Advanced Technologies Group, Ltd. (fka AVGG)

[10 bagger]

AVGG.. $0.18.. One cheap shell..

PART I: FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

The following unaudited consolidated financial statements have been prepared by
Advanced Technologies Group, Ltd. (the "Company" or "ATG") pursuant to the rules
and regulations of the Securities and Exchange Commission promulgated under the
Securities Exchange Act of 1934 as amended. Certain information and footnote
disclosures normally included in financial statements prepared in accordance
with generally accepted accounting principals have been condensed or omitted
pursuant to such rules and regulations. In the opinion of the Company's
management, the consolidated financial statements include all adjustments
(consisting only of adjustments of a normal, recurring nature) necessary to
present fairly the financial information set forth herein.


3
Advanced Technologies Group, Ltd.
Consolidated Balance Sheets
As of April 30, 2010 and January 31, 2009

Unaudited
30-Apr-10 31-Jan-10
------------ ------------
ASSETS

Current assets:
Cash & cash equivalents $ 1,173,352 $ 2,747,762
Short term investments 8,827,218 6,220,498
Subordinated note receivable 5,666,667 5,666,667
Deferred tax asset 4,109 0
Prepaid income tax 302,667 471,742
------------ ------------
Total current assets 15,974,013 15,106,669
Other assets:
Subordinated note receivable- non current portion 5,194,445 6,611,111
Investment in FX Direct Dealer 5,000 5,000
Trademark- net 6,512 6,660
Fixed assets- net 2,279 2,420
------------ ------------
Total assets $ 21,182,249 $ 21,731,860
============ ============

LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)

Current liabilities:
Accounts payable & accrued expenses $ 96,848 $ 88,081
Income taxes payable 0 156,576
------------ ------------
Total current liabilities 96,848 244,657
Deferred income taxes payable 4,956,286 5,346,422
Shareholder advance payable 9,872 9,872
------------ ------------
Total liabilities 5,063,006 5,600,951

Shareholders' equity:
Series A preferred stock, one share convertible to one share of common;
non-participating, authorized 1,000,000 shares at
stated value of $3 per share, issued and outstanding 762,081 shares 1,712,601 1,712,601
Series B preferred stock, one share convertible to one share of common;
non-participating, authorized 7,000,000 shares at
stated value of $3 per share, issued and outstanding 1,609,955 shares 4,384,754 4,384,754
Common stock - $.0001 par value, authorized 100,000,000 shares,
issued and outstanding, 18,486,535 shares at January 31, 2010 and
18,486,535 at March 31, 2010 1,849 1,849
Additional paid in capital 32,715,950 32,715,950
Accumulated deficit (22,695,911) (22,684,245)
------------ ------------
Total shareholders' equity 16,119,243 16,130,909
------------ ------------

Total Liabilities & Shareholders' Equity $ 21,182,249 $ 21,731,860
============ ============


See the notes to the financial statements.

4
Advanced Technologies Group, Ltd.
Consolidated Statements of Operations
For the Quarters Ended April 30, 2010 and April 30, 2009

Unaudited
30-Apr-10 30-Apr-09
------------ ------------
General and administrative expenses:
Salaries and benefits $ 143,481 $ 65,639
Consulting 95,450 58,651
General administration 180,191 292,617
------------ ------------
Total general & administrative expenses 419,122 416,907
------------ ------------
Net loss from operations (419,122) (416,907)

Other revenues and expenses:
Interest income 296,627 151,646
Gain on sale of FXDD interest 0 23,597,942
Gain on short term investments 106,720 0
------------ ------------
Net income (loss) before provision for income taxes (15,775) 23,332,681

Provision for income taxes 4,109 (6,442,239)
------------ ------------

Net income (loss) $ (11,666) $ 16,890,442
============ ============

Basic & fully diluted net income (loss) per common share:
Basic income (loss) per share $ (0.00) $ 0.93
Fully diluted income (loss) per share $ (0.00) $ 0.82

Weighted average of common shares outstanding:
Basic 18,486,535 18,268,104
Fully diluted 18,486,535 20,640,140


See the notes to the financial statements.

