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 April 30, 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 April 30, 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 April 30, 2001 and January 31, 2001                4

     Statement of income  (loss) for three months ended April 30, 2001
     and 2000                                                               5

     Statement of cash flows for three months ended April 30, 2001
     and 2000                                                               6

     Statement of changes in shareholders equity for the three months
     ended April 30, 2001                                                   7

     Notes to condensed consolidated financial statements                8 to 10

Item 2. Management's discussion and analysis of financial condition        11

Part II. Other information                                                 14

Signatures                                                                 15

Certifications                                                             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 Technology Group, Ltd.
                          (A development stage company)
                             Unaudited Balance Sheet
                              As of April 30, 2001


<TABLE>
<CAPTION>
                                                               30-Apr-01         31-Jan-01
                                                              -----------       -----------
<S>                                                           <C>               <C>
ASSETS

Current assets:
  Cash & interest bearing deposits                            $     4,758       $    18,573
  Receivable from shareholder                                      62,114            61,575
                                                              -----------       -----------

      Total current assets                                         66,872            80,148

Other assets:
  Office & computer equipment                                     139,249           139,249
  Software development costs                                    1,064,062         1,027,962
  Accumulated depreciation                                        (82,836)          (73,775)
  Trademarks & patents                                             10,442            10,615
                                                              -----------       -----------

      Total assets                                            $ 1,197,789       $ 1,184,199
                                                              ===========       ===========

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
  Accounts payable & accrued expenses                         $    14,693       $    82,401
  Other payable                                                   240,502            85,000
  Debentures payable (net of unamortized discount)                175,000           172,107
                                                              -----------       -----------

      Total current liabilities                                   430,195           339,508

Shareholders' equity:
  Common stock- $.0001 par value, authorized 100,000,000
   shares, issued and outstanding, 7,782,102                          778             1,239
  Additional paid in capital                                    3,898,687         3,898,226
  Accumulated deficit during the development stage             (3,131,871)       (3,054,774)
                                                              -----------       -----------
      Total shareholders' equity                                  767,594           844,691
                                                              -----------       -----------

      Total Liabilities & Shareholders' Equity                $ 1,197,789       $ 1,184,199
                                                              ===========       ===========
</TABLE>
              See accompanying notes to these financial statements.

                                       4
<PAGE>
                         Advanced Technology Group, Ltd.
                          (A development stage company)
                        Unaudited Statement of Operations
                      For the Quarter Ended April 30, 2001

<TABLE>
<CAPTION>
                                                   30-Apr-01         30-Apr-00
                                                  -----------       -----------
<S>                                               <C>               <C>
Revenues:
  Gross Sales                                     $         0       $         0
  Less cost of sales                                        0                 0
                                                  -----------       -----------

  Gross profit on sales                                     0                 0

General and administrative expenses:
  Salaries and benefits                                 3,006             9,875
  Rent & utilities                                     15,000             4,950
  Consulting & professional fees                       20,400            38,389
  General administration                                4,050            11,820
  Communication costs                                  20,761               983
  Amortization                                          3,066                 0
  Depreciation                                          9,061             6,909
                                                  -----------       -----------
  Total costs and operating expenses                   75,344            72,926

Net loss from operations                              (75,344)          (72,926)

Other revenues and expenses:
  Consulting fees                                       5,000                 0
  Interest income                                         539             1,353
  Interest expense                                     (7,292)                0
                                                  -----------       -----------

Net income before provision for income taxes          (77,097)          (71,573)

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

Net loss                                          $   (77,097)      $   (71,573)
                                                  ===========       ===========
Loss per common share:
  Basic & fully diluted                           $     $0.01)      $     (0.01)
Weighted average of common shares:
  Basic & fully diluted                             7,782,102         7,782,102
</TABLE>
              See accompanying notes to these financial statements.

