U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

(Mark One)

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

                For the quarterly period ended November 30, 2006


[_]      Transition Report under Section 13 or 15(d) of the Exchange Act for the
         Transition Period from ________ to ___________

                         Commission File Number: 0-50333

                          ADVANCED MEDIA TRAINING, INC.
        (Exact name of small business issuer as specified in its charter)

            Delaware                                             95-4810658
(State or other jurisdiction of                              (I.R.S. Employer
 incorporation or organization)                              Identification No.)

                       17337 Ventura Boulevard, Suite 208
                            Encino, California 91316
                    Issuer's Telephone Number: (818) 784-0040
            (Address and phone number of principal executive offices)



         Check whether the issuer (1) filed all reports  required to be filed by
Section  13 or 15(d) of the  Exchange  Act  during  the past 12 months  (or such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for the past 90 days.

                             Yes [X]     No [_]

         Check whether the issuer is a "shell  company" as defined in Rule 12b-2
of the Securities Exchange Act of 1934. Yes [_] No [X]

         The Registrant has 116,753,524  shares of Common stock, par value $.001
per share issued and  outstanding as of December 31, 2006.  Based on the closing
bid price of the  issuer's  common stock on December  31,  2006,  the  aggregate
market value of the voting stock held by  non-affiliates  of the  registrant  on
that date was approximately $2.6 million.

         Traditional Small Business Disclosure Format (check one)

                             Yes [_]     No [X]


<PAGE>


                            INDEX TO QUARTERLY REPORT
                                 ON FORM 10-QSB



PART I   FINANCIAL INFORMATION
                                                                           PAGE
Item 1.  Financial Statements (Unaudited)                                     3
         Condensed Balance Sheets
             November 30, 2006 and May 31, 2006                               4
         Condensed Statements of Operations
             For the Three- and Six-Month Periods
             Ended November 30, 2006 and 2005                                 5
         Condensed Statements of Cash Flows
             For the Six Months Ended
             November 30, 2006 and 2005                                       6
         Condensed Statements of Shareholders' Deficit
             For the Six Months Ended November 30, 2006                       7
         Notes to Financial Statements                                        8

Item 2.  Management's Discussion and Analysis or Plan
         of Operation                                                        13

Item 3.  Controls and Procedures                                             17

PART II  OTHER INFORMATION

Item 1.  Legal Proceedings                                                   18

Item 2.  Changes in Securities and Use of Proceeds                           18

Item 3.  Defaults upon Senior Securities                                     18

Item 4.  Submission of Matters to a Vote of Security Holders                 18

Item 5.  Other Information                                                   18

Item 6.  Exhibits                                                            18

Signatures                                                                   19


                                       2
<PAGE>


                                     PART I
                              FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

                (Financial Statements Commence on Following Page)


                                       3
<PAGE>


ADVANCED MEDIA TRAINING, INC.


CONDENSED BALANCE SHEETS
-------------------------------------------------------------------------------
                                                     November 30,     May 31,
                                                        2006           2006
                                                     (Unaudited)
                                                     -----------    -----------
ASSETS

Cash .............................................   $    25,507    $    50,701

Accounts receivable, Net of allowance
  for doubtful accounts of $16,590
  in each period .................................        40,900         17,986

Property and equipment, Net of accumulated
  depreciation of $11,709 in each period .........          --             --

Prepaid expenses and other assets ................         3,202          2,115

Investment in Dematco, Inc. ......................        66,464         66,464
                                                     -----------    -----------

TOTAL ASSETS .....................................   $   136,073    $   137,266
                                                     ===========    ===========

LIABILITIES AND SHAREHOLDERS' DEFICIT

LIABILITIES:
Bank overdraft ...................................   $      --      $     1,289
Line of credit ...................................        19,094         18,686
Accounts payable and accrued expenses ............        73,911         56,042
Deferred revenue .................................         1,546          5,570
Note payable to shareholder ......................        69,394         52,629
Accrued interest due to shareholder ..............        67,410         64,974
Convertible note payable, net of debt discount ...       133,579        100,670
                                                     -----------    -----------
Total liabilities ................................       364,934        299,860
                                                     -----------    -----------

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS' DEFICIT:
Common stock, par value - $.001; 200,000,000
    shares authorized; 23,833,524 and 23,774,000
    shares issued and outstanding, respectively ..        23,834         23,774
Common stock subscribed ..........................          --           50,000
Additional paid-in capital .......................       977,835        907,095
Accumulated deficit ..............................    (1,230,530)    (1,143,463)
                                                     -----------    -----------
Total shareholders' deficit ......................      (228,861)      (162,594)
                                                     -----------    -----------

TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT ......   $   136,073    $   137,266
                                                     ===========    ===========


See accompanying notes to financial statements.


