UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB
(Mark One)

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

For the quarterly period ended    March 31, 2003
                               ------------------------

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

For the transition period from ________________ to _______________

Commission File No.     33-55254-38

                             ULTRONICS, CORPORATION
        (Exact name of Small Business Issuer as specified in its charter)

         NEVADA                                       87-0485313
-------------------------------       ----------------------------------------
(State or other jurisdiction of        (I.R.S. Employer Identification Number)
incorporation or organization)


  4348 Butternut Road, Salt Lake City, Utah            84124
----------------------------------------------------------------
(Address of principal executive offices)            (Zip Code)


Issuer's telephone number, including area code     (801)  272-2432
                                               ---------------------

         Indicate by check mark whether the Issuer (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the Issuer
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. [X] Yes [ ] No

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

             Class                          Outstanding as of March 31, 2003
------------------------------------        ---------------------------------
$.001 PAR VALUE CLASS A COMMON STOCK                6,000,000 SHARES

                                        1

<PAGE>



                         PART 1 - FINANCIAL INFORMATION

Item 1.  Financial Statements.

BASIS OF REPRESENTATION

General
The accompanying unaudited financial statements have been prepared in accordance
with the instructions to Form 10-QSB and, therefore, do not include all
information and footnotes necessary for a complete presentation of financial
position, results of operations, cash flows and stockholders' equity in
conformity with generally accepted accounting principles. In the opinion of
management, all adjustments considered necessary for a fair presentation of the
results of operations and financial position have been included and all such
adjustments are of a normal recurring nature. Operating results for the quarter
ended March 31, 2003, are not necessarily indicative of the results that can be
expected for the year ending December 31, 2003.


                                        2

<PAGE>



                              ULTRONICS CORPORATION
                          (A Development Stage Company)
                                  BALANCE SHEET


<TABLE>
<CAPTION>
                                                                                  March 31,                December 31,
                                                                                    2003                       2002
                                                                                 (Unaudited)                 (Audited)
                                                                           ----------------------    ----------------------
ASSETS
   CURRENT ASSETS
<S>                                                                        <C>                       <C>
     Cash in bank                                                          $                9,849    $                2,050
                                                                           ----------------------    ----------------------
                                                   TOTAL CURRENT ASSETS                     9,849                     2,050
                                                                           ----------------------    ----------------------

                                                                           $                9,849    $                2,050
                                                                           ======================    ======================

LIABILITIES & EQUITY (DEFICIT)
   CURRENT LIABILITIES
     Accounts payable                                                      $                  340    $                  510
     Loan from shareholder                                                                 10,000                         0
                                                                           ----------------------    ----------------------

                                              TOTAL CURRENT LIABILITIES                    10,340                       510

   STOCKHOLDERS' EQUITY (DEFICIT)
     Common Stock $.001 par value:
       Authorized - 100,000,000 shares
       Issued and outstanding 6,000,000 shares                                              6,000                     6,000
     Additional paid-in capital                                                            20,000                    20,000
     Deficit accumulated during the development stage                                     (26,491)                  (24,460)
                                                                           ----------------------    ----------------------

                                   TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                      (491)                    1,540
                                                                           ----------------------    ----------------------

                                                                           $                9,849    $                2,050
                                                                           ======================    ======================

</TABLE>

                                        3

<PAGE>



                              ULTRONICS CORPORATION
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                                           3/14/90
                                                                     Three Months Ended                   (Date of
                                                                          March 31,                     inception) to
                                                                   2003               2002                 3/31/03
                                                            -----------------   -----------------  -----------------------
<S>                                                         <C>                 <C>                <C>
Net sales                                                   $               0   $               0  $                     0
Cost of sales                                                               0                   0                        0
                                                            -----------------   -----------------  -----------------------

                                              GROSS PROFIT                  0                   0                        0

General and administrative expenses                                     2,031               2,076                   26,491
                                                            -----------------   -----------------  -----------------------

                                                  NET LOSS  $          (2,031)  $          (2,076) $               (26,491)
                                                            =================   =================  =======================

Basic and diluted net income (loss) per
   weighted average share                                   $             .00   $             .00
                                                            =================   =================

