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 January 31, 2007




or





oTRANSITION
      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





**MURRAY
      UNITED DEVELOPMENT CORP.**


(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.)







P.O.
                  Box 669, Huntington, New York
                  11743(Address
                  of principal executive offices)
                  (Zip Code)Registrant's
                  telephone number, including
                  area code (908)979-3025No
                  Change(Former
                  Name, Former Address, if changed
                  since last report)





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
xNo
o




173,253,434
      shares of the registrant's Common Stock ,$.0001 per share, were outstanding
      as
      of March
      23,
      2007.










1


MURRAY
      UNITED DEVELOPMENT CORPORATION





TABLE
      OF
      CONTENTS


FORM
      10-QSB





PART
                I FINANCIAL
                INFORMATIONItem
              Number
            
            PageItem
              1.
            Financial
              Statements
            3Balance
              Sheets
            3Statements
              of Operations
            4Statements
              of Stockholders’ Deficiency
            5Statements
              of Cash Flow
            6Notes
              to Financial Statements
            7
                - 8Item
              2.
            Management’s
              Discussion and Analysis Or Plan of Operation
            9
                - 13Item
              3.
            Controls
              and Procedures
            13PART
              II OTHER INFORMATION
            14Item
                1.
            Legal
              Proceedings
            14Item
              2.
            Changes
              in Securities and Use of Proceeds
            14Item
              3.
            Defaults
              upon Senior Securities
            14Item
              4.
            Submission
              of Matters to a Vote of Security Holders
            15Item
              5.
            Other
              Information
            15Item
              6.
            Exhibits
              and Reports
              on Form 8-K
            15Signatures
            16








2


PART I FINANCIAL INFORMATION




Item 1. Financial Statements




MURRAY
                  UNITED DEVELOPMENT CORPORATION(A
                  Company in the Development Stage)BALANCE
                  SHEETS(UNAUDITED)**January
                  31, 2007**
              
              
              **July
                  31, 2006****ASSETS**Current
                  assetsCash
                  & cash equivalents
              
              $
              34
              
              $
              1,707Loan
                  Receivable
              
              
              2,000
              
              
              2,000Total
                  current assets
              
              $
              2,034
              
              $
              3,707Total
                  assets
              
              $
              2,034
              
              $
              3,707


**LIABILITIES
                  AND STOCKHOLDERS' DEFICIENCY**Current
                  liabilities:Accounts
                  payable and accrued expenses
              
              $
              72,724
              
              $
              26,435Total
                  current liabilities
              
              
              72,724
              
              
              26,435Other
                  liabilities:Accrued
                  interest payable
              
              
              133,986
              
              
              100,684Notes
                  payable-other stockholder
              
              
              882,978
              
              
              868,878Accrued
                  compensation
              
              
              148,128
              
              
              148,128Total
                  other liabilities
              
              
              1,165,092
              
              
              1,117,690Total
                  liabilities
              
              
              1,237,816
              
              
              1,144,125Stockholders'
                  deficiency:Common
                  Stock, par value $.0001:Authorized
                  200,000,000 shares;issued
                    and outstanding173,253,434
                    shares and 173,253,434 shares
              
              
              17,326
              
              
              17,326Additional
                  paid-in capital
              
              
              3,232,521
              
              
              3,232,521Deficit
                  accumulated in the development stage
              
              
              (4,485,629
              )
              
              (4,390,265
              )Total
                  stockholders' deficiency
              
              
              (1,235,782
              )
              
              (1,140,418
              )Total
                  Liabilities and Stockholders’ Deficiency
              
              $
              2,034
              
              $
              3,707The
                  accompanying notes are an integral part of the financial
                  statements.




3




MURRAY
                  UNITED DEVELOPMENT CORPORATION(A
                  Company in the development Stage)STATEMENTS
                  OF OPERATIONS**CUMULATIVE****FOR
                  THE THREE MONTHS
                  ENDED**
              
              
              **FOR
                  THE SIX MONTHS ENDED**
              
              
              **AMOUNTS****JANUARY
                  31, 2007 AND 2006**
              
              
              **JANUARY
                  31, 2007 AND 2006**
              
              
              **FROM****2007**
              
              
              **2006**
              
              
              **2007**
              
              
              **2006**
              
              
              **INCEPTION**IncomeInterest
                  income
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              66,465Total
                  Income
              
              
              
              
              
              
              
              
              -
              
              
              -
              
              
              66,465ExpensesResearch
                  and development costs
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              876,771Licensing
                  fees-stockholder and affiliate
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              57,260General
                  and administrative expenses
              
