UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-KSB/A

[ X ] ANNUAL REPORT PURSUANT TO SECTION 13
OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2007

Or

[   ] TRANSITION REPORT PURSUANT TO SECTION
13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the transition period from
____________________ to
________________________.

Commission File Number: 000-28417


GLOBAL GENERAL TECHNOLOGIES,
INC.
(Exact name of company as specified in its charter)

Nevada
76-0599457
(State or other jurisdiction
of incorporation)
(IRS Employer
Identification No.)


10120 S Eastern Avenue
Suite 200
Henderson, Nevada 89052
(Address of principal executive offices)

1-877-800-4660
(Company's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the
Act: None

Securities registered pursuant to section 12(g) of the
Act: Common Stock, $0.001 par value

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







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

The issuer's revenues for its fiscal year ended
December 31, 2007, were $0.00.

Based on the closing sales price of the Common Stock
on December 31, 2007, the aggregate market value of
the voting common equity held by non-affiliates
computed by reference to the price at which the
common equity was sold, or the average bid and asked
price of such common equity, as of December 31, 2007
(a date within the past 60 days) was $ 2,482,252 .

The number of shares outstanding of
the issuer's class of common stock outstanding as of
December 31, 2007, was 76,376,995 shares.

Documents Incorporated By
Reference:
     None


Transitional Small Business Issuer  Disclosure  Format
(check one): Yes [ ] No [X].



































EXPLANATORY NOTE

    Global General Technologies, Inc. is filing this
Amendment No. 1 to its Annual Report on Form 10-
KSB for the year ended December 31, 2007 (this
"Amendment No. 1"), as filed with the U.S. Securities
and Exchange Commission (the "Commission") on
April 15, 2008 (the "Original Annual Report").  This
Amendment reflects modifications that we have made
in the light of comments from the staff of the
Commission in connection with its review of our
Original Annual Report.

    Pursuant to Rule 12b-15 under the Securities
Exchange Act of 1934, as amended, as a result of this
Amendment No. 1, the certifications pursuant to
Section 302 and Section 906 of the Sarbanes-Oxley
Act of 2002, filed and furnished respectively, as
exhibits to the Original Annual Report, have been re-
executed and re-filed as of the date of this Amendment
No. 1 and are included as Exhibits 31.1, 31.2 and 32.1
hereto.

    No attempt has been made to update, in this
Amendment No. 1, the disclosure presented in the
Original Annual Report.  Accordingly, this Amendment
No. 1 should be read in conjunction with our filings with
the Commission subsequent to the date of filing of the
Original Annual Report.



INDEX



Page
PART I


Item 1.
Description of Business
5
Item 2.
Description of Property
6
Item 3.
Legal Proceedings
6
Item 4.
Submission of Matters to a Vote of
Security Holders
7



PART II


Item 5.
Market for Common Equity and
Related Stockholder Matters.
8
Item 6.
Management's Discussion and
Analysis or Plan of Operation
9
Item 7.
Financial Statements.
10
Item 8.
Changes In and Disagreements with
Accountants on Accounting and
Financial Disclosure.
27
Item 8A.
Controls and Procedures
27
Item 8B.
Other Information
28



PART III


Item 9.
Directors, Executive Officers,
Promoters and Control Persons;
Compliance with Section 16(a) of the
Exchange Act
28
Item 10.
Executive Compensation.
29
Item 11.
Security Ownership of Certain
Beneficial Owners and Management
and Related Stockholder Matters
30
Item 12.
Certain Relationships and Related
Transactions; Director Independence
31
Item 13.
Exhibits.
32
Item 14.
Principal Accountant Fees and
Services.
32
Signatures


Certificatio
n










Forward-Looking Statements

This Annual Report on Form 10-KSB contains forward-
looking information. Forward-looking information
includes statements relating to future actions, future
performance, costs and expenses, outcome of
contingencies, financial condition, results of operations,
liquidity, business strategies, cost savings, objectives of
management, and other such matters of Global
General Technologies, Inc. (the "Company"). The
Private Securities Litigation Reform Act of 1995
provides a "safe harbor" for forward-looking
information to encourage companies to provide
prospective information about themselves without fear
of litigation so long as that information is identified as
forward-looking and is accompanied by meaningful
cautionary statements identifying important factors
that could cause actual results to differ  materially
from those projected in the information. Forward-
looking information may be included in this Annual
Report on Form 10-KSB or may be incorporated by
reference from other documents filed with the
Securities and Exchange Commission (the "SEC") by
the Company. Many of these statements can be found
by looking for words including, for example, "believes,"
"expects," "anticipates," "estimates" or similar
expressions in this Annual Report on Form 10-KSB or
in documents incorporated by reference in this Annual
Report on Form 10-KSB. The Company undertakes no
obligation to publicly update or revise any forward-
looking statements, whether as a result of new
information or future events, except as required under
the federal securities laws.

The Company has based the  forward-
looking  statements  relating to the Company's
operations on management's current expectations,
estimates, and projections about the Company and the
industry in which it operates. These statements are not
guarantees of future  performance and involve risks,
uncertainties and assumptions that the Company
cannot predict. In particular, the Company has based
many of these forward-looking statements on
assumptions about future events that may prove to be
inaccurate. Accordingly, the Company's actual results
may differ  materially from those  contemplated by
these forward-looking statements. Any differences
could result from a variety of factors, including, but not
limited to general economic and business conditions,
the inability to raise sufficient funding, commence
research and development, inadequate  results of the
research and  development  project,  lack of
marketability,  operating costs, advertising and
promotional efforts, the existence or absence of
adverse publicity, changes in business strategy or
development plans, the ability to retain management,
availability, terms and deployment  of
capital;  business  abilities  and judgment of personnel,
availability of qualified personnel, changes in, or failure
to comply with various government regulations and
slower than anticipated completion of research and
development project. Actual results may also differ as
a result of factors over which we have no control,
including general economic and business conditions;
effects of war or terrorists acts on the capital markets
or the Company's activities.
























PART I

Item 1. Description of Business

History

According to the Company's Annual Report on Form
10-KSB for the fiscal year ended December 31, 2003,
the Company was formed on April 26, 1993 under the
laws of Nevada. From its date of formation until
December 31, 2002, the Company engaged in the
development and sale of technology-based training
solutions and software programs that were used to
teach and train individuals to operate popular business
and home use software programs. The Company
ceased business operations during 2002.

Since October 2004, when Shmuel Shneibalg, our
former chief executive officer, acquired a controlling
interest in the Company, the Company has been
seeking to identify profitable business opportunities in
which to invest. Since February 2005, the Company
has focused on the acquisition of businesses engaged in
the homeland security industry. On July 5, 2005, the
Company changed its corporate name from
"Knowledge Transfer Systems, Inc." to "Global General
Technologies, Inc."

The Company is in the development stage and has not
had any revenues since 2002. Since February 2005, the
Company has focused on the acquisition of businesses
engaged in the homeland security industry. The
Company's objective, through its wholly-owned
subsidiary, H7 Security  Systems,  Inc., is to
design,  implement  and  maintain advanced
intelligent  surveillance systems/products for homeland
security to be
deployed  in  defense  settings,  serving  as  early  warni
ng  systems  for  the
protection  of  key  national   infrastructure  assets  for
both  domestic  and international environments.
Management believes that key national infrastructure
assets are constantly a risk and represent a huge
opportunity.  Accordingly, the Company has decided to
focus on developing and marketing early
warning  systems to protect oil  refineries,  pipeline,  port
terminals and military installations.

The Company has yet to complete and market its first
product, the Silent Soldier Video Surveillance  product.
This product leverages its object-tracking and intelligent
video software to determine the viability of a threat,
based on pre-determined criteria. In connection with its
360 degrees of  view,  its long-range  capability
enables  ease of observation  in the  determination  of
"qualified activity". This automated technology
appears to be equally effective at night as it is in the
daytime, providing a remote interdiction system that
truly defines early-warning. We plan to market and
distribute the product through agents and sales
representatives.

The Silent Soldier has been engineered specifically to be
used at high value large-scale facilities such as oil
refineries, pipeline, port terminals and military
installations. Founded on intelligent video, advanced
sensors and a proprietary seamless communication
technology, this concept was  developed  to
provide  protection  through long range threat detection
and identification. Unlike current security systems, this
early-warning technology distinguishes itself by
providing a preventative security system, rather than
one designed as reactionary to attacks.

It is anticipated that the system will be accomplished
by utilizing an advanced intelligent
software  technology accompanied with existing
available hardware, including superior collection
devices,  e.g., video, audio, ground sensors etc. The
Company intends to develop a proprietary Intelligent
Communication Node (ICN) to configure many forms
of real time data for  analysis.  Such analysis could be
forwarded to a central command center, to permit
instantaneous response decisions in the event terrorist
activity occurs.










The marketing plan to be initiated by the Company will
initially call for arrangements with independent sales
agents from China, India, Japan and Columbia, who
have expressed an interest in  representing  the
Company in their respective  countries. The Company
anticipates initially focusing on marketing and selling
its products to oil refineries, pipeline, port terminals and
military installations.

Competition

Service companies such as SAIC and Logicon and
aerospace-defense companies such as Lockheed,
Raytheon and Northrup-Grumman, and many other
smaller companies have entered the market for
homeland security products and solutions.

Intellectual Property

We do not have any patents or trademarks.