                                       5
<PAGE>
                         Advanced Technology Group, Ltd.
                          A development stage company)
                        Unaudited Statement of Cash Flows
                      For the Quarter Ended April 30, 2001

<TABLE>
<CAPTION>
                                                         30-Apr-01       30-Apr-00
                                                         ---------       ---------
<S>                                                      <C>             <C>
Operating Activities:
  Net loss                                               $ (77,097)      $ (71,573)
  Adjustments to reconcile net income items
   not requiring the use of cash:
    Depreciation                                             9,061           6,909
    Amortization                                             3,066               0

Changes in other operating assets and liabilities :
  Prepaid expenses                                               0          (1,916)
  Accounts payable & accrued expenses                      (67,708)         (1,275)
                                                         ---------       ---------

Net cash used by operations                               (132,678)        (67,855)

Investing Activities:
  Software development costs capitalized                   (36,100)        (17,260)
                                                         ---------       ---------

Net cash used by investing activities                      (36,100)        (17,260)

Financing Activities:
  Advances to shareholders                                    (539)        (60,175)
  Advances from shareholders                               155,502               0
                                                         ---------       ---------

Net cash provided by financing activities                  154,963         (60,175)
                                                         ---------       ---------

Net decrease in cash during the period                     (13,815)       (145,290)

Cash balance at beginning of the fiscal year                18,573         440,253
                                                         ---------       ---------

Cash balance at end of the period                        $   4,758       $ 294,963
                                                         =========       =========

Supplemental disclosures of cash flow information:
  Interest paid during the period                        $       0       $       0
  Income taxes paid during the period                    $       0       $       0
</TABLE>
              See accompanying notes to these financial statements.

                                       6
<PAGE>
                         Advanced Technology Group, Ltd.
                          (A Development Stage Company)
             Unaudited Statement of Changes in Shareholders' Equity
                     For the Quarter 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

Adjustment                                        (461)           461                            0

Net loss for the period                                                       (77,097)     (77,097)
                               ----------     --------     ----------     -----------     --------

Balance at April 30, 2001       7,782,102     $    778     $3,898,687     $(3,131,871)    $767,594
                               ==========     ========     ==========     ===========     ========
</TABLE>

              See accompanying notes to these financial statements.

                                       7
<PAGE>
                         Advanced Technology 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. The Company has no
business operations to date.

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 currency software. The software is designed to enable prospective
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- the Company has no revenues since its inception and
its activities have been limited to a developmental nature. The Company has
therefore has treated its activities since as a development stage company as per
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.

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

                                       8
<PAGE>
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. CONVERTIBLE DEBENTURES

In October 2000, the Company received proceeds of $175,000 by issuing
subordinated convertible debentures.

The debentures mature in October 2001 at an interest rate of 12.50% and are
subordinated to the claims of general creditors.

Each debenture unit, issued at a price of $100,000 per unit, includes 5,000
detachable warrants that entitles the holder to purchase one share of common
stock at an exercise price of 80% of the average market price of the Company's
stock for the twenty trading days preceding conversion. The warrants are
callable by the Company at $.10 per warrant in the event that the market price
of the Company's stock is greater than 150% of the exercise price of the
warrant. The warrants expire in October 2003. As a result of the transaction,
8,750 warrants were issued.

Each debenture unit is convertible into common stock at a conversion rate
determined by dividing the debenture's principle by 80% of the average market
price of the Company's common stock for the twenty trading days preceding
conversion. The debentures become convertible in October 2001. In addition, upon
maturity, the debentures may be extended for an additional three years at 20%
interest and additional warrants at the option of the holder. The debentures are
callable by the Company. In the event that the debentures are called, the
Company will incur an additional interest expense to the holder of 20% per
debenture unit.

As a result of the issuance of the debentures, the Company has recognized
$46,558 in additional paid in capital as a beneficial conversion feature upon
the issuance of the debentures. The debt discount recognized is being amortized
to interest expense using the effective interest method from the date of
issuance to the date that the debentures become convertible. During the period,
$2,893 of the debt discount has been amortized to interest expense in the
statement of operations.

3. 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.

                                       9
<PAGE>
4. RELATED PARTY TRANSACTIONS

In fiscal year 2001, the Company lent an officer and shareholder of the Company
$60,000. The advance is unsecured and is due on demand and is recorded in loans
from shareholders in the consolidated balance sheet. The loan carries interest
of 3.50%. Interest income of $539 attributable to this loan has been recorded as
interest income in the statement of operations.

During the period, the Company borrowed $155,502 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 owned by an officer and
shareholder of the Company. The Company pays $5,000 per month for the use of
this space beginning in January 2001.