              
              20,328
              
              
              21,769
              
              
              62,060
              
              
              55,136
              
              
              3,176,423Interest
                  expense-stockholder and affiliate
              
              
              16,974
              
              
              30,065
              
              
              33,302
              
              
              69,245
              
              
              1,074,140Total
                  Expenses
              
              
              37,302
              
              
              51,834
              
              
              95,362
              
              
              124,381
              
              
              5,184,594(Loss)
                  from operations
              
              $
              (37,302
              )
              $
              (51,834
              )
              $
              (95,362
              )
              $
              (124,381
              )
              $
              (5,118,129
              )Other
                  IncomeDebt
                  forgiveness
              
              
              -
              
              
              632,500
              
              
              -
              
              
              632,500
              
              
              632,500Total
                  Other Income
              
              
              -
              
              
              632,500
              
              
              -
              
              
              632,500
              
              
              632,500Net
                  Income (Loss)
              
              $
              (37,302
              )
              $
              580,666
              
              $
              (95,362
              )
              $
              508,119
              
              $
              (4,485,629
              )Net
                  loss per common share
              
              $
              (Nil
              )
              $
              (Nil
              )
              $
              (Nil
              )
              $
              (Nil
              )
              $
              (0.026
              )Weighted
                    average number of common shares outstanding
              
              
              
              
              
              
              
              
              173,253,434
              
              
              92,712,063
              
              
              173,253,454The
                  accompanying notes are an integral part of the financial
                  statements.






4




MURRAY
                  UNITED DEVELOPMENT CORPORATION(A
                  COMPANY IN THE DEVELOPMENT STAGE)STATEMENTS
                  OF STOCKHOLDERS' EQUITY (DEFICIENCY)SIX
                  MONTHS ENDED JANUARY 31, 2007 AND CUMULATIVE AMOUNTS FROM OCTOBER
                  13,
                  1987(DATE
                  0F INCEPTION)(UNAUDITED)**Common
                  Stock Number of Shares**
              
              
              **Amounts**
              
              
              **Additional
                  Paid in Capital**
              
              
              **Deficit
                  Acuumulated in the Developmental Stage**
              
              
              **Total**Balance
                  July 31, 2006
              
              
              173,253,434
              
              $
              17,326
              
              $
              3,232,521
              
              $
              (4,390,267
              )
              $
              (1,140,420
              )Net
                  Loss at 1/31/2007
              
              
              -
              
              $
              -
              
              $
              -
              
              $
              (95,362
              )
              $
              (95,362
              )173,253,434
              
              $
              17,326
              
              $
              3,232,521
              
              $
              (4,485,629
              )
              $
              (1,235,782
              )The
                  accompanying notes are an integral part of the financial
                  statements.






5




MURRAY
                  UNITED DEVELOPMENT CORPORATION(A
                  Company in the Development Stage)STATEMENTS
                  OF CASH FLOWSSIX
                  MONTHS ENDED JANUARY 31, 2007 AND 2006CUMULATIVE
                  AMOUNTS FROM OCTOBER 13, 1987(DATE
                  OF INCEPTION)(UNAUDTIED)**2007**
              
              
              **2006**
              
              
              **Cumulative
                  from Inception**Operating
                  activities:Net
                  Income (Loss)
              
              $
              (95,362
              )
              $
              508,119
              
              $
              (4,485,629
              )Adjustments
                  to reconcile net loss to net cash used in operating
                  activities:Depreciation
                  and Amortization
              
              
              -
              
              
              -
              
              
              260,495Forgiveness
                  of debt income
              
              
              -
              
              
              (632,500
              )
              
              (632,500
              )Expenses
                  paid through issuance of common stock by:Company
              
              
              -
              
              
              1,900
              
              
              543,185Principal
                  Stockholder
              
              
              -
              
              
              -
              
              
              220,900Changes
                  in operating assets and liabilities:Loan
                  Receivable
              
              
              -
              
              
              -
              
              
              (2,000
              )Accounts
                  Payable Accrued Expenses
              
              
              79,589
              
              
              (61,207
              )
              
              740,962Net
                  cash (used) in operating activities
              
              
              (15,773
              )
              
              (183,688
              )
              
              (3,354,587
              )Investing
                  Activities:Purchase
                  of
                  furniture and equipment
              
              
              -
              
              
              -
              
              
              (260,497
              )Net
                  cash provided by (used in) investing activities
              
              
              -
              
              
              -
              
              
              (260,497
              )Financing
                  activities:Note
                  payable to stock holder: Proceeds
              
              $
              14,100
              
              $
              184,024
              
              $
              1,937,025Principal
                  payments
              
              
              -
              
              
              -
              
              
              (126,667
              )Proceeds
                  from
                  the issuance of common stock (net)
              
              
              -
              
              
              -
              
              
              1,804,760Net
                  cash provided by financing activities
              
              
              14,100
              
              
              184,024
              
              
              3,615,118Net
                  increase (decrease) in cash and cash equivalents
              
              
              (1,673
              )
              
              336
              
              
              34Cash
                  and cash equivalents, beginning of period
              
              
              1,707
              
              
              170
              
              
              -Cash
                  and cash equivalents, end of period
              
              $
              34
              
              $
              506
              
              $
              34Supplemental
                  disclosure of cash flow data:Interest
                  Paid
              
              $
              -
              
              $
              -
              
              $
              -The
                  accompanying notes are an integral part of the financial
                  statements.




