<PAGE>
                        FORM 10-QSB
              SECURITIES AND EXCHANGE COMMISSION
                  Washington, D.C. 20549

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


For the Quarterly Period Ended: September 30, 2006
                               -------------------

Commission File Number: 0-17264
                        -------

               Alfa International Holdings Corp.
    ----------------------------------------------------
   (Exact name of registrant as specified in its charter)


           Delaware                         20-2876380
---------------------------------      ---------------------
State or other jurisdiction             (I.R.S. Employer
of incorporation or organization)      Identification Number)


      350 Fifth Avenue, Suite 1103, New York, N.Y. 10118
     ---------------------------------------------------
            (Address of principal executive offices)


                      (212) 563-4141
    --------------------------------------------------
   (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15 (d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.   [x] Yes   [ ] No

As of November 19, 2006, the registrant had outstanding
30,924,395 shares of Common Stock, par value $.001 per share.

                            (1)
<PAGE>

            ALFA INTERNATIONAL HOLDINGS CORP.
                         INDEX


FORWARD-LOOKING STATEMENTS

             PART I - FINANCIAL INFORMATION

ITEM 1:     FINANCIAL STATEMENTS


    CONSOLIDATED BALANCE SHEETS:
    SEPTEMBER 30, 2006 AND DECEMBER 31, 2005


    CONSOLIDATED STATEMENTS OF OPERATIONS:
    THREE MONTHS ENDED SEPTEMBER 30, 2006 AND SEPTEMBER 30, 2005
    NINE  MONTHS ENDED SEPTEMBER 30, 2006 AND SEPTEMBER 30, 2005


    CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY:
    NINE MONTHS ENDED SEPTEMBER 30, 2006


    CONSOLIDATED STATEMENTS OF CASH FLOWS:
    NINE MONTHS ENDED SEPTEMBER 30, 2006 AND SEPTEMBER 30, 2005


    NOTES TO FINANCIAL STATEMENTS



ITEM 2:  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS

ITEM 3:  CONTROLS AND PROCEDURES

             PART II - OTHER INFORMATION

ITEM 6:  EXHIBITS AND REPORTS ON FORM 8-K

         SIGNATURES


                            (2)
<PAGE>


Forward-Looking Statements

Some of the information contained in this Report may constitute
forward-looking statements or statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on current expectations and
projections about future events. The words "estimate", "plan",
"intend", "expect", "anticipate" and similar expressions are
intended to identify forward-looking statements which involve,
and are subject to, known and unknown risks, uncertainties and
other factors which could cause the Company's actual results,
financial or operating performance or achievements to differ
from forecasted future results, financial or operating
performance or achievements expressed or implied by such
forward-looking statements. Projections and assumptions
contained and expressed herein were reasonably based on
information available to the Company at the time so furnished
and as of the date of this filing. All such projections and
assumptions are subject to significant uncertainties and
contingencies, many of which are beyond the Company's control,
and no assurance can be given that the projections will be
realized. Potential investors are cautioned not to place undue
reliance on any such forward-looking statements, which speak
only as of the date hereof. The Company undertakes no obligation
to publicly release any revisions to these forward-looking
statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.
















                            (3)
<PAGE>
<TABLE>

       ALFA INTERNATIONAL HOLDINGS CORP. AND SUBSIDIARIES
                 CONSOLIDATED BALANCE SHEETS


<CAPTION>
                                September 30,       December 31,
                                     2006               2005
     ASSETS                     ------------       ------------
                                  (Unaudited)         Note 1
<S>                              <C>               <C>
CURRENT ASSETS:

Cash                                $   1,812         $ 41,566
Accounts receivable                    69,888            2,630
Inventories                            38,707            1,420
Prepaid expenses and other
  current assets                          981           20,502
                                     --------         --------
        Total Current Assets          111,388           66,118
                                     --------         --------
PROPERTY AND EQUIPMENT:
  Office & Computer Equipment         104,292          100,398
  General Plant                        17,799           17,799
  Furniture & Fixtures                 15,951           15,951
  Leasehold Improvements                  866              866
                                     --------         --------
                                      138,908          135,014
  Less:  Accumulated depreciation
    And amortization                 (119,289)        (107,337)
                                     --------         --------
                                       19,619           27,677
                                     --------         --------
OTHER ASSETS:
Other assets                           13,749           13,514
                                     --------         --------

Total Assets                        $ 144,756        $ 107,309
                                     --------         --------






LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:

Accounts payable                    $ 272,536         $387,245
Customer Deposits                         -             28,168
Accrued officer payroll               195,632          174,923
Accrued expenses and other
  current liabilities                  19,876           66,546
Dividends payable                      36,498           42,983
Due to Officers                       119,898              -
                                     ---------        --------
        Total Current Liabilities     644,440          699,865
                                     ---------        --------



LONG-TERM LIABILITIES:

  Convertible Debentures, net of
    Discounts                         198,386           18,341
  Accrued Interest payable on
    Convertible Debentures             35,067            1,575
                                    ---------         --------
                                      233,453           19,916
                                    ---------         --------
TOTAL LIABILITIES:                    877,893          719,781



COMMITMENTS
















STOCKHOLDERS' EQUITY:
  Preferred stock:
  $0.001 par value
  Authorized - 1,000,000 shares
  Undesignated preferred stock:
  Authorized - 850,000 shares:
    Issued and outstanding - none
  Series B preferred stock:
  Authorized-150,000 shares:
    Issued and outstanding 87,312
  and 107,100 shares, respectively         87              107
Common stock - $ .001 par value
 Authorized - 50,000,000 shares
 Issued and outstanding 30,166,819
  and 28,389,587 shares,
  respectively                         30,167           28,390
Capital in excess of par value     14,200,204       13,977,789
Retained earnings (deficit)       (14,963,595)     (14,618,758)
                                   ----------        ----------
Total Stockholders' Deficiency       (733,137)        (612,472)
                                   ----------        ---------
  Total Liabilities and
Stockholders' Equity               $  144,756        $ 107,309
                                    ---------        ---------







<FN>
See accompanying notes to consolidated financial statements.


