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


                                   FORM 10-QSB

    QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
                                     OF 1934


                  For the quarterly period ended June 30, 2003
                                                 -------------


                         Commission File No.33-55254-42


                        QUANTITATIVE METHODS CORPORATION
           (Name of small business issuer as specified in its charter)


           NEVADA                                      87-0485310
(State or other jurisdiction of            (I.R.S. Employer Identification No.)
incorporation or organization)

54 Chemin Seize Arpents, Morin Heights (Quebec) Canada               J0R 1H0
(Address of principal executive offices)                         (Postal Code)

Issuer's telephone number, including area code:      (450) 226-2622


Indicate by check mark whether the registrant (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 registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. [X] Yes [ ]No

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                10,300,000 SHARES
                       DOCUMENTS INCORPORATED BY REFERENCE
                                      NONE




                                       1


<PAGE>



                        QUANTITATIVE METHODS CORPORATION

                            FORM 10-QSB/JUNE 30, 2003

                                TABLE OF CONTENTS




General                                                                        1
Index                                                                          2

PART I - FINANCIAL INFORMATION

     Item 1. - Consolidated Financial Statements:

      Balance Sheets -
          June 30, 2003 (Unaudited) and December 31, 2002 (Audited)            3

      Statements of Operations - (Unaudited) Three Months ended June
          30, 2003 and 2002 Six Months ended June 30, 2003 and 2002
            and from Date of Inception to June 30, 2003                        4

      Statements of Cash Flows - (Unaudited)
          Six Months ended June 30, 2003 and 2002
             and from Date of Inception to June 30, 2003                       5

      Notes to Unaudited Consolidated Financial Statements                     6

     Item 2. - Management's  Discussion and Analysis of Financial
              Condition and Results of Operations                              9

     Item 3 - Controls and Procedures                                         12

PART II - OTHER INFORMATION

     Item 6 - Exhibits and Reports on Form 8-K                                12

Signature                                                                     13
Certifications                                                             14-16

                                        2


<PAGE>



                          PART I FINANCIAL INFORMATION

ITEM 1. - Financial Statements

                 QUANTITATIVE METHODS CORPORATION AND SUBSIDIARY
                          (A Development Stage Company)
                           CONSOLIDATED BALANCE SHEETS
                         (expressed in Canadian dollars)

<TABLE>
<CAPTION>
                                                                      June 30,               December 31,
                                                                        2003                      2002
                                                                  ----------------           ---------------
                                                                     (Unaudited)             (Audited)
ASSETS
     CURRENT ASSETS
<S>                                                               <C>                       <C>
         Cash                                                     $              0           $             0
                                                                  ----------------           ---------------

                           TOTAL CURRENT ASSETS                                  0                         0
                                                                  ----------------           ---------------

TOTAL ASSETS                                                      $              0           $             0
                                                                  ----------------           ---------------



LIABILITIES & (DEFICIT)
CURRENT LIABILITIES
         Accounts payable and accrued liabilities                 $         13,264           $        13,740
         Payable - shareholders                                             62,497                    52,315
                                                                  ----------------           ---------------

         TOTAL CURRENT LIABILITIES                                          75,761                    66,055

STOCKHOLDERS' (DEFICIT)
     Common Stock - $.001 par value:
         Authorized - 25,000,000 shares
         Issued and outstanding 10,300,000 shares                           11,485                    11,485
     Additional paid-in capital                                          1,840,062                 1,840,062
     Deficit accumulated during the
         development stage                                              (1,927,308)               (1,917,602)
                                                                  ----------------           ---------------

         TOTAL STOCKHOLDERS' (DEFICIT)                                     (75,761)                  (66,055)
                                                                  ----------------           ---------------

                                                                  $              0           $             0
                                                                  ================           ===============

</TABLE>

                                        3


<PAGE>



                 QUANTITATIVE METHODS CORPORATION AND SUBSIDIARY
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                         (expressed in Canadian dollars)
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                      Three Months Ended              Six Months Ended       Date of Inception
                                                           June 30,                       June 30,               to June 30,
                                                    2003            2002            2003            2002            2003
                                                -------------  --------------  --------------  --------------  --------------
<S>                                             <C>            <C>             <C>             <C>             <C>
SALES                                           $           0  $            0  $            0  $            0  $            0
                                                 ------------   -------------   -------------   -------------   -------------