                                       4
<PAGE>


ADVANCED MEDIA TRAINING, INC.

<TABLE>
CONDENSED STATEMENTS OF OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED
NOVEMBER 30, 2006 AND 2005 (UNAUDITED)
-------------------------------------------------------------------------------------------

<CAPTION>
                                       THREE MONTHS                     SIX MONTHS
                               ----------------------------    ----------------------------
                                   2006            2005            2006            2005
                               ------------    ------------    ------------    ------------
                                               (As Restated)                   (As Restated)
<S>                            <C>             <C>             <C>             <C>
REVENUES ...................   $    110,213    $     98,109    $    205,431    $    199,514

COST OF REVENUES ...........         25,594          30,079          41,102          65,150
                               ------------    ------------    ------------    ------------

GROSS PROFIT ...............         84,619          68,030         164,329         134,364
                               ------------    ------------    ------------    ------------

EXPENSES:
Selling and marketing ......         41,512          40,534          84,301          96,221
General and administrative .         66,823          81,035         129,384         141,575
Research and development ...           --              --              --                50
Interest expense ...........         19,963           9,724          36,911          19,835
                               ------------    ------------    ------------    ------------
Total expenses .............        128,298         131,293         250,596         257,681
                               ------------    ------------    ------------    ------------

LOSS BEFORE INCOME TAXES ...        (43,679)        (63,263)        (86,267)       (123,317)

INCOME TAXES ...............           --              --               800            --
                               ------------    ------------    ------------    ------------

NET LOSS ...................   $    (43,679)   $    (63,263)   $    (87,067)   $   (123,317)
                               ============    ============    ============    ============

BASIC AND DILUTED LOSS
   PER SHARE ...............   $      (0.00)   $      (0.00)   $      (0.00)   $      (0.01)
                               ============    ============    ============    ============

WEIGHTED AVERAGE SHARES
   OUTSTANDING .............     23,833,524      16,110,000      23,818,887      16,110,000
                               ============    ============    ============    ============
</TABLE>


See accompanying notes to financial statements.


                                       5
<PAGE>


ADVANCED MEDIA TRAINING, INC.

<TABLE>
CONDENSED STATEMENTS OF SHAREHOLDERS' DEFICIT
FOR THE SIX MONTHS ENDED NOVEMBER 30, 2006 (UNAUDITED)
----------------------------------------------------------------------------------------------------------------

<CAPTION>
                                    COMMON STOCK           COMMON       ADDITIONAL
                             -------------------------     STOCK          PAID-IN     SHAREHOLDER
                                SHARES        AMOUNT     SUBSCRIBED       CAPITAL      (DEFICIT)        TOTAL
                             -----------   -----------   -----------    -----------   -----------    -----------
<S>                           <C>          <C>           <C>            <C>           <C>            <C>
BALANCE, MAY 31, 2006 ....    23,774,000   $    23,774   $    50,000    $   907,095   $(1,143,463)   $  (162,594)

COMMON STOCK SUBSCRIPTION         59,524            60       (50,000)        49,940          --             --

CONTRIBUTED CAPITAL ......          --            --            --           20,800          --           20,800

NET LOSS .................          --            --            --             --         (87,067)       (87,067)
                             -----------   -----------   -----------    -----------   -----------    -----------

BALANCE, NOVEMBER 30, 2006    23,833,524   $    23,834   $      --      $   977,835   $(1,230,530)   $  (228,861)
                             ===========   ===========   ===========    ===========   ===========    ===========
</TABLE>


See accompanying notes to financial statements.


                                       6
<PAGE>


ADVANCED MEDIA TRAINING, INC.

