SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-Q/A
                                (Amendment No. 1)

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

                       For the Period ended July 31, 2009

                         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)

                 331 Newman Springs Rd., Bld. 1, 4Fl. Suite 143,
                               Red Bank, NJ 07701
                                  732-784-2801
          (Address and telephone number of principal executive offices)

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 by check mark whether the registrant has submitted electronically and
posted on its corporate Web site, if any, every Interactive Data File required
to be submitted and posted pursuant to Rule 405 of Regulation S-T during the
preceding 12 months (or for such shorter period that the registrant was required
to submit and post such files).* YES [ ] NO [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting company.

Large accelerated filer [ ]                        Accelerated Filer [ ]

Non-accelerated filer [ ]                          Smaller reporting company [X]
(Do Not Check if a Smaller Reporting Company)

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

As of July 31, 2009, the registrant had 18,293,104 shares of common stock
$0.0001 par value, issued and outstanding.

----------
* The registrant has not yet been phased into the interactive data requirements.
<PAGE>
                                TABLE OF CONTENTS

Item                                                                        Page
----                                                                        ----

Part I. FINANCIAL INFORMATION

Item 1.   Condensed Consolidated Financial Statements:                         5

     Balance sheet as of July 31, 2009 and January 31, 2009                    6

     Statement of income (loss) for three and six months ended
     July 31, 2009 and 2008                                                    7

     Statement of cash flows for six months ended July 31, 2009 and 2008       8

     Statement of changes in shareholders equity for the three and six
     months ended July 31, 2009                                                9

     Notes to condensed consolidated financial statements                     10

Item 2.   Management's Discussion and Analysis of Financial Condition
          and Results of Operations                                           17

Item 3.   Quantitative and Qualitative Disclosures About Market Risk          19

Item 4.   Controls and Procedures                                             20

Part II. OTHER INFORMATION

Item 1.   Legal Proceedings                                                   21

Item 1A.  Risk Factors                                                        21

Item 2.   Unregistered Sales of Equity Securities and Use of Proceeds         21

Item 3.   Defaults Upon Senior Securities                                     21

Item 4.   Submission of Matters to a Vote of Security Holders                 21

Item 5.   Other Information                                                   21

Item 6.   Exhibits                                                            21

Signatures                                                                    22

                                       2
<PAGE>
                                EXPLANATORY NOTE

We are amending our Quarterly Report on Form 10-Q for the fiscal quarter ended
July 31, 2009 as filed with the Securities and Exchange Commission ("SEC") on
September 15, 2009, in response to comments from the staff of the Securities and
Exchange Commission on the Company's Annual Report on Form 10-K For the fiscal
year ended January 31, 2009.

As indicated in the Company's Form 8-K filed with the SEC on November 17, 2009,
the Chief Financial Officer of the Company in consultation with the Board of
Directors and Donohue Associates, L.L.C., its independent registered public
accounting firm, has determined that it is necessary to amend and restate the
Company's financial statements for the fiscal year ended January 31, 2009
included in the Form 10-K as well as the Company's quarterly reports for the
periods ended April 30, 2009 and July 31, 2009 with respect to the timing of the
sale of the Company's approximate 25% joint venture interest (the "Membership
Interest") in FX Direct LLC ("FX Direct").

On January 26, 2009, the Company entered into a purchase and sale agreement (the
"Purchase Agreement"), by and among the Company, FX Direct as purchaser (the
"Purchaser"), MaxQ Investments, LLC ("MaxQ") which is the majority member of the
Purchaser and Tradition N.A. ("Tradition"), the remaining member of the
Purchaser, pursuant to which the Company agreed to sell (the "Sale") its
approximate 25% Membership Interest in FX Direct to FX Direct. On March 17,
2009, the Company completed the Sale of the Membership Interest to FX Direct.
The Agreement provided that it was effective as of December 31, 2008, as a
result of which the Company was not entitled to receive any allocations of
profit, loss or distributions from FX Direct on account of its Membership
Interest following such date.

The Company originally accounted for the Sale as being effective in the fiscal
year ended January 31, 2009. However, following review of comments from the
Staff of the SEC, the Company has determined that the closing of the Sale should
be recorded in the first quarter of fiscal 2010.

