SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

    Quarterly report under Section 13 or 15(d) of the Securities Exchange Act
                  of 1934 For the quarter period ended 9/30/00

         [ ] Transitional report under Section 13 or 15(d) of Exchange A
                       For the quarter period ended: (n/a)

                         Commission File number 0-27987

                        Premier Mortgage Resources, Inc.
                 (Name of Small Business Issuer in its charter)

             Nevada                                   88-0343833
(State of other jurisdiction of          (I.R.S. Employer Identification No.)
 incorporation or organization)

  280 Windsor Highway  New Windsor, NY                        12553
(Address of principal executive offices)                    (Zip Code)

Issuer's telephone number        (914) 561-7770

               APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                  PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by a court Yes [ ] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of
common equity as of the latest practicable date: 5,554,294  as of 11/07/00

Transitional Small Business Disclosure Format (Check one) Yes[ ] No [x]

<PAGE>

TABLE OF CONTENTS

                          PART I FINANCIAL STATEMENTS




Item 1     Financial Statements                                             3

Item 2     Management's Discussion and Analysis or Plan of Operation       12

                           PART II OTHER INFORMATION

Item 1     Legal Proceedings                                               16
Item 2     Changes in Securities                                           16
Item 3     Default upon Senior Securities                                  16
Item 4     Submission of Matters to a Vote of Security Holders             16
Item 5     Other Information                                               16
Item 6     Exhibits and Reports on Form 8-K                                17




ITEM I            FINANCIAL STATEMENTS




<PAGE>


                 PREMIER MORTGAGE RESOURCES, INC. AND SUBSIDIARY
                        CONSOLIDATED FINANCIAL STATEMENTS
         FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999




                                   (UNAUDITED)

<PAGE>

                 PREMIER MORTGAGE RESOURCES, INC. AND SUBSIDIARY
                   INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)



                                                                       Page
                                                                      number
--------------------------------------------------------------------------------


Consolidated balance sheets at September 30, 2000
(unaudited) and December 31, 1999                                       F-1

Consolidated statements of operations for the three months
ended September 30, 2000 and 1999 (unaudited)                           F-2

Consolidated statements of operations for the nine
months ended September 30, 2000 and 1999 (unaudited)                    F-3

Consolidated statement of stockholders' equity for the
nine months ended September 30, 2000 (unaudited)                        F-4

Consolidated statements of cash flows for the nine
months ended September 30, 2000 and 1999 (unaudited)                   F-5

Notes to consolidated financial statements (unaudited)              F-6 - F-11



<PAGE>

                 PREMIER MORTGAGE RESOURCES, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>

                                     ASSETS


                                                                                    September 30,
                                                                                        2000
December 31,
                                                                                     (unaudited)                    1999
                                                                               -----------------------      ----------------------
<S>                                                                            <C>                          <C>
Current assets:
  Cash                                                                         $                 1,143      $                 250
                                                                               -----------------------      ---------------------
   Total current assets                                                                          1,143                        250
                                                                               -----------------------      ---------------------

Investment in affiliate, at cost                                                             2,371,032                  1,796,032
                                                                               -----------------------      ---------------------
   Total assets                                                                $             2,372,175      $           1,796,282
                                                                               =======================      =====================


                                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accrued expenses                                                             $               207,805      $             159,852
  Due to related parties                                                                       216,355                     70,554
  Note payable                                                                                  50,000                     50,000
                                                                               -----------------------      ---------------------
     Total current liabilities                                                                 474,160                    280,406
                                                                               -----------------------      ---------------------

Redeemable, cumulative preferred stock                                                         850,000                    380,000
                                                                               -----------------------      ---------------------
Commitments and contingencies (Note 5)                                                              --                         --
                                                                               -----------------------      ---------------------

Stockholders' equity:
  Preferred stock - $.001 par value, 10,000,000 shares
  authorized, -0- shares issued and outstanding                                                     --                         --
  Common stock - $.001 par value, 50,000,000 shares authorized,
  3,878,960 and 3,628,794 shares issued and outstanding, respectively                            3,879                     3,629
  Additional paid-in capital                                                                 1,700,784                  1,564,284
  Accumulated deficit                                                                        (656,648)                  (432,037)
                                                                               -----------------------      ---------------------
    Total stockholders' equity                                                               1,048,015                  1,135,876
                                                                               -----------------------      ---------------------

Total liabilities and stockholders' equity                                     $             2,372,175      $           1,796,282
                                                                               =======================      =====================
</TABLE>


     See accompanying notes to consolidated financial statements (unaudited)


                                      F-1
<PAGE>

<TABLE>
<CAPTION>

                 PREMIER MORTGAGE RESOURCES, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
             FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
                                   (UNAUDITED)

<S>                                                                            <C>                        <C>
                                                                                         2000                        1999
                                                                               ----------------------     ------------------------
Income - Related Party                                                         $                   --     $                 45,000
                                                                               ----------------------     ------------------------

Expenses:
    Selling, general, and administrative expenses                                              90,549                        2,831
    Selling, general, and administrative expenses - related party                                  --                       85,846
                                                                               ----------------------     ------------------------
Total expenses                                                                                 90,549                       88,677
                                                                               ----------------------     ------------------------
Loss from operations before interest expense and provision
for income taxes                                                                              (90,549)                     (43,677)

Interest expense                                                                                   --                        1,543
                                                                               ----------------------     ------------------------
Loss before provision for income taxes                                                        (90,549)                     (45,220)

Provision for income taxes                                                                         --                            -
                                                                               ----------------------     ------------------------
Net (loss)                                                                                    (90,549)                     (45,220)

Other items of comprehensive income                                                                --                            -
                                                                               ----------------------     ------------------------

Comprehensive net (loss)                                                       $              (90,549)    $                (45,220)
                                                                               =======================    =========================

Basic:
     Net (loss)                                                                $                 (.02)    $                   (.02)
                                                                               =======================    =========================

Weighted average number of
 common shares outstanding                                                                   3,731,134                    2,158,364
                                                                               =======================    ========================
</TABLE>


