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 October 31, 2006

                         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)

                                 (212) 482-0192
              (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 [X] NO [ ]

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 October 31, 2006
          -----                                  -------------------------------
Common stock, $0.0001 par value                             17,263,140
<PAGE>
                                TABLE OF CONTENTS


Item                                                                        Page
                                                                            ----

INDEX                                                                          2

Part I. Financial information                                                  3

     Item 1. Condensed Consolidated Financial Statements:                      3

          Balance sheet as of October 31, 2006 and January 31, 2005            4

          Statement of income (loss) for nine months ended
          October 31, 2006 and 2005                                            5

          Statement of cash flows for nine months ended October 31, 2006
          and 2005                                                             6

          Statement of changes in shareholders equity for the nine
          months ended October 31, 2006                                        7

          Notes to condensed consolidated financial statements                 8

     Item 2. Management's discussion and analysis of financial condition      12

Part II. Other information

     Item 6. Exhibits and Reports on Form 8-K                                 15

Signatures                                                                    16

                                       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.
                           Consolidated Balance Sheets
                   As of October 31, 2006 and January 31, 2006

<TABLE>
<CAPTION>
                                                                                         Unaudited
                                                                                         31-Oct-06              31-Jan-06
                                                                                        ------------           ------------
<S>                                                                                     <C>                    <C>
ASSETS

Current assets:
   Cash & short term deposits                                                           $    341,444           $    442,575
                                                                                        ------------           ------------
       Total current assets                                                                  341,444                442,575

Other assets:
   Property & equipment- net                                                            $     45,610           $     64,089
   Security deposit                                                                           45,000                 45,000
   Trademark- net                                                                              8,632                  9,085
                                                                                        ------------           ------------

        Total assets                                                                    $    440,686           $    560,749
                                                                                        ============           ============

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
   Accounts payable & accrued expenses                                                  $     94,509           $     94,509
                                                                                        ------------           ------------
        Total current liabilities                                                             94,509                 94,509

Shareholders' equity:
   Series A preferred stock, one share convertible to one share of common;
    13% cumulative non-participating, authorized 1,000,000 shares at
    stated value of $3 per share, issued and outstanding 880,588 shares                 $  2,068,122           $  2,068,122
   Series B preferred stock, one share convertible to one share of common;
    6% cumulative non-participating, authorized 7,000,000 shares at
    stated value of $3 per share, issued and outstanding 1,713,598 shares                  5,028,193              4,724,804
   Common stock - $.0001 par value, authorized 100,000,000 shares, issued
    and outstanding, 17,263,140 shares                                                         1,727                  1,727
   Additional paid in capital                                                             31,275,783             31,275,783
   Accumulated deficit                                                                   (38,027,648)           (37,604,196)
                                                                                        ------------           ------------
       Total shareholders' equity                                                            346,177                466,240
                                                                                        ------------           ------------
       Total Liabilities & Shareholders' Equity                                         $    440,686           $    560,749
                                                                                        ============           ============
</TABLE>

See the notes to the financial statements.

                                       4
<PAGE>
                        Advanced Technologies Group, Ltd.
                 Unaudited Consolidated Statements of Operations
                For the Nine and Three Months Ended October 31st

<TABLE>
<CAPTION>
                                                  Unaudited        Unaudited        Unaudited        Unaudited
                                                    9 Mos.           9 Mos.           3 Mos.           3 Mos.
                                                  31-Oct-06        31-Oct-05        31-Oct-06        31-Oct-05
                                                 -----------      -----------      -----------      -----------
<S>                                              <C>              <C>              <C>              <C>
Revenues:
  Gross revenues from software maintenance       $   872,520      $   682,092      $   262,864      $   257,846
  Software maintenance costs                        (509,021)        (432,606)        (107,469)        (138,684)
                                                 -----------      -----------      -----------      -----------
      Net revenues                               $   363,499      $   249,486      $   155,395      $   119,162