</FN>
</TABLE>


                            (4)






<PAGE>
<TABLE>
                    ALFA INTERNATIONAL HOLDINGS CORP. AND SUBSIDIARIES
                           CONSOLIDATED STATEMENTS OF OPERATIONS
                         ------------------------------------------
                                              (UNAUDITED)                (UNAUDITED)
<CAPTION>
                                        THREE MONTHS ENDED           NINE MONTHS ENDED
                                           September 30,                September 30,
                                       ----------------------      ----------------------
                                          2006          2005          2006        2005
                                          ----          ----          ----        ----
<S>                                  <C>           <C>           <C>          <C>
REVENUES:
Net sales                             $   99,359    $  107,703    $  128,563   $  152,537
Settlement of Dispute                          -             -     1,000,000            -
                                       ---------     ---------     ---------    ---------
Total revenues                            99,359       107,703     1,128,563      152,537
                                       ---------     ---------     ---------      -------
COSTS AND EXPENSES:
Cost of sales                             79,975        87,749        91,979      148,343
Selling, general and administrative      269,380       151,920     1,242,033      370,719
                                         -------       -------     ---------      -------
Total costs and expenses                 349,355       239,669     1,334,012      519,062
                                         -------       -------     ---------      -------

Operating loss                         (249,996)     (131,966)     (205,449)    (366,525)
Interest income                             459            91           492          182
Interest expense                        (29,625)           -       (103,382)           -
                                        ---------     ---------     ---------    --------
NET LOSS                             $ (279,162)   $ (131,875)   $ (308,339)  $ (366,343)
                                       ---------     ---------     ---------    ---------


PREFERRED STOCK DIVIDENDS            $    7,057    $   53,447    $   36,498   $  161,947
                                       ---------     ---------     ---------    ---------

NET LOSS APPLICABLE TO
COMMON STOCKHOLDERS                  $ (286,219)   $ (185,322)   $ (344,837)  $ (528,290)
                                       ---------    ----------    -----------  ----------


NET LOSS PER COMMON SHARE:

BASIC                                 $    (.01)    $    (.01)     $ (.01)      $  (.04)
                                       ---------     ---------    ----------   ----------

DILUTED                               $    (.01)    $    (.01)     $ (.01)      $  (.04)
                                       ---------     ---------    ----------   ----------


WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:

BASIC                                 29,806,552    12,003,808    29,334,026   11,771,056
                                      ----------    ----------   ----------   -----------

DILUTED                               29,806,552    12,003,808    29,334,026   11,771,056
                                      ----------    ----------   ----------   -----------



<FN>
See accompanying notes to consolidated financial statements.
</FN>

</TABLE>

                            (5)
<PAGE>
<TABLE>
                  ALFA INTERNATIONAL HOLDINGS CORP. AND SUBSIDIARIES
              CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
              ----------------------------------------------------------
                                  (UNAUDITED)

<CAPTION>
                    Common Stock           Preferred Stock
                  ----------------         ---------------    Capital in      Retained
                                Par                   Par      Excess of      Earnings
                  Shares        Value      Shares   Value     Par Value       (Deficit)
                  ------      --------     ------   -----     ---------     ---------

<S>             <C>         <C>          <C>      <C>       <C>             <C>

Balances At
December 31,
2005            28,389,587  $  28,390    107,100  $  107    $13,977,789     $(14,618,758)

Issuance of
common stock
for cash            50,000         50                            19,950

Issuance of
common stock
upon conversion
of debentures      719,570        720                            61,347

Conversion of
preferred stock
for common stock   791,500        791    (19,788) $  (20)   $      (771)               -


Issuance of
preferred stock
dividends in
common stock       216,162        216          -       -         42,767                -

Stock option
expense                  -          -          -       -         46,344                -

Beneficial conversion
feature of convert-
ible debenture           -          -          -       -         52,778                -

Preferred stock
dividends                -          -          -       -              -          (36,498)


Net loss                 -          -          -       -              -         (308,339)
                ----------  ---------    -------  ------    -----------      -----------

Balances At
Sept. 30, 2006  30,166,819  $  30,167     87,312  $   87    $14,200,204     $(14,963,595)
                ----------  ---------    -------  ------    -----------      -----------



<FN>
See accompanying notes to consolidated financial statements.
</FN>
</TABLE>
                                             (6)




<PAGE>
<TABLE>
                    ALFA INTERNATIONAL HOLDINGS CORP. AND SUBSIDIARIES
                         CONSOLIDATED STATEMENTS OF CASH FLOWS
                   ----------------------------------------------------
                                   (UNAUDITED)
<CAPTION>
                                                         Nine Months Ended
                                                           September 30,
                                                        ------------------
                                                       2006          2005
                                                       ----          ----
<S>                                               <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

  Net Loss                                        $ (308,339)   $ (366,343)
  Adjustments to reconcile net loss to net
     cash flows from operating activities:
  Depreciation and amortization                       81,842        11,251
  Stock based compensation expense related
     to stock options                                 46,344             -
  Stock issued for consulting fees                         -        21,750
  Changes in operating assets and liabilities:
     Accounts receivable                             (67,258)      (73,216)
     Inventories                                     (37,287)      (20,719)
     Prepaid expenses and other current assets        19,521         5,494
     Other assets                                       (235)       (1,000)
     Customer Deposits                               (28,168)       43,212
     Accounts payable                               (114,709)        2,222
     Accrued expenses and other current liabilities  (46,670)       53,870
     Accrued officer payroll                          20,709             -
     Accrued interest payable                         33,492             -
                                                    ---------      ---------
  Net cash flows from operating activities          (400,758)     (323,479)
CASH FLOWS FROM INVESTING ACTIVITIES:
  Acquisitions of property and equipment              (3,894)       (1,755)
                                                      ---------     ---------
  Net cash flows from investing activities            (3,894)       (1,755)

CASH FLOWS FROM FINANCING ACTIVITIES:

  Loans from Officers                                119,898             -
  Proceeds from issuance of common stock              20,000       303,715
  Proceeds from issuance of preferred stock                -        29,000
  Proceeds from issuance of debenture                225,000             -
  Advances from affiliate                                  -        (4,849)
                                                     --------     --------
  Net cash flows from financing activities           364,898       327,866

NET CHANGE IN CASH AND EQUIVALENTS                   (39,754)        2,632
                                                     --------     --------
CASH AND EQUIVALENTS, BEGINNING OF PERIOD             41,566           -
                                                     --------     --------
CASH AND EQUIVALENTS, END OF PERIOD                  $ 1,812     $   2,632
                                                     --------    ---------
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid                                    $   -       $     -
                                                     ---------   ---------
Interest paid                                        $   -       $     -
                                                     ---------   ---------
NON-CASH FINANCING ACTIVITIES:
Preferred stock dividends                            $ 36,498     $ 161,947
                                                    ---------      --------
<FN>
See accompanying notes to consolidated financial statements.
</FN>
</TABLE>
                                             (7)


<PAGE>


       ALFA INTERNATIONAL HOLDINGS CORP. AND SUBSIDIARIES
            NOTES TO CONSOLIDATED (UNAUDITED) INTERIM
                    FINANCIAL STATEMENTS



NOTE 1 - BASIS OF PRESENTATION


The consolidated balance sheet for Alfa International Holdings
Corp. ("Alfa" or the "Company") at the end of the preceding
fiscal year has been derived from the audited balance sheet and
notes thereto contained in the Company's annual report on Form
10-KSB/A for the Company's fiscal year ended December 31, 2005
and is presented herein for comparative purposes. All other
financial statements are unaudited. In the opinion of
management, all adjustments, which include only normal recurring
adjustments necessary to present fairly the financial position,
results of operations and cash flows for all periods presented,
have been made.