     See accompanying notes to consolidated financial statements (unaudited)

                                      F-2
<PAGE>

<TABLE>
<CAPTION>
                 PREMIER MORTGAGE RESOURCES, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
                                   (UNAUDITED)


<S>                                                                            <C>                        <C>
                                                                                         2000                        1999
                                                                               -----------------------    ------------------------

Income - Related Party                                                         $               18,000     $                197,040
                                                                               ----------------------     ------------------------

Expenses:
    Selling, general, and administrative expenses                                             123,908                       36,636
    Selling, general, and administrative expenses - related party                              77,750                      239,704
                                                                               ----------------------     ------------------------

Total expenses                                                                                201,658                      276,340
                                                                               ----------------------     ------------------------

Loss from operations before interest expense and provision
for income taxes                                                                             (183,658)                     (79,300)

Interest expense                                                                                2,000                        7,800
                                                                               ----------------------     ------------------------

Loss before provision for income taxes                                                       (185,658)                     (87,100)

Provision for income taxes                                                                          -                            -
                                                                               ----------------------     ------------------------

Net (loss)                                                                                   (185,658)                     (87,100)

Other items of comprehensive income                                                                 -                            -
                                                                               ----------------------     ------------------------

Comprehensive net (loss)                                                       $             (185,658)    $                (87,100)
                                                                               =======================    =========================

Basic:
     Net (loss)                                                                $                   (.05)  $                   (.04)
                                                                               =========================  =========================


Weighted average number of
 common shares outstanding                                                                  3,663,336                    2,158,364
                                                                               ======================     ========================
</TABLE>


     See accompanying notes to consolidated financial statements (unaudited)

                                      F-3
<PAGE>

<TABLE>
<CAPTION>

                 PREMIER MORTGAGE RESOURCES, INC. AND SUBSIDIARY
                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                  FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000
                                   (UNAUDITED)



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

<S>                                            <C>            <C>             <C>                <C>                 <C>
Balances at December 31, 1999                  3,628,794      $  3,629        $ 1,564,284        $  (432,037)        $  1,135,876

Issuance of common stock in
  lieu of consideration for
  services rendered to the
  company                                          3,500             3              1,747                 --                1,750

Officers' contribution                                --            --             30,000                 --               30,000

Accrued dividends on convertible
  redeemable preferred stock                          --            --                 --
                                                                                                     (38,953)             (38,953)

Repurchased and cancelled shares
   of common stock                                (3,334)           (3)           (19,997)                --              (20,000)

Sale of common stock                             250,000           250            124,750                 --              125,000

Net loss for the nine months ended
  September 30, 2000                                  --            --                 --           (185,658)            (185,658)
                                               ---------      ---------       -----------        ------------        -------------

Balances at September 30, 2000                 3,878,960      $  3,879        $ 1,700,784        $  (656,648)        $ 1,048,015
                                               =========      =========       ===========        ============        =============


</TABLE>

     See accompanying notes to consolidated financial statements (unaudited)

                                      F-4
<PAGE>

<TABLE>
<CAPTION>

                 PREMIER MORTGAGE RESOURCES, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
                                   (UNAUDITED)
                                                                                                 2000                  1999
                                                                                           ----------------      ---------------
<S>                                                                                        <C>                   <C>
Cash flows from operating activities:
   Net (loss)                                                                              $       (185,658)     $       (87,100)
   Adjustments to reconcile net (loss) to net
    cash used for operating activities:
   Amortization                                                                                                              189
   Officers' contribution                                                                            30,000                   --
   Issuance of common stock for services                                                              1,750                   --
Increase (decrease) in:
   Accrued expenses                                                                                   9,000               27,767
                                                                                           ----------------      ---------------
Net cash used for operating activities                                                             (144,908)             (59,144)
                                                                                           -----------------     ----------------

Cash flows from investing activities:
   Investment in affiliate                                                                         (575,000)            (674,357)
                                                                                           -----------------     ----------------
Net cash used for investing activities                                                             (575,000)            (674,357)
                                                                                           -----------------     ----------------

Cash flows from financing activities:
   Sale of common stock in connection with
    private placement, net of costs                                                                      --              791,360
   Redemption of common stock                                                                       (20,000)                  --
   Proceeds from sale of redeemable preferred stock                                                 595,000                   --
   Repayments of convertible notes payable                                                               --             (100,000)
   Advances from (repayments to) related parties                                                    145,801               40,817
                                                                                           ----------------      ---------------
Net cash provided by financing activities                                                           720,801              732,177
                                                                                           ----------------      ---------------

Net increase (decrease) in cash                                                                         893               (1,324)
Cash, beginning of period                                                                               250                2,053
                                                                                           ----------------      ---------------

Cash, end of period                                                                        $          1,143      $           729
                                                                                           ================      ===============

Supplemental disclosure of non-cash flow information:  Cash paid during the year
     for:
         Interest                                                                          $             --     $              --
                                                                                           ================     =================
    Income taxes                                                                           $             --     $              --
                                                                                           ================     =================
</TABLE>


     See accompanying notes to consolidated financial statements (unaudited)


                                      F-5
<PAGE>

                 PREMIER MORTGAGE RESOURCES, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE 1 -     NATURE OF BUSINESS

             The Company

             Premier Mortgage  Resources,  Inc. (the "Company") was incorporated
             in the State of Nevada on August 17, 1995 under the name  "Mortgage
             Resources,  Inc." The name of the Company was changed on August 20,
             1997 to its current name. Until the acquisition of United National,
             Inc.  ("United") in June 1998, the Company had no  operations.  The
             Company  acquired  United  during  June  1998 in order to  commence
             operations in the mortgage banking industry.

             Reorganization

             During   June  1998,   pursuant  to  an   Agreement   and  Plan  of
             Reorganization  (the   "Reorganization   Agreement"),   an  officer
             received  377,778  then  representing  48.6%  of the  common  stock
             outstanding  after the cancellation of 433,333 shares of the former
             officers as discussed in the next paragraph,  in consideration  for
             100% of the shares of common stock of United.  Such transaction was
             considered a capital  transaction  whereby United  contributed  its
             stock for the net  assets  of the  Company  which  was  consummated
             simultaneously with a recapitalization of the Company.

