UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                 ______________

                                AMENDMENT NO. 2
                                       TO
                                   FORM 10-K


(MARK ONE)
         [X]  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                 For the annual period ended December 31, 2007

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

             For the transition period from _________ to _________

                         COMMISSION FILE NO. 000-15303
                                             ---------


                                NT HOLDING CORP.
                        (Now known as HST Global, Inc.)
                 (Name of Small Business Issuer in Its Charter)



               NEVADA                                 65-1129912
  ------------------------------          ------------------------------------
 (State or other jurisdiction of          (I.R.S. Employer Identification No.)
  Incorporation or organization)

                              1325 Airmotive #175
                                Reno, NV, 89502
                                ---------------
                    (Address of principal executive offices)

                                 (775) 262-0128
                                 --------------
                (Issuer's telephone number, including area code)
       Securities Registered Pursuant to Section 12(b) of the Act: None.
                                                                   ----
       Securities Registered Pursuant to Section 12(g) of the Act: None.
                                                                   -----

     Check whether the issuer is not required to file reports pursuant to
Section 13 or 15(d) of the Exchange Act.   Yes [  ]    No [X ]

     Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the exchange Act during the past 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 [ ]


                                       1

<PAGE>
     Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this form 10-K
or any amendment to this Form 10-K. [  ]

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

Indicate by check mark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act.  Yes [   ]   No [X]

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


Large accelerated filer [  ]     Accelerated filed [  ]
Non-accelerated filer   [   ]     Smaller reporting company [X]

     The issuer's revenues for the fiscal year ended December 31, 2007 were $0

     The aggregate market value of the registrant's common stock held by
non-affiliates as of March 31, 2008 was $320,308/.15.

     State the number of shares outstanding of each of the issuer's classes of
equity securities, as of the latest practicable date:

                                                   Number of Shares Outstanding
 Title of Each Class of Equity Securities              as of March 31, 2008
 ----------------------------------------          ----------------------------
       Common Stock, $0.001 par value                      25,839,203


Documents incorporated by reference: Form 10-K for the Year Ended December
                                     31, 2007.

Transitional Small Business Disclosure Format (check one):  Yes [  ]  No [X]


                                       2

<PAGE>
                               TABLE OF CONTENTS

PART I

Item 1.  Description of Business                                               4

Item 2   Description of Properties                                             8

Item 3.  Legal Proceedings                                                     8

Item 4.   Submission of Matters to a Vote of Security Holders                  8


PART II

Item 5.   Market for Common Equity and Related Stockholder Matters             8

Item 6.   Management's Discussion and Analysis or Plan of Operation            9

Item 7.    Financial Statements                                               16

Item 8.   Changes in and Disagreements with Accountants on Accounting
              and Financial Disclosure                                        16

Item 8A. Controls and Procedures                                              17


PART III


Item 9.   Directors and Executive Officers of the Registrant                  19

Item 10.  Executive Compensation                                              20

Item 11.  Security Ownership of Certain Beneficial Owners and Management      21

Item 12.  Certain Relationships and Related Transactions                      21

Item 13.  Exhibits                                                            21

Item 14.  Principal Accountant Fees and Services                              22





                                       3

<PAGE>
     This annual report contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These include statements
about our expectations, beliefs, intentions or strategies for the future, which
we indicate by words or phrases such as "anticipate," "expect," "intend,"
"plan," "will," "we believe," "our company believes," "management believes" and
similar language. These forward-looking statements are based on our current
expectations and are subject to certain risks, uncertainties and assumptions,
including those set forth in the discussion under Item 1. Description of
Business", and Item 6. "Management's Discussion and Analysis", including under
the heading "- Risk Factors" under Item 6.  Our actual results may differ
materially from results anticipated in these forward-looking statements. We base
our forward-looking statements on information currently available to us, and we
assume no obligation to update them.  In addition, our historical financial
performance is not necessarily indicative of the results that may be expected in
the future and we believe that such comparisons cannot be relied upon as
indicators of future performance.

                                     PART I

ITEM 1.  DESCRIPTION OF BUSINESS

SUMMARY

     NT Holding Corp., (the "Company", "we", "our", "us" or "NTHH") through its
subsidiaries, invests in and operates companies in Asia that engage in the
energy and natural resources businesses.  Our headquarters are in Nevada
However, we will not restrict our search to energy and natural resources
businesses in any particular geographic location.  We have invested in and
currently operate one subsidiary:  PT Borneo Mineral Projects ("PT Borneo"), an
Indonesia company owns a right of concession on coal mines in Indonesia through
Eastbay Management Limited ("Eastbay")

HISTORY AND RECENT DEVELOPMENTS

     We were incorporated on April 11, 1984 under the laws of the State of
Delaware as CMS Advertising. On September 25, 1989 we changed our name to Unico,
Inc., and on April 25, 2002, we again changed our name to ABSS, Corp.

     On November 1, 2005, pursuant to the terms of an Agreement for Share
Exchange (the "Tagalder Share Exchange Agreement") entered into by and among us,
Alan Lew, Tagalder C3 Holdings Inc., a British Virgin Islands corporation
("Tagalder"), and the Shareholders of Tagalder (collectively the
"Shareholders"), we acquired all of the issued and outstanding common stock of
Tagalder from the Shareholders in exchange for a total of 19,946,000 shares of
our common stock (the "Tagalder Exchange Shares"). Following the issuance of the
Tagalder Exchange Shares, we had a total of 23,782,665 shares of common stock
issued and outstanding. Pursuant to the terms of the Tagalder Share Exchange
Agreement, additional consideration of $150,000 shall be paid to PNC upon the
earlier to occur of (a) successfully raising at least $150,000 from third party
investors, or (b) November 1, 2006.  As of December 31, 2006, we paid $140,000
to PNC.

     On April 7, 2006, we entered into a material definitive agreement with
Grand Canal Entertainment, Inc., a Delaware corporation ("Grand Canal") wherein
Grand Canal has agreed to purchase from us all of the outstanding ownership of
Tagalder. On October 31, 2006, we

                                       4

<PAGE>
entered into a Rescission Agreement (the "Rescission Agreement") with Grand
Canal rescinding all previous agreements between the parties.  The parties had
previously entered into two agreements: (i) an agreement on June 17, 2006
wherein the parties agreed that Grand Canal would return the interest in
Tagalder C3 Holdings to us and that us will be obligated to provide Grand Canal
with substitute consideration agreeable to Grand Canal within 60 days of the
date of the Substitution Agreement; and (ii)  an agreement on April 7, 2006,
wherein we sold all of our interest in Tagalder C3 Holdings to Grand Canal in
exchange for 39,702,080 shares of Grand Canal. Due to certain subsequent events,
the parties mutually determined that it was in the best interest of each of the
parties to execute the Rescission Agreement, rescind both of these agreements
and unwinding the deal altogether.

On September 27, 2006, we entered into a material definitive agreement with
Shanxi Linfen Lingu Coal Mine Limited ("Lingu"), a coal mining company located
in Shanxi, China. We purchased 62.5% of the equity ownership of Lingu through
Grand Canal. The total consideration to be issued by us will be 9,023,200 shares
of the common stock of Grand Canal that is owned by us in exchange for 62.5% of
the equity ownership of Lingu. The closing of the Agreement is subject to the
successful completion of due diligence by us and approval by our Board of
Directors.  As of December 31, 2006 and as of the date of this report, our board
of directors was not satisfied with the due diligence results of Lingu and the
acquisition of Lingu was not closed.  Our board of directors determined that we
will not acquire the equity interest of Lingu.

     On June 2, 2006, we completed an acquisition signed on May 10, 2006, which
through its wholly owned subsidiary Eastbay Management Limited, a British Virgin
Islands company ("Eastbay"), entered into a material definitive agreement by and
among Chris Flanagan and Michael Alsop, the major shareholders of PT Borneo
Mineral Projects and PT Borneo Mineral Projects ("PT Borneo"). PT Borneo was
formed in September 2005 in Indonesia and is in the business of coal mining and
export. It owns a right of concession on coal mines on a total area of 19,191
hectares in the territory of East Kalimantan of the Republic of Indonesia.
Pursuant to the terms of the agreement, the current shareholders of PT Borneo
will own 30% of the equity and Eastbay will acquire the remaining 70%. The
transaction was completed on June 2, 2006.

     On June 19, 2006, we entered into a Purchase and Sale Agreement with System
Wealth Limited ("System Wealth") wherein we agreed to transfer all of its
interests in Tagalder to System Wealth in exchange for $800,000 to be paid in
installments over a six month period. The loss from the operations of Tagalder
was recorded as loss from discontinued operations in the statements of
operations for both the current period and for the period ended September 30,
2005.

     On June 30, 2006, through AAMI, we closed an acquisition to acquired 58% of
the equity of Jinhai in exchange for $2,000,000, payable on or before March 15,
2007.  Jinhai is a Chinese corporation that engages in coking coal and steel
production and is located in Shanxi Province in China. Jinhai currently employs
approximately 500 employees and its production facilities occupy a landmass of
approximately 2 million square feet. The current production capability of Jinhai
reached an annual output of approximately 180,000 tons of coking coal and
200,000 tons of steel. As of May 17, 2007 we have not made the $2,000,000
payment to the shareholder of Jinhai.

     On June 6, 2007, two of the our majority shareholders, Fugu Enterprises,
Inc. ("Fugu") and TG Wanasports Management Limited "("TG Wanasports"), entered
into separate agreements with Liu Xiu Lun ("Liu"). Under the agreements, Fugu
transferred 7,941,408 shares of common stock of the Company to Liu for a
consideration of $130,320, while TG Wanasports

                                       5


<PAGE>
transferred 10,338,200 shares of common stock of the Company to Liu for a
consideration of $169,680. The transaction was completed on June 7, 2007 and
resulted in a change in control of the Company.

     On June 8, 2007, we entered into and completed a Stock Purchase Agreement
with Liang Yan Qiong to sell all of the stock in Perfect Growth Venture Corp.
("Perfect Growth"), a British Virgin Islands company wholly-owned by the Company
that holds the ownership of Jinhai and AAMI. As consideration, Mr. Liang assumed
certain liabilities and certain assets of the Company including (i) $2 million
in liabilities associated with Perfect Growth owed to the former owners of
Jinhai, and (ii) $502,156 accounts receivable (as of June 30, 2007) from System
Wealth (from sales of Shanxi Fujia).

     On June 19, 2007, Liu entered into and closed a Stock Purchase Agreement
with PNC Labs, Inc. ("PNC") to transfer 18,279,608 shares of common stock in the
Company to PNC at a consideration of $350,000 through a payment schedule
beginning June 19, 2007 and ending July 31, 2008. A change of control of the
Company occurred upon closing.

     On June 26, 2007, Mr. Chun Ka Tsun resigned as the Company's Chief
Executive Officer and as a member of the Company's Board of Directors. Also on
June 26, 2007, Mr. Woo Chi Wai resigned as a member of the Company's Board of
Directors.

     Also on June 26, 2007, Mr. Alan Lew was appointed as the new Chief
Executive Officer of the Company, and as a member of the Company's Board of
Directors.

BUSINESS OVERVIEW

     Through our wholly owned subsidiary Eastbay, we owned 70% of PT Borneo that
owns a right of concession on coal mines on a total area of 19,191 hectares in
the territory of East Kalimantan of the Republic of Indonesia.

PRODUCTION FACILITIES

     Through PT Borneo we own a right of concession on coal mines on a total
area of 19,191 hectares in the territory of East Kalimantan of the Republic of
Indonesia.  The construction of the production facilities of PT Borneo was not
completed and as of December 31, 2006 and as of the date of this report, PT
Borneo does not commence into mining operations in Indonesia.

OUR PRODUCTS

     Since PT Borneo did not commence any operations as of December 31, 2007 and
as of the date of this report, we did not offer any products to our customers
through PT Borneo.

TARGET MARKETS

     As of December 31, 2007 and as of the date of this report, PT Borneo did
not commence into any operations.  However, should PT Borneo commence mining
operations, coal produced by PT Borneo will be exported from Indonesia to South
East Asia and southern China.




