Form 10-Q
                         Securities and Exchange Commission
                                Washington, DC 20549


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

For the quarterly period ended       March 31, 2002
                              -------------------------.

Commission file number  0-17080
                        --------
                               UNITRONIX CORPORATION
                               ---------------------
              (Exact name of registrant as specified in its charter)

      New Jersey                                     22-2086851
---------------------------                     --------------------
(State or other jurisdiction of                   (I.R.S. Employer
incorporation or organization)                   Identification No.)

                     One Newbury Street, Peabody, MA 01960
                    ---------------------------------------
                   (Address of principal executive offices)
                                  (Zip Code)

                                (978) 535-3912
           ---------------------------------------------------
           (Registrant's telephone number, including area code)

-----------------------------------------------------------------------


Indicate by check mark whether 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
        -----                  -----

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date:
9,643,718 shares of common stock, no par value, as of May 8, 2002.











                                      1


                            UNITRONIX CORPORATION

                                    INDEX
                                   -------
                                                             Page Number
                                                             -----------
Part I. Financial Information (Unaudited)

Item 1:

Consolidated Balance Sheets-
           March 31, 2002 and June 30, 2001                       3

Consolidated Statements of Income -
        Three Months Ended March 31, 2002 and 2001
        and Nine Months Ended March 31, 2002 and 2001             4

Consolidated Statement of Changes in Stockholders' Deficit-
           Nine Months Ended March 31, 2002                       5

Consolidated Statements of Cash Flows -
           Nine Months Ended March 31, 2002 and 2001              6

Notes to Consolidated Financial Statements                        7


Item 2:

Management's Discussion and Analysis of Results of               10
Operations and Financial Condition for the Three Months
Ended March 31, 2002 and the Nine Months Ended
March 31, 2002




Part II.        Other Information                                13




















                                       2


                              UNITRONIX CORPORATION
                         PART I - FINANCIAL INFORMATION
Item 1. Consolidated Financial Statements

                          CONSOLIDATED BALANCE SHEETS
                                                          March 31,
                                                            2002       June 30,
                                                         (Unaudited)   2001 (1)
                                       ASSETS            -----------   --------
CURRENT ASSETS:
      Cash                                                    $285          $98
      Accounts receivable, net of allowance for doubtful
      accounts of $493 and $925 at March 31, 2002, and
      June 30, 2001, respectively                           22,134       45,306
      Prepaid expenses and other current assets                461        3,971
                                                         ---------    ---------
      TOTAL CURRENT ASSETS                                  22,880       49,375

Property and equipment, at cost less accumulated
depreciation of $315,238 and $314,230 at March 31, 2002,
and June 30, 2001, respectively                              1,043        2,051
Other assets                                                 2,602        2,892
                                                        ----------      -------
TOTAL ASSETS                                               $26,525      $54,318
                                                         =========     ========

                         LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
      Notes payable - related parties                     $713,544     $606,544
      Accounts payable                                      64,144       35,722
      Accrued expenses                                      52,399       28,018
      Accrued interest-related parties                     131,666       82,865
      Deferred revenue                                      31,011       46,854
                                                          --------      -------
      TOTAL CURRENT LIABILITIES                            992,764      800,003
                                                         ---------    ---------
COMMITMENTS AND CONTINGENCIES
Series A preferred stock, $1 par value, 6% cumulative
   convertible nonvoting; authorized 1,000,000 shares;
   956,728 issued and outstanding at March 31, 2002, and
   June 30, 2001, net of unamortized issuance costs of
   $275 at March 31, 2002, and $1,100 at June 30,
   2001, plus undeclared accumulated dividends of $215,265
   at March 31, 2002 and $172,212 at June 30, 2001       1,171,718    1,127,840
STOCKHOLDERS' DEFICIT:
Common stock, no par value; authorized 14,000,000 shares;
   9,643,718 shares issued and outstanding at
   March 31, 2002, and June 30, 2001                     3,487,912    3,487,912
Additional paid-in capital                                   4,065        4,890
Accumulated deficit                                     (5,629,934)  (5,366,327)
                                                         ---------    ---------
TOTAL STOCKHOLDERS' DEFICIT                             (2,137,957)  (1,873,525)
                                                         ---------    ---------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                $26,525      $54,318
                                                         =========     ========
(1) Derived from audited financial statements.
    See accompanying notes to financial statements.

