**SECURITIES
      AND EXCHANGE COMMISSION**


**WASHINGTON,
      D.C. 20549**


**FORM
      10-QSB**





(Mark
      One)





x
      QUARTERLY REPORT UNDER
      SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For
      the
      quarterly period ended September 30, 2007




or





o
      TRANSITION REPORT UNDER
      SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934


For
      the
      transition period from _____________ to ___________





Commission
      File Number 33-19048-NY





**AMERICAN
      METAL &
TECHNOLOGY, INC.**


(Exact
      Name of Small Business Issuer as specified in its charter)






Delaware
            22-2856171(State or other jurisdiction of incorporation or
                organization)
            (I.R.S. employer identification
                no.)






633
                W. 5th
                Street, 26th
                Floor
              Los
                Angeles, CA 90071(Address of principal executive offices) (Zip Code)Registrant's telephone number, including area code: (213)
                223-2339







Indicate
      by check mark whether the Issuer:





(1)
      Has
      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):




Yes
x
      No o




(2)
      Has
      been subject to such filing requirements for the past 90 days.




Yes
x
      No o




1,560,374,357
      shares of the registrant's Common Stock, $.0001 per share, were outstanding
      as
      of November 12, 2007.


































1





AMERICAN
      METAL & TECHNOLOGY, INC.


TABLE
      OF
      CONTENTS


FORM
      10-QSB





PART I FINANCIAL INFORMATIONItem
                Number
            
            PageItem
                1.
            Financial
                Statements
            3Consolidated  Balance
                Sheet as of September 30, 2007 (Unaudited)
            3Consolidated
                Statements ofIncome and
                Other
                Comprehensive Income for the Three Months and Nine
                Months Ended
                September 30, 2007 and 2006 (Unaudited)
            4Consolidated
                Statements of Cash Flows for The Nine Months Ended September 30,
                2007 and
                2006 (Unaudited)
            5Notes
                to Financial Statements
            6
                - 14Item
                2.
            Management’s
                Discussion and Analysis Or Plan of Operation
            15Item
                3.
            Controls
                and Procedures
            18PART
                II OTHER INFORMATION
            19Item
                1.
            Legal
                Proceedings
            19Item
                2.
            Unregistered
                Sales of Equity Securities and Use of Proceeds
            19Item
                3.
            Defaults
                upon Senior Securities
            19Item
                4.
            Submission
                of Matters to a Vote of Security Holders
            19Item
                5.
            Other
                Information
            19Item
                6.
            Exhibits
                and Reports on Form 8-K
            19Signatures
            20










2





**PART
      I. FINANCIAL INFORMATION**




**ITEM
      1. FINANCIAL STATEMENTS**





**AMERICAN
                  METAL & TECHNOLOGY, INC. AND SUBSIDIARIES****(FORMERLY
                  MURRY UNITED DEVELOPMENT CORPORATION)****CONSOLIDATED
                  BALANCE SHEET****AS
                  OF SEPTEMBER 30, 2007****(UNAUDITED)****ASSETS****Current
                  Assets**Cash
                  and cash equivalents
              
              $
              6,470,280Accounts
                  receivable - net
              
              
              544,981Other
                  receivable - customers
              
              
              224,664Other
                  receivables
              
              
              2,661Advances
                  to suppliers
              
              
              453,674Inventories
              
              
              525,091**Total
                  Current Assets**
              
              
              8,221,351**Property,
                  Plant and Equipment, net**
              
              
              2,996,335**Intangible
                  Assets, net**
              
              
              686,306**Total
                  Assets**
              
              $
              11,903,992**LIABILITIES
                  AND SHAREHOLDERS' EQUITY****Current
                  Liabilities**Accounts
                  payable
              
              $
              425,258Accrued
                  liabilities and other payables
              
              
              94,013Amount
                  due to related parties
              
              
              352,491Unearned
                  revenue
              
              
              57,776**Total
                  Current Liabilities**
              
              
              929,538**Minority
                  Interests**
              
              
              349,776**Commitments**
              
              
              -**Shareholders'
                  Equity**Common
                  stocks; $0.0001 par value, 2,000,000,000 shares authorized,
                1,560,374,357
                  issued and outstanding
              
              
              156,037Additional
                  paid in capital
              
              
              4,884,219Statutory
                  reserve
              
              
              992,869Accumulated
                  other comprehensive income
              
              
              626,766Retained
                  earnings
              
              
              3,964,787**Total
                  Stockholders' Equity**
              
              
              10,624,678**Total
                  Liabilities and Shareholders' Equity**
              
              $
              11,903,992The
                  accompanying notes are an integral part of these condensed consolidated
                  financial statements.
    3
  **AMERICAN
                  METAL & TECHNOLOGY, INC. AND SUBSIDIARIES****(FORMERLY
                  MURRY UNITED DEVELOPMENT CORPORATION)****CONSOLIDATED
                  STATEMENTS OF INCOME AND OTHER COMPREHENSIVE
                  INCOME****FOR
                  THE THREE MONTH AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2007
                  AND
                  2006****(UNAUDITED)****Three
                  month periods ended**
              
              
              **Nine
                  month periods ended****September
                  30**
              
              
              **September
                  30****2007**
              
              
              **2006**
              
              
              **2007**
              
              
              **2006****Net
                  sales**
              
              $
              2,738,896
              
              
              $
              1,938,259
              
              
              $
              7,210,970
              
              
              $
              5,770,991**Cost
                  of goods sold**
              
              
              (1,781,008
              )
              
              
              (1,409,359
              )
              
              
              (4,817,465
              )
              
              
              (4,136,764
              )**Gross
                  profit**
              
              
              957,888
              
              
              
              528,900
              
              
              
              2,393,505
              
              
              
              1,634,227**Operating
                  expenses**Selling
                  expenses
              
              
              (5,262
              )
              
              
              (3,878
              )
              
              
              (19,520
              )
              
              
              (12,577
              )Operating
                  and administrative expenses
              
              
              (391,833
              )
              
              
              (137,509
              )
              
              
              (936,545
              )
              
              
              (412,445
              )**Total
                  operating expenses**
              
              
              (397,095
              )
              
              
              (141,387
              )
              
              
              (956,065
              )
              
              
              (425,022
              )**Income
                  from operations**
              
              
              560,793
              
              
              
              387,513
              
              
              
              1,437,440
              
              
              
              1,209,205**Other
                  income (expense)**Interest
                  income
              
              
              5,408
              
              
              
              662
              
              
              
              7,490
              
              
              
              1,619Other
                  income (expense)
              
              
              -
              
              
              
              202
              
              
              
              (2,418
              )
              
              
              266-
              
              
              
              -**Total
                  other income (expense)**
              
              
              5,408
              
              
              
              864
              
              
              
              5,072
              
              
              
              1,885**Income
                  before minority interest**
              
              
              566,201
              
              
              
              388,377
              
              
              
              1,442,512
              
              
              
              1,211,090**Minority
                  interests**
              
              
              (6,777
              )
              
              
              19,263
              
              
              
              (6,644
              )
              
              
              61,142**Net
                  income**
              
              
              572,978
              
              
              
              369,114
              
              
              
              1,449,156
              
              
              
