UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarter Period Ended: ~~March~~June 3130, 2011

¨	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: 000-53437

~~IVT~~HWI ~~Software~~GLOBAL, ~~Inc~~INC.

(Exact name of registrant as specified in its charter)

Nevada	8299	74-3177586
State or Other Jurisdiction of Incorporation of Organization)	Primary Standard Industrial Code	(I.R.S. Employer Identification No.)

Nevada

(State or Other Jurisdiction of

Incorporation of Organization)

74-3177586

(I.R.S. Employer Identification No.)

3840 South Water Street, Pittsburgh PA 15203 (Address of Registrants Principal Executive Offices) 412-884-3028 (Registrant’s telephone number, including area code)

~~Pittsburgh~~IVT PaSoftware, Inc. ~~15203~~

(Address and Telephone Number of Registrants Principal Place of Business)

Tel: 412-884-3028

(Issuer’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 x No ¨ o

Indicate by check mark if the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer ¨o Accelerated Filer ¨o Non-accelerated Filer ¨o Smaller Reporting Company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No Xx

~~IVT~~HWI ~~Software~~Global, Inc. had 1394,~~419~~547,~~167~~ 806 shares of common stock outstanding on ~~May~~August 1910, 2011.

FORM 10-Q

QUARTERLY PERIOD ENDED ~~MARCH~~JUNE 3130, 2011

INDEX

PART I- FINANCIAL INFORMATION
Item 1	Unaudited Financial Statements	3-5	~~2-5~~
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	7	7
Item 3	Quantitative and Qualitative Disclosures about Market Risk	12	11
Item 4	Controls and Procedures	12	11
PART II - OTHER INFORMATION
Item 1	Legal Proceedings	12	12
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds		12
Item 1A	Risk Factors	12
Item 3	Defaults Upon Senior Securities		12
Item 2	Defaults Upon Senior Securities	13
Item 4	Submission of Matters to a Vote of Security Holders		12
Item 3	Unregistered Sales of Equity Securities and Use of Proceeds	13
Item 5	Other Information		12
Item 4	Reserved	13
Item 6	Exhibits		13
Item 5	Other Information	13
Signatures			14
Item 6	Exhibits	13
Signatures		15

PART 1I- FINANCIAL INFORMATION

~~ITEM~~HWI 1:GLOBAL, ~~FINANCIAL STATEMENTS~~INC.

IVT SOFTWARE, INC.
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
ASSETS
	March 31,			December 31,
	2011			2010
Current Assets:
Cash	$	53,614		$	71,161
Costs in excess of billings		122,049			136,492
Contracts receivable		338,895			681,749
Other receivables		75,000			75,000
Other current assets		4,705			4,705
Inventory		92,547			89,791
Total Current Assets		686,810			1,058,898
Property, plant and equipment, net of accumulated
depreciation of $90,374 and $84,415		70,488			76,447
Total Assets	$	757,298		$	1,135,345
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Accounts payable	$	968,227		$	900,113
Accrued liabilities		26,849			76,953
Line of credit		499,964			499,964
Short term debt		29,046			21,539
Short term debt - related parties		113,659			100,000
Billings in excess of costs		474,446			450,295
Total Current Liabilities		2,112,191			2,048,864
STOCKHOLDERS' DEFICIT
Common stock, $.0001 par value,
200,000,000 authorized, 13,416,167 and 13,416,167
shares issued and outstanding		1,342			1,342
Additional paid in capital		(75,058	)		(75,058	)
Accumulated deficit		(1,281,177	)		(839,803	)
Total Stockholders' Deficit		(1,354,893	)		(913,519	)
Total Liabilities and Stockholders' Deficit	$	757,298		$	1,135,345
The accompanying notes are integral part of these unaudited consolidated financial statements.

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

	June 30, 2011			December 31, 2010

ASSETS

Current Assets:
Cash	$	50,513		$	71,161
Costs and estimated earnings in excess of billings on uncompleted contracts		180,045			136,492
Contracts receivable		343,995			681,749
Other receivables		75,000			75,000
Subscriptions receivable		30,000			-
Other current assets		4,705			4,705
Inventory		43,966			89,791
Total Current Assets		728,224			1,058,898

Property, plant and equipment, net of accumulated depreciation of $96,305 and $73,241		64,557			76,447
Total Assets	$	792,781		$	1,135,345

LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current Liabilities
Accounts payable	$	1,387,928		$	900,113
Accrued liabilities		22,458			76,953
Line of credit		499,964			499,964
Short term debt		26,430			21,539
Short term debt - related parties		50,550			100,000
Billings in excess of costs and estimated earnings on uncompleted contracts		112,452			450,295
Total Current Liabilities		2,099,782			2,048,864

STOCKHOLDERS' DEFICIT
Preferred stock, $.001 par value, 100,000,000 shares authorized		-			-
Common stock, $.0001 par value, authorized 400,000,000 shares; issued and outstanding 94,547,806 and 93,934,169, respectively		9,455			9,393
Additional paid in capital		51,829			(83,109	)
Accumulated deficit		(1,368,285	)		(839,803	)
Stockholders’ Deficit		(1,307,001	)		(913,519	)
Total Liabilities and Stockholders’ Deficit	$	792,781		$	1,135,345

The accompanying notes are an integral part of these unaudited consolidated financial statements.

IVT SOFTWARE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED MARCH 31, 2011 AND 2010
(UNAUDITED)
	March 31, 2011			March 31, 2010
Contract revenues earned	$	793,812		$	1,384,406
Cost of revenues earned		751,612			849,106
Gross Profit		42,200			535,300
Operating Expenses
Selling, general and administrative expenses		193,347			98,994
Wages and payroll		241,565			135,705
Rent		13,432			19,461
Depreciation and amortization		5,959			5,862
Marketing		21,936			21,766
Total Operating Expenses		476,239			281,788
Operating (Loss)		(434,039	)		253,512
Other Income (Expenses):
Interest expense		(7,335	)		(5,509	)
Total Other Expenses		(7,335	)		(5,509	)
Net Income (Loss)	$	(441,374	)	$	248,003
Basic and diluted net income (loss) per share	$	(0.03	)	$	0.02
Basic and diluted weighted average shares outstanding		13,416,167			10,133,334

HWI GLOBAL, INC

~~The~~CONSOLIDATED ~~accompanying~~STATEMENTS ~~notes~~OF ~~are integral part of these unaudited consolidated financial statements~~OPERATIONS

(UNAUDITED)

	3 Months			3 Months			6 Months			6 Months
	Ended			Ended			Ended			Ended
	June 30, 2011			June 30, 2010			June 30, 2011			June 30, 2010

Contract revenues earned	$	1,004,095		$	700,557		$	1,797,907		$	2,084,963
Cost of revenues earned		652,536			526,560			1,404,148			1,375,666

Gross Profit		351,559			173,997			393,759			709,297

Operating Expenses
Selling, general and administrative expenses		210,099			97,692			403,446			196,686
Wages and payroll		159,461			178,812			401,026			314,517
Rent		23,621			20,761			37,053			40,222
Depreciation and amortization		5,931			6,410			11,890			12,272
Marketing		33,914			4,698			55,850			26,464

Total Operating Expenses		433,026			308,373			909,265			590,161

Operating (Loss) Income		(81,467	)		(134,376	)		(515,506	)		119,136

Other Income (Expenses):
Interest expense		(5,641	)		(6,828	)		(12,976	)		(12,337	)

Total Other Expenses		(5,641	)		(6,828	)		(12,976	)		(12,337	)

Net (Loss) Income	$	(87,108	)	$	(141,204	)	$	(528,482	)	$	106,799
Net (loss) income per share - basic and diluted		-			-			(0.01	)		-
Weighted average shares outstanding - basic and diluted		94,032,487			93,934,169			94,032,487			93,934,169

The accompanying notes are an integral part of these unaudited consolidated financial statements.

