**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**




**FORM
      10-KSB**




(Mark
      One)




**x**
            **ANNUAL
                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
                1934**




**For
      the fiscal year ended August 31, 2007**




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




**For
      the transition period from ___________ to ___________**




**Commission
      file number**





**GLOBAL
      TRANSPORT TECHNOLOGIES, INC.**


(Exact
      name of registrant as specified in its charter)




**Delaware**
            **TF-2357117**(State
                or other jurisdiction of incorporation or organization)
            (I.R.S.
                Employer Identification No.)





**350
                Fifth Avenue, Suite 4304, New York, NY**
            **10118**(Address
                of principal executive offices)
            (Zip
                Code)(Former
                Address)





Registrant’s
                telephone number, including area code:
            **(917)
                346-1489**




Securities
                registered under Section 12(b) of the Exchange Act:Title
                of each class
            Name
                of each exchange on which registered**None**
            **None**Securities
                registered under Section 12(g) of the Exchange Act:**Common
                Stock, par value $.001**(Title
                of class)




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 o




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-KSB or any
      amendment to this Form 10-KSB. o




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





State
      issuer’s revenues for its most recent fiscal year. $0





Aggregate
      market value of the Common Stock held by non-affiliates of the Company as of
      December 31, 2006: $0.




Number
      of
      shares of the registrant’s common stock outstanding as of December 13,
      2007:  140,000 shares of Common Stock shares










**TABLE
      OF CONTENTS**




**Part
                I**Item
                1.
            Description
                of Business.
            2Item
                2.
            Description
                of Property.
            2Item
                3.
            Legal
                Proceedings.
            2Item
                4.
            Submission
                of Matters to a Vote of Security Holders.
            2**Part
                II**Item
                5.
            Market
                for Common Equity and Related Stockholder Matters.
            3Item
                6.
            Management’s
                Discussion and Analysis or Plan of Operations.
            4Item
                7.
            Financial
                Statements.
            7Item
                8.
            Changes
                in and Disagreements With Accountants on Accounting and Financial
                Disclosure.
            18Item
                8A.
            Controls
                and Procedures.
            18Item
                8B.
            Other
                Information.
            19**Part
                III**Item
                9.
            Directors,
                Executive Officers, Promoters and Control Persons; Compliance with
                Section
                16(a) of the Exchange Act.
            19Item
                10.
            Executive
                Compensation.
            20Item
                11.
            Security
                Ownership of Certain Beneficial Owners and Management and Related
                Stockholder Matters.
            22Item
                12.
            Certain
                Relationships and Related Transactions.
            22Item
                13.
            Exhibits.
            23Item
                14.
            Principal
                Accountant Fees and Services.
            23**Signatures**
            24




1





*Except
      as otherwise required by the context, all references in this prospectus to
      "we",
      "us”, "our", or "Company" refer to the operations of Global Transport
      Technologies, Inc., a Delaware corporation.*




**Forward-Looking
      Statements and Associated Risks**




*The
      Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for
      certain forward-looking statements. Some of the statements contained in this
      annual report of the Company discuss future expectations, contain
      projections of our operations or financial condition or state other
      forward-looking information. Some statements contained in this annual report
      on
      Form 10-KSB that are not historical facts (including without limitation
      statements to the effect that we "believe," "expect," "anticipate," "plan,"
      "intend," "foresee," or other similar expressions) and are forward-looking
      statements. These forward-looking statements are based on our current
      expectations and beliefs concerning future developments and their potential
      effects on us. There can be no assurance that future developments affecting
      us
      will be those anticipated by us. All comments concerning our expectations for
      future revenue and operating results are based on our forecasts of our plan
      of
      operation and do not include the potential impact of any future acquisitions
      or
      operations. These forward-looking statements involve significant risks and
      uncertainties (some of which are beyond our control) and assumptions. Should
      one
      or more of these risks or uncertainties materialize, or should any of our
      assumptions prove incorrect, actual results may vary in material respects from
      those projected in the forward-looking statements.*




**PART
      I**


**Item
      1.**    **Description
      of Business.**




**General**




Global
      Transport Technologies, Inc. was incorporated on August 2, 2006 as One Million
      Net International, Inc., under the laws of the State of Delaware to engage
      in
      any lawful corporate undertaking, including, but not limited to, selected
      mergers and acquisitions. We have been in the developmental stage since
      inception and have no operations to date other than issuing shares to our
      original shareholder.





On
      June
      27, 2007 we changed our name to Global Transport Technologies, Inc., to better
      reflect its business plan to develop proprietary technologies for the
      inexpensive transmission of data over next generation networks.





**Patent
      and Trademarks**




We
      currently do not own any patents, trademarks or licenses of any
      kind.




**Governmental
      Regulations**




There
      are
      no governmental approvals necessary to conduct our current
      business.





**Employees**




We
      currently have no employees.





**Subsequent
      Events**





None




**Item
      2.**    **Description
      of Property.**




We
      do not
      own any real property and have no agreements to acquire any real property.
      We
      currently lease office space from a related party at 350 Madison Avenue, Suite
      4304, New York, New York 10118 for $413 per month. We do


not
      lease
      any other spaces.





**Item
      3.**    **Legal
      Proceedings.**




The
      Company is not a party to any pending or threatened legal
      proceedings.




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





None .




2





**PART
      II**




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




**Market
      Information**





Our
      Common Stock is not yet quoted on any exchange. There
      is
      no trading market for our Common Stock at present and


there
      has
      been no trading market to date. There is no assurance that a trading market
      will
      ever develop or, if such a market does develop, that it will
      continue.





**Holders**





As
      of
      December 13, 2007 in accordance with our transfer agent records, we had one
      record holder of our Common Stock, holding 140,000 shares.





**Dividends**





Holders
      of our common stock are entitled to receive dividends if, as and when declared
      by the Board of Directors out of funds legally available therefore. We have
      never declared or paid any dividends on our common stock. We intend to retain
      any future earnings for use in the operation and expansion of our business.
      Consequently, we do not anticipate paying any cash dividends on our common
      stock
      to our stockholders for the foreseeable future.





**Recent
      Sales of Unregistered Securities**




During
      2006, the Company issued 100,000 shares of common stock for a subscription
      receivable of $100 ($0.001 per share).





During
      November 2006, the Company issued 300,000 shares of common stock for $300,000
      ($1.00 per share) (See Note 3(B)).





In
      March
      2007, the Company sold 30,000 of common stock in exchange for $30,000 ($1.00
      per
      share).





On
      July
      25, 2007, the Company sold 25,000 shares of common stock in exchange for $25,000
      ($1.00 per share).




3





**Item
      6.**    **Management’s
      Discussion and Analysis or Plan of Operations.**





The
      following plan of operation provides information which management believes
      is
      relevant to an assessment and understanding of our results of operations and
      financial condition. The discussion should be read along with our financial
      statements and notes thereto. The following discussion and analysis contains
      forward-looking statements, which involve risks and uncertainties. Our actual
      results may differ significantly from the results, expectations and plans
      discussed in these forward-looking statements.