The results of operations for the interim periods presented
herein are not necessarily indicative of operating results for
the respective full years. As of the date of this report the
Company has three wholly-owned subsidiaries through which it
conducts all operations. All inter-company transactions have
been eliminated in the consolidated financial statements.

Certain footnote disclosures normally included in financial
statements prepared in accordance with accounting principles
generally accepted in the United States have been omitted in
accordance with the published rules and regulations of the
Securities and Exchange Commission. These financial statements
should be read in conjunction with the financial statements and
notes thereto included in the Company's annual report on Form
10-KSB/A for the fiscal year ended December 31, 2005.

Net Profit (Loss) Per Share - Basic and diluted profit (loss)
per share are based upon the weighted-average number of common
shares outstanding during the period. The computation of diluted
earnings per share does not assume the conversion, exercise or
contingent issuance of securities that would have a dilutive
effect on loss per share.
                            (8)
<PAGE>
Principles of Consolidation - The consolidated financial
statements include the accounts of Alfa and its wholly-owned
subsidiaries, Contact Sports, Inc. ("Contact Sports"), Ty-
Breakers Corp. ("Ty-Breakers") and Journey of Light, Inc.
("JOL"), collectively referred to as the "Company". All inter-
company transactions have been eliminated in consolidation.

NOTE 2 - STOCK-BASED COMPENSATION


On January 1, 2006, we adopted Financial Accounting Standards
No. 123 (revised 2004), Share-Based Payment (FAS 123(R)), that
addresses the accounting for share-based payment transactions in
which an enterprise receives employee services in exchange for
either equity instruments of the enterprise or liabilities that
are based on the fair value of the enterprise's equity
instruments or that may be settled by the issuance of such
equity instruments.

The statement eliminates the ability to account for share-based
compensation transactions, using the intrinsic value method as
prescribed by Accounting Principles Board, or APB, Opinion No.
25, Accounting for Stock Issued to Employees, and generally
requires that such transactions be accounted for using a fair-
value-based method and recognized as expenses in our
consolidated statement of income.

We adopted FAS 123 (R) using the modified prospective method
which requires the application of the accounting standard as of
January 1, 2006. Our consolidated financial statements as of and
for the second quarter of 2006 reflect the impact of adopting
FAS 123 (R). In accordance with the modified prospective method,
the consolidated financial statements for prior periods have not
been restated to reflect, and do not include, the impact of FAS
123 (R).

For stock-based awards granted, we have recognized compensation
expense based on the estimated grant date fair value method
using the Black-Scholes valuation model. For these awards, we
have recognized compensation expense using a straight-line
amortization method. FAS 123 (R) requires that stock-based
compensation expense be based on awards that are ultimately
expected to vest. The impact on our results of operations for
recording stock-based compensation for the nine month period
ended September 30, 2006 amounted to $46,344.
                            (9)
<PAGE>

The following table illustrates the effect on results of
operations if the Company had applied the fair-value-
recognition provisions of SFAS No. 123(R) for the three and
nine-month periods ended September 30, 2005 (unaudited):

                            (10)





<PAGE>
<TABLE>
<CAPTION>

                                     Three Months Ended         Nine Months Ended
                                        September 30              September 30
                                     ------------------         ------------------
2005                       2005
                                     ------------------         ------------------
<CAPTION>

<S>                                   <C>                    <C>

Net loss applicable to common
 shareholders, as reported              $(185,322)             $(528,290)
Deduct:
Total stock-based employee
 compensation determined under
 fair value method for stock
 options, net of tax                     (  5,600)              ( 16,800)
                                        ---------              ---------
Pro forma loss applicable
 to common stockholders                 $(190,922)             $(545,090)
                                        =========              =========
Basic loss per share, as reported       $  (0.01)              $  (0.04)
                                        =========              =========
Basic loss per share, pro forma         $  (0.02)              $  (0.05)
                                        =========              =========
Diluted loss per share, as reported     $  (0.01)              $  (0.04)
                                        =========              =========
Diluted loss per share, pro forma       $  (0.02)              $  (0.05)
                                        =========              =========
</TABLE>
                            (11)


<PAGE>
NOTE 3  - GOING CONCERN AND LIQUIDITY

The Company has incurred significant operating losses and is in
a weak financial position, raising substantial doubt about its
ability to continue as a going concern. The continued existence
of the Company is dependent upon its ability to attain
profitable operations or to obtain additional financing.

NOTE 4 - JOURNEY OF LIGHT, INC.

On October 11, 2005 the Company acquired JOL as a wholly owned
subsidiary. JOL is engaged primarily in the business of real
estate development in the country of Oman. In connection with
the acquisition of JOL, Alfa issued 16,284,278 shares of its
Common Stock and 984,235 warrants exercisable into Alfa Common
Stock at prices ranging from $1.00 to $8.00 per share to the
shareholders and warrant holders of JOL in exchange for all of
the outstanding capital stock of JOL. Prior to the acquisition,
Alfa had outstanding 12,053,565 shares of Common Stock, 108,350
shares of preferred stock convertible into 4,334,000 shares,
stock options exercisable into 1,265,000 shares of Common Stock
at prices ranging from $0.10 to $1.00 per share, and warrants
exercisable into 4,870,500 shares of Common Stock at prices
ranging from $0.14 to $0.75 per share - a total of 22,523,065
shares of Common Stock and Common Stock equivalents. Alfa's
board of directors and senior management did not change as a
result of the acquisition of JOL and terms of the acquisition
reflected the existence of the Common Stock equivalents
associated with Alfa's preferred stock. Accordingly, Alfa has
been considered the acquirer for accounting purposes.

The operating results of JOL have been included in the Company's
consolidated financial statements from the date of acquisition.
Had the acquisition occurred December 31, 2004, proforma net
sales, net loss, and diluted loss per share for the nine months
ended September 30, 2005 would have been $152,719, $(529,932),
and $(0.02), respectively.

NOTE 5  - CONVERTIBLE DEBENTURES:

On January 24, 2006, Alfa issued an additional convertible
debenture ("Debenture") in the face amount of $250,000 to an
investor in exchange for $225,000, net of fees. The two

                            (12)

<PAGE>
Debentures accrue interest at 10% per annum and are payable on
or before December 7, 2008 and January 23, 2009 respectively.
The holder has the option, at any time, to convert the then
outstanding balance of the Debentures together with accrued and
unpaid interest thereon into shares of Alfa's Common Stock at a
price per share equal to 90% of the lowest volume weighted
average price of Alfa's Common Stock during the fifteen trading
days immediately preceding the conversion date, subject to
certain adjustments.

