**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM        10-QSB/A**

| [X]                | Quarterly                Report pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934 |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------|
|               |                                                                                                                                 |
|               | For                the quarterly period ended **December                31, 2006**                                                   |
|               |                                                                                                                                 |
| [                ] | Transition                Report pursuant to 13 or 15(d) of the Securities Exchange Act of                1934                       |
|               |                                                                                                                                 |
|               | For                the transition period __________                  to __________                                    |
|               |                                                                                                                                 |
|               | Commission                File Number: **333-115444**                                                                           |

**Technology      Holdings, Inc.**

| **Nevada**                                                                                         | **20-0987069**                                   |
|----------------------------------------------------------------------------------------------------|--------------------------------------------------|
| (State                or other jurisdiction of incorporation or                organization)  | (IRS                Employer Identification No.) |

| **7311                W Charleston Blvd., Suite 110, Las Vegas, Nevada                89117** |
|-----------------------------------------------------------------------------------------------|
| (Address                of principal executive offices)                                       |

| **702-228-7105**                                                                                                 |
|------------------------------------------------------------------------------------------------------------------|
| (Issuer’s                telephone number)                                                                 |
|  _______________________________________________________________                                            |
| (Former                name, former address and former fiscal year, if changed since last                report) |

**[X]      Yes [ ] No**

**[X]      Yes [ ] No**

**7,500,000      common shares as of December 31, 2006.**

**Yes      [ ] No [X]**

----

Table          of Contents

**Explanatory        Note **

**The        purpose of this Amendment No. 1 to the Quarterly Report on Form 10-QSB        previously filed with the United States Securities and Exchange Commission        on        February 7, 2007, is to revise the "Statements        of Operations for the three **
**and        six months ended December 31, 2006 and 2005 and for the period from September        2,        2003 (inception) to December 31, 2006" to include columns for        the**

**three months ended December 31, 2006 and 2005 that        were inadvertently omitted.**

----

|                                                          | **TABLE                OF CONTENTS**                                                      |   Page |
|---------------------------------------------------------------|-------------------------------------------------------------------------------------------|------------------|
|  **PART                I - FINANCIAL INFORMATION**  |
| Item                1.                                        | Financial                Statements                                                       | 3                |
| Item                2.                                        | Plan                of Operation                                                          | 4                |
| Item                3.                                        | Controls                and Procedures                                                    | 6                |
|  **PART                II - OTHER INFORMATION**     |
| Item                1.                                        | Legal                Proceedings                                                          | 7                |
| Item                2.                                        | Unregistered                Sales of Equity Securities and Use of                Proceeds | 7                |
| Item                3.                                        | Defaults                Upon Senior Securities                                            | 7                |
| Item                4.                                        | Submission                of Matters to a Vote of Security                Holders         | 7                |
| Item                5.                                        | Other                Information                                                          | 7                |
| Item                6.                                        | Exhibits                                                                                  | 7                |

----

Table          of Contents

**PART      I - FINANCIAL INFORMATION**

**Item      1.** **     Financial      Statements**

| Our                unaudited financial statements included in this Form 10-QSB are as                follows: |
|---------------------------------------------------------------------------------------------------------------|
|  F-1                                                                                                     |  Balance                Sheet as of December 31, 2006; |
|  F-2                                                                                                     |  Statements                of Operations for the three and                six months ended December 31, 2006 and 2005 and for the period from                September 2, 2003 (inception) to December 31, 2006; |
|  F-3                                                                                                     |  Statement                of Changes in Stockholder’s Equity for the six months                ended December 31, 2006 and 2005 and for the period from September                2, 2003                (inception) to December 31, 2006; |
|  F-4                                                                                                     |  Statements                of Cash Flows for the six months ended December 31,                2006 and 2005 and for the period from September 2, 2003 (inception)                to                December 31, 2006; |
|  F-5                                                                                                     |  Notes                to Financial                Statements. |