CONDENSED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED NOVEMBER 30, 2006 AND 2005 (UNAUDITED)
-------------------------------------------------------------------------------

                                                            2006         2005
                                                         ---------    ---------
                                                                   (As Restated)

CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss .............................................   $ (87,067)   $(123,317)
Adjustments to reconcile net loss
     to net cash used by operating activities:
     Contribution of capital for  services ...........      20,800       20,800
     Amortization of debt discount ...................      32,909         --
     Depreciation ....................................        --          1,320
     Changes in operating assets and liabilities:
         Accounts receivable .........................     (22,914)       6,795
         Other assets ................................      (1,087)        (293)
         Accounts payable and accrued expenses .......      20,305       65,600
         Deferred revenue ............................      (4,024)      (2,890)
                                                         ---------    ---------
Net cash used by operating activities ................     (41,078)     (31,985)
                                                         ---------    ---------

CASH FLOWS FROM FINANCING ACTIVITIES:
Bank overdraft .......................................      (1,289)        --
Net borrowings (repayments) from (to) shareholder ....      16,765       29,940
Net borrowings (repayments) on line of credit ........         408          (32)
                                                         ---------    ---------
Net cash provided by financing activities ............      15,884       29,908
                                                         ---------    ---------
NET DECREASE IN CASH .................................     (25,194)      (2,077)

CASH, BEGINNING OF YEAR ..............................      50,701       11,774
                                                         ---------    ---------
CASH, END OF YEAR ....................................   $  25,507    $   9,697
                                                         =========    =========
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest ...............................   $   1,119    $   2,208
Cash paid for income taxes ...........................   $     800    $    --

In January and March 2006,  the Company  issued  7,664,000  shares of its common
stock for the acquisition of Dematco, Inc. (See Note 3).


See accompanying notes to financial statements.


                                       7
<PAGE>


ADVANCED MEDIA TRAINING, INC.

NOTES TO FINANCIAL STATEMENTS

1.       BACKGROUND

Advanced Media  Training,  Inc. (the  "Company") is engaged in the  development,
production  and  distribution  of training and  educational  video  products and
services.  Effective  December 11,  2006,  the Company  exercised  its option to
acquire the remaining share of Dematco,  Inc.  Concurrent with the  transaction;
the Company transferred its training and educational video products and services
business    into    a    wholly-owned    subsidiary,    Progressive    Training,
Inc.("Progressive"; formed in early December 2006).

2.       INTERIM CONDENSED FINANCIAL STATEMENTS

FISCAL PERIODS

The Company's  fiscal  year-end is May 31.  References to a fiscal year refer to
the calendar year in which such fiscal year ends.

RESTATEMENT OF FINANCIAL STATEMENTS

The financial  statements  for the six months ended  November 30, 2005 have been
restated  to  correct  certain  errors  in the  financial  statements  and notes
thereto.  The errors  relate to the  recording of  compensation  expense for the
Company's  president  as  contributed   capital,   the   reclassification  of  a
non-refundable  upfront fee from additional paid in capital to deferred  revenue
and the expense of its license  agreement in June 2004. The following  financial
statement line items for the six months ended November 30, 2005 were affected by
the corrections.

Statement of Operations
2005
                                         AS             AS         EFFECT OF
                                      REPORTED       ADJUSTED        CHANGE
                                    -----------    -----------    -----------
Revenues .......................    $   196,624    $   199,514    $     2,890
Expenses .......................        238,381        257,681         19,300
Net loss .......................       (106,907)      (123,317)       (16,410)
Basic and diluted loss per
   share .......................    $     (0.04)   $     (0.05)   $     (0.01)

Balance Sheet
2005
                                         AS             AS         EFFECT OF
                                      REPORTED       ADJUSTED        CHANGE
                                    -----------    -----------    -----------

Total assets ...................    $    76,917    $    51,417    $   (25,500)
Deferred revenue ...............           --            7,205          7,205
Total liabilities ..............        695,161        702,366          7,205
Additional paid-in capital .....        339,314        428,314         89,000
Accumulated deficit ............       (960,243)    (1,081,948)      (121,705)
Total shareholders' deficit ....    $  (618,244)   $  (650,949)   $   (32,705)

Statement of Cash Flows
2005
                                         AS             AS         EFFECT OF
                                      REPORTED       ADJUSTED        CHANGE
                                    -----------    -----------    -----------

Net loss .......................    $  (106,907)   $  (123,317)   $   (16,410)
Contribution of capital ........           --           20,800         20,800
Amortization ...................          1,500           --           (1,500)
Deferred revenue ...............           --           (2,890)        (2,890)


                                       8
<PAGE>


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
certain estimates and assumptions that affect the reported amounts and timing of
revenue and  expenses,  the reported  amounts and  classification  of assets and
liabilities,  and the  disclosure of contingent  assets and  liabilities.  These
estimates and assumptions are based on the Company's  historical results as well
as management's  future  expectations.  The Company's  actual results could vary
materially from management's estimates and assumptions.