In light of the conclusion to restate the Company's financial statements, the
Company's management and Board of Directors have concluded that readers should
no longer rely on the Company's previously filed financial statements and other
financial information for the fiscal year ended January 31, 2009 and the
quarterly reports for the periods ended April 30, 2009 and July 31, 2009.
Revised financial statements for the fiscal quarter ended July 31, 2009 are
included in this amended Form 10-Q and an amended annual report on Form 10-K for
the fiscal year ended January 31, 2009 and an amended audited quarterly report
on Form 10-Q for the fiscal quarter ended April 30, 2009 are being filed
simultaneously herewith. Corresponding changes have been made to Item 2
(Management's Discussion and Analysis of Financial Condition and Results of
Operations) of the Form 10-Q. All restatements to the financial statements
affected are non-cash in nature.

                                       3
<PAGE>
The Form 10-Q/A also includes changes to the following section:

     1.   The signature page has been revised to clarify that Mr. Alex Stelmak
          has signed the Form 10-Q in his capacity as Principal Executive
          Officer, Principal Financial Officer and Principal Accounting Officer.

Finally, we are including currently dated certifications which appear as
Exhibits 31.1, 31.2 and 32.1 to this amended report. Other than these changes,
all other information concerning our company remains as contained in the
original filing and does not reflect any subsequent events.

                                       4
<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.


                                       5
<PAGE>
                        Advanced Technologies Group, Ltd.
                           Consolidated Balance Sheets
                    As of July 31, 2009 and January 31, 2009

<TABLE>
<CAPTION>
                                                                               As Restated
                                                                                Unaudited             As Restated
                                                                                31-Jul-09              31-Jan-09
                                                                               ------------           ------------
<S>                                                                            <C>                    <C>
ASSETS

Current assets:
   Cash & short term deposits                                                  $  6,729,672           $    134,918
   Subordinated note receivable                                                   5,666,664                      0
                                                                               ------------           ------------
      Total current assets                                                       12,396,336                134,918
Other assets:
   Subordinated note receivable- non current portion                              9,444,448                      0
   Investment in FX Direct Dealer                                                     5,000              2,407,058
   Trademark- net                                                                     6,965                  7,418
   Fixed assets- net                                                                  2,713                      0
                                                                               ------------           ------------
      Total assets                                                             $ 21,855,462           $  2,549,394
                                                                               ============           ============

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
   Accounts payable & accrued expenses                                         $    136,127           $  3,450,547
   Income taxes payable                                                             701,836                      0
                                                                               ------------           ------------
      Total current liabilities                                                     837,963              3,450,547
Deferred income taxes payable                                                     5,063,135                      0
Shareholder advance payable                                                           9,872                 48,423
                                                                               ------------           ------------
      Total liabilities                                                           5,910,970              3,498,970

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           1,712,601              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, 18,268,104 shares at January 31, 2009 and
    18,293,104 at July 31, 2009                                                       1,830                  1,827
   Additional paid in capital                                                    32,667,611             32,664,364
   Accumulated deficit                                                          (22,822,304)           (39,713,122)
                                                                               ------------           ------------
      Total shareholders' equity (deficit)                                       15,944,492               (949,576)
                                                                               ------------           ------------

      Total Liabilities & Shareholders' Equity                                 $ 21,855,462           $  2,549,394
                                                                               ============           ============
</TABLE>


                   See the notes to the financial statements.

                                       6
<PAGE>
                        Advanced Technologies Group, Ltd.
                 Unaudited Consolidated Statements of Operations
      For the Six Months and Quarters Ended July 31, 2009 and July 31, 2008

<TABLE>
<CAPTION>
                                                            As Restated                         As Restated
                                                              6 Months          6 Months          3 Months          3 Months
                                                             31-Jul-09         31-Jul-08         31-Jul-09         31-Jul-08
                                                            ------------      ------------      ------------      ------------
<S>                                                         <C>               <C>               <C>               <C>
General and administrative expenses:
  Salaries and benefits                                     $    253,382      $      8,813      $    187,743      $      3,696
  Consulting                                                      49,000            17,364            (9,651)           17,364
  General administration                                         568,214            93,579           275,643            38,600
  Depreciation                                                       193                 0               147                 0
                                                            ------------      ------------      ------------      ------------
      Total general & administrative expenses                    870,789           119,756           453,882            59,660
                                                            ------------      ------------      ------------      ------------

