SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, DC 20549

                          FORM 10-QSB

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

       For the quarterly period ended SEPTEMBER 30, 2004

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

    For the transition period from            to


                 Commission file number 0-28887


                     TELCO-TECHNOLOGY, INC.
(Exact name of Small Business Issuer as Specified in its Charter)


Delaware                                                22-3328734
(State or Other Jurisdiction                      (I.R.S. Employer
of Incorporation or                                 Identification
Organization)                                              Number)

                       68 Skyview Terrace
                   Clifton, New Jersey 07013
            (Address of Principal Executive Offices)

                         (973) 523-0835
        (Issuer's Telephone Number, Including Area Code)


Check whether the Issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past
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  [     ]


State the number of shares outstanding of each of the Issuer's
classes of common equity, as of the latest practicable date:

         Common, $.001 par value per share: 28,974,944
              outstanding as of September 30, 2004



                PART I - FINANCIAL INFORMATION

                     TELCO-TECHNOLOGY, INC.


                 Index to Financial Information
                Period Ended September 30, 2004



Item
                                             Page

Item 1 -  Financial Statements:

Balance Sheet                                3

Statements of Expenses                       4

Statements of Cash Flows                     5

Notes to Financial Statements                6

Item 2 -  Management's Discussion and
          Analysis or Plan of Operation      8

Item 3 -  Controls and Procedures            9



                      Telco-Technology, Inc
                          BALANCE SHEET
                       September 30, 2004
                           (unaudited)




     ASSETS

 Cash                                                       $         26
                                                            ------------
      Total Assets                                          $         26
                                                            ============

     LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities
 Accounts payable                                           $     19,714
 Accrued expenses                                                 23,945
 Notes payable                                                    73,253
 Notes payable to shareholders                                    45,000
                                                            ------------
     Total Current Liabilities                                   161,912
                                                            ------------
      STOCKHOLDERS' DEFICIT

 Preferred stock, $.001 par, 20,000,000 shares
   authorized, none issued and outstanding                            -
 Common stock, $.001 par, 200,000,000 shares
   authorized, 28,974,944 shares issued and outstanding          28,975
 Paid in capital                                              4,398,266
 Retained deficit                                            (4,589,127)
                                                            ------------
         Total Stockholders' Deficit                          (161,8866)
                                                            ------------
      Total Liabilities & Stockholders' Deficit             $        26
                                                            ============







                     Telco-Technology, Inc.
                     STATEMENTS OF EXPENSES
  Three Months & Nine Months Ended September 30, 2004 and 2003
                           (unaudited)

<TABLE>
<CAPTION>


                             Three Months            Nine Months
                          Ended September 30,    Ended September 30,
                           2004         2003       2004       2003
                     -----------   -----------  ---------  ----------
<S>                  <C>           <C>          <C>        <C>


General & Administrative   $ 823     $ 148,309  $ 573,651  $  285,025
Interest expense           2,096         1,999      4,135       5,889
                     -----------   -----------   --------  ----------

NET INCOME (LOSS)     $   (2,919)  $  (150,308) $(577,786) $ (290,914)
                     ===========   ===========   ========= ===========


Basic and diluted income
 (loss) per share          $(.00)       $(.01)      $(.02)      ($.02)

Weighted average common
 shares outstanding   28,974,944   19,117,444  26,968,277  17,426,055



</TABLE>


                     Telco-Technology, Inc.
                    STATEMENTS OF CASH FLOWS
          Nine Months Ended September 30, 2004 and 2003
                            (unaudited)





                                            2004           2003
                                         --------       --------
CASH FLOWS FROM OPERATIONS
 Net loss                               $(577,786)   $ (290,914)
 Adjustments to reconcile net loss to net
   cash used in operating activities:
    Stock issued for services             557,900        180,995
   Changes in:
   Accrued expenses                         6,109         95,896
   Accounts payable                         7,385          6,852
                                         --------       --------
 NET CASH USED IN OPERATING ACTIVITIES     (6,392)        (7,171)
                                         --------       --------

CASH FLOWS FROM FINANCING ACTIVITIES
 Proceeds from notes payable
 to shareholder                            45,000              -
 Payments on notes payable                (40,000)             -
                                         --------       --------
 NET CASH PROVIDED BY
 FINANCING ACTIVITIES                       5,000              -
                                         --------       --------
NET CHANGE IN CASH                         (1,392)        (7,171)
CASH BEGINNING                              1,418         10,299
                                         --------       --------
CASH ENDING                              $     26       $  3,128
                                         ========       ========

