UNITED
      STATES


SECURITIES
      AND EXCHANGE COMMISSION


Washington
      D.C. 20549







FORM
      10-KSB





 ̈
            ANNUAL
                REPORT UNDER SECTION 13
                OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.For
              the fiscal year ended
              December 31, 2007


 ̈
            TRANSITION
                REPORT PURSUANT TO
                SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
                1934.For
              the transition period
              from ,
              20,
              to ,
              20.








Commission
      File Number







American
      Fiber Green Products, Inc.


(Exact
      Name of Registrant as Specified in its Charter)







NEVADA
            
            91-1705387(State
                or Other Jurisdiction of
              Incorporation
                or Organization)
            
            (I.R.S.
                Employer
              Identification
                Number)




1618
      51stSouth,Tampa,FL33619


(Address
      of Principal Executive Offices)




(813)
      247-2770


(Registrant’s
      Telephone Number, Including Area Code)







Securities
      registered pursuant to Section 12(g) of the Act:


$.001 par value preferred stock
            
            Over
                the Counter Bulletin Board$.001
                par value common stock
            
            Over
                the Counter Bulletin Board




Check
      whether the issuer is not required to file reports pursuant to Section 13
      or 15(d) of the Exchange Act.     ̈




Check
      whether the issuer (1) filed all reports required to be filed by
      Section 13 or 15(d) of the Securities Exchange Act during the past 12
      months (or for such shorter period that the Registrant was required to file
      such
      reports), and (2) has been subject to such filing requirements for the past
      90 days.     ̈  YES    x  NO




Check
      if
      there is no disclosure of delinquent filers in response to Item 405 of
      Regulation S-B is contained in this form, and no disclosure will be contained,
      to the best of registrant’s knowledge, in definitive proxy of information
      statements incorporated by reference in Part III of this Form 10-KSB or any
      amendment to this Form 10-KSB   ̈




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




State
      issuer’s revenues for its most recent reporting period December 31,
      2007.......$0.




Aggregate
        market value of the voting stock held by non-affiliates of the registrant
        at
        December 31, 2007 was $1,227,231.
  There
        were 9,265,547 shares of the Registrant’s $.001 par value common stock
        outstanding as of December 31, 2007




Transitional
      Small Business Format (check one)    Yes   ̈    NO  x







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          of Contents


American
      Fiber Green
      Products, Inc.


FORM
      10-KSB - INDEX




Part
                IItem
                1.
            
            Description
                of BusinessItem
                2.
            
            Description
                of PropertyItem
                3.
            
            Legal
                ProceedingsItem
                4.
            
            Submission
                of Matters to a Vote of Security
                HoldersPart
                IIItem
                5.
            
            Market
                for Common Equity, Related Stockholder Matters and
                Small Business Issuer Purchases of Equity
                SecuritiesItem
                6.
            
            Plan
                of OperationItem
                7.
            
            Financial
                StatementsItem
                8.
            
            Changes
                in and Disagreements with Accountants on Accounting and Financial
                DisclosureItem 8A.
            
            Controls
                and ProceduresItem
                8B
            
            Other
                informationPart
                IIIItem
                9.
            
            Directors
                and Executive Officers of the
                RegistrantItem
                10.
            
            Executive
                CompensationItem
                11.
            
            Security
                Ownership of Certain Beneficial Owners and Management
                and Related Stockholder MattersItem
                12.
            
            Certain
                Relationships and Related
                TransactionsItem
                13.
            
            ExhibitsItem 14.
            
            Principal
                Accountant Fees and
                ServicesSignaturesCertifications




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Table
        of Contents




This
      Annual Report on Form 10-KSB and the documents incorporated herein by reference
      contain forward-looking statements that have been made pursuant to the
      provisions of the Private Securities Litigation Reform Act of 1995. Such
      forward-looking statements are based on current expectations, estimates and
      projections about Turbine Truck Engines Inc.’s industry, management beliefs, and
      assumptions made by management. Words such as “anticipates,” “expects,”
“intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words
      and similar expressions are intended to identify such forward-looking
      statements. These statements are not guarantees of future performance and are
      subject to certain risks, uncertainties and assumptions that are difficult
      to
      predict; therefore, actual results and outcomes may differ materially from
      what
      is expressed or forecasted in any such forward-looking
      statements.




PART
      I




ITEM
                1.
            DESCRIPTION
                OF
                BUSINESS




Company
      History




American
      Fiber Green Products, Inc., formerly known as Amour Fiber Core, Inc. until
      May 26, 2004, came into existence as a result of the following
      transactions:




In
      March
      of 1993, William Amour founded Amour Hydro Press, Inc. (AHP) to conduct research
      and development to commercialize proprietary technology that would allow the
      company to process waste fiberglass and resins into new commercially viable
      products.




In
      January of 1996 the Board of Directors authorized the merger of AHP with Amour
      Fiber Core, Inc. a Washington corporation. Each common share of Amour Hydro
      Press, Inc. was exchanged for 280 common shares of Amour Fiber Core, Inc. The
      authorized shares of Amour Fiber Core, Inc. were 5,000,000 shares. The company
      operated under this configuration until June 1998 when the Board of Directors
      approved a three for one forward split (3:1) increasing the authorized from
      5,000,000 to 15,000,000 common shares. Amendments to the Articles of
      Incorporation were filed with the State of Washington. Although approved and
      recorded the 3:1 forward split was not reported to the transfer agent of the
      company. The resulting change in common stock was from 3,675,996 to 11,027,988
      common shares issued and outstanding.




Within
      months of these actions, William Amour, founder and driving force behind the
      business was diagnosed with cancer and died in 1999. Attempts by the board
      to
      continue the operation of Amour Fiber Core, Inc. resulted in substantially
      more
      debt and ultimately the cessation of operations. The value of the company was
      in
      the exclusive rights to the proprietary technology, as well as the resources
      developed to source raw material and vendors and the ability to create viable
      products from waste material. There were 884 shareholders of record at the
      time
      of William Amour’s passing and they remained committed to the success of the
      Company. The Company ceased operations in January 2000, however, management
      continued to search for investors to be able to restart production.




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On
      September 15, 2001, after several months of discussion and negotiations
      with Barb Amour and Gerald Rau, directors of Amour Fiber Core, Inc., Kenneth
      McCleave (unafilliated with the registrant prior to the merger) incorporated
      American Leisure Products, Inc. (ALP) a Florida corporation, of which Kenneth
      McCleave was the sole shareholder of the 100,000 issued and outstanding shares
      for the purpose of merger with Amour Fiber Core, Inc. (AFC) The terms and
      conditions of said merger included Mr. McCleave’s assistance in resolution
      of a number of problems restricting Amour. Litigation with the landlord and
      disgruntled note holders threatened the collapse of the company unless amicable
      resolution was achieved. The terms of the merger were established and the
      concerns were resolved over the subsequent 24 months.




In
      May of
      2004, following appropriate shareholder consent and board action, Amour Fiber
      Core, Inc. (Washington) merged with a newly formed Nevada corporation of the
      same name and with the same issued and outstanding shares (11,027,988). Amour
      Fiber Core, Inc. (Nevada) has authorized 350,000,000 common and 5,000,000
      preferred shares.




On
      May 24, 2004, Amour Fiber Core, Inc. (Nevada) then entered into an
      Agreement and Plan of Merger with American Leisure Products, Inc., a Florida
      corporation with a total issued and outstanding of 100,000 common shares. A
      1:6
      reverse split of the Amour Fiber Core, Inc. shares held by the AFC shareholders
      reduced the issued and outstanding common shares of AFC (Nevada) from 11,027,988
      to 1,837,998. The merger called for each share of ALP to convert to 73.52 shares
      of Amour Fiber Core, Inc. (Nevada). The sole shareholder of ALP received
      7,352,000 shares of Amour Fiber Core, Inc. (Nevada) in the merger (i.e. a
      conversion ratio of 73.52:1). Following this transaction, Amour Fiber Core,
      Inc.
      (Nevada) had 9,189,998 shares outstanding.




Following
      this merger and in keeping with the Shareholder Consent and subsequent board
      action, the name of Amour Fiber Core, Inc. (Nevada) was changed to American
      Fiber Green Products, Inc. American Leisure Products, Inc. (a Florida
      corporation) became a wholly owned subsidiary of American Fiber Green Products,
      Inc. The assets and opportunities of American Fiber Green Products, Inc. (f/k/a
      Amour Nevada and Amour Washington) were moved to a newly formed, Amour Fiber
      Core, Inc., ( a Florida Corporation) as a wholly owned subsidiary. The resulting
      structure is American Fiber Green Products, Inc. (Nevada) holding 100% of the
      stock of American Leisure Products, Inc. (Florida) and Amour Fiber Core, Inc.
      (Florida).




Amour
      Fiber Core, Inc




AFC’s
      primary purpose is performing reclamation manufacturing of commercial fiberglass
      products from molded fiberglass waste and outdated resin waste. The Company
      has
      advanced reclamation techniques combined with a proprietary process to reclaim
      fiberglass waste products, obsolete fiberglass molded products and outdated
      or
      excess fiberglass resins. These waste products are key ingredients in the
      production of the Amour fiberglass products. Management believes that its
      ability to transform fiberglass waste into viable commercial products will
      cause
      diversion of thousands of tons of refuse from landfills and transform the waste
      into recycled products with commercial applications. The Company has exclusive
      rights to two patents for its technologies. Three immediate sources of income
      are expected; tipping fees, sale of sub-licensing agreements and marketing
      of
      finished goods.





American
      Leisure Products, Inc.




The
      Company’s second operating subsidiary is American Leisure Products, Inc.
      (“ALP”), which was incorporated in Florida on September 15, 2001, in order
      to merge with Amour Fiber Core, Inc. Following the merger on May 24, 2004,
      ALP began to focus on producing a variety of fiberglass products that provide
      recreational enjoyment, such as the “Hot Rod” car industry and the “Marine
      Industry”. Various molds, tooling and equipment were located or built to
      facilitate this plan of operation. ALP plans to grow through acquisition and
      strategic partnerships for production of fiberglass cars and boats. Our
      fiberglass production facilities will also provide future revenue through the
      production of fiberglass vintage car replicas, boats and other leisure products
      from current molds and tooling and future acquired molds. See Plan of Operation
      under Part 2, Item 6.




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Company
      and Business Overview




The
      Company’s executive management team is:


Kenneth W. McCleave
            
            Chairman
                of the BoardDaniel
                L. Hefner
            
            President,
                Chief Executive Officer and DirectorMichael
                A. Freid
            
            Chief
                Financial OfficerDaniel
                Henning, PhD
            
            Advisory
                Board /Fulbright Senior Specialist




Our
      business plan is to engage in both fiberglass reclamation manufacturing and
      production of fiberglass leisure products from virgin material.




We
      have
      developed, tested and placed into limited commercial production a new technology
      for fiberglass reclamation manufacturing. We have adapted this technology to
      establish a manufacturing business. From the research and development in Amour’s
      early stages, many different products have been prototyped and tested. Our
      initial plan is to produce general planks or boards for marine decking and
      seawalls. From the planking, we will continue to “brand” our name through park
      benches and picnic tables, as well as a variety of additional
      products.




We
      intend
      to offer contracts for sub-licensing of our patented technology. We believe
      that
      licensing our technology to businesses in both foreign and domestic markets
      will
      be an effective method of maximizing the return on our investment in the
      research and development of our fiberglass recycling technology, without
      significant additional capital outlays. Additionally, such licensing agreements
      will increase our public visibility and general awareness of our technology.
      The
      licensee will be required to pay an upfront fee for the sub-license, equipment
      and training prior to delivery and a royalty fee to the Company for each item
      produced by the licensee. If the wholesale price of the licensee’s produced
      products is significantly below the production costs of products produced by
      the
      Company, we may also offer to purchase product from the licensees. We believe
      that establishing licensees in various foreign countries is an effective means
      of introducing our technology into new markets without major capital
      outlays.




The
      sub-licensing agreements will be for a ten year period with two five year
      renewal extensions possible. The one-time fee for the sub-licensing will be
      variable from a low of $250,000 up to $1,000,000 depending upon coverage area.
      Construction of the processing plant will also be an income stream with the
      company providing prefabricated equipment and erection to the sub-licensee.
      The
      revenue is variable by components, configuration and distance. Royalties will
      be
      required from sub-licensees based upon the products and volume on a sliding
      scale. Finally, Company owned facilities will produce products to be sold
      commercially.