Net loss from operations                                        (870,789)         (119,756)         (453,882)          (59,660)

Other revenues and expenses:
  Interest income                                                605,904                68           454,258                11
  Sub-lease income                                                     0            61,493                 0            20,477
                                                            ------------      ------------      ------------      ------------

Net income (loss) before provision for income taxes             (264,885)          (58,195)              376           (39,172)

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

Loss from continuing operations                                 (264,885)          (58,195)              376           (39,172)

Discontinued operations:
  Gain on sale of discontinued component (net of tax)         17,155,703                 0                 0                 0
                                                            ------------      ------------      ------------      ------------

Net income (loss)                                           $ 16,890,818      $    (58,195)     $        376      $    (39,172)
                                                            ============      ============      ============      ============

Basic & fully diluted net income (loss) per common share:
  Basic income (loss) per share- continuing operations      $      (0.01)     $      (0.00)     $       0.00      $       0.00
  Basic income (loss) per share- discontinued operations            0.94              0.00              0.00              0.00
                                                            ------------      ------------      ------------      ------------
  Basic income (loss) per share                             $       0.93      $      (0.00)     $       0.00      $       0.00
                                                            ============      ============      ============      ============

  Fully diluted income (loss) per share- continuing
   operations                                               $      (0.01)     $      (0.00)     $       0.00      $       0.00
  Fully diluted income (loss) per share- discontinued
   operations                                                       0.94              0.00              0.00              0.00
                                                            ------------      ------------      ------------      ------------
  Fully diluted income (loss) per share                     $       0.93      $      (0.00)     $       0.00      $       0.00
                                                            ============      ============      ============      ============

Weighted average of common shares outstanding:
  Basic                                                       18,293,104        18,268,104        18,293,104        18,268,104
  Fully diluted                                               18,270,604        18,268,104        18,289,107        18,268,104
</TABLE>


                   See the notes to the financial statements.

                                       7
<PAGE>
                        Advanced Technologies Group, Ltd.
                 Unaudited Consolidated Statements of Cash Flows
            For the Six Months Ended July 31, 2009 and July 31, 2008

<TABLE>
<CAPTION>
                                                              As Restated
                                                               31-Jul-09              31-Jul-08
                                                              ------------           ------------
<S>                                                           <C>                    <C>
Operating Activities:
  Net income (loss)                                           $ 16,890,818           $    (58,195)
  Adjustments to reconcile net loss items
   not requiring the use of cash:
     Amortization                                                      453                    302
     Depreciation                                                      193                      0
     Impairment expense                                              3,250                      0
     Gain on sale of FXDD (Discontinued component)             (17,155,703                      0
  Changes in other operating assets and liabilities:
     Note receivable                                             2,044,591                      0
     Accounts payable                                           (3,314,420)                     0
     Income taxes payable                                          701,836                      0
     Deferred income taxes payable                               5,063,135                      0
                                                              ------------           ------------
Net cash provided (used by) operations                           4,234,153                (57,893)

Investing activities:
  Purchase of office equipment                                      (2,906)                     0
  Sale of FXDD investment (Discontinued component)               2,402,058                      0
                                                              ------------           ------------
Net cash provided by investing activities                        2,399,152                      0

Financing Activities:
  Advances from shareholders                                       (38,551)                13,303
                                                              ------------           ------------
Net cash provided by financing activities                          (38,551)                13,303
                                                              ------------           ------------

Net increase (decrease) in cash during the year               $  6,594,754                (44,590)

Cash balance at January 31st                                       134,918                 67,287
                                                              ------------           ------------

Cash balance at July 31st                                     $  6,729,672           $     22,697
                                                              ============           ============

Supplemental disclosures of cash flow information:
  Interest paid during the period                             $          0           $          0
  Income taxes paid during the period                         $    677,268           $          0
</TABLE>


                   See the notes to the financial statements.

