UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549



FORM 10-Q



QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934



For the Quarterly Period ended September 30, 2010



Commission File Number:000-53493



[gmt10q_093010apg002.gif]

Global MobileTech, Inc.

(Exact name of registrant as specified in charter)



|                                                               |  |                                     
|-------------------------------------------------------------- |  | ------------------------------------
|Nevada                                                         |  | 26-1550187                          
|(State or other jurisdiction of incorporation or organization) |  | (I.R.S. Employer Identification No.)



1312 North Monroe, Suite 750

Spokane, Washington 99201

(Address of principal executive offices, including Zip Code)



Issuers telephone number:(509) 723-1312



Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [X]   No [   ]



Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.  (Check one):



|                                              |                              
|--------------------------------------------- | -----------------------------
|Large accelerated filer [  ]                  | Accelerated filer [  ]       
|Non-accelerated filer [  ]                    | Smaller reporting company [X]
|(Do not check if a smaller reporting company) |                              



Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [   ]   No [X]



As of November 15, 2010, there were 3,141,484  shares of our common stock, $0.001 par value, issued and outstanding.



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|                        |                                                                                       |   
|----------------------- | ------------------------------------------------------------------------------------- | --
|TABLE OF CONTENTS      
|                        |                                                                                       |   
|ITEM NUMBER AND CAPTION | PAGE                                                                                 
|                        |                                                                                       |   
|PART I                  |                                                                                       |   
|                        |                                                                                       |   
|ITEM 1.                 | Financial Statements                                                                  | 3 
|ITEM 2.                 | Managements Discussion and Analysis of Financial Condition And Results of Operations | 22
|ITEM 3.                 | Quantitative and Qualitative Disclosures About Market Risk                            | 25
|ITEM 4.                 | Controls and Procedures                                                               | 25
|                        |                                                                                       |   
|PART II                 |                                                                                       |   
|                        |                                                                                       |   
|ITEM 1.                 | Legal Proceedings                                                                     | 26
|ITEM 1A.                | Risk Factors                                                                          | 26
|ITEM 2.                 | Unregistered Sales of Equity Securities and Use of Proceeds                           | 26
|ITEM 3.                 | Defaults Upon Senior Securities                                                       | 26
|ITEM 4.                 | Submission of Matters to a Vote of Security Holders                                   | 26
|ITEM 5.                 | Other Information                                                                     | 26
|ITEM 6.                 | Exhibits                                                                              | 26
|                        |                                                                                       |   
|SIGNATURES              |                                                                                       | 27



2





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PART I



ITEM 1.  FINANCIAL STATEMENTS



GLOBAL MOBILETECH, INC. AND SUBSIDIARIES



(FORMERLY TREVENEX RESOURCES, INC.)



September 30, 2010 and 2009



Index to Consolidated Financial Statements

(Unaudited)



|                                                                                                        |        
|------------------------------------------------------------------------------------------------------- | -------
|CONTENTS                                                                                                | Page   
|Consolidated Balance Sheets as of September  30, 2010 (unaudited) and June 30, 2010 (audited)           | 4      
|Consolidated Statements of Operations for the Three  Months Ended September  30, 2010 and 2009          | 5      
|Consolidated Statement of Changes in Stockholders Equity for the Three Months ended September 30, 2010 | 6      
|Consolidated Statements of Cash Flows for the Three Months Ended September  30, 2010 and 2009           | 7 to 8 
|Notes to the Consolidated Financial Statements                                                          | 9 to 21





3





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|                                                                                                      |                                                                                                                                                                                       |                             |  |               |        |               |           |                 |           |               | 
|----------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------- |  | ------------- | ------ | ------------- | --------- | --------------- | --------- | ------------- | 
|GLOBAL MOBILETECH, INC. AND SUBSIDIARIES                                                             
|(FORMERLY TREVENEX RESOURCES, INC.)                                                                  
|CONSOLIDATED BALANCE SHEETS                                                                          
|AS OF SEPTEMBER 30, 2010 AND JUNE 30, 2010                                                           
|                                                                                                     
|ASSETS                                                                                               
|                                                                                                      |                                                                                                                                                                                       |                             |  |               |        |               |           | September 30,   |           | June 30,      | 
|                                                                                                      |                                                                                                                                                                                       |                             |  |               |        |               |           | 2010            |           | 2010          | 
|                                                                                                      |                                                                                                                                                                                       |                             |  |               |        |               |           | (Unaudited)     |           | (Audited)     | 
|Current Assets:                                                                                       |                                                                                                                                                                                       |                             |  |               |        |               |           |                 |          
|                                                                                                      | Cash                                                                                                                                                                                  |                             |  |               |        |               |           | $        14,734 |           | $      18,416 | 
|                                                                                                      | Accounts receivable - Trade                                                                                                                                                           |                             |  |               |        | 5,638,651     |           | 3,066,296       |          
|                                                                                                      |                                                                                                                                                                                       | Total current assets        |  |               |        |               | 5,653,385 |                 | 3,084,712 |              
|                                                                                                      |                                                                                                                                                                                       |                             |  |               |        |               |           |                 |           |               | 
|Property and Equipment:                                                                               |                                                                                                                                                                                       |                             |  |               |        |               |           |                
|                                                                                                      | Computer software                                                                                                                                                                     |                             |  |               |        |               | 689,870   |                 | 452,016   |              
|                                                                                                      | Furniture and office equipment                                                                                                                                                        |                             |  |               |        | 1,619         |           | 1,537           |          
|                                                                                                      |                                                                                                                                                                                       |                             |  |               |        |               |           | 691,489         |           | 453,553       | 
|                                                                                                      | Less - Accumulated depreciation and amortization                                                                                                                                      |                             |  | (54,886)      |        | (22,678)      |          
|                                                                                                      |                                                                                                                                                                                       | Net property and equipment  |  |               |        | 636,603       |           | 430,875         |          
|                                                                                                      |                                                                                                                                                                                       |                             |  |               |        |               |           |                 |           |               | 
|Other Assets:                                                                                         |                                                                                                                                                                                       |                             |  |               |        |               |           |                 |          
|                                                                                                      | Mineral properties - Available for sale                                                                                                                                               |                             |  |               | 40,000 |               | 40,000    |                
|                                                                                                      | License Agreement (net of accumulated amortization of $52,984)                                                                                                                        | 965,033                     |  | 965,107       |       
|                                                                                                      | Methodology & Technology Assignment (net of accumulated amortization of $851)                                                                                                         | 50,190                      |  | -             |       
|                                                                                                      | Deposit                                                                                                                                                                               |                             |  |               |        |               | -         |                 | 1,000     |              
|                                                                                                      |                                                                                                                                                                                       | Total other assets          |  |               |        |               | 1,055,223 |                 | 1,006,107 |              
|Total Assets                                                                                          |                                                                                                                                                                                       |                             |  |               |        | $   7,345,211 |           | $ 4,521,694     |          
|                                                                                                      |                                                                                                                                                                                       |                             |  |               |        |               |           |                 |           |               | 
|LIABILITIES AND STOCKHOLDERS' EQUITY                                                                 
|Current Liabilities:                                                                                  |                                                                                                                                                                                       |                             |  |               |        |               |           |                 |          
|                                                                                                      | Accounts payable - Trade                                                                                                                                                              |                             |  |               |        | $   4,648,998 |           | $ 3,049,421     |          
|                                                                                                      | Accrued liabilities                                                                                                                                                                   |                             |  |               |        |               | 248,278   |                 | 219,377   |              
|                                                                                                      | License agreement payable                                                                                                                                                             |                             |  |               |        | 500,000       |           | 991,990         |          
|                                                                                                      | Due to related party                                                                                                                                                                  |                             |  |               |        | 4,182         |           | 5,539           |          
|                                                                                                      | Notes payable                                                                                                                                                                         |                             |  |               |        |               | 20,000    |                 | 18,000    |              
|                                                                                                      |                                                                                                                                                                                       | Total current liabilities   |  |               |        |               | 5,421,458 |                 | 4,284,327 |              
|                                                                                                      |                                                                                                                                                                                       |                             |  |               |        |               |           |                 |           |               | 
|Long-Term Liabilities:                                                                                |                                                                                                                                                                                       |                             |  |               |        |               |           |                
|                                                                                                      | Deferred income taxes                                                                                                                                                                 |                             |  |               |        | 51,478        |           | 48,891          |          
|                                                                                                      |                                                                                                                                                                                       | Total long-term liabilities |  |               |        |               | 51,478    |                 | 48,891    |              
|                                                                                                      |                                                                                                                                                                                       | Total liabilities           |  |               |        |               | 5,472,936 |                 | 4,333,218 |              
|                                                                                                      |                                                                                                                                                                                       |                             |  |               |        |               |           |                 |           |               | 
|Commitments and Contingencies                                                                         |                                                                                                                                                                                       |                             |  |               |        |               |           |                
|                                                                                                      |                                                                                                                                                                                       |                             |  |               |        |               |           |                 |           |               | 
|Stockholders' Equity:                                                                                 |                                                                                                                                                                                       |                             |  |               |        |               |           |                 |          
|                                                                                                      | Preferred stock,  par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding on September 30,2010 and June 30, 2010, respectively                      | -                           |  | -             |       
|                                                                                                      | Common stock, par value $0.001 per share; 100,000,000 shares authorized; 3,141,484  and 1,895,270 shares issued and outstanding on September 30, 2010 and June 30, 2010, respectively | 3,142                       |  | 1,896         |       
|                                                                                                      | Additional paid-in capital                                                                                                                                                            |                             |  |               |        | 1,162,648     |           | 275,331         |          
|                                                                                                      | Accumulated other comprehensive income (loss)                                                                                                                                         |                             |  | 58,466        |        | (2,135)       |          
|                                                                                                      | Accumulated income (deficit)                                                                                                                                                          |                             |  |               |        | 648,019       |           | (86,616)        |          
|                                                                                                      |                                                                                                                                                                                       | Total stockholders' equity  |  |               |        | 1,872,275     |           | 188,476         |          
|                                                                                                      |                                                                                                                                                                                       |                             |  |               |        |               |           |                 |           |               | 
|Total Liabilities and Stockholders' Equity                                                            |                                                                                                                                                                                       |                             |  | $   7,345,211 |        | $ 4,521,694   |          
|                                                                                                      |                                                                                                                                                                                       |                             |  |               |        |               |           |                 |           |               | 
|The accompanying notes to consolidated financial statements are an integral part of these statements. |                                                                                                                                                                                      





