,600 (31 December 2005 - $Nil) respectively (Note 10). In our audited
financial statements these amounts have been recorded as an increase in
expenditures and an increase in additional paid-in capital.

Director Independence

We currently do not have any independent directors, as the term "independent"
is defined by the rules of the Nasdaq Stock Market (Note: Our shares of common
stock are not listed on NASDAQ or any other national securities exchange and
this reference is used for definition purposes only). We currently only have one
director on our Board of Directors.

Continued on Next Page

29

---

ITEM 13. EXHIBITS



Exhibit Number
   
   Exhibit Title2.1
   
   Contribution Agreement(2)2.2
   
   Amendment to Contribution
   Agreement dated December 26, 2006(3)2.3
   
   Amendment to Contribution
   Agreement dated February 28, 2007 (4)3(i)
   
   Articles of Incorporation(1)3(ii)
   
   Articles of Merger(1)3(iii)
   
   Bylaws (1)4.1
   
   Convertible Promissory Note
   Purchase Agreement(2)4.2
   
   Subscription Agreement for Series
   "A" Preferred Stock(2)4.3
   
   Certificate of Designation of
   Series "A" Preferred Stock(2)4.4
   
   Registration Rights Agreement(2)4.5
   
   Warrant Purchase Agreement(2)4.6
   
   Voting Agreement(2)4.7
   
   Lock-Up Agreement(2)4.8
   
   Bridge Loan Agreement(3)4.9
   
   Platinum LP Promissory Note(3)4.10
   
   Security Agreement(3)4.11
   
   Subordination Agreement(3)4.12
   
   Omnibus Amending Agreement(3)31.a
   
   Certificate of CEO as Required by
   Rule 13a-14(a)/15d-1431.b
   
   Certificate of CFO as Required by
   Rule 13a-14(a)/15d-1432.a
   
   Certificate of CEO and CFO as
   Required by Rule Rule 13a-14(b) and Rule 15d-14(b) (17 CFR 240.15d-14(b)) and
   Section 1350 of Chapter 63 of Title 18 of the United States Code


Notes:
(1) Included in Form 8-K filed on October 18, 2006.
(2) Included in Form 8-K/A filed on November 3, 2006.
(3) Included in Form 8-K filed on January 11, 2007
(4) Included in Form 8-K filed on March 5, 2007

30

---

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

Fees and Services

James Stafford, Chartered Accountants, audited our financial statements for
fiscal 2006 and 2005, as well as the quarterly statements for fiscal 2006 and
2005. The following is an aggregate of fees billed for each of the last two
fiscal years for professional services rendered by our principal accountants:



|                                                                                                  | 2006    |                                    | 2005  
|------------------------------------------------------------------------------------------------- | ------- | ---------------------------------- | ------
|Audit fees
  - auditing of our annual financial statements and preparation of auditors'
  report. | 4,505   | (1)                                | $4,505
|Audit-related fees - review of each of the quarterly financial statements.                        | 11,289  |                                    | -     
|Tax fees -
  preparation and filing of three major tax-related forms and tax planning.            | -       |                                    | -     
|All other
  fees-other services provided by our principal accountants.                            | -       | -                                 
|Total fees
  paid or accrued to our principal accountants                                         | $15,794 |                                    | $4,505
|                                                                                                  |         |                                   
|Notes:                                                                                            | (1)     | This
  number is an estimate only.



Pre-Approval Polices and Procedures

We understand the need for our principal accountants to maintain objectivity
and independence in their audit of our financial statements. To minimize
relationships that could appear to impair the objectivity of our principal
accountants, our audit committee has restricted the non-audit services that our
principal accountants may provide to us primarily to tax services and review
assurance services.

We are only to obtain non-audit services from our principal accountants when
the services offered by our principal accountants are more effective or
economical than services available from other service providers, and, to the
extent possible, only after competitive bidding. These determinations are among
the key practices adopted by the audit committee effective during fiscal 2006.
The board has adopted policies and procedures for pre-approving work performed
by our principal accountants.

After careful consideration, the audit committee of the board of directors
has determined that payment of the above audit fees is in conformance with the
independent status of our company's principal independent accountants. Before
engaging the auditors in additional services, the audit committee considers how
these services will impact the entire engagement and independence factors.

The Board of Directors has pre-approved specifically identified non-audit
related services, including tax compliance, review of tax returns, documentation
of processes and controls as submitted to the Board of Directors from time to
time.

31

---

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.



PLATINUM
   RESEARCH ORGANIZATION, INC./s/  Cecelia PinedaBy:
   Cecelia Pineda, President, CEO, Secretary, Treasurer, CFO,
   
    Principal Accounting Officer and sole DirectorDate:
   March 23, 2007






In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities indicated,
on March 20, 2007.

/s/ Cecelia PinedaBy:
   Cecelia Pineda, President, CEO, Secretary, Treasurer, CFO,
   
    Principal Accounting Officer and sole DirectorDate:
   March 23, 200732


---