                                       6


<PAGE>
COMPETITION

     The competitive environment in Indonesia for coal mining is spread between
large major coal exporters such as BP and Royal Tinto and many smaller locally
owned enterprises. BP and Royal Tinto are well capitalized to build out their
operations. The smaller coal minors are constantly looking for funding to expand
operations.  Add Indonesia

PRINCIPAL OFFICE

     Our headquarters is located at 1325 Airmotive #175, Reno, NV, 89502.

EMPLOYEES AND ORGANIZATION

     Currently we have a total of 3 employees as follows:

          Company               Position          Number
          ---------------       ----------------  ------

          NT Holding Corp       President              1


          PT Borneo          :  General Manager        1
                                Business Manager       1
                                                  ------
                                TOTAL                  3
                                                  ======

     The President of NTHH received no compensation from us during 2006 and
2007. We currently have an agreement for compensation of our chief executive,
and have no stock option plan or other equity compensation plan for our
directors and officers.

     Also, the General Manager and the Business Manger of PT Borneo received no
compensation from PT Borneo and NTHH.

PATENTS AND INTELLECTUAL PROPERTIES

     Through PT Borneo, we own a right of concession on coal mines on a total
area of 19,191 hectares in the territory of East Kalimantan of the Republic of
Indonesia.  However, this is neither a patent nor an intellectual property and
no monetary value was attached to this mining right in our balance sheets as of
December 31, 2007.

GOVERNMENT REGULATIONS

     Since PT Borneo did not commence operations as of December 31, 2007, we are
not subject to any Indonesia government regulations in the year of 2007.

BUSINESS DEVELOPMENT

     In 2008 we will continue with our construction on the production facilities
of PT Borneo.





                                       7
<PAGE>
ITEM 2  DESCRIPTION OF PROPERTIES

     Through PT Borneo we own a right of concession on coal mines in a total
area of 19,191 hectares in the territory of East Kalimantan of the Republic of
Indonesia.

ITEM 3  LEGAL PROCEEDINGS

     We are currently not involved in any litigation that we believe could have
a material adverse effect on our financial condition or results of operations.
There is no action, suit, proceeding, inquiry or investigation before or by any
court, public board, government agency, self-regulatory organization or body
pending or, to the knowledge of the executive officers of our company or any of
our subsidiaries, threatened against or affecting our company, our common stock,
any of our subsidiaries or of our Company's or our Company's subsidiaries'
officers or directors in their capacities as such, in which an adverse decision
could have a material adverse effect.

ITEM 4  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     No matter was submitted to the security holders for a vote during the
period covered by this report.
                                    PART II

ITEM 5  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

     Our common stock was quoted on the Over-the-Counter Bulletin Board
("OTCBB") under the symbol "NTHH."

     The aggregate market value of the voting and non-voting common equity held
by non-affiliates of NTHH, based upon the average bid and asked price of such
common equity on March 31, 2008 as reported by the OTC BB, was approximately
$__. This number excludes shares of common stock held by each officer and
director of our Company and by each person who owns 5% or more of the
outstanding common stock, as these persons may be deemed to be affiliates. This
determination of affiliate status is not necessarily a conclusive determination
for other purposes.

     Trading in our common stock has been limited and sporadic. The following
table shows the range of high and low bid quotations reported by the OTCBB in
each fiscal quarter from January 1, 2006 to March 31, 2008, and the subsequent
interim period. The OTCBB quotations reflect inter-dealer prices, without retail
mark-up, mark-down or commission, and may not represent actual transactions. As
of March 31, 2008, there were approximately 480 holders of record of our common
stock. This number does not include an indeterminate number of shareholders
whose shares are held by brokers in street name.

                      BID PRICES FOR THE REPORTING PERIOD
                      -----------------------------------
           Year    Period            High    Low
          -----    --------------    ----    ----

          2005     First Quarter     0.60    0.60
                   Second Quarter    1.30    0.25
                   Third Quarter     0.88    0.20
                   Fourth Quarter    0.75    0.26

                                       8

<PAGE>
          2006     First Quarter     1.19    0.21
                   Second Quarter    2.10    1.05
                   Third Quarter     2.42    0.45
                   Fourth Quarter    0.74    0.19

          2007     First Quarter     0.40    0.13
                   Second Quarter    0.07    0.04
                   Third Quarter     0.15    0.04
                   Fourth Quarter    0.07    0.03

DIVIDENDS

     We presently intend to retain future earnings, if any, to provide funds for
use in the operation and expansion of our business. Accordingly, we have not
declared or paid any dividends to our common shareholders and do not presently
intend to do so. Any future decision whether to pay dividends will depend on our
financial condition and any other factors that our Board of Directors deems
relevant.

RECENT SALES OF UNREGISTERED SECURITIES

     There have been no sales of unregistered securities during the period
covered by this report.

ITEM 6  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

     This report contains forward-looking statements within the meaning of the
federal securities laws. These include statements about our expectations,
beliefs, intentions or strategies for the future, which we indicate by words or
phrases such as "anticipate," "expect," "intend," "plan," "will," "we believe,"
"NTHH believes," "management believes" and similar language. The forward-looking
statements are based on the current expectations of NTHH and are subject to
certain risks, uncertainties and assumptions, including those set forth in the
discussion under "Description of Business" and "Management's Discussion and
Analysis or Plan of Operation". The actual results may differ materially from
results anticipated in these forward-looking statements. We base the
forward-looking statements on information currently available to us, and we
assume no obligation to update them.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

     NTHH's financial statements and related public financial information are
based on the application of accounting principles generally accepted in the
United States ("US GAAP"). US GAAP requires the use of estimates; assumptions,
judgments and subjective interpretations of accounting principles that have an
impact on the assets, liabilities, revenues and expenses amounts reported. These
estimates can also affect supplemental information contained in our external
disclosures including information regarding contingencies, risk and financial
condition. We believe our use of estimates and underlying accounting assumptions
adhere to GAAP and are consistently and conservatively applied. We base our
estimates on historical experience and on various other assumptions that we
believe to be reasonable under the circumstances. Actual results may differ
materially from these estimates under different assumptions or conditions. We
continue to monitor significant estimates made during the preparation of our
financial statements.

                                       9


<PAGE>
     Our significant accounting policies are summarized in Note 1 to our
financial statements. While all these significant accounting policies impact its
financial condition and results of operations, NTHH views certain of these
policies as critical. Policies determined to be critical are those policies that
have the most significant impact on NTHH's consolidated financial statements and
require management to use a greater degree of judgment and estimates. Actual
results may differ from those estimates. Our management believes that given
current facts and circumstances, it is unlikely that applying any other
reasonable judgments or estimate methodologies would cause an adverse effect on
our consolidated results of operations, financial position or liquidity for the
periods presented in this report.

Revenues and cost of sales

     Our revenue decreased from $9,891,094 for the year ended December 31, 2006
to $0 for the year ended December 31, 2007.  The decrease is attributable to
sale of Perfect Growth Venture Corp. to a third party as described more fully in
Note 15 to these financial statements.  Cost of sales decreased also from
$11,018,284 for year ended December 31, 2006 to $0 for the year ended December
31, 2007.

     During 2007 we incurred a gross loss of $267,585 from our operations.

Operating expenses

     For the year ended December 31, 2007 we did not incur any selling and
distribution expenses to support our operations.  Compared to the year ended
December 31, 2006, our selling and distribution expenses decreased by $18,434 or
100%.  Such decrease is attributable to sale of Perfect Growth Venture Corp. to
a third party as described more fully in Note 15 to these financial statements.

     We incurred a total of $267,585 general and administrative expenses for the
year ended December 31, 2007 as compared to $705,910 for the year ended December
31, 2006.  The general and administrative expenses of 2006 were mainly
attributable to new administrative overhead as a result of Jinhai acquisition
during 2006 and the Company did not have those expenses in 2007.

LOSS BEFORE MINORITY INTEREST

     In 2007 we reported a net income of $132,432, as compared to a net loss of
$641,843 for the year ended December 31, 2006.

DISCONTINUED OPERATIONS

     For the year ended December 31, 2007 we recorded an income from
discontinued operations in the amount of $400,017.  This included a loss from
discontinued operations of $204,813 and a gain on disposal of discontinued
operations amounted to $604,830.

COMPREHENSIVE GAIN

     In 2007 we incurred a comprehensive gain of $132,432, a reduction of a loss
of $450,652 from 2006.  Our reduction in comprehensive loss in 2007 against 2006
is mainly due to:


                                       10


<PAGE>
LIQUIDITY AND CAPITAL RESOURCES

     As of December 31, 2007 our cash balance amounted to $0

     From time to time we may require extra funding through financing activities
and investments to expand the operations of PT Borneo.  Funding is required for
construction of facilities for PT Borneo.  Also, from time to time, we may come
up with new expansion opportunities of which our management may consider seeking
external funding and financing.  As of December 31, 2007 and date of this
report, we did not have any plan for additional funding.

NEW ACCOUNTING PRONOUNCEMENTS

     The implementations of the above pronouncements are not expected to have a
significant effect on our consolidated financial statement presentation or
disclosure.

INFLATION

     Inflation has not had a material impact on our business.

RISK FACTORS

     Our business, financial condition, operating results and prospects are
subject to the following risks.  Additional risks and uncertainties not
presently foreseeable to us may also impair our business operations. If any of
the following risks actually occurs, our business, financial condition or
operating results could be materially adversely affected. In such case, the
trading price of our common stock could decline, and our stockholders may lose
all or part of their investment in the shares of our common stock.

Risks Relating to Our Company
-----------------------------

WE CANNOT ASSURE YOU THAT OUR GROWTH STRATEGY WILL BE SUCCESSFUL.

One of our growth strategies in PT Borneo's operations is to grow through
proving out the coal reserves of PT Borneo.  However, many obstacles to entering
such new markets exist, including, but not limited to, international trade and
tariff barriers, shipping and delivery costs, costs associated with marketing
efforts abroad and maintaining attractive foreign exchange ratios.  We cannot,
therefore, assure you that we will be able to successfully overcome such
obstacles and establish our products in any additional markets.  Our inability
to implement this organic growth strategy successfully may have a negative
impact on our ability to grow and on our future financial condition, results of
operations or cash flows.

WE CANNOT ASSURE YOU THAT OUR ACQUISITION GROWTH STRATEGY WILL BE SUCCESSFUL.

In addition to our organic growth strategy for PT Borneo, we also expect to grow
through strategic acquisitions.  We intend to pursue opportunities to acquire
businesses that are complementary or related to energy and natural resources.
We may not be able to locate suitable acquisition candidates at prices that we
consider appropriate or to finance acquisitions on terms that are satisfactory
to us.  If we do identify an appropriate acquisition candidate, we may not be
able to negotiate successfully the terms of an acquisition, finance the
acquisition or, if the acquisition occurs, integrate the acquired business into
our existing business.  Acquisitions of businesses or other material operations
may require debt financing or additional equity

                                       11


<PAGE>
financing, resulting in leverage or dilution of ownership.  We also may not be
able to maintain key employees or customers of an acquired business or realize
cost efficiencies or synergies or other benefits we anticipated when selecting
our acquisition candidates.  In addition, we may need to record write-downs from
future impairments of intangible assets, which could reduce our future reported
earnings.  At times, acquisition candidates may have liabilities or adverse
operating issues that we fail to discover through due diligence prior to the
acquisition.

IF WE ARE NOT ABLE TO IMPLEMENT OUR STRATEGIES IN ACHIEVING OUR BUSINESS
OBJECTIVES, OUR BUSINESS OPERATIONS AND FINANCIAL PERFORMANCE MAY BE ADVERSELY
AFFECTED.

Our business plan is based on circumstances currently prevailing and the bases
and assumptions that certain circumstances will or will not occur, as well as
the inherent risks and uncertainties involved in various stages of development.
However, there is no assurance that we will be successful in implementing our
strategies or that our strategies, even if implemented, will lead to the
successful achievement of our objectives. If we are not able to successfully
implement our strategies, our business operations and financial performance may
be adversely affected.