4





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|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|--------------------------------------------------------------- | --------------------------------------- | ------------------------ |  | ------------------------- | ------------------------- | -------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ------------- | 
|GLOBAL MOBILETECH, INC. AND SUBSIDIARIES                       
|(FORMERLY TREVENEX RESOURCES, INC.)                            
|CONSOLIDATED STATEMENTS OF OPERATIONS                          
|AND COMPREHENSIVE INCOME (LOSS)                                 |                                        
|FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2010 AND 2009         
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|                                                                |                                         |                          |  |                           |                           |                            |                              | For the Three                |                              | For the Three | 
|                                                                |                                         |                          |  |                           |                           |                            |                              | Months ended                 |                              | Months ended  | 
|                                                                |                                         |                          |  |                           |                           |                            |                              | September 30,                |                              | September 30, | 
|                                                                |                                         |                          |  |                           |                           |                            |                              | 2010                         |                              | 2009          | 
|                                                                |                                         |                          |  |                           |                           |                            |                              | (Unaudited)                  |                              | (Unaudited)   | 
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|Revenues                                                        |                                         |                          |  |                           |                           | $              8,054,126   |                              | $                          - |                             
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|Cost of Goods Sold                                              |                                         |                          |  |                           | (6,807,718)               |                            | -                            |                             
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|Gross Profit                                                    |                                         |                          |  |                           |                           | 1,246,408                  |                              | -                            |                             
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|Expenses:                                                       |                                         |                          |  |                           |                           |                            |                              |                              |                             
|                                                                | Professional fees                       |                          |  |                           |                           | 25,183                     |                              | 24,275                       |                             
|                                                                | Rent expense - related party            |                          |  |                           | -                         |                            | 600                          |                             
|                                                                | Depreciation and amortization           |                          |  |                           | 56,206                    |                            | -                            |                             
|                                                                | Sales and marketing                     |                          |  |                           | 95,156                    |                            | -                            |                             
|                                                                | General and administrative - Other      |                          |  | 178,658                   |                           | 259                        |                             
|                                                                |                                         | Total operating expenses |  |                           |                           | 355,203                    |                              | 25,134                       |                             
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|Income (Loss) from Operations                                   |                                         |                          |  | 891,205                   |                           | (25,134)                   |                             
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|Other (Expense):                                                |                                         |                          |  |                           |                           |                            |                              |                             
|                                                                | Interest expense                        |                          |  |                           |                           | (347)                      |                              | -                            |                             
|                                                                |                                         | Total other (expense)    |  |                           |                           | (347)                      |                              | -                            |                             
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|Income (Loss) Before Income Taxes                               |                                         |                          |  | 890,858                   |                           | (25,134)                   |                             
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|Provision for income taxes:                                     |                                         |                          |  |                           |                           |                            |                             
|                                                                | Current                                 |                          |  |                           |                           |                            | (156,223)                    |                              | -                            |              
|                                                                | Deferred                                |                          |  |                           |                           |                            | -                            |                              | -                            |              
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|Net Income (Loss)                                               |                                         |                          |  |                           | $                 734,635 |                            | $                 (25,134)   |                             
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|Comprehensive Income:                                           |                                         |                          |  |                           |                           |                            |                              |                             
|                                                                | Foreign currency translation adjustment | 58,466                   |  | -                         |                          
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|Total Comprehensive Income (Loss)                               |                                         |                          |  | $                 793,101 |                           | $                 (25,134) |                             
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|Earnings (Loss) Per Common Share:                               |                                         |                          |  |                           |                           |                            |                             
|                                                                | Basic                                   |                          |  |                           |                           |                            | $                       0.36 |                              | $                     (0.01) |              
|                                                                | Diluted                                 |                          |  |                           |                           |                            | $                       0.35 |                              | $                     (0.01) |              
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|Weighted Average Number of Common Shares Outstanding:           |                                         |                          |  |                           |                          
|                                                                | Basic                                   |                          |  |                           |                           |                            | 2,043,537                    |                              | 1,750,000                    |              
|                                                                | Diluted                                 |                          |  |                           |                           |                            | 2,073,341                    |                              | 1,750,000                    |              
|                                                                |                                         |                          |  |                           |                           |                            |                              |                              |                              |               | 
|The accompanying notes to consolidated financial statements are
|an integral part of these statements.                          





5





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|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|--------------------------------------------------------------- | -------------------------------------------------------------------------------------- | ------ | --------------- | ------ | ------------ | ------ | --------- | ------ | ------------- | ------- | ----------- | ------ | ------------------------ | --------- | --------------- | ------ | ------------ | 
|GLOBAL MOBILETECH, INC. AND SUBSIDIARIES                       
|(FORMERLY TREVENEX RESOURCES, INC.)                             |                                                                                       
|CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY                
|FOR THE  PERIOD ENDED SEPTEMBER 30, 2010 AND JUNE 30, 2010     
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        | Accumulated              |           |                 |        |              | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         | Additional  |        | Other                    |           |                 |        |              | 
|                                                                |                                                                                        |        | Preferred Stock |        | Common stock |        | Paid-in   |        | Comprehensive |         | Accumulated |        |                          |          
|                                                                | Description                                                                            | Shares |                 | Amount |              | Shares |           | Amount |               | Capital |             | (Loss) |                          | (Deficit) |                 | Totals |             
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                | Balance - June 30, 2009                                                                |        | -               |        | $          - |        | 1,700,000 |        | $    1,700    |         | $   168,600 |        | $                      - |           | $    (143,252)  |        | $     27,048 | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                | Common stock issued for cash                                                           |        | -               |        | -            |        | 165,270   |        | 166           |         | 99,261      |        | -                        |           | -               |        | 99,427       | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                | Common stock issued for management consulting services                                 | -      |                 | -      |              | 30,000 |           | 30     |               | 7,470   |             | -      |                          | -         |                 | 7,500  |             
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                | Foreign currency translation adjustment                                                |        | -               |        | -            |        | -         |        | -             |         | -           |        | (2,135)                  |           | -               |        | (2,135)      | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                | Net income for the period                                                              |        | -               |        | -            |        | -         |        | -             |         | -           |        | -                        |           | 56,636          |        | 56,636       | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                | Balance -June 30, 2010                                                                 |        | -               |        | $          - |        | 1,895,270 |        | $    1,896    |         | $   275,331 |        | $             (2,135)    |           | $      (86,616) |        | $   188,476  | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                | Common stock issued for cash                                                           |        | -               |        | -            |        | 32,214    |        | 32            |         | 32,181      |        | -                        |           | -               |        | 32,213       | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                | Common stock issued for acquisition of fixed assets                                    |        | -               |        | -            |        | 295,000   |        | 295           |         | 206,205     |        | -                        |           | -               |        | 206,500      | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                | Common stock issued as payment for acquisition of License Agreement                    |        | -               |        | -            |        | 769,000   |        | 769           |         | 499,081     |        | -                        |           | -               |        | 499,850      | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                | Common stock issued as payment for acquisition of  methodology & technology assignment |        | -               |        | -            |        | 50,000    |        | 50            |         | 49,950      |        | -                        |           | -               |        | 50,000       | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                | Common stock issued as compensation to director                                        |        | -               |        | -            |        | 100,000   |        | 100           |         | 99,900      |        | -                        |           | -               |        | 100,000      | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                | Foreign currency translation adjustment                                                |        | -               |        | -            |        | -         |        | -             |         | -           |        | 60,601                   |           | -               |        | 60,601       | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                | Net income for the period                                                              |        | -               |        | -            |        | -         |        | -             |         | -           |        | -                        |           | 734,635         |        | 734,635      | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|                                                                | Balance -September 30, 2010                                                            |        | -               |        | $          - |        | 3,141,484 |        | $    3,142    |         | $1,162,648  |        | $             58,466     |           | $      648,019  |        | $1,872,275   | 
|                                                                |                                                                                        |        |                 |        |              |        |           |        |               |         |             |        |                          |           |                 |        |              | 
|The accompanying notes to consolidated financial statements are |                                                                                       
|an integral part of these statements.                           |                                                                                       