             Simultaneously with the execution of the Reorganization  Agreement,
             the former  officers  of the  Company  canceled  433,333  shares of
             common stock and resigned as officers of the Company. In connection
             with the  resignation  of the former  officers of the Company,  the
             former sole  shareholder  of United was elected as President of the
             Company. Accordingly, after such capital transaction, United became
             a wholly owned subsidiary of the Company.

             United

             United  was  incorporated  in the State of Nevada on  November  21,
             1997.  Since the date of  incorporation  and through  August  1998,
             United had limited  operations.  Form August 1998 to June 30, 2000,
             United had performed loan processing and telemarketing services for
             United  National  Mortgage,  LLC (the "LLC").  As of September  30,
             2000,  United owns  approximately a 2% interest in the LLC which is
             accounted for under the cost method.

             LLC

             The LLC is a limited  liability  company  whereby an officer of the
             Company  owns  approximately  98% as of  September  30,  2000.  The
             Company  currently  has an option to  purchase  the  remaining  98%
             interest  (for a nominal  amount) from this officer  subject to the
             approval  by  New  York  State  Banking  Department.  The  LLC is a
             licensed  mortgage banker in ten states which primarily  originates
             conforming  conventional  loans and sells those loans to  investors
             with  servicing  rights  released.  The intent of the Company is to
             execute  its  options  and  have  the LLC  become  a  wholly  owned
             subsidiary in order to enter the mortgage banking industry.


                                      F-6
<PAGE>

                 PREMIER MORTGAGE RESOURCES, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)



NOTE 2 -     INTERIM RESULTS AND BASIS OF PRESENTATION

             The unaudited financial statements as of September 30, 2000 and for
             the three and nine month periods ended  September 30, 2000 and 1999
             have been prepared in accordance with generally accepted accounting
             principles for interim financial  information and with instructions
             to Form 10-QSB and Items 303 and 301(B) of  Regulation  S-B. In the
             opinion of management, the unaudited financial statements have been
             prepared on the same basis as the annual  financial  statements and
             reflect  all  adjustments,  which  include  only  normal  recurring
             adjustments,  necessary to present fairly the financial position as
             of September  30, 2000 and the results of our  operations  and cash
             flows for the three and nine month periods ended September 30, 2000
             and 1999.  The financial  data and other  information  disclosed in
             these notes to the interim  financial  statements  related to these
             periods  are  unaudited.  The  results for the three and nine month
             periods ended September 30, 2000 are not necessarily  indicative of
             the results to be expected for any subsequent quarter or the entire
             fiscal year ending December 31, 2000. The balance sheet at December
             31, 1999 has been derived from the audited financial  statements at
             that date.

             Certain information and footnote  disclosures  normally included in
             financial statements prepared in accordance with generally accepted
             accounting  principles  have been condensed or omitted  pursuant to
             the Securities and Exchange Commission's rules and regulations.  It
             is suggested that these unaudited  financial  statements be read in
             conjunction with our audited financial statements and notes thereto
             for the year ended  December  31, 1999 as included in our report on
             Form 10-KSB.

NOTE 3 -     INVESTMENT IN AFFILIATE AT COST

                     On  July  29,  1998,  United  entered  into a LLC  Interest
             Acquisition  Agreement (the "LLC  Acquisition  Agreement") with the
             Company's  former  President  whereby  for an initial  $508,000  it
             acquired a 1%  interest  in the LLC and the  option to acquire  the
             remaining 99% interest in the LLC as follows;  1% based on required
             capital  by the LLC in order to remain in  compliance  with its net
             capital  requirements  with  various  state  banking  laws until it
             reaches its expected  level of revenues  sufficient to maintain its
             capital  requirements  and the  remaining  98% (which is contingent
             upon obtaining  approval from the New York Banking  Department) for
             nominal  consideration.  As of September 30, 2000,  United has a 2%
             interest in the LLC and has  invested an  aggregate  of  $2,371,032
             into the LLC based on the above agreement.

NOTE 4 -     LOAN PAYABLE

             During March 1998,  an outside  third party loaned  United  $50,000
             bearing interest at 12% per annum. The loan is due on demand and no
             formal terms have been  established.  As of September 30, 2000, the
             loan  remains  unpaid.  Accrued  interest  on the loan  amounted to
             $16,200 as of September 30, 2000.



                                      F-7
<PAGE>

                 PREMIER MORTGAGE RESOURCES, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


NOTE 5 -    COMMITMENTS AND CONTINGENCIES

a)          Pending litigation

               i) During 1998, the Company's  previous  transfer agent issued an
               aggregate  of  approximately  677,000  shares of common  stock to
               certain  parties in return for marketing  and investor  relations
               services.   During  August  1999,  the  Company  filed  a  formal
               complaint  in the state of Florida  whereby the courts  granted a
               temporary   restraining  order  against  the  individuals  and/or
               entities  which  received  such stock to  prohibit  the  transfer
               thereof.  The  Company  contends  that such  shares held by these
               individuals   and/or  entities  were  wrongfully  issued.  As  of
               September 30, 2000 such shares are not included as outstanding in
               the Company's financial statements. Although the Company has made
               a  contingency  loss  accrual of  $69,000  which is  included  in
               accrued  expenses,  it expects  to settle  such  litigation  more
               favorably.

               ii) The LLC,   which the Company  currently owns 2%, is presently
               seeking  recovery in the amount of  approximately  $757,000  plus
               daily  interest  and other costs from a law firm for which it had
               retained to perform closings of mortgages on its behalf.  The LLC
               has  retained  legal  counsel to  represent  it in various  legal
               remedies for the purpose of obtaining  recovery of these  monies.
               In the opinion of management,  the LLC has not yet determined the
               probability of the recovery of the monies,  and  accordingly,  no
               provision  for  the  potential  loss  has  been  recorded  in the
               financial statements of LLC or the Company.

 b)         Investment in affiliate at cost

            The Company is  committed to funding the LLC in order for the LLC to
            remain in compliance  with various state banking  requirements as to
            its net  capital  requirements  until such time that it reaches  its
            expected  revenue  level  thereby  becoming  self  funding.   As  of
            September 30, 2000, the Company has invested $2,371,032 in the LLC.