              1,149,948**Other
                  comprehensive income**Foreign
                  currency translation adjustment
              
              
              170,380
              
              
              
              82,415
              
              
              
              362,752
              
              
              
              102,525**Comprehensive
                  income**
              
              $
              743,358
              
              
              $
              451,529
              
              
              $
              1,811,908
              
              
              $
              1,252,473**Basic
                  weighted average shares outstanding**
              
              
              1,408,049,007
              
              
              
              1,128,842,167
              
              
              
              1,201,845,316
              
              
              
              1,128,842,167**Basic
                  net earnings per share**
              
              $
              0.0004
              
              
              $
              0.0003
              
              
              $
              0.0012
              
              
              $
              0.0010**Diluted
                  weighted average shares outstanding**
              
              
              1,410,880,999
              
              
              
              1,128,842,167
              
              
              
              1,206,391,976
              
              
              
              1,128,842,167**Diluted
                  net earnings per share**
              
              $
              0.0004
              
              
              $
              0.0003
              
              
              $
              0.0012
              
              
              $
              0.0010The
                  accompanying notes are an integral part of these condensed consolidated
                  financial statements.


4
  **AMERICAN
                    METAL & TECHNOLOGY, INC. AND SUBSIDIARIES****(FORMERLY
                    MURRY UNITED DEVELOPMENT CORPORATION)****CONSOLIDATED
                    STATEMENTS OF CASH FLOWS****FOR
                    THE NINE MONTH PERIODS ENDED SEPTEMBER 30, 2007 AND
                    2006****(UNAUDITED)****2007**
                
                
                **2006**Cash
                    flows from operating activities:Net
                    income
                
                $
                1,449,156
                
                
                
                1,149,948Adjustments
                    to reconcile net income toNet
                    cash provided by operating activities:Minority
                    interest
                
                
                (6,644
                )
                
                
                61,142Depreciation
                    and amortization
                
                
                218,104
                
                
                
                163,877(Increase)/decrease
                    in assets:Accounts
                    receivable
                
                
                392,902
                
                
                
                (747,424
                )Note
                    receivable
                
                
                (61,154
                )
                
                
                (95,454
                )Other
                    receivables
                
                
                56,679
                
                
                
                71,073Inventory
                
                
                (26,379
                )
                
                
                (60,948
                )Advance
                    to suppliers
                
                
                218,005
                
                
                
                706,176Increase/(decrease)
                    in liabilities:Accounts
                    payable
                
                
                193,380
                
                
                
                77,392Other
                    payable and accrued expenses
                
                
                27,839
                
                
                
                68,332Unearned
                    revenue
                
                
                54,117
                
                
                
                (743,576
                )Net
                    Cash Provided By Operating Activities
                
                
                2,516,005
                
                
                
                650,538Cash
                    flows from investing activities:Purchase
                    of equipment and leasehold improvements
                
                
                (2,130
                )
                
                
                (364,401
                )Net
                    Cash Used in Investing Activities
                
                
                (2,130
                )
                
                
                (364,401
                )Cash
                    flows from financing activities:Cash
                    received on stock issuance
                
                
                3,275,562
                
                
                
                119,860Proceeds(Payments)
                    from(to) loans
                
                
                (234,339
                )
                
                
                232,093Net
                    Cash Provided By Financing Activities
                
                
                3,041,223
                
                
                
                351,953Effects
                    of Exchange Rate Change in Cash
                
                
                127,738
                
                
                
                16,633Net
                    Increase in Cash and Cash Equivalents
                
                
                5,682,836
                
                
                
                654,723Cash
                    and Cash Equivalents-Beginning Balance
                
                
                787,444
                
                
                
                146,623Cash
                    and Cash Equivalents-Ending Balance
                
                
                6,470,280
                
                
                
                801,346Supplement
                    disclosure of cash flow information:Income
                    taxes paid
                
                $
                4,638
                
                
                $
                -Interest
                    expenses paid
                
                $
                485
                
                
                $
                -Non
                    Cash Transaction:Numbers
                    of Share Issued Due To Reorganization
                
                
                274,160,734
                
                
                
                -The
                    accompanying notes are an integral part of these condensed consolidated
                    financial statements.




5
 
 **AMERICAN
          METAL & TECHNOLOGY, INC. AND SUBSIDIARIES**
 (FORMERLY
          MURRAY UNITED DEVELOPMENT
          CORPORATION)
 **NOTES
          TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**






**1.**
            **Organization
                and description of business**





On
      June
      1, 2007, American Metal Technology, Inc.
      (“*AMTI”,**"We”,**"Us”,**"Our"*or the *"Company"*) formally changed its name
      from Murray United Development Corporation to
      American Metal Technology, Inc.





The
      Company was incorporated on October 13, 1987 under the laws of the State of
      Delaware. It was organized to further develop and exploit commercially certain
      technology for a rotary internal combustion engine that would utilize
      alternative fuels. The patent and related rights to the use of the technology
      have been assigned to the Company. These rights were subsequently assigned
      pursuant to the terms of the Stock Purchase Agreement dated November 6, 2006
      discussed below.





The
      Company entered into a Stock Purchase Agreement on November 6, 2006 (the
      "Agreement") with American Metal Technology Group, a Nevada corporation
      (“AMTG"), pursuant to which the Company acquired one hundred (100%) percent of
      AMTG's outstanding common stock from the AMTG Stockholders and AMTG became
      a
      wholly-owned subsidiary of the company in a two step reverse takeover
      transaction on May 22, 2007.  In connection with this transaction, the
      Company issued 1,213,295,563 shares to the stockholders and consultants of
      AMTG
      (1,142,388,273 shares to AMTG's former shareholders, including 20,000,000 shares
      of common stock issues to AMTG as investment upon completion of the due
      diligence period to the Agreement, and redistributed proportionally to AMTG's
      shareholders as of May 22, 2007, and 70,907,300 shares to AMTG's
      consultants).  These shares represent more than eighty five (85%) of the
      Company's issued and outstanding shares of voting capital stock on a fully
      diluted basis, and therefore the former shareholders of AMTG and its consultants
      effectively have control of the Company.  AMTG is now a wholly owned
      subsidiary of the Company.




The
      exchange of shares with AMTG has been accounted for as a reverse acquisition
      under the purchase method of accounting since the shareholders AMTG obtained
      control of the consolidated entity. Accordingly, the merger of the two companies
      has been recorded as a recapitalization of AMTG, with AMTG being treated as
      the
      continuing entity.  The historical financial statements presented herein
      are those of AMTG. The continuing company has retained December 31 as its fiscal
      year end.





Reflecting
      the change of ownership, the Company filed a Certificate of Amendment
      to its Certificate of Incorporation to change its name to American Metal
& Technology, Inc., which became effective June 1,
      2007.





The
      Company now through AMTG via its subsidiaries, Beijing Tong Yuan Heng Feng
      Technology Co., Ltd. and American Metal Technology (Lang Fang) Co., Ltd., is
      mainly in the business of manufacturing and sales of high-precision investment
      casting and metal fabrication products in the People's Republic of China (
      *"China"*). The Company's production involves high-precision investment
      casting and machined products, including valves, pipe fittings,
      etc.