IVT SOFTWARE, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 2011 AND 2010
(UNAUDITED)
	March 31, 2011			March 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(441,374	)	$	248,003
Adjustments to reconcile net income (loss) to net cash
used in operating activities:
Depreciation expense		5,959			5,682
Changes in operating assets and liabilities:
Accounts receivable		342,854			19,050
Inventory		(2,756	)		-
Other current assets					(16,089	)
Costs in excess of billings		14,443			(85,135	)
Accounts payable		68,114			16,923
Accrued expenses		(50,104	)		587
Billings in excess of costs		24,151			(341,620	)
Net Cash Used in Operating Activities		(38,713	)		(152,599	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets		-			(2,820	)
Net Cash Used in Investing Activities		-			(2,820	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Members distributions		-			(10,964	)
Borrowings from related parties		13,659			-
Borrowings on debt		7,507			20,724
Net Cash Provided by Financing Activities		21,166			9,760
NET CHANGE IN CASH		(17,547	)		(145,659	)
CASH - beginning of period		71,161			187,597
CASH - end of period	$	53,614		$	41,938
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest	$	7,335		$	5,508
Cash paid for income taxes	$	-		$	-
The accompanying notes are integral part of these unaudited consolidated financial statements.

HWI GLOBAL, INC

~~IVT~~CONSOLIDATED ~~SOFTWARE~~STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, ~~INC.~~2011 AND 2010

~~NOTES~~(UNAUDITED) ~~TO CONSOLIDATED FINANCIAL STATEMENTS~~

	2011			2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$	(528,482	)	$	106,799
Adjustment to reconcile net (loss) income to net cash used in operating activities:
Depreciation expense		11,890			12,272
Changes in operating assets and liabilities:
Accounts receivable		337,754			75,412
Inventory		45,825			-
Other current assets		-			500
Costs and estimated earnings in excess of billings on uncompleted contracts		(43,553	)		31,374
Accounts payable and accrued liabilities		433,320			64,521
Deferred revenue		-			(10,673	)
Billings in excess of costs/estimated earnings on uncompleted contracts		(337,843	)		(384,137	)
Net Cash Used by Operating Activities		(81,089	)		(103,932	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets		-			(4,817	)
Net Cash Used by Investing Activities		-			(4,817	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Members distributions		-			(60,424	)
Common stock issued for cash		105,000			-
Borrowings on revolving line of credit		-			16,500
Proceeds from related party debt		21,000			-
Repayment of related party debt		(70,450	)		-
Proceeds from short term debt		4,891			10,552
Net Cash Provided by (Used by) Financing Activities		60,441			(33,372	)

NET CHANGE IN CASH		(20,648	)		(142,121	)
CASH - beginning of period		71,161			187,597
CASH - end of period	$	50,513		$	45,476
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest	$	12,975		$	12,337
Cash paid for income taxes		-			-
Non-cash investing and financing activities:
Common stock issued for subscription receivable	$	30,000			-

The accompanying notes are an integral part of these unaudited consolidated financial statements.

HWI GLOBAL, INC.

NOTES TO FINANCIAL STATEMENTS

1. Basis of Presentation

The accompanying unaudited interim consolidated financial statements of ~~Haddad-Wylie~~HWI ~~Industries~~Global, Inc. (the “~~HWI~~Company”), have been prepared in accordance with accounting principles generally accepted in the United States ~~of America~~ and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in HWI’'s ~~filed~~Annual ~~with~~Report ~~the SEC~~ on Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the consolidated financial statements which substantially duplicate the ~~disclosure~~disclosures contained in the audited consolidated financial statements for the fiscal year ended December 31, 2010 as reported in the Annual Report on Form 10-K have been omitted.

2. Going Concern

For the ~~quarter~~six months ended ~~March~~June 3130, 2011, the Company had recurring net losses and a working capital deficit. The Company relied partially on loans during 2011 and 2010 to fund operations. These factors raise substantial doubt about the Company’'s ability to continue as a going concern. The financial statements contained herein do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should wethe Company be unable to continue as a going concern. Going forward, the Company plans to rely upon collection of existing receivables , cash flows from operations, and additional equity and debt financings to fund future operations.

3. ~~Related~~ Common ~~Party Transactions~~Stock

~~During~~On ~~the~~May ~~three months ended March~~ 31, 2011, the Company ~~received~~effected ~~advances~~a of7-1 ~~$13,659~~forward ~~from~~stock ~~its CEO~~split. ~~The~~ ~~advances~~All ~~are~~share ~~non-interest~~and ~~bearing~~per ~~and~~share ~~due~~amounts in the consolidated financial statements have been adjusted retroactively as if the stock split had occurred on ~~demand~~the first day of the first period presented.

~~Overview~~On June 1, 2011 the Company sold 613,637 common shares for $135,000. $30,000 of the proceeds were received subsequent to June 30, 2011 and are included in the consolidated balance sheet as a subscription receivable.

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes appearing elsewhere in this Report4. Related ~~This~~Party discussion and analysis may contain forward-looking statements based on assumptions about our future business. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including, but not limited to, those set forth under “Risk Factors” and elsewhere in this Report.Transactions

~~Unless~~During ~~required by law, we undertake no obligation to publicly revise any forward-looking statement to reflect circumstances or events after~~ the ~~date~~six ofmonths ~~this~~ended ~~Report~~June ~~or to reflect the occurrence of unanticipated events. Shareholders and potential shareholders should~~30, ~~however~~2011, ~~review~~ the ~~factors~~Company ~~and~~received ~~risks~~advances weof ~~describe~~$21,000 ~~in the reports we will file~~ from ~~time~~its toCEO ~~time~~and ~~with~~repaid ~~the~~$70,450 ~~SEC after the date~~ of ~~this~~previous ~~Report~~advances. The ~~Management~~advances ~~cautions that these statements~~ are ~~qualified~~non-interest bybearing ~~their terms~~ and~~/or~~ ~~important~~due ~~factors,~~on ~~many~~demand. ofAs ~~which are outside~~ of ~~our~~June ~~control~~30, ~~and involve a number of risks~~2011, ~~uncertainties and other factors that could cause actual results and events to differ materially from~~ the ~~statements~~Company ~~made,~~owed ~~including~~$50,550 ~~but not limited~~ to, ~~the~~its ~~following:~~CEO.