5
Advanced Technologies Group, Ltd.
Consolidated Statements of Cash Flows
For the Quarters Ended April 30, 2010 and April 30, 2009

Unaudited
30-Apr-10 30-Apr-09
------------ ------------
Operating Activities:
Net income (loss) $ (11,666) $ 16,890,442
Adjustments to reconcile net income (loss) items
not requiring the use of cash:
Amortization 148 301
Depreciation 141 46
Gain on sale of FXDD interest 0 (23,597,942)
Changes in other operating assets and liabilities:
Accounts payable & accrued expenses 8,767 (3,302,862)
Deferred tax asset (4,109) 0
Prepaid income tax 169,075 0
Income taxes payable (156,576) 833,043
Deferred income taxes payable (390,136) 5,063,135
------------ ------------
Net cash used by operations (384,356) (4,113,837)

Investing activities:
Purchase of office equipment 0 (2,906)
Investment in short term marketable securities (2,606,720) 0
Proceeds from note receivable 1,416,666 627,925
Proceeds from sale of FXDD investment 0 9,000,000
------------ ------------
Net cash provided (used) by investing activities (1,190,054) 9,625,019

Financing Activities:
Advances received (paid) shareholders 0 (38,551)
------------ ------------
Net cash provided (used) by financing activities 0 (38,551)
------------ ------------

Net increase in cash during the year (1,574,410) 5,472,631

Cash balance at January 31st 2,747,762 134,918
------------ ------------

Cash balance at April 30th $ 1,173,352 $ 5,607,549
============ ============

Supplemental disclosures of cash flow information:
Interest paid during the period $ 0 $ 0
Income taxes paid during the period $ 186,427 $ 390,358


See the notes to the financial statements.

6
Advanced Technologies Group, Ltd.
Consolidated Statement of Changes in Shareholders' Equity (Deficit)
For the Quarters Ended April 30, 2010 and April 30, 2009

Common Common Preferred Preferred Paid in Accumulated
Shares Par Value Shares Value Capital Deficit Total
------ --------- ------ ----- ------- ------- -----
Balance at January 31, 2010 18,486,535 $1,849 2,372,036 $6,097,355 $32,715,950 $(22,684,245) $16,130,909

Net loss for the period (11,666) (11,666)
----------- ------ ---------- ---------- ----------- ------------ -----------

Balance at April 30, 2010 18,486,535 $1,849 2,372,036 $6,097,355 $32,715,950 $(22,695,911) $16,119,243
=========== ====== ========== ========== =========== ============ ===========

Balance at January 31, 2009 18,268,104 $1,827 2,372,036 $6,097,355 $32,664,364 $(39,713,122) $ (949,576)

Net income for the period 16,890,442 16,890,442
----------- ------ ---------- ---------- ----------- ------------ -----------

Balance at April 30, 2009 18,268,104 $1,827 2,372,036 $6,097,355 $32,664,364 $(22,822,680) $15,940,866
=========== ====== ========== ========== =========== ============ ===========


See the notes to the financial statements.

7
Advanced Technologies Group, Ltd.
Notes to the Consolidated Financial Statements
For the Quarters Ended April 30, 2010 and April 30, 2009


1. ORGANIZATION OF THE COMPANY AND SIGNIFICANT ACCOUNTING PRINCIPLES

Advanced Technologies Group, Ltd. (the Company) was incorporated in the State of
Nevada in February 2000. In January 2001, the Company purchased 100% of the
issued and outstanding shares of FX3000, Inc., a Delaware corporation, which
owned the rights to the FX3000 currency trading software platform. The FX3000
software program is a financial real time quote and money management platform
used by independent foreign currency traders.

In March 2002, the Company sold the FX3000 software program, for a 25% interest
in a joint venture with Tradition NA, a subsidiary of Compagnie Financiere
Tradition, a publicly held Swiss corporation. The Company and Tradition formed
FX Direct Dealer LLC (FXDD), a Delaware company that marketed the FX3000
software to independent foreign currency traders.

