SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

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

                           Quarter Ended July 31, 2007

                         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)


921 Bergen Avenue, Suite 405, Jersey City, NJ                     07306
   (Address of principal executive offices)                     (Zip Code)


   32 Broadway, 4th Floor, New York, NY                           10004
           (Former Address)                                     (Zip Code)

                                  201-680-7142
              (Registrant's telephone number, including area code)

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

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

            Class                                  Outstanding at July, 31, 2007
-------------------------------                    -----------------------------
Common stock, $0.0001 par value                              18,056,673
<PAGE>
                                TABLE OF CONTENTS

Item                                                                        Page
----                                                                        ----

INDEX                                                                        2

Part 1. Financial Information

     Item 1. Condensed Consolidated Financial Statements                     3

          Balance sheet as of July 31, 2007 and January 31, 2007             4

          Statement of income  (loss) for three months ended
          July 31, 2007 and 2006                                             5

          Statement of cash flows for three months ended
          July 31, 2007 and 2006                                             6

          Statement of changes in shareholders equity for the
          three months ended July 31, 2007                                   7

          Notes to condensed consolidated financial statements               8

     Item 2. Management's Discussion and Analysis of Financial Condition    13

Part II. Other Information

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

Signatures                                                                  16

                                       2
<PAGE>
                          PART I: FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

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

                                       3
<PAGE>

                        Advanced Technologies Group, Ltd.
                           Consolidated Balance Sheets
                    As of July 31, 2007 and January 31, 2007

<TABLE>
<CAPTION>
                                                                                  Unaudited
                                                                                  30-Apr-07         31-Jan-07
                                                                                 ------------      ------------
<S>                                                                              <C>               <C>
                                     ASSETS
Current assets:
  Cash & short term deposits                                                     $     94,252      $    262,081
                                                                                 ------------      ------------
      Total current assets                                                       $     94,252      $    262,081

Other assets:
  Fixed assets- net                                                                    41,612            51,457
  Security deposit                                                                     45,000            45,000
  Trademark- net                                                                        8,179             8,479
                                                                                 ------------      ------------

      Total assets                                                               $    189,043      $    367,017
                                                                                 ============      ============

                      LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
  Accounts payable & accrued expenses                                            $     72,030      $    117,030
                                                                                 ------------      ------------
      Total current liabilities                                                  $     72,030      $    117,030

Shareholders' equity:
  Series A preferred stock, one share convertible to one share of common; 13%
   cumulative non-participating, authorized 1,000,000 shares at
   stated value of $3 per share, issued and outstanding 762,081 shares           $  1,712,801      $  1,712,601

  Series B preferred stock, one share convertible to one share of common; 6%
   cumulative non-participating, authorized 7,000,000 shares at
   stated value of $3 per share, issued and outstanding 1,609,955 shares            4,384,754         4,384,754

  Common stock - $.0001 par value, authorized 100,000,000 shares,
   issued and outstanding, 18,056,673 shares                                            1,806             1,806
  Additional paid in capital                                                       32,639,013        32,639,013
  Accumulated deficit                                                             (38,621,161)      (38,488,187)
                                                                                 ------------      ------------
      Total shareholders' equity                                                      117,013           249,987
                                                                                 ------------      ------------

      Total Liabilities & Shareholders' Equity                                   $    189,043      $    367,017
                                                                                 ============      ============
</TABLE>

                   See the notes to the financial statements.

                                       4
<PAGE>
                        Advanced Technologies Group, Ltd.
                 Unaudited Consolidated Statements of Operations
                        For the Quarters Ended July 31st

<TABLE>
<CAPTION>
                                                  6 Months          6 Months          3 Months          3 Months
                                                  Unaudited         Unaudited         Unaudited         Unaudited
                                                  31-Jul-07         31-Jul-06         31-Jul-07         31-Jul-06
                                                 ------------      ------------      ------------      ------------
<S>                                              <C>               <C>               <C>               <C>
Revenues:
  Revenues from software maintenance             $    685,000      $    609,656      $    411,000      $    327,364
  Software maintenance costs                         (463,000)         (401,552)         (238,012)         (173,144)
                                                 ------------      ------------      ------------      ------------
      Net revenues                               $    222,000      $    208,104      $    172,988      $    154,220

General and administrative expenses:
  Salaries and benefits                          $    175,225      $    111,715      $     71,464      $     51,813
  Promotion & investor relations                       26,340            72,423            23,500            21,313
  Consulting                                            3,944           104,620                 0            97,020
  General administration                              197,715           241,362           114,344           144,928
  Depreciation                                          9,845            12,743             4,297            11,512
                                                 ------------      ------------      ------------      ------------
      Total general & administrative expenses         413,069           542,863           213,605           326,586
                                                 ------------      ------------      ------------      ------------

