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    June 30, 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 June 30, 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' (deficit) 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 six
months ended June 30, 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>
                                                                                  June 30,                 December 31,
                                                                                    2003                       2002
                                                                                 (Unaudited)                 (Audited)
                                                                           ----------------------    ----------------------
ASSETS
   CURRENT ASSETS
<S>                                                                        <C>                       <C>
     Cash in bank                                                          $                8,207    $                2,050
                                                                           ----------------------    ----------------------
                                                   TOTAL CURRENT ASSETS                     8,207                     2,050
                                                                           ----------------------    ----------------------

                                                                           $                8,207    $                2,050
                                                                           ======================    ======================

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

                                              TOTAL CURRENT LIABILITIES                    10,000                       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                                     (27,793)                  (24,460)
                                                                           ----------------------    ----------------------

                                   TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                    (1,793)                    1,540
                                                                           ----------------------    ----------------------

                                                                           $                8,207    $                2,050
                                                                           ======================    ======================
</TABLE>


                                        3

<PAGE>



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

<TABLE>
<CAPTION>
                                                                                                                      3/14/90
                                           Three Months Ended                       Six Months Ended                 (Date of
                                                June 30,                                June 30,                   inception) to
                                        2003                2002                2003               2002               6/30/03
                                 ------------------  ------------------  -----------------   -----------------  ------------------
<S>                              <C>                 <C>                 <C>                 <C>                <C>
Net sales                        $                0  $                0  $               0   $               0  $                0
Cost of sales                                     0                   0                  0                   0                   0
                                 ------------------  ------------------  -----------------   -----------------  ------------------

                GROSS PROFIT                      0                   0                  0                   0                   0

General and administrative
   expenses                                   1,302                 555              3,333               2,631              27,793
                                 ------------------  ------------------  -----------------   -----------------  ------------------

                    NET LOSS     $           (1,302) $             (555) $          (3,333)  $          (2,631) $          (27,793)
                                 ==================  ==================  =================   =================  ==================

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

Weighted average number of
   common shares used to
   compute net income
   (loss) per weighted
   average share                          6,000,000           6,000,000          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
                                           Three Months Ended                       Six Months Ended                 (Date of
                                                June 30,                                June 30,                   inception) to
                                        2003                2002                2003               2002               6/30/03
                                 ------------------  ------------------  -----------------   -----------------  ------------------
OPERATING ACTIVITIES
<S>                              <C>                 <C>                 <C>                 <C>                <C>
   Net (loss)                    $           (1,302) $             (555) $          (3,333)  $          (2,631) $          (27,793)
   Adjustments to reconcile net
     (loss) to cash used by
     operating activities:
       Accounts payable                        (340)             (1,391)              (510)                  0                   0
                                 ------------------  ------------------  -----------------   -----------------  ------------------
               NET CASH USED
                BY OPERATING
                  ACTIVITIES                 (1,642)             (1,946)            (3,843)             (2,631)            (27,793)

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

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

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

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

         INCREASE (DECREASE)
                 IN CASH AND
            CASH EQUIVALENTS                 (1,642)             (1,946)             6,157              (2,631)              8,207

Cash and cash equivalents
   at beginning of period                     9,849               4,852              2,050               5,537                   0
                                 ------------------  ------------------  -----------------   -----------------  ------------------

               CASH AND CASH
                 EQUIVALENTS
            AT END OF PERIOD     $            8,207  $            2,906  $           8,207   $           2,906  $            8,207
                                 ==================  ==================  =================   =================  ==================

</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 $1,302 during the quarter ended June 30, 2003
and $3,333 for the six months ended June 30, 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, 1997. 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. However, management feels that it
has sufficient cash on hand to meet its expenses in the coming year, assuming
the Company continues to operate in a similar manner to how it has operated over
the last several years.

         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

         As of the end of the period covered by the report, management made an
evaluation of the Company's disclosure controls and procedures. In management's
opinion, the disclosure 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 on Form 8-K

         (a)      Exhibits
                  Exhibit 31
                  Exhibit 32

         (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: August 5, 2003         /s/ W. Reed Jensen
                              --------------------------------------------
                              W. Reed Jensen, President and Director


                                        6

<PAGE>



                                 Certifications

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 statements of a 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.  I am responsible for establishing and maintaining disclosure controls
         and procedures (as defined in Exchange Act Rules 13a-15(e) and
         15d-15(e)) 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 and presented in this report our
              conclusions about the effectiveness of the disclosure controls and
              procedures, as of the end of the period covered by this report
              based on such evaluations; and

         c.   Disclosed in this report any changes in the registrant's internal
              control over financial reporting that occurred during the
              registrant's most recent fiscal quarter (the registrant's fourth
              fiscal quarter in the case of an annual report) that has
              materially affected, or is reasonably likely to materially affect,
              the registrant's internal control over financial reporting; and

     5.  I have disclosed, based on my most recent evaluation, to the
         registrant's auditors and registrant's board of directors (or persons
         performing the equivalent functions):

         a.   All significant deficiencies and material weaknesses in the design
              or operation of internal control over financial reporting which
              are reasonably likely to adversely affect the registrant's ability
              to record, process, summarize and report financial information;
              and

         b.   Any fraud, whether or not material, that involves management or
              other employees who have a significant role in the registrant's
              internal control over financial reporting.


Date: August 5, 2003
      --------------------------------------

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


                                        7

<PAGE>


                    CERTIFICATION OF CHIEF FINANCIAL OFFICER
                                   PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


I, W. Reed Jensen, certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes- Oxley Act of 2002, that the Quarterly
Report of Form 10QSB of Ultronics Corporation for the quarterly period ending
June 30, 2003 fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934 and that the information contained in the
Quarterly Report of Form 10QSB fairly presents in all material respects the
financial condition and results of operations of Ultronics Corporation.


                                       By:

Date: August 5, 2003                  /s/ W. Reed Jensen
     ----------------------           ------------------------------------------
                                      W. Reed Jensen
                                      Chief Financial Officer

                                        8