Additionally,
      we plan to generate revenues by making waste generators aware of our proprietary
      process for the recycling of fiberglass. The Amour division will offer an
      alternative to “filling the landfills” by offering its process through
      Sub-License Agreements worldwide. Currently, most of the world’s fiberglass is
      not being recycled and is discarded into landfills. Waste generators will be
      solicited to pay tipping fees that currently go to the landfills for disposal
      of
      the waste, to Amour Fiber Core, Inc. By becoming a client of American Fiber
      Green Products, Inc. the waste generator will now become part of a genuine
      recycling operation, achieving coveted ‘green status’. Amour will receive
‘inventory’ at a profit or for minimal cost. To date, we have not entered into
      any sub-licensing agreements and the terms and fees that are outlined above
      have
      not yet been accepted by anyone and are subject to negations.





See
      the
      discussion of the Company’s plan of operations under Part 2,
      Item 6.




The
      Company’s corporate offices and manufacturing facilities are presently located
      at 1618 51stStreet South,Tampa,Florida33619.
      Our website iswww.americanfibergreenproducts.com.




In
      Western States, where the Company’s facilities were originally located, the
      typical cost to a manufacturer to dispose of fiberglass waste in an approved
      landfill is from $90 - $140 per ton, plus shipping costs. The disposal fee
      for
      resin waste in an approved landfill is typically $250 - $350 per 55 gallon
      drum,
      plus shipping costs. These costs appear to be representative of the disposal
      costs of these types of waste throughout the United States. The goal of the
      Company is to expand its manufacturing capacity to support the processing of
      a
      significant percentage of the outdated resins and molded fiberglass waste which
      are shipped to landfills. The Company will accept resins and fiberglass waste


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materials
      from a variety of suppliers. Past suppliers have included the US Navy, The
      Boeing Company, various boat manufacturers and general fiberglass manufacturers.
      The Company anticipates that adequate fiberglass wastes and related materials
      can be obtained from domestic sources; however, should these sources prove
      to be
      inadequate, the Company can purchase new materials to supplement any
      deficiency.




The
      processing fees charged by the Company will range from $100 - $250 per 55 gallon
      drum for disposal of resins and an average processing fee of $120 per ton for
      molded fiberglass waste. The revenue from these items is driven by the
      geographical location of the manufacturing facility. As the Company expands
      production of the manufacturing plant, it is anticipated that the Company will
      receive additional processing fees from new manufacturers who will utilize
      the
      Company’s recycling services.




Growth
      Strategy




We
      believe that there are significant opportunities for us to increase our revenues
      and market position in the recycling and manufacturing industries through the
      following:


•
            
            Optimizing
                our marketing plan;


•
            
            Maintaining
                our state-of-the-art technology
                position;


•
            
            Managing
                our raw material inventory


•
            
            Expanding
                our products so that new products may be offered
                ;


•
            
            Increasing
                our sales volume ;


•
            
            Expanding
                to regional offices


•
            
            Maintaining
                a conservative balance sheet and disciplined capital spending
                program.




We
      are
      presently evaluating plans for our off shore inquires for License agreements.
      Our future growth will be to support our Licensees by marketing these product
      lines:


•
            
            Railroad
                ties•
            
            Parking
                stops


•
            
            Dock
                Fendering Systems


•
            
            Vessel
                Fendering Systems


•
            
            Bridge
                Fendering Systems


•
            
            Seawalls




Focusing
      on Developing Amour
      as a Brand Name




Increasing
      Amour’s reputation and name/brand recognition among its customers,
      manufacturers, employees, management, shareholders, and the investment community
      is a primary goal of management in 2008.




Regulatory
      Mandates




Our
      business model takes into consideration regulatory mandates.




We
      maintain a website with the address www.americanfibergreenproducts.com
      We are not including the information contained in our website as part of, or
      incorporating it by reference into, this report on Form 10-KSB. We will make
      available, free of charge, through our website any of our filings as soon as
      reasonably practicable as we electronically file these materials with, or
      otherwise furnish them to, the Securities and Exchange Commission
      (“SEC”).




We
      are an
      electronic filer with the SEC and the SEC maintains an Internet site that
      contains reports, proxy and information statements, and other information
      regarding issuers that file electronically with the SEC at http://www.sec.gov.




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The
      Company intends to apply for and receive certification from regulatory agencies,
      including the Department of Ecology and the US Environmental Protection Agency,
      to accept certain wastes, including molded fiberglass, resins and related
      materials. The Company’s manufacturing process and facilities require no
      additional environmental clearances, other than compliance with the standard
      regulations and rules which are applicable to US manufacturers of fiberglass
      products.




Actions
      by Federal, state and local governments concerning environmental matters could
      result in laws or regulations that could increase the costs of producing the
      products manufactured by the Company or otherwise adversely affect demand for
      its products. The Company does not currently anticipate any material adverse
      effect on its operations, financial conditions or competitive position as a
      result of its efforts to comply with environmental requirements. Some risk
      of
      environmental liability is inherent in the nature of the Company’s business and
      there can be no assurance that material environmental liabilities will not
      arise. It is also possible that future developments in environmental regulations
      could lead to material environmental compliance or cleanup costs. If the Company
      were to lose its certification to accept fiberglass wastes, it would be
      necessary to use new resins in the manufacturing process, which could reduce
      the
      Company’s cost advantage.





In
      compliance with the general intent of Federal and local environmental
      regulations as they apply to the disposal of outdated resins and fiberglass
      wastes, some suppliers of recyclable materials require approval or certification
      of the Company as one of their “authorized” recipients prior to utilization of
      the Company’s services. In conjunction with these procedural requirements, the
      Company will seek certification that the Company’s process is approved and the
      Company is authorized as a recipient of outdated resins and fiberglass wastes.
      The Company’s products are required to meet material regulations by various
      federal, state, and local government agencies and the performance standards
      or
      requirements of its various customers. As an example, vehicle bumper stops
      are
      required to meet standards and guidelines established by the US Department
      of
      Transportation (DOT). Additionally, many customers request samples of products
      for testing prior to committing the Company’s product to open purchase order
      procurement. The Company has actively supported potential customers in the
      testing and evaluation of each product and anticipates the continuation of
      this
      procedure as the Company expands its customer base and introduces new
      products.




How
      We Will Manage Our
      Operations




We
      will
      electronically hand off to our in-house Customer Care Representatives to handle
      customer calls, sales, verifications, billing and shipping. Customer orders
      are
      processed by our Florida operations facility. The Florida facility is
      responsible for the following duties that further enhance the customer’s
      experience: Both of our subsidiaries’, marketing strategy is to satisfy our
      customer’s needs. Our products meet with instant market approval through
      carefully crafted aesthetics, function, features and competitive pricing. We
      hold weekly meetings with all key members of the operational areas of the
      Company, including sales, compliance, billing, shipping and administration.
      Such
      operational weekly meetings result in a thorough discussion of weekly results
      and problems, with plans and goals for the week set at such
      meetings




Prospective
      customers view our material through our website with information of how to
      contact Amour Fiber Core or American Leisure Products. Once a customer contacts
      us, our customer care representatives will explain the benefits of our service,
      qualify the prospective customer, and answers any questions they may have.
      All
      of these factors help to solidify customer retention rates and expected
      long-term brand loyalty.




The
      overall marketing plan for our product is based on the following
      fundamentals:




Amour
      Fiber Core


•
            
            Verify
                the customers are qualified


•
            
            Establish
                Licensee’s for each specific product they will
                market


•
            
            Identify
                a continuous supply of new opportunities, to fill the sales
                “funnel”.


•
            
            Ship
                the products directly




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•
            
            Maintain
                contact with the customer (to insure on-going education and regulatory
                compliance);


•
            
            Establish
                a professional, distribution
                network


•
            
            Develop
                a system to minimize delivery lead
                time.


•
            
            Establish
                protocols to promote follow up sales or referrals from existing
                customers.


•
            
            Obtain
                feedback from the customer base to continually improve the product
                or the
                sales channel.




American
      Leisure Products




The
      overall marketing plan for our product is based on the following
      fundamentals:


•
            
            Establish
                a professional, qualified and capable distribution dealer
                network.


•
            
            Identify
                a continuous supply of new opportunities, to fill the sales
                “funnel”.


•
            
            Manage
                a system to minimize delivery lead
                time.


•
            
            Manage
                the systems to promote follow up sales or referrals from existing
                customers.


•
            
            Obtain
                feedback from the customer base to continually improve the product
                or the
                sales channel.




Initially,
      all shipping will be direct to the consumer and produced in our Florida
      facility, with the Company receiving bulk shipments from its suppliers at the
      same location.




American
      Leisure Products




General
      Development of Business




American
      Leisure Products is a company that will produce fiber reinforced plastic
      composite parts. Although ALP will produce products from its own molds and
      tooling, we will also be able to serve as an outsource to many industries,
      including: transportation, marine, commercial and architectural. The reputation
      and experience of our production employees create a demand for our services
      in
      the market place. Our experience in building custom molds for multiple
      industries is in high demand. Generally, the explosive demand for fiberglass
      recreational products to fill the demands of affluent ‘baby boomers’ with
      leisure time on their hands bodes well for ALP and other producers for several
      years to come. ALP has positioned itself to be a leader within the Fiberglass
      Reinforced Plastic (FRP) industry by means of its unique designs and product
      variety, as well as the experience and skill of its employees and
      management.




Growth
      Strategy




Growth
      is
      intended to be achieved by establishing brand recognition for American Leisure
      Products both as an owned product line and as a reliable outsource for the
      FRP
      manufacturing industry. ALP will increase its customer base requiring FRP
      products to be built as our reputation for quality and delivery reliability
      becomes known. These customers require products to be built as they do not
      have
      the facility and/or knowledge to produce these products in-house.





In
      addition to the outside work, ALP intends to produce “in house” products
      described below that the Company owns or controls. These products will focus
      on
      the recreational industry. Growth will be achieved by establishing dealers
      for
      the replica car bodies and FRP parts and by participating in rallies and
      gatherings of hobbyists for the various products. Support will be available
      through employee’s who can assist with questions, printed material, and
      commitments by the Company and the dealer at national shows, all linked through
      the Company’s web site. Advertisement in regional and national publications will
      increase brand recognition. Our research shows that the dealer network in the
      “hot markets” in the US could reach a potential of 200 plus dealers. The use of
      the Internet will allow communication with world wide customers.


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Products




Antique
      Replicars


•
            
            Nostalgic
                replica automobiles (commonly referred to as Hot Rods) are provided
                at
                completion levels from the hobbyist who wants to build his own car
                to the
                enthusiast that wants to buy a complete automobile ready to drive
                away.
                These cars are offered in a number of package configurations to serve
                every segment of the market:


•
            
            Phase
                1: These parts package includes all of the major body components.
                The
                customer will build the car from the ground up. This customer is
                normally
                a serious hobbyist with tools, equipment and the required
                skills.


•
            
            Phase
                2: These parts packages are provided with all of the components required
                less the engine and the interior. This includes the frame, suspension,
                brakes, body, steering, wheels, etc. This customer is the hobbyist
                who
                wants to build a car and has the space, some equipment, but wants
                all of
                the components (already fitted) and
                complete.


•
            
            Phase
                3: This level is for the enthusiast who does not have the place,
                time,
                equipment or skills to build an
                automobile.




Building
      the cars at various stages will reduce a major part of the dealer’s time. The
      Company will support the dealers with cars (nick-named rollers). These “rollers”
will be assembled, based on various stages of work with easy step-by-step
      processes to complete. By building the cars in these stages, it will allow
      the
      final car to be completed with a minimum of effort.




Boats




ALP
      will
      produce fiberglass boats from molds and tooling that will be exclusive to ALP.
      These boats have long histories and continue to receive regional and nation
      recognition for their quality construction, unique style and the fierce loyalty
      of their owners. ALP will produce trawlers, sailboats and flats boats from
      their
      own exclusive lines as well as provide outsource service for other manufacturers
      as need and opportunity allow.




Other
      Products




From
      time
      to time as opportunities arise, ALP may opt to develop other products to build
      for their own account or others. The level of skill and expertise of the
      management and employees of ALP enhance their imagination and market awareness.
      Design and /or redesign of a product for the market is within their in-house
      skills as well as the ability to build the tooling and molds that bring those
      designs to reality and to market.