AMTG
      was
      incorporated on January 13, 2004 under the laws of the state of Nevada. On
      June
      1, 2004 , AMTG entered into an equity purchase agreement with Beijing Sande
      Technology (Holding) Co., Ltd. ( *"BST"*) to acquire 80% ownership of
      Beijing Tong Yuan Heng Feng Technology Co., Ltd. ( *"BJTY"*). As a
      result, AMTG issued 7,200 shares of his pre-split common stock to BST in
      exchange for 80% ownership of BJTY. On August 2, 2004, AMTG incorporated
      American Metal Technology (Lang Fang) Co., Ltd. ( *"AMLF"*) in Hebei,
      China, for the purpose of expanding the production facility of BJTY. On August
        8, 2004, AMTG and AMLF together entered into an equity purchase agreement
      with Beijing Sande Shang Mao Co., Ltd. (“*BSS”)* for the remaining 20% of
      BJTY. As a result, AMTG which issued 1,800 shares of pre-split common stock
      to
      BSS and AMLF becomes the owner of 20% shareholder of BJTY. AMTG later acquired
      the 20% ownership of BJTY from AMLF and owns 100% of BJTY. On November 12,
      2004,
      AMTG effectuated a forward split of all the outstanding shares of common stock
      on a 1,000 for 1 basis. On November 2005, AMTG sold 5% of BJTY to an unrelated
      party for $240,000.

















6
 
 **AMERICAN
          METAL TECHNOLOGY, INC. AND SUBSIDIARIES**
 **(FORMERLY
          MURRAY UNITED DEVELOPMENT CORPORATION)**
 **NOTES
          TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**







**2.**
            **Summary
                of significant accounting
                policies**




The
      accompanying unaudited financial statements of the Company have been prepared
      in
      accordance with generally accepted accounting principles for interim financial
      information. Accordingly, they do not include all of the information required
      by
      generally accepted
      accounting principles for complete financial statements. In the opinion of
      management, all adjustments (consisting of normal recurring adjustments)
      considered necessary for a fair presentation have been included. Operating
      results for the interim periods are not necessarily indicative of the results
      for any future period. These statements should be read in conjunction with
      the
      Company's audited financial statements and notes thereto for the fiscal year
      ended December 31, 2006. The results of the nine month period ended September
      30, 2007 are not necessarily indicative of the results to be expected for the
      full fiscal year ending December 31, 2007.





Principal
      of consolidation





The
      consolidated financial statements of American Metal Technology, Inc. reflect
      the
      activities of the following subsidiaries:





**American
                Metal & Technology, Inc.**
              Subsidiaries
            Percentage
              Of
                OwnershipAmerican
                Metal Technology Group
            U.S.
            100
            %American
                Metal Technology (Lang Fang) Co., Ltd.
            P.R.C.
            100
            %Beijing
                Tong Yuan Heng Feng (Technology) Co., Ltd.
            P.R.C.
            95
            %







Due
      to
      common management and ownership, the consolidated financial statements have
      been
      presented as if the Agreement and Plan of Merger of the subsidiaries occurred
      as
      of December 31, 2006.  The consolidated financial statements generally
      reflect only the activities of BJTY and AMLF at its historical cost. Because
      Murray United Development Corporation’s financial statement is immaterial, no
      pro forma is presented.





The
      consolidated financial statements have been prepared in accordance with
      accounting principles generally accepted in the United States of America. All
      significant inter-company transactions and accounts have been eliminated in
      the
      consolidation.





Use
      of
      estimates





The
      preparation of consolidated financial statements in conformity with accounting
      principles generally accepted in the United States of America requires
      management to make estimates and assumptions that affect the reported amounts
      of
      assets and liabilities and disclosure of contingent assets and liabilities
      at
      the date of the consolidated financial statements and the amount of revenues
      and
      expenses during the reporting periods. Management makes these estimates using
      the best information available at the time the estimates are made. However,
      actual results could differ materially from those results.




Cash
      and cash equivalents




For
      Statement of Cash Flows purposes, the Company considers all cash on hand and
      in
      banks, including accounts in book overdraft positions, certificates of deposit
      and other highly-liquid investments with maturities of three months or less,
      when purchased, to be cash and cash equivalents. As of September 30, 2007,
      cash
      and cash equivalent amounted to $6,470,280.




Accounts
      receivable




The
      Company's policy is to maintain reserves for potential credit losses for
      accounts receivable. Management reviews the composition of accounts receivable
      and analyzes historical bad debts, customer concentrations, customer credit
      worthiness, current economic trends and changes in customer payment patterns
      to
      evaluate the adequacy of these reserves. As of September 30, 2007, the Company
      had net accounts receivable of $544,981, net of allowance of
      $111,328.




Advances
      to suppliers




The Company advances to certain vendors for the purchase
      of
      material. As of September 30, 2007, the advances to suppliers amounted to
      $453,674.







7
 
 **AMERICAN
          METAL TECHNOLOGY, INC. AND SUBSIDIARIES**
 **(FORMERLY
          MURRAY UNITED DEVELOPMENT CORPORATION)**
 **NOTES
          TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**




**2.**
            **Summary
                of significant accounting policies -***continued*




Inventories




Inventories
      are valued at the lower of cost or market value using weighted average method.
      Management compares the cost of inventory with the market value and an allowance
      is made for writing down the inventory to its market value, if
      lower.





Property,
      plant and equipment




Property,
      plant and equipment are recorded at cost. Gains or losses on disposals are
      reflected as gain or loss in the year of disposal. The cost of improvements
      that
      extend the life of plant, property, and equipment are capitalized. These
      capitalized costs may include structural improvements, equipment, and fixtures.
      All ordinary repair and maintenance costs are expensed as incurred.




Depreciation
      for financial reporting purposes is provided using the straight line method
      over
      the estimated useful lives of the assets:




EstimatedUseful
                LifeBuilding
                and improvements
            13-40
                yearsMachinery
                and equipments
            5-15
                yearsVehicle
            12
                years




Financial
      instruments





Statement
      of Financial Accounting Standard No. 107, "Disclosures about Fair Value of
      Financial Instruments", requires that the Company disclose estimated fair values
      of financial instruments.




The
      Company's financial instruments primarily consist of cash and cash equivalents,
      accounts receivable, other receivables, advances to suppliers, accounts payable,
      other payable, tax payable, and related party advances and
      borrowings.




As
      of the
      balance sheet dates, the estimated fair values of the financial instruments
      were
      not materially different from their carrying values as presented on the balance
      sheet. This is attributed to the short maturities of the instruments and that
      interest rates on the borrowings approximate those that would have been
      available for loans of similar remaining maturity and risk profile at respective
      balance sheet dates.




Impairment




The
      Company applies the provisions of Statement of Financial Accounting Standard
      No.
      144, "Accounting for the Impairment or Disposal of Long-Lived Assets" ("FAS
      No.
      144"), issued by the Financial Accounting Standards Board ("FASB"). FAS No.
      144
      requires that long-lived assets be reviewed for impairment whenever events
      or
      changes in circumstances indicate that the carrying amount of an asset may
      not
      be recoverable through the estimated undiscounted cash flows expected to result
      from the use and eventual disposition of the assets. Whenever any such
      impairment exists, an impairment loss will be recognized for the amount by
      which
      the carrying value exceeds the fair value.