THE TYPE OF BUSINESS THAT MAY BE ACQUIRED IS NOT IDENTIFIED

     Our investors and stockholders have to rely on our management to determine
which target business to pursue.  There are no controlling parameters of the
business to be acquired. Thus, ultimately an investment will depend on the
target business and therefore investors in us will be subject to all the risks
that would be associated with that selected business. Our management may have
the right to approve and authorize a reverse merger transaction with a target
company without obtaining the vote of the majority of our stockholders.

INTENSE COMPETITION FROM EXISTING AND NEW ENTITIES MAY ADVERSELY AFFECT OUR
REVENUES AND PROFITABILITY.

Our subsidiary, PT Borneo, competes with other companies, many of whom are
developing or can be expected to develop products similar to ours. Although our
market is a large market with limited competitors, many of our competitors are
more established than we are, and have significantly greater financial,
technical, marketing and other resources than we presently possess. Some of our
competitors have greater name recognition and a larger customer base. These
competitors may be able to respond more quickly to new or changing opportunities
and customer requirements and may be able to undertake more extensive
promotional activities, offer more attractive terms to customers, and adopt more
aggressive pricing policies. We cannot assure you that we will be able to
compete effectively with current or future competitors or that the competitive
pressures we face will not harm our business.

THE PRODUCTS AND THE PROCESSES WE USE COULD EXPOSE US TO SUBSTANTIAL LIABILITY.

In our PT Borneo subsidiary, once we commence into operations, we face an
inherent business risk of exposure to drilling, exploration and processing of
coal and related products. To date, we have not experienced any accidents,
claims and liabilities arisen from drilling, exploration and processing of coal
and related products. However, that does not mean that we will not have any such
accidents, claims and liabilities in the future.


                                       12


<PAGE>
WE MAY NEVER PAY ANY DIVIDENDS TO OUR SHAREHOLDERS.

We did not declare any dividends for the year ended December 31, 2007. Our board
of directors does not intend to distribute dividends in the near future. The
declaration, payment and amount of any future dividends will be made at the
discretion of the board of directors, and will depend upon, among other things,
the results of our operations, cash flows and financial condition, operating and
capital requirements, and other factors that the board of directors considers
relevant. There is no assurance that future dividends will be paid, and if
dividends are paid, there is no assurance with respect to the amount of any such
dividend.

OUR OPERATIONS REQUIRE US TO COMPLY WITH A NUMBER OF U.S. AND INTERNATIONAL
REGULATIONS.

We need to comply with a number of international regulations in countries
outside of the United States. In addition, we must comply with the Foreign
Corrupt Practices Act, or FCPA, which prohibits U.S. companies or their agents
and employees from providing anything of value to a foreign official for the
purposes of influencing any act or decision of these individuals in their
official capacity to help obtain or retain business, direct business to any
person or corporate entity or obtain any unfair advantage. Any failure by us to
adopt appropriate compliance procedures and ensure that our employees and agents
comply with the FCPA and applicable laws and regulations in foreign
jurisdictions could result in substantial penalties and/or restrictions in our
ability to conduct business in certain foreign jurisdictions. The U.S.
Department of The Treasury's Office of Foreign Asset Control, or OFAC,
administers and enforces economic and trade sanctions against targeted foreign
countries, entities and individuals based on U.S. foreign policy and national
security goals. As a result, we are restricted from entering into transactions
with certain targeted foreign countries, entities and individuals except as
permitted by OFAC, which may reduce our future growth.

WE MAY INCUR SIGNIFICANT COSTS TO ENSURE COMPLIANCE WITH U.S. CORPORATE
GOVERNANCE AND ACCOUNTING REQUIREMENTS.

We may incur significant costs associated with our public company reporting
requirements, costs associated with newly applicable corporate governance
requirements, including requirements under the Sarbanes-Oxley Act of 2002 and
other rules implemented by the Securities and Exchange Commission and the
American Stock Exchange.  We expect all of these applicable rules and
regulations to increase our legal and financial compliance costs and to make
some activities more time-consuming and costly. We also expect that these
applicable rules and regulations may make it more difficult and more expensive
for us to obtain director and officer liability insurance and we may be required
to accept reduced policy limits and coverage or incur substantially higher costs
to obtain the same or similar coverage. As a result, it may be more difficult
for us to attract and retain qualified individuals to serve on our board of
directors or as executive officers. We are currently evaluating and monitoring
developments with respect to these newly applicable rules, and we cannot predict
or estimate the amount of additional costs we may incur or the timing of such
costs.






                                       13


<PAGE>
WE MAY BE REQUIRED TO RAISE ADDITIONAL FINANCING BY ISSUING NEW SECURITIES WITH
TERMS OR RIGHTS SUPERIOR TO THOSE OF OUR SHARES OF COMMON STOCK, WHICH COULD
ADVERSELY AFFECT THE MARKET PRICE OF OUR SHARES OF COMMON STOCK.

We may require additional financing to fund future operations, including
expansion in current and new markets as well as acquisition. Because of the
early stage of development of our operations and exposure to market risks
associated with economies in emerging markets, we may not be able to obtain
financing on favorable terms or at all.  If we raise additional funds by issuing
equity securities, the percentage ownership of our current shareholders will be
reduced, and the holders of the new equity securities may have rights superior
to those of the holders of shares of common stock, which could adversely affect
the market price and the voting power of shares of our common stock. If we raise
additional funds by issuing debt securities, the holders of these debt
securities would similarly have some rights senior to those of the holders of
shares of common stock, and the terms of these debt securities could impose
restrictions on operations and create a significant interest expense for us.

WE MAY HAVE DIFFICULTY RAISING NECESSARY CAPITAL TO FUND OPERATIONS AS A RESULT
OF MARKET PRICE VOLATILITY FOR OUR SHARES OF COMMON STOCK.

In recent years, the securities markets in the United States have experienced a
high level of price and volume volatility, and the market price of securities of
many companies have experienced wide fluctuations that have not necessarily been
related to the operations, performances, underlying asset values or prospects of
such companies. For these reasons, our shares of common stock can also be
expected to be subject to volatility resulting from purely market forces over
which we will have no control. If our business development plans are successful,
we may require additional financing to continue to develop and exploit existing
and new technologies and to expand into new markets. The exploitation of our
technologies may, therefore, be dependent upon our ability to obtain financing
through debt and equity or other means.

IMPRACTICABILITY OF EXHAUSTIVE INVESTIGATION

     We have limited funds and lack full-time management, which will likely make
it impracticable to conduct a complete and exhaustive investigation and analysis
of a business opportunity before we commit our limited capital and other
resources to acquire a target business. Management decisions, therefore, likely
will be made without detailed feasibility studies, independent analysis, market
surveys, and the like which, if we had more funds available to us, would be
desirable. We will be particularly dependent in making decisions upon
information provided by owner or finders associated with the business
opportunity seeking to be acquired by us.

LACK OF DIVERSIFICATION

     Because of our limited financial resources, it is unlikely that we will be
able to diversify our acquisitions or operations. The inability to diversify our
activities into more than one area will subject our investors and stockholders
to economic fluctuations within a particular business or industry and therefore
increase the risks associated with the investment.





                                       14


<PAGE>
POSSIBLE RELIANCE UPON UNAUDITED FINANCIAL STATEMENTS

     We will require audited financial statements from target companies that we
propose to acquire.  No assurance can be given, however, that audited financials
will be available at the closing of the any acquisition transaction. In cases
where audited financials are unavailable, we will have to rely upon unaudited
information received from target companies' management that has not been
verified by outside auditors.

WE MIGHT NEED TO COMPLY WITH OTHER REGULATIONS DURING FOR BUSINESS EXPANSION
THROUGH ACQUISITIONS.

     Any acquisition made by us may be of a business that is subject to
regulation or licensing by federal, state, or local authorities. Foreign
companies may also be considered, and be subject to similar business regulations
as are applicable in the United States and also may be subject to limitations on
ownership by foreign persons and entities. Compliance with such regulations and
licensing can be expected to be a time-consuming, expensive process and may
limit our other investment opportunities. We intend to pursue potential business
opportunities in foreign countries, including China, and as such, such
opportunities will be subject to foreign country laws and regulations affecting
foreign investment, business operations, currency exchange, repatriation of
profits, and taxation, which will increase the risk of your investment.

THINLY-TRADED PUBLIC MARKET

     Our securities will be very thinly traded, and the price if traded may not
reflect the value of our Company.  There can be no assurance that there will be
an active market for our shares.  The market liquidity will be dependant on the
perception of the operating business and any steps that its management might
take to bring the Company to the awareness of investors. There can be no
assurance given that there will be any awareness generated. Consequently
investors may not be able to liquidate their investment or liquidate it at a
price that reflects the value of the business. If a more active market should
develop, the price may be highly volatile. Because there may be a low price for
our securities, many brokerage firms may not be willing to effect transactions
in the securities. Even if an investor finds a broker willing to effect a
transaction in the securities, the combination of brokerage commissions,
transfer fees, taxes, if any, and any other selling costs may exceed the selling
price. Further, many lending institutions will not permit the use of such
securities as collateral for any loans.

                                       15




<PAGE>
ITEM 7  FINANCIAL STATEMENTS.

     The following financial statements required by this item are filed herewith
following the signature page to this report:


Report of Independent Registered Public Accounting Firm                     F-1

Balance Sheet as of December 31, 2007                                       F-2

Statement of Operations for the period from May 27, 2005                    F-3
(Date of inception) to December 31, 2007

Statement of Stockholders' Equity for the period from                       F-4
May 27, 2005  (Date of inception) to December 31, 2007


Statement of Cash Flows for the period from May 27, 2005                    F-5
(Date of inception) to December 31, 2007

Notes to Financial Statements                                       F-7 to F-12



ITEM 8  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE

     As approved by our Board of Directors, on March 19, 2007, the accounting
firm of Madsen & Associates CPAs, Inc. was retained by the Company; and the
Company's previous auditor, Child, Van Wagoner & Bradshaw, PLLC, was dismissed
on that same date. Child, Van Wagoner & Bradshaw, P.L.L.C.  had been appointed
on February 24, 2006 as our independent auditor.

     Our board approved to reengage Madsen to take over the audit
responsibilities from Child, Van Wagoner & Bradshaw, P.L.L.C. and Child, Van
Wagoner & Bradshaw, P.L.L.C. was dismissed on that same date. Since the
engagement of Child, Van Wagoner & Bradshaw, P.L.L.C. on February 24, 2006, we
have not consulted with Madsen, or any other auditor, regarding any accounting
or audit concerns, to include, but not by way of limitation, those stated in
Item 304(a)(2) of Regulation S-B.

     During our two most recent fiscal years and the subsequent interim period
through the date of dismissal, we have not had any disagreements with our former
or current accountants, whether resolved or not resolved, on any matter of
accounting principals or practices, financial statement disclosure, or auditing
scope or procedure, which, if not resolved to said accountants' satisfaction,
would have caused it to make reference to the subject matter of the
disagreements(s) in connection with its report.

                                       16



<PAGE>

ITEM 8(A)T. CONTROLS AND PROCEDURES.
------------------------------------

Under  the  supervision  and with the participation of our management, including
our  chief  executive  officer, we evaluated the effectiveness of the design and
operation  of  our  disclosure  controls  and  procedures  (as  defined  in Rule
13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the "Exchange
Act"))  as  of  the  end  of the period covered by this report.  Based upon that
evaluation,  our  chief executive officer concluded that our disclosure controls
and  procedures  as  of  the  end  of the period covered by this report were not
effective  such  that  the information required to be disclosed by us in reports
filed  under  the  Securities  Exchange  Act of 1934 is (i) recorded, processed,
summarized and reported within the time periods specified in the SEC's rules and
forms  and  (ii)  accumulated  and communicated to our management, including our
Chief  Executive  Officer,  as  appropriate  to allow timely decisions regarding
disclosure.  A  discussion  of  the  material  weaknesses  in  our  controls and
procedures  is  described  below.

