SECURITIES AND EXCHANGE COMMISSION
                       Washington, D.C.  20549

                             FORM 10-QSB
                              (Mark One)

[X]              QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                   OF THE SECURITIES EXCHANGE ACT OF 1934

                   For the quarterly period ended
                            September 30, 2000
or

[  ]            TRANSITION REPORT PURSUANT TO SECTION 13 OR
               15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
                   For the transition period from
                             to

                    Commission file number 0-28951

                   TECNOMATIC INTERNATIONAL CORPORATION
        (Exact name of registrant as specified in its charter)

                   INDEPENDENT ACQUISITION CORPORATION
                       (Former name of Registrant)

     Delaware                                        52-2201500
(State or other jurisdiction of                    (I.R.S. Employer
incorporation or organization)                     Identification No.)

                            923 15th Street, NW
                           Washington, DC 20005
      (Address of principal executive offices  (zip code))

                              202/628-2606
     (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) filed all reports
required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the last 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

Indicate the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date.


            Class                      Outstanding at September 30, 2000
Common Stock, par value $0.0001                5,000,000

                   PART I -- FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS

                   INDEPENDENT ACQUISITION CORPORATION
                    (A Development Stage Company)
                          Balance Sheet
                      As of September 30, 2000
                           (Unaudited)

                                ASSETS

        Cash                                                 $   500

        TOTAL ASSETS                                         $   500



                 LIABILITIES AND STOCKHOLDER'S EQUITY

        LIABILITIES                                         $      -

        STOCKHOLDER'S EQUITY

        Preferred Stock, $.0001 par value, 20,000,000 shares
        authorized, none issued and outstanding                    -

        Common Stock, $.0001 par value, 100,000,000 shares
        authorized, 5,000,000 issued and outstanding              500

        Additional paid-in capital                              1,330

        Deficit accumulated during development stage           (1,330)

        Total Stockholder's Equity                                 500

TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY                  $      500



            See accompanying notes to financial statements


                   INDEPENDENT ACQUISITION CORPORATION
                    (A Development Stage Company)
                       Statement of Operations
                             (Unaudited)

                                  January 1, 2000 to     March 24, 1999
                                                          (Inception)
                                  September 30, 2000     September 30, 2000

        Income                      $  --                     $   -

        Expenses
          Organization expense          -                         580
          Professional fees             -                         750

         Total expenses                 -                       1,300

        NET LOSS                     $       -                $(1,330)


See accompanying notes to financial statements


                  INDEPENDENT ACQUISITION CORPORATION
                    (A Development Stage Company)
             Statement of Changes in Stockholder's Equity
            For the Period From March 24, 1999 (Inception)
                        To September 30, 2000
                             (Unaudited)
                                                         Deficit
                                                         Accumulated
                      Common Stock          Additional   During
                          Issued            Paid-In      Development
                    Shares        Amount    Capital      Stage         Total

Common Stock
     Issuance       5,000,000     $  500    $    -       $   -        $  500

Fair value of
expenses contributed   -             -         1,330            -      1,330

Net loss for the periods ended:

December 31, 1999      -             -           -         (1,330)    (1,330)
Sept 30, 2000          -             -           -            -           -

BALANCE AT
Sept. 30, 2000      5,000,000      $  500    $1,300      $ (1,330)     $  500


See accompanying notes to financial statements


                  INDEPENDENT ACQUISITION CORPORATION
                    (A Development Stage Company)
                       Statements of Cash Flows
                              Unaudited

                                January 1, 2000 to           March 24, 1999
                               September 30, 2000           (Inception) to
                                                           September 30, 2000

CASH FLOWS FROM OPERATING
 ACTIVITIES:

Net loss                         $      -                $       (1,330)
 Adjustment to reconcile net
 loss to net cash
 used by operating activities

 Capitalized expenses                    -                        1,330

 Net cash used in operating
  activities                             -                        -

CASH FLOWS FROM INVESTING
 ACTIVITIES                              -                        -

CASH FLOWS FROM FINANCING
 ACTIVITIES:

Proceeds from issuance of
 common stock                            -                       500

Net cash provided by
 financing activities                    -                       500

INCREASE IN CASH AND CASH
 EQUIVALENTS                             -                       500

CASH AND CASH EQUIVALENTS
 BEGINNING OF PERIOD                     500                      -

CASH AND CASH EQUIVALENTS
  END OF PERIOD                   $      500                 $   500


See accompanying notes to financial statement.