                                       3

                              UNITRONIX CORPORATION

                        CONSOLIDATED STATEMENTS OF INCOME
                                    (Unaudited)


                                         Three Months Ended   Nine Months Ended
                                               March 31,           March 31,
                                           2002       2001     2002       2001
                                          ------     ------   ------     ------
REVENUE:
     Software licenses                       -          -    $13,650    $15,556
     Software related services           $53,226    $65,682  174,596    246,993
     Maps and related services               -          -        -       26,128
                                         -------    -------  -------    -------
TOTAL REVENUE                             53,226     65,682  188,246    288,677
                                         -------    -------  -------    -------
COSTS AND EXPENSES:
     Cost of software related services    23,304     33,052   73,791    100,706
     Cost of map production                  -        1,564      -        2,894
     Software development costs           59,419        -    149,884     21,724
     Selling and marketing expenses        1,229      1,544    4,915     19,382
     General and administrative           26,149     78,965  131,408    304,060
                                         -------    -------  -------    -------
TOTAL COSTS AND EXPENSES                 110,101    115,125  359,998    448,766
                                         -------    -------  -------    -------
(LOSS) FROM OPERATIONS                   (56,875)   (49,443)(171,752)  (160,089)
INTEREST INCOME (EXPENSE), NET           (17,194)   (10,405) (48,802)   (23,821)
OTHER INCOME (EXPENSE), NET                  -          660      -          660
                                         -------    -------  -------    -------
INCOME (LOSS) BEFORE INCOME TAXES        (74,069)   (59,188)(220,554)  (183,250)
                                         -------    -------  -------    -------
PROVISION FOR INCOME TAXES                   -          -        -          -
                                         -------    -------  -------    -------
NET INCOME (LOSS)                       $(74,069)  $(59,188)$(220,554)$(183,250)
                                         =======    =======   =======   =======
Basic and diluted
   net income (loss) per share            $(0.01)    $(0.01)   $(0.02)   $(0.02)
                                         =======    =======   =======   =======
Shares used in computing
   basic and diluted net
   income (loss) per share             9,643,718  9,643,718 9,643,718 9,643,718
                                         =======    =======   =======   =======












See notes to financial statements.

                                       4


                               UNITRONIX CORPORATION

            CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT
                                    (Unaudited)

                      For the Nine Months Ended March 31, 2002

                         Common Stock
                        --------------   Additional
                      Shares               Paid-in    Accumulated  Stockholders'
                      Issued      Amount   Capital      Deficit       Deficit
                      ------      ------   -------      -------       -------

Balance,
June 30, 2001       9,643,718  $3,487,912   $4,890    $(5,366,327) $(1,873,525)

Net (loss)                                               (220,554)    (220,554)

Unpaid accumulated
preferred dividends                                       (43,053)     (43,053)

Amortization of
preferred stock
issuance costs                                (825)                       (825)
                    ---------   ---------   ------     ----------   -----------
Balance,
March 31, 2002      9,643,718  $3,487,912   $4,065    $(5,629,934) $(2,137,957)
                    =========   =========   ======     ===========  ===========










See notes to financial statements.


















                                       5


                               UNITRONIX CORPORATION
                       CONSOLIDATED STATEMENTS OF CASH FLOWS
                                    (Unaudited)

                                                   Nine Months Ended March 31,
                                                   ---------------------------
                                                       2002            2001
                                                     --------        --------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)                                         $(220,554)       $(183,250)

Adjustments to reconcile net (loss)to net cash
      provided (used) by operating activities:
      Depreciation and amortization                    1,008            4,254
Decreases (increases) in operating assets:
      Accounts receivable                             23,172            9,414
      Notes receivable                                   -             93,750
      Prepaid expenses and other current assets        3,510             (626)
      Other assets                                       290            1,156

Increases (decreases) in operating liabilities:
      Accounts payable                                28,422           41,306
      Accrued expenses                                24,381          (27,560)
      Accrued interest                                48,801           14,681
      Deferred revenue                               (15,843)         (36,149)
                                                     -------          -------
Net cash (used) by operating activities             (106,813)         (83,024)
                                                     -------          -------