RECLASSIFICATIONS

Certain  amounts in the financial  statements for the  comparative  prior fiscal
periods have been reclassified to be consistent with the current fiscal period's
presentation.

PREPARATION OF INTERIM CONDENSED FINANCIAL STATEMENTS

These interim condensed financial  statements for the periods ended November 30,
2006 and 2005 have been prepared by the Company's management,  without audit, in
accordance with accounting principles generally accepted in the United States of
America  and  pursuant  to  the  rules  and  regulations  of the  United  States
Securities and Exchange Commission ("SEC"). In the opinion of management,  these
interim condensed  financial  statements contain all adjustments  (consisting of
only normal recurring adjustments,  unless otherwise noted) necessary to present
fairly the Company's  financial  position,  results of operations and cash flows
for the fiscal  periods  presented.  Certain  information  and note  disclosures
normally  included in annual  financial  statements  prepared in accordance with
accounting  principles  generally  accepted in the United States of America have
been condensed or omitted in these interim financial  statements pursuant to the
SEC's rules and regulations, although the Company's management believes that the
disclosures are adequate to make the information  presented not misleading.  The
financial position, results of operations and cash flows for the interim periods
disclosed  herein are not necessarily  indicative of future  financial  results.
These interim condensed financial  statements should be read in conjunction with
the annual financial  statements and the notes thereto included in the Company's
most recent  Annual Report on Form 10-KSB (as amended) for the fiscal year ended
May 31, 2006.

SIGNIFICANT CUSTOMERS

The Company has two customers that exceed 10% of gross accounts receivable, (13%
and 17%) at November 30, 2006. No customers exceeded 10% of sales during the six
months  ended  November 30, 2006 and two  customers  during the six months ended
November 30, 2005 accounted for 10%, each, of sales.

PRODUCTION COSTS

The Company  periodically incurs costs to produce new management training videos
and  enhance  current  videos.  Historically,  the  Company  has been  unable to
accurately forecast revenues to be earned on these videos and has,  accordingly,
expensed such costs as incurred.  The Company had no production  costs in either
period.

NET LOSS PER SHARE

Basic and diluted net loss per share has been  computed by dividing  net loss by


                                       9
<PAGE>


the weighted average number of common shares  outstanding  during the applicable
fiscal periods.  At November 30, 2006, the Company had outstanding  debt that is
convertible  into 833,000  shares of the Company's  common stock.  In 2005,  the
Company had no common stock equivalents outstanding. Potentially dilutive shares
are excluded  from the  computation  in loss  periods,  as their effect would be
anti-dilutive.

UNCLASSIFIED BALANCE SHEET

In  accordance  with  the  provisions  of  AICPA  Statement  of  Position  00-2,
"ACCOUNTING BY PRODUCERS OR  DISTRIBUTORS  OF FILMS," the Company has elected to
present an unclassified balance sheet.

RECENTLY ISSUED ACCOUNTING STANDARDS NOT YET ADOPTED

There  are  no  accounting  standards  with  pending  adoptions  that  have  any
applicability to the Company.

3.       INVESTMENT IN DEMATCO, INC.

On February 6, 2006,  the Company  entered into a Letter of Intent with Dematco,
Inc., ("Dematco").  Under the Letter of Intent, the Company had the 30 day right
to, but not the duty, to purchase  8,080,000  shares of Dematco's  common stock,
which equals eight  percent (8%) of the total issued and  outstanding  equity of
Dematco.

On March 20, 2006,  the Company  closed the  transaction  with Dematco.  Per the
agreement,  the Company issued 6,464,000 shares of its common stock,  restricted
as to transfer,  for the 8,080,000 shares of Dematco.  In addition,  the Company
received  an option to  purchase  all of the  remaining  issued and  outstanding
equity of Dematco from Dematco's  shareholders.  The option is exercisable up to
and including  February 28, 2007.  The audited  financial  statements of Dematco
indicate total assets of  approximately  $21,000 and a stockholders'  deficit of
approximately $2,000. Based on the restricted nature and volume of shares issued
and Dematco's  limited  operating  history as a development  stage  company,  we
valued the investment in Dematco at the par value of the shares issue, $6,464.

