SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

                   Quarterly Report Under Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

                           Quarter Ended July 31, 2001

                         Commission File Number 0-30987


                        Advanced Technologies Group, Ltd.
             (Exact name of Registrant as specified in its Charter)


               Nevada                                           80-0987213
    (State or other jurisdiction of                          (I.R.S. Employer
     incorporation or organization)                       Identification Number)


  32 Broadway, 4th Floor, New York, NY                            10004
(Address of principal executive offices)                        (Zip Code)


40 Exchange Place, 15th Floor, New York, NY                       10005
          (Former Address)                                      (Zip Code)

                                 (212) 968-0941
              (Registrant's telephone number, including area code)

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. YES [ ] NO [X]

Indicate the number of Shares outstanding of each of the Issuer's classes of
common stock, as of the latest practicable date.

          Class                                    Outstanding at July 31, 2001
Common stock, $0.0001 par value                             7,782,102
<PAGE>
                                TABLE OF CONTENTS


Item                                                                    Page
----                                                                    ----

INDEX                                                                     2


Part 1. Financial information                                             3

Item 1. Condensed Consolidated Financial Statements:

     Balance sheet as of July 31, 2001 and January 31, 2001               4

     Statement of income  (loss) for six months ended July 31, 2001
     and 2000                                                             5

     Statement of cash flows for six months ended July 31, 2001
     and 2000                                                             6

     Statement of changes in shareholders equity for the six months
     ended July 31, 2001                                                  7

     Notes to condensed consolidated financial statements               8 to 10

Item 2. Management's discussion and analysis of financial condition       10

Part II. Other information                                                14

Signatures                                                                14

Certifications                                                            15

                                       2
<PAGE>
                          PART I: FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

The following unaudited consolidated financial statements have been prepared by
Advanced Technologies Group, Ltd. (the "Company" or "ATG") pursuant to the rules
and regulations of the Securities and Exchange Commission promulgated under the
Securities Exchange Act of 1934 as amended. Certain information and footnote
disclosures normally included in financial statements prepared in accordance
with generally accepted accounting principals have been condensed or omitted
pursuant to such rules and regulations. In the opinion of the Company's
management, the consolidated financial statements include all adjustments
(consisting only of adjustments of a normal, recurring nature) necessary to
present fairly the financial information set forth herein.

                                       3
<PAGE>
                        Advanced Technologies Group, Ltd.
                            Unaudited Balance Sheets
                    As of July 31, 2001 and January 31, 2001

<TABLE>
<CAPTION>
                                                               31-Jul-01         31-Jan-01
                                                               ---------         ---------
<S>                                                           <C>               <C>
ASSETS

Current assets:
   Cash & interest bearing deposits                           $   297,977       $    18,573
   Receivable from shareholder                                     63,372            61,575
                                                              -----------       -----------

Total current assets                                              361,349            80,148

Other assets:
   Office & computer equipment                                    157,419           139,249
   Software development costs                                   1,095,208         1,027,962
   Accumulated depreciation                                      (105,444)          (73,775)
   Trademarks & patents                                            10,353            10,615
                                                              -----------       -----------

      Total assets                                            $ 1,518,885       $ 1,184,199
                                                              ===========       ===========

LIABILITIES AND SHAREHOLDERS'EQUITY

Current liabilities:
   Accounts payable & accrued expenses                        $    29,698       $    82,401
   Other payable                                                  195,502            85,000
   Debentures payable (net of unamortized discount)               175,000           172,107
                                                              -----------       -----------

Total current liabilities                                         400,200           339,508

Shareholders' equity:
  Common stock- $.0001 par value, authorized 100,000,000
   shares, issued and outstanding, 7,782,102                        1,239             1,239
  Additional paid in capital                                    4,417,390         3,898,226
  Accumulated deficit during the development stage             (3,299,944)       (3,054,774)
                                                              -----------       -----------
      Total shareholders' equity                                1,118,685           844,691
                                                              -----------       -----------