NOTE 6   -  STOCKHOLDER'S EQUITY

            Issuance of common stock for services

            During the nine months ended  September 30, 2000, the Company issued
            an aggregate  of 3,500  shares of its common stock as  consideration
            for professional fees.

NOTE 7 -    REDEEMABLE CONVERTIBLE PREFERRED STOCK

a)          The 1999 Convertible Preferred Stock
            ------------------------------------

            On December  27, 1999,  the Company sold 38,000  shares of preferred
            stock to an  investor  at $10 per share or  $380,000.  The holder of
            such  preferred  stock shall be entitled to receive a dividend of 8%
            or $.80 per share per annum.



                                      F-8
<PAGE>

                 PREMIER MORTGAGE RESOURCES, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


 NOTE 7 -   REDEEMABLE CONVERTIBLE PREFERRED STOCK (cont'd)

a)          The 1999 Convertible Preferred Stock (cont'd)
            ---------------------------------------------

           The dividend shall be paid, whether or not declared,  out of funds of
           the Company  whether or not the Company has any earnings and profits.
           No dividend shall be paid on the Company's  common stock or any other
           series of  preferred  stock until such  dividend  on these  preferred
           shares have been paid in full.  Commencing  March 1, 2000, the holder
           can have the shares redeemed at $10 per share within 10 business days
           following receipt of notice to the Company.

           At any time after December 31, 2001, the Company,  at its option, may
           redeem the whole of, or from time to time any part of, the  preferred
           stock by paying  $14.70 per share in cash in  addition to all accrued
           and unpaid dividends.

           Lastly,  such  preferred  shares shall be convertible to common stock
           after  December  31, 1999 at the option of the holder at the lower of
           $.50 per common  share or the  average  of the bid and asked  closing
           prices for 20  consecutive  trading  days  ending on the day prior to
           conversion. Accrued and accumulated dividends shall be convertible in
           the same manner.

b)         The 2000 Convertible Preferred Stock
           ------------------------------------

           During  the  quarter  ended  March  31,  2000,  the  Company  sold an
           aggregate of 47,000  shares of preferred  stock to an investor at $10
           per share or $470,000.  The holder of such  preferred  stock shall be
           entitled to receive a dividend of 8% or $.80 per share per annum. The
           dividend shall be paid, whether or not declared,  out of funds of the
           Company  whether or not the Company has any earnings and profits.  No
           dividend  shall be paid on the  Company's  common  stock or any other
           series of  preferred  stock until such  dividend  on these  preferred
           shares have been paid in full.  Commencing March 31, 2001, the holder
           can have the shares redeemed at $10 per share within 10 business days
           following  receipt  of  notice  to the  Company.  At any  time  after
           December 31, 2001, the Company,  at its option,  may redeem the whole
           of, or from time to time any part of, the  preferred  stock by paying
           $14.70  per  share in cash in  addition  to all  accrued  and  unpaid
           dividends.

           Lastly,  such  preferred  shares shall be convertible to common stock
           after  December  31, 2000 at the option of the holder at the lower of
           $.33 per common  share or the  average  of the bid and asked  closing
           prices for 20  consecutive  trading  days  ending on the day prior to
           conversion. Accrued and accumulated dividends shall be convertible in
           the same manner.

           In connection with the Company's 1999 and 2000 convertible preferred
           stock  issuance,  as of  September  30,  2000,  the Company  accrued
           $38,953  in  dividends  pursuant  to the  terms  of the  convertible
           preferred  stock  agreements  which  have been  included  in accrued
           expenses.


                                      F-9

<PAGE>

                 PREMIER MORTGAGE RESOURCES, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE 8 -   RELATED PARTY TRANSACTIONS

   a)      Exclusive Telemarketing Agreement

           On August 12, 1998,  United  entered into an Exclusive  Telemarketing
           Agreement ("Telemarketing  Agreement") with the LLC whereby United is
           the exclusive  telemarketing  agent for the LLC until it acquires the
           remaining  interest  in the  LLC.  As  consideration  for  performing
           telemarketing services for the LLC, the LLC will pay United an hourly
           rate for its  telemarketing  services.  For the  three  months  ended
           September 30, 2000 and 1999,  United generated  telemarketing  income
           amounting to $ -0- and $36,000,  respectively  and $ -0- and $132,240
           for the nine months ended September 30, 2000 and 1999,  respectively.
           The Company discontinued such services effective July 1, 2000.

   b)      Exclusive Loan Processing Agreement

           On August 12, 1998,  United entered into an Exclusive Loan Processing
           Agreement ("Processing Agreement") with the LLC whereby United is the
           exclusive  processing  service  for the LLC  until  it  acquires  the
           remaining  interest  in the  LLC.  As  consideration  for  performing
           processing services for the LLC, the LLC will pay United a processing
           fee for each loan processed. For the three months ended September 30,
           2000 and 1999,  United generated loan processing fee income amounting
           to $-0- and $9,000, respectively, and $18,000and $64,800 for the nine
           months ended September 30, 2000 and 1999,  respectively.  The Company
           discontinued such services effective July 1, 2000.

   c)      Occupancy and Support Expenses

           For the three months ended  September 30, 2000 and 1999,  pursuant to
           the Telemarketing and Processing Agreement,  United incurred expenses
           of $-0- and $78,858,  respectively  which it pays to the LLC for rent
           and other support  services in connection  with the space utilized in
           performing telemarketing and processing services. For the nine months
           ended September 30, 2000 and 1999 those costs amounted to $77,750 and
           $232,716,   respectively.  The  Company  discontinued  such  services
           effective July 1, 2000.

   d)      Due to related parties

           The amount due to related  parties as of September 30, 2000 amounting
           to $216,355  represents  funds owed to the LLC in connection with the
           agreements and arrangements discussed in Note 8(a), through 8(c).


