U.S. 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 September 30, 2006

[   ]	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
   For the transition period from           to
Commission file number 1-10190-0
b-Fast Corp.
(Name of small business issuer in its charter)

Louisiana                        72-0385274
(State or other jurisdiction
                                   (I.R.S. Employer
of incorporation or organization)
                              Identification No.)

660 Newtown-Yardley Road
Newtown, Pennsylvania 18940
(Address of principal executive offices) (Zip Code)

Issuer's telephone number (215) 860-5600

Securities registered under Section 12(b) of the Exchange Act:

   Title of each class None.  Name of each exchange on which
registered None

Securities registered under Section 12(g) of the Exchange Act:

Common Stock (without par value)
(Title of Class)

Series A Cumulative Convertible Preferred Stock (without par value)
Title of class


                                        -1-




Check whether the registrant (l) 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 __

Indicate by checkmark whether the registrant is a shell
company (as defined in Rule 12B-2 of the
Exchange Act)
	Yes __    No  X

     Check if there is no disclosure of delinquent filers in
response to Item 405 of Regulation S-B is not 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.     [X]

State issuer's revenues for the year ended September 30, 2006.  $3,853,919


     State the aggregate market value of the voting stock held by
non-affiliates as of September 29, 2006.

     -	Common Stock (without par value)	$70,095
        (1) See Note Below

-	Series A Cumulative Convertible
Preferred Stock                                 Not available
        (2) See Note Below




(1)	Based upon the average bid and asked prices of b-Fast's
Common Stock as of September 29, 2006.

(2)	There are no bid and asked prices of b-Fast's Series A
Cumulative Convertible Preferred Stock after August 18,
2004, the last date for which a published bid and asked
price is available.

     State the number of shares outstanding of each of the Company's
classes of common equity as of September 30, 2006:

-	Common Stock (without par value) 7,998,052 shares.





                                        -2-




                          b-Fast Corp.
                          FORM 10-KSB


                        TABLE OF CONTENTS



Part I                                                             Page No.

Item 1. Description of Business                                       4
Item 2. Description of Property                                       8
Item 3. Legal Proceedings                                             8
Item 4. Submission of Matters to a Vote of Security Holders           8


Part II

Item 5. Market for Common Equity and Related Stockholder Matters      9
Item 6. Management's Discussion and Analysis or Plan of Operation     10
Item 7. Financial Statements                                          14
Item 8.	Changes in and Disagreements with Accountants on
        Accounting and  Financial Disclosure                          14
Item 8A.Controls and Procedures                                       15
Item 8B.Other Information                                             15


Part III

Item 9. Directors and Executive Officers of the Registrant            15
Item 10.        Executive Compensation                                17
Item 11.	Security Ownership of Certain Beneficial Owners and
                Management and Related Stockholder Matters            18
Item 12.        Certain Relationships and Related Transactions        19
Item 13.        Exhibits                                              20
Item 14.        Principal Accountant Fees and Services                20










                                        -3-











PART I
Forward-Looking Statements

     Certain statements in this report are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995.  Actual results may differ materially from
those indicated in such statements due to the fact that we have no
operating assets as of the filing of this report.

     Additional factors that may affect our business and financial
results are our ability to obtain new capital at reasonable costs
and terms, and the effect of existing and possible future lawsuits
against us.  The forward-looking statements included in this
document are based on information available to us as of the date of
this report, and we assume no obligation to update any of these
statements.

Item 1.  Description of Business

GENERAL DEVELOPMENT OF BUSINESS

     b-Fast Corp. ("b-Fast"), founded in 1948, was incorporated in
Louisiana under the name "Pan-Air Corporation".  In 1980, we
changed our name to "Aero Services International, Inc."  In
September 1999, we again changed our name to "b-Fast Corp."  b-
Fast's corporate office is located at 660 Newtown-Yardley Road,
Newtown, Pennsylvania, 18940, and its telephone number is 215-860-
5600.

     Prior to its sale in July 2006, we supplied ground support
services for general aviation aircraft at the Harrisburg
International Airport located in Middletown, Pennsylvania.  Our
facility was more commonly referred to as a "Fixed Base Operation"
or "FBO". We provided on demand "line services" for the general
aviation fleet that included the fueling, ground handling and
storage of aircraft along with the subleasing of hangar and office
space to tenants.  In conjunction with general aviation activities,
we also provided, on a contractual basis, ground support services
for commercial airlines.  These services primarily included fueling
and de-icing.

     During fiscal year 1999, b-Fast entered into several
transactions involving the auto racing industry, all of which were
anticipated to diversify the business risks associated with our
then dependency on general aviation services.  During fiscal years
2002 through 2005, these transactions produced a major source of
our cash flow, amounting to $2,530,000.  During fiscal year 2006 we
received $265,000 from RTB/AS, L.L.C. ("RTB/AS"), which more than
offset the $185,000 used in operations.

SIGNIFICANT TRANSACTIONS

     During fiscal 1994, Triton Energy Corporation ("Triton") b-
Fast's then principal shareholder and creditor, sold all of the b-
Fast indebtedness, common stock and a large portion of b-Fast's
Series A Cumulative Convertible Preferred Stock ("Series A Stock")
to Transtech Holding Co., Inc. ("Transtech").  See Item 12 for
additional information.

     Transtech is a holding company owned and managed by individuals
with management experience and ownership (direct and indirect) of
other FBOs.  At the same time as the sale described in the
preceding paragraph, R. Ted Brant or after his death on June 28,
2000, the estate of R. Ted Brant (in both instances, "Brant"),
Bobby R. Adkins ("Adkins"), and Maurice Lawruk ("Lawruk") were
named directors of b-Fast (the "New Board").  At the same time,
Transtech agreed to forgive a portion of the debt ($2,723,000),
eliminate accrual of interest on the debt from b-Fast through
November 1994, and to forebear for three years collection of the
remaining $14,882,000 of principal debt to the extent that payments
would exceed 50% of b-Fast's available cash flow.

     In April 1995 after a series of sales of existing FBO's
designed to improve liquidity, b-Fast purchased 100% of the stock
of Mountain State Flight Services, Inc. ("Mountain State"), a West
Virginia corporation.  Mountain State operated the sole FBO at the
Morgantown, West Virginia airport.  Brant was a shareholder and




                                        -4-



President of Mountain State at the time of purchase.

     In November 1997 we began FBO operations at Harrisburg
International Airport in Middletown, Pennsylvania under the terms
of a five year lease with the Commonwealth of Pennsylvania signed
in July of that year.  On May 1, 2002 we executed a new five year
lease with the Susquehanna Area Regional Airport Authority, a
Pennsylvania municipal authority.  Under the terms of the new lease
we relocated our FBO to a better location on the airport and into a
larger facility.

     During 1998, we began exploring investments in other business
opportunities not related to the aviation industry.  To this end,
b-Fast, together with Brant, formed a limited liability company
named RTB/AS, L.L.C. in January 1999.  The purpose of this company
is to invest in the auto racing industry. We own a 99% interest in
RTB/AS and Brant owns a 1% interest with 100 % voting rights.  As
of October 1, 2001, our investment in RTB/AS is being accounted for
using the equity method.

     During 1998, the Board approved a $500,000 line-of-credit,
increased to $1,500,000 as of March 1, 1999, and further increased
to $1,800,000 in May, 1999, for Brant Motorsports, Inc. ("Inc.") a
venture involved in the auto-racing business which promoted race
cars and sold advertising.  The interest rate on the line of credit
is prime less 1%.  Inc. is owned 100% by Brant.  (See, "Item 12-
Certain Relationships and Related Transactions" for additional
information.)  At September 30, 1999, management determined that
all amounts due on the line of credit, outstanding interest and
additional advances made to Inc. were not collectible.  Therefore,
we have reserved amounts totaling $1,911,000 as of September 30,
1999.

     In June 1999, we acquired a 50% non-voting interest in Brant
Motorsports, LLC, ("LLC"), a Delaware limited liability company,
with Brant owning a 50% voting interest.  In January 2000, as part
of a restructuring of its operations and finances, Inc. transferred
all of its assets and liabilities to LLC.  The transfer offered an
opportunity for us to collect on the indebtedness of Inc.  In
connection with the transfer of the indebtedness from Inc. to LLC,
Inc. obtained relief from us from collection on all amounts
outstanding.  However, in recent years the project of getting a
racetrack built by LLC has continued forward slowly and we advanced
additional amounts to pay for consulting services on behalf of LLC.
 These advances were also reserved, and the reserved amounts total
$2,378,000 at September 30, 2006.

     On March 11, 1999 we sold our FBO at Chicago's Midway Airport
to Atlantic Aviation Flight Support, Inc. for $17,750,000 plus the
assumption of certain debt of approximately $1,012,000.  During
1999, b-Fast contributed $9,875,000 to RTB/AS from the proceeds of
this sale.  RTB/AS acquired an After Tax Economic Interest ("ATEI")
in Brant's 30% ownership interest in an auto racing entity for
$4,275,000.

     On June 28, 2000, Brant died unexpectedly.  On July 11, 2000,
Lawruk was elected Chairman of the Board to replace Brant.  Also,
on the same date, the Board elected Adkins as President and Chief
Executive Officer and appointed Richard W. Brant, MD, the son of
Brant, as a Director.

     On October 31, 2000, we sold our FBO at Morgantown, West
Virginia to the City of Morgantown for $150,000 and the release of
b-Fast from certain obligations to that City.  Even as the only FBO
on this airport, the traffic volume at this airport made it
difficult for the FBO to be consistently profitable.

     After Brant's death in 2000 his ownership in the auto racing
entity became part of his estate.  By December 2002, the estate was
settled and the ownership was transferred to his widow, Mrs. Brant.
 In April 2003, Mrs. Brant sold 24% of her ownership in the auto
racing entity plus an option on an additional 15%.  Subsequently,
Mrs. Brant has a 23% ownership interest in an auto racing entity at
September 30, 2005.  Relating to this sale RTB/AS received
$2,747,000 on May 1, 2003 with $1,008,000 of that total being a
principal payment on the $4,265,000 note receivable from Mrs.
Brant.

     The terms of the note from Mrs. Brant call for the payment of



                                        -5-


interest quarterly in arrears.  At September 30, 2006 RTB/AS had
unpaid accrued interest recorded in the amount of $526,000.  In
December 2005, the note agreement was amended to state that
interest will continue to accrue but will not be due and payable
until the principal is paid.  Payment is to be made upon the sale
of Mrs. Brant's interest in the racing entity.

     On January 14, 2005, RTB/AS borrowed $500,000 against a
$1,000,000 line of credit at one bank, and $634,000 against another
$1,000,000 line of credit.  Both lines of credit were established
in June 2003, and are secured by existing certificates of deposit.
 The $500,000 loan carries an interest rate of 7.14% and matures on
July 14, 2007.  The $634,000 loan carries an interest rate of 7.18%
and matures on July 20, 2007.

     The entire proceeds from these two loans were then loaned to
Transtech Holding Company (Transtech), a 50.89% stockholder of the
Company, on January 18, 2005 under a term note which matures
January 18, 2008, and carries an interest rate equal to the prime
rate as published in the Wall Street Journal and payable quarterly
in arrears.  As of October 24, 2006 interest has been paid through
June 30, 2006.

     During fiscal 2006, RTB/AS borrowed an additional $130,000
against the line of credit with the interest rate of 7.14%
increasing the balance due at September 30, 2006 to $630,000.

     On June 7, 2006 we sold our Beech King Air aircraft that had
been used for charter for $967,000 and paid off the note and
accrued interest due to Cessna Finance Corporation in the amount of
$877,000.  The sale generated a gain of $95,000.

     On July 25, 2006 we sold our remaining FBO at Harrisburg,
Pennsylvania to Avflight Harrisburg Corporation ("Avflight") for
$2,610,000.  We received $525,000 at closing.  Avflight was to pay
$1,600,000 within 10 days of the satisfaction of certain conditions
enumerated in the agreement.  This amount was received on October
24, 2006.  Also, Avflight will pay the balance of $485,000 in 20
equal quarterly installments of $24,250 commencing on October 31,
2006.

BUSINESS OF ISSUER

     Prior to its sale, we supplied ground support services to
corporate and other general aviation aircraft at an FBO located at
the Harrisburg International Airport, in Middletown, Pennsylvania.
 We provided line services, subcontracted maintenance and repairs
of aircraft, and leased hangar space to various tenants.  We also
provided ground support services (including fueling) to commercial
airlines, air freight carriers and overnight courier services.
Over the past several years we entered into certain transactions
that are directly and indirectly related to motorsports and auto
racing.  These transactions yielded a substantial portion of our
cash flow in the last fiscal year.

Line Services

     Line services are ground support services that facilitate the
day-to-day operation of aircraft.  The primary line services we
rendered are aircraft fueling, handling, cleaning, towing, tie-down
and aircraft hangar storage.  In connection with these services, we
provided amenities for the passengers and crews of the aircraft,
such as passenger and pilot lounges, flight planning assistance and
weather information facilities, conference facilities, arranging of
travel and hotel accommodations, aircraft catering and ground
transportation.

     Our line service customers were primarily owners and operators
of corporate aircraft, including those based at our Harrisburg
facility and others that are transient.  The business of providing
line services is highly competitive.




