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 June 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




1,416,549,007
      shares of the registrant's
      Common
      Stock, $.0001 per share, were outstanding as of August 10,
      2007







1


AMERICAN
      METAL & TECHNOLOGY, INC.


TABLE
      OF
      CONTENTS


FORM
      10-QSB





PART I FINANCIAL INFORMATIONItem
                Number
            
            PageItem
                1.
            Financial
                Statements
            3Consolidated
                Balance Sheets as of June 30, 2007 (Unaudited)
            3Consolidated
                Statements of Income and Other Comprehensive Income for the Three
                Months
                and Six Months Ended June 30, 2007 and 2006 (Unaudited)
            4Consolidated
                Statements of Cash Flows for the Six Months Ended June 30, 2007 and
                2006
                (Unaudited)
            5Notes
                to Financial Statements
            6
                - 15Item
                2.
            Management’s
                Discussion and Analysis Or Plan of Operation
            15Item
                3.
            Controls
                and Procedures
            17PART
                II OTHER INFORMATION
            18Item
                1.
            Legal
                Proceedings
            18Item
                2.
            Unregistered
                Sale of Equity Securities and Use of Proceeds
            18Item
                3.
            Defaults
                Upon Senior Securities
            18Item
                4.
            Submission
                of Matters to a Vote of Security Holders
            18Item
                5.
            Other
                Information
            19Item
                6.
            Exhibits
                and Reports on Form 8-K
            19Signatures
            19





2


**PART
      I. FINANCIAL INFORMATION**




**ITEM
      1. FINANCIAL STATEMENTS**








AMERICAN
                METAL & TECHNOLOGY, INC. AND SUBSIDIARIES(FORMERLY
                MURRAY UNITED DEVELOPMENT CORPORATION)CONSOLIDATED
                BALANCE SHEETAS
                OF JUNE 30, 2007(UNAUDITED)**ASSETS****Current
                Assets**Cash
                and cash equivalents
            $
            1,956,188Accounts
                receivable - net
            
            1,653,879Notes
                receivable
            
            235,137Other
                receivables
            
            2,335Advances
                to suppliers
            
            120,416Inventories
            
            576,459**Total
                Current Assets**
            
            4,544,414**Property,
                Plant And Equipment - Net**
            
            2,996,346**Intangible
                Assets, Net**
            
            687,308**Total
                Assets**
            $
            8,228,068**LIABILITIES
                AND SHAREHOLDERS' EQUITY****Current
                Liabilities**Accounts
                payable
            $
            329,206Accrued
                liabilities and other payables
            
            58,963Advance
                payments
            
            277,806Amount
                due to related parties
            
            601,871Unearned
                revenue
            
            3,547**Total
                Current Liabilities**
            
            1,271,393**Minority
                Interests**
            
            350,897**Commitments**
            
            -**Shareholders'
                Equity**Preferred
                Stock, par value $0.0001, authorized 100,000,000 share; none issued
                and
                outstanding; Common Stock, par value $0.0001, authorized 200,000,000
                shares, issued and outstanding 1,416,549,007 shares
            
            141,655Additional
                paid in capital
            
            1,623,059Statutory
                reserve
            
            898,989Accumulated
                other comprehensive income
            
            456,386Retained
                earnings
            
            3,485,689**Total
                Stockholders' Equity**
            
            6,605,778**Total
                Liabilities and Shareholders' Equity**
            $
            8,228,068The
                accompanying notes are an integral part of these condensed consolidated
                financial statements.


3





AMERICAN
                METAL & TECHNOLOGY, INC. AND SUBSIDIARIES(FORMERLY
                MURRAY UNITED DEVELOPMENT CORPORATION)CONSOLIDATED
                STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOMEFOR
                THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 2007 AND 2006(UNAUDITED)**Three
                months ended**
            
            
            **Six
                months ended****June
                30**
            
            
            **June
                30****2007**
            
            
            **2006**
            
            
            **2007**
            
            
            **2006****Net
                sales**
            
            $
            2,410,578
            
            
            $
            2,096,748
            
            
            $
            4,472,075
            
            
            $
            3,832,732**Cost
                of goods sold**
            
            
            (1,633,663
            )
            
            
            (1,501,354
            )
            
            
            (3,036,457
            )
            