                                      F-10

<PAGE>

                 PREMIER MORTGAGE RESOURCES, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)



NOTE 9 -    PRO FORMA BALANCE SHEET

            The following pro forma balance sheet presents in a condensed format
            as of September 30, 2000, as if the acquisition of the LLC by United
            was consummated and considered in effect at January 1, 2000:

                                                       Pro forma
                                                   balance sheet at
                                                   September 30, 2000
                                                  -----------------------
           Total assets                           $             1,861,227
                                                  =======================
           Total liabilities                      $             2,036,420
                                                  =======================
           Redeemable preferred stock             $               850,000
                                                  =======================
           Total stockholders' deficiency         $            (1,025,193)
                                                  =======================


        This pro forma  information  regarding the  Company's  balance sheet has
        been  presented  for  disclosure  purposes  and does not  purport  to be
        indicative of the Company's financial position which would have actually
        resulted had the acquisition of the LLC occurred as of January 1, 2000.

NOTE 10 -    SUBSEQUENT EVENTS

a)      Form S-8 Registration Statement

        On October 5, 2000, the Company filed a Form S-8 Registration  Statement
        in connection with a newly  established  Consultants  Compensation  Plan
        (the "Plan").  Pursuant to the Plan,  the Company  registered a total of
        500,000  shares of its common stock.  The Company issued 448,000 of such
        shares for the  settlement  of certain  accounts  payables  and  accrued
        expenses and a portion of the debts of the LLC which totaled $112,000.

b)      Sale of Common Stock

        Pursuant to a private transaction, during October 2000, the Company sold
        700,000  shares of its common  stock  yielding  net proceeds of $175,000
        whereby a substantial portion of the proceeds was invested in the LLC.


                                      F-11

<PAGE>

ITEM II    MANAGEMENT DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

The following  discussion and analysis  should be read in  conjunction  with the
financial  statements of Premier  Mortgage  Resources,  Inc. ("the Company") and
summary of selected  financial data for United National  Mortgage,  LLC ("UNM"),
the Company's 2% owned subsidiary, as shown below. This discussion should not be
construed to imply that the results  discussed herein will necessarily  continue
into the future,  or that any  conclusion  reached  herein will  necessarily  be
indicative of actual operating results in the future. Such discussion represents
only the best present assessment of the management of the Company.

Overview

The Company is organized  to act as a holding  company  responsible  for raising
funds for United National, Inc. ("UNI"), its wholly owned subsidiary and UNM. As
a holding  company,  the  Company,  through  its wholly  owned  subsidiary  UNI,
provides certain executive  management  functions to UNM, but has no significant
business  operations of its own. All business  operations  are conducted by UNM,
which  performs  all  line   functions.   We  provide  staff  functions  to  our
subsidiaries, such as overall management,  strategic direction, financing, legal
services,   accounting  and  related  services  including  cash  management  and
budgeting, marketing, and public relations/advertising.

We  provide  services  and  financing  to our  subsidiary,  UNI,  which in turn,
provides  marketing  and  processing  services to our other  currently  2% owned
subsidiary,  UNM.  The  function of UNM is to offer  mortgage  banking  business
operations.



Analysis of Premier Mortgage Resources, Inc.

The revenues of the Company were $0 for the third Quarter 2000,  and $45,000 for
third quarter 1999.  These revenues had been derived from the Company's  efforts
in providing telemarketing and loan processing services for UNM. The decrease in
2000  over 1999 is due to the  discontinuance  of the  UNM's  telemarketing  and
processing  division.  Telemarketing  was deemed to be unprofitable  and UNM has
since begun to emphasize mortgage origination activities toward UNM's retail and
wholesale mortgage banking division.

Total  expenses for the Company were $ 90,549 for third  quarter  2000.  For the
three months ending  September  1999,  total  expenses  were  $88,677.  Selling,
general and  administrative  expenses for related party for 2000  decreased over
1999  due  to  a  reduction  of  expenses   associated  with  the   discontinued
telemarketing  efforts.  However,  in the third  quarter  of 2000,  the  Company
recorded expenses of $90,549 related to legal,  accounting and advisory services
in connection  with capital  raising  efforts as well as legal costs  associated
with its claim involving shares that were issued without the Company's  approval
and in which it seeks to have those shares cancelled. Premier believes that many
of these costs are associated with one-time  non-recurring public start-up costs
associated with its capital  raising efforts and successful  efforts to obtain a
stock exchange listing.

The Company  recorded a net loss of $185,658 for the nine months ended September
30,  2000 vs. a net loss of $87,100  for the nine months  ending  September  30,
1999.  The  net  loss  increased  due  to  non-recurring  costs  assocated  with
discontinued operations and costs incurred with capital raising efforts.

In the first and second quarter 2000, through issuance of convertible  preferred
stock,  the Company raised $470,000 in capital.  During 1999, the Company raised
$380,000 in capital through the issuance of convertible preferred stock.

We  believe  that our  marketing  plan will have a  positive  impact on  capital
resources and liquidity.  As such, our reliance on capital contributions to fund
operating losses should  dissipate in favor of positive cash flow,  self-funding
operations.  While there is no guarantee  that these  marketing  plans,  revenue
enhancement goals and acquisition strategies will be successful, we believe that
we have identified specific  short-term  objectives that should impact cash flow
on a positive basis and restore profitability.

Analysis of United National, Inc.

Our first tier  subsidiary,  United  National,  Inc. ("UNI") derived revenues by
billing UNM at a  contractually  agreed upon rate for mortgage loan  processing.
Its  expenses   include  the  payroll  cost,   leased  space,  and  general  and
administrative  costs of mortgage  personnel engaged in these activities.  These
contractual  services have been  discontinued due to UNM's decision to close its
telemarketing  division  in  favor  of  expanding  its  traditional  retail  and
wholesale mortgage banking activities.