General and Administrative expenses
  Professional fees                                     9,596          11,039           9,596          11,039          67,415
  Consulting                                                0               0               0               0         289,466
  Traveling and business promotion                          0               0               0               0           1,165
  Office expenses                                           0               0               0             215           3,570
  General and administrative                              135             152             533             152         113,426
  Foreign exchange fluctuation                  (          58)            669  (          423)            682             807
  Interest and bank charges                                 0              32               0              32              32
  Interest on bank loan                                     0               0               0              23              67
                                                -------------  --------------  --------------  --------------  --------------

Total general and administrative expenses               9,673          11,892           9,706          12,143         475,948
                                                -------------  --------------  --------------  --------------  --------------

                  NET INCOME (LOSS)
                BEFORE INCOME TAXES             (       9,673) (       11,892) (        9,706) (       12,143)       (475,948)
                                                -------------  --------------  --------------  --------------  --------------

  Discontinued operations - subsidiary                      0  (        3,622)              0  (       14,483)     (1,451,360)

                       INCOME TAXES                         0               0               0               0               0
                                                -------------  --------------  --------------  --------------  --------------

                  NET INCOME (LOSS)             $(      9,673) $(      15,514) $(       9,706) $(      26,626) $(   1,927,308)
                                                =============  ==============  ==============  ==============  ==============

BASIC AND DILUTED LOSS
     PER SHARE
Net (loss) per weighted
     average share                              $(        .00) $(         .00) $(         .00) $(         .00)
                                                =============  ==============  ==============  ==============
Weighted average number of common
     shares used to compute net (loss)
     per weighted average share                    10,300,000      10,300,000      10,300,000      10,300,000
                                                =============  ==============  ==============  ==============

</TABLE>


                                        4


<PAGE>



                 QUANTITATIVE METHODS CORPORATION AND SUBSIDIARY
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                         (expressed in Canadian dollars)
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                Six Months Ended                Date of Inception
                                                                    June 30,                        to June 30,
                                                         2003                    2002                  2003
                                                     ----------------      ---------------       ---------------
OPERATING ACTIVITIES
<S>                                                  <C>                   <C>                   <C>
Net earnings (loss)                                  $(         9,706)     $(       26,626)      $(    1,927,308)
Adjustment to reconcile net loss to net cash
   Provided (used) by operating activities
     Loss on investment                                             0                    0                34,845
     Investment tax credit adjustment                               0                    0                21,554
     Depreciation of assets                                         0               11,867               204,952
     Decrease in software development costs                         0                    0               172,682
     Stock issued for services                                      0                    0               290,190
                                                       --------------        -------------         -------------

                                                       (        9,706)       (      14,759)        (   1,203,085)
     Changes in receivables                                         0        (         769)                    0
     Changes in payables                               (          476)       (      11,098)               13,264
                                                        -------------         ------------         -------------

                   NET CASH PROVIDED (REQUIRED)
                        BY OPERATING ACTIVITIES        (       10,182)       (      26,626)        (   1,189,821)
                                                        -------------         ------------          ------------

INVESTING ACTIVITIES
     Acquisition of investment                                      0                    0         (     100,747)
     Proceeds of disposal of investment                             0                    0                65,902
     Software development costs                                     0                    0         (     172,682)
     Acquisition of fixed assets                                    0                    0         (     204,952)
                                                       --------------        -------------          ------------

                                NET CASH (USED)
                        BY INVESTING ACTIVITIES                     0                    0         (     412,479)
                                                       --------------        -------------          ------------

FINANCING ACTIVITIES
     Variation of advances from a shareholder                  10,182               18,546                62,497
     Net proceeds of issuance of shares                             0                    0             1,539,803
     Addition to long-term debt                                     0                    0               134,680
     Repayment of long-term debt                                    0                    0         (     134,680)
     Change in cash overdraft                                       0                8,080                     0
                                                       --------------        -------------         -------------

                       NET CASH PROVIDED (USED)
                        BY FINANCING ACTIVITIES                10,182               26,626             1,602,300
                                                       --------------        -------------         -------------

                    INCREASE (DECREASE) IN CASH
                           AND CASH EQUIVALENTS                     0                    0                     0

