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    September 30, 2002

[]   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
incorporation or organization)                 Number)



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 September 30, 2002
$.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 nine
months ended September 30, 2002, are not  necessarily  indicative of the results
that can be expected for the year ending December 31, 2002.



                                        2

<PAGE>

                              ULTRONICS CORPORATION
                          (A Development Stage Company)
                                  BALANCE SHEET
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                       September 30,              December 31,
                                                                           2002                       2001
ASSETS                                                                  (Unaudited)                 (Audited)
                                                                  ----------------------     ---------------------
   CURRENT ASSETS
<S>                                                               <C>                        <C>
     Cash in bank                                                 $                2,063     $               5,537
                                                                  ----------------------     ---------------------

                                      TOTAL CURRENT ASSETS        $                2,063     $               5,537
                                                                  ======================     =====================

LIABILITIES & EQUITY
   CURRENT LIABILITIES
     Accounts payable                                             $                    0     $                   0
                                                                  ----------------------     ---------------------

                                 TOTAL CURRENT LIABILITIES                             0                         0

   STOCKHOLDERS' EQUITY
     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                                                         (23,937)                  (20,463)
                                                                  ----------------------     ---------------------

                                TOTAL STOCKHOLDERS' EQUITY                         2,063                     5,537
                                                                  ----------------------     ---------------------

                                                                  $                2,063     $               5,537
                                                                  ======================     =====================
</TABLE>


                                        3

<PAGE>

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



<TABLE>
<CAPTION>
                                                                                                                      3/14/90
                                           Three Months Ended                       Nine Months Ended                (Date of
                                              September 30,                           September 30,                inception) to
                                        2002                2001                2002               2001               9/30/02
                                 ------------------  ------------------  -----------------   -----------------  ------------------
<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                                     843                 636              3,474               3,434              23,937
                                 ------------------  ------------------  -----------------   -----------------  ------------------

                    NET LOSS     $             (843) $             (636) $          (3,474)  $          (3,434) $          (23,937)
                                 ==================  ==================  =================   =================  ==================

BASIC AND DILUTED
   (LOSS) PER SHARE
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                       Nine Months Ended                (Date of
                                              September 30,                           September 30,                inception) to
                                        2002                2001                2002               2001               9/30/02
                                 ------------------  ------------------  -----------------   -----------------  ------------------
OPERATING ACTIVITIES
<S>                              <C>                 <C>                 <C>                 <C>                <C>
   Net (loss)                    $             (843) $             (636) $          (3,474)  $          (3,434) $          (23,937)
   Adjustments to reconcile net
     (loss) to cash used by
     operating activities:
       Accounts payable                           0                   0                  0                   0                   0
                                 ------------------  ------------------  -----------------   -----------------  ------------------
                    NET CASH
           USED BY OPERATING
                  ACTIVITIES                   (843)               (636)            (3,474)             (3,434)            (23,937)

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

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

FINANCING ACTIVITIES
   Proceeds from sale of
     common stock                                 0                   0                  0                   0              26,000
                                 ------------------  ------------------  -----------------   -----------------  ------------------

                    NET CASH
                 PROVIDED BY
         FINANCING ACTIVITIES                     0                   0                  0                   0              26,000
                                 ------------------  ------------------  -----------------   -----------------  ------------------

         INCREASE (DECREASE)
                     IN CASH
                         AND
            CASH EQUIVALENTS                   (843)               (636)            (3,474)             (3,434)              2,063

Cash and cash equivalents
   at beginning of period                     2,906               6,695              5,537               9,493                   0
                                 ------------------  ------------------  -----------------   -----------------  ------------------

               CASH AND CASH
                 EQUIVALENTS
            AT END OF PERIOD     $            2,063  $            6,059  $           2,063   $           6,059  $            2,063
                                 ==================  ==================  =================   =================  ==================

</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 $843 during the quarter  ended  September 30,
2002 and $3,474 for the nine months ended  September 30, 2002 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.

     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.