      Total Liabilities & Shareholders' Equity                $ 1,518,885       $ 1,184,199
                                                              ===========       ===========
</TABLE>
              See accompanying notes to these financial statements

                                       4
<PAGE>
                        Advanced Technologies Group, Ltd.
                       Unaudited Statements of Operations
                       For the Six and Three Months Ended
                         July 31, 2001 and July 31, 2000

<TABLE>
<CAPTION>
                                               Nine months       Nine months       Three months     Three months
                                                31-Jul-01         31-Jul-00         31-Jul-01         31-Jul-00
                                               -----------       -----------       -----------       -----------
<S>                                            <C>               <C>               <C>               <C>
Revenues:
  Gross Sales                                  $     8,414       $         0       $     8,414       $         0
  Less cost of sales                               (18,003)                0           (18,003)                0
                                               -----------       -----------       -----------       -----------

  Gross profit on sales                             (9,589)                0            (9,589)                0

General and administrative expenses:
  Salaries and benefits                              4,083            73,890             1,077            64,015
  Rent & utilities                                  33,396            26,705            18,396            21,755
  Consulting & professional fees                   100,179           212,307            79,779           173,918
  General administration                            23,978            63,683            19,928            51,863
  Communication costs                               37,101            19,047            16,340            18,064
  Amortization                                       3,217                 0               151                 0
  Depreciation                                      13,666                 0             4,605            (6,909)
                                               -----------       -----------       -----------       -----------

     Total costs and operating expenses            215,620           395,632           140,276           322,707

Net loss from operations                          (225,209)         (395,632)         (149,865)         (322,707)

Other revenues and expenses:
  Consulting fees                                    5,000                 0                 0                 0
  Interest income                                    1,851             7,273             1,312             5,920
  Interest expense                                 (26,812)                0           (19,520)                0
                                               -----------       -----------       -----------       -----------

Net income before provision for income taxes      (245,170)         (388,359)         (168,073)         (316,787)

Provision for income taxes                               0                 0                 0                 0
                                               -----------       -----------       -----------       -----------

Net loss                                       $  (245,170)      $  (388,359)      $  (168,073)      $  (316,787)
                                               ===========       ===========       ===========       ===========
Loss per common share:
  Basic & fully diluted                        $     (0.03)      $     (0.05)      $     (0.02)      $     (0.04)
Weighted average of common shares:
  Basic & fully diluted                          7,782,102         7,782,102         7,782,102         7,782,102
</TABLE>
              See accompanying notes to these financial statements.

                                       5
<PAGE>
                        Advanced Technologies Group, Ltd.
                       Unaudited Statements of Cash Flows
            For the Six Months Ended July 31, 2001 and July 31, 2000


                                                      31-Jul-01       31-Jul-00
                                                      ---------       ---------
Operating Activities:
  Net loss                                            $(245,170)      $(388,359)
  Adjustments to reconcile net income items
   not requiring the use of cash:
     Depreciation                                        31,669               0
     Amortization                                         3,155               0
     Interest income                                     (1,797)           (700)

Changes in other operating assets and liabilities :
  Prepaid expenses                                            0           3,495
  Accounts payable & accrued expenses                   (52,703)          4,944
                                                      ---------       ---------

Net cash used by operations                            (264,846)       (380,620)

Investing Activities:
  Purchase of computer server                           (18,170)              0
  Software development costs capitalized                (67,246)        (56,228)
                                                      ---------       ---------

Net cash used by investing activities                   (85,416)        (56,228)

Financing Activities:
  Subscriptions received                                542,191          15,000
  Brokerage fees paid                                   (23,027)              0
  Advances to shareholders                                    0         (60,000)
  Advances from shareholders                            110,502               0
                                                      ---------       ---------

Net cash provided by financing activities               629,666         (60,000)
                                                      ---------       ---------

Net decrease in cash during the period                  279,404        (496,848)

Cash balance at beginning of the fiscal year             18,573         636,583
                                                      ---------       ---------

Cash balance at end of the period                     $ 297,977       $ 139,735
                                                      =========       =========
Supplemental disclosures of cash flow information:
  Interest paid during the period                     $       0       $       0
  Income taxes paid during the period                 $       0       $       0

              See accompanying notes to these financial statements.