6
 
 MURRAY
        UNITED DEVELOPMENT CORPORATION
 NOTES
        TO
        FINANCIAL STATEMENTS
 January
        31, 2007 and 2006







**Note
      1 - Organization and Business and Basis of Presentation**





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.





The
      Company has been in the development stage since inception. Activities of the
      Company have been 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 that was
      successfully tested on a preliminary basis in January 1990; additional testing
      and development of the engine prototype to obtain performance data for the
      demonstration of the engine to potential licensees; research relating to the
      ability of a proprietary cleaning solution, which will be licensed to the
      Company, to remove air pollutants from coal burning flue gas and certain air
      pollutants and contaminants from building air, as well as other industrial
      uses;
      and research and development relating to production of hydrogen for use in
      hydrogen fuel cells. The proprietary cleaning solution, for which we have been
      granted trademark protection under the name Klenz-Safe, is owned by a
      corporation whose sole shareholders are Mr. Anthony Campo and Mr. Dwight Foster,
      the Chairman of the Board and Chief Executive Officer of the Company,
      respectively.





The
      Company did not conduct any research and development activities on its
      Klenz-Safe or hydrogen technologies during fiscal 2005 or fiscal 2006 and does
      not intend to conduct such research and development during the ensuing twelve
      months unless it is able to obtain funds from third parties to do so, of which
      there can be no assurances. The Company has also not conducted research and
      development on the Rotocam engine during its 2001 through 2007 fiscal years.
      Presently, management has decided to discontinue efforts to conduct further
      research on its engine technology unless the Company receives expressions of
      interest to fund such research and development from third parties, of which
      there can be no assurances.





The
      accompanying financial statements have been prepared assuming that the Company
      will continue as a going concern. However, as of January 31, 2007, the Company
      had not been able to commercially utilize its engine, cleaning solution or
      hydrogen technology to generate revenues or cash flows from operating
      activities. As a result, it has suffered recurring losses from operations from
      inception that have generated the net stockholders’ deficiency of $1,269,078 as
      of January 31, 2007 and have also generated significant working capital
      deficiencies from time to time.





Management
      does not expect the Company to generate any significant revenues or positive
      operating cash flows during the twelve-month period subsequent to January 31,
      2007. The limited amount of liquid resources available at January 31, 2007,
      and
      the Company’s inability to generate operating revenues and cash flows raise
      substantial doubts about the Company’s ability to continue as a going
      concern.




Management
      believes that the net liquid assets available at January 31, 2007 will not
      be
      sufficient to enable the Company to meet its obligations and to continue as
      a
      going concern during the ensuing twelve-month period and that the Company’s
      ability to continue as a going concern during such period and thereafter will
      depend upon the Company’s ability to obtain sufficient additional working
      capital to fund research and development activities on its Klenz-Safe and
      hydrogen technologies and the general and administrative expenses to be incurred
      during the remaining development period.





Potential
      sources of such working capital include government grants, the private or public
      sale of common stock (the Company has historically depended primarily on the
      sale of equity securities to finance its operations) and borrowing additional
      amounts from related parties or other sources. However, there can be no
      assurance that such financing will be available. The accompanying financial
      statements do not include any adjustments that might result from the
      uncertainties related to the ability of the Company to continue as a going
      concern.





7
 
 MURRAY
        UNITED DEVELOPMENT CORPORATION
 NOTES
        TO
        FINANCIAL STATEMENTS
 January
        31, 2007 and 2006


**Note
      2 - Summary of other significant accounting policies:**





Cash
      and
      Cash Equivalents:




For
      purposes of the statement of cash flows, the Company considers highly liquid
      temporary cash investments with an original maturity of three months or less
      to
      be cash equivalents.





Depreciation:





Depreciation
      of furniture and equipment is provided over the estimated useful lives of the
      related assets using declining balance methods. As of January 31, 2007, all
      of
      the Company’s furniture and equipment is fully depreciated.





Estimates:





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





Research
      and development:





Costs
      and
      expenses related to research and development are expensed as
      incurred.





Net
      loss
      per common share:





Net
      loss
      per common share was computed on the basis of the weighted average number of
      shares of common stock outstanding during each period. The effect of assuming
      the exercise of outstanding warrants was antidilutive and, accordingly, not
      included in the computation of net loss per share.