Governmental Approvals; Governmental Regulation

In order to import or export defense products or
services, International Traffic in Arms Regulation
certification is typically required. Management believes
that ITAR regulations will not be necessary as a result
of the integration of products and the type of
command and control technology software being
developed by the Company.

Employees

As of April 15, 2008, the Company employed one part-
time employee.

Item 2.  Properties

The Company uses approximately 500 square feet at
its principal offices located at 201 South Biscayne
Boulevard, 28th Floor Miami Center, Miami, Florida
33131, at a cost of $500 a month, on a month-to-
month basis. Management believes such space is
adequate for the Company's corporate headquarters.

Item 3.  Legal Proceedings

On February 15, 2007, Blue Ridge Finance Company,
Inc. (the " Plaintiff" ) filed suit against Global General
Technologies, Inc. d/b/a Knowledge Transfer Systems,
Inc., and Steve Burke, Samuel Shneibalg, and Dr. Larry
Ball, in Case No. 06-CA-10493, in the Circuit Court for
the 9th Judicial Circuit, in and for Orange County,
Florida.

Steve Burke was the person from whom a controlling
interest in the Company  (then known as Knowledge
Transfer Systems, Inc.) was purchased in 2005 by Mr.
Shneibalg and others, Mr. Shneibalg thereafter became
an Officer/Director of the Company , and Mr. Ball also
became an Officer/Director of the Company.

The Complaint alleged (i) fraud and misrepresentation
based on certain loans, in unspecified amounts, made
from the Plaintiff to the Company which were allegedly
secured by shares of Common Stock owned of the
Company by Steve Burke, (ii) a violation of Florida's
security laws based on a scheme to exchange the
unspecified loan amount for the Common Stock, (iii)
breach of contract against GGT and Steve Burke for an
alleged Settlement Agreement that was not signed by
the parties thereto, and (iv) breach of promissory note
for monies due under a note that was not attached nor
identified in the Complaint.









The Company filed a Motion to Dismiss arguing that it
had insufficient contacts with the State of Florida to
satisfy the constitutional due process test with regarding
to jurisdiction, forum, and venue.

In March of 2007 each and every count of the
Complaint against the Company was dismissed by the
Court.

On June 12, 2007, the Plaintiff filed an Amended
Complaint, seeking a declaratory judgment against the
Company for enforcement of a Settlement Agreement,
which remains unsigned by each party, collectively.

The Plaintiff also re-alleged the same causes of action
as filed in the initial Complaint and also added Steven
Bingaman as a defendant. (Mr. Bingaman had worked
with Mr. Shneibalg in connection with the acquisition of
the controlling interest in the Company.)

The Defendants thereupon filed another Motion to
Dismiss for numerous reasons, including but not limited
to, lack of minimum contacts with the state of Florida,
failure of the Plaintiff to comply with Florida's long
arm statute, and lack of personal jurisdiction over each
Defendant. Although the Court has instructed both
Parties to conduct discovery on the issue of jurisdiction,
neither Party has done so yet.

A hearing date on the Defendant's Motion to Dismiss
has not been set by the Court.

As noted above, it is still the Company's position that it
(the Company) lacked sufficient contacts with the
State of Florida to satisfy the constitutional due process
test with regarding to jurisdiction, forum, and venue. As
also noted above, since the original Complaint rested
on jurisdictional allegations similar to those in the
Amended Complaint, and since the Original Complaint
was dismissed because these jurisdictional allegations
were found to be insufficient, the Company believes
that the Amended Complaint will be dismissed as well.

Although it is difficult to predict the amount or range of
potential loss, it is the Company's position that the
person responsible for the loss, if any, is Steve Burke, as
he is the person with whom the Plaintiffs dealt. While
no decision has been made as to whether or not to file a
Cross-Claim against Mr. Burke, the Company
anticipates defending the case as vigorously as it can,
and furthermore, there are no plans to attempt to reach
an out-of-court settlement.

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

No  matters  were  submitted  to a vote
of  security  holders  during the fourth quarter of the
fiscal year covered by this report.






















PART II

Item 5. Market for
Company's  Common  Equity,  Related  Stockholder
Matters and Issuer Purchases of Equity Securities

Market Information.

The Company's Common Stock trades on the Pink
Sheets under the symbol GLGT. The following table
sets forth the range of quarterly high and low closing
bid information of the  common  stock as reported  on
http://www.bloomberg.com for the periods indicated.


Financial Quarter Bid Information
Year
Quarter
High Bid
Low Bid




200
7
Fourth
$0.040
$0.025

Third
0.065
0.040

Second
0.075
0.050

First
0.900
0.007




200
6
Fourth
$0.900
$2.250

Third
0.600
0.900

Second
0.250
1.000

First
1.000
0.120

_
* The quotations do not reflect  inter-
dealer  prices,  without retail  mark-up, mark-down or
commission and may not represent actual transactions.

Holders.  On December 31, 2007, there were
approximately 1,400 holders of record of the
Company's common stock.

Dividends. The Company has not declared or paid any
cash dividends on its common stock nor does it
anticipate paying any in the foreseeable future.
Furthermore, the Company expects to retain any future
earnings to finance its operations and expansion. The
payment of cash dividends in the future will be at the
discretion of its Board of Directors and will depend
upon its earnings levels, capital requirements, any
restrictive loan covenants and other factors the Board
considers relevant.

Recent Sales of Unregistered Securities

During the year ended December 31, 2007, we issued a
total of 24,833,332 shares of unregistered Common
Stock. 3,900,000 shares were issued for consulting
services valued at $117,000 pursuant to the exemption
from registration contained in Section 4 (2) of the
Securities Act. 3,333,332 shares were issued for
$100,000 cash pursuant to the exemption from
registration contained in Section 4 (2) of the Securities
Act. 17,600,000 shares were issued in exchange for
claims totaling $475,000 pursuant to the exemption
from registration contained in Section 3 (a) (10) of the
Securities Act.

Purchases of equity securities by the Issuer and
Affiliated Purchasers.

None






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

Plan of Operation.

The Company has yet to complete and market its first
product, the Silent Soldier Video Surveillance  product.
This product leverages its object-tracking and intelligent
video software to determine the viability of a threat,
based on pre-determined  criteria.  In  connection with
its 360  degrees  of  view,  its long-
range  capability  enables  ease of observation  in
the  determination  of "qualified activity". This
automated technology appears to be equally effective
at night as it is in the daytime, providing a remote
interdiction system that truly defines early-warning. We
plan to market and distribute the product through
agents and sales representatives.

The Silent Soldier has been engineered specifically to be
used at high value large scale  facilities such as
oil  refineries,  pipeline,  port terminals and military
installations.  Founded on intelligent video,  advanced
sensors and a
proprietary  seamless  communication  technology,  this
concept was  developed  to provide  protection  through
long range  threat  detection  and  identification. Unlike
current security systems, this early-warning  technology
distinguishes itself by providing a preventative  security
system, rather than one designed as reactionary to
attacks.

It is anticipated  that the system will be accomplished
by utilizing an advanced
intelligent  software  technology  accompanied with
existing available hardware, including superior
collection  devices,  e.g., video, audio, ground sensors
etc. The Company intends to develop a
proprietary  Intelligent Communication Node (ICN) to
configure many forms of real time data
for  analysis.  Such analysis could be forwarded to a
central command center, to permit instantaneous
response decisions in the event terrorist activity occurs.

The marketing plan to be initiated by the  Company
will initially call for arrangements with independent
sales agents from China, India, Japan and Columbia,
who have expressed an interest in  representing  the
Company in their respective  countries. The Company
anticipates initially focusing on marketing and selling
its products to oil refineries, pipeline,  port terminals and
military installations.

Liquidity and Capital Resources

At December 31, 2007, the Company's liabilities
($568,115) exceeded its assets ($-0-) by approximately
$568,115, and the Company had $ -0- in available
cash. We do not have sufficient funds to effectuate our
business plan without additional financial resources.
We expect to incur a minimum of approximately
$1,000,000 in expenses during the next twelve months
of operations, primarily for research and development,
sales and marketing. Additionally, approximately
$750,000 will be needed for general overhead expenses
such as for salaries, corporate legal and accounting
fees, office overhead and working capital.

We will have to issue debt or equity securities, or enter
into a strategic arrangement with a third party, to
implement our business plan. There can be no
assurance that additional capital will be available to us.
We do not have any agreements, arrangements or
understandings to obtain funds through bank loans,
lines of credit or other means of financing.

Off-Balance Sheet Arrangements
None.

Going Concern Considerations
The Company has an Accumulated Deficit as of
December 31, 2007 and 2006 ($15,324,711 and
($14,656,481, respectively) and no source of revenue.
These conditions raise substantial doubt about the
Company's ability to continue as a going concern. The
Company needs to obtain additional financing to fund
payment of obligations and to provide working capital
for operations.





Item 7.  Financial Statements









GLOBAL GENERAL TECHNOLOGIES,
INC.
(A Development Stage Company)

-:-

CONSOLIDATED FINANCIAL
STATEMENTS
AND
REPORT OF INDEPENDENT
REGISTERED PUBLIC
ACCOUNTANTS

DECEMBER 31, 2007 AND 2006






GLOBAL GENERAL TECHNOLOGIES, INC.

