UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

                For the quarterly period ended September 30, 2011

                                       or

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

                 FOR THE TRANSITION FROM _________ TO ________.

                         Commission File Number: 0-32323


                 INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
             (Exact name of registrant as specified in its charter)

             Nevada                                              20-1217659
  (State or other Jurisdiction                                (I.R.S. Employer
of Incorporation or Organization)                            Identification No.)

17800 Castleton Street, Suite 638 City of Industry, CA             91748
     (Address of principal executive offices)                    (Zip code)

                                 (626) 581-8500
                        (Registrant's telephone number:)

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  Website,  if any,  every  Interactive  Data File  required  to be
submitted and posted pursuant to Rule 405 of Regulation S-T (Sec.232.405 of this
chapter)  during the  preceding 12 months (or for such  shorter  period that the
registrant was required to submit and post such files). Yes [X] 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. See
the definitions of "large accelerated  filer,"  "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]                        Accelerated filer [ ]

Non-accelerated filer [ ]                          Smaller reporting company [X]

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

          APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                         DURING THE PRECEDING FIVE YEARS

Indicate by check mark whether the  registrant  filed all  documents and reports
required  to be filed by Section 12, 13 or 15(d) of the  Exchange  Act after the
distribution of securities under a plan confirmed by a court. Yes [ ] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity,  as of the latest  practicable date: As of November 12, 2011, there were
4,678,110,750  outstanding shares of the Registrant's Common Stock, $0.00001 par
value.
<PAGE>
                 INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
                               Report on Form 10-Q

                    For the Quarter Ended September 30, 2011

                                      INDEX

                                                                            PAGE

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.................................................. 3

        Condensed Consolidated Balance Sheets................................. 3

        Condensed Consolidated Statements of Operations....................... 5

        Condensed Consolidated Statements of Cash Flows....................... 7

        Notes................................................................. 9

Item 2. Management's Discussion and Analysis of Financial Condition and
        Results of Operations.................................................18

Item 3. Quantitative and Qualitative Disclosures about Market Risk............21

Item 4. Controls and Procedures...............................................21

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.....................................................24

Item 1A. Risk Factors.........................................................24

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds...........24

Item 3. Defaults Upon Senior Securities.......................................24

Item 4. (Removed and Reserved)................................................24

Item 5. Other Information.....................................................24

Item 6. Exhibits..............................................................25

SIGNATURES....................................................................28

                                       2
<PAGE>
                         PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

                 INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                      CONDENSED CONSOLIDATED BALANCE SHEETS


                                  September 30,      December 31,
                                      2011              2010
                                    --------          --------
                                  (Unaudited)

                                     ASSETS

Cash                                $  3,492          $  1,605
Other current assets                   1,011             1,011
                                    --------          --------
      TOTAL CURRENT ASSETS             4,503             2,616
                                    --------          --------
Other assets                           2,000             2,000
                                    --------          --------

      TOTAL ASSETS                  $  6,503          $  4,616
                                    ========          ========


      See accompanying notes to condensed consolidated financial statements

                                       3
<PAGE>
                 INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (CONTINUED)

<TABLE>
<CAPTION>
                                                                       September 30,          December 31,
                                                                           2011                   2010
                                                                       ------------           ------------
                                                                        (Unaudited)
<S>                                                                    <C>                    <C>
                       LIABILITIES & STOCKHOLDERS' DEFICIT

LIABILITIES
  Accounts payable and accrued expenses                                $    200,124           $    193,822
  Accrued expenses - related parties and shareholders                       537,579                362,382
  Accrued interest                                                           68,692                 62,183
  Accrued interest - related parties and shareholders                       147,951                100,019
  Derivative liability                                                    1,679,690                802,102
  Investor deposit                                                          220,000                220,000
  Loan from related party                                                   100,000                     --
  Notes payable                                                             145,500                145,500
  Notes payable to shareholders                                             495,679                495,679
                                                                       ------------           ------------
      TOTAL CURRENT LIABILITIES                                           3,595,215              2,381,687
                                                                       ------------           ------------

STOCKHOLDERS' DEFICIT
  Preferred A stock, $250 par value, 10,000 shares
   authorized; 96 shares issued and outstanding                              24,000                 24,000
  Preferred C stock, $.001 par value, 3,000,000 shares
   authorized; 3,000,000 and 2,000,000 shares issued and outstanding          3,000                  3,000
  Preferred D stock,  $.001 par value, 10,000,000 shares
   authorized; 215,000 and 172,680 shares issued and outstanding                215                    195
  Preferred E stock, $.001 par value, 50,000,000 shares
   authorized; 275,800 and 30,800 shares issued and outstanding                 270                     25
  Preferred F stock, $.001 par value, 3,000,000 shares
   authorized; 20,000 shares issued and outstanding                              20                     20
  Common stock; $.00001 par value, 5,950,000,000 shares
   authorized; 4,678,110,750 and 3,927,674,124 issued and outstanding        46,782                 42,700
  Additional paid-in capital                                             10,461,536             10,170,883
  Accumulated deficit - Prior to reentering development stage            (5,534,336)            (5,534,336)
  Accumulated deficit - From inception of reentering
   development stage on 4/1/2007                                         (8,586,664)            (7,080,130)
  Other comprehensive loss                                                   (3,535)                (3,428)
  Noncontrolling interest                                                        --                     --
                                                                       ------------           ------------
      TOTAL STOCKHOLDERS' DEFICIT                                        (3,588,712)            (2,377,071)
                                                                       ------------           ------------

      TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                      $      6,503           $      4,616
                                                                       ============           ============
</TABLE>


      See accompanying notes to condensed consolidated financial statements

                                       4
<PAGE>
                 INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                                                Cumulative Since
                                                                                                                  Re-entering
                                                     Three Months Ended                Nine Months Ended          Development
                                                        September 30,                     September 30,              Stage
                                                ---------------------------      ----------------------------      4/01/2007 -
                                                    2011            2010             2011            2010          9/30/2011
                                                ------------    ------------     ------------    ------------     ------------
<S>                                             <C>             <C>              <C>             <C>              <C>
Revenues                                        $         --    $         --     $         --    $         --     $         --
Cost of sales                                             --              --               --              --               --
                                                ------------    ------------     ------------    ------------     ------------
Gross profit                                              --              --               --              --               --
                                                ------------    ------------     ------------    ------------     ------------

OPERATING EXPENSES:
  General and administrative                          99,808         100,435          573,742         342,513        2,825,692
  Goodwill impairment                                     --              --               --              --        1,303,277
  Depreciation and amortization                           --              --               --              --            3,658
                                                ------------    ------------     ------------    ------------     ------------
TOTAL OPERATING EXPENSES                              99,808         100,435          573,742         342,513        4,132,627
                                                ------------    ------------     ------------    ------------     ------------

Operating loss                                       (99,808)       (100,435)        (573,742)       (342,513)      (4,132,627)
                                                ------------    ------------     ------------    ------------     ------------
OTHER INCOME (EXPENSE):
  Interest income                                         --              --               --              --              374
  Interest expense                                   (18,515)        (20,085)         (55,205)        (68,462)      (2,640,830)
  Loss on settlement                                      --              --               --              --          (23,500)
  Loss on investment                                      --              --               --              --         (115,750)
  Gain/(Loss) on extinguishment of debt                   --              --               --              --           32,097
  Gain on disposal of assets                              --              --               --              --            2,565
  Change in fair value of derivative liability       (92,385)        270,406         (877,587)      1,081,454       (1,679,689)
  Minority interest in net loss of subsidiary             --              --               --              --           15,000
  Other income (expense)                                  --              --               --              45            3,855
                                                ------------    ------------     ------------    ------------     ------------
TOTAL OTHER INCOME (EXPENSE)                        (110,900)        250,321         (932,792)      1,013,037       (4,405,878)
                                                ------------    ------------     ------------    ------------     ------------

Income/(Loss) from continuing operations        $   (210,708)   $    149,886     $ (1,506,534)   $    670,524     $ (8,538,505)
                                                ------------    ------------     ------------    ------------     ------------
</TABLE>


     See accompanying notes to condensed consolidated financial statements

                                       5
<PAGE>
                 INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
                          (A DEVELOPMENT STAGE COMPANY)
           CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
                                   (CONTINUED)

<TABLE>
<CAPTION>
                                                                                                                Cumulative Since
                                                                                                                  Re-entering
                                                                                                                  Development
                                            Three Months Ended September 30,    Nine Months Ended September 30,      Stage
                                            -------------------------------   --------------------------------     4/01/2007 -
                                                 2011             2010             2011              2010          9/30/2011
                                            --------------   --------------   --------------    --------------   --------------
<S>                                         <C>              <C>              <C>               <C>              <C>
Income/(Loss) from continuing operations    $     (210,708)  $      149,886   $   (1,506,534)   $      670,524   $   (8,538,505)
                                            --------------   --------------   --------------    --------------   --------------
DISCONTINUED OPERATIONS:
  Income (loss) from operations of
   discontinued business                                --               --               --                --          (20,063)
  Income (loss) on disposal of assets                   --               --               --                --           61,058
                                            --------------   --------------   --------------    --------------   --------------
Income (loss) on discontinued operations                --               --               --                --           40,995
                                            --------------   --------------   --------------    --------------   --------------
Net Income / (loss)                               (210,708)         149,886       (1,506,534)          670,524       (8,497,510)