                                       6
<PAGE>
                        Advanced Technologies Group, Ltd.
             Unaudited Statement of Changes in Shareholders' Equity
                    For the Six Months Ended January 31, 2001


<TABLE>
<CAPTION>
                                                                             Accumulated
                                                                            Deficit during
                                Common        Common        Additional        Development
                                Shares        Amount      Paid in Capital       Stage            Total
                                ------        ------      ---------------       -----            -----
<S>                            <C>          <C>             <C>               <C>             <C>
Balance at January 31, 2001    7,782,102    $   1,239       $3,898,226        ($3,054,774)    $  844,691

Subscriptions received                                         519,164                           519,164

Net loss for the period                                                          (245,170)      (245,170)
                              ----------    ---------       ----------        -----------     ----------

Balance at July 31, 2001       7,782,102    $   1,239       $4,417,390        ($3,299,944)    $1,118,685
                              ==========    =========       ==========        ===========     ==========
</TABLE>

              See accompanying notes to these financial statements.

                                       7
<PAGE>
                        Advanced Technologies Group, Ltd.
                  Notes to the Financial Statements (Unaudited)


1. ORGANIZATION OF THE COMPANY AND SIGNIFICANT ACCOUNTING PRINCIPLES

Advanced Technologies Group, Ltd. (the Company), formerly SeventhCai, Inc., was
incorporated in the State of Nevada in February 2000. In January 2001, the
Company changed its name to Advanced Technologies Group, Ltd., and purchased
100% of the issued and outstanding shares of FX3000, Inc. (formerly Oxford
Global Network, Ltd.), a Delaware corporation. The Company is the designer and
owner of the FX3000 software program. The FX3000 software is a financial package
and trading platform for dealers in foreign currency.

CONSOLIDATION- the accompanying consolidated financial statements include the
accounts of the company and its wholly owned subsidiary. All significant
inter-company balances have been eliminated.

USE OF ESTIMATES- The preparation of the financial statements in conformity with
generally accepted accounting principles requires management to make reasonable
estimates and assumptions that affect the reported amounts of the assets and
liabilities and disclosure of contingent assets and liabilities and the reported
amounts of revenues and expenses at the date of the financial statements and for
the period they include. Actual results may differ from these estimates.

CASH AND INTEREST BEARING DEPOSITS- Cash equivalents include highly liquid
short-term investments with an original maturity of three months or less.

SOFTWARE DEVELOPMENT COSTS- The Company employs Statement of Financial
Accounting Standard No. 86, ACCOUNTING FOR THE COSTS OF COMPUTER SOFTWARE TO BE
SOLD, LEASED, OR OTHERWISE MARKETED, (SFAS No. 86), to account for the costs in
developing the foreign currency trading software. The software is designed to
enable clients to execute on-line trades and monitor currency transactions that
are entered into by the prospective client.

SFAS No. 86 provides that the costs of producing software programs subsequent to
establishing technological feasibility shall be capitalized. The capitalization
of such costs ceases when the product becomes available to customers.
Amortization of the capitalized costs begins when the software product becomes
available to customers and is calculated using the straight-line method over the
estimated economic life of the software or on a ratio of current revenues to
anticipated revenues, whichever is greater.