CASH FLOWS FROM INVESTING ACIVITIES:
      Sale (purchase) of equipment, net                  -                660
                                                     -------          -------
Net cash provided by investing activities                -                660

CASH FLOWS FROM FINANCING ACTIVITIES:
      Proceeds from borrowings                       107,000           47,952
                                                     -------          -------
Net cash provided by financing activities            107,000           47,952
                                                     -------          -------
Net increase (decrease) in cash                          187          (34,412)
Cash at beginning of period                               98           35,452
                                                     -------          -------
Cash at end of period                                   $285           $1,040
                                                     =======          =======

Supplemental disclosures of cash flow information:
   Cash paid during the period for:
     Interest                                            -            $18,169
     Taxes                                               -             $1,946


See notes to financial statements.





                                       6


                              UNITRONIX CORPORATION
                    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

1. Summary of Significant Accounting Policies:
   ------------------------------------------
Basis of Presentation
---------------------
The consolidated financial statements for the year ended June 30, 2001, and the
period ended March 31, 2001, include the accounts of Unitronix Corporation
(the "Company"), Interactive Mining Technologies, LLC ("IMT"), which was a
majority-owned subsidiary of the Company, and EnerSource Mapping, Inc, which was
a majority-owned subsidiary of IMT.  All significant inter-company accounts and
transactions were eliminated.  IMT divested itself of its interest in Enersource
Mapping during the fiscal year ended June 30, 2001, and IMT was dissolved during
that same year.  On August 20, 2001, a new corporation that will function as a
mineral exploration company, temporarily named 3936449 Canada, Inc., was formed.
The Company owns 75% of the new corporation and Goldsat Mining, Inc., owns the
remaining 25%.  The financial statements for the periods ended March 31, 2002,
include the accounts of the Company and 3936449 Canada, Inc..

The Company operates in three business segments.  The Company licenses PRAXA
software, which operates on VAX and Alpha computers manufactured by Compaq
Computer Corporation.  The Company also provides software maintenance, training,
consulting and custom programming services in conjunction with the PRAXA
software.  The Company's newest business segment is engaged in developing
products and services for sale to the mineral exploration, mining and related
industries.  This segment consists of the business of the Company's former
majority owned subsidiary, Interactive Mining Technologies, LLC.  The Company
currently has no marketable products or services in this segment.

The Company has continued to incur losses from operations and has a working
capital deficit of $(969,884) as of March 31, 2002, notes payable to its
principal shareholder of $607,544 and other notes payable of approximately
$103,500. As a result, management anticipates that new products as well as
additional financing will be required in the very near future to sustain the
Company's operations and to repay the notes.  Management's plans for continuing
their operations and for repaying the notes include developing new products and
services to sell, raising additional funds from new and existing investors and
generating revenues from the sale of existing products and services.  In
addition the Company is attempting to sell the PRAXA software sales and support
business.  There can be no assurance that the Company will obtain new products
or services to sell, the financing or the product revenues needed to continue
its operations and to repay the notes.  The financial statements do not include
any adjustments that might result from these uncertainties.

The accompanying financial statements are unaudited. In the opinion of manage-
ment, all adjustments, which include only normal recurring adjustments necessary
to present fairly the financial position, results of operations, and cash flows
for all periods presented, have been made. The results of operations for interim
periods are not necessarily indicative of the operating results for the full
year.

Footnote disclosure normally included in financial statements prepared in
accordance with generally accepted accounting principles has been omitted in
accordance with the published rules and regulations of the Securities and

                                     7

                              UNITRONIX CORPORATION
                    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  (Unaudited)
                                   continued

Exchange Commission.  These financial statements should be read in conjunction
with the financial statements and notes thereto included in the Company's June
30, 2001, Annual Report on Form 10-K.