Preferred dividend                                      --               --               --                --          (89,154)
                                            --------------   --------------   --------------    --------------   --------------
Net Income / (loss) attributable to common
 shareholders                                     (210,708)         149,886       (1,506,534)          670,524       (8,586,664)
OTHER COMPREHENSIVE INCOME
  Foreign currency translation                         (10)            (577)            (107)           (2,871)          (3,535)
                                            --------------   --------------   --------------    --------------   --------------

Comprehensive income/(loss)                 $     (210,718)  $      149,309   $   (1,506,641)   $      667,653   $   (8,590,199)
                                            ==============   ==============   ==============    ==============   ==============
Net income/(loss) per common share
 - basic and diluted
   Continuing operations                    $        (0.00)  $         0.00   $        (0.00)   $         0.00
                                            ==============   ==============   ==============    ==============

Discontinued operations                     $           --   $           --   $           --    $           --
                                            ==============   ==============   ==============    ==============

Net Income (loss) per common share          $        (0.00)  $         0.00   $        (0.00)   $         0.00
                                            ==============   ==============   ==============    ==============
Weighted average common shares
 outstanding:
   Basic                                     4,678,110,750    3,690,270,009    4,410,487,218     3,014,486,425
                                            ==============   ==============   ==============    ==============
   Diluted                                              --    3,950,000,000               --     3,950,000,000
                                            ==============   ==============   ==============    ==============
</TABLE>


     See accompanying notes to condensed consolidated financial statements

                                       6
<PAGE>
                 INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                                            Cumulative Since
                                                                                                              Re-entering
                                                                                                              Development
                                                                       Nine Months Ended September 30,           Stage
                                                                      --------------------------------         4/01/2007 -
                                                                          2011                2010             9/30/2011
                                                                      ------------        ------------        ------------
<S>                                                                   <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net Income /(loss) from continuing operations                       $ (1,506,534)       $    670,524        $ (8,586,664)
  Adjustments to reconcile net income (loss) to net cash
   used by operating activities:
     Depreciation                                                               --                  --               3,658
     Impairment of goodwill                                                     --                  --           1,303,277
     Amortization of debt discounts                                             --                  --             128,933
     Loss/(Gain) on extinguishment of debt                                      --                  --             (70,843)
     Loss on Investments                                                        --                  --             115,750
     Interest expense associated with beneficial conversion feature             --               2,788           2,165,375
     Change in fair value of derivative liability                          877,587          (1,081,453)          1,679,690
     Director stock based compensation                                          --                  --             150,000
     Preferred stock issued for services                                   245,000                  --             245,000
     Common stock issued for services                                           --                  --             394,519
     Common stock issued for settlement                                         --                  --              13,500
     Gain on disposal of equipment                                              --                  --              (2,565)
     Minority interest in net loss of subsidiary                                --                  --             (15,000)
  Change in assets and liabilities:
     Prepaid expenses and other assets                                          --                  --                 529
     Accounts payable and accrued expenses                                 235,941             126,574           1,103,767
                                                                      ------------        ------------        ------------
           NET CASH USED IN CONTINUING OPERATIONS                         (148,006)           (281,567)         (1,371,074)
           NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS                       --                  --              40,995
           NET CASH PROVIDED BY (USED IN) DISCONTINUED OPERATIONS               --                  --             (83,796)
                                                                      ------------        ------------        ------------
           NET CASH USED IN OPERATING ACTIVITIES                          (148,006)           (281,567)         (1,413,875)
                                                                      ------------        ------------        ------------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Deposit on investment                                                         --                  --             (80,750)
                                                                      ------------        ------------        ------------
           NET CASH USED IN CONTINUING OPERATIONS                               --                  --             (80,750)
                                                                      ------------        ------------        ------------
           NET CASH PROVIDED BY IN INVESTING ACTIVITIES               $         --        $         --        $    (80,750)
                                                                      ------------        ------------        ------------
</TABLE>


      See accompanying notes to condensed consolidated financial statements

                                       7
<PAGE>
                 INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
                          (A DEVELOPMENT STAGE COMPANY)
           CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
                                   (CONTINUED)

<TABLE>
<CAPTION>
                                                                                                            Cumulative Since
                                                                                                              Re-entering
                                                                                                              Development
                                                                        Nine Months Ended September 30,          Stage
                                                                        -------------------------------        4/01/2007 -
                                                                           2011                 2010           9/30/2011
                                                                        ----------           ----------        ----------
<S>                                                                     <C>                  <C>               <C>
CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from related party notes payable                             $  100,000           $       --        $  180,000
  Proceeds from notes payable                                                   --                   --           628,876
  Proceeds from investor deposit, net                                           --              230,000           220,000
  Repayments of notes payable                                                   --                   --           (34,448)
  Proceeds from issuance of preferred stock                                 50,000               60,000           255,301
  Proceeds from issuance of common stock                                        --                   --           180,464
  Proceeds from issuance of common stock for asset purchase                     --                   --             6,206
  Proceeds from exercise of stock options                                       --                   --             4,375
                                                                        ----------           ----------        ----------
           NET CASH PROVIDED BY FINANCING ACTIVITIES                       150,000              290,000         1,440,774
                                                                        ----------           ----------        ----------

Effect of exchange rate changes on cash                                       (107)              (2,871)           (3,535)
                                                                        ----------           ----------        ----------
CASH AND CASH EQUIVALENTS:
  Increase (decrease) in cash                                                1,887                5,563           (57,386)
  CASH, beginning of period                                                  1,605               12,514            60,878
                                                                        ----------           ----------        ----------

CASH, end of period                                                     $    3,492           $   18,077        $    3,492
                                                                        ==========           ==========        ==========
SUPPLEMENTAL DISCLOSURES:
  Tax paid                                                              $       --           $       --        $    4,800
                                                                        ==========           ==========        ==========
  Cash paid for interest                                                $      540           $      235        $    2,041
                                                                        ==========           ==========        ==========
NON-CASH DISCONTINUED OPERATION ACTIVITIES:
  Employee stock based compensation                                     $       --           $       --        $   30,698
  Issuance of common stock for debt                                     $       --           $       --        $  389,360

NON-CASH FINANCING AND INVESTING ACTIVITIES:
  Issuance of note for accrued expenses                                 $       --           $       --        $  201,026
  Issuance of common stock by conversion of preferred stock D           $   30,000           $   94,820        $  273,490
  Issuance of common stock for payment of debt                          $       --           $  175,338        $  947,506
  Issuance of common stock for settlement                               $       --           $       --        $   13,500
  Issuance of Preferred E Stock for services                            $       --           $       --        $       --
  Cancelation of Rosetop project and related Preferred E Stock          $       --           $       --        $ (315,000)
  Issuance of common stock for Purchase of Company                      $       --           $       --        $1,300,000
</TABLE>


      See accompanying notes to condensed consolidated financial statements

                                       8
<PAGE>
INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
(A DEVELOPMENT STAGE COMPANY)
Notes to the Condensed Financial Statements
September 30, 2011
--------------------------------------------------------------------------------

NOTE 1: ORGANIZATION, BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

ORGANIZATION

International  Building  Technologies Group, Inc. (OTCBB:  INBG) (the "Company")
has  four  total   subsidiaries,   one  active   subsidiary  and  three  dormant
subsidiaries.

     Active Subsidiaries:

     *    International  Building  Technologies  Co., Ltd. ("IBT Hong Kong") - a
          Hong Kong Corporation with equity interest of 100%

     Dormant Subsidiaries:

     *    Scottsdale  Diecast,  Inc. - a Nevada Corporation with equity interest
          of 100%
     *    Quadriga Motorsports, Inc. - a Nevada Corporation with equity interest
          of 100%
     *    International   Building   Technologies,   Inc.  ("IBT")  -  a  Nevada
          Corporation with equity interest of 80%

Currently  the Company or its  subsidiary  is focusing its  attention on several
viable  businesses that could be well suited to possibly merge into the company.
The  Company  has  signed a letter of intent  (LOI) with a Chinese  company  and
entered into the process of merge.  The Company  believes it is in a position of
strength  and is going to  explore  every  opportunity  to bring  value  assets,
revenue and profit back to its stockholders and investors.

The Company has engaged a Chinese law firm to conduct the due diligence, as well
an audit  firm to  conduct  the audit as  required  for the  merge.  Result  and
progress  of such due  diligence  and  audit  will be  announced  once  they are
completed.