MANAGEMENT'S ANNUAL REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING.

Our  management,  which  consists  primarily  of  Alan  Lew, president and chief
accounting officer, who is responsible for establishing and maintaining adequate
internal  control  over  financial reporting (as defined in Rule 13a-15(f) under
the  Exchange  Act).  Our internal control over financial reporting is a process
designed  to provide reasonable assurance regarding the reliability of financial
reporting  and  the preparation of financial statements for external purposes of
accounting  principles  generally  accepted  in  the  United  States.

Because  of  its inherent limitations, internal control over financial reporting
may  not  prevent  or  detect  misstatements.  Therefore,  even  those  systems
determined  to  be  effective can provide only reasonable assurance of achieving
their  control  objectives.

Our  management,  including our sole executive and accounting officer, evaluated
the  effectiveness of the Company's internal control over financial reporting as
of  December  31, 2007.  In making this assessment, our management used the COSO
framework,  an  integrated  framework  for  the  evaluation of internal controls
issued  by the Committee of Sponsoring Organizations of the Treadway Commission.
Based  on  its  evaluation,  our  management  concluded  that there are multiple
material  weaknesses  in  our  internal  control  over  financial  reporting.  A
material  weakness  is  a deficiency, or combination of control deficiencies, in
internal  control  over  financial  reporting  such  that  there is a reasonable
possibility  that  a  material  misstatement  of the Company's annual or interim
financial  statements  will  not  be  prevented  or  detected on a timely basis.


                                       17

<PAGE>
The  material  weaknesses identified are primarily due to insufficient personnel
in  the  finance  department  which results in an inability to provide effective
oversight  and  review of financial transactions with regard to accumulating and
compiling  financial  data in the preparation of financial statements.  The lack
of  sufficient personnel also results in a lack of segregation of duties and the
accounting  technical  expertise  necessary  for an effective system of internal
control.

We  have  begun  to take steps to mitigate this material weakness to the fullest
extent  possible.  As  soon  as our finances allow, we plan on hiring additional
finance  staff  and, where necessary, utilizing competent outside consultants to
provide  a  layer of review and technical expertise that is currently lacking in
our  internal  controls  over  financial  reporting.

Based on our evaluation under the frameworks described above, our management has
concluded  that  our internal control over financial reporting was not effective
as  of  December  31,  2007.

This  annual  report  does  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  this  annual  report.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING.

During the most recent quarter ended December 31, 2007, there was no change in
our internal control over financial reporting (as defined in Rule 13a-15(f) and
15d-15(f) under the Exchange Act) ) that has materially affected, or is
reasonably likely to materially affect, our internal control over financial
reporting.



                                       18


<PAGE>
                          CHANGES IN INTERNAL CONTROLS

     Our Certifying Officers have indicated that there were no significant
changes in our internal controls or other factors that could significantly
affect such controls subsequent to the date of their evaluation, and there were
no such control actions with regard to significant deficiencies and material
weaknesses.

SARBANES - OXLEY ACT 404 COMPLIANCE

     The Company anticipates that it will be fully compliant with section 404 of
the Sarbanes-Oxley Act of 2002 by the required date for non-accelerated filers
and it is in the process of reviewing its internal control systems in order to
be compliant with Section 404 of the Sarbanes Oxley Act.  However, at this time
the Company makes no representation that its systems of internal control comply
with Section 404 of the Sarbanes-Oxley Act.

                                    PART III

ITEM 9 DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

     The table below sets forth the names and ages of our current directors and
executive officers, their principal offices and positions and the date each such
person became a director or executive officer of our Company. Our executive
officers are appointed annually by the Board of Directors. Our directors serve
one year terms until their successors are elected. The executive officers serve
terms of one year or until their death, resignation or removal by the Board of
Directors. There are no family relationships between any of the directors and
executive officers. In addition, there were no arrangements or understanding
between any executive officer and any other person pursuant to which any person
was selected as an executive officer. Currently, directors are not compensated
for serving on the Board of Directors. We have not established compensation or
executive committees. Currently, our entire board of directors serves as our
audit committee. Because of the small size of the Company and the risk attendant
to a small public company, we are currently unable to attract an audit committee
financial expert to our Board of Directors.




                                       19


<PAGE>
RESIGNATION AND APPOINTMENT OF DIRECTOR

     On June 26, 2007, Mr. Chun Ka Tsun resigned as the Company's Chief
Executive Officer and as a member of the Company's Board of Directors. Also on
June 26, 2007, Mr. Woo Chi Wai resigned as a member of the Company's Board of
Directors. That same day, Mr. Alan Lew was appointed as the new Chief Executive
Officer of the Company, and as a member of the Company's Board of Directors.

     Mr. Alan Lew, age 33, is currently the President and Secretary of PNC Labs,
Inc., which was previously a subsidiary of the Company during which time Mr. Lew
served as President of the Company and as a member of the Company's Board of
Directors. PNC Labs researches, develops and markets nutraceutical products. Mr.
Lew has vast experience and contacts in the biotechnology industry. He was most
recently a clinical site manage for Pfizer, Inc., where his responsibilities
included monitoring and locating new physicians for investigative trials. Mr.
Lew has also worked for Sloan-Kettering Hospital in New York City, and for
Acorda Therapeutics.

FAMILY RELATIONSHIPS

     There are no family relationships between any of directors or executive
officers or any other director or executive officer.

INDEMNIFICATION OF DIRECTORS AND OFFICERS

     The articles of incorporation of the Company limit the liability of
directors to the maximum extent permitted by Nevada law. This limitation of
liability is subject to exceptions including intentional misconduct, obtaining
an improper personal benefit and abdication or reckless disregard of director
duties. The articles of incorporation and bylaws of the Company provide that we
may indemnify its directors, officer, employees and other agents to the fullest
extent permitted by law.  The bylaws also permit us to secure insurance on
behalf of any officer, director, employee or other agent for any liability
arising out of his or her actions in such capacity, regardless of whether the
bylaws would permit indemnification. We currently do not have such an insurance
policy.

     Insofar as indemnification for liabilities arising under the Securities Act
of 1933 may be permitted for our directors, officers and controlling 1934
persons pursuant to the foregoing provisions, or otherwise, The Company has been
advised that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable.

CODE OF ETHICS

     The Company has adopted a code of ethics, which is incorporated by
reference.


ITEM 10  EXECUTIVE COMPENSATION

     Our executive and director received no compensation from the Company for
the years ended December 31, 2006 and December 31, 2007. We currently have an
agreement for compensation of our President, and have no stock option plan or
other equity compensation plan for our employees.


                                       20



<PAGE>
ITEM 11  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND ANAGEMENT

     Mr. Alan Lew, age 33, is currently the President and Secretary of NT
Holding Corp. Mr.Lew is also President of PNC Labs, Inc., our majority
shareholder. Mr. Lew has vast experience and contacts in the biotechnology
industry. Mr. Lew has worked for Sloan-Kettering Hospital in New York City,
Pfizer, and other biotech companies.

     The following table sets forth certain information regarding beneficial
ownership of common stock as of March 31, 2008  by each person known to us to
own beneficially more than 5% of our common stock, each of our directors, each
of our named executive officers; and all executive officers and directors as a
group.

     Name              Position Held    Shares Owned        % Owned

     Alan Lew          President             134,079    less than 1%

     PNC LABS, INC.                       19,433,040          75.21%



ITEM 12  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     NIL

ITEM 13  EXHIBITS

The following exhibits are included as part of this report:


14.      Code of Ethics (1)
31.1     Sarbanes Oxley Section 302 Certification of Chief Executive Officer
31.2     Sarbanes Oxley Section 302 Certification of Chief Financial Officer
32.1     Sarbanes Oxley Section 906 Certification of Chief Executive Officer(2)
32.2     Sarbanes Oxley Section 906 Certification of Chief Financial Officer(2)
________
(1) incorporated by reference to the Company's Annual Report on Form 10-K for
the year ended December 31, 2005.
(2) incorporated by reference to the Company's Annual Report on Form 10-K for
the year ended December 31, 2007.















                                       21

<PAGE>
ITEM 14  PRINCIPAL ACCOUNTANT FEES AND SERVICES

AUDIT FEES

     For the year ended December 31, 2007 We paid our fees for our audit for the
year ended December 31, 2007 in 2008.

     We do not currently have an audit committee of the Board of Directors and
the full Board of Directors did not pass on whether any non-audit services
impacted our auditor's independence. We currently do not have any policy for
approval of audit and permitted non-audit services by our independent auditor.
We plan to appoint an audit committee of our Board of Directors and adopt
procedures for approval of audit and non-audit services.

ALL OTHER FEES

None

                                       22



<PAGE>
                                   SIGNATURES

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


Date: October 10, 2008
                                   NT HOLDING CORP.


                                   By:  /s/Ronald R. Howell
                                        -------------------
                                   Ronald R. Howell
                                   Chief Executive Officer

                                   By:  /s/Wesley D. Tate
                                        -----------------
                                   Wesley D. Tate
                                   Chief Financial Officer






                                       23
<PAGE>
Madsen & Associates CPA's, Inc.

Board of Directors
NT Holding Corp. and Subsidiaries


REPORT OF INDEPENDENT REGISTERED ACCOUNTING FIRM
------------------------------------------------

We have audited the accompanying consolidated balance sheets of NT Holding Corp.
and Subsidiaries as of December 31, 2007 and 2006 and the consolidated
statements of operations, stockholders' equity and cash flows for the years then
ended.  These consolidated financial statements are the responsibility of the
Company's management.  Our responsibility is to express an opinion on these
consolidated financial statements based on our audit.

We conducted our audit in accordance with auditing standards of the Public
Company Accounting Oversight Board ("PCAOB").  Those standards require that we
plan and perform an audit to obtain reasonable assurance whether the financial
statements are free of material misstatement. The Company is not required to
have, nor were we engaged to perform, an audit of its internal control over
financial reporting.  Our audit included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the company's internal control over financial
reporting.  Accordingly, we express no such opinion.  An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements.  An audit also includes assessing the accounting
principles used, significant estimates made by management and evaluating the
overall financial statement presentation.  We believe that our audits provide a
reasonable basis for our opinion.

In our opinion, these consolidated financial statements referred to above
present fairly, in all material aspects, the consolidated financial position of
the Company as of December 31, 2007 and 2006, and the consolidated results of
its operations and cash flows for the years then ended, in conformity with
accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern.  The Company does not have the
necessary working capital to service its debt and for its planned activity,
which raises substantial doubt about its ability to continue as a going concern.
Management's plans in regard to these matters are described in the footnotes to
the financial statements.  These financial statements do not include any
adjustments that might result from the outcome of this uncertainty.



