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 March 31, 2005
                                                 --------------


                         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)

70 de Navarre, St-Lambert (Quebec) Canada               J4S 1Y6
(Address of principal executive offices)             (Postal Code)

Issuer's telephone number, including area code:                (450) 672-7003

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 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 May 10, 2005
-----------------------------------------        ------------------------------
$.001 PAR VALUE CLASS A COMMON STOCK                        10,300,000 SHARES





                                        1

<PAGE>



                        QUANTITATIVE METHODS CORPORATION

                           FORM 10-QSB/MARCH 31, 2005

                                TABLE OF CONTENTS





PART I - FINANCIAL INFORMATION

     Item 1. - Financial Statements

          Balance Sheets -
             March 31, 2005 (Unaudited) and December 31, 2004 (Audited)        3

          Statements of Operations - (Unaudited)
             Three Months ended March 31, 2005 and 2004
                and from Date of Inception to March 31, 2005                   4

          Statements of Cash Flows - (Unaudited)
             Three Months ended March 31, 2005 and 2004
                and from Date of Inception to March 31, 2005                   5

          Notes to Consolidated Financial Statements                           6


     Item 2. - Management's Discussion and Analysis or Plan of
          Operations                                                          12

     Item 3. - Controls and Procedures                                        14

PART II - OTHER INFORMATION

     Item 6 - Exhibits and Reports on Form 8-K                                15

Signature                                                                     16
Certifications                                                             17-19



                                        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>
                                                                      March 31,              December 31,
                                                                        2005                      2004
                                                                  ----------------           ---------------
                                                                     (Unaudited)                (Audited)
ASSETS
     CURRENT ASSETS
<S>                                                               <C>                        <C>
         Cash                                                     $              0           $             0
                                                                  ----------------           ---------------

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

TOTAL ASSETS                                                      $              0           $             0
                                                                  ================           ===============


LIABILITIES & STOCKHOLDERS' (DEFICIT)
     CURRENT LIABILITIES
         Accounts payable and accrued liabilities                 $            195           $        10,993
         Payable - shareholders (Note 2)                                   112,045                    98,206
                                                                  ----------------           ---------------

                      TOTAL CURRENT LIABILITIES                            112,240                   109,199

STOCKHOLDERS' (DEFICIT)
     Common Stock (Note 3)
         $.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                                         (     1,963,787)            (   1,960,746)
                                                                  ----------------           ---------------

         TOTAL STOCKHOLDERS' (DEFICIT)                             (       112,240)            (     109,199)
                                                                  ----------------           ---------------

                                                                  $              0           $             0
                                                                  ================           ===============
</TABLE>


              The accompanying notes are an integral part of these
                          consolidated balance sheets.




                                        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             Date of Inception
                                                                    March 31,                      to March 31,
                                                           2005                  2004                  2005
                                                     ----------------      ---------------       ---------------
<S>                                                  <C>                   <C>                   <C>
SALES                                                $              0      $             0       $             0
                                                     ----------------      ---------------       ---------------

General and Administrative expenses
     Professional fees                                              0                4,122                86,744
     Consulting                                                     0                    0               289,466
     Traveling and business promotion                           1,104                  552                 3,316
     Office expenses                                                0                    0                 3,570
     General and administrative                                   292                  237               114,610
     Foreign exchange fluctuation                      (          302)       (         276)                  163
     Bank charges                                                  66                   70                   211
     Interest on loan                                           1,881                1,432                14,347
                                                     ----------------      ---------------       ---------------

Total general and administrative expenses                       3,041                6,137               512,427
                                                     ----------------      ---------------       ---------------

                           NET INCOME (LOSS)
                         BEFORE INCOME TAXES           (        3,041)       (       6,137)        (     512,427)
                                                     ----------------      ---------------       ---------------

     Discontinued operations - subsidiary
     (Note 4)                                                       0                    0         (   1,451,360)

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

                           NET INCOME (LOSS)         $ (        3,041)     $ (       6,137)      $ (   1,963,787)
                                                     ================      ===============       ===============


BASIC AND DILUTED INCOME (LOSS)
     PER SHARE (Note 6)
Net income (loss) per weighted average share
     Net operating loss                              $            .00      $           .00
     Discontinued operations                                      .00                  .00
                                                     ----------------      ---------------
                                                     $            .00      $           .00
                                                     ================      ===============

Weighted average number of common
     shares used to compute net income (loss)
     per weighted average share                            10,300,000           10,300,000
                                                     ================      ===============

</TABLE>

              The accompanying notes are an integral part of these
                            consolidated statements.