5. Subsequent Event

On July 14, 2011, the Company agreed to sell up to an aggregate of 2,857,142 common shares to a private non-U.S. investor for aggregate proceeds of up to $999,999. The proceeds are expected to be received in four tranches of $250,000, subject to certain conditions. The first tranche is expected to be received on August 15, 2011 with additional tranches expected to follow in 90 day increments.

A complaint was filed against Haddad Wylie Industries, LLC (the “LLC”), a wholly-owned subsidiary of the Company, on July 14, 2011 in the Court of Common Pleas of Allegheny County, Pennsylvania by Tricore Solutions LLC (“Tricore”) alleging breach of contract relating to a contract for services. Tricore is seeking approximately $100,000 in damages. The Company and the LLC are evaluating the merits of the complaint and have engaged counsel to respond to the complaint. The Company believes the likelihood of a material loss to be remote as defined under ASC 450-10 “Contingencies” and therefore has not accrued a loss contingency as of June 30, 2011.

On June 17, 2011, Clearview Federal Credit Union (“Clearview), the Company’s primary secured lender, notified the Company that its line of credit facility, which is secured by a lien on the Company’s accounts receivable and which matured on March 26, 2011, was in default, and demanding payment in full of all principal, interest and other reimbursable costs and fees under the loan agreement and related documents. As of June 30, 2011, the amount due to Clearview was $526,961.76. On August 11, 2011, the Company and Clearview entered into a forbearance agreement which restructures the Company’s repayment obligations to require repayment of $75,000 by the end of August 2011, $50,000 at September 15, 2011 and October 15, 2011, $75,000 by the end of November 2011, $50,000 at December 15, 2011, $50,000 at January 15, 2012 and the balance of $150,000 (plus any further accrued interest, expenses and fees) by the end of February 2012. Pursuant to the forbearance agreement, Clearview will not take any action to collect on the line of credit or execute upon the collateral so long as the Company satisfies the revised repayment schedule.

In August 2011, the Company received a $100,000 unsecured loan from an unaffiliated third party, with repayment terms yet to be negotiated, but expected to require the principal to be repaid within one year from the date of the advance.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

Forward Looking Statements

The information in this Quarterly Report on Form 10-Q includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements other than statements of historical or present facts, that address activities, events, outcomes, and other matters that the Company plans, expects, intends, assumes, believes, budgets, predicts, forecasts, projects, estimates, or anticipates (and other similar expressions) will, should, or may occur in the future. Generally, the words “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will,” “could,” “should,” “future,” “potential,” “continue,” variations of such words, and similar expressions identify forward-looking statements. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.

These forward-looking statements appear in a number of places in this report and include statements with respect to, among other things:

our future financial condition and results of operations;

our future revenues, cash flows, and expenses;

our access to capital and our anticipated liquidity;

our future business strategy and other plans and objectives for future operations;

our outlook for anticipated labor costs for present and future contracts;

· the amount, nature, and timing of future capital expenditures.;

our ability to access the capital markets to fund capital and other expenditures;

our assessment of our counterparty risk and the ability of our counterparties to perform their future obligations; and

the impact of federal, state, and local political, regulatory, and environmental developments in the United States and certain foreign locations where we conduct business operations.

Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including, but not limited to, those set forth under “Risk Factors” and elsewhere in this Report and the Annual Report.

Unless required by law, we undertake no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this Report or to reflect the occurrence of unanticipated events. Shareholders and potential shareholders should, however, review the factors and risks we describe in this Report, the Annual Report and the reports we will file from time to time with the SEC after the date of this Report. Management cautions that these statements are qualified by their terms and/or important factors, many of which are outside of our control, and involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made.

Background

On December 28, 2010 , we entered into and closed an Agreement and Plan of Share Exchange with Haddad Wylie Industries, LLC, a ~~Limited~~limited ~~Liability~~liability company organized under the laws of the ~~state~~Commonwealth of Pennsylvania, pursuant to which we acquired 100% of the issued and outstanding ~~Membership~~ ~~Units~~ membership units of Haddad Wylie Industries, LLC in exchange for the issuance of 10,133,334 shares of our common stock, par value $0.0001. The acquisition was accounted for as a recapitalization effected by a share exchange, wherein Haddad Wylie Industries LLC is considered the acquirer for accounting and financial reporting purposes. As a result of the Exchange, Haddad Wylie Industries, LLC became a wholly-owned subsidiary of IVT Software, Inc. The assets and liabilities of the acquired entity have been brought forward at their book value and no goodwill ~~has~~was ~~been~~ recognized. On May 29, 2011, IVT Software, Inc. changed its name to HWI Global, Inc.

~~IVT~~HWI ~~Software~~Global, Inc. (HWI) is a turnkey provider of cleanroom systems; designing, engineering, manufacturing, installing and servicing principal component systems for advanced cleanrooms. ~~HWI~~ ~~provides~~We ~~their~~provide our customers with services to integrate the design, installation and preventive maintenance of cleanrooms, including architectural and engineering designs, installation, testing, certification, tool fit-up, and continuing on-site service and support. ~~Its~~Our integrated approach enables customers to benefit from accelerated cleanroom design and installation, simplified project control, single-source performance certification and cost effective manufacturing processes.

~~HWI~~About ~~Current~~50% ~~Operations:~~of our current business is hospital renovations or new construction in respect to the USP 797 mandate (a government mandate focused on drug compounding acuracy and sterility to ensure patient safety administered by the U.S. Food and Drug Administration); about 30% is turnkey modular clean room construction for non-hospital industries; about 15% is aseptic lamination for life science applications; and 5% is preventative maintenance contracts with select customers.

~~About~~Our ~~50%~~primary oftrademarked ~~HWI’s~~product ~~current~~line ~~business~~ is ~~hospital~~Bio-GardTM ~~renovations~~which oris ~~new~~the ~~construction~~PVC inaseptic ~~respect~~wall toand ~~the~~ceiling ~~USP~~system ~~797~~used ~~mandate;~~in ~~about~~Life ~~30%~~Science isapplications. ~~turnkey~~The ~~modular~~Bio-GardTM ~~clean~~product, ~~room~~or ~~construction~~the ~~for~~PVC ~~non-hospital~~sheet, ~~industries;~~is ~~about~~also ~~15%~~used isas ~~aseptic~~the ~~lamination~~surface material for ~~life~~our ~~science~~sterile ~~applications;~~pass-throughs and 5%case iswork, ~~preventative~~all ~~maintenance~~part ~~contracts~~of ~~with~~our ~~select~~custom ~~customers~~Bio-GardTM line of accessories.