General and administrative expenses:
  Salaries and benefits                          $   213,587      $   169,303      $   101,872      $   101,859
  Promotion & investor relations                      73,873           16,549            1,450            3,230
  Consulting                                         145,311          226,524           40,691          182,264
  General administration                             338,000          267,100           96,638          180,807
  Depreciation                                        18,509           14,975            5,766           (2,083)
                                                 -----------      -----------      -----------      -----------
      Total general & administrative expenses        789,280          694,451          246,417          466,077
                                                 -----------      -----------      -----------      -----------

Net loss from operations                         $  (425,781)     $  (444,965)     $   (91,022)     $  (346,915)

Other revenues and expenses:
  Interest income                                      2,329            5,948              643            2,257
                                                 -----------      -----------      -----------      -----------

Net loss before provision for income taxes       $  (423,452)     $  (439,017)     $   (90,379)     $  (344,658)

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

Net loss                                         $  (423,452)     $  (439,017)     $   (90,379)     $  (344,658)
                                                 ===========      ===========      ===========      ===========
Loss per common share:
  Basic & fully diluted                          $     (0.05)     $     (0.07)     $     (0.01)     $     (0.02)

Weighted average of common shares:
  Basic & fully diluted                           17,263,140       16,883,137       17,263,140       16,900,121
</TABLE>

See the notes to the financial statements.

                                       5
<PAGE>
                        Advanced Technologies Group, Ltd.
                 Unaudited Consolidated Statements of Cash Flows
                     For the Nine Months Ended October 31st

<TABLE>
<CAPTION>
                                                              Unaudited           Unaudited
                                                              31-Oct-06           31-Oct-05
                                                              ---------           ---------
<S>                                                           <C>                 <C>
Operating Activities:
  Net loss                                                    $(423,452)          $(439,017)
  Adjustments to reconcile net loss items
   not requiring the use of cash:
    Amortization                                                    453                 454
    Depreciation                                                 18,509              32,286
  Changes in other operating assets and liabilities:
    Accounts receivable                                               0              (1,000)
    Accounts payable                                                (30)            (69,977)
                                                              ---------           ---------
Net cash used by operations                                   $(404,520)          $(477,254)

Financing Activities:
  Subscriptions received                                      $ 347,236           $ 307,117
  Placement fees                                                (43,847)            (23,770)
  Shareholder advances repaid                                         0             (15,388)
                                                              ---------           ---------
Net cash provided by financing activities                       303,389             267,959
                                                              ---------           ---------

Net increase (decrease) in cash during the period              (101,131)           (209,295)

Cash balance at February 1st                                    442,575             597,547
                                                              ---------           ---------

Cash balance at October 31st                                  $ 341,444           $ 388,252
                                                              =========           =========

Supplemental disclosures of cash flow information:
  Interest paid during the period                             $       0           $       0
  Income taxes paid during the period                         $   7,666           $       0
</TABLE>


See the notes to the financial statements.

                                       6
<PAGE>
                        Advanced Technologies Group, Ltd.
       Unaudited Consolidated Statement of Changes in Shareholders' Equity
                     For the Nine Months Ended October 31st

<TABLE>
<CAPTION>
                                  Common        Common       Preferred     Preferred      Paid in       Accumulated
                                  Shares       Par Value      Shares         Value        Capital         Deficit        Total
                                  ------       ---------      ------         -----        -------         -------        -----
<S>                             <C>            <C>           <C>          <C>            <C>           <C>             <C>
Balance at February 1, 2006     17,263,140     $   1,727     2,594,186    $ 6,792,926    $31,275,783   ($37,604,196)   $ 466,240

Subscriptions received                                                        303,389                                    303,389

Net loss for the period                                                                                    (423,452)    (423,452)
                               -----------     ---------    ----------    -----------    -----------   ------------    ---------

Balance at October 31, 2006     17,263,140     $   1,727     2,594,186    $ 7,096,315    $31,275,783   ($38,027,648)   $ 346,177
                               ===========     =========    ==========    ===========    ===========   ============    =========

Balance at February 1, 2005     16,790,127     $   1,779     2,267,086    $ 6,733,020    $29,355,886   $(35,412,566)   $ 678,119

Subscriptions received                                         102,372        283,347                                    283,347

Dividends paid                     109,994     $      11                                 $   329,971   $   (329,982)   $       0

Net loss for the period                                                                                    (439,017)    (439,017)
                               -----------     ---------    ----------    -----------    -----------   ------------    ---------

Balance at October 31, 2005     16,900,121     $   1,790     2,369,458    $ 7,016,367    $29,685,857   ($36,181,565)   $ 522,449
                               ===========     =========    ==========    ===========    ===========   ============    =========
</TABLE>

See the notes to the financial statements.

