IT Group Holdings (fka ITGL)

[TechKim]

NOTE 7 - LOANS FROM OFFICERS AND STOCKHOLDERS

As of June 30, 2007, the Company owed $57,068 to its Chief Executive Officer / Director, which amount represents loans that are unsecured, payable on demand and non-interest bearing.

During the three and six months ended June 30, 2007, the Company paid $5,000 to its Chairman for unpaid fees under his director services agreement.