UNITED STATES  SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-QSB  (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the quarterly period ended MARCH 31, 2007  [  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE EXCHANGE ACT  For the transition period from ___________ to ______________   ELITE ARTZ, INC. (Name of small business issuer in its charter)  Nevada000-5202090-0201309(State or jurisdiction of incorporation)(Commission file no.)(I.R.S. Employer Identification No.)    4950 W. Craig Road, Suite 3-235, Las Vegas, NV 89130 (Address of principal executive offices)  (702) 655-3591 (Issuers telephone number)  Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) ;  and (2) has been subject to such filing requirements for the past 90 days.   Yes  [X]    No  [  ]  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ]   No [X]  APPLICABLE TO CORPORATE ISSUERS:  As of   May 18, 2007 the issuer had 3,059,400 shares of common stock outstanding  Transitional Small Business Disclosure Format (Check one): YES [  ]   NO [X}   TABLE OF CONTENTS  PART I 3 Item 1.  Financial Statements 3 Item 2. Managements Discussion and Analysis 10 Item 3.  Controls and Procedures 14 PART II  OTHER INFORMATION 14 Item 3.  Defaults Upon Senior Securities 14 Item 4.  Submission of Matters to a Vote of Security Holders. 14 Item 5.  Other Matters. 15 Item 6.  Exhibits. 16 SIGNATURES 17    2    PART I     Item 1.  Financial Statements     ELITE ARTZ, INC.  (A Development Stage Company)  Unaudited Financial Statements  March 31, 2007  3      ELITE ARTZ, INC.(A Development Stage Company)BALANCE SHEETSMar. 31Dec. 31,20072006ASSETS(Unaudited)Current AssetsInventory - for resale$-$4,300Total Current Assets-4,300Fixed Assets:Office Equipment - net of accumulated depreciation-661$-$4,961LIABILITIES AND STOCKHOLDERS' EQUITYCurrent LiabilitiesBank Overdraft$-$28Notes Payable-52,920Total Current Liabilities-52,948STOCKHOLDERS' EQUITY (DEFICIT)Preferred Stock20,000,000 shares authorized at $0.001 par value;none issued--Common Stock50,000,000 shares authorized at $0.001 par value;3,059,400 shares issued and outstanding3,0593,059Capital in excess of par value282,141282,141Deficit accumulated during the development stage(285,200)(333,187)Total Stockholders' Equity (Deficit)-(47,987)$-$4,961The accompanying notes are an integral part of these financial statements  4        ELITE ARTZ, INC.(A Development Stage Company)STATEMENTS OF OPERATIONSFor the Three Months Ended March 31, 2007 and 2006And the Period July 15, 2002 (Date of Inception) to March 31, 2007(Unaudited)InceptionFor the Three Months EndedtoMar. 31,Mar. 31,200720062007Sales$500$5,000$263,789Cost of Sales4,3003,000249,746Groff Profit (Loss)(3,800)2,00014,043ExpensesSales & Marketing-2,46349,216Depreciation-94470General & Administrative47224,634209,316Total Expenses47227,191259,002Net Operating Loss(4,272)(25,191)(244,959)Other Income (Expense)Debt forgiveness52,920-52,920Loss on sale of assets(661)-(661)Realized loss in availablefor-sale securities--(92,500)Total Other Income(Expense)52,259-(40,241)Net Income (Loss)$47,987$(25,191)$(285,200)Net Income (Loss) Per Common ShareBasic$0.02$(0.01)Average Outstanding SharesBasic (stated in 1,000's)3,0593,045The accompanying notes are an integral part of these financial statements  5       ELITE ARTZ, INC.(A Development Stage Company)STATEMENTS OF CASH FLOWSFor the Three Months Ended March 31, 2007 and 2006And the Period July 15, 2002 (Date of Inception) to March 31, 2007(Unaudited)InceptionFor the Three Months EndedtoMar. 31,Mar. 31,200720062007Cash Flows From Operating Activities:Net Income (Loss)$47,987$(25,191)$(285,200)Adjustments to reconcile net loss tonet cash used by operating activities:Net Cash Used In Operating Activities:Depreciation-94470Changes in Inventory4,3003,000-Changes in Accounts Payable-5,097-Net Cash provided from (used in) Operating Activities52,287(17,000)(284,730)Cash Flows From Investing Activities:Purchase of Equipment & Furniture--(1,131)Disposition of Office Equipment661-661Net Cash from (used in) Investing Activities661-(470)Cash Flows From Financing Activities:Contributions to capital--500Proceeds from notes payable--52,920Notes payable - debt forgiven(52,920)-(52,920)Proceeds from issuance of common stock--284,700Net Cash provided from (used in) Financing Activities(52,920)-285,200Net (Decrease) Increase In Cash28(17,000)-Cash at Beginning of Period(28)17,505-Cash at the End of Period$-$505$-Supplemental Disclosures of Cash Flow Information:Cash paid during the period for:Interest$-$-$-Income taxes$-$-$-The accompanying notes are an integral part of these financial statements   6    ELITE ARTZ, INC. (Development Stage Company) NOTES TO FINANCIAL STATEMENTS March 31, 2007 ==============================================================================  1.  