The  Company  had  offices in  Alameda,  CA,  and  Shanghai,  China in 2007.  In
December,  2008, the Company closed the office in Shanghai,  China.  In January,
2009,  the  Company  closed  the  office  in  Alameda,  CA and  moved to City of
Industry, CA.

BASIS OF FINANCIAL STATEMENT PRESENTATION

The  accompanying  consolidated  financial  statements have been prepared by the
Company  pursuant to the rules and  regulations  of the  Securities and Exchange
Commission.  The information furnished in the consolidated  financial statements
includes normal recurring  adjustments and reflects all  adjustments,  which, in
the  opinion  of  management,  are  necessary  for a fair  presentation  of such
financial statements.

PRINCIPLES OF CONSOLIDATION

The accompanying  consolidated  financial statements include the accounts of the
Company and its  subsidiaries.  All intercompany  accounts and transactions have
been eliminated.

USE OF ESTIMATES

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the  financial  statements  and the  reported  amounts of revenues  and expenses
during the reporting  period.  Actual results could differ from those  estimates
and assumptions.

                                       9
<PAGE>
INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
(A DEVELOPMENT STAGE COMPANY)
Notes to the Condensed Financial Statements
September 30, 2011
--------------------------------------------------------------------------------

RECLASSIFICATION

Certain reclassifications,  which have no effect on net income (loss), have been
made  in the  prior  period  financial  statements  to  conform  to the  current
presentation.

INTANGIBLE ASSETS

The  license   agreement  was  abandoned  in  accordance  with  FASB  Accounting
Codification  Standards 360-10-20 (previous guidance Statement of Accounting No.
144,  "Accounting  for the  Impairment  or Disposal of Long Lived  Assets")  and
consequently  the  remaining  value  of the  asset  was  fully  amortized  as of
September 30, 2011 and 2010.

IMPAIRMENT OF LONG-LIVED ASSETS

The Company  evaluates its long-lived  assets in accordance with FASB Accounting
Codification  Standards  360-10-20 by measuring  the carrying  amounts of assets
against the estimated  undiscounted  future cash flows  associated with them. At
the time  the  carrying  value of such  assets  exceeds  the fair  value of such
assets, impairment is recognized.

INCOMES TAXES

The Company  accounts for income taxes under the liability  method of accounting
for  income  taxes  in  accordance   with  the  provisions  of  FASB  Accounting
Codification  Standards 740 - "Income Taxes"  (previous  guidance  Statements of
Financial  Accounting  Standards No. 109,  "Accounting  for Income Taxes," ("FAS
109") and related interpretations and guidance including FASB Interpretation No.
48,  "Accounting  for  Uncertainty  in Income  Taxes-an  interpretation  of FASB
Statement  No. 109" ("FIN 48")).  Deferred  income taxes are provided  using the
liability  method  whereby  deferred tax assets are  recognized  for  deductible
temporary  differences  and  operating  loss and tax credit  carry-forwards  and
deferred tax  liabilities  are  recognized  for taxable  temporary  differences.
Temporary differences are the differences between the reported amounts of assets
and  liabilities  and their tax bases.  Deferred  tax  assets  are  reduced by a
valuation  allowance when, in the opinion of management,  it is more likely than
not that some  portion or all of the  deferred  tax assets will not be realized.
Deferred tax assets and  liabilities are adjusted for the effects of the changes
in tax laws and rates of the date of enactment.

When tax returns are filed, it is highly certain that some positions taken would
be  sustained  upon  examination  by the taxing  authorities,  while  others are
subject to  uncertainty  about the merits of the position taken or the amount of
the position that would be ultimately  sustained.  The benefit of a tax position
is recognized in the financial  statements in the period during which,  based on
all available evidence,  management believes it is more likely than not that the
position will be sustained upon examination, including the resolution of appeals
or  litigation  processes,  if  any.  Tax  positions  taken  are not  offset  or
aggregated    with   other    positions.    Tax   positions    that   meet   the
more-likely-than-not recognition threshold are measured as the largest amount of
tax  benefit  that is  more  than 50  percent  likely  of  being  realized  upon
settlement  with the applicable  taxing  authority.  The portion of the benefits
associated  with tax  positions  taken  that  exceeds  the  amount  measured  as
described above is reflected as a liability for unrecognized tax benefits in the
accompanying balance sheet along with any associated interest and penalties that
would be payable to the taxing authorities upon examination.

Interest and penalties  associated with unrecognized tax benefits are classified
as additional income taxes in the statement of income.

                                       10
<PAGE>
INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
(A DEVELOPMENT STAGE COMPANY)
Notes to the Condensed Financial Statements
September 30, 2011
--------------------------------------------------------------------------------

TRANSLATION OF NON-U.S. CURRENCY AMOUNTS

Assets and liabilities of non-U.S. subsidiaries that operate in a local currency
environment are translated to U.S. dollars at quarter-end exchange rates. Income
and  expense  items  are  translated  at  weighted-average   rates  of  exchange
prevailing  during the quarter.  Translation  adjustments  are recorded in Other
Comprehensive  Income  not  affecting  retained  earnings  within  Stockholders'
equity.

Inventories,   plant,  rental  machines  and  other   property-net,   and  other
non-monetary  assets and liabilities of non-U.S.  subsidiaries and branches that
operate in U.S. dollars, or whose economic  environment is highly  inflationary,
are  translated  at  approximate  exchange  rates  prevailing  when the  company
acquired  the  assets or  liabilities.  All other  assets  and  liabilities  are
translated at quarter-end  exchange rates.  Cost of sales and  depreciation  are
translated at historical  exchange rates. All other income and expense items are
translated  at the  weighted-average  rates of  exchange  prevailing  during the
quarter.

Current and historical exchange rates are not indicative of what future exchange
rates will be and should not be construed as such.

Relevant  exchange rates used in the preparation of the financial  statements of
the  subsidiary  are as follows for quarters  ended  September 30, 2011 and 2010
(denoted in Hong Kong dollars per one U.S. dollar):

                                                     2011           2010
                                                     ----           ----
Current exchange rate at September 30, HKD          7.79290        7.75750
Weighted average exchange rate                      7.78560        7.77040

FAIR VALUE OF FINANCIAL INSTRUMENTS

The carrying amounts of cash, accounts payable, and accrued expenses approximate
fair value because of the short maturity of these items.

LOSS PER COMMON SHARE

Basic  net loss per  share is  computed  by  dividing  net loss by the  weighted
average number of shares of common stock outstanding during the period.  Diluted
net loss per share is  computed  by dividing  net loss by the  weighted  average
number of shares of common stock and common stock equivalents outstanding during
the period. If the Company resulted in net income for the quarter ended,  common
stock  equivalents  would be included  from  diluted  net income per share.  The
Company  reported net income for the quarter ended September 30, 2010.  However,
the Company incurred net loss for the quarter ended June 30, 2011,  common stock
equivalents  were then  excluded from diluted net loss per share as their effect
would be anti-dilutive.

STOCK-BASED COMPENSATION

FASB Accounting  Codification  Standards (ACS) Topic 825,  "Compensation - Stock
Compensation"  (previous  guidance  Statement of Accounting  Standards  SFAS No.
123R,  "Share-Based  Payment")  requires all share-based  payments to employees,
including  grants of employee  stock options to be  recognized  as  compensation
expense in the financial  statements based on their fair values. That expense is
recognized  over the period  during  which an  employee  is  required to provide
services  in  exchange  for the award,  known as the  requisite  service  period
(usually  the vesting  period).  During the  quarter  ended June 30,  2011,  the
Company issued 245,000  shares of Preferred  Series E Stock to four  individuals
for their consultation  services provided from November 2010 to May 2011. During
quarter ended June 30, 2010,  the Company did not recognize any of  compensation
expense associated with stock-based compensation.  Under FASB ACS Topic 825, the
expense  recognition  for variable  awards is the same under the intrinsic value
and the fair value methods.

                                       11
<PAGE>
INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
(A DEVELOPMENT STAGE COMPANY)
Notes to the Condensed Financial Statements
September 30, 2011
--------------------------------------------------------------------------------

RECENT ACCOUNTING PRONOUNCEMENTS

In February  2010,  the FASB issued  guidance to remove the  requirement  for an
entity that files  financial  statements with the SEC to disclose a date through
which  subsequent  events have been  evaluated.  The  adoption of this  guidance
during our current  fiscal  quarter did not have any impact on our  Consolidated
Financial Statements.

NOTE 2: MATERIAL EVENTS

NEW BUSINESS VENTURE

On May 25, 2010, the Company signed a non-binding Letter of Intent to merge with
FHH Sino New Energies  CO.,  Ltd.,  a Chinese  company  ("FHH Sino")  located in
Weihai, Shandong Province of China. FHH Sino is a petroleum storage company that
offers  petroleum  storage  tanks and  facilities  for  rental to the  petroleum
importers/exporters  in Weihai, a coastal city in Shandong  Province of Northern
China.  Upon signing the Letter of Intent on May 27, 2010 (effective  date), FHH
Sino made a U.S. $230,000 deposit with the Company.