                                        -6-


Hangar Leasing

     We leased hangar and ramp (tie down) space to customers whose
aircraft are based at our Harrisburg facility and to various
aviation related businesses.  Leases of hangar space vary in
duration and are most often associated with line service customers
who operate corporate and private aircraft.

Commercial Airline Services

     Commercial airline ground support services were provided to
airlines and regional air carriers on a contractual basis at the
Harrisburg FBO.  Services provided included aircraft fueling and
de-icing.  In commercial airline fueling, we received a fee for
transporting fuel owned by the airline from a storage facility and
pumping the fuel into the airline's aircraft.

RESEARCH AND DEVELOPMENT:  NEW PRODUCTS

     The nature of our business has been service related with no
amounts of money devoted to research and development or new
products.

ENVIRONMENTAL PROTECTION

     Our business operations previously involved the storage,
handling and sale of aviation fuel utilizing underground storage
tanks ("USTs") at various facilities, most recently being the FBO
at Chicago that was sold in March 1999.  The FBO at Harrisburg
International Airport used above ground storage tanks.  While these
tanks also may leak or otherwise bend to environmental issues,
identification of a problem generally is easier, given the tank is
not below ground.  In general however, our operations were subject
to a number of federal, state and local environmental laws and
regulations, that govern the use of hazardous substances, including
the storage and sale of aviation fuels, and also including
regulations of USTs.

     While b-Fast believes that all EPA problems have been
identified and where required adequately provided for in its
financial statements, we realize that additional and potentially
substantial environmental liabilities may arise in the future.  We
do not anticipate experiencing any competitive disadvantage because
the entire industry is subject to these regulations.  (See "Note I.
Item 3. - Commitments and Contingent Liabilities - Environmental
Matters").

     We do not presently maintain insurance covering losses
associated with environmental contamination.  As of September 30,
2006, we are aware of three potential claims for environmental
contamination.  The first site involves a formerly operated
facility in North Carolina where we may be liable (jointly with
others) for cleanup of a fuel farm.  Our liability in the matter is
limited to $47,000.  The second claim involves a site (sold in
June 1988) in Wisconsin where we believe we have substantially
completed the cleanup and are in the process of reaching closure.
Costs of the Wisconsin cleanup are substantially borne by a Trust
Fund of the State of Wisconsin.  The third site involves a facility
in Illinois which was sold by us in 1999.  At the time of the sale,
we established an escrow fund of $390,000 to provide for any
cleanup which may be necessary when the fuel tanks are later
removed.  This escrow fund expired in March 2002 and $445,000 was
returned to us.  To the best of our knowledge, the fuel tanks have
not been removed as of September 30, 2006.

     We may be subject to added exposure on environmental issues
either because new situations of contamination are discovered
and/or because the regulatory environment becomes more burdensome.
 Nonetheless,  we have taken reasonable steps to accurately
estimate future expenses required by compliance with environmental
regulations.  Based on all information available to date, and
further based on existing regulations, we believe we have
established sufficient accruals to meet our estimated identified
obligations.

GOVERNMENT CONTRACTS

     b-Fast does not have any contracts with the Government that are
subject to renegotiation of profits.




                                        -7-






EMPLOYEES

     As of September, 2006, we had 5 full-time and no part-time
employees.  None of our employees is represented by a union.

Item 2.  Description of Properties

     b-Fast's corporate headquarters are located at 660 Newtown-
Yardley Road in Newtown, Pennsylvania.  The current lease is month
to month with a 90 day notice to cancel.

Item 3.  Legal Proceedings

	We are aware of only one legal action against us.  The action
was initiated by the taxing authority of the State of New York and
is described in the following paragraph.  It is possible that there
are unasserted, potential claims against us.  Such claims could be
asserted against us at some point in the future.  It is not
uncommon for us to encounter litigation that arises as a result of
our business operations.

	From December 1994 through December 1996, b-Fast received
quarterly tax assessments from the State of New York for periods
from September 1991 through November 1993 (collectively, the
"Assessments") relating to our former operations at a FBO in
Westchester, New York.  We timely filed appeals for the
Assessments.  The Assessments resulted from an audit by the
Division of Taxation that was performed in September 1994.  On
November 8, 2001 an Administrative Law Judge denied our appeals and
sustained the Assessments, together with penalties and interest.
We appealed this decision.  On September 12, 2002, the State of New
York, Tax Appeals Tribunal affirmed the decision of the
Administrative Law Judge, together with penalties and interest in
the amount of $2,267,237.  We accrued additional interest of
$171,000 and $213,000 during fiscal years 2005 and 2006,
respectively.  We are unable to predict if efforts at negotiating
the liability will be successful, and if so, what the final
liability will be.

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

     An annual meeting of shareholders was held on September 26,
2006 in Harrisburg, Pennsylvania for the purposes of electing
directors, ratifying the sale of the Harrisburg FBO to Avflight
Harrisburg Corporation, and ratifying the appointment of
WithumSmith+Brown, P.C. as the independent registered public
accountants for b-Fast for 2006.  All of the current directors were
re-elected for a one year term and the sale of the FBO and the
appointment of WithumSmith+Brown, P.C. were ratified.







                                        -8-














PART II

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

(a)  PRICE RANGE OF COMMON STOCK

     Our Common Stock is traded in the "pink sheets" under the
symbol BFTC.

     The following table sets forth the high and low bid prices of
the common stock for the periods indicated. The bid prices
represent inter-dealer quotations, without retail mark-ups,
mark-downs or commissions, and may not represent actual
transactions.

                                          COMMON

                                   HIGH             LOW

Fiscal Year 2006:
  First Quarter                    .01             .006
  Second Quarter                   .02             .008
  Third Quarter                    .025            .007
  Fourth Quarter                   .0375           .01

Fiscal Year 2005:
  First Quarter                    .01             .01
  Second Quarter                   .01             .006
  Third Quarter                    .015            .006
  Fourth Quarter                   .015            .01

(b)  APPROXIMATE NUMBER OF EQUITY SECURITY HOLDERS

     As of September 30, 2006 there were approximately 526 record
holders of the Common Stock.  Included in the number of
stockholders of record are stockholders who have chosen to have
their shares held in "nominee" or "street" name.  We do not know
how many additional shareholders are so represented.

(c)  DIVIDENDS

     Dividends on the Series A Stock are cumulative from the date of
issue and payable quarterly, except in certain circumstances as
defined in the articles of incorporation.  Under b-Fast's current
circumstances, we are not required or may not pay such dividends on
Common Stock or Series A Stock.  Additionally, a credit facility
with an affiliate signed in December 1989 prohibits the payment of
any dividends on Common stock without the prior written approval of
the lender.  Cash dividends and certain other distributions on
Common Stock are also prohibited unless all accrued dividends on
the Series A Stock have been paid.  Therefore, we have not paid
cash dividends on its Series A Stock or Common Stock.  We do not
anticipate that we will pay any cash dividends in the foreseeable
future.




                                        -9-





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

Results of Operations

     The following table presents, as a percentage of net sales,
certain selected financial data for the Company for the periods
indicated.

                                                  YEAR ENDED
                                                 SEPTEMBER 30,
                                              2006           2005

Net Sales                                    100.0%         100.0%
Cost of Sales                                 48.6           43.3
Departmental costs                            47.7           48.6
Administrative costs                          11.9           11.7
Gain on sale of FBO operation                (63.3)            -
Equity in income of unconsolidated entity     (7.6)          (5.3)
Interest expense                              40.2           27.1
Other income (expense)                         2.6           (0.7)
Net income (loss)                             25.1          (24.7)

      The results of operations are presented for the years ended
September 30, 2006 and 2005.  Income and expenses not directly
related to Harrisburg are shown as Corporate.

                                        September 30, 2006
                                   (Dollar amounts in thousands)

                                     DISCONTINUED  CONTINUING
                                  OPERATIONS   OPERATIONS    TOTAL

NET SALES                           $3,854  $     -         $ 3,854

COSTS AND EXPENSES
Cost of Sales                        1,871        -           1,871
Departmental Costs                   1,431      406           1,837
Administrative Costs                   106      352             458
Income (Loss) from
  operations                        $  446    $(758)         $ (312)



                                        September 30, 2005
                                   (Dollar amounts in thousands)

                                        DISCONTINUED  CONTINUING
                                  OPERATIONS      OPERATIONS    TOTAL

NET SALES                           $4,526   $    -         $ 4,526

COSTS AND EXPENSES
Cost of Sales                        1,960        -           1,960
Departmental Costs                   1,767      434           2,201
Administrative Costs                   123      407             530
Income (Loss) from
  operations                        $  676  $  (841)        $  (165)






                                        -10-




Comparison of the Years Ended September 30, 2006 and 2005

      Because of the sale of the Harrisburg FBO in July 2006,
comparisons between the two years will be skewed.  For both years,
on average, Harrisburg accounted for 95% of total sales and cost of
sales, 75% of total departmental costs, and 23% of total
administrative costs.  Therefore, a majority of the sales and
expenses in the year ended September 30, 2006 will be for only a
ten month period of operations.  In addition, since there will be
no operations in fiscal year 2007, the following analysis should
not be used in projecting future results.

      Departmental costs at continuing operations decreased by
$28,000 in fiscal 2006, with the major decreases being $17,000 in
payroll and  benefits and $7000 in insurance.

      Administrative costs at continuing operations decreased $55,000
in fiscal 2006.  Increases in legal fees of $33,000 and travel
related expenses of $6,000 were reduced by decreases in
depreciation of $42,000 resulting from the sale of the aircraft
used for charter, and bad debt expense netted with bad debt
recovery of $56,000.

      Equity in income of unconsolidated entity of $292,000 is our
share of the earnings of RTB/AS, as recorded using the equity
method.

      Interest expense increased $327,000 during fiscal 2006.  Parent
interest increased $290,000 and other interest increased $37,000
resulting from an additional $42,000 being accrued for the New York
State tax matter and a decrease of $7,000 because of the sale of
the aircraft in June 2006.  The majority of our debt carries
adjustable interest rates related to the prime rate, which began
the fiscal year at 6.75% and ended the year at 8.25%.

      Income from discontinued operations is the amount of income
generated by the Harrisburg FBO that was sold in July 2006, and by
the aircraft charter operation.  The aircraft was sold in June
2006.  The $2,497,000 recorded for fiscal 2006 includes $1,956,000
of gain on the sale of the FBO, and $95,000 gain on the sale of
aircraft, with the balance of $446,000 the result of operations for
the ten month period.

      Sales at the FBO decreased $558,000 in fiscal 2006.
Annualizing the sales for the ten months would show an approximate
increase of $187,000.  Aircraft charter sales decreased $114,000
resulting from the sale of the aircraft in June 2006.

      Cost of sales as a percentage of sales at the FBO increased
4.9%, a result of rising fuel costs being passed on in selling
prices producing a reduction in gross margin.

      Departmental costs at the FBO decreased $297,000 in fiscal
2006, but when annualized there is minimal change.  These costs
relating to aircraft charter decreased $39,000.

      Administrative costs at the FBO decreased $17,000 in fiscal
2006, but the decrease is only about $6,000 when annualized.

Liquidity and Capital Resources

	During fiscal 2006, the return on our investment in RTB/AS
provided $265,000, more than offsetting the $185,000 used in
operations.  The sale of Harrisburg and the Company aircraft
provided an additional $1,492,000 of which $956,000 was used to
reduce notes payable and another $2,000 was used to purchase fixed
assets, providing us with $638,000 at September 30, 2006.  An
additional $1,600,000 that was due to us for the sale of Harrisburg
was received in October 2006.  Our working capital deficit
decreased by $802,000 to ($26,895,000).  Current assets increased
by $1,896,000 primarily from notes receivable due from the sale of
Harrisburg of $1,697,000 and an increase in cash of $633,000.
These increases were reduced by a decrease in accounts receivable
of $373,000, mainly through collections.  Current liabilities
increased $1,094,000 with interest due parent increasing





                                        -11-



$1,247,000, interest on the New York fuel taxes increasing $213,000
and deferred revenue increasing $97,000.  Accounts payable was
reduced by $248,000, current debt was reduced by $123,000, and
other accrued expenses were reduced by $92,000.

      The accompanying financial statements have been prepared
assuming that b-Fast will continue as a going concern.  Although b-
Fast has a net income of $483,000 for the year ended September 30,
2006, it has deficiencies in working capital and stockholders'
equity of $26,895,000 and $21,140,000 respectively, at September
30, 2006, which raises substantial doubt about its ability to
continue as a going concern.

Management's plans consist of the following:

	We will continue to explore investments in other business
opportunities not related to the aviation industry.  To this end,
b-Fast, in conjunction with Brant formed RTB/AS in January, 1999.
The purpose of this company is to invest in the auto racing
industry.  During fiscal 1999 we made a capital contribution
totaling $9,875,000.  As part of the RTB/AS transaction, RTB/AS
purchased an ATEI in Brant's 30% ownership interest in an auto
racing entity.  The ATEI is defined as dividends and other
distributions minus all of the applicable income taxes of Brant
from his 30% ownership interest in the auto racing entity.  Upon
Brant's death on June 28, 2000, his 30% ownership in the auto
racing entity became part of the R. Ted Brant estate as did his
partnership interest in RTB/AS.  By the end of December 2002, the
estate was settled and the ownership passed to his widow, Kathryn
Brant.  We received $1,251,000 of cash distributions from RTB/AS
during fiscal years 2003 through 2005, and $265,000 during fiscal
2006 for which we reduced our investment account accordingly.  The
distributions from RTB/AS represent a substantial portion of b-
Fast's cash flow.