The  transactions  between  UNI  and  UNM  are of an  inter-company  nature  and
therefore do not form the basis for a more complete  understanding of the nature
of the core mortgage banking activities of UNM. The results of UNM are currently
not combined into our results. Upon approval of the change in control by the New
York State Banking  Department,  as discussed  elsewhere in this  document,  the
remaining 98% of UNM will be transferred to United National,  Inc. At that time,
our results of  operations  will  include the results of  operations  of UNM and
thereby give the reader a more complete understanding of UNM's core business.



                                       15

<PAGE>

Analysis of United National Mortgage, LLC ("UNM")

Reorganization efforts:
In the  fourth  quarter of 1999 UNM  entered  into a  management  reorganization
involving the  appointment of Joseph A. Cilento,  CPA, CMB, as new President and
Chief  Executive  Officer.  The  plan  included  the  closing  of  marginal  and
unprofitable branch offices,  involuntary headcount reductions and significantly
curtailed discretionary  expenditures.  UNM focused on recruitment and retention
of qualified,  commission  based loan officers.  UNM believes that these efforts
have  produced  increased  sales and  origination  activity,  reduced  overhead,
improved  gross pricing  margins,  and enabled more  efficient  operations.  The
pipeline of mortgage  loans in process has increased  since December 1999 and is
expected to generate increased cash flow for operations in fiscal year 2000.

As discussed  elsewhere in this  document,  our  operations  and  potential  for
success are largely based upon the outcome of  operations  for the core mortgage
banking business of UNM.


UNM is engaged in the  business of mortgage  banking and is focused on expanding
its  origination of residential  mortgage  loans.  UNM is in the residential and
wholesale  mortgage  banking  business.  Its  primary  focus is the  retail  and
wholesale  origination  and  sale  of  mortgage  loans  for  one-to-four  family
properties.  UNM is an approved loan  correspondent  with several major national
lenders  such  as  Countrywide  Credit,  Provident  Bank,  Interfirst,  IndyMac,
Alliance Mortgage,  and other national prime and sub prime mortgage lenders. UNM
originates loans and closes them in UNM's name using funds from a warehouse line
of credit.  UNM does not close loans unless one of our mortgage  purchasers  has
given UNM an approval  for the loan and has agreed to purchase  the loan.  After
the  closing  of the  loan,  a  package  of  documents  is sent to the  mortgage
purchaser,  the investor  reviews the documents and purchases the loan by wiring
the funds to our warehouse bank. The difference between the amounts we close the
loan for and the amount the investor pays the warehouse line constitutes part of
the profit on that particular transaction.

UNM's strategy is to expand its retail and wholesale loan origination  business.
Increased loan origination will expand its revenue base. UNM intends to continue
to sell loans  after  closing to  permanent  investors  and does not foresee our
maintenance of the mortgage's servicing rights. Servicing is a process whereby a
mortgage  company  collects the  mortgage  payment and any escrows for taxes and
insurance from borrowers.  Companies that service loans make a small fee on each
transaction.  UNM does not plan to enter the servicing  business.  UNM sells its
right to collect the payments to the  permanent  investor to whom the loans have
been sold. As a result,  the company  realizes  immediate  cash from the sale of
these  mortgage-servicing  rights. By selling the servicing rights, UNM does not
retain the risk of the underlying mortgage being refinanced by the borrower thus
ending the income stream from servicing.

Management  of UNM believes  that its business  plan of combining  expanded loan
origination along with the Company's continuing objective of improving operating
efficiencies  will place it in a strong  competitive  position  in the  mortgage
industry.

UNM sells the mortgage  loans it originates  as well as their related  servicing
rights to  institutional  buyers.  There are no plans, at present,  to hold onto
loans for investment purposes.  UNM is dependent on the sale of these loans into
the secondary market in order to generate cash to support operations.

UNM's  primary  focus is to expand the network of regional  sales  offices  that
employ  commission  based loan  officers.  These loan officers will solicit loan
applications  by  calling  on  established  referral  sources.  The  cost of the
regional  sales  offices  will be borne by UNM.  UNM  attracts  successful  loan
officers into the Company in key markets  through this retail  branch  strategy.
All branches  operate under the United National  Mortgage  corporate name. UNM's
corporate  office provides  marketing,  technology and business systems to UNM's
sales Office.  UNM believes this will enable UNM to rapidly grow into a mortgage
institution  national  in  scope  by  attracting  the  best  available  mortgage
personnel.
During February 2000, UNM opened a new retail mortgage sales office in Westport,
CT.

UNM also solicits  mortgage loans through a wholesale  mortgage strategy whereby
the loans are originated through wholesale mortgage brokers and submitted to UNM
for prior  approval  and  funding.  In April  2000,  UNM opened a new  wholesale
mortgage sales branch in Schenectady, New York. This office originates primarily
FHA  mortgages  loan  transactions  that it  attracts  through  its  network  of
wholesale  mortgage  brokers.  During  March  2000,  UNM opened a new  wholesale
mortgage sales office in upstate NY.




                                       16

<PAGE>

The traditional loan origination channels that UNM currently employs include the
following current objectives:

     -    Open new retail and wholesale branch offices in selected markets

     -    Hire additional loan officers to solicit loans

     -    Increase consumer awareness through direct advertising and marketing

     -    Selectively    consider   and   pursue   strategic    alliances   with
          national-based   referral  sources  such  as  affinity  groups,  trade
          associations, etc.