                      CASH AND CASH EQUIVALENTS
                         AT BEGINNING OF PERIOD                     0                    0                     0
                                                       --------------        -------------         -------------

                      CASH AND CASH EQUIVALENTS
                               AT END OF PERIOD      $              0      $             0       $             0
                                                       ==============        =============        ==============

SUPPLEMENTAL DISCLOSURES
   OF CASH FLOW INFORMATION
     Cash paid during the period for:
         interest                                    $              0      $             0       $         6,648
         income tax                                                 0                    0                     0
</TABLE>

                                        5


<PAGE>



                 QUANTITATIVE METHODS CORPORATION AND SUBSIDIARY
                          (A Development Stage Company)
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                                  June 30, 2003


NOTE 1: INCORPORATION AND NATURE OF BUSINESS

         Quantitative Methods Corporation ("QTTM"), a development stage
         enterprise, was incorporated under the laws of the State of Nevada on
         July 26, 1990. The Company acquired 100% ownership of Softguard
         Enterprises, Inc., incorporated on June 23, 1995, to engage in the
         technical product research and development and commercialization of the
         "SLNS" and "QUORUM" products for use in the field of information
         systems management and security. Softguard is a development stage
         enterprise and has had no revenues to date.

         On January 8, 1999, the board of directors of QTTM entered into an
         Agreement with Softguard Enterprises Inc. ("Softguard"), incorporated
         under the Canadian Business Corporations Act, whereby the Company
         issued and delivered 7,650,000 shares of its Common Stock bearing a
         restrictive legend, in exchange for which issuance, QTTM acquired all
         of the outstanding shares of Softguard. The transaction was exempt from
         the registration requirements of the Securities Act of 1933 by virtue
         of Section 4(2) thereof.

         On December 31, 2002, the Company's management decided to abandon its
         wholly owned subsidiary, Softguard Enterprises Inc. due to lack of
         operations. This transaction was recorded in the December 31, 2002
         financial statements as a discontinuation of operations.

         The Company is in the early development stage and management devotes
         most of its activities in investigating business opportunities. Because
         of a serious working capital deficiency and significant operating
         losses from inception, there is substantial doubt about the ability of
         the Company to continue as a going concern.

         The Company will pursue interests in various other business
         opportunities that, in the opinion of management, may provide a profit
         to the Company. Additional external financing or other capital may be
         required to proceed with any business plan that may be developed by the
         Company.

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         Basis of Presentation
         The unaudited interim financial statements are expressed in Canadian
         dollars (except par value of stock) and have been prepared in
         accordance with the accounting principles generally accepted in the
         United States of America. Accordingly, they do not include all of the
         information and footnotes required by generally accepted accounting
         principles ("GAAP") for a complete presentation of financial
         statements. The unaudited financial statements should, therefore, be
         read in conjunction with the financial statements and notes thereto in
         the Report on Form 10-KSB for the year ended December 31, 2002. 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 six-month period
         ended June 30, 2003 are not necessarily indicative of the results that
         may be expected for the entire year or for any future period.



                                        6


<PAGE>



                 QUANTITATIVE METHODS CORPORATION AND SUBSIDIARY
                          (A Development Stage Company)
        NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (continued)
                                  June 30, 2003


         Certain comparative amounts of previous periods have been restated in
         order to conform to the current period's presentation of the financial
         statements.

         Principles of Consolidation
         The consolidated financial statements for June 30, 2003 include the
         accounts of the Company and the discontinued operations of its wholly
         owned subsidiary, Softguard Enterprises, Inc. ("Softguard"). Softguard
         was the main line of business for the Company until its abandonment on
         December 31, 2002. All significant inter-company transactions have been
         eliminated in consolidation.

         Advertising Costs
         The Company recognizes advertising expense in accordance with Statement
         of Position 93-7, "Reporting on Advertising Costs". As such, the
         Company expenses the cost of communicating advertising in the period in
         which the advertising space or airtime is used. Advertising expense was
         $0 for the period ending June 30, 2003 and $1,165 since inception.

         Basic and Diluted Net Income (Loss) Per Share
         Basic net income (loss) per share is computed by dividing net earnings
         (loss) available to common stockholders by the weighted average number
         of common shares and common equivalent shares outstanding during the
         period.

