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, 2002

                         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, 2002
Common stock, $0.0001 par value                            16,252,167
<PAGE>
                                TABLE OF CONTENTS

Item                                                                     Page
----                                                                     ----

INDEX                                                                      2

Part 1. Financial information                                              3

Item 1. Condensed Consolidated Financial Statements:

     Balance sheet as of October 30, 2002 and January 31, 2002             4

     Statement of income  (loss) for nine months ended October 31, 2002
     and 2001                                                              5

     Statement of cash flows for nine months ended October 31, 2002
     and 2001                                                              6

     Statement of changes in shareholders equity for the nine months
     ended October 31, 2002                                                7

     Notes to condensed consolidated financial statements               8 to 12

Item 2. Management's discussion and analysis of financial condition       13

Part II. Other information                                                17

Signatures                                                                18

Certifications                                                            19

                                       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 Consolidated Balance Sheets
                   As of October 31, 2002 and January 31, 2002

<TABLE>
<CAPTION>
                                                                               31-Oct-02          31-Jan-02
                                                                               ---------          ---------
<S>                                                                          <C>                <C>
ASSETS
Current assets:
   Cash & interest bearing deposits                                          $    187,102       $    316,752
   Accounts receivable                                                             41,081             21,000
                                                                             ------------       ------------
      Total current assets                                                        228,183            337,752

Other assets:
   Property & equipment (net of accumulated depreciation of
   $80,497 at October 31, 2002 and $622,851 at January 31, 2002)                  368,552          1,810,653
   Investment in joint venture                                                  1,670,485                  0
   Receivable from shareholder                                                     65,351             72,605
   Officer advance                                                                  1,000                  0
   Security deposit                                                                45,000             45,000
   Trademarks & patents (net of amortization of $1,059 at
    October 31, 2002 and $606 at January 31, 2002)                                 11,056             11,509
                                                                             ------------       ------------

      Total assets                                                           $  2,389,627       $  2,277,519
                                                                             ============       ============

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
   Accounts payable & accrued expenses                                       $    145,379       $    428,904
                                                                             ------------       ------------
      Total current liabilities                                                   145,379            428,904

Shareholders' equity:
   Series A preferred stock, 1 share convertible to 1 share of
    common 13% cumulative non-participating, authorized 1,000,000
    shares at stated value of $3 per share, issued and outstanding
    890,563 shares                                                              2,332,402          2,332,402
   Series B preferred stock, 1 share convertible to 1 share of common
    6% cumulative non-participating, authorized 7,000,000 shares at
    stated value of $3 per share, issued and outstanding 212,495 shares         1,590,394                  0
   Common stock - $.0001 par value, authorized 100,000,000 shares,
    issued and outstanding, 16,252,167 at October 31, 2002 and
    at January 31, 2002                                                             1,625              1,625
   Additional paid in capital                                                  27,833,981         27,765,258
   Accumulated deficit                                                        (29,514,154)       (28,250,670)
                                                                             ------------       ------------
      Total shareholders' equity                                                2,244,248          1,848,615
                                                                             ------------       ------------

      Total Liabilities & Shareholders' Equity                               $  2,389,627       $  2,277,519
                                                                             ============       ============
</TABLE>

                   See the notes to the financial statements.

                                       4
<PAGE>
                        Advanced Technologies Group, Ltd.
                 Unaudited Consolidated Statements of Operations
          For the Nine and Ended October 31, 2002 and October 31, 2001

<TABLE>
<CAPTION>
                                                 (9 Mos.)          (9 Mos.)         (3 Mos.)         (3 Mos.)
                                                 31-Oct-02        31-Oct-01        31-Oct-02        31-Oct-01
                                               ------------     ------------     ------------     ------------
<S>                                            <C>              <C>              <C>              <C>
Revenues:
  Gross Sales                                  $    223,388     $    124,039     $       (907)    $    115,625
  Less cost of sales                               (159,687)         (87,308)         (79,135)         (69,305)
                                               ------------     ------------     ------------     ------------

      Net gross loss on sales                        63,701           36,731          (80,042)          46,320