INDEX TO FINANCIAL STATEMENTS


Page


Report Independent Registered Public
Accountants
F - 1


Consolidated Balance Sheets - December 31,
2007 and 2006
F - 2


Consolidated Statements of Operations for the
Years Ended December 31, 2007 and 2006,

     and the cumulative period from September
15, 2003 (Inception of Development Stage)

     to December 31, 2007
F - 3


Consolidated Statements of Stockholders'
Equity for the Period From

     June 1, 2000 (inception) to December 31,
2007
F - 4


Consolidated Statements of Cash Flows for the
Years Ended December 31, 2007 and 2006,

     and the cumulative period from September
15, 2003 (Inception of Development Stage)

     to December 31, 2007
F - 7


Notes to the Consolidated Financial Statements
F - 8

_________________________






REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTANTS


To the Board of Directors and the Shareholders
Global General Technologies, Inc.
 (A Development Stage Company)

	We have audited the accompanying
consolidated balance sheet of Global General
Technologies, Inc. (a development stage
company) (the Company) as of December 31,
2007 and 2006, and the related consolidated
statements of operations, and cash flows for the
two years ended December 31, 2007 and 2006
and the cumulative period from September 15,
2003 (inception of development stage) to
December 31, 2007 and the consolidated
statement of stockholders' equity from June 1,
2000 (inception) to December 31, 2007.  These
financial statements are the responsibility of the
Company's management. Our responsibility is
to express an opinion on these financial
statements based on our audit.

	We conducted our audits in accordance
with the standards of the Public Company
Accounting Oversight Board (United States).
Those standards require that we plan and
perform the audit to obtain reasonable
assurance about whether the financial
statements are free of material misstatement.
The Company is not required to have, nor were
we engaged to perform, an audit of its internal
control over financial reporting.  Our audit
included consideration of internal control over
financial reporting as a basis for designing audit
procedures that are appropriate in the
circumstances, but not for the purpose of
expressing an opinion on the effectiveness of
the company's internal control over financial
reporting.  Accordingly, we express no such
opinion.  An audit also includes examining, on
a test basis, evidence supporting the amounts
and disclosures in the financial statements,
assessing the accounting principles used and
significant estimates made by management, as
well as evaluating the overall financial
statement presentation.  We believe that our
audits provide a reasonable basis for our
opinion.

	In our opinion, the consolidated
financial statements referred to above present
fairly, in all material respects, the financial
position of Global General Technologies, Inc.
(a development stage company) as of
December 31, 2007 and 2006, and the results
of their operations and their cash flows for the
two years ended December 31, 2007 and 2006
and the cumulative period from September 15,
2003 (inception of development stage) to
December 31, 2007 in conformity with
accounting principles generally accepted in the
United States of America.

	The accompanying consolidated
financial statements have been prepared
assuming that the Company will continue as a
going concern. As discussed in Note 1 to the
financial statements, the Company has suffered
recurring losses from operations and has a net
capital deficiency that raise substantial doubt
about its ability to continue as a going concern.
Management's plans in regard to these matters
are also described in Note 1.  The financial
statements do not include any adjustments that
might result from the outcome of this
uncertainty.



		Certified Public Accountants

Salt Lake City, Utah
April 15, 2008




F - 1



GLOBAL GENERAL TECHNOLOGIES, INC.
(A Development Stage Company)
BALANCE SHEETS



December
31,


December
31,



2007


2006

ASSETS








Current Assets:






    Cash in bank

$
-


$
24,639










Total Assets

$
-


$
24,639



LIABILITIES AND STOCKHOLDERS' EQUITY










Current Liabilities:








     Notes payable

$
186,793


$
-

     Trade accounts payable


181,322



199,121

     Due to Asset Growth
Partners


-



217,402

     Escrow advance


200,000



200,000

Total Liabilities


568,115



616,523










Stockholders' Equity:








     Preferred stock - $0.001
par value; 10,000,000
shares authorized








          Series A convertible
preferred stock; -0- shares








               issued and
outstanding; $1.00 stated
value


-



-

          Series B convertible
preferred stock; -0- shares








               issued and
outstanding; $1,000.00
stated value


-



-

     Common stock - $0.001
par value; 100,000,000








          shares authorized;
76,376,995 and 53,043,663
shares








          issued and
outstanding


76,377



53,044

     Additional paid-in
capital


15,280,21
9



14,611,55
3

     Notes receivable from
stockholders


(600,000
)


(600,000
)
     Accumulated deficit


(6,860,545
)


(6,860,545
)
     Deficit accumulated
during development stage


(8,464,166
)


(7,795,936
)









     Total Stockholders'
Equity


(568,115
)


(591,884
)









Total Liabilities and
Stockholders' Equity

$
-


$
24,639






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





F - 2


GLOBAL GENERAL TECHNOLOGIES, INC.
(A Development Stage Company)
STATEMENTS OF OPERATIONS









Cumulative









From






September
15,



For the


For the


2003



Year
Ended


Year
Ended


Inception of



December
31,


December
31,


Developme
nt



2007


2006


Stage











Sales

$
-


$
-


$
-














Operating
Expenses












     Compensati
on


-



-



422,452

     Consulting


315,300



3,565,016



4,239,268

     Professional
fees


39,178



59,943



427,511

     Commission
s


17,000



30,250



296,960

     General and
administrative


2,796



59,237



686,944

Total Operating
Expenses


374,274



3,714,446



6,073,135














Other Income
(Expense)












     Interest
income


74



-



74

     Interest
expense from
convertible
notes


(294,030
)


(377,995
)


(1,911,105
)
     Write down
of uncollectible
advances


-



-



(480,000
)
Total Other
Income
(Expense)


(293,956
)


(377,995
)


(2,391,031
)













Net Income
(Loss)

$
(668,230
)

$
(4,092,44
1
)

$
(8,464,166
)


























Basic and
Diluted Income
(Loss) Per
Share

$
(0.01
)

$
(0.17
)

















Weighted
Average
Number of
Common
Shares












Used in Per
Share
Calculation


63,499,05
0



23,716,93
1








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









F - 3




GLOBAL GENERAL TECHNOLOGIES, INC.
(A Development Stage Company)
STATEMENT OF STOCKHOLDERS' EQUITY




















Cumul
ative





















From















Notes





Sept
15,
2003







Addit
ional


Receiv
able





Incept
ion of



Preferr
ed Stock


Common
Stock


Paid-
In


From


Retai
ned


Devel
opmen
t



Sh
are
s


Am
oun
t


Sha
res


Am
oun
t


Capit
al


Stockh
olders


Defic
it


Stage

Stock
Issued
for net
assets


-


$
-



166
,23
7


$
166


$
3,58
3,83
4


$
-


$
-


$
-

   Acqu
ired,
June 1,
2000
































Expens
es paid
by
shareh
older


-



-



728



1



231,
295



-



-



-

Cash
contrib
uted
by
shareh
older


-



-



626



1



198,
999



-



-



-

Notes
payabl
e and
accrue
d
interest
































   assu
med
by
shareh
older


-



-



624



1



198,
400



-



-



-

Net
loss for
the
period


-



-



-



-



-



-



(1,17
7,09
1
)


-


































Balanc
e -
Decem
ber 31,
2000


-



-



168
,21
5



169



4,21
2,52
8



-



(1,17
7,09
1
)


-

Expens
es paid
by
shareh
older


-



-



1,0
97



1



348,
621



-



-



-

Accou
nts
payabl
e and
interest
paid
































   by
shareh
older


-



-



1,7
25



2



548,
012



-



-



-

Assum
ption
of note
payabl
e
































   from
shareh
older


-



-



(78
)


-



(25,
000
)


-



-



-

Shares
issued
for
service
s


-



-



8,0
00



8



199,
992



-



-



-

Shares
issued
for
notes
receiva
ble
































   from
stockh
olders,
$.05
per
share


-



-



46,
100



46



1,15
2,45
4



(1,04
2,500
)


-



-

Shares
issued
for
notes
receiva
ble
































   from
stockh
olders,
$.10
per
share


-



-



5,0
30



5



251,
495



(181,
500
)


-



-

Service
s
receive
d in
satisfa
ction
of
































   notes
receiva
ble
from
stockh
olders


-



-



-



-



-



360,0
00



-



-

Acquisi
tion of
GoThi
nk!.co
m


-



-



496



-



-



-



-



-

Private
placem
ent
offerin
g for
cash


-



-



1,6
80



2



209,
998



-



-



-

Foreign
private
placem
ent
offerin
g
































   for
cash


-



-



473



-



21,5
70



-



-



-

Cancel
lation
of
comm
on
stock
and
































   relate
d note
receiva
ble


-



-



(5
)


-



(250
)


250



-



-

Cash
receive
d on
notes
receiva
ble
































   from
stockh
olders


-



-



-



-



-



75,00
0



-



-

















F - 4


































GLOBAL GENERAL TECHNOLOGIES, INC.
(A Development Stage Company)
STATEMENT OF STOCKHOLDERS' EQUITY




















Cumu
lative





















From





















Septe
mber
15,















Notes





2003







Addi
tiona
l


Recei
vable





Incept
ion of



Preferre
d Stock


Commo
n Stock


Paid-
In


From


Accu
mulat
ed


Devel
opme
nt



Sha
res


Amo
unt


Sha
res


Am
oun
t


Capi
tal


Stock
holde
rs


Defici
t


Stage

Net
loss
for
the
year


-


$
-



-


$
-


$
-


$
-


$
(3,38
5,139
)

$
-


































Bala
nce -
Dece
mber
31,
2001


-



-



232
,73
3



23
3



6,91
9,42
0



(788,
750
)


(4,56
2,230
)