Our primary trademarked product line is Bio-GardTM which is the PVC aseptic wall and ceiling system used in Life Science applications. The Bio-GardTM product, or the PVC sheet, is also used as the surface material for our sterile pass-throughs and case work, all part of our custom Bio-GardTM line of accessories. We also have the Bio-GardTM Neutral Quat 64, the EPA-registered disinfectant spray that is the recommended cleaning agent.

Our services include: consultation, design, engineering, and construction. We also custom design and manufacture the accessories described above.

~~HWI’s~~Our primary geographic focus is the Northeastern and ~~Southeaster~~Southeastern regions of the United States. To date, ~~HWI~~we ~~has~~have either executed or isare currently contracted for projects in New York, New Jersey, Massachusetts, Rhode Island, Connecticut, Delaware, Maryland, Pennsylvania, Ohio, West Virginia, North Carolina, Florida, Louisiana, Mississippi, Nebraska, Nevada, and California; as well as multiple projects in Puerto Rico and the United Arab Emirates.

Our primary industry markets are Healthcare, Pharmaceutical, Biotechnology, Semiconductor, Microelectronics, Medical Devices, Research and Laboratory.

7Plan of Operations

~~PLAN~~The OFInitial ~~OPERATIONS~~Growth Plan - 2011

InDuring ~~developing~~the annext ~~effective~~12 ~~business~~months, we plan ~~for~~to ~~the~~focus ~~immediate~~on ~~future,~~growing ~~HWI~~our ~~plans~~Sales & Marketing activities to ~~first~~increase ~~direct~~our ~~its~~revenue ~~focus~~base. onAdditionally, ~~the~~by ~~existing~~raising growth capital, we plan to expand its business itplatform ~~has~~by ~~attained~~growing its infrastructure through strategic hiring and creating a new international presence. In July 2011, we entered into an agreement with a private investor for up to ~~preserve~~$1,000,000 in funding. Pursuant to the ~~body~~agreement, funds are to be released in tranches of ~~high-profile~~$250,000 ~~clientele~~commencing itAugust ~~has~~15, ~~developed. To~~2011, doand soquarterly thereafter, ~~HWI~~subject ~~plans~~to our ability to ~~continue~~meet certain conditions. The purpose of the proposed funding is to ~~implement~~allow HWI a plan of implementing capital incrementally into the ~~structure~~payroll and ~~procedures~~overhead structure throughout the year which will enable HWI to strategically hire additional clean room professionals, particularly in the area of Business Development, who provide us a network of relationships and ~~techniques~~opportunities itthat has the potential to greatly increase our revenue stream. HWI is already ~~successfully~~in ~~put~~discussions ~~into~~with ~~action~~a few potential individuals to fill this role.

~~1 The Initial Growth Plan-2011~~8

~~During~~The ~~the~~ next 12area ~~months,~~of ~~HWI’s~~growth ~~existing~~capital ~~infrastructure~~allocation ~~and~~will ~~staff~~be ~~plans~~dedicated to ~~restructure~~establishing ~~its~~an ~~efforts~~international topresence ~~grow~~as ~~the~~a ~~Company’s~~turnkey ~~Sales~~design-build &clean ~~Marketing~~room ~~divisions~~firm. toOur ~~increase~~first ~~its~~geographical ~~revenue~~target ~~base. Additionally,~~will bybe ~~raising~~the ~~growth~~Middle ~~capital,~~Eastern ~~HWI~~Nations ~~plans~~of tothe ~~expand~~United ~~its~~Arab ~~business~~Emirates ~~platform~~(UAE) byand ~~growing~~the ~~its~~Kingdom ~~infrastructure~~of ~~through strategic~~Saudi ~~hiring~~Arabia ~~and~~(KSA). ~~creating~~Our acurrent ~~new~~relationship ~~international~~with ~~presence~~the .Cleveland ~~HWI~~Clinic, iswhich ~~currently~~manages inthe ~~discussion~~operations ~~with~~at athe ~~funding~~Sheikh ~~source~~Khalifa toMedical ~~secure~~City ain $1Abu Dhabi,~~000,000~~ ~~funding~~has ~~commitment,~~opened ~~upon~~up ~~executing~~an ~~the~~opportunity ~~reverse~~for ~~acquisition. In~~HWI ~~accordance~~to ~~with~~be the ~~proposed~~design-build ~~funding~~construction ~~plan, funds~~manager ~~are~~for toa beproject ~~released~~beginning in ~~tranches~~Q3-11. Through two of ~~$250~~our strategic partners in the United States,~~000~~ ~~every~~international 3technology ~~months~~driven ~~throughout~~design, ~~2011. Although~~engineering, construction management, and product distribution firms, HWI is currently negotiating an arrangement to establish a base of operations from their existing offices in ~~advanced~~Dubai ~~discussion~~and ~~with~~Abu Dhabi. If the ~~funding~~negotiations ~~source~~are successful, noHWI ~~funding~~has ~~commitment~~the ~~has~~potential ~~yet~~to ~~been~~become ~~entered~~a ~~into~~recognizable asclean room design-build specialist in one of the ~~date~~world’s offastest ~~this~~growing 8Keconomies ~~report~~and centers of technological innovation.

The ~~purpose~~Next ofStage ~~the proposed funding is to allow HWI a plan~~ of ~~implementing~~Growth ~~capital~~- incrementally into the payroll and overhead structure throughout the year which will enable HWI to strategically hire the right clean room professionals, particularly in the area of Business Development, who will bring with them a network of relationships and opportunities that has the potential to greatly increase HWI’s revenue stream. HWI is already in discussions with a few key individuals to fill this role.2012

The next area of growth capital allocation will be dedicated to establishing an international presence as a turnkey design-build clean room firm. Our first geographical target will be the Middle Eastern Nations of the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA). Our current relationship with the Cleveland Clinic, who manages the operations at the Sheikh Khalifa Medical City in Abu Dhabi, has opened up an opportunity for HWI to be the design-build construction manager for a project beginning in Q1-11. Through one of our strategic partners is the United States, an international technology driven design engineering firm, HWI is currently negotiating an arrangement to establish a basis of operation from their existing offices in Dubai and Abu Dhabi. If the negotiations are successful, HWI has the potential to become a recognizable clean room design-build specialist in one of the world’s fastest growing economies and centers of technological innovation.

By strategically using these initial funds for hiring the most astute professionals we are able to recruit in this specialized industry, and by situating ourselves in a new, premiere marketplace that currently lacks the specialized resources which we offer, HWI plans to capitalize both domestically and internationally with a relatively small amount of funding. We anticipate that this will position HWI for the next round of funding, which, by having successfully implemented the Initial Growth Capital Expansion Plan in 2011, should yield far more value for our equity.

2. The Next Stage of Growth-2012

As HWI implements and executes its Initial Growth Capital Expansion Plan in 2011, we believe the Company will be poised for a broader business expansion that will include mergers, acquisitions, strategic expansion into viable territories and new market segments, as well as further development of our OEM product lines for world-wide distribution.