Net loss from operations                         $   (191,069)     $   (334,759)     $    (40,617)     $   (172,366)

Other revenues and expenses:
  Interest income                                         954             1,686               392               599
  Rental income                                        57,141                 0            29,483                 0
                                                 ------------      ------------      ------------      ------------

Net loss before provision for income taxes       $   (132,974)     $   (333,073)     $    (10,742)     $   (171,767)

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

Net loss                                         $   (132,974)     $   (333,073)     $    (10,742)     $   (171,767)
                                                 ============      ============      ============      ============

Loss per common share:
  Basic & fully diluted                          $      (0.01)     $      (0.04)     $      (0.01)     $      (0.01)

Weighted average of common shares:
  Basic & fully diluted                            18,056,673        17,263,140        18,056,673        17,263,140
</TABLE>


                   See the notes to the financial statements.

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

<TABLE>
<CAPTION>
                                                               Unaudited           Unaudited
                                                               31-Jul-07           31-Jul-06
                                                               ---------           ---------
<S>                                                            <C>                 <C>
Operating Activities:
  Net loss                                                     $(132,974)          $(333,073)
  Adjustments to reconcile net loss items
   not requiring the use of cash:
     Amortization                                                    300                 301
     Depreciation                                                  9,845              12,743
  Changes in other operating assets and liabilities :
     Prepaid expense                                                   0                   0
     Accounts payable                                            (45,000)              1,426
                                                               ---------           ---------
Net cash used by operations                                    $(167,829)          $(318,603)

Financing Activities:
  Subscriptitons received                                      $       0           $ 136,256
  Shareholder advances repaid                                          0                   0
                                                               ---------           ---------
Net cash provided by financing activities                              0             136,256
                                                               ---------           ---------

Net decrease in cash during the year                           $(167,829)          $(182,347)

Cash balance at February 1st                                     262,081             442,575
                                                               ---------           ---------

Cash balance at July 31st                                      $  94,252           $ 260,228
                                                               =========           =========

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
                       For the Six Months Ended July 31st

<TABLE>
<CAPTION>
                                          Common      Common     Preferred    Preferred     Paid in       Accumulated
                                          Shares     Par Value     Shares       Value       Capital         Deficit        Total
                                          ------     ---------     ------       -----       -------         -------        -----
<S>                                     <C>           <C>         <C>         <C>          <C>           <C>            <C>
Balance at Janauray 31, 2007            18,056,673    $  1,806    2,372,036   $6,097,355   $32,639,013   $(38,488,187)  $  249,987

Net loss for the period                                                                                      (132,974)    (132,974)
                                        ----------    --------   ----------   ----------   -----------   ------------   ----------

Balance at July 31, 2007 - unaudited    18,056,673    $  1,806    2,372,036   $6,097,355   $32,639,013   $(38,621,161)  $  117,013
                                        ==========    ========   ==========   ==========   ===========   ============   ==========

Balance at Janaury 31, 2006             17,263,140    $  1,727    2,594,186   $6,792,926   $31,275,783   $(37,604,196)  $  466,240

Subscriptions received                                                           136,256                                   136,256

Net loss for the period                                                                                      (333,073)    (333,073)
                                        ----------    --------   ----------   ----------   -----------   ------------   ----------

Balance at July 31, 2006 - unaudited    17,263,140    $  1,727   $2,594,186   $6,929,182   $31,275,783   $(37,937,269)  $  269,423
                                        ==========    ========   ==========   ==========   ===========   ============   ==========
</TABLE>


                   See the notes to the financial statements.

                                       7
<PAGE>
                        Advanced Technologies Group, Ltd.
            Unaudited Notes to the Consolidated Financial Statements
            For the Quarters Ended April 30, 2007 and April 30, 2006


1. ORGANIZATION OF THE COMPANY AND SIGNIFICANT ACCOUNTING PRINCIPLES

Advanced Technologies Group, Ltd. (the Company) was incorporated in the State of
Nevada in February 2000. The Company is the developer of the FX3000, a foreign
currency trading software platform. In March 2002, the Company sold the FX3000
software for a 25% interest in a joint venture, FX Direct Dealer LLC, a company
that markets the FX3000 software. The Company does not have operational control
over FX Direct Dealer LLC. Tradition NA, the 15% owner of FX Direct Dealer LLC,
the Chief Executive Officer of Tradition NA are the primary beneficiaries. Prior
to December 29, 2006 Tradition held 75% interest in FX Direct Dealer LLC. On
December 29, 2006 Tradition sold 80% of its interest in FX Direct Dealer LLC to
its Chief Execute Officer.

The Company provides continuous software development, upgrades and maintenance
on the FX3000 to the joint venture. In addition, the Company provides the users
of the FX3000 program 24 hour help desk services.