6





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|                                                       |                                                                                                    |                             |         |                       |                      |                            |                            |                            |      | 
|------------------------------------------------------ | -------------------------------------------------------------------------------------------------- | --------------------------- | ------- | --------------------- | -------------------- | -------------------------- | -------------------------- | -------------------------- | ---- | 
|GLOBAL MOBILETECH, INC. AND SUBSIDIARIES              
|(FORMERLY TREVENEX RESOURCES, INC.)                   
|CONSOLIDATED STATEMENTS OF CASH FLOWS                 
|FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2010 AND 2009
|                                                       |                                                                                                    |                             |         |                       |                      |                            |                            |                            |      | 
|                                                       |                                                                                                    |                             |         |                       |                      |                            | For the Three Months Ended |                           
|                                                       |                                                                                                    |                             |         |                       |                      |                            | September 30,              |                           
|                                                       |                                                                                                    |                             |         |                       |                      |                            | 2010                       |                            | 2009 | 
|Operating Activities:                                  |                                                                                                    |                             |         |                       |                      |                            |                           
|                                                       | Net income (loss)                                                                                  |                             |         |                       | $            734,635 |                            | $             (25,134)     |                           
|                                                       | Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |                             |         |                       |                     
|                                                       | Income taxes                                                                                       |                             |         |                       | 160,168              |                            | -                          |                           
|                                                       | Depreciation and amortization                                                                      |                             | 56,206  |                       | -                    |                           
|                                                       | Common stock issued for services                                                                   |                             | 61,453  |                       | 7,500                |                           
|                                                       | Changes in assets and liabilities-                                                                 |                             |         |                       |                      |                           
|                                                       |                                                                                                    | Deposit                     |         |                       |                      | 1,000                      |                            | -                          |     
|                                                       |                                                                                                    | Accounts receivable - Trade |         | (2,410,140)           |                      | -                          |                           
|                                                       |                                                                                                    | Accounts payable - Trade    |         |                       | 1,439,519            |                            | 14,916                     |                           
|                                                       |                                                                                                    | Accrued liabilities         |         |                       | (121,262)            |                            | (2,500)                    |                           
|                                                       |                                                                                                    |                             |         |                       |                      |                            |                            |                            |      | 
|Net Cash Provided by (Used in) Operating Activities    | (78,421)                                                                                           |                             | (5,218) |                      
|                                                       |                                                                                                    |                             |         |                       |                      |                            |                            |                            |      | 
|Investing Activities:                                  |                                                                                                    |                             |         |                       | -                    |                            | -                          |                           
|                                                       |                                                                                                    |                             |         |                       |                      |                            |                            |                            |      | 
|Net Cash (Used in) Investing Activities                |                                                                                                    | -                           |         | -                     |                     
|                                                       |                                                                                                    |                             |         |                       |                      |                            |                            |                            |      | 
|Financing Activities:                                  |                                                                                                    |                             |         |                       |                      |                            |                           
|                                                       | Repayment to related party                                                                         |                             |         | (1,459)               |                      | -                          |                           
|                                                       | Proceeds from the issuance of notes payable                                                        | 2,000                       |         | 500                   |                     
|                                                       | Proceeds from the issuance of common stock                                                         | 32,213                      |         | 5,000                 |                     
|Net Cash Provided by Financing Activities              |                                                                                                    | 32,754                      |         | 5,500                 |                     
|                                                       |                                                                                                    |                             |         |                       |                      |                            |                            |                            |      | 
|Effect of Exchange Rate Changes                        |                                                                                                    |                             | 41,985  |                       | -                    |                           
|                                                       |                                                                                                    |                             |         |                       |                      |                            |                            |                            |      | 
|Net Increase (Decrease) in Cash                        |                                                                                                    |                             | (3,682) |                       | 282                  |                           
|                                                       |                                                                                                    |                             |         |                       |                      |                            |                            |                            |      | 
|Cash - Beginning of Period                             |                                                                                                    |                             | 18,416  |                       | 60                   |                           
|                                                       |                                                                                                    |                             |         |                       |                      |                            |                            |                            |      | 
|Cash - End of Period                                   |                                                                                                    |                             |         | $              14,734 |                      | $                   342    |                           
|                                                       |                                                                                                    |                             |         |                       |                      |                            |                            |                            |      | 
|Supplemental Disclosure of Cash Flow Information:      |                                                                                                    |                             |         |                      
|                                                       | Cash paid during the period for:                                                                   |                             |         |                       |                      |                            |                           
|                                                       |                                                                                                    | Interest                    |         |                       |                      | $                        - |                            | $                        - |     
|                                                       |                                                                                                    | Income taxes                |         |                       |                      | $                        - |                            | $                        - |     
|                                                       |                                                                                                    |                             |         |                       |                      |                            |                            |                            |      | 
|(Continued Below)                                     



---



|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |  |  |  |  |  |  |  |  | 
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  |  |  |  |  |  |  |  |  | 
|(Continued from Above)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|Supplemental Information of Noncash Investing and Financing Activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |  |  | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |  |  |  |  |  |  |  |  | 
|On December 26, 2007, the Company issued 200,000 shares of common stock in acquisition of three mining claims, valued at $20,000.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |  |  |  |  |  |  |  |  | 
|On June 12, 2009, the Company issued 14,800 shares of common stock valued at $0.25 per share in lieu of a payment of $3,700 indebted to its former President and CEO and a third party vendor.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |  |  |  |  |  |  |  |  | 
|On July 1, 2009, the Company issued 30,000 shares of common stock at $0.25 per share for management consulting services valued at $7,500.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |  |  |  |  |  |  |  |  | 
|On April 8, 2010, Info-Accent Sdn Bhd ("Info-Accent"), a wholly owned subsidiary of the Company, entered into a five-year Exclusive Marketing, Distribution and License Agreement with VTA, which required Info-Accent pay a one-time only license fee of Ringgit Malaysia("RM") 1.6 million and an additional RM 1.6 million (approximately $491,990) within 90 days of the execution date of the agreement. On July 7, 2010, Info-Accent and VTA executed a Supplemental Agreement, whereby VTA agreed to receive 769,000 shares of the Company's common stock in lieu of a cash payment.                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |  |  |  |  |  |  |  |  | 
|On August 10, 2010, Info-Accent and Digital Kiosk Technologies Sdn Bhd, a Malaysian corporation, entered into a Purchase Agreement to purchase a Vendor Management Inventory software for a total consideration of $206,500. On August 12, 2010, GMT issued 295,000 shares of common stock, par value $0.001 per share priced at $0.70 per share in lieu of cash payment as consideration for the software.                                                                                                                                                                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |  |  |  |  |  |  |  |  | 
|On September 1, 2010, the Company issued 100,000 shares of common stock at $1.00 per share to Valerie Looi as compensation for her services rendered to the Company as Corporate Secretary and Director from March 25, 2010, through August 31, 2010. The Company has charged $79,620 as the compensation expense for the period from July 1, 2010, through August 31, 2010, for her services.                                                                                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |  |  |  |  |  |  |  |  | 
|On September 1, 2010, Info-Accent entered into an Assignment Agreement with the Companys Chairman, Mr. Aris Bernawi whereby the Chairman  assigned to the Company exclusively, throughout the world, all rights, title and interest in the methodology for the optimal sizing of solar PV-hybrid power generation system for a total consideration of $50,000. Under the terms of the Assignment Agreement, GMT issued 50,000 shares of common stock, par value $0.001 per share at a price of $1.00 per share to Mr. Aris Bernawi in lieu of a cash payment as consideration for the Assignment. On September 1, 2010, GMT issued 50,000 unregistered shares of its common stock, par value $0.001 per share at price $1.00 per share, to Mr. Aris Bernawi in connection with the above acquisition.
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |  |  |  |  |  |  |  |  | 
|The accompanying notes to consolidated financial statements are                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|an integral part of these statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 



8





---

GLOBAL MOBILETECH, INC. AND SUBSIDIARIES

(FORMERLY TREVENEX RESOURCES, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2010, AND 2009

(Unaudited)





NOTE 1  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



General Organization and Business



Global MobileTech, Inc. ("Global MobileTech" or "GMT" or "the Company"), a Nevada corporation, was incorporated on December 10, 2007 as a mineral exploration company. The Company did not realize any revenue from its mineral exploration operations, achieved losses since its inception, and relied upon the sale of its securities to fund operations. During 2008 and 2009, the Company faced numerous difficulties and challenges in raising sufficient capital to commence and initiate its planned mineral exploration program.



The management of the Company decided to change its primary business and reorganize the Companys organization structure, Board of Directors, and management to focus on the provision of mobile VoIP calls and mobile advertising services. It is the intention of the new management to dispose off the patented mining claims as soon as practicable, and to pursue the business in the development and sale of solar photovoltaic (PV)-wind and solar PV-biomass hybrid power generation applications; and development and sale of mobile VoIP calls and mobile advertising services.



Formation of Trevenex Acquisitions, Inc.



On September 1, 2009, the Company formed a wholly owned subsidiary, Trevenex Acquisitions, Inc. under the laws of the State of Nevada.  Trevenex Acquisitions, Inc. is currently inactive.



Formation of Info-Accent Sdn Bhd



On April 7, 2010, Info-Accent Sdn Bhd or Info-Accent, a privately held Malaysian company, became a wholly owned subsidiary of Trevenex Acquisitions, Inc.



Unaudited Interim Financial Statements



The interim consolidated financial statements of the Company as of September 30, 2010 and September 30, 2009 and for the three months ended September 30, 2010 and 2009 are unaudited. However, in the opinion of management, the interim financial statements include all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Companys financial position as of September 30, 2010 and September 30, 2009 and the results of its operations and its cash flows for the three months ended September 30, 2010 and 2009. These results are not necessarily indicative of the results expected for the fiscal year ending June 30, 2011. The accompanying financial statements and notes thereto do not reflect all disclosures required under accounting principles generally accepted in the United States of America. Refer to the Companys audited financial statements as of June 30, 2010, filed with the SEC for additional information, including significant accounting policies.



Basis of presentation



The Companys consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP).



Principles of Consolidation



The accompanying consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries Trevenex Acquisitions, Inc. and Info-Accent Sdn Bhd. All significant intercompany balances and transactions have been eliminated in consolidation.



Fiscal year end



The Company has elected June 30 as its fiscal year ending date.



9





---

GLOBAL MOBILETECH, INC. AND SUBSIDIARIES

(FORMERLY TREVENEX RESOURCES, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2010, AND 2009

(Unaudited)





Cash and Cash Equivalents



For purposes of reporting within the statements of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents.



Mineral Property and Related Mineral Rights - Quartz Load Mining Claims



Mineral claim and other property acquisition costs are capitalized as incurred.  Such costs are carried as an asset of the Company until it becomes apparent through exploration activities that the cost of such properties will not be realized through mining operations.  Mineral exploration costs are expensed as incurred, and when it becomes apparent that a mineral property can be economically developed as a result of establishing proven or probable reserve, the exploration costs, along with mine development cost, are capitalized.  The costs of acquiring mineral claims, capitalized exploration costs, and mine development costs are recognized for depletion and amortization purposes under the units-of-production method over the estimated life of the probable and proven reserves.  If mineral properties, exploration, or mine development activities are subsequently abandoned or impaired, any capitalized costs are charged to operations in the current period.