For instance, the top seven “Biotech Cluster Regions” are Boston (New England), Philadelphia/D.C., Raleigh-Durham, NC (Research Triangle Park), Northern California, Southern California, Seattle-Bellevue, Austin-San Marcos. ~~Thus,~~ ~~for~~As ~~its~~part ~~initial~~of ~~product~~our ~~launch~~expansion, ~~HWI,~~we ~~whose~~plan ~~Home~~on ~~Office~~opening ~~would remain in Pittsburgh, PA, would open~~ four (4) satellite offices, each office having a Healthcare & Life Science division:

1. Philadelphia, PA – to service the 5 counties adjacent to Philadelphia, with outreach to New York/New Jersey (home of some of the world’s largest pharmaceutical companies), the New England Region, and driving distance to Baltimore/D.C./Wilmington, a hotbed of growth and technology;

2. Cary, NC – to intensely focus on the booming Biotech community in Research Triangle Park, the expanding Biotech communities in Charlotte, Winston-Salem and Kannapolis, with outreach to Nashville, Atlanta and ~~Palm Beach, FL.~~Florida;

3. Northern California – to focus our marketing on the San Francisco, Oakland, San Jose triangle, with outreach to Sacramento, Modesto, Stockton, Livermore, Fresno, Napa Valley, Santa Rosa, South San Francisco, Redwood City, Marin County, and all the cities of the East Bay; this office would also have outreach to Seattle and Portland.; and

Southern California – to focus our marketing on the Los Angeles, Orange County, San Diego stretch, with outreach to Ventura, Santa Barbara, Bakersfield, Las Vegas and Phoenix; this office would also have outreach to Denver and Albuquerque.

~~The~~Our ~~HWI~~ strategy is to expand our reach, our network, but to minimize our overhead. The concept is to have a satellite office with a qualified, incentive-driven Regional Director who manages a small group (3 to 5) of incentive-driven sales technicians. The role of the prototypical sales technician is to be well-versed enough to transform leads and contacts into relationships, which result in qualified bid opportunities. Once a bid opportunity is determined, it is the role of the ~~Home~~corporate ~~Office~~sales/marketing team in Pittsburgh to provide the comprehensive design-build bid package, and to see the job through, from design to procurement to installation to sign-off. ~~This enables the sales technician to open as many doors as possible without being bogged down with the details and correspondence of design-build project.~~

In sum, ~~HWI’s~~our plan is to simply take a proven model that we have already accomplished with one small, local staff, and expanding its platform to reach across the nation, and, eventually, the world.

Results of Operations

Comparison of the quarter ended March 31, 2011 and March 31, 2010

The following table sets forth key components of our results of operations during the quarters ended March 31, 2011 and 2010, both in dollars and as a percent of our net sales.

	Quarter Ended March 31, 2011						Quarter Ended March 21, 2010
	Amount			% of Sales Revenue			Amount		% of Sales Revenue
Sales Revenue	$	793,812			100	%		1,384,406		100	%
Cost of Sales		751,612			94.68	%		849,106		61.33	%
Gross Profit		42,200			5.32	%		535,300		38.67	%
Operating Expenses		476,239			60	%		281,788		20.36	%
Operating Income (Loss)		(434,039	)		(54.68	%)		253,512		18.31	%
Other Income	$	(7,335	)		(0.92	%)		(5,509)		(40	%)
Net Income (Loss)		(441,374)			(55.60	%)		248,003		17.91	%

Sales Revenue: Our sales revenue decreased $590,594 or 42.67% from the first quarter of 2010 to the first quarter of 2011. This decrease was due, in part, to a $1,100,000 project in Pittsburgh being delayed from an early February, 2011 start date until a June, 2011 start date. This project was scheduled to be 50% complete by March 31, 2011 which would have produced revenue of approximately $600,000. The purchase order for this project was issued to the company in late 2010. As a result of this purchase order, Deric Haddad, the company’s CEO, focused his attention from sales to the reporting and legal requirements of a new public company, the result being the inability to recover from the delay of this project with additional immediate projects.

Cost of Sales: The cost of sales increased from 61.33% of sales in the first quarter of 2010 to 94.68% of sales in the first quarter of 2011. This increase was the result of four simultaneous projects in Louisiana totaling 1.2 million dollars, partially completed in 2010 and completed in February, 2011. The projects were underbid because the cost of subcontractors for these projects was much higher than the costs historically experienced by the company. In addition, field change orders were completed at additional cost to the company, but not honored by the customer.

Operating Expenses: Operating expenses increased $194,451 from the first quarter of 2010 to the first quarter of 2011. This increase was due to an increase in wages of $105,860, a 78% increase and an increase in other expenses of $94,353, a 95% increase. The increase in wages was due in part to the employment by the company of project managers and draftspersons rather than outsourcing these functions and due in part to increased staffing in the expectation of an increase in sales which did not occur during the first quarter of 2011. The increase in other expenses was due in part to a $31,000 investment in automated clean room technology, a $25,000 increase in accounting fees, and a $21,000 increase in insurance costs.

Other Income (Expenses): Interest expense comprised all of the other income and expenses.

As stated in the MD& A, the general overview reflects a decrease in revenue in Q1-11 from that of Q1-10 – from $1,384,406 to $793,812, a decrease of $590,594 or 42.67%.

There are four (4) primary factors that led to this, all of which can be corrected in Q2 & Q3-11:

1. One of our largest projects, a $1,100,000 micro-electronic project in Pittsburgh, was delayed from an early February, 2011 start date until a late-June, 2011 start date. This project was scheduled to be 50% complete by March 31, 2011 which would have produced revenue of approximately $600,000. During that time, the project did produce approximately $300,000 in change orders – but these were very low margin work orders in the range of 12% Gross Profit, well below our standard range of 25% to 35% Gross Profit. As this project will roll into June and July, it will also have a negative impact on Q2-11 – but we expect it will ultimately have a positive impact on Q3 & Q4-11. The expected revenue of this project, once thought to produce approximately $600,000, will now increase to approximately $900,000 due to additional change orders;

2. The cost of sales increased from 61.33% of sales in the first quarter of 2010 to 94.68% of sales in the first quarter of 2011. This increase was the result of four simultaneous projects in Louisiana totaling 1.2 million dollars, partially completed in 2010 and fully completed in February, 2011. The projects were underbid because the cost of subcontractors for these projects was much higher than the costs historically experienced by the company. We feel strongly that there was improper communication between the client’s administrative personnel and the list of “preferred subcontractors” we were required to use, which resulted in our proprietary and confidential cost assessments being released that ultimately raised our costs and completely depleted our margin. In addition, field change orders were completed at additional cost to the company, but not honored by the customer. In sum, these projects should have yielded and additional $250,000 in gross profit, which had a significant negative impact on Q1-11.