            
            (2,727,405
            )**Gross
                profit**
            
            
            776,915
            
            
            
            595,394
            
            
            
            1,435,618
            
            
            
            1,105,327**Operating
                expenses**Selling
                expenses
            
            
            (7,423
            )
            
            
            (5,510
            )
            
            
            (14,258
            )
            
            
            (8,699
            )Operating
                and administrative expenses
            
            
            (278,503
            )
            
            
            (147,603
            )
            
            
            (540,074
            )
            
            
            (274,937
            )**Total
                operating expenses**
            
            
            (285,926
            )
            
            
            (153,113
            )
            
            
            (554,332
            )
            
            
            (283,636
            )**Income
                from operations**
            
            
            490,989
            
            
            
            442,281
            
            
            
            881,285
            
            
            
            821,691**Other
                income (expense)**Interest
                income (expense)
            
            
            655
            
            
            
            667
            
            
            
            2,082
            
            
            
            957Other income
                (expense)
            
            
            (347
            )
            
            
            64
            
            
            
            (2,418
            )
            
            
            64**Total
                other income (expense)**
            
            
            308
            
            
            
            731
            
            
            
            (336
            )
            
            
            1,021**Income
                before provision for income taxes and minority
                interest**
            
            
            491,297
            
            
            
            443,012
            
            
            
            880,950
            
            
            
            822,712**Provision
                for income taxes**
            
            
            4,638
            
            
            
            -
            
            
            
            4,638
            
            
            
            -**Income
                before minority interests**
            
            
            486,659
            
            
            
            443,012
            
            
            
            876,312
            
            
            
            822,712**Minority
                interests**
            
            
            (287
            )
            
            
            21,997
            
            
            
            132
            
            
            
            41,879**Net
                income**
            
            
            486,946
            
            
            
            421,015
            
            
            
            876,179
            
            
            
            780,833**Other
                comprehensive income**Foreign
                currency translation adjustment
            
            
            101,079
            
            
            
            17,901
            
            
            
            192,372
            
            
            
            20,111**Comprehensive
                income**
            
            $
            588,025
            
            
            $
            438,916
            
            
            
            1,068,551
            
            
            
            800,944**Basic
                weighted average shares outstanding**
            
            
            1,264,848,464
            
            
            
            1,128,842,167
            
            
            
            1,206,178,649
            
            
            
            1,128,842,167**Basic
                net earnings per share**
            
            $
            0.0004
            
            
            $
            0.0004
            
            
            $
            0.0007
            
            
            $
            0.0007**Diluted
                weighted average shares outstanding**
            
            
            1,268,935,797
            
            
            
            1,128,842,167
            
            
            
            1,211,665,367
            
            
            
            1,128,842,167**Diluted
                net earnings per share**
            
            $
            0.0004
            
            
            $
            0.0004
            
            
            $
            0.0007
            
            
            $
            0.0007The
                accompanying notes are an integral part of these condensed consolidated
                financial statements.




4




AMERICAN
                METAL & TECHNOLOGY, INC. AND SUBSIDIARIES(FORMERLY
                MURRAY UNITED DEVELOPMENT CORPORATION)CONSOLIDATED
                STATEMENTS OF CASH FLOWSFOR
                THE SIX MONTHS ENDED JUNE 30, 2007 AND 2006(UNAUDITED)**2007**
            
            
            **2006**Cash
                flows from operating activities:Net
                Income
            
            $
            876,179
            
            
            $
            780,833Adjustments
                to reconcile net income tonet
                cash provided by operating activities:Minority
                interest
            
            
            132
            
            
            
            41,879Depreciation
                and amortization
            
            
            116,446
            
            
            
            108,575(Increase)/decrease
                in assets:Accounts
                receivable
            
            
            (712,149
            )
            
            
            (939,584
            )Note
                receivable
            
            
            (74,555
            )
            
            
            (119,901
            )Other
                receivables
            
            
            (42,244
            )
            
            
            (793,469
            )Inventory
            
            
            (85,121
            )
            
            
            (114,948
            )Advance
                to suppliers
            
            
            537,737
            
            
            
            769,830Prepaid
                expenses
            
            
            139,282
            
            
            
            375,912Increase/(decrease)
                in liabilities:Accounts
                payable
            
            
            103,889
            
            
            