                                       7
<PAGE>
                        Advanced Technologies Group, Ltd.
            Unaudited Notes to the Consolidated Financial Statements
                       For the Nine Months Ended July 31st


1. ORGANIZATION OF THE COMPANY AND SIGNIFICANT ACCOUNTING PRINCIPLES

Advanced Technologies Group, Ltd. (the Company) was incorporated in the State of
Nevada in February 2000. The Company is the designer and owner of the FX3000, a
foreign currency trading software program. In March 2002, the Company sold the
FX3000 software program, for a 25% interest in a joint venture with FX Direct
Dealer LLC, a company that markets the FX3000 software.

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

USE OF ESTIMATES- The preparation of the consolidated 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.

REVENUE RECOGNITION- Maintenance and development revenues are recognized when
earned.

The Company's 25% interest in the joint venture is accounted for on a cost basis
and adjusted for any unrealized gains of FX Direct Dealer. Profit sharing
revenues received from the joint venture are first applied to the cost of the
investment and then to revenues.

The Company received no profit sharing revenues since its investment in FX
Direct Dealer in 2002.

CASH AND INTEREST BEARING DEPOSITS- For purposes of calculating changes in cash
flows, cash includes all cash balances and highly liquid short-term investments
with an original maturity of three months or less.

FIXED ASSETS- Office and computer equipment are stated at cost. Depreciation
expense is computed using the straight-line method over the estimated useful
life of the asset. The following is a summary of the estimated useful lives used
in computing depreciation expense:

     Furniture & lease improvements     7 years
     Office equipment                   3 years
     Computer hardware                  3 years
     Software                           3 years

Expenditures for major repairs and renewals that extend the useful life of the
asset are capitalized. Minor repair expenditures are charged to expense as
incurred.

LONG LIVED ASSETS- The Company reviews for the impairment of long-lived assets
whenever events or changes in circumstances indicate that the carrying amount of
an asset may not be recoverable. An impairment loss would be recognized when
estimated future cash flows expected to result from the use of the asset and its
eventual disposition is less than its carrying amount.

                                       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 LOSS PER SHARE

Net loss per common share has been computed as follows:

                                              31-Oct-06            31-Oct-05
                                            ------------         ------------

     Shares outstanding                       17,263,140           16,900,121
                                            ============         ============

     Weighted average                         17,263,140           16,883,137
                                            ============         ============

     Net loss                               $   (423,452)        $   (439,017)

     Preferred dividends in arrears             (502,067)            (695,332)
                                            ------------         ------------

     Loss available to common shares        $   (925,519)        $ (1,134,349)
                                            ============         ============

     Loss per common share:
     Basic & fully diluted                  $      (0.05)        $      (0.07)
                                            ============         ============

3. FIXED ASSETS

The following table is a summary of fixed assets:

                                            Unaudited
                                            31-Jul-06            31-Jan-06
                                            ---------            ---------
     Software                               $  89,778            $  89,778
     Lease Improvements                        27,904               27,904
     Furniture & Fixtures                      30,174               30,174
     Equipment                                229,550              229,520
     Accumulated depreciation                (331,796)            (313,287)
                                            ---------            ---------

     Fixed assets- net                      $  45,610            $  64,089
                                            =========            =========

                                       9
<PAGE>
4. STOCK WARRANTS OUTSTANDING

The following table summarizes the details of the number of warrants
outstanding:

                                                         Wgtd Avg       Years to
                                           Amount      Exercise Price   Maturity
                                           ------      --------------   --------
    Outstanding at February 1, 2005       1,701,731
      Issued                              1,196,427
      Expired                                     0
      Exercised                                   0
                                          ---------

    Outstanding at January 31, 2006       2,898,158         $5            2.56
      Issued                                      0
      Expired                                     0
      Exercised                                   0
                                          ---------
    Outstanding at 10/31/2006             2,898,158         $5            1.81
                                          =========

The Company has no formal stock option plan for employees.