DEVELOPMENT STAGE COMPANY- Prior to the second quarter ended July 31, 2001, the
Company's business activities were limited to a developmental nature. The
Company accounted for its business transactions during this development stage in
accordance with Statement of Financial Accounting Standards (SFAS) No. 7. As per
SFAS No.7, financial transactions are accounted for as per generally accepted
accounted principles. Costs incurred during the development stage are
accumulated in "losses accumulated during the development stage" and are
reported in the Shareholders' Equity section of the balance sheet. During the
second quarter ended July 31, 2001, the Company began to receive value added
service fees for the use of its FX3000 software program. Earnings and losses
going forward will be accounted for as "retained earnings or losses in the
shareholder equity section of the balance sheet.

                                       8
<PAGE>
INCOME TAXES- The Company accounts for income taxes in accordance with the
Statement of Accounting Standards No. 109 (SFAS No. 109), "Accounting for Income
Taxes". SFAS No. 109 requires an asset and liability approach to financial
accounting and reporting for income taxes. Deferred income tax assets and
liabilities are computed annually for differences between financial statement
and income tax bases of assets and liabilities that will result in taxable
income or deductible expenses in the future based on enacted tax laws and rates
applicable to the periods in which the differences are expected to affect
taxable income. Valuation allowances are established when necessary to reduce
deferred tax assets and liabilities to the amount expected to be realized.
Income tax expense is the tax payable or refundable for the period adjusted for
the change during the period in deferred tax assets and liabilities.

2. NET INCOME PER SHARE

The Company applies SFAS No. 128, Earnings Per Share. In accordance with SFAS
No. 128, basic net loss per share has been computed based on the weighted
average of common shares outstanding during the period. Fully diluted earnings
per share include the dilutive effects of common stock equivalents. The effects
of the common stock warrants described in Note 2 have not been included in the
calculation of diluted net income per share since their inclusion would be
anti-dilutive.

3. RELATED PARTY TRANSACTIONS

During the period, the Company borrowed $110,502 from a company that is owned by
an officer and a shareholder of the Company. The loan payable is unsecured, due
on demand, and non-interest bearing. The loan payable is reflected in loans from
shareholders in the balance sheet.

The Company uses office space in a company that is leased by an officer and
shareholder of the Company.

4. INCOME TAXES

Provision for income taxes is comprised of the following:

     Net loss before provision for income taxes                  $(245,170)
                                                                 =========

     Current tax expense:
       Federal                                                   $       0
       State                                                             0
                                                                 ---------

     Total                                                               0

     Less deferred tax benefit:

     Tax loss carryforward                                        (780,058)
     Allowance for recoverability                                  780,058
                                                                 ---------

     Provision for income taxes                                  $       0
                                                                 =========

                                       9
<PAGE>
A reconciliation of provision for income taxes at the statutory rate to
provision for income taxes at the Company's effective tax rate is as follows:

       Statutory U.S. federal rate                                      34%
       Statutory state and local income tax                             10%
       Less tax loss carryforward                                      -44%
                                                                 ---------

       Effective rate                                                    0%
                                                                 =========

Deferred income taxes are comprised of the following:

     Tax loss carryforward                                       $ 780,058
     Allowance for recoverability                                 (780,058)
                                                                 ---------

     Deferred tax benefit                                        $       0
                                                                 =========

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

Advanced Technologies Group, Ltd. (the Company), formerly SeventhCai, Inc., was
incorporated in the State of Nevada in February 2000. In January 2001, the
Company changed its name to Advanced Technologies Group, Ltd., and purchased
100% of the issued and outstanding shares of FX3000, Inc. (formerly Oxford
Global Network, Ltd.), a Delaware corporation. The Company is the designer and,
until the formation of a joint venture in 2002 (after the period of this
Report), was the owner of the FX3000 software program. The FX3000 software is a
financial package and trading platform for independent traders in foreign
currency. During the second quarter of fiscal 2001, the Company began to
generate revenues from the leasing of the software program on a limited basis.