In March 2009, the Company sold its 25% interest in the joint venture to FXDD
for $26 million.

The Company's principal current business activity is the development of the
MoveIdiot.com website, which the Company acquired in July 2009. In addition, the
Company has been seeking to acquire and/or develop other new technologies and
business opportunities and will also consider investing in commercial real
estate opportunities.

USE OF ESTIMATES- The preparation of the consolidated financial statements in
conformity with generally accepted accounting principles requires management to
make reasonable estimates and assumptions that affect the reported amounts of
the assets and liabilities and disclosure of contingent assets and liabilities
and the reported amounts of revenues and expenses at the date of the financial
statements and for the period they include. Actual results may differ from these
estimates.

CASH AND CASH EQUIVALENTS- For the purpose of calculating changes in cash flows,
cash includes all cash balances and highly liquid short-term investments with an
original maturity of three months or less.

SHORT TERM INVESTMENTS- Short term investments include investments in a
municipal bond fund. The investments are stated at market fair value at April
30, 2010 and April 30, 2009.

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BAD DEBT EXPENSE- The Company provides, through charges to income, a charge for
bad debt expense, which is based upon management's evaluation of numerous
factors in regards to the account receivable. These factors include economic
conditions, the paying performance of the account receivable, and an analysis of
the credit worthiness of the payee.

SUBORDINATED NOTE RECEIVABLE- The subordinated loan receivable from FXDD results
from the sale of the Company's interest in the joint venture. The estimated fair
value of the subordinated loan receivable from FXDD is based upon the
discounting of the future cash flows from the asset using a risk adjusted
lending rate form loans of similar in risk and duration. At April 30, 2010, the
fair value of the subordinated loan receivable was $12,025,000.

FAIR VALUE MEASUREMENT: Effective January 1, 2008, the Company adopted FASB ASC
820 (formerly Statement of Financial Accounting Standard No. 157, FAIR VALUE
MEASUREMENT), issued by the FASB. ASC 820 defines fair value as the price that
would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date and sets out a
fair value hierarchy. The fair value hierarchy gives the highest priority to
quoted prices in active markets for identical assets or liabilities (Level 1)
and the lowest priority to unobservable inputs (Level 3). Inputs are broadly
defined under ASC 820 as assumptions market participants would use in pricing an
asset or liability. The three levels of the fair value hierarchy under ASC 820
are described below:

* Level I--Quoted prices are available in active markets for identical
investments as of the reporting date. The type of investments in Level
I include listed equities and listed derivatives.

* Level II--Pricing inputs are other than quoted prices in active
markets, which are either directly or indirectly observable as of the
reporting date, and fair value is determined through the use of models
or other valuation methodologies. Investments which are generally
included in this category include corporate bonds and loans, less
liquid and restricted equity securities and certain over-the-counter
derivatives.

* Level III--Pricing inputs are unobservable for the investment and
includes situations where there is little, if any, market activity for
the investment. The inputs into the determination of fair value
require significant management judgment or estimation. Investments
that are included in this category generally include general and
limited partnership interests in corporate private equity and real
estate funds, funds of hedge funds, distressed debt and non-investment
grade residual interests in securitizations and collateralized debt
obligations.

9
FIXED ASSETS- Office and computer equipment are stated at cost. Depreciation
expense is computed using the straight-line method over the estimated useful
life of the asset. The following is a summary of the estimated useful lives used
in computing depreciation expense:

Furniture & lease improvements 7 years
Office equipment 3 years
Computer hardware 3 years
Software 3 years

Expenditures for major repairs and renewals that extend the useful life of the
asset are capitalized. Minor repair expenditures are charged to expense as
incurred.

LONG LIVED ASSETS- The Company reviews for the impairment of long-lived assets
whenever events or changes in circumstances indicate that the carrying amount of
an asset may not be recoverable. An impairment loss would be recognized when
estimated future cash flows expected to result from the use of the asset and its
eventual disposition is less than its carrying amount.