ORGANIZATION  The Company was incorporated under the laws of the State of Delaware on July 15, 2002 with authorized common stock of 50,000,000 shares at $0.001 par value with the name "North American Marketing Corporation".  On March 25, 2004 the Company changed it domicile to the state of Nevada in connection with a name change to "Elite Artz, Inc."  and the addition of authorized preferred stock of 20,000,000 shares with a par value of $.001. The terms of the preferred stock have not been determined by the board of directors of the Company.  There are no preferred shares issued.  The Company was organized to engage in the business of direct marketing of fine quality original oil paintings, and framed and matted prints, by well known artists, as well as specialty collections to hospitals, corporations, colleges and private individuals.  2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  Accounting Methods  The Company recognizes income and expenses based on the accrual method of accounting.  Dividend Policy  The Company has not yet adopted a policy regarding payment of dividends.  Basic and Diluted Net Income (Loss) Per Share  Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of any common share rights unless the  exercise becomes antidilutive and then only the basic per share amounts are shown in the report.  Estimates and Assumptions  Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles.  Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses.  Actual results could vary from the estimates that were assumed in preparing these financial statements.  Financial Instruments  The carrying amounts of financial instruments are considered by management to be their estimated fair values due to their short term maturities.     7    ELITE ARTZ, INC. (Development Stage Company) NOTES TO FINANCIAL STATEMENTS - continued March 31, 2007 ==============================================================================  2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued  Income Taxes  The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on the differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to reverse.  An allowance against deferred tax assets is recognized, when it is more likely than not, that such tax benefits will not be realized.  On March 31, 2007, the Company had a net operating loss available for carry forward of $285,200.  The tax benefit of approximately $85,560 from the loss carry forward has been fully offset by a valuation reserve because the use of the future tax benefit is doubtful since the Company has been unable to project an estimated future operating profit.  The loss carryforward expires beginning in the years 2023 through 2027.  Concentration of Credit Risk  There are no financial instruments that potentially subject the Company to significant concentration of credit risks.  Revenue Recognition  Revenue is recognized on the sale and delivery of a product or the completion of services provided.  Advertising and Market Development  The company expenses advertising and market development costs as incurred.  Inventory  Inventory consisted of oil paintings and framed matted prints ready for sale and was stated at the lower of cost or market, which was determined on an individual basis.  Recent Accounting Pronouncements  The Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements.    8    ELITE ARTZ, INC. (Development Stage Company) NOTES TO FINANCIAL STATEMENTS - continued March 31, 2007 ==============================================================================  3.  NOTES PAYABLE  During the year ended December 31, 2006 a non-related party made two no interest loans to the Company for a total of $8,920 payable on December 31, 2007 The notes are convertible at the option of the holder anytime after December 31, 2006 but no later than December 31, 2007 at a conversion price equal to the bid price of the Companys stock, or in the event there is no bid price, then the notes shall be converted into 90,000 shares of the Companys common stock.  The holder must give notice of conversion during the conversion period, absent such notice, the conversion rights expire at the end of the conversion period on December 31, 2007.  During the year ended December 31, 2006 a non-related party made two no interest loans to the Company for a total of $41,000 payable on December 31, 2007 The notes are convertible at the option of the holder anytime after December 31, 2006 but no later than December 31, 2007 at a conversion price equal to the bid price of the Companys stock, or in the event there is no bid price, then the notes shall be converted into 820,000 shares of the Companys common stock.  