Advanced Technologies Group, Ltd. (the Company), formerly SeventhCai, Inc., was incorporated in the State of Nevada in February 2000. In January 2001, the Company changed its name to Advanced Technologies Group, Ltd., and purchased 100% of the issued and outstanding shares of FX3000, Inc., a Delaware corporation, the designer of the FX3000 web-based software platform. The FX3000 software platform is a financial real time quote and money management platform for use by independent foreign currency traders. In March 2002, the Company transferred its FX3000 program to FX Direct Dealer, LLC, a joint venture company that markets the FX3000 software program. The Company received a 25% interest in the company in return for the transfer. The remaining 75% of the joint venture company is owned by Tradition, N.A., a major, Swiss-based financial company. On December 29, 2006, Tradition, N.A. sold 80% of its interest in DX Direct Dealer, LLC to its Chief Executive Officer. Tradition NA retains 15% ownership interest.

The Company also is the developer of the PromotionStat software program, which assists on-line advertisers in monitoring their marketing effectiveness and which is marketed through the Company's subsidiary, PromotionStat Inc. The Company, through its wholly owned subsidiaries, seeks to generate revenue through its investment in FX Direct Dealer and the PromotionStat E-commerce advertising screening platform software.

GENERAL STATEMENT: FACTORS THAT MAY AFFECT FUTURE RESULTS

With the exception of historical information, the matters discussed in Management's Discussion and Analysis of Financial Condition and Results of Operations contain forward looking statements under the 1995 Private Securities Litigation Reform Act that involve various risks and uncertainties. Typically, these statements are indicated by words such as "anticipates", "expects", "believes", "plans", "could", and similar words and phrases. Factors that could cause the company's actual results to differ materially from management's projections, forecasts, estimates and expectations include but are not limited to the following:

* Inability of the company to secure additional financing

* Unexpected economic changes in the United States

* The imposition of new restrictions or regulations by government agencies that affect the Company's business activities.

To the extent possible, the following discussion will highlight the activities of the Company's business activities for the nine months ended October 2008 and October 2007.

I. RESULTS OF OPERATIONS

COMPARISON OF OPERATING RESULTS

CONSOLIDATED SALES, GROSS PROFIT, AND NET INCOME (THREE MONTHS)

Total net revenues for the first nine months of fiscal 2008 were $0, compared to $428,000 for the same period in fiscal 2007, a decrease of $428,000, or 100%. This decrease was due to the decrease in revenues from software maintenance, as the Company lost its source of revenues from providing software maintenance services to the joint venture. Management does not expect any significant revenues from its PromotionStat technology since all of its efforts have been concentrated in the joint venture operations. Management does not expect any revenues from servicing of the FX3000 currency trading platform in the nearest future.

Net revenues for the three months ended July 31, 2008 were $0 compared to $206,000 for the same period in 2007, showing a decrease of 100%.

General and administrative expense for the first nine months of fiscal 2008 was $287,678 compared to $563,460 for 2007, a decrease of almost 50%. Major decreases in costs during this period were reduction of salaries and benefits, consulting costs, general administration, and promotion and investor relation costs.

The detail of general administrative costs is as follows:

                                            31-OCT-08         31-OCT-07
                                            ---------         ---------

          Travel, lodging, & meals          $ 17,786          $ 82,316
          Rent & utilities                    61,218            88,204
          Supplies                            16,664            22,496
          Automobile costs                    11,022            28,424
          Telephone                            6,515            23,046
          Professional fees                   47,253            24,165
          Miscellaneous taxes                    520               363
          Postage                                177             2,616
                                            --------          --------

          Total                             $161,155          $271,630
                                            ========          ========

For the three months ended October 31, 2008 general and administrative expenses totaled $137,320 compared to $150,391, reflecting a decrease of about 15%.

After deducting general and administrative costs, the Company experienced a loss from operations of $287,678 for the first nine months of fiscal 2008, compared to an operating loss of $135,460 for the same period in fiscal 2007.

During the three months ended October 31, 2008, the Company realized a net loss from operations of $137,320 compared to a gain of $55,609 for the same period in fiscal 2007.

Interest income decreased during nine months ended October 2008 since the Company's average cash balance has decreased in 2008. The Company invests excess cash balance in money market accounts.

During the nine months ended October 31, 2008, the Company's net loss was $256,717 or $0.01 per share compared to a loss of $23,905, or $0.00 per share for the same period in fiscal 2007.

For the three months ended October 31, 2008, the Company experienced a net loss of $137,320 or $0.01 per share compared to a loss of $109,069 or $0.01 per share for the same period in fiscal 2007.

OFF-BALANCE SHEET ARRANGEMENTS

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

DISCUSSION OF FINANCIAL CONDITION: LIQUIDITY AND CAPITAL RESOURCES

At October 31, 2008 cash on hand was $40,070 as compared with $157,203 for the same fiscal period in 2007. During the period the Company received $0 in net subscriptions to its preferred B stock.

The Company does not expect any material capital expenditures for the balance of fiscal 2008.

At October 31, 2008, the Company had working capital of ($2,986,310) compared to a working capital of ($2,866,233) at January 31, 2008.

Total assets at October 31, 2008 were $2,454,547 as compared to $2,527,218 at January 31, 2008.

The Company's total stockholders' equity decreased to ($668,219 ) at October 2008 from ($411,502) at January 31, 2008.

Although the existing cash resources are currently expected to provide sufficient funds through the upcoming year, the continuation of the Company as a going concern for a period of longer than the upcoming year is dependent upon the ability of the Company to obtain necessary financing to continue operations.

III. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES - As of the end of the period covered by this report, an evaluation of the effectiveness of the design and operation of the Company's disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) was performed under the supervision and with the participation of the Company's management, including the CEO and CFO. Based on that evaluation, the Company's CEO and CFO concluded that the Company's disclosure controls and procedures were effective as of October 31, 2008 to ensure that information required to be disclosed in the reports it files and submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported as and when required.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING - There has been no change in the Company's internal control over financial reporting during the most recently completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

IV. TRENDS AFFECTING LIQUIDITY, CAPITAL RESOURCES AND OPERATIONS

A number of factors are expected to impact the Company's liquidity, capital resources and future operations. Included among these are governmental regulation of the trading of currencies by individuals and the acceptability of currency trading by a large number of individual high net worth investors. Management believes that the increasing regulation of securities and other forms of investment vehicles will increase demand for alternate investment vehicles such as currency trading, thereby increasing demand for the Company's products and will significantly expand the Company's markets.

The Company has developed its FX3000 software to allow access by individual investors to what has traditionally been an investment arena restricted to large financial institutions and banks. Management believes that as investors become more sophisticated there will be an increased demand for access to these types of previously unavailable investment vehicles. However, recently the Company has lost its contract with FXDD for servicing of FX3000 platform. The revenue for the services rendered under this Agreement was a major source of income for the Company, and termination of this agreement may have a material adverse effect on the Company.

As other new technological products under development by the Company are introduced, management believes that sales revenues will increase and, over the long term, will result in stable sales and profits for the Company.