                                        4

<PAGE>




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

<TABLE>
<CAPTION>
                                                               Three Months Ended              Date of Inception
                                                                    March 31,                      to March 31,
                                                           2005                  2004                  2005
                                                     ----------------      ---------------       ---------------
OPERATING ACTIVITIES
<S>                                                  <C>        <C>        <C>       <C>         <C>   <C>
Net earnings (loss)                                  $ (        3,041)     $ (       6,137)      $ (   1,963,787)
Adjustment to reconcile net loss to net cash
   Provided (used) by operating activities
     Loss on investment                                             0                    0                34,845
     Investment credit                                              0                    0                21,554
     Depreciation                                                   0                    0               204,952
     Decrease in software development costs                         0                    0               172,682
     Stock issued for services                                      0                    0               290,190
                                                     ----------------      ---------------       ---------------
                                                       (        3,041)       (       6,137)        (   1,239,564)

Changes in receivables                                              0                    0                     0
Changes in payables                                    (       10,798)       (      10,409)                  195
                                                     ----------------      ---------------       ---------------

                NET CASH PROVIDED (REQUIRED)
                     BY OPERATING ACTIVITIES           (       13,839)       (      16,546)        (   1,239,369)
                                                     ----------------      ---------------       ---------------

INVESTING ACTIVITIES
     Acquisition of investments                                     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                  13,839               16,546               112,045
     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)
                                                     ----------------      ---------------       ---------------

                    NET CASH PROVIDED (USED)
                     BY FINANCING ACTIVITIES                   13,839               16,546             1,651,848
                                                     ----------------      ---------------       ---------------

                 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                                     $            466      $             0       $         7,117
        Income tax                                                  0                    0                     0

</TABLE>


        The accompanying notes are an integral part of these consolidated
                                  statements.
                                        5

<PAGE>




                 QUANTITATIVE METHODS CORPORATION AND SUBSIDIARY
                          (A Development Stage Company)

              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2005


NOTE 1:           ORGANIZATION AND SIGNIFICANT ACCOUNTING PRINCIPELS

         Basis of Presentation

         The accompanying unaudited consolidated financial statements have been
         prepared in accordance with generally accepted accounting principles in
         the United States of America for interim financial information and with
         the instructions to Form 10-QSB of Regulation S-B. Accordingly, they do
         not include all of the information and notes required by generally
         accepted accounting principles for a complete presentation of the
         financial statements. In the opinion of management, the unaudited
         interim financial statements furnished herein include all adjustments
         (consisting of a normal and recurring nature) necessary for a fair
         presentation of the Company's financial position at March 31, 2005
         (unaudited) and the results of its operations for the three months
         ended March 31, 2005 and 2004 (unaudited) and cash flows for the three
         months ended March 31, 2005 and 2004(unaudited). Interim financial
         statements are prepared on a basis consistent with the Company's annual
         financial statements. Results of operations for the three-month period
         ended March 31, 2005 are not necessarily indicative of the operating
         results that may be expected for the fiscal year ending December 31,
         2005.

         The consolidated balance sheet as of December 31, 2004 has been derived
         from the audited financial statements at that date but does not include
         all of the information and notes required by accounting principles
         generally accepted in the United States for complete financial
         statements.

         For further information, refer to the audited consolidated financial
         statements and notes thereto included in the Report on Form 10-KSB, for
         the year ended December 31, 2004.

         Nature of Operations and Continuance of Business

         Quantitative Methods Corporation, ("QTTM" or the "Company"), was
         incorporated under the laws of the State of Nevada on July 26, 1990.

         On January 8th, 1999, the Board of Directors of the Company entered
         into an agreement to acquire 100% ownership in Softguard Enterprises,
         Inc. ("Softguard"), incorporated on June 23, 1995, under the Canadian
         Business Corporations Act. 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.

         QTTM is a development stage company. The ability of the Company to
         emerge from the development stage with respect to its business plan is
         dependent upon its successful efforts to participate in one or more as
         yet unidentified business ventures.