General and administrative expenses:
  Salaries and benefits                        $    225,387     $     82,912     $     48,938     $     48,829
  Rent & utilities                                   74,006           54,921           30,611           21,525
  Consulting & professional fees                    587,463           92,159          137,608           21,980
  General administration                            344,261           64,392          131,774           40,414
  Communication costs                                38,804           58,533            4,306           21,432
  Depreciation & amortization                        60,299           25,357              663            8,474
                                               ------------     ------------     ------------     ------------

      Total general & administrative expenses     1,330,220          378,274          353,900          162,654
                                               ------------     ------------     ------------     ------------

Net loss from operations                         (1,266,519)        (341,543)        (433,942)        (116,334)

Other revenues and expenses:
  Consulting fees                                         0           11,250                0            6,250
  Interest income                                     3,035            2,050              655              199
  Interest expense                                        0          (32,325)               0           (5,513)
                                               ------------     ------------     ------------     ------------

Net income before provision for income taxes     (1,263,484)        (360,568)        (433,287)        (115,398)

Provision for income taxes                                0                0                0                0
                                               ------------     ------------     ------------     ------------
Net loss                                       $ (1,263,484)    $   (360,568)    $   (433,287)    $   (115,398)
                                               ============     ============     ============     ============
Loss per common share:
  Basic & fully diluted                        $      (0.10)    $      (0.05)    $      (0.03)    $      (0.01)

Weighted average of common shares:
  Basic & fully diluted                          16,252,167        7,782,102       16,252,167        7,782,102
</TABLE>

         Please 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 31, 2002 and October 31, 2001

<TABLE>
<CAPTION>
                                                             31-Oct-02         31-Oct-01
                                                             ---------         ---------
<S>                                                        <C>               <C>
Operating Activities:
  Net loss                                                 $(1,263,484)      $  (360,568)
  Adjustments to reconcile net income items
   not requiring the use of cash:
     Amortization                                                  453             3,293
     Depreciation                                               59,846           112,265

Changes in other operating assets and liabilities :
  Accounts receivable                                          (20,081)                0
  Officer advances                                              (1,000)                0
  Accounts payable & accrued expenses                         (283,525)          (47,190)
                                                           -----------       -----------
Net cash used by operations                                 (1,507,791)         (292,200)

Investing Activities:
  Purchase of property & equipment                            (288,230)         (743,940)
                                                           -----------       -----------
Net cash used by investing activities                         (288,230)         (743,940)

Financing Activities:
  Subscriptions received                                             0         1,990,670
  Brokerage fees paid                                                0          (147,705)
  Issuance of preferred stock and detachable warrants        1,659,117                 0
  Shareholder advances received                                  7,254                 0
  Shareholder advances paid                                          0           (85,000)
                                                           -----------       -----------
Net cash provided by financing activities                    1,666,371         1,757,965
                                                           -----------       -----------

Net increase (decrease) in cash during the period             (129,650)          721,825

Cash balance at beginning of the fiscal year                   316,752            18,573
                                                           -----------       -----------

Cash balance at end of the fiscal year                     $   187,102       $   740,398
                                                           ===========       ===========
Supplemental disclosures of cash flow information:
  Interest paid during the period                          $         0       $         0
  Income taxes paid during the period                      $         0       $         0
</TABLE>

                   See the notes to the financial statements.

                                       6
<PAGE>
                        Advanced Technologies Group, Ltd.
       Unaudited Consolidated Statement of Changes in Shareholders' Equity
                    From February 1, 2001 to October 31, 2002

<TABLE>
<CAPTION>
                                       Common       Common        Preferred    Preferred
                                       Shares      Par Value       Shares        Value
                                       ------      ---------       ------        -----
<S>                                   <C>           <C>            <C>        <C>
Balance at February 1, 2001           8,333,602     $   833              0    $         0

Issued Preferred Class A shares                                    824,938      2,135,527
Detachable stock warrants issued
Conversion of debentures to
 Preferred Class A shares                                           65,625        196,875
Purchase of Luxury Lounge Inc.        7,918,565         792
Net loss for the fiscal year
                                    -----------     -------     ----------    -----------

Balance at January 31, 2002          16,252,167       1,625        890,563      2,332,402

