SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-QSB/A-1 (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2005 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________ to __________ COMMISSION FILE NUMBER 0-230761 ADVANCED TECHNOLOGY INDUSTRIES, INC. ------------------------------------ (Exact name of small business issuer as specified in its charter) District of Delaware 13-4000208 -------------------- ---------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 211 Madison Avenue #28B New York, New York 10116 ------------------------ (Address of principal executive offices) 212-532-2736 ------------ (Issuer's telephone number) (Former name of Issuer) Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [ ] No [X] Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes [ ] No [X] The number of outstanding shares of the issuer's only class of common stock as of December 30, 2005 was 214,508,899. TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT (CHECK ONE): Yes [ ] No [X] This Amendment Number 1 on Form 10-QSB/A-1 ("Amendment") amends Advanced Technology Industries, Inc.'s (the "Company") Quarterly Report on Form 10-QSB for the quarter ended September 30, 2005, originally filed on November 21, 2005 (the "Original Filing"). The Company is amending herein Part I, Item 3 of the Original Filing. In addition, pursuant to the rules of the Securities and Exchange Commission, the Company is including with this Amendment certain currently dated certifications. Except as noted above, no other changes have been made to the Original Filing. The filing of this Amendment is not a representation that any statements contained in the Company's Quarterly Report on Form 10-QSB for the quarter ended September 30, 2005 other than Part I, Item 3 are true or complete as of any date subsequent to the date of the Original Filing. ITEM 3. CONTROLS AND PROCEDURES The Company maintains a set of disclosure controls and procedures designed to ensure that information required to be disclosed by the Company in the reports filed under the Securities Exchange Act, is recorded, processed, summarized and reported within the time periods specified by the SEC's rules and forms. Disclosure controls are also designed with the objective of ensuring that this information is accumulated and communicated to the Company's management, including the Company's chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure. Based upon their evaluation as of the end of the period covered by this report, the Company's chief executive officer and chief financial officer concluded that, the Company's disclosure controls and procedures are not effective to ensure that information required to be included in the Company's periodic SEC filings is recorded, processed, summarized, and reported within the time periods specified in the SEC rules and forms. The material weakness relates to the lack of segregation of duties in the process of cash receipts and disbursements. In addition, there were instances where accounting analyses did not include evidence of a timely review. (b) Changes in Internal Controls and Procedures. None ITEM 6. EXHIBITS Exhibit 31.1 Certification of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 Exhibit 31.2 Certification of the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 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. ADVANCED TECHNOLOGY INDUSTRIES, INC. Dated: December 30, 2005 By: /s/ Allan Klepfisz --------------------------------------- Allan Klepfisz, Chief Executive Officer