Future
      Growth Strategy




We
      will
      expand the dealer network through direct marketing from the factory. Each dealer
      will have an area that will be negotiated based on commitments and the
      demographics that needs to be covered. The “Dealer Package” will be for a
      certain minimum requirement and a commitment for delivery of additional cars
      for
      the remaining year based on the geographic area of the dealer.




See
      the
      discussion of the Company’s plan of operations under Part 2,
      Item 6.




Antique
      Replicar Rental




Our
      market research indicates that a business opportunity grows substantially,
      when
      we use our own manufactured vintage car products in a rental fleet network
      in
      vacation areas. Demand for a fresh, new, fun alternative form of transportation
      is an exciting prospect for consumers and investors alike.


•
            
            Rental
                locations will be established throughout the country to satisfy the
                demand
                for exotic or premium rentals in locations such as Miami, FL, Daytona,
                FL,
                Las Vegas, NV, Los Angeles, CA, etc. The Company intends to use these
                centers to rent, service, and sell its
                products.


•
            
            Parts
                and service. The parts required to assemble these vintage cars will
                be made available to our dealer network as well as retail consumers.
                Through the use of our web site, both dealers and consumers will
                be able
                to interface with the factory for their needs. The service category
                includes revenues from customers for the repair of damaged items
                or items
                that need to be installed.




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Competition
      - Amour Fiber Core




Recycling




The
      Company is aware of several experimental fiberglass recycling projects and
      a few
      prototype or development stage commercial fiberglass recycling companies. Most
      of these competitors utilize a process which grinds the fiberglass into a fine
      powder and feeds the powder into the fluid being sprayed, under pressure, onto
      fiberglass molds. The Company is not aware of any fiberglass recycling companies
      which utilize any process similar to the Company’s proprietary process; however,
      it is possible that others are in the early stages of developing other
      fiberglass recycling technologies. The Company believes that the patent issued
      to the Amour Family Trust and licensed to the Company will be sufficient to
      prevent any potential competitors from utilizing any process similar to that
      used by the Company.




Products




The
      Company will compete worldwide with a variety of manufacturers of wood, plastic,
      concrete and fiberglass products, including many large industrial corporations
      with resources significantly greater than those of the Company.





The
      Company competes with new fiberglass products based upon price. New fiberglass
      products are manufactured with new resins and new glass fibers, which add raw
      material costs to the wholesale price of the product. Manufacturing of the
      Company’s product does not incur the same raw materials costs and, therefore, to
      the extent the Company utilizes recyclable resins and fiberglass wastes, the
      Company’s products may have a sales price advantage. There are a number of
      businesses that make or could make fiberglass tables and benches. In general,
      these businesses must purchase raw materials to manufacture their products,
      and
      therefore have higher costs of goods sold.




Like
      other fiberglass products, the Company’s products are typically sold at a price
      higher than similar wood products; however like other fiberglass products,
      the
      Company’s products have strong resistance to moisture, dry rot and surface
      damage. The Amour products also present features of higher strength and
      durability. The Company believes these long term benefits off set the higher
      price of the product. The Company’s products are similar in cost to new and
      recycled plastic products. The advantages that the Company’s products have over
      plastic products are higher modulus of rupture and elasticity, higher
      compression allowance, higher density and better structural
      integrity.




American
      Leisure Products




The
      Company believes its products provide an overall better value for the customer
      when compared to its competition, because of exceptional features such as
      selling kits that allow for lower cost entry into the hobby. . Even though
      the
      feature benefits may be compelling, ALP products will remain competitively
      priced. The Company does not anticipate erosion in margin due to competition.
      The leisure market is expanding rapidly and maintenance of market share will
      insure growth. Most of the competitors in this market offer a cost effective,
      reliable product that will meet or exceed the functional application
      requirements.




The
      distinguishing advantages for ALP are a competitive price point, a superior
      product, ongoing product evaluation, quality control and support. A complete
      technical comparison is available; which gives ALP an advantage over its
      competitors by providing a greater perceived value to the Customer.




Employees




As
      of
      December 31, 2007, the Company employed four full-time employees. The
      Company may engage independent contractors and other temporary employees in
      its
      operations as required. None of the Company’s employees is represented by a
      labor union, and the Company considers its employee relations to be good. The
      Company believes that its future success will depend in part on its continued
      ability to attract, hire and retain qualified personnel.


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ITEM 2.
            DESCRIPTION
                OF
                PROPERTY




Our
      office and production facilities are located at 1618 South 51stStreet,Tampa,Florida33619.
      Currently, a related company,
      Affordable Fiberglass Group, has a lease/option on the property where AFGP
      is
      located. No monthly rental fee is charged by the related party, but there is
      no
      guarantee that this arrangement will continue. The office is approximately
      1,000
      square feet and is in a condition adequate for our start up. The production
      facilities will be sufficient for the start up of AFGP. Additional adjacent
      property is available for lease or purchase. The terms of the lease agreement
      require thirty days written notice by either party to terminate the
      lease.







ITEM 3.
            LEGAL
                PROCEEDINGS




The
      Company is not involved in any legal proceedings and is not aware of any pending
      or threatened claims.




The
      Company expects that it may become subject to legal proceedings and claims
      from
      time to time in the ordinary course of its business, including, but not limited
      to, claims of alleged infringement of the trademarks and other intellectual
      property rights of third parties by the Company and its licensees. Such claims,
      even if not meritorious, could result in the expenditure of significant
      financial and managerial resources.




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




During
      the year ended December 31, 2007, the Company did not submit any matters to
      a vote of its security holders.






PART
      II




ITEM 5.
            MARKET
                FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND SMALL
                BUSINESS ISSUER PURCHASE OF EQUITY
                SECURITIES




Market
      Information:




American
      Fiber Green Products, Inc. common stock was not quoted in any United States
      markets as of 12/31/07. However a trading symbol ( AFBG) has  been
      assigned. The Company has applied to have its capital shares quoted on the
      Over
      the Counter Bulletin Board (“OTCBB”).




Currently
      there are no outstanding warrants or options to purchase stock.




Penny
      Stock Regulations:




The
      Company’s common stock is subject to provisions of Section 15(g) and Rule
      15g-9 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
      commonly referred to as the “penny stock rule.” Section 15(g) sets forth
      certain requirements for transactions in penny stocks, and Rule 15g-9(d)
      incorporates the definition of “penny stock” that is found in Rule 3a51-1 of the
      Exchange Act. The SEC generally defines “penny stock” to be any equity security
      that has a market price less than $5.00 per share, subject to certain
      exceptions. As long as the Company’s common stock is deemed to be a penny stock,
      trading in the shares will be subject to additional sales practice requirements
      on broker-dealers who sell penny stocks to persons other than established
      customers and accredited investors.





The
      common stock of AFBG has not been traded in the last two calendar years on
      any
      quotation board nor has any board quoted a ‘bid’ or ‘ask’.




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Dividends




The
      Company does not anticipate paying any cash dividends on its Common Stock in
      the
      foreseeable future. The Company expects to retain, if any, its future earnings
      for expansion or development of the Company’s business. The decision to pay
      dividends, if any, in the future is within the discretion of the Board of
      Directors and will depend upon the Company’s earnings, capital requirements,
      financial condition and other relevant factors such as contractual obligations.
      There can be no assurance that dividends can or will ever be paid.




Holders:




As
      of
      December 31, 2007 there were approximately 890 holders of record of AFBG
      common stock and no holders of record of the AFBG preferred stock.




ITEM 6.
            PLAN
                OF OPERATION




THIS
      FILING CONTAINS FORWARD-LOOKING STATEMENTS. THE WORDS “ANTICIPATED,” “BELIEVE,”
“EXPECT,” “PLAN,” “INTEND,” “SEEK,” “ESTIMATE,” “PROJECT,” “WILL,” “COULD,”
“MAY,” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING
      STATEMENTS. THESE STATEMENTS INCLUDE, AMONG OTHERS, INFORMATION REGARDING FUTURE
      OPERATIONS, FUTURE CAPITAL EXPENDITURES, AND FUTURE NET CASH FLOW. SUCH
      STATEMENTS REFLECT THE COMPANY’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND
      FINANCIAL PERFORMANCE AND INVOLVE RISKS AND UNCERTAINTIES, INCLUDING, WITHOUT
      LIMITATION, GENERAL ECONOMIC AND BUSINESS CONDITIONS, CHANGES IN FOREIGN,
      POLITICAL, SOCIAL, AND ECONOMIC CONDITIONS, REGULATORY INITIATIVES AND
      COMPLIANCE WITH GOVERNMENTAL REGULATIONS, THE ABILITY TO ACHIEVE FURTHER MARKET
      PENETRATION AND ADDITIONAL CUSTOMERS, AND VARIOUS OTHER MATTERS, MANY OF WHICH
      ARE BEYOND THE COMPANY’S CONTROL. SHOULD ONE OR MORE OF THESE RISKS OR
      UNCERTAINTIES OCCUR, OR SHOULD UNDERLYING ASSUMPTIONS PROVE TO BE INCORRECT,
      ACTUAL RESULTS MAY VARY MATERIALLY AND ADVERSELY FROM THOSE ANTICIPATED,
      BELIEVED, ESTIMATED, OR OTHERWISE INDICATED. CONSEQUENTLY, ALL OF THE
      FORWARD-LOOKING STATEMENTS MADE IN THIS FILING ARE QUALIFIED BY THESE CAUTIONARY
      STATEMENTS AND THERE CAN BE NO ASSURANCE OF THE ACTUAL RESULTS OR
      DEVELOPMENTS.




The
      following discussion and analysis should be read in conjunction with “Selected
      Financial Data” and our financial statements and related notes thereto included
      elsewhere in this registration statement. Portions of this document that are
      not
      statements of historical or current fact are forward-looking statements that
      involve risk and uncertainties, such as statements of our plans, objectives,
      expectations and intentions. The cautionary statements made in this registration
      statement should be read as applying to all related


forward-looking
      statements wherever they appear in this registration statement. Our actual
      results could differ materially from those anticipated in the forward-looking
      statements. Factors that could cause our actual results to differ materially
      from those anticipated include those discussed in “Risk Factors,” “Business” and
“Forward-Looking Statements.”




The
      following management discussion should be read together with the AFGP’s
      consolidated financial statements included in this registration statement See
      “Index to Financial Statements” at page F-1. Those consolidated financial
      statements have been prepared in accordance with generally accepted accounting
      principles of the United States of America.




General
      Overview




American
      Fiber Green Products, Inc.




From
      its
      inception, American Fiber Green Products, Inc. ( f/k/a Amour Hydro Press, Inc;
      Amour Fiber Core, Inc. [Washington]; Amour Fiber Core, Inc. [Nevada]) has had
      a
      focus on the production of Fiberglass Reinforced Plastic (FRP) products to
      take
      to market, beginning with the patented recycling technology developed by William
      Amour, the company’s founder. After spending millions of dollars on research and
      development and proving that the technology could, in fact, recycle fiberglass
      waste and produce superior fiberglass products, the Company was forced to
      suspend operations due to the death of Mr. Amour in 1999. Several years of
      stagnation and distress left the Company, its creditors and its nearly 850
      shareholders on the verge of total loss. In 2001 Kenneth McCleave started
      dialogue with the Management and shareholders of the Company about


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merging
      with American Leisure Products, Inc., a company that would use virgin materials
      to produce vintage cars, boats and other FRP products. These discussions
      resulted in a concerted effort by McCleave and his team, as well as the Officers
      and Directors of the Company, to establish support for and confidence in the
      proposed plan of merger. In May of 2004 after much creditor negotiation,
      resolution of legal matters and personal visits with hundreds of shareholders
      representing over 70% of the issued and outstanding shares of the Company’s
      common stock, the merger was completed between Amour Fiber Core, Inc. (Nevada)
      and American Leisure Products, Inc. (Florida) Simultaneously, the combined
      companies effected a name change to American Fiber Green Products, Inc. (AFGP)
      The company established that the future operations of the two merged companies
      would represent two divisions of AFGP. Amour Fiber Core, Inc. (Florida) had
      been
      formed to be a subsidiary of American Fiber Green Products, Inc. specifically
      fiberglass waste recycling. American Leisure Products, Inc. (Florida) will
      produce fiberglass components from new materials.