The holder must give notice of conversion during the conversion period, absent such notice, the conversion rights expire at the end of the conversion period on December 31, 2007.  During the year ended December 31, 2006 a non-related party made a no interest loan to the Company for $3,000 payable on December 31, 2007. The note is convertible at the option of the holder anytime after December 31, 2007 but no later than December 31, 2008 at a conversion price equal to the bid price of the Companys stock, or in the event there is no bid price, then the note shall be converted into 30,000 shares of the Companys common stock.  The holder must give notice of conversion during the conversion period, absent such notice, the conversion rights expire at the end of the conversion period on December 31, 2008.  On February 12, 2007 all of the notes were paid and  forgiven pursuant to the terms of the Share Exchange Agreement with WISHTOP Group Limited (WISHTOP), Grace Well Holdings Limited (GRACE WELL), Cheung Kai, the shareholder of WISHTOP and Feng Di, the shareholder of GRACE WELL.  In connection with the payment of and forgiveness of the notes, all of the conversion rights associated with the notes were cancelled.  4.  CAPITAL STOCK  Since inception the Company completed private placement offerings of 3,038,400 common shares for $284,700.  5.  SUBSEQUENT EVENTS  On April 4, 2007, the Company closed the transaction set forth in  the Share Exchange Agreement (the Share Exchange Agreement) with WISHTOP Group Limited (WISHTOP), Grace Well Holdings Limited (GRACE WELL), Cheung Kai, the shareholder of WISHTOP and Feng Di, the shareholder of GRACE WELL (collectively, the Shareholders).  Pursuant to the terms of the Share Exchange Agreement, the Company has acquired a 100% ownership interest in WISHTOP and a 100% ownership interest in GRACE WELL from the shareholders. Consideration, which as of the date of this report has not been paid by Elite Artz to the Shareholders, consists of a total of 93,881,200 shares of its common stock (the Exchange Shares) in exchange for 100% of the ownership interests in each of WISHTOP and GRACE WELL. The Exchange took place according to the terms of the Share Exchange Agreement and in accordance with applicable law.  Following the issuance of the Exchange Shares, and the completion of a two-for-one forward split that is currently in progress, the Company will have a total of approximately 100,000,000 shares of its common stock issued and outstanding.     9    Item 2. Managements Discussion and Analysis  In this report, references to "Elite Artz" "we," "us," and "our" refer to Elite Artz, Inc.   SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS  The Securities and Exchange Commission ("SEC") encourages companies to disclose forward-looking information so that investors can better understand future prospects and make informed investment decisions.  This report contains these types of statements.  Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "project," or "continue" or comparable terminology used in connection with any discussion of future operating results or financial performance identify forward-looking statements.  You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report.  All forward-looking statements reflect our present expectation of future events and are subject to a number of important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.  General  We are a development stage company founded in July of 2002 as Elite Artz, Inc., a Nevada corporation. We were organized for the purpose of direct marketing § fine-quality original oil paintings, § framed and matted prints by well-known artists, and § specialty fine art collections to hospitals, corporations, colleges and private individuals at affordable prices. Although we have conducted operations since then, we have limited revenues and have operated at a loss. During our first quarter of 2007, we entered into various agreements which will ultimately result in a change in control, the acquisition of two subsidiaries and a change in our business direction. See Item 5. Other Matters. for further discussion.  The following discussions are based on the financial statements for the three months ended March 31, 2007 for Elite Artz, Inc and are based on the existing operations during that quarter which were discontinued during the quarter.   The following discussions are a summary and should be read in conjunction with the financial statements and notes thereto, included with this report in Item 1. Financial Statements.  