            134,872Other
                payable and accrued expenses
            
            
            (4,650
            )
            
            
            196,889Unearned
                revenue
            
            
            1,138
            
            
            
            (529,404
            )Net
                Cash Provided By (Used In) Operating Activities
            
            
            856,085
            
            
            
            (88,515
            )Cash
                flows from investing activities:Purchase
                of equipment and leasehold improvements
            
            
            (100,628
            )
            
            
            (516,827
            )Net
                Cash Used in Investing Activities
            
            
            (100,628
            )
            
            
            (516,827
            )Cash
                flows from financing activities:Cash
                received on stock issuance
            
            
            -
            
            
            
            119,980Proceeds
                from advance payments
            
            
            277,806Proceeds
                from loans
            
            
            28,865
            
            
            
            780,020Net
                Cash Provided By Financing Activities
            
            
            306,671
            
            
            
            900,000Net
                Increase in Cash and Cash Equivalents
            
            
            1,062,127
            
            
            
            294,658Effects
                of Exchange Rate Change in Cash
            
            
            106,617
            
            
            
            887Cash
                and Cash Equivalents-Beginning Balance
            
            
            787,444
            
            
            
            146,623Cash
                and Cash Equivalents-Ending Balance
            
            
            1,956,188
            
            
            
            442,168Supplement
                disclosure of cash flow information:Income
                taxes paid
            
            $
            4,638
            
            
            $
            -Interest
                expenses paid
            
            $
            841
            
            
            $
            -Non
              Cash TransactionsShares
                Issued Due To Reorganization
            
            $
            27,416
            
            
            $
            -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 was in the development stage since inception until the closing of the
      transaction discussed in the next paragraph. Activities of the Company were
      limited to the acquisition of funds from the sale of its common stock; the
      acquisition of the licensing rights for and, subsequently, title to, the engine
      technology; research and development related to the development of an initial
      fuel-driven prototype of the engine.





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 former 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 and 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. The Company
      uses a wide range of ferrous and non-ferrous materials such as stainless steel,
      carbon steel, monel alloy, hastelloy alloy, and other various types of alloys.
      In 2006, AMTG via Beijing Tong Yuan Heng Feng Technology Co., Ltd., expanded
      its
      business to the design and manufacturing of electronic circuit boards and motion
      controllers for home appliances such as washing machines.





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. In 2006, AMTG raised $120,000 from an individual investor
      in
      a Reg S offering at $1 per share. AMTG received net $119,860 and issued
      120,000 shares.







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 six month period ended June 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:





Subsidiaries
            Percentage
              Of
                OwnershipAmerican
                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 the December 31, 2006.  The consolidated financial statements
      generally reflect only the activities of BJTY and AMLF at its historical cost.
      BecauseMurray
      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 June 30, 2007, cash
      and
      cash equivalent amounted to $1,956,188.




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 June 30, 2007, the Company had
      accounts receivable of $1,653,879. The Company’s management has determined that
      there is no need of an allowance for bad debts as of June 30, 2007.






Advances
      to suppliers




The
      Company advances to certain vendors for the purchase
      of material. As of June 30, 2007, the advances to suppliers amounted to
      $120,416.


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 six months
      ended
      June 30, 2007 and June 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 June 30, 2007 amounted to $3,547.





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 $ 456,386 as of June 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 June 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 six months ended June 30, 2007 and 2006.





If
      the
      Company had not been exempt from paying income taxes during the six months
      ended
      June 30, 2007 and 2006, income tax expense would have been approximately
      $289,183 and $271,495, respectively, and earnings per share would have been
      reduced by  $0.0002 and $0.0002, respectively.





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.**
            **Notes
                receivable**





Notes
      receivable amounted to $235,137 as of June 30, 2007. The notes receivable are
      due from an unrelated party, current, unsecured, and interest free.





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





Other
      receivable amounted to $2,335 as of June 30, 2007. The other receivables are
      all
      from unrelated parties, due on demand, and interest free.