3. Our operating expenses increased $194,451 from the first quarter of 2010 to the first quarter of 2011. This increase was due to an increase in wages of $105,860, a 78% increase and an increase in other expenses of $94,353, a 95% increase. The increase in wages was due in part to the employment by the company of project managers and draftspersons rather than outsourcing these functions and due in part to increased staffing in the expectation of an increase in sales which did not occur during the first quarter of 2011. The increase in other expenses was due in part to a $31,000 investment in automated clean room technology, a $25,000 increase in accounting fees, and a $21,000 increase in insurance costs. The development of our new patent-pending automated control system has had the greatest impact on our increased overhead due to hiring of a high-level engineer and software integrator. We are viewing this increase in cost as an investment into the future which we anticipate should correct itself by the end of Q3-11, and should ultimately begin to yield higher-margin Net Profit by the end of Q4-11. This product (our C3 SmartRoom™ Information Management System) is the future of our domestic and international growth and the foundation of our eventual recurring revenue customer base.

~~Liquidity~~Results ~~and~~of ~~Capital Resources~~Operations

AsComparison of ~~March 31, 2011,~~ the ~~company~~quarters ~~had~~ended ~~cash~~June in30, ~~the~~2011 ~~amount~~and ofJune ~~$53~~30,~~614,~~ an2010 ~~increase~~and ofthe ~~$11,676~~six ~~from~~months ~~the~~ended ~~$41~~June 30,~~938~~ in2011 ~~cash~~and onJune ~~March 31~~30, 2010.

The following table ~~compares~~sets ~~cash~~forth ~~flow~~key ~~information~~components ~~for~~of ~~the~~our ~~quarters~~results ~~ended~~of ~~March~~operations ~~31,~~during ~~2011~~the periods indicated in dollars and ~~March~~as ~~31,~~a ~~2010~~percent of sales.

Quarter Ended	March 31, 2011			March 31, 2010
	3 Months ended June 30,												6 Months ended June 30,
Net Cash Provided (used)
				% of						% of						% of						% of
Operating activities		(38,713	)		(152,599	)
	2011			Sales			2010			Sales			2011			Sales			2010			Sales
Financing Activities		21,166			9,760
Contract Revenues	$	1,004,095			100.00	%	$	700,557			100.00	%	$	1,797,907			100.00	%	$	2,084,963			100.00	%
Cost of Revenues		652,536			64.99	%		526,560			75.16	%		1,404,148			78.10	%		1,375,666			65.98	%
Gross Profit		351,559			35.01	%		173,997			24.84	%		393,759			21.90	%		709,297			34.02	%
Operating Expenses		433,026			43.13	%		308,373			44.02	%		909,265			50.57	%		590,161			28.31	%
Operating (Loss) Income		(81,467	)		-8.11	%		(134,376	)		-19.18	%		(515,506	)		-28.67	%		119,136			5.71	%
Other Income (Expenses):		(5,641	)		-0.56	%		(6,828	)		-0.97	%		(12,976	)		-0.72	%		(12,337	)		-0.59	%
Net (Loss) Income	$	(87,108	)		-8.67	%	$	(141,204	)		-20.16	%	$	(528,482	)		-29.39	%	$	106,799			5.12	%

~~Operating~~Contract ~~Activities~~Revenues: ~~The~~ ~~cash~~Our ~~decrease~~contract revenues decreased $287,056 from the ~~operating~~first ~~loss~~six month of ~~$441~~2010 to the first six months of 2011. However,~~374~~ during the ~~first~~second quarter of 2011, ~~was~~contract ~~offset~~revenues ~~primarily~~increased by$303,538 acompared ~~decrease~~to inthe ~~accounts~~second ~~receivable~~quarter inof 2010. Most of this increase was due to completion of construction during the ~~amount~~second quarter of 2011 on change orders to a $~~342~~1,~~854~~100,000 project amounting to $533,018 and anthe ~~increase~~sales inresulting ~~accounts~~from ~~payable~~completing $255,218 of 68work on the original $1,~~114~~100,000 project during the second quarter 2011. Contract revenues increased 30.23% from the second quarter 2010 to the second quarter 2011 for the same reasons.

~~During~~Cost of Revenues: Cost of revenues increased 2.07% from the first ~~quarter~~6 months of 2010, to the ~~cash~~first ~~increase~~six ~~from~~months of 2011. This was primarily the ~~profit~~result of four simultaneous projects in Louisiana totaling $~~248~~1,~~003~~200,000 partially completed in 2010 and then completed in February 2011. These projects were underbid because the actual cost of subcontractors for these projects was ~~offset~~unexpectedly ~~primarily~~much higher than the anticipated based on historical costs experienced by athe ~~decrease~~company. In addition, field change orders were completed at additional cost in ~~liabilities~~order to complete the project, but we were not able to pass the full amount of these additional costs on to the customer due to differing interpretations of the contract language. The cost of revenues increased 23.92% from the second quarter 2010 to the second quarter 2011. This was due primarily to the completion of 6 projects totaling $~~341~~217,~~620~~421 with a cost of revenues of only $93,447 (43%). As a result of these projects, the average cost of revenues dropped to 64.99% instead of the goal of 70% normally bid in projects.

~~Investing~~Operating ~~Activities~~Expenses: ~~There~~ ~~were~~Operating noexpenses ~~investing~~increased ~~activities~~$319,104 ~~during~~from the six months of 2010 to the first ~~quarter~~six months of 2011. ~~The~~ $2194,~~820~~451 ~~investment~~of this increase occurred in the first quarter of ~~2010~~2011 ~~was~~ due to an increase in wages of $105,860 and an increase in other expenses of $94,353. During the ~~purchase~~second quarter of ~~fixed~~2011, ~~assets~~operating expenses increased $124,653. Although wages decreased $19,351, in an effort to increase sales, the marketing, selling and other administrative expenses increased $144,004.

~~Financing~~Other ~~Activities~~Income: ~~During~~ ~~the~~Interest ~~first~~expense ~~quarter~~comprised all of ~~2011, borrowings from related parties increased $13,659 and other borrowings were $7,507. During~~ the ~~first quarter of 2010,~~ other ~~borrowings~~income ofand ~~$20,724 were offset by members distributions of $10,964~~expenses.

Liquidity and Capital Resources

As of June 30, 2011, we had cash in the amount of $50,513, a decrease of $20,648 from the $71,161 in cash on December 31, 2010.

The following table compares cash flow information for the Six Months ended June 30, 2011 and June 30, 2010.

Quarter Ended	6/30/2011			6/30/2010
Net Cash (Used by) Operating Activities	$	(81,089	)		(103,932	)
Net Cash (Used by) Investing Activities		0			(4,817	)
Net Cash Provided by (Used by) Financing Activities	$	60,441			(33,372	)

Operating Activities: For the six months ended June 30, 2011, the cash used to finance the loss of $528,482, the cash used to decrease the liability for billings to customers in excess of construction costs of $337,843 and the cash used to increase the asset earnings in excess of billings of $43,553 was offset by an increase in accounts payable and accrued liabilities of $433,320, a decrease in accounts receivable of $337,754, a decrease in inventory of $45,825 and other sources of cash. For the six months ended June 30, 2010, the cash provided by net income of $106,799, the decrease in accounts receivable of $75,412, the increase in accounts payable of $64,521 and other sources of cash was offset by the decrease in the liability for billings to customers in excess of construction costs of $384,137.