**Plan
      of Operation**





Global
      Transport Technologies Inc. is a provider of secure Multimedia Data Access
      Center (MDAC) and other applications. The company has developed several
      proprietary technologies that enable secure, efficient, and inexpensive
      transmission of data over Next Generation Networks.





The
      company’s primary initial offering is **DRS
      MDACTM (Driver Recording System),** a
      digital video camera for private and commercial vehicle use; the camera mounts
      on the vehicle windshield or dashboard. While connected to the DRS MDAC network
      the camera’s main functions are:





·
            Records
                images before/after accidents occur


·
            Online
                event transmission: transmit real time to the MDAC control
                center


·
            Automatic
                shock sensor


·
            Antitheft/security.
                Sense intruder, signal for door opening and transmit to MDAC control
                center real time images and location. The MDAC control center informs
                the
                owner and law enforcement.


·
            Call
                back function. Monitoring status and trace location of a stolen
                vehicle





The
      company expects to generate revenue from three primary sources:





*DRS
      MDAC services* :
      Global
      Transport Technologies Inc. will charge customers a flat monthly fee for each
      device, plus an additional fee for each additional requested
      feature.





*Equipment* : ***X
      Driven***  **DRS
      1100/5100** Devices.
      The company will sell the devices over national resellers networks.





*Consulting* :
      The
      company will offer consulting services for the installation and ongoing support
      of **DRS
      MDACTM** .
      The
      company will charge its customers an hourly rate for consulting
      services.





**Results
      of Operations**





***For
      the Fiscal Years Ended August 31, 2007 and 2006***





**Results
      of Operation**




We
      did
      not have any operating income from inception through August 31, 2007.From
      inception through the year ended August 31, 2007 we recognized a net loss of
      $55,968. For the year ended August 31, 2006, we recognized a net loss of $1,982.
      Expenses for the year were comprised of costs mainly associated with legal,
      accounting and office expenses.




**Professional
      Fees, General and Administrative Expenses**





Professional
      fees, general and administrative expenses increased to $ 54,351 for the
      fiscal year ended August 31, 2007 from $1,982  for
      the
      period from inception August 2, 2006 until August 31, 2006. These expenses
      represent our total operating expenses during this period. The increase in
      our
      total operating expenses was due to costs mainly associated with legal,
      accounting and office expenses.





Our
      net
      loss from operations for the period form inception August 2, 2006, until August
      31, 2006 was $1,982, as compared to net loss from operations for the fiscal
      period ending August 31, 2007 of $54,351. The increase in net loss from
      operations was due to an increase in professional fees, general and
      administrative expenses.




4




**Liquidity
      and Capital Resources**




The
      Company is currently financing its operations primarily through cash generated
      by the consulting fees it receives along with its previous financing activities.
      At August 31, 2007, the Company had cash of $16,931.




Therefore
      we have limited capital resources and will rely upon the issuance of common
      stock and additional capital contributions from shareholders to fund
      administrative expenses pending acquisition of an operating company. In the
      event such efforts are unsuccessful, contingent plans have been arranged to
      provide that our current director is to fund required future filings under
      the
      1934 Act, and existing shareholders have expressed an interest in additional
      funding if necessary to continue as a going concern.




We
      currently do not have enough cash to satisfy our minimum cash requirements
      for
      the next twelve months. As reflected in the accompanying financial statements,
      we are in the development stage with limited operations. This raises substantial
      doubt about our ability to continue as a going concern. Our ability to continue
      as a going concern is dependent on our ability to raise additional capital.
      The
      financial statements do not include any adjustments that might be necessary
      if
      we are unable to continue as a going concern.





**Critical
      Accounting Policies**





Our
      financial statements and related public financial information are based on
      the
      application of accounting principles generally accepted in the United States
      (“GAAP”). GAAP requires the use of estimates; assumptions, judgments and
      subjective interpretations of accounting principles that have an impact on
      the
      assets, liabilities, revenue, and expense 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 if 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.




Our
      significant accounting policies are summarized in Note 1 of our financial
      statements. While all these significant accounting policies impact its financial
      condition and results of operations, Equity Ventures views certain of these
      policies as critical. Policies determined to be critical are those policies
      that
      have the most significant impact on Equity Ventures’ 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
      effect on our consolidated results of operations, financial position or
      liquidity for the periods presented in this report.





**Recent
      Accounting Pronouncements**




In
      February 2006, the FASB issued SFAS No. 155, " *Accounting
      for Certain Hybrid Financial Instruments-an amendment of FASB Statements No.
      133
      and 140* ",
      to
      simplify and make more consistent the accounting for certain financial
      instruments. SFAS No. 155 amends SFAS No. 133, " *Accounting
      for Derivative Instruments and Hedging Activities* ",
      to
      permit fair value re-measurement for any hybrid financial instrument with an
      embedded derivative that otherwise would require bifurcation, provided that
      the
      whole instrument is accounted for on a fair value basis. SFAS No. 155 amends
      SFAS No. 140, " *Accounting
      for the Impairment or Disposal of Long-Lived Assets* ",
      to
      allow a qualifying special-purpose entity to hold a derivative financial
      instrument that pertains to a beneficial interest other than another derivative
      financial instrument. SFAS No. 155 applies to all financial instruments acquired
      or issued after the beginning of an entity's first fiscal year that begins
      after
      September 15, 2006, with earlier application allowed. The adoption of this
      statement is not expected to have a material effect on the Company's future
      reported financial position or results of operations.




In
      March
      2006, the FASB issued SFAS No. 156, " *Accounting
      for Servicing of Financial Assets, an amendment of FASB Statement No. 140,
      Accounting for Transfers and Servicing of Financial Assets and Extinguishments
      of Liabilities* ".
      This
      statement requires all separately recognized servicing assets and servicing
      liabilities be initially measured at fair value, if practicable, and permits
      for
      subsequent measurement using either fair value measurement with changes in
      fair
      value reflected in earnings or the amortization and impairment requirements
      of
      Statement No. 140. The subsequent measurement of separately recognized servicing
      assets and servicing liabilities at fair value eliminates the necessity for
      entities that manage the risks inherent in servicing assets and servicing
      liabilities with derivatives to qualify for hedge accounting treatment and
      eliminates the characterization of declines in fair value as impairments or
      direct write-downs. SFAS No. 156 is effective for an entity's first fiscal
      year
      beginning after September 15, 2006. The adoption of this statement is not
      expected to have a material effect on the Company's future reported financial
      position or results of operations.





In
      June
      2006, the FASB issued FASB Interpretation No. 48, *“Accounting
      for Uncertainty in Income Taxes, an interpretation of FASB Statements No.
      109”* .
      FIN 48
      clarifies the accounting for uncertainty in income taxes by prescribing a
      two-step method of first evaluating whether a tax position has met a more likely
      than not recognition threshold and second, measuring that tax position to
      determine the amount of benefit to be recognized in the financial statements.
      FIN 48 provides guidance on the presentation of such positions within a
      classified statement of financial position as well as on derecognition, interest
      and penalties, accounting in interim periods, disclosure, and transition. FIN
      48
      is effective for fiscal years beginning after December 15, 2006. The adoption
      of
      this statement is not expected to have a material effect on the Company's future
      reported financial position or results of operations.