----

Table          of Contents

**Technology        Holdings, Inc.**

**Formerly        known as MV Fund II, LLC**

**(a          Development Stage Company)**

**Balance        Sheet**

|                                                                   | December                    31,2006 |
|------------------------------------------------------------------------|-------------------------------------|
| **ASSETS**                                                             |                                |
|                                                                   |                                |
| Current                  assets:                                       |                                |   |
| Cash                                                                   | $                                   | 250,050 |
|                                                                   |                                |   |
|                                                                   |                                |   |
| **LIABILITIES                  AND STOCKHOLDERS' EQUITY**              |                                |   |
|                                                                   |                                |   |
| **LIABILITIES**                                                        |                                |   |
|                                                                   |                                |   |
| Current                  liabilities:                                  |                                |   |
| Accrued                  expenses                                      | $                                   | 26,397 |
|                                                                   |                                |   |
| **STOCKHOLDERS'                  EQUITY**                              |                                |   |
|                                                                   |                                |   |
| **Common                  Stock**                                      |                                |   |
| Authorized:                                                            |                                |   |
| 100,000,000                  common shares, par value $0.001 per share |                                |   |
| Issued                and outstanding:                                 |                                |   |
| 7,500,000                  common shares                               | $                                   | 7,500 |
|                                                                   |                                |   |
| Additional                paid-in capital                              |                                | 515,793 |
|                                                                   |                                |   |
| **Deficit                  Accumulated During the Development Stage**  |                                | (299,640) |
|                                                                   |                                | 223,653 |
|                                                                   |                                |   |
|                                                                   | $                                   | 250,050 |

----

Table            of Contents

**Technology        Holdings, Inc.**

**Formerly        known as MV Fund II, LLC**

**(a          Development Stage Company)**

**Statements        of        Operations**

**(unaudited)**

|                                                               | Three                        months endedDecember                      31, |      | Three                        Months EndedDecember                      31, |   | Six                        Months EndedDecember                      31, |   | Six                        Months EndedDecember                      31, |      | September                          2, 2003(Inception)                          toDecember                          31,2006 |
|--------------------------------------------------------------------|----------------------------------------------------------------------------|-----------|----------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|-----------|----------------------------------------------------------------------------------------------------------------------------|
|                                                               | 2006                                                                       |      | 2005                                                                       |   | 2006                                                                     |   | 2005                                                                     |      | (Unaudited)                                                                                                                |
|                                                               |                                                                  |      |                                                                  |   |                                                                |   |                                                                |      |                                                                                                                  |
| Net                      Revenue                                   | $                                                                          | -         |                                                                       | $      | -                                                                        |   | $                                                                        | -         |                                                                                                                       | $ | - |   | $ | - |
|                                                               |                                                                       |      |                                                                       |   |                                                                     |   |                                                                     |      |                                                                                                                       |   |   |   |   |   |
| Expenses:                                                          |                                                                       |      |                                                                       |   |                                                                     |   |                                                                     |      |                                                                                                                       |   |   |   |   |   |
| General                      and administrative expenses           |                                                                       | 10,165    |                                                                       |   | 86,650                                                                   |   |                                                                     | 19,374    |                                                                                                                       |   | 111,126 |   |   | 299,640 |
| Total                      expenses                                |                                                                       | 10,165    |                                                                       |   | 86,650                                                                   |   |                                                                     | 19,374    |                                                                                                                       |   | 111,126 |   |   | 299,640 |
|                                                               |                                                                       |      |                                                                       |   |                                                                     |   |                                                                     |      |                                                                                                                       |   |   |   |   |   |
| Net                      Loss for the Period                       | $                                                                          | (10,165)  |                                                                       | $      | (86,650)                                                                 |   | $                                                                        | (19,374)  |                                                                                                                       | $ | (111,126) |   | $ | (299,640) |
|                                                               |                                                                       |      |                                                                       |   |                                                                     |   |                                                                     |      |                                                                                                                       |   |   |   |   |   |
| Basic                      and Diluted Loss Per Share              | $                                                                          | (0.01)    |                                                                       |   |                                                                     |   | $                                                                        | (0.01)    |                                                                                                                       |   |   |   | $ | (0.04) |
|                                                               |                                                                       |      |                                                                       |   |                                                                     |   |                                                                     |      |                                                                                                                       |   |   |   |   |   |
| Weighted                      Average Number of Shares Outstanding |                                                                       | 7,500,000 |                                                                       |   |                                                                     |   |                                                                     | 7,500,000 |                                                                                                                       |   |   |   |   | 7,500,000 |