-

Issua
nce
of
com
mon
stock


-



-



18,
112



18



311,
687



-



-



-

Issua
nce
of
com
mon
stock
for
































   Serv
ices
provi
ded


-



-



6,1
00



6



113,
494



-



-



-

Canc
ellatio
n of
com
mon
stock
































   And
relate
d
note
receiv
able


-



-



(50
0
)


(1
)


(24,
999
)


25,00
0



-



-

Issua
nce
of
Series
A
prefer
red
































   Stoc
k for
softw
are


875
,00
0



875
,00
0



-



-



-



-



-



-

Canc
ellatio
n of
note
receiv
able
































   Fro
m
share
holde
rs


-



-



-



-



(163
,750
)


163,7
50



-



-

Net
Inco
me
(loss)
for
year


-



-



-



-



-



-



(3,60
3,276
)


-


































Bala
nce -
Dece
mber
31,
2002


875
,00
0



875
,00
0



256
,44
5



25
6



7,15
5,85
2



(600,
000
)


(8,16
5,506
)


-

Issua
nce
of
com
mon
stock
for
































   Serv
ices
provi
ded


-



-



2,0
00



2



1,99
8



-



-



-

Canc
ellatio
n of
com
mon
stock
































   For
capit
alized
softw
are


-



-



(3,8
00
)


(4
)


(7,5
96
)


-



-



-

Canc
ellatio
n of
prefer
red
stock
































   For
conte
nt
licens
e and
































   Res
ale
agree
ment


(87
5,0
00
)


(87
5,0
00
)


-



-



-



-



-



-

Capit
al
contri
buted
by
share
holde
r


-



-



-



-



227,
500



-



-



-

Net
Inco
me
(loss)
for
year


-



-



-



-



-



-



(97,5
75
)


(23,8
48
)

































Bala
nce -
Dece
mber
31,
2003


-



-



254
,64
5



25
4



7,37
7,75
4



(600,
000
)


(8,26
3,081
)


(23,8
48
)



















F - 5
















GLOBAL GENERAL TECHNOLOGIES, INC.
(A Development Stage Company)
STATEMENT OF STOCKHOLDERS' EQUITY




















Cumu
lative





















From















Notes





Sept
15,
2003







Addit
ional


Recei
vable





Incept
ion of



Preferr
ed
Stock


Common
Stock


Paid-
In


From


Accu
mulat
ed


Devel
opme
nt



Sh
ar
es


Am
oun
t


Shar
es


Am
oun
t


Capit
al


Stock
holde
rs


Defici
t


Stage


























Shares
issued
for
service
s


-


$
-



2,29
3,22
4


$
2,2
93


$
249,
962


$
-


$
-


$
-

Net
Incom
e (loss)
for
year


-



-



-



-



-



-



1,402
,536



(356,
069
)

































Balan
ce -
Decem
ber
31,
2004


-



-



2,54
7,86
9



2,5
47



7,62
7,71
6



(600,
000
)


(6,86
0,545
)


(379,
917
)
Benefi
cial
Conve
rsion
Featur
e of
































     Con
vertibl
e
Notes


-



-



-



-



1,60
7,00
0



-



-



-

Shares
issued
for
conver
tible
notes
at
































     $.0
7 per
share


-



-



6,50
0,00
0



6,5
00



448,
500



-



-



-

Shares
issued
for
conver
tible
notes
at
































     $.5
0 per
share


-



-



3,19
0,00
0



3,1
90



1,59
1,81
0



-



-





Net
Incom
e (loss)
for
year


-



-



-



-



-



-



-



(3,32
3,578
)

































Balan
ce -
Decem
ber
31,
2005


-



-



12,2
37,8
69



12,
23
7



11,2
75,0
26



(600,
000
)


(6,86
0,545
)


(3,70
3,495
)
Shares
issued
for
conver
tible
notes
at
































    $.15
per
share


-



-



2,54
6,42
9



2,5
47



384,
953



-



-



-

Shares
issued
for
service
s


-



-



31,0
09,3
65



31,
01
0



2,95
1,57
4



-



-



-

Shares
issued
in
excha
nge for
shares
































   of
H7
Securit
y
Syste
ms,
Inc.


-



-



7,25
0,00
0



7,2
50



-



-



-



-

Net
Incom
e (loss)
for
year


-



-



-



-



-



-



-



(4,09
2,441
)

































Balan
ce -
Decem
ber
31,
2006


-



-



53,0
43,6
63



53,
04
4



14,6
11,5
53



(600,
000
)


(6,86
0,545
)


(7,79
5,936
)
Shares
issued
for
cash
at $.03
per
share


-



-



3,33
3,33
2



3,3
33



96,6
66



-



-



-

Shares
issued
for
service
s


-



-



3,90
0,00
0



3,9
00



113,
100



-



-



-

Shares
issued
for
conver
tible
notes
at






















-



-



-

    $.02
7 per
share


-



-



17,6
00,0
00



17,
60
0



457,
400



-



-



-

Shares
cancell
ed


-



-



(1,50
0,00
0
)


(1,
50
0
)


1,50
0



-



-



-

Net
Incom
e (loss)
for
year


-



-



-



-



-



-



-



(668,
230
)

































Balan
ce -
Decem
ber
31,
2007


-



-



76,3
76,9
95


$
76,
37
7


$
15,2
80,2
19


$
(600,
000
)

$
(6,86
0,545
)

$
(8,46
4,166
)


































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






























F - 6







GLOBAL GENERAL TECHNOLOGIES, INC.
(A Development Stage Company)
STATEMENTS OF CASH FLOWS








Cumulative









From






September



For the


For the


15, 2003



Year
Ended


Year
Ended


Inception of



December
31,


December
31,


Development



2007


2006


Stage

Cash Flows
From
Operating
Activities









Net loss

$
(668,230
)

$
(4,092,44
1
)

$
(8,464,166
)
Adjustments
to reconcile
net loss to net
cash












  used in
operating
activities:












     Interest
expense from
convertible
notes


267,022



368,320



1,874,022

     Write down
of
uncollectible
advances


-



-



480,000

     Common
stock issued
for services


117,000



2,989,834



3,359,089

Changes in
Assets and
Liabilities












     Deferred
charge


-



30,250



-

     Accrued
interest on
notes payable


27,008



9,675



36,683

     Trade
accounts
payable


(17,800
)


179,455



98,784

Net cash used
in operating
activities


(275,000
)


(514,907
)


(2,615,588
)













Cash Flows
from
Investing
Activities












Cash
advances to
GGT


-



-



(480,000
)
Net cash used
in investing
activities


-



-



(480,000
)













Cash Flows
from
Financing
Activities












Proceeds from
sale of
common
stock


100,000



-



100,000

Proceeds from
notes


175,000



-



175,000

Escrow
advance


-



-



200,000

Advances
from Asset
Growth
Partners, net


(24,639
)


207,727



183,088

Convertible
note financing


-



-



2,437,500

Net cash
provided by
(used in)
financing
activities


250,361



207,727



3,095,588














Net Decrease
In Cash


(24,639
)


(307,180
)


-

Cash at
Beginning of
Period


24,639



331,819



-

Cash at End
of Period

$
-


$
24,639


$
-














Supplemental Disclosure
of Cash Flow
Information









Cash paid for
income taxes

$
-


$
-


$
-

Cash paid for
interest

$
-


$
-


$
400














Supplemental Schedule of Noncash
Investing and Financing Activities





Beneficial
Conversion
Feature of
Convertible
Notes

$
-


$
855,320


$
1,607,000

Write Down of
Uncollectible
Advances

$
-


$
-


$
480,000

Common
stock issued
for services
provided

$
117,000


$
783,117


$
3,359,089

Conversion of
notes payable

$
207,978


$
-


$
595,478

Common
stock issued in
exchange for
H7 stock

$
-


$
-


$
7,250


The accompanying notes are an integral part of these financial
statements.
F - 7
GLOBAL GENERAL TECHNOLOGIES, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION AND SUMMARY OF
SIGNIFICANT ACCOUNTING PRINCIPLES

ORGANIZATION - On August 1, 1992 Missaticum,
Inc. dba QtrainCorp was incorporated under the laws
of the State of California.  On October 4, 1996, its
name was changed to KT Solutions, Inc.  It was formed
for the purpose of developing technology based
training solutions.  It creates software programs that are
used to teach and train individuals how to operate
popular business and home use software programs.

On June 1, 2000, the former shareholders of KT
Solutions, Inc. entered into a stock exchange
agreement with enSurge, Inc. (enSurge) whereby
enSurge acquired all of the outstanding common shares
of KT Solutions, Inc. from its former shareholders in
exchange for the issuance of 500,000 shares of
enSurge's common stock and options to purchase
250,000 shares of enSurge's common stock at $4.00
per share.  In addition, enSurge issued warrants to
purchase 50,000 shares of common stock at $0.10 per
share as a finder's fee.  As a result, the Company
became a wholly-owned subsidiary of enSurge, Inc.

The acquisition of KT Solutions, Inc. was recorded by
enSurge using the purchase method of accounting.  The
500,000 common shares issued and the 300,000
options issued were recorded at their fair values of
$2,240,000 ($4.48 per share) and $1,120,000,
respectively.  The value of the options was determined
using the Black-Scholes option pricing model with the
following assumptions:  risk free interest rate of 6.0%,
expected dividend yield of 0%, volatility of 577% and
expected life of 5 years.