     -    Strategic acquisitions of mortgage companies in the industry


     SELECTED FINANCIAL DATA

Selected Summary Financial Data of United National Mortgage, LLC

<TABLE>
<CAPTION>

                              THIRD QUARTER ENDED:                 NINE MONTHS ENDED:

                              9/30/00     9/30/99             9/30/00       9/30/99

Income Statement Data:
<S>                      <C>            <C>            <C>            <C>
Revenues                 $    498,852   $    131,950   $    841,797   $    652,039

Selling, General and
Admin. Expenses          $    643,703   $    423,358   $  1,510,448   $  1,245,347

(Loss) Before Income
    Taxes                $   (144,851)  $   (291,408)  $   (668,651)  $   (593,308)

Net Loss

Comprehensive LOSS       $   (144,851)  $   (291,408)  $   (668,651)  $   (593,308)

Balance Sheet Data:

Cash & Cash Equivalents  $     63,500   $    123,150

Mortgage Loans
    Held for Sale, Net   $    990,300   $    647,693

Total Assets             $  2,074,900   $  1,456,814

Warehouse line of
        Credit Payable   $    969,900   $    509,781

Other Liabilities        $    807,400   $    621,247

Total Stockholder
       Equity            $    297,600   $    325,786

Operating Data:

Total Mortgage
Originations             $ 13,662,000   $  3,000,000   $ 29,000,000   $ 12,000,000
</TABLE>


Analysis of Three months ended September 30,2000 vs. September 30,1999

Revenues from the sale of mortgages and other income for the third quarter ended
September  30,  2000  and  September  30,  1999  was  $  498,852  and  $131,950,
respectively,  representing an increase of 278%. These revenues are derived from
origination  fees,  discount points,  service released premium and ancillary fee
income from  residential  mortgage  transactions  as well as interest income and
rental income.  The increase in revenues is  attributable  to a higher volume of
closed  loan  transactions  over the prior  year  comparable  quarter as well as
higher average fee income per loan.


                                       17

<PAGE>

Operating  expense  including  warehouse line of credit  interest  expense was $
643,703 for the quarter ending  September 30, 2000, and $ 423358 for the quarter
ending  September 30, 1999.  Operating  expenses  primarily  include  commission
expense to sales  people,  payroll and related  payroll taxes as well as general
and administrative expenses.  Commission expense, a variable expense,  increased
over the comparable  quarter of the prior year due to higher closed loan volume.
Recurring  fixed  expenses  for  salaries,  rent and general and  administrative
expenses  decreased  due to UNM's cost  reductions  implemented  in 2000.  These
reductions  were  partially  offset  by  non-recurring   costs  associated  with
curtailed or closed operations due to the previously announced  restructuring of
UNM's business.

The net loss for the three  months ended  September  30,2000 was $ 144,851 vs. a
loss for the three months ended September 30, 1999 of $ 291,408. The decrease in
loss is due to the cumulative  effect of enhanced revenues and reduced recurring
expenses associated with the company's restructure of operations.


Analysis of Nine months ended September 30,2000 vs. September 30,1999

Revenues  from the sale of mortgages  and other income for the nine months ended
September  30,  2000  and  September  30,  1999  was $  841,797  and $  652,039,
respectively,  representing an increase of 29 %. These revenues are derived from
origination  fees;  discount points;  service released premium and ancillary fee
income from  residential  mortgage  transactions  as well as interest income and
rental income.  The increase in revenues is  attributable  to a higher volume of
closed  loan  transactions  over the prior  year  comparable  quarter as well as
higher average fee income per loan.

Operating  expenses  including  warehouse line of credit interest  expense was $
1,510,448 for the nine months ending September 30, 2000, and $ 1,245,347 for the
quarter  ending  September  30,  1999.   Operating  expenses  primarily  include
commission expense to sales people, payroll and related payroll taxes as well as
general and  administrative  expenses.  Commission  expense, a variable expense,
increased  over the  comparable  quarter of the prior year due to higher  closed
loan volume.  Recurring  fixed  expenses  for  salaries,  rent,  and general and
administrative  expenses  decreased due to UNM's cost reductions  implemented in
2000. These  reductions were partially offset by non-recurring  costs associated
with  curtailed  or  closed   operations   due  to  the   previously   announced
restructuring of UNM's business.

The net loss for the nine  months  ended  September  30,2000 was $ 668,651 vs. a
loss for the nine months ended September 30, 1999 of $ 593,308.  The increase in
loss  is due  to the  costs  associated  with  the  company's  restructuring  of
operations  partially offset by cumulative positive effects of enhanced revenues
and reduced recurring expenses associated with the company's ongoing streamlined
operations.

We have not generated any profits since inception.  This is due to non-recurring
start up costs,  limited  operating  history as well as  certain  reorganization
costs  associated with  discontinued  branch offices,  headcount  reductions and
other  expenses in the fourth quarter of 1999 designed to restore the Company to
profitability.  Revenues from mortgage closings do not cover operating  expenses
due to an insufficient  number of mortgage closings to cover operating costs and
start up costs. There can be no guarantee that expected revenues for fiscal year
2000 will increase  enough to cover operating costs or that the Company will add
enough closing volume to reach profitability.

Capital Resources and Liquidity

On October 5,2000,  the Company filed a Form S-8 registration in connection with
a newly established Consultants Compensation Plan (the "plan").  Pursuant to the
plan, the Company registered a grand total of 500,000 shares of its common stock
whereby it issued  448,000 of such shares for the settlement of a portion of its
accounts  payable and accrued  expenses of the Company and UNM for an  aggregate
total of $ 112,000.

Pursuant  to a separate  private  placement  transaction  in October  2000,  the
Company sold 700,000 shares for net proceeds of $ 175,000 which was invested and
transferred to UNM for the purpose of settlement of accounts payable and accrued
expenses and general purposes.

We have been highly  dependent on capital raised through stock investors to fund
operations.  On September 30, 2000, UNM had $ 63,500 cash on hand,  which is not
expected to be  sufficient to cover net  operating  expenses  through the fourth
quarter of 2000.  UNM did receive a cash  infusion of $175,000  from the private
placement  described above and $112,000 from the Consultants  Compensation Plan,
described  above,  which was used to reduce the company's  accrued  expenses and
payables. This has enabled the company to reduce its reliance on outside capital
contributions to fund operations.  Further, UNM is entirely reliant on warehouse
lines of credit to fund  mortgage  loans.  Currently,  there are open  warehouse
lines of credit in the amount of  $5,000,000  available.  The  company is not in
default  of any loan  covenants  regarding  these  warehouse  lines  of  credit.
However,  there can be no guarantee  that  warehouse  lenders will  continue the
lines of credit  if  losses  were to  continue  or net  worth was to fall  below
required levels.