As of September 30, 2006, the holder of the Debentures converted
$150,000 of the Debentures into a total of 719,570 shares of
Alfa's Common Stock. As of November 19, 2006 the holder of the
Debentures converted an additional $75,000 of the Debentures
into a total of 757,576 shares of Alfa's Common Stock. As of
November 19, 2006 a total of $225,000 of the Debentures have
been converted into a total of 1,477,146 shares of Alfa's
Common Stock.

Convertible Debentures
  consist of:
                          September 30, 2006   December 31, 2005
                          ------------------   -----------------
                                (Unaudited)
Convertible Debentures -
  Face amount                    $ 350,000           $ 250,000

Debt Discounts - beneficial
  conversion feature, net of
  accumulated   amortization
  of $31,072 and $2,777,
  respectively                    (90,475)           (129,431)

Debt Discounts - value
  attributable to warrant issued,
  net of accumulated amortization
  of $11,288 and $1,458,
  respectively                     (30,365)            (67,963)

Debt Discounts - placement costs
  and fees paid to lender and
  affiliate of lender, net of
  accumulated   amortization of
  $10,226 and $735, respectively   (30,774)            (34,265)
                                  ---------            --------
                            (13)
<PAGE>

Convertible Debentures,
  net of discounts               $ 198,386            $ 18,341
                                 =========            ========

In accordance with Emerging Issues Task Force Issue 98-5,
Accounting for Convertible Securities with a Beneficial
Conversation Feature or Contingently Adjustable Conversion
Ratios ("EITF 98-5"), Alfa recognized an imbedded beneficial
conversion feature present in the Debentures. Alfa allocated a
portion of the proceeds equal to the intrinsic value of that
feature to capital in excess of par value. Alfa measured an
aggregate of $184,986 ($132,208 on the first Debenture and
$52,778 on the second Debenture) of the proceeds, which is equal
to the intrinsic value of the imbedded beneficial conversion
feature, and recognized it as capital in excess of par value and
as a discount against the debenture. The discount is amortized
over the convertible Debenture's maturity period (three years)
as interest expense.

In connection with the issuance of the first Debenture on
December 8, 2005, Alfa issued a warrant granting the holder the
right to acquire 257,732 shares of Alfa's Common Stock at an
exercise price of $.97 per share, subject to certain
adjustments.

In accordance with Emerging Issues Task Force Issue 00-27,
Application of Issue No. 98-5 to Certain Convertible Instruments
("EITF - 00-27"), Alfa recognized the value attributable to the
warrant in the amount of $69,421 to capital in excess of par
value and a discount against the Debenture. Alfa valued the
warrant in accordance with EITF 00-27 using the Black-Scholes
pricing model and the following assumptions: contractual terms
of five years, an average risk free interest rate of 4.42%, a
dividend yield of 0% and volatility of 176%. The debt discount
attributed to the value of the warrant issued is amortized over
the convertible Debenture's maturity period (three years) as
interest expense.

NOTE 6 - SERIES B REDEEMABLE CONVERTIBLE PREFERRED STOCK:

Alfa has designated 150,000 shares of its $0.001 par value
preferred stock as "Series B Preferred Stock". The face value of
the Series B Preferred Stock is $40 per share and dividends

                            (14)
<PAGE>

accrue at 5.0% per annum. Each share of the Series B Preferred
Stock is convertible at the option of the holder, at any time,
into 40 shares of Common Stock. Accrued dividends shall, at the
Company's option, be paid in cash or in shares of Common Stock
valued at $1.00 per share. The expiration date for the 4,100,500
common stock purchase warrants held by holders of Series B
Preferred Stock is April 30, 2007.

At any time after twelve months from the date of issue, the
Company may redeem all or any number of the Series B Preferred
Stock then outstanding for $40 per share in cash or in exchange
for Common Stock valued at $1.00 per share. The Series B
Preferred Stock has been excluded from the computation of
diluted earnings per share for the three and nine month periods
ended September 30, 2006 and 2005, as the conversion would be
anti-dilutive after adding back preferred stock dividends to the
net loss for such periods.



























                            (15)
<PAGE>



NOTE 7 - STOCK OPTIONS AND WARRANTS


<TABLE>

The following is a summary of stock option and warrant activity
for the nine months ended September 30, 2006:

<CAPTION>
                                     Stock Options      Warrants
                                     -------------      --------


<S>                                 <C>              <C>


Outstanding at January 1, 2006         1,465,000     6,112,467
Granted and Issued                           -               -
Exercised                                    -               -
Forfeited/expired/cancelled             (250,000)   (1,577,000)
                                      ----------     ---------

Outstanding at September 30, 2006      1,215,000     4,535,467
                                      ----------     ---------

Exercisable at September 30, 2006      1,155,000     4,535,467

                                      ----------     ---------



</TABLE>








                           (16)




<PAGE>
<TABLE>
Stock options outstanding at September 30, 2006 (all non-qualified) consist of:
<CAPTION>

<C>           <C>               <C>                 <C>             <C>

   Year           Number            Number            Exercise           Expiration
 Granted        Outstanding       Exercisable          Price                Date

  1997           125,000            125,000           $ .10           November 5, 2007
  2001           750,000            750,000           $ .25           August 31, 2011
  2004            60,000             60,000           $ .17           October 31, 2009
  2005            50,000             50,000           $ .10           January 30, 2007
  2005            30,000             20,000           $1.00           June 30, 2010
  2005           200,000            150,000           $ .82           December 14, 2010
               ---------          ----------
 Totals        1,215,000          1,155,000
               =========          ==========

</TABLE>

The 10,000 unvested options relating to the 2005 grant are
scheduled to vest on July 1, 2007. The 50,000 unvested options
relating to another 2005 grant are scheduled to vest on
December 15, 2006. As of September 30, 2006, there was
$18,971 of total unrecognized compensation cost related to
un-expensed stock options. That cost is expected to be
recognized $10,447 in the remainder of the year ended
December 31,2006, and $6,469 in 2007, and $2,055 in 2008.