Amour
      Fiber Core




We
      plan
      to generate revenues from several areas: a technology and proprietary process
      for the recycling of fiberglass. Revenues can be produced from the following
      areas:




Amour
      Fiber Core primary focus will be to recycle fiberglass, produce products from
      recycled material and sell license agreements for its process. The Company
      has
      developed, tested and previously placed into limited commercial production,
      a
      new technology for fiberglass reclamation manufacturing. It has adapted this
      technology to establish a manufacturing business. From the research and
      development in Amour’s early stages many different products have been prototyped
      and tested. Building on this foundation, management has determined that the
      pilot plant to be constructed in Florida in 2008 will produce general planking
      or boards for marine decking and seawalls. Marketing the planking we will help
      to “brand” our name through park benches and picnic tables as part of our first
      line of finished goods.





We
      intend
      to offer contracts for our licensing of our patented technology. The Company
      believes that licensing its technology to businesses in foreign countries and
      the North American market can be an effective method to maximize the return
      on
      its investment in the continued development of its fiberglass recycling
      technology, without significant additional capital outlays. Additionally, such
      licensing agreements will increase the Company’s public visibility and general
      awareness of its technology. The licensee will be required to pay an upfront
      fee
      for the sub-license, equipment and training prior to delivery and a royalty
      fee
      to the Company for each item produced by the licensee. If the wholesale price
      of
      the licensee’s produced products are significantly below the production costs of
      products produced by the Company, the Company may also offer to purchase product
      from the licensees. The Company believes the establishment of licensees in
      various foreign countries is an effective means of introducing the Company’s
      technology into new markets without major capital outlays.




American
      Leisure Products.




American
      Leisure Products (ALP) will produce FRP parts within the fiberglass industry.
      In
      addition the company will produce parts from the company owned molds for the
      after market hot rod industry and the marine industry. ALP will produce and
      sell
      vintage car bodies, boats, and other fiberglass components in the leisure
      products line. The leisure market has been defined in recent years as one of
      the
      fastest growing market segments because of ‘baby boomers’ who have reached a
      point of financial affluence and increasing leisure time. Their desire to enjoy
      the ‘fruits of their labor’ has created a massive market that our products will
      feed. The company currently owns molds for several products, but will also
      be
      acquiring additional molds and tooling as funding is achieved through debt
      or
      equity or the combination.


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Results
      of Operations




Revenues.




The
      Company had no revenue for the year ended December 31, 2007. The company
      has suspended all operations for the past several years while management
      effected the changes in corporate structure, built a management team, studied
      the market trends, and generated investment interest in the Company’s business
      model and opportunity. The company plans to build a pilot plant in 2008. Upon
      filing of this Form10KSB the company will begin the process of establishing
      a
      network of sub-licensees to collect and process waste fiberglass and to produce
      finished goods from that process. These sub-licenses will provide income to
      the
      Company in initial fees for acquiring the license as well as ongoing revenue
      from production royalties.




Expenses




The
      Company incurred interest expense for year ended December 31, 2007, of
      $114,457. Interest for the year ended December 31, 2006 was $98,910.
      Interest was charged based on the stated interest rates set forth in the notes.
      Marketing, general and administrative expenses for the same periods were
      $167,534 and $104,466 respectively.  The increase in marketing,
      general and administrative expenses is primarily due to the costs associated
      with the cost of corporate filings and accounting.




Income
      tax
      expense.




The
      Company has incurred net operating losses since inception. At December 31,
      2007 the Company had a net operating loss carry forward of approximately
      $2,726,964. For U.S. tax purposes the net operating losses will begin expiring
      in twenty years. We have had a change of ownership as defined by the Internal
      Revenue Code section 382. As a result, a substantial annual limitation may
      be
      imposed upon the future utilization of our net operating loss carry
      forwards.





General
      Trends and Outlook




We
      believe that our immediate outlook is extremely favorable, as we believe there
      is no other company competing with us on a nationwide basis in our market niche
      for recycling fiberglass and only a limited numbers of companies competing
      with
      us in of our products within American Leisure Products. However, there is no
      assurance that such national competitor will not arise in the future. We do
      not
      anticipate any major changes in the Recycling industry. We believe that 2008
      will be a significant growth year, and besides the operational business
      strategies discussed above, we intend to implement the following plans in 2008
      in order to maintain and expand our opportunity.




We
      plan
      to staff our facility in Tampa, Florida, with customer service representatives
      and logistical support personnel to build our Pilot Plant and complete our
      tooling requirements. Currently this facility is limited in staff. The Tampa
      plant will serve as the selling platform for the sub-licensing of Amour Fiber
      Core’s patented technology. Additionally, we will utilize this facility to
      directly distribute American Leisure’s products to the market.




As
      we
      gain strength and stability in the U.S. domestic market, we intend to expand
      our
      influence and market in other areas of the world through our license agreements.
      Inquiries about acquiring use of the Amour recycling technology have been
      received from Japan, Australia, England, France, Turkey, Egypt, the African
      continent, Indonesia, Ireland, the Caribbean basin and Canada.




Liquidity
      and Capital Resources




During
      the years ended December 31, 2007 and 2006 the Company used cash from
      operating activities of $123,154 and $98,149, respectively. This use of cash
      is
      primarily due to operating losses for both periods and partially offset by
      deferred compensation.




During
      the years ended December 31, 2007 and 2006 the Company provided (used) cash
      from investing activities of $546,656 and ($4,651), respectively. The increase
      in cash flows from investing activities is primarily due to the reclassification
      of interest payable from short term to long term.  This is more
      accurate presentation since our priorities are to focus on the business growth
      and profitability.


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During
      the years ended December 31, 2007 and 2006 the Company (used) provided cash
      from financing activities of ($423,511) and $102,792, respectively. This
      decrease of cash provided by financing activities is primarily due to the
      reclassification of interest payable from short term to long
      term.  This is a more accurate presentation since our priorities are
      to focus more on the business growth and profitability.




The
      aggregate value of outstanding loans as of December 31, 2007 is $555,577.
      This amount is comprised of notes payable to shareholders of $334,035 and
      long-term payables of $221,542. Notes payable to shareholders are due on demand,
      together with accumulated interest on a compound basis at rates specified in
      each note.




Long-term
      payables are comprised of amounts due to PAC, a related party, of $220,400
      of
      which $214,700 bears interest with terms similar to those of the notes payable
      to shareholders. The remaining balance of long-term payables of $6,872 has
      no
      specified terms or conditions.




Cash
      flows from operations have been derived primarily from increased liabilities
      and
      issuance of equity. As of December 31, 2007, working capital deficit was
      $333,373. As current operating cash flow is insufficient to finance the
      Company’s planned growth, we will continue to seek additional financing from
      alternative sources, including bank loans, supplier agreements and other
      financing arrangements. The Company has engaged the services of an unaffiliated
      third party on a performance basis to locate both short term and long term
      funding in both debt and equity. Preliminary results have produced anticipation
      of short term financing in the second quarter of 2008 and long term funding
      in
      the third quarter based upon AFBG commencing trade on the OTC:BB.





The
      Company’s financial statements have been prepared assuming that the Company will
      continue as a going concern. For the year ended December 31, 2007, the
      Company had a net loss of $276,862, cash used by operations of $123,154, and
      negative working capital of $333,373 at December 31, 2007. In view of these
      matters, recoverability of recorded asset amounts shown in the accompanying
      consolidated financial statements is dependent upon the Company’s ability to
      commence operations and to achieve a level of profitability. The Company has
      financed its activities principally from private funding. The Company intends
      to
      finance its future development activities and its working capital needs during
      the next twelve months largely from debt and equity financings until such time
      that funds provided by operations are sufficient to fund working capital
      requirements. However, there can be no assurance that any such financing will
      be
      available, and that if available, that it will be available on terms that are
      favorable or acceptable to the Company.




The
      planned construction of the Pilot Plant is expected to cost approximately
      $525,000. The Company plans to acquire funding for the construction from outside
      investors, establishment of license agreements, government grants or through
      a
      stock offering.




Unpredictability
      of future revenues; Potential fluctuations in quarterly operating results;
      Seasonality




As
      a
      result of the Company’s limited operating history, the Company is unable to
      accurately forecast its revenues. The Company’s current and future expense
      levels are based largely on its investment plans and estimates of future
      revenues and are to a large extent fixed and expected to increase.




Sales
      and
      operating results generally depend on the volume of, timing of and ability
      to
      fulfill the number of orders received and the ability to obtain raw materials
      at
      a reasonable price. The Company may be unable to adjust spending in a timely
      manner to compensate for any unexpected revenue shortfall. Accordingly, any
      significant shortfall in revenues in relation to the Company’s planned
      expenditures would have an immediate adverse effect on the Company’s business,
      prospects, financial condition and results of operations. Further, as a
      strategic response to changes in the competitive environment, the Company may
      from time to time make certain pricing, service or marketing decisions which
      could have a material adverse effect on its business, prospects, financial
      condition and results of operations.




The
      Company expects to experience significant fluctuations in its future quarterly
      operating results due to a variety of factors, many of which are outside the
      Company’s control. Factors that may adversely affect the Company’s quarterly
      operating results include (i) the Company’s ability to retain customers,
      attract new customers at a steady rate and maintain customer satisfaction,
      we
      cannot be sure that we will be able to attract sufficient customers to maintain
      or grow revenue and consequently our long term growth and


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success
      may be negatively impacted (ii) the announcement or introduction of new
      technology by the Company and its competitors, we cannot be sure that our
      competition will not significantly impact our customer base, and thereby
      negatively impact our revenues, with new and improved technology;
      (iii) price competition or higher prices in the industry we cannot be sure
      that we will be able to maintain our current pricing structure and gross margins
      to be able to compete with new competitors at reasonable prices; (iv) the
      Company’s ability to upgrade and develop its systems and infrastructure and
      attract new personnel in a timely and effective manner, the Company cannot
      be
      sure that it will be able to raise sufficient capital in order for it to grow
      its infrastructure; (v) governmental regulation, the Company must comply
      with regulations from several governmental agencies to ensure compliance of
      products, recycling processes and manufacturing facilities, but there is no
      assurance that the regulations will not change or become more restrictive in
      the
      future, thereby limiting the ability of the Company to produce cost effective
      products.




Capital
      Stock




Preferred
      Stock


Although
      the board has authorized 5,000,000 shares of preferred stock, par value $.001,
      none has been issued.




Capital
      expenditures.


We
      expect
      in the future to incur capital expenditures. Since our inception, the research
      and development has been completed. For each division in 2008-2009, we expect
      to
      have total capital expenditures of $525,000.00 — Amour Fiber Core $250,000 for
      the pilot plant, American Leisure Products $275,000.




Significant
      Accounting Policies




The
      accounting policies of the Company are in accordance with generally accepted
      accounting principles of the United States of America, and their basis of
      application is consistent. Outlined below are those policies considered
      particularly significant:




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




Common
      stock transactions for services are recorded at either the fair value of the
      stock issued or the fair value of the services rendered, which ever is more
      evident on the day that the transactions are executed. The certificates must
      be
      issued subsequent to the transaction date.




Research
      and development costs are charged to operations when incurred and are included
      in operating expenses.




The
      accompanying consolidated financial statements include the activity of the
      Company and its wholly owned subsidiaries. All intercompany transactions have
      been eliminated in consolidation.





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




For
      purpose of the statement of cash flows, the Company considers all highly liquid
      debt instruments purchased with a maturity of three months or less to be cash
      equivalents.




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Inventory
      is valued at the lower of cost or market. All inventory will be evaluated
      periodically for excess amounts on hand and obsolescence. If necessary,
      appropriate reserves will be established.




Property
      and equipment are stated at cost and are depreciated over their estimated useful
      lives. Depreciation is currently recorded as Marketing, General and
      Administrative expense. At such time as assets are transferred to revenue
      generating production, their associated depreciation will be recorded as Cost
      of
      Sales.




The
      Company recognizes revenues from 1) tipping fees in the acquisition of scrap
      fiberglass, 2) sale of products produced with reclaimed fiberglass, 3) fees
      charged for licensing and installation of the proprietary reclamation and
      manufacturing processes, 4) royalties charged to licensees for revenues
      generated by using our licensed processes, 5) sales of other fiberglass products
      (reproduction cars, boats). Revenue is recorded when products and services
      are
      provided to the customer.




Project
      development costs are expensed as incurred. The cost of equipment that will
      be
      acquired or constructed for project development activities, and that have
      alternative future uses, both in project development, marketing or sales, will
      be classified as property and equipment and depreciated over their estimated
      useful lives. To date, project development costs include the development,
      engineering, and marketing expenses related to the Company’s fiberglass
      reclamation process and associated product development.