                                       18

<PAGE>


It is expected that cash generated from operations  during the fourth quarter of
2000  will  increase  significantly.  This  is due to a  higher  volume  of loan
applications taken during the third quarter,  which are expected to close in the
fourth quarter 2000.  Cash  generated from  operations is expected to reduce the
Company's  reliance on capital  raised  through  stock  offerings as UNM becomes
self-sufficient.


                                    PART II

ITEM I  LEGAL PROCEEDINGS

Except as described  below we are not engaged in any pending legal  proceedings.
We are not aware of any legal proceedings  pending,  threatened or contemplated,
against any of our officers and directors,  respectively, in their capacities as
such.

On August  19,  1999,  the  Company  filed a suit  captioned  "Premier  Mortgage
Resources,  Inc. v. Corporate  Relations Group, Inc., Gulf Atlantic  Publishing,
Inc., James M. Hall, Robert D. Hall, Select Media,  Inc., Roberto Veitia, L. Van
Stillman and Olde Monmouth Stock Transfer Co., Inc." docketed to No.  C199-7019,
Division 35 in the Circuit Court of the Ninth Judicial Circuit in and for Orange
County, Florida.

As against Olde Monmouth Stock Transfer Co., Inc., the Company's stock transfer
agent,  the suit is  solely to  enjoin  the  transfer  of the  shares,  and Olde
Monmouth is a nominal defendant only. The Court has enjoined the transfer of the
shares and the Company has timely filed an injunction bond.

The case  involves  two separate  causes of action:  one cause of action for the
cancellation of shares issued without  authorization  and a second for return of
shares issued when contract services were not performed.

In the first cause of action, the Company's former attorney, L. Van Stillman, on
or about March 31, 1999,  authorized  and directed the  Company's  then transfer
agent to issue 583,334 (post-reverse split) free-trading shares of the Company's
Common  Stock  to the  other  defendants.  The  Company  claims  that it did not
authorize or direct the issuance of the shares.  The Company seeks to cancel the
583,334 shares. We believe that this case will be settled sometime in the fourth
quarter of 2000.

In the second  cause of action,  the Company  seeks the return of 94,000  shares
issued to Corporate  Relations  Group,  Inc.  (62,667  shares) and Gulf Atlantic
Publishing,  Inc.  (31,333  shares) issued to those companies for services which
the Company alleges were not performed.  It appears that the defendants  already
disposed of 10,333 shares, leaving a balance of 83,667 shares in dispute. We are
presently negotiating a settlement in this case as well.


ITEM 2     CHANGES IN SECURITIES

During the third quarter of 2000, there were no changes in securities.


ITEM 3     DEFAULTS UPON SENIOR SECURITIES

There have been no defaults upon senior securities.


ITEM 4     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matters were  submitted  to a vote of  shareholders  in the third  quarter of
2000.



                                       19

<PAGE>

ITEM 5     OTHER INFORMATION

Our  subsidiary  UNM, of which we own 2%, is presently  seeking  recovery in the
amount of approximately  $757,000 plus daily interest and other costs from a law
firm that UNM retained to perform closings on its behalf. UNM has retained legal
counsel to represent it in various  legal  remedies for the purpose of obtaining
recovery of these monies.

In the opinion of management,  UNM has not yet determined the probability of the
recovery of the monies, and accordingly, no provision for the potential loss has
been recorded in the financial statements of UNM or the Company.

On October 5, 2000,  the  Company  filed a Form S-8  Registration  Statement  in
connection with a newly established Consultants  Compensation Plan (the "Plan").
Pursuant to the Plan,  the Company  registered a total of 500,000  shares of its
common  stock.  The  Company  issued  448,000  shares  pursuant  to the  plan to
consultants for the purpose of settling  certain  accounts  payables and accrued
expenses  and a portion  of the debts of the LLC which  totaled  $112,000.  This
issuance as properly filed with the  Securities and Exchange  Commission on Form
S-8 in accordance with the Securities Act of 1933.

Also during  October 2000,  the Company sold 700,000  shares of its Common Stock
pursuant to a private  placement  yielding  net  proceeds of $175,000  whereby a
substantial  portion of the proceeds was invested in the LLC.  This issuance was
considered exempt by reason of Section 4(2) of the Securities Act.


ITEM 6     EXHIBITS AND REPORTS ON FORM 8K

           (a)    EXHIBIT INDEX

No.       Description of Exhibit
---       ----------------------

*3.1      Articles of Incorporation of Mortgage Resources, Inc., dated
          August 17, 1995

*3.2      Articles of Amendment, dated October 16, 1995

*3.3      Annual List, changing corporate name to Premier Mortgage Resources,
          Inc., dated August 20, 1997

*3.4      Certificate of Reinstatement, dated August 20, 1997

*3.5      Bylaws of Mortgage Resources, Inc.

*3.6      Articles of Incorporation of United National, Inc., dated
          November 21, 1997

*3.7      Articles of Organization of United National Mortgage, LLC, dated
          October 2, 1996

*3.8      Certificate Of Amendment to Articles of Organization of United
          National Mortgage, LLC, dated February 3, 1998

*3.9      Operating Agreement of United National Mortgage, LLC, dated
          July 1, 1996

*3.10     LLC Interest Acquisition Agreement

**3.11    Preferred Stock Designation, Series 1999

**3.12    Preferred Stock Designation, Series 2000

*10.1     Reorganization Agreement, dated July 2, 1998

*10.2     Agreement to Sell Stock, dated April 22, 1998

*10.3     Indemnification Agreement with Donald Wilen


                                       20

<PAGE>

*10.4     Indemnification Agreement with Joseph Cilento

*10.5     Sample Net Branch Agreement

*21.1     Subsidiaries of Registrant

*23.1     Consent of Auditors

 27       Financial Data Schedule


*  Previously filed with Form 10-SB
** Previously filed with Form 10-KSB



                                   SIGNATURES

     In accordance with  requirements of the Exchange Act, the registrant caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

                                 Premier Mortgage Resources, Inc.
                                 --------------------------------
                                 (Registrant)



Date November 7, 2000             /s/ Joseph Cilento
--------------------              -------------------------------
                                  Joseph Cilento, President, CEO