         Cash and Cash Equivalents
         For financial statement purposes, the Company considers all highly
         liquid instruments with original maturities of less than three months
         to be cash equivalents.

         Comprehensive Income
         Since 1999, the Company adopted Statement of Financial Accounting
         Standard ("SFAS") No. 130, "Reporting Comprehensive Income". This
         statement establishes rules for the reporting of comprehensive income
         and its components. The adoption of SFAS No. 130 had no significant
         impact on total shareholders' deficit as of June 30, 2003.

         Concentration of Credit Risk
         The Company's exposure to credit risk is minimal.

         Dividend Policy
         The Company has not yet adopted any policy regarding payment of
         dividends.

         Estimates and Assumptions
         Management uses estimates and assumptions in preparing financial
         statements in accordance with generally accepted accounting principles.
         Those estimates and assumptions affect the reported amounts of assets
         and liabilities, the disclosure of contingent assets and liabilities,
         and the reported revenues and expenses. Actual results could vary from
         the estimates that were assumed in preparing the financial statements.




                                        7


<PAGE>



                 QUANTITATIVE METHODS CORPORATION AND SUBSIDIARY
                          (A Development Stage Company)
        NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (continued)
                                  June 30, 2003


         Fair Value of Financial Instruments
         The Company's financial instruments, including accounts payable and
         amounts payable to shareholders are carried at cost, which approximate
         their fair values due to their short-term maturity.

         Income Taxes
         Income taxes are computed using the asset and liability method. Under
         this method, deferred income tax assets and liabilities are determined
         based on the differences between the financial and tax bases of assets
         and liabilities and are measured using the currently enacted tax rates
         and laws. Statement of Financing Accounting Standards No. 109, requires
         a valuation allowance against deferred tax assets if based on the
         weight of available evidence, it is more likely than not that some or
         all of its deferred tax assets will not be realized.

         Interest Rate Risk
         The Company is not exposed to interest rate risk.

         Translation of Foreign Currencies
         Transactions in currencies other than the Canadian dollar are
         translated at the exchange rate in effect on the transaction date. Any
         balance sheet items denominated in foreign currencies are translated
         into Canadian dollars using the exchange rate in effect on the balance
         sheet date. Any gain or loss due to exchange fluctuation is charged to
         the statement of income (loss).

         Revenue Recognition
         The Company has not recognized any revenue to date.


                                        8


<PAGE>



ITEM 1. - Management's Discussion and Analysis of Financial Condition and
          Results of Operations

This Form 10-QSB contains forward-looking statements. The words "anticipate",
"believe", "expect", "plan", "intend", "estimate", "project", "could", "may",
"foresee", and similar expressions identify forward- looking statements that
involve risks and uncertainties. You should not place undue reliance on forward-
looking statements in this Form 10-QSB because of their inherent uncertainty.
The following discussion and analysis should be read in conjunction with the
Financial Statements and Notes thereto and other financial information included
in this Form 10-QSB and our Form 10-KSB for the year ended December 31, 2002.
Actual results could differ materially from the results discussed in the
forward-looking statements. The Company assumes no responsibility to correct or
update the forward looking statements as circumstances change and therefore, the
forward looking statements should be assumed to speak only as at the date of the
filing of this report.

History and Purpose
Quantitative Methods Corporation ("QTTM" or the "Company") was incorporated
under the laws of the State of Nevada on July 26, 1990, to engage in potential
business ventures which, in the opinion of management, would provide an eventual
profit for the Company. The Company's common stock is currently traded on the
OTC Bulletin Board (OTCBB), under the symbol "QTTM".

On January 8, 1999, the board of directors of QTTM entered into an Agreement
with Softguard Enterprises Inc. ("Softguard"), a private Canadian corporation,
whereby the Company issued and delivered, 7,650,000 shares of its common stock
bearing a restrictive legend, in exchange for which issuance QTTM acquired all
of the outstanding shares of Softguard. The transaction was exempt from the
registration requirements of the Securities Act of 1933 by virtue of Section
4(2) thereof. Following the transaction the former shareholders of Softguard
owned 82% of the outstanding shares of the Company.

On December 31, 2002, the board of directors of QTTM unanimously agreed to
abandon its wholly owned subsidiary, Softguard Enterprises Inc., due to lack of
operations. This decision was based on Softguard's inability to raise additional
working capital and failure to complete its product development and generate
revenues.