                           (17)
<PAGE>

<TABLE>


Warrants outstanding at September 30, 2006 consist of:

<CAPTION>

<C>         <C>             <C>          <C>       <C>

  Year        Number         Number       Exercise     Expiration
 Issued     Outstanding      Exercisable     Price          Date

 2002-2005  4,100,500       4,100,500      $ .75     April 30, 2007
   2005        20,000          20,000        .20     December 19, 2007
   2005        62,235          62,235       1.00     June 8, 2007
   2005        95,000          95,000       8.00     11/22/2006 to February 3, 2007
   2005       257,732         257,732        .97     December 7, 2010
            ---------       ---------

 Totals     4,535,467       4,535,467
            =========       =========


</TABLE>


                            (18)


<PAGE>
NOTE 8 - COMMITMENTS

Leases

The Company leases its executive office in New York, N.Y. under
a ten-year lease entered into in February 2003. Contact also
rents warehouse space in Jersey City, New Jersey under a one
year lease which has expired and now continues on a month to
month basis. At September 30, 2006, the minimum future lease
payments are as follows:

2006                                 $  15,281
2007                                 $  51,800
2008                                 $  51,800
2009 and beyond                      $ 240,700

Employment Agreements

Alfa is obligated to pay its President and Chief Executive
Officer an annual base salary of $125,000 through December 31,
2010 plus an additional amount based on a combination of net
sales and earnings before taxes. The majority of salary payments
to this individual have been deferred and accrued, effective
October 1, 2004.

The Company had been obligated to employ Alfa's Vice-President
and Contact's Vice-President of Sales under separate agreements
with these two individuals. These two agreements have been
canceled and the individuals continue to perform services for
the Company as consultants. Employment agreements with these two
individuals may be renegotiated in the future depending upon the
Company's financial performance at the time. The terms of such
employment agreements, if any, cannot be determined at this
time.

Factoring Agreement

In March 2004 Contact entered into a one-year agreement (the
"Factoring Agreement") with a company ("Factor") specializing in
factoring accounts receivable. The Factoring Agreement
encompasses both USA sales and any foreign sales made by Contact
that Contact, in its sole discretion, chooses to assign to the
Factor. The Factoring Agreement allows Contact to be assured of
payment by the Factor of any accounts receivable assigned to the

                            (19)
<PAGE>
Factor, irrespective of whether or not Contact's customer
actually pays such account receivable to Contact. Contact has
agreed under the Factoring Agreement to pay the Factor an amount
equal to 1.5% of any account receivable Contact assigns to it
with the stipulation that the minimum monthly amount of such
payments will be at least $1,125. Any of Contact's accounts
receivable assigned to the Factor are maintained on Contact's
records as an account receivable until payment is received from
the Factor for such account receivable. All fees paid to the
Factor are expensed as incurred. The Factoring Agreement is
deemed renewed from year to year following the initial term
unless terminated with notice by either party. In March 2006
Contact gave such notice of termination to the Factor and
subsequently the Factor and Contact agreed to continue the
Factoring Agreement after March 2006 on a month-to-month basis,
but with no minimum guaranteed payments required to be made by
Contact.

In September 2006 Contact entered into a new six-month agreement
(the "New Agreement") with the Factor with terms identical to
the Factoring Agreement. The New Agreement also provides for
accounts receivable advances of a minimum of forty (40) percent
and a maximum of eighty (80) percent of the aggregate
outstanding receivables assigned to the Factor. Advances are
based on the Factor's formula and interest upon the daily net
balance of advances is charged at two percent (2%)above the Wall
Street Journal "Prime Rate" or "Base Rate' as the case may be,
currently eight and one-quarter percent (8.25%). The New
Agreement is deemed renewed from year to year following the
initial six-month term unless terminated with notice by either
party.


Financial Advisory Services Agreement

In February 2006, JOL entered into an agreement with
AmeriCapital Renaissance Group, LLC ("AmeriCapital"). The
preliminary agreement, subject to finalization, provides that
AmeriCapital will act as JOL's exclusive financial advisor for a
monthly service fee of $12,000 through January 2008. The
preliminary agreement also provides for certain transaction fees
to be paid to AmeriCapital in the event of certain sales or
financing events relating to JOL's proposed Omagine project. Mr.
Frank J. Drohan, president and director of Alfa, is a minority
shareholder and an officer and director of AmeriCapital.
                            (20)
<PAGE>

NOTE 9 - SEGMENT INFORMATION:

Alfa is a holding company that operates through its wholly owned
subsidiaries. Since its acquisition of Journey of Light, Inc.
("JOL") in October 2005, the Company reports results in two
business segments: real estate development and apparel.

The real estate development business of the Company is conducted
through its wholly owned subsidiary JOL which is in its initial
stages of business development. JOL is presently conducting
negotiations with the Government of Oman with respect to JOL's
proposed development of a tourism related project with a
construction cost of approximately $1.6 billion.

The apparel business of the Company is conducted primarily
through its wholly owned subsidiary - Contact Sports, Inc.
("Contact") and to a lesser extent through another of its wholly
owned subsidiaries - Ty-Breakers Corp. ("Ty-Breakers"). Contact
designs and markets athletic and lifestyle apparel products
under the "Contact Sports" label and markets "private-label"
products under the Ty-Breakers and other labels. All
manufacturing of Contact's apparel products is performed for
Contact by non-affiliated third party contractors.

Summarized financial information by business segment follows:

================================================================

                          Three Months Ended  Nine Months Ended
                          September 30, 2006  September 30, 2006
                          ------------------  ------------------
Revenue:
  Real Estate Development      $         -        $ 1,000,000
  Apparel                           99,359            128,563
                               -----------        -----------
Total                          $    99,359        $ 1,128,563
================================================================
Operating Expenses:
  Real Estate Development      $   107,572        $   661,288
  Apparel                          122,884            158,273
  Corporate                        118,899            514,451
                              ------------        -----------
Total                          $   349,355        $ 1,334,012
================================================================
                            (21)
<PAGE>

================================================================
Operating Income (Loss):
  Real Estate Development      $  (107,572)        $  338,712
  Apparel                          (23,525)           (29,710)
  Corporate                       (118,899)          (514,451)
                               -----------        -----------
Total                          $  (249,996)        $ (205,449)
                               -----------        -----------
================================================================

Identifiable Assets:
  Real Estate Development                         $     2,114
  Apparel                                             122,724
  Corporate                                            19,918
                                                  -----------
Total                                             $   144,756
================================================================

Capital Expenditures:
  Real Estate Development     $       -           $     3,894
  Apparel                             -                  -
  Corporate                           -                  -
                                -----------        -----------
Total                         $       -           $     3,894
================================================================

Depreciation and Amortization:
  Real Estate Development     $        234        $       702
  Apparel                             -                   -
  Corporate                         23,033             81,140
                                -----------        -----------
Total                         $     23,267        $    81,842
================================================================


Operating loss is total revenue less operating expenses, which
include cost of sales, selling, general and administrative
expenses, and other corporate expenses.