Investing Activities: There were no investing activities during the first 6 months of 2011. The $4,817 cash used for investing activities in 2010 was due to the purchase of fixed assets.

Financing Activities: During the first 6 months of 2011, the $105,000 in cash provided by the sale of company stock (Regulation D) and the increase in short term debt of $4,891 was offset by a net decrease in borrowings from related parties of $49,450. During the first 6 months of 2010, the $60,424 in cash used for distributions to shareholders was offset by a $16,500 increase in the line of credit and a $10,552 increase in short term debt.

On June 17, 2011, Clearview Federal Credit Union (“Clearview), our primary secured lender, notified us that our line of credit facility, which is secured by a lien on the Company’s accounts receivable and which matured on March 26, 2011, was in default, and demanding payment in full of all principal, interest and other reimbursable costs and fees under the loan agreement and related documents. As of June 30, 2011, the amount due to Clearview was $526,961.76. On August 11, 2011, we entered into a forbearance agreement with Clearview which restructures our repayment obligations to require repayment of $75,000 by the end of August 2011, $50,000 at September 15, 2011 and October 15, 2011, $75,000 by the end of November 2011, $50,000 at December 15, 2011, $50,000 at January 15, 2012 and the balance of $150,000 (plus any further accrued interest, expenses and fees) by the end of February 2012. Pursuant to the forbearance agreement, Clearview will not take any action to collect on the line of credit or execute upon the collateral so long as we satisfy the revised repayment schedule. We do not currently have sufficient cash to satisfy such obligations, but we believe that cash flow from operations and cash proceeds from the sale of equity securities expected in the future will be sufficient to make the payments when due. If we are unable to make the required payments, Clearview may exercise its rights to accelerate payment of the line of credit and foreclose upon the collateral, which may result in us considering our strategic alternatives, which may include curtailing or ceasing business operations and/or seeking bankruptcy protection.

In July 2011, we entered into an agreement with a private investor for up to $1,000,000 in equity funding. Pursuant to the agreement, we would sell shares of our common stock at a price of $0.35 per share, in tranches of $250,000 commencing August 15, 2011, and quarterly thereafter, subject to our ability to meet certain conditions, including, among other requirements, filing our quarterly and other reports with the SEC on a timely basis and other requirements necessary to maintain our OTC.BB listing in good standing.

During the six months ended June 30, 2011, our principal sources of liquidity were proceeds from the issuance of debt and equity securities, cash flows from operations, and cash on hand. We anticipate that our cash and cash equivalents on hand, borrowing capacity under our credit facility, and our future cash flows from operations will not be sufficient to enable us to meet our future operating needs, our planned capital expenditures, and our growth plans in the foreseeable future. The proceeds from the private equity funding described above are important to our meeting these obligations. If the funding conditions are not met or the funding is otherwise not available to us as expected pursuant to the agreement, we would need to obtain alternative financing or other capital resources in order to continue our operations as planned, or we would be forced to significantly scale back our operations and growth plans.

We and our customers continue to operate in a difficult business environment, with only gradual improvements in the economy and continuing uncertainty in the marketplace. Our customers are also facing stringent regulatory requirements as they implement projects to enhance the overall state of their infrastructure, which has resulted in reductions or delays in spending. These economic and regulatory factors have negatively affected our results and may continue to do so in the near term. We believe, however, that economic conditions will improve and market constraints will lessen. We expect this progress to result in increased activity and spending in the industries we serve in the second half of 2011 and beyond, although the regulatory obstacles our customers must overcome continue to create uncertainty as to the timing of spending. We continue to be optimistic about our long-term opportunities in each of the industries we serve, and we believe that, if our growth plans are successfully implemented, we will be strategically positioned to benefit from those long-term opportunities.

Item 3. Quantitative and Qualitative Disclosure About Market Risk

Not applicable ~~to smaller reporting companies~~.

Item 4. Controls and Procedures

The Company’s CEO and the CFO have evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of ~~March~~June 3130, 2011 covered by this Quarterly Report on Form 10-Q. Based upon such evaluation, the foregoing officers have concluded that, as of the end of such period, the Company’s disclosure controls and procedures were not effective as required under Rules 13a-15(e) and 15d-15(e) under the Exchange Act due to the lack of segregation duties reliance on consultants involved in the accounting and reporting process. This conclusion by the Company’s Chief Executive Officer does not relate to reporting periods after ~~March~~June 3130, 2011.

~~Changes~~We inhave ~~Internal~~taken ~~Control~~and ~~over~~continue ~~Financial~~to ~~Reporting~~take appropriate and reasonable steps to make the necessary improvements to remediate our internal controls, including:

No· ~~change~~continuing ~~in the Company’s internal control over financial reporting occurred during the quarter ended March 31, 2011 that materially affected, or is reasonably likely~~ to ~~materially~~educate ~~affect,~~our ~~the~~management ~~Company’s~~and ~~internal~~finance ~~control~~personnel ~~over~~concerning ~~financial~~accounting and reporting. requirements;

11· implementing personnel, policy and procedure changes as part of our on-going program to strengthen the organization structure, financial reporting procedures and system of internal control over financial reporting; and

continuing to utilize professional services firms to assist with accounting and financial reporting.

We continue to improve and implement more rigorous period end reporting processes to include improved controls and procedures, resulting in process refinement. Our remediation efforts are continuing and we expect to make additional changes to our control environment and accounting and reporting processes that we believe will strengthen our internal control over financial reporting. Although we believe the steps taken to date have improved the effectiveness of our internal control over financial reporting, we have not completed all the corrective processes and procedures. Accordingly, we will continue to monitor the effectiveness of our internal control over financial reporting and as required, perform additional procedures to ensure that our financial statements are fairly stated in all material respects. We do not expect that our disclosure controls and procedures or our internal control over financial reporting will prevent or detect all errors. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. The design of any system of controls is based, in part, upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

Part II. Other Information

Item 1. Legal Proceedings

WeA ~~are~~complaint ~~not~~was ~~aware~~filed against Haddad Wylie Industries, LLC (the “LLC”), a wholly-owned subsidiary of ~~any~~the ~~pending~~Company, oron ~~threatened~~July ~~litigation~~14, ~~against~~2011 usin ~~that~~the weCourt ~~expect~~of ~~will~~Common ~~have~~Pleas of Allegheny County, Pennsylvania by Tricore Solutions LLC (“Tricore”) alleging breach of contract relating to a ~~material~~contract ~~adverse~~for ~~effect~~services. Tricore onis ~~our~~seeking ~~business~~approximately $100,000 ~~financial~~in ~~condition,~~damages. The ~~liquidity,~~Company orand ~~operating~~the ~~results~~LLC are evaluating the merits of the complaint and have engaged counsel to respond to the complaint. The Company and the LLC intend to vigorously defend against the allegations made in the complaint.