Income
      Taxes:




Income
      taxes are provided for the tax effects of transactions reported in the financial
      statements and consists of taxes currently due plus deferred taxes related
      primarily to differences between the bases of assets and liabilities for
      financial and income tax reporting. The deferred tax assets and liabilities
      represent the future tax return consequences of those differences, which will
      either be taxable or deductible when the assets and liabilities are recovered
      or
      settled.





Deferred
      taxes also are recognized for operating losses that are available to offset
      future federal income taxes. The Company accounts for investment tax credits
      using the flow-through method, and thus reduces income tax expense in the year
      the related assets are placed in service.





**Note
      3 - Related Party Transactions:**





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 will acquire 100 % of AMTG’s outstanding
      common stock from AMTG’s shareholders (the “Sellers”) and AMTG will become a
      wholly-owned subsidiary of the Company in a two step reverse takeover
      transaction. The Agreement provides that all of the Company’s assets, patents
      and other intellectual property will be transferred to Mr. Anthony Campo in
      full
      consideration and satisfaction of all of the Company’s indebtedness to him.
      Following the completion of the reverse takeover, the present management and
      stockholders of AMTG will have control of the majority of the voting shares
      of
      the Company and new officers and directors will be appointed and it is
      anticipated that the Company’s new management will change the Company’s name to
      American Metal Technologies Group. Because the present shareholders and
      management of AMTG will control of the majority of the voting shares of the
      Company and the operations of AMTG will become that of the Company’s, AMTG will
      effectively become a public company at the conclusion of the transaction. AMTG
      is engaged primarily in the manufacture and sale of precision metal parts and
      components and currently has two operating subsidiaries and two factories both
      of which are located in the Peoples Republic of China.





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.
      Additionally, the Company has completed an exchange of shares with AMTG, by
      which twenty million (20,000,000) shares of the Company’s common stock were
      exchanged for one-hundred seventy-eight thousand, one hundred seventeen
      (178,117) shares of common stock of AMTG.




**Note
        4 - Stockholder’s Equity:**
 
 Information
        as to stockholders’ equity is set forth in the financial statements in the July
        31, 2006 Form 10-KSB.




8





**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**





We
      have
      not derived any revenues from the license or sale of our technology and have
      incurred cumulative losses from our inception on October 13, 1987 through January
      31, 2007 of
      $4,485,629. Our revenues from our inception on October 13, 1987 through January
      31, 2007 aggregating
      $66,465 were derived from interest earned and $632,500 for the forgiveness
      of
      debt by the majority shareholders which occurred on December 27, 2005. Interest
      income was zero in the periods ended January
      31, 2007 and January
      31, 2006 as
      a result of a lack of funds available for investment.





The
      cumulative loss from inception includes research and development costs of
      $876,771. There were no research and development costs in the periods ended January
      31, 2007 and January
      31 ,
      2006.
      We have had to reduce substantially our research and development activities
      due
      to liquidity problems.





Our
      cumulative loss from inception includes general and administrative expenses
      of
      $3,176,423. General and administrative expenses increased to $62,060 in the
      period ending January
      31, 2007 from
      $55,136 in the period ending January
      31, 2006 ,
      or a
      12.6% increase. Increases in general and administrative expenses can be
      attributed to increased professional fees.





Our
      cumulative loss from inception also includes past licensing fees, of which
      there
      were none during the period, and cumulatively $57,260 since inception. The
      elimination of licensing fees is the result of the legal settlement reached
      in
      fiscal 1994.




The
      cumulative loss from inception also includes interest expense of $1,074,140
      on
      promissory notes payable to our principal stockholder and chairman. Interest
      expense decreased to $33,302 in the period ending January
      31, 2007 from
      $69,245 in the period ending January
      31, 2006 ,
      primarily as a result of the forgiveness of debt by our chairman and principal
      stockholder.





Our
      loss
      from operations of $95,362 in the period ended January
      31, 2007 de creased
      by $29,019 over the loss from operations of $124,381 in January
      31, 2006 .
      The net
      income for the six months ended January 31, 2006 is a result of the forgiveness
      of debt by our chairman and principal stockholder.








**LIQUIDITY
      AND CAPITAL RESOURCES**





At January
      31, 2007 ,
      we had
      cash and short-term investments totaling $34 (compared to liquid assets of
      $1,707 at July 31, 2006), a working capital decrease of $1,673 (compared with
      a
      working capital increase of $1,537 at July 31, 2006), and a total stockholders’
deficiency of $1,235,782 (compared to a deficiency of $1,140,418 at July 31,
      2006).


