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




shares of the registrant's Common
Stock, $.0001 per share, were outstanding as of







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.
            Managements
      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)ASSETSCurrent
      AssetsCash
      and cash equivalents
            $
            1,956,188Accounts
      receivable - net
            
            1,653,879Notes
      receivable
            
            235,137Other
      receivables
            
            2,335Advances
      to suppliers
            
            120,416Inventories
            
            576,459Total Current
      Assets
            
            4,544,414Property, Plant And Equipment -
      Net
            
            2,996,346Intangible Assets,
      Net
            
            687,308Total
    Assets
            $
            8,228,068LIABILITIES AND
      SHAREHOLDERS' EQUITYCurrent
      LiabilitiesAccounts
      payable
            $
            329,206Accrued
      liabilities and other payables
            
            58,963Advance
      payments
            
            277,806Amount
      due to related parties
            
            601,871Unearned
      revenue
            
            3,547Total Current
      Liabilities
            
            1,271,393Minority
      Interests
            
            350,897Commitments
            
            -Shareholders'
      EquityPreferred
      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
            
            3,485,689Total Stockholders'
      Equity
            
            6,605,778Total 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
      endedJune 30
            
            
            June 302007
            
            
            2006
            
            
            2007
            
            
            2006Net
sales
            
            $
            2,410,578
            
            
            $
            2,096,748
            
            
            $
            4,472,075
            
            
            $
            3,832,732Cost of goods
      sold
            
            
            (1,633,663
            )
            
            
            (1,501,354
            )
            
            
            (3,036,457
            )
            
            
            (2,727,405
            )Gross
    profit
            
            
            776,915
            
            
            
            595,394
            
            
            
            1,435,618
            
            
            
            1,105,327Operating
      expensesSelling
      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
            
            
            
            821,691Other income
      (expense)Interest
      income (expense)
            
            
            655
            
            
            
            667
            
            
            
            2,082
            
            
            
            957Other income
      (expense)
            
            
            (347
            )
            
            
            64
            
            
            
            (2,418
            )
            
            
            64Total other income
      (expense)
            
            
            308
            
            
            
            731
            
            
            
            (336
            )
            
            
            1,021Income before provision for
      income taxes and minority interest
            
            
            491,297
            
            
            
            443,012
            
            
            
            880,950
            
            
            
            822,712Provision for income
      taxes
            
            
            4,638
            
            
            
            -
            
            
            
            4,638
            
            
            
            -Income before minority
      interests
            
            
            486,659
            
            
            
            443,012
            
            
            
            876,312
            
            
            
            822,712Minority
      interests
            
            
            (287
            )
            
            
            21,997
            
            
            
            132
            
            
            
            41,879Net
    income
            
            
            486,946
            
            
            
            421,015
            
            
            
            876,179
            
            
            
            780,833Other comprehensive
      incomeForeign
      currency translation adjustment
            
            
            101,079
            
            
            
            17,901
            
            
            
            192,372
            
            
            
            20,111Comprehensive
      income
            
            $
            588,025
            
            
            $
            438,916
            
            
            
            1,068,551
            
            
            
            800,944Basic weighted average shares
      outstanding
            
            
            1,264,848,464
            
            
            
            1,128,842,167
            
            
            
            1,206,178,649
            
            
            
            1,128,842,167Basic net earnings per
      share
            
            $
            0.0004
            
            
            $
            0.0004
            
            
            $
            0.0007
            
            
            $
            0.0007Diluted weighted average shares
      outstanding
            
            
            1,268,935,797
            
            
            
            1,128,842,167
            
            
            
            1,211,665,367
            
            
            
            1,128,842,167Diluted 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
            
            
            2006Cash
      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 Companys 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
Companys 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 Plansan 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 employers 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
AMLFs operations are all carried out in the PRC. Accordingly, the Companys
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
Companys 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 Companys 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
      ValueOutstanding,
      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
      ValueOutstanding,
      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. MANAGEMENTS 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.
MANAGEMENTS 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 Peoples 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 Peoples 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 Companys 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 Companys 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
AMTGs 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.
MANAGEMENTS 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 Companys management,
including the Companys Chief Executive Officer and its Chief Financial Officer,
of the effectiveness of the design and operation of the Companys controls and
procedures, as defined in Exchange Act Rules 13a-15(e) and 15d-15(e). Based upon
that evaluation, the Companys Chief Executive Officer and its Chief Financial
Officer concluded that the Companys 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 AMTGs 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
AMTGs shareholder on May 22, 2007, and 70,907,300 shares to AMTGs consultants).
These shares represent more than eighty five (85%) of the Companys 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
Companys 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 Companys 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 Companys 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 AMTGs outstanding common
stock from AMTGs 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 Companys 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:February 8,
      2008
            By:
            /s/ Chen GaoChen
      GaoTitle: President and Chief
      Executive Officer





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