NOTE 10 - SETTLEMENT OF DISPUTE:

On May 1, 2006, JOL received $1,000,000 from the State of Qatar
in settlement of a dispute relating to an April 2003 agreement
to develop a project in Doha, Qatar.
                            (22)
<PAGE>

ITEM 2 -   Management's Discussion and Analysis of Financial
           Condition and Results of Operations

All of the Company's operations are conducted through its
wholly-owned subsidiaries, Contact Sports, Inc. ("Contact"), Ty-
Breakers Corp.("Ty-Breakers") and Journey of Light, Inc.
("JOL").


Critical Accounting Policies:
-----------------------------
Our financial statements have been prepared in accordance with
accounting principles generally accepted in the United States.
The preparation of these financial statements requires
management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and the 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. The policies discussed below are
considered by management to be critical to an understanding of
our financial statements because their application places the
most significant demands on management's judgment, with
financial reporting results relying on estimation about the
effect of matters that are inherently uncertain. Specific risks
for these critical accounting policies are described in the
following paragraphs. For all of these policies, management
cautions that future events rarely develop exactly as forecast,
and the best estimates routinely require adjustment.

Revenue Recognition. Revenue is recognized when goods are
shipped to customers from production facilities, the Company's
warehouse or outside warehouses. Goods shipped to customers on a
"consignment" or "guaranteed sale" basis are not booked as
revenue until payment for sale of such goods to third parties is
received by the Company.


Contact Sports
--------------

Contact had been in the business of designing, manufacturing and
marketing a line of fashion forward athletic and lifestyle
apparel (the "branded business"). The branded business was
discontinued during the third quarter of 2006.
                            (23)

<PAGE>

Contact has developed several product lines for sale to mid-tier
mass-market retailers (the "private-label business"). No
Contact Sports labels are used on products that are manufactured
and sold in the private-label business. The private-label
business consists primarily of outerwear products sold under the
Ty-Breakers label (which is owned by Alfa). Contact is, and,
subject to meeting its established sales targets by December 31,
2006, intends to continue to utilize its established overseas
manufacturing resources for its discontinued branded business to
create less expensive products and sell them to retail stores
under the Ty-Breakers label and in select cases under retailers'
own brand labels. To date Contact has received several such
private-label orders and all such private-label products sold
will be manufactured pursuant to specific purchase orders and no
unsold inventories will be maintained. Contact's backlog of
unfilled orders for private-label products as the date of this
Report is $65,000.

Management is concentrating its efforts on the continued
development and expansion of Contact's private-label business
and will no longer pursue its branded business nor brand
awareness. Over the past several years, management has
underestimated the difficulty and expense involved in launching
a new brand such as Contact. Past efforts to gain market
recognition and acceptance for the Contact brand have been
hindered by a lack of the necessary financial resources required
to continue the advertising and public relations efforts
essential to such an effort. The branded business has been
permanently discontinued and management now intends to focus all
of Contact's efforts exclusively on its private-label business.
No assurance can be given at this time that management's current
strategy will be effective or successful and management has set
fiscal year 2006 sales quotas and objectives for its private-
label business. If these 2006 sales quotas are not reached by
December 2006, it is likely that the private-label business will
also be discontinued and Contact will be sold or closed.

Alfa presently concentrates the majority of its efforts in two
principal areas: (1) the development and expansion of JOL's
business and (2) the development of Contact's private-label
business.

                            (24)

<PAGE>
JOURNEY OF LIGHT, INC.
---------------------
On October 11, 2005, Alfa completed the acquisition of JOL as a
wholly owned subsidiary. Prior to its acquisition by Alfa, JOL
was a privately-held company engaged primarily in the business
of real estate development in the country of Oman, which
business continues to date.

On August 1, 2005, the Ministry of Tourism (the "MOT")of the
Government of Oman (the "Government") and JOL signed a
memorandum of understanding ("MOU") memorializing the legal and
commercial aspects of a proposed real-estate project (the
"Omagine Project" or "Omagine") to be developed in Oman by a
company to be formed by JOL and the MOT (the "Project Company").

As part of its March 1, 2006 presentation to the Government,
JOL prepared an initial master plan and feasibility study for
Omagine. JOL engaged the services of Michael Baker Jr., Inc.
("Baker") as its Program Manager to assist and lead this
process. Baker (www.mbakercorp.com), which is headquartered in
Pittsburgh, PA, with offices throughout the U.S and abroad is
experienced in all aspects of design, program management and
construction management for large scale construction and
development projects of the magnitude of Omagine.

The March 1, 2006 presentation was favorably received and JOL
management promptly thereafter began discussions and
negotiations with Government officials (the "Discussions"),
which Discussions have, in the opinion of management, modified
the terms of the MOU in a positive fashion. The objective of the
Discussions is to arrive at the terms and conditions of a
"Development Agreement" between the Project Company and the
Government. Such Discussions are ongoing as of the date of this
Report and have not yet been concluded.

In September 2006 the MOT engaged the services of a third party
consultant to give an independent review of the financial
viability of the Landmark portion of the Omagine Project. The
consultant's report is due in early December. In October 2006
JOL received a communication from MOT indicating that,
"presupposing that the report from the consultant is positive,
we will be in a position to move to finalize the documentation".
JOL has no reason to believe that the consultant's report will
not be positive.
                            (25)

<PAGE>
As presently contemplated, the Development Agreement will govern
the design, development and construction of the Omagine Project
which will be owned and operated by the Project Company. The
Project Company is now contemplated to be 100% owned by JOL and
the Government will provide the Omagine Site to the Project
Company, but will not be a shareholder of the Project Company.

As of the date hereof, JOL has held advanced negotiations with
several substantial investors and contractors ("Investors")
active in the region with whom management has prior business
relationships and JOL is confident that suitable arrangements
will be made with one or more of such Investors. JOL is in final
negotiations with one such Investor and expects to finalize a
definitive agreement with such Investor shortly.

As of the date hereof, it is contemplated that, JOL will be the
majority shareholder of the Project Company and one or more
Investors will be minority shareholders of the Project Company.
As of the date hereof, such Discussions: (i) are ongoing and
non-binding and no assurance whatsoever can be given at this
time as to their eventual outcome, if any, (ii) will alter or
change some of the elements of the Omagine Project as presented
to the Government by JOL and, (iii) will alter or change some of
the terms and conditions of the MOU, and (iv) generally
contemplate the following:

Omagine is planned to be developed on 1 million square meters
(equal to approximately 245 acres) of contiguous beachfront
property facing the Gulf of Oman (the "Omagine Site") just west
of the capital city of Muscat and nearby the Seeb International
Airport. The value of the Omagine Site is expected to be
determined by a qualified independent real-estate appraisal. The
Project Company's ownership and use rights with respect to the
Omagine Site is presently planned to be represented by a
"Usufruct Agreement" wherein the Project Company will be granted
a fifty (50) year lease over the Omagine Site at very reasonable
rates. Unlike a standard lease however, a Usufruct Agreement,
specifically allows the Project Company to (i) pledge the
Omagine Site as collateral in any financing arrangements, and
(ii) sell (on a free and clear freehold basis) the land
underlying the Lease/Usufruct to third parties. As presently
contemplated the lease cost for the first five years of the
Usufruct (the construction period of the Omagine Project) will
be zero.
                            (26)