/s/Madsen & Associates CPA's, Inc.
Madsen & Associates CPA's, Inc.
April 12, 2008
Salt Lake City, Utah

                                      F-1
<PAGE>
                       NT HOLDING CORP. AND SUBSIDIARIES

                          CONSOLIDATED BALANCE SHEETS
                           DECEMBER 31, 2007 AND 2006

                                                  December 31,
                                                  --------------    ------------
                                                           2007            2006
                                                  --------------    ------------
ASSETS
CURRENT ASSETS:
  Cash and cash equivalents                       $           -     $    38,519
  Accounts receivable                                 1,902,156       3,243,645
  Inventories                                                 -       2,899,177
  Prepayments and other receivables                           -       3,542,300
                                                  --------------    ------------
       Total Current Assets                           1,902,156       9,723,641
                                                  --------------    ------------
OTHER ASSETS:
  Property, plant and equipment                               -       4,820,376
  Construction in progress                                    -       6,569,495
       Total Other Assets                                     -      11,389,871
                                                  --------------    ------------
TOTAL ASSETS                                      $   1,902,156     $21,113,512
                                                  ==============    ============

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
  Accounts payable and accrued expenses           $     106,191     $ 6,692,621
  Other payables                                      1,700,000       4,516,603
  Due to stockholders                                    44,000          10,000
  Deferred revenue                                            -       5,321,241
  Tax payable                                                 -         271,192
  Short-term loan                                             -       1,384,911
                                                  --------------    ------------
      Total Current Liabilities                       1,850,191      18,196,568
                                                  --------------    ------------
LONG-TERM LIABILITIES
  Long-term loan                                              -         307,417
                                                  --------------    ------------
MINORITY INTEREST                                       179,402       3,314,481
                                                  --------------    ------------
TOTAL LIABILITIES                                     2,029,593      21,818,466
                                                  --------------    ------------

COMMITMENTS AND CONTINGENCIES                                 -               -
                                                  --------------    ------------
STOCKHOLDERS' EQUITY (DEFICIENCY):
  Preferred stock; 5,000,000 shares
    authorized; $.001 par value;
    0 shares issued and outstanding                           -               -
  Capital stock, $.001 par value;
    100,000,000 shares authorized;
    25,839,203 shares issued and outstanding
    at December 31, 2007 and 2006, respectively          25,839          25,839
  Additional paid-in capital                            859,061         859,061
  Accumulated (deficit)                              (1,012,337)     (1,781,025)
  Accumulated other comprehensive income                      -         191,171
                                                  --------------    ------------
       Total Stockholders' Equity (Deficiency)         (127,437)       (704,954)
                                                  --------------    ------------

TOTAL LIABILITIES AND STOCKHOLDERS'
    EQUITY/(DEFICIT)                              $   1,902,156     $21,113,512
                                                  ==============    ============

   The accompanying notes are an integral part of these financial statements.

                                      F-2
<PAGE>
                       NT HOLDING CORP. AND SUBSIDIARIES

         CONSOLDIATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
                 FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006

                                                 December 31,
                                                        2007          2006
                                                 ------------  ------------
REVENUES                                         $         -   $ 9,891,094
COST OF SALES                                              -    11,018,284
                                                 ------------  ------------
GROSS LOSS                                                 -    (1,127,190)
                                                 ------------  ------------

OPERATING EXPENSES:
    Selling and distribution expenses                      -        18,434
    General and administrative expenses              143,485       705,910
    Impairment of goodwill                                 -       564,939
                                                 ------------  ------------
TOTAL OPERATING EXPENSES                             143,485     1,289,283
                                                 ------------  ------------

(LOSS) FROM CONTINUTING OPERATIONS                  (143,485)   (2,416,473)
                                                 ------------  ------------
OTHER INCOME (EXPENSE)
    Interest income                                        -             -
    Interest expense                                       -      (153,703)
    Other                                                  -        37,010
                                                 ------------  ------------
NET OTHER INCOME (EXPENSE)                                 -      (116,693)
                                                 ------------  ------------

(LOSS) FROM CONTINUTING OPERATIONS
       BEFORE TAXES AND MINORITY INTEREST           (143,485)   (2,533,166)
PROVISION FOR INCOME TAXES                                 -       120,583

NET LOSS BEFORE MINORITY INTEREST                   (143,485)   (2,412,583)

MINORITY INTERESTS IN SUBSIDIARY                           -       831,779

DISCONTINUED OPERATIONS
    Income/(Loss) from discontinued operations       210,786       (88,035)
    Gain on disposal of subsidiary                    10,000     1,027,026
                                                 ------------  ------------
INCOME FROM DISCONTINUED OPERATIONS                  220,786       938,991
                                                 ------------  ------------

NET INCOME (LOSS)                                $    77,301   $  (641,813)
                                                 ============  ============
FOREIGN CURRENCY TRANSLATION                               -       191,171
                                                 ============  ============
COMPREHENSIVE (LOSS)                             $    77,301   $  (450,642)
                                                 ============  ============
NET (LOSS) PER SHARE:
      BASIC AND DILUTED                          $      0.00   $     (0.02)
                                                 ============  ============
WEIGHTED AVERAGE SHARES OUTSTANDING:
      BASIC AND DILUTED                           25,839,203    25,839,203
                                                 ============  ============
   The accompanying notes are an integral part of these financial statements

                                      F-3

<PAGE>



<TABLE>
<CAPTION>

                                                NT HOLDING CORP. AND SUBSIDIARIES

                                   CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIENCY)
                                            FROM JANUARY 1, 2006 TO DECEMBER 31, 2007


<S>                                 <C>     <C>      <C>         <C>      <C>       <C>           <C>            <C>

                                                                          Addit-                  Accumulated    Net
                                                                          ional                   Other          Stockholders'
                                    Preferred Stock  Capital Stock        Paid-in   Accumulated   Comprehensive  Equity
                                    Shares  Amount   Shares      Amount   Capital   (Deficit)     (Loss)         (Deficiency)
                                    ------  -------  ----------  -------  --------  ------------  ----------     -------------
 Balance-January 1, 2006                 -  $     -  25,836,203  $25,839  $859,061  $(1,139,221)  $ (82,945)     $   (337,266)

                                                                                                     82,945            82,945
 Comprehensive income:
     Net (Loss)                          -        -           -        -         -     (641,813)          -          (641,813)
     Foreign currency translation        -        -           -        -         -            -     191,171           191,171
                                    ------  -------  ----------  -------  --------  ------------  ----------     -------------
 Balance-December 31, 2006               -        -  25,836,203   25,839   859,061   (1,781,034)    191,171          (704,963)


Prior period adjustment                  -        -           -        -         -      691,396           -           691,396

 Comprehensive income:
     Net Income                          -        -           -        -         -       77,301           -            77,301
     Foreign currency translation        -        -           -        -         -            -    (191,171)         (191,171)
                                    ------  -------  ----------  -------  --------  ------------  ----------     -------------
 Balance, December 31, 2007              -  $     -  25,836,203  $25,839  $859,061  $(1,012,337)  $       -      $   (127,437)
                                    ------  -------  ----------  -------  --------  ------------  ----------     -------------
                                    ------  -------  ----------  -------  --------  ------------  ----------     -------------
<FN>

                            The accompanying notes are an integral part of these financial statements


                                                               F-4
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                       NT HOLDING CORP. AND SUBSIDIARIES
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                 FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2006

<S>                                                                    <C>             <C>
                                                                       December 31,
                                                                       --------------
                                                                                2007          2006
                                                                       --------------
CASH FLOWS FROM OPERATING ACTIVITIES:
     Net income (loss)                                                 $      77,301   $  (641,813)
     Adjustments to reconcile net loss to net cash used
          in operating activities:
             Depreciation and amortization                                         -       807,521
             Impairment of goodwill                                                -       564,939
             Common stock issued for services                                      -             -
             Minority interests                                                    -      (831,779)
             Gain from discontinued operations                              (220,786)     (938,991)
          Changes in operations assets and liabilities from disposal
             of subsidiary                                                   (32,110)            -
          Changes in assets and liabilities, net of acquisitions:
             (Increase) in accounts receivable                                     -    (3,243,645)
             Decrease in inventories                                               -       788,953
             Decrease in other receivables and prepayments                         -     1,471,452
             Increase in accounts payable and accrued expenses                98,841     1,083,535
             (Decrease) in other payables                                          -    (1,163,452)
             Increase in deferred revenues                                         -     1,411,290
             (Decrease) in tax payable                                             -       (93,080)
             (Decrease) in due to shareholder                                 44,000      (140,000)
             Net cash used in operating activities                           (32,754)     (925,070)
                                                                       --------------  ------------

CASH FLOWS FROM INVESTING ACTIVITIES:
             Increase in cash from acquisition of subsidiaries                     -       618,692
             (Decrease) in cash from disposal of subsidiaries                 (5,765)      618,692
            (Decrease) in construction in progress                                 -      (259,480)
             Purchase of property, plant and equipment                             -      (854,580)
             Net cash used in investing activities                            (5,765)      123,324
                                                                       --------------  ------------

CASH FLOWS FROM FINANCING ACTIVITIES:
             Increase in short-term loan                                           -     1,163,366
             Increase in long-term loan                                            -         7,251
             Net cash provided by financing activities                             -     1,170,617
                                                                       --------------  ------------

NET (DECREASE) IN CASH                                                       (38,519)      368,871
EFFECT OF FOREIGN EXCHANGE RATE CHANGES                                            -       191,171
CASH AT BEGINNING PERIOD                                                      38,519        97,169
CASH AT END OF PERIOD                                                  $           -   $   657,211
                                                                       --------------  ------------

SUPPLEMENTAL CASH FLOW INFORMATION:
     Cash paid for interest                                            $           -   $         -
     Cash paid for income taxes                                        $           -   $         -
                                                                       ==============  ============
     Offset of debt for warrants exercised                             $           -   $         -
                                                                       ==============  ============
     Common stock issued for liquidation of liabilities                $           -   $         -
                                                                       ==============  ============
</TABLE>

   The accompanying notes are an integral part of these financial statements

                                      F-5

<PAGE>

                       NT HOLDING CORP. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                           DECEMBER 31, 2007 AND 2006

--------------------------------------------------------------------------------
NOTE 1 - ORGANIZATION AND PRINCIPAL ACTIVITIES

The Company was incorporated on April 11, 1984 under the laws of the State of
Delaware.  Through its subsidiaries, the Company invests in and operates
companies that engage in the energy and natural resources businesses.  Currently
the Company operates one subsidiary: PT Borneo Mineral Projects ("PT Borneo"),
an Indonesia company owns a right of concession on coal mines in Indonesia
through Eastbay Management Limited ("Eastbay")

As of December 31, 2006 the Company owned 58% of the equity of Jinhai through
AAMI and 70% of PT Borneo through Eastbay.  As of December 31, 2007 the Company
owns 70% of PT Borneo through Eastbay.

The Company has made several acquisitions and disposals of various business
entities and activities.  These business activities are more fully described and
discussed in Note 3 to the financial statements.

On June 6, 2007, two of the Company's majority shareholders, Fugu Enterprises,
Inc. ("Fugu") and TG Wanasports Management Limited "("TG Wanasports"), entered
into separate agreements with Liu Xiu Lun ("Liu").  Under the agreements, Fugu
transferred 7,941,408 shares of common stock of the Company to Liu for a
consideration of $130,320, while TG Wanasports will transferred 10,338,200
shares of common stock of the Company to Liu for a consideration of $169,680.
The transaction was completed on June 7, 2007 and resulted in a change in
control of the Company.

On June 8, 2007, the Company entered into and completed a Stock Purchase
Agreement with Liang Yan Qiong to sell all of the stock in Perfect Growth
Venture Corp. ("Perfect Growth"), a British Virgin Islands company wholly-owned
by the Company that holds the ownership of Jinhai and AAMI.  As a consideration,
Mr. Liang assumed certain liabilities and certain assets of the Company
including (i) $2 million in liabilities associated with Perfect Growth owed to
the former owners of Jinhai, and (ii) $502,156 accounts receivable (as of March
31, 2007) from System Wealth (from sales of Shanxi Fujia).

On June 19, 2007, Liu entered into and closed a Stock Purchase Agreement with
PNC Labs, Inc. ("PNC") to transfer 18,279,608 shares of common stock in the
Company to PNC at a consideration of $350,000 through a payment schedule
beginning June 19, 2007 and ending July 31, 2008.  A change of control of the
Company occurred upon closing.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Economic and Political Risk

The Company's major operations during 2007 and 2006 were conducted in the
Peoples Republic of China "PRC". Accordingly, the political, economic, and legal
environments in the PRC, as well as the general state of the PRC's economy may
influence the Company's business, financial condition, and results of
operations.

The Company's major operations in the PRC were subject to special considerations
and significant risks not typically associated with companies in North America
and Western Europe. These include risks associated with, among others, the
political, economic, and legal environment.

                                      F-6



<PAGE>
The Company's results may be adversely affected by changes in governmental
policies with respect to laws and regulations, anti-inflationary measures, and
rates and methods of taxation, among other things.

(b) Plant and Equipment

Plant and equipment are carried at cost less accumulated depreciation.
Depreciation is provided over the assets estimated useful lives, ranging from
three to forty years, using the straight-line method.

The cost and related accumulated depreciation of assets sold or otherwise
retired are eliminated from the accounts and any gain or loss is included in the
statement of income. The cost of maintenance and repairs is charged to expense
as incurred, whereas significant renewals and improvements are capitalized.