	The shareholders have authorized the issuance of additional
shares of common stock, no par value, in consideration of the
forgiveness by Transtech of $6,253,000 of indebtedness owed to
Transtech by the Company.  The Company currently does not have
sufficient registered common stock to effect this proposal and
therefore has not yet implemented it.  The plan calls for the
Company to exchange the Company's Series A Cumulative Convertible
Preferred Stock into Common Stock, no par value, at a rate of eight
shares of Common Stock for every one share of Preferred Stock for
every holder other than Transtech Holding Company, Inc., and four
shares of Common Stock for every one share of Preferred Stock for
Transtech.  The Company is considering what steps, if any, it will
take with respect to the proposal.

	The net income for fiscal 2006 was $483,000.  Cash flows used
in operating activities amounted to approximately $185,000.  Cash
provided by investing activities was $1,755,000 during fiscal 2006.
 Proceeds from the sale of fixed assets of $1,492,000 and the
return of investments in unconsolidated entity of $265,000 were
reduced by the purchase of $2,000 of property and equipment.  Cash
used in financing activities was $937,000 during fiscal 2006,
primarily for the principal payments of notes payable-other of
$956,000.

	We believe that the funds generated from investments and
existing capital reserves are sufficient to keep us solvent until a
decision is made for the utilization of the proceeds from the sale
of Harrisburg.

Off-Balance Sheet Arrangements

	There are no off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on the
Company's financial condition, changes in financial condition,
revenues or expenses, results of operations, liquidity, capital
expenditures or capital resources that is material to investors.

Application of Critical Accounting Policies
       b-Fast Corp.'s financial statements are prepared in accordance
with accounting principles that are generally accepted in the
United States. The methods, estimates, and judgments we use in
applying our most critical accounting policies have a significant
impact on the results we report in our financial statements. The
Securities and Exchange Commission has defined critical accounting
policies as policies that involve critical accounting estimates
that require (i) management to make assumptions that are highly
uncertain at the time the estimate is made, and (ii) different





                                        -12-







estimates that could have been reasonably used for the current
period, or changes in the estimates that are reasonably likely to
occur from period to period, which would have a material impact on
the presentation of our financial condition, changes in financial
condition or in results of operations. Based on this definition,
our most critical policies include: investment accounting,
allowance for doubtful accounts and long-lived assets.  We discuss
these policies further below, as well as the estimates and
management's judgments involved.  We believe these policies either
do not generally require us to make estimates and judgments that
are as difficult or subjective, or it is less likely that they
would have a material impact on our reported results of operation
for a given period.
       The Company uses the equity method of accounting for its
investment in an unconsolidated entity.  While the Company owns 99%
of the equity, it has no voting stock, and therefore does not
control the entity.  However, the Company exercises significant
influence by maintaining the entity's checkbook, accumulating data
for tax returns and having the President and Chief Executive
Officer serve as the manager of the unconsolidated subsidiary.  The
Company has considered the requirements of FIN 46 R and has
determined that they do not apply to this entity.
       The allowance for doubtful accounts is based on our assessment
of the collectibility of specific customer accounts and an
assessment of economic risk as well as the aging of the accounts
receivable.  If there is a deterioration of a major customer's
credit worthiness or actual defaults are higher than our historical
experience, our estimates of recoverability of amounts due us could
be adversely affected.
       We estimate the useful lives of property and equipment in
order to determine the amount of depreciation and amortization
expense to be recorded during any reporting period. The majority of
our equipment is depreciated over four to seven years. The
estimated useful lives are based on historical experience with
similar assets as well as taking into account anticipated
technological or other changes. If technological changes were to
occur more rapidly than anticipated or in a different form than
anticipated, the useful lives assigned to these assets may need to
be shortened, resulting in the recognition of increased
depreciation in future periods. We review for impairment annually
or when events or circumstances indicate that the carrying amount
may not be recoverable over the remaining lives of the assets. In
assessing impairments, we follow the provisions of Statement of
Financial Accounting Standards No. 144 "Accounting for the
Impairment or Disposal of Long-Lived Assets," utilizing cash flows
which take into account management's estimates of future
operations.

Risks Related to Our Business

	As of the filing date of this report we no longer operate the
FBO portion of our business.  Should we acquire another FBO in the
future, we would be entering a highly competitive environment.
Factors that might effect our business and financial results would
be the effect of planned and unplanned outages on our operations;
the potential impact of strikes or work stoppages at facilities of
our customers and suppliers; the sensitivity of our results to
relatively small changes in the prices we obtain for our products;
the consolidation of many of our customers and suppliers; the costs
associated with environmental controls and remediation expenditures
and the uncertainty of future environmental control requirements;
availability and prices associated with raw materials, supplies,
utilities and other services and items required by our operations;
employment matters; our ability to obtain new capital at reasonable
costs and terms; and the effect of existing and possible future
lawsuits against us.  The continued cash flow from our investment
in RTB/AS is dependent on the continued strong public support of
auto racing and the resulting purchases of racing souvenirs such as
model cars, hats and jackets.
Impact of Inflation

      We do not believe that inflation has had any material impact
upon our business or operations as we have generally been
successful in passing along normal inflationary increases in costs
to our customers.  Unusual or excessively large increases in the
price of fuel could also be passed along, subject to certain
competitive situations, but overall demand would likely be reduced.






                                        -13-






Environmental Issues

      During fiscal 2006 and 2005, we incurred minor clean-
up/remediation expenses in complying with regulations.  At
September 30, 2006, our financial statements include accruals of
$100,000 for expected future clean-up/remediation costs for
existing known liabilities.
	Although the escrow for environmental remediation in connection
with the sale of the Chicago FBO expired in March 2002 and the
funds were returned, a contingent liability exists within the sales
agreement.  The agreement states that sellers shall pay 100% of
buyers' expenses of remediation up to the first $390,000 and 50% of
the next $390,000, for a maximum of $585,000.  There have been no
remediation expenses incurred to date, and we have no knowledge if
and when any will be incurred.

Recent Accounting Pronouncements

	In June 2006, the Financial Accounting Standards Board ("FASB")
issued interpretation No. ("FIN") 48, Accounting for Uncertainty in
Income Taxes.  FIN No. 48 clarifies the accounting for uncertainty
in income taxes recognized in a company's financial statements in
accordance with FASB No. 109, Accounting for Income Taxes.
Specifically, the pronouncement prescribes a recognition threshold
and a measurement attribute for the financial statement recognition
and measurement of a tax position taken or expected to be taken in
a tax return.  This interpretation also provides guidance on de-
recognition, classification, interest and penalties, accounting in
interim periods, disclosure and transition of uncertain tax
positions.  The interpretation is effective for fiscal years
beginning after December 15, 2006.  The Company does not expect the
adoption of FIN No. 48 to have an impact on its consolidated
financial statements.

	In September 2006, the FASB issued SFAS No. 157, Fair Value
Measurements.  This statement clarifies the definition of fair
value, establishes a framework for measuring fair value, and
expands the disclosures on fair value measurements.  SFAS No. 157
is effective for fiscal years beginning after November 15, 2007.
The Company does not expect the adoption of SFAS No. 157 to have an
impact on its consolidated financial statements.

	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, and 106 and 132
(R).  SFAS No. 158 requires an employer to recognize in its
statement of financial position an asset for a plan's overfunded
status or a liability for a plan's underfunded status, measure a
plan's assets and its obligations that determine its status as of
the end of the employer's fiscal year, and recognize changes in the
funded status of a defined benefit postretirement plan in the year
in which the changes occur.  Those changes will be reported in
comprehensive income and as a separate component of shareholders'
equity.  The requirement to recognize the funded status of defined
benefit postretirement plans is effective for fiscal years ending
after December 15, 2006.  SFAS No. 158 will have no impact on the
Company's consolidated financial statements.
Item 7.  Financial Statements
       The response to this item is submitted as a separate Section
(S - Pages) of this report.
Item 8.  Changes In and Disagreements With Accountants on
Accounting and Financial Disclosure

	None.


Item 8A.  Controls and Procedures

(a)  CEO/CAO Conclusions about the Effectiveness of the
     Disclosure Controls and Procedures.  As
     required by Rule 13a-15(b), management, including our
     CEO and CAO, conducted an evaluation
     as of the end of the period covered by this Report, of
     the effectiveness of our disclosure controls
     and procedures.  Based on that evaluation, our CEO
     and CAO concluded that our disclosure
     controls and procedures are effective to provide
     reasonable assurance that the disclosure controls



                                        -14-






     and procedures will meet their objectives.

(b)	Changes in internal controls.  There were no changes in
the Company's internal controls or in other factors that
could significantly affect these controls subsequent to the
date of their evaluation.  There were no significant
deficiencies or material weaknesses, and therefore there
were no corrective actions taken.

Item 8B.  Other Information

	None.
PART III

Item 9.  Directors and Executive Officers of the Registrant

      The Executive Officers and Directors of b-Fast are as follows:

Name                                Age                           Position

Bobby R. Adkins (1) (2)             60                     Chairman of the
                                                           Board of Directors,
                                                           President and Chief
                                                           Executive Officer

Alice F. Buford (2)                 57                     Director

James R. Affleck, Jr. (1)           66                     Director and
                                                           Vice President,
                                                           Assistant Treasurer,
                                                           and
                                                           Assistant Secretary

Richard W. Brant, M.D.              36                     Director

Paul R. Slack                       66                     Chief Accounting
                                                           Officer, Controller,
                                                           Treasurer and
                                                           Secretary

(1)  Member of the Human Resources Committee
(2)  Member of the Audit Committee

      The Company has an Audit Committee of the Board of Directors,
which supervises the audit and financial procedures of the Company.
 The members of the Audit Committee are Bobby R. Adkins and Alice
F. Buford.  The Company's Audit Committee does not have a member
that qualifies as a financial expert under the federal securities
laws.  Each of the members of the Audit Committee have been active
in the business community and have broad and diverse backgrounds
and financial experience.  The Company believes that the current
members of the Audit Committee are able to fully and faithfully
perform the function of the Audit Committee and that the Company
does not need to install a financial expert on the Audit Committee.
Code of Business Conduct and Ethics

	The Company has not adopted a code of ethics that applies to
its principal executive officer and principal accounting officer
(controller) and persons performing similar functions.

	In light of the fact that the Company's Chief Executive Officer
acts as the Company's principal executive officer and the
relatively small number of persons employed by the Company, the
Company did not previously adopt a formal written Code of Business



                                        -15-




Conduct and Ethics.
      Except for directors elected by the Board to fill vacancies,
all of the directors are elected at the Annual Meeting and hold
office for a period of one year or until successors are elected and
qualified.  All of the above named directors, were elected at the
September 26, 2006 Annual Shareholders Meeting.

      The officers are the Chief Executive Officer, President,
Secretary, Chief Accounting Officer, Treasurer, and such other Vice
Presidents as are elected by the Board.  All of the officers are
elected by the Board and serve at the pleasure of the Board.

      Bobby R. Adkins was elected to the Board on May 20, 1994.  He
was appointed as Chief Operating Officer in November 1995, a
position formerly held by Wallace Congdon.  Mr. Adkins is a member
of the Board of Directors and the Vice President Operations of
Transtech, and has served as Secretary and Treasurer of Valley Air
Services, Inc. ("Valley Air") since 1989.  Mr. Adkins holds
Associate degrees in Accounting, Business Administration, and Law
Enforcement, and is a licensed commercial pilot and certified
flight instructor.  On July 11, 2000, Mr. Adkins was elected
President and Chief Executive Officer to replace Brant. The
position of Chief Operating Officer vacated by Mr. Adkins was not
filled.  Mr. Adkins was elected Chairman of the Board on January
18, 2005 to replace Maurice A. Lawruk, who resigned.

      Alice F. Buford was elected to the Board on September 3, 1998.
 Ms. Buford is Secretary/Treasurer and fifty percent owner in a
real estate development/management company, Appalachian Properties,
Inc.  Ms.  Buford is also a shareholder and Secretary of Valley
Air, and is a shareholder of Transtech.

      James R. Affleck, Jr. was appointed Assistant Treasurer in May
1994, and in March 1997 he was appointed Assistant Secretary and
Vice-President.  In August 1998 the members of the Board elected
him as a director.  Mr. Affleck's duties involve general oversight
of cash management, insurance, human resources and benefit programs
and investor relations.

      Richard W. Brant, MD was appointed to the Board on July 11,
2000.  Dr. Brant received both a Bachelor of Arts and Doctor of
Medicine degree from West Virginia University.  He is a partner and
managing member of Brant Medical Services, LLC, a medical
consulting firm, and is the son of Kathryn Brant, a major
shareholder of Transtech.

      Paul R. Slack was named Controller in May 1989.  In
February 1991, the Board appointed Mr. Slack as Chief Accounting
Officer and Controller.  Subsequently, in November 1991 Mr. Slack
was appointed Assistant Secretary.  In May 1994, he was appointed
Treasurer and, in March 1997 he was appointed Secretary in addition
to his other offices.