                                       8
<PAGE>
                        Advanced Technologies Group, Ltd.
            Consolidated Statement of Changes in Shareholders' Equity
            For the Six Months Ended July 31, 2009 and July 31, 2008
                                   (Unaudited)

<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 January 31, 2009           18,268,104    $1,827      2,372,036   $6,097,355    $32,664,364   $(39,713,122)  $  (949,576)

Issuance of common stock for
 MovieIdiot.com                           25,000         3                                      3,247                        3,250

Net loss for the period                                                                                   16,890,818    16,890,818
                                      ----------    ------     ----------   ----------    -----------   ------------   -----------
Balance at July 31, 2009 -
 As restated                          18,293,104    $1,830      2,372,036   $6,097,355    $32,667,611   $(22,822,304)  $15,944,492
                                      ==========    ======     ==========   ==========    ===========   ============   ===========

Balance at January 31, 2008           18,268,104    $1,827      2,372,036   $6,097,355    $32,664,364   $(38,674,366)  $    89,180

Net loss for the period                                                                                      (58,195)      (58,195)
                                      ----------    ------     ----------   ----------    -----------   ------------   -----------

Balance at July 31, 2008              18,268,104    $1,827      2,372,036   $6,097,355    $32,664,364   $(38,732,561)  $    30,985
                                      ==========    ======     ==========   ==========    ===========   ============   ===========
</TABLE>


                   See the notes to the financial statements.

                                       9
<PAGE>
                        Advanced Technologies Group, Ltd.
                 Notes to the Consolidated Financial Statements
            For the Six Months Ended July 31, 2009 and July 31, 2008


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. In January 2001, the Company purchased 100% of the
issued and outstanding shares of FX3000, Inc., a Delaware corporation, which
owned the rights to the FX3000 currency trading software platform. The FX3000
software program is a financial real time quote and money management platform
used by independent foreign currency traders.

In March 2002, the Company sold the FX3000 software program, for a 25% interest
in a joint venture with Tradition NA, a subsidiary of Compagnie Financiere
Tradition, a publicly held Swiss corporation. The Company and Tradition formed
FX Direct Dealer LLC, a Delaware company that marketed the FX3000 software to
independent foreign currency traders.

In January 2009, the Company sold its 25% interest in the joint venture to FX
Direct Dealer, LLC for $26 million.

Currently the Company has no business operations; however, it is pursuing
various business opportunities in the areas of real estate and software
development.

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.

INVESTMENT IN FX DIRECT DEALER- The Company's interest in the joint venture is
accounted for on a cost basis and adjusted for The Company's share in any net
profits or losses of the joint venture. Profit or loss sharing revenues received
from the joint venture are first applied to the cost of the investment and then
to revenues.

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.

                                       10
<PAGE>
BAD DEBT EXPENSE- The Company provides, through charges to income, a charge for
bad debt expense, which is based upon management's evaluation of numerous
factors in regards to the account receivable. These factors include economic
conditions, the paying performance of the account receivable, and an analysis of
the credit worthiness of the payee.

SUBORDINATED NOTE RECEIVABLE- The subordinated loan receivable is stated at fair
value, net of any reserve for uncollectibility. The Company has adopted
Statement of Financial Accounting Standards ("SFAS") No. 157, FAIR VALUE
MEASUREMENTS ("SFAS No. 157"), to account for its investment, which among other
things, requires enhanced disclosures about financial instruments carried at
fair value.

After adoption of SFAS No.157, investments measured and reported at fair value
are classified and disclosed in one of the following categories:

     *    Level I--Quoted prices are available in active markets for identical
          investments as of the reporting date. The type of investments in Level
          I include listed equities and listed derivatives.

     *    Level II--Pricing inputs are other than quoted prices in active
          markets, which are either directly or indirectly observable as of the
          reporting date, and fair value is determined through the use of models
          or other valuation methodologies. Investments which are generally
          included in this category include corporate bonds and loans, less
          liquid and restricted equity securities and certain over-the-counter
          derivatives.

     *    Level III--Pricing inputs are unobservable for the investment and
          includes situations where there is little, if any, market activity for
          the investment. The inputs into the determination of fair value
          require significant management judgment or estimation. Investments
          that are included in this category generally include general and
          limited partnership interests in corporate private equity and real
          estate funds, funds of hedge funds, distressed debt and non-investment
          grade residual interests in securitizations and collateralized debt
          obligations.

