SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-QSB/A

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

                          Quarter Ended April 30, 2006

                         Commission File Number 0-30987


                        Advanced Technologies Group, Ltd.
             (Exact name of Registrant as specified in its Charter)

           Nevada                                                80-0987213
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                            Identification Number)

921 Bergen Avenue, Suite 405, Jersey City, NJ                      07306
   (Address of principal executive offices)                      (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 April 30, 2006
           -----                                   -----------------------------
Common stock, $0.0001 par value,                            17,263,140
<PAGE>
                                TABLE OF CONTENTS

Part 1. Financial Information                                                  3

     Item 1. Condensed Consolidated Financial Statements:

          Balance sheet as of April 30, 2006 and January 31, 2006              4

          Statement of income (loss) for three months ended April 30, 2006
          and 2005                                                             5

          Statement of cash flows for three months ended April 30, 2006
          and 2005                                                             6

          Statement of changes in shareholders equity for the three months
          ended April 30, 2006                                                 7

          Notes to condensed consolidated financial statements                 8

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

Part II. Other Information                                                    15

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

Signatures                                                                    16

                                       2
<PAGE>
                         PART I: FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

The following un-audited 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.

FORWARD-LOOKING STATEMENTS

Some of the information contained in this 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. 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.

                                       3
<PAGE>
                        Advanced Technologies Group, Ltd.
                           Consolidated Balance Sheets
                    As of April 30, 2006 and January 31, 2006

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

Current assets:
   Cash & short term deposits                                                $    357,105           $    442,575
                                                                             ------------           ------------
      Total current assets                                                        357,105                442,575

Other assets:
   Property & equipment- net                                                 $     57,593           $     64,089
   Security deposit                                                                45,000                 45,000
   Trademark- net                                                                   8,937                  9,085
                                                                             ------------           ------------

      Total assets                                                           $    468,635           $    560,749
                                                                             ============           ============

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
   Accounts payable & accrued expenses                                       $     11,985           $     94,509
                                                                             ------------           ------------
      Total current liabilities                                                    11,985                 94,509

Shareholders' equity:
   Series A preferred stock, one share convertible to one share of common;
    13% cumulative non-participating, authorized 1,000,000 shares at
    stated value of $3 per share, issued and outstanding 880,588 shares      $  2,068,122           $  2,068,122

   Series B preferred stock, one share convertible to one share of common;
    6% cumulative non-participating, authorized 7,000,000 shares at
    stated value of $3 per share, issued and outstanding 1,713,598 shares       4,825,070              4,724,804

   Common stock- $.0001 par value, authorized 100,000,000 shares,
    issued and outstanding, 17,263,140 shares                                       1,727                  1,727
   Additional paid in capital                                                  31,275,783             31,275,783
   Accumulated deficit                                                        (37,714,052)           (37,604,196)
                                                                             ------------           ------------
      Total shareholders' equity                                                  456,650                466,240
                                                                             ------------           ------------

      Total Liabilities & Shareholders' Equity                               $    468,635           $    560,749
                                                                             ============           ============
</TABLE>

See the notes to the financial statements.

                                       4
<PAGE>
                        Advanced Technologies Group, Ltd.
                 Unaudited Consolidated Statements of Operations
                         For the Years Ended April 30th

<TABLE>
<CAPTION>
                                                          Unaudited              Unaudited
                                                          30-Apr-06              30-Apr-05
                                                         ------------           ------------
<S>                                                      <C>                    <C>
Revenues:
  Revenues from FX Direct Dealer LLC                     $    282,292           $    207,631
  Software maintenance costs                                 (228,408)              (173,100)
                                                         ------------           ------------
      Gross profit                                       $     53,884           $     34,531

General and administrative expenses:
  Salaries and benefits                                  $     59,902           $     60,391
  Promotion & investor relations- related party                50,000                 11,000
  Consulting                                                    8,710                 41,206
  General administration                                       97,234                 65,402
  Depreciation                                                  1,231                  6,175
                                                         ------------           ------------
      Total general & administrative expenses                 217,077                184,174
                                                         ------------           ------------

Net loss from operations                                 $   (163,193)          $   (149,643)

Other revenues and expenses:
  Interest income                                               1,887                  1,831
                                                         ------------           ------------

Net loss before provision for income taxes               $   (161,306)          $   (147,812)

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

Net loss                                                 $   (161,306)          $   (147,812)
                                                         ============           ============
Loss per common share:
  Basic & fully diluted                                  $      (0.02)          $      (0.04)

Weighted average of common shares:
  Basic & fully diluted                                    17,263,140             16,847,624
</TABLE>

See the notes to the financial statements.