The
      Company tests long-lived assets, including property, plant and equipment and
      intangible assets subject to periodic amortization, for recoverability at least
      annually or more frequently upon the occurrence of an event or when
      circumstances indicate that the net carrying amount is greater than its fair
      value. Assets are grouped and evaluated at the lowest level for their
      identifiable cash flows that are largely independent of the cash flows of other
      groups of assets. The Company considers historical performance and future
      estimated results in its evaluation of potential impairment and then compares
      the carrying amount of the asset to the future estimated cash flows expected
      to
      result from the use of the asset. If the carrying amount of the asset exceeds
      estimated expected undiscounted future cash flows, the Company measures the
      amount of impairment by comparing the carrying amount of the asset to its fair
      value. The estimation of fair value is generally measured by discounting
      expected future cash flows as the rate the Company utilizes to evaluate
      potential investments. The Company estimates fair value based on the information
      available in making whatever estimates, judgments and projections are considered
      necessary. There was no impairment of long-lived assets for the nine months
      ended September 30, 2007 and September 30, 2006.







8
 
 **AMERICAN
          METAL TECHNOLOGY, INC. AND SUBSIDIARIES**
 **(FORMERLY
          MURRAY UNITED DEVELOPMENT CORPORATION)**
 **NOTES
          TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**




**2.**
            **Summary
                of significant accounting policies -***continued*




Revenue
      recognition




The
      Company's revenue recognition policies are in compliance with Staff accounting
      bulletin (SAB) 104. Sales revenue is recognized at the date of shipment to
      customers when a formal arrangement exists, the price is fixed or determinable,
      the delivery is completed, no other significant obligations of the Company
      exist
      and collectibility is reasonably assured. Payments received before all of the
      relevant criteria for revenue recognition are satisfied are recorded as unearned
      revenue. Unearned revenue as of September 30, 2007 amounted to
      $57,776.





The
      Company's revenue consists of invoiced value of goods, net of a value-added
      tax
      (VAT). No product return or sales discount allowance is made as products
      delivered and accepted by customers are normally not returnable and sales
      discount is normally not granted after products are delivered.





Foreign
      currency translation





The
      reporting currency of the Company is the US dollar. The Company uses their
      local
      currency, Renminbi (RMB), as their functional currency. Results of operations
      and cash flow are translated at average exchange rates during the period, and
      assets and liabilities are translated at the unified exchange rate at the end
      of
      the period. Translation adjustments resulting from this process are included in
      accumulated other comprehensive income in the statement of shareholders' equity.
      Transaction gains and losses that arise from exchange rate fluctuations on
      transactions denominated in a currency other than the functional currency are
      included in the results of operations as incurred.




Translation
      adjustments resulting from this process are included in accumulated other
      comprehensive income in the consolidated statement of shareholders' equity
      and
      amounted to $ 626,766 as of September 30, 2007.





Income
      taxes





The
      Company utilizes SFAS No. 109, "Accounting for Income Taxes," which requires
      the
      recognition of deferred tax assets and liabilities for the expected future
      tax
      consequences of events that have been included in the financial statements
      or
      tax returns. Under this method, deferred income taxes are recognized for the
      tax
      consequences in future years of differences between the tax bases of assets
      and
      liabilities and their financial reporting amounts at each period end based
      on
      enacted tax laws and statutory tax rates applicable to the periods in which
      the
      differences are expected to affect taxable income. Valuation allowances are
      established, when necessary, to reduce deferred tax assets to the amount
      expected to be realized. At September 30, 2007 and 2006, there was no
      significant book to tax differences.




Local
      PRC Income Tax





The
      Company is governed by the Income Tax Law of the PRC concerning subsidiaries
      located in PRC. Under the Income Tax Laws of the PRC, Chinese enterprises are
      generally subject to an income tax at an effective rate of 33% (30% state income
      taxes plus 3% local income taxes) on income reported in the statutory financial
      statements after appropriate tax adjustments. However, according to the
      Provisional Regulations of the People's Republic of China on Income Tax, the
      Company’s operating subsidiaries in China have been approved to be exempt from
      income tax for the nine months ended September 30, 2007 and 2006.





The
      Company does not have any significant deferred tax asset or liabilities in
      the
      PRC tax jurisdiction.




Beginning
      January 1, 2008, the new Enterprise Income Tax (“EIT”) law will replace the
      existing laws for Domestic Enterprises (“DES”) and Foreign Invested Enterprises
      (“FIEs”). The new standard EIT rate of 25% will replace the 33% rate currently
      applicable to both DES and FIEs. The two years tax exemption, three years 50%
      tax reduction tax holiday for production-oriented FIEs will be eliminated.
      The
      Company is currently evaluating the effect of the new EIT law will have on
      its
      financial position.







9
 
 **AMERICAN
          METAL TECHNOLOGY, INC. AND SUBSIDIARIES**
 **(FORMERLY
          MURRAY UNITED DEVELOPMENT CORPORATION)**
 **NOTES
          TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**





**2.**
            **Summary
                of significant accounting policies -***continued*




Segment
      reporting




Statement
      of Financial Accounting Standards No. 131 ("SFAS 131"), "Disclosure About
      Segments of an Enterprise and Related Information" requires use of the
      "management approach" model for segment reporting. The management approach
      model
      is based on the way a company's management organizes segments within the company
      for making operating decisions and assessing performance. Reportable segments
      are based on products and services, geography, legal structure, management
      structure, or any other manner in which management disaggregates a
      company.




SFAS
      No.
      131 has no effect on the Company's consolidated financial statements as the
      Company operates in one reportable business segment - manufacture and marketing
      high-precision investment casting and metal fabrication products in
      China.




Statement
      of cash flows




In
      accordance with Statement of Financial Accounting Standards No. 95, "Statement
      of Cash Flows," cash flows from the Company's operations is calculated based
      upon the local currencies. As a result, amounts related to assets and
      liabilities reported on the statement of cash flows may not necessarily agree
      with changes in the corresponding balances on the balance sheet.




Recent
      accounting pronouncements




In
      September 2006, FASB issued SFAS 157 ‘Fair Value Measurements’. This Statement
      defines fair value, establishes a framework for measuring fair value in
      generally accepted accounting principles (“GAAP”), and expands disclosures about
      fair value measurements. This Statement applies under other accounting
      pronouncements that require or permit fair value measurements, the Board having
      previously concluded in those accounting pronouncements that fair value is
      the
      relevant measurement attribute. Accordingly, this Statement does not require
      any
      new fair value measurements. However, for some entities, the application of
      this
      Statement will change current practice. This Statement is effective for
      financial statements issued for fiscal years beginning after November 15, 2007,
      and interim periods within those fiscal years. The management is currently
      evaluating the effect of this pronouncement on the consolidated financial
      statements.