         The Company has experienced significant operating losses since
         inception. In the absence of operating activities, the Company has
         relied on the forbearance of some creditors and funded itself through
         loans from directors.

                                        6

<PAGE>



                 QUANTITATIVE METHODS CORPORATION AND SUBSIDIARY
                          (A Development Stage Company)

        NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (continued)
                                 March 31, 2005


         Nature of Operations and Continuance of Business (continued)

         Management continues to devote most of its activities to the
         investigation and review of business opportunities. During the next
         twelve months, if management fails to locate a potential business
         candidate, management has indicated a willingness to continue to
         advance sufficient funds that would permit the Company to satisfy its
         reporting requirements and other obligations imposed on it as a public
         company. If profitable operations are not achieved through a potential
         merger or acquisition, additional equity or debt financing will be
         required to pursue the Company's business plan. These factors raise
         substantial doubt regarding the Company's ability to continue as a
         going concern

         Summary of Significant Accounting Policies

         Recently Issued Accounting Standards
         In December 2004, the Financial Accounting Standards Board (FASB)
         issued Statement of Financial Accounting Standard (SFAS) No. 123R,
         "Share Based Payment". SFAS 123R is a revision of SFAS No. 123
         "Accounting for Stock-Based Compensation", and supersedes APB Opinion
         No. 25, "Accounting for Stock Issued to Employees" and its related
         implementation guidance. SFAS 123R establishes standards for the
         accounting for transactions in which an entity exchanges its equity
         instruments for goods or services. It also addresses transactions in
         which an entity incurs liabilities in exchange for goods or services
         that are based on the fair value of the entity's equity instruments or
         that may be settled by the issuance of those equity instruments. SFAS
         123R focuses primarily on accounting for transactions in which an
         entity obtains employee services in share-based payment transactions.
         SFAS 123R does not change the accounting guidance for share-based
         payment transactions with parties other than employees provided in SFAS
         123 as originally issued and Emerging Issues Task Force Issue No.
         96-18, "Accounting for Equity Instruments That Are Issued to Other Than
         Employees for Acquiring, or in Conjunction with Selling, Goods or
         Services". SFAS 123R does not address the accounting for employee share
         ownership plans, which are subject to AICPA Statement of Position 93-6,
         "Employers' Accounting for Employee Stock Ownership Plans". SFAS 123R
         requires a public entity to measure the cost of employee services
         received in exchange for an award of equity instruments based on the
         grant-date fair value of the award (with limited exceptions). That cost
         will be recognized over the period during which an employee is required
         to provide service in exchange for the award - the requisite service
         period (usually the vesting period). SFAS 123R requires that the
         compensation cost relating to share-based payment transactions be
         recognized in financial statements. That cost will be measured based on
         the fair value of the equity or liability instruments issued. The scope
         of SFAS 123R includes a wide range of share-based compensation
         arrangements including share options, restricted share plans,
         performance-based awards, share appreciation rights, and employee share
         purchase plans. Public entities that file as small business issuers
         will be required to apply SFAS 123R in the first interim or annual
         reporting period that begins after December 15, 2005. The adoption of
         this standard is not expected to have a material effect on the
         Company's results of operations or financial position.


                                        7

<PAGE>



                 QUANTITATIVE METHODS CORPORATION AND SUBSIDIARY
                          (A Development Stage Company)

        NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (continued)
                                 March 31, 2005


         Summary of Significant Accounting Policies (continued)

         In December 2004, FASB issued SFAS No. 153, "Exchanges of Nonmonetary
         Assets - An Amendment of APB Opinion No. 29". The guidance in APB
         Opinion No. 29, "Accounting for Nonmonetary Transactions", is based on
         the principle that exchanges of nonmonetary assets should be measured
         based on the fair value of the assets exchanged. The guidance in that
         Opinion, however, included certain exceptions to that principle. SFAS
         No. 153 amends Opinion No. 29 to eliminate the exception for
         nonmonetary exchanges of similar productive assets and replaces it with
         a general exception for exchanges of nonmonetary assets that do not
         have commercial substance. A nonmonetary exchange has commercial
         substance if the future cash flows of the entity are expected to change
         significantly as a result of the exchange. The provisions of SFAS No.
         153 are effective for nonmonetary asset exchanges occurring in fiscal
         periods beginning after June 15, 2005. Early application is permitted
         and companies must apply the standard prospectively. The adoption of
         this standard is not expected to have a material effect on the
         Company's results of operations or financial position.