5





In
      September 2006, the FASB issued SFAS No. 157, “ *Fair
      Value Measurements* ”.
      The
      objective of SFAS 157 is to increase consistency and comparability in fair
      value
      measurements and to expand disclosures about fair value measurements. SFAS
      157
      defines fair value, establishes a framework for measuring fair value in
      generally accepted accounting principles, and expands disclosures about fair
      value measurements. SFAS 157 applies under other accounting pronouncements
      that
      require or permit fair value measurements and does not require any new fair
      value measurements. The provisions of SFAS No. 157 are effective for fair value
      measurements made in fiscal years beginning after November 15, 2007. The
      adoption of this statement is not expected to have a material effect on the
      Company's future reported financial position or results of
      operations.




In
      September 2006, the FASB issued SFAS No. 158, “ *Employers’
      Accounting for Defined Benefit Pension and Other Postretirement Plans - an
      amendment of FASB Statements No. 87, 88, 106, and 132(R)* ”.
      This
      statement requires employers to recognize the over-funded or under-funded status
      of a defined benefit postretirement plan (other than a multiemployer plan)
      as an
      asset or liability in its statement of financial position and to recognize
      changes in that funded status in the year in which the changes occur through
      comprehensive income of a business entity or changes in unrestricted net assets
      of a not-for-profit organization. This statement also requires an employer
      to
      measure the funded status of a plan as of the date of its year-end statement
      of
      financial position, with limited exceptions. The provisions of SFAS No. 158
      are
      effective for employers with publicly traded equity securities as of the end
      of
      the fiscal year ending after December 15, 2006. The adoption of this statement
      did not have a material effect on the Company's future reported financial
      position or results of operations.





In
      February 2007, the Financial Accounting Standards Board (FASB) issued SFAS
      No.
      159, “ *The
      Fair Value Option for Financial Assets and Financial Liabilities - Including
      an
      Amendment of FASB Statement No. 115* ”.
      This
      statement permits entities to choose to measure many financial instruments
      and
      certain other items at fair value. Most of the provisions of SFAS No. 159 apply
      only to entities that elect the fair value option. However, the amendment to
      SFAS No. 115 “ *Accounting
      for Certain Investments in Debt and Equity Securities* ”
applies
      to all entities with available-for-sale and trading securities. SFAS No. 159
      is
      effective as of the beginning of an entity’s first fiscal year that begins after
      November 15, 2007. Early adoption is permitted as of the beginning of a fiscal
      year that begins on or before November 15, 2007, provided the entity also elects
      to apply the provision of SFAS No. 157, “ *Fair
      Value Measurements”.* The
      adoption of this statement is not expected to have a material effect on the
      Company's financial statements.




**Off-Balance
      Sheet Arrangements**





We
      do not
      have any off-balance sheet arrangements, financings, or other relationships
      with
      unconsolidated entities or other persons, also known as “special purpose
      entities” (SPEs).




6





**Item
      7.**    **Financial
      Statements.**




**GLOBAL
        TRANSPORT TECHNOLOGIES, INC.**
 **(F/K/A
        ONE MILLION NET INTERNATIONAL, INC.)**
 **(A
        DEVELOPMENT STAGE COMPANY)**
  **CONTENTS**
  PAGE
              8
              REPORT
                  OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMPAGE
              9
              BALANCE
                  SHEET AS OF AUGUST 31, 2007PAGE
              10
              STATEMENT
                  OF OPERATIONS FOR THE YEAR ENDED AUGUST 31, 2007, FOR THE PERIOD
                  AUGUST 2,
                  2006 (INCEPTION) TO AUGUST 31, 2006 AND FOR THE PERIOD FROM AUGUST
                  2, 2006
                  (INCEPTION) TO AUGUST 31, 2007.PAGE
              11
              STATEMENT
                  OF CHANGES IN SHAREHOLDER’S EQUITY (DEFICIT) FOR THE PERIOD FROM AUGUST 2,
                  2006 (INCEPTION) TO AUGUST 31, 2007.PAGE
              12
              STATEMENT
                  OF CASH FLOWS FOR THE YEAR ENDED AUGUST 31, 2007, FOR THE PERIOD
                  AUGUST 2,
                  2006 (INCEPTION) TO AUGUST 31, 2006 AND FOR THE PERIOD FROM AUGUST
                  2, 2006
                  (INCEPTION) TO AUGUST 31, 2007.PAGES
              13 -
                  18
              NOTES
                  TO FINANCIAL STATEMENTS.




7









8






**Global
        Transport Technologies, Inc.**
 **(f/k/a
        One Million Net International, Inc.)**
 **(A
        Development Stage Company)**
 **Balance
        Sheet**
 **August
        31, 2007**
  **ASSETS****Current
                  Assets**Cash
              
              
              16,931**Total
                  Assets**
              
              **$**
              **16,931****LIABILITIES
                  AND STOCKHOLDERS' DEFICIENCY****Current
                  Liabilities**Accounts
                  payable
              
              **$**
              435Accrued
                  Expenses
              
              
              536Loans
                  payable - related party
              
              
              9,990**Total
                  Liabilities**
              
              
              **10,961****Commitments
                  and Contingencies**Common
                  stock subject to rescission, $0.001 par value, 15,000 shares issued
                  and
                  outstanding.
              
              
              15,000**Stockholders'
                  Deficiency**Preferred
                  stock, $0.001 par value; 50,000,000 shares authorized, none issud
                  and
                  oustanding
              
              
              -Common
                  stock, $0.001 par value; 300,000 shares authorized, 125,000 issued
                  and
                  outstanding
              
              
              125Additional
                  paid-in capital
              
              
              46,913Subscription
                  receivable
              
              
              (100
              )Deficit
                  accumulated during the development stage
              
              
              (55,968
              )**Total
                  Stockholders' Deficiency**
              
              
              **(9,030**
              **)****Total
                  Liabilities and Stockholders' Deficiency**
              
              **$**
              **16,931**
 
 See
        accompanying notes to financial statements
  9
 
 **Global
        Transport Technologies, Inc.**
 **(f/k/a
        One Million Net International, Inc.)**
 **(A
        Development Stage Company)**
 **Statement
        of Operations**
 
 **For the period from**
              
              **For the period from****August 2, 2006**
              
              **August 2, 2006****For the Year Ended**
              
              **(Inception) to**
              
              **(Inception) to****August 31, 2007**
              
              **August 31, 2006**
              
              **August 31, 2007****Operating
                  Expenses**Professional
                  fees
              
              
              33,889
              
              
              -
              
              
              33,889General
                  and administrative
              
              
              20,462
              
              
              1,982
              
              
              22,444**Total
                  Operating Expenses**
              
              
              54,351
              
              
              1,982
              
              
              56,333**Loss
                  from Operations**
              
              
              (54,351
              )
              