For financial reporting purposes, KT Solutions, Inc. was
considered a new reporting entity on June 1, 2000.  The
accompanying financial statements reflect the
operations of KT Solutions, Inc. from June 1,
2000.  The purchase price was allocated to the assets
and liabilities at their fair value.  The excess of the
purchase price over the fair value of the net assets
acquired was $4,342,278 and was allocated to
goodwill.  Goodwill was being amortized over five years
by the straight-line method.

REORGANIZATION - On April 25, 2001, enSurge,
Inc. consummated a stock exchange agreement with
GoThink!.com, Inc., a publicly held Nevada
corporation, whereby all of the 1,368,387 outstanding
common shares of KT Solutions, Inc. were transferred
to GoThink!.com Inc. in exchange for 8,000,000 shares
of GoThink!.com, Inc. common stock.  As a result of
the stock exchange, KT Solutions, Inc. became a
wholly- owned subsidiary of GoThink!.com,
Inc.  GoThink!.com, Inc. had 496 shares of common
stock outstanding prior to the stock exchange but after
a 1-for-100 reverse stock split.

The stock exchange has been accounted for as the
reorganization of KT Solutions, Inc.  Accordingly, the
accompanying financial statements have been restated
to reflect the effects of the 5.84-for-1 equivalent stock
split that resulted from 8,000,000 shares of
GoThink!.com, Inc. being issued in exchange for
1,368,387 previously outstanding shares of KT
Solutions, Inc.  GoThink!.com, Inc. had no assets or
operations prior to or at the date of the
reorganization.  Accordingly, the acquisition of
GoThink!.com, Inc. was not considered a business
combination but was considered the issuance of
common stock in exchange for the assumption of
liabilities.  The 496 common shares held by the
GoThink!.com, Inc. shareholders that remained
outstanding were recorded as issued in exchange for the
assumption of $57,560 of accounts payable.  The
operations of GoThink!.com, Inc. have been included
in the accompanying financial statements from April 1,
2001 (which was the beginning of the accounting
period during which GoThink!.com, Inc. was
purchased).






F - 8


GLOBAL GENERAL TECHNOLOGIES, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION AND SUMMARY OF
SIGNIFICANT ACCOUNTING PRINCIPLES

(Continued)

On April 23, 2001, the articles of incorporation of
GoThink!.com, Inc. were amended to change its name
to Knowledge Transfer Systems, Inc. (hereafter referred
to as the Company) and to modify the authorized
capital for the Company such that the Company is
authorized to issue 10,000,000 shares of preferred
stock having a par value of $0.001 per share and
100,000,000 shares of common stock having a par
value of $0.001 per share.  The accompanying
financial statements have been adjusted to reflect the
change in the authorized capital.


BANKRUPTCY OF SUBSIDIARY - On September 15,
2003, KT Solutions, Inc., a California corporation and
wholly owned subsidiary of the Company, filed for
Chapter 7 bankruptcy in Alameda County, Oakland,
California.

CHANGE IN CONTROL - An Information Statement
was filed on or about June 3, 2005, to the holders of
record as of the close of business on March 31, 2005 of
shares of the common stock (the "Common Stock") of
Knowledge Transfer Systems, Inc. (the "Company"), a
Nevada corporation.  The purpose of the Information
Statement was to notify such stockholders that on April
5, 2005, the Company received a written consent in lieu
of a meeting of stockholders (the "Written Consent")
from the holders of a majority of the outstanding
shares of Common Stock (the "Majority
Stockholders").  The Majority Stockholders are holders
of 2,293,547 of the issued and outstanding shares of
Common Stock (representing approximately
90%).  The Written Consent approves the Certificate of
Amendment to the Articles of Incorporation of the
Company (the "Certificate of Amendment") pursuant
to which the Company's name will be changed to
"Global General Technologies, Inc." (the "Name
Change").

USE OF ESTIMATES - The preparation of financial
statements in conformity with generally accepted
accounting principles requires management to make
estimates and assumptions that affect the reported
amounts of assets and liabilities 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 these estimates.

BUSINESS CONDITION - The Company has an
accumulated deficit as of and December 31, 2007 and
2006 of $15,324,711 and $14,656,481, respectively,
and no source of revenue.  These conditions raise
substantial doubt about the Company's ability to
continue as a going concern.  The Company needs to
obtain additional financing to fund payment of
obligations and to provide working capital for
operations.  Management is seeking additional
financing.  In December 2005, the Company formed
H7 Security Systems, Inc. a Nevada corporation.  The
financial statements do not include any adjustments
relating to the recoverability and classification of asset
carrying amounts or the amount and classification of
liabilities that might result should the Company be
unable to continue as a going concern.

NATURE OF OPERATIONS - The Company, through
its subsidiary H7 Security Systems, Inc., is involved in
developing and marketing proprietary technology-
based homeland security products.  With the
acquisition of AirSpeak, management intends to
expand the sales of the Flair product line in the various
markets that are currently being served and incorporate
the Flair technology into its proprietary homeland
security product line.  The Company intends to acquire
other interests in the homeland security industry.  As of
September 15, 2003, the Company was in the
development stage.  On October 12, 2004, the
Company disposed of its wholly owned subsidiary KT
Solutions, Inc. as part of a stock purchase agreement
that resulted in a change in control of the Company.

FINANCIAL INSTRUMENTS - The carrying amounts
reported in the accompanying financial statements for
cash, trade accounts payable, advances, and notes
payable approximate their fair values because of the
immediate or short-term maturities of these financial
instruments.



GLOBAL GENERAL TECHNOLOGIES, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION AND SUMMARY OF
SIGNIFICANT ACCOUNTING PRINCIPLES
(Continued)

PRINCIPLES OF CONSOLIDATION - The
consolidated financial statements include the accounts
of Global General Technologies, Inc. and its wholly
owned subsidiary H7 Security Systems, Inc.  The results
of subsidiaries acquired or sold during the year are
consolidated from their effective dates of acquisition
through their effective dates of disposition.  All material
intercompany accounts and transactions have been
eliminated.  On October 12, 2004, the Company
disposed of its wholly owned subsidiary KT Solutions,
Inc. as part of a stock purchase agreement that resulted
in a change in control of the Company.

CASH EQUIVALENTS - For the purpose of reporting
cash flows, the Company considers all highly liquid
debt instruments purchased with maturity of three
months or less to be cash equivalents to the extent the
funds are not being held for investment purposes.

NET LOSS PER COMMON SHARE - Basic net loss
per common share is computed by dividing net loss by
the weighted average number of common shares
outstanding during the year.  Diluted net loss per
common share ("Diluted EPS") reflects the potential
dilution that could occur if stock options or other
common stock equivalents were exercised or converted
into common stock.  The computation of Diluted EPS
does not assume exercise or conversion of securities
that would have an anti-dilutive effect on net loss per
common share.

CONCENTRATION OF CREDIT RISK - The
Company has no significant off-balance-sheet
concentrations of credit risk such as foreign exchange
contracts, options contracts or other foreign hedging
arrangements.  The Company maintains the majority
of its cash balances with one financial institution, in the
form of demand deposits.

INCOME TAXES - The Company accounts for
income taxes under the provisions of SFAS No. 109,
"Accounting for Income Taxes."  SFAS No.109
requires recognition of deferred income tax assets and
liabilities for the expected future income tax
consequences, based on enacted tax laws, of
temporary differences between the financial reporting
and tax bases of assets and liabilities.

NOTE 2 - STOCKHOLDERS' EQUITY

On July 29, 2004, the Company authorized a 1 for 500
reverse stock split of the Company's common
stock.  The stock split provided that in no case shall
any shareholders holdings be reduced to less than 100
shares.  The reverse stock split reduced the number of
outstanding common shares from 49,843,268 to
254,645.  All references to the Company's common
stock in the financial statements have been restated to
reflect the reverse stock split.

On October 12, 2004, the Company issued 2,293,224
shares of common stock with an estimated market
value of $0.11 per share (based on the OTC quoted
market price) for services pursuant to a Stock Purchase
agreement which resulted in a change in control of the
Company.  Compensation expense of $252,255 has
been recorded in connection with this transaction.

In April 2005, the Company issued a Note for
$600,000 that was convertible into common stock of
the Company at $.07 per share or 8,571,429 common
shares.  The intrinsic value of the beneficial conversion
feature has been calculated at $600,000 and is being
amortized over the 2 year term of the debt, or as the
notes are converted, as interest expense.  As of
December 31, 2005, $450,000 of the note has been
converted into 6,500,000 shares of common stock, and
interest expense of $462,000 has been recorded.  As of
March 2006, this Note has been fully converted.

In April 2005, the Company commenced an offering to
raise $2,000,000 by selling 8% Convertible Note.  The
Company raised $1,837,500 convertible at $.50 per
share or 3,675,000 common shares.  The intrinsic value
of the beneficial conversion feature has been
calculated at $1,007,000 and is being amortized over
the 2 year term of the

GLOBAL GENERAL TECHNOLOGIES, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS

NOTE 2 - STOCKHOLDERS' EQUITY (Continued)

debt, or as the notes are converted, as interest
expense.  As of December 31, 2005, $1,600,000 of the
notes have been converted into 3,190,000 shares of
common stock, and interest expense of $776,680 has
been recorded.  Issuance costs in the form of
commisions of $279,960 were paid to a third party in
connection with issuance of these notes.  The issue
costs are being reported in the accompanying balance
sheet for December 31, 2005 and amortized over the 2
year life of the note or as the notes are converted.  As
of December 31, 2005, $249,710 has been recorded as
commission expense in the accompanying statement
of operations for the year ended December 31,
2005.  As of March 2006, the notes have been fully
converted.