(c) Accounting for the Impairment of Long-Lived Assets

The long-lived assets held and used by the Company are reviewed for impairment
whenever events or changes in circumstances indicate that the carrying amount of
assets may not be recoverable. It is reasonably possible that these assets could
become impaired as a result of technology or other industry changes.
Determination of recoverability of assts to be held and used is done by
comparing the carrying amount of an asset to future net undiscounted cash flows
to be generated by the assets. If such assets are considered to be impaired, the
impairment to be recognized is measured by the amount by which the carrying
amount of the assets exceeds the fair value of the assets. Assets to be disposed
of are reported at the lower of the carrying amount or fair value less costs to
sell.

(d) Construction in Progress

Construction in progress represents direct costs of construction or acquisition
and design fees incurred to construct plant locations for the Company.
Capitalization of these costs ceases and the construction in progress is
transferred to plant and equipment when substantially all the activities
necessary to prepare the assets for their intended use are completed. No
deprecation is provided until construction is completed and the asset is ready
for its intended use.

(e) Inventories

Inventories consisting of raw materials, work-in-progress, and finished goods
are stated at the lower of cost or net realizable value. Work-in-progress has
nothing assigned to it because of the rapid conversion time involved in
processing raw materials into finished goods.  Finished goods are comprised of
direct materials, direct labor and a portion of overhead. Cost is calculated
using a weighted average on a first-in, first-out method of accounting.

(f) Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with original
maturities of three months or less to be cash equivalents. The Company does not
maintain any bank accounts outside the PRC.

(g) Fair Value of Financial Instruments

The Company's financial instruments include cash and cash equivalents, prepaid
inventory, other receivables, accounts payable, accrued liabilities, taxes
payable, due to officers and owners, short-term loans, customer deposits
(deferred revenue). Management has estimated that the carrying amounts
approximate their fair values due to their intended short-term nature.


                                      F-7



<PAGE>
(h) Revenue Recognition

Revenues represent the invoiced value of goods sold, recognized upon the
delivery of goods to customers, less any sales discounts and allowances. Service
income is recognized when services are provided.

(i) Financial Statements Presented in United States Dollars

The accompanying financial statements are presented in United States Dollars ($)
instead of the functional currency of the Company, which is the Renminbi (RMB),
the currency used in the PRC.

(j) Retirement Benefits

The country of PRC mandates companies to contribute funds into the national
retirement system, which benefits qualified employees based on where they were
born within the country. The Company pays the required payment of qualified
employees of the Company as a payroll tax expense. Very few employees in the
Company fall under the mandatory conditions requiring the Company to pay as a
payroll tax expense into the retirement system of the PRC. The Company provides
no other retirement benefits to its employees.

(k) Use of Estimates

The presentation of financial statements in conformity with generally accepted
accounting principles 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
financial statements and reported amounts of revenues and expenses using the
best information available at the time the estimates are made; however, actual
results could differ materially from those estimates.

(l) Income Taxes

The Company recognizes deferred income tax assets or liabilities for the
expected future tax consequences of events that have been recognized in the
financial statements or income tax returns. Deferred income tax assets or
liabilities are determined based upon the difference between the financial
statement and tax bases of assets and liabilities using enacted tax rates
expected to apply when the differences are expected to be settled or realized.
Deferred income tax assets are reviewed periodically for recoverability and
valuation allowances are provided as necessary. We classify penalties and
interest as income taxes as allowed by FIN 48, "Accounting for Uncertainty in
Income Taxes."  A valuation allowance is provided for deferred tax assets if it
is more likely than not these items will either expire before the Company is
able to realize their benefits, or that future realization is uncertain.

In accordance with the relevant tax laws and regulations of the PRC, the
corporation income tax rate is 33%. of net income (profits) before income taxes.

At times generally accepted accounting principles in the United States of
America requires the Company to recognize certain income and expense that does
not conform to the timing and conditions allowed by the PRC. The Company had no
timing differences that would benefit a future period; therefore, no income tax
benefits are recognized in the financial statements.

(m) Related Parties

Parties are considered to be related to the company if the company has the
ability, directly or indirectly, to control the party, or exercise significant
influence over the party in making financial and operating decisions, or vice
versa; or where the company and the party are subject to common control or
common significance. Related parties may be individuals (being members of

                                      F-8



<PAGE>
key management personnel, significant shareholders and/or their close family
members) or other entities which are under the significant influence of related
parties of the company where those parties are individuals, and post-employment
benefit plans which are for the benefits of employees of the company or of any
entity that is a related party of the company.

(n) Concentrations of Credit Risk

Cash and cash equivalents and accounts receivable are potentially subject to
concentration of credit risk. Cash and cash equivalents are deposited with
financial institutions that management believes are of high credit quality.
(o) Foreign currency conversion

The accompanying financial statements are presented in US dollars. The
functional currency during 2007 and 2006 was the Renminbi ("RMB") of the PRC.
The financial statements are translated into US dollars from RMB at year-end
exchange rates for assets and liabilities, and weighted average exchange rates
for revenues and expenses. Capital accounts are translated at their historical
exchange rates when the capital transactions occurred.

On July 21, 2005, the PRC changed its foreign currency exchange policy from a
fixed RMB/USD exchange rate into a flexible rate under the control of the PRC's
government. The financial statements are translated into US dollars from RMB at
an exchange rate of 7.807 RMB to 1.00 US dollar for assets and liabilities,
weighted average exchange rates of 7.939 RMB to 1.00 US dollar for revenues and
expenses and capital accounts are translated at their historical exchange rates
when the capital transactions occurred. The change in conversion rate of RMB
against US dollar resulted in a gain in translation of $191,171 for the year
ended December 31, 2006.

The change in conversion rate of RMB against the US dollar resulted in a loss in
translation of $5,973, which was all     .

(p) New Accounting Pronouncements

Below is a listing of the most recent accounting standards SFAS 150-154 and
their effect on the Company.

Statement No. 150
-----------------

Accounting for Certain Financial Instruments with Characteristics of both
Liabilities and Equity (Issued 5/03)

This Statement establishes standards for how an issuer classifies and measures
certain financial instruments with characteristics of both liabilities and
equity.

Statement No. 151
-----------------

Inventory Costs-an amendment of ARB No. 43, Chapter 4 (Issued 11/04)

This statement amends the guidance in ARB No. 43, Chapter 4, Inventory Pricing,
to clarify the accounting for abnormal amounts of idle facility expense,
freight, handling costs, and wasted material (spoilage).  Paragraph 5 of ARB 43,
Chapter 4, previously stated that " under some circumstances, items such as idle
facility expense, excessive spoilage, double freight and re-handling costs may
be so abnormal ass to require treatment as current period charges ." This
Statement requires that those items be recognized as current-period charges
regardless of whether they meet the criterion of "so abnormal."  In addition,
this Statement requires that allocation of fixed production overheads to the
costs of conversion be based on the normal capacity of the production
facilities.

                                      F-9



<PAGE>
Statement No. 152
-----------------

Accounting for Real Estate Time-Sharing Transactions (an amendment of FASB
Statements No. 66 and 67)

This Statement amends FASB Statement No. 66, Accounting for Sales of Real
Estate, to reference the financial accounting and reporting guidance for real
estate time-sharing transactions that is provided in AICPA Statement of Position
(SOP) 04-2, Accounting for Real Estate Time-Sharing Transactions.

This Statement also amends FASB Statement No. 67, Accounting for Costs and
Initial Rental Operations of Real Estate Projects, states that the guidance for
(a) incidental operations and (b) costs incurred to sell real estate projects
does not apply to real estate time-sharing transactions.  The accounting for
those operations and costs is subject to the guidance in SOP 04-2.

Statement No. 153
-----------------

Exchanges of Non-monetary Assets (an amendment of APB Opinion No. 29)

The guidance in APB Opinion No. 29, Accounting for Non-monetary Transactions, is
based on the principle that exchanges of non-monetary assets should be measured
based on the fair value of the assets exchanged.  The guidance in that Opinion,
however, includes certain exceptions to the principle.  This Statement amends
Opinion 29 to eliminate the exception for non-monetary exchanges of similar
productive assts and replaces it with a general exception for exchanges of
non-monetary assets that do not have commercial substance.  A non-monetary
exchange has commercial substance if the future cash flows of the entity are
expected to change significantly as a result of the exchange.

Statement No. 154
-----------------

Accounting Changes and Error Corrections (a replacement of APB Opinion No. 20
and FASB Statement No. 3)

This Statement replaces APB Opinion No. 20, Accounting Changes, and FASB
Statement No. 3, Reporting Accounting Changes in Interim Financial Statements,
and changes the requirements for the accounting for and reporting of a change in
accounting principle. This Statement applies to all voluntary changes in
accounting principle. It also applies to changes required by an accounting
pronouncement in the unusual instance that the pronouncement does not include
specific transition provisions. When a pronouncement includes specific
transition provisions, those provisions should be followed.

Statement of Financial Accounting Standard No. 155
--------------------------------------------------

In February 2006, the FASB issued SFAS No. 155, "Accounting for Certain Hybrid
Financial Instruments", or SFAS 155, which will be effective for fiscal years
that begin after December 15, 2006. This statement amends SFAS No. 133,
Accounting for Derivative Instruments and Hedging Activities, to narrow the
scope exception for interest-only and principal-only strips on debt instruments
to include only such strips representing rights to receive a specified portion
of the contractual interest or principal cash flows. SFAS 155 also amends SFAS
140 to allow qualifying special-purpose entities to hold a passive derivative
financial instrument pertaining to beneficial interests that itself is a
derivative financial instrument. The Company does not anticipate adoption of
this standard will have a material impact on its financial statements.

Statement of Financial Accounting Standard No. 159
--------------------------------------------------

In February 2007, the FASB issued Statement of Financial Accounting Standard No.
159, "The

                                      F-10



<PAGE>
Fair Value Option for Financial Assets and Financial Liabilities-Including an
amendment of FASB Statement No. 115 ("SFAS 159").  SFAS 159 expands the use of
fair value accounting, but does not affect existing standards, which require
assets and liabilities to be carried at fair value.  Under SFAS 159, a company
may elect to use fair value to measure accounts and loans receivable,
available-for-sale and held-to-maturity securities, equity method investments,
accounts payable, guarantees, issued debt and other eligible financial
instruments.  SFAS 159 is effective for fiscal years beginning after November
15, 2007.  The Company does not anticipate adoption of this standard will have a
material impact on its financial statements.

Statement of Financial Accounting Standard No. 141
--------------------------------------------------

In December 2007, the FASB issued Statement of Financial Accounting Standard No.
141(revised 2007), "Business Combinations"("SFAS 141R").  SFAS 141R requires the
use of "full fair value" to record all the identifiable assets, liabilities,
non-controlling interests and goodwill acquired in a business combination.  SFAS
141R is effective for fiscal years beginning on or after December 15, 2008.  The
Company does not anticipate adoption of this standard will have a material
impact on its financial statements.

Statement of Financial Accounting Standard No. 160
--------------------------------------------------

In December 2007, the FASB issued Statement of Financial Accounting Standard No.
160, "Non-controlling Interest in Consolidated Financial Statements" ("SFAS
160").  SFAS 160 requires the non-controlling interests(minority interests) to
be recorded at fair value and reported as a component of equity.  SFAS 160 is
effective for fiscal years beginning on or after December 15, 2008.  The Company
does not anticipate adoption of this standard will have a material impact on its
financial statements.

The implementations of the above pronouncements are not expected to have a
material effect on the Company's financial statements.

(q) Earnings (loss) per share

Basic earning (loss) per common share is computed by dividing net loss by the
weighted average number of shares of common stock outstanding during the period.
Due to net losses, potentially dilutive securities would be antidilutive and are
therefore not included. At December 31, 2007 there were no potentially dilutive
securities outstanding.