In
      September 2006, FASB issued SFAS 158 ‘Employers’ Accounting for Defined Benefit
      Pension and Other Postretirement Plans—an amendment of FASB Statements No. 87,
      88, 106, and 132(R)’ This Statement improves financial reporting by requiring an
      employer to recognize the over funded or under funded status of a defined
      benefit postretirement plan (other than a multiemployer plan) as an asset or
      liability in its statement of financial position and to recognize changes in
      that funded status in the year in which the changes occur through comprehensive
      income of a business entity or changes in unrestricted net assets of a
      not-for-profit organization. This Statement also improves financial reporting
      by
      requiring an employer to measure the funded status of a plan as of the date
      of
      its year-end statement of financial position, with limited exceptions. An
      employer with publicly traded equity securities is required to initially
      recognize the funded status of a defined benefit postretirement plan and to
      provide the required disclosures as of the end of the fiscal year ending after
      December 15, 2006. An employer without publicly traded equity securities is
      required to recognize the funded status of a defined benefit postretirement
      plan
      and to provide the required disclosures as of the end of the fiscal year ending
      after June 15, 2007. However, an employer without publicly traded equity
      securities is required to disclose the following information in the notes to
      financial statements for a fiscal year ending after December 15, 2006, but
      before June 16, 2007, unless it has applied the recognition provisions of this
      Statement in preparing those financial statements:







1.
            A
                brief description of the provisions of this
                Statement


2.
            The
                date that adoption is required


3.
            The
                date the employer plans to adopt the recognition provisions of this
                Statement, if earlier.





The
      requirement to measure plan assets and benefit obligations as of the date of
      the
      employer’s fiscal year-end statement of financial position is effective for
      fiscal years ending after December 15, 2008. The management is currently
      evaluating the effect of this pronouncement on the consolidated financial
      statements.





In
      February 2007, FASB issued FASB Statement No. 159, The Fair Value Option for
      Financial Assets and Financial Liabilities. FAS 159 is effective for fiscal
      years beginning after November 15, 2007. Early adoption is permitted subject
      to
      specific requirements outlined in the new Statement. Therefore, calendar-year
      companies may be able to adopt FAS 159 for their first quarter 2007 financial
      statements.







10
 
 **AMERICAN
          METAL TECHNOLOGY, INC. AND SUBSIDIARIES**
 **(FORMERLY
          MURRAY UNITED DEVELOPMENT CORPORATION)**
 **NOTES
          TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**





**2.**
            **Summary
                of significant accounting policies -***continued*




The
      new
      Statement allows entities to choose, at specified election dates, to measure
      eligible financial assets and liabilities at fair value that are not otherwise
      required to be measured at fair value. If a company elects the fair value option
      for an eligible item, changes in that item's fair value in subsequent reporting
      periods must be recognized in current earnings. FAS 159 also establishes
      presentation and disclosure requirements designed to draw comparison between
      entities that elect different measurement attributes for similar assets and
      liabilities. The management is currently evaluating the effect of this
      pronouncement on the consolidated financial statements.





**3.**
            **Other
                receivable - Customers**





Other
      receivable – customers amounted to $224,664 as of September 30, 2007. The other
      receivable – customers are payments received from unrelated parties, unsecured,
      redeemable within 90 days, and interest free.





**4.**
            **Other
                receivable**





Other
      receivable amounted to $2,661 as of September 30, 2007. The other receivables
      are all from unrelated parties, due on demand, and interest free.





**5.**
            **Inventories**





Inventories
      consisted of the followings at September 30, 2007:


2007
              (Unaudited)Supplies
                and raw materials
            
            $
            314,695Work
                in process
            
            
            129,430Finished
                goods
            
            
            80,966Totals
            
            $
            525,091







**6.**
            **Property,
                Plant and Equipment**





Property,
      Plant and Equipment consist of the following at September 30, 2007:


2007
              (Unaudited)Building
                and improvements
            
            $
            893,858Vehicle
            
            
            21,709Machinery
                and equipments
            
            
            2,661,157Totals
            
            
            3,576,724Less:
                accumulated depreciation
            
            
            580,389$
            2,996,335





Depreciation
      expenses for the nine months ended September 30, 2007 and 2006 were $182,327,
      and $158,204, respectively.













11
 
 **AMERICAN
          METAL TECHNOLOGY, INC. AND SUBSIDIARIES**
 **(FORMERLY
          MURRAY UNITED DEVELOPMENT CORPORATION)**
 **NOTES
          TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**





**7.**
            **Intangible
                assets**




The
      intangible assets comprised of
      following at September 30, 2007:





UnauditedLand use right, net
            
            $
            570,237Permits, net
            
            
            116,069Total
            
            $
            686,306





**Land
      use right:**




Per
      the
      People's Republic of China's governmental regulations, the Government owns
      all
      land. However, the government grants the user a “land use right” (the Right) to
      use the land. The Company has recognized the amounts paid for the acquisition
      of
      rights to use land as intangible asset and amortizing over a period of fifty
      years.




American
      Metal Technology (Lang Fang) Co., Ltd. acquired land use rights during the
      year
      ended 2004 for a total amount of $606,635. The land use right is for fifty
      years. The intangible assets consist of the followings as of September 30,
      2007:





UnauditedIntangible
                assets
            
            $
            606,635Less:
                accumulated amortization
            
            
            36,398$
            570,237





**Permits:**


American
      Metal Technology (Lang Fang) Co., Ltd. acquired various permits related to
      constructing the factory during the year ended 2004 for a total amount of
      $181,130. The permits are for ten years. The permits consist of the followings
      as of September 30, 2007:








2007
              UnauditedPermits
            
            $
            181,130Less:
                accumulated amortization
            
            
            65,061$
            116,069





Intangible
      assets of the Company are reviewed annually as to whether their carrying value
      has become impaired. The Company considers assets to be impaired if the carrying
      value exceeds the future projected cash flows from related operations. The
      Company also re-evaluates the periods of amortization to determine whether
      subsequent events and circumstances warrant revised estimates of useful lives.
      As of September 30, 2007 the Company expects these assets to be fully
      recoverable.





Total
      amortization expenses for the nine months ended September 30, 2007 and 2006
      amounted to $35,777 and $5,673 respectively. Amortization expenses for next
      five
      years after September 30, 2007 are as follows:




1 year after September 30, 2007
            
            $
            47,7032 year after September 30, 2007
            
            
            47,7033 year after September 30, 2007
            
            
            47,7034 year after September 30, 2007
            
            
            47,7035 year after September 30, 2007
            
            
            47,703Total
            
            $
            238,515






12
 **AMERICAN
            METAL TECHNOLOGY, INC. AND SUBSIDIARIES**
 **(FORMERLY
            MURRAY UNITED DEVELOPMENT CORPORATION)**
 **NOTES
            TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**






**8.**
            **Other
                payable and accrued
                expenses**





Other
      payable and accrued expenses amounted to $94,013 as of September 30, 2007.
      Other
      payable and accrued expenses include taxes payables of $62,949, accrued welfare
      $3,136 and other accrued expenses $27,928.





**9.**
            **Due
                to related parties**





Due
      to
      related parties amounted to $352,491 as of September 30, 2007. Due to related
      parties includes $351,891 due to an affiliate owned by the CEO of BJTY and
      AMLF
      and $600 due to a shareholder. Due to related parties payable are due on demand,
      interest free, and unsecured.