Compliance with Section 16(a) of the Securities 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, directors and
greater than ten-percent beneficial owners were timely filed.

Item 10.  Executive Compensation

CASH COMPENSATION

      The following table shows the cash compensation paid to or




                                        -16-



accrued to, or for the benefit of, each of b-Fast's executive
officers whose aggregate compensation exceeded $100,000 per annum
for services rendered to us during the year ended September 30,
2006:

I.	SUMMARY COMPENSATION TABLE

                                   Annual Compensation       All Other
Name and Principal Position     Year      Salary    Bonus   Compensation
                                            ($)      ($)         ($)

Bobby R. Adkins, President      2006    100,150     -0-          -0-
Chief Executive Officer         2005    100,509     -0-          -0-

COMPENSATION OF DIRECTORS

      Directors receive an annual compensation of $12,000, plus $500
per meeting.  Fees totaling $50,000 were paid to Directors through
September 30, 2006.

III.  OPTIONS/SAR EXERCISES AND YEAR-END VALUE TABLE


               Aggregate Option/SAR Exercises in Last Fiscal Year,
                       and Fiscal Year End Option/SAR Value




<TABLE>









                                 <c>                <c>                          <c>                          <c>


                                                                                                         Value of Unexercised
                                                                   Number of Unexercised                  In-the-Money
                                                                   Options/SARs at FY-End             Options/SARs at FY-End

                       Share Acquired        Value                       Exercisable/                       Exercisable/
Name                   on Exercise          Realized                    Unexercisable                      Unexercisable

Bobby R. Adkins            -0-                -0-                          0/0                              $0.00/$0.00



</TABLE>



                                        -17-






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

      The following tables set forth, as of September 30, 2006,
except as otherwise indicated, information with respect to stock
ownership of (i) each Director, (ii) each person known by b-Fast to
own beneficially more than 5 percent of the outstanding Common
Stock, (iii) each person known to b-Fast to own beneficially more
than 5 percent of the outstanding Series A Stock, and (iv) all
officers and Directors as a group.  This information has been
provided to b-Fast by the persons named below.






<TABLE>





                         <c>            <c>         <c>            <c>

                           Amount and                 Amount of
                           Nature of       Percent    Nature of
                           Beneficial      of Class   Beneficial      Percent of
Name and                   Ownership       of         Ownership       Class of
Address of                 of Common       Common     of Series A     Series A
Beneficial Owner           Stock (1)       Stock      Stock (1,2,6,7) Stock (1,2,6,7)

Transtech Holding
Company, Inc.             4,446,065 (3)   50.89%         103,540          71.8%
1331 12th Avenue
Suite 109
Gables Office Complex
Altoona, PA 16601

John F. Bricker Estate      401,038         5.0%               -             -
826 Union Street, Suite 300
New Orleans, LA 70112

Alinco S.A.                 327,990 (4)     4.1%
c/o Faust, Rabbach &
 Stanger
488 Madison Avenue
New York, NY 10022

Cesamar, S.A.               327,990 (4)     4.1%
c/o Faust, Rabbach &
 Stanger
488 Madison Avenue
New York, NY 10022

Project Bond Limited        327,990 (4)     4.1%
c/o Faust, Rabbach &
 Stanger
488 Madison Avenue
New York, NY 10022

All Directors and            71,568 (5,6,7)   *
Officers as a group



</TABLE>




*  Denotes ownership of less than one percent (1%) of the indicated class.


(1)	Except as otherwise noted, the shareholders listed exercise
sole voting and investment power, subject to the community
property laws where applicable.  Information with respect to
beneficial ownership is based upon information furnished by
each stockholder.




                                        -18-







(2)	On or about June 30, 1988, the holders of the Series A  Stock
became entitled  (pursuant to the articles of  incorporation),
voting separately as a class, to elect two directors, to serve
on the Board in designated  positions (the "Designated
Directors") as a result of  b-Fast's failure to pay six
quarterly dividends on the  Series A Stock.  Under the articles
of incorporation, the  holders of Series A Stock cannot vote
with Common Stock for  the election of b-Fast's directors while
entitled to elect  directors to serve as Designated Directors.

(3)	During December 1998, Transtech purchased all of the Series A
Stock previously held by Triton.

(4)	Alinco S.A., Cesamar, S.A., and Project Bond Limited  consider
themselves a "group" within the meaning of SEC  Rule 13d.

(5)	This amount does not include common stock owned by Transtech,
whose principal owners include Bob Adkins, Chairman of the
Board of Directors and President and CEO of b-Fast, and
Directors Richard Brant and Alice Buford.  All previously
issued stock options have expired.

(6)	This amount does not include 500 shares of Series A Preferred
stock owned by Mr. Affleck's spouse.  Mr. Affleck disclaims
beneficial ownership of those shares.

(7)	This amount does not include 8,000 share of Common Stock (which
includes 4,000 shares of Common Stock issuable upon conversion
of 500 shares of Series A Stock) owned by Mr. Affleck's wife.
Mr. Affleck disclaims beneficial ownership of these shares.

Item 12.  Certain Relationships and Related Transactions.

EMPLOYMENT CONTRACTS

     No employee had employment contracts during 2006.

RELATED PARTY TRANSACTIONS

     In May 1994 Triton sold the majority of its equity in b-Fast to
Transtech.  At September 30, 2006, Transtech owned 50.9% of our
common stock and 71.8% of b-Fast's preferred stock.  b-Fast is also
indebted to Transtech in the amount of $14,866,901, in the form of
notes that were purchased from Triton.  During Fiscal 2006, we made
no payments on these loans, and $1,294,000 of interest expense was
recorded against these loans of which $47,000 was paid.  During
fiscal year 2005, we made no payments on these loans, and
$1,004,000 of interest expense was recorded against these loans of
which none was paid.  At September 30, 2006, we have $11,292,000 of
accrued interest due to Transtech recorded on the balance sheet.
On November 7, 2003, b-Fast entered into a Note Modification
Agreement with Transtech whereby Transtech has agreed to extend the
repayment terms on the principal and all accrued but unpaid
interest thereon until March 20, 2005 and has not been further
extended.  As a result, the principal and accrued interest on these
notes have been classified as short-term obligations at September
30, 2006.

     During fiscal year 1998, the Board approved a $500,000 line-of-
credit, later increased to $1,500,000 in March 1999, and to
$1,800,000 in May 1999, for Inc., whose principal was Brant.  The
interest rate on the line of credit is prime less 1%.  Inc. is
pursuing an opportunity to potentially develop a NASCAR racetrack,
exhibition site and sales facility (the "Project").  Inc. had an
exclusive option to potentially develop the Project near the
Pittsburgh International Airport.  This option expired on
December 31, 2001.  Inc. is also evaluating other locations
including but not limited to Youngstown, Ohio in which to
potentially develop the Project.  Retroactive to January 2000,
Inc., transferred all of its assets, liabilities and rights
relating to the Project to LLC under an assignment agreement dated
October 2001.  b-Fast acquired a 50% non-voting ownership interest
in LLC in June 1999.  Brant held a 50% voting interest.  Given the
significant losses incurred and the financial condition of Inc.
management had determined that all amounts due from Inc. under the
line of credit, for interest and additional advances were not




                                        -19-




collectible.  As a result, we charged administration costs for
$1,911,000 during fiscal year 1999.  In fiscal 2001 and 2000, we
made additional advances of $111,000 and $127,000, respectively in
connection with the Project.  Given the continued losses and the
financial condition of Inc. management had determined that the
additional advances were not collectible.  As a result, b-Fast
charged administration costs for $111,000 and $127,000
respectively, during fiscal years 2001 and 2000.  However, in
recent years the project of getting a racetrack built by LLC has
continued forward slowly and we advanced additional amounts to pay
for consulting services on behalf of LLC.  These advances were also
reserved, and the reserved amounts total $2,378,000 at September
30, 2006.

	As of September 30, 2006, the Company has a payable to RTB/AS
in the amount of $132,000 included on the balance sheet in accrued
expenses-other.

	RTB/AS recorded $242,000 of interest income in fiscal 2006
related to a note receivable from Mrs. Brant.  The balance of the
note receivable as of September 30, 2006 was $3,257,000, and the
balance of accrued interest on the note receivable was $526,000.

	RTB/AS recorded $88,000 of interest income in fiscal 2006
related to a note receivable from Transtech.  The balance of the
note receivable as of September 30, 2006 was $1,134,000.

	By unanimous consent of the Board of Directors, the Company is
paying the widow of a former company officer salary and health
insurance through December 31, 2006.  The cost from October 2006
until December 2006 is approximately $2,000.

     For the year ended September 30, 2006 RTB/AS paid management
fees in the amount of $22,000 to the Company's Chief Executive
Officer and Chairman of the Board of Directors Bobby Ray Adkins.

Item 13.  Exhibits

See Index of Exhibits annexed hereto.

Item 14.  Principal Accountant and Fees

Independent Auditor Fees

	Fees for professional services provided by the Company's
independent auditors, WithumSmith+Brown, P.C., for the years ended
September 30, 2006 and 2005 are as follows:
                                   2006                2005
    Audit fees                  $59,550             $61,240
    Tax fees                      7,250               5,500
    Totals                      $66,800             $66,740

Audit Fees

	Audit fees consist of fees relative to the audit of the
Company's year-end financial statements and review of the Company's
quarterly reports on Form 10-QSB.

Tax Fees

	Tax fees consist of fees relative to preparation of the
Company's consolidated United States federal and state tax returns
in 2005 and 2004.

Audit Committee Pre-Approval Policy

	It is the policy of the Company's audit committee to approve
all engagements of the Company's independent auditors to render
audit or non-audit services prior to the initiation of such
services.






                                        -20-





     Pursuant to the requirements of the Securities Exchange Act of
1934, this report is signed below by the following persons in the
capacities and on the dates indicated.

     Signature                           Title             Date



/s/ Bobby Ray Adkins
Bobby Ray Adkins                President & Chief          December 21, 2006
                                Executive Officer,
                                Chairman of the Board
                                    of Directors



/s/ Paul R. Slack
Paul R. Slack                   Chief Accounting Officer   December 21, 2006
                                And Controller


/s/ James R. Affleck, Jr.
James R. Affleck, Jr.           Director                   December 21, 2006



/s/ Alice F. Buford
Alice F. Buford                 Director                   December 21, 2006



/s/ Richard W. Brant, M.D.
Richard W. Brant, M.D.          Director                   December 21, 2006







                                        -21-









                                        b-FAST CORP.
                                        AND SUBSIDIARIES
                                        Form 10-KSB
                                        Item 7

                             Index of Financial Statements



     The following consolidated financial statements of the Company
and its subsidiaries required to be included in Item 7 are listed
below:

                                                                         Page

Report of Independent Registered Public Accounting Firm                   S-2

Consolidated Balance Sheet at                                             S-3
September 30, 2006

Consolidated Statements of Operations                                     S-5
	for the years ended September 30, 2006
and 2005

Consolidated Statements of                                                S-6
Stockholders' Deficiency for the years
ended September 30, 2006 and 2005

Consolidated Statements of Cash Flows                                     S-7
for the years ended September 30, 2006
and 2005

Notes to Consolidated Financial Statements                                S-9







                                        S-1





REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM




To the Stockholders of
b-Fast Corp. and Subsidiaries
Newtown, Pennsylvania

We have audited the accompanying consolidated balance sheet of
b-Fast Corp. and Subsidiaries as of September 30, 2006, and the
related consolidated statements of operations, stockholders'
deficiency and cash flows for the years ended September 30, 2006
and 2005.  These financial statements are the responsibility of
the Company's management.  Our responsibility is to express an
opinion on these consolidated financial statements based on our
audits.

We conducted our audits in accordance with the standards of the
Public Company Accounting Oversight Board (United States).
Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit includes
examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements.  An audit also includes
assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall
financial statement presentation.  We believe that our audits
provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present
fairly, in all material respects, the consolidated financial position
of b-Fast Corp. and Subsidiaries as of September 30, 2006, and the
consolidated results of their operations and their cash flows for the
years ended September 30, 2006 and 2005 in conformity with accounting
principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming
that the Company will continue as a going concern.  As more fully
described in Note C to the consolidated financial statements, the
Company has a working capital deficit of $26,895,000 and a
stockholders' deficiency of $21,140,000 as of September 30, 2006.
These conditions raise substantial doubt about the Company's ability
to continue as a going concern.  Management's plans in regard to
these matters are also described in Note C.  The financial statements
do not include any adjustments that might result from the outcome of
this uncertainty.