This  deposit is treated as part of the funding to cover any  expenses,  fees or
payables  of the company  that have been  incurred  during the period  after the
letter of intent (LOI) was executed and before the merger is  completed.  In the
other words, it has been recognized as the funding to off-set the expenses, fees
and  accounts  payables  during this  period.  The  expenses,  fees and accounts
payable  incurred up to now already far exceed such amount of $230,000,  so that
no refund of the deposit will be possible.

The Company  intends to merge with FHH Sino by exchanging  the Company's  common
stock with FHH Sino's holding or subsidiary  company.  This merger will give the
Company the opportunity to switch its nature of business into the energy sector,
the ability to  generate  revenue  and profit  once the FHH Sino  commences  its
operation, thus benefits our shareholders in the near future.

NOTE 3: GOING CONCERN

The Company's  financial  statements  are prepared using  accounting  principles
generally  accepted  in the  United  States  of  America  applicable  to a going
concern,  which  contemplates  the  realization  of assets and  satisfaction  of
liabilities in the normal course of business.  The Company's  continuation  as a
going  concern is dependent  upon its ability to generate  sufficient  cash flow
from  operations  to meet  its  obligations  on a  timely  basis  and/or  obtain
financing as may be required.  Since the inception of reentering the development
stage on April 1, 2007, the Company has an accumulated  deficit of $8,586,664 as
of September 30, 2011. As of September 30, 2011, the Company has a stockholders'
deficit of $3,588,712.  The Company has a working  capital deficit of $3,590,712
for the quarter then ended.  These  factors  raise  substantial  doubt about the
Company's ability to continue as a going concern.

During the next 12 months,  the Company's  foreseeable  cash  requirements  will
relate to continual  development of the operations of its business,  maintaining
its good  standing  and making the  requisite  filings with the  Securities  and
Exchange  Commission,  and the payment of expenses  associated with reviewing or
investigating any potential business ventures. The Company may experience a cash
shortfall  and be required to raise  additional  capital.  Historically,  it has
relied  upon  internally  generated  funds and funds  from the sale of shares of
stock and loans from its  shareholders  and  private  investors  to finance  its

                                       12
<PAGE>
INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
(A DEVELOPMENT STAGE COMPANY)
Notes to the Condensed Financial Statements
September 30, 2011
--------------------------------------------------------------------------------

operations and growth.  Management may raise  additional  capital through future
public or private offerings of the Company's stock or through loans from private
investors,  although  there can be no  assurance  that it will be able to obtain
such financing. The Company's failure to do so could have a material and adverse
affect upon it and its shareholders.

The Company has entered into  negotiation  with a private owned company in China
for a  possible  merger  and  joint  venture  and will  announce  the  terms and
condition of such merger or joint venture if the  transaction  proceeds and when
there is a signed LOI, MOU or a binding agreement.

In the past year, the Company funded operations  through an investor's  deposit.
For the coming  quarter,  the  Company  plans to  continue  to fund the  Company
through  debt and  securities  sales and  issuances,  focus on a possible  joint
venture or merger until the company generates revenues through the operations of
such merged company or joint venture as stated above.

NOTE 4: NOTES PAYABLE & DEBT DISCOUNTS

The chart below  summarizes the Notes Payable & Debt Discounts of the Company as
of September 30, 2011.  The Company is  technically in default on its promissory
notes to the persons or entities detailed hereafter, most of which notes matured
on December 31, 2009. The Company is currently  working with the note holders to
restructure the terms of such notes and extend the maturity dates.  The interest
rate for these  loans  will be at 12% in 2011  since  they have been in  default
since December 31, 2009.

Terms                                                                    Amount
-----                                                                    ------

SHORT TERM NOTES PAYABLE TO SHAREHOLDERS:
     12% Interest;  principal of $6,597; convertible to common stock
     based  on  75%  of  average  price;  due  on  9/3/2009,  net of
     unamortized discount related to the debt discount of $0           $  6,597
     12% Interest;  principal of $293;  convertible  to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discounted related to the debt discount of $0              293
     12% Interest; principal of $11,000; convertible to common stock
     based  on 75%  of  average  price;  due  on  10/9/2009,  net of
     unamortized discount related to the debt discount of $0             11,000
     12% Interest; principal of $31,925; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized  discounted  related  to the  debt  discount  of $0     31,925
     12% Interest; principal of $10,269; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized  discounted  related  to the  debt  discount  of $0     10,269
     12% Interest; principal of $12,500; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             12,500
     12% Interest; principal of $15,000; convertible to common stock
     based  on  75%  of  average  price;  due  on  8/1/2009,  net of
     unamortized discount related to the debt discount of $0             15,000
     12%  Interest;  principal of $17;  convertible  to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0                 17
     12%  Interest;  principal  of $5;  convertible  to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discounted related to the debt discount of $0                5
     12% Interest;  principal of $231;  convertible  to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0                231

                                       13
<PAGE>
INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
(A DEVELOPMENT STAGE COMPANY)
Notes to the Condensed Financial Statements
September 30, 2011
--------------------------------------------------------------------------------

     12% Interest;  principal of $9,458; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discounted related to the debt discount of $0            9,458
     12% Interest; principal of $37,133; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized  discounted  related  to the  debt  discount  of $0     37,133
     12% Interest;  principal of $5,000; convertible to common stock
     based  on 75% of  average  price;  due  on  10/28/2009,  net of
     unamortized discount related to the debt discount of $0              5,000
     12% Interest; principal of $10,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized  discount  related to the debt  discount  of $3,271     10,000
     12% Interest; principal of $13,000; convertible to common stock
     based  on  75%  of  average  price;  due  on  8/1/2009,  net of
     unamortized discount related to the debt discount of $0             13,000
     12% Interest;  principal of $7,209; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discounted related to the debt discount of $0            7,209
     12% Interest; principal of $23,847; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized  discounted  related  to the  debt  discount  of $0     23,847
     12% Interest; principal of $20,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             20,000
     12% Interest; principal of $25,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             25,000
     12% Interest; principal of $70,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             70,000
     12% Interest; principal of $36,867; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized  discounted  related  to the  debt  discount  of $0     36,867
     12% Interest; principal of $73,977; convertible to common stock
     based  on  75%  of  average  price;  due  on  7/1/2009,  net of
     unamortized discount related to the debt discount of $0             73,977
     12% Interest;  principal of $1,112; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discounted related to the debt discount of $0            1,112
     12% Interest; principal of $10,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             10,000
     12% Interest; principal of $15,000; convertible to common stock
     based  on 75% of  average  price;  due  on  10/29/2009,  net of
     unamortized discount related to the debt discount of $0             15,000
     12% Interest; principal of $50,240; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             50,239
                                                                       --------

TOTAL SHORT TERM NOTES PAYABLE TO SHAREHOLDERS                         $495,679
                                                                       ========

                                       14
<PAGE>
INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
(A DEVELOPMENT STAGE COMPANY)
Notes to the Condensed Financial Statements
September 30, 2011
--------------------------------------------------------------------------------

SHORT TERM NOTES PAYABLE:
     12% Interest; principal of $50,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0           $ 50,000
     12% Interest; principal of $50,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             50,000
     12% Interest; principal of $15,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             15,000
     12% Interest; principal of $10,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized  discount related to the debt discount of $0            10,000
     12% Interest; principal of $20,500; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             20,500
     Non-interest  bearing;  principal  of $100,000;  no  conversion
     feature; due on demand                                             100,000
                                                                       --------

TOTAL SHORT TERM NOTES PAYABLE                                         $245,500
                                                                       ========

NOTE 5: STOCKHOLDERS' EQUITY

PREFERRED STOCK

There was no Preferred Stock issued during the quarter ended September 30, 2011.

COMMON STOCK

There was no Common Stock issued during the quarter ended September 30, 2011.

NOTE 6: DERIVATIVE LIABILITY

As of September  30, 2011,  the common stock  equivalents  of the Company on all
convertible  debentures  and  preferred  stock  exceeded  the total common stock
available for issuance by approximately by 103,177,224,470 shares. The Company's
Chief  Executive  Officer,  Kenneth  Yeung,  hold  3,000,000  shares of Series C
Preferred Stock that are convertible  into  85,714,285,714  common shares of the
Company.