**10.**
            **Statutory
                reserve**




As
      stipulated by the Company Law of the People's Republic of China (PRC), net
      income after taxation can only be distributed as dividends after appropriation
      has been made for the following:




i)
            Making
                up cumulative prior years' losses, if
                any;




ii)
            Allocations
                to the "Statutory surplus reserve" of at least 10% of income after
                tax, as
                determined under PRC accounting rules and regulations, until the
                fund
                amounts to 50% of the Company's registered
                capital;




iii)
            Allocations
                of 5-10% of income after tax, as determined under PRC accounting
                rules and
                regulations, to the Company's "Statutory common welfare fund", which
                is
                established for the purpose of providing employee facilities and
                other
                collective benefits to the Company's employees;
                and




iv)
            Allocations
                to the discretionary surplus reserve, if approved in the shareholders'
                general meeting.




In
      accordance with the Chinese Company Law, the company has allocated 10% of its
      net income to surplus. The total statutory reserve, as of September 30, 2007,
      amounted to $661,913.




The
      Company established a reserve for the annual contribution of 5% of net income
      to
      the common welfare fund. The total common welfare fund, as of September 30,
      2007, amounted to $330,956.





**11.**
            **Current
                vulnerability due to certain concentrations**




BJTY
      and
      AMLF’s operations are all carried out in the PRC. Accordingly, the Company’s
      business, financial condition and results of operations may be influenced by
      the
      political, economic and legal environments in the PRC, and by the general state
      of the PRC's economy.




The
      Company’s operations in the PRC are subject to specific considerations and
      significant risks not typically associated with companies in the North America
      and Western Europe. These include risks associated with, among others, the
      political, economic and legal environments and foreign currency exchange. The
      Company's results may be adversely affected by changes in governmental policies
      with respect to laws and regulations, anti-inflationary measures, currency
      conversion and remittance abroad, and rates and methods of taxation, among
      other
      things.




Major
      customers and major vendors




One
      major
      customer accounted for 66% of the net revenue for the nine months ended
      September 30, 2007. The Company had no accounts receivable from the customers
      as
      of September 30, 2007.





One
      vendor provided 64% of the Company’s purchase of raw materials for the nine
      months ended September 30, 2007. The Company had $222,367 accounts payable
      to
      these vendors as of September 30, 2007.





The
      Company extends credit to its customers based upon its assessment of their
      credit worthiness and generally does not require collateral. Credit losses
      have
      not been significant.





**12.**
            **Minority
                interest**




The
      amounts of $349,776 as of September 30, 2007 which represent the 5% shareholder
      interest in BJTY.





13
 
 **AMERICAN
          METAL TECHNOLOGY, INC. AND SUBSIDIARIES**
 **(FORMERLY
          MURRAY UNITED DEVELOPMENT CORPORATION)**
 **NOTES
          TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**







**13.**
            **Options and
                warrants**




Stock
      Options


In
      April
      2002 the Company issued options to purchase six million shares of common stock
      at $0.02 per share. The options were issued to an employee under non qualified
      option plan. Based on the Option Agreement stated, the options were expired
      on
      August 2007 due to termination of employment of the employee on May 2007. No
      options were issued during nine months ended September 30, 2007 and September
      30, 2006. As of September 30, 2007, no options were outstanding. The following
      table summarizes the options outstanding as of September 30,
      2007:


Unaudited
            
            **Options**
              **Outstanding**
            
            
            **Weighted
                Average Exercise Price**
            
            
            **Aggregate**
              **Intrinsic
                Value**Outstanding,
                January 1, 2007
            
            
            6,000,000
            
            
            $
            0.02
            
            
            $
            0Reclassified
                from warrants
            
            
            -
            
            
            
            -
            
            
            
            -Granted
            
            
            -
            
            
            
            -
            
            
            
            -Forfeited/Canceled
            
            
            6,000,000
            
            
            
            0.02
            
            
            
            -Exercised
            
            
            -
            
            
            
            -
            
            
            
            -Outstanding,
                September 30, 2007
            
            
            -
            
            
            $
            -
            
            
            $
            0




Following
        is a summary of the status of options outstanding at September 30, 2007:
        The
        weighted average remaining contractual life of options outstanding is
        0 years as of September 30, 2007. The exercise prices for the options
        outstanding as of September 30, 2007 are as follows:
 
 (Unaudited)
 
 Outstanding
                  Options
              
              
              
              
              Exercisable
                  OptionsExercise
                Price
              
              Number
              
              Average
                  Remaining
                Contractual
                  Life
              
              
              Average
                Exercise
                  Price
              
              Number
              
              
              Average
                Exercise
                  Price$
              0
              
              
              
              
              0
              
              
              
              0
              
              
              $
              0
              
              
              
              0
              
              
              $
              0




Warrants





As
      a
      result of the exercises and expiration of warrants, the Company has no Class
      A
      and Class B warrants as of September 30, 2007.  14,898,000 Class B
      warrants, and 500,000 underwriter's B warrants expired on March 12,
      2007.  The Class B warrants are redeemable at any time at the option
      of the Company at a price of $0.0001 per warrant. Holders of the Class B
      warrants have certain rights with respect to the registration of those warrants
      under the Securities Act of 1933.





The
      following table summarizes the warrants outstanding as of September 30,
      2007:




(Unaudited)
            
            **Warrants**
              **outstanding**
            
            
            **Weighted
                Average Exercise Price**
            
            **Aggregate**
              **Intrinsic
                Value**Outstanding,
                January 1, 2007
            
            
            15,398,000
            
            
            $
            0.15
            
            
            $
            0Transferred
                to options
            
            
            -
            
            
            
            -
            
            
            
            -Granted
            
            
            -
            
            
            
            -
            
            
            
            -Forfeited/Canceled
                (March 12, 2007)
            
            
            15,398,000
            
            
            $
            0.15
            
            
            
            -Exercised
            
            
            -
            
            
            
            -
            
            
            
            -Outstanding,
                September 30, 2007
            
            
            -
            
            
            $
            -
            
            
            $
            0





The
      weighted average remaining contractual life of warrants outstanding is zero
      year
      as of  September 30, 2007.




**14.**
            **Private
                Placement**




On
      August
      3, 2007, the Company closed upon a private placement of its shares of common
      stock (the "Shares") pursuant to Regulation S of the Securities Act of 1933,
      as
      amended. The Shares were sold to non-U.S. investors at a price of two ($.02)
      cents per share. The net cash of the sale totaled an aggregate of three million
      two hundred seventy six thousand five hundred seven ($3,275,562) dollars, and
      one hundred sixty three million eight hundred twenty five thousand three hundred
      fifty (163,825,350) shares of common stock were issued.













14





**ITEM
      2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF
      OPERATION**.





The
      following discussion and analysis provides information which we believe is
      relevant to an assessment and understanding of our results of operations and
      financial condition. This discussion should be read in conjunction with the
      financial statements and notes thereto appearing elsewhere herein.