5. INCOME TAXES

Provision for income taxes is comprised of the following:

     Net loss before provision for income taxes                  ($ 77,097)
                                                                 =========
     Current tax expense:
       Federal                                                   $       0
       State                                                             0
                                                                 ---------

     Total                                                               0

     Less deferred tax benefit:
       Tax loss carryforward                                      (665,768)
       Allowance for recoverability                                665,768
                                                                 ---------

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

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                                       $ 665,768
     Allowance for recoverability                                 (665,768)
                                                                 ---------
     Deferred tax benefit                                        $       0
                                                                 =========

                                       10
<PAGE>
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 of
and, until the formation of a joint venture in 2002 (after the period of this
Report), was the owner of the FX3000 software platform. 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 three months
ended April 30, 2001, this Report has not been filed until June 2003. As
indicated in the Company's filing for subsequent periods, after April 30, 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
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 three months ended April 30, 2001. Interested parties are encouraged to
read the Company's subsequent filings for a discussion of the evolution of its
business operations.

                                       11
<PAGE>
I. RESULTS OF OPERATIONS

COMPARISON OF OPERATING RESULTS:

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

During the period of this Report (the three months ended April 30, 2001), the
Company completed its initial development of its FX3000 software system and
began to implement its direct marketing program for this product. However, no
revenues were realized from these efforts during this period.

However, during this period the Company incurred total costs and operating
expenses of $75,344, as compared to $72,926 for the same period in the prior
fiscal year. These costs included; (i) salaries and benefits of $3,006 (as
compared to 49,875 in the prior year); (ii) rent and utilities of $15,000
(compared to $4,950 in the prior year); (iii) Consulting and professional fees
of $20,400 (compared to $20,400 in the prior year); (iv) communication costs of
$20,761 (compared to $983 in the prior year); and (v) general administrative
costs of $4,050 (compared to $11,820. The most significant decrease in costs
incurred during this period resulted from the Company's cut back in office staff
to part-time personnel only, despite the increase in total office space utilized
during this period. 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.

Communications costs showed one of the most significant increases during this
period due primarily to the inclusion of a monthly fee to an internet provider
and installation of required T-1 phone lines. The amortization expense reflected
during this period resulted as a result of the issuance by the Company of
certain debentures in October 2000. Management estimates that cost of sales, or
depreciation on the software, will remain level over the next year and the
revenues should increase as its marketing efforts begin to show results and the
industry becomes more familiar with the Company's product and more of the demo
uses are converted to live trading.

During this period the Company also decreased its usage of independent
consultants previously required for the development of its software product.
However, management expects that this cost item may fluctuate in the future as
the need to develop modifications and updates to its software develop.

After deducting general and administrative costs, the Company experienced a net
loss from operations of $75,344 as compared to a net loss of $72,926 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.

Net loss for period was $77,097 compared to a net loss of $71,573 for the same
period last year. On a per share basis, loss per share decreased from a loss of
$0.01, unchanged from the prior year.

                                       12
<PAGE>
II. DISCUSSION OF FINANCIAL CONDITION: LIQUIDITY AND CAPITAL RESOURCES

At April 30, 2001, the Company had a working capital deficit of $363,323 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. However, during the first quarter of fiscal 2002 the Company had no such
sales of securities and most of the Company's operating funds during this period
were derived from advances made by shareholders to the Company.

On a consolidated basis at April 30, 2001 cash on hand was $4,758 as compared
with $18,573 at January 31, 2001. During the period, operations used cash of
$132,678. In addition, during this period, the Company spent $36,100 on the
further development and upgrade of the software program. The FX3000 software
program will be continually upgraded.

During the period the Company received advances from shareholders of $155,502
that were utilized for operations. The advances have no stated interest.

Total assets at April 30, 2001 were $1,197,789. Most of the assets are comprised
of the capitalized costs associated with the development of the FX3000 software
program, or $1,064,062. The category "Other payable" consists of the advances
from shareholders discussed above.

The Company's total stockholders' equity decreased from $844,691 at January 31,
2001 to $767,594 at April 30, 2001. The decrease is due to the expenditures in
connection with the ongoing development of its FX3000 software and the lack of
revenues or proceeds from the sale of securities, including a net loss from
operations of $77,097 during this period.

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.

                                       13
<PAGE>
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.

                            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

                                       14
<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: June 19, 2003                      By: /s/ Abel Raskas
                                            ---------------------------------
                                            Abel Raskas
                                            President


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

                                       15
<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 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/ Abel Raskas
                                            ---------------------------------
                                            Abel Raskas
                                            President and a Director

                                       16
<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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