9


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




At January
      31, 2007 ,
      we had
      current liabilities in excess of current assets of $70,690. We have not been
      able to commercially utilize our engine technology to generate any revenue
      through that date, and as a result, we have suffered recurring losses from
      operations from inception that have generated the net capital deficiencies
      at January
      31, 2007 as
      well
      as July 31, 2006 and significant working capital deficiencies from time to
      time.
      We do not expect to generate any significant revenues or positive operating
      cash
      flows during the twelve-month period subsequent to January
      31, 2007 .
      Cash
      flows used during the period ended January 31, 2007 and 2006 were $15,773 and
      $183,668 respectively. The limited amount of liquid resources available at January
      31, 2007 and our
      inability to generate operating revenues and cash flows, raise substantial
      doubts about our ability to continue as a going concern.








**PLAN
      OF OPERATION**





KLENZ-SAFE
      CLEANING SOLUTION





In
      February 2002, we reached an agreement in principle with Mr. Anthony Campo,
      the
      Chairman of the Company, and with Mr. Dwight Foster, Chief Executive Officer
      of
      the Company, pursuant to which we would obtain a license to use and sell a
      proprietary cleaning solution owned by Foster-Campo Corp. ("Foster-Campo"),
      a
      corporation owned by Mr. Foster and Mr. Campo. Under the terms of the proposed
      license, Foster-Campo will manufacture the cleaning solution and supply it
      to
      our customers. Foster-Campo will then invoice us for their cost of doing so
      without any profit to Foster-Campo. Foster-Campo will receive
      a
      royalty payment of 50% of our net profit on sales of the proprietary solution
      to
      our customers. Calculation of our net profit will include, but not be limited
      to, amounts Foster-Campo invoices us for supplying our customers with the
      cleaning solution. In June 2000 Penn State Energy Institute, which is a facility
      of Penn State University, agreed to conduct laboratory tests of the application
      of the Klenz-Safe solution to the reduction of sulfur from coal burning flue
      gas. When coal burning flue gas was introduced through Klenz-Safe using the
      Company's proprietary methodology, the capture rate of sulfur exceeded 99.2%
      and
      maintained a minimum 98% rate throughout the testing.





Due
      to
      the success of the initial testing, Penn State Energy Institute applied to
      the
      U.S. Department of Energy for a grant to conduct a pilot test of Klenz-Safe's
      ability to capture sulfur in coal burning flue gas. Such grant request was
      not
      funded during the Department of Energy's 2003 funding period. During our fiscal
      year ended July 31,2004, Penn State informed us that the cost of further
      testing, which would be conducted in a working smoke stack to simulate actual
      conditions, would be approximately $100,000. We are currently attempting to
      form
      a business relationship with one of more third parties that may assist us in
      funding the cost of such testing; however, we are not able to provide any
      assurances that we will be able to enter into such a business relationship.
      In
      addition, even if we are able to enter into any such business relationship,
      it
      is probable that we will be required to assign a partial interest in our
      Klenz-Safe Technology, or the proceeds of such technology, to such third party
      in consideration of such third party's agreement to assist in funding the
      additional research.





If
      funding for the pilot study is obtained, the pilot tests would be conducted
      in a
      working smoke stack to simulate actual conditions. If such tests are conducted
      and are successful, we intend to seek distribution partners to assist us in
      marketing and selling the Klenz-Safe product to the coal burning utility market.
      We cannot provide any assurances that such testing will occur or, even if it
      does occur, that it will be successful.





In
      2001,
      we engaged a certified indoor air quality laboratory to perform a series of
      laboratory tests on Klenz-Safe to determine Klenz-Safe's ability to remove
      pollutants and contaminants from building air and to examine other potential
      industrial uses. The tests simulated wet scrubber equipment, which is commonly
      used device for removing pollutants from building air.





Based
      on
      generally known industry practices, management believes that the range of
      pollutants captured by Klenz-Safe and the rate of such capture have not been
      previously achieved in a single operation. The following were the material
      findings of the laboratory tests:





-
            Klenz-Safe
                captured 90% of carbon monoxide in tested air streams;





-
            Klenz-Safe
                captured 70% of both nitrogen dioxide and of nitrous oxide in tested
                streams;


10




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





-
            Klenz-Safe
                added no detectable volatile organic compounds to the air stream
                at
                elevated temperatures, indicating that Klenz-Safe could be applied
                to
                indoor air cleaning systems without the need of additional filtering.





