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, 2000
                               ----------------------------

[]       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, 2000
------------------------------------       -------------------------------------
$.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, 2000, are not  necessarily  indicative of the results
that can be expected for the year ending December 31, 2000.



                                        2

<PAGE>



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

<TABLE>
<CAPTION>
                                                                       September 30,
                                                                           2000
                                                                  ----------------------
ASSETS
   CURRENT ASSETS
<S>                                                               <C>
     Cash in bank                                                 $               10,952
                                                                  ----------------------

                                      TOTAL CURRENT ASSETS        $               10,952
                                                                  ======================

LIABILITIES & EQUITY
   CURRENT LIABILITIES
     Accounts payable                                             $                  437
                                                                  ----------------------

                                 TOTAL CURRENT LIABILITIES

   STOCKHOLDERS' EQUITY
     Common Stock $.001 par value:
       Authorized - 100,000,000 shares
       Issued and outstanding  6,000,000 shares                                    6,000
     Additional paid-in capital                                                   20,000
     Deficit accumulated during the
       development stage                                                         (15,485)
                                                                  ----------------------

                                TOTAL STOCKHOLDERS' EQUITY                        10,515
                                                                  ----------------------

                                                                  $               10,952
                                                                  ======================
</TABLE>


See Notes to Financial Statements.

                                        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
                                        2000                1999                2000               1999               9/30/00
                                 ------------------  ------------------  -----------------   -----------------  ------------------
<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                                     687                 410              3,133               2,748              15,485
                                 ------------------  ------------------  -----------------   -----------------  ------------------

                    NET LOSS     $             (687) $             (410) $          (3,133)  $          (2,748) $          (15,485)
                                 ==================  ==================  =================   =================  ==================

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>


See Notes to Financial Statements.

                                        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
                                        2000                1999                2000               1999               9/30/00
                                 ------------------  ------------------  -----------------   -----------------  ------------------
OPERATING ACTIVITIES
<S>                              <C>                 <C>                 <C>                 <C>                <C>
   Net (loss)                    $             (687) $             (410) $          (3,133)  $          (2,748) $          (15,485)
   Adjustments to reconcile net
     (loss) to cash used by
     operating activities:
       Accounts payable                         437                   0                437                   0                 437
                                 ------------------  ------------------  -----------------   -----------------  ------------------
                    NET CASH
           USED BY OPERATING
                  ACTIVITIES                   (250)               (410)            (2,696)             (2,748)            (15,048)

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                   (250)               (410)            (2,696)             (2,748)             10,952

Cash and cash equivalents
   at beginning of period                    11,202              15,305             13,648              17,643                   0
                                 ------------------  ------------------  -----------------   -----------------  ------------------

               CASH AND CASH
                 EQUIVALENTS
            AT END OF PERIOD     $           10,952  $           14,895  $          10,952   $          14,895  $           10,952
                                 ==================  ==================  =================   =================  ==================

</TABLE>



See Notes to Financial Statements.

                                        5

<PAGE>



                              ULTRONICS CORPORATION
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)


NOTE 1:  SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES

         Basis of Presentation

         The accompanying  financial statements have been prepared in accordance
         with  generally  accepted  accounting  principles  ("GAAP") for interim
         financial  information.  Accordingly,  they do not  include  all of the
         information  and  footnotes  required by  generally  accepted  auditing
         principles for complete financial  statements.  The unaudited financial
         statements should, therefore, be read in conjunction with the financial
         statements  and notes  thereto in the Report on Form 10KSB for the year
         ended December 31, 1999. In the opinion of management,  all adjustments
         (consisting of normal and recurring  adjustments)  considered necessary
         for a fair presentation,  have been included. The results of operations
         for the three and nine-month  periods ended  September 30, 2000 are not
         necessarily  indicative  of the results  that may be  expected  for the
         entire fiscal year.


                                        6

<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 $687 during the quarter  ended  September 30,
2000 and $3,133 for the nine months ended  September 30, 2000 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 on Form 8-K

         (a)      Exhibits
                  27 Financial Data Schedule

         (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 14, 2000            /s/  W. Reed Jensen
         --------------------         --------------------------------------
                                      W. Reed Jensen, President and Director


                                        7