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 fiscal year ended September 30, 1997.

     [ ] Transition report under Section 13 or 15(d) of the Securities  Exchange
Act of 1934 for the transition period from_____________ to_________________.


     Commission file number:  0-13409


                        Eurotronics Holdings Incorporated
                 (Name of Small Business Issuer in Its Charter)

            Utah                                          87-0550824
(State or Other Jurisdiction of                         (I.R.S. Employer
Incorporation or Organization)                         Identification No.)


                    P.O. Box 3131, Salt Lake City, Utah 84110
                    (Address of Principal Executive Offices)


                                  888-299-2995
                (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 XX No

     The number of shares  outstanding of the issuer's  common stock,  par value
$0.0001, as of November 13, 1997 was 170,000,000.



                                                                 Total Pages: 30
                                                        Exhibit Index on Page: 7
<PAGE>
                                TABLE OF CONTENTS


                                     PART I


ITEM 1.  FINANCIAL STATEMENTS ..............................................   3

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION .........   3

                                     PART II

ITEM 5.  OTHER INFORMATION .................................................   4

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K ..................................   4

              SIGNATURES....................................................   5

              INDEX TO EXHIBITS ............................................   6

<PAGE>
                                     PART I

ITEM 1.  FINANCIAL STATEMENTS


     Unless  otherwise  indicated,  the term  "Company"  refers  to  Eurotronics
Holdings  Incorporated and its current or former  subsidiaries and predecessors.
Consolidated,  unaudited interim financial  statements including a balance sheet
for the Company as of the fiscal quarter ended September 30, 1997 and statements
of operations and statements of cash flows for the interim period up to the date
of such balance sheet and the comparable period of the preceding fiscal year are
attached  hereto  as Pages  F-1  through  F-5 and  incorporated  herein  by this
reference.
<PAGE>

                                     PART I
ITEM 1.  FINANCIAL STATEMENTS

INDEX TO UNAUDITED CONDENSED FINANCIAL STATEMENTS                           PAGE

Balance Sheets ...........................................................   F-1

Statements of Operations .................................................   F-2

Statements of Stockholders' Deficit ......................................   F-3

Statements of Cash Flows .................................................   F-4

Notes to Financial Statements ............................................   F-5
<PAGE>
                        EUROTRONICS HOLDINGS INCORPORATED
                          (A Development Stage Company)
                     Formerly Hamilton Exploration Co., Inc.
                        Unaudited Condensed Balance Sheet
                               September 30, 1997


                                                                        ASSETS

Current Assets
   None ........................................................    $      --

Total Current Assets ...........................................           --

TOTAL ASSETS ...................................................    $      --
                                                                    ===========


                     LIABILITIES AND SHAREHOLDERS' DEFICIT

Current Liabilities
   Accrued expenses ............................................    $   198,762
                                                                    -----------

Total Current Liabilities ......................................        198,762

Shareholders' Deficit
   Common stock par value $.0001; 200,000,000
     shares authorized; 4,620,336  shares issued ...............            462
   Additional paid-in capital ..................................        986,714
   Deficit accumulated during development stage ................     (1,185,938)
                                                                    -----------

Total Shareholders' Deficit ....................................       (198,762)

TOTAL LIABILITIES AND
SHAREHOLDERS' DEFICIT ..........................................    $      --
                                                                    ===========


             See notes to unaudited condensed financial statements.


                                      F-1
<PAGE>
<TABLE>
<CAPTION>
                                                     EUROTRONICS HOLDINGS, INC.
                                                    (A Development Stage Company)
                                               Formerly Hamilton Exploration Co., Inc.
                                                      STATEMENTS OF OPERATIONS
                          For The Three Months Ended September 30, 1997 and September 30, 1996 (Unaudited)
                           For The Nine Months Ended September 30, 1997 and September 30, 1996 (Unaudited)
                       Period From Date of Inception (January 7, 1982) Through September 30, 1997 (Unaudited)





                                                                                                                           Inception
                                                                  Three           Three          Nine           Nine        Through
                                                                  Months          Months         Months         Months September 30,
                                                                   1997            1996          1997            1996       1997
Revenue:
<S>                                                         <C>            <C>            <C>            <C>            <C>      
     Debt settlement ....................................   $      --      $      --      $      --      $      --      $      --
     Interest Income ....................................          --             --             --             --           61,208
                                                                                                                        -----------
                                                                   --             --             --             --           61,208