Preferred Class B subscriptions                                    547,833      1,590,394
Detachable stock warrants issued
Net loss for the period
                                    -----------     -------     ----------    -----------

Balance at October 31, 2002          16,252,167     $ 1,625      1,438,396    $ 3,922,796
                                    ===========     =======     ==========    ===========

                                       Additional       Accumulated
                                     Paid in Capital      Deficit          Total
                                     ---------------      -------          -----
Balance at February 1, 2001            $ 3,898,640      ($ 3,054,774)    $  844,699

Issued Preferred Class A shares                                           2,135,527
Detachable stock warrants issued           111,715                          111,715
Conversion of debentures to
 Preferred Class A shares                                                   196,875
Purchase of Luxury Lounge Inc.          23,754,903                       23,755,695
Net loss for the fiscal year                             (25,195,896)   (25,195,896)
                                       -----------      ------------    -----------

Balance at January 31, 2002             27,765,258       (28,250,670)     1,848,615

Preferred Class B subscriptions                                           1,590,394
Detachable stock warrants issued            68,723                           68,723
Net loss for the period                                   (1,263,484)    (1,263,484)
                                       -----------      ------------    -----------

Balance at October 31, 2002            $27,833,981      ($29,514,154)   $ 2,244,248
                                       ===========      ============    ===========
</TABLE>
                   See the notes to the financial statements.

                                       7
<PAGE>
                        Advanced Technologies Group, Ltd.
                 Notes to the Consolidated Financial Statements


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
FX3000, Inc. (formerly Oxford Global Network, Ltd.), the designer and owner of
the FX3000, a foreign currency trading software program. In November 2001, the
Company purchased Luxury Lounge Inc., a proprietary software developer and
on-line retailer of luxury merchandise.

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 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- For the purpose 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.

SOFTWARE DEVELOPMENT COSTS- The Company applies Statement of Financial
Accounting Standard No. 86 (SFAS 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 software programs. 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 a period of three years.

OFFICE & COMPUTER EQUIPMENT- 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                          7 years
     Office equipment                   5 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.

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

                                       8
<PAGE>
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

The Company applies SFAS No. 128, "EARNINGS PER SHARE" to calculate loss 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
years. Fully diluted loss per share includes the dilutive effects of outstanding
common stock equivalents. As of October 31, 2002 and October 31, 2001, the
Company had 1,477,146 and 8,750, respectively, common stock equivalents
outstanding. The calculation of fully diluted loss per share excludes the
outstanding common stock equivalents because their inclusion would be
anti-dilutive.

The net income available to common shareholders reported in the financial
statements has been adjusted by the dividends in arrears due to preferred
shareholders at October 31, 2002 of $376,818 in calculating the loss per share.
The weighted average of common shares outstanding has been computed as follows:

                                                10/31/02           10/31/01
                                                --------           --------
     Shares outstanding                        16,252,167         7,782,102
                                               ==========         =========

     Weighted average                          16,252,167         7,782,102
                                               ==========         =========

3. ISSUANCE OF PREFERRED STOCK

In September 2001, the Company completed an offering of Class A preferred stock.
The Company issued 824,938 shares of Class A preferred stock (described below)
and received $2,247,242. Using the Black Sholes option pricing model, $111,715
of the proceeds received was allocated to the detachable stock warrants.

CLASS A PREFERRED STOCK: Class A preferred stock has a stated value of $3 per
share and a cumulative non-participating dividend of 13%. The Class A preferred
stock is convertible into common stock at a conversion ratio of one preferred
share for one common share. Each Class A preferred share includes one detachable
common stock warrant. The common stock warrant is exercisable into a common
share at an exercise price of $5 and expires in September 2004.

At October 31, 2002, the preferred Class A dividends were in arrears for
$376,818.

In February 2002, the Company began an offering of Preferred stock. The Company
is offering 7 million Shares of "Class B" Preferred stock for $3 per share to be
sold in minimum units of 30,000 shares.

                                       9
<PAGE>
"CLASS B" PREFERRED STOCK: Class B preferred stock has a stated value of $3 per
share and a cumulative non-participating dividend of 6%. The Class B preferred
stock is convertible into common stock at a conversion ratio of one preferred
share for one common share. Each Class B preferred share includes one detachable
common stock warrant. The common stock warrant is exercisable into a common
share at an exercise price of $5 and expires three years from the date of the
issuance.