During  January  2006,   the  Board  of  Directors   issued   1,200,000   shares
(unrestricted)  of the Company's  common stock to two  consultants  for services
relating to the Letter of Intent.  The shares had an aggregate fair market value
of  $60,000  on the  date  of  issuance  and  have  been  recorded  as a cost of
acquisition.

During August 2006,  the Board of Directors  approved the exercise of the option
to purchase the remaining issued and outstanding  shares of Dematco,  92,920,000
shares,  in a one for one stock exchange.  As of November 30, 2006, the exercise
of the option transaction was not complete; see Note 13.

4.       NOTE PAYABLE TO SHAREHOLDER

The Company has an agreement  with its  President  and majority  shareholder  to
borrow up to $600,000 with interest at 8.0%.  Repayment shall be made when funds
are available and the balance of principal and accrued  interest is due December
31, 2007.

5.       LINE OF CREDIT

The Company has a revolving line of credit with a bank which permits  borrowings
up to $40,000.  The line is guaranteed by the Company's  President.  Interest is
payable  monthly at 2.22%  above the bank's  prime rate of  interest  (10.48% at
November 30, 2006).


                                       10
<PAGE>


6.       CONVERTIBLE NOTE PAYABLE

The Company  issued a zero percent  convertible  debenture  to Societe  Bancaire
Privee, S.A.,  ("Societe"),  and received $500,000 on February 28, 2006. Societe
is related to Dematco  through a business  venture.  The  convertible  debenture
calls for the  principal  sum to be paid on or before  March  31,  2009  without
interest.  At any time  prior to the  maturity  date and after  March 31,  2006,
Societe  shall  have the right and option to convert  the  principal  balance of
$500,000 into 833,000  shares of the Company's  common stock,  in whole or part.
The Company has valued the convertible  note payable  (imputing an interest rate
of 20%) and the related  beneficial  conversion  option to convert the principal
balance into shares using the "Relative Fair Value" approach.  Accordingly,  the
Company  recognized a $412,606 debt discount on the $500,000  principal value of
the  convertible  note payable and is amortizing the debt discount over the life
of the note, 38 months.

7.       STOCKHOLDERS' DEFICIT

COMMON STOCK ISSUED

During May 2006, the Company  received $50,000 for the purchase of 59,524 shares
of the  Company's  common  stock  restricted  as to  transfer.  The shares  were
subsequently issued to the purchasers during July 2006.

8.       INCOME TAXES

The Company has net operating loss carryforwards totaling approximately $953,000
at May 31, 2006 for  Federal  income tax  purposes  available  to offset  future
taxable income through 2026.  Deferred tax assets consist  substantially  of the
net operating loss carryforward. The Company has made a 100% valuation allowance
against the deferred tax asset

9.       STOCK COMPENSATION PLAN

On January 9, 2006,  the Company  created the 2006  Employees-Consultants  Stock
Compensation  Plan of Advanced  Media  Training,  Inc.,  ("the Plan"),  to offer
directors,  officers and selected key  employees,  advisors and  consultants  an
opportunity  to acquire a proprietary  interest in the success of the Company to
receive compensation,  or to increase such interest, by purchasing shares of the
Company's common stock. The Plan provides for either the direct award or sale of
shares and for the grant of options to purchase  shares.  Options  granted under
the Plan may include non-statutory options, as well as ISO's intended to qualify
under  section 422 of the IRS code.  On January 18,  2006,  the Company  awarded
1,200,000 shares of common stock to two consultants under the Plan (see note 6).
As of November 30, 2006, no options have been granted under the Plan.

10.      COMMITMENTS AND CONTINGENCIES

The Company has  agreements  with companies to pay a royalty on sales of certain
videos (co produced with these  companies).  The royalty is based on a specified
formula, which averages approximately 35% of net amounts collected.

The Company  leases its operating  facility for $2,295 per month  (increasing to
$2,364 effective September 2006) in Encino,  California under an operating lease
which expires August 31, 2007.  Rent expense was $13,977 and $11,255 for the six
months ended November 30, 2006 and 2005, respectively.


                                       11
<PAGE>


11.      LEGAL

The  Company is,  from time to time,  subject to legal and other  matters in the
normal  course of its  business.  While the  results of such  matters  cannot be
predicted with certainty,  management does not believe that the final outcome of
any pending  matters will have a material  effect on the financial  position and
results of operations of the Company.