**5.**
            **Inventories**





Inventories
      consisted of the followings at June 30, 2007:




2007
              (Unaudited)Supplies
                and raw materials
            
            $
            393,298Work
                in process
            
            
            102,764Finished
                goods
            
            
            80,397Totals
            
            $
            576,459







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





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




2007
              (Unaudited)Building
                and improvements
            
            $
            862,527Vehicle
            
            
            21,362Machinery
                and equipments
            
            
            2,615,182Totals
            
            
            3,499,071Less:
                accumulated depreciation
            
            
            502,725$
            2,996,346





Depreciation
      expenses for the six months ended June 30, 2007 and 2006 were $98,905, and
      $94,719, respectively.







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




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




2007
              (Unaudited)Land
                use right,
                net
            
            $
            567,068Permits, net
            
            
            120,240Total
            
            $
            687,308




11


**AMERICAN
      METAL & TECHNOLOGY, INC. AND SUBSIDIARIES**


**(FORMERLY
      MURRAY UNITED DEVELOPMENT CORPORATION)**


**NOTES
      TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**


**(UNAUDITED)**







**7.**
            **Intangible
                assets***-
                continued*  **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 $597,070. The land use right is for fifty
      years. The land use right consists of the followings as of June 30,
      2007:





2007
              (Unaudited)Land
                use right
            
            $
            597,070Less:
                accumulated amortization
            
            
            30,002$
            567,068





**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
        $163,065. The permits are for ten years. The permits consist of the followings
        as of June 30, 2007:


2007
              (Unaudited)Prepaid
                expenses
            
            $
            163,065Less:
                accumulated amortization
            
            
            42,825$
            120,240





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 June 30, 2007 the Company expects these assets to be fully
      recoverable.





Total
      amortization expenses for the six months ended June 30, 2007 and 2006 amounted
      to $17,541 and $13,856 respectively. Amortization expenses for next five years
      after June 30, 2007 are as follows:




June 30, 2008
            
            $
            27,572June
                30, 2009
            
            
            27,572June
                30, 2010
            
            
            27,572June
                30, 2011
            
            
            27,572June
                30, 2012
            
            
            27,572Total
            
            $
            137,860






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





Other
      payable and accrued expenses amounted to $58,963 as of June 30, 2007. Other
      payable and accrued expenses include taxes payables of  $30,888,
      accrued welfare $24,575 and other accrued expenses $3,500.





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





Due
      to
      related parties amounted to $601,871 as of June 30, 2007. Due to related parties
      includes $601,271 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.




12


**AMERICAN
      METAL & TECHNOLOGY, INC. AND SUBSIDIARIES**


**(FORMERLY
      MURRAY UNITED DEVELOPMENT CORPORATION)**


**NOTES
      TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**


**(UNAUDITED)**








**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 amount allocated to the surplus reserve amounted
      to
      $244,286 and $78,083 for the six months ended June 30, 2007 and 2006,
      respectively.




The
      Company established a reserve for the annual contribution of 5% of net income
      to
      the common welfare fund. The amount allocated to the surplus reserve amounted
      to
      $122,143 and $39,041 for the six months ended June 30, 2007 and 2006,
      respectively.




The
      total
      statutory reserve, as of June 30, 2007, amounted to $898,989.





**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




Two
      major
      customers accounted for 76% of the net revenue for the six months ended June
      30,
      2007 with each customer individually accounting for about 66% and 10%. The
      Company had approximately $686,073 accounts receivable from the customers as
      of
      June 30, 2007.





Two
      vendors provided 76% of the Company’s purchase of raw materials for the six
      months ended June 30, 2007 with each vendor individually accounting for about
      63% and 13%. The Company had $123,715 accounts payable to these vendors as
      of
      June 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 $350,897 as of June 30, 2007 which represents 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. As of June 30, 2007, all options were fully vested. No options
      were
      issued during six months ended June 30, 2007 and June 30, 2006. The following
      table summarizes the options outstanding as of June 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
            
            
            -
            
            
            
            -
            
            
            
            -Exercised
            
            
            -
            
            
            
            -
            
            
            
            -Outstanding,
                June 30, 2007
            
            
            6,000,000
            
            
            $
            0.02
            
            
            $
            0








Following
      is a summary of the status of options outstanding at June 30, 2007: The weighted
      average remaining contractual life of options outstanding is 5 years as of
      June
      30, 2007. The exercise prices for the options outstanding as of June 30, 2007
      are as follows:





(Unaudited)


Outstanding
                Options
            
            
            