Although the period which is the subject of this Report is the six months ended
July 31, 2001, this Report has not been filed until June 2003. As indicated in
the Company's filing for subsequent periods, after July 31, 2001 the Company
underwent a significant change in its business objectives, principally due to a
joint venture formed with Tradition, N.A., an international financial
institution (the "Joint Venture"), in 2002 wherein the Company transferred all
of its ownership interest in and to the FX3000 software to the Joint Venture in
exchange for a 25% ownership of the Joint Venture. At that point, the Company
ceased all its efforts to directly market the FX3000 software and re-directed
its efforts to the development and commercialization of other types of
technology including innovative software products and systems. For a more
detailed discussion of this change in business direction and a description of
these new products, see the Company's Annual Report on form 10-KSB for the
fiscal year ended January 31, 2002.

General Statement: Factors that may affect future results

With the exception of historical information, the matters discussed in
Management's Discussion and Analysis of Financial Condition and Results of
Operations contain forward looking statements under the 1995 Private Securities
Litigation Reform Act that involve various risks and uncertainties.

Typically, these statements are indicated by words such as "anticipates",
"expects", "believes", "plans", "could", and similar words and phrases. Factors

                                       10
<PAGE>
that could cause the company's actual results to differ materially from
management's projections, forecasts, estimates and expectations include but are
not limited to the following:

*    Inability of the company to secure additional financing

*    Unexpected economic changes in the United States

*    The imposition of new restrictions or regulations by government agencies
     that affect the Company's business activities.

The following discussion will highlight the relative activities of the Company's
business activities as they existed during the period accounted for herein, to
wit, the six months ended July 31, 2001. Interested parties are encouraged to
read the Company's subsequent filings for a discussion of the evolution of its
business operations.

I. RESULTS OF OPERATIONS

COMPARISON OF OPERATING RESULTS:

SIX MONTHS CONSOLIDATED SALES, GROSS PROFIT, AND NET INCOME:

During the period of this Report (the six months ended July 31, 2001), the
Company began to lease its foreign currency software program to various
independent dealers in foreign currency. Management expects sales revenues to
exponentially increase over the next year and then to level off as the market
for its product matures.

Revenues for the period were $8,144, which represents value added service fees
for the usage of the Company's software. Cost of sales is depreciation of the
costs of developing the FX3000 program. Gross profits were a deficit of $9,589
for the period. Gross profits were in deficit since the full cost of the
software program became depreciable in the second quarter as the program was
placed into service. Management estimates that cost of sales, or depreciation on
the software, will remain level over the next year and the revenues should
increase as the industry becomes more familiar with the Company's product and
more of the demo uses are converted to live trading.

General and administrative expenses for the period were $215,620 compared to
$395,620 in the same period of 2000, a decrease of 45%. The decrease in general
and administrative costs is attributed to the contraction of employee and
consulting costs. Most of the employees currently employed by the Company are in
the software development area and management expects consultant and salary costs
to remain flat over the next six months.

After deducting general and administrative costs, the Company experienced a loss
from operations of $225,209 as compared to a loss of $395,632 for the same
period last year.

The Company realized $5,000 from miscellaneous software consulting services
provided to other companies. Interest income results from the accrued interest
on a $60,000 loan advanced to a shareholder in April 2001. The interest charged
on the loan is 3.50%. Interest expense represents interest accrued on the
outstanding debentures.

                                       11
<PAGE>
Net loss for period was $245,170 compared to a loss of $388,359 for the same
period last year. On a per share basis, loss per share decreased from a loss of
$0.05 to a loss of $0.03.

THREE MONTHS ENDED JULY 31, 2001 CONSOLIDATED SALES, GROSS PROFIT, AND NET
INCOME:

Revenues for the period were $8,144, which represents value added service fees
for the usage of the Company's software. Cost of sales includes depreciation of
the costs of developing the FX3000 program. Gross profits were a deficit of
$9,589 for the period. Gross profits were in deficit since the full cost of the
software program became depreciable in the second quarter as the program was
placed into service. Management estimates that cost of sales, or depreciation on
the software, will remain level over the next year and the revenues should
increase as the industry becomes more familiar with the Company's product and
more of the demo uses are converted to live trading.