Expenses:
     Investigation, evaluation and exploration of
         prospective mineral properties .................          --             --             --             --          424,416
     Loss on investment securities ......................          --             --             --             --           28,302
     General and administrative .........................        27,914            100        124,839          7,602        795,788
          Amortization and depreciation .................          --             --             --             --            1,000
     Interest expenses ..................................          --             --               67           --               67
                                                                 27,914            100        124,906          7,602      1,249,573
Income (Loss) before income taxes .......................       (27,914)          (100)      (124,906)        (7,602)    (1,188,365)
     Income taxes .......................................          --             --             --             --
                                                                                          -----------    -----------    -----------
                                                                                                                               (183)

Net loss before extraordinary item ......................       (27,914)   $      (100)   $  (124,906)   $    (7,602)   $(1,188,548)
Extraordinary item - debt settlement ....................          --             --             --            2,610


NET LOSS ................................................   $   (27,914)   $      (100)   $  (124,906)   $    (7,602)   $(1,185,938)


NET INCOME (LOSS) PER COMMON SHARE ......................   $     (0.01)   $      --      $     (0.02)   $      --
                                                            ===========    =======        ===========    =======  
Weighted average number of shares outstanding ...........     4,620,336      4,420,366      4,584,2140      4,420,366
                                                              =========      =========      ==========      =========
                                                            

                                       See notes to unaudited condensed financial statements.

                                                                F-2
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                     EUROTRONICS HOLDINGS, INC.
                                                    (A Development Stage Company)
                                               Formerly Hamilton Exploration Co., Inc.
                                            STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
                             Period From Date of Inception ( January 7, 1982) Through September 30, 1997

                                                                     Additional
                                                     Common Stock    Common Stock       Paid-In     Accumulated
                                                        Shares          Amount          Capital       Deficit

Issuance of common stock to incorporators
<S>          <C>                                      <C>               <C>            <C>                 
  for cash - 1992 ................................    15,000,000       $  1,500       $  28,500           --
Change in number of shares issued to
  incorporators and price per share - 1983 .......     2,142,857            214           (214)          --
Issuance of common stock for cash - 1983 .........    14,285,715          1,429         23,571           --
Public stock offering for cash, net of $111,627
  in underwriting expenses - 1984 ................    49,500,000          4,950        378,423           --
Sale of warrants .................................          --             --              100           --
Net loss for the period from date of inception
  (January 7, 1982) through December 31, 1994 ....          --             --             --         (442,883)
                                                     ----------    -----------     ----------     ------------

Balance December 31, 1994 ........................    80,928,572          8,093        430,380       (442,883)
                                                     -----------    -----------    -----------    ------------

Reverse stock split, 1 for 1.500 in 1995 .........   (80,874,160)        (8,088)         8,088           --
Issuance of shares for no determinable
 consideration - 1995 ............................        76,667              8             (8)          --
Issuance of shares for cash - 1995 ...............       904,722             90        108,160           --
Issuance of shares for services - 1995 ...........     1,459,921            146        145,846           --
Issuance of shares for assets - 1995 .............     1,698,114            170        169,641           --
Issuance of shares for debt - 1995 ...............       226,500             23         22,627           --
Results of operations year ended December 31, 1995          --             --             --         (318,514)
                                                   --------------    -----------    -----------    ------------

Balance December 31, 1995 ........................     4,420,336            442        884,734       (761,397)
                                                       ---------            ---        -------       ---------

Issuance of shares for costs of proposed merger ..       100,000             10         29,990           --
Results of operations year ended December 31, 1996          --             --             --         (299,635)
                                                       --------          --------      -------      ----------
Balance December 31, 1996 ........................     4,520,336            452        914,724     (1,061,032)
                                                       ---------            ---        -------     ---------- 


Issuance of shares for services - 1997 ..............    100,000            10        71,990          --
Results of operations nine months ended Sept 30, 1997          --            --            --        (124,906)

Balance September 30, 1997 ..........................     4,620,336   $       462   $   986,714   $(1,185,938)
                                                          =========   ===========   ===========   =========== 


                                       See notes to unaudited condensed financial statements.