In January 2006, the Company entered into a contract
to purchase the 100% of the common stock of
AirSpeak, Inc., a California corporation for 750,000
common shares of the Company plus $230,000 in cash
payable over the next twelve months after the
closing.  The Company has determined to terminate
such agreement and no longer intends to consummate
such transaction.  In addition, during January and
February 2006, the $387,500 balances of the Notes
outstanding as of December 31, 2005 were converted
into 2,546,429 shares of the Company's common
stock.

On July 11, 2006, the Company issued 7,250,000
shares of common stock in a share exchange
agreement with H7 Security Systems, Inc.

From April 1, 2006 to December 31, 2006, the
Company issued 31,009,365 shares of its common
stock for consulting services valued at $2,989,834.

During 2007, the Company issued 3,333,332 shares of
common stock for cash of $100,000.

During 2007, the Company issued 3,900,000 shares of
common stock for consulting services valued at
$117,000.

During 2007, the Company issued 17,600,000 shares
of common stock for notes payable and accrued
interest of $207,978 and interest expense of $267,022.

NOTE 3 - DISCONTINUED OPERATIONS

On September 15, 2003, KT Solutions, Inc., a
California corporation and wholly owned subsidiary of
the Company, filed for Chapter 7 bankruptcy in
Alameda County, Oakland, California.  On October 12,
2004, the Company disposed of its wholly owned
subsidiary KT Solutions, Inc. as part of a stock
purchase agreement that resulted in a change in control
of the Company.  This disposal resulted in a gain on
disposal of discontinued operations of $1,402,536.  As
of December 31, 2004, KT Solutions, Inc. had no assets
or liabilities.

NOTE 4 - RELATED PARTY TRANSACTIONS

On April 24, 2001, Mr. Steve Burke, former President
and CEO of the Company, purchased 24,000 shares of
Common Stock of the Issuer at a price of $.05 per
share utilizing a loan, in the principal amount of
$600,000, made pursuant to a Promissory Note dated
April 25, 2001.  According to the terms and conditions
of the Promissory Note, Mr. Burke agreed to pay the
Company a principal sum of six hundred thousand
dollars ($600,000) together with interest on the unpaid
balance thereof at a rate of six percent (6%) per annum
with the principal of the note due in full by December
31, 2004.  No interest is accrued on the note until it is
paid.  The notes receivable are partial recourse notes in
that each investor is unconditionally obligated to pay
10% of the amount of their note in addition to the
return of the shares of common stock in the event of
default under the terms of the notes.






GLOBAL GENERAL TECHNOLOGIES, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS

NOTE 5 - CURRENT LIABILITIES

On October 12, 2004, pursuant to a Share Purchase
Agreement with Shmuel Shneibalg and Steven W.
Bingaman, Mr. Shneibalg and Mr. Bingaman were
issued 2,293,224 shares of common stock in exchange
for services.  Upon entering into this agreement,
$200,000 was deposited into an escrow account and
was to be used to pay the debt and expenses of the
Company.  This $200,000 was advanced to the
Company by Global General Technology ("GGT").  On
February 25, 2005, the Company entered into a Share
Exchange Agreement with GGT, whereby the
Company will acquire all of the issued and outstanding
shares of GGT in exchange for 15,000,000 shares of
the Company.  At the closing of this agreement, the
advance of $200,000 would be absorbed in the
acquisition.  In the event the share exchange does not
take place, the Company would owe the $200,000 to
GGT.  As of December 31, 2007 and 2006, the
advance of $200,000 is a current liability of the
Company.

 NOTE 6 - ADVANCES

On February 25, 2005, the Company entered into a
Share Exchange Agreement with Global General
Technologies, Inc. ("GTT"), whereby the Company was
to acquire all of the issued and outstanding shares of
GGT in exchange for 15,000,000 shares of the
Company.  In December 2005, Management
terminated the acquisition with GGT.  As part of the
agreement, the company advanced $480,000 to Global
General Technologies, Inc.(California).  As of
December 31, 2005, the advances are considered
uncollectible and were written off for the year ended
December 31, 2005.

NOTE 7 - INCOME TAXES

Deferred income tax assets consisted of the following:




December
31,


December
31,



2007


2006

Net operating loss
carryforwards

$
2,323,108


$
2,186,697

Less valuation allowance


(2,323,10
8
)


(2,186,69
7
)
Deferred income tax assets

$
-


$
-


The valuation allowance increased $136,411 in 2007
and increased $1,268,771 in 2006, respectively.  At
December 31, 2007, the Company has consolidated
net operating loss carryforwards for federal income tax
purposes of $7,646,523.  These net operating loss
carryforwards expire at various dates beginning in 2018
through 2027.  Due to the uncertainty with respect to
ultimate realization, the Company has established a
valuation allowance for all deferred income tax assets.

The provision for income taxes differs from the
amount computed using the federal US statutory
income tax rate as follows:


December
31,


December
31,



2007


2006

Provision (Benefit) at US
Statutory Rate

$
(227,198
)

$
(1,394,00
0
)
Net Operating Losses


-



-

Non-Deductible Expenses


90,787



125,229

Increase (Decrease) in
Valuation Allowance


136,411



1,268,771



$
-


$
-



GLOBAL GENERAL TECHNOLOGIES, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS

The Company evaluates its valuation allowance
requirements based on projected future
operations.  When circumstances change and causes a
change in management's judgment about the
recoverability of deferred tax assets, the impact of the
change on the valuation is reflected in current income.

NOTE 8 - NOTE PAYABLE

On July 15, 2006, the Company received a loan of
$207,727.  The loan is due on demand.  Interest of
10% per annum was imputed on the loan since there
was no stated interest rate.  At December 31, 2006, the
total amount due on this loan was $217,402, including
accrued interest of $9,675.  During the 1st quarter of
2007, the Company paid

NOTE 8 - NOTE PAYABLE (continued)
$24,639 towards this loan, which was the total cash
balance at December 31, 2006. During the 3rd and 4th
quarter of 2007, the Company issued 17,600,000
shares of common stock for the note payable and
accrued interest of $207,978 and additional interest
expense of $267,022.  At December 31, 2007 and
2006, the total amount due on this loan was $0 and
$217,402, respectively.

During the year ended December 31, 2007, the
Company received loans totaling $175,000.  The loans
carry an interest rate of 15% per annum and are due
December 8, 2008.  At December 31, 2007, the total
amount due on these notes was $186,793.

NOTE 9 - LONG TERM DEBT

At December 31, 2005, the Company had convertible
notes payable due totaling $387,500 as follows:




DECEMBER
31,
2005

8% Convertible Note due April 2007
Conversion price $.07

$
150,000

8% Convertible Note due April 2007
Conversion price $.50


237,500

Total Debt

$
387,500


During January and February 2006, the $387,500
balances of the Notes outstanding as of December 31,
2005 were converted into 2,546,429 shares of the
Company's common stock.

NOTE 10 - PURCHASE AGREEMENT

On January 19, 2007, the Company entered into a
Purchase Agreement with Greene Spring
Company.  Pursuant to such agreement, the Company
agreed to purchase 8,340,000 shares of its common
stock from Greene Spring Company, a Pennsylvania
corporation.  In consideration therefore, the Company
agreed to issue to Green Spring Company a convertible
promissory note, in the principal amount of $495,000,
payable on demand, with interest to accrue at the rate
of 1% per year.  The outstanding balance of the
promissory note shall be convertible, at the option of
the holder thereof, into shares of our common stock at
a rate of $0.04 per share.  Greene Spring Company
shall be permitted to convert only no more than a
maximum of $40,000 (convertible into 1,000,000
shares) per each calendar quarter commencing on April
18, 2007.  Such transactions were to be consummated
at a closing to be held no later than January 30,
2007.  However, as of March 15, 2008, such closing
had not yet occurred.




F - 13

GLOBAL GENERAL TECHNOLOGIES, INC.
(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

NOTE 11 - UNCERTAIN TAX POSITIONS

Effective January 1, 2007, the Company adopted the
provisions of FASB Interpretation No. 48, "Accounting
for Uncertainty in Income Taxes - an interpretation of
FASB Statement No. 109" ("FIN 48").  FIN 48
prescribes a recognition threshold and a measurement
attribute for the financial statement recognition and
measurement of tax positions taken or expected to be
taken in a tax return.  For those benefits to be
recognized, a tax position must be more-likely-than-not
to be sustained upon examination by taxing
authorities.  The adoption of the provisions of FIN 48
did not have a material impact on the company's
condensed consolidated financial position and results
of operations.  At January 1, 2007, the company had
no liability for unrecognized tax benefits and no
accrual for the payment of related interest.

Interest costs related to unrecognized tax benefits are
classified as "Interest expense, net" in the
accompanying consolidated statements of
operations.  Penalties, if any, would be recognized as a
component of "Selling, general and administrative
expenses."  The Company recognized $0 of interest
expense related to unrecognized tax benefits for the
year ended December 31, 2007.  In many cases the
company's uncertain tax positions are related to tax
years that remain subject to examination by relevant
tax authorities.  With few exceptions, the company is
generally no longer subject to U.S. federal, state, local
or non-U.S. income tax examinations by tax authorities
for years before 2003.  The following describes the
open tax years, by major tax jurisdiction, as of January
1, 2008:

United States (a)

2004 - Present

(a)	Includes federal as well as state or similar local
jurisdictions, as applicable.