At October 31, 2002, the Company sold 55 units of the Class B preferred and
received net proceeds of $1,659,117. Using the Black Sholes option pricing
model, $68,723 of the proceeds received was allocated to the detachable stock
warrants.

4. STOCK WARRANTS OUTSTANDING

The following table summarizes the details of the warrants outstanding at
October 31, 2002.

                                           Number of     Exercise      Years to
                                           Warrants       Price       Expiration
                                           --------       -----       ----------
     Outstanding at January 1, 2000               0
       Issued                                 8,750         $0           1.00
       Cancelled                                  0
       Exercised                                  0
                                          ---------

     Outstanding at January 31, 2001          8,750
       Issued                               890,563         $5           1.92
       Cancelled                                  0
       Exercised                                  0
                                          ---------

     Outstanding at January 31, 2002        899,313
       Issued                               577,833         $5           3.00
       Cancelled
       Exercised
                                          ---------

     Outstanding at October 31, 2002      1,477,146
                                          =========

The Company applied the Black-Scholes option pricing model to determine the fair
value of the detachable stock warrants issued. Accordingly, the Company
allocated $2,625 of the proceeds received from the issuance of the convertible
debentures in fiscal year 2001 to the detachable stock warrants. For the
issuance of the Class A, the Company allocated $111,715 of the proceeds received
to the detachable stock warrants. For the issuance of the Class B, the Company
allocated $68,723 of the proceeds received to the detachable stock warrants

The Company has no formal stock option or pension plan for employees.

                                       10
<PAGE>
5. INVESTMENT IN JOINT VENTURE

In March 2002 the Company entered into a joint venture company, FX Direct
Dealer, LLC, with another company specializing in currency and commodity
trading. The Company transferred its FX3000 program to FX Direct Dealer, LLC. FX
Direct Dealer will market the FX3000 software program. The Company received a
25% interest in the company in return for the transfer. The un-depreciated cost
of the FX 3000 program at the date of the transfer, or $1,670,485, was recorded
as investment in the joint venture in the balance sheet.

6.  PROPERTY & EQUIPMENT

The following schedules detail the property and equipment of the Company at
October 31, 2002 and January 31, 2002.

                                             10/31/02             1/31/02
                                             --------             -------
     FX3000 software                       $         0         $ 2,188,233
     Promotion Stat Software                   235,830              57,451
     Furniture & Fixtures                       37,163              23,132
     Equipment                                 176,056             164,688
     Accumulated depreciation                  (80,497)           (622,851)
                                           -----------         -----------

     Net property & equipment              $   368,552         $ 1,810,653
                                           ===========         ===========

7. INCOME TAXES

Provision for income taxes is comprised of the following:

                                                    31-Oct-02         31-Oct-01
                                                    ---------         ---------
     Net loss before provision for income taxes    $(1,263,484)     $  (360,568)
                                                   ===========      ===========
     Current tax expense:
       Federal                                     $         0      $         0
       State                                                 0                0
                                                   -----------      -----------

     Total                                         $         0      $         0

     Less deferred tax benefit:
       Federal loss carry-forward                   (1,441,498)        (858,529)
       Allowance for recoverability                  1,441,498          858,529
                                                   -----------      -----------

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

                                       11
<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:

     Net operating loss carry-forward             $ 1,441,498       $   858,529
     Allowance for recoverability                  (1,441,498)         (858,529)
                                                  -----------       -----------

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

The deferred tax benefit arising from the loss carry forward expires in fiscal
year 2021 and 2022 and may not be recoverable through acquisition of the Company
under current IRS statutes.

                                       12
<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 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 will market 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 un-depreciated cost of the FX 3000 program at
the date of the transfer, or $1,670,485, was recorded as investment in the joint
venture in the balance sheet.