  NOTE 1  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  A.  Organization and Business Operations

  Independent Acquisition Corporation (a development stage
  company) ("the Company") was incorporated in Delaware on March
  24, 1999 to serve as a vehicle to effect a merger, exchange of
  capital stock, asset acquisition or other business combination
  with a domestic or foreign private business.  At September 30,
  2000 the Company had not yet commenced any formal business
  operations.  The Company's fiscal year end is December 31.

  The Company's ability to commence operations is contingent upon
  its ability to identify a prospective target business.

  B.  Use of Estimates

  The preparation of the financial statements requires management
  to make estimates and assumptions that affect the reported
  amounts of assets and liabilities and disclosure of contingent
  assets and liabilities at the date of the financial statements
  and the reported amounts of revenues and expenses during the
  reporting period. Actual results could differ from those estimates.

  C.  Cash and Cash Equivalents

  For purposes of the statement of cash flows, the Company
  considers all highly liquid investments purchased with an
  original maturity of three months or less to be cash equivalents.

  D.  Income Taxes

  The Company accounts for income taxes under the Financial
  Accounting Standards Board of Financial Accounting Standards No.
  109, "Accounting for Income Taxes" ("Statement 109"). Under
  Statement 109, deferred tax assets and liabilities are
  recognized for the future tax consequences attributable to
  differences between the financial statement carrying amounts of
  existing assets and liabilities and their respective tax basis.
  Deferred tax assets and liabilities are measured using enacted
  tax rates expected to apply to taxable income in the years in
  which those temporary differences are expected to be recovered
  or settled.  Under Statement 109, the effect on deferred tax
  assets and liabilities of a change in tax rates is recognized in
  income in the period that includes the enactment date. There
  were no current or deferred income tax expense or benefits due
  to the Company not having any material operations for the period
  ending September 30, 2000.

  NOTE 2     STOCKHOLDER'S EQUITY

          A.  Preferred Stock

  As of September 30, 2000, the Company is authorized to issue
  20,000,000 shares of preferred stock at $.0001 par value, with
  such designations, voting and other rights and preferences as
  may be determined from time to time by the Board of Directors.

          B.  Common Stock

  As of September 30, 2000, the Company was authorized to issue
  100,000,000 shares of common stock at $.0001 par value.  The
  Company issued 5,000,000 shares of its common stock to TPG
  Capital Corporation ("TPG") pursuant to Rule 506 for an
  aggregate consideration of $500.

          C.  Additional Paid-In Capital

   Additional paid-in capital at September 30, 2000 represented
  the fair value of the amount of organization and professional
  costs incurred by TPG on behalf of the Company. (See Note 3)

  NOTE 3  AGREEMENT

          On March 24, 1999, the Company signed an agreement with
  TPG, a related entity (See Note 4).  The  Agreement called for
  TPG to provide the following services, without reimbursement
  from the Company, until the Company entered into a business
  combination as described in Note 1A:

          1.  Preparation and filing of required documents with
          the Securities and Exchange Commission.
                   2.  Location and review of potential target
                   companies.
                   3.  Payment of all corporate, organizational,
                   and other costs  incurred by the Company.