NOTE 3 - REVERSE MERGER, ACQUISITION AND BUSINESS DISPOSAL

On November 1, 2005, pursuant to the terms of an Agreement for Share Exchange
entered into by and among the Company, Alan Lew, Tagalder, and the Shareholders
of Tagalder (the "Shareholders"), the Company acquired all of the issued and
outstanding common stock of Tagalder from the Shareholders in exchange for a
total of 19,946,000 shares of the Company's common stock. For accounting
purposes such share exchange was treated as an acquisition of NTHH by, and a
re-capitalization of, Tagalder. Tagalder is the accounting acquirer and the
results of its operations carry over. Accordingly, the operations of NTHH are
not carried over and are adjusted to $0.

Tagalder entered into an Agreement for Share Purchase dated June 26, 2005 to
purchase 100% ownership of Hopeful, which is the owner of 75% of FJCC.  Such
acquisition was accounted for in the financial statements of the Company under
purchase accounting.  On June 19, 2006, the Company entered into a Purchase and
Sale Agreement with System Wealth Limited ("System Wealth") wherein the Company
agreed to transfer all of its interests in Tagalder to System Wealth in exchange
for $800,000 to be paid in installments over a six month period.  The loss from
the operations of Tagalder was recorded as loss from discontinued operations in
the statements of operations in the period ended September 30, 2006.

                                      F-11



<PAGE>
On March 12, 2006, the Company entered into a definitive agreement with Shanxi
Jinhai Metal Group Limited ("Jinhai") in which the Company and Jinhai formed a
100% interest Sino foreign joint venture company in China under the name of
"American - Asia Metallurgical Industry Limited"("AAMI"). The Company will have
a 58% interest in Jinhai through AAMI.  On June 5, 2006, the Ministry of Foreign
Trade and Economic Cooperation ("MOFTEC") of the People's Republic of China
("China") issued a "Certificate of Approval for the Establishment of Enterprises
with Foreign Investment in the People's Republic of China" to authorize and
approve the Company's formation and ownership of AAMI.  The terms of the
Acquisition were amended on June 27, 2006 and the transaction took the form of
an acquisition by the Company through AAMI, not a joint venture as was
originally contemplated in the agreement.  On June 30, 2006, the Acquisition was
completed and closed.  The accounts of AAMI and Jinhai are consolidated into
these financial statements for the year ended December 31, 2006.

On June 8, 2007, the Company entered into and completed a Stock Purchase
Agreement with a third party individual to sell all of its equity ownership of
Perfect Growth Venture Corp., which resulted in the disposal of all operations
of Shanxi Jinhai Metal Group Limited and American - Asia Metallurgical Industry
Limited.  The events surrounding this agreement are more fully disclosed in Note
15 to these financial statements.

On April 7, 2006, the Company entered into a material definitive agreement with
Grand Canal Entertainment, Inc., a Delaware corporation ("Grand Canal") and
Grand Canal has agreed to purchase from us all of the outstanding ownership of
Tagalder.  In consideration of such purchase, Grand Canal will issue and deliver
to us 39,702,080 shares of the common stock of Grand Canal, which will be
"restricted securities" for purposes of the Securities Act of 1933. Following
the closing of this transaction, there will be a total of 45,116,000 shares of
the common stock of Grand Canal issued and outstanding, of which 88.0% will be
owned by us.  Grand Canal has no operations and is listed on the Pink Sheets.
On April 19, 2006, the Company completed this transaction with Grand Canal.  On
June 17, 2006, the Company entered into a Substitution Agreement with Grand
Canal to mutually determine that it was in the best interest of each of the
parties that Grand Canal return the interest in Tagalder C3 Holdings to the
Company and that the Company will be obligated to provide Grand Canal with
substitute consideration agreeable to Grand Canal within 60 days of the date of
the Substitution Agreement.  On September 27, 2006, the Company entered into a
material definitive agreement with Shanxi Linfen Lingu Coal Mine Limited
("Lingu"), a coal mining company located in Shanxi, China. The Company purchased
62.5% of the equity ownership of Lingu through Grand Canal.  The total
consideration to be issued by the Company will be 9,023,200 shares of the common
stock of Grand Canal that is owned by the Company in exchange for 62.5% of the
equity ownership of Lingu.  The closing of the Agreement is subject to the
successful completion of due diligence by the Company and approval by the
Company's Board of Directors.  On October 31, 2006, the Company entered into a
Rescission Agreement (the "Rescission Agreement") with Grand Canal rescinding
the previous agreements between the parties.  The parties had previously entered
into two agreements: (i) an agreement on June 17, 2006 wherein the parties
agreed that Grand Canal would return the interest in Tagalder C3 Holdings to the
Company and that the Company will be obligated to provide Grand Canal with
substitute consideration agreeable to Grand Canal within 60 days of the date of
the Substitution Agreement; and (ii)  an agreement on April 7, 2006, wherein the
Company sold all of its interest in Tagalder C3 Holdings to Grand Canal in
exchange for 39,702,080 shares of Grand Canal. Due to certain subsequent events,
the parties have mutually determined that it is in the best interest of each of
the parties to execute the Rescission Agreement, rescinding both of these
agreements and unwinding the deal altogether.  As a result of the Rescission
Agreement, NTHH shall not be responsible for providing any projects to Grand
Canal, and all ownership of Grand Canal will transfer to its original
shareholders.  As of March 31, 2007 and as of the date of this report, the board
of directors of the Company was not satisfied with the due diligence results of
Lingu and the acquisition of Lingu was not closed.  The board of directors
determined that the Company will not acquire the equity interest of Lingu.


                                      F-12



<PAGE>
On May 1, 2006 FJCC entered into and closed on a definitive agreement with
Shanxi Jinyan Coal and Chemical Company Limited ("Jinyan"), and the shareholders
of Jinyan (the "Shareholders"). Pursuant to the terms of such agreement, FJCC
acquired 51% of the issued and outstanding stock of Jinyan from the
Shareholders. Consideration to be paid by FJCC shall be a total of $5,000,000
worth of coal produced from Yong'an coal mine, of which FJCC owns drilling
rights for 12 years.  However, on May 18, 2006, all relevant parties agreed to
rescind this definitive agreement. Pursuant to the terms of such rescission, the
agreement was rescinded immediately and each of the parties was returned to the
same position as that prior to the consummation of the definitive agreement.  As
a result, no financial information of Jinyan was accounted for in the financial
statements of NTHH for the current quarter or for the year ended and as of
December 31, 2006.

On May 10, 2006, the Company through its wholly owned subsidiary Eastbay
Management Limited, a British Virgin Islands company ("Eastbay"), entered into a
material definitive agreement by and among Chris Flanagan and Michael Alsop, the
major shareholders of PT Borneo Mineral Projects and PT Borneo Mineral Projects
("PT Borneo"). PT Borneo was formed in September 2005 in Indonesia and is in the
business of coal mining and export.  It owns a right of concession on coal mines
on a total area of 19,191 hectares in the territory of East Kalimantan of the
Republic of Indonesia.  Pursuant to the terms of the agreement, the current
shareholders of PT Borneo will own 30% of the equity and Eastbay will acquire
the remaining 70%.  The transaction was completed on June 2, 2006

NOTE 4 - PREPAYMENTS AND OTHER RECEIVABLES

Prepayments of the Company are non-interest bearing advances to third parties
with no fixed payment terms and deposits paid to suppliers for purchase of
goods. Prepayments and other receivables as of December 31, 2007 and December
31, 2006 are summarized as follows:

                                               December 31,        December 31,
                                               2007                2006


Jinhai:
Advances to third parties and deposits paid    $              -    $   3,542,300
                                               ----------------    -------------
Total                                          $              -    $   3,542,300
                                               ----------------    -------------
                                               ----------------    -------------

NOTE 5 - INVENTORIES
/
Inventories consisting of raw materials, work-in-progress and finished goods are
stated at the lower of weighted average cost or market value. Inventories are
coking coals, coke and cast irons.

Inventories as of December 31, 2007 and December 31, 2006 are summarized as
follows:

                    December 31,     December 31,
                             2007             2006
                    -------------    -------------
Raw materials       $           -    $     752,875
Work in progress                -          928,888
Finished goods                  -        1,217,414
                    -------------    -------------
Total               $           -    $   2,899,177
                    -------------    -------------
                    -------------    -------------

At December 31, 2007 there are no inventories due to the disposal of Shanxi.

                                      F-13



<PAGE>

NOTE 6 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable of the Company represent amounts due to for goods and services
purchased through the normal course of business. Accounts payable and accrued
expenses were mainly generated from the consolidation of Jinhai. The breakdown
of the accounts payable and accrued expenses as of December 31, 2007 and
December 31, 2006 are as follows:

                    December 31,     December 31,
                             2007             2006
                    -------------    -------------
Accounts payable    $      26,641    $   6,344,677
Accrued expenses          147,650          347,944
                    -------------    -------------
TOTAL               $     174,291    $   6,692,621
                    -------------    -------------
                    -------------    -------------

NOTE 7 - OTHER PAYABLES

Other payables of the Company include amounts payable to the ex-shareholders' of
PT Borneo and Shanxi Jinhai for the acquisition and some non-interest bearing
short term advances from third parties and Shanxi Jinhai's stockholders. Other
payables for the period ended December 31, 2007 and 2006 are $1,700,000 and
$4,526,603.

NOTE 8 - DUE TO STOCKHOLDERS

                                December 31,        December 31,
                                         2007                2006
                                -------------       -------------
NTHH:                      $                   $
Due to PNC Labs, Inc. (1)              10,000              10,000
    Due to shareholder                100,000
                                -------------       -------------
Total NTHH                            110,000              10,000
                                -------------       -------------

TOTAL                           $     110,000       $      10,000
                                -------------       -------------
                                -------------       -------------

(1) Pursuant to the terms of the Tagalder Share Exchange Agreement, the Company
acquired all of the issued and outstanding common stock of Tagalder from the
Shareholders in exchange for a total of 19,946,000 shares of the common stock of
the Company and an additional consideration of $150,000 shall be paid to PNC
Labs, Inc. upon the earlier to occur of (a) the Company successfully raising at
least $150,000 from third party investors, or (b) November 1, 2006.

                                      F-14



<PAGE>

NOTE 9 - PROPERTY, PLANT AND EQUIPMENT

                                  December     December
                                   31, 2006      31, 2005
                                  ---------    ----------
At cost:
   Buildings                      $       -    $3,309,881
   Machinery and equipment                -     3,841,164
   Motor Vehicles                         -        38,906
   Office equipment                       -       143,263
                                  ---------    ----------
                                          -     7,333,214
                                  ---------    ----------
Less: Accumulated depreciation                          -


   Buildings                      $       -    $  702,367
   Machinery and equipment                -     1,739,629
   Motor Vehicles                         -        34,041
   Office equipment                       -        36,801
                                  ---------    ----------
                                          -     2,512,838
                                  ---------    ----------

Plant and equipment , net         $       -    $4,820,376
                                  ---------    ----------
                                  ---------    ----------

NOTE 10 - CONSTRUCTION IN PROGRESS

Construction in progress consists primarily of Shanxi Jinhai's down payments and
upfront payments paid to various vendors for technical design of the coke
manufacturing plant facilities and coke and steel production equipment. The
amount of construction in progress at December 31, 2006 is $3,868,389.

NOTE 11 - GOODWILL

PT Borneo acquisition

The accompanying condensed consolidated financial statements include the
following allocation of the acquisition cost to the net assets acquired based on
their respective fair values.

Other receivables             $1,100,000
Construction in progress          98,445
                              ----------
Total assets purchased         1,198,445
                              ----------
Accrued expenses                   5,500

Total liabilities assumed          5,500
                              ----------
Net assets                    $1,192,945
                              ----------
                              ----------
Minority interest at 30%         357,884

Net assets acquired at 70%       835,061
Total consideration paid       1,400,000

Goodwill                         564,939



                                      F-15

<PAGE>
The results of operations for PT Borneo for the period are included in the
consolidated results of operations commencing July 1, 2006.

Following the accounting policies of the Company, management tested the goodwill
recorded through the PT Borneo acquisition for impairment and determined that
the goodwill was impaired and therefore has made a charge of $564,939 as
impairment of goodwill in the statement of operation for the year ended December
31, 2006.