/s/ WithumSmith+Brown, P.C.
Princeton, New Jersey
December 18, 2006






                                        S-2





                                b-Fast Corp. and Subsidiaries
                                CONSOLIDATED BALANCE SHEET
                                    September 30, 2006

(Dollar amounts in thousands)

ASSETS

CURRENT ASSETS
  Cash                                                      $638

  Customer receivables, less allowance for
    doubtful accounts of $2                                    2
  Notes receivable, current                                1,697
  Prepaid expenses and other current assets                  127


TOTAL CURRENT ASSETS                                       2,464


PROPERTY AND EQUIPMENT
  Machinery and equipment                                     11
  Accumulated depreciation                                    (9)

PROPERTY AND EQUIPMENT, NET                                    2



OTHER ASSETS
  Equity in unconsolidated entity                          5,753
  Notes receivable, long-term                                388

TOTAL OTHER ASSETS                                         6,141

TOTAL ASSETS                                              $8,607







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






                                        S-3





                        b-Fast Corp. and Subsidiaries
                        CONSOLIDATED BALANCE SHEET - CONTINUED
                                September 30, 2006

(Dollar amounts in thousands)

LIABILITIES

CURRENT LIABILITIES
Short term borrowings                                     $      56
Current maturities of long term debt-parent		     14,867
  Accounts payable-trade                                         38
  Deferred revenue                                               97
  Accrued expenses
        Interest-parent                                      11,292
    Fuel taxes                                                  850
    Interest and penalties - fuel taxes                       1,801
    Other                                                       358

TOTAL CURRENT LIABILITIES                                    29,359

COMMITMENTS AND CONTINGENCIES

        Deferred revenue                                        388

STOCKHOLDERS' DEFICIENCY
  Series A Cumulative Convertible Preferred
  Stock - no par value - 500,000 shares
  designated - issued and outstanding 144,185 shares
  (liquidation preference - $4,677)                           4,677
  Preferred stock - authorized, 1,000,000 shares
    of no par value, 500,000 shares designated Series B
    Cumulative convertible preferred stock,
     none issued and outstanding                                  -
  Common stock - authorized, 60,000,000 shares
    of no par value; issued 8,070,052 shares;
    outstanding 7,998,052 shares                             10,705
  Additional paid-in capital                                  3,367
  Accumulated deficit                                       (39,652)
                                                            (20,903)

    Less:  Common stock in treasury
      (72,000 shares at cost)                                   237

TOTAL STOCKHOLDERS' DEFICIENCY                              (21,140)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY           $    8,607




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








                                        S-4





                        b-Fast Corp. and Subsidiaries
                        CONSOLIDATED STATEMENTS OF OPERATIONS
                For the years ended September 30, 2006 and 2005

(Dollar amounts in thousands, except share and per share amounts)

                                                      2006                2005

NET SALES                                        $      -              $     -

COSTS AND EXPENSES
  Cost of sales                                         -                    -
    Departmental costs                                 406                 434
  Administrative costs                                 352                 407

                                                       758                 841

LOSS FROM OPERATIONS                                  (758)               (841)

  Equity in income of unconsolidated entity            292                 238
  Interest expense - parent                         (1,294)             (1,004)
  Interest expense - other                            (260)               (223)
  Other income (expense), net                            6                  35

  Loss from continuing operations                   (2,014)             (1,795)
  Income from discontinued operations,
  including gain on sale of FBO of $1,956
  and the aircraft of $95                            2,497                 676

NET INCOME (LOSS)                                      483              (1,119)

Preferred dividends                                   (138)               (138)

Net income (loss) applicable to common stockholders $  345             $(1,257)


Net loss per share from continuing operations
 applicable to common stockholders:
  Basic                                           $   (.27)             $ (.24)
  Dilutive                                         $  (.25)             $ (.24)

Net income from discontinued operations
 applicable to common stockholders:
  Basic                                           $    .31              $  .08
  Dilutive                                        $    .29              $  .08

Weighted average shares outstanding:
  Basic                                          7,998,052           7,998,052
  Dilutive                                       8,737,372           7,998,052







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




                                        S-5




                                b-Fast Corp. and Subsidiaries
                           CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIENCY
                                For the years ended September 30, 2006 and 2005

(Dollar amounts in thousands)



<TABLE>


                        <c>       <c>    <c>       <c>     <c>      <c>      <c>      <c>           <c>         <c>      <c>
                           Series A         Series B                                     Additional
                           Preferred Stock  Preferred Stock  Common Stock       Paid-In  (Accumulated  Treasury Stock
                           Shares   Amount  Shares    Amount Shares     Amount  Capital  Deficit)      Shares      Amount   Total






Balance at
September 30, 2004           -     $   -      -     $   -   8,070,052   $10,705  $3,643  $(39,016)    72,000      $(237)  $(24,905)

Dividends on Series A
preferred stock              -         -      -         -           -         -    (138)        -          -          -       (138)
Net loss                     -         -      -         -           -         -       -    (1,119)         -          -     (1,119)

Balance at
September 30, 2005           -         -      -         -   8,070,052    10,705   3,505   (40,135)    72,000       (237)   (26,162)
Series A preferred
stock reclassified     144,185     4,677      -         -           -         -       -         -          -          -      4,677
Dividends on Series A
preferred stock              -         -      -         -           -         -    (138)        -          -          -       (138)
Net income                   -         -      -         -           -         -       -       483          -          -        483


Balance at
September 30, 2006     144,185    $4,677      -    $    -   8,070,052   $10,705   $3,367 $(39,652)    72,000      $(237)  $(21,140)

</TABLE>





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






                                        S-6








b-Fast Corp. and Subsidiaries
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the years ended September 30, 2006 and 2005

(Dollar amounts in thousands)

                                                           2006           2005

CASH FLOWS FROM OPERATING ACTIVITIES

Net loss from continuing operations                 $   (2,014)        $(1,795)
Net income from discontinued operations                  2,497             676
Adjustments to reconcile net income (loss)
    to net cash used in operating activities:
Depreciation and amortization                              121             169
Equity in income of unconsolidated entity                 (292)           (238)
Gain of sale of assets                                  (2,536)              -
Change in assets and liabilities:

(Increase) decrease in accounts receivable                 373             (48)
(Increase) decrease in inventory                            51             (31)
(Increase) decrease in prepaid expenses
 and other current assets                                   10              (8)
Increase (decrease) in accounts payable-trade             (248)             82
Increase in deferred revenue                               485               -
Increase in accrued expenses                               121             103
Increase in accrued interest - parent                    1,247           1,004

Net cash used in operating activities                     (185)           ( 86)

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment                          (2)           (189)
Return of investments in unconsolidated entity             265             395
Proceeds from sale of discontinued operations              525               -
Proceeds from sale of fixed assets                         967               -

Net cash provided by investing activities                1,755             206







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







                                        S-7





b-Fast Corp. and Subsidiaries
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
For the years ended September 30, 2006 and 2005

(Dollar amounts in thousands)

                                                              2006         2005

CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from short term borrowings                       $   19     $      8
  Principal payments of notes payable-other                   (956)        (155)

Net cash used in financing activities                         (937)        (147)

Net increase (decrease) in cash and cash equivalents           633          (27)
Cash and cash equivalents at beginning of year                   5           32

Cash and cash equivalents at end of year                   $   638       $    5


Supplemental Disclosures of Cash Flow Information:
Cash paid during the year for:
  Interest                                                  $   93       $   53


Supplemental Schedule of Non-cash Investing
and Financing Activities
Dividends on the Company's preferred stock
were accrued in the amount of $138 in 2006 and 2005.

The Company sold its remaining FBO at Harrisburg and
received a note receivable as a portion of consideration.   $2,085       $    -








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



                                        S-8




b-Fast Corp. and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2006 and 2005



(Dollar amounts in thousands)

NOTE A - NATURE OF BUSINESS

b-Fast Corp. (the "Company" or "b-Fast"), supplied ground support
services for general aviation aircraft at one airport located in
Harrisburg, Pennsylvania, until its sale in July 2006 (see Note E),
with its facility more commonly referred to as a "Fixed Base
Operation" or "FBO."  b-Fast provided on demand "line services" for
the general aviation fleet that included the fueling, ground
handling and storage of aircraft along with the subleasing of
hangar space to tenants.  In conjunction with its general aviation
activities, b-Fast also provided, on a contractual basis, ground
support services for commercial activities, which primarily include
fueling and de-icing.

As discussed below in Note B - Significant Transactions, the
Company has entered into certain transactions involving the auto
racing industry.

NOTE B - SIGNIFICANT TRANSACTIONS

On March 11, 1999, the Company sold its FBO at Chicago's Midway
Airport for $17,750.  As described below, substantially all of the
net proceeds were used to fund various transactions entered into by
the Company and its then Chairman and Chief Executive Officer R.
Ted Brant ("Brant") who died in June 2000:

BRANT MOTORSPORTS, INC.

During 1999 and 1998, the Company advanced monies under a line
of credit agreement up to $1,800 to Brant Motorsports, Inc.,
("Inc.").  Inc. was formed for the purpose of promoting
racecars and selling advertising.  Inc. was 100% owned by
Brant.  The interest rate on the line of credit is prime less
1%.

Inc. advanced a majority of the funds borrowed from the Company
to Brant Racing, Inc. ("Racing"), an entity owned 100% by
Brant.  Racing financed an Indy car racing team during 1999 and
1998.  The Company incurred significant losses during this
period and curtailed operations in 1999.

During 1999, Inc. advanced a portion of the funds borrowed from
the Company as well as significant amounts borrowed from a bank
to pay expenses and costs related to the development of a
NASCAR racetrack project ("the Project").  Inc. had an
exclusive option to potentially develop the project near the
Pittsburgh International Airport.  This option expired on
December 31, 2001.  Inc. is also evaluating other locations
including but not limited to Youngstown, Ohio in which to
potentially develop the project.

In June 1999, Brant and the Company formed Brant Motorsports,
LLC ("LLC").  Upon formation, Brant owned a 50% voting interest
in LLC with the Company owning a 50% nonvoting interest.
Retroactive to January 2000, Inc. transferred all of its
assets, liabilities and rights relating to the Project to LLC
under an assignment agreement dated October 2001.  The Company
accounts for LLC using the equity method.  The net realizable
value of LLC on the Company's balance sheet at September 30,
2006 is zero.

The net assets of Inc. were transferred to LLC because Inc. was
unable to satisfy its obligations under its line of credit to
the Company.  The transfer offered an opportunity for the
Company to maintain the possibility of collecting on the debt
if certain future business activities of LLC proved to be
profitable and construction of the NASCAR racetrack was
successful.  In return, Inc. obtained relief from the Company
from collection on the amount outstanding under the line of
credit.





                                        S-9



Given the significant losses incurred and the financial
condition of Inc. management determined that all amounts due
from Inc. under the line of credit, for interest and additional
advances were not collectible.  As a result, the Company
charged administration costs for $1,911 during fiscal year
1999.

In fiscal 2001 and 2000, the Company made additional advances
to Inc. of $111 and $127, respectively.  Given the continued
losses and the financial condition of Inc. management has
determined that the additional advances were not collectible.
As a result, the Company charged administration costs for $111
and $127, respectively, during fiscal years 2001 and 2000.
During fiscal year 2005 and 2004, the Company made additional
advances of $35 and $56, respectively, for expenses in
connection with the project at Youngstown.  These amounts have
been expensed.  The consolidated balance sheet at September 30,
2006 includes an aggregate reserve for such advances and loans
to affiliates of $2,378.

      RTB/AS, L.L.C.

In March 1999, Brant entered into an agreement to purchase a
30% ownership interest in an auto racing entity for $9,875
principally with funds received from the sale of a majority
owned subsidiary of the Company.  In June 1999, the Company
formed RTB/AS, L.L.C. ("RTB/AS") for the purpose of making
additional investments in the auto racing industry.  The
Company owns a 99% interest in RTB/AS and Brant owns a 1%
interest with 100% voting rights.  During fiscal 1999, RTB/AS
advanced $9,708 to Brant.  The advances were structured as a
loan of $4,265 bearing interest at 8% per annum, various
interest free advances totaling $1,168 and a purchase of an
After Tax Economic Interest ("ATEI") for $4,275.  The ATEI is
defined as dividends and other distributions minus all of the
applicable income taxes of Brant from his 30% ownership
interest in the auto racing entity.

RTB/AS also made additional interest free advances of $171 and
$610 during 2000 and 1999, respectively, to Brant unrelated to
his acquisition of an ownership interest in an auto racing
entity.

After Brant's death in 2000 his ownership in the auto racing
entity became part of his estate.  By December 2002, the estate
was settled and the ownership was transferred to his widow,
Mrs. Brant.  In April 2003, Mrs. Brant sold 24% of her
ownership in the auto racing entity plus an option on a
additional 15%.  Subsequently, Mrs. Brant has a 23% ownership
interest in an auto racing entity at September 30, 2005.
Relating to this sale RTB/AS received $2,747 on May 1, 2003
with $1,008 of that total being a principal payment on the
$4,265 note receivable from Mrs. Brant.

The original terms of the note from Mrs. Brant called for the
payment of interest quarterly in arrears.  At September 30,
2006 RTB/AS had unpaid accrued interest recorded in the amount
of $526.  In December 2005, the note agreement was amended to
state that interest will continue to accrue but will not be due
and payable until the principal is paid.  Payment is to be made
upon the sale of Mrs. Brant's interest in the racing entity.

As of October 1, 2001, the Company determined that while it
continued to exercise significant influence over RTB/AS, it no
longer had control of RTB/AS.  As a result, the Company changed
its method of accounting for RTB/AS from consolidation in
fiscal 2001 to the equity method in fiscal 2002.