2.  Net Income (Loss) per Common Share:
   ------------------------------------
Effective December 31, 1997, the Company adopted Statement of Financial
Accounting Standards No. 128 ("SFAS 128") Earnings per Share, which requires
disclosure of basic earnings per common share and diluted earnings per
common share for all periods presented.  Shares used in computing basic and
diluted net income (loss) per share are based on the weighted average shares
outstanding in each period, excluding treasury stock.  Basic net income (loss)
per share excludes any dilutive effect of stock options and convertible
preferred stock.  Diluted net income per share includes the dilutive effect
of the assumed exercise of stock options using the treasury stock method,
and the assumed conversion of the outstanding convertible preferred stock.  The
following table shows the computation of basic and diluted net income per share:

                                           Three Months Ended  Nine Months Ended
                                               March 31,             March 31,
                                           ------------------   ----------------
                                           2002       2001       2002      2001
                                           ----       ----       ----      ----
Numerator:
  Net income (loss)                    $(74,069)  $(59,188) $(220,554)$(183,250)
  Preferred dividend                        -          -          -         -
                                        -------    -------    -------   -------
Income available to common shareholders$(74,069)  $(59,188) $(220,554)$(183,250)
                                        =======    =======    =======   =======

Denominator:
  Weighted average number of shares
   issued and outstanding             9,643,718  9,643,718  9,643,718 9,643,718
  Assumed exercise of options reduced
   by the number of shares which would
   have been purchased with the
   proceeds of those options                -          -          -         -
  Assumed conversion of preferred stock     -          -          -        -
                                        -------    -------   -------    -------
Total shares                          9,643,718  9,643,718 9,643,718  9,643,718
                                      =========  ========= ========= ==========
Basic and diluted
    net (loss) per share                 $(0.01)    $(0.01)   $(0.02)    $(0.02)
                                      =========  ========= ========= ==========

As a result of a net loss for all periods presented, common stock equivalents
for the assumed exercise of options and conversion of preferred shares are not
included in the calculation of weighted average shares since their effect would
be antidilutive.

The number of stock options and warrants outstanding was 2,425,092,and the
number of common shares resulting from conversion of convertible preferred stock
was 478,364 as of March 31, 2002.

                                      8

                              UNITRONIX CORPORATION
                    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  (Unaudited)
                                   continued

3.  Operating Segments
    ------------------
The Company organizes its business units into three reportable segments:
software licenses; software related services; and, mineral exploration products
and services.  The segments' accounting policies are the same as those described
in the summary of significant accounting policies except that interest expense
and non-operating income and expenses are not allocated to the individual
operating segments when determining segment profit or loss.  The Company
evaluates performance based on profit or loss from operations before interest
and income taxes, not including nonrecurring gains and losses.

A summary of the segment information for the three month and nine month periods
ended March 31, 2002 and 2001 is presented below.

                                         Three Months Ended   Nine Months Ended
                                              March 31,            March 31,
                                         ------------------   ------------------
                                          2002        2001     2002        2001
                                          ----        ----     ----        ----
Software licenses:

     Revenue                                -           -    $13,650    $15,556
     Costs and expenses                     -           -     10,470      2,048
                                       --------     -------  -------    -------
     Income (loss) for segment              -           -      3,180     13,508
                                       --------     -------  -------    -------
Software Related Services:

     Revenue                             53,226      65,682  174,596    246,993
     Costs and expenses                  37,607      55,891  150,320    209,215
                                       --------     -------  -------    -------
     Income (loss) for segment           15,619       9,791   24,276     37,778
                                       --------     -------  -------    -------
Mineral Exploration Products
    and Services:

     Revenue                                -           -        -       26,128
     Costs and expenses                  72,494      59,234  199,208    237,503
                                       --------     -------  -------    -------
     (Loss) for segment                 (72,494)    (59,234)(199,208)  (211,375)
                                       --------     -------  -------    -------
Total (loss) for segments              $(56,875)   $(49,443)(171,752)  (160,089)
                                       ========     =======  =======    =======

4.  Related Party Transactions
    --------------------------
During the three month period ended March 31, 2002, two shareholders loaned
$49,000 to the Company to pay operating expenses.  At the end of the period, the
Company's major shareholder was owed a total of $723,465 by the Company for
loans and accrued interest, and another shareholder was owed $121,744 by the
Company.  The Company's major shareholder was granted warrants to purchase

                                    9


                              UNITRONIX CORPORATION
                    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  (Unaudited)
                                   continued

433,841 shares of the Company's common stock at a price of fifteen cents ($0.15)
per share on march 31, 2002, in accordance with a lending agreement that was
negotiated between the Company and the shareholder in 2000.