During October 2001, the Company issued 7,906,497 shares of common stock to
purchase 100% of the issued and outstanding common stock of Luxury Lounge Inc.
("Luxury"). Luxury was incorporated in the State of Delaware on August 18, 1999
and operates an on-line interactive web site specializing in selling jewelry and
other luxury appliances at a discount to the retail and wholesale consumer.
However, in addition to its on-line marketing operations, Luxury is also in the
process of developing several ancillary technologies designed to provide on-line
marketers with analytical information relating to the effectiveness of their
on-line marketing techniques as well as allowing them to offer additional
services to their customers. The Company believes that these technologies,
(known as PromotionStat and Promote4Free) when properly developed, will have the
potential for generating significant revenues and profits for the Company. The
PromotionStat program will allow on-line retailers and advertisers to verify
customers and categorize the patrons of on-line retail stores.

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. To date, no revenues have been
generated from the Companies investment in FX Direct Dealer or the PromotionStat
e-commerce software program.

Although the period that is the subject of this Report is the nine months ended
October 31, 2002, this Report has not been filed until June 2003. As indicated
in the Company's filing, the Company underwent a significant change in its
business objectives, principally due to the joint venture formed with Tradition,
N.A., an international financial institution (the "Joint Venture"), mentioned
above. 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 the innovative
PromotionStat software system based upon the technology being developed by
Luxury. 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.

                                       13
<PAGE>
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 six months ended October 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

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

During the nine months ended October 31, 2002, the Company began an offering of
its Class B preferred stock in order to develop and market its software
programs. The Company seeks to raise a total of $21 Million by issuing 7 million
Class B preferred for $3 per share. Each share of Class B preferred has one
detachable stock warrant, expiring in three years, that allows the holder to
purchase one share of common stock for $5 per share. At October 31, 2002, the
Company has sold 40 units of the Class B preferred and received net proceeds of
$1,659,000.

During the nine months ended October 31, 2002, the Company continued development
of its PromotionStat e-commerce software program through its subsidiary,
PromotionStat Inc. The PromotionStat software gives e-commerce companies the
ability to verify the effectiveness of their advertising campaigns. Through
October 31, 2002, the Company has spent approximately $178,000 in developing the
software and expects to continually upgrade and develop the software.

Revenues for the nine month period were $223,000 from the leasing of the FX 3000
program and on-line use of the PromotionStat software. However, since formation
of the joint venture with Tradition, N.A., the Company has terminated all its
previously existing contracts for the leasing of the FX3000 software and has
ceased all marketing efforts. Cost of sales was $160,000. Sales for the same
period last year were $124,000, an increase of 80% over last year sales.

Gross profits on sales during the nine months ended October 31, 2002 were
$64,000, compared to $37,000 for the same period last year. Gross profits
average approximately 30% of sales during this period.

General and administrative expense during the current period, were $1,330,000
compared to $378,000 a year ago. The growth of the general and administrative
expense reflects the growth of the operations of the Company. The Company moved

                                       14
<PAGE>
to a new office location during the last fiscal year and has hired additional
consultants and programmers. The chief executive officer began to draw a salary
from the Company once the software being developed became operational and was
placed into service in the last half of fiscal year 2001. Most of the increase
in general administrative costs were consulting fees paid to professionals for
the marketing and promotion of the Company's software. The table below details
general and administrative expenses for the nine months ended October 31, 2002
and October 31, 2001.
                                                10/31/02           10/31/01
                                                --------           --------
     Salaries and benefits                     $  225,387        $   87,274
     Rent & utilities                              74,006            54,921
     Consulting & professional fees               587,463            91,505
     Communication costs                           38,804            44,683
     Depreciation                                  60,299            25,357
     Promotion & advertising                       47,979             5,016
     Administration                                72,745            31,533
     Equipment rent                                10,761                 0
     Filing costs                                   8,474               654
     Data processing                                6,270            13,851
     Travel costs                                 198,032            23,480
                                               ----------        ----------

     Total                                     $1,330,220        $  378,274
                                               ==========        ==========

After deducting general and administrative costs, the Company experienced a loss
from operations of $1,227,000 for the nine months ended October 31, 2002,
compared to an operating loss of $342,000 last year. The principal reasons for
the increase in operating loss were first, the termination of revenues from the
leasing of the FX3000 software that was transferred to the joint venture and the
additional development costs associated with the PromotionStat technology.

Interest expense in fiscal 2001 results from the convertible debentures
outstanding at that time. The debentures were converted into Preferred Class A
shares towards the end of that fiscal year.