Critical Accounting Estimates  The preparation of financial statements in conformity with accounting principals generally accepted in the United States of America required management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.  Results of Operations  The following discussions are based on the financial statements for the three months ended March 31, 2007 and statements, and notes thereto, included with this report in ITEM I, Part 1, above.    10        Comparison of 2007 and 2006 First Quarter Operations  March 31, 2007March 31, 2006Sales$                   500$                5,000Cost of sales4,3003,000Gross profit (loss)(3,800)3,000Total operating expenses47227,191Loss from operations4,27225,191Other Income52,259-Net income (loss)47,987(25,191)Net income (loss) per share0.02(0.01)  Revenues and Cost of Revenues  Revenues are achieved through sales of our artwork inventory. Sales of our artwork inventory for our three months ended March 31, 2007 resulted in revenues of $500, far less than the first quarter revenues last year of $5,000. Lack of revenues in this years first quarter is a result of the winding up of our artwork sales business in anticipation of the completion of our acquisition transactions by the end of the first quarter.   Costs of this years first quarter sales were $4,300, $1,300 higher than the cost of our last years first quarter sales.  This resulted in a gross loss of $3,800 compared to a $2,000 profit last year.  We suffered a loss on sales this year due to the discounted sale of artwork inventory.  Our overall sales since inception are $263,789, with a gross profit of $14,043.  Operating Expenses/Net Income  We had only $472 in expenses for our quarter ended March 31, 2007, all in the general and administrative category, compared to $27,191 we spent in the three months ended March 31, 2006 which consisted of $2,463 in sales and marketing, a $94 depreciation expense, and $24,634 in general and administrative expenses.  Our higher expenses during the first quarter of 2006 were a result of managements efforts to both increase sales and analyze our market potential. We also rented office space in Salt Lake City, Utah, for both sales and administrative work and to store our artwork inventory which was month to month at a cost of $2,500. We conducted minimal operations during the first quarter this year in preparation of the closing of our acquisition transaction.  Other Income  During our first quarter we had other income of $52,259 which consisted of the forgiveness of $52,920 in debt as part of close of our acquisition transaction (which was consummated subsequent to the quarter end) and a $661 loss on the sale of office equipment.  There was no comparable other income or losses during our first quarter of last year.  Net Income (Loss)  Our net income for the three months ended March 31, 2007 was $47,987; we suffered a net loss in the comparative period last year of $25,191 when operating expenses were not sufficient to  11    offset minimal revenues. This year the forgiveness of $52,920 in debt resulted in a net income to Elite during the quarter.  Liquidity and Capital Resources  Balance Sheet Information  The following information is a summary of our balance sheet as of March 31, 2007  Summary Balance Sheet as of March 31, 2007 Total Current Assets$                -Net Fixed Assets-Total Assets-Total Liabilities-Accumulated Deficit(285,200)Total Stockholders Deficit-   We have no assets and no liabilities as of March 31, 2007. We sold our remaining artwork inventory and $52,920 in debt was forgiven as part of managements efforts to wind down our existing operations as part of our transition into new operations which will take place in the next quarter.  Cash Flows from Operations  Operations provided $52,287 during our three months ended March 31, 2007 compared to cash used in operations of $17,000 during the same three months in 2006.  Investing Activities  We had no investing activities during the first quarter of 2007 except the disposition of $661 of office equipment; during the prior years first quarter we had no investing activities.  FinancingActivities  During the year ended December 31, 2006, we funded our losses mostly through loans from non-related parties represented by five convertible notes below:  · Thefirst is for $2,537 and is due and payable on December 31, 2006. The holder has the option to convert this note into common stock at a conversion price equal to the bid price of our common stock on the conversion date, or, if there is no bid price, into 25,000 shares of common stock.  The holder can convert any time after December 31, 2006, but not later than December 31, 2007, by giving notice to Elite.  · Thesecond note is for $6,383 and is due and payable on December 31, 2006.  It has the same conversion rights as above and is convertible into 65,000 shares of our common stock.     12    · Thethird is for $25,000 and is due and payable on December 31, 2006. The holder has the option to convert this note at a conversion price equal to the bid price of our common stock at the conversion date, or if there is no bid price, into 500,000 shares.  The conversion period is anytime after December 31, 2006 and no later than December 31, 2007 by giving notice to Elite.  · Thefourth is for $20,000 and is due and payable on December 31, 2006.  It has the same conversion rights as the third note and is convertible into 400,000 of our shares absent a bid price, The principal on this note was reduced to $16,000 and the shares into which the note can be converted have reduced proportionately to 320,000 shares  · Thefifth is for $3,000 and is due and payable on December 31, 2008.  The holder has the option to convert the a portion or all of the principal into our common stock at a conversion price equal to the bid price of our common stock at the date of the conversion, or if there is no bid price, into 30,000 shares of common stock. The conversion period is December 31, 2007 through December 31, 2008.  During this first quarter, we satisfied each of the above referenced convertible notes as part of the transaction discussed below in Acquisition of Subsidiaries through Issuance of Common Stock which resulting in the elimination of $52,920 in debt and increase paid in capital by that same amount.  Last year we had no financing activities during our first quarter.  Acquisition of Subsidiaries through Issuance of Common Stock  We are funding the acquisition of two subsidiaries through the issuance of common stock.  On February 12, 2006, we completed a stock purchase agreement whereby certain shareholders of Elite sold an aggregate of 2,838,500 of their Elite common shares to certain purchasers effecting a change in control.  On February 16, 2006, we executed a Share Exchange Agreement with the shareholders of Wishtop Group Limited and Grace Well Holdings Limited which will ultimately result in Wishtop and Grace Well becoming subsidiaries of Elite.  The transaction contemplates the issuance of an aggregate of 93,881,200 of our common shares for 100% ownership interest in the two entities The shares will be issued in a private transaction without registration in reliance of the exemption provided by Section 4(2) of the Securities Act.   As of the date of this report the shares had not been issued although we closed the transaction on April 4, 2007. Several actions subsequent  remain to be completed.  Funding of Future Acquisitions  We will likely fund future acquisitions with the issuance of our common stock.  Off-Balance Sheet Arrangements  None.  Trends and Uncertainties  Our prospects must be considered in light of the risks,difficulties, and expenses frequently encountered by companies in their early stage of development, particularly companies in rapidly changing markets such as ours without significant barriers to entrance. To address these risks, we  13    must, among other things, maintain an awareness of current trends in art appreciation as it relates to interior design and consumer demand for both public and private use; implement and successfully execute our business and marketing strategy; update and add to our existing inventory in response to evolving customer demands; provide quality customer service; respond to competitive developments; find and solicit new artists or unknown artists where we can purchase quality art at reasonable prices, and attract, retain and motivate qualified personnel. There can be no assurance we will be successful in addressing such risks, and the failure to do so would seriously harm our business, financial condition, and results of operations. Our current and future expense levels are based on our planned operations and estimates of future revenues.  We have been unable to accurately forecast revenues nor have we yet been able to capture any substantial portion of our target market. Accordingly, we believe that period-to-period comparisons of our operating results are not very meaningful and should not be relied upon as an indication of future performance.     Item 3.  Controls and Procedures  (a) Evaluation of disclosure controls and procedures. Based on the evaluation of our disclosure controls and procedures (as defined in Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)) required by Securities Exchange Act Rules 13a-15(b) or 15d-15(b), our Chief Executive Officer and Chief Financial Officer have concluded that as of the end of the period covered by this report, our disclosure controls and procedures were effective.  (b) Changes in internal controls. There were no changes in our internal control over financial reporting that occurred during our most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.    PART II  OTHER INFORMATION   Item 1.  Legal Proceedings.  None.  Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.  None.   Item 3.  Defaults Upon Senior Securities  None.   Item 4.  Submission of Matters to a Vote of Security Holders.  None.     14        Item 5.  Other Matters.  Current Reports on Form 8-K:During the quarter covered by this report, we filed the following 8Ks related to a series of transactions which ultimately will result in a change of control, the acquisition of two wholly owned subsidiaries and a change in our business operations.  On February 13, 2007 we filed a Form 8K regarding the following items:  · the entry into a Stock Purchase Agreement with certain purchasers whereby 2,838,500 shares of our common stock  were to be sold by certain of our shareholders to those purchasers; · a change in control; and · the election of Wong Nga Leung to our Board of Directors.  The 2,838,500 shares have been transferred effecting a change in control and Mr. Wong has now been elected to our Board of Directors.  On February 16, 2007, we filed a Form 8K regarding a Share Exchange Agreement (the Share Exchange Agreement) with Wishtop Group Limited (WISHTOP), Grace Well Holdings Limited (GRACE WELL), Cheung Kai, the shareholder of WISHTOP and Feng Di, the shareholder of GRACE WELL. Under the terms of the Share Exchange Agreement, Elite Artz will acquire a 100% ownership interest in WISHTOP and a 100% ownership interest in GRACE WELL from their respective shareholders. Consideration to be paid by us to the shareholders will be 93,881,200 shares of our common stock for which we will receive 100% of the ownership interests in each of WISHTOP and GRACE WELL. The share exchange will be effected in accordance with the terms of the Share Exchange Agreement and applicable law.  Immediately following completion of the share exchange transaction, and after effecting a two for one forward split, we will have approximately 100,000,000 shares of common stock issued and outstanding. The Share Exchange Agreement will close subject to the provisions and conditions of its terms and in the discretion of the parties  Subsequent to the first quarter end, on April 4, 2007, we reported the consummation of the various transactions set forth in the Share Exchange Agreement although we have not completed all of the actions subsequent required to complete the transaction. Once this occurs, new management will have 94% of the total issued and outstanding shares and GRACEWELL  and WISHTOP will be wholly owned subsidiaries of Elite.,  Additional information: On February 12, 2007, David Miles Oman submitted his resignation in his capacity of President and Chief Executive, Financial and Accounting Officer.  Our Board of Directors has accepted his resignation. Wong Nga Leung, who became a director on February 13, 2007, has been appointed as the Companys Chief Executive and Financial Officer.  15      Item 6.  Exhibits.  2.1 Form of Stock Purchase Agreement dated February 13, 2006(1) 2.2 Share Exchange Agreement dated February 16, 2007 (2) 3.1.1 Articles of Incorporation Elite Artz (3) 3.1.2 Articles of Merger (3) 3.2 By-laws (3) 10.1 Convertible Note - $2,537(4) 10.2 Convertible Note - $6,383 (4) 10.3 Convertible Note - $25,000(5) 10.4 Convertible Note - $20,000(5) 10.5 Convertible Note - $3,000(6) 31.2 Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (7) 31.3 Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2003 (7) 32.1 Certification of Principal Executive and Financial Officer Pursuant to 18 U.S.C Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.(7)  (1) Filed as part or our Form 8K Current Report on February 13, 2006 (2) Filed as part of our Form 8K Current Report on February 16, 2006 (3) Filed as part of our initial registration on Form SB-2 with the Securities and Exchange Commission on December 23, 2004 (4) Filed with our Form 10-QSB Quarterly Report for June 30, 2006 with the Securities and Exchange Commission on August 10, 2006 (5) File with our Form 10QSB Quarterly Report for September 30, 2006 on November 1, 2006 (6) Filed with our Form 10KSB for December 31, 2006 on March 30, 2007 (7) Filed herewith   16    SIGNATURES  In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.    ELITE ARTZ, INC. (Registrant)    Dated: May 21, 2007 By:  /s/ Wong Nga Leung Wong Nga Leung President/Chief Executive and Financial Officer/Chief Accounting Officer/Director  17