On January 14, 2005, RTB/AS borrowed $500 against a $1,000 line
of credit at one bank, and $634 against another $1,000 line of
credit.  Both lines of credit were established in June 2003,
and are secured by existing certificates of deposit.  During
fiscal 2006, RTB/AS borrowed an additional $130 against the
first line of credit. The $630 loan carries an interest rate of
7.14% and matures on July 14, 2007.  The $634 loan carries an
interest rate of 7.18% and matures on July 20, 2007.





                                        S-10



The original proceeds of $1,134 from these two loans were then
loaned to Transtech Holding Company (Transtech), a 50.89%
stockholder of the Company, on January 18, 2005 under a term
note which matures January 18, 2008, and carries an interest
rate equal to the prime rate as published in the Wall Street
Journal and payable quarterly in arrears.

As of October 24, 2006 interest had been paid through June 30,
2006.

NOTE C - GOING CONCERN

The accompanying consolidated financial statements have been
prepared on a going concern basis, which contemplates the
realization of assets and the satisfaction of liabilities and
commitments in the normal course of business.

At September 30, 2006, the Company had a working capital deficiency
of $26,895 and a stockholders' deficiency of $21,140.  The Company
produced a net income of $483 in 2006.  These financial conditions
of the Company raise substantial doubt about its ability to
continue as a going concern.  Management is looking for other
opportunities and any required financing to acquire an FBO similar
to its Harrisburg FBO, that is, a start-up requiring minimal
investment.  The Company is also exploring investments in other
non-related businesses, including the auto racing industry.

Management believes that funds generated from investments,
collection of advances to affiliated entities, and existing capital
reserves are sufficient to keep the Company solvent until a
decision is made for the utilization of the proceeds from the sale
of Harrisburg.  There can be no assurance the Company can be
returned to profitability or maintained as a going concern.

As discussed in Note I - Financing Arrangements, Note Modification,
a substantial portion of the Company's outstanding debt is due to
Transtech, a related party.  Historically, the Company has obtained
deferrals with respect to the payment of interest and principal on
its debt to Transtech.  The last note modification called for the
recommencement of principal and interest payments to begin on March
20, 2004. Payments have not been made and the Company is in default
of the terms of the Note Modification, however, no demand for
payment has been made by Transtech through September 30, 2006.

The financial statements do not include any adjustments relating to
the recoverability and classification of asset carrying amounts or
the amount and classification of liabilities that might be
necessary should the Company be unable to continue as a going
concern.

NOTE D - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A summary of the Company's significant accounting policies follows:

1.	Principles of Consolidation

The consolidated financial statements include the accounts of
the Company and its wholly-owned subsidiaries, Beckett
Aviation, Inc., Flightmatic, Inc., Flight Charter, Inc.,
National Weather Corporation, Raleigh Durham Aviation Leasing
Company, and Aero Services, G. P.  All subsidiaries are
inactive.  All significant intercompany accounts and
transactions have been eliminated in consolidation.

The Company accounts for its investment in RTB/AS under the
equity method of accounting.  Although the Company owns 99% of
the entity it has no voting rights.  Accordingly, under





                                        S-11





accounting principles generally accepted in the United States
the Company is using the equity method of accounting.

2.	Property, Equipment, Depreciation and Amortization

Property, equipment and significant improvements to existing
assets are  stated at cost.  Depreciation is provided
principally using the straight-line method over the estimated
useful lives of the assets ranging from five to seven years for
property and equipment at the time of acquisition.  Leasehold
improvements are amortized over the estimated service lives of
the improvements or the remaining lives of the respective
leases, whichever is shorter.  Maintenance and repair costs are
charged to operations as incurred.

Depreciation and amortization amounted to $121 and $169 for the
years ended September 30, 2006 and 2005, respectively.

3.	Revenue Recognition

Revenue is recognized as goods and services are provided.

4.	Department Costs

Departmental costs are specific expenses such as salaries,
employee benefits and supplies, as well as expenditures such as
rent, real estate taxes, amortization, utilities and insurance
costs.

5.	Income (Loss) Per Common Share

The Company computes net loss per share under the provisions
of SFAS No. 128, "Earnings per Share" (SFAS 128), and SEC
Staff Accounting Bulletin No. 98 (SAB 98).

Basic net loss per share applicable to common stockholders
includes no dilution and is calculated by dividing the income
(loss) applicable to common stockholders by the weighted
average number of common shares outstanding for the period.
Dilutive net income (loss) per share applicable to common
stockholders reflects the potential dilution of securities that
could share in the net income (loss) of the Company through the
conversion of preferred stock and is computed by dividing the
net income (loss) available to common stockholders by the
weighted average number of common and common equivalent shares
outstanding during the period.  Equivalents, including 739,320
shares for convertible preferred stock, were not included in
diluted net loss per share applicable to common stockholders as
their effect would be antidilutive for the year ended September
30, 2005.

6.	Cash and Cash Equivalents

	The Company considers all highly liquid investments with an
initial maturity from the date of purchase            of three
months or less to be cash equivalents.

7.	Impairment of Long-Lived Assets

Long-lived assets are reviewed for impairment whenever events
or changes in circumstances indicate that the carrying amount
of the assets may not be recoverable based on undiscounted
estimated future operating cash flows.  The amount of the
impairment recognized is the difference between the carrying
value of the asset and its fair value.  No impairment was
recognized in fiscal years 2006 and 2005.








                                        S-12





8.	Financial Instruments and Credit Risk

The carrying amounts of financial instruments including cash,
customer receivables, accounts payable, and accrued expenses
approximate fair value at September 30, 2006, because of the
relatively short maturity of these instruments. The carrying
amount of long-term debt approximates fair value because the
Company's interest rates approximate current interest rates.
It is impractical to determine fair value of affiliate long-
term debt as the amounts are with a related party.

The Company maintains its cash with various major financial
institutions.  At times cash amounts may exceed the FDIC
limits.  The Company limits the amount of credit exposure with
any one financial institution and believes that no significant
concentration of credit risk exists with respect to its cash
accounts.

The Company performs ongoing credit evaluations of customers,
and generally does not accrue interest or require collateral.
The Company maintains an allowance for losses based upon the
expected collectibility of accounts receivable.  During fiscal
2006, the Company had one customer that aggregated
approximately 19% of net sales from discontinued operations.
During fiscal 2005 the same customer aggregated approximately
18% of net sales from discontinued operations.

9.	Use of Estimates

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

10.	Income Taxes

The Company accounts for income taxes in accordance with SFAS
No. 109, "Accounting for Income Taxes."  Under SFAS No. 109,
the liability method is used for deferred income taxes. Under
this method, deferred tax assets or liabilities are determined
based on the differences between the financial reporting and
tax basis of assets and liabilities and are measured using
enacted tax rates and the laws that are expected to be in
effect when the differences reverse.  A valuation allowance is
provided for deferred tax assets if it is more likely than not
these items will either expire before the Company is able to
realize their benefit, or that future deductibility is
uncertain.

NOTE E - DISCONTINUED OPERATIONS

On July 25, 2006 the Company sold its remaining FBO at
Harrisburg, Pennsylvania to Avflight Harrisburg Corporation
("Avflight") for $2,610.  The Company received $525 at closing.
 Avflight was to pay $1,600 within 10 days of the satisfaction
of certain conditions enumerated in the agreement. This amount
was received on October 24, 2006.  Avflight will pay the
balance of $485 in 20 equal quarterly installments of $24
commencing on October 31, 2006.  As of September 30, 2006, the
Company recognized a $1,956 gain on the sale of the FBO.

The $485 is in payment for a noncompete covenant for which
payment would stop if the covenant was broken.  Therefore, the
$485 was recorded as deferred revenue on the balance sheets at
September 30, 2006, with $97 classified as a short term
liability, and $388 as a long term liability.  As each
quarterly payment is received it will be recognized as revenue.








                                        S-13








On June 7, 2006 the Company sold its Beech King Air aircraft
that had been used for charter for $967 and paid off the note
and accrued interest due to Cessna Finance Corporation in the
amount of $877.  The sale generated a gain of $95.

Total revenues related to discontinued operations were $3,854
and $4,526 for the years ended September 30, 2006 and 2005,
respectively.  The results of operations for both years have
been reclassified as income from discontinued operations on the
Consolidated Statement of Operations for all periods presented.

NOTE F - RECENT ACCOUNTING PRONOUNCEMENTS

In June 2006, the Financial Accounting Standards Board ("FASB")
issued interpretation No. ("FIN") 48, Accounting for Uncertainty in
Income Taxes.  FIN No. 48 clarifies the accounting for uncertainty
in income taxes recognized in a company's financial statements in
accordance with FASB No. 109, Accounting for Income Taxes.
Specifically, the pronouncement prescribes a recognition threshold
and a measurement attribute for the financial statement recognition
and measurement of a tax position taken or expected to be taken in
a tax return.  This interpretation also provides guidance on de-
recognition, classification, interest and penalties, accounting in
interim periods, disclosure and transition of uncertain tax
positions.  The interpretation is effective for fiscal years
beginning after December 15, 2006.  The Company does not expect the
adoption of FIN No. 48 to have an impact on its consolidated
financial statements.

In September 2006, the FASB issued SFAS No. 157, Fair Value
Measurements.  This statement clarifies the definition of fair
value, establishes a framework for measuring fair value, and
expands the disclosures on fair value measurements.  SFAS No. 157
is effective for fiscal years beginning after November 15, 2007.
The Company does not expect the adoption of SFAS No. 157 to have an
impact on its consolidated financial statements.

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, and 106 and 132
(R).  SFAS No. 158 requires an employer to recognize in its
statement of financial position an asset for a plan's overfunded
status or a liability for a plan's underfunded status, measure a
plan's assets and its obligations that determine its status as of
the end of the employer's fiscal year, and recognize changes in the
funded status of a defined benefit postretirement plan in the year
in which the changes occur.  Those changes will be reported in
comprehensive income and as a separate component of shareholders'
equity.  The requirement to recognize the funded status of defined
benefit postretirement plans is effective for fiscal years ending
after December 15, 2006.  SFAS No. 158 will have no impact on the
Company's consolidated financial statements.







                                        S-14





NOTE G - INVESTMENT IN UNCONSOLIDATED ENTITY:
As discussed in Note B, the Company accounts for its investment in
RTB/AS under the equity method. Condensed financial information of
RTB/AS is as follows:
Balance Sheet
                                                          As of
  (in thousands)                              September 30, 2006
 Assets
 Cash                                                   $ 60
 Certificates of Deposit                               2,000
 Note and Interest Receivable - Mrs. Brant             3,783
 Note and Interest Receivable-Transtech                1,180
 Advance Receivable - b-Fast                             132
 Total assets                                         $7,155
 Liabilities and members' equity
 Accounts Payable                $                         5
 Notes Payable and Accrued Interest to Bank            1,294
 Member's Equity                                       5,856
 Total liabilities and members' equity                $7,155


	Statement of Operations
                                       Year ended September 30,
	     (in thousands)
                                      2006                 2005

        Revenues                      $383                 $286
        Net income                    $295                 $240


NOTE H - NOTES RECEIVABLE

Long-Term Notes Receivable Schedule at September 30, 2006

Avflight - Second installment due for sale of Harrisburg FBO,
        non-interest bearing                                         $1,600

Avflight - Quarterly payments of $24 commencing on October 31, 2006,
        non-interest bearing                                            485

                                                                      2,085

Less: current portion notes receivable                                1,697

Long term notes receivable                                            $ 388









                                        S-15




NOTE I - FINANCING ARRANGEMENTS                 Affiliate               Other

Long-Term Debt Schedule at September 30, 2006

Parent - Unsecured demand notes bearing interest
at prime +2% (10.25% at September 30, 2006).
 (See note modification below.)                   $ 7,957           $      --

Parent - Installment note bearing interest
at prime (8.25% at September 30,
2006).  Quarterly payments of $300 plus
interest beginning October 1999, and
is collateralized by a first priority
interest assignment or lien on certain
leasehold interests, equipment,
accounts receivable, and inventory.  The Company
has not met its scheduled payment obligations
under this note.  (See note modification below.)    6,910                 ---

                                                   14,867                 ---

Less: Current maturities of long term debt         14,867                 ---

Long-term debt                                 $       --              $  ---
Annual maturities of long-term debt at September 30, 2005 are as follows:

       Year ending
      September 30,
          2007             $14,867
       Thereafter	       ---
                           $14,867

The Parent Installment Note restricts the payment of dividends and
certain other distributions on common stock unless all accrued
dividends on the preferred stock are paid.  Total dividends in
arrears relating to series A preferred stock at September 30, 2006
is $2,734.

Short-term Borrowings

The Company has an available line of credit of $175 due to expire
on March 15, 2007, with a bank in connection with the state of
Wisconsin Petroleum Environmental Cleanup Fund Act.  There is $56
outstanding on the line of credit at September 30, 2006.  See Note
K.3 for additional environmental matters.

Note Modification

The last note modification called for the recommencement of
principal and interest payments to begin on March 20, 2004.
Payments have not been made pursuant to the terms of the Note
Modification and the Company is in default.  There has been no
additional note modification since that date, and no demands for
payment have been made through September 30, 2006.  As a result,
the principal and accrued interest on these notes has been
classified as short-term obligations at September 30, 2006.