Non-Cash Disclosures:
 Stock issued for accrued expenses and
   accounts payable                      $      -       $147,695



                     Telco-Technology, Inc.
                  NOTES TO FINANCIAL STATEMENTS
                           (unaudited)


NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of Telco-
Technology, Inc., a Delaware corporation ("Telco"), have been
prepared in accordance with accounting principles generally
accepted in the United States of America and the rules of the
Securities and Exchange Commission ("SEC"), and should be read in
conjunction with the audited financial statements and notes
thereto contained in Telco's latest Annual Report filed with the
SEC on Form 10-KSB.  In the opinion of management, all
adjustments, consisting of normal recurring adjustments,
necessary for a fair presentation of financial position and the
results of operations for the interim periods resented have been
reflected herein.  The results of operations for interim periods
are not necessarily indicative of the results to be expected for
the full year.  Notes to the financial statements which would
substantially duplicate the disclosure contained in the audited
financial statements for the most recent fiscal year, 2003, as
reported in Form 10-KSB, have been omitted.

NOTE 2 - COMMON STOCK

In January, 2004, Telco issued 1,000,000 shares of common stock
to Donalson Corporation valued at $180,000 payment of the $74,000
owed for the consulting agreement as of December 31, 2003 and
$106,000 for additional consulting services.

In January 2004, Telco issued 1,000,000 shares of common stock
valued at $180,000 for consulting services.

In April 2004, Teleco issued 2,020,000 shares of common stock
valued at $151,900 for services.

In May 2004, Telco issued 2,000,000 shares of common stock valued
at $120,000 for services

NOTE 3 -  LOANS FROM SHAREHOLDERS

In March 2004, Donald McKelvey loaned $20,000 to Telco for
payment of outstanding notes.  The note is due on demand, bears
8% interest and has no collateral.

In June 2004, Donald McKelvey loaned $5,000 to Telco for
operations.  The note is due on demand, bears 8% interest and has
no collateral.

In September 2004, Donald McKelvey loaned $20,000 to Telco for
payment of outstanding notes.  The notes are due on demand, bear
8% interest and have no collateral.

NOTE 4 - AGREEMENTS

On September 24, 2004, Telco entered into an agreement with
GreenSpace Capital, L.L.C., and Acutus Capital, L.L.C., to
acquire GreenWorks Corporation ("GreenWorks").

Pursuant to the terms of the Agreement, Telco will acquire 100%
of the outstanding capital stock of GreenWorks in exchange for
1,000,000 newly issued shares of Telco's Series A Convertible
Preferred Stock and a demand promissory note in the principal amount
of $200,000. The Preferred Stock shall vote with the common stock on
all matters.  Each share of Preferred Stock is convertible into 100
shares of common stock at any time after December 31, 2005.   The
number of votes which may be cast by a holder of shares of
Preferred Stock shall be equal to the number of shares of the
common stock into which the Preferred Stock could be converted
(an aggregate of 100,000,000 prior to any adjustment).

The closing of the acquisition of GreenWorks by Telco is subject
to certain conditions including the completion by GreenWorks,
through its wholly-owned subsidiary, Enviro-Sciences (of Delaware),
Inc. ("ESI"), of the acquisition of the business and certain  assets
from Enviro-Sciences, Inc., in exchange for the assumption of
certain liabilities of Enviro-Sciences, Inc. ESI will  become
Telco's primary operating division.







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

     The  following discussion should be read in conjunction with
the  Financial  Information and Notes thereto  included  in  this
report and is qualified in its entirety by the foregoing.

Forward-Looking Statements

      This report contains certain forward-looking statements and
information relating to the Company that are based on the beliefs
and  assumptions  made  by the Company's management  as  well  as
information currently available to the management.  When used  in
this document, the words "anticipate", "believe", "estimate", and
"expect"  and  similar  expressions,  are  intended  to  identify
forward-looking statements.  Such statements reflect the  current
views  of  the  Company  with respect to future  events  and  are
subject to certain risks, uncertainties and assumptions.   Should
one  or  more  of  these risks or uncertainties  materialize,  or
should underlying assumptions prove incorrect, actual results may
vary  materially  from  those described  herein  as  anticipated,
believed,  estimated or expected.  Certain  of  these  risks  and
uncertainties are discussed  under the caption "Uncertainties and
Risk Factors" in  Part I, Item 1 "Description of Business" of the
Company's  Annual  Report  on Form  10-KSB  for  the  year  ended
December  31,  2003. The Company does not intend to update  these
forward-looking statements.