                           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:  November 18, 2002             /s/ W. Reed Jensen
                                      W. Reed Jensen, President and Director


                                        6

<PAGE>

Exhibit 99.1 CEO Certification

In  connection  with the  quarterly  report on Form 10-QSB for the quarter ended
September  30,  2002  (Report),  as  filed  with  the  Securities  and  Exchange
Commission,  on the date hereof,  the  undersigned  Chief  Executive  Officer of
Ultronics  Corporation (the  "Company"),  certifies to the best of my knowledge,
pursuant to 18 USC 1350, as adopted pursuant to ss.302 and promulgated as 18 USC
1350 pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that:

1.   The Report referenced above has been read and reviewed by the undersigned.

2.   The Report fully complies with the  requirements  of Section 13(a) or 15(d)
     of the Securities Exchange Act of 1934.

3.   The Report  referenced  above does not  contain any untrue  statement  of a
     material fact or omit to state a material  fact  necessary in order to make
     the  statements  made,  in  light of the  circumstances  under  which  such
     statements were made, not misleading.

4.   I acknowledge that the management of the Company is solely  responsible for
     the  fair  presentation  in  the  financial  statements  of  the  financial
     position, results of operations and cash flows of the Company in conformity
     with  accounting  principles  generally  accepted  in the United  States of
     America.

Based upon my knowledge,  the  financial  statements,  and other such  financial
information  included in the report,  fairly present the financial condition and
results of  operations  of the Company as of and for the period ended  September
30, 2002.

In my  opinion,  the  accompanying  interim  financial  statements,  prepared in
accordance with the instructions for Form 10-QSB,  are unaudited and contain all
material adjustments,  consisting only of normal recurring adjustments necessary
to present fairly the financial condition,  results of operations and cash flows
of the Company for the respective interim periods presented.  The current period
results of operations are not necessarily indicative of results which ultimately
will be reported for the full fiscal year.

Additionally, I acknowledge that the Company's Board of Directors and Management
are solely responsible for adopting sound accounting practices, establishing and
maintaining a system of internal control and preventing and detecting fraud. The
Company's  system of internal  accounting  control is 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  of the  Company  for  the
respective periods being presented.

/s/ W. Reed Jensen
W. Reed Jensen, President,
CEO and Director
Dated:  November 18, 2002


                                        7

<PAGE>

Exhibit 99.2 CFO Certification

In  connection  with the  quarterly  report on Form 10-QSB for the quarter ended
September  30,  2002  (Report),  as  filed  with  the  Securities  and  Exchange
Commission,  on the date hereof,  the  undersigned  Chief  Financial  Officer of
Ultronics  Corporation (the  "Company"),  certifies to the best of my knowledge,
pursuant to 18 USC 1350, as adopted pursuant to ss.302 and promulgated as 18 USC
1350 pursuant to ss.906 of the Sarbanes-Oxley Act of 2002, that:

1.   The Report referenced above has been read and reviewed by the undersigned.

2.   The Report fully complies with the  requirements  of Section 13(a) or 15(d)
     of the Securities Exchange Act of 1934.

3.   The Report  referenced  above does not  contain any untrue  statement  of a
     material fact or omit to state a material  fact  necessary in order to make
     the  statements  made,  in  light of the  circumstances  under  which  such
     statements were made, not misleading.

4.   I acknowledge that the management of the Company is solely  responsible for
     the  fair  presentation  in  the  financial  statements  of  the  financial
     position, results of operations and cash flows of the Company in conformity
     with  accounting  principles  generally  accepted  in the United  States of
     America.

Based upon my knowledge,  the  financial  statements,  and other such  financial
information  included in the report,  fairly present the financial condition and
results of  operations  of the Company as of and for the period ended  September
30, 2002.

In my  opinion,  the  accompanying  interim  financial  statements,  prepared in
accordance with the instructions for Form 10-QSB,  are unaudited and contain all
material adjustments,  consisting only of normal recurring adjustments necessary
to present fairly the financial condition,  results of operations and cash flows
of the Company for the respective interim periods presented.  The current period
results of operations are not necessarily indicative of results which ultimately
will be reported for the full fiscal year.

Additionally, I acknowledge that the Company's Board of Directors and Management
are solely responsible for adopting sound accounting practices, establishing and
maintaining a system of internal control and preventing and detecting fraud. The
Company's  system of internal  accounting  control is 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  of the  Company  for  the
respective periods being presented.

/s/ W. Reen Jensen
W. Reed Jensen, CFO and Director
Dated: November 18, 2002


                                        8