Based
      on
      our tests of Klenz-Safe, management believes that Klenz-Safe possesses the
      following environmentally beneficial attributes:





·
            Klenz-Safe
                is a non-toxic, non-hazardous composition that requires no special
                equipment to protect the personnel using
                it;





·
            Klenz-Safe
                achieves a higher starting alkalinity and has a longer operating
                life than
                can be obtained with commercial caustic materials or lime
                slurries;





·
            Klenz-Safe
                protects rather than corrodes metal compounds and
                surfaces




Management
      presently believes that Klenz-Safe may be useful in the following
      applications:





·
            Air
                pollution control in wet scrubber equipment, which are commonly used
                to
                remove pollutants from building
                air;




·
            Containment
                and neutralization of liquids and
                compounds;





·
            Decontamination
                of equipment in pharmaceutical
                production;





·
            Air
                filtration in indoor air quality
                control;





·
            Flue
                and combustion gas scrubbing.





We
      are
      currently attempting to form a business relationship with one of more third
      parties that may assist us in funding the cost of further testing of
      Klenz-Safe's ability to remove contaminants from building air on a cost
      effective basis; however, we are not able to provide any assurances that we
      will
      be able to enter into such a business relationship. In addition, even if we
      are
      able to enter into any such business relationship, it is probable that we will
      be required to assign a partial interest in our Klenz-Safe Technology, or the
      proceeds of such technology, to such third party in consideration of such third
      party's agreement to assist in funding such additional testing.





We
      are
      also presently continuing to demonstrate Klenz-Safe to potential end-user
      customers. At such customers' request, we are performing further tests on
      Klenz-Safe to determine its ability to meet the particular intended applications
      of such customers.





To
      date,
      the cost of the research at Penn State was approximately $9,000, and the cost
      of
      the research by the certified air quality laboratory was approximately $5,000.
      In addition, during fiscal 2003 and 2004 we incurred approximately $10,000
      and
      $4,700, respectively for research relating to Klenz Safe's ability to remove
      sulfur from flue burning smoke stacks. Funding for all such research was
      provided by loans to the Company from our Chairman, Mr. Anthony
      Campo.





We
      have
      been granted trademark protection for the name "Klenz-Safe" from the US Patent
      and Trademark Office (PTO). The method of application of the Klenz-Safe formula
      for removal of sulfur from coal burning flue gas was developed by a consultant
      to the Company, who assigned to us his rights to such know-how and his rights
      under a provisional patent application filed with the PTO covering such
      know-how. In October 2002 we filed an application for a provisional patent,
      which extends the Klenz-Safe technology into additional indoor air quality
      applications. In February 2003, we filed an amendment to the October 2002
      provisional patent application that revised certain data contained in the
      October 2002 provisional patent with the PTO application. In February 2004
      we
      filed a non-provisional patent application relating to Klenz-Safe. However,
      we
      cannot provide any assurances that the PTO will grant a patent on our Klenz-Safe
      technology.











11


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




HYDROGEN
      PRODUCTION TECHNOLOGY





In
      light
      of the energy plan of current administration encouraging the use of hydrogen
      fuel cells in place of fossil fuels such as oils and gas, management has begun
      to investigate a technology that would produce hydrogen from sunlight through
      the use of a proprietary device and solution. The hydrogen gas produced would
      be
      used to supply on demand, low cost hydrogen fuel to hydrogen-oxygen fuel cells
      in order to meet stationary and mobile electric power requirements. Stationary
      uses would include residential and commercial heating systems, and mobile uses
      would include electric and hybrid fuel cell powered vehicles.





In
      June
      2002, we entered into an oral agreement with George Johnson and William L.
      Johnson (the "Inventors") to develop a method and apparatus for production
      of
      photo galvanic hydrogen (the "PGH Technology") and to prepare and file a
      provisional patent application (the "Provisional Patent Application") relating
      thereto in the PTO. The Inventors further agreed that, upon filing of the
      Provisional Patent Application, they would negotiate with the Company for an
      assignment of all of their interest in the PGH Technology and the Provisional
      Patent Application to the Company. In consideration for the Inventors' services,
      the Company agreed to issue to each of the Inventors 100,000 shares of the
      Company's Common Stock and to register such shares with the Securities and
      Exchange Commission. The Company subsequently formalized the oral agreement
      with
      the Inventors by a written agreement dated as of June 1, 2002.





In
      July
      2003, the Inventors filed the Provisional Patent Application with the PTO.
      By
      agreement dated October 2, 2003 , the Company entered into a Technology
      Assignment Agreement with the Inventors pursuant to which the Inventors agreed
      to assign to the Company all of their rights in the PGH Technology, in the
      Provisional Patent Application, and in all letters patent, both domestic and
      foreign, that may be granted for the PGH Technology. In consideration for such
      assignment, we granted to the Inventors a right of first refusal to perform
      all
      consulting services derived from contracts and/or grants entered into between
      the Company and third parties relating to the development of the PGH Technology.
      We further agreed to reimburse the Inventors up to $5,000 for their out-of
      pocket expenses incurred for materials and supplies to build apparatus relating
      to the PGH Technology and for collecting, and testing for, the production of
      hydrogen.