12.      RELATED PARTY TRANSACTIONS

The Company has a consulting agreement with Howard Young, the son of Buddy Young
(the Company's Chief  Executive  Officer) which provides a monthly fee of $6,500
for administrative and sales consultation.  The fee is allocated equally between
General and Administrative and Selling and Marketing expense in the Statement of
Operations  for the six months ended  November 30, 2006 and 2005.  Total expense
was $38,750 in 2006 and $36,000 2005.

13.      SUBSEQUENT EVENT

In preparation for the close of the transaction with Dematco,  and the change in
the Company's business,  all the assets and liabilities related to the workforce
training  business were  transferred to the Company's  wholly-owned  subsidiary,
Progressive Training, Inc., which was formed in early December 2006.


                                       12
<PAGE>


ADVANCED MEDIA, INC.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

CRITICAL ACCOUNTING POLICIES

         Our discussion  and analysis of our financial  condition and results of
operations are based upon our statements, which have been prepared in accordance
with  accounting  principles  generally  accepted  in  the  United  States.  The
preparation  of these  financial  statements  requires us to make  estimates and
judgments that affect the reported amounts of assets, liabilities,  revenues and
expenses.  In consultation  with our Board of Directors,  we have identified two
accounting policies that we believe are key to an understanding of our financial
statements.  These are important  accounting policies that require  management's
most difficult, subjective judgments.

         The first critical accounting policy relates to revenue recognition. We
recognize  revenue  from product  sales upon  shipment to the  customer.  Rental
income is recognized  over the related period that the videos are rented.  Based
on the nature of our  product,  we do not accept  returns.  Damaged or defective
product is replaced upon receipt.  Such returns have been  negligible  since the
Company's inception.

         The second critical  accounting policy relates to production costs. The
Company  periodically incurs costs to produce new management training videos and
to  enhance  current  videos.  Historically,  the  Company  has been  unable  to
accurately forecast revenues to be earned on these videos and has,  accordingly,
expensed such costs as incurred.

SELECT FINANCIAL INFORMATION

                                                     For the Three Months Ended
                                                     11/30/06          11/30/05
                                                   (Unaudited)       (Unaudited)
                                                    ---------         ---------
Statement of Operations Data
Total revenue ..............................        $ 110,213         $  98,109
Operating loss .............................        $ (43,679)        $ (63,263)
Net loss after taxes .......................        $ (43,679)        $ (63,263)
Net loss per share .........................        $   (0.00)        $   (0.00)

Balance Sheet Data
Total assets ...............................        $ 136,073         $  51,417
Total liabilities ..........................        $ 364,934         $ 702,366
Stockholder's deficit ......................        $(228,861)        $(650,949)

THREE-MONTH  PERIOD ENDED NOVEMBER 30, 2006 COMPARED TO THREE-MONTH PERIOD ENDED
NOVEMBER 30, 2005

GENERAL

         Our revenues  for the three month  period ended  November 30, 2006 were
$110,213.  Revenues for the prior three month  period  ended  November 30, 2005,


                                       13
<PAGE>


were $98,109.  This represents an increase of $12,104.  This slight increase was
mainly due to general market conditions in 2006.

         Net  product  sales  made up nearly  100% of the total  revenue in both
three month periods.  Sales of videos produced by other companies  accounted for
approximately 47% of sales in fiscal 2006 and 60% of sales in 2005.

COSTS AND EXPENSES

         From 2005 to 2006,  the cost of goods sold for the three  month  period
ended November 30, decreased from $30,079 to $25,594. This represents a decrease
of $4,485.  The cost of goods sold as a percent of sales decreased by 8% (31% in
2005 to 23% in 2006).  This  decrease is a direct result of the sales mix during
the quarter ended November 30, 2006 shifting to higher gross profit items (i.e.,
internally produced videos).

         Selling  and  marketing  expenses  increased  from  $40,534  in 2005 to
$41,512 in 2006.  This represents an increase of $978. Our selling and marketing
costs are  substantially  related to the  introduction of new videos produced by
us.  These  costs are  mainly  comprised  of the  creation  of  advertising  and
publicity  materials,  the making of  preview  copies of the video to be sent to
other  distributors,  advertising  space in trade  publications,  commissions on
sales and  consulting  fees paid to Howard Young (son of Buddy Young,  CEO),  of
which, $3,250 per month is allocated to selling and marketing duties.

