[X]
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QUARTERLY
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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For
the quarterly period ended December 31, 2007
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[ ]
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TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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Nevada
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000-28918
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95-3811580
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(State
or other jurisdiction
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(Commission
File Number)
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(IRS
Employer
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of
Incorporation)
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Identification
Number)
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50
Old Route 25A
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Fort
Salonga, NY 11768
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(Address
of principal executive offices)
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(646)
383-4832
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(Issuer’s
Telephone Number)
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Large
accelerated filer [ ]
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Accelerated
filer [ ]
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Non-accelerated
filer [ ] (Do not check if smaller
reporting company)
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Smaller
reporting company [X]
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AMT
Group, Inc.
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Page
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Balance
Sheet at December 31, 2007 and September 30,
2007……………………………………................................................................................................................................................................................................................................
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F-2
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Statement
of Operations for the three months ended December 31, 2007 and for the
three months ended December 31, 2006 and for the year ended September 30,
2007……………………..............................................................
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F-3
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Statement
of Changes in Shareholders' Deficit for the period from September 30, 2001
through September 30, 2007 and for the three months ended
December 31,
2007………………………….......................................................
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F-4
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Statement
of Cash Flows for the three months ended December 31, 2007 and for the
three months ended December 31, 2006 and for the year ended September 30,
2007………………….................................................................
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F-5
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Notes
to Financial
Statements……………………………………………………………………………….....................................................................................................................................................................................................................
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F-6
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F-1
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AMT
Group, Inc.
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||||||
CONSOLIDATED
BALANCE SHEET
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||||||
December
31, 2007
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||||||
(unaudited)
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||||||
December
31, 2007
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September
30, 2007
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|||||
ASSETS
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||||||
Current
assets:
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||||||
Cash
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$
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0
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$
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0
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Investment
Deposit
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449,871
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|||||
Total
current assets
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449,871
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0
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TOTAL
ASSETS
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$
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449,871
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$
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0
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LIABILITIES
AND STOCKHOLDERS' DEFICIT
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||||||
Current
liabilities:
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||||||
Accounts
payable
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$
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0
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$
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0
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Loan
Payable
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449,871
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|||||
Total
current liabilities
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449,871
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0
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Long-term
Liabilities:
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Shareholder
loan
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1,300
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|||||
TOTAL
LIABILITIES
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451,171
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0
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STOCKHOLDERS'
DEFICIT (Note 4)
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||||||
Preferred
Convertible Series D stock, 5,000,000 shares authorized, no par
value,
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0
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0
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140,000
shares issued and outstanding, canceled February 2007
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Preferred
Convertible Series E stock, 3,000,000 shares authorized, no par
value,
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0
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0
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2,500,000
shares issued and outstanding, canceled February 2007
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Common
stock, 195,000,000 shares authorized, no par value,
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2,753,079
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2,753,079
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44,480,621
shares issued and outstanding
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Treasury
Stock, Preferred Convertible shares
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(235,000)
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(235,000)
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Retained
deficit
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(2,519,379)
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(2,518,079)
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TOTAL
STOCKHOLDERS' DEFICIT
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(1,300)
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0
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TOTAL
LIABILITIES AND STOCKHOLDERS' DEFICIT
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$
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449,871
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$
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0
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See
notes to the financial statements
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||||||
F-2
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AMT
Group, Inc.
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STATEMENTS
OF OPERATIONS
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|||||||
(Unaudited)
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(Unaudited)
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For
The
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For
The
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For
The
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Three
Months Ended
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Three
Months Ended
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Year
Ended
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December
31, 2007
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December
31, 2006
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September
30, 2007
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Revenues:
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Sales
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$
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0
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$
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0
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$
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0
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Total
revenues
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0
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0
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0
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Expenses:
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Salaries
and Wages
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0
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0
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0
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General
and administrative (Note 1)
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1,300
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0
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0
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Interest
and fees
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0
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0
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0
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Commissions
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0
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0
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0
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Write
Down of Assets
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0
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0
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0
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Total
operating expenses
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1,300
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0
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0
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Income
(Loss) from operations
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(1,300)
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0
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0
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Provision
for Income Taxes (Note 5)
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-
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-
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-
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NET
INCOME (LOSS)
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$
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(1,300)
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$
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0
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$
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0
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Basic
income (loss) per common share
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$
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0.00
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$
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0.00
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$
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0.00
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Diluted
income (loss) per common share
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$
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0.00
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$
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0.00
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$
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0.00
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Weighted
average common shares outstanding - Basic
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0
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0
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0
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Weighted
average common shares outstanding - Diluted
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0
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0
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0
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See
notes to the financial statements
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|||||||
F-3
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AMT
Group, Inc.