Effect
      of
      Inflation




We
      do not
      believe that inflation has had a material effect on our business, results of
      operations or financial condition during the past two years.




New
      Accounting Pronouncements




In
      February 2007, the FASB issued Statement of Financial Accounting Standards
      No. 159, The Fair Value Option for Financial Assets and Financial
      Liabilities ("SFAS 159"). SFAS 159 is effective for financial
      statements issued for fiscal years beginning after November 15, 2007 and
      interim periods within those fiscal years. SFAS 159 permits the measurement
      of specified financial instruments and warranty and insurance contracts at
      fair
      value on a contract-by-contract basis, with changes in fair value recognized
      in
      earnings each reporting period. We do not anticipate that adoption of this
      statement will have a material impact on our financial statements.






In
      December 2007, the FASB issued Statement of Financial Accounting Standards
      No. 141 (revised 2007), Business Combinations ("SFAS 141R").
      SFAS 141R establishes the principles and requirements for how an acquirer:
      1) recognizes and measures in its financial statements the identifiable
      assets acquired, the liabilities assumed, and any non-controlling interest
      in
      the acquiree; 2) in a business combination achieved in stages, sometimes
      referred to as a step acquisition, recognizes the identifiable assets and
      liabilities, as well as the non-controlling interest in the acquiree, at the
      full amounts of their fair values; 3) recognizes and measures the goodwill
      acquired in the business combination or a gain from a bargain purchase.
      SFAS 141R establishes disclosure requirements to enable users of the
      financial statements to evaluate the nature and financial effects of the
      business combination. This Statement is to be applied prospectively to business
      combinations for which the acquisition date is on or after the beginning of
      the
      first annual reporting period on or after December 15, 2008. The adoption
      of SFAS 141R will have an impact on our accounting for future business
      combinations; however, the materiality of that impact cannot be
      determined.






In
      December 2007, the Securities and Exchange Commission issued Staff Accounting
      Bulletin No. 110 ("SAB 110") which allows companies that do not have
      sufficient historical experience for estimating the expected term of "plain
      vanilla" share option grants to provide a reasonable estimate and to continue
      use of the "simplified" method after December 31, 2007. SAB 110
      extends the opportunity to use the "simplified" method beyond December 31,
      2007, as was allowed by Staff Accounting Bulletin No. 107 ("SAB 107").
      Adoption of SAB 110 will not impact our financial statements as we did not
      use the "simplified" method to estimate lives of share-based
      awards.




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Other
      recent accounting pronouncements issued by the FASB (including its EITF), the
      AICPA, and the SEC did not or are not believed by management to have a material
      impact on the Company’s present or future financial statements.









ITEM 7.
            FINANCIAL
                STATEMENTS




American
      Fiber Green Products, Inc.




As
      of
      December 31, 2007 and for the


Years
      Ended December 31, 2007 and December 31, 2006


and


Report
      of Independent Registered Public Accounting Firm















































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American
      Fiber Green Products, Inc.




Financial
      Statements




As
      of
      December 31, 2007 and for the


Years
      Ended December 31, 2007 and December 31, 2006




Contents


Report
              of Independent Registered Public Accounting FirmFinancial
              Statements:Consolidated
                Condensed Balance
                SheetConsolidated
                Statements of
                OperationsConsolidated
                Statement of Changes in Stockholders’
                DeficitConsolidated
                Condensed Statements of Cash
                FlowsNotes
                to Consolidated Financial
                Statements











































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          of Contents








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American
      Fiber Green Products, Inc.




Consolidated
      Condensed Balance Sheet


December 31,
              2007ASSETSCurrent
                Assets:Cash
            $
            72Interest
                receivables, related parties
            
            24,343Total
                current assets
            
            24,415Notes
                receivable, net
            
            98,405Machinery,
                Equipment and Tooling
            
            50,000Less:
                Accumulated Depreciation
            
            (17,500)32,500Total
                Assets
            $
            155,320LIABILITIES
                AND STOCKHOLDERS’ DEFICITCurrent
                liabilities:Accounts
                payable
            $
            347,788Subscription
                payable
            
            10,000Total
                current liabilities
            
            357,788Notes
                payable to shareholders
            
            334,035Deferred
                wages
            
            608,397Accrued
                interest
            
            566,456Other
                payables, related parties
            
            221,542Total
                long term liabilities
            
            1,730,430Total
                Liabilities
            
            2,088,218Stockholders’
                DeficitPreferred
                stock, $.001 par value; 5,000,000 shares authorized; no shares issued
                or
                outstandingCommon
                stock, $.001 par value; 350,000,000 shares authorized; 9,249,628
                shares
                issued and outstanding
            
            9,250Additional
                paid in capital
            
            2,318,510Accumulated
                deficit
            
            (4,260,658)(1,932,898)Total
                stockholder’s deficitTotal
                Liabilities and Stockholders’ Deficit
            $
            155,320




The
      accompanying notes are an integral part of the financial
      statements.




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American
      Fiber Green Products, Inc.




Consolidated
      Statements of Operations




For
      the years ended December 31, 2007 and 2006


December 31,
              2007
            
            
            December 31,
              2006Other
                Expenses (Income):Marketing,
                general and administrative expenses
            $
            173,161
            
            
            
            $
            104,466Interest
                expense
            
            114,457
            
            
            
            
            98,910Interest
                income
            
            (10,756)
            
            
            
            
            (9,587
            )Total
                other expense (income)
            
            276,862
            
            
            
            
            193,789Net
                loss
            $
            (276,862
            )
            
            
            $
            (193,789
            )Net
                loss per share
            $
            (.03
            )
            
            
            $
            (.02
            )Weighted
                average number of common shares
            
            9,230,336
            
            
            
            
            9,190,757




The
      accompanying notes are an integral part of the financial
      statements.








American
      Fiber Green Products, Inc.




Consolidated
      Statements of Changes in Stockholders’
Deficit




For
      the years ended December 31, 2007 and 2006


Common
              Stock
              Shares
            
            
            Common
              Stock
              Amount
            
            
            Additional
              Paid
                in
              Capital
            
            
            Accumulated
              Deficit
            
            
            TotalBalance,
                December 31, 2005
            
            9,189,998
            
            
            $
            9,190
            
            
            $
            2,273,810
            
            
            $
            (3,790,007
            )
            
            $
            (1,507,007
            )Issuance
                of common stock for cash
            
            9,230
            
            
            
            10
            
            
            
            5,990
            
            
            
            
            
            
            
            6,000Net
                loss
            
            
            
            
            
            
            
            
            
            
            
            
            
            (193,789
            )
            
            
            (193,789
            )Balance,
                December 31, 2006
            
            9,199,228
            
            
            $
            9,200
            
            
            $
            2,279,800
            
            
            $
            (3,983,796
            )
            
            $
            (1,694,796
            )Issuance
                of common stock for cash
            
            20,400
            
            
            
            20
            
            
            
            13,240
            
            
            
            
            
            
            
            13,260Issuance
                of common stock for services
            
            30,000
            
            
            
            30
            
            
            
            25,470
            
            
            
            
            
            
            
            25,500Net
                loss
            
            
            
            
            
            
            
            
            
            
            
            
            
            (276,862
            )
            
            
            (276,862)9,249,628
            
            
            
            9,250
            
            
            
            2,318,510
            
            
            
            (4,260,658
            )
            
            
            (1,932,898)




The
      accompanying notes are an integral part of the financial
      statements.




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American
      Fiber Green Products, Inc.




Consolidated
      Condensed Statements of Cash Flows




For
      the years ended December 31, 2007 and 2006


December 31,
              2007
            
            
            December 31,
              2006Operating
                activitiesNet
                loss
            
            $
            (276,862)
            
            
            
            $
            (193,789
            )Adjustments
                to reconcile net loss to net cash used by operating
                activities:Depreciation
            
            
            5,000
            
            
            
            
            5,000Issuance
                of common stock for services
            
            
            25,500(Increase)
                decrease in:Prepaid
                expenses
            
            
            21,000
            
            
            
            
            (21,000
            )Interest
                receivable
            
            
            (9,881
            )
            
            
            
            (7,737
            )Increase
                (decrease) in:Accrued
                expenses
            
            
            (25,500
            )
            
            
            
            25,500Accounts
                payable
            
            
            63,289
            
            
            
            
            19,450Deferred
                compensation
            
            
            74,300
            
            
            
            
            74,427Net
                cash used by operating activities
            
            
            (123,154
            )
            
            
            
            (98,149
            )Investing
                activitiesOther
                assets
            
            
            546,656
            
            
            
            
            (4,651
            )Net
                cash provided (used) by investing activities
            
            
            546,656
            
            
            
            
            (4,651
            )Financing
                activitiesCapital
                contributionIssuance
                of common stock
            
            
            13,260
            
            
            
            
            6,000Proceeds
                from issuance of notes payable
            
            
            17,885Increase
                in interest payable to shareholders
            
            
            (454,656
            )
            
            
            
            98,892Proceeds
                from issuance of other long term liabilities
            
            
            
            
            
            
            
            (2,100
            )Net
                cash (used) provided by financing activities
            
            
            (423,511
            )
            
            
            
            102,792Net
                decrease in cash
            
            
            (9
            )
            
            
            
            (8
            )Cash
                at beginning of year
            
            
            81
            
            
            
            
            89Cash
                at end of year
            
            $
            72
            
            
            
            $
            81




The
      accompanying notes are an integral part of the financial
      statements.




















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AMERICAN
      FIBER GREEN PRODUCTS, INC.




Notes
      to Consolidated Financial Statements




As
      of December 31, 2007 and for the


Years
      Ended December 31, 2007 and 2006




NOTE
      1 - ORGANIZATION AND BUSINESS




American
      Fiber Green Products, Inc. came into existence as a result of the following
      transactions:




In
      March
      of 1993, William Amour founded Amour Hydro Press, Inc. (AHP) to conduct research
      and development to commercialize proprietary technology that would allow the
      company to process waste fiberglass and resins into new commercially viable
      products.




In
      January of 1996 the Board of Directors authorized the merger of AHP with Amour
      Fiber Core, Inc. a Washington corporation. Each common share of Amour Hydro
      Press, Inc. was exchanged for 280 common shares of Amour Fiber Core, Inc. The
      authorized shares of Amour Fiber Core, Inc. were 5,000,000 shares. The company
      operated under this configuration until June 1998 when the Board of Directors
      approved a three for one forward split (3:1) increasing the authorized from
      5,000,000 to 15,000,000 common shares. Amendments to the Articles of
      Incorporation were filed with the State of Washington. Although approved and
      recorded the 3:1 forward split was not reported to the transfer agent of the
      company. The resulting change in common stock was from 3,675,996 to 11,027,988
      common shares issued and outstanding.




Within
      months of these actions, William Amour, founder and driving force behind the
      business was diagnosed with cancer and died in 1999. Attempts by the board
      to
      continue the operation of Amour Fiber Core, Inc. resulted in substantially
      more
      debt and ultimately the cessation of operations. The value of the company was
      in
      the exclusive rights to the proprietary technology, as well as the resources
      developed to source raw material and vendors and the ability to create viable
      products from waste material. There were 884 shareholders of record at the
      time
      of William Amour’s passing and they remained committed to the success of the
      Company. The Company ceased operations in January 2000, however, management
      continued to search for investors to be able to restart production.




On
      September 15, 2001, after several months of discussion and negotiations,
      Kenneth McCleave incorporated American Leisure Products, Inc. a Florida
      corporation, of which he was the sole shareholder of the 100,000 issued and
      outstanding shares for the purpose of merger with Amour Fiber Core, Inc. The
      terms and conditions of said merger included Mr. McCleave’s assistance in
      resolution of a number of problems restricting Amour. Litigation with the
      landlord and disgruntled note holders threatened the collapse of the company
      unless amicable resolution was achieved. The terms of the merger were
      established and the concerns were resolved over the subsequent 24
      months.




In
      May of
      2004, following appropriate shareholder consent and board action, Amour Fiber
      Core, Inc. (Washington) merged with a newly formed Nevada corporation of the
      same name and with the same issued and outstanding shares (11,027,988). Amour
      Fiber Core, Inc. (Nevada) has authorized 350,000,000 common and 5,000,000
      preferred shares.




