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, 2001
                               -----------------------

[]       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, 2001
------------------------------------      -------------------------------
$.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 six
months ended June 30, 2001, are not  necessarily  indicative of the results that
can be expected for the year ending December 31, 2001.



                                        2

<PAGE>



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

<TABLE>
<CAPTION>
                                                                                  June 30,
                                                                                    2001
                                                                           ----------------------
ASSETS
     CURRENT ASSETS
<S>                                                                        <C>
       Cash in bank                                                        $                6,695
                                                                           ----------------------

                                              TOTAL CURRENT ASSETS         $                6,695
                                                                           ======================

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

                                         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                                                                (19,305)
                                                                           ----------------------

                                        TOTAL STOCKHOLDERS' EQUITY                          6,695
                                                                           ----------------------

                                                                           $                6,695
                                                                           ======================
</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
                                        2001                2000                2001               2000               6/30/01
                                 ------------------  ------------------  -----------------   -----------------  ------------------
<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                                     625               1,910              2,798               2,446              19,305
                                 ------------------  ------------------  -----------------   -----------------  ------------------

                    NET LOSS     $             (625) $           (1,910) $          (2,798)  $          (2,446) $          (19,305)
                                 ==================  ==================  =================   =================  ==================

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
                                        2001                2000                2001               2000               6/30/01
                                 ------------------  ------------------  -----------------   -----------------  ------------------
OPERATING ACTIVITIES
<S>                              <C>                 <C>                 <C>                 <C>                <C>
   Net (loss)                    $             (625) $           (1,910) $          (2,798)  $          (2,446) $          (19,305)
   Adjustments to reconcile net
     (loss) to cash used by
     operating activities:
       Accounts payable                      (1,488)                  0                  0                   0                   0
                                 ------------------  ------------------  -----------------   -----------------  ------------------
                    NET CASH
           USED BY OPERATING
                  ACTIVITIES                 (2,113)             (1,910)            (2,798)             (2,446)            (19,305)

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                 (2,113)             (1,910)            (2,798)             (2,446)              6,695

Cash and cash equivalents
   at beginning of period                     8,808              13,112              9,493              13,648                   0
                                 ------------------  ------------------  -----------------   -----------------  ------------------

               CASH AND CASH
                 EQUIVALENTS
            AT END OF PERIOD     $            6,695  $           11,202  $           6,695   $          11,202  $            6,695
                                 ==================  ==================  =================   =================  ==================

</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 $625 during the quarter  ended June 30, 2001
and $2,798 for the six months  ended June 30,  2001 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
                  None

         (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 1, 2001              /s/ W. Reed Jensen
                                  --------------------------------------------
                                  W. Reed Jensen, President and Director


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