NOTE 12 - CONTINGENCIES

On February 15, 2007, Blue Ridge Finance Company,
Inc. (the " Plaintiff" ) filed suit against Global General
Technologies, Inc. d/b/a Knowledge Transfer Systems,
Inc., and Steve Burke, Samuel Shneibalg, and Dr. Larry
Ball, in Case No. 06-CA-10493, in the Circuit Court for
the 9th Judicial Circuit, in and for Orange County,
Florida.

Steve Burke was the person from whom a controlling
interest in the Company  (then known as Knowledge
Transfer Systems, Inc.) was purchased in 2005 by Mr.
Shneibalg and others, Mr. Shneibalg thereafter became
an Officer/Director of the Company , and Mr. Ball also
became an Officer/Director of the Company.

The Complaint alleged (i) fraud and misrepresentation
based on certain loans, in unspecified amounts, made
from the Plaintiff to the Company which were allegedly
secured by shares of Common Stock owned of the
Company by Steve Burke, (ii) a violation of Florida's
security laws based on a scheme to exchange the
unspecified loan amount for the Common Stock, (iii)
breach of contract against GGT and Steve Burke for an
alleged Settlement Agreement that was not signed by
the parties thereto, and (iv) breach of promissory note
for monies due under a note that was not attached nor
identified in the Complaint.

The Company filed a Motion to Dismiss arguing that it
had insufficient contacts with the State of Florida to
satisfy the constitutional due process test with regarding
to jurisdiction, forum, and venue.

In March of 2007 each and every count of the
Complaint against the Company was dismissed by the
Court.

On June 12, 2007, the Plaintiff filed an Amended
Complaint, seeking a declaratory judgment against the
Company for enforcement of a Settlement Agreement,
which remains unsigned by each party, collectively.

The Plaintiff also re-alleged the same causes of action
as filed in the initial Complaint and also added Steven
Bingaman as a defendant. (Mr. Bingaman had worked
with Mr. Shneibalg in connection with the acquisition of
the controlling interest in the Company.)

The Defendants thereupon filed another Motion to
Dismiss for numerous reasons, including but not limited
to, lack of minimum contacts with the state of Florida,
failure of the Plaintiff to comply with Florida's long
arm statute, and lack of personal jurisdiction over each
Defendant. Although the Court has instructed both
Parties to conduct discovery on the issue of jurisdiction,
neither Party has done so yet.

A hearing date on the Defendant's Motion to Dismiss
has not been set by the Court.

As noted above, it is still the Company's position that it
(the Company) lacked sufficient contacts with the
State of Florida to satisfy the constitutional due process
test with regarding to jurisdiction, forum, and venue. As
also noted above, since the original Complaint rested
on jurisdictional allegations similar to those in the
Amended Complaint, and since the Original Complaint
was dismissed because these jurisdictional allegations
were found to be insufficient, the Company believes
that the Amended Complaint will be dismissed as well.

Although it is difficult to predict the amount or range of
potential loss, it is the Company's position that the
person responsible for the loss, if any, is Steve Burke, as
he is the person with whom the Plaintiffs dealt. While
no decision has been made as to whether or not to file a
Cross-Claim against Mr. Burke, the Company
anticipates defending the case as vigorously as it can,
and furthermore, there are no plans to attempt to reach
an out-of-court settlement.

Item  8.  Changes  In
and  Disagreements  with  Accountants  on  Accounting
  and Financial Disclosure

None.

Item 8A(T).  Controls and Procedures

Evaluation of Disclosure Controls and Procedures.

The management of the Company, including the
principal executive and financial officer, conducted an
evaluation of the effectiveness of the design and
operation of our disclosure controls and procedures as
defined in Exchange Act Rule 13a-15(e) and 15d-15(e)
as of December 31, 2007. Based on that evaluation,
the principal executive and financial officer concluded
that as of December 31, 2007, our disclosure controls
and procedures were effective to ensure (i) that
information required to be disclosed by us in the reports
we file or submit under the Exchange Act is recorded,
processed, summarized and reported within the time
periods specified in the SEC's rules and forms and (ii)
that information required to be disclosed in reports that
we file or submit under the Exchange Act is
accumulated and communicated to our management
including our chief executive and financial officer, to
allow timely decisions regarding required disclosure.

We maintain disclosure controls and procedures that
are designed to ensure that information required to be
disclosed in our reports filed pursuant to the Exchange
Act is recorded, processed, summarized and
reported within the time periods specified in the SEC's
rules, regulations and related forms, and that such
information is accumulated and communicated to our
principal executive officer and principal financial
officer, as appropriate, to allow timely decisions
regarding required disclosure.

As of December 31, 2007, we carried out an
evaluation, under the supervision and with the
participation of
our principal executive officer and our principal
financial officer of the effectiveness of the design and
operation of our disclosure controls and procedures.
Based on this evaluation, our principal executive
officer and our principal financial officer concluded
that our disclosure controls and procedures were
effective as of the end of the period covered by this
report.





GLOBAL GENERAL TECHNOLOGIES, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS

This annual report does not include an attestation
report of the Company's registered public accounting
firm regarding internalcontrols over financial reporting.
Mangement's report was not subject to attestation by
the Company's registered public accounting firm
pursuant to temporary rules of the Securities and
Exchange Commission that permit the Company to
provide only management's report in this annual
report.

Internal Controls Over Financial Reporting

There have not been any changes in the Company's
internal controls over financial reporting (as such term
is defined in Rules 13a-15(f) and 15d-15(f) under the
Exchange Act) during the Company's most recent
fiscal year that have materially affected, or are
reasonably likely to materially affect, the Company's
internal controls over financial reporting.


Item 8B.  Other Information

On January 19, 2007, the Company entered into a
Purchase Agreement with Greene Spring
Company.  Pursuant to such agreement, the Company
agreed to purchase 8,340,000 shares of its common
stock from Greene Spring Company, a Pennsylvania
corporation.  In consideration therefore, the Company
agreed to issue to Green Spring Company a convertible
promissory note, in the principal amount of $495,000,
payable on demand, with interest to accrue at the rate
of 1% per year.  The outstanding balance of the
promissory note shall be convertible, at the option of
the holder thereof, into shares of our common stock at
a rate of $0.04 per share.  Greene Spring Company
shall be permitted to convert only no more than a
maximum of $40,000 (convertible into 1,000,000
shares) per each calendar quarter commencing on April
18, 2007.  Such transactions were to be consummated
at a closing to be held no later than January 30,
2007.  However, as of June 30, 2008, such closing had
not yet occurred.

PART III

Item 9. Directors, Executive Officers, Promoters and
Control Persons; Compliance with Section 16(a) of the
Exchange Act

Set forth below is the name, age and present principal
occupation or employment, and material occupations,
positions, offices or employments for the past five
years of our current directors and executive officers.

Name
Age
Positions and Offices



Gary
T.
Stroud
63
President, Secretary, and Director

Mr. Stroud became the President, CEO, Secretary and a
Director of the Company as of January 30, 2008,
replacing Shmuel Shneibalg, the Company's previous
President.

Mr.  Stroud has been involved in the startup and
consolidation of the high technology, software and
internet industries companies for more than 25-years.

He started his career at the Hewlett Packard Company
in sales and marketing roles and then moved to Europe
for a number of years as a consultant heading up the
international business development for a division of
Siemens AG. In this capacity he spent a great deal of
time in the Middle East and Africa. Subsequent to this
project Siemens asked Stroud to provide consulting
services to break into the packet switching products to
the US Telcos (RBOCs).



During these projects Stroud established a reputation
for identifying and matching technologies which led to
consolidations and turnarounds Dowty /Datatel,
CheckMate Systems/Hugen Sweda (UK),
Datentechnik/Italtel (IT).

Stroud then participated in the growth of the Internet
based industry by leveraging EDI, Transaction Security
with Internet transport and founded ASEC Systems
focusing on electronic commerce applications in
Health, Trade & Transport, Secure Electronic Payments
and electronic based RFP/RFQ issues and response
system for inter-country government procurement
(NAFTA) this company was merged with Fischer
Security Systems.

Starting in 2000, he focused on the
telecom/wireless/advanced technology industries e.g.
Domain Dynamics Ltd., Signal Processing Applications
/ Voice Recognition and Authentication. He assisted in
raising 5m funding and as CEO identified and
engaged the management and staff for the North
American Division. In a follow-up project raised $2m in
funding for a wireless Open Outcry Trading System,
and as the CEO brought the product to fulfillment for
Chicago Board of Trade and negotiated the sale of the
system to CBOT. Additional transactions included
raising 2.5 Million dollars for an international web-
based catalogue service (EZY-Buy) for purchase and
delivery of products between Europe and North
America. Established contracts with US Postal Services,
US Customs, British Post, British Customs, Deutsch
Post and Customs for a rapid clearing of goods ordered
over the Internet, this company was sold to Rassa
Holdings of Argentina

More recently 2000, Stroud started AGV (Canada,
USA) and through this vehicle has been involved in
various consulting projects including restructuring of
business and technology structures for  stock
exchanges in the Caribbean, the sale of the DMDays
direct marketing conference to the DMA.

The director of the Company has been elected to serve
until the next annual meeting of stockholders and until
his successor has been elected and qualified. Officers
are appointed by the Board of Directors and serve at
the discretion of the Board. The Company is not aware
of any proceedings to which the Company's officer or
director, or any associate of any such officer or
director, is a party adverse to the Company or any of
the Company's subsidiaries or has a material interest
adverse to it or any of its subsidiaries.