Business Activities
No significant operations presently exist, and management continues to
investigate possible merger and acquisition candidates. Management believes that
the Company's status as a publicly held corporation will enhance its ability to
locate potential business ventures. Such involvement may take many forms,
including the acquisition of an existing business or the acquisition of assets
to establish subsidiary businesses.

No assurance can be given as to when the Company may locate suitable business
opportunities that would eventually provide a source of profit to QTTM.
Management anticipates that due to its limited amount of funds, and resources,
the Company may be restricted to participate in only one potential business
venture. This lack of diversification should be considered a substantial risk
because it will not permit the Company to offset potential losses from one
venture against gains from another.

The Company will not restrict its search to any particular business, industry or
geographical location, and reserves the right to evaluate and to enter into any
type of business opportunity, in any stage of its development (including the
"start-up" stage), in any location. In seeking a business venture, management
will not be influenced by the anticipated or perceived appeal of a specific
industry, management group, or product or industry, but rather, will be
motivated by a company's business objective of seeking long term capital
appreciation in its real value.

It is not possible at present to predict the exact manner in which the Company
may participate in a business opportunity. Specific business opportunities will
be reviewed, and based upon such review, the appropriate

                                        9


<PAGE>



legal structure or method of participation will be decided upon by management.
Such structures and methods may include, without limitation, leases, purchase
and sale agreements, license, joint ventures; and may involve merger,
consolidation or reorganization. The Company may act directly or indirectly
through an interest in a partnership, corporation or other form of organization.
However, it is most likely that the Company will acquire a business venture by
conducting reorganization, involving the issuance of the Company's restricted
securities. Reorganization may involve a merger (or combination pursuant to
state corporate statutes, where one of the entities dissolves or is absorbed by
the other), or it may occur as a consolidation, where a new entity is formed and
the Company and such other entity combine assets in the new entity.
Reorganization may also occur, directly or indirectly, through subsidiaries, and
there is no assurance that the Company would be the surviving entity. Any such
reorganization could result in additional dilution to the book value of the
shares and loss of control of a majority of the shares. The Company's present
directors may be required to resign in connection with reorganization.

The Company may choose to enter into a venture involving the acquisition of or
merger with a company, which does not need substantial additional capital but
desires to establish a public trading market for its securities. Such a company
may desire to consolidate its operations with the Company through a merger,
reorganization, asset acquisition, or other combination, in order to avoid
possible adverse consequences of undertaking its own public offering. (Such
consequences might include expense, time delays or loss of voting control.) In
the event of such a merger, the Company may be required to issue significant
additional shares, and it may be anticipated that control over the Company's
affairs may be transferred to others. It should also be noted that this type of
business venture might have the effect of depriving the shareholders of the
protection of federal and state securities laws, which normally affect the
process of a company becoming publicly held.

During 1999, the Company entered into a verbal agreement to acquire 100%
interest in Solar Pro Reg'd (Gestion Danpe Inc.) ("Solar Pro"), a Canadian-based
solar technology equipment manufacturer and distributor. With this acquisition,
the Company would receive manufacturing equipment, prototypes, inventory,
accounts receivable and an established market presence in Canada and the United
States. Gestion Danpe, Inc. was incorporated in March 1991 and has operated
under the registered name of Solar Pro since August 1996.

Solar Pro is a top-line manufacturer using anodized extruded aluminum in the
construction of high-end solar units that have minimal assembly requirements.
The primary advantage of these units is the durable, high quality finish that
extends the useful life of the product line for commercial use.

This acquisition is not likely to happen before our third quarter, but it
remains part of QTTM's short-term plan. No final commitment will be made to
acquire Solar Pro until sufficient funding is available to invest in Solar Pro
and the expansion of their manufacturing facilities in Richmond (Quebec) Canada,
where they will continue operations and focus resources on product development,
sales and marketing.

Operating Results
The Company incurred losses from continuing operations of $9,673 (CDN) and
$9,706 (CDN) for the three months and six months ended June 30, 2003, as
compared to losses of $11,892 (CDN) and $12,143 (CDN) for the corresponding
periods in 2002.