On
      May 24, 2004, Amour Fiber Core, Inc. (Nevada) then entered into an
      Agreement and Plan of Merger with American Leisure Products, Inc., a Florida
      corporation with a total issued and outstanding of 100,000 common shares. A
      1:6
      reverse split of the Amour Fiber Core, Inc. shares held by the AFC shareholders
      reduced the issued and outstanding common shares of AFC (Nevada) from 11,027,988
      to 1,837,998. The merger called for each share of ALP to convert to 73.52 shares
      of Amour Fiber Core, Inc. (Nevada). The sole shareholder of ALP received
      7,352,000 shares of Amour Fiber Core, Inc. (Nevada) in the merger (i.e. a
      conversion ratio of 73.52:1). Following this transaction, Amour Fiber Core,
      Inc.
      (Nevada) had 9,189,998 shares outstanding.




Following
      this merger and in keeping with the Shareholder Consent and subsequent board
      action, the name of Amour Fiber Core, Inc. (Nevada) was changed to American
      Fiber Green Products, Inc. American Leisure Products, Inc. (a Florida
      corporation) became a wholly owned subsidiary of American Fiber Green Products,
      Inc. The assets and opportunities of American Fiber Green Products, Inc.
      (f/k/a Amour Nevada and Amour Washington) were moved to a newly formed, Amour
      Fiber Core, Inc., ( a Florida Corporation) as a wholly owned subsidiary. The
      resulting structure is American Fiber Green Products, Inc. (Nevada) holding
      100%
      of the stock of American Leisure Products, Inc. (Florida) and Amour Fiber Core,
      Inc. (Florida).




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NOTE
      2 - GOING CONCERN




The
      accompanying consolidated financial statements have been prepared assuming
      the
      Company will continue as a going concern. The Company’s continued existence is
      dependent upon the Company’s ability to obtain additional debt and/or equity
      financing. The Company has incurred losses since inception and, the Company
      is
      not generated any revenues from its products. These factors raise substantial
      doubt about the ability of the Company to continue as a going concern. The
      Company anticipates beginning construction of a plant within the next 6 months
      and expects to complete the project and to begin production of scrapped
      fiberglass reclamation as a raw material within the next 18 months. Although
      the
      cost of construction is not readily determinable, the Company estimates the
      cost
      to be approximately $250,000 per plant. Management plans to raise additional
      funds through the sale of sub-licensing agreements, project financings or
      through future sales of their common stock, until such time as the Company’s
      revenues are sufficient to meet its cost structure, and ultimately achieve
      profitable operations. There is no assurance that the Company will be successful
      in raising additional capital or achieving profitable operations. The
      consolidated financial statements do not include any adjustments that might
      result from the outcome of these uncertainties.




NOTE
      3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES




The
      accompanying consolidated financial statements include the activity of the
      Company and its wholly owned subsidiaries. All intercompany transactions have
      been eliminated in consolidation.




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




For
      purpose of the statement of cash flows, the Company considers all highly liquid
      debt instruments purchased with a maturity of three months or less to be cash
      equivalents.




Inventory
      is valued at the lower of cost or market. All inventory will be evaluated
      periodically for excess amounts on hand and obsolescence. If necessary,
      appropriate reserves will be established.




Property
      and equipment are stated at cost and are depreciated over their estimated useful
      lives. Depreciation is currently recorded as Marketing, General and
      Administrative expense. At such time as assets are transferred to revenue
      generating production, their associated depreciation will be recorded as Cost
      of
      Sales. Property and equipment consist of mold tooling with estimated useful
      lives of 3 - 10 years.




The
      Company recognizes revenues from 1) tipping fees in the acquisition of scrap
      fiberglass, 2) sale of products produced with reclaimed fiberglass, 3) fees
      charged for licensing and installation of the proprietary reclamation and
      manufacturing processes, 4) royalties charged to licensees for revenues
      generated by using our licensed processes, 5) sales of other fiberglass products
      (reproduction cars, boats). Revenue is recorded when products and services
      are
      provided to the customer.




Project
      development costs are expensed as incurred. The cost of equipment that will
      be
      acquired or constructed for project development activities, and that have
      alternative future uses, both in project development, marketing or sales, will
      be classified as property and equipment and depreciated over their estimated
      useful lives. To date, project development costs include the development,
      engineering, and marketing expenses related to the Company’s fiberglass
      reclamation process and associated product development.





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The
      Company accounts for income taxes in accordance with FASB Statement No. 109
“Accounting for Income Taxes.” SFAS No. 109 requires the Company to provide
      a net deferred tax asset/liability equal to the expected future tax
      benefit/expense of temporary reporting differences between book and tax
      accounting methods and any available operating loss or tax credit carry
      forwards.




Deferred
      tax assets and liabilities are recognized for the estimated future tax
      consequences attributable to differences between the consolidated financial
      statements carrying amounts of existing assets and liabilities and their
      respective income tax bases. Deferred tax assets and liabilities are measured
      using enacted tax rates expected to apply to taxable income in the years in
      which those temporary differences are expected to be recovered or settled.
      The
      effect on deferred tax assets and liabilities of a change in tax rates is
      recognized as income in the period that included the enactment
      date.





The
      Company adopted the provisions of FASB Interpretation No. 48, “Accounting for
      Uncertainty in Income Taxes” (FIN 48) on January 1, 2007.  FIN 48
      prescribes a comprehensive model for recognizing, measuring, presenting and
      disclosing in the financial statements tax positions taken or expected to be
      taken on a tax return, including a decision whether to file or not to file
      in a
      particular jurisdiction.  The adoption of FIN 48 did not have a
      material impact to the Company’s financial statements.




The
      fair
      value of financial instruments approximated their carrying values at
      December 31, 2006. The financial instruments consist of cash, interest
      receivable, notes receivable, accounts payable and notes payable.




The
      Company presents basic loss per share (“EPS”) and diluted EPS on the face of the
      consolidated statement of operations. Basic loss per share is computed as net
      loss divided by the weighted average number of common shares outstanding for
      the
      period. Diluted EPS reflects the potential dilution that could occur from common
      shares issuable through stock options, warrants, and other convertible
      securities. As of December 31, 2007, there were no dilutive instruments
      outstanding. Restricted shares are considered outstanding and included in the
      computation of both the basic and fully diluted earnings per share computations.
      Common stock that is restricted until certain conditions have been met are
      only
      included in the per share computation once the condition has been satisfied.
      At
      December 31, 2007 and 2006, there were no restricted shares that were
      considered restricted.





Certain
      reclassifications have been made in the December 31, 2006 financial statements
      in order to conform to the current fiscal year presentation.




The
      Company’s operations are subject to production of a new processing technology.
      Significant technical and regulatory changes can have a dramatic effect on
      product opportunities. Design and development of new processes are critical
      elements to achieve and maintain profitability in the Company’s new industry
      segment.




The
      Company may be subject to federal, state and local environmental laws and
      regulations. The Company does not anticipate expenditures to comply with such
      laws and does not believe that regulations will have a material impact on the
      Company’s financial position, results of operations, or liquidity. The Company
      believes that its operations comply, in all material respects, with applicable
      federal, state, and local environmental laws and regulations




In
      February 2007, the FASB issued Statement of Financial Accounting Standards
      No. 159, The Fair Value Option for Financial Assets and Financial
      Liabilities ("SFAS 159"). SFAS 159 is effective for financial
      statements issued for fiscal years beginning after November 15, 2007 and
      interim periods within those fiscal years. SFAS 159 permits the measurement
      of specified financial instruments and warranty and insurance contracts at
      fair
      value on a contract-by-contract basis, with changes in fair value recognized
      in
      earnings each reporting period. We do not anticipate that adoption of this
      statement will have a material impact on our financial statements.




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In
      December 2007, the FASB issued Statement of Financial Accounting Standards
      No. 141 (revised 2007), Business Combinations ("SFAS 141R").
      SFAS 141R establishes the principles and requirements for how an acquirer:
      1) recognizes and measures in its financial statements the identifiable
      assets acquired, the liabilities assumed, and any non-controlling interest
      in
      the acquiree; 2) in a business combination achieved in stages, sometimes
      referred to as a step acquisition, recognizes the identifiable assets and
      liabilities, as well as the non-controlling interest in the acquiree, at the
      full amounts of their fair values; 3) recognizes and measures the goodwill
      acquired in the business combination or a gain from a bargain purchase.
      SFAS 141R establishes disclosure requirements to enable users of the
      financial statements to evaluate the nature and financial effects of the
      business combination. This Statement is to be applied prospectively to business
      combinations for which the acquisition date is on or after the beginning of
      the
      first annual reporting period on or after December 15, 2008. The adoption
      of SFAS 141R will have an impact on our accounting for future business
      combinations; however, the materiality of that impact cannot be
      determined.




In
      December 2007, the Securities and Exchange Commission issued Staff Accounting
      Bulletin No. 110 ("SAB 110") which allows companies that do not have
      sufficient historical experience for estimating the expected term of "plain
      vanilla" share option grants to provide a reasonable estimate and to continue
      use of the "simplified" method after December 31, 2007. SAB 110
      extends the opportunity to use the "simplified" method beyond December 31,
      2007, as was allowed by Staff Accounting Bulletin No. 107 ("SAB 107").
      Adoption of SAB 110 will not impact our financial statements as we did not
      use the "simplified" method to estimate lives of share-based
      awards.




Other
      recent accounting pronouncements issued by the FASB (including its EITF), the
      AICPA, and the SEC did not or are not believed by management to have a material
      impact on the Company’s present or future financial statements.




NOTE
      4 - NOTES RECEIVABLE




The
      Company has made loans to several companies, both owned by officers and
      stockholders of the Company and to unrelated parties. The purpose of these
      loans
      was to invest in other fiberglass manufacturing businesses in order to
      facilitate the development and production of fiberglass products. The Company
      expects repayment of these amounts to occur during the next 12
      months.




Notes
      receivable are made up of the following:


Note
                receivable, related party, 10% interest, due May 12, 2004 (past
                maturity)
            
            $
            6,000Note
                receivable, related party, 10% interest, due April 30, 2005 (past
                maturity)
            
            
            52,452Note
                receivable, related party, 10% interest, due April 22, 2005 (past
                maturity)
            
            
            20,253Note
                receivable, related party, 8% interest, due April 20, 2008
            
            
            14,700Note
                receivable, unrelated party, 8% interest, due August 8,
                2008
            
            
            5,000$
            98,405




The
      above
      related party transactions are not necessarily indicative of the terms and
      amounts that would have been incurred had comparable agreements been made with
      independent parties.





NOTE
      5 - COMMITMENTS AND CONTINGENCIES




The
      Company entered into an employment agreement with key employee. The employment
      agreement is for a period of three years, with prescribed percentage increases
      beginning in 2007 and can be cancelled upon a written notice by either employee
      or employer (if certain employee acts of misconduct are committed). The total
      annual payment under the employment agreement is $60,000.




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The
      Company anticipates that it will enter into employment contracts with two other
      key employees in 2008 under similar terms and conditions. Specifics will be
      determined by the Compensation Committee and approved by the Board of
      Directors.




The
      Company entered into an agreement with three individuals to join the Company’s
      board of directors. Directors will be reimbursed for actual expenses incurred
      while performing their duties. Under the terms of the agreement the individuals
      will receive no other compensation, although this may change in the
      future.




NOTE
      6 - STOCKHOLDERS’ EQUITY




Founder
      Shares




In
      May
      2004, the Board of Amour Fiber Core Inc. a Washington corporation approved
      to
      reincorporate it in Nevada and reduce the number of shares outstanding. It
      merged into a newly organized Nevada corporation (also named “Amour Fiber Core,
      Inc.”), and each share of Amour Fiber Core, Inc. (Washington) was converted into
      1/6 of a share of Amour Fiber Core, Inc. (Nevada). As a result, the surviving
      corporation, Amour Fiber Core, Inc. (Nevada) has a total of
      (1,837,998) shares outstanding. Amour Fiber Core Inc. (Nevada) has
      350 million shares of Common Stock authorized and 5 million shares of
“blank check” preferred authorized.




On
      May 24, 2004, Amour Fiber Core, Inc. (Nevada) then entered into an
      Agreement and Plan of Merger with American Leisure Products, Inc., a Florida
      corporation with a total issued and outstanding of 100,000 common shares. The
      1:6 reverse split of the Amour Fiber Core, Inc. shares held by the AFC
      shareholders reduced the issued and outstanding common shares of AFC (Nevada)
      from 11,027,988 to 1,837,998. The merger called for each share of ALP to convert
      to 73.52 shares of Amour Fiber Core, Inc. (Nevada). The sole shareholder of
      ALP
      received 7,352,000 shares of Amour Fiber Core, Inc. (Nevada) in this reverse
      merger. Following the transaction, Amour Fiber Core, Inc. (Nevada) had 9,189,998
      shares outstanding. The assets of ALP (Tooling) were added to the assets of
      AFC
      in a purchase transaction with a corresponding capital contribution amount
      of
      $50,000 recorded as Additional Paid-In Capital.