<PAGE>
Omagine is planned to be an integration of cultural, heritage,
educational, entertainment and residential components,
including: a "high culture" theme park containing seven pearl
shaped buildings, each approximately 60 feet in diameter (the
"Pearls") and associated exhibition buildings (collectively, the
"Landmark"); a five star resort hotel; a four star hotel; a
boardwalk; an open air amphitheater and stage; a canal and
enclosed harbor area; boat slips; commercial office buildings;
shopping and retail establishments; restaurants and open space
green areas. Additionally, Omagine, as presently contemplated by
the Discussions, includes the construction and sale (on a free-
hold basis)by the Project Company of approximately 3,900
residences (and the land underlying such residences)consisting
of a combination of villas, town homes and apartments.

JOL expects, based on present assumptions which are subject to
modification, that the development costs for Omagine will be
approximately $1.6 billion dollars. JOL's website is
www.journey-of-light.com. Omagine's website is www.omagine.com.

JOL management plans to return to Oman in December 2006 to
conclude the Discussions and finalize the Development Agreement
but no assurances can presently be given that such results will
actually occur or as to the eventual outcome of these ongoing
Discussions.

The Company maintains its corporate offices at The Empire State
Building, 350 Fifth Avenue, Suite 1103, New York, NY 10118 and
its telephone number is 212-563-4141. Contact also maintains a
warehouse in Jersey City, New Jersey. Both facilities are leased
from unaffiliated third parties.


RESULTS OF OPERATIONS:

THREE MONTHS ENDED SEPTEMBER 30, 2006 vs.
THREE MONTHS ENDED SEPTEMBER 30, 2005

Revenue in the third quarter of 2006 was $99,359, a decrease of
$8,344 (8%) as compared to the same period in the previous year.
This decrease was entirely attributable to a decrease in
private-label sales at Contact as compared to the comparable
period in 2005. The sales order backlog at Contact and Ty-
Breakers as of the date hereof is $65,000. Selling, general and
                            (27)

<PAGE>
administrative expenses were $269,380 during the third quarter
of 2006, compared to $151,920 in the third quarter of 2005. This
increase of $117,460 (77%) was primarily attributable to
increased operating costs associated with Alfa's costs incurred
pursuant to the Debentures and to costs incurred at JOL for
travel, consulting fees and professional fees associated with
the Omagine project in Oman.

The Company experienced an operating loss of $249,996 during
the third quarter of 2006 as compared to an operating loss of
$131,966 during the same period in the previous fiscal year.
This $118,030 increase in the Company's operating loss is
entirely attributable to the above-mentioned increased operating
costs. The Company expects to experience losses for at least the
next several quarters due to its insufficient level of sales.

The Company will need to substantially increase its revenue in
order to attain sustained profitability.

The nature of JOL's present business is such that, (other than
the $1 million settlement discussed below), it is not expected
to generate revenues until after the development of the Omagine
project is significantly underway, an event which, as of the
date hereof, is not certain to occur. Management is examining
other possible sources of revenue which, subject to the
Development Agreement being executed, may be added to JOL's
operations. During 2005 management re-positioned Contact such
that it now focuses on its private-label business and sales of
private-label products which are less profitable but do not
require the large investments in marketing and advertising
required by the branded business. In the third quarter of 2006,
Contact's branded business was discontinued. No assurance can be
given at this time that management's current strategy with
respect to Contact will be effective or successful. Since our
last report for the second quarter of 2006, management has
discontinued Contact's branded business and product line in its
entirety. If, by December 31, 2006, sales of (or orders for)
Contact's private-label products have not reached the levels
necessary to sustain Contact as a viable business, management
may discontinue Contact's business in its entirety.

The Company will need to raise significant capital and/or secure
significant financing in order to execute its presently
conceived business plan with respect to both JOL and Contact.

                            (28)
<PAGE>

No capital expenditures were incurred during the quarterly
period ended September 30, 2006. Depending upon the outcome
of current negotiations and the availability of resources, the
Company may incur significant expenses related to capital
expenditures in the future.


NINE MONTHS ENDED SEPTEMBER 30,2006 vs.
NINE MONTHS ENDED SEPTEMBER 30,2005

Revenue in the first nine months of 2006 was $1,128,563, an
increase of $976,026 as compared to the same period in the
previous year. This increase was attributable to a $1 million
contract settlement at JOL, net of an approximately $24,000
decrease in apparel product sales during the period. On May 1,
2006 a previously disclosed dispute between JOL and the State of
Qatar was settled by the State of Qatar paying JOL $1 million.
The sales order backlog at Contact and Ty-Breakers as of the
date hereof is $65,000. The cost of apparel sales for the first
nine months of 2006 was $91,979 (71.5%).

Selling, general and administrative expenses were $1,242,033
during the first nine months of 2006, compared to $370,719 in
the first nine months of 2005. This increase of $871,314 (235%)
was primarily attributable to increased costs associated with
Alfa's sale of the Debentures and to costs incurred at JOL
(which was not owned by Alfa during the first nine months of
2005) for travel, consulting fees and professional fees
associated with the Omagine project in Oman during the period,
including salaries and consulting fees and costs related to
JOL's March 2006 presentation in Oman.

The Company's marketing and promotional expenditures were not
significant during the period. Depending upon the outcome of the
current Discussions and the availability of resources, the
Company may incur significant expenses related to marketing,
promotional and capital expenditures in the future.

The Company sustained a net loss from operations of $205,449
during the first nine months of 2006 as compared to a net loss
from operations of $366,525 during the first nine months of
2005. The 2006 period includes the results of JOL as opposed to
the 2005 period which does not include any JOL results since JOL

                            (29)
<PAGE>
was acquired by Alfa in October 2005. This $161,076 decrease in
the Company's net loss from operations was primarily
attributable to the above-mentioned $1 million settlement with
the State of Qatar and to reduced costs (mainly salaries)
incurred at Contact during the period. After provision for the
payment of $36,498 in dividends on its preferred stock and the
amortization of $103,382 of costs associated with the Debenture
financing, the Company sustained a net loss of $344,837 for the
nine month period ended September 30, 2006.

The Company expects to experience losses for at least the next
several quarters due to an insufficient level of sales. The
Company will need to raise significant capital and/or secure
significant financing in order to execute its presently
conceived business plan with respect to both JOL and Contact.