Statements
      in this Form 10-QSB that are not statements of historical or current fact
      constitute "forward-looking statements" within the meaning of the Private
      Securities Litigation Reform Act of 1995. Such forward-looking statements
      involve known and unknown risks, uncertainties and other unknown factors that
      could cause our actual results to be materially different from the historical
      results or from any future results expressed or implied by such forward-looking
      statements. In addition to statements that explicitly describe such risks and
      uncertainties, readers are urged to consider statements labeled with the terms
      "believes," "belief," "intends," "anticipates" or "plans" to be uncertain and
      forward-looking. The forward-looking statements contained herein are also
      subject generally to other risks and uncertainties that are described from
      time
      to time in our reports filed with the Securities and Exchange
      Commission.








**RESULTS
      OF OPERATIONS**





**Revenue**




Revenue
      for the three months ended September 30, 2007 was $2,738,896an increase of 41.3%
      as compared to $1,938,259for the three months
      ended September 30, 2006. Revenue for the nine
      months ended September 30, 2007 was $7,210,970an increase of 24.95%
      as compared to $5,770,991for the nine months
      ended September 30, 2006. Revenues increased during
      the three period as a result of income generated from  new customers
      in Europe and the United States.  Revenue increased for the three
      month and nine month period ended September 30, 2007 as compared with the three
      and nine months ended September 30, 2006 as a result of a income generated
      from
      new customers in Europe and in the United States, as well as an increase from
      30
      CNC MAZAK lathes in 2006 to 40 CNC MAZAK lathes in 2007, which significantly
      increased our production capacity. With continued efforts in implementing our
      business plan to expand market share through continuous marketing and
      advertisement, we were able to fully utilize the new production capacity with
      new orders and customers.





**Expenses
      from Operations**





Total
      expenses, comprised mostly of general and administrative expenses was
      approximately $397,095for
      the three month period ended September 30, 2007, a net increase of $255,708
      compared to $141,387for
      the three month period ended September 30, 2006. Total
      expenses, comprised mostly of general and administrative expenses
      and one-time expenses with respect to the first phase upgrade of the
      equipment at the manufacturing facility owned by our subsidiary AMLF was
      approximately $956,065for
      the nine month period ended September 30, 2007, a net increase of $531,043
      compared to $425,022 for the nine month period ended September 30,
      2006.




The
      increase in operating expenses for the three and nine month periods ended
      September 30, 2007 was mainly due to increased depreciation and amortization
      cost from the new MAZAK lathes we purchased in 2007 and an increase in our
      workforce to operate on the new machines.





**Interest
      Income and Expense**




Net
      interest income for the three months ended September 30, 2007 was $5,408 as
      compared to net interest income of $662 for the three months ended September
      30,
      2006 and net interest income for the nine months ended September 30, 2007 was
      $7,490 as compared to net interest expense of $1,619 for the nine months ended
      September 30, 2006.




















15





**ITEM
      2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF
      OPERATION**. *- continued*





**Other
      Income (Expense)**




Other
      income (expense) for the three months ended September 30, 2007 was $0 as
      compared to other income of $202 for the three months ended September 30, 2006
      and other income (expense) for the nine months ended September 30,
      2007 was $(2,418) as compared to other income of $266 for the nine
      months ended September  30, 2006.





**Net
      Income**




We
      had
      net income of $572,978 for the three months ended September 30, 2007 as compared
      to net income of $369,114 for the three months ended September 30, 2006. We
      had
      net income of $1,449,156for
      the nine months ended
      September 30, 2007 as compared to net income of $1,149,948 for the nine months
      ended September 30, 2006.








**LIQUIDITY
      AND CAPITAL RESOURCES**





Our
      cash
      and cash equivalents were $6,470,280 on September 30, 2007.  We met
      our liquidity needs through the revenue derived pursuant to the sale of our
      precision metal castings  and electronic circuit boards manufactured
      at facilities controlled by our subsidiary corporations in the People’s Republic
      of China, and the issuance of shares of our common stock for cash.





During
      the three month ended September 30, 2007, the Company sold one hundred forty
      nine million nine hundred thirty five thousand and fifty (149,935,050) shares
      of
      common stock pursuant to a private offering conducted in accordance with
      Regulation S of the Securities Act of 1934, at two ($.02) cents per
      share.  The proceeds of the offering during the three months ended
      September 30, 2007 was two million nine hundred ninety eight thousand seven
      hundred and one ($2,998,701) dollars.  During the nine months ended
      September 30, 2007, the Company sold one hundred sixty three million eight
      hundred twenty five thousand three hundred fifty (163,825,350) shares of common
      stock (including the aforementioned one hundred forty nine million nine hundred
      thirty five thousand and fifty (149,935,050) shares of common stock sold during
      the three months ended September 30, 2007) pursuant to the same Regulation
      S
      private offering at two ($.02) cents per share for net
      cash of  three million two hundred seventy five thousand five
      hundred sixty two ($3,275,562) dollars.  The proceeds of the
      offering were distributed as follows:  (i) $2,500,000 million was
      distributed to the Company's subsidiary company AMLF to engage in second phase
      construction to upgrade manufacturing equipment; (ii) $600,000 was distributed
      to our creditors in partial repayment of indebtedness; and (iii) the balance
      of
      $175,562 for general working capital.





Ultimately,
      our success is dependent upon our ability to generate revenues from the sale
      of
      precision metal casting and electronic circuit boards manufactured in facilities
      located in the People’s Republic of China.





During
      the nine month period ended September 30, 2007, we used $956,065 in operating
      activities, and net cash provided from financing activities was
      $3,041,223.





**Off-Balance
      Sheet Arrangements**





We
      have
      no off-balance sheet arrangements.




**Material
      Commitments**





We
      have
      no material commitments during the next twelve (12) months.





**Purchase
      of Significant Equipmen**t





We
      do not
      intend to purchase any significant equipment during the next twelve (12)
      months.











16





**ITEM
      2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF
      OPERATION**. *- continued*





**PLAN
      OF OPERATION**





ACQUISITION
      OF AMERICAN METAL TECHNOLOGY GROUP





As
      reported in the Company’s Current Report on Form 8-K filed with the SEC on May
      29, 2007, and amended by Form 8-K/A on June 12, 2007, on May 22, 2007, the
      Company closed upon the purchase of 100% of the issued and outstanding shares
      of
      American Metal Technology Group, a Nevada corporation (“AMTG”), pursuant to a
      Stock Purchase Agreement dated as of November 6, 2006 (the “Agreement”), as
      first disclosed in an 8-K filing on January 10, 2007. AMTG is now a wholly
      owned
      subsidiary of the Company.





Simultaneously
      with the closing of the Agreement, the Company transferred all of its assets
      owned immediately prior to the closing, including, but not limited to, the
      Klenz-Safe Cleaning Solution, the Hydrogen Production Technology and the
      Rotorcam Engine, and all liabilities associated with such assets, together
      with
      10,000,000 shares of common stock, to Anthony Campo in consideration for the
      cancellation of indebtedness to him. Accordingly, immediately following the
      close of the Agreement, the Company’s sole asset is 100% of the issued and
      outstanding shares of AMTG.