         General and  administrative  expenses decreased from $81,035 in 2005 to
$66,823 in 2006. This  represents a decrease of $14,212.  The main components in
these  general and  administrative  expenses  are  salaries  for our  employees,
consulting  fees, and professional  fees for accounting and legal services,  and
rent.

         The Company incurred no significant  research and development  expenses
in  either  period.  This was due to the fact that we did not  research  any new
training  products  during these  periods due to negative cash flows in 2005 and
2006.

         Interest  expense  increased  from $9,724 in 2005,  to $19,963 in 2006.
This  increase is  primarily  due to  amortization  of the debt  discount on the
convertible note payable,  offset by the fact that a substantial  portion of the
principal owed our President and principal  shareholder  were paid during fiscal
2006.

         The net loss  decreased  from  $63,263 in 2005 to $43,679 in 2006.  The
primary  cause of this  decrease  is the  result of the sales mix during the six
months ended November 30, 2006 shifting to higher gross profit items such as our
internally produced videos.,


                                       14
<PAGE>


SELECT FINANCIAL INFORMATION

                                                      For the Six Months Ended
                                                     11/30/06          11/30/05
                                                   (Unaudited)       (Unaudited)
                                                    ---------         ---------
Statement of Operations Data
Total revenue ..............................        $ 205,431         $ 199,514
Operating loss .............................        $ (86,267)        $(123,317)
Net loss after taxes .......................        $ (87,067)        $(123,317)
Net loss per share .........................        $   (0.00)        $   (0.01)

SIX MONTH PERIOD FISCAL 2006 COMPARED TO SIX MONTH PERIOD FISCAL 2005

GENERAL

         Our  revenues  for the six month  period  ended  November 30, 2006 were
$205,431.  Revenues for the prior six month period ended November 30, 2005, were
$199,514.  This represents a decrease of $5,917. This decrease was mainly due to
general  market  conditions  and no new videos  that were  produced  by us being
introduced into the marketplace.

         Net product  sales made up nearly 100% of the total revenue in both six
month  periods.  Sales of  videos  produced  by other  companies  accounted  for
approximately 47% of sales in fiscal 2006 and 60% of sales in 2005.

COSTS AND EXPENSES

         From 2005 to 2006,  the cost of goods sold during the six month  period
ended November 30, decreased from $65,150 to $41,102. This represents a decrease
of  $24,048.  The  cost of  goods  sold  as a  percent  of  sales  decreased  by
approximately 13% (33% in 2005 to 20% in 2006). This decrease is a direct result
of the sales mix during the quarter  ended  November 30, 2006 shifting to higher
gross profit items (i.e., internally produced videos).

         Selling  and  marketing  expenses  decreased  from  $96,221  in 2005 to
approximately   $  84,301  in  2006.   Our  selling  and  marketing   costs  are
substantially  related to the  introduction  of new videos produced by us. These
costs  are  mainly  comprised  of the  creation  of  advertising  and  publicity
materials,  the  making  of  preview  copies  of the  video  to be sent to other
distributors,  advertising space in trade publications, commissions on sales and
consulting fees paid to Howard Young (son of Buddy Young, CEO), of which, $3,250
per month is allocated to selling and marketing duties.

         General and administrative  expenses decreased from $141,575 in 2005 to
$129,384 in 2006. This represents a decrease of $12,191.  The main components in
these  general and  administrative  expenses  are  salaries  for our  employees,
consulting  fees, and professional  fees for accounting and legal services,  and
rent.


                                       15
<PAGE>


         Research and development  expenses decreased from $50 in 2005 to $ 0 in
2006.  This decrease was the result of our not  developing any new videos during
this  period,  and  therefore  eliminating  any  expenditure  for  research  and
development.

         Interest  expense  increased  from $19,835 in 2005, to $36,911 in 2006.
This  represents  an increase  of $17,076.  This  increase is  primarily  due to
amortization of the debt discount on the convertible note payable, offset by the
fact  that a  substantial  portion  of the  principal  owed  our  President  and
principal shareholder were paid during fiscal 2006.

         The net loss  decreased  from $123,317 in 2005 to $87,067 in 2006.  The
primary  cause of this  decrease  is the  result of the sales mix during the six
months ended November 30, 2006 shifting to higher gross profit items such as our
internally produced videos, as well as reduced selling and marketing expenses.