Results of Operations

      The  Company  reported no revenue from operations  for  the
three and nine months ended September 30, 2004 and September  30,
2003.     The   Company  recognized  approximately   $1,000   and
$574,000,   respectively,  in  general   and   administrative
expenses  for the three and nine months ended September 30,  2004
compared  to  approximately $148,000 and $285,000,  respectively,
for  the  three  and nine months ended September 30,  2003.   The
changes  in  the amounts attributed to general and administrative
expenses  were  primarily  due  to the  recognition  of  expenses
resulting  from  the dollar value attributed to the  issuance  of
shares  for  services.   For  the three  and  nine  months  ended
September  30,  2004, the Company had a net loss of approximately
$3,000  and $578,000, respectively, compared to a net loss  of
approximately  $150,000 and $291,000,  respectively,  for  the
three and nine months ended September 30, 2003.

Liquidity and Capital Resources

      In  1999, Management decided that it would be in  the  best
interests  of the Company and its stockholders to seek additional
business   opportunities  and  sell  its   then   sole   business
operations. As a result of the sale of the such  operations which
occurred  in  June 1999, the Company has since  had  no  business
operations.  As such, the Company's principal business purpose at
this  time  is  to locate and consummate a merger or  acquisition
with a private entity.

      On  September  24,  2004,  the  Company  entered  into   an
agreement (the "Agreement") with GreenSpace Capital, L.L.C.,  and
Acutus   Capital,  L.L.C.,  to  acquire  GreenWorks   Corporation
("GreenWorks").  GreenWorks  is  a  privately  held  real  estate
development  company which has not engaged  in  any  business  to
date.   Its  business  model  is the  acquisition,  clean-up  and
development  of  environmentally  contaminated  properties  using
innovative and environmentally friendly technologies.

      Pursuant  to  the terms of the Agreement, the Company  will
acquire  100%  of the outstanding capital stock of GreenWorks  in
exchange  for  1,000,000  newly issued shares  of  the  Company's
Series A Convertible Preferred Stock (the "Preferred Stock")  and
a  demand  promissory note in the principal amount of   $200,000.
The  Preferred  Stock  shall vote with the common  stock  on  all
matters.   Each share of Preferred Stock is convertible into  100
shares of common stock at any time after December 31, 2005.   The
number  of  votes  which may be cast by a  holder  of  shares  of
Preferred  Stock shall be equal to the number of  shares  of  the
common  stock  into which the Preferred Stock could be  converted
(an aggregate of 100,000,000 prior to any adjustment).

     The closing of  the acquisition of GreenWorks by the Company
is  subject  to  certain conditions including the  completion  by
GreenWorks, through its  wholly-owned subsidiary, Enviro-Sciences
(of  Delaware), Inc. ("ESI"), of the  acquisition of the business
and  certain  assets from Enviro-Sciences, Inc., a privately held
engineering services company, in exchange for the assumption   of
certain liabilities of Enviro-Sciences, Inc. ESI will  become the
Company's  primary  operating division.    As  a  result  of  the
acquisition,  ESI  will have contracts to provide services  to  a
diverse base of clients, ranging from insurance companies and law
firms,  to  Fortune 500 companies, to  utilities, to  governments
and  municipalities. The Company's immediate-term  plans  are  to
expand  ESI's  operations as the Company seeks to  negotiate  and
acquire distressed, environmentally contaminated properties.

      At  the closing of the acquisition, Acutus Capital,  L.L.C.
and  Greenspace  Capital,  L.L.C. will also  purchase  14,067,876
shares  from  Donald  McKelvey,  the  Company's   Chairman,   and
Donalson  Capital  Corporation,  an  entity  controlled  by   Mr.
McKelvey.   The purchase price for those shares will be $200,000.
Acutus  and  Greenspace  will pay the  purchase  price  from  the
proceeds of the demand note that the Company intends to issue  in
partial payment for the GreenWorks shares.