Pursuant
      to the Technology Assignment Agreement, the Inventors executed an Assignment
      of
      Invention & Patent Rights, dated October 2, 2003 (the "Assignment"), under
      which the Inventors assigned to the Company their rights in the PGH Technology,
      all applications for Letters Patent that may be filed for the PGH Technology,
      and all Letters Patent for the PGH Technology in any country. The Company
      intends to file such Assignment with the PTO as soon as reasonably practicable.




In
      October 2003, but effective as of July 18, 2003, we entered into Consulting
      Agreements with each of the Inventors (the "Consulting Agreements") pursuant
      to
      which the Inventors agreed to assist the Company in obtaining grants from and/or
      contracts with third parties for research and development relating to the PGH
      Technology and in obtaining a patent on the technology described in the
      Provisional Patent Application. All services under such Consulting Agreements
      have been suspended by the Inventors for personal reasons. In October 2004,
      we
      transferred the apparatus for our PGH Technology to the University of Kansas
      for
      purposes of conducting further testing of the ability of our PGH Technology
      to
      produce hydrogen. Initial results of such testing were positive, and we are
      currently in negotiations to attempt to reach an agreement with a professor
      at
      the University of Kansas to perform further testing on our PGH Technology.
      We
      are unable to provide any assurances that such agreement will be reached. During
      fiscal 2004, we spent approximately $4,500 on research relating to the PGH
      Technology Funding for such research was provided by loans from our
      Chairman.





POTENTIAL
      MARKETS FOR COMPANY'S PRODUCTS





We
      believe that potential markets for Klenz-Safe include the chemical production,
      manufacturing, food processing, pharmaceutical production and indoor air quality
      control industries. Potential markets for the Company's hydrogen technology
      include residential and commercial heating systems and electric and hybrid
      fuel
      cell powered vehicles.





Markets
      that may be available for the Rotorcam Engine include off-road terrain
      equipment, such as earth-moving farm equipment, tanks, pony engines, marine
      engines, generators, and co-generation systems that are used to cool, as well
      as
      to provide an electrical power source for, home and industry.


12


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




ROTORCAM
      ENGINE





We
      do not
      expect to further develop the Rotorcam Engine during the next 12-month period.
      We have been advised by Southwest Research Institute that it would take up
      to 4
      years and $3 million in order to develop the Rotorcam Engine for commercial
      sale. We therefore first intend to use any funds that may become available
      to
      further develop our Klenz-Safe and PGH technologies, which we believe have
      the
      potential to generate operating revenues much earlier than the Rotorcam Engine.
      We will, however, continue to evaluate possible commercialization of the
      Rotorcam Engine in light of future facts and circumstances.





SEASONALITY




As
      the
      company is a development stage company, its business is not affected by
      seasonality.








**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.





13


**PART
      II - OTHER INFORMATION**






**Item
      1. Legal Proceedings - None**






**Item
      2. Changes in Securities and Use of Proceeds**







On
      October 1, 2004, the Board of Directors approved the issuance of one (1) million
      shares of the Company's Common Stock to Mr. John Byrne for his services as
      a
      consultant to the Company between October 2003 and September 2005 in connection
      with the development of the Company’s hydrogen technology. Such shares were
      issued to Mr. Byrne on November 30, 2004, and on such date the closing sale
      price of the Company’s Common Stock was $.0065. Therefore, based solely on such
      closing sale price, the market value of the one (1) million shares issued to
      Mr.
      Byrne on the date of issuance was approximately $6,500. The shares issued to
      Mr.
      Byrne 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.





On
      November 5, 2004, the Board of Directors approved the issuance of two (2)
      million shares of the Company's Common Stock to the Company’s Chief Executive
      Officer, Dwight Foster, in consideration for his having served as President
      of
      the Company from December 1998 to April 2002, as its Chief Executive Officer
      from April 2002 to the date of grant, and as a Director of the Company from
      March 2000 to the date of grant, in all such cases without any cash
      compensation. Such shares were issued to Mr. Foster on November 5, 2004, and
      on
      such date the closing sale price of the Company’s Common Stock was $.0055.
      Therefore, based solely on such closing sale price, the market value of the
      two
      (2) million shares issued to Mr. Foster on the date of issuance was
      approximately $11,000. 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.





On
        December 17, 2004, Mr. Anthony Campo, the Chairman of the Board and Executive
        Vice President of the Company, exercised a right to convert $7,500 of
        indebtedness owed by the Company to Mr. Campo into 1,000,000 shares of our
        Common Stock. The number of shares for which Mr. Campo exercised his conversion
        right was computed at a rate of $.0075 for each such share of Common Stock.
        Mr.
        Campo's conversion right is contained in a Promissory Noted dated August
        1, 2004
        in the principal amount of $1,876,014 issued by the Company to Mr. Campo.
        Under
        the terms of the Promissory Note, Mr. Campo was given the right to convert
        all
        or any portion of the unpaid principal and/or interest of the Note of a rate
        of
        one share of Common Stock for each 3/4 of one cent of such principal and
        interest converted, up to a maximum of 90,000,000 shares. The terms of such
        Promissory Note are further described in our Form 10-KSB for the fiscal year
        ended July 31, 2004. The shares issued to Mr. Campo 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.