              (1,982
              )
              
              (56,333
              )**Other
                  Income**Interest
                  Income
              
              
              1,011
              
              
              -
              
              
              1,011Interest
                  Expense
              
              
              (646
              )
              
              -
              
              
              (646
              )**Total
                  Other Income**
              
              
              365
              
              
              -
              
              
              365**LOSS
                  BEFORE PROVISION FOR INCOME TAXES**
              
              
              (53,986
              )
              
              (1,982
              )
              
              (55,968
              )Provision
                  for Income Taxes
              
              
              -
              
              
              -
              
              
              -**Net
                  Loss**
              
              **$**
              **(53,986**
              **)**
              **$**
              **(1,982**
              **)**
              **$**
              **(55,968**
              **)****Net
                  Loss Per Share - Basic and Diluted**
              
              **$**
              **(0.18**
              **)**
              **$**
              **(0.02**
              **)****Weighted
                  average number of shares outstanding during the period - basic
                  and
                  diluted**
              
              
              **297,295**
              
              
              **100,000**
 
 See
        accompanying notes to financial statements
  10
 
 **Global
        Transport Technologies, Inc.**
 **(f/k/a
        One Million Net International, Inc.)**
 **(A
        Development Stage Company)**
 **Statement
        of Stockholders' Equity (deficiency)**
 **For
        the period from August 2, 2006 (Inception) to August 31,
        2007**
 
 Preferred
                  stock
              
              Common
                  stock
              
              Additional
              
              Deficit
                accumulated during
              
              
              
              Total
                  Stockholder'spaid-in
              
              development
              
              Subscription
              
              EquityShares
              
              Amount
              
              Shares
              
              Amount
              
              capital
              
              stage
              
              Receivable
              
              (Deficiency)Balance,
                  August 2, 2006
              
              
              -
              
              $
              -
              
              
              -
              
              $
              -
              
              $
              -
              
              $
              -
              
              $
              -
              
              $
              -Common
                  stock issued to founder for cash ($0.001 per share)
              
              
              -
              
              
              -
              
              
              100,000
              
              
              100
              
              
              -
              
              
              -
              
              
              (100
              )
              
              -In-kind
                  contribution
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              16,283
              
              
              -
              
              
              -
              
              
              16,283Net
                  loss for the period from August 2. 2006 (inception) to August 31,
                  2006
              
              
              -
              
              
              -
              
              
              
              
              
              
              
              
              
              
              
              (1,982
              )
              
              
              
              
              (1,982
              )Balance,
                  August 31, 2006
              
              
              -
              
              
              -
              
              
              100,000
              
              
              100
              
              
              16,283
              
              
              (1,982
              )
              
              (100
              )
              
              14,301Common
                  Stock Issued for Cash
              
              
              -
              
              
              -
              
              
              340,000
              
              
              340
              
              
              339,660
              
              
              -
              
              
              -
              
              
              340,000Cancellation
                  and retirement of common stock
              
              
              -
              
              
              -
              
              
              (315,000
              )
              
              (315
              )
              
              (314,685
              )
              
              -
              
              
              -
              
              
              (315,000
              )In-kind
                  contribution
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              5,655
              
              
              -
              
              
              -
              
              
              5,655Net
                  loss for the year ending August 31, 2007
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              (53,986
              )
              
              -
              
              
              (53,986
              )**Balance,
                  August 31, 2007**
              
              
              **-**
              
              **$**
              **-**
              
              
              **125,000**
              
              **$**
              **125**
              
              **$**
              **46,913**
              
              **$**
              **(55,968**
              **)**
              **$**
              **(100**
              **)**
              **$**
              **(9,030**
              **)**
 
 See
        accompanying notes to financial statements
  11
 
 **Global
        Transport Technologies, Inc.**
 **(f/k/a
        One Million Net International, Inc.)**
 **(A
        Development Stage Company)**
 **Statement
        of Cash Flows**
 
 **For the Year Ended**
              
              **For the period from**
                  **August 2, 2006**
                **(Inception) to**
              
              **For the period from**
                  **August 2, 2006**
                **(Inception) to****August 31, 2007**
              
              **August 31, 2006**
              
              **August 31, 2007****Cash
                  Flows From Operating Activities:**Net
                  Loss
              
              $
              (53,986
              )
              $
              (1,982
              )
              $
              (55,968
              )Adjustments
                  to reconcile net loss to net cash used in operationsIn-kind
                  contribution
              
              
              5,655
              
              
              16,283
              
              
              21,938Changes
                  in operating assets and liabilities:Prepaid
                  expenses
              
              
              15,000
              
              
              (15,000
              )
              
              -Accrued
                  interest payable
              
              
              536
              
              
              -
              
              
              536Accounts
                  payable
              
              
              (264
              )
              
              (699
              )
              
              435**Net
                  Cash Used In Operating Activities**
              
              
              **(33,059**
              **)**
              
              **(1,398**
              **)**
              
              **(33,059**
              **)****Cash
                  Flows From Investing Activities:**Intangible
                  assets
              
              
              **-**
              
              
              **(50,000**
              **)**
              
              **-****Net
                  Cash Used in Investing Activities:**
              
              
              **-**
              
              
              **(50,000**
              **)**
              
              **-****Cash
                  Flows From Financing Activities:**Repayment
                  of loan payable - related party
              
              
              (143,331
              )
              
              -
              
              
              (143,331
              )Proceeds
                  from loan payable - related party
              
              
              -
              
              
              153,321
              
              
              153,321Cash
                  paid in connection with cancellation and retirement of common
                  stock
              
              
              (315,000
              )
              
              -
              
              
              (315,000
              )Stock
                  subject to rescission offer
              
              
              15,000
              
              
              
              
              
              15,000Stock
                  issued for cash
              
              
              55,000
              
              
              -
              
              
              55,000Proceeds
                  from collection of stock subscription
              
              
              285,000
              
              
              -
              
              
              285,000**Net
                  Cash Provided by Financing Activities**
              
              
              **(103,331**
              **)**
              
              **153,321**
              
              
              **49,990****Net
                  Increase (Decrease) in Cash**
              
              
              **(136,390**
              **)**
              
              **-**
              
              
              16,931Cash
                  at Beginning of Period
              
              
              153,321
              
              
              153,321
              
              
              -**Cash
                  at End of Period**
              
              **$**
              **16,931**
              
              **$**
              **153,321**
              
              **$**
              **16,931****Supplemental
                  disclosure of cash flow information:**Cash
                  paid for interest
              
              $
              -
              
              $
              -
              
              $
              -Cash
                  paid for taxes
              
              $
              -
              
              $
              -
              
              $
              -**Supplemental
                  disclosure of non-cash investing and financing
                  activities:**Stock
                  sold for subscription (100,000 shares)
              
              $
              -
              
              $
              100
              
              $
              100
 
 During
        2006, the Company sold 300,000 shares of common stock in exchange for a
        subscription receivable totaling $300,000.  Of the total, $300,000 was
        collected during 2007 (See Note 2(A)).
 