At
      the
      time of this reverse merger, in accordance with SFAS 141 ¶17, the smaller
      combining entity (ALP), a) holds a majority of the voting rights,
      (80.0%) of the combined company (AFC) common shares outstanding; and b)
      comprises the senior management of the combined company.




Merger
      Costs




In
      connection with the merger of Amour and American Leisure Products, the Company
      incurred legal costs of $30,818. The costs have been treated as administrative
      expense in the period incurred.





NOTE
      7 - RELATED PARTY TRANSACTIONS




The
      Company is currently operating in a facility leased and operated by Affordable
      Fiberglass Group (AFG). AFG is owned by Ken McCleave, Chairman of AFGP. No
      occupancy cost has been charged to AFGP by AFG as of December 31, 2007.
      There is no assurance that this favorable treatment will continue in the future
      if AFGP begins to facilitate operations at that site.




The
      above
      related party transactions are not necessarily indicative of the terms and
      amounts that would have been incurred had comparable agreements been made with
      independent parties.




NOTE
      8 - DEFERRED WAGES




The
      Company has accrued salaries owed to four individuals. Two of the individuals’
employment contracts are expired. All balances due are fixed without any
      interest or other escalating cost. The Company does not expect to make any
      payments on these deferred wages during the next twelve months, and therefore
      the balances are classified as non-current.


•
            
            Barb
                Amour


•
            
            Accrued
                Salary: $ 110,575


•
            
            Les
                Amour


•
            
            Accrued
                Salary $ 49,500




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Salaries
      have been accrued for Ken McCleave (Chmn.) and Kristal McCleave (office
      manager). Mr. McCleave’s salary continues to accrue at a rate of $5,000 per
      month. Ms. McCleave’s salary continues to accrue at $275 per week. The
      Company does not expect to make any payments on these deferred wages during
      the
      next twelve months, and therefore the balances are classified as non-current.
      Following are accrued salary balances as of December 31, 2008:


•
            
            Kenneth
                McCleave


•
            
            Accrued
                Salary $ 362,655


•
            
            Kristal
                McCleave


•
            
            Accrued
                Salary $ 85,667




NOTE
      9 - NOTES PAYABLE




The
      Company carries notes payable to the following individuals:


Robert
                Chlipala
            
            $
            133,000Gerald
                Rau
            
            $
            107,500Les
                Smyth
            
            $
            80,000Ken
                McCleave
            
            $
            1,535




Note
                  payable to:
            
            Note
              amount:
            
            Note
                date:
            
            Interest rate:Rau
            
            $
            101,500
            
            4/1/2000
            
            8.75
            %Rau
            
            $
            6,000
            
            7/30/2003
            
            0.00
            %Smyth
            
            $
            30,000
            
            9/15/1998
            
            14.00
            %Smyth
            
            $
            10,000
            
            6/8/1999
            
            14.00
            %Smyth
            
            $
            10,000
            
            6/14/1999
            
            14.00
            %Smyth
            
            $
            10,000
            
            7/1/1999
            
            14.00
            %Smyth
            
            $
            10,000
            
            8/2/1999
            
            14.00
            %Smyth
            
            $
            10,000
            
            9/15/1999
            
            14.00
            %Chlipala
            
            $
            100,000
            
            6/4/1998
            
            10.50
            %Chlipala
            
            $
            18,000
            
            7/10/1999
            
            10.50
            %Chlipala
            
            $
            15,000
            
            12/11/1999
            
            0.00
            %McCleave
            
            $
            1,535
            
            4/8/2005
            
            10.00
            %





In
      June,
      2005, by unanimous approval of the Board of Directors, all notes were recognized
      as payable and due with interest to be calculated on a compounded basis. The
      full accumulation of interest payable was recorded as accrued interest expense
      in June, 2005. Interest expense has been accrued monthly since that
      date.




Interest
      accrued on the above notes per individual is as follows:


12/31/2007
            
            
            12/31/2006Rau
            
            $
            87,453
            
            
            $
            72,741Smyth
            
            $
            191,708
            
            
            $
            156,403Chlipala
            
            $
            197,668
            
            
            $
            166,334McCleave
            
            $
            1,462
            
            
            $
            1,061




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NOTE
      10 - OTHER PAYABLES, RELATED PARTIES




Long-term
      payables are due to PAC (Public Acquisition Company – a wholly owned
      business of Kenneth McCleave), Nimble Boat Works (a wholly owned business of
      Kenneth McCleave), Daniel L. Hefner (President and Chief Operating Officer
      of
      AFGP) for cash advances made to AFGP.


Due
                to PAC
            
            $
            220,398Due
                to Nimble Boat Works
            
            $
            194Due
                to Dan Hefner
            
            $
            950




Company
      loans payable to PAC in the amount of $214,670, included above, bear interest
      as
      follows. This portion of the loans is associated primarily with the acquisition
      of Amour Fiber Core.


Note
                  payable to:
            
            Note amount:
            
            Note
                date:
            
            Interest rate:Loan
                From PAC
            
            $
            74,518
            
            5/14/2004
            
            10.00
            %Loan
                From PAC
            
            $
            49,550
            
            7/29/2004
            
            10.00
            %Loan
                From PAC
            
            $
            20,300
            
            8/20/2004
            
            10.00
            %Loan
                From PAC
            
            $
            60,610
            
            12/28/2004
            
            10.00
            %Loan
                From PAC
            
            $
            9,692
            
            11/6/2003
            
            10.00
            %




In
      June,
      2005, by unanimous approval of the Board of Directors, these were recognized
      as
      payable and due with interest to be calculated on a compounded basis. The full
      accumulation of interest payable was recorded as accrued interest expense in
      June, 2005. Interest expense has been accrued monthly since that
      date.




Interest
      accrued on the above loans is as follows:


12/31/2007
            
            12/31/2006PAC
            $
            86,585
            
            $
            58,117




NOTE
      11 - INCOME TAXES




The
      Company has incurred significant operating losses since its inception and,
      therefore, no tax liabilities have been incurred for the periods presented.
      The
      amount of unused tax losses available to carry forward and apply against taxable
      income in future years totaled approximately $2,726,694. The loss carry forwards
      expire beginning in 2013, 20 years after inception. Due to the Company’s
      continued losses, management has established a valuation allowance equal to
      the
      amount of deferred tax asset because it is more likely than not that the Company
      will not realize this benefit.





In
      addition, the Company expects that Amour is not current in their federal and
      state income tax filings. The Company has not determined how delinquent the
      tax
      filings are. However, the effect of non-filing is not expected to be significant
      as Amour has not had active operations or income for a significant period of
      time.




Temporary
      differences affecting the deferred tax asset are as follows:


Accumulated
                deficit
            
            $
            4,260,658Difference
                between tax and book for accrued interest and deferred
                wages
            
            
            (1,174,853
            )Other
            
            
            (359,111
            )2,726,694Valuation
                allowance
            
            
            (2,726,694
            )$
            0




The
      valuation allowance increased by $90,794 during the year ended December 31,
      2007.




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ITEM
                8A.
            CONTROLS
                AND
                PROCEDURES




Evaluation
                of
                disclosure controls and procedures.




The
      Company’s Chief Executive Officer and Chief Financial Officer have evaluated the
      effectiveness of the Company’s disclosure controls and procedures (as defined in
      Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the fiscal period
      ending December 31, 2007 covered by this Annual Report on Form
      10-KSB.  Based upon such evaluation, the Chief Executive Officer and
      Chief Financial Officer have concluded that, as of the end of such period,
      the
      Company’s disclosure controls and procedures were not effective as required
      under Rules 13a-15(e) and 15d-15(e) under the Exchange Act. This conclusion
      by
      the Company’s Chief Executive Officer and Chief Financial Officer does not
      relate to reporting periods after December 31, 2007.




Management’s
      Report on
      Internal Control Over Financial Reporting




Management
      is responsible for establishing and maintaining adequate internal control over
      financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange
      Act) of the Company.  Internal control over financial reporting is a
      process designed to provide reasonable assurance regarding the reliability
      of
      financial reporting and the preparation of financial statements for external
      purposes in accordance with accounting principles generally accepted in the
      United States of America.




The
      Company’s internal control over financial reporting includes those policies and
      procedures that (i) pertain to the maintenance of records that, in reasonable
      detail, accurately and fairly reflect the transactions and dispositions of
      the
      assets of the company; (ii) provide reasonable assurance that transactions
      are
      recorded as necessary to permit preparation of financial statements in
      accordance with accounting principles generally accepted in the United States
      of
      America, and that receipts and expenditures of the Company are being made only
      in accordance with authorizations of management and directors of the Company;
      and (iii) provide reasonable assurance regarding prevention or timely detection
      of unauthorized acquisition, use or disposition of the Company’s assets that
      could have a material effect on the financial statements.




Because
      of its inherent limitations, internal control over financial reporting may
      not
      prevent or detect misstatements.  Also, projections of any evaluation
      of effectiveness to future periods are subject to the risk that controls may
      become inadequate because of changes in conditions, or that the degree of
      compliance with the policies and procedures may deteriorate.




Management,
      under the supervision of the Company’s Chief Executive Officer and Chief
      Financial Officer, conducted an evaluation of the effectiveness of internal
      control over financial reporting based on the framework in Internal Control—Integrated
      Framework issued by the Committee of Sponsoring Organizations of the
      Treadway Commission.  Based on this evaluation, management concluded
      that the Company’s internal control over financial reporting was not effective
      as of December 31, 2007 under the criteria set forth in the Internal Control—Integrated
      Framework.




A
      material weakness is a deficiency, or combination of deficiencies, in internal
      control over financial reporting such that there is a reasonable possibility
      that a material misstatement of the Company’s annual or interim financial
      statements will not be prevented or detected on a timely
      basis.  Management has determined that material weaknesses exist due
      to the lack of an independent Audit Committee Chair, as well as a lack of
      segregation of duties, resulting from the Company’s limited
      resources.




This
      annual report does not include an attestation report of the Company’s registered
      public accounting firm regarding internal control over financial
      reporting.  Management’s report was not subject to attestation by our
      registered public accounting firm pursuant to temporary rules of the SEC that
      permit us to provide only management’s report in this Annual Report on Form
      10-KSB.




Changes
      in Internal Control
      Over Financial Reporting




No
      change
      in the Company’s internal control over financial reporting occurred during the
      quarter ended December 31, 2007, that materially affected, or is reasonably
      likely to materially affect, the Company’s internal control over financial
      reporting.





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ITEM
                8B.
            OTHER
                INFORMATION




None






Part
      III




ITEM 9.
            DIRECTORS
                AND EXECUTIVE OFFICERS OF THE
                REGISTRANT




The
      following table sets forth the names and ages of our current directors and
      executive officers, their principal offices and positions The Board of Directors
      elects our executive officers annually. Our directors serve one-year terms
      or
      until their successors are elected and accept their positions. The executive
      officers serve terms of one year or until their death, resignation or removal
      by
      the Board of Directors. There are no family relationships or understandings
      between any of the directors and executive officers. In addition, there was
      no
      arrangement or understanding between any executive officer and any other person
      pursuant to which any person was selected as an executive officer


Name
                  of Director or Executive Officer
            
            Age
            
            Current
                Position and OfficeDaniel
                L. Hefner
            
            57
            
            President,
                Chief Executive Officer and DirectorKenneth
                W. McCleave
            
            55
            
            Chairman
                of the Board of DirectorsMichael
                A. Freid
            
            55
            
            Chief
                Financial OfficerGerald
                Rau
            
            75
            
            Director




Daniel
      L. Hefner, 57, has been President of American Commerce Solutions, Inc.
      (OTC: BB: AACS) since September, 2002 and Chief Executive Officer since March
      2002. He previously served as Executive Vice President from June 2000 to June
      2001 and as interim President from June 2001 through February 2002.
      Mr. Hefner has been a director of the Company since June 2000.
      Mr. Hefner formerly served as President of International Machine and
      Welding, Inc. He formerly served as President, and is now serving as Vice
      President of International Commerce and Finance, Inc. an investment/consulting
      company for manufacturing and technology companies, and he has held these
      positions since August 1999. Mr. Hefner has been active for over twenty
      years as an independent consultant to individuals or business seeking to begin
      operations or to create turnarounds of existing business. Mr. Hefner
      additionally maintains licensure as a Florida Real Estate Broker. During the
      same period, Mr. Hefner also operated his own independent real estate
      brokerage operation where he continues to serve as President and Chief Executive
      Officer. From March to October 1999, Mr. Hefner was Chief Operating Officer
      for Chronicle Communications, Inc. (OTCBB: CRNC), a Tampa based printer and
      publishing firm.