                                       5
<PAGE>
                        Advanced Technologies Group, Ltd.
                 Unaudited Consolidated Statements of Cash Flows
                         For the Years Ended April 30th

<TABLE>
<CAPTION>
                                                              30-Apr-06           30-Apr-05
                                                              ---------           ---------
<S>                                                           <C>                 <C>
Operating Activities:
  Net loss                                                    $(161,306)          $(147,812)
  Adjustments to reconcile net loss items not
   requiring the use of cash:
     Amortization                                                   148                 149
     Depreciation                                                 6,496              10,523
  Changes in other operating assets and liabilities:
     Accounts receivable                                              0              (2,630)
     Accounts payable                                           (31,074)            (69,979)
                                                              ---------           ---------
Net cash used by operations                                   $(185,736)          $(209,749)

Financing Activities:
  Subscriptions received                                      $ 100,266           $  72,000
  Shareholder advances repaid -related party                          0             (15,388)
                                                              ---------           ---------
Net cash provided by financing activities                       100,266              56,612
                                                              ---------           ---------

Net increase (decrease) in cash during the period               (85,470)           (153,137)

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

Cash balance at April 30th                                    $ 357,105           $ 444,410
                                                              =========           =========

Supplemental disclosures of cash flow information:
  Interest paid during the period                             $       0           $       0
  Income taxes paid during the period                         $   2,480           $       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 First Quarter Ended April 30th

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

Subscriptions received                                                    100,266                                    100,266

Net loss for the period                                                                                (109,856)    (109,856)
                              -----------    --------    ----------   -----------    -----------   ------------    ---------

Balance at April 30, 2006      17,263,140    $  1,727     2,594,186   $ 6,893,192    $31,275,783   $(37,714,052)   $ 456,650
                              ===========    ========    ==========   ===========    ===========   ============    =========

Balance at January 31, 2005    16,790,127    $  1,779     2,267,086   $ 6,733,020    $29,355,886   $(35,412,566)   $ 678,119

Subscriptions received                                       24,000        72,000                                     72,000

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

Net loss for the period                                                                                (147,812)    (147,812)
                              -----------    --------    ----------   -----------    -----------   ------------    ---------

Balance at April 30, 2005      16,900,121    $  1,790     2,291,086   $ 6,805,020    $29,685,857   $(35,890,360)   $ 602,307
                              ===========    ========    ==========   ===========    ===========   ============    =========
</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, 2006 and April 30, 2005


1. ORGANIZATION OF THE COMPANY AND SIGNIFICANT ACCOUNTING PRINCIPLES

Advanced Technologies Group, Ltd. (the Company) was incorporated in the State of
Nevada in February 2000. The Company is the designer and owner of the FX3000, a
foreign currency trading software program. In March 2002, the Company sold the
FX3000 software program, for a 25% interest in a joint venture with FX Direct
Dealer LLC, a company that markets the FX3000 software. The Company does not
have operational control over FX Direct Dealer LLC and the 75% owner of FX
Direct Dealer LLC (Tradition NA) is the primary beneficiary.

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- In March 2002, the Company sold the FX3000 software
program, for a 25% interest in a joint venture with Tradition NA, a company that
markets the FX3000 software. Under the terms of the agreement, the Company
provides software maintenance services and receives 25% of the net profits from
the joint venture. The Company is not obligated for any net losses of 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.

Under the terms of the agreement, the Company is obligated to provide software
maintenance and support services for the users of the FX3000 program. The
Company receives a fixed 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.

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.