PLAN OF OPERATION

         On December 11, 2006, the Company  exercised its option to purchase the
remaining issued and outstanding stock of Dematco, Inc. As a result of the close
of the transaction,  Dematco is now a wholly owned subsidiary, and the Company's
business and operations will be that of Dematco.

         Dematco  has  operations  in the UK and  Switzerland.  It is engaged in
dematerializing  or  converting   financial   instruments  from  paper  form  to
electronic form so as to enable such instruments to be traded  electronically on
exchanges or exchange platforms on a peer to peer basis. It is currently engaged
in a significant  transaction to convert insurance products into electronic form
for Admiral Asset Group,  Inc. that is involved in the trading of such insurance
products.

         In preparation for the close of the transaction referred above, and the
change in the Company's business,  all the assets and liabilities related to the
workforce  training  business were transferred to our  wholly-owned  subsidiary,
Progressive which was formed in early December 2006.

LIQUIDITY AND CAPITAL RESOURCES

         Our working capital deficit  decreased from $178,018 in 2005 to $95,554
in 2006. This is a direct result of our decrease in accounts payable and line of
credit  resulting  from the  issuance  of a $500,000  convertible  debenture  In
February 2006.

         Our cash flows used by  operations  increased  from  $31,985 in 2005 to
$41,078 in 2006. This increase is primarily the result of our increased accounts
receivable balance due to increased sales.

         During 2006 we did not use any cash for investing activities.


                                       16
<PAGE>


         Our cash flows provided by financing  activities increased from $29,908
in 2005 to  $15,884  in 2006.  This is the result of  advances  provided  by our
shareholder along with changes in our line of credit.

         We  currently  have  no  material  commitments  at  this  time  to fund
development of new videos or to acquire any significant capital equipment

         We are a company with a limited  operating history and a history of net
losses.

         We had a cash  balance of  $25,507 on  November  30,  2006.  We have an
agreement  with our President and majority  shareholder to fund any shortfall in
cash flow up to $600,000  at 8%  interest  through  June 30,  2007.  We owed our
President a total of $69,394 in principal under the agreement as of November 30,
2006. The note is collateralized by all of our right,  title and interest in and
to our video productions and projects,  regardless of their stage of production,
including all related contracts, licenses, and accounts receivable.

         The Company has a revolving  line of credit with Bank of America.  This
line of credit  permits the Company to borrow up to $40,000.  The line of credit
is guaranteed by the Company's  President.  Interest is payable monthly at 2.22%
above the bank's prime rate of interest  (10.78% at November 30, 2006). The line
of credit does not require the Company to meet performance  criteria or maintain
any minimum  levels of income or assets.  The Company is in compliance  with the
terms and  conditions  of the line of  credit.  Our  outstanding  balance  as of
November 30, 2006, was $19,094.

ITEM 3.  CONTROLS AND PROCEDURES

         The principal  executive officer and principal financial officer of the
Company,  who are the same person ("the Certifying Officer") with the assistance
of advisors,  evaluated  the  effectiveness  of the design and  operation of the
Company's   disclosure   controls   and   procedures   (as  defined  in  section
240.13a-14(c) and 240.15d-14(c)  under the Exchange Act) within 90 days prior to
the filing of this annual  report.  Based upon the  evaluation,  the  Certifying
Officer  concludes  that the Company's  disclosure  controls and  procedures are
effective in timely alerting management to material  information relative to the
Company which is required to be disclosed in its periodic filings with the SEC.

         There were no significant changes in the Company's internal controls or
in other factors that could  significantly  affect these controls  subsequent to
the date of their  evaluation,  including any corrective  actions with regard to
significant deficiencies and material weaknesses.


                                       17
<PAGE>


                                     PART II
                                OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS    None.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS    None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES    None.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
         During the quarter ended  November 30, 2005, no matters were  submitted
         to the Company's security holders.

ITEM 5.  OTHER INFORMATION   None.

ITEM 6.  EXHIBITS

         31.1     Certification of CEO Pursuant to Securities Exchange Act Rules
                  13a-14 and 15d-14,  as Adopted  Pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.

         32.1     Certification  Pursuant to 18 U.S.C.  Section 1350, as Adopted
                  Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.


                                       18
<PAGE>


                                   SIGNATURES

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

                                       ADVANCED MEDIA TRAINING, INC.
                                       (Registrant)


Dated: January 8, 2007                 /S/ ROB STEVENS
                                       -----------------------------------
                                       Rob Stevens, President and Chief
                                       Executive Officer


                                       19