General and administrative expenses for the period were $140,276 compared to
$322,707 in the same period of 2000, a decrease of 57%. The decrease in general
and administrative costs during the current period is attributed to the
contraction of employee and consulting costs. Most of the employees currently
employed by the Company are in the software development area. At July 31, 2001
management projected that consultant and salary costs would remain flat over the
next six months.

After deducting general and administrative costs, the Company experienced a loss
from operations of $149,865 for the first six months of fiscal 2002 as compared
to a loss of $322,707 for the same period in fiscal 2001.

Interest income results from the accrued interest on a $60,000 loan advanced to
a shareholder in April 2001. The interest charged on the loan is 3.50%. Interest
expense represents interest accrued on the outstanding debentures.

Net loss for period was $168,073 compared to a loss of $316,787 for the same
period last year. On a per share basis, loss per share decreased from a loss of
$0.04 to a loss of $0.02.

II. DISCUSSION OF FINANCIAL CONDITION: LIQUIDITY AND CAPITAL RESOURCES

At July 31, 2001, the company had a working capital deficit of $38,851 as
compared to a working capital deficit of $259,362 at January 31, 2001. Since its
inception, the Company's principal source of capital has been through the sale
of its securities to investors in a series of private placement offerings
conducted under Rule 506 of Regulation D promulgated under the Securities Act of
1933. Most of the increase in working capital during the period reported herein
is attributable to net proceeds of $519,164 in stock subscriptions received
during the first six months of fiscal year 2002.

On a consolidated basis at July 31, 2001 cash on hand was $297,977 as compared
with $18,573 at January 31, 2001. During the period, operations used cash of
$264,846. During the period, the Company purchased an additional computer server
for $18,170 in order to improve and expand its online service. In addition the
Company spent $67,246 on the further development and upgrade of the software
program. The FX3000 software program will be continually upgraded as sales
volume increases.

                                       12
<PAGE>
During the period, the Company received proceeds of $542,191 for subscriptions
to 271,095 shares of stock. The Company paid $23,027 during the period in
placement fees associated with the raising of capital.

During the period, a shareholder of the Company advanced $10,502 for operations.
The advance has no stated interest.

Total assets at July 31, 2001 were $1,518,885. Most of the assets are comprised
of the capitalized costs associated with the development of the FX3000 software
program, or $1,095,208. Other payable is the advances from shareholders
discussed above.

The Company's total stockholders' equity increased from $844,691 at January 31,
2001 to $1,118,685 at July 31, 2001. The increase is due to a combination of net
proceeds from subscriptions sold of $519,164 and a net loss from operations of
$245,170.

During the balance of fiscal 2002, the Company projects additional expenditures
in connection with the continual upgrading and expansion of the FX3000 software
program.

III. INFLATION

Management anticipates that inflation will not have a material effect on the
Company's operations in the future. This is principally due to the fact that its
revenues and profits are expected to be derived from the licensing of its
software system to operators, such as broker/dealers for the use of their
clients. Essentially, the Company's software product is intended to facilitate
an investment environment that is typically not affected by inflationary trends.

IV. TRENDS AFFECTING LIQUIDITY, CAPITAL RESOURCES AND OPERATIONS

A number of factors are expected to impact the Company's liquidity, capital
resources and future operations. Included among these are governmental
regulation of the trading of currencies by individuals and the acceptability of
currency trading by a large number of individual high net worth investors.
Management believes that the increasing regulation of securities and other forms
of investment vehicles will increase demand for alternate investment vehicles
such as currency trading, thereby increasing demand for the Company's products
and will significantly expand the Company's markets.

The Company has developed its FX3000 software to allow access by individual and
institutional traders to what has traditionally been an investment arena
restricted to large financial institutions and banks. Management believes that
as investors become more sophisticated there will be an increased demand for
access to these types of previously unavailable trading vehicles.