Impairment of long-lived assets



In accordance to with ASC 360, Accounting for the Impairment or Disposal of Long-Lived Assets, the Company evaluates the recoverability of long-lived assets and the related estimated remaining lives at each balance sheet date. The Company records an impairment or change in useful life whenever events or changes in circumstances indicate that the carrying amount may not be recoverable or the useful life has changed. For the years ended September 30, 2010, and 2009, no events or circumstances occurred for which an evaluation of the recoverability of long-lived assets was required.



Revenue recognition



Info-Accent Sdn Bhd, a wholly owned Malaysian subsidiary, commenced operations on April 7, 2010. The Company recognizes revenue when it is realized or realizable and earned less estimated future doubtful accounts. The Company applies the revenue recognition principles set forth under SEC Staff Accounting Bulletin 104 (SAB 104) and considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.



The Company derives its revenue from sales contracts with customers with revenues being generated upon the product or services have been rendered.



Accounts Receivable and Allowance for Doubtful Accounts



The Company recognizes an allowance for doubtful accounts to ensure that accounts receivable are not overstated due to uncollectibility. The allowance for doubtful accounts is maintained for all customers based on a variety of factors, including the length of time the receivables are past due, significant one-time events and historical experience. An additional reserve for individual accounts is recorded when the Company and its subsidiaries become aware of a customers inability to meet its financial obligation, such as in the case of bankruptcy filings or deterioration in the customers operating results or financial position. If the circumstances related to customers change, estimates of the recoverability of receivables would be further adjusted. As of September 30, 2010 and 2009, the Company had no allowance for doubtful accounts.



10





---

GLOBAL MOBILETECH, INC. AND SUBSIDIARIES

(FORMERLY TREVENEX RESOURCES, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2010, AND 2009

(Unaudited)





Stock-based compensation



The Company accounts for its stock based compensation in which the Company obtains employee services in share-based payment transactions under FASB ASC Topic 718,Compensation - Stock Compensation, which requires the Company to expense the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of such instruments over the vesting period.



The Company also adopted FASB ASC Topic 505-50,Equity Based Payment to Non-Employees to account for equity instruments issued to parties other than employees for acquiring goods or services.  Such awards for services are recorded at either the fair value of the consideration received or the fair value of the instruments issued in exchange for such services, whichever is more reliably measurable.



Earnings /Loss per Common Share



Net earnings/loss per common share is computed pursuant to FASB ASC Topic 260,Earnings per Share.  Basic net earnings/loss per share is computed by dividing net earnings/loss by the weighted average number of shares of common stock outstanding during the period. Diluted net earnings/loss per share is computed by dividing net earnings/loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding for the three months ended September 30, 2010 and 2009.



Income Taxes



The Company accounts for income taxes under FASB ASC Topic 740,Income Taxes. Deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes.  The deferred tax assets and liabilities are classified according to the consolidated financial statement classification of the assets and liabilities generating the differences.



The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Companys consolidated financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carryforward period under the Federal tax laws.



Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the realizability of the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate.



Fair Value of Financial Instruments



The Company has adopted FASB ASC Topic 825,Financial Instruments, and ASC Topic 820, Fair Value Measurements and Disclosures, which establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements.  To increase consistency and comparability in fair value measurements and related disclosures, it establishes a three-level valuation hierarchy of valuation techniques based on observable and unobservable inputs, which may be used to measure fair value and include the following:

|        |  |                                                                                                                                                            
|------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------
|        |  |                                                                                                                                                            
|Level 1 |  | Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.                                             
|        |  |                                                                                                                                                            
|Level 2 |  | Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
|        |  |                                                                                                                                                            
|Level 3 |  | Pricing inputs that are generally observable inputs and not corroborated by market data.                                                                   





11





---

GLOBAL MOBILETECH, INC. AND SUBSIDIARIES

(FORMERLY TREVENEX RESOURCES, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2010, AND 2009

(Unaudited)





The carrying amounts of the Companys financial assets and liabilities, such as cash, accounts payable, accrued expenses and accrued interest, approximate their fair values because of the short maturity of these instruments. The Companys notes payable approximate the fair value of such instruments based upon managements best estimate of interest rates that would be available to the Company for similar financial arrangement at September 30, 2010.



The Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis.  Consequently, the Company did not have any fair value adjustments for assets and liabilities measured at fair value as of September 30, 2010 or June 30, 2010, nor gains or losses are reported in the statements of operations that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date for the three months ended September 30, 2010, and 2009.



Estimates



The financial statements are prepared on the basis of accounting principles generally accepted in the United States of America. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of September 30, 2010, and June 30, 2010, and expenses for the three months ended September 30, 2010 and 2009. Actual results could differ from those estimates made by management.



Foreign Currency Translation



The Company follows the provisions of ASC 830, Foreign Currency Translation.  The functional currency of our foreign subsidiary is Ringgit Malaysia (RM). All foreign currency asset and liability amounts are re-measured into U.S. dollars at end-of-period exchange rates. Foreign currency income and expense are re-measured at average exchange rates in effect during the year. Exchange gains and losses arising from foreign currency transactions are included in operations in the period in which they occur. Foreign currency translations are included in other comprehensive income class.



The reporting currency of the Company is United States Dollar ("US$"). In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, "Translation of Financial Statement", using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the year. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders equity.



Translation of amounts from RM into US$1 has been made at the following exchange rates for the three months ended September 30, 2010 and 2009:



|                                           |        |  |     
|------------------------------------------ | ------ |  | ----
|                                           | 2010   |  | 2009
|September 30 - RM: US$1 exchange rate      | 3.0887 |  | -   
|Quarterly average - RM: US$1 exchange rate | 3.1667 |  | -   



Property and Equipment.



Office furniture and computer software are recorded at cost. Depreciation and amortization are computed by the straight-line method over the estimated lives of the applicable assets, or term of the lease, whichever is shorter, if applicable. Expenditures for maintenance and repairs that do not improve or extend the life of the expected assets are expensed to operations, while expenditures for major upgrades to existing items are capitalized. Furniture and computer software are depreciated and amortized over estimated useful lives ranging from 3 to 5 years.



12





---

GLOBAL MOBILETECH, INC. AND SUBSIDIARIES

(FORMERLY TREVENEX RESOURCES, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2010, AND 2009

(Unaudited)





Lease Obligations



All noncancellable leases with an initial term greater than one year are categorized as either capital leases or operating leases. Assets recorded under capital leases are amortized according to the methods employed for property and equipment or over the term of the related lease, if shorter.



Other Comprehensive Income



The Company presents comprehensive income (loss) under FASB ASC 220 Comprehensive Income. ASC 220 states that all items that are required to be recognized under accounting standards as components of comprehensive income (loss) be reported in the financial statements. Accumulated other comprehensive income consisted of unrealized gains or losses resulting from the translation of financial statements from RM to US$. For the three months ended September 30, 2010, the only components of comprehensive income were the net income for the period and the foreign currency translation adjustments, which was a gain of $58,466.



NOTE 2  MINING CLAIMS



On November 1, 2007, the Companys former President, CEO and significant stockholder, Scott Wetzel, acquired a ninety-day (90) option to purchase certain mining claims from IBEX Minerals, Inc. Scott Wetzel assigned his rights to this option to the Company upon its formation on December 10, 2007. On December 26, 2007, the Company exercised the option and purchased the three patented mining claims from IBEX Minerals, Inc. for (i) $20,000 and (ii) 200,000 shares of restricted common stock valued at $20,000, the estimated fair value on the date of acquisition and all the rights, title and interest in the three patented mining claims were deeded to the Company free of encumbrances and recorded in the County of Baker, State of Oregon. In January 2008, the Company retained Minex Exploration, Inc., an independent exploration contract company, and expended $34,354 to locate unpatented mining claims contiguous and surrounding the three patented mining claims. Minex Exploration, Inc. located 66 unpatented mining claims contiguous and surrounding the three (3) patented mining claims. Subsequently, these unpatented claims were recorded in the County of Baker, State of Oregon, and with the office of the United States Bureau of Land Management in Portland, Oregon. The three patented mining claims and 66 unpatented mining claims are referred to as the Bayhorse mining property.



The Bayhorse mining property is located approximately 6.5 miles northeast of the community of Huntington, Oregon, in sections 8,9,16,17,19,20 and 21, T. 13 S., R. 45 E., Willamette Meridian in the County of Baker, State of Oregon.  The registered mining claims are summarized below:



|                                           |  |                                                                               
|------------------------------------------ |  | ------------------------------------------------------------------------------
|Patented mining claims                     |  | Mineral Certificate No., designated by the Surveyor General as Lot No.        
|BAY HORSE QUARTZ LODE MINING CLAIM         |  | Mineral Certificate No. 67, designated by the Surveyor General as Lot No.  37 
|O.K. CONSOLIDATED QUARTZ LODE MINING CLAIM |  | Mineral Certificate No.   3, designated by the Surveyor General as Lot No. 301
|RAPID QUARTZ LODE MINING CLAIM             |  | Mineral Certificate No.   2, designated by the Surveyor General as Lot No. 300
|                                           |  |                                                                               
|Unpatented mining claims                   |  | OMC #                                                                         
|BH1 through BH66                           |  | 163188 through 163253                                                         





The Company did not record depletion of mineral properties as it has not started production from such mining claims. Depletion expense for the next five fiscal years is undeterminable as the Company has not commenced its planned operations.  Subsequent to the locating and recording of the 66 unpatented mining claims by Minex Exploration, the management of the Company determined that such claims were of no future utility to the Company. As such, the cost of the claims, amounting to $34,354, was expensed in fiscal 2008. Due to the Companys change in business direction, the Company considers its remaining three patented mining claims as assets available for sale.