Net loss for the first nine months of fiscal 2003 was $1,263,000, or $.10 per
share compared to a loss of $361,000, or $.05 per share for the same period last
year. In calculating the loss per share, the Company had to take into account
the dividends due the preferred shareholders for the nine months ended October
31, 2002. The dividends in arrears due to preferred shareholders at October 31,
2002 were $377,000.

CONSOLIDATED SALES, GROSS PROFIT, AND NET INCOME FOR THE THREE MONTHS ENDED
OCTOBER 31, 2002

Revenues for the three months ended October 31, 2002 were ($907) resulting from
the termination of the Company's direct leasing of the FX 3000 program and no
current revenues from the on-line use of the PromotionStat software during the
third quarter of fiscal 2003, compared to $115,625 for the same period in the
prior fiscal year. Cost of sales were $79,135, compared to $69,305 for the prior
year, resulting in a net gross loss from operations of $80,042, compared to a
gross profit of $46,320 in the prior year.

                                       15
<PAGE>
General and administrative expense during the third quarter of fiscal 2003 were
$353,900 compared to $162,654 for the same period in the prior year. The growth
of the general and administrative expense reflects the continued development of
the PromotionStat software and the Company's continuing obligation to modify the
FX3000 software according to specifications set by the joint venture. To
complete these tasks, the Company hired additional consultants and programmers.
The table below details general and administrative expenses for the quarter
ended October 31, 2002 and October 31, 2001.

                                                  10/31/02         10/31/01
                                                  --------         --------
     Salaries and benefits                        $ 48,938         $ 48,829
     Rent & utilities                               30,611           21,525
     Consulting & professional fees                137,608           21,980
     Communication costs                             4,306           21,432
     Depreciation                                      663            8,474
     Promotion & advertising                             0                0
     Administration                                131,774           40,414
     Equipment rent                                      0                0
     Filing costs                                        0                0
     Data processing                                     0                0
     Travel costs                                        0                0
                                                  --------         --------

     Total                                        $353,900         $162,654
                                                  ========         ========

After deducting general and administrative costs, the Company experienced a loss
from operations of $433,942, compared to an operating loss of $116,334 last
year.

Interest expense in fiscal 2001 results from the convertible debentures
outstanding at that time. The debentures were converted into Preferred Class A
shares towards the end of that fiscal year.

Net loss for period was $433,287, or $.03 per share compared to a loss of
$115,398, or $.01 per share last year.

II. DISCUSSION OF FINANCIAL CONDITION: LIQUIDITY AND CAPITAL RESOURCES

At October 31, 2002 cash on hand was $187,000 as compared with $317,000 at
January 31, 2002. During the nine month period ended October 31, 2002, the
Company raised $1,659,000 by selling Class B preferred shares of an offering
that began in early fiscal 2002.

The proceeds of the offering were mostly to pay outstanding programming fees and
the continued upgrade of the software development of the PromotionStat program.
The Company spent $284,000 in paying the outstanding programming fees and
$178,000 on the continuing upgrade of the PromotionStat software program

At October 31, 2002, the Company had working capital of $83,000 compared to a
working capital deficit of $91,000 at January 31, 2002. Working capital
increased $174,000 during the period. The increase is a combination of the
proceeds received from the preferred B offering of $1,659,00, the operating
losses of $1,265,000, and the upgrade of the PromotionStat program of $178,000,
and purchase of equipment of $110,000.

                                       16
<PAGE>
Total assets at October 31, 2002 were $2,389,000 as compared to $2,278,000 at
January 31, 2002. Most of the increase in total assets is the result of the
further development of PromotionStat, net of depreciation.

The Company's total stockholders' equity increased from $1,849,000 at January
31, 2002 to $2,244,000 at October 31, 2002. The decrease in stockholders' equity
is the result of operating losses of $1,263,000 for the nine-month period ended
October 31, 2002 and the raising of capital from the sale of Class B preferred
of $1,659,000.

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 which 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.

                            PART II OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS OF 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

                                       17
<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 executive Officer and
                                       Chief Financial Officer

                                       18
<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 Board of 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

                                       19
<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

                                       20