5. INCOME TAXES

Provision for income taxes is comprised of the following:

                                                   31-Oct-06         31-Oct-05
                                                  -----------       -----------

     Net loss before provision for income taxes   $  (425,781)      $  (444,965)
                                                  ===========       ===========
     Current tax expense:
       Federal                                    $         0       $         0
       State                                                0                 0
                                                  -----------       -----------
       Total                                      $         0       $         0

     Less deferred tax benefit:
       Timing differences                          (3,814,851)       (2,987,127)
       Allowance for recoverability                 3,814,851         2,987,127
                                                  -----------       -----------
       Provision for income taxes                 $         0       $         0
                                                  ===========       ===========

                                       10
<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%           34%
     Statutory state and local income tax                      10%           10%
     Less allowance for tax recoverability                    -44%          -44%
                                                      -----------   -----------
     Effective rate                                             0%            0%
                                                      ===========   ===========

Deferred income taxes are comprised of the following:

     Timing differences                               $ 3,814,851   $ 2,987,127
     Allowance for recoverability                      (3,814,851)   (2,987,127)
                                                      -----------   -----------
     Deferred tax benefit                             $         0   $         0
                                                      ===========   ===========

Note: The deferred tax benefits arising from the timing differences expires in
fiscal years 2020 to 2026 and may not be recoverable upon the purchase of the
Company under current IRS statutes.

6. RELATED PARTY TRANSACTIONS

During nine months ended October 31st, the Company paid a consulting firm that
is owned by the chief executive officer, approximately $71,000 and $135,000,
respectively, for marketing, investor relations, business planning, financial
services, and public relations consulting services.

                                       11
<PAGE>
ITEM 2. 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., a Delaware
corporation, the designer of the FX3000 software program. The FX3000 software
program is a financial real time quote and money management platform for use by
independent foreign currency traders. In March 2002, the Company transferred its
FX3000 program to FX Direct Dealer, LLC, a joint venture company that markets
the FX3000 software program. The Company received a 25% interest in the company
in return for the transfer. The remaining 75% of the joint venture company is
owned by Tradition, N.A., a major, Swiss-based financial company.

The Company also is the developer of the PromotionStat software program, which
assists on-line advertisers in monitoring their marketing effectiveness and
which is marketed through the Company's subsidiary, PromotionStat Inc. The
Company, through its wholly owned subsidiaries, seeks to generate revenue
through its investment in FX Direct Dealer and the PromotionStat E-commerce
advertising screening platform software.

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 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.

To the extent possible, the following discussion will highlight the activities
of the Company's business activities for the nine and three months ended October
30, 2006 and October 30, 2005.

I. RESULTS OF OPERATIONS

COMPARISON OF OPERATING RESULTS

CONSOLIDATED SALES, GROSS PROFIT, AND NET INCOME (NINE MONTHS)

Total net revenues for the first nine months of fiscal 2007 were $363,499,
compared to $249,486 for the same period in fiscal 2006, an increase of
$114,013, or almost 47%. This increase was due to increased revenues from the
Company's joint venture to market the FX 3000 Program, with gross revenues from
software maintenance having increased to approximately $100,000 per month (up
from approximately $71,000 per month in the same period last year). Management

                                       12
<PAGE>
believes that revenues from this joint venture will continue to increase during
the balance of fiscal 2007 and fiscal 2008 as the marketing program for this
product continues to develop. Management does not expect any significant
revenues from its PromotionStat technology since all of its efforts have been
concentrated in the joint venture operations.

General and administrative expense for the first nine months of fiscal 2007 was
$789,280 compared to $694,451 for 2006, an increase of almost 14%. Major
increases in costs during this period were in travel related costs and in rent
and utilities, with some decreases in general supplies, automobile costs and
telephone expense.