Shanxi Jinhai acquisition

The accompanying condensed consolidated financial statements include the
following allocation of the acquisition cost to the net assets acquired based on
their respective fair values.

Cash and bank                                    $   611,376
Other receivables                                  2,923,752
Inventories                                        3,688,130
Construction in progress                           8,022,541
Property, plant and equipment                      6,293,196
                                                 ------------
Total assets purchased                            21,538,995

Accounts payables                                $ 2,072,218
Other payables                                     2,119,259
Short term loan                                    2,548,277
Deferred revenue                                   3,909,951
Tax payable                                          364,273
Accrued expenses                                   1,204,907
Long term loan                                       300,166
                                                 ------------
Total liabilities assumed                        $12,519,051

Net assets                                       $ 9,019,944

Minority interest at 42%                           3,788,376

Net assets acquired at 58%                         5,231,568
Total considerations paid                          2,000,000

Negative goodwill                                $ 3,231,568

Negative goodwill proportionately applied to
Property, plant and equipment                    $(1,420,597)
Negative goodwill proportionately applied to
Construction in progress                          (1,810,971)

Total                                            $(3,231,568)

The results of operations for Shanxi Jinhai for the period are included in the
consolidated results of operations commencing July 1, 2006.

The following unaudited pro forma combined condensed statements of income for
the period ended December 31, 2006 have been prepared as if the acquisition had
occurred on January 1, 2006. The statements are based on accounting for the
business acquisition under purchase accounting. The pro forma information may
not be indicative of the results that actually would

                                      F-16



<PAGE>
have occurred if the merger had been in effect from and on the dates indicated
or which may be obtained in the future.


                                       Pro Forma Combined
                                       December 31, 2006
                                       ------------------
Revenue                                     $16,217,822
Gross profit                                  1,624,442
Income from operations                        1,427,364
Net income                                  $ 1,542,799

Net income per share
    Basic and diluted                       $      0.06

    Basic and diluted                        25,839,203

NOTE 12 - SHORT-TERM AND LONG-TERM LOAN

Short-term and long-term loans are obtained from third parties, which are
non-interest bearing and non-secured. The Company did not obtain new loans
during the year ended December 31, 2007. The decrease in short-term and
long-term bank loans in the amount of $ 1,692,328 is from the disposition of
Shanxi Jinhai.


NOTE 13 - TAXES PAYABLE

Effective January 1, 2007, we adopted the provisions of FASB Interpretation No.
48, Accounting for Uncertainty in Income Taxes ("FIN 48"). FIN 48 clarifies the
accounting for uncertainty in income taxes recognized in a company's financial
statements in accordance with FASB Statement No. 109, Accounting for Income
Taxes. FIN 48 requires a company to determine whether it is more likely than not
that a tax position will be sustained upon examination based upon the technical
merits of the position. If the more-likely-than-not threshold is met, a company
must measure the tax position to determine the amount to recognize in the
financial statements. The application of income tax law is inherently complex.
Laws and regulation in this area are voluminous and are often ambiguous. As
such, we are required to make many subjective assumptions and judgments
regarding the income tax exposures. Interpretations of and guidance surrounding
income tax laws and regulations change over time. As such, changes in the
subjective assumptions and judgments can materially affect amounts recognized in
the balance sheets and statements of income.

At the adoption date of January 1, 2007, we had no unrecognized tax benefit,
which would affect the effective tax rate if recognized. There has been no
significant change in the unrecognized tax benefit during the year ended
December 31, 2007.

We classify interest and penalties arising from the underpayment of income taxes
in the statement of income under general and administrative expenses. As of
December 31, 2007, we had no accrued interest or penalties related to uncertain
tax positions. The tax years 2007 and 2006 federal return remains open to
examination.

Deferred taxes are provided on a 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

                                      F-17



<PAGE>
assets and liabilities are adjusted for the effects of changes in tax laws and
rates on the date of enactment.

The provision (benefit) for income taxes for the year ended December 31, 2007
and 2006 consists of the following:

           2007   2006
          ------  ----
Federal:
Current   $   -  $   -
Deferred

State:
Current       -      -
Deferred      -      -
          ------  ----
          $   -  $   -
          ------  ----
          ------  ----

Net deferred tax assets consist of the following components as of December 31,
2007 and 2006:

                                2007        2006
                           ----------  ----------
Deferred tax assets:
Accrued expenses           $       -   $       -
Operating Loss               344,195     540,550

Deferred tax liabilities:          -           -

Valuation allowance         (560,522)   (540,550)

Net deferred tax asset     $       -   $       -

The income tax provision differs from the amount of income tax determined by
applying the U.S. federal and state income tax rate of 34% to pretax income from
continuing operations for the years ended December 31, 2007 and 2006 due to the
following:

                           2007        2006
                      ----------  ----------

Book Income/(Loss)    $(560,522)  $(540,550)
NOL Carryover                 -           -
                      ----------  ----------
Valuation allowance     560,522     540,550
                      ==========  ==========

Income Tax Expense    $       -   $       -
                      ==========  ==========

Taxes payable represents the net of profits tax payable to the PRC amounting to
$271,192  at December 31, 2006. This tax is accrued on the net profits of Shanxi
Jinhai for the year ended December 31, 2006.


                                      F-18



<PAGE>
NOTE 14 - NON-CASH INVESTING AND FINANCING ACTIVITIES

On June 30, 2006, the Company completed the acquisition of Shanxi Jinhai for
$2,000,000. The consideration has not been paid as at December 31, 2006. The
following represents the assets purchased and liabilities assumed at the
acquisition date:

Cash and bank                    $   611,376
Other receivables                  2,923,752
Inventories                        3,688,130
Construction in progress           8,022,541
Property, plant and equipment      6,293,196
                                 -----------
Total assets purchased            21,538,955
                                 -----------
Accounts payables                $ 2,072,218
Other payables                     2,119,259
Short term loan                    2,548,277
Deferred revenue                   3,909,951
Tax payable                          364,273
Accrued expenses                   1,204,907
Long term loan                       300,166
                                 -----------
Total liabilities assumed        $12,519,051
                                 -----------
Net assets                       $ 9,019,944
                                 -----------
                                 -----------

NOTE 15 - DISPOSAL OF ASSETS

On June 8, 2007, the Company entered into and completed a Stock Purchase
Agreement with a third party individual to sell out all equity ownership of
Perfect Growth Venture Corp., which resulted in the disposal of all operations
of Shanxi Jinhai Metal Group Limited and American-Asia Metallurgical Industry
Limited because the Company owned the operations of Shanxi Jinhai Metal Group
Limited and American-Asia Metallurgical Industry Limited through its ownership
on Perfect Growth Venture Corp.

As the consideration for the sales, third party individual buyer of Perfect
Growth Venture Corp. assumed certain liabilities and certain assets of the
Company including $2,000,000 in liabilities associated with Perfect Growth owed
to the former owners of Shanxi Jinhai Metal Group Limited and $502,156 accounts
receivable from System Wealth Limited (from sales of Shanxi Fujia) previously
owned by the Company.

F-19



<PAGE>
The following summarized the loss from discontinued operations of Perfect Growth
Venture Corp.:

PERFECT GROWTH VENTURE CORP.
CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

                                          From January 1, 2007 to June 8, 2007
                                          --------------------------------------
REVENUE                                   $                           5,288,050

COST OF SALES                                                         5,268,638
                                          --------------------------------------
GROSS PROFIT                                                             19,412


OPERATING EXPENSES
Selling and distribution expenses                                         1,657
General and administrative expenses                                     260,322
Finance                                                                 102,173
                                          --------------------------------------
TOTAL OPERATING EXPENSES                                                364,152

OTHER EXPENSES                                                            9,647
                                          --------------------------------------
LOSS BEFORE TAX AND MINORITY INTERESTS                                 (354,387)

PROVISION FOR TAXATION                                                    1,261
                                          --------------------------------------
LOSS FROM OPERATIONS AND
    BEFORE MINORITY INTERESTS                                          (353,126)

MINORITY INTEREST                                                       148,313
                                          --------------------------------------
NET LOSS                                  $                            (204,813)
                                          --------------------------------------
                                          --------------------------------------

Foreign currency translations loss                                       (5,973)
                                          --------------------------------------
COMPREHENSIVE LOSS                        $                            (210,786)
                                          --------------------------------------
                                          --------------------------------------

Net loss of $204,813 was removed from loss from continuing operations and before
minority interest in the consolidated statement of operations of the Company and
was recorded as loss from discontinued operations subsequent to the disposal of
Perfect Growth Venture Corp.

                                      F-20



<PAGE>
The following summarized the gain on disposal of all equity ownership of Perfect
Growth Venture Corp.:

                          PERFECT GROWTH VENTURE CORP.
                           CONSOLIDATED BALANCE SHEET

                                               As of June 8, 2007
                                               --------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents                      $             5,765
Account receivable                                         178,619
Inventories                                              3,960,186
Prepayments and other receivables                        2,834,562
                                               --------------------
Total Current Asset                                      6,979,132
                                               --------------------

Property, plant and equipment                            4,468,384
Construction in progress                                 4,085,810
                                               --------------------
TOTAL ASSETS                                            15,533,326
                                               --------------------
                                               --------------------

CURRENT LIABILITIES
Accounts payable and accrued expenses                    3,619,862
Other payables                                             296,590
Payable to ex - shareholders                             2,000,000
Accrued expenses                                           461,339
Deferred revenues                                        4,872,813
Tax payable                                                364,022
Short term loan                                          1,546,305
                                               --------------------
Total current liabilities                               13,160,931
                                               --------------------

NON - CURRENT LIABILITIES                                  307,417
MINORITY INTEREST                                        2,986,766
SHAREHOLDERS' DEFICIT
Accumulated deficit                                     (1,106,986)
Accumulated other comprehensive income                     185,198
                                               --------------------
Total Shareholders' Equity                                (921,788)


TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT             15,533,326
                                               --------------------
                                               --------------------

Based on the balance sheet of Perfect Growth Venture Corp. as of June 8, 2007:

Total net assets assumed by the buyer,
  net of $2,000,000 liabilities owed to
  the former owners of Shanxi Jinhai
  Metal Group Limited                                          $  2,064,978
Assumption of liabilities from minority interest                 (2,986,766)
Assumption of the foreign exchange
  translations through acquisition                                 (185,198)
                                                               -------------
NET LIABILITIES ASSUMED BY THE BUYER                           $ (1,106,986)
                                                               -------------
                                                               -------------

Accounts receivable from System Wealth Limited by the buyer    $    502,156
                                                               -------------
NET ASSET OBTAINED BY THE BUYER                                $    502,156
                                                               -------------
                                                               -------------
GAIN ON DISPOSAL OF PERFECT GROWTH
  VENTURE CORP. BY THE COMPANY                                 $    604,830
                                                               -------------
                                                               -------------

                                      F-21


<PAGE>
NOTE 16 - FINANCIAL CONDITION AND GOING CONCERN

The Company's financial statements have been presented on the basis that it will
continue as a going concern, which contemplates the realization of assets and
the satisfaction of liabilities in the normal course of business. The Company
incurred a net loss from continuing operations of $267,585 for the year ended
December 31, 2007 and had a net loss of $641,813 for the year ended December 31,
2006 and has an accumulated deficit of $1,648,593 at December 31, 2007. These
factors raise substantial doubt as to its ability to obtain debt and/or equity
financing and achieve profitable operations.

There are no assurances that NTHH will be able to either (1) achieve a level of
revenues adequate to generate sufficient cash flow from operations; or (2)
obtain additional financing through either private placement, public offerings
and/or bank financing necessary to support its working capital requirements. To
the extent that funds generated from operations and any private placements,
public offerings and/or bank financing are insufficient, the Company will have
to raise additional working capital. No assurance can be given that additional
financing will be available, or if available, will be on terms acceptable to
NTHH. If adequate working capital is not available NTHH may be required to
curtail its operations.



                                      F-22