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||||||||||||||||||||||||||||||||
STATEMENT
OF CHANGES IN STOCKHOLDERS' DEFICIT
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||||||||||||||||||||||||||||||||
Total
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||||||||||||||||||||||||||||||||
Preferred
Stock
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Common
Stock
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Treasury
Stock
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Retained
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Stockholders'
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||||||||||||||||||||||||||||
Shares
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Amount
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Shares
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Amount
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Shares
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Amount
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Deficit
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Deficit
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|||||||||||||||||||||||||
Balance at September 30, 2001 * | 2,500,000 | $ | 235,000 | $ | 16,706,944 | $ | 1,841,901 | (2,500,000 | ) | $ | (235,000 | ) | (7,134,276 | ) | $ | (5,292,375 | ) | |||||||||||||||
Issued Stock * | 140,000 | 140,000 | 6,665,625 | 911,178 | 0 | 0 | — | 1,051,178 | ||||||||||||||||||||||||
Net
Income (loss) for the period from October 1, 2001
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||||||||||||||||||||||||||||||||
through
September 30,2002
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— | — | — | — | — | — | 5,124,214 | 5,124,214 | ||||||||||||||||||||||||
(883,017 | ) | (883,017 | ) | |||||||||||||||||||||||||||||
Balance at September 30, 2002 * | 2,640,000 | 375,000 | 23,372,569 | 2,753,079 | (2,500,000 | ) | (235,000 | ) | (2,893,079 | ) | 0 | |||||||||||||||||||||
Net
Income (loss) for the period from October 1, 2002
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||||||||||||||||||||||||||||||||
through
September 30, 2003
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— | — | — | — | — | — | ||||||||||||||||||||||||||
Balance at September 30, 2003 * | 2,640,000 | 375,000 | 23,372,569 | 2,753,079 | (2,500,000 | ) | (235,000 | ) | (2,893,079 | ) | 0 | |||||||||||||||||||||
Net
Income (loss) for the period from October 1, 2003
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||||||||||||||||||||||||||||||||
through
September 30, 2004
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— | — | — | — | — | — | ||||||||||||||||||||||||||
Balance at September30, 2004 * | 2,640,000 | 375,000 | 23,372,569 | 2,753,079 | (2,500,000 | ) | (235,000 | ) | (2,893,079 | ) | 0 | |||||||||||||||||||||
Net
Income (loss) for the period from October 1, 2004
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||||||||||||||||||||||||||||||||
through
September 30, 2005
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— | — | — | — | — | — | ||||||||||||||||||||||||||
Balance at September30, 2005 * | 2,640,000 | 375,000 | 23,372,569 | 2,753,079 | (2,500,000 | ) | (235,000 | ) | (2,893,079 | ) | 0 | |||||||||||||||||||||
Net
Income (loss) for the period from October 1, 2004
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||||||||||||||||||||||||||||||||
through
September 30, 2006
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— | — | — | — | — | — | ||||||||||||||||||||||||||
Balance at September30, 2006 * | 2,640,000 | 375,000 | 23,372,569 | 2,753,079 | (2,500,000 | ) | (235,000 | ) | (2,893,079 | ) | 0 | |||||||||||||||||||||
Preferred
Stock Canceled
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(2,640,000 | ) | (375,000 | ) | 375,000 | (375,000 | ) | |||||||||||||||||||||||||
Merger
on 2/7/07 created 100 for 1 reverse split
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400,000 | 0 | ||||||||||||||||||||||||||||||
Net
Income (loss) for the period from October 1, 2006
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||||||||||||||||||||||||||||||||
through
September 30, 2007
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— | — | — | — | — | — | ||||||||||||||||||||||||||
Balance at September30, 2007 * | 0 | 0 | 23,772,569 | 2,753,079 | (2,500,000 | ) | (235,000 | ) | (2,518,079 | ) | 0 | |||||||||||||||||||||
Stock
Issuances
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20,708,052 | 0 | ||||||||||||||||||||||||||||||
Net
Income (loss) for the period from October 1, 2007
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||||||||||||||||||||||||||||||||
through
December 31, 2007
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(1,300 | ) | (1,300 | ) | ||||||||||||||||||||||||||||
Balance at December 31, 2007 * | 0 | 0 | 44,480,621 | 2,753,079 | (2,500,000 | ) | (235,000 | ) | (2,519,379 | ) | (1,300 | ) | ||||||||||||||||||||
See
notes to the financial statements
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||||||||||||||||||||||||||||||||
F-4 |
AMT
Group, Inc.