As other new technological products under development by the Company are
introduced, management believes that sales revenues will increase and, over the
long term, will result in stable sales and profits for the Company.

                                       13
<PAGE>
                            PART II OTHER INFORMATION

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits

    Exhibit No.                         Description
    -----------                         -----------

       99.1        Certification under Section 906 of the Sarbanes-Oxley Act
                   of 2002 of Chief Executive Officer

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

(b) Reports on Form 8-K

     None

                                   SIGNATURES

In accordance with the requirements of Section 13 of 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed in
its behalf by the undersigned, thereunto duly authorized.


Date: June 19, 2003                     By: /s/ Abel Raskas
                                            ---------------------------------
                                            Abel Raskas
                                            President


Date: June 19, 2003                     By: /s/ Alex Stelmak
                                            ---------------------------------
                                            Alex Stelmak
                                            Chief Executive Officer and
                                            Chief Financial Officer

                                       14
<PAGE>
                CERTIFICATION PURSUANT TO RULE 13A-14 AND 15D-14
              UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

    I, Abel Raskas, President and a Director of the Registrant, Advanced
Technologies Group, Ltd, certify that:

    1. I have reviewed this quarterly report on Form 10-QSB of Advanced
Technologies Group, Ltd.;

    2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

    3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
Registrant as of, and for, the periods presented in this quarterly report;

    4. The Registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the Registrant and we have:

    (a) designed such disclosure controls and procedures to ensure that material
information relating to the Registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the
period in which this quarterly report is being prepared;

    (b) evaluated the effectiveness of the Registrant's disclosure controls and
procedures as of a date within 90 days of the filing date of this quarterly
report (the "Evaluation Date"); and

    (c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
of the Evaluation Date;

    5. The Registrant's other certifying officer and I have disclosed, based on
our most recent evaluation, to the Registrant's auditors and the audit committee
of the Registrant's board of directors (or persons performing the equivalent
function):

    (a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the Registrant's ability to record,
process, summarize and report financial data and have identified for the
Registrant's auditors any material weaknesses in internal controls; and

    (b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the Registrant's internal controls; and

    6. The Registrant's other certifying officer and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal
controlssubsequent to the date of our most recent evaluation, including any
corrective actions with regard to significant deficiencies and material
weaknesses.

Date: June 19, 2003                     By: /s/ Abel Raskas
                                            ---------------------------------
                                            Abel Raskas
                                            President and a Director

                                       15
<PAGE>
                CERTIFICATION PURSUANT TO RULE 13A-14 AND 15D-14
              UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

    I, Alex Stelmak, Chief Financial Officer and a Director of the Registrant,
Advanced Technologies Group, Ltd., certify that:

    1. I have reviewed this quarterly report on Form 10-QSB of Advanced
Technologies Group, Ltd.;

    2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

    3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
Registrant as of, and for, the periods presented in this quarterly report;

    4. The Registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the Registrant and we have:

    (a) designed such disclosure controls and procedures to ensure that material
information relating to the Registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the
period in which this quarterly report is being prepared;

    (b) evaluated the effectiveness of the Registrant's disclosure controls and
procedures as of a date within 90 days of the filing date of this quarterly
report (the "Evaluation Date"); and

    (c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
of the Evaluation Date;

    5. The Registrant's other certifying officer and I have disclosed, based on
our most recent evaluation, to the Registrant's auditors and the audit committee
of the Registrant's board of directors (or persons performing the equivalent
function):

    (a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the Registrant's ability to record,
process, summarize and report financial data and have identified for the
Registrant's auditors any material weaknesses in internal controls; and

    (b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the Registrant's internal controls; and

    6. The Registrant's other certifying officer and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: June 19, 2003                     By: /s/ Alex Stelmak
                                            ---------------------------------
                                            Alex Stelmak
                                            Chief Financial Officer and a
                                            Director

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