                                        S-16



NOTE J - INCOME TAXES

The Company has net operating loss carryforwards aggregating
$21,396 at September 30, 2006 expiring through 2024.  SFAS No. 109
requires the establishment of a deferred tax asset for all
deductible temporary differences including operating loss
carryforwards.  Because of the uncertainty that the Company will
generate income in the future sufficient to fully or partially
utilize future deductible amounts.  The deferred tax asset at
September 30, 2006, is offset by a valuation allowance of the same
amount.  Accordingly, no deferred tax asset is reflected in these
financial statements.

The current year's taxable income has been estimated to be
approximately $285, primarily because the sale of Harrisburg is
being treated for tax purposes as an installment sale.  The
resulting tax is estimated to be $94, which will be offset by the
Company's net operating loss carryover.

The approximate income effect of each type of temporary difference
is as follows:

                                             September 30
                                                2005
       Net deferred income tax assets:
         Net operating loss carryforwards     $ 8,558
         Accrued interest                       4,519
         Accruals for fuel and other taxes	1,060
         Equity in unconsolidated entity	1,421
         FBO installment sale                    (777)
                                               14,781
         Valuation allowance                  (14,781)
         Net deferred income tax asset   $          -

The valuation allowance decreased $259 during the year ended September 30, 2006.

NOTE K - COMMITMENTS AND CONTINGENT LIABILITIES

1.	Lease Commitments

There are no non-cancelable operating leases having a term in
excess of one year at September 30, 2006.

Rental expenses for all operating leases for each of the years
ended September 30, 2006 and 2005 were $372 and $430,
respectively.

The Company subleased office space under short-term agreements
to various aviation tenants.  Such sublease agreements
generally provided for a minimum monthly rent and certain
renewal options.  Sublease rental income included in net sales
was $8 and $9 for the years ended September 30, 2006 and 2005,
respectively.

2.	Litigation

Management is aware of only one legal action against the
Company.  The action was initiated by the taxing authority of
the State of New York and is described in the following
paragraph.  It is possible that there are unasserted, potential
claims against us.  Such claims could be asserted against us at
some point in the future.  It is not uncommon for the Company
to encounter litigation that arises as a result of our business
operations.








                                        S-17

From December 1994 through December 1996, b-Fast received
quarterly fuel tax assessments from the State of New York for
periods from September 1991 through November 1993
(collectively, the "Assessments") relating to our former
operations at a FBO in Westchester, New York.  The Company
timely filed appeals for the Assessments.  The Assessments
resulted from an audit by the Division of Taxation that was
performed in September 1994.  On November 8, 2001 an
Administrative Law Judge denied our appeals and sustained the
Assessments, together with penalties and interest.  The Company
appealed this decision.  On September 12, 2002, the State of
New York, Tax Appeals Tribunal affirmed the decision of the
Administrative Law Judge, together with penalties and interest
in the amount of $2,267.  An additional $171 of interest was
accrued for the year ended September 30, 2005. Another $213 of
interest was accrued for the year ended September 30, 2006.
The Company is unable to predict whether there is an
opportunity to negotiate the liability.

3.	Environmental Matters

The Company's business involved the storage, handling and sale
of fuel, and the provision of mechanical maintenance and
refurbishing services which involved the use of hazardous
chemicals.  Accordingly, the Company was required to comply
with federal, state and local provisions which have been
enacted to regulate the discharge of material into the
environment or otherwise relate to  the protection of the
environment.

The Company is presently responsible for ongoing remediation of
underground contamination at one previously owned location in
Milwaukee, Wisconsin.  At another previously owned location on
the Raleigh-Durham Airport in North Carolina, the Company is
one of several former operators of fuel tanks at the facility
responsible for sharing remediation costs.  The Company reached
a settlement agreement with the airport authority there during
fiscal year 1996 which limits the Company's liability to $85
with payments to the authority not to exceed $20 in any
calendar year.  The Company has been billed and paid $38
through September 30, 2006.

At September 30, 2006 the Company has included in its financial
statements an accrual for environmental remediation of $100.
Based on estimates by the engineering firms conducting the
remediation projects, the Company believes it has sufficient
reserves should any additional problems arise during
remediation.  The Company, in addition, is reimbursed by the
Wisconsin Petroleum Environmental Cleanup Fund for
substantially all remediation expenses incurred.  The accrual
of $100 has not been reduced by any expected future
reimbursements from Wisconsin.

Although the escrow for environmental remediation in connection
with the sale of the Chicago FBO expired in March 2002 and the
funds were returned, a contingent liability exists within the
sales agreement.  The agreement states that sellers shall pay
100% of buyers' expenses of remediation up to the first $390
and 50% of the next $390, for a maximum of $585.  There have
been no remediation expenses incurred to date, and the Company
has no knowledge if and when any will be incurred.

NOTE L - SAVINGS PLAN

The Company has an "Employees Tax Sheltered Retirement Plan."
Employees who have completed one year with a minimum of 1,000 hours
of service are eligible to participate.  To participate the
employee must make contributions to the plan through salary
reduction pursuant to Section 401(K) of the Internal Revenue Code.
 The Company matches contributions in an amount equal to 25% of the
first 2% contributed by the employee.  The Company's contributions
to the plan for the years ended September 30, 2006 and 2005 were
not significant.











                                        S-18





NOTE M - CAPITAL STRUCTURE

Authorized Shares

The Company's capital stock consists of 60,000,000 shares of common
stock, no par value and 1,000,000 shares of preferred stock, as to
which the Board has the power to designate the rights, terms,
preferences, privileges, and ratify powers, if any, and the
restrictions and qualifications of the share of each series as
established.  500,000 shares have been designated as Series A
Cumulative Convertible Preferred Stock, of which 144,185 are issued
and outstanding and 500,000 shares have been designated as Series B
Cumulative Convertible Preferred Stock, none issued and
outstanding.

Series A Cumulative Convertible Preferred Stock

As of September 30, 2006, the Company has outstanding 144,185
shares of Series A Cumulative Convertible Preferred Stock ("Series
A preferred stock").  The holders of the Series A preferred stock
are entitled to receive cumulative cash dividends at the annual
rate of $.96 per share and to preference in liquidation over common
stockholders of $13.50 per share, plus accrued and unpaid
dividends.  Dividends are cumulative from date of issue and payable
quarterly, except in certain circumstances as defined in the
articles of incorporation.  Under those circumstances, the Company
is not required or may decline to pay such dividends.  Each share
of Series A preferred stock is convertible into four shares of
common stock at an initial price of $3.375 per share, subject to
adjustment.  At the annual shareholders' meeting held on September
23, 1999, the shareholders ratified a change in the conversion rate
of the Series A preferred stock.  Outstanding shares of Series A
preferred stock were revised to be convertible at a rate of eight
shares of common stock for each share of Series A preferred stock
outstanding for all shareholders except Transtech.  The conversion
rate for Transtech will remain at 4 shares of common stock for each
share of Series A preferred stock held.  Upon conversion no payment
or adjustment will be made in respect of any dividends on the
preferred stock.

The Series A preferred stock is subject to redemption at the rate
of 7-1/2% of the issue in each of the years 1996 through 2005, with
the remainder to be redeemed on August 1, 2006.  The redemption
price is $13.50 per share plus accrued and unpaid dividends.  The
excess of the redemption price over the net proceeds received by
the Company is accreted during the period in which the stock is
outstanding.  Periodic accretion based on the interest method was
charged to additional paid-in capital.  The stock became fully
accreted during 2001.  The first redemption was due on August 1,
1996, but no redemption was made.  The Louisiana Business
Corporation Law provides that a corporation may redeem shares of
its capital stock subject to redemption out of surplus or stated
capital so long as any such redemption would not reduce stated
capital below the aggregate allocated value of issued shares
remaining after the redemption and so long as sufficient net assets
remain to satisfy amounts payable upon liquidation with respect to
any remaining issued shares having a preferential right to
participate in assets upon liquidation.  Also, the terms of the
issue state that the Company may not redeem any shares unless
accrued dividends have been paid in full on all outstanding shares,
and also, if such redemption would reduce working capital below
$9,000 or cash below $1,500.  At September 30, 2006, the Company
had accrued and unpaid dividends totaling $2,737 ($18.96 per
share), a working capital deficiency of $26,895 and a cash balance
of $638.  The accrued and unpaid dividends on the series A
preferred stock are included in Redeemable Preferred Stock.  No
dividends were paid in 2006 or 2005.

Since the final redemption date of August 1, 2006 has passed and
any redemption is prohibited under Louisiana law because of the
Company's financial position, management, after consulting with
legal advisors, has decided, as of September 30, 2006, to
reclassify the Series A Preferred Stock to the category of equity
on the Company's balance sheet.  The stock will remain convertible
and will continue to accrue dividends at the annual rate of $ .96
per share.




                                        S-19




The following is a schedule of the changes in Redeemable Preferred
Stock for the years ended September 2006 and 2005.
                                Series A
                                 Shares                  Amount

Balance September 30, 2004       144,185                 $4,401
Dividends                              -                    138
Balance September 30, 2005       144,185                  4,539
Dividends                              -                    138
Balance September 30, 2006       144,185                 $4,677

NOTE N - RELATED PARTIES

In May 1994 Triton Energy Corporation (Triton) sold the majority of
its equity in the Company to Transtech.  (See Note G, Long Term
Debt-Affiliate.)  At September 30, 2004, Transtech owned 50.89% of
the Company's common stock and 71.8% of the Company's preferred
stock.  The Company is also indebted to Transtech in the amount of
$14,867, at September 30, 2006, in the form of notes that were
purchased from Triton.  During fiscal year 2006, the Company made
no payments of the demand loans, and $1,294 of interest expense was
recorded against these loans of which $47 was paid.   During fiscal
2005, the Company made no payments on the loans, and $1,004 of
interest expense was recorded against these loans of which none was
paid.  At September 30, 2006, the Company has $11,292 of accrued
interest due to Transtech recorded on the balance sheet.

As of September 30, 2006, the Company has a payable to RTB/AS in
the amount of $132 included on the balance sheet in accrued
expenses-other.

RTB/AS recorded $242 of interest income in fiscal 2006 related to a
note receivable from Mrs. Brant.  The balance of the note
receivable as of September 30, 2006 was $3,257, and the balance of
accrued interest receivable on the note was $526.

RTB/AS recorded $88 of interest income in fiscal 2006 related to a
note receivable from Transtech.  The balance of the note receivable
as of September 30, 2006 was $1,134.

For the year ended September 30, 2006 RTB/AS paid management fees
in the amount of $22 to the Company's Chief Executive Officer and
Director Bobby Ray Adkins.

By unanimous consent of the Board of Directors, the Company is
paying the widow of a former company officer salary and health
insurance through December 31, 2006.  The cost from October 2006
until December 2006 is approximately $2.

See Note B - Significant Transactions and Note G - Financing
Arrangements for additional related party transactions.

NOTE O - SUBSEQUENT EVENTS

On October 24, the Company received $1,600 from Avflight Harrisburg
Corporation as required in the agreement for the sale the Company's
Harrisburg FBO in July 2006.













INDEX OF EXHIBITS

The following is a list of exhibits filed as part of this Annual
Report on Form 10-K.  Where so indicated by footnote, exhibits which
were previously filed are incorporated by reference.

                                                         Seq. Page No.


(3.1)     Amended and Restated Articles of Incorporation (1)    	*

(3.2)     By-laws (1)                                           	*

(3.3)     First Amendment to the Amended and Restated           	*
          Articles of Incorporation. (2)

(3.4)     Second Amendment to the Amended and Restated          	*
          Articles of Incorporation. (5)

(3.5)     Third Amendment to the Amended and Restated           	*
          Articles of Incorporation. (3)

(3.6)     Fourth Amendment to the Amended and Restated          	*
          Articles of Incorporation. (5)

(4.1)     Preferred Stock Purchase Agreement dated              	*
          August 27, 1989, between Registrant and
          Signal Hill. (3)

(4.2)     Warrant Agreement dated August 31, 1987, between              *
          Registrant and Signal Hill. (3)

(10.4)    Loan Agreement between the Company and Whitney      		*
          National Bank, dated September 14, 1986. (4)

(10.5)    Security Agreement between the Company and          		*
          Whitney National Bank, dated September 18,
          1986.  (4)

(10.6)    Asset Purchase Agreement between the Company,                 *
          National Weather Corporation, and Universal
          Weather and Aviation, Inc. dated July 15,
          1986.  (4)

(10.24)   Amended and Restated Loan Agreement between the            	*
          Company and Whitney National Bank of New Orleans dated
          December 19, 1989.  (6)

(10.52)   Revolving Credit Loan Agreement between Aero Services      	*
          International, Inc. and Transtech Holding Co., Inc.
          dated May 13, 1994.  (7)

(10.53)   Revolving Promissory Note in the amount of $300,000.00        *
          to Aero Services International, Inc. from Transtech
          Holding Co., Inc. dated May 13, 1994.  (7)

(10.64)   Stock Purchase Agreement between Aero Services                *
          International, Inc. and Mountain State Flight Services,
          Ltd. dated March 31, 1995. (8)

(31.1)	   Certification of Chief Accounting Officer regarding
disclosure controls and procedures.  (19)                               *

(31.2)	   Certification of Chief Executive Officer regarding
disclosure controls and procedures.  (19)                               *

(31.3)	   Certification of Chief Accounting Officer regarding
disclosure controls and procedures.  (20)                               *

(31.4)	   Certification of Chief Executive Officer regarding
disclosure controls and procedures.  (20)                               *

(31.5)    Certification of Chief Financial Officer pursuant
	   to Section 302(a) of the Sarbanes-Oxley Act
          of 2002.  (21)							*

(31.6)    Certification of Chief Executive Officer pursuant
          to Section 302(a) of the Sarbanes-Oxley Act
          2002.  (21)							*

(31.7)    See (31.5).  (22)							*

(31.8)    See (31.6).  (22)							*

(31.9)    See (31.5).  (23)							*

(31.10)   See (31.6).  (23)							*

(31.11)   See (31.5).  (24)							*

(31.12)   See (31.6).  (24)							*

(31.13)   See (31.5).  (25)							*

(31.14)   See (31.6).  (25)							*

(31.15)   See (31.5).  (26)							*

(31.16)   See (31.6).  (26)							*

(31.17)   See (31.5).  (27)							*

(31.18)   See (31.6).  (27)							*

(31.19)   See (31.5).