Unless and until there is enough  authorized common stock available to cover all
common  stock  equivalents,  Mr.  Yeung will not  convert  any of his  preferred
shares. Furthermore, the stock is only convertible upon management's discretion.
Management  currently does not intend on converting  such stock.  Also,  warrant
options are not included in common stock equivalents since the exercise price of
$0.25 for the warrant is more than the fair value of common stock of $0.0001 per
share  on  September  30,  2011.  The  remaining   common  stock  equivalent  of
17,462,938,756  shares  has  been  accounted  for  as  a  derivative  liability.
Accordingly,  the excess  common stock  equivalents  exceeding  the total common
stock  available  for issue is marked to market  through  earnings at the end of
each  reporting  period.  Utilizing the  Black-Scholes  valuation  model and the
following  assumptions:  estimated  volatility of 402.22%, a contractual life of
approximately  a year, a zero  dividend  rate,  0.13% risk free  interest  rate,
exercise price of $0.00007447  and the fair value of common stock of $0.0001 per
share as of September 30, 2011, the Company  determined the allocated fair value
of the  derivative  liability.  The  Company  reflected a loss of $92,385 in the
quarter  ended  September  30,  2011  to  adjust  the  derivative  liability  to
$1,679,690 as of the quarter-end,  representing the initial fair value of excess
common  stock  equivalents  exceeding  the  total  common  stock  available  for
issuance.

                                       15
<PAGE>
INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
(A DEVELOPMENT STAGE COMPANY)
Notes to the Condensed Financial Statements
September 30, 2011
--------------------------------------------------------------------------------

We  adopted  ASC  Topic  820  (originally   issued  as  SFAS  157,  "Fair  Value
Measurements") as of January 1, 2008 for financial  instruments measured at fair
value on a recurring  basis.  ASC Topic 820 defines  fair value,  establishes  a
framework for  measuring  fair value in accordance  with  accounting  principles
generally accepted in the United States and expands disclosures about fair value
measurements.

Fair value is defined  as the price that would be  received  to sell an asset or
paid  to  transfer  a  liability  in  an  orderly   transaction  between  market
participants  at the  measurement  date. ASC Topic 820  establishes a three-tier
fair value hierarchy which  prioritizes the inputs used in measuring fair value.
The hierarchy gives the highest  priority to unadjusted  quoted prices in active
markets for identical assets or liabilities (level 1 measurement) and the lowest
priority to unobservable inputs (level 3 measurement). These tiers include:

Level 1,  defined as  observable  inputs  such as quoted  prices  for  identical
instruments in active markets;

Level 2, defined as inputs other than quoted  prices in active  markets that are
either  directly  or  indirectly  observable  such as quoted  prices for similar
instruments  in active  markets  or  quoted  prices  for  identical  or  similar
instruments in markets that are not active; and

Level 3,  defined  as  unobservable  inputs in which  little  or no market  data
exists,  therefore  requiring an entity to develop its own assumptions,  such as
valuations  derived from valuation  techniques in which one or more  significant
inputs or significant value drivers are unobservable.

                                          Quoted Prices
                                            in Active   Significant
                                            Market for    Other     Significant
                                            Identical   Observable  Unobservable
                                             Assets       Inputs      Inputs
                                 Total      (Level 1)   (Level 2)    (Level 3)
                                 -----      ---------   ---------    ---------
Liabilities
  Derivative liability         $1,679,690      $  --      $  --      $1,679,690
                               ----------      -----      -----      ----------
Total liabilities measured at
 fair value                    $1,679,690      $  --      $  --      $1,679,690
                               ==========      =====      =====      ==========

The table below presents our  liabilities  measured at fair value on a recurring
basis using significant  unobservable inputs (Level 3) at September 30, 2011. We
classify financial instruments in Level 3 of the fair value hierarchy when there
is  reliance on at least one  significant  unobservable  input to the  valuation
model.

                                                              Three months ended
                                                              September 30, 2011
                                                              ------------------
Opening balance on June 30, 2011                                  $1,587,305
Change in fair value of derivative liabilities                        92,385
                                                                  ----------

Closing balance on September 30, 2011                             $1,679,690
                                                                  ==========
Total loss included in the statement of operations
 for the change in fair value of derivative liability             $   92,385
                                                                  ==========

                                       16
<PAGE>
INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
(A DEVELOPMENT STAGE COMPANY)
Notes to the Condensed Financial Statements
September 30, 2011
--------------------------------------------------------------------------------

NOTE 7: LOAN FROM RELATED PARTIES

The Company did not receive  any loan  during the quarter  ended  September  30,
2011.

NOTE 8: COMMITMENTS AND CONTINGENCY

On July 21,  2011,  the Company  was served  with a  Complaint  in a case styled
A-Squared  Holdings,  LLC,  f/k/a  Damascus  Group LLC, et al. v.  International
Business Technologies Group, Inc., Case No. 11CV2217,  District Court, Jefferson
County,  Colorado.  The suit alleges  claims for money  damages in the amount of
$62,000 plus attorney fees and court costs.  The Company believes the lawsuit is
spurious,  totally  without  merit and is an  attempt  to extort  money from the
Company on the basis of false  claims.  The Company  believes  that there was no
written statement of liability for such loan. The Company also believes that the
plaintiffs are barred from bringing the suit because of statute of  limitations.
The Company intends to vigorously contest this lawsuit.

On Aug. 28, 2011,  the Company  retained Holme Robert & Owen LLP, a Colorado law
firm, to represent the Company with respect to this litigation. On Oct. 7, 2011,
Holme  Roberts & Owen LLP  concluded  that  there was no  written  statement  of
liability  for such loan as  claimed;  the  statute of  limitation,  as well the
statute of frauds  would  apply to prevent  the claim from being  valid,  and an
official letter stated the  conclusions had been sent to the Plaintiff's  lawyer
to request dismissal of this case with prejudice.  However,  as of Nov. 8, 2011,
there has been no reply from the Plaintiff's lawyer.

NOTE 9: SUBSEQUENT EVENTS

Management  has reviewed  material  events  subsequent to the three months ended
September 30, 2011 and prior to the filing of financial statements in accordance
with FASB ASC 855 "Subsequent Events". No additional disclosures are required.

                                       17
<PAGE>
ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS.

                     CAUTIONARY FORWARD - LOOKING STATEMENT

     The following  discussion  should be read in conjunction with our financial
statements and related notes.

     Certain matters  discussed  herein may contain  forward-looking  statements
that are  subject  to risks and  uncertainties.  Such  risks  and  uncertainties
include, but are not limited to, the following:

     *    the volatile and competitive nature of our industry,
     *    the uncertainties surrounding the rapidly evolving markets in which we
          compete,
     *    the uncertainties surrounding technological change of the industry,
     *    our dependence on its intellectual property rights,
     *    the success of marketing efforts by third parties,
     *    the changing demands of customers and o the arrangements  with present
          and future customers and third parties.

     Should one or more of these risks or  uncertainties  materialize  or should
any of the underlying assumptions prove incorrect, actual results of current and
future operations may vary materially from those anticipated.

RESULTS OF  OPERATIONS - THE QUARTER  ENDED  SEPTEMBER  30, 2011 COMPARED TO THE
QUARTER ENDED SEPTEMBER 30, 2010

     Since  discontinuing  the prior business and  re-entering  the  development
stage as of April 1, 2007 the Company's results of operations has changed. There
are no revenues during the current development stage as we are in the process of
starting our manufacturing process.

     For the quarter  ended  September 30, 2011,  Operating  Expense for current
operations  totaled  $99,808 which is more than the quarter ended  September 30,
2010's  Operating  Expense of $100,435.  The  operating  expenses were about the
same.

     There is a  significant  change  in the fair  value  of  derivative.  As of
September 30, 2011, change in fair value of derivative resulted in a decrease of
$92,385.  The change in the fair value of derivative is resulted from the common
stock  equivalents  of the Company on all  convertible  debentures and preferred
stock exceeded the total common stock available for issuance by approximately by
103,177,224,470  shares. The Company's Chief Executive  Officer,  Kenneth Yeung,
hold  3,000,000  shares of Series C Preferred  Stock that are  convertible  into
85,714,285,714  common  shares of the Company.  Unless and until there is enough
authorized  common stock  available to cover all common stock  equivalents,  Mr.
Yeung will not convert any of his preferred  shares.  Furthermore,  the stock is
only convertible upon  management's  discretion.  Management  currently does not
intend on  converting  such stock.  Also,  warrant  options are not  included in
common  stock  equivalents  since the  exercise  price of $0.25 for the  warrant
exceeds  the fair value of common  stock of $0.0001 per share on  September  30,
2011. The remaining  common stock equivalent of  17,462,938,756  shares has been
accounted  for as a derivative  liability.  The fair value of the  derivative of
$1,679,690 was determined by utilizing the Black-Scholes valuation model.

LIQUIDITY AND CAPITAL RESOURCES

     Our future success and viability is primarily dependent upon our ability to
increase operating cash flows and develop new business opportunities. .

     During the next 12 months, the Company's foreseeable cash requirements will
relate to continual  development of the operations of its business,  maintaining
its good  standing  and making the  requisite  filings with the  Securities  and
Exchange  Commission,  and the payment of expenses  associated with reviewing or
investigating any potential business ventures.