Weighted average number of common shares
   used to compute net income (loss) per
   weighted average share                                           6,000,000           6,000,000
                                                            =================   =================
</TABLE>


                                        4

<PAGE>



                              ULTRONICS CORPORATION
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                                                                                      3/14/90
                                                                                                                     (Date of
                                                                              Three Months Ended March 31,         Inception) to
                                                                                2002               2001               3/31/02
                                                                         -----------------   -----------------  ------------------
OPERATING ACTIVITIES
<S>                                                                      <C>                 <C>                <C>
   Net (loss)                                                            $          (2,031)  $          (2,076) $          (26,491)
   Adjustments to reconcile net (loss) to cash used
     by operating activities:
       Increase (decrease) in accounts payable                                        (170)              1,391                 340
                                                                         ------------------  -----------------  ------------------
                                                          NET CASH USED
                                                BY OPERATING ACTIVITIES             (2,201)               (685)            (26,151)

INVESTING ACTIVITIES                                                                     0                   0                   0
                                                                         -----------------   -----------------  ------------------

                                               NET CASH PROVIDED (USED)
                                                BY INVESTING ACTIVITIES                  0                   0                   0

FINANCING ACTIVITIES
   Loan proceeds from shareholder                                                   10,000                   0              10,000
   Proceeds from sale of common stock                                                    0                   0              26,000
                                                                         -----------------   -----------------  ------------------

                                                   NET CASH PROVIDED BY
                                                   FINANCING ACTIVITIES             10,000                   0              36,000
                                                                         -----------------   -----------------  ------------------

                                            INCREASE (DECREASE) IN CASH
                                                   AND CASH EQUIVALENTS              7,799                (685)              9,849

Cash and cash equivalents at beginning of year                                       2,050               5,537                   0
                                                                         -----------------   -----------------  ------------------

                                              CASH AND CASH EQUIVALENTS
                                                       AT END OF PERIOD  $           9,849   $           4,852  $            9,849
                                                                         =================   =================  ==================
</TABLE>






                                        5

<PAGE>



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

The Company has had no operational history and has yet to engage in business of
any kind. Expenses of $2,031 during the quarter ended March 31, 2003 are related
to the costs of regulatory filings to maintain the Company's status as an SEC
reporting entity. These costs were borne by another entity prior to December,
1998. All risks inherent in new and inexperienced enterprises are inherent in
the Company's business. The Company has not made a formal study of the economic
potential of any business. At the present, the Company has not identified any
assets or business opportunities for acquisition.

The Company has limited liquidity and available capital resources, such as
credit lines, guarantees, etc. and should a merger or acquisition prove
unsuccessful, it is possible that the Company may be dissolved by the State of
Nevada for failing to file reports. Should management decide not to further
pursue its acquisition activities, management may abandon its activities and the
shares of the Company would become worthless.

Based on current economic and regulatory conditions, Management believes that it
is possible, if not probable, for a company like the Company, without many
assets or liabilities, to negotiate a merger or acquisition with a viable
private company. The opportunity arises principally because of the high legal
and accounting fees and the length of time associated with the registration
process of "going public". However, should any of these conditions change, it is
very possible that there would be little or no economic value for anyone taking
over control of the Company.

Item 3.       Controls and Procedures

     On March 24, 2003, management made an evaluation of the Company's
disclosure controls and procedures. In management's opinion, the disclose
controls and procedures are adequate because the systems of controls and
procedures are designed to assure, among other items, that 1) recorded
transactions are valid; 2) valid transactions are recorded; and 3) transactions
are recorded in the proper period in a timely manner to produce financial
statements which present fairly the financial condition, results of operations
and cash flows for the respective periods being presented. Moreover, the
evaluation did not reveal any significant deficiencies or material weaknesses in
our disclosure controls and procedures.

     There have been no significant changes in our internal controls or in other
factors that could significantly affect these controls since the last
evaluation.

                           PART II - OTHER INFORMATION

Item 6.           Exhibits and Reports

     (a) Exhibits
         Exhibit 99.1 CEO Certification
         Exhibit 99.2 CFO Certification

     (b) Reports on Form 8-K None.