 See
        accompanying notes to financial statements
  12




**GLOBAL
          TRANSPORT TECHNOLOGIES, INC.**
 **(F/K/A
          ONE MILLION NET INTERNATIONAL, INC.)**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **AUGUST
          31, 2007**
  **NOTE 1**
              **SUMMARY
                  OF SIGNIFICANT ACCOUNTING POLICIES AND
                  ORGANIZATION**
 
 ***(A)
        Organization***
 
 One
        Million Net International, Inc. (a development stage company) (the "Company")
        was incorporated under the laws of the State of Delaware on August 2, 2006.
        Activities during the development stage include developing the business plan
        and
        raising capital.
 
 On
        June
        27, 2007, the Company changed its name to Global Transport Technologies,
        Inc. to
        better reflect its business plan to develop proprietary technologies for
        the
        inexpensive transmission of data over next generation networks.
 
 ***(B)
        Use of Estimates***
 
 In
        preparing financial statements in conformity with generally accepted accounting
        principles, management is required to make estimates and assumptions that
        affect
        the reported amounts of assets and liabilities and the disclosure of contingent
        assets and liabilities at the date of the financial statements and revenues
        and
        expenses during the reported period. Actual results could differ from those
        estimates.
 
 ***(C)
        Cash and Cash Equivalents***
 
 The
        Company considers all highly liquid temporary cash investments with an original
        maturity of three months or less to be cash equivalents. At August 31, 2007
        the
        Company had no cash equivalents.
 
 ***(D)
        Loss Per Share***
 
 Basic
        and
        diluted net loss per common share is computed based upon the weighted average
        common shares outstanding as defined by Financial Accounting Standards No.
        128,
“Earnings Per Share.” As of August 31, 2007 and 2006, there were no common share
        equivalents outstanding.
 
 ***(E)
        Income Taxes***
 
 The
        Company accounts for income taxes under the Statement of Financial Accounting
        Standards No. 109, “ *Accounting
        for Income Taxes* ”
(“SFAS
        109”). Under SFAS 109, deferred tax assets and liabilities are recognized for
        the future tax consequences attributable to differences between the financial
        statement carrying amounts of existing assets and liabilities and their
        respective tax bases. Deferred tax assets and liabilities are measured using
        enacted tax rates expected to apply to taxable income in the years in which
        those temporary differences are expected to be recovered or settled. Under
        SFAS
        109, the effect on deferred tax assets and liabilities of a change in tax
        rates
        is recognized in income in the period that includes the enactment
        date.
  13
  **GLOBAL
          TRANSPORT TECHNOLOGIES, INC.**
 **(F/K/A
          ONE MILLION NET INTERNATIONAL, INC.)**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **AUGUST
          31, 2007**
 As
        of
        August 31 ,
        2007,
        the Company has a net operating loss carryforward of approximately $55,968
        available to offset future taxable income through 2027. The valuation allowance
        at August 31, 2007 was $19,029. The net change in the valuation allowance
        for
        the year ended August 31, 2007 was an increase of $18,355.
 
 ***(F)
        Business Segments***
 
 The
        Company operates in one segment and therefore segment information is not
        presented.
 
 ***(G)
        Revenue Recognition***
 
 The
        Company recognized revenue on arrangements in accordance with Securities
        and
        Exchange Commission Staff Accounting Bulletin No. 101, “Revenue Recognition in
        Financial Statements” and No. 104, “Revenue Recognition”. In all cases, revenue
        is recognized only when the price is fixed and determinable, persuasive evidence
        of an arrangement exists, the service is performed and collectability of
        the
        resulting receivable is reasonably assured.
 
 ***(H)
        Recent Accounting Pronouncements***
 
 In
        February 2006, the FASB issued SFAS No. 155, " *Accounting
        for Certain Hybrid Financial Instruments-an amendment of FASB Statements
        No. 133
        and 140* ",
        to
        simplify and make more consistent the accounting for certain financial
        instruments. SFAS No. 155 amends SFAS No. 133, " *Accounting
        for Derivative Instruments and Hedging Activities* ",
        to
        permit fair value re-measurement for any hybrid financial instrument with
        an
        embedded derivative that otherwise would require bifurcation, provided that
        the
        whole instrument is accounted for on a fair value basis. SFAS No. 155 amends
        SFAS No. 140, " *Accounting
        for the Impairment or Disposal of Long-Lived Assets* ",
        to
        allow a qualifying special-purpose entity to hold a derivative financial
        instrument that pertains to a beneficial interest other than another derivative
        financial instrument. SFAS No. 155 applies to all financial instruments acquired
        or issued after the beginning of an entity's first fiscal year that begins
        after
        September 15, 2006, with earlier application allowed. The adoption of this
        statement is not expected to have a material effect on the Company's future
        reported financial position or results of operations.
  14
 **GLOBAL
          TRANSPORT TECHNOLOGIES, INC.**
 **(F/K/A
          ONE MILLION NET INTERNATIONAL, INC.)**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **AUGUST
          31, 2007**
 In
        March
        2006, the FASB issued SFAS No. 156, " *Accounting
        for Servicing of Financial Assets, an amendment of FASB Statement No. 140,
        Accounting for Transfers and Servicing of Financial Assets and Extinguishments
        of Liabilities* ".
        This
        statement requires all separately recognized servicing assets and servicing
        liabilities be initially measured at fair value, if practicable, and permits
        for
        subsequent measurement using either fair value measurement with changes in
        fair
        value reflected in earnings or the amortization and impairment requirements
        of
        Statement No. 140. The subsequent measurement of separately recognized servicing
        assets and servicing liabilities at fair value eliminates the necessity for
        entities that manage the risks inherent in servicing assets and servicing
        liabilities with derivatives to qualify for hedge accounting treatment and
        eliminates the characterization of declines in fair value as impairments
        or
        direct write-downs. SFAS No. 156 is effective for an entity's first fiscal
        year
        beginning after September 15, 2006. The adoption of this statement is not
        expected to have a material effect on the Company's future reported financial
        position or results of operations.
 
 In
        June
        2006, the FASB issued FASB Interpretation No. 48, *“Accounting
        for Uncertainty in Income Taxes, an interpretation of FASB Statements No.
        109”* .
        FIN 48
        clarifies the accounting for uncertainty in income taxes by prescribing a
        two-step method of first evaluating whether a tax position has met a more
        likely
        than not recognition threshold and second, measuring that tax position to
        determine the amount of benefit to be recognized in the financial statements.
        FIN 48 provides guidance on the presentation of such positions within a
        classified statement of financial position as well as on derecognition, interest
        and penalties, accounting in interim periods, disclosure, and transition.
        FIN 48
        is effective for fiscal years beginning after December 15, 2006. The adoption
        of
        this statement is not expected to have a material effect on the Company's
        future
        reported financial position or results of operations.
 