                                       18
<PAGE>
     Additionally,  we may  experience a cash shortfall and be required to raise
additional  capital.  In the quarter ended September 30, 2011 we relied on funds
from the investor  deposit and the issuance of preferred  stock.  Management may
raise additional capital through future public or private offerings of our stock
or through loans from private investors, although there can be no assurance that
we will be able to obtain  such  financing.  Our  failure  to do so could have a
material and adverse affect upon us and our shareholders.

     The Company has entered into  negotiation  with a private  owned company in
China for a possible  merger and joint  venture and will  announce the terms and
condition of such merger or joint venture if the  transaction  proceeds and when
there is a signed LOI, MOU or a binding agreement.

     The chart  below  summarizes  our debt  (see Note 4 - Notes  Payable & Debt
Discounts  of  the  Consolidated   Financial  Statements  -  Notes  Payable  and
Beneficial Conversions):

Terms                                                                    Amount
-----                                                                    ------

SHORT TERM NOTES PAYABLE TO SHAREHOLDERS:
     12% Interest;  principal of $6,597; convertible to common stock
     based  on  75%  of  average  price;  due  on  9/3/2009,  net of
     unamortized discount related to the debt discount of $0           $  6,597
     12% Interest;  principal of $293;  convertible  to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discounted related to the debt discount of $0              293
     12% Interest; principal of $11,000; convertible to common stock
     based  on 75%  of  average  price;  due  on  10/9/2009,  net of
     unamortized discount related to the debt discount of $0             11,000
     12% Interest; principal of $31,925; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized  discounted  related  to the  debt  discount  of $0     31,925
     12% Interest; principal of $10,269; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized  discounted  related  to the  debt  discount  of $0     10,269
     12% Interest; principal of $12,500; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             12,500
     12% Interest; principal of $15,000; convertible to common stock
     based  on  75%  of  average  price;  due  on  8/1/2009,  net of
     unamortized discount related to the debt discount of $0             15,000
     12%  Interest;  principal of $17;  convertible  to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0                 17
     12%  Interest;  principal  of $5;  convertible  to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discounted related to the debt discount of $0                5
     12% Interest;  principal of $231;  convertible  to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0                231
     12% Interest;  principal of $9,458; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discounted related to the debt discount of $0            9,458
     12% Interest; principal of $37,133; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized  discounted  related  to the  debt  discount  of $0     37,133
     12% Interest;  principal of $5,000; convertible to common stock
     based  on 75% of  average  price;  due  on  10/28/2009,  net of
     unamortized discount related to the debt discount of $0              5,000
     12% Interest; principal of $10,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized  discount  related to the debt  discount  of $3,271     10,000
     12% Interest; principal of $13,000; convertible to common stock
     based  on  75%  of  average  price;  due  on  8/1/2009,  net of
     unamortized discount related to the debt discount of $0             13,000

                                       19
<PAGE>
     12% Interest;  principal of $7,209; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discounted related to the debt discount of $0            7,209
     12% Interest; principal of $23,847; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized  discounted  related  to the  debt  discount  of $0     23,847
     12% Interest; principal of $20,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             20,000
     12% Interest; principal of $25,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             25,000
     12% Interest; principal of $70,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             70,000
     12% Interest; principal of $36,867; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized  discounted  related  to the  debt  discount  of $0     36,867
     12% Interest; principal of $73,977; convertible to common stock
     based  on  75%  of  average  price;  due  on  7/1/2009,  net of
     unamortized discount related to the debt discount of $0             73,977
     12% Interest;  principal of $1,112; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discounted related to the debt discount of $0            1,112
     12% Interest; principal of $10,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             10,000
     12% Interest; principal of $15,000; convertible to common stock
     based  on 75% of  average  price;  due  on  10/29/2009,  net of
     unamortized discount related to the debt discount of $0             15,000
     12% Interest; principal of $50,240; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             50,239
                                                                       --------

TOTAL SHORT TERM NOTES PAYABLE TO SHAREHOLDERS                         $495,679
                                                                       ========

SHORT TERM NOTES PAYABLE:
     12% Interest; principal of $50,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0           $ 50,000
     12% Interest; principal of $50,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             50,000
     12% Interest; principal of $15,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             15,000
     12% Interest; principal of $10,000; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized  discount related to the debt discount of $0            10,000
     12% Interest; principal of $20,500; convertible to common stock
     based  on 75% of  average  price;  due  on  12/31/2009,  net of
     unamortized discount related to the debt discount of $0             20,500
     Non-interest  bearing;  principal  of $100,000;  no  conversion
     feature; due on demand                                             100,000
                                                                       --------

TOTAL SHORT TERM NOTES PAYABLE                                         $245,500
                                                                       ========

                                       20
<PAGE>
QUARTER ENDED SEPTEMBER 30, 2011

     As of September 30, 2011, the Company's  current assets were $4,503 and its
current  liabilities were $3,595,215,  resulting in a working capital deficit of
$3,590,712.  As of September  30,  2011,  current  assets were  comprised of (i)
$3,492 in cash; (ii) $1,011 in other current assets.

     As of  September  30,  2011,  current  liabilities  were  comprised  of (i)
$1,679,690  in  derivative   liability;   (ii)  $495,679  in  notes  payable  to
stockholders  and $245,500 in notes payable;  (iii) $220,000 in investor deposit
(iv)  $200,124 in accounts  payable and accrued  expenses  and $537,579 of other
amounts due to shareholders.

     For nine months ended  September 30, 2011, net cash flows used in operating
activities were $148,006 compared to net cash flows used in operating activities
of  $281,567,  before  the  net  cash  used  in  and  provided  by  discontinued
operations, for the same nine months ended a year ago on September 30, 2010. The
decrease  of  $133,561  during the nine  months  ended  September  30, 2011 were
primarily due to the change in fair value of  derivative  liability and interest
expense associated with beneficial conversion feature.

     For nine months ended  September 30, 2011 and 2010,  net cash flows used in
investing activities were both at $0.

     For nine  months  ended  September  30,  2011,  net cash flows  provided by
financing  activities  was  $150,000  compared  to net cash  flows  provided  by
financing  activities  of $290,000  for the same nine months ended a year ago on
September 30, 2010. Cash inflow in 2011 consisted of the sale of preferred stock
and  proceeds  from loan  while for the same  period in 2010 there was a deposit
from an investor for the FHH Sino merger.

     Our financial  statements have been prepared assuming that we will continue
as a going concern and, accordingly,  do not include adjustments relating to the
recoverability and realization of assets and classifications of liabilities that
might be necessary should we be unable to continue our operations.

     As of the date of this Annual Report, the Company has generated no revenues
from  operations  since it  entered  the  development  stage  on April 1,  2007.
Therefore,  the Company's  auditors have expressed  substantial  doubt about the
Company's  ability to continue as a going concern.  Management  believes that it
can maintain its status as a going  concern  based on its ability to raise funds
pursuant  to future  public and private  offerings  and to obtain  advances  and
minimize operating expenses by not duplicating or incurring needless expenses.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK.

     Not applicable.

ITEM 4. CONTROLS AND PROCEDURES.

(a) Evaluation of Disclosure Controls and Procedures

     We conducted an evaluation under the supervision and with the participation
of our management,  including  Kenneth Yeung,  our Chief  Executive  Officer and
Chief Financial Officer, of the effectiveness of the design and operation of our
disclosure   controls  and  procedures.   The  term  "disclosure   controls  and
procedures,"  as defined in Rules  13a-15(e) and 15d-15(e)  under the Securities
and Exchange Act of 1934, as amended  ("Exchange Act"), means controls and other
procedures of a company that are designed to ensure that information required to
be  disclosed  by the  company  in the  reports  it files or  submits  under the
Exchange Act is recorded,  processed,  summarized and reported,  within the time
periods specified in the Securities and Exchange  Commission's  rules and forms.
Disclosure controls and procedures also include,  without  limitation,  controls
and procedures designed to ensure that information required to be disclosed by a
company  in the  reports  that it files or  submits  under the  Exchange  Act is
accumulated  and  communicated  to  the  company's  management,   including  its
principal  executive and principal  financial  officers,  or persons  performing
similar functions, as appropriate,  to allow timely decisions regarding required
disclosure.  Based on this  evaluation,  our Chief  Executive  Officer and Chief
Financial  Officer  concluded as of December 31, 2010, and again as of September
30, 2011,  that our disclosure  controls and  procedures  have been improved and
were  maintained  effectively at the reasonable  assurance level in our internal
controls over financial reporting discussed immediately below.