Audit Committee Financial Expert. The Board of
Directors has not established an audit committee and
does not have an audit committee financial expert. The
Board is of the opinion that an audit committee is not
necessary since the Company has only one director
and to date, such director has been performing the
functions of an audit committee.

Code of Ethics. The Company has not adopted a Code
of Ethics because the Company has only one director.

Section 16(a) Beneficial Ownership Reporting
Compliance.

Section 16(a) of the Securities and Exchange Act of
1934, as amended, requires our directors and executive
officers and persons who beneficially own more than
10% of our Class A Common Stock to file initial
reports of ownership and changes in ownership with the
Securities and Exchange Commission. These persons
and entities are also required by Securities and
Exchange Commission regulations to furnish us with
copies of all Section 16(a) forms they file. We believe,
based solely on our review of the copies of such forms
and other written representations to us, that during the
fiscal year ended December 31, 2007, all reporting
persons complied with all applicable Section 16(a) filing
requirements, other than Shmuel Shneibalg and Greene
Spring Company.

Item 10.  Executive Compensation

Shmuel Shneibalg was our Chief Executive Officer,
President, and a Director from November 10, 2004,
until January 30, 2008. During such period, we  had no
other executive officers or directors. No options were
granted to our executive officer during the fiscal year
ended December 31, 2007, and Mr. Shneibalg did not
have an employment agreement with the Company.




The following table sets forth information concerning
the compensation paid or earned during the fiscal years
ended December 31, 2007 and 2006 for services
rendered to our Company in all capacities by the
following persons: (i) all individuals who served as the
principal executive officer or acting in a similar
capacity during the fiscal year ended December 31,
2007, regardless of compensation level; (ii) all
individuals who served as officers at December 31,
2007 and whose total compensation during the fiscal
year ended December 31, 2007 exceeded $100,000;
and (iii) up to two additional individuals who served as
officers during the fiscal year ended December 31,
2007 and whose total compensation during the fiscal
year ended December 31, 2007 exceeded $100,000,
regardless of whether they were serving as officers at
the end of such fiscal year.

SUMMARY COMPENSATION TABLE
Nonqualified
Name
and
No
n-
Eq
uit
y
Defe
rred







princip
al
Sal
ary
Stoc
k
Opt
ion
Ince
ntive
Plan
Compe
nsation
All
Other
Tota
l


positio
n
Ye
ar
($)
Bon
us
($)
Awa
rds
($)
Awards
($)
Compe
nsation
($)
Earn
ings
($)
Compe
nsation
($)
($)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
Shmu
el
20
06
35,0
00
0
0
0
0
0
0
35,
00
0
Shneib
alg(1)
20
05
99,0
00
0
0
0
0
0
0
99,
00
0

(1) Shmuel  Shneibalg was our Chief
Executive  Officer,  President,  and a Director since
November 10, 2004.

Mr. Stroud is the President of AGV International
Canada Inc., ("AGV"), and the Company entered in to
a Services Agreement with AGV pursuant to which
AGV was assigned the tasks of (i) ascertaining the
relative marketability of GLGT's wholly owned
subsidiary, H7 Security Systems, Inc.'s ("H7") product,
know as the "Silent Soldier"; of (ii) analyzing  GLGT's
strategic position; of (iii) evaluating GLGT's assets; of
(iv) of developing strategic and operational
recommendations to optimize GLGT's position; and of
(v) conducting due diligence into the affairs of
SmartWear Technologies ("SmartWear"), with whom
we have entered into an agreement to acquire its assets
in exchange for 10,000,000 shares of our Preferred
Stock.

As compensation for AGV's services provided under
this Agreement, the Company has agreed to pay to
AGV the following:

       (i)          $12,500;

       (ii)        $1,000 per day for Due Diligence
activities; and

       (iii)         1,000,000 shares of our Common
Stock.

Details of these transactions are set forth in Forms 8-K
filed by us on February 12, 2008, February 19, 2008,
and April 4, 2008.

Outstanding Equity Awards

As of December 31, 2007, our sole director and
executive officer did not hold any unexercised options,
stock that had not vested, or equity incentive plan
awards.

Compensation of Directors

Except as described above under the section entitled
"Summary Compensation," our sole director did not
earn any compensation during the fiscal year ended
December 31, 2007.

Item 11.  Security Ownership of Certain Beneficial
Owners and Management

The following table lists, as of December 31, 2007, the
number of shares of Common Stock beneficially
owned by (i) each person or entity known to our
Company to be the beneficial owner of more than 5%
of the outstanding common stock; (ii) each officer and
director of our Company; and (iii) all officers and
directors as a group. Information relating to beneficial
ownership of common stock by our principal
shareholders and management is based upon
information furnished by each person using "beneficial
ownership" concepts under the rules of the Securities
and Exchange Commission. Under these rules, a person
is deemed to be a beneficial owner of a security if that
person has or shares voting power, which includes the
power to vote or direct the voting of the security, or
investment power, which includes the power to vote or
direct the voting of the security. The person is also
deemed to be a beneficial owner of any security of
which that person has a right to acquire beneficial
ownership within 60 days. Under the Securities and
Exchange Commission rules, more than one person
may be deemed to be a beneficial owner of the same
securities, and a person may be deemed to be a
beneficial owner of securities as to which he or she may
not have any pecuniary beneficial interest. Except as
noted below, each person has sole voting and
investment power.

The  number  of  shares  outstanding  of
the  issuer's  class  of  common  stock outstanding as of
December 31, 2007, was 76,376,995 shares. Unless
otherwise indicated, the business address of each such
person is c/o Global General Technologies, Inc., 201
South Biscayne Boulevard, 28th Floor Miami Center,
Miami, FL 33131.

Officers, Directors, 5%
Shareholders
No. of Shares
Beneficial
Ownership



None





Shmuel Shneibalg
3,093,224  Share
s
4 %



All directors and
executive officers as a
group
3,093,224 Shares
4 %

Securities authorized for issuance under equity
compensation plans.

The Company has no equity compensation plans.

Item 12.  Certain Relationships and Related
Transactions; Director Independence

Certain Relationships and Related Transactions

On March 30, 2006, the initial five stockholders of H7
Security Systems, Inc., including Shmuel Shneibalg, the
Chief Executive Officer, President and sole director of
the Company, exchanged their shares of H7 Security
Systems, Inc. for shares of Common Stock of the
Company, so that H7 Security Systems, Inc. became a
wholly-owned subsidiary of the Company. Mr.
Shneibalg received 1,000,000 shares of Common Stock
in exchange for his shares of H7 Security Systems, Inc.

On January 19, 2007, the Company entered into a
Purchase Agreement with Greene Spring
Company.  Pursuant to such agreement, the Company
agreed to purchase 8,340,000 shares of its common
stock from Greene Spring Company, a Pennsylvania
corporation.  In consideration therefore, the Company
agreed to issue to Green Spring Company a convertible
promissory note, in the principal amount of $495,000,
payable on demand, with interest to accrue at the rate
of 1% per year.  The outstanding balance of the
promissory note shall be convertible, at the option of
the holder thereof, into shares of our common stock at
a rate of $0.04 per share.  Greene Spring Company
shall be permitted to convert only no more than a
maximum of $40,000 (convertible into 1,000,000
shares) per each calendar quarter commencing on April
18, 2007.  Such transactions were to be consummated
at a closing to be held no later than January 30,
2007.  However, as of March 15, 2008, such closing
had not yet occurred.

Director Independence

None of our directors is "independent" as that term is
defined under the rules of the Securities and Exchange
Commission.


Item 13.  Exhibits

Exhibit
No.
Description
3.1
Articles of Incorporation (1)
3.2
Bylaws
4.1
Specimen common stock certificate(1)
21.1
Subsidiaries
31.1
Rule 13a-14(a)/15d14(a) Certification
31.2
Rule 13a-14(a)/15d14(a) Certification
32.1
Section 1350 Certifications


(1) Previously filed with the Company's Registration
Statement on Form 10-SB, filed with the SEC on
December 9, 1999, as amended on March 1, 2000 and
March 29, 2000

Item 14.  Principal Accountant Fees and Services

Robison, Hill & Company served as the Company's
principal accountant during the years ended December
31, 2007 and December 31, 2006. Their pre-approved
fees billed to the Company are set forth below:



Fiscal
year
ended


Fiscal
year
ended



December
31, 2007


December
31, 2006

Audit Fees

$
20,159


$
26,630

Audit Related Fees

$
-


$
-

Tax Fees

$
254


$
150

All Other Fees

$
20,413


$
26,780


Audit Fees consists of fees billed for professional
services rendered for the audits of our consolidated
financial statements, reviews of our interim
consolidated financial statements included in quarterly
reports, services performed in connection with filings
with the Securities & Exchange Commission and
related comfort letters and other services that are
normally provided by Robison, Hill & Company in
connection with statutory and regulatory filings or
engagements.

Tax Fees consists of fees billed for professional services
for tax compliance, tax advice and tax planning. These
services include assistance regarding federal, state and
local tax compliance and consultation in connection
with various transactions and acquisitions.

As
of  December  31,  2007,  the  Company  did  not  have
 a  formal  documented pre-approval policy for the fees
of the principal accountant.














SIGNATURES


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

Dated: August 15, 2008


GLOBAL GENERAL TECHNOLOGIES, INC.

By:
/s/  Joseph K. Petter
Name
:
Joseph K. Petter
Title:
President,



(Principal Executive, Financial and Accounting
Officer)