                                                                F-3
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                     EUROTRONICS HOLDINGS, INC.
                                                    (A Development Stage Company)
                                               Formerly Hamilton Exploration Co., Inc.
                                                  UNAUDITED STATEMENT OF CASH FLOWS
                                     Nine Months Ended September 30, 1997 and September 30, 1996
                             Period From Date of Inception ( January 7, 1982) Through September 30, 1997

                                                                                      Inception
                                                        Nine              Nine         Through
                                                       Months           Months      September 30,
                                                        1997              1996          1997
                                                    ------------     ------------  ------------

CASH FLOWS FROM OPERATING ACTIVITIES:

<S>                                                   <C>           <C>           <C>         
  Net (Loss) ....................................     $ (124,906)   $   (7,602)   $(1,185,938)

  Adjustments to reconcile net (loss)
 to net cash used by operating activities:

      Increase (decrease) in accrued liabilities         52,982          1,584        340,272
      Services paid with common stock ...........        72,000           --          247,992
      Common stock issued for debt ..............          --             --           22,650
      Loss due to permanent decline in investment          --             --           28,302


Total Adjustments ...............................       122,982          1,584        639,216
                                                                                  -----------    -----------

  Net cash (used) by operating activities .......            76         (6,018)      (546,722)
                                                                   -----------    -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES:

  Capital contributions by incorporators ........          --             --           55,000
  Proceeds from public stock offering ...........          --             --          383,473
  Issuance of common stock for cash .............          --             --          108,249

  Net cash provided by financing activities .....          --             --          546,722
                                                     -----------    -----------    -----------
  Net increase (decrease) in cash ...............            76        (6,018)          --

  Cash, beginning ...............................           (76)         6,056           --

  Cash, ending ..................................   $      --      $        38    $      --
                                                     ===========    ===========    ==========


SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING
AND FINANCING ACTIVITIES:
      Issuance of common stock for services .....   $      --      $      --      $   247,992
                                                    ===========    ===========    ===========

      Issuance of common stock for debt .........   $      --      $      --      $    22,650
                                                     ===========    ===========    ===========

      Issuance of common stock for investments ..   $      --      $      --      $   169,812
                                                     ===========     ==========    ==========

      Investments exchanged for debt settlements    $      --      $      --      $   141,510
                                                     ===========    ===========   ==========


                                       See notes to unaudited condensed financial statements.


                                                                F-4
</TABLE>
<PAGE>
                           EUROTRONICS HOLDINGS, INC.
                          (A Development Stage Company)
                     Formerly Hamilton Exploration Co., Inc.
                     NOTES TO UNAUDITED FINANCIAL STATEMENTS
                               September 30, 1997


NOTE 1:  Basis of Presentation

The accompanying  unaudited condensed financial statements have been prepared by
management in accordance with the instructions in Form 10-QSB and therefore,  do
not  include all  information  and  footnotes  required  by  generally  accepted
accounting  principles and should  therefore,  be read in  conjunction  with the
Company's  Annual  Report to  Shareholders  on Form 10-KSB for fiscal year ended
December 31, 1996.

In  management's   opinion,  the  accompanying   unaudited  condensed  financial
statements  contain  all  adjustments,   consisting  only  of  normal  recurring
adjustments  necessary  for a fair  statement  of the  results  for the  interim
periods presented.  The interim operation results are not necessarily indicative
of the results for the fiscal year ending December 31, 1997.

NOTE 2:  Common Stock Transaction

On April 9, 1997,  the Company  issued  100,000  shares of the Company's  common
stock to a  consultant  for services  rendered.  The stock was valued at $72,000
based on the  average  of the bid and ask  prices  on the date of the  corporate
resolution authorizing issuance of the shares.

NOTE 3:  Additional footnotes included by reference

Except as  indicated  in the  footnotes  above there has been no other  material
change in the  information  disclosed in the notes to the  financial  statements
included in the Company Annual Report on Form 10-KSB for the year ended December
31, 1996. Therefore those footnotes are included herein by reference.