                                       8
<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 LOSS PER SHARE

Net loss per common share has been computed as follows:

                                                  30-Apr-06          30-Apr-05
                                                ------------       ------------

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

     Weighted average                             17,263,140         16,847,624
                                                ============       ============

     Net loss                                   $   (109,856)      $   (147,812)

     Preferred dividends in arrears                 (173,450)          (468,846)
                                                ------------       ------------

     Loss available to common shares            $   (283,306)      $   (616,658)
                                                ============       ============
     Loss per common share:
       Basic & fully diluted                    $      (0.02)      $      (0.04)
                                                ============       ============

                                       9
<PAGE>
3.  FIXED ASSETS

The following table is a summary of fixed assets at April 30, 2006 and at
January 31, 2006:

                                                30-Apr-06          31-Jan-06
                                                ---------          ---------

     Software                                   $  89,778          $  89,778
     Lease Improvements                            27,904             27,904
     Furniture & Fixtures                          30,174             30,174
     Equipment                                    229,550            229,520
     Accumulated depreciation                    (319,813)          (313,287)
                                                ---------          ---------

     Fixed assets-net                           $  57,593          $  64,089
                                                =========          =========

4. STOCK WARRANTS OUTSTANDING

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

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

     Outstanding at February 1, 2005     1,701,731
       Issued                            1,196,427
       Expired                                   0
       Exercised                                 0
                                         ---------

     Outstanding at January 31, 2006     2,898,158          $5            2.56
       Issued                                    0
       Expired                                   0
       Exercised                                 0

                                         ---------
     Outstanding at April 30, 2006       2,898,158          $5            2.32
                                         =========

The Company has no formal stock option plan for employees.

                                       10
<PAGE>
5. INCOME TAXES

Provision for income taxes is comprised of the following:

                                                   30-Apr-06         30-Apr-05
                                                   ---------         ---------

     Net loss before provision for income taxes   $  (111,743)      $  (149,643)
                                                  ===========       ===========
     Current tax expense:
       Federal                                    $         0       $         0
       State                                                0                 0
                                                  -----------       -----------
       Total                                      $         0       $         0

     Less deferred tax benefit:
       Timing differences                          (3,688,209)       (2,855,315)
       Allowance for recoverability                 3,688,209         2,855,315
                                                  -----------       -----------
       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                           $ 3,688,209       $ 2,855,315
     Allowance for recoverability                  (3,688,209)       (2,855,315)
                                                  -----------       -----------
     Deferred tax benefit                         $         0       $         0
                                                  ===========       ===========

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

6. RELATED PARTY TRANSACTIONS

During quarters ended April 30th, the Company paid a consulting firm that is
owned by the chief executive officer, approximately $50,000 and $11,000,
respectively, for marketing, investor relations, business planning, financial
services, and public relations consulting services.

                                       11
<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

Advanced Technologies Group, Ltd. (the Company) was incorporated in the State of
Nevada in February 2000. In January 2001, the Company has completed the
development of the "FX3000 Currency Trading Platform". The FX3000 software
program is a Web based, real time quote and money management platform for use by
independent foreign currency traders. In March 2002, the Company sold its
interest in its FX3000 program to FX Direct Dealer, LLC, a joint venture company
that markets the FX3000 software program for a 25% interest in FX Direct Dealer,
LLC. The remaining 75% of the joint venture company is owned by Tradition, N.A.,
a major, Swiss-based financial company. The un-depreciated cost of the FX 3000
program at the date of the transfer, or $1,670,485, was recorded as investment
in the joint venture in the balance sheet.

The Company also is the developer of the PromotionStat software program, which
assists on-line advertisers in monitoring their marketing effectiveness and is
marketed through the Company's subsidiary, PromotionStat Inc.

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 Company's
business activities for the quarters ended April 30, 2006 and April 30, 2005.

I. RESULTS OF OPERATIONS

COMPARISON OF OPERATING RESULTS

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

Revenues for the first quarter of fiscal 2007 were $282,292 compared to $207,631
for the same period in fiscal 2006, an increase of just under 36%. Revenues to
the Company during the period increased slightly from approximately $70,000 per
month in fiscal 2006 to just over $90,000 per month during the current period,
and are expected to increase further towards the end of fiscal year 2006.