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

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

REVENUE RECOGNITION- The Company provides software maintenance and support
services for the users of the FX3000 program. The Company receives a monthly fee
from the joint venture for these services. Revenues received for the maintenance
and support services are recognized by the Company when they are earned.

Under the terms of the agreement, Tradition NA is entitled to a full
reimbursement of its startup costs and initial losses on the joint venture
incurred prior to any revenue payments to the Company. The Company is not liable
for any losses on the joint venture. The Company's interest in the joint venture
is accounted for on a cost basis and adjusted for any net profits of the joint
venture. Profit sharing revenues received from the joint venture are first
applied to the cost of the investment and then to revenues.

The Company has received no profit sharing revenues since its investment in the
joint venture in March 2002.

                                       8
<PAGE>
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.

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

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

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

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

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

                                       9
<PAGE>
2. NET LOSS PER SHARE

The Company applies SFAS No. 128, EARNINGS PER SHARE to compute net 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. Diluted net loss per share gives the effect of outstanding common stock
equivalents which are convertible into common stock. The effects on net loss per
share of the common stock equivalents are not included in the calculation of net
loss per share since their inclusion would be anti-dilutive.

Net loss per common share has been computed as follows:

                                            31-Jul-07          31-Jul-06
                                          ------------       ------------
     Net loss                             $   (132,974)      $   (333,073)

     Preferrred dividends in arrears                 0           (337,758)
                                          ------------       ------------

     Loss available to common shares      $   (132,974)      $   (670,831)
                                          ============       ============

     Shares outstanding                     18,056,673         17,263,140
                                          ============       ============

     Weighted average                       18,056,673         17,263,140
                                          ============       ============
     Loss per common share:
       Basic & fully diluted              $      (0.01)      $      (0.04)
                                          ============       ============

                                       10
<PAGE>
3. FIXED ASSETS- NET

The following table is a summary of fixed assets:

                                               30-Apr-07         31-Jan-07
                                               ---------         ---------

     Lease Improvements                        $  31,004         $  31,004
     Furniture & Fixtures                         30,174            30,174
     Equipment                                   238,382           238,382
     Accumulated depreciation                   (257,948)         (248,103)
                                               ---------         ---------

     Fixed assets- net                         $  41,612         $  51,457
                                               =========         =========

4. WARRANTS OUTSTANDING

The following table summarizes the details of the number of warrants issued and
outstanding, the weighted average exercise price of the warrants, and weighted
average years remaining on the warrants.

                                                                        Wgtd Avg
                                                       Wgtd Avg         Years to
                                        Amount      Exercise Price      Maturity
                                        ------      --------------      --------

Outstanding at January 31, 2007        3,835,690         $ 5              2.52

Issued                                         0
Expired                                        0
Exercised                                      0

                                       ---------
Outstanding at July 31, 2007           3,835,690         $ 5              2.02
                                       =========

                                       11
<PAGE>
5. INCOME TAXES

Provision for income taxes is comprised of the following:

                                                      31-Jul-07       31-Jul-06
                                                      ---------       ---------

     Net loss before provision for income taxes       $(191,069)      $(334,759)
                                                      =========       =========
     Current tax expense:
       Federal                                        $       0       $       0
       State                                                  0               0
                                                      ---------       ---------
       Total                                          $       0       $       0

     Less deferred tax benefit:
       Timing differences                              (288,492)       (242,652)
       Allowance for recoverability                     288,492         242,652
                                                      ---------       ---------
       Provision for income taxes                     $       0       $       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%             34%
     Statutory state and local income tax                   10%             10%
     Less allowance for tax recoverability                 -44%            -44%
                                                      ---------       ---------
     Effective rate                                          0%              0%
                                                      =========       =========

Deferred income taxes are comprised of the following:

     Timing differences                               $ 288,492       $ 242,652
     Allowance for recoverability                      (288,492)       (242,652)
                                                      ---------       ---------
     Deferred tax benefit                             $       0       $       0
                                                      =========       =========

Note: The deferred tax benefits arising from the timing differences expires in
fiscal years 2026 and 2027 and may not be recoverable upon the purchase 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., a Delaware
corporation, the designer of the FX3000 software program. The FX3000 software
program is a financial real time quote and money management platform for use by
independent foreign currency traders. In March 2002, the Company transferred its
FX3000 program to FX Direct Dealer, LLC, a joint venture company that markets
the FX3000 software program. The Company received a 25% interest in the company
in return for the transfer. The remaining 75% of the joint venture company is
owned by Tradition, N.A., a major, Swiss-based financial company. On December
29, 2006, Tradition, N.A. sold 80% of its interest in DX Direct Dealer, LLC to
its Chief Executive Officer.