----

Table          of Contents

**Technology          Holdings, Inc.**

**Formerly          known as MV Fund II, LLC**

**(a            Development Stage Company)**

**Statements          of Changes in          Stockholders' Equity**

|                                                                                                               | Common                        Stock |      | Additional   |   |  Accumulated                      Deficit During |   | TotalStockholders                        |
|--------------------------------------------------------------------------------------------------------------------|-------------------------------------|-----------|------------------------|--------|-------------------------------------------------------|--------|------------------------------------------|
|                                                                                                               | Shares                              |      | Amount                 |   | Paid-in                      Capital                  |   | Development                        Stage |   | Equity |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |
| September                      2, 2003 (Inception)                                                                 |                                | -         |                   | $      | -                                                     |   | $                                        | - |   | $ | - |   | $ | - |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |   |   |   |   |   |
| Managing                      member donated capital                                                               |                                |      |                   |   |                                                  |   |                                     | 18,793 |   |   |   |   |   | 18,793 |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |   |   |   |   |   |
| Net                        loss for the period September 2, 2003thru                      June 30, 2004 (Restated) |                                |      |                   |   |                                                  |   |                                     | - |   |   | (33,682) |   |   | (33,682) |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |   |   |   |   |   |
| Balance,                      June 30, 2004 (Restated)                                                             |                                | -         |                   |   | -                                                     |   |                                     | 18,793 |   |   | (33,682) |   |   | (14,889) |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |   |   |   |   |   |
| Managing                      member donated capital                                                               |                                |      |                   |   |                                                  |   |                                     | 4,500 |   |   |   |   |   | 4,500 |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |   |   |   |   |   |
| Net                        loss for the year ended                        June 30, 2005                            |                                |      |                   |   |                                                  |   |                                     | - |   |   | (91,924) |   |   | (91,924) |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |   |   |   |   |   |
| Balance,                      June 30, 2005                                                                        |                                | -         |                   |   | -                                                     |   |                                     | 23,293 |   |   | (125,606) |   |   | (102,313) |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |   |   |   |   |   |
| Shares                      issued to managing member                                                              |                                | 4,000,000 |                   |   | 4,000                                                 |   |                                     |   |   |   |   |   |   | 4,000 |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |   |   |   |   |   |
| Shares                      issued for cash proceeds                                                               |                                | 2,450,000 |                   |   | 2,450                                                 |   |                                     | 343,550 |   |   |   |   |   | 346,000 |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |   |   |   |   |   |
| Shares                      issued for services                                                                    |                                | 1,050,000 |                   |   | 1,050                                                 |   |                                     | 148,950 |   |   |   |   |   | 150,000 |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |   |   |   |   |   |
| Net                        loss for the year                        ended June 30, 2006                            |                                |      |                   |   |                                                  |   |                                     | - |   |   | (154,660) |   |   | (154,660) |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |   |   |   |   |   |
| Balance,                      June 30, 2006                                                                        |                                | 7,500,000 |                   |   | 7,500                                                 |   |                                     | 515,793 |   |   | (280,266) |   |   | 243,027 |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |   |   |   |   |   |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |   |   |   |   |   |
| Net                          loss for the six months ended December 31,                          2006              |                                |      |                   |   |                                                  |   |                                     | - |   |   | (19,374) |   |   | (19,374) |
|                                                                                                               |                                |      |                   |   |                                                  |   |                                     |   |   |   |   |   |   |   |
| Balance,                      December 31, 2006                                                                    | $                                   | 7,500,000 |                   | $      | 7,500                                                 |   | $                                        | 515,793 |   | $ | (299,640) |   | $ | 223,653 |

----

Table            of Contents

**Technology                  Holdings, Inc.**

**Formerly                  known as MV Fund II, LLC**

**(a                    Development Stage Company)**

**Statements                  of Cash                  Flows**

**(unaudited)**

|                                                                           | Six                            Months Ended December                            31,2006  |     | Six                            Months Ended December                            31,2005  |   | September                            2, 2003 (Inception)                            to December                            31, 2006 (Unaudited)  |
|--------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------|----------|----------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                           |                                                                                          |     |                                                                                          |   |                                                                                                                                                            |
| **Cash                            flows from operating activities**            |                                                                                          |     |                                                                                          |   |                                                                                                                                                            |
| Net                            (loss)                                          | $                                                                                                  | (19,374) |                                                                                               | $      | (111,126)                                                                                                                                                            |   | $ | (299,640) |
| Changes                            in operating assets and liabilities:        |                                                                                               |     |                                                                                               |   |                                                                                                                                                                 |   |   |   |
| Increase                            (decrease) in accrued expenses        |                                                                                               | 19,374   |                                                                                               |   | 111,126                                                                                                                                                              |   |   | 26,397 |
| Net                            cash (used) by operating activities             |                                                                                               | -        |                                                                                               |   | -                                                                                                                                                                    |   |   | (273,243) |
|                                                                           |                                                                                               |     |                                                                                               |   |                                                                                                                                                                 |   |   |   |
| **Cash                            flows from financing activities**            |                                                                                               |     |                                                                                               |   |                                                                                                                                                                 |   |   |   |
| Proceeds                            from issuance of membership units          |                                                                                               | -        |                                                                                               |   | -                                                                                                                                                                    |   |   | 350,000 |
| Services                            performed for stock                        |                                                                                               | -        |                                                                                               |   | -                                                                                                                                                                    |   |   | 150,000 |
| Expenses                              paid in capital by managing member  |                                                                                               | -        |                                                                                               |   | -                                                                                                                                                                    |   |   | 23,293 |
| Net                            cash provided by financing activities           |                                                                                               | -        |                                                                                               |   | -                                                                                                                                                                    |   |   | 523,293 |
|                                                                           |                                                                                               |     |                                                                                               |   |                                                                                                                                                                 |   |   |   |
| Net                            increase in cash                                |                                                                                               | -        |                                                                                               |   | -                                                                                                                                                                    |   |   | 250,050 |
| Cash                            - beginning of period                          |                                                                                               | 250,050  |                                                                                               |   | -                                                                                                                                                                    |   |   | - |
| Cash                            - end of period                                | $                                                                                                  | 250,050  |                                                                                               | $      | -                                                                                                                                                                    |   | $ | 250,050 |
|                                                                           |                                                                                               |     |                                                                                               |   |                                                                                                                                                                 |   |   |   |
| **Supplemental                          Cash Flow Information:**               |                                                                                               |     |                                                                                               |   |                                                                                                                                                                 |   |   |   |
| Cash                            paid for interest                              | $                                                                                                  | -        |                                                                                               | $      | -                                                                                                                                                                    |   | $ | - |
| Cash                            paid for income taxes                          | $                                                                                                  | -        |                                                                                               | $      | -                                                                                                                                                                    |   | $ | - |
|                                                                           |                                                                                               |     |                                                                                               |   |                                                                                                                                                                 |   |   |   |
| **Non-cash                            transactions:**                          |                                                                                               |     |                                                                                               |   |                                                                                                                                                                 |   |   |   |
| Expenses                            paid for by the managing member            | $                                                                                                  | -        |                                                                                               | $      | -                                                                                                                                                                    |   | $ | 23,293 |
| Shares                            issued for expenses                          | $                                                                                                  | -        |                                                                                               | $      | -                                                                                                                                                                    |   | $ | 150,000 |