      On  September  30, 2004, the Company had a working  capital
deficit  of  approximately $162,000 and stockholders' deficit  of
approximately $162,000.  At September 30, 2004, the  Company  had
less than $100 in cash, total assets of  less than $100 and total
liabilities of approximately $162,000.

     During 2002, the Company obtained loans from certain private
parties  in the aggregate amount of $110,000.  All of such  loans
bear  interest at 6.75% and mature in six months after  issuance.
In  March 2004, Donald R. McKelvey loaned $20,000 to the Company,
and in September 2004, loaned another $20,000 to the Company, the
proceeds of which were used to repay a portion of the outstanding
loans.   As of the date hereof, the Company is in default of  the
balance  of these loans.  In addition, in June 2004, Mr. McKelvey
loaned $5,000 to the Company for operations.  The loans from  Mr.
McKelvey are due on demand and bear interest at 8% per annum.

       As  a  result  of  the  Company's  recurring  losses  from
operations  and net capital deficiency, the Company's independent
auditor's  report,  dated  March 4,  2004,  for  the  year  ended
December 31, 2003, states that these conditions raise substantial
doubt about the Company's ability to continue as a going concern.
With the sale of the Company's then sole operations in June 1999,
the  Company has no current operations.  Since then, the  Company
has  been focusing on other business opportunities in its attempt
to  locate and consummate a merger or acquisition with a  private
entity.   Although the Company has signed an agreement to acquire
100% of the outstanding capital stock of GreenWorks, there can be
no assurance, however, that such transaction will be completed or
that  the  Company will be able to acquire any other business  or
business opportunity or that any business or business opportunity
the  Company acquires will prove successful or  will be  able  to
operate profitably.


Item 3.        Controls and Procedures.

     The  Company's  Principal Executive  Officer  and  Principal
Financial Officer has reviewed the Company's disclosure  controls
and  procedures  as  of  the end of the period  covered  by  this
report.   Based upon this review, such officer believes that  the
Company's  disclosure controls and procedures  are  effective  in
timely  alerting  him  to  material information  required  to  be
included  in this report. There have been no significant  changes
in internal control over financial reporting that occurred during
the  fiscal  quarter covered by this report that have  materially
affected,  or  are  reasonably likely to materially  affect,  the
Company's internal control over financial reporting.



                   PART II - OTHER INFORMATION


Item 1.   Legal Proceedings.

          None.

Item 2.   Changes in Securities.

          None.

Item 3.   Defaults Upon Senior Securities.

          During  2002,  the Company obtained loans from  certain
          private  parties in the aggregate amount  of  $110,000.
          All of such loans bear interest at 6.75% and mature  in
          six  months after issuance.  In March 2004,  Donald  R.
          McKelvey  loaned  $20,000  to  the  Company,   and   in
          September 2004, loaned another $20,000 to the  Company,
          the  proceeds of which were used to repay a portion  of
          the  outstanding  loans. As of  the  date  hereof,  the
          Company is in default of the balance of these loans.

Item  4.  Submission  of Matters to a  Vote  of  Security-Holders.

          None.

Item 5.   Other Information.

          None.

Item 6.   Exhibits and Reports on Form 8-K.

          (a)  Exhibits.

          31.1 Certification of Chief Executive Officer pursuant
     to Section 302 of the Sarbanes-Oxley Act
     of 2002 (Rules 13a-14 and 15d-14 of the Exchange Act)
          31.2 Certification of Principal Financial Officer
     pursuant to Section 302 of the Sarbanes-Oxley
     Act of 2002 (Rules 13a-14 and 15d-14 of the Exchange Act)
          32.1 Certification pursuant to Section 906 of the
     Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350)

           (b)  Reports on Form 8-K.

          Listed  below are reports on Form 8-K  filed
          during the fiscal quarter ended September 30, 2004.

          Form  8-K  (date of report: September 24, 2004);  Items
          reported - Items 1.01 and 9.01 (entry into agreement to
          acquire GreenWorks); no financial statements filed.



                   SIGNATURES

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


                                   TELCO-TECHNOLOGY, INC.
                                   (Registrant)



Dated: October 18, 2004       By: /s/ Donald R. McKelvey
                                  Donald R. McKelvey,
                                  Chairman of the Board and
                                  President




Dated: October 18, 2004       By: /s/ Donald R. McKelvey
                                  Donald R. McKelvey,
                                  Principal Financial Officer