NOTE 4:       Subsequent Events

On October 30, 1997 the ownership of the Company  changed as the Company issued,
via its wholly owned subsidiary Saxx Capital of Utah, Inc., a Utah  corporation,
a total of 144,500,000 shares of common stock to Saxx Capital, Inc., an Ontario,
Canada Corporation  ("Saxx"),  in exchange for all of the issued and outstanding
equity of Saxx. On October 24, 1997, the Company issued 17,000,000 shares of its
common stock to three  employees and  consultants of the Company as compensation
for services rendered to the Company.  Canton Financial Services Corporation has
performed  ongoing  various  services for the Company for which the Company owed
CFSC  $189,894.  In exchange  for the full  discharge  of this debt and for CFSC
discharging all other outstanding liabilities of the Company, the Company issued
to CFSC 3,849,664 shares of its common stock on October 27, 1997.
<PAGE>

ITEM 2.       MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION



     The Company has not had revenues from  operations in either of the last two
fiscal years. Since the filing of the its last Form 10-QSB for the quarter ended
June 30, 1997,  the Company had been  searching for viable merger or acquisition
candidates. Pursuant to a Reorganization Agreement dated October 30, 1997, which
is attached hereto as Exhibit A and incorporated  herein by this reference,  the
Company acquired Saxx Capital, Inc., an Ontario, Canada corporation ("Saxx"), by
and through its wholly  owned  subsidiary  Saxx  Capital of Utah,  Inc.,  a Utah
corporation  ("Saxx of Utah").  Unless otherwise  indicated,  the term "Company"
hereinafter  refers  to  Eurotronics  Holdings,  Incorporated  and  its  current
subsidiary  Saxx of Utah.  As the Company  lacked any  significant  cash flow or
assets to attract  Saxx,  the Company  acquired Saxx by issuing it a quantity of
shares equal to 85% ownership of issued and  outstanding  shares of Common Stock
as  consideration  for 100  percent  of  Saxx's  outstanding  equity.  For  more
information on this merger, please see Item 5 below.

     The Company's pursuit of profit and active operations is now expected to be
conducted  through  Saxx.  To allow Saxx the utmost  flexibility,  the Company's
previous  directors  appointed  new officers and  directors  who will  represent
Saxx's  operations.  See Item 5 below for more  information on the change in the
Company's control.

     Saxx is involved  in various  stages of several  real estate  transactions,
involving  commercial and resort properties.  While it is a goal of Saxx and the
Company to consummate real estate transactions of this nature, no assurances can
be given that the Company or Saxx will ever be capable of consummating  any such
acquisitions.  The Company hopes that the  development  of this Saxx's  business
endeavors  will  generate  positive  cash  flows and  profits  for the  Company,
although no such assurances can be given.

     Many corporate  obligations  have  previously  been  satisfied  through the
issuance  of shares of its common  stock,  thus  allowing  the  Company to avoid
expending its severely limited cash flows. The Company hopes to discontinue this
payment practice, but no such assurances can be given that will be possible.

     The Company does not currently have any full or part time employees,  aside
from its officers and directors. The Company is substantially dependent upon the
services  of its  officers  and  directors,  who  have  no  formal  compensation
arrangements with the Company.
<PAGE>
                                     PART II


ITEM 5.  OTHER INFORMATION


Change in Control of Registrant & Acquisition of Assets
     Subsequent  to the quarter ended  September  30, 1997,  and pursuant to the
October  30, 1997  Reorganization  Agreement,  attached  hereto as Exhibit A and
incorporated  by  reference,  with Saxx Capital,  Inc., a corporation  organized
under the laws of Ontario,  Canada  ("Saxx"),  and the  Company's  wholly  owned
subsidiary,  Saxx  Capital of Utah,  Inc.,  a Utah  corporation  ("Saxx  Utah"),
shareholder and managerial control of the Company changed.  On October 30, 1997,
the Company's directors appointed Terrence M. Rodrigues,  Anne Moxon, and Norman
Isaak as new directors and the Company's new president, secretary and treasurer,
respectively.  Immediately  upon the  acceptance of these  appointments,  Melvin
Fields, Joe Betras and Gerald Curtis resigned from their respective positions as
president and director,  secretary and director, and director. 

     In consideration  for 100% of Saxx's equity being transferred to Saxx Utah,
the Company  issued  144,500,000  restricted  shares of Common Stock to Saxx via
Saxx Utah,  which  amount  equals 85% of the now issued and  outstanding  Common
Stock and which amount was determined by the Company's  board of directors to be
fair  consideration.  This  transaction  was  structured as a triangular  merger
whereby  Saxx Utah  merged  with and was  acquired  by Saxx,  resulting  in Saxx
becoming a wholly owned  subsidiary of the Company.  Saxx also paid a consulting
fee of $150,000 to Park Street Investments,  Inc., A-Z Professional Consultants,
Inc.,  and Melvin Fields (the Company's then president and one of its directors)
who introduced and negotiated the merger on behalf of the Company.  See Exhibits
B, C, D and E for the agreements describing and supporting these relationships.