General and administrative expenses in the first quarter of fiscal 2007 were
$217,077 compared to $184,174 for the first quarter of fiscal 2006, an increase
of slightly less than 33,000, or almost 18%. During the first quarter of fiscal
2007 salary costs remained virtually unchanged at approximately $60,000.
Significant changes occurred in promotion and investor relations costs which
increased from $22,826 in fiscal 2006 to $51,110 in the current period;

                                       12
<PAGE>
consulting costs which decreased from $29,380 in fiscal 2006 to $7,600 in the
current period; and general administration costs which increased to $97,234 in
the current period from $65,402 in fiscal 2006. A detail of general
administrative costs is as follows:

                                          30-Apr-06            30-Apr-05
                                          ---------            ---------
     Travel, lodging, & meals              $37,350              $ 9,397
     Rent & utilities                       10,956               11,048
     Supplies                               10,409               13,019
     Automobile costs                        9,367               12,797
     Telephone                               3,816                6,738
     Professional fees                      21,293                6,000
     Miscellaneous taxes                     2,480                4,991
     Postage                                 1,563                1,412
                                           -------              -------

     Total                                 $97,234              $65,402
                                           =======              =======

After deducting general and administrative costs, the Company experienced a loss
from operations of $163,193 for the first quarter of fiscal 2007, compared to an
operating loss of $149,643 for the same period in fiscal 2006. Despite higher
new revenues from operations, the Company's loss widened slightly due primarily
to the higher general and administrative cost discussed above.

Interest income during the first quarter has remained virtually unchanged from
fiscal 2006. The Company invests excess cash balance in money market accounts.
The net loss for the Company during the first quarter of fiscal 2007 was
$161,306, or $0.02 per share, compared to a net loss of $147,812, or $0.04 per
share, for the first quarter of fiscal 2006.

II. DISCUSSION OF FINANCIAL CONDITION: LIQUIDITY AND CAPITAL RESOURCES

At April 30, 2006 cash on hand was $357,105 as compared with $442,575 at January
31, 2006. During the first quarter of fiscal 2007 the Company received $100,266
in net subscriptions to its preferred B stock, representing 33,422 shares.
During the first quarter of fiscal 2006 all of the cash received from these
subscriptions was used by the Company in its operations. The Company does not
expect any material capital expenditures for the balance of 2007.

At April 30, 2006, the Company had working capital of $345,120 compared to
working capital of $348,066 at January 31, 2006.

Total assets at April 30, 2006 were $468,635 as compared to $560,749 at January
31, 2006.

The Company's total stockholders' equity decreased slightly to $456,650 at April
30, 2006, as compared to $466,240 at January 31, 2006.

                                       13
<PAGE>
III. INFLATION

Management anticipates that inflation will not have a material effect on the
Company's operations in the future. This is principally due to the fact that its
revenues and profits are expected to be derived from the licensing of its
software system to operators, such as broker/dealers for the use of their
clients. Essentially, the Company's software product is intended to facilitate
an investment environment that is typically not affected by inflationary trends.

IV. TRENDS AFFECTING LIQUIDITY, CAPITAL RESOURCES AND OPERATIONS

A number of factors are expected to impact the Company's liquidity, capital
resources and future operations. Included among these are governmental
regulation of the trading of currencies by individuals and the acceptability of
currency trading by a large number of individual high net worth investors.
Management believes that the increasing regulation of securities and other forms
of investment vehicles will increase demand for alternate investment vehicles
such as currency trading, thereby increasing demand for the Company's products
and will significantly expand the Company's markets.

The Company has developed its FX3000 software to allow access by individual and
institutional traders to what has traditionally been an investment arena
restricted to large financial institutions and banks. Management believes that
as investors become more sophisticated there will be an increased demand for
access to these types of previously unavailable trading vehicles.

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

                                       14
<PAGE>
                           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: February 12, 2008


By: /s/ Abel Raskas
   -----------------------------
   Abel Raskas
   President


Date: February 12, 2008


By: /s/ Alex Stelmak
   -----------------------------
   Alex Stelmak
   CEO and Chief Financial Officer

                                       16