13





---

GLOBAL MOBILETECH, INC. AND SUBSIDIARIES

(FORMERLY TREVENEX RESOURCES, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2010, AND 2009

(Unaudited)





NOTE 3  PROPERTY AND EQUIPMENT



|                                |                          |  |                    
|------------------------------- | ------------------------ |  | -------------------
|                                | As of September 30, 2010 |  | As of June 30, 2010
|                                |                          |  |                    
|Computer Software               | $               689,870  |  | $      452,016     
|Furniture                       | 1,619                    |  | 1,537              
|                                | 691,489                  |  | 453,553            
|Less : Accumulated Depreciation | 54,886                   |  | 22,678             
|                                | $               636,603  |  | $     430,875      



The depreciation and amortization expense recorded was $30,245 and $0 for the three months ended September 30, 2010 and 2009 respectively.





NOTE 4  CHANGE IN MANAGEMENT



Effective March 25, 2010, Mr. Scott Wetzel, Mr. Ted Wagner, and Mr. Raymond Kuh resigned as Directors and officers of the Company. Effective March 25, 2010, Mr. Mohd Aris Bernawi was appointed as Chairman and Director of the Company; Ms. Valerie Hoi Fah Looi was appointed as Secretary and Director of the Company; Mr. Aik Fun Chong was appointed as President and Chief Executive Officer of the Company; Mr. Hon Kit Wong was appointed as Chief Financial Officer and Treasurer; and Mr. Chee Hong Leong was appointed as Director of the Company.





NOTE 5  NOTES PAYABLE



Notes payable as of September 30, 2010 consisted of the following:



|                                                                                                                                                                         |  |   |               | 
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | - | ------------- | 
|                                                                                                                                                                         |  |   | September 30, | 
|                                                                                                                                                                         |  |   | 2010          | 
|Note payable to a non-financial entity, with interest at 6.00% per annum, with principal and interest due June 30, 2010, with an extension granted to November 30, 2010. |  | $ | 500           | 
|                                                                                                                                                                         |  |   |               | 
|Note payable to a non-financial entity, with interest at 7.00% per annum, with principal and interest due March 9, 2010, with an extension granted to November 30, 2010. |  | $ | 17,500        | 
|                                                                                                                                                                         |  |   |               | 
|Note payable to a former director, with interest at 6.00% per annum, with principal and interest due June 7, 2010, with an extension granted to November 30, 2010.       |  | $ | 2,000         | 
|                                                                                                                                                                         |  |   |               | 
|                                                                                                                                                                         |  | $ | 20,000        | 





NOTE 6  COMMON STOCK



Common stock



On June 11, 2009, the Company issued 185,200 shares of common stock for cash at $0.25 per share for total proceeds of $46,300.



On June 12, 2009, the Company issued an aggregate of 14,800 shares of common stock valued at $0.25 per share in lieu of payment of $3,700 indebted to its former President and CEO and an unrelated third- party vendor.





14





---

GLOBAL MOBILETECH, INC. AND SUBSIDIARIES

(FORMERLY TREVENEX RESOURCES, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2010, AND 2009

(Unaudited)





On July 1, 2009, GMT issued 50,000 shares of common stock at $0.25 per share for (i) $5,000 in cash and (ii) $7,500 related to management consulting services, or $12,500 of consideration in the aggregate.



In May 2010, GMT issued 145,270 shares of common stock and 72,635 common stock purchase warrants pursuant to the private placement, where every two shares of the common stock purchased were entitled to a warrant to purchase one additional share of common stock at an exercise price of $1.00 per share and will expire three years from the date of subscriptionfor cash at $0.65 per share for total proceeds of $94,426. These warrants were valued on the date of issuance using the Black-Scholes model that generated a total fair value of $44,882. All 72,635 warrants remain outstanding as of September 30, 2010.



On July 7, 2010, Info-Accent and VyseTech Asia Sdn Bhd or VTA executed a Supplemental Agreement to the Marketing, Distribution and License Agreement whereby VTA agreed to receive 769,000 unregistered shares of restricted common stock of GMT in lieu of a cash payment as full and final payment of the $500,000 license fee. VTA further agreed to waive its entitlement to a three-year warrant with an exercise price of $1.00 per share for every two shares issued to VTA. Info-Accent completed the transaction contemplated by the Marketing, Distribution and License Agreement on July 7, 2010.



On August 10, 2010, Info-Accent and Digital Kiosk Technologies Sdn Bhd, a Malaysian corporation, entered into a Purchase Agreement to purchase a Vendor Management Inventory software for a total consideration of $206,500. Under the terms of the Purchase Agreement, on August 12, 2010, GMT issued 295,000 shares of common stock, par value $0.001 per share at price $0.70 per share in lieu of cash payment as consideration for the software.



On September 1, 2010, GMT executed a Compensation Agreement with Valerie Hoi Fah Looi. Under the terms of the agreement, GMT issued 100,000 unregistered shares of its common stock priced at $1.00 per share to Valerie Hoi Fah Looi as compensation for her services rendered to the Company as Secretary and Director between March 25, 2010 and August 31, 2010.



On September 1, 2010, Info-Accent entered into an Assignment Agreement with the Companys Chairman, Mr. Aris Bernawi whereby the Chairman assigned to the Company exclusively, throughout the world, all rights, title and interest in the methodology for the optimal sizing of solar PV-hybrid power generation system for a total consideration of $50,000. The methodology relates to finding the optimum configuration, among a set of system components, which meets the desired system reliability requirements with the lowest value of levelized cost of energy.  Under the terms of the Assignment Agreement, GMT issued 50,000 shares of common stock, par value $0.001 per share at a price of $1.00 per share to Mr. Aris Bernawi in lieu of a cash payment as consideration for the Assignment. On September 1, 2010, GMT issued 50,000 unregistered shares of its common stock, par value $0.001 per share at price $1.00 per share, to Mr. Aris Bernawi in connection with the above acquisition.



On September 14, 2010, GMT entered into definitive agreements relating to the private placement of $32,214 of our securities through the sale of 32,214 shares of our common stock at $1.00 per share and three year warrants to purchase 16,107 shares of common stock at $1.00 per share to an accredited individual. The purchaser in the private placement was Nor Fairolzukry. There were no fees, commissions or professional fees for services payable in conjunction with the private placement.





Stock Option Plan



Our Board of Directors approved the adoption of the 2007 Non-Qualified Stock Option and Stock Appreciation Rights Plan (2007 Plan) by unanimous consent on December 10, 2007. The 2007 Plan was initiated to encourage and enable officers, Directors, consultants, advisors, and other key employees to acquire and retain a proprietary interest in the our company by ownership of its common stock.  A total of 1,000,000 of the authorized shares of our common stock may be subject to, or issued pursuant to, the terms of the 2007 Plan.  No options have been issued or were outstanding under the 2007 Plan as of September 30, 2010.



15





---

GLOBAL MOBILETECH, INC. AND SUBSIDIARIES

(FORMERLY TREVENEX RESOURCES, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2010, AND 2009

(Unaudited)



NOTE 7  INCOME TAXES



United States income tax



GMT and Trevenex Acquisition are incorporated in the State of Nevada and are subjected to United States of America tax laws.



The provision (benefit) for income taxes for the United States for the three months ended September 30, 2010 and 2009, were as follows (assuming a 15 percent effective tax rate):



|                        |                               |  |  |                        |                        |                        |                        |                   
|----------------------- | ----------------------------- |  |  | ---------------------- | ---------------------- | ---------------------- | ---------------------- | ------------------
|                        |                               |  |  |                        |                        | Three Months Ended    
|                        |                               |  |  |                        |                        | September 30, 2010     |                        | September 30, 2009
|Current Tax Provision:  |                               |  |  |                        |                        |                       
|                        | Federal-                      |  |  |                        |                        |                        |                        |                   
|                        | Taxable income                |  |  |                        | $                    - |                        | $                    -
|                        |                               |  |  |                        |                        |                        |                        |                   
|                        | Total current tax provision   |  |  | $                    - |                        | $                    -
|                        |                               |  |  |                        |                        |                        |                        |                   
|Deferred Tax Provision: |                               |  |  |                        |                        |                       
|                        | Federal-                      |  |  |                        |                        |                        |                        |                   
|                        | Loss carryforwards            |  |  |                        | $         18,075       |                        | $           3,770     
|                        | Change in valuation allowance |  |  | (18,075)               |                        | (3,770)               
|                        |                               |  |  |                        |                        |                        |                        |                   
|                        | Total deferred tax provision  |  |  | $                    - |                        | $                    -







The Company had deferred income tax assets as of September 30, 2010 and June 30, 2010 as follows:



|                              |  |  |                            |                       |                            |                       |                    
|----------------------------- |  |  | -------------------------- | --------------------- | -------------------------- | --------------------- | -------------------
|                              |  |  |                            |                       | As of September 30, 2010   |                       | As of June 30, 2010
|                              |  |  |                            |                       |                            |                       |                    
|Loss carryforwards            |  |  |                            | $              58,434 |                            | $              40,359
|Less - Valuation allowance    |  |  | (58,434)                   |                       | (40,359)                  
|                              |  |  |                            |                       |                            |                       |                    
|Total net deferred tax assets |  |  | $                        - |                       | $                        -





The Company provided a valuation allowance equal to the deferred income tax assets for the three months ended September 30, 2010 and June 30, 2010, because it is not presently known whether future taxable income will be sufficient to utilize the loss carryforwards.



As of September 30, 2010 and June 30, 2010, the Company had approximately $389,562 and $269,059, respectively, in tax loss carryforwards that can be utilized in future periods to reduce taxable income, and will begin to expire in the year 2027.



Malaysia income tax



Info-Accent is registered and operates in Malaysia and is subject to Malaysian tax laws. The statutory income tax rate is 20%. Info-Accent provided a deferred income tax liability for the three months ended September 30, 2010 due to the temporary differences from the excess of capital allowances over depreciation.