     Saxx is involved  in various  stages of several  real estate  transactions,
involving  commercial and resort properties.  While it is a goal of Saxx and the
Company to consummate real estate transactions of this nature, no assurances can
be given that the Company or Saxx will ever be capable of consummating  any such
acquisitions.

     The  Company  knows of no  arrangement,  the  operation  of which  may at a
subsequent time result in a change of its control.

Reverse Stock Split
     On October 31, 1997, the Company's board of directors  unanimously approved
and  authorized  a 1-for-510  reverse  stock split of the  Company's  issued and
outstanding  Common Stock.  The effective date of such stock split if before the
opening of trading on November  17, 1997.  The reverse  split will not alter the
number of shares of the Company's common stock authorized for issuance;  it will
simply  reduce  the  number  of  shares  issued  and  outstanding.  The board of
directors believes that the total number of shares of the Company's Common Stock
outstanding  (170,000,000 shares as of November 13, 1997) is  disproportionately
large in relation  to the  Company's  level of sales,  net income and net worth.
Additionally, the Company's Common Stock has had a low market value per share in
recent months,  which in the opinion of the board of directors,  tends to reduce
shareholder interest in the Company.

Financial Statements
     The Company intends on submitting the financial statements required by Item
7 of Form 8-K relating to the Company's acquisition of Saxx on or before January
12, 1998, which date is 60 days after this disclosure was required to be filed.

Material Issuances of Common Stock
     In addition to the issuance of common stock to Saxx  described  above,  the
Company issued other material  quantities of its common stock  subsequent to the
quarter  ended  September  30,  1997.  On October 30, 1997,  the Company  issued
17,000,000  shares  of its  common  stock  pursuant  to a Form S-8  registration
statement filed with the Securities and Exchange Commission on October 30, 1997,
to three employees and  consultants of the Company as compensation  for services
rendered  to  the  Company.  See  Exhibits  B,  C,  D and E for  the  agreements
describing  and  supporting  these  relationships.   Canton  Financial  Services
Corporation,  a Nevada  corporation  ("CFSC"),  has  performed  ongoing  various
services for the Company for which the Company owed CFSC  $189,894.  In exchange
for the  full  discharge  of  this  debt  and for  CFSC  discharging  all  other
outstanding  liabilities  of the Company,  the Company  issued to CFSC 3,849,664
shares of its common  stock on  October  30,  1997.  The  services  of CFSC were
terminated by the Company upon the execution of the merger.
<PAGE>
ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K


(a)      Exhibits.  Exhibits  required to be attached by Item 601 of  Regulation
         S-B are  listed in the Index to  Exhibits  beginning  on page 7 of this
         Form 10-QSB, which is incorporated herein by reference.

(b)      Reports on Form 8-K.  The  Company did not file any reports on Form 8-K
         during the fiscal quarter ended  September 30, 1997.  Although  certain
         events have  transpired  since  September  30, 1997 which  required the
         filing of a Form 8-K,  such events have been  disclosed  herein  rather
         than a Form 8-K.
<PAGE>

                                   SIGNATURES

     In accordance  with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized, this 13th day of November 1997.


                        Eurotronics Holdings Incorporated


                       /s/ Anne Moxon, Secretary
                       Anne Moxon, Secretary
<PAGE>
                                INDEX TO EXHIBITS


EXHIBIT NO.         PAGE NO.      DESCRIPTION OF EXHIBIT

        2                8        October 30, 1997  Reorganization  Agreement by
                                  and among the Company, Saxx Capital,  Inc., an
                                  Ontario, Canada corporation, and the Company's
                                  wholly owned subsidiary, Saxx Capital of Utah,
                                  Inc., a Utah corporation.

      10(1)              13       October 30, 1997  Consulting  Agreement by and
                                  between    the   Company   and   Park   Street
                                  Investments, Inc.

      10(2)              18       October 30, 1997  Consulting  Agreement by and
                                  between the Company and Melvin Fields.

      10(3)              22       October 30, 1997  Consulting  Agreement by and
                                  between  the  Company  and  Canton   Financial
                                  Services Corporation.

      10(4)              27       Escrow  Agreement  of October  27, 1997 by and
                                  among the Company, Saxx Capital,  Inc., Melvin
                                  Fields, Park Street Investments,  Inc. and A-Z
                                  Professional Consultants, Inc.