----

Table                  of Contents

**Technology                Holdings, Inc.**

**Formerly                known as MV Fund II, LLC**

**(a                  Development Stage Company)**

**Notes to                  Financial                  Statements**

**NOTE                    1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES **

----

Table                        of Contents

**Technology                      Holdings, Inc.**

**Formerly                      known as MV Fund II, LLC**

**(a                        Development Stage Company)**

**Notes to Financial Statements**

----

Table                        of Contents

**Technology                      Holdings, Inc.**

**Formerly                      known as MV Fund II, LLC**

**(a                        Development Stage Company)**

**Notes                        to Financial                        Statements**

**NOTE                    2 - STOCKHOLDERS’ EQUITY **

----

Table                        of Contents

**Technology                      Holdings, Inc.**

**Formerly                        known as MV Fund II, LLC**

**(a                          Development Stage Company)**

**Notes                          to Financial                          Statements**

**NOTE                    3 - LIQUIDITY AND GOING CONCERN**

**NOTE                      4 - INCOME TAXES**

|                                                                | 2006   |
|---------------------------------------------------------------------|--------|
| Income                                tax benefit at statutory rate | $      | 6,600 |
| Valuation                                allowance                  |   | (6,600) |
|                                                                | $      | - |

|                                                               | 2006   |
|--------------------------------------------------------------------|--------|
| Deferred                                tax asset attributable to: |   |
| Net                                operating loss carryover        | $      | 102,000 |
| Stock                                valuation for services        |   | (51,000) |
| Valuation                                allowance                 |   | (51,000) |
| Net                                deferred tax asset              | $      | - |

----

Table          of Contents

**Item      2.     Plan of      Operation**

**Forward-Looking      Statements**

**Plan      of Operation**

----

Table          of Contents

**Results      of Operations for the three and six months ended December 31, 2006 and      2005**

**Liquidity      and Capital Resources**

**Off      Balance Sheet Arrangements **

**Going      Concern**

----

Table          of Contents

**Item      3.     Controls and Procedures**

----

Table          of Contents

**PART      II - OTHER INFORMATION**

**Item      1.     Legal      Proceedings**

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

**Item      3.     Defaults upon Senior      Securities**

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

**Item      5.     Other      Information**

**Item      6.      Exhibits**

| **Exhibit****Number** | **Description                of Exhibit**                                                                                                                                                                                                                |
|-----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1                  | Certification                of Chief Executive Officer pursuant to 18                U.S.C. Section 1350, as adopted pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002                                                           |
| 31.2                  | Certification                of Chief Financial Officer pursuant to 18                U.S.C. Section 1350, as adopted pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002                                                           |
| 32.1                  | Certification                of Chief Executive Officer and Chief                Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted                pursuant                to Section 906 of the Sarbanes-Oxley Act of                2002 |

----

Table          of Contents

**SIGNATURES**

|   | **Technology                  Holdings, Inc.**                                                                                                                                                                                                                                                                                                             |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                       |
| Date:  | March                  16, 2007                                                                                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                       |
|   | By:                        /s/ William D. Kirkland                William                  D. KirklandTitle:**    Chief                  Executive Officer, Chief Financial Officer and                  Director** |