 In
        September 2006, the FASB issued SFAS No. 157, “ *Fair
        Value Measurements* ”.
        The
        objective of SFAS 157 is to increase consistency and comparability in fair
        value
        measurements and to expand disclosures about fair value measurements. SFAS
        157
        defines fair value, establishes a framework for measuring fair value in
        generally accepted accounting principles, and expands disclosures about fair
        value measurements. SFAS 157 applies under other accounting pronouncements
        that
        require or permit fair value measurements and does not require any new fair
        value measurements. The provisions of SFAS No. 157 are effective for fair
        value
        measurements made in fiscal years beginning after November 15, 2007. The
        adoption of this statement is not expected to have a material effect on the
        Company's future reported financial position or results of
        operations.
  In
        September 2006, the FASB issued SFAS No. 158, “ *Employers’
        Accounting for Defined Benefit Pension and Other Postretirement Plans - an
        amendment of FASB Statements No. 87, 88, 106, and 132(R)* ”.
        This
        statement requires employers to recognize the over-funded or under-funded
        status
        of a defined benefit postretirement plan (other than a multiemployer plan)
        as an
        asset or liability in its statement of financial position and to recognize
        changes in that funded status in the year in which the changes occur through
        comprehensive income of a business entity or changes in unrestricted net
        assets
        of a not-for-profit organization. This statement also requires an employer
        to
        measure the funded status of a plan as of the date of its year-end statement
        of
        financial position, with limited exceptions. The provisions of SFAS No. 158
        are
        effective for employers with publicly traded equity securities as of the
        end of
        the fiscal year ending after December 15, 2006. The adoption of this statement
        did not have a material effect on the Company's future reported financial
        position or results of operations.
  15
 **GLOBAL
          TRANSPORT TECHNOLOGIES, INC.**
 **(F/K/A
          ONE MILLION NET INTERNATIONAL, INC.)**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **AUGUST
          31, 2007**
 In
        February 2007, the Financial Accounting Standards Board (FASB) issued SFAS
        No.
        159, “ *The
        Fair Value Option for Financial Assets and Financial Liabilities - Including
        an
        Amendment of FASB Statement No. 115* ”.
        This
        statement permits entities to choose to measure many financial instruments
        and
        certain other items at fair value. Most of the provisions of SFAS No. 159
        apply
        only to entities that elect the fair value option. However, the amendment
        to
        SFAS No. 115 “ *Accounting
        for Certain Investments in Debt and Equity Securities* ”
applies
        to all entities with available-for-sale and trading securities. SFAS No.
        159 is
        effective as of the beginning of an entity’s first fiscal year that begins after
        November 15, 2007. Early adoption is permitted as of the beginning of a fiscal
        year that begins on or before November 15, 2007, provided the entity also
        elects
        to apply the provision of SFAS No. 157, “ *Fair
        Value Measurements”.* The
        adoption of this statement is not expected to have a material effect on the
        Company's financial statements.
 
 **NOTE 2**
              **SHAREHOLDER’S
                  EQUITY**
 
 ***(A)
        Common Stock Issued for Cash***
 
 During
        2006, the Company issued 100,000 shares of common stock for a subscription
        receivable of $100 ($0.001 per share).
 
 During
        November 2006, the Company issued 300,000 shares of common stock for $300,000
        ($1.00 per share) (See Note 3(B)).
 
 In
        March
        2007, the Company sold 30,000 of common stock in exchange for $30,000 ($1.00
        per
        share).
 
 On
        July
        25, 2007, the Company sold 25,000 shares of common stock in exchange for
 $25,000
        ($1.00 per share).
 
 ***(B)
        In-Kind Contribution***
 
 During
        2006, the sole shareholder of the Company paid $16,283 of operating expenses
        on
        behalf of the Company (See Note 4).
 
 During
        2007 the sole shareholder of the Company paid $5,655 of operating expenses
        on
        behalf of the Company (See Note 4).
  16
 **GLOBAL
          TRANSPORT TECHNOLOGIES, INC.**
 **(F/K/A
          ONE MILLION NET INTERNATIONAL, INC.)**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **AUGUST
          31, 2007**
 ***(C)
        Common Stock Cancelled and Retired***
 
 As
        of
        August 31, 2007, the Company repurchased and retired 315,000 shares of common
        stock for cash of $315,000.
 
 **NOTE 3**
              **COMMITMENTS
                  AND CONTINGENCIES**
 
 ***(A)
        Consulting Agreements***
  In
            December 2006, the Company entered into a development agreement with
            a
            consulting firm to develop a soup curry restaurant. The agreement calls
            for
            payments of approximately $15,500 based on contract milestones. The company
            paid
            $7,250 to the consulting firm as of August 31, 2007 and the agreement
            was
            cancelled.
  ***(B)
        Equity Subject to Rescission***
 
 During
        2007, the Company may have violated federal securities laws based on the
        rescission offer made to stockholders which was not registered under the
        Securities Act of 1933. As such, the proceeds of $15,000 from the issuance
        of
        15,000 shares of common stock through July 31, 2007 have been classified
        outside
        of equity in the balance sheet and classified as common stock subject to
        rescission .
 
 ***(C)
        Operating Lease Agreement***
 
 During
        2006, the Company entered into a lease agreement with a related party for
        a
        period of three years at a monthly cost of $413.
 
 Future
        minimum lease payments under the operating lease at August 31, 2007 consist
        of
        the following:
 
 Year
              
              Amount2008
              
              $
              4,9562009
              
              
              4,543$
              9,499
 **NOTE 4**
                **RELATED
                    PARTY TRANSACTIONS**
 The
        shareholder of the Company contributed $21,938 for expenses on behalf of
        the
        Company (See Note 2 (B)).
  17
 **GLOBAL
          TRANSPORT TECHNOLOGIES, INC.**
 **(F/K/A
          ONE MILLION NET INTERNATIONAL, INC.)**
 **(A
          DEVELOPMENT STAGE COMPANY)**
 **NOTES
          TO FINANCIAL STATEMENTS**
 **AUGUST
          31, 2007**
 During
        2006, the Company received $153,321 from a related entity. The amount is
        due on
        demand and is non-interest bearing.
 
 During
        2006, the Company entered into a three-year lease agreement for office space
        with a company related to its CEO. For the year ended August 31, 2007, the
        Company paid $4,956 to the related party.
 
 During
        2007, 2007 the Company repaid a related party loan in the amount of
        $153,321.
 
 As
        of
        November 30, 2006 the Company received $19,990 from a related party at a
        rate of
        4.5%, maturing on March 1, 2007. The note is unsecured. Of the total amount
        advanced, $10,000 plus accrued interest totaling $110 was repaid as of May
        31,
        2007. As of August 31, 2007, the note is in default.
 
 On
        December 16, 2006, the Company paid $50,000 for the exclusive world wide
        agent
        distribution rights, except for Japan, to bio-restolizer food supplement
        product
        to be developed in Thailand. As of August 31, 2007 the $50,000 was returned
        back
        to the Company and the distribution rights were cancelled.
 