Prior to January 8, 1999, the Company had limited operational history and had
not engaged in business of any kind. All risks inherent in new and inexperienced
enterprises were, and still are, inherent in the Company's business. The
acquisition of Softguard proved unsuccessful and since Softguard could provide
no future benefit to the Company it was abandoned on December 31, 2002. The
principal contributing factor that lead to this decision was shortage of working
capital and the second was the unavailability of the systems software designer.
The working prototype of the software product that had been developed by
Softguard became obsolete over time, because of discontinued research and
development.

                                       10


<PAGE>



In the absence of operating activities, our cash requirements for the following
year will be limited to general and administrative expenses, which are expected
to be less than $250 (CDN) per month, and professional fees for legal and
accounting services. We will require additional capital in order to continue as
a going concern in the long term.

The Company's financial statements have been prepared on the basis that it is a
going concern, which contemplates the realization of assets and satisfaction of
liabilities in the normal course of business. As of June 30, 2003, the Company
has an accumulated deficit of $1,927,308 (CDN) and its current liabilities
exceeded its current assets by $75,761 (CDN).

Competition
The Company expects to encounter intense competition in its efforts to locate
suitable business opportunities in which to engage. The primary competition for
desirable investments may come from other small companies organized and funded
for similar purposes, from small business development corporations and from
public and private venture capital organizations. The competing entities will
have significantly greater experience, financial resources, facilities, contacts
and managerial expertise, than the Company and will, consequently, be in a
better position to compete with larger more experienced entities to obtain
access to, and engage in, proposed business ventures, which are low-risk.
Business opportunities in which the Company may ultimately participate are
likely to be highly risky and extremely speculative.

Liquidity and Capital Resources
The Company is currently seeking additional capital through private placements
or other financing to pay operating costs and develop operating activities
through a merger or acquisition of a potential business opportunity. At the
present time, management is negotiating with potential investors who have
expressed interest in providing financing to fund future acquisitions. Moreover,
due to the Company's poor liquidity and lack of operations, the cost of
obtaining additional capital is expected to be significant.

There can be no assurance that the Company will be able to raise the capital it
needs in the future. Management cannot provide assurance that the Company will
ultimately achieve profitable operations or become cash flow positive.
Consequently, if the Company is unable to obtain funds from external sources, it
is possible that it will be unable to satisfy its working capital requirements
and continue to operate in the long term.

The Company's continuation as a going concern is dependent upon its ability to
obtain additional working capital. Management recognizes that, if it is unable
to raise additional funding, the Company may cease operations.

Plan of Operation
Although, the Company does not have any cash reserves, the directors have
indicated willingness, for the time being, to continue to pay general and
administrative expenses and advance funds sufficient to enable it to satisfy its
reporting requirements and other obligations incumbent on it as a public
company. The Company therefore believes that it can continue as a going concern
in the near future. The loans will be interest free with no fixed terms of
repayment. These related parties are not obliged to advance money to pay for
operating costs, and therefore, no assurances can be given that they will
continue to do so, in which case the Company may have to cease operations
entirely and liquidate.

Based on current economic and regulatory conditions, management believes that it
is possible, if not probable, for a company like QTTM, without assets or many
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. Should a merger or acquisition prove unsuccessful, it is
possible that

                                       11


<PAGE>



management may decide to abandon its search and no longer pursue its acquisition
activities, and the shares of the Company would become worthless.

Conclusion
It is likely that the investigation and selection of business opportunities will
be complex, time-consuming and extremely risky. However, management believes
that even though the Company will have limited capital, the fact that its
securities will be publicly held will make it a reasonably attractive business
prospect for other firms.

ITEM 3. - Controls and Procedures

     (a) On June 30, 2003, we made an evaluation of our disclosure controls and
         procedures. In our opinion, the disclosure controls and procedures are
         adequate because the systems of controls and procedures are designed to
         assure, among other items, that i) recorded transactions are valid; ii)
         valid transactions are recorded; and iii) 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.

     (b) 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 31.1
                  Certification of the Chief Executive Officer of Quantitative
                  Methods Corporation pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.
         Exhibit 31.2
                  Certification of the Chief Financial Officer of Quantitative
                  Methods Corporation pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.
         Exhibit 32.1
                  Certification of the Chief Executive Officer and Chief
                  Financial Officer of Quantitative Methods Corporation pursuant
                  to Section 906 of the Sarbanes-Oxley Act of 2002.

     b) Reports on Form 8-K:
              a)  The Company filed a Form 8-K/A on April 11, 2003, which
                  disclosure was required by Item 7 - Pro Forma Financial
                  Information.