                                       21
<PAGE>
MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

     Our management is responsible for  establishing  and  maintaining  adequate
internal  control over  financial  reporting as defined in Rules  13a-15(f)  and
15d-15(f) under the Exchange Act. Our internal control over financial  reporting
is  designed  to provide  reasonable  assurance  regarding  the  reliability  of
financial  reporting and the  preparation  of financial  statements for external
purposes in  accordance  with  generally  accepted  accounting  principles.  Our
internal control over financial reporting includes those policies and procedures
that:

     (1)  pertain  to the  maintenance  of  records  that in  reasonable  detail
          accurately and fairly reflect the transactions and dispositions of our
          assets;
     (2)  provide  reasonable   assurance  that  transactions  are  recorded  as
          necessary to permit preparation of financial  statements in accordance
          with U.S. GAAP, and that our receipts and  expenditures are being made
          only in  accordance  with  the  authorization  of our  management  and
          directors; and
     (3)  provide reasonable  assurance regarding prevention or timely detection
          of  unauthorized  acquisition,  use or  disposition of our assets that
          could have a material effect on the financial statements.

     Because  of its  inherent  limitations,  internal  control  over  financial
reporting  may not prevent or detect  misstatements.  Also,  projections  of any
evaluation  of  effectiveness  to future  periods  are  subject to the risk that
controls may become  inadequate  because of changes in  conditions,  or that the
degree of compliance with the policies or procedures may deteriorate.

     Management   assessed  the  effectiveness  of  our  internal  control  over
financial reporting as of December 31, 2010, and again at September 30, 2011. In
making this  assessment,  management  used the framework set forth in the report
entitled  Internal  Control--Integrated  Framework  issued by the  Committee  of
Sponsoring Organizations of the Treadway Commission, or COSO. The COSO framework
summarizes  each of the  components  of a  company's  internal  control  system,
including  (i) the control  environment,  (ii) risk  assessment,  (iii)  control
activities,  (iv)  information  and  communication,  and  (v)  monitoring.  This
quarterly report does not include an attestation report of our registered public
accounting   firm  regarding   internal   control  over   financial   reporting.
Management's  report was not subject to  attestation  by our  registered  public
accounting  firm  pursuant to  temporary  rules of the  Securities  and Exchange
Commission  that permits us to provide only  management's  report in this annual
report.

IDENTIFIED MATERIAL WEAKNESSES AND SIGNIFICANT DEFICIENCIES

     A material  weakness is a control  deficiency,  or  combination  of control
deficiencies,  that  results  in more than a remote  likelihood  that a material
misstatement  of the  financial  statements  will not be  prevented or detected.
Management  identified the following  internal  control  deficiency which we had
assessed as a material weakness as of September 30, 2011,  December 31, 2010 and
2009 during our assessment of our internal  control over financial  reporting as
follows:

     1.   We did not have adequate  segregation  of duties over certain areas of
          our financial reporting process.

     The internal  control  deficiency  identified above will only be completely
corrected if the company  expands and has the capacity to  adequately  segregate
the duties to mitigate risk in financial reporting. Expansion will depend mostly
on the ability of management to begin  operations and generate  enough income to
warrant growth in personnel.

                                       22
<PAGE>
     We did not have  effective  comprehensive  entity-level  internal  controls
specific to the structure of our board of directors and organization of critical
committees.  Due to our  expected  expansion,  as  disclosed  in this Form 10-Q,
without  correcting this  significant  deficiency and ensuring that our board of
directors has the proper oversight and committees are properly established,  the
control environment in subsequent years may not be effective.

     We had engaged a regionally-recognized independent consulting firm assisted
management with its assessment of the effectiveness of our internal control over
financial  reporting,   including  scope  determination,   planning,   staffing,
documentation, testing, remediation and retesting and overall program management
of the assessment project. In conclusion,  our Chief Executive Officer and Chief
Financial Officer surmised that the Company has improved the effective  internal
control  over  financial  reporting  as of December  31,  2010,  and again as of
September 30, 2011.

MANAGEMENT'S REMEDIATION INITIATIVES

     We are in the further  process of evaluating  our material and  significant
deficiencies.  We have  already  begun to  remediate  many of the  deficiencies.
However, others will require additional people, including adding to our board of
directors, which will take longer to remediate.

     In an effort to remediate  the  identified  material  weaknesses  and other
deficiencies and enhance our internal  controls,  we have initiated,  or plan to
initiate, the following series of measures:

     1.   Identify  and  retain  one or two  new  directors  for  our  board  of
          directors  including a member who is  appropriately  credentialed as a
          financial expert with a goal of having sufficient independent board of
          directors oversight;

     2.   Ensure  all entity  level  controls  are  applied at all levels of the
          organization and are scalable for acquisition or merge targets;

     3.   Establish   comprehensive   formal  general  accounting  policies  and
          procedures  and  require  directors  or  employees  to sign  off  such
          policies and procedures as documentation of their understanding of and
          compliance with company policies;

     4.   Make  all  directors  or  employees  subject  to our  Code  of  Ethics
          (including  those  employees in  acquisition  targets) and require all
          employees  and directors to sign our Code of Ethics on an annual basis
          and retain the related documentation; and,

     5.   Implement better segregation of duties given the size of our company.

     We believe that the above five initiatives had been at least partially,  if
not fully,  implemented  by the end of 2010.  Additionally,  we plan to test our
updated controls and remediate our deficiencies by December 31, 2011.

CONCLUSION

     The above identified  improvement,  material  weaknesses and deficiency did
not  result  in  material  audit  adjustments  to our  2010  or  2009  financial
statements.  However, it is reasonably possible that, if not re-mediated, one or
more of the  identified  material  weaknesses  noted  above  could  result  in a
material  misstatement in our reported financial statements that might result in
a material misstatement in a future annual or interim period.

     In light of the identified material weaknesses,  management,  performed (1)
significant  additional  substantive  review of those areas described above, and
(2)  performed  additional  analyses,  including  but not  limited to a detailed
balance  sheet and  statement  of  operations  analytical  review that  compared
changes  from  the  prior  period's   financial   statements  and  analyzed  all
significant  differences.  These  procedures were completed so management  could
gain assurance that the financial statements and schedules included in this Form
10-Q fairly present in all material respects the Company's  financial  position,
results of operations and cash flows for the periods presented.

                                       23
<PAGE>
     The changes  noted  above,  are the only changes  during our most  recently
completed fiscal quarter that have materially  affected or are reasonably likely
to materially affect, our internal control over financial reporting,  as defined
in Rules 13a-15(f) and 15d-15(f) under the Exchange Act.

     Our  Annual  Report on Form 10-K for 2010 did not  include  an  attestation
report of the Company's  registered  public  accounting firm regarding  internal
control  over  financial  reporting.  Management's  report  was not  subject  to
attestation  by the  Company's  registered  public  accounting  firm pursuant to
temporary  rules of the  Securities  and  Exchange  Commission  that  permit the
Company to provide only management's report in its Annual Report.

(b) Changes in Internal Control over Financial Reporting

     During the quarter ended September 30, 2011, we did not make any changes in
Internal Control over Financial Reporting.

                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

     On July 21, 2011,  the Company was served with a Complaint in a case styled
A-Squared  Holdings,  LLC,  f/k/a  Damascus  Group LLC, et al. v.  International
Business Technologies Group, Inc. , Case No. 11CV2217, District Court, Jefferson
County,  Colorado. The suit is alleges claims for money damages in the amount of
$62,000 plus attorneys fees and court costs. The Company believes the lawsuit is
spurious,  totally  without  merit and is an  attempt  to extort  money from the
Company  on the  basis  of false  claims.  The  Company  also  believes  that it
previously  settled this matter.  The Company also believes that the  plaintiffs
are barred from bringing the suit because of statute of limitations. The Company
intends to vigorously contest this lawsuit.

ITEM 1A. RISK FACTORS.

     Not applicable.

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

     Since June 30,  2011,  the  Company has not issued any  securities  without
registration  under  the  Securities  Act of 1933,  which  were  not  previously
reported.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

     None.

ITEM 4. (REMOVED AND RESERVED).

ITEM 5. OTHER INFORMATION.

     None.
                                       24
<PAGE>
ITEM 6. EXHIBITS.

     See Exhibit  Index below for  exhibits  required by Item 601 of  Regulation
S-K.

                                  EXHIBIT INDEX

     List of Exhibits attached or incorporated by reference pursuant to Item 601
of Regulation S-K:

EXHIBIT                            DESCRIPTION
-------                            -----------

2(i)*      Agreement and Plan of Merger (Appendix D of the Company's  Definitive
           Proxy Statement on Form DEF 14A filed with the Commission on June 25,
           2004).

3(i)(1)*   Restated Articles of Incorporation  filed with the Secretary of State
           of  Colorado  on  August  10,  2004  (Appendix  A  of  the  Company's
           Definitive  Proxy Statement on Form DEF 14A filed with the Commission
           on June 25, 2004).

3(i)(2)*   Articles of  Incorporation of Ten Stix, Inc. filed with the Secretary
           of  State  of  Nevada  on May 28,  2004(Appendix  F of the  Company's
           Definitive  Proxy Statement on Form DEF 14A filed with the Commission
           on June 25, 2004).