(31.20)   See (31.6).

(32.1)    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.  (19)          *

(32.2)    Certification of Chief Accounting Officer pursuant
          to 18 U.S.C. Section 1350, as adopted pursuant to
          Section 906 of the Sarbanes-Oxley Act of 2002.  (19)          *

(32.3)    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.  (20)		*

(32.4)    Certification of Chief Accounting Officer pursuant
          to 18 U.S.C. Section 1350, as adopted pursuant to
          Section 906 of the Sarbanes-Oxley Act of 2002.  (20)		*

(32.5)    See (32.3).  (21)							*

(32.6)    See (32.4).  (21)							*

(32.7)    See (32.3).  (22)							*

(32.8)    See (32.4).  (22)							*

(32.9)    See (32.3).  (23)							*

(32.10)   See (32.4).  (23)							*

(32.11)   See (32.3).  (24)							*

(32.12)   See (32.4).  (24)							*

(32.13)   See (32.3).  (25)							*

(32.14)   See (32.4).  (25)							*

(32.15)   See (32.3).  (26)							*

(32.16)   See (32.4).  (26)							*

(32.17)   See (32.3).  (27)							*

(32.18)   See (32.4).  (27)							*

(32.19)   See (32.3).

(32.20)   See (32.3).

(99.1)	   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.  (9)							*

(99.2)	   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.  (10)			*

(99.3)	   Certification of Chief Accounting Officer pursuant to
	   18 U.S.C. Section 1350 as adopted pursuant to Section
	   906 of the Sarbanes-Oxley Act of 2002.  (10)			*

(99.4)	   See (99.2).  (11)                                          	*
(99.5)	   See (99.3).  (11)                                          	*
(99.6)	   See (99.2).  (12)                                          	*
(99.7)	   See (99.3).  (12)                                          	*
(99.8)	   See (99.2).  (13)                                          	*
(99.9)	   See (99.3).  (13)                                          	*
(99.10)   See (99.2).  (14)                                          	*
(99.11)   See (99.3).  (14)                                          	*
(99.12)   See (99.2).  (15)                                          	*
(99.13)   See (99.3).  (15)                                          	*
(99.14)	See (99.2).  (16)                                          	*
(99.15)	See (99.3).  (16)                                          	*
(99.16)	See (99.2).  (17)                                          	*
(99.17)	See (99.3).  (17)                                          	*
(99.18)	See (99.2).  (18)                                          	*
(99.19)	See (99.3).  (18)                                          	*

* THESE ARE DOCUMENTS INCORPORATED BY REFERENCE.

 1.  Incorporated herein by reference from the Company's Registration
     Statement No. 20070425-A on Form S-18 filed December 19,1980.

 2.  Incorporated herein by reference from the Company's Registration
     Statement No. 33-7152 on Form S-2 filed August 22, 1986.

 3.  Incorporated by reference from the Company's Current Report on
     Form 8-K dated September 18, 1987, File No. 0-10094-0.

 4.  Incorporated by reference from the Company's Annual Report  on
     Form 10-K dated December 23,1986, File No. 0-10094-0.

 5.  Incorporated by reference from the Company's Current Report on
     Form 8-K dated July 21, 1988, File No. 0-10094-0.

 6.  Incorporated by reference from the Company's Annual Report on
     Form 10-K dated December 29, 1989, File No. 1-10190.

 7.  Incorporated by reference from the Company's Annual Report on
     Form 10-K dated December 28, 1994, File No. 1-10190.

 8.  Incorporated by reference from the Company's Annual Report on
     Form 10-KSB dated February 29, 1996, File No. 1-10190.

 9.  Incorporated by reference from the Company's Annual Report on
     Form 10-KSB dated September 30, 2002, File No. 1-10190.

10.  Incorporated by reference from the Company's Current Report on
     Form 10-QSB dated December 31, 2001, File No. 1-10190.

11.  Incorporated by reference from the Company's Current Report on
     Form 10-QSB dated March 31, 2002, File No. 1-10190.

12.  Incorporated by reference from the Company's Current Report on
     Form 10-QSB dated June 30, 2002, File No. 1-10190.

13.  Incorporated by reference from the Company's Current Report on
     Form 10-QSB dated December 31, 2002, File No. 1-10190.

14.  Incorporated by reference from the Company's Current Report on
     Form 10-QSB dated March 31, 2003, File No. 1-10190.

15.  Incorporated by reference from the Company's Current Report on
     Form 10-QSB dated June 30, 2003, File No. 1-10190.

16.  Incorporated by reference from the Company's Annual Report on
     Form 10-KSB dated September 30, 2003, File No. 1-10190.

17.  Incorporated by reference from the Company's Current Report on
     Form 10-QSB dated December 31, 2003, File No. 1-10190.


18.  Incorporated by reference from the Company's Annual Report on
     Form 10-KSB dated March 31, 2004, File No. 1-10190.

19.  Incorporated by reference from the Company's Current Report on
     Form 10-QSB dated June 30, 2004, File No. 1-10190.

20.  Incorporated by reference from the Company's Current Report on
     Form 10-KSB/A dated September 30, 2004, File No. 1-10190.

21.  Incorporated by reference from the Company's Current Report on
     Form 10-QSB/A dated December 31, 2004, File No. 1-10190.

22.  Incorporated by reference from the Company's Current Report on
     Form 10-QSB dated March 31, 2005, File No. 1-10190.

23.  Incorporated by reference from the Company's Current Report on
     Form 10-QSB dated June 30, 2005, File No. 1-10190.

24.  Incorporated by reference from the Company's Current Report on
     Form 10-KSB dated September 30, 2005, File No. 1-10190.
25.  Incorporated by reference from the Company's Current Report on
     Form 10-QSB dated December 31, 2005, File No. 1-10190.

26.  Incorporated by reference from the Company's Current Report on
     Form 10-QSB dated March 31, 2006, File No. 1-10190.

27.  Incorporated by reference from the Company's Current Report on
     Form 10-QSB dated June 30, 2006, File No. 1-10190.





EXHIBIT 31.19

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT
TO SECTION 302 (a) OF THE SARBANES-OXLEY ACT OF 2002

I, Paul R. Slack, certify that:

1.	I have reviewed this annual report on Form 10-KSB of b-Fast
Corp;

2.	Based on my knowledge, this annual report does not contain
any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in
light of the circumstances under which such statements were
made, not misleading with respect to the period covered by
this annual report;

3.	Based on my knowledge, the financial statements, and other
financial information included in this annual report, fairly
present in all material respects the financial condition,
results of operations and cash flows of the Registrant as
of, and for, the periods presented in this annual report;

4.	The Registrant's other certifying officer and I are
responsible for establishing and maintaining disclosure
controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) and internal control over financial
reporting (as defined in Exchange Act Rules 13a-15(f) and
15d-15(f) for the Registrant and we have:

a)	designed such disclosure controls and procedures, or
caused such disclosure controls and procedures to be
designed under our supervision, to ensure that
material information relating to the Registrant,
including its consolidated subsidiaries, is made known
to us by others within those entities, particularly
during the period in which this report is being
prepared;

b)	designed such internal control over financial
reporting, or caused such internal control over
financial reporting to be designed under our
supervision, to provide reasonable assurance regarding
the reliability of financial reporting and the
preparation of financial statements for external
purposes in accordance with generally accepted
accounting principles;

c)	evaluated the effectiveness of the Registrant's
disclosure controls and procedures and presented in
this report our conclusions about the effectiveness of
the disclosure controls and procedures, as of the end
of the period covered by this report based on such
evaluation; and

d)	disclosed in this report any changes in the
Registrant's internal control over financial reporting
that occurred during the Registrant's most recent
fiscal quarter (the Registrant's fourth fiscal quarter
in the case of an annual report) that has materially
affected, or is reasonably likely to materially affect,
the Registrant's internal control over financial
reporting; and









5.	The Registrant's other certifying officer and I have
disclosed, based on our most recent evaluation of internal
control over financial reporting, to the Registrant's auditors
and the audit committee of Registrant's board of directors (or
persons performing the equivalent functions):

a)	all significant deficiencies and material weaknesses
in the design or operation of internal control over
financial reporting which are reasonably likely to
adversely affect the Registrant's ability to record,
process, summarize and report financial information;
and

	b)	any fraud, whether or not material, that involves
management or other employees who have a significant
role in the Registrant's internal control over
financial reporting.



December 21, 2006



/s/ Paul R. Slack
Paul R. Slack
Chief Accounting Officer



EXHIBIT 31.20

CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT
TO SECTION 302 (a) OF THE SARBANES-OXLEY ACT OF 2002

I, Bobby Ray Adkins, certify that:

1.	I have reviewed this annual report on Form 10-KSB of b-Fast
Corp;

2.	Based on my knowledge, this annual report does not contain
any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in
light of the circumstances under which such statements were
made, not misleading with respect to the period covered by
this annual report;

3.	Based on my knowledge, the financial statements, and other
financial information included in this annual report, fairly
present in all material respects the financial condition,
results of operations and cash flows of the Registrant as
of, and for, the periods presented in this annual report;

4.	The Registrant's other certifying officer and I are
responsible for establishing and maintaining disclosure
controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) and internal control over financial
reporting (as defined in Exchange Act Rules 13a-15(f) and
15d-15(f) for the Registrant and we have:

a)	designed such disclosure controls and procedures, or
caused such disclosure controls and procedures to be
designed under our supervision, to ensure that
material information relating to the Registrant,
including its consolidated subsidiaries, is made known
to us by others within those entities, particularly
during the period in which this report is being
prepared;

b)	designed such internal control over financial
reporting, or caused such internal control over
financial reporting to be designed under our
supervision, to provide reasonable assurance regarding
the reliability of financial reporting and the
preparation of financial statements for external
purposes in accordance with generally accepted
accounting principles;

c)	evaluated the effectiveness of the Registrant's
disclosure controls and procedures and presented in
this report our conclusions about the effectiveness of
the disclosure controls and procedures, as of the end
of the period covered by this report based on such
evaluation; and

d)	disclosed in this report any changes in the
Registrant's internal control over financial reporting
that occurred during the Registrant's most recent
fiscal quarter (the Registrant's fourth fiscal quarter
in the case of an annual report) that has materially
affected, or is reasonably likely to materially
affect, the Registrant's internal control over
financial reporting; and










5.	The Registrant's other certifying officer and I have
disclosed, based on our most recent evaluation of internal
control over financial reporting, to the Registrant's auditors
and the audit committee of Registrant's board of directors (or
persons performing the equivalent functions):

a)	all significant deficiencies and material weaknesses
in the design or operation of internal control over
financial reporting which are reasonably likely to
adversely affect the  Registrant's ability to record,
process, summarize and report  financial information;
and

b)	any fraud, whether or not material, that involves
management or other employees who have a significant
role in the Registrant's internal control over
financial reporting.



December 21, 2006



/s/ Bobby Ray Adkins
Bobby Ray Adkins
President and Chief Executive Officer
Chairman of the Board of Directors


Exhibit 32.19

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

In connection with the Annual Report of b-Fast Corp. (the
"Company") on Form 10-KSB for the period ended September 30,
2006 as filed with the Securities Exchange Commission (the
"Report"), I, Bobby Ray Adkins, Chief Executive Officer of the
Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	the Report fully complies with the requirements of
section
13(a) or 15(d) of the Securities Exchange Act of 1934;
and

(2)	the information contained in the Report fairly
presents, in
all in material respects, the financial condition and
result of operations of the Company.





/s/ Bobby Ray Adkins
President and Chief Executive Officer
Chairman of the Board of Directors
Date:  December 21, 2006


Exhibit 32.20

CERTIFICATION OF CHIEF ACCOUNTING OFFICER PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of b-Fast Corp. (the
"Company") on Form 10-KSB for the period ended September 30,
2006 as filed with the Securities Exchange Commission (the
"Report"), I, Paul R. Slack, Chief Accounting Officer of the
Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(3)	the Report fully complies with the requirements of
section
13(a) or 15(d) of the Securities Exchange Act of 1934;
and

(4)	the information contained in the Report fairly
presents, in
all in material respects, the financial condition and
result of operations of the Company.





/s/ Paul R. Slack
Chief Accounting Officer
Date:  December 21, 2006