 On
        December 19, 2006, the Company advanced $70,000 for the purchase of equipment.
        As of August 31, 2007 the $70,000 was returned back to the Company and the
        agreement was cancelled.
 **NOTE 5**
                  **GOING
                      CONCERN**
 As
        reflected in the accompanying financial statements, the Company is in the
        development stage with no operations and has a net loss of $55,968 for the
        period from August 2, 2006 (inception) to August 31, 2007. This raises
        substantial doubt about its ability to continue as a going concern. The ability
        of the Company to continue as a going concern is dependent on the Company’s
        ability to raise additional capital and implement its business plan. The
        financial statements do not include any adjustments that might be necessary
        if
        the Company is unable to continue as a going concern.
 
 Management
        believes that actions presently being taken to obtain additional funding
        and
        implement its strategic plans provide the opportunity for the Company to
        continue as a going concern.
  18




**Item
      8.**    **Changes
      In and Disagreements With Accountants on Accounting and Financial
      Disclosure.**





None.




**Item
      8A.**    **Controls
      and Procedures.**





**Evaluation
      of Disclosure Controls and Procedures**





Under
      the
      supervision and with the participation of our management, including our
      principal executive officer and principal financial officer, we conducted an
      evaluation of our disclosure controls and procedures, as such term is defined
      under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities
      Exchange Act of 1934, as amended (Exchange Act), as of August 31, 2007. Based
      on
      this evaluation, our principal executive officer and principal financial officer
      have concluded that our disclosure controls and procedures are effective to
      ensure that information required to be disclosed by us in the reports we file
      or
      submit under the Exchange Act is recorded, processed, summarized, and reported
      within the time periods specified in the Securities and Exchange Commission's
      rules and forms and that our disclosure and controls are designed to ensure
      that
      information required to be disclosed by us in the reports that we file or submit
      under the Exchange Act is accumulated and communicated to our management,
      including our principal executive officer and principal financial officer,
      or
      persons performing similar functions, as appropriate to allow timely decisions
      regarding required disclosure.




19




**Changes
      in Internal Controls**





There
      were no changes (including corrective actions with regard to significant
      deficiencies or material weaknesses) in our internal controls over financial
      reporting that occurred during the fourth quarter of fiscal 2007 that have
      materially affected, or are reasonably likely to materially affect, our internal
      control over financial reporting.




**Item
      8B.**    **Other
      Information.**




On
      October 26, 2007 the Company filed Form 8-K to disclose the Company’s name
      change from One Million Net International, Inc. to Global Transport
      Technologies, Inc.







**PART
      III**




**Item
      9.**    **Directors,
      Executive Officers, Promoters and Control Persons; Compliance with Section
      16(a)
      of the Exchange Act.**




The
      following table sets forth the name and age of our sole executive officer and
      director.





**Name**
            
            **Age**
            
            **Position**
            
            **Date
                of Appointment**Lord
                Dr. Masaaki Ikawa
            
            80
            
            President,
                Chief Executive Officer, Chief Financial Officer, Chairman
            
            August
                2006Mr.
                Nobuo Ikawa
            
            31
            
            Secretary,
                Director
            
            August
                2006





Set
      forth below is a brief description of the background and business experience
      of
      our sole executive officer and director for the past five years.





There
      are
      no agreements or understandings for the officer or director to resign at the
      request of another person and the above-named officer and director is not acting
      on behalf of nor will act at the direction of any other person.





Set
      forth
      below is the name of our director and officer, all positions and offices with
      the Company held, the period during which he has served as such, and the
      business experience during at least the last five years:





**Lord
      Dr. Masaaki Ikawa**





Lord
      Dr.
      Masaaki Ikawa is the President, Chief Executive Officer, Chief Financial Officer
      and a member of the Board of Directors of Caibs International Holding Inc.,
      which purchased 100,000 shares of 51141, Inc., a blank check company, Issued
      and
      outstanding common stock from Scott Raleigh, the sole officer, Director and
      shareholder of the company on April 25, 2005, pursuant to the terms of a Stock
      Purchase Agreement. Since such time Lord Dr. Masaaki Ikawa has managed all
      day
      to day operations of the entity. Lord Dr. Masaaki Ikawa is also the Chairman
      and
      President of Asia United Nation Development


Authority
      Inc. ("Asia UND"), based in Okinawa, Japan. Asia UND is a group of six companies
      with business operations in the areas of trading, technology, finance and real
      estate development in Asia, specifically Japan. In 1927 Lord Dr. Masaaki Ikawa
      graduated from Waseda University in Tokyo. In 1957, he graduated from Harvard
      Business School. He also received a Doctorate In Business Administration from
      Oxford University in 1962. Other than Caibs International Holding and Asia
      UND,
      Lord Dr. Masaaki Ikawa has never been an Officer or a Director of any company
      in
      Japan or the United States.





**Mr.
      Nobuo Ikawa**





Mr.
      Nobou
      Ikawa is the Secretary and a member of the Board of Directors of Global
      Transport Technologies, Inc. He is also a Vice President of Caibs International
      Holding, Inc. and New Power Tech, Inc. He has experience in International
      business development with Aunda Group, working specifically to help identify
      worldwide emerging markets. He has also performed work in the education sector
      for the Australian government. Mr. Ikawa has a Bachelor’s Degree in Economics
      and a Master’s Degree in Business Administration from the University of
      Canberra.




**Term
      of Office**




Our
      directors are appointed for a one-year term to hold office until the next annual
      general meeting of our shareholders or until removed from office in accordance
      with our bylaws. Our officers are appointed by our board of directors and hold
      office until removed by the board.




20




**Significant
      Employees**





None





**Family
      Relationships**





No
      family
      relationships exist among our directors or executive officers.





**Involvement
      in Certain Legal Proceedings**




To
      our
      knowledge, during the past five years, none of our directors, executive
      officers, promoters, control persons, or nominees has been:




•
            the
                subject of any bankruptcy petition filed by or against any business
                of
                which such person was a general partner or executive officer either
                at the
                time of the bankruptcy or within two years prior to that time;





•
            convicted
                in a criminal proceeding or is subject to a pending criminal proceeding
                (excluding traffic violations and other minor offenses);





•
            subject
                to any order, judgment, or decree, not subsequently reversed, suspended
                or
                vacated, of any court of competent jurisdiction, permanently or
                temporarily enjoining, barring, suspending or otherwise limiting
                his
                involvement in any type of business, securities or banking activities;
                or





•
            found
                by a court of competent jurisdiction (in a civil action), the Commission
                or the Commodity Futures Trading Commission to have violated a federal
                or
                state securities or commodities law.





**Code
      of Ethics**





None





**Compliance
      with Section 16(a) of the Exchange Act**




Section
      16(a) of the Securities Exchange Act of 1934 requires the Company's officers
      and
      directors, and persons who own more than 10 percent of a registered class of
      the
      Company's equity securities, to file reports of ownership and changes in
      ownership with the Securities and Exchange Commission (SEC). Officers,
      directors, and greater than 10 percent stockholders are required by SEC
      regulation to furnish the Company with copies of all Section 16(a) forms they
      file.