3(i)(3)*   Certificate  of Amendment to Articles of  Incorporation  of Ten Stix,
           Inc.  filed with the Secretary of State of Nevada on December 1, 2004
           (Exhibit 3.1 to the Company's  Current  Report on Form 8-K filed with
           the Commission on December 6, 2004).

3(i)(4)*   Certificate  of  Amendment to the  Articles of  Incorporation  of the
           Company  filed with the  Secretary  of State of Nevada on October 12,
           2006(Exhibit  3(1) to the Company's  Quarterly  report on Form 10-QSB
           filed with the Commission on November 14, 2006).

3(i)(5)*   Certificate  of  Amendment to the  Articles of  Incorporation  of the
           Company  filed  with the  Secretary  of State of  Nevada  on July 17,
           2007(Exhibit  3 (i)(5) to the Company's form 10-KSB Annual Report for
           the Fiscal Year Ended December 31, 2007, filed with the Commission on
           April 3, 2008).

3(i)(6)*   Certificate  of  Amendment to the  Articles of  Incorporation  of the
           Company  filed with the Secretary of State of Nevada on May 22, 2008,
           changing  par value of common  stock to $.00001  (Exhibit  3.1 to the
           Company's  Quarterly Report for the Period Ended June 30, 2008, filed
           with the Commission on August 13, 2008).

3(i)(7)*   Certificate of Amendment to Articles of  Incorporation  to change the
           total authorized  shares and conversion terms of the Company's Series
           E Preferred Stock filed with the Secretary of State of Nevada on July
           28,  2008(Exhibit 4.2 to the Company's  Quarterly Report on Form 10-Q
           for the Period  Ended June 30,  2008,  filed with the  Commission  on
           August 13, 2008).

3(i)(8)*   Certificate of Amendment to Articles of  Incorporation  to change the
           total  authorized  capital  stock  of  the  Company  filed  with  the
           Secretary  of State of Nevada on August 11,  2008(Exhibit  4.3 to the
           Company's Quarterly Report on Form 10-Q for the Period Ended June 30,
           2008, filed with the Commission on August 13, 2008).

3(i)(9)*   Certificate of Amendment to Articles of  Incorporation  to change the
           total  authorized  capital  stock  of the  Company,  filed  with  the
           Secretary of State of Nevada on October 13, 2009 (Exhibit  3(i)(9) to
           the  Company's  Quarterly  Report on Form 10-Q for the  Period  Ended
           September 30, 2009, filed with the Commission on November 16, 2009).

                                       25
<PAGE>
3(i)(10)*  Certificate of Amendment to Articles of  Incorporation  to change the
           total  authorized  capital  stock  of the  Company,  filed  with  the
           Secretary of State of Nevada and effective  October 25, 2010 (Exhibit
           3(i)(10) to the Company's  Current  Report on Form 8-K filed with the
           Commission on October 26, 2010).

3(ii)*     By-laws of the Company  (Exhibit 3. II to the Company's  Registration
           Statement  on Form 10-SB  filed with the  Commission  on  February 8,
           2001).

4(i)*      Certificate of  Designation of Series A Preferred  Stock of Ten Stix,
           Inc. (Appendix G of the Company's  Definitive Proxy Statement on Form
           DEF 14A filed with the Commission on June 25, 2004).

4(ii)*     Certificate of Designation of Series C Preferred Stock of the Company
           (Exhibit 99.1 to the Company's  Current report on Form 8-K filed with
           the Commission on September 14, 2006).

4(iii)*    Certificate  of Amendment to  Certificate  of Designation of Series B
           Preferred  Stock of the Company  filed with the Secretary of State of
           Nevada on May 30,  2007(Exhibit 4(iii) to the Company's Annual Report
           on Form 10-KSB for the Fiscal Year Ended  December  31,  2007,  filed
           with the Commission on April 3, 2008).

4(iv)*     Certificate  of Amendment to  Certificate  of Designation of Series C
           Preferred  Stock of  Company  filed  with the  Secretary  of State of
           Nevada on May 30,  2007(Exhibit  4(iv) to the Company's Annual Report
           on Form 10-KSB for the Fiscal Year Ended  December  31,  2007,  filed
           with the Commission on April 3, 2008).

4(v)*      Certificate  of Amendment to  Certificate  of Designation of Series D
           Preferred  Stock of the Company  filed with the Secretary of State of
           Nevada on December  10,  2007(Exhibit  4(v) to the  Company's  Annual
           Report on Form 10-KSB for the Fiscal Year Ended  December  31,  2007,
           filed with the Commission on April 3, 2008).

4(vi)*     Certificate of Designation of Series E Preferred Stock of the Company
           filed  with  the  Secretary  of  State  of  Nevada  on  December  10,
           2007(Exhibit  4(vi) to the Company's Annual Report on Form 10-KSB for
           the Fiscal Year Ended December 31, 2007, filed with the Commission on
           April 3, 2008).

4(vii)*    Certificate of Designation of Series F Preferred Stock of the Company
           filed  with the  Secretary  of  State of  Nevada  on April  23,  2008
           (Exhibit 4.1 to the Company's  Quarterly  Report on Form 10-Q for the
           Period Ended June 30, 2008,  filed with the  Commission on August 13,
           2008).

4(viii)*   Amendment to Certificate  of  Designation  After Issuance of Class or
           Series to change the total authorized  shares and conversion terms of
           the  Company's  Series E Preferred  Stock filed with the Secretary of
           State of Nevada  on  August  28,  2008(Exhibit  4.4 to the  Company's
           Quarterly  Report on Form 10-Q for the Period  Ended  June 30,  2008,
           filed with the Commission on August 13, 2008).

10.1*      Stock Sale and Purchase  Agreement  dated March 14, 2007, by, between
           David  Keaveney,  Kenneth Yeung and the  Company(Exhibit  10.1 to the
           Company's  Current  Report on Form 8-K filed with the  Commission  on
           March 27, 2007).

                                       26
<PAGE>
10.2*      Asset Sale and Purchase  Agreement dated July 8, 2007, by and between
           International  Building  Technologies  Co.,  Ltd.  and Suining  Yinfa
           Construction & Engineering  Co.,  Ltd.(Exhibit  10.1 to the Company's
           Current  Report on Form 8-K  filed  with the  Commission  on July 23,
           2007).

10.3*      Amendment  to Asset Sale and  Purchase  Agreement  by and between the
           Company  and  Suining  Yinfa  Construction  and  Engineering,   Ltd.,
           executed on December 5,  2007(Exhibit  10.2 to the Company's  Current
           Report on Form 8-K, filed with the Commission on April 29, 2008).

10.4*      Rescission  to the Asset Sale and  Purchase  Agreement by and between
           the Company and Suining Yinfa  Construction  and  Engineering,  Ltd.,
           executed  on April 23,  2008(Exhibit  10.1 to the  Company's  Current
           Report on Form 8-K, filed with the Commission on April 29, 2008).

10.5*      Twelve Month Convertible Note Amendment dated March 14,  2007(Exhibit
           10.2 to the  Company's  Current  Report  on Form 8-K  filed  with the
           Commission on March 27, 2007).

10.6*      Employment  Agreement between the Company and Kenneth Yeung dated May
           21, 2007,  effective May 1, 2007(Exhibit 10.8 to the Company's Annual
           Report on Form 10-KSB for the Fiscal Year Ended  December  31,  2007,
           filed with the Commission on April 3, 2008).

10.7*      Employment  Agreement  between the  Company  and Kenneth  Yeung dated
           February 1, 2010, effective May 1, 2010.

10.8*      Stock Sale and  Purchase  Agreement  by and  between  the Company and
           Wuhan Intepower Co., Ltd., executed on April 17, 2008(Exhibit 10.1 to
           the Company's  Current  Report on Form 8-K, filed with the Commission
           on April 21, 2008).

10.9*      Compensation  Agreement  between  the  Company  and Peter  Chin dated
           September 30, 2009.

14*        Code of Ethics  (Exhibit 14 to the  Company's  Annual  Report on Form
           10-KSB for the Fiscal Year Ended  December 31,  2007,  filed with the
           Commission on April 3, 2008).

21*        Subsidiaries of the Company

31.1 **    Certification under Section 302 of Sarbanes-Oxley Act of 2002

32.1 **    Certification under Section 906 of Sarbanes-Oxley Act of 2002.

----------
*  Exhibits incorporated herein by reference. File No. 0-32323.
** Filed herewith

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<PAGE>
                                   SIGNATURES

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

                                 INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.


Date: November 17, 2011          /s/ Kenneth Yeung
                                 -----------------------------------------------
                                 Kenneth Yeung
                                 President, Chief Executive Officer and Chief
                                 Financial Officer (Principal Accounting,
                                 Executive and Financial Officer)

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