16





---

GLOBAL MOBILETECH, INC. AND SUBSIDIARIES

(FORMERLY TREVENEX RESOURCES, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2010, AND 2009

(Unaudited)





The income of the Company was derived from its activities in Malaysia. The entity in Malaysia is subject to file on an entityby-entity basis. The provision for the income tax liability of the Malaysian subsidiary for the three months ended September 30, 2010 and 2009, respectively, are as follows:



|                                           |  |                           |                           |                         |                         |                   
|------------------------------------------ |  | ------------------------- | ------------------------- | ----------------------- | ----------------------- | ------------------
|                                           |  |                           |                           | Three Months ended     
|                                           |  |                           |                           | September 30, 2010      |                         | September 30, 2009
|Current tax expense                        |  |                           | $                 156,223 |                         | $                     -
|Deferred tax expense                       |  |                           | -                         |                         | -                      
|                                           |  |                           |                           |                         |                         |                   
|Provision for Malaysian income tax expense |  | $                 156,223 |                           | $                     -





NOTE 8  RELATED PARTY TRANSACTIONS



As of September 30, 2010, the Company owed Valerie Hoi Fah Looi, the Secretary and Director of the Company $3,534. The amount due to Valerie Looi was for general and administration expenses paid by Valerie Looi on behalf of the Company. This amount is unsecured, bears no interest and has no fixed terms of repayment.



As of September 30, 2010, the Company owed Mohd. Aris Bernawi, the Chairman of the Company $648. The amount due to Aris was to compensate the Chairman for out-of-pocket expenses incurred in carrying out his duties as Chairman and Director of the Company.





NOTE 9 - EXCLUSIVE MARKETING, DISTRIBUTION, AND LICENSE AGREEMENT



On March 15, 2010, GMT entered into a five-year exclusive Marketing, Distribution, and License Agreement with VTA, a Malaysian corporation. The License Agreement relates to GMT acquiring the exclusive marketing rights for products developed by VTA and related mobile VoIP calls and mobile advertising services for the express purpose of selling the products and related mobile VoIP calls and mobile advertising services in North America. Subject to reaching certain goals, GMT will be authorized to continue to sell VTAs products and related mobile VoIP calls and mobile advertising services in the territory on an exclusive basis for the term of this Agreement. In the event GMT does not meet certain minimum sales volumes, the License Agreement will revert to a non-exclusive agreement.



The provisions of the License Agreement require GMT to make a one-time only license fee payment to VTA in the amount of $500,000, within six months of the execution of the agreement. On September 14, 2010, VTA agreed to extend the payment due date to March 15, 2011. GMT is currently undertaking a private placement of common stock to raise the necessary funds to part pay for the License Agreement, and provide operating capital to launch its new business in the United States.



On April 8, 2010, Info-Accent entered into a five-year Exclusive Marketing, Distribution and License Agreement (the License Agreement II) with VTA pursuant to which VTA agreed to grant Info-Accent exclusive marketing, distribution and licensing rights for mobile VoIP calls and mobile advertising products and services developed by VTA in the countries of Malaysia, China, Hong Kong, India, Indonesia, Thailand, Vietnam, Cambodia, Philippines, Korea and Japan. The License Agreement II provides that Info-Accent shall pay a one-time license fee of Ringgit Malaysia (RM) 1.6 million (approximately $500,000) to VTA and an additional RM 1.6 million within 90 days of the execution date of the license agreement as consideration to acquire ongoing mobile VoIP calls and mobile advertising related contracts from VTA. The purchase consideration of $500,000 to acquire existing mobile VoIP related contracts from VTA were progressively paid in cash to VTA during the second quarter of 2010.  On July 7, 2010, Info-Accent and VTA executed a Supplemental Agreement to the Marketing, Distribution and License Agreement whereby VTA agreed to receive 769,000 unregistered shares of restricted common stock of Global MobileTech in lieu of cash payment as full and final payment of the $491,990 license fee.



17





---

GLOBAL MOBILETECH, INC. AND SUBSIDIARIES

(FORMERLY TREVENEX RESOURCES, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2010, AND 2009

(Unaudited)





NOTE 10  METHODOLOGY AND TECHNOLOGY ASSIGNMENT



On September 1, 2010, Info-Accent entered into an Assignment Agreement with the Companys Chairman, Mr. Aris Bernawi whereby the Chairman assigned to the Company exclusively, throughout the world, all rights, title and interest in the methodology for the optimal sizing of solar PV-hybrid power generation system for a total consideration of $50,000. Under the terms of the Assignment Agreement, GMT issued 50,000 shares of common stock, par value $0.001 per share at a price of $1.00 per share to Mr. Aris Bernawi in lieu of a cash payment as consideration for the Assignment. On September 1, 2010, GMT issued 50,000 unregistered shares of its common stock, par value $0.001 per share at price $1.00 per share, to Mr. Aris Bernawi in connection with the above acquisition.



The methodology relates to finding the optimum configuration, among a set of system components, which meets the desired system reliability requirements with the lowest value of levelized cost of energy (LCE).



The Company has utilized the optimal sizing procedure in the design and integration of its solar PV-wind hybrid power generation applications for:



1. rural and remote island electrification; and

2. powering remote radio base stations





NOTE 11 - SIGNIFICANT CONCENTRATION



Customer Concentration



For the three months ended  September 30, 2010, three customers accounted for the balances comprising Accounts Receivable - Trade. We had no customers for the three months ended  September 30, 2009.



|           |  |                            |  |                   
|---------- |  | -------------------------- |  | ------------------
|           |  | Net Sales                 
|           |  | for the three months ended
|           |  | September 30, 2010         |  | September 30, 2009
|Customer A |  | 13.5%                      |  | -                 
|Customer B |  | 10.8%                      |  | -                 
|Customer C |  | 10.0%                      |  | -                 
|           |  | 34.3%                      |  | -                 



Vendor Concentration



Vendor concentration for the three months ended September 30, 2010, and 2009 were as follows:



|         |  |                            |  |                   
|-------- |  | -------------------------- |  | ------------------
|         |  | Net Purchases             
|         |  | for the three months ended
|         |  | September 30, 2010         |  | September 30, 2009
|Vendor A |  | 17.7%                      |  | -                 
|Vendor B |  | 15.3%                      |  | -                 
|Vendor C |  | 15.2%                      |  | -                 
|Vendor D |  | 12.5%                      |  | -                 
|Vendor E |  | 13.3%                      |  | -                 
|         |  | 72.0%                      |  | -                 





18





---

GLOBAL MOBILETECH, INC. AND SUBSIDIARIES

(FORMERLY TREVENEX RESOURCES, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2010, AND 2009

(Unaudited)



Five vendors accounted for substantially all cost of goods sold during the three months ended September 30, 2010. The Company had no vendors for the three months ended September 30, 2009. The Company does not rely on any single vendor to provide services. It has made a strategic decision to engage the services of only a small number of vendors after taking into consideration the quality of service and competitive pricing offered. Should the need arise, the Company could utilize alternative vendors for the services required.



NOTE 12  - SEGMENT INFORMATION



We manage our business and aggregate our operational and financial information in accordance with two operating segments; namely (i) mobile VoIP calls and mobile advertising; and (ii) renewable energy;



Although we are able to track revenues by sales channel, the management, allocation of resources, and analysis and reporting of expenses is presented on a combined basis, at the reportable segment level. Contribution margin is defined as net revenue less cost of sales and total operating expenses.



The following table sets forth the revenue and percentage of revenue attributable to each of the Company's operating segments.



|                                         |  |                   |                            |                        |                    |                   |   |                        |  |                   
|---------------------------------------- |  | ----------------- | -------------------------- | ---------------------- | ------------------ | ----------------- | - | ---------------------- |  | ------------------
|                                         |  |                   | For the Three Months Ended
|                                         |  |                   | September 30,             
|                                         |  | 2010              |                            | 2009                  
|                                         |  |                   | Revenue                    |                        | % of Revenue       |                   |   | Revenue                |  | % of Revenue      
|Mobile VoIP Calls and Mobile Advertising |  | $                 | 5,860,044                  |                        | 73%                |                   | $ | -                      |  | -                 
|Renewable Energy                         |  |                   | 2,194,082                  |                        | 27%                |                   |   | -                      |  | -                 
|                                         |  | $                 | 8,054,126                  |                        | 100%               |                   | $ | -                      |  | -                 
|                                         |  |                   |                            |                        |                    |                   |   |                        |  |                   
|                                         |  |                   | Cost of Sales              |                        | % of Cost of Sales |                   |   | Cost of Sales          |  | % of Cost of Sales
|                                         |  |                   |                            |                        |                    |                   |   |                        |  |                   
|Mobile VoIP Calls and Mobile Advertising |  | $                 | 5,052,579                  |                        | 74%                |                   | $ | -                      |  | -                 
|Renewable Energy                         |  |                   | 1,755,139                  |                        | 26%                |                   |   | -                      |  | -                 
|                                         |  | $                 | 6,807,718                  |                        | 100%               |                   | $ | -                      |  | -                 
|                                         |  |                   |                            |                        |                    |                   |   |                        |  |                   
|                                         |  |                   | Gross Profit               |                        | % of Gross Profit  |                   |   | Gross Profit           |  | % of Gross Profit 
|                                         |  |                   |                            |                        |                    |                   |   |                        |  |                   
|Mobile VoIP Calls and Mobile Advertising |  | $                 | 807,465                    |                        | 65%                |                   | $ | -                      |  | -                 
|Renewable Energy                         |  |                   | 438,943                    |                        | 35%                |                   |   | -                      |  | -                 
|                                         |  | $                 | 1,246,408                  |                        | 100%               |                   | $ | -                      |  | -                 
|                                         |  |                   |                            |                        |                    |                   |   |                        |  |                   
|                                         |  | Income before Tax |                            | % of Income before Tax |                    | Income before Tax |   | % of Income before Tax
|                                         |  |                   |                            |                        |                    |                   |   |                        |  |                   
|Mobile VoIP Calls and Mobile Advertising |  | $                 | 503,747                    |                        | 57%                |                   | $ | -                      |  | -                 
|Renewable Energy                         |  |                   | 387,111                    |                        | 43%                |                   |   | -                      |  | -                 
|                                         |  | $                 | 890,858                    |                        | 100%               |                   | $ | -                      |  | -                 