Kenneth
      W. McCleave is a 55 year old entrepreneur with a special knack for sales and
      marketing. Starting in business as a boiler-room, telemarketing top salesman,
      Mr. McCleave rose to owner, CEO and President of multi-million dollar
      Sports Holding, Inc. selling and distributing motorcycle and water craft parts
      and boat manufacturing from 1987 through 1990 and United Printing and
      Publishing, a web printing company from 1990 through 1998. In 1998
      Mr. McCleave orchestrated the sale of UPP to the publicly traded, Chronicle
      Communications, Inc. and became the President of this OTC: Bulletin Board
      holding company. After assuring proper transition to the new management,
      Mr. McCleave left to found his latest ventures, Affordable Fiberglass Group
      and American Leisure Products, Inc., which merged with Amour Fiber Core Inc.
      a
      Washington State based fiberglass recycling company.




Throughout
      his business career Mr. McCleave has been personally responsible for the
      success of the sales and marketing of the products and services offered to
      a
      wide variety of customers. Gifted at setting up efficient manufacturing and
      recycling operations Mr. McCleave has a penchant for maximizing limited
      resources. He has demonstrated a tireless drive to succeed and with proper
      capitalization will move this latest venture into high visibility and
      profitability with a service and group of products that will delight the
      concerned and investing public.




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Michael
      A. Freid, 55, graduated from Western Illinois University in 1974 with a BBA
      in
      Accountancy. He earned his CPA certificate in 1978. The majority of
      Mr. Freid’s career has been with international manufacturing companies
      where he held various positions in accounting, internal auditing, and operations
      management.




Michael
      Freid began his career in 1974 with Bunker-Ramo Corporation, where he held
      accounting, plant controller and internal audit positions through 1978. From
      1978 through 1996 he advanced through various management and executive positions
      with Borg-Warner Corporation and Borg-Warner Automotive. He served as a Director
      and Group VP of Finance for three of Borg Warner Automotive’s four Operating
      Groups. In this capacity, Mr. Freid was responsible for all financial
      activities and operational evaluation of domestic and international
      manufacturing facilities and technical centers. During 1994 - 1995, he also
      served as General Manager of a BWA joint venture transmission and transfer
      case
      manufacturing business in Beijing, China. As a Consultant, he evaluated
      financial systems and controls from 1997 to 1998. From 1998 to 2003,
      Mr. Freid was with Key Safety Systems, an automotive components
      manufacturer of steering, seatbelt and airbag systems. At KSS, Mr. Freid
      served as Corporate Controller and was responsible for all financial,
      operational and compliance reporting. Primary achievements at KSS were the
      integration of various newly acquired international businesses, negotiation
      and
      formation of a Chinese joint venture in Tianjin, PRC, implementation of an
      integrated global financial reporting system and internal control development
      to
      ensure compliance with Sarbanes-Oxley in concert with Internal Audit
      assessments.




Since
      2004, Mr. Freid has pursued entrepreneurial goals, opening two Robeks Juice
      locations in the Brandon, Florida area.




Gerald
      Rau, 75, has been a Director since the company’s inception. He was employed by
      The Boeing Company from 1955 to 1986 when he retired. Since that time
      Mr. Rau has been a self-employed financial consultant and advisor. He
      resides in Everett, Washington with his wife.




ITEM 10.
            EXECUTIVE
                COMPENSATION




The
      following table sets forth the total compensation paid to or accrued, during
      the
      years ended December 31, 2007 and 2006 to AFGP’s highest paid executive
      officers. No restricted stock awards, long-term incentive plan payout or other
      types of compensation, other than the compensation identified in the chart
      below, were paid to these executive officers during that fiscal
      year.




SUMMARY
      COMPENSATION TABLE


Summary
                Compensation Table
            
            Option
              Awards
              ($)
                (A)
            
            
            All
                Other
              Compensation
              ($)
            
            Total
              ($)Name
              Principal
                  Positions
            
            Year
              Ended
            
            
            Salary
              ($)
            
            Bonus
              ($)
            
            Stock
              Awards
              ($)Kenneth
                McCleave, Chairman
            
            2007
            
            
            60,000
            
            —
            
            —
            
            —
            (3)
            
            —
            
            60,000Of
                the Board
            
            2006
            
            
            60,000
            
            —
            
            —
            
            —
            (1)
            
            —
            
            60,000Daniel
                L. Hefner
            
            2007
            
            
            —
            
            —
            
            —
            
            —
            (3)
            
            —
            
            —Chief
                Executive Officer and
            
            2006
            
            
            —
            
            —
            
            —
            
            —
            (2)
            
            —
            
            —PresidentMichael
                Freid
            
            2007
            (2)
            
            —
            
            —
            
            —
            
            —
            (3)
            
            —
            
            —Chief
                Financial Officer
            
            2006
            
            
            —
            
            —
            
            —
            
            —
            (4)
            
            —
            
            —




We
      may
      hire additional executive employees and/or change the compensation paid to
      and
      benefits received by our current executive employees, as our Board of Directors
      deems advisable or necessary. We plan to reimburse our executive employees
      for
      all travel expenses incurred in connection with the business of the Company.
      To
      date, the Company’s Board of Directors has not adopted any retirement, pension,
      profit sharing or other similar programs for our executive
      employees.




No
      officers or directors of the Company have received compensation in excess of
      $100,000 per year.


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ITEM 11.
            SECURITY
                OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
                AND RELATED STOCKHOLDER MATTERS




The
      following table sets forth information as to the ownership of shares of our
      Common Stock as of December 31, 2007 with respect to (i) holders known
      to American Fiber Green Products who beneficially own more than five percent
      (5%) of the outstanding Common Stock, (ii) each director,
      (iii) President and certain other executive officers, and (iv) all
      directors and executive officers as a group. The percentage of ownership has
      been calculated based on 9,249,628 shares of Common Stock outstanding as of
      December 31, 2007.





Title
                  of
                Class
            
            Name
                and Address of Beneficial Owner (1)
            
            Number
                of
              Shares
            
            Percent of
              ClassCommon
            
            Kenneth
                McCleave *
              9401
                Oak Street.,
              Riverview,
                FL 33569
            
            3,749,520
            
            40.76
            %Common
            
            Daniel
                L. Hefner *
              1502
                N. Taylor Road,
              Brandon,
                FL 33510
            
            3,602,480
            
            39.16
            %Common
            
            Gerald
                Rau *
              5107
                Delaware Avenue
              Everett,
                Washington 98203
            
            25,500
            
            .28
            %Common
            
            Michael
                A. Freid *
              2208
                Laurel Oak Drive
              Valrico,
                FL 33594
            
            N/A
            
            0
            %Common
            
            William
                E. & Barbara J. Amour
              TTEES
                Amour Family Trust
              Brandon,
                FL 33511
            
            673,811
            
            7.32
            %*All
                officers and directors as a group (4 persons)
            
            7,377,500
            
            80.28
            %





1)
            As
                used in this table, “beneficial ownership” means the sole or shared power
                to vote or to direct the voting of a security or the sole or shared
                investment power with respect to a security (i.e., the power to dispose
                of
                or to direct the disposition of a
                security)






ITEM 12.
            CERTAIN
                RELATIONSHIPS AND RELATED
                TRANSACTIONS




The
      Company is currently operating in a facility leased and operated by Affordable
      Fiberglass Group (AFG). AFG is owned by Kenmeth McCleave, Chairman of AFGP.
      No
      occupancy cost has been charged to AFGP by AFG as of December 31, 2007.
      There is no assurance that this favorable treatment will continue in the future
      if AFGP begins to facilitate operations at that site.




The
      Company carries a Note Payable to Kenneth McCleave, Chairman of AFGP in the
      amount of $5,650 for a loan made to the company. The note bears an annual
      interest rate of 10% and is payable on demand. Refer to Note 8 of the financial
      statements.




The
      Company carries long-term liabilities with PAC (Public Acquisition Company
      - a
      wholly owned business of Kenneth McCleave, Chairman of AFGP), Nimble Boat Works
      (a wholly owned business of Ken McCleave, Chairman of AFGP) and Daniel Hefner
      (President and Chief Executive Officer of AFGP) for cash advances made to AFGP.
      Refer to Note 9 of the financial statements.




The
      Company carries notes receivable from American Commerce Solutions (ACS) and
      Chariot Manufacturing Company. Daniel Hefner (President and Chief Executive
      Officer of AFGP) is also President and Chief Executive Officer of ACS. Chariot
      Manufacturing Company is a wholly owned subsidiary of ACS. Kenneth McCleave
      (Chairman of AFGP) is also Chief Operating Officer and General Manager of
      Chariot Manufacturing Company.




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ITEM 13.
            EXHIBITS


Exhibit #
            
            Description2
            
            2.1
            
            Merger
                between Hydro Press and Amour, dated 3/12/93*2.2
            
            Agreement
                and Plan of Merger between Amour Fiber Core [Nevada]and
                American Leisure Products, dated 5/24/2004*2.3
            
            Agreement
                and Plan of Merger between Amour Fiber Core
                [Washington]and
                Amour Fiber Core [Nevada], dated 5/25/2004*3
            
            3.1
            
            Article
                of Incorporation of Amour Fiber Core, Inc. [Washington], dated
                12/22/95*3.2
            
            Article
                of Amendment for 3 to 1 forward split dated 6/9/98*3.3
            
            Articles
                of Incorporation of American Leisure Products, Inc., dated
                9/2/2001*3.4
            
            Articles
                of Incorporation of Amour Fiber Core, Inc. [Florida], dated
                9/15/2001*3.5
            
            Articles
                of Incorporation of Amour Fiber Core, Inc. [Nevada], dated March
                2004*3.6
            
            Bylaws*10
            
            
            
            Employment
                Agreement with Kenneth W. McCleave, dated 10/1/2001*31.1
            
            
            
            Certification
                of the Chief
                Financial Officer31.2
            
            
            
            Certification
                of the Principal
                Executive Officer32
            
            
            
            Certification
                pursuant to 18 U.S.C.
                Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley
                Act
                of 2002





*
            These
                exhibits are filed as part of Form 10SB registration statement filed
                with
                the SEC on February 22, 2007 and incorporated by
                reference.






ITEM 14.
            PRINCIPAL
                ACCOUNTANT FEES AND
                SERVICES




Audit
      Fees


During
      2007 and 2006, we were billed by our accountants, Robert Taylor, Certified
      Public Accountants, $1,000 and $1,250 for audit and review fees associated
      with
      our 10-KSB and 10-QSB filings.




During
      2007 and 2006, we were billed by our accountants, Robert Taylor, Certified
      Public Accountants, $___0____ and $1,250 for non audit related fees associated
      with our Form 10-SB filing, respectively.




Tax
      Fees


None




All
      Other
      Fees


None




Audit
      Committee Pre-Approval
      Process, Policies and Procedures


Our
      principal auditors have performed their audit procedures in accordance with
      pre-approved policies and procedures established by our Board of Directors.
      Our
      principal auditors have informed our Board of the scope and nature of each
      service provided. With respect to the provisions of services other than audit,
      review, or attest services, our principal accountants brought such services
      to
      the attention of our Board of Directors, or one or more members of our Board
      of
      Directors to whom authority to grant such approval had been delegated by the
      Board, prior to commencing such services.




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SIGNATURES




Pursuant
      to the requirements of Section 12 of the Securities Exchange Act of 1934,
      the registrant has duly caused this registration statement to be signed on
      its
      behalf by the undersigned, thereunto duly authorized.


Date:
                March 31, 2008
            
            American
                Fiber Green Products, Inc.By:
            
            /s/
                  Daniel L. HefnerDaniel
                L. Hefner,President
                and Director(Principal
                Executive Officer)By:
            
            /s/
                  Michael A. FreidMichael
                A. Freid,Chief
                Financial Officer andPrincipal
                Accounting Officer












































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