**Item
      3. Defaults upon Senior Securities**





We
      issued
      a promissory note to Mr. Campo, dated August 1, 2005, in the amount of
      $2,087,278, which consolidated amounts we owed to Mr. Campo under our prior
      notes. The August 1, 2005 note bears interest at 7.5% per annum, which is
      payable quarterly on each November 1, February 1, May 1 and August 1, and
      matures on August 1, 2006. We have defaulted on our quarterly interest payment
      due on November 1, 2005, February 1, 2006 and May 1, 2006, August 1, 2006 and
      November 1, 2006.





On
      December 27, 2005, Mr. Campo exercised his right to convert $667,500 into
      89,000,000 shares of our common stock. On December 30, 2005, Mr. Campo forgave
      $662,500 of the balance of the August 1, 2005 outstanding indebtedness. This
      amount was recorded as income on the January 31, 2006 Statement of Operations.
      Between August 1, 2006 and January 31, 2007, Mr. Campo loaned the company an
      additional $11,100. The outstanding principal amount under the 2005 note as
      of
      January 31, 2007 was $879,978. Since we do not have any revenues, it is doubtful
      that we will be able to pay any interest or principal amounts due under the
      August 1, 2005 note until such time as we have operating revenues or we raise
      funds from an independent source, both of which events may not occur at any
      time.


14


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







**Item
      5. Other Information:**





On
      May
      23, 2005, Mr. Frank Pecorella resigned as a director of the Company. Mr.
      Pecorella’s resignation resulted from a requirement by his employer that he
      terminate such position with the Company and not from any disagreement with
      management. Mr. Pecorella had served as a director of the Company since
      1998.





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 will acquire 100 % of AMTG’s outstanding
      common stock from AMTG’s shareholders (the “Sellers”) and AMTG will become a
      wholly-owned subsidiary of the Company in a two step reverse takeover
      transaction. In connection with the Company’s acquisition of American Metal
      Technology Group, the due diligence period has expired. As of January 31, 2007,
      the review has been completed to the satisfaction of the Company and AMTG and
      the transaction is proceeding forward.





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.
      Additionally,  the Company has completed an exchange of shares with AMTG,
      by which twenty million (20,000,000) shares of the Company’s common stock were
      exchanged for one-hundred seventy-eight thousand, one hundred seventeen
      (178,117) shares of common stock of AMTG.





**Item
        6. Exhibits and Reports
        on Form 8-K**
  (A)
        Exhibits
  Exhibit
 Number
                Description


31.1
            Certification
                  of Chief Executive Officer in accordance with 18 U.S.C. Section
                  1350, as
                  adopted by Section 302 of the Sarbanes-Oxley Act of
                  2002




31.2
            Certification
                of Principal
                Financial Officer in accordance with 18 U.S.C. Section 1350,
                as adopted by Section 302 of the Sarbanes-Oxley Act of
                2002




32.1
              Certification
                  of Chief Executive Officer in accordance with 18 U.S.C. Section
                  1350, as
                  adopted by Section 302 of the Sarbanes-Oxley Act of
                  2002




32.2
              Certification
                  of Principal
                  Financial Officer in accordance with 18 U.S.C. Section 1350,
                  as adopted by Section 302 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.






















15





**SIGNATURES**




Pursuant
      to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
      1934, the Registrant has duly caused this report to be signed on its behalf
      by
      the undersigned thereunto duly authorized.





MURRAY
      UNITED DEVELOPMENT CORPORATION


(Registrant)





Date: March
              23, 2007
            By:
            /s/ Dwight
              FosterDwight
              FosterTitle:
              Chief
              Executive Officer


Date: March
              23, 2007
            By:
            /s/ Anthony
              S. CampoAnthony
              S. CampoTitle: Executive
              Vice President
              Secretary
                and Treasurer
              Chief
                Financial Officer







Pursuant
      to the requirements of Securities Exchange Act of 1934, this report has been
      signed below by the following persons on behalf of the registrant and in the
      capacities and on the dates indicated.




Date: March
              23, 2007
            By:
            /s/ Anthony
              S. CampoAnthony
              S. CampoTitle: Chairman
              of the Board  Date: March
              23, 2007
            By:
            /s/ Dwight
              Foster,Dwight
              Foster,Title:  Director









16