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

General Statement: Factors that may affect future results

With the exception of historical information, the matters discussed in
Management's Discussion and Analysis of Financial Condition and Results of
Operations contain forward looking statements under the 1995 Private Securities
Litigation Reform Act that involve various risks and uncertainties. Typically,
these statements are indicated by words such as "anticipates", "expects",
"believes", "plans", "could", and similar words and phrases. Factors that could
cause the company's actual results to differ materially from management's
projections, forecasts, estimates and expectations include but are not limited
to the following:

     *    Inability of the company to secure additional financing

     *    Unexpected economic changes in the United States

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

To the extent possible, the following discussion will highlight the activities
of the Company's business activities for the three and the six months ended July
2007 and July 2006.

                                       13
<PAGE>
I. RESULTS OF OPERATIONS

COMPARISON OF OPERATING RESULTS

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

Total net revenues for the first six months of fiscal 2008 were $222,000,
compared to $208,104 for the same period in fiscal 2007, an increase of $13,896,
or almost 6.3%. This increase was due to an increase in revenues from software
maintenance. Furthermore, management believes that revenues from the FX Direct
Dealer LLC joint venture will increase during the balance of fiscal 2008 as the
marketing program for this product continues to develop. At present Management
does not expect any significant revenues from its PromotionStat technology since
all of its efforts have been concentrated in the FX Direct Dealer LLC joint
venture operations.

Net revenues for the three months ended July 31, 2007 were $172,988 compared to
$154,220 for the same period in 2007, showing an increase of $18,768 or about
10%.

General and administrative expense for the first half of fiscal 2008 was
$413,069 compared to $542,863 for 2007, a decrease of almost 20%. Major decrease
in costs during this period was due to reduction of consulting costs, general
administration, and promotion and investor relation costs.

The detail of general administrative costs is as follows:

                                                31-Jul-07         31-Jul-06
                                                ---------         ---------

     Travel, lodging, & meals                    $ 57,661          $ 98,297
     Rent & utilities                              77,423             2,251
     Supplies                                      18,259            25,630
     Automobile costs                              17,638            19,946
     Telephone                                      9,592            19,590
     Internet providers                             5,531             2,750
     Professional fees                              9,966            15,067
     Miscellaneous taxes                              202            53,229
     Postage                                        1,443             2,480
                                                 --------          --------
                                                                      2,122
     Total                                       $197,715          $241,362
                                                 ========          ========

For the three months ended July 31, 2006, general and administrative expenses
totaled $213,505 compared to $326,586 for the three months ended July 31, 2007,
also reflecting a significant decrease of over 30%.

                                       13
<PAGE>
After deducting general and administrative costs, the Company experienced a loss
from operations of $191,069 for the first six months of fiscal 2008, compared to
an operating loss of $334,759 for the same period in fiscal 2007.

During the three months ended July 31, 2007, the Company realized a loss from
operations of $40,617 compared to a loss of $172,366 for the same period in
fiscal 2007.

Interest income decreased during both the six and three months ended July 2007
since the Company's average cash balance has decreased in 2008. The Company
invests excess cash balance in money market accounts.

During the six months ended July 31, 2007, the Company's net loss was $132,974
or $0.01 per share compared to a loss of $333,073, or $0.04 per share for the
same period in fiscal 2007. For the three months ended July 31, 2007, the
Company experienced a net loss of $10,742 or a loss of $0.01 per share compared
to net loss of $171,767 or a loss of $0.01 per share for the same period in
fiscal 2007.

DISCUSSION OF FINANCIAL CONDITION: LIQUIDITY AND CAPITAL RESOURCES

At July 31, 2007 cash on hand was $94,252 as compared with $260,228 for the same
fiscal period in 2007. During the period the Company received $0 in net
subscriptions to its preferred B stock.

The Company does not expect any material capital expenditures for the balance of
fiscal 2008.

At July 31, 2007, the Company had working capital of $22,222 compared to a
working capital of $145,051 at January 31, 2007.

Total assets at July 31, 2007 were $189,043 as compared to $367,017 at January
31, 2007.

The Company's total stockholders' equity decreased to $117,013 at July 31, 2007
from $249,987 at January 31, 2007.

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.

                                       14
<PAGE>
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
investors to what has traditionally been an investment arena restricted to large
financial institutions and banks. Management believes that as investors become
more sophisticated there will be an increased demand for access to these types
of previously unavailable investment vehicles.

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

                            PART II OTHER INFORMATION

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a) EXHIBITS

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

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

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

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

(b) Reports on Form 8-K

     None

                                       15
<PAGE>
                                   SIGNATURES

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


Date: September 11, 2007               By: /s/ Abel Raskas
                                          --------------------------------------
                                          Abel Raskas
                                          President


Date: September 11, 2007               By: /s/ Alex Stelmak
                                          --------------------------------------
                                          Chairman of the Board of Directors and
                                          Chief Financial Officer

                                       16