The detail of general administrative costs is as follows:

                                     31-Oct-06       31-Oct-05
                                     ---------       ---------
     Travel, lodging, & meals        $131,072        $ 68,077
     Promotion                          2,251               0
     Rent & utilities                  73,187          29,314
     Supplies                          29,855          46,631
     Internet providers                 8,383               0
     Automobile costs                  29,873          37,155
     Telephone                          6,377          28,480
     Professional fees                 46,641          46,588
     Miscellaneous taxes                7,666           6,995
     Postage                            2,695           3,860
                                     --------        --------

     Total                           $338,000        $267,100
                                     ========        ========

After deducting general and administrative costs, the Company experienced a loss
from operations of $425,781 for the first nine months of fiscal 2007, compared
to an operating loss of $444,965 for the same period in fiscal 2006.

Interest income decreased slightly from 2006 since the Company's average cash
balance has decreased in 2007. The Company invests excess cash balance in money
market accounts.

Net loss for this period in fiscal 2007 was $423,452 or $0.05 per share compared
to a loss of $439,017, or $0.07 per share for the same period in fiscal 2006.

COMPARISON OF OPERATING RESULTS (THREE MONTHS)

CONSOLIDATED SALES, GROSS PROFIT, AND NET INCOME

Total net revenues for the three months ended October 31, 2006 were $155,395,
compared to $119,162 for the same period in fiscal 2006. The increase during
this period was due to higher revenues from the Company's joint venture to
market the FX 3000 Program, an increase of almost 30.4%. Management believes
that revenues from this joint venture will continue to increase through fiscal
2007 and 2008 as the marketing program for this product continues to develop.

                                       13
<PAGE>
General and administrative expense for the third quarter of fiscal 2007 was
$246,417 compared to $466,077 for the same period in fiscal 2006.

After deducting general and administrative costs, the Company experienced a loss
from operations of $91,022 for the third quarter of fiscal 2007, compared to a
loss of $346,077 for the same period in fiscal 2006.

Interest income has decreased from 2005 since the Company's average cash balance
has decreased in 2006. The Company invests excess cash balance in money market
accounts.

Net loss for the third quarter of fiscal 2007 was $90,379, or $0.01 per share
compared to loss of $344,658, or $0.01 per share for the same period in fiscal
2006.

DISCUSSION OF FINANCIAL CONDITION: LIQUIDITY AND CAPITAL RESOURCES

At October 31, 2006 cash on hand was $341,444 as compared with $442,575 at
January 31, 2006. During the period the Company received $347,236 in net
subscriptions to its preferred B stock.. Operations used $404,520 of the cash.

The Company does not expect any material capital expenditures for the balance of
fiscal 2007.

At October 31, 2006, the Company had working capital of $346,177 compared to a
working capital of $466,240 at January 31, 2006.

Total assets at October 31, 2006 were $440,686 as compared to $560,749 at
January 31, 2006.

The Company's total stockholders' equity decreased to $346,177 at October 31,
2006 from $466,240 at January 31, 2006.

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.

                                       14
<PAGE>
The Company has developed its FX3000 software to allow access by individual
investors 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 investment 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.

                           PART II OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a) EXHIBITS

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

      31.1        Certification under Section 302 of the Sarbanes-Oxley Act
                  of 2002 of Chief Executive Officer

      31.2        Certification under Section 302 of the Sarbanes-Oxley Act
                  of 2002 of Chief Financial Officer

      32          Certification under Section 906 of the Sarbanes-Oxley Act
                  of 2002 of Chief Executive Officer and Chief Financial Officer

(b) Reports on Form 8-K

     None

                                       15
<PAGE>
                                   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: November 30, 2006                 By: /s/ Abel Raskas
                                            -----------------------------------
                                             Abel Raskas
                                             President


Date: November 30, 2006                 By: /s/ Alex Stelmak
                                            -----------------------------------
                                             Alex Stelmak
                                             Chairman of the Board of Directors
                                             and Chief Financial Officer


                                       16