UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): ~~June~~September 1411, ~~2006~~2007

~~GREEN~~IT GROUP ~~MOUNTAIN~~HOLDINGS ~~CAPITAL~~ INC.

(Exact Name of Registrant as Specified in Its Charter)

001-14883

(Commission File Number)

16-1728655

(IRS Employer Identification No.)

Nevada

(State or Other Jurisdiction of Incorporation)

201 South Biscayne Boulevard, 28th Floor

Miami, Florida 33131

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(Address of Principal Executive Offices)

(Zip Code)

(~~917~~011) 44 207 ~~620~~216-~~6401~~9000

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(Registrant’s Telephone Number, Including Area Code)

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(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

~~|_|~~ o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

~~|_|~~ o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

~~|_|~~ o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

~~|_|~~ o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

-ITEM 5.02. Departure of 1Directors -or Principal Officers; Election of Directors; Appointment of Principal Officers.

~~Section~~Removal of 7Chief –Executive ~~Regulation FD~~Officer

~~Item~~Effective September 711, 2007, our Board of Directors for cause removed Charlie Yiasemis as our Chief Executive Officer and as a director.01 ~~Regulation~~The FDbasis ~~Disclosure~~for our Board’s removal of Mr. Yiasemis was his refusal as the Company’s Chief Executive Officer to proceed with an agreement for an equity financing required by the Company, which agreement and financing had been approved by the Board of Directors.

InOn September ~~connection~~13, ~~with~~2007, ~~the~~our ~~acquisition~~Board byof ~~Green~~Directors ~~Mountain~~authorized ~~Capital~~and ~~Inc.~~completed (the ~~“Registrant”)~~ removal of ~~Internet~~the ~~Telecommunications~~directors ~~PLC~~ (~~“ITP”),~~including aMr. ~~corporation~~Yiasemis) ~~formed~~of ~~under~~our ~~the~~U.K. ~~laws~~subsidiary, ofInternet Telecommunications ~~England~~Plc, and ~~Wales,~~elected ~~the~~new ~~Registrant~~directors ~~has~~for ~~presented~~that tocompany. ~~the~~The ~~investment~~new directors ~~community~~of anour ~~investor~~subsidiary ~~presentation~~suspended ~~consisting~~Mr. ofYiasemis as Chief Executive Officer of the ~~slide~~subsidiary ~~presentations~~and ~~attached~~elected ~~hereto~~new asofficers ~~Exhibit~~for 99that company.1.

~~The~~Section 9-Financial ~~information~~Statements ~~contained in this Item 7.01 is being furnished~~ and shall not be deemed “filed” with the Securities and Exchange Commission or otherwise incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. Exhibits

~~Section~~ Item 9-.01 Financial Statements and Exhibits

~~Item~~(a) ~~9.01~~ Financial Statements ~~and~~of ~~Exhibits~~business acquired. Not applicable (b) Pro forma financial information. Not applicable

(ac) ~~Financial Statements of business acquired. Not applicable (b) Pro forma financial information. Not applicable~~ Exhibits

~~(c) Exhibits~~SIGNATURES

~~Exhibit~~Pursuant to ~~99.1~~the ~~Investor~~requirements ~~Presentation~~of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

-IT 2GROUP -HOLDINGS INC.

~~SIGNATURES~~By: /s/Fredrik Verkroost Name: Fredrik Verkroost Title: Chairman

~~Pursuant~~Date: September ~~to the requirements of the Securities Exchange Act of 1934~~17, ~~the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~2007

GREEN MOUNTAIN CAPITAL INC.

By: /s/Charlie Yiasemis Name: Charlie Yiasemis Title: Chief Executive Officer, Chief Financial Officer, and President

Date: June 13, 2006

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