            
            Exercisable
                OptionsExercise
              Price
            
            Number
            
            Average
                Remaining
              Contractual
                Life
            
            
            Average
              Exercise
                Price
            
            Number
            
            
            Average
              Exercise
                Price$
            0.02
            
            
            
            
            6,000,000
            
            
            
            5
            
            
            $
            0.02
            
            
            
            6,000,000
            
            
            $
            0.02







Warrants





As
      a
      result of the exercises and expiration of warrants, the Company has no Class
      A
      and Class B warrants as of June 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 June 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,
                June 30, 2007
            
            
            -
            
            
            $
            -
            
            
            $
            0


14


**AMERICAN
      METAL & TECHNOLOGY, INC. AND SUBSIDIARIES**


**(FORMERLY
      MURRAY UNITED DEVELOPMENT CORPORATION)**


**NOTES
      TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**


**(UNAUDITED)**








**14.**
            **Subsequent
                event**




Pursuant
      to a private
      placement conducted in accordance with Regulation S of the Securities Act of
      1933, as amended, the Company raised $3,276,507 through the issuance of
      163,825,350 shares of common stock at $.02 per share.  The offering closed
      as of August 3, 2007.







**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 June 30, 2007 was $2,410,578, an increase of 14.97%
      as compared to $2,096,748 for the three months ended June 30, 2006. Revenue
      for
      the six months ended June 30, 2007 was $4,472,074, an increase of 16.68% as
      compared to $3,832,732 for the six months ended June 30, 2006. Revenues
      increased during the three and six months ended June 30, 2007 as compared with
      the three and six months ended June 30, 2006 as a result of 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 and one-time
      expenses with respect to the first phase upgrade of the equipment at the
      manufacturing facility owned by our subsidiary American Metal Technology (Lang
      Fang) Co., Ltd., ("AMLF"), was approximately $285,926 for the three month period
      ended June 30, 2007, a net increase of $132,813, compared to $153,113 for
      the three month period ended June 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 $554,332 for the six month period ended June 30, 2007, a net
      increase of $270,696 compared to $283,636 for the six month period ended
      June 30, 2006.  The increase in operating expenses 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.




15




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




Interest Income and Expense




Net
      interest income for the three months ended June 30, 2007 was $655 as compared
      to
      net interest income of $667 for the three months ended June 30, 2006 and net
      interest income for the six months ended June 30, 2007 was $2,083 as compared
      to
      net interest expense of $957 for the six months ended June 30,
      2006.





**Other
      Income (Expense)**


Other
        income (expense) for the three months ended June 30, 2007 was $(347) as compared
        to other income of $64 for the three months ended June 30, 2006
        and other income (expense) for the six months ended June 30, 2007 was
        $(2,418) as compared to other income of $64 for the six months ended
        June 30, 2006.





**Net
      Income**




We
      had
      net income of $486,946 for the three months ended June 30, 2007 as compared
      to
      net income of $421,015 for the three months ended June 30, 2006. We had net
      income of $876,179 for the six months ended June 30, 2007 as compared to net
      income of $780,833 for the six months ended June 30, 2006.








**LIQUIDITY
      AND CAPITAL RESOURCES**





Our
      cash
      and cash equivalents were $1,956,188 on June 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 and sixth month period ended June 30, 2007, we sold
      13,890,300shares of
      our common stock and received $277,806.  Since June 30, 2007, we sold
      149,935,050 shares of our common stock, and received
      $2,998,701. 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 $176,507 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 six month period ended June 30, 2007, we used $856,085 in operating
      activities, and raised $306,671 from financing activities.








**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 on 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.




Management
      believes there is significant room for
      expansion for AMTG and our subsidiaries in the metal casting and metal
      fabrication 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.




16


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





**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.




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 its 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.






17




**PART
      II - OTHER INFORMATION**






**Item
      1. Legal Proceedings - None**






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





On
      May
      22, 2007, pursuant to the terms of the Stock Purchase Agreement dated as of
      November 6, 2006 (the “Agreement”) with American Metal Technology Group, a
      Nevada corporation (“AMTG”), as reported on Form 8-K filed on January 10, 2007,
      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 issued to AMTG as investment upon completion of the
      due
      diligence period pursuant to the Agreement, and redistributed proportionally
      to
      AMTG’s shareholder on 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 shares issued were issued without registration pursuant
      to
      Section 4(2) of the Securities Act of 1933 for U.S. investors, or pursuant
      to
      Regulation S for all non-U.S. investors, and are therefore "restricted"
      securities. Such shares may not therefore be transferred without either the
      registration of such shares with the Securities and Exchange Commission or
      an
      exemption from such registration requirements pursuant to the Securities Act
      of
      1933, as amended.