The subordinated note receivable at July 31, 2009 is classified as Level II.

                                       11
<PAGE>
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.

2. NET INCOME (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 for the periods of the common stock equivalents are not included in the
calculation of net loss per share since their inclusion would be anti-dilutive.

                                       12
<PAGE>
<TABLE>
<CAPTION>
                                                                            31-Jul-09                31-Jul-08
                                                                          --------------           --------------
<S>                                                                       <C>                      <C>
Loss from continuing operations net of preferred dividends in arrears     $     (264,885)          $      (58,195)
Income from discontinued component                                            17,155,703                        0
                                                                          --------------           --------------
Net income (loss) available to common shareholders                        $   16,890,818           $     (661,489)
                                                                          ==============           ==============

Basic shares outstanding (weighted average)                                   18,293,104               18,268,104
Weighted average                                                              18,270,604               18,268,104

Basic & fully diluted net income (loss) per common share:
  Basic income (loss) per share- continuing operations                    $        (0.01)          $        (0.00)
  Basic income (loss) per share- discontinued operations                            0.94                     0.00
                                                                          --------------           --------------
  Basic income (loss) per share                                           $         0.93           $        (0.00)
                                                                          ==============           ==============

  Fully diluted income (loss) per share- continuing operations            $        (0.01)          $        (0.00)
  Fully diluted income (loss) per share- discontinued operations                    0.94                     0.00
                                                                          --------------           --------------
  Fully diluted income (loss) per share                                   $         0.93           $        (0.00)
                                                                          ==============           ==============
</TABLE>

3. OPTIONS

The Company applies SFAS No. 123, "ACCOUNTING FOR STOCK-BASED COMPENSATION" to
account for option issues. Accordingly, all options granted are recorded at fair
value using a generally accepted option pricing model at the date of the grant.
There is no formal stock option plan for employees.

A listing of options outstanding at July 31, 2009 is as follows.

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

Outstanding at January 31, 2009         3,835,690         $5              0.51

Issued                                          0
Expired                                         0
Exercised                                       0
                                        ---------

Outstanding at July 31, 2009            3,835,690         $5              0.02
                                        =========

                                       13
<PAGE>
4. PREFERRED STOCK

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.

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.

5. INCOME TAXES

Provision for income taxes is comprised of the following:

<TABLE>
<CAPTION>
                                                              31-Jul-09            31-Jul-08
                                                             -----------          -----------
<S>                                                          <C>                  <C>
Net income (loss) before provision for income taxes          $16,890,818          $   (58,195)
                                                             ===========          ===========
Current tax expense:
  Federal                                                    $ 1,012,004          $         0
  State                                                          367,100                    0
                                                             -----------          -----------
  Total                                                        1,379,104                    0

Add deferred tax payable (benefit):
  Timing differences                                           5,063,135             (157,401)
  Allowance for recoverability                                         0              157,401
                                                             -----------          -----------
  Provision for income taxes                                 $ 6,442,239          $         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%                  15%
Statutory state and local income tax                                  13%                  13%
Timing differences                                                   -47%                 -28%
                                                             -----------          -----------
Effective rate                                                         0%                   0%
                                                             ===========          ===========

Deferred income taxes are comprised of the following:

Timing differences                                           $         0          $   157,401
Allowance for recoverability                                           0             (157,401)
                                                             -----------          -----------
Deferred tax benefit                                         $         0          $         0
                                                             ===========          ===========
</TABLE>

                                       14
<PAGE>
6. FIXED ASSETS

Fixed assets at July 31, 2009 are comprised as follows:

                   Equipment                         $ 2,906
                   Accumulated depreciation             (193)
                                                     -------

                   Fixed assets- net                 $ 2,713
                                                     =======

7. COMMITMENTS AND CONTINGENCIES

The firm has executed employment contracts with the chief executive officer and
the president of the Company in April 2002. Under the terms of the contracts,
the two officers are to be paid $250,000 per year each through April 2011.

In purchasing MoveIdiot.com, as discussed more fully in Note 9, the Company has
agreed to issue an additional 50,000 shares of its common stock to MoveIdiot.com
in the event certain revenue targets are met.