Item 2. Management's Discussion and Analysis of Results of Operations
        and Financial Condition

FORWARD LOOKING STATEMENTS
--------------------------
In addition to historical information, this Quarterly Report contains forward-
looking statements.  The forward-looking statements are subject to certain
risks and uncertainties that could cause actual results to differ materially
from those reflected in such forward-looking statements.  Readers are cautioned
not to place undue reliance on these forward-looking statements, which reflect
management's opinions only as of the date hereof.  The Company undertakes no
obligation to revise or publicly release the results of any revision to these
forward-looking statements.  Readers should carefully review the risk factors
described in other documents the Company files from time to time with the SEC,
including the Annual Report on Form 10-K for the fiscal year ended June 30,
2001.

The analysis of the Company's financial condition, capital resources and
operating results should be viewed in conjunction with the accompanying
financial statements, including the notes thereto.

RESULTS OF OPERATIONS
---------------------
The Company continued to sell PRAXA software and software support services
during the three month and nine month periods ended March 31, 2002.  Two PRAXA
software license upgrades were sold to existing customers in the nine month
period; there were no sales of software licenses in the three months ended March
31, 2002..  Revenue from software support services, which includes consulting,
training, custom programming and hot-line support services, continued to decline
from prior periods as more PRAXA customers converted to other MRP and ERP
software systems.  The customers that continue to use the PRAXA software require
limited consulting and training services as they typically have a high level of
expertise in the use of the software.

The Company continued work on the mineral potential assessment software project
that was started by the Company's former majority owned subsidiary, Interactive
Mining Technologies, LLC.  The Company's consulting experts have now approved
the underlying model for Geo-Sleuth, the Company's mineral potential assessment
tool.  The model reflects the results of testing over both the Noranda camp in
Rouyn-Noranda, Quebec, and the Sturgeon Lake camp in Ontario.  These two camps
cover the spectrum of common volcanic massive sulfide deposit types and environ
ments.  Results from these tests have been better than expected with the tool
being able to eliminate 95% of the area of inquiry as not being prospective and
retaining the 5% of the land mass which is prospective as evidenced by existing
mines and known mineralization.


                                     10


                          UNITRONIX CORPORATION

Item 2. Management's Discussion and Analysis of Results of Operations
        and Financial Condition
                                  continued

Geo-Sleuth is currently being applied in a "real-world" environment in an
under-explored area of approximately twelve thousand square kilometers located
in northern Quebec, Canada.  The required data has been obtained, formatted and
analyzed.  The preliminary mineral potential maps have been received and are
currently being evaluated.

Based upon direction given by the Company's Board of Directors, management has
continued it's attempts to sell the PRAXA business sector.  The business, which
includes ownership of the PRAXA software, existing sales and software support
agreements, and certain computer systems and office equipment, is listed with a
nationwide business broker.  If the PRAXA business is sold, funds resulting
from the sale will be invested by the Company in the mineral exploration
products and services business segment and used generally for working capital.
To date there has been very little interest expressed by potential buyers of the
PRAXA business sector, and there can be no assurances that a buyer will be found
for the business.  Management is continuing it's efforts to reduce expenses
associated with the PRAXA business segment in it's attempt to generate positive
cash flow from the segment.

Third Quarter Ended March 31, 2002 Compared to the Third Quarter Ended
----------------------------------------------------------------------
March 31, 2001
--------------

During the three month period ended March 31, 2002, revenues decreased by
19% from the like period in 2001.  There was no revenue from software licenses
in the quarter ended March 31, 2002, while revenue from software related
services declined by 19%.  This decrease was due to reduced revenue from PRAXA
support customers, a trend that has been on-going for several years and that
management expects to continue in the future.  There was also no revenue from
the sale of tenement maps and related mineral exploration services during the
2002 period by EnerSource Mapping, Inc., as the Company divested it's interest
in EnerSource Mapping during the prior fiscal year.

The cost of providing software related services decreased by 29.5% from the
quarter ended March 31, 2001,to the period ended March 31, 2002, due
to fewer PRAXA users requiring support and consulting services.  Selling
expenses for PRAXA software and support services were reduced to approximately
$1,200 for the period ended March 31, 2002, since the Company no longer
has resources dedicated to selling these products.