~~Item~~The ~~1A- Risk~~Company ~~Factors~~is subject to various claims from vendors and other third parties which occur in the ordinary course of its business. We do not presently believe it is reasonably likely that any of these matters would have a material adverse effect on our business, financial position, results of operations or cash flows.

~~Our~~Item operations and financial results are subject to various risks and uncertainties that could adversely affect our business, financial condition, results of operations, and trading price of our common stock1A. Risk ~~Please refer to our annual report on Form 10-K for fiscal year ending December 31, 2010 for additional information concerning these and other uncertainties that could negatively impact the Company.~~Factors

As of the date of this filing, there have been no material changes from the risk factors previously disclosed in Item 1A ~~2. Default~~to Part I of our Annual Report on ~~Senior~~Form 10-K ~~Securities~~for the year ended December 31, 2010. An investment in our common stock involves various risks. When considering an investment in our company, you should carefully consider all of the risk factors described herein and in our Annual Report. These matters specifically identified are not the only risks and uncertainties facing us and there may be additional matters that are not known to us or that we currently consider immaterial. All of these risks and uncertainties could adversely affect our business, financial condition or future results and, thus, the value of an investment in our company.

None

Item 3. Unregistered Sales of Equity Securities and Use of Proceeds

None

Item 4. Submission of Matters to A Vote Of Security Holders

Item 5. Other Information

None

~~IVT~~Item ~~SOFTWARE, INC~~2. Unregistered Sales of Equity Securities and Use of Proceeds

On June 1, 2011 the Company initiated a Regulation D 506 offering for an offering amount of 1,136,363 of its common shares at the offering price of $.22 per share. Pursuant to the offering, the Company sold an aggregate of 613,617 shares for total proceeds of $135,000. The shares were sold pursuant to an exemption under Section 4(2) of the Securities Act of 1933. Proceeds of the offering were used for company operations.

Item 3. Default on Senior Securities

Item 4. Reserved

Item 5. Other Information

On May 23, 2011, we filed with the SEC a definitive Information Statement to report that consents from a majority of our shareholders and the Board of Directors had been received to approve the following:

To amend the Company’s Articles of Incorporation to change our name to HWI Global, Inc.;

To increase the authorized capital stock to 500,000,000 shares of which 400,000,000 shares are Common Stock par value $0.0001 per share and 100,000,000 shares are Preferred Stock par value $.001 per share;

To affect a forward split of the outstanding common shares so that each outstanding share as of the effective date is forward split into seven outstanding common shares; and

To authorize the 2010 Equity Incentive Plan.

The name change was deemed effective by FINRA on May 26, 2011, and the forward split became effective June 1, 2011.

Item 6. Exhibits.

See Exhibit Index on next page.

HWI GLOBAL, INC.

EXHIBIT INDEX

QUARTERLY REPORT ON FORM 10-Q

Exhibit Number	Description	~~Description~~	Incorporated by Reference to:	Filed Herewith	~~Incorporated by Reference to:~~	~~Filed Herewith~~
1		Articles of Incorporation			Exhibit 3.1 to the SB-2 Registration Statement filed June 5, 2008.
3.1	Articles of Incorporation		Exhibit 3.1 to the SB-2 Registration Statement filed June 5, 2008.
2		By Laws			Exhibit 3.2 to the SB-2 Registration Statement filed June 5, 2008
3.2	By Laws		Exhibit 3.2 to the SB-2 Registration Statement filed June 5, 2008
3		Articles of Exchange			Exhibit 3.2 to the Company’s Current Report on Form 8-K filed on January 3, 2011.
3.3	Articles of Exchange		Exhibit 3.2 to the Company’s Current Report on Form 8-K filed on January 3, 2011.
4		Agreement & Plan of Share Exchange			Exhibit 10-1 to the Company’s Current Report on Form 8-K filed on 1-3-2011 amended on April 15, 2011.
3.4	Amended and Restated Articles of Incorporation		Exhibit 3-3 and Exhibit 3-4 to the Company’s Quarterly Report on 10-Q filed on May 20, 2011.
5		Cancellation Agreement			Exhibit 10-2 to the Company's Current Report on Form 8-K filed on January 3, amended on April 15, 2011. 2011
10.1	Agreement & Plan of Share Exchange		Exhibit 10-1 to the Company’s Current Report on Form 8-K filed on 1-3-2011 amended on April 15, 2011.
6		2010 Equity Incentive Plan			Exhibit C to the Company’s 14C Definitive Information Statement filed May 3, 2011
10.2	Cancellation Agreement		Exhibit 10-2 to the Company's Current Report on Form 8-K filed on January 3 amended on April 15, 2011.
8		Amended and Restated Articles of Incorporation			Exhibit 3-3 and Exhibit 3-4	X
10.3	2010 Equity Incentive Plan		Exhibit C to the Company’s 14C Definitive Information Statement filed May 3, 2011
31.1			Certification of Deric Haddad, Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.			X
10.4	Subscription Agreement, Regulation S, dated July 5, 2011 and signed on July 14, 2011 between the Registrant and United Securities of Switzerland AG			X
31.2			Certification of Dick Smith Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.			X
31.1	Certification of Deric Haddad, Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.			X
32.1			Certification of Deric Haddad Chief Executive Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.			X
31.2	Certification of Dick Smith, Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.			X
32.2			Certification of Dick Smith Chief Financial Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.			X
32.1	Certification of Deric Haddad, Chief Executive Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.			X
32.2	Certification of Dick Smith, Chief Financial Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.			X

___________

Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, IVT Software, Inc. has duly caused this Report to be signed on behalf of the undersigned thereunto duly authorized on December 14, 2010

IVT SOFTWARE, INC. /s/ Deric Haddad

		Title		Date
		Chairman of the Board Chief Executive Officer , Chief Accounting Officer		May 19, 2011

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized.

IVT SOFTWARE, INC. By: /s/ Deric Haddad Deric Haddad Chairman of the Board of Directors and President and Chief Executive Officer

Dated: May 19, 2011

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Company and in the capacities and on the dates indicated.

Signature	Title	Date
/s/ Deric Haddad Deric Haddad	Chairman and President and Chief Executive Officer	May 19, 2011
/s/ Dick Smith Dick Smith	Chief Financial Officer (Principal Financial and Accounting Officer)	May 19, 2011
/s/ Heather Haddad Heather Haddad	Vice President, Director	May 19, 2011
/s/ Christopher Jacobs Christopher Jacobs	Vice President, Director	May 19, 2011
/s/ James Wylie James Wylie	Vice President, Director	May 19, 2011
/s/ Peter Michael Habib Peter Michael Habib	Vice President, Director	May 19, 2011

Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, HWI Global, Inc. has duly caused this Report to be signed on behalf of the undersigned thereunto duly authorized on August 12, 2011.

HWI GLOBAL, INC.

	/s/ Deric Haddad ,
	Chief Executive Officer and, Chief Accounting Officer

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