8. CONCENTRATION OF CREDIT RISK

The Company has substantially all of its assets in the account receivable and
subordinated note receivable from FX Direct, LLC. In the event FX Direct is
adversely affect by future economic conditions relating to its foreign currency
dealing business, or in the event FX Directs should become bankrupt, the Company
may only receive a pro rata share of the amounts due it. In the event of an FX
Direct Dealer bankruptcy, the Company's claims would be subordinate to the
claims of the general creditors of FX Direct.

9. PURCHASE OF MOVEIDIOT.COM

In July 2009, the Company purchased MoveIdiot.com for $57,000 and 25,000 shares
of common stock. The transaction value at the time of purchase was $60,250.
MoveIdiot.com enables individuals and businesses to keep track of their property
on-line. Users will be able to manage their possessions on-line and print
automatically generated labels that are sealable to be used in the event of
moving from one location to another. Management impaired the full value to
expense at the date of the purchase of MoveIdiot.com after concluding that
future cash flows from the purchase, if any, could not be determinable.

10. RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

Subsequent to the issuance of the financial statements for the years ended
January 31, 2009 and January 31, 2008, management determined that the sale of
its interest in FX Direct Dealer occurred in March 2009 and not in January 2009.
Accordingly, the result of the sale of the interest has been adjusted to a sale
date of March 9, 2009.

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<PAGE>
The restatement affected the previously issued consolidated balance sheets,
consolidated statements of operations, consolidated statement of cash flows, and
the consolidated statement of changes in shareholders equity. A highlight of the
changes to specific accounts and earnings (loss) per share calculations for
fiscal year 2009 is as follows:

                                             As Reported          As Restated
                                              31-Jan-09            31-Jan-09
                                             ------------         ------------

Total assets                                 $ 26,147,336         $  2,549,394
Total liabilities                            $  9,941,209         $  3,498,970
Shareholders' equity (deficit)               $ 16,206,127         $   (949,576)
Gain on disposal of discontinued component   $ 17,155,703         $          0
Net income (loss)                            $ 16,617,629         $   (538,074)
Fully diluted earnings (loss) per share      $       0.80         $      (0.03)

                                             As Reported          As Restated
                                              31-Jul-09            31-Jul-09
                                             ------------         ------------

Gain on disposal of discontinued component   $          0         $ 17,155,703
Net income (loss)                            $   (264,885)        $ 16,890,818
Fully diluted earnings (loss) per share      $      (0.02)        $       0.93

                                       16
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

FORWARD LOOKING STATEMENTS

Some of the information contained in this Quarterly Report may constitute
forward-looking statements or statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements are
based on current expectations and projections about future events. The words
"estimate", "plan", "intend", "expect", "anticipate" and similar expressions are
intended to identify forward-looking statements which involve, and are subject
to, known and unknown risks, uncertainties and other factors which could cause
the Company's actual results, financial or operating performance, or
achievements to differ from future results, financial or operating performance,
or achievements expressed or implied by such forward-looking statements.
Projections and assumptions contained and expressed herein were reasonably based
on information available to the Company at the time so furnished and as of the
date of this filing. All such projections and assumptions are subject to
significant uncertainties and contingencies, many of which are beyond the
Company's control, and no assurance can be given that the projections will be
realized. Potential investors are cautioned not to place undue reliance on any
such forward-looking statements, which speak only as of the date hereof. Unless
otherwise required by law, the Company undertakes no obligation to publicly
release any revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. Important factors that could cause actual results to
differ materially from our expectations ("Cautionary Statements") include, but
are not limited to, those set forth under the heading "Risk Factors" in this
Quarterly Report as well as in Item 1A of the Company's Annual Report on Form
10-K for the fiscal year ended January 31, 2009.