Software development costs of approximately $59,400 were incurred by the Company
for funding additional development and testing of its Geo-Sleuth mineral
potential assessment tool.  The Company anticipates bringing the software and
related services to market during the fourth quarter of the current fiscal year
provided that funding can be obtained to finance completion of the development
of the software and creation of an organization to market and perform the
mineral assessment potential services..

General and administrative expenses ("G & A") decreased by 67% from the period
ended March 31, 2001, to the like period in 2002  This reduction was due to a

                                    11

                          UNITRONIX CORPORATION

Item 2. Management's Discussion and Analysis of Results of Operations
        and Financial Condition
                                  continued

decrease in administrative and support staffing, decreases in scheduled work
hours and salaries for the software support staff and the Chief Financial
Officer, and the allocation of the salary and expenses of the Company's product
development manager to the mineral potential assessment software development
project.

The reduction in revenues resulted in a loss from operations of approximately
$74,000 for the three months ended March 31, 2002, as compared with a loss
from operations of approximately $59,200 for the like period in 2001.

Nine Months Ended March 31, 2002, Compared to the Nine Months Ended
-------------------------------------------------------------------
March 31, 2001
--------------

During the nine month period ended March 31, 2002, revenues decreased by
35% from the like period in 2001.  Software license revenue was approximately
the same for both periods, while revenue from software related services
declined by 29%.  This decrease was due to reduced revenue from PRAXA support
agreements, a trend that has been on-going for several years and that manage-
ment expects to continue in the future.  Revenue from the sale of tenement maps
and related mineral exploration services by EnerSource Mapping, Inc., was
eliminated in fiscal 2002 due to the divestiture of EnerSource Mapping by the
Company as discussed above.

The cost of providing software related services decreased by 27% from the
period ended March 31, 2001, to the period ended March 31, 2002, due
to fewer PRAXA users requiring support and consulting services.  Selling
expenses for PRAXA software and support services were reduced to approximately
$4,900 for the period ended March 31, 2002, since the Company no longer
has resources dedicated to selling these products.  Approximately $12,000 of
selling expenses that were incurred by EnerSource Mapping, Inc. in the 2001
period were eliminated in 2002.

Software development costs of approximately $150,000 were incurred by the
Company, for funding further development and testing of its Geo-Sleuth
mineral potential assessment tool.

General and administrative expenses ("G & A") decreased by 57% from the period
ended March 31, 2001, to the like period in 2002.  This reduction was
due to a decrease in scheduled work hours and salaries for the software
support staff and the Chief Financial Officer, and the allocation of the salary
and expenses of the Company's product development manager to the mineral
potential assessment software development project.

The reduction in revenues resulted in a loss from operations of approximately
$220,500 for the nine months ended March 31, 2002, as compared with a loss
from operations of approximately $183,000 for the like period in 2001.



                                    12


                          UNITRONIX CORPORATION

Item 2. Management's Discussion and Analysis of Results of Operations
        and Financial Condition
                               continued

Liquidity and Capital Resources
-------------------------------

As of March 31, 2002, the working capital deficit was $(969,884) as compared
to a deficit of $(750,628) at June 30, 2001.  The increased deficit is due
to decreased accounts receivables and higher notes payable, accounts payable
and accrued expense and interest balances at March 31.

Management projects that capital from sources other than operations will be
required to bring the mineral potential assessment software and related services
to market.  The Company anticipates raising this capital through the sale of the
PRAXA business sector and the private placement of stock in the Company.  This
plan will require that new shares be authorized by the current shareholders, as
there is not sufficient stock available to execute the plan.  The shares held by
existing shareholders will be diluted to the extent that new stock is issued.
There can be no assurance that the Company will be able to raise these
additional funds and failure to do so may have a material adverse impact on the
Company's business and operations.


                         PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

The Company is not currently involved in any legal proceedings.

Item 6.  Exhibits and Reports on Form 8-K

A. Exhibits

    None.

B. Reports on Form 8-K

    The Company did not file any reports on Form 8-K during this quarter.
















                                    13


Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                       Unitronix Corporation
Date: May 8, 2002
                                       By: /s/William C. Wimer
                                           ---------------
                                           William C. Wimer
                                           Vice President, Operations and
                                           Chief Financial Officer









































                                     14