                                       12


<PAGE>



                                   SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                           QUANTITATIVE METHODS CORPORATION



Dated:   August 6, 2003    By: /s/ Bernard Bousseau
                               --------------------
                           BERNARD BOUSSEAU, President and Director


                                       13


<PAGE>



EXHIBIT 31.1
                                CEO CERTIFICATION

I, Bernard BOUSSEAU, Director and President, certify that:

1.   I have reviewed this report on Form 10-QSB of Quantitative Methods
     Corporation;

2.   Based on my knowledge, this report does not contain any untrue statement 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
     report;

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

4.   The small business issuer's other certifying officer(s) and I, are
     responsible for establishing and maintaining disclosure controls and
     procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for
     the small business issuer and have:

     a)  Designed such disclosure controls and procedures, or caused such
         disclosure controls and procedures to be designed under our
         supervision, to ensure that material information relating to the small
         business issuer, including its consolidated subsidiaries, is made known
         to us by others within those entities, particularly during the period
         in which this report is being prepared;

     b)  Evaluated the effectiveness of the small business issuer'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 change in the small business issuer's
         internal control over financial reporting that occurred during the
         small business issuer's most recent fiscal quarter (the small business
         issuer's fourth fiscal quarter in the case of an annual report) that
         has materially affected, or is reasonably likely to materially affect,
         the small business issuer's internal control over financial reporting;
         and

5.   The small business issuer's other certifying officer(s) and I have
     disclosed, based on our most recent evaluation of internal control over
     financial reporting, to the small business issuer's auditors and the audit
     committee of the small business issuer'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 small business issuer'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 small business issuer's
         internal control over financial reporting.

Date: August 6, 2003

/s/ Bernard Bousseau
Director and President


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<PAGE>



EXHIBIT 31.2
                                CFO CERTIFICATION

I, Helga LEUTHE, Director and Secretary/Treasurer, certify that:

1.   I have reviewed this report on Form 10-QSB of Quantitative Methods
     Corporation;

2.   Based on my knowledge, this report does not contain any untrue statement 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
     report;

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

4.   The small business issuer's other certifying officer(s) and I, are
     responsible for establishing and maintaining disclosure controls and
     procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for
     the small business issuer and have:

     a)  Designed such disclosure controls and procedures, or caused such
         disclosure controls and procedures to be designed under our
         supervision, to ensure that material information relating to the small
         business issuer, including its consolidated subsidiaries, is made known
         to us by others within those entities, particularly during the period
         in which this report is being prepared;

     b)  Evaluated the effectiveness of the small business issuer'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 change in the small business issuer's
         internal control over financial reporting that occurred during the
         small business issuer's most recent fiscal quarter (the small business
         issuer's fourth fiscal quarter in the case of an annual report) that
         has materially affected, or is reasonably likely to materially affect,
         the small business issuer's internal control over financial reporting;
         and

5.   The small business issuer's other certifying officer(s) and I have
     disclosed, based on our most recent evaluation of internal control over
     financial reporting, to the small business issuer's auditors and the audit
     committee of the small business issuer'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 small business issuer'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 small business issuer's
         internal control over financial reporting.

Date: August 6, 2003

/s/ Helga Leuthe
Director and Secretary/Treasurer


                                       15


<PAGE>


Exhibit 32.1
                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report on Form 10QSB of Quantitative Methods
Corporation (the "Company") for the quarter and six months ended June 30, 2003
as filed with the Securities and Exchange Commission on the date hereof (the
"Report"), the undersigned Bernard Bousseau, President and Director of
Quantitative Methods Corporation, and Helga Leuthe, Secretary/Treasurer and
Director of Quantitative Methods Corporation, certify, pursuant to 18 U.S.C.
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002, that:

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

     (2) The information contained in the Report fairly presents, in all
         material respects, the financial condition and results of operations of
         the Company.

Dated:   August 6, 2003

     /s/ Bernard Bousseau
Bernard Bousseau, President and Director

     /s/ Helga Leuthe
Helga Leuthe, Secretary/Treasurer and Director


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