BACKGROUND

Advanced Technologies Group, Ltd. (the "Company," "we," "us" and "our") was
incorporated in the State of Nevada in February 2000. In January 2001, the
Company purchased 100% of the issued and outstanding shares of FX3000, Inc.
(formerly Oxford Global Network, Ltd.), a Delaware corporation, the designer of
the FX3000 currency trading software platform. 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 software program to FX Direct
Dealer, LLC ("FX Direct") a joint venture company that markets the FX3000
software program. The Company received a 25% interest in the joint venture in
return for the transfer. On January 26, 2009, the Company entered into a
purchase and sale agreement (the "Purchase Agreement"), pursuant to which the
Company agreed to sell (the "Sale") its approximate 25% membership interest (the
"Membership Interest") in FX Direct to FX Direct. The Agreement provided that it
was effective as of December 31, 2008, as a result of which the Company was not
entitled to receive any allocations of profit, loss or distributions from FX on
account of its Membership Interest after such date. On March 17, 2009, the
Company completed the Sale of the Membership Interest to FX Direct.

                                       17
<PAGE>
The aggregate purchase price of the Membership Interest was approximately
$26,000,000, of which $9,000,000 was paid in cash at the closing of the Sale and
the remaining $17,000,000 is payable in 36 equal monthly installments of
$472,222.22, bearing interest at the rate of 10% per annum and evidenced by a
subordinated promissory note that was issued pursuant to a Cash Subordinated
Loan Agreement ("Loan Agreement").

The Company intends to seek to acquire and/or develop new technologies and other
business opportunities. In this regard, effective as of July 20, 2009, the
Company entered into an Asset Purchase Agreement with Dan Khasis, LLC
("Seller"), pursuant to which the Company acquired all of the rights to Seller's
website "moveidiot.com" and the related software for a purchase price of $57,000
plus the issuance to Seller of 25,000 restricted shares of common stock. In
addition, Seller may receive up to an additional 50,000 restricted shares of
common stock if certain membership goals for the moveidiot.com website are met
in the 12 months following the closing. Moveidiot.com is an online website which
helps people and businesses expedite their move from one place to another. The
Company will also consider investing in commercial real estate ventures.

RESULTS OF OPERATIONS

The Company did not generate any revenues from software maintenance in the three
and six month periods ended July 31, 2009 or the three and six month periods
ended July 31, 2008, as the Company's software servicing and maintenance
services for FX Direct were terminated in fiscal 2008 (which ended as of January
31, 2008) and there were no revenues generated by the Company from its other
software products during any of these periods.

General and administrative expenses in the three and six month periods ended
July 31, 2009 increased to $453,882 and $870,789, respectively, as compared to
$59,660 and $119,756, respectively, in the three and six month periods ended
July 31, 2008, primarily as a result of an increase in professional fees in
connection with closing the Sale and in responding to a previously disclosed SEC
investigation and increased compensation expenses.

The Company experienced income (loss) from continuing operations of income of
$376 and a loss of ($264,885), respectively, in the three and six months ended
July 31, 2009 and a loss of ($39,172) and ($58,195), respectively, in the three
and six months ended July 31, 2009.

The Company had a gain on sale of discontinued component (its interest in FX
Direct) in the six months ended July 31, 2009 of $17,155,703.

                                       18
<PAGE>
As a result of the foregoing, the Company had net income of $376 and
$16,890,818, respectively, in the three and six months ended July 31, 2009 as
compared to a net loss of ($39,172) and ($58,195) in the three and six months
ended July 31, 2008.

LIQUIDITY AND CAPITAL RESOURCES

At July 31, 2009, cash on hand was $6,729,672 as compared with $134,918 at
January 31, 2009.

On March 17, 2009, the Company completed the Sale of its Membership Interest to
FX Direct. The aggregate purchase price of the Membership Interest was
approximately $26,000,000, of which $9,000,000 was paid in cash at the closing
of the Sale and the remaining $17,000,000 is payable in 36 equal monthly
installments of $472,222.22, bearing interest at the rate of 10% per annum and
evidenced by a subordinated promissory note that was issued pursuant to a Cash
Subordinated Loan Agreement ("Loan Agreement"). The Loan Agreement provides the
Company with an increased interest rate in the event of late payments by the
Purchaser and with the remedy of liquidation in the event of a default. The
Company also received approximately $250,000 from the Purchaser in full
satisfaction of amounts owed to the Company for providing certain services to
the Purchaser.

The Company intends to retain the proceeds of the Sale for general working
capital purposes and to engage in new business opportunities. The Company
believes that the proceeds of the sale of its interest in FX Direct will be
sufficient to fund its operations during fiscal 2010.