19





---

GLOBAL MOBILETECH, INC. AND SUBSIDIARIES

(FORMERLY TREVENEX RESOURCES, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2010, AND 2009

(Unaudited)







|               |  |                                          |   |           |                          |   |           |                    
|-------------- |  | ---------------------------------------- | - | --------- | ------------------------ | - | --------- | -------------------
|               |  |                                          |   |           | As of September 30, 2010 |   |           | As of June 30, 2010
|Segment assets |  |                                          |   |           |                          |  
|               |  | Mobile VoIP Calls and Mobile Advertising | $ | 5,929,074 |                          | $ | 4,521,694
|               |  | Renewable Energy                         |   |           | 1,416,137                |   |           | -                  
|               |  |                                          |   | $         | 7,345,211                |   | $         | 4,521,694          





NOTE 13  RECENT ACCOUNTING PRONOUNCEMENTS



On May 22, 2009, the FASB issued FASB Statement No. 164 (ASC Topic 958), Not-for-Profit Entities: Mergers and Acquisitions  (SFAS No. 164). SFAS No. 164 (ASC Topic 958) is intended to improve the relevance, representational faithfulness, and comparability of the information that a not-for-profit entity provides in its financial reports about a combination with one or more other not-for-profit entities, businesses, or nonprofit activities. To accomplish that, this Statement establishes principles and requirements for how a not-for-profit entity:



| |    |                                                                                                                                                            
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------
| | a. | Determines whether a combination is a merger or an acquisition.                                                                                            
| | b. | Applies the carryover method in accounting for a merger.                                                                                                   
| | c. | Applies the acquisition method in accounting for an acquisition, including determining which of the combining entities the acquirer is.                    
| | d. | Determines what information to disclose to enable users of financial statements to evaluate the nature and financial effects of a merger or an acquisition.



This Statement also improves the information a not-for-profit entity provides about goodwill and other intangible assets after an acquisition by amending FASB Statement No. 142,Goodwill and Other Intangible Assets, to make it fully applicable to not-for-profit entities.



SFAS No. 164 (ASC Topic 958) is effective for mergers occurring on or after December 15, 2009, and acquisitions for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2009.  Early application is prohibited. The management of the Company does not expect the adoption of this pronouncement to have material impact on its consolidated financial statements.



On May 28, 2009, the FASB issued FASB Statement No. 165 (ASC Topic 855), Subsequent Events (SFAS No. 165).  SFAS No. 165 (ASC Topic 855) establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued.  Specifically, SFAS No. 165 (ASC Topic 855) provides:



| |    |                                                                                                                                                                                                                                     
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 1. | The period   after   the    balance  sheet   date  during   which  management   of  a  reporting  entity  should evaluate events or transactions that may occur for potential recognition or disclosure in the financial statements.
| | 2. | The   circumstances   under   which  an entity  should  recognize  events or  transactions occurring  after the balance sheet date in its financial statements.                                                                     
| | 3. | The disclosures that an entity should make about events or transactions that occurred after the balance sheet date.                                                                                                                 



In accordance with this Statement, an entity should apply the requirements to interim or annual financial periods ending after June 15, 2009.  The adoption of this pronouncement did not have a material impact on the consolidated financial statements of the Company.



20





---

GLOBAL MOBILETECH, INC. AND SUBSIDIARIES

(FORMERLY TREVENEX RESOURCES, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2010, AND 2009

(Unaudited)





On June 9, 2009, the FASB issued FASB Statement No. 166 (ASC Topic 860), Accounting for Transfers of Financial Assets- an amendment of FASB Statement No. 140  (SFAS No. 166). SFAS No. 166 (ASC Topic 860) revises the derecognization provision of SFAS No. 140 Accounting for Transfers and Servicing of Financial Assets and Extinguishment of Liabilities  and will require entities to provide more information about sales of securitized financial assets and similar transactions, particularly if the seller retains some risk with respect to the assets.  It also eliminates the concept of a "qualifying special-purpose entity."



This statement is effective for financial asset transfers occurring after the beginning of an entity's first fiscal year that begins after November 15, 2009.  The management of the Company does not expect the adoption of this pronouncement to have a material impact on its consolidated financial statements.



In June 2009, the FASB issued FASB Statement 167 (ASC Topic 810) "Amendments to FASB Interpretation No. 46(R).  SFAS No. 167 (ASC Topic 810) amends certain requirements of FASB Interpretation No. 46(R), Consolidation of Variable Interest Entities to improve financial reporting by companies involved with variable interest entities and to provide additional disclosures about the involvement with variable interest entities and any significant changes in risk exposure due to that involvement. A reporting entity will be required to disclose how its involvement with a variable interest entity affects the reporting entity's financial statements.



This Statement shall be effective as of the beginning of each reporting entitys first annual reporting period that begins after November 15, 2009. The management of the Company does not expect the adoption of this pronouncement to have a material impact on its consolidated financial statements.



In June 2009, the FASB issued FASB Statement 168 (ASC Topic 105), "The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles - a replacement of FASB Statement No. 162 " ("SFAS No. 168").  SFAS No. 168 (ASC Topic 105) establishes the FASB Accounting Standards Codification (the "Codification") to become the single official source of authoritative, nongovernmental US generally accepted accounting principles (GAAP). The Codification did not change GAAP but reorganizes the literature.



SFAS No. 168 (ASC Topic 105) is effective for interim and annual periods ending after September 15, 2009. The adoption of this pronouncement did not have a material impact on the consolidated financial statements of the Company.



In January 2010, the FASB issued Accounting Standards Update (ASU) No. 2010-06 to amend ASC 820, Fair Value Measurements and Disclosures to improve disclosures about fair value measurements.  This ASU provides amendments that require new disclosures regarding transfers in and out of Levels 1 and 2 and with respect to various activities in Level 3 fair value measurements.  The new disclosures and clarifications of existing disclosures are effective for interim and annual reporting periods beginning after December 15, 2009.  The adoption of this portion of the ASU effective January 1, 2010 did not have a material impact to the Companys consolidated financial statements.  The disclosures with respect to purchases, sales, issuances and settlements in the roll forward of activity in Level 3 fair value measurements are effective for fiscal years beginning after December 15, 2010.  The Company does not anticipate that the adoption of these provisions of the ASU will have a material effect on its consolidated financial statements.



In February 2010, the FASB issue ASU No. 2010-09 to amend ASC 855, Subsequent Events with respect to certain recognition and disclosure requirements.  The amendments in this ASU are effective upon issuance.  The adoption of this ASU effective the current quarter ended June 30, 2010 did not have a material impact on the Companys consolidated financial statements.



21





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ITEM 2.  MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS



Forward Looking Statements



From time to time, we or our representatives have made or may make forward-looking statements, orally or in writing.  Such forward-looking statements may be included in, but not limited to, press releases, oral statements made with the approval of an authorized executive officer or in various filings made by us with the SEC. Words or phrases "will likely result", "are expected to", "will continue", "is anticipated", "estimate", "project or projected", or similar expressions are intended to identify "forward-looking statements".  Such statements are qualified in their entirety by reference to and are accompanied by the above discussion of certain important factors that could cause actual results to differ materially from such forward-looking statements.



Management is currently unaware of any trends or conditions other than those previously mentioned in this management's discussion and analysis that could have a material adverse effect on our financial position, future results of operations, or liquidity.  However, investors should also be aware of factors that could have a negative impact on our prospects and the consistency of progress in the areas of revenue generation, liquidity, and generation of capital resources.  These include: (i) variations in revenue, (ii) possible inability to attract investors for its equity securities or otherwise raise adequate funds from any source should the company seek to do so, (iii) increased governmental regulation, (iv) increased competition, (v) unfavorable outcomes to litigation involving the company or to which the company may become a party in the future and, (vi) a very competitive and rapidly changing operating environment.



The above-identified risks are not all inclusive.  New risk factors emerge from time to time and it is not possible for management to predict all of such risk factors, nor can it assess the impact of all such risk factors on the company's business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements.  Accordingly, forward-looking statements should not be relied upon as a prediction of actual results.



The financial information set forth in the following discussion should be read with the consolidated financial statements of Global MobileTech, Inc. and subsidiaries included elsewhere herein.



Overview



Global MobileTech, Inc. or GMT specializes in the provision of biomass energy products and renewable energy applications; and mobile VoIP calls and mobile advertising services.



GMT was established in December 2007 as a Nevada corporation and has two operating segments as follows:



1.

The first segment handles the development and sale of mobile voice over internet protocol or VoIP calls and mobile advertising services.

2.

The second segment is involved in the design, integration, marketing and sale of solar photovoltaic or PV-wind and solar PV-biomass hybrid power generation applications.  The biomass used in the power generation system includes oil palm bio-wastes and forest residues.



Our Renewable Energy Business



We help our customers to conceptualize, design and integrate renewable energy systems using biomass as feedstock for example oil palm biowastes and forest residues for conversion into renewable energy. Forest residues are converted to torrefied wood which is typically used as feedstock for co-firing with coal in existing coal-fired plants. The solar PV-wind and solar PV-biomass power generation systems that we design and build are based on the methodology developed by our Chairman. We do not manufacture any of the components used for the power generation systems. The components are sourced from various suppliers. We typically solicit competitive proposals from various component manufacturers, evaluate the proposals and recommend to our customers components that meet with their system performance specifications.



The services we render include site assessment, site verification, power system modeling and analysis, engineering design, project management, progress inspection, installation and integration of the biomass power generation system with solar PV to operate as a hybrid power generation system. The hybrid system was designed to help our customers to reduce their energy bills, increase operational efficiencies and utilizing their biowastes to produce clean energy that would otherwise have caused damage to the environment.  Our customers include owners and operators of oil palm plantations and palm oil mills; lumber and sawmill operators.