To
      the
      Company's knowledge, based solely on a review of the copies of such reports
      furnished to the Company, all reports under Section 16(a) required to be filed
      by its officers and directors and greater than ten percent beneficial owners
      were timely filed as of the date of this filing.




**Item
      10.**    **Executive
      Compensation.**




**Compensation
      of Executive Officers**




The
      following summary compensation table sets forth all compensation awarded to,
      earned by, or paid to the named executive officers paid by us during the fiscal
      years ended August 31, 2007 and 2006 in all capacities for the accounts of
      our
      executives, including the Chief Executive Officer (CEO) and Chief Financial
      Officer (CFO):





21




**SUMMARY
      COMPENSATION TABLE**





**Name
                and**
              **Principal
                Position**
            
            **Year**
            
            **Salary**
              **($)**
            
            **Bonus**
              **($)**
            
            **Stock
                Awards**
              **($)**
            
            **Option
                Awards**
              **($)**
            
            **Non-Equity
                Incentive**
              **Plan
                Compensation ($)**
            
            **Non-**
              **Qualified**
              **Deferred
                Compensation Earnings**
              **($)**
            
            **All
                Other Compensation**
              **($)**
            
            **Totals**
              **($)****Lord
                Dr. Masaaki Ikawa**
              President,
                Chief
            
            
            2007
            
            $
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            (0
            )
            $
            0Executive
                Officer,
            
            
            2006
            
            $
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            (0
            )
            $
            0Chief
                Financial Officer**Mr.
                Nobuo Ikawa**
              Secretary,
                Director
            
            
            2007
            
            $
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            02006
            
            $
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0
            
            
            0




**Outstanding
      Equity Awards at Fiscal Year-End Table.** There
      were no individual grants of stock options to purchase our common stock made
      to
      the named executive officers in the Summary Compensation Table during the fiscal
      year ended August 31, 2007, and the subsequent period up to the date of the
      filing of this prospectus.




**Employment
      Agreements**




None.




22




**Compensation
      of Directors**




For
      the
      fiscal year ended August 31, 2007, we did not compensate our directors for
      their
      services.




**Item
      11.**    **Security
      Ownership of Certain Beneficial Owners and Management and Related Stockholder
      Matters.**




The
      following table sets forth certain information regarding the ownership of our
      capital stock, as of December 13, 2007, for: (i) each director; (ii) each person
      who is known to us to be the beneficial owner of more than 5%of our outstanding
      common stock; (iii) each of our executive officers named in the Summary
      Compensation Table; and (iv) all of our current executive officers and directors
      of as a group. Except as otherwise indicated in the footnotes, all information
      with respect to share ownership and voting and investment power has been
      furnished to us by the persons listed. Except as otherwise indicated in the
      footnotes, each person listed has sole voting power with respect to the shares
      shown as beneficially owned.





**Title of Class**
            
            **Name and Address of Beneficial**
              **Owner**
            
            **Amount and Nature of Beneficial**
              **Ownership**
            
            **Percent of Class****(2)**Common
                Stock
            
            
            **Lord
                Dr. Masaaki Ikawa**
            
            
            50,000
            
            
            35
            %Common
                Stock
            
            
            **Mr.
                Nobuo Ikawa**
            
            
            50,000
            
            
            35
            %**Common
                Stock**
            
            
            **All
                officers and directors as a group (1 in number**)****
            
            
            **100,000**
            
            
            **71**
            **%**





(1) The
      person listed is an officer and/or director of the Company and the address
      for
      each beneficial owner is 350
      Fifth
      Avenue, Suite 4304, New York, NY 10118.





(2) Based on
      140,000 shares of Common Stock issued and outstanding December 13 ,
      2007.




**Item
      12.**    **Certain
      Relationships and Related Transactions.**





None.





23




**Item
      13.**    **Exhibits.**





**Exhibit No.**
            
            **Title
                of Document**
            
            **Location**3.1.1
            
            Articles
                of Incorporation
            
            Incorporated
                by reference to exhibit 3.1 on Form 10-SB filed on November 3, 2006
                (File
                no: 000-52295)3.1.2
            
            Amendment
                to Articles of Incorporation
            
            Incorporated
                by reference to exhibit 3.1 on Form 8-K filed on October 26, 2007
                (File
                no: 000-52295)3.2
            
            Bylaws
            
            Incorporated
                by reference to exhibit 3.2 on Form 10-SB filed November 3, 2006
                (File no:
                000-52295)31.1
            
            Certification
                of Chief Executive Officer Pursuant to Rule 13a-14(a) of the
                Securities Exchange Act of 1934
            
            Filed
                herewith32.1
            
            Certification
                of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as
                adopted
                pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
            
            Filed
                herewith




**Item
      14.**    **Principal
      Accounting Fees and Services.**




**Audit
      Fees**




For
      our
      fiscal year ended August 31, 2007, we were billed approximately $12,939 for
      professional services rendered for the audit and reviews of our financial
      statements. For our fiscal year ended August 31, 2006, we were billed
      approximately $0 for professional services rendered for the audit and reviews
      of
      our financial statements.





Our
      Board
      of Directors has adopted a procedure for pre-approval of all fees charged by
      the
      our independent auditors. Under the procedure, the Board approves the engagement
      letter with respect to audit, tax and review services. Other fees are subject
      to
      pre-approval by the Board, or, in the period between meetings, by a designated
      member of Board. Any such approval by the designated member is disclosed to
      the
      entire Board at the next meeting. The audit and tax fees paid to the auditors
      with respect to fiscal year 2006 were pre-approved by the entire Board of
      Directors.





**Other
      Audit Related Fees**





For
        our
        fiscal year ended August 31, 2007, and August 31, 2006, we were billed
        $0.




**Tax
      Fees**




For
      our
      fiscal years ended August 31, 2007 and 2006, we were not billed for professional
      services rendered for tax compliance, tax advice, and tax planning.




**All
      Other Fees**




The
      Company did not incur any other fees related to services rendered by our
      principal accountant for the fiscal years ended August 31, 2007 and
      2006.





24




**SIGNATURES**




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




**GLOBAL
                TRANSPORT TECHNOLOGIES, INC.**By:
            */**s/**Lord
                Dr. Masaaki Ikawa*Lord
                Dr. Masaaki IkawaPresident,
                Chief Executive Officer,
              Chief
                Financial OfficerDate:
            December
                14, 2007





In
      accordance with the Exchange Act, this report has been signed below by the
      following persons on behalf of the registrant and in the capacities and on
      the
      dates indicated.





**Name**
            
            **Title**
            
            **Date***/s/**Lord
                Dr. Masaaki Ikawa*
            
            President,
                Chief Executive Officer,
            
            December 14,
                2007Lord
                Dr. Masaaki Ikawa
            
            Chief
                Financial Officer




25