CASH FLOWS

For the six months ended July 31, 2009 net cash provided by operating activities
was $4,234,153 as compared to cash used in operating activities of ($57,893) for
the six months ended July 31, 2008. The substantial increase in cash provided by
operating activities in the 2009 period reflected the initial proceeds of the
Sale, which was partially offset by the reduction of an accounts payable of
$3,314,420 in connection with the payment of accrued compensation expenses.

For the six months ended July 31, 2009, cash provided by (used in) in investing
activities and financing activities was $2,399,152 and ($38,551), respectively,
as compared to no cash used in investing and $13,303 provided by financing
activities in the six months ended July 31, 2008.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

At July 31, 2009, the Company had no outstanding loan facilities.

                                       19
<PAGE>
ITEM 4. CONTROLS AND PROCEDURES

(a) EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES.

Our principal executive officer and our principal financial officer evaluated
the effectiveness of our disclosure controls and procedures (as defined in Rule
13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934 as amended) as of
the end of the period covered by this report. Based on that evaluation, such
principal executive officer and principal financial officer concluded that, the
Company's disclosure control and procedures were effective as of the end of the
period covered by this report at the reasonable level of assurance

(b) CHANGE IN INTERNAL CONTROL OVER FINANCIAL REPORTING.

No change in our internal control over financial reporting occurred during our
most recent fiscal quarter that has materially affected, or is reasonably likely
to materially affect our internal control over financial reporting.

(c) OTHER.

We believe that a controls system, no matter how well designed and operated, can
not provide absolute assurance that the objectives of the controls system are
met, and no evaluation of controls can provide absolute assurance that all
control issues and instances of fraud, if any, within a company have been
detected. Therefore, a control system, no matter how well conceived and
operated, can provide only reasonable, not absolute, assurance that the
objectives of the control system are met. Our disclosure controls and procedures
are designed to provide such reasonable assurances of achieving our desired
control objectives, and our principal executive officer and principal financial
officer have concluded, as of July 31, 2009, that our disclosure controls and
procedures were effective in achieving that level of reasonable assurance.


                                       20
<PAGE>
                            PART II OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

Reference is made to Item 3 in the Company's Annual Report on Form 10-K for the
fiscal year ended January 31, 2009.

ITEM 1A. RISK FACTORS.

An investment in the Company involves a high degree of risk. In addition to the
other information set forth in this Report, you should carefully consider the
factors discussed in Part I, "Item 1A. Risk Factors" in our Annual Report on
Form 10-K for the fiscal year ended January 31, 2009, which could materially
affect our business, financial condition or future results. The risks described
in our Annual Report on Form 10-K are not the only risks facing the Company.
Other unknown or unpredictable factors could also have material adverse effects
on future results.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

Not Applicable

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

Not Applicable

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

Not Applicable

ITEM 5. OTHER INFORMATION.

Not Applicable

ITEM 6. EXHIBITS

(a) Exhibits

          Incorp by
Exhibit    Ref. to
Number       Exh.                        Description
------       ----                        -----------

31.1          *     Certification  pursuant to 18 U.S.C. Section 1350 as adopted
                    pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by
                    Alex Stelmak, as Chief Executive Officer
31.2          *     Certification  pursuant to 18 U.S.C. Section 1350 as adopted
                    pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by
                    Alex Stelmak, as Chief Financial Officer
32.1          *     Certification  pursuant to 18 U.S.C. Section 1350 as adopted
                    pursuant to Section 906 of the  Sarbanes-Oxley  Act of 2002
                    by Alex Stelmak,  as Chief Executive Officer and Chief
                    Financial Officer

----------
*  Filed herewith

                                       21
<PAGE>
                                   SIGNATURES

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


Date: November 19, 2009              By: /s/ Abel Raskas
                                         ---------------------------------------
                                         Abel Raskas
                                         President


Date: November 19, 2009               By: /s/ Alex Stelmak
                                         ---------------------------------------
                                          Alex Stelmak
                                          Chairman of the Board of Directors and
                                          Chief Executive Officer and
                                          Chief Financial Officer
                                          (Principal Executive Officer,
                                          Principal Financial Officer and
                                          Principal Accounting Officer)

                                       22