INCOME TAXES- The Company accounts for income taxes in accordance with generally
accepted accounting principles which requires an asset and liability approach to
financial accounting and reporting for income taxes. Deferred income tax assets
and liabilities are computed annually for differences between financial
statement and income tax bases of assets and liabilities that will result in
taxable income or deductible expenses in the future based on enacted tax laws
and 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 and liabilities to the amount expected to be
realized. Income tax expense is the tax payable or refundable for the period
adjusted for the change during the period in deferred tax assets and
liabilities.

The Company follows the accounting requirements associated with uncertainty in
income taxes using the provisions of Financial Accounting Standards Board (FASB)
ASC 740, INCOME TAXES. Using that guidance, tax positions initially need to be
recognized in the financial statements when it is more likely than not the
positions will be sustained upon examination by the tax authorities. It also
provides guidance for derecognition, classification, interest and penalties,
accounting in interim periods, disclosure and transition. As of April 30, 2010,
the Company has no uncertain tax positions that qualify for either recognition
or disclosure in the financial statements. All tax returns from fiscal years
2006 to 2009 are subject to IRS audit.

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2. NET INCOME (LOSS) PER SHARE

Basic net loss per share has been computed based on the weighted average of
common shares outstanding during the years. Diluted net loss per share gives the
effect of outstanding preferred stock which is convertible into common stock.
The effect of the convertible preferred stock has been excluded from the April
30, 2010 calculation of earnings per share since their inclusion would be
anti-dilutive. The calculation for net income (loss) per share is as follows.

30-Apr-10 30-Apr-09
----------- -----------
Net income (loss) $ (11,666) $16,890,442
=========== ===========

Basic shares outstanding (weighted average) 18,486,535 18,268,104
Preferred stock convertible into common shares 0 2,372,036
----------- -----------
Fully diluted shares outstanding (weighted average) 20,858,571 20,640,140
=========== ===========

Basic income (loss) per share $ (0.00) $ 0.93
Fully diluted income (loss) per share $ (0.00) $ 0.82

3. PREFERRED STOCK

CLASS A PREFERRED STOCK: Class A preferred stock has a stated value of $3 per
share. Holders of the Class A preferred stock are entitled to receive a common
stock dividend of 13% of the outstanding Class A shares on an annual basis based
on a value of $3 per share. The Class A preferred stock is convertible into
common stock at a conversion ratio of one preferred share for one common share.

CLASS B PREFERRED STOCK: Class B preferred stock has a stated value of $3 per
share. Holders of the Class B preferred stock are entitled to receive a common
stock dividend of 6% of the outstanding Class B shares on an annual basis based
on a value of $3 per share. The Class B preferred stock is convertible into
common stock at a conversion ratio of one preferred share for one common share.

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4. INCOME TAXES

Provision for income taxes is comprised of the following:

30-Apr-10 30-Apr-09
----------- -----------
Net income (loss) before provision for income taxes $ (15,775) $23,332,681
=========== ===========

Current tax expense:
Federal $ 0 $ 838,112
State 0 257,705
----------- -----------
Total 0 1,095,817

Less deferred tax asset (4,109) 0

Add deferred tax payable (benefit):
Long term capital gain (installment payable over 3 years) 0 5,346,422
----------- -----------
Provision for income taxes $ (4,109) $ 6,442,239
=========== ===========

A reconciliation of provision for income taxes at the statutory rate to
provision for income taxes at the Company's effective tax rate is as follows:

Statutory U.S. federal rate 34% 15%
Statutory state and local income tax 13% 13%
----------- -----------
Effective rate 47% 28%
=========== ===========
Deferred tax asset:
Loss carry-forward expiring in 2030 $ 4,109 $ 0
=========== ===========

For financial statement purposes, the gain on the sale of the FXDD interest is
included in fiscal year 2010. For tax return purposes, the gain on the FXDD sale
is being recorded as an installment sale and therefore the tax liability on the
gain is recognized as the proceeds from the sale over the next three years is
recognized.