  NOTE 4  RELATED PARTIES

          Legal counsel to the Company is a firm owned by a former
  director of the Company who also owns a controlling interest in
  the outstanding stock of TPG. (See Note 3)

  NOTE 5 SUBSEQUENT EVENTS

          On November 3, 2000, the Company filed a certificate of
  amendment to its certificate of incorporation changing the
  corporate name to Tecnomatic International Corporation and
  increasing the authorized capitalization.  The Company entered
  into an agreement with PowerTek Holdings, SA, a water and power
  systems development company for the transfer of control of the
  Company by the redemption of 4,750,000 shares of the Company's
  5,000,000 outstanding shares of common stock and the issuance of
  an additional 59,900,000 shares to affiliates and others.

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

          The Company has registered its common stock on a Form
  10-SB registration statement filed pursuant to the Securities
  Exchange Act of 1934 (the "Exchange Act") and Rule 12(g)
  thereof.  The Company files with the Securities and Exchange
  Commission periodic and episodic reports under Rule 13(a) of the
  Exchange Act, including quarterly reports on Form 10-QSB and
  annual reports Form 10-KSB.

          The Company was formed to engage in a merger with or
  acquisition of an unidentified foreign or domestic private
  company which desires to become a reporting company whose
  securities have been registered under the Exchange Act.

          Subsequent to the time period covered by this report,
  the Company entered into an agreement with PowerTek Holdings,
  S.A. for the transfer of control of the Company through the
  redemption of 4,750,000 shares of its current outstanding stock
  and the issuance of an additional 59,900,000 new shares of common
  stock of the Company.

          In contemplation of effecting the transaction, on
  November 3, 2000, the Company filed a certificate of amendment
  with the State of Delaware to increase its authorized
  capitalization to an aggregate of 600,000,000 shares consisting
  of 500,000,000 shares of common stock and 100,000,000 shares of
  non-designated preferred stock and to change its name to
  Tecnomatic International Corporation.

          The Company will file with the Securities and Exchange
  Commission on Form 8-K a notice of the business combination.
  Persons reading this Form 10-QSB are advised to see if the
  Company has subsequently filed a Form 8-K.

          The Company does not intend to trade its securities in
  the secondary market until completion of a business combination.
   It is anticipated that following such occurrence the Company
  will take the steps required to cause its common stock to be
  admitted to quotation on the NASD OTC Bulletin Board or, if it
  then meets the financial and other requirements thereof, on the
  Nasdaq SmallCap Market, National Market System or regional or
  national exchange.

               PART II -- OTHER INFORMATION

          ITEM 1.  LEGAL PROCEEDINGS

          There are no legal proceedings against the Company and
  the Company is unaware of such proceedings contemplated against it.

          ITEM 2.  CHANGES IN SECURITIES

          On November 3, 2000,  the Company increased its
  authorized capitalization to 500,000,000 shares of common stock
  and 100,000,000 shares of non-designated preferred stock.

                  ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

                  Not applicable.

          ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY
  HOLDERS

                  Not applicable.

          ITEM 5.  OTHER INFORMATION

          ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

                  (a)     Exhibits

               --  Certificate of Incorporation filed as an
  exhibit to the Company's  registration statement on Form 10-SB
  filed on January 18, 2000 and is incorporated herein by reference.

               --  By-Laws filed as an exhibit to the Company's
  registration statement on Form 10-SB  filed on January 18, 2000
  which is incorporated herein by reference.

               --  Lock up agreement filed as an exhibit to the
  Company's registration statement on Form 10-SB filed on January
  18, 2000 which is incorporated herein by reference.

             --  Agreement with TPG Capital Corporation filed as
  an exhibit to the Company's registration statement on Form 10-SB
   filed on January 18, 2000 which is incorporated herein by
  reference.

               (b)     Reports on Form 8-K

               There were no reports on Form 8-K filed by the
  Company during the ended September 30, 2000.




                      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.


                                     TECNOMATIC INTERNATIONAL CORPORATION


                                     By: /s/  Jacques De Groote
                                                  President

          Dated: November 15, 2000