                                                             SIGNATURES

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

                           ULTRONICS CORPORATION



Dated: May 15, 2003        By:  /s/ W. Reed Jensen
       -------------       --------------------------------------------
                           W. Reed Jensen, President and Director


                                        6

<PAGE>



Exhibit 99.1 CEO Certification

I, W.  Reed Jensen certify that:

     1.  I have reviewed this quarterly report on Form 10-QSB of Ultronics
         Corporation;

     2.  Based on my knowledge, this quarterly report does not contain any
         untrue statement of material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this quarterly report;

     3.  Based on my knowledge, the financial statements, and other financial
         information included in this quarterly report, fairly present in all
         material respects the financial condition, results of operations, and
         cash flows of the registrant as of, and for, the periods presented in
         this quarterly report;

     4.  The registrant's other certifying officers and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
         have:

         a.   Designed such disclosure controls and procedures to ensure that
              material information relating to the registrant particularly
              during the period in which this quarterly report is being
              prepared;

         b.   Evaluated the effectiveness of the registrant's disclosure
              controls and procedures as of a date within 90 days prior to the
              filing date of this quarterly report (see "Evaluation Date"); and

         c.   Presented in this quarterly report our conclusions about the
              effectiveness of the disclosure controls and procedures based on
              our evaluation as of the Evaluation Date;

     5.  The registrant's other certifying officers and I have disclosed, based
         on our most recent evaluation, to the registrant's auditors and
         registrant's board of directors

         a.   All significant deficiencies in the design or operation of
              internal controls which could adversely affect the registrant's
              ability to record, process, summarize and report financial data
              and have identified for the registrant's auditors any material
              weaknesses in internal controls; and

         b.   Any fraud, whether or not material, that involves management or
              other employees who have a significant role in the registrant's
              internal controls; and

     6.  The registrant's other certifying officers and I have indicated in this
         quarterly report whether or not there were significant changes in
         internal controls or in other factors that could significantly affect
         internal controls subsequent to the date of our most recent evaluation,
         including any corrective actions with regard to significant
         deficiencies and material weaknesses.


Date:  May 15, 2003
      --------------------------------------

/s/ W. Reed Jensen
W. Reed Jensen, President, CEO and Director

                                        7

<PAGE>


Exhibit 99.2 CFO Certification I, W. Reed Jensen certify that:

     1.  I have reviewed this quarterly report on Form 10-QSB of Ultronics
         Corporation;

     2.  Based on my knowledge, this quarterly report does not contain any
         untrue statement of material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this quarterly report;

     3.  Based on my knowledge, the financial statements, and other financial
         information included in this quarterly report, fairly present in all
         material respects the financial condition, results of operations, and
         cash flows of the registrant as of, and for, the periods presented in
         this quarterly report;

     4.  The registrant's other certifying officers and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
         have:

         a.   Designed such disclosure controls and procedures to ensure that
              material information relating to the registrant particularly
              during the period in which this quarterly report is being
              prepared;

         b.   Evaluated the effectiveness of the registrant's disclosure
              controls and procedures as of a date within 90 days prior to the
              filing date of this quarterly report (see "Evaluation Date"); and

         c.   Presented in this quarterly report our conclusions about the
              effectiveness of the disclosure controls and procedures based on
              our evaluation as of the Evaluation Date;

     5.  The registrant's other certifying officers and I have disclosed, based
         on our most recent evaluation, to the registrant's auditors and
         registrant's board of directors

         a.   All significant deficiencies in the design or operation of
              internal controls which could adversely affect the registrant's
              ability to record, process, summarize and report financial data
              and have identified for the registrant's auditors any material
              weaknesses in internal controls; and

         b.   Any fraud, whether or not material, that involves management or
              other employees who have a significant role in the registrant's
              internal controls; and

     6.  The registrant's other certifying officers and I have indicated in this
         quarterly report whether or not there were significant changes in
         internal controls or in other factors that could significantly affect
         internal controls subsequent to the date of our most recent evaluation,
         including any corrective actions with regard to significant
         deficiencies and material weaknesses.


Date:  May 15, 2003
      --------------------------------------

/s/ W. Reed Jensen
W. Reed Jensen, President, CEO and Director

                                        8