22





---



Quarter Highlights



During July 2010, we expanded our operations into the renewable energy business to include the design, integration, marketing and sale of solar PV-wind and solar PV-biomass hybrid power generation applications in partnership with Powernique Technology Sdn Bhd, a Malaysian corporation. Our entry into the renewable energy business is intended to develop another recurring revenue stream that will complement our mobile VoIP calls and mobile advertising business segment. We began generating revenue from the sale of our solar PV-biomass hybrid power generation application in Malaysia during our first fiscal quarter ended September 30, 2010.



On September 1, 2010, Info-Accent Sdn Bhd and Mohd. Aris Bernawi executed an Assignment Agreement whereby the Chairman assigned to the Company, exclusively throughout the world, all rights, title and interest in the methodology for the optimal sizing of a solar PV-wind hybrid power generation system. The methodology relates to finding the optimum configuration, among a set of system components, which meets the desired system reliability requirements with the lowest value of levelized cost of energy.



We have utilized the optimal sizing procedure in the design and integration of the following renewable energy applications:



1)

solar PV-wind hybrid power generation for rural and remote island electrification; and  powering remote radio base stations, and

2)

solar PV-biomass hybrid power generation.



During September 2010, we expanded the scope of our strategic partnership with Powernique Technology Sdn Bhd to include the production and sale of torrefied wood to the United States; and countries within the European Union and Asia.



Results of Operations



The following table sets forth the Companys consolidated statements of operations:



|                                |                                    |                    |                    |                    |                    |          |       
|------------------------------- | ---------------------------------- | ------------------ | ------------------ | ------------------ | ------------------ | -------- | ------
|                                |                                    |                    | Three Months Ended |                    | Three Months Ended
|Statement of Operations Data    |                                    | September 30, 2010 |                    | September 30, 2009
|Revenues                        |                                    | $                  | 8,054,126          |                    | $                  | -       
|Cost of goods sold              |                                    |                    | 6,807,718          |                    |                    | -       
|Gross profit                    |                                    |                    | 1,246,408          |                    |                    | -       
|                                |                                    |                    |                    |                    |                    |          |       
|Operating expenses :            |                                    |                    |                    |                    |                    |         
|                                | Professional fees                  |                    |                    | 25,183             |                    |          | 24,275
|                                | Rent expense - related party       |                    |                    | -                  |                    |          | 600   
|                                | Depreciation and amortization      |                    |                    | 56,206             |                    |          | -     
|                                | Sales and marketing                |                    |                    | 95,156             |                    |          | -     
|                                | General and administration - other |                    |                    | 178,658            |                    |          | 259   
|Total operating expenses        |                                    |                    | 355,203            |                    |                    | 25,134  
|                                |                                    |                    |                    |                    |                    |          |       
|Income / (Loss) from operations |                                    |                    | 891,205            |                    |                    | (25,134)
|Other expense                   |                                    |                    |                    |                    |                    |         
|                                | Interest expense                   |                    |                    | 347                |                    |          | -     
|                                |                                    |                    |                    |                    |                    |          |       
|Provision for income taxes      |                                    |                    | 156,223            |                    |                    | -       
|Net income (loss)               |                                    | $                  | 734,635            |                    | $                  | (25,134)





Comparison of the Three Months Ended September 30, 2010 and 2009



Revenues



For the three months ended September 30, 2010, our total revenues were $8,054,126 as compared to no revenues generated for the three months ended September 30, 2009. The revenues were generated by our Malaysian subsidiary, Info-Accent, from the operations of our mobile VoIP calls and mobile advertising business segment accounting for $5,860,044 of our revenues and revenues from our new renewable energy business segment amounting to $2,194,082.



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Cost of Goods Sold



For the three months ended September 30, 2010, total cost of goods sold was $6,807,718 compared to $0 for the three months ended September 30, 2009. The increase in cost of goods sold was attributable to the increase in revenues generated from our mobile VoIP calls and mobile advertising contracts and renewable energy contracts.  The cost of goods sold for mobile VoIP calls and mobile advertising segment totaled  $5,052,579 and totaled $1,755,139 for our renewable energy segment.



Gross Profit



For the three months ended September 30, 2010, our total gross profit was $1,246,408 that included $807,465 gross profit from our mobile VoIP calls and mobile advertising segment and $438,943 gross profit from our new renewable energy segment. Our gross margin as a percentage of revenue was 15.5%.



Operating expenses



Our total operating expenses for the three months ended September 30, 2010 were $355,203 compared to $25,134 for the three months ended September 30, 2009. The increase of $330,069 was attributed primarily to an increase in general and administration expenses of $178,399, sales and marketing expenses of $95,156 and depreciation and amortization of $56,206.



For the three months ended September 30, 2010, general and administrative expenses were $178,658 compared to $259 for the three months ended September 30, 2009. The increase was primarily attributed to stock-based compensation of $79,620, administration and clerical costs of $28,421, payroll of $17,278 and development cost of $15,789.



For the three months ended September 30, 2010, we incurred sales and marketing expenses of $95,156. There were no sales and marketing expenses for the three months ended September 30, 2009. We incurred sales and marketing expenses relating to the promotion and marketing of Info-Accent's mobile VoIP and mobile advertising services in Asia.



Provision for Income Taxes



For the three months ended September 30, 2010, Info-Accent recorded an income tax provision of $156,223. For the three months ended September 30, 2009, we did not record any income tax provision. In 2009 and 2010, we did not record any tax benefit for the losses incurred in the U.S. by effecting a 100% valuation allowance on the potential benefit as per ASC topic 740. We will record the tax benefits of U.S. losses once our U.S. operations have realized consistent profitability.



Net Income / Loss



For the three months ended September 30, 2010, net income was $734,635 compared to a net loss of $25,134 for three months ended September 30, 2009.





Liquidity and Capital Resources



As of September 30, 2010, we had cash and cash equivalents of $14,734. For the three months ended September 30, 2010, operations were primarily funded from internally generated funds.



Operating activities. Operating activities used net cash of $78,421 and $5,218 during the three months ended September 30, 2010 and 2009, respectively. Net cash used in operating activities during the three months ended September 30, 2010 was primarily attributable to an increase in accounts receivable of $2,410,140, reduced noncash adjustments of $277,827, and offset by increased accounts payable of $1,439519, reduced accrued liabilities of $121,262 and net income of $734,635. Net cash used in operating activities during the three months ended September 30, 2009 was primarily attributable to reduced noncash adjustment of $7,500 and offset by increased accounts payable of $14,916 and reduced accrued liabilities of $2,500 and net loss of $25,134.



Investing activities. There was no investing activity during the three months ended September 30, 2010 and 2009.



Financing activities. Cash generated from financing activities during the three months ended September 30, 2010 of $32,754 resulted from proceeds received from the private placement of our common stock totaling $32,213, a promissory note of $2,000 that we issued to our former officer, Raymond Kuh, and the amount owing to Aris Bernawi and Valerie Looi totaling $1,459.





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On September 14, 2010 VyseTech Asia and GMT agreed to an extension of the $500,000 one time license fee due pursuant to the Exclusive Marketing, Distribution and License Agreement from September 15, 2010 to March 15, 2011. We intend to meet our cash requirements for the next nine months through a combination of suppliers financing, debt financing, equity financing by way of private placements and revenues from our two business segments. There is no assurance that any financing will be available or if available, on terms that will be acceptable to us. We may not raise sufficient funds to fully carry out our business plan. In addition, on September 14, 2010, VTA agreed to extend the payment due date to March 15, 2011. GMT intends to pay the license fees of $500,000 from its internal generated funds.



New Accounting Pronouncements



We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our financial statements, or any of our subsidiaries operating results, financial position, or cash flow.





ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK



We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.





ITEM 4.  CONTROLS AND PROCEDURES



Evaluation of Disclosure Controls and Procedures



In connection with the preparation of this Quarterly Report on Form 10-Q, an evaluation was carried out by our management, with the participation of our Chief Executive Officer and our Chief Financial Officer of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended, as of September 30, 2010.  Based on that evaluation, our principal executive officer and principal financial officer concluded that our disclosure controls and procedures were effective as of September 30, 2010.



Changes in Internal Control Over Financial Reporting



There has been no change in our internal control over financial reporting (as defined in Rule 13a-15(f) of the Exchange Act)  that occurred during the quarter ended September  30, 2010 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.



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PART II - OTHER INFORMATION



ITEM 1.  LEGAL PROCEEDINGS



None



ITEM 1A.  RISK FACTORS



We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.



ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS



None



ITEM 3.  DEFAULTS UPON SENIOR SECURITIES



None



ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS



None



ITEM 5.  OTHER INFORMATION



None



ITEM 6.  EXHIBITS





|               |  |                                                                                                                                                                
|-------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit Number |  | Description of Exhibit                                                                                                                                         
|               |  |                                                                                                                                                                
|31.1           |  | Certification of Principal Executive Officer pursuant to Rule 13a-14 and Rule 15d-14(a), promulgated under the Securities and Exchange Act of 1934, as amended.
|               |  |                                                                                                                                                                
|31.2           |  | Certification of Principal Financial Officer pursuant to Rule 13a-14 and Rule 15d-14(a), promulgated under the Securities and Exchange Act of 1934, as amended.
|               |  |                                                                                                                                                                
|32.1           |  | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer).              
|               |  |                                                                                                                                                                
|32.2           |  | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Financial Officer).              





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SIGNATURES



In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



|                  |                                                                                   |                  
|----------------- | --------------------------------------------------------------------------------- | -----------------
|                  | Global MobileTech, Inc.                                                          
|                  |                                                                                  
|November 15, 2010 | By:                                                                               | /s/ Aik Fun Chong
|                  | Aik Fun Chong President and Chief Executive Officer (Principal Executive Officer)
|                  |                                                                                  
|November 15, 2010 | By:                                                                               | /s/ Hon Kit Wong 
|                  | Hon Kit Wong Chief Financial Officer (Principal Financial and Accounting Officer)





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