LIQUIDITY AND CAPITAL RESOURCES:

With the exception the second quarter of 2006, the Company has
experienced negative cash flows during the past four fiscal
years. The Company incurred net losses of $5,900,662, $1,020,624
and $706,801 in its fiscal years 2005, 2004 and 2003,
respectively. The Company's net loss for the nine months ended
September 30, 2006 was $308,339. During the nine months ended
September 30, 2006, the Company experienced a decrease in cash
and equivalents of $39,754.

At September 30, 2006, the Company had a working capital deficit
of $533,052, compared to a working capital deficit of $633,747
at December 31, 2005.

The $100,695 decreased deficit in working capital was primarily
attributable to:

decreases in pre-paid assets  ($19,521)
increases in accrued officer payroll  (20,709)
increase in loans from officers  ($119,898)

increases in accounts receivable and inventory  ($104,545)
decreases in cash  ($39,754)
decreases in accounts payable  ($114,709)
decreases in customer deposits  (28,168)
decreases in other accrued expenses  ($46,670)
decreases in dividends payable  ($6,485)

                            (30)
<PAGE>

Of the $644,440 of current liabilities at September 30, 2006,
$352,028 (54.6%) represent amounts which are either (i) due to
officers ($315,530), or (ii) may be paid in common stock in lieu
of cash ($36,498).

The $400,758 of funds used by operating activities during the
nine months ended September 30, 2006 resulted primarily from the
net loss of $308,339 and the increase of $104,545 in accounts
receivable and inventory.

Funds totaling $3,894 were invested in computer equipment during
the first nine months of fiscal 2006.

Funds totaling $364,898 were provided by financing activities
during the first nine months of fiscal 2006; $225,000 from net
proceeds realized from the sale of a debenture, $20,000 from the
sale of 50,000 shares restricted common stock to an accredited
investor, and $119,898 from loans to the Company by its
officers.

On May 1, 2006, JOL received $1,000,000 pursuant to a friendly
settlement of a dispute with the State of Qatar.

During the third quarter of 2006, the holder of the Debentures
converted $150,000 of the Debentures into 719,570 shares of
Alfa's Common Stock. Subsequent to September 30, 2006, the
holder of the Debentures converted an additional $75,000 of the
Debentures into 757,576 shares of Alfa's Common Stock. As of the
date of this report the holder of the Debentures has converted
$225,000 of the Debentures into a total of 1,477,146 shares of
Alfa's Common Stock and the remaining principal balance of the
Debentures is $275,000.

In the absence of additional funding and substantially increased
sales, the business and operations of the Company's Contact
Sports and Ty-Breakers subsidiaries will be significantly
affected and these subsidiaries may not be able to continue
operations beyond December 31, 2006.

The Company's inability to secure or arrange additional funding
to implement JOL's business plan, or JOL's failure to
successfully conclude its ongoing negotiations and the
Discussions regarding the Omagine Project will significantly

                            (31)
<PAGE>
affect JOL's ability - and possibly the Company's ability - to
continue operations.


ITEM 3:  DISCLOSURE CONTROLS AND PROCEDURES


Within the 90 days prior to the date of the filing of this Form
10-QSB, the Company carried out an evaluation under the
supervision and with the participation of management, including
the Company's chief executive and financial officer, of the
effectiveness of the design and operation of the Company's
disclosure controls and procedures pursuant to Securities
Exchange Act of 1934 Rule 13a-14(c) and 15d-14(c). Based upon
that evaluation, our chief executive and financial officer
concluded that the Company's disclosure controls and procedures
are effective in timely alerting him to material information
relating to the Company required to be included in the Company's
periodic SEC filings.

There have been no significant changes in the Company's internal
Controls or other factors which could significantly affect
internal controls subsequent to the date of the evaluation.


                    PART II   -   OTHER INFORMATION

ITEM 6.    Exhibits and Reports on Form 8-K

 (a)       Exhibits numbered in accordance with Item 601(a) of
           Regulation SB


Exhibit                                                 Page
Numbers                Description                     Number
-------                -----------                     ------

99.1             Sarbannes-Oxley certification           E-1

99.2             Sarbannes-Oxley certification           E-3


 (b)       Reports on Form 8-K
           None

                            (32)
<PAGE>

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

I, Frank J. Drohan, certify that:

1. I have reviewed this quarterly report for the period ended
September 30, 2006 on Form 10-QSB of Alfa International Holdings
Corp. ("the Registrant");

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

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

4.  I am responsible for establishing and maintaining disclosure
controls and procedures (as defined in Exchange Act Rules 13a-14
and 15d-14) for the Registrant and I have:

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

b) evaluated the effectiveness of the Registrant's disclosure
controls and procedures as of a date within 90 days prior to the
filing date of this quarterly report (the "Evaluation Date");
and

c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on
my evaluation as of the Evaluation Date.

5. I have disclosed, based on my most recent evaluation, to the
Registrant's auditors and the audit committee of Registrant's
board of directors:
                            (33)
<PAGE>

a) all significant deficiencies in the design or operation of
internal controls which could adversely affect the Registrant's
ability to record, process, summarize and report financial data
and have identified for the Registrant's auditors any material
weaknesses in internal controls; and


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


6. I have indicated in this quarterly report whether or not
there were significant changes in internal controls or in other
factors that could significantly affect internal controls
subsequent to the Evaluation Date, including any corrective
actions with regard to significant deficiencies and material
weaknesses.


Date: November 20, 2006




/s/ Frank J. Drohan
-------------------
Frank J. Drohan
Chief Executive Officer and Chief Financial Officer




The originally executed copy of this Certification will be
maintained at the Registrant's offices and will be made
available for inspection upon request.






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<PAGE>


                     CERTIFICATION PURSUANT TO:

                       18 U.S.C. SECTION 1350
                       AS ADOPTED PURSUANT TO
            SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Alfa International
Holdings Corp. on Form 10-QSB for the period ending September
30, 2006 (the "Report"), as filed with the Securities and
Exchange Commission on the date hereof, the undersigned
certifies, pursuant to Section 906 of the Sarbanes-Oxley Act of
2002, that:

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

        (2) The information contained in the Report fairly
presents, in all material respects, the financial condition and
results of operations of Alfa International Holdings Corp.



/s/Frank J. Drohan
------------------
Frank J. Drohan
Chief Executive & Financial Officer

November 20, 2006



The originally executed copy of this Certification will be
maintained at the Registrant's offices and will be made
available for inspection upon request.








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<PAGE>

                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.


DATED: November 20, 2006       ALFA INTERNATIONAL HOLDINGS CORP.
                               (Registrant)



                                 By: /s/ Frank J. Drohan
                                 -------------------------
                                     Frank J. Drohan
                                     Chief Executive Officer
                                     and Chief Financial Officer





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