In
      addition and also pursuant to the terms of the Agreement, on May 22, 2007 the
      Company issued 10,000,000 shares to Anthony Campo, in partial consideration
      for
      the cancellation of indebtedness to him. The shares issued to Mr. Foster were
      issued without registration pursuant to Section 4(2) of the Securities Act
      of
      1933 and are therefore "restricted" securities. Such shares may not therefore
      be
      transferred without either the registration of such shares with the Securities
      and Exchange Commission or an exemption from such registration requirements
      pursuant to the Securities Act of 1933, as amended.





Pursuant
      to a private placement conducted in accordance with Regulation S of the
      Securities Act of 1933, as amended, the Company raised $3,276,507 through the
      issuance of 163,825,350 shares of common stock at $.02 per share.  The
      offering closed on August 3, 2007.  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 $176,507 for
      general working capital.







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






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




On
      May 2, 2007, pursuant to the terms of Stock
      Purchase Agreement dated as of November 6, 2006 (the “Agreement”) by and among
      the Company, American Metal Technology Group, a Nevada corporation (“AMTG),and
      the shareholders of AMTG, the Company’s shareholders owning a majority of the
      issued and outstanding shares approved by written consent to amend the
      Certificate of Incorporation to increase the number of authorized common shares
      to 1,500,000,000 and the number of preferred shares to
      100,000,000.





On
      May
      20, 2007 to better reflect the nature of the Company pursuant to its acquisition
      of AMTG and the change in ownership, the shareholders owning a majority of
      the
      issued and outstanding shares approved by written consent to amend the
      Certificate of Incorporation to change the name of the corporation from Murray
      United Development Corp. to American Metal & Technology, Inc., effective as
      of June 1, 2007.





On
      June
      28, 2007, the Company’s shareholders owning a majority of the issued and
      outstanding shares approved by written consent to amend the Certificate of
      Incorporation to increase the number of authorized common shares to
      2,000,000,000.  The number of authorized shares of preferred stock
      remained at 100,000,000.





18
  **Item
        5. Other Information:**
 
 The
        Company entered into a Stock Purchase Agreement dated as of November 6, 2006
        (the “Agreement”) with American Metal Technology Group, a Nevada corporation
        (“AMTG), pursuant to which the Company acquired 100 % of AMTG’s outstanding
        common stock from AMTG’s shareholders (the “Sellers”), 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, in February 2007 AMTG advanced to the Company
      $35,000 for the reimbursement of certain expenses incurred by the
      Company.





On
      May
      21, 2007, AMTG advanced to the Company an additional $15,000 for the
      reimbursement of certain expenses incurred by the Company pursuant to the terms
      of the Agreement.





On
      May
      22, 2007 the Agreement closed with respect to the purchase of American Metal
      Technology Group. Pursuant to the terms of the Agreement, more than eighty
      five
      (85%) of the Company’s issued and outstanding shares of voting capital stock on
      a fully diluted basis were issued to the shareholders and consultants of AMTG,
      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 closing of the Agreement was reported on a Form 8-K filed by the
      Company on May 29, 2007, as amended on Form 8-K/A June 12, 2007.





On
      August 10, 2007, the Company
      announced that it had closed upon the private placement of shares of common
      stock, raising$3,276,507 through the issuance of 163,825,350 shares of
      common stock at $.02 per share.





**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
                January 9, 2007, the
                Company entered into an agreement to acquire 100% of American Metal
                Technology Group.





(2)
            Filed
                May 29, 2007, the Company
                closed upon the agreement to acquire 100% of American Metal Technology
                Group.





(3)
            Filed
                June 12, 2007, the Company amended its Filing of May 29,
                2007.





(4)
            Filed
                August 10, 2007, the Company announced the closing of a private placement
                of its shares of common stock











**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:
                August 14,
                2007
            By:
            /s/ *Chen
              Gao*Chen
                GaoTitle:
              President and Chief
              Executive Officer





19