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|||||||
STATEMENTS
OF CASH FLOWS
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|||||||
(Unaudited)
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(Unaudited)
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||||||
For
The
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For
The
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For
The
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|||||
Three
Months
Ended
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Three
Months
Ended
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The
Year
Ended
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December
31,
2007
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December
31,
2006
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September
30,
2007
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CASH
FLOWS FROM OPERATING ACTIVITIES
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Net
loss
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$
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(1,300)
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$
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0
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$
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0
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Adjustments
to reconcile net income to
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|||||||
net
cash provided by operating activities:
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|||||||
Depreciation
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0
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0
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0
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Changes
in operating assets and liabilities:
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|||||||
Accounts
Receivable
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0
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0
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0
|
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Loans
held for sale
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0
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0
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0
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Restricted
Assets
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0
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0
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0
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Other
Assets
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0
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0
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0
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Accounts
payable and accrued expenses
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0
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0
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0
|
||||
Issuance
of Common Stock for services
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0
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0
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0
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||||
Line
of Credit
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0
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0
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0
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NET
CASH PROVIDED BY OPERATING ACTIVITIES
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(1,300)
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0
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0
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CASH
FLOWS FROM INVESTING ACTIVITIES
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|||||||
Investment
Deposit
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(449,871)
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0
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0
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||||
Loan
Payable
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449,871
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0
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0
|
||||
NET
CASH FROM INVESTING ACTIVITIES
|
0
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0
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0
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||||
CASH
FLOWS FROM FINANCING ACTIVITIES
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|||||||
Principal
paid on notes payable
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|||||||
Accumulated
deficit
|
0
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0
|
0
|
||||
Common
Stock
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0
|
0
|
0
|
||||
Preferred
Convertible Series D
|
0
|
0
|
0
|
||||
Preferred
Convertible Series E
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0
|
0
|
0
|
||||
Treasury
Stock
|
0
|
0
|
0
|
||||
Issuance
of shares
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0
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0
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0
|
||||
Shareholder
loan
|
1,300
|
0
|
0
|
||||
NET
CASH USED IN FINANCING ACTIVITIES
|
1,300
|
0
|
0
|
||||
NET
CHANGE IN CASH
|
0
|
0
|
0
|
||||
CASH
BALANCES
|
|||||||
Beginning
of period
|
0
|
0
|
0
|
||||
End
of period
|
$
|
0
|
$
|
0
|
$
|
0
|
|
See
notes to the financial statements
|
|||||||
F-5
|
NOTE
2.
|
GOING
CONCERN
|
NOTE
3.
|
STOCKHOLDERS’
DEFICIT
|
For
The
|
For
The
|
|||
Three
Months Ended
|
Year
Ended
|
|||
December
31,
2007
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September
30,
2006
|
|||
U.S.
statutory federal rate, graduated………………………………..
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0.0%
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34.24%
|
||
State
income tax rate, net of federal…………………………………….
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6.4%
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4.21%
|
||
Net
operating loss (NOL) for which
|
||||
no
tax benefit is currently
available……………............................
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-6.4%
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-38.45%
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||
0.00%
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0.00%
|
Exhibit
#
|
Description
|
|
3.1
|
Restated
Articles of Incorporation (incorporated by reference to Exhibit 3(i) to
our Registration Statement on Form 10-SB filed on June 28,
1996).
|
|
3.2
|
Bylaws
(incorporated by reference to Exhibit 3(i) to our Registration Statement
on Form 10-SB filed on June 28, 1996).
|
|
31.1
|
Certification
of Ms. Pak King Diu, pursuant to Rule 13a-14(a) (Attached
hereto).
|
|
31.2
|
Certification
of Ms. Pak King Diu, pursuant to Rule 13a-14(a) (Attached
hereto).
|
|
32.1
|
Certification
of Ms. Pak King Diu, pursuant to 18 U.S.C Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Attached
hereto).
|
Signatures
|
Title
|
Date
|
||
/s/ Ms. Pak
King Diu
Ms.
Pak King Diu
|
Director,
President, Chief Executive Officer, and Chief Financial
Officer
|
September
30, 2008
|