**Our
      Business**




American
      Metal & Technology, Inc., through its wholly owned subsidiary American Metal
      Technology Group, a Nevada corporation (“AMTG”), and through
      AMTG’s subsidiaries, Beijing Tong Yuan Heng Feng Technology Co., Ltd.
      ("BJTY") and American Metal Technology (Lang Fang) Co., Ltd., ("AMLF"),
      primarily specializes in precision casting, machining, mold design and
      manufacturing in the People's Republic of China ("China"). We manufacture
      investment casting and machined products, including valves, pipe fittings,
      regulators, dispensers, machinery spare parts, marine hardware, water treatment
      parts, automotive and airplane accessories, and other equipment parts based
      upon
      blueprints supplied to us by our customers. We use a wide range of ferrous
      and
      non-ferrous materials such as stainless steel, carbon steel, low alloy steel
      and
      aluminum. Our factory is certified with ISO9001 and ISO14001
      standards.  In 2006, the Company through its subsidiary BJTY expanded
      its business to the design and manufacturing of electronic circuit boards and
      motion controllers for home appliances such as washing machines.




Management
      believes there is significant room for expansion for AMTG and our subsidiaries
      in the metal casting, metal fabrication, and circuit board industry worldwide.
      We are in a multi-billion dollar metal casting industry. At least ninety percent
      of all manufactured goods contain one or more cast metal components. Metal
      castings components are integral in the U.S. transportation, energy, aerospace,
      manufacturing, and national defense.  Management believes that the
      Company can satisfy its current cash requirements based upon sales of its
      investment castings, machined products, and circuit boards, and does not believe
      that the Company will have to raise additional funds in the next twelve months,
      although there can be no assurance that our current income from sale of such
      goods will continue.




**Our
      Strategies**




We
      are
      committed to the development of new manufacturing techniques, and to bring
      new
      and technological advanced metal fabricated products to the global market.
      Management believes that our future growth and profitability depend on our
      ability to maintain product quality, control production costs, increase
      production capacity, improve our marketing and distribution channels, increase
      product offerings, and to effectively react to market changes.





**Capitalize
      on our cost structure and logistical advantages:**





Our
      business objectives are to maintain current growth rate while expanding customer
      base both domestically and to the international market. When introducing our
      products and services to the international market, we hope to take advantage
      of
      the low overhead costs and inexpensive labor available in China based upon
      the
      location of our principal manufacturing facility in Beijing, and our future
      facilities in Hebei, China. In the event we are successful in attracting foreign
      customers, the close proximity of the factory complex to the Tianjin sea port,
      one of the main seaports in China, should provide us convenient transportation
      of our products to those foreign customers. There are, however, limitations
      in
      having all our manufacturing facility in China. There would be additional
      shipping, handling,
      and possible tariff costs associated with potential overseas customers. This
      may
      make finding international clients difficult as it would increase their overall
      costs.





17





**ITEM
      2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF
      OPERATION**. *- continued*





**Change
      our product line in response to market demand:**





Our
      strategy is to respond to changes in market conditions by changing product
      lines
      respectively. Management believes the demand market is changing rapidly. In
      order for us to capture the most profitable products in the future, we plan
      to
      setup a professional market intelligence team to monitor and respond to market
      changes and reported to the management on a timely basis.





**Maintain
      high product quality:**





Management
      believes that identifying each customer's needs and efficiently addressing
      its
      needs are vital to maintaining a competitive advantage to the success of the
      business. Management believes that our commitment to services levels and
      attention to detail and quality has the effect of providing customers with
      a
      sense of confidence and security that their product requirements will be met
      and
      their products will be delivered on time. The factory complex in Beijing, China,
      at which we conducted all of our manufacturing operations, was designed paying
      particular attention to factory layout, cleanliness, incoming material control,
      in-process quality control, finished goods quality control and final quality
      examination.




**ITEM
      3. CONTROLS AND PROCEDURES**





As
      of the
      end of the period covered by this report, the Company carried out an evaluation,
      under the supervision and the with the participation of the Company’s
      management, including the Company’s Chief Executive Officer and its Chief
      Financial Officer, of the effectiveness of the design and operation of the
      Company’s controls and procedures, as defined in Exchange Act Rules 13a-15(e)
      and 15d-15(e). Based upon that evaluation, the Company’s Chief Executive Officer
      and Chief Financial Officer concluded that the Company’s disclosure controls and
      procedures are effective in enabling the Company to record, process, summarize
      and report information required to be included in the Company's periodic SEC
      filings within the required time period.





There
      have been no significant changes in our internal controls or in other factors
      that could significantly affect these controls subsequent to the Evaluation
      Date.









18





**PART
      II - OTHER INFORMATION**




**Item
      1. Legal Proceedings.**





We
      know
      of no material, existing or pending legal proceedings against our company,
      nor
      are we involved as a plaintiff in any material proceeding or pending litigation.
      There are no proceedings in which any of our directors, officers or affiliates,
      or any registered or beneficial shareholder, is an adverse party or has a
      material interest adverse to our interest.





**Item
      2. Unregistered Sales of
      Equity Securities and Use of Proceeds.**





Pursuant
      to a private placement conducted in accordance with Regulation S of the
      Securities Act of 1933, as amended, the net cash received by the Company was
      $3,275,562 through the issuance of 163,825,350 shares of common stock at $.02
      per share.  The offering closed on August 3, 2007.  The net
      cash of the offering were distributed as follows:  (i) $2,500,000
      million was distributed to the Company’s subsidiary company AMLF to engage in
      second phase construction to upgrade manufacturing equipment; (ii) $600,000
      was
      distributed to our creditors in partial repayment of indebtedness; and (iii)
      the
      balance of $175,562 for general working capital.




**Item
      3. Defaults upon Senior Securities - None.**




**Item
      4. Submission of Matters to a Vote of Security Holders  -
      None.**




**Item
      5. Other Information:**





The
      Company announced in a Current Report on Form 8-K on August 10, 2007, that
      it
      had closed upon the private placement of shares of common stock, raising net
      cash of $3,275,562 through the issuance of 163,825,350 shares of common stock
      at
      $.02 per share.





The
      Company filed a registration
      statement on Form SB-2 , which became effective on November 2, 2007, registering
      426,104,020 shares of
      common stock.  The shares of common stock registered were shares
      previously issued, including a portion of the shares issued pursuant to the
      Regulation S private placement which closed on August 10, 2007.  The
      Company will not receive any proceeds from the Selling
      Shareholders.





**Item
      6. Exhibits and Reports on Form 8-K**




(A)
      Exhibits




Exhibit Number
            Description




31
            Certification
                pursuant to Section 302 of the
                Sarbanes-Oxley Act of 2002




32
            Certification
                pursuant to Section 906 of the
                Sarbanes-Oxley Act of 2002







(B)
      Reports on Form 8-K





(1)
            Filed
                August 10, 2007, the Company announced the closing of a private placement
                of its shares of common stock(2)
            Filed
                August 21, 2007, the Company attached an Investor Fact Sheet, dated
                August
                2007, which the Company intends to utilize to provide general information
                with respect to the Company and the industry in which it operates;
                together with certain financial information as previously reported
                in the
                Company’s filings with the United States Securities and Exchange
                Commission.


















19




SIGNATURES





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








AMERICAN
      METAL & TECHNOLOGY, INC.


(Registrant)




Date:
                November 14, 2007
            By:
            /s/
              Chen
              GaoChen
                GaoTitle:
                President and Chief Executive Officer










































20