         Development Stage Company
         The Company currently has no operations and is considered to be a
         development stage company under the provision of  Statement of
         Financial Accounting Standard ("SFAS") No. 7, "Accounting and reporting
         by Development Stage Enterprises".

         Basis of Accounting
         The Company's unaudited consolidated financial statements are presented
         in Canadian dollars (except par value of common stock) and have been
         prepared in accordance with  generally accepted accounting
         principles ("GAAP") in the United States of America

         Principles of Consolidation
         The consolidated financial statements present the consolidation of
         the Company and the discontinued operations of its wholly owned
         subsidiary, Softguard Enterprises, Inc. All significant inter-company
         accounts and transactions have been eliminated.

         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 costs were
         $1,104 for the period ending March 31, 2005 and $3,316 since inception.

         Basic and Diluted Net Income (Loss) Per Share
         The Company computes net income (loss) per share in accordance with
         SFAS No. 128, "Earnings per Share" (SFAS 128). SFAS 128 requires dual
         presentation of both basic and diluted earnings per share (EPS) on the
         face of the income statement. Basic EPS is computed by dividing net
         income (loss) for the period available to common stockholders
         (numerator) by the weighted average number of common stock outstanding
         (denominator) during the period. The Company had no potential common
         stock instruments which would result in a diluted loss per share.


                                        8

<PAGE>



                 QUANTITATIVE METHODS CORPORATION AND SUBSIDIARY
                          (A Development Stage Company)

        NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (continued)
                                 March 31, 2005


         Summary of Significant Accounting Policies (continued)

         Cash and Cash Equivalents
         For financial statement purposes, all highly liquid instruments with a
         maturity of three months or less are considered to be cash equivalents.
         There are no cash equivalents as of March 31, 2005.

         Comprehensive Income (Loss)
         SFAS No. 130, "Reporting Comprehensive Income (Loss)," establishes
         standards for the reporting and display of comprehensive income (loss)
         and its components in the financial statements. The adoption of SFAS
         No. 130 had no significant impact on total shareholders' deficit as of
         March 31, 2005.

         Use of Estimates
         The preparation of financial statements in conformity with accounting
         principles generally accepted in the United States of America requires
         management to make estimates and assumptions that affect the reported
         amounts of assets and liabilities, disclosure of contingent assets and
         liabilities and the reported amounts of revenues and expenses at the
         date of the consolidated financial statements and accompanying notes.
         Management makes these estimates using the best information available
         at the time the estimates are made; however, actual results could
         differ from those estimates.

         Financial Instruments
         Fair value estimates discussed herein are based upon certain market
         assumptions and pertinent information available to management as of
         March 31, 2005. The respective carrying value of certain
         on-balance-sheet financial instruments approximated their fair values.
         These financial instruments include cash, bank loans, accounts payable,
         accrued liabilities, notes and amounts due to related parties. The fair
         values were assumed to approximate their carrying values due to the
         immediate or short-term maturity of these financial instruments.

         Income Taxes
         The Company follows Statement of Financial Accounting Standard No. 109,
         "Accounting for Income Taxes" ("SFAS No. 109") for recording the
         provision for income taxes. Under this method, deferred income tax
         assets and liabilities are computed based upon the difference between
         the financial and tax basis of assets and liabilities using the
         currently enacted tax rates and laws. Potential benefits of income tax
         losses are not recognized in the accounts until realization is more
         likely than not. The Company has adopted SFAS No. 109 as of its
         inception and has incurred net operating losses. Pursuant to SFAS 109
         the Company is required to compute tax asset benefits for net operating
         losses carried forward. Potential benefit of net operating losses have
         not been recognized in these consolidated financial statements because,
         in the opinion of management, it is more likely than not that some
         portion of its deferred tax assets will not be realized.

         Interest Rate Risk
         The Company is exposed to fluctuating interest rates.

         Reclassifications
         Certain reclassifications have been made to the prior year's
         consolidated financial statements to conform to the current period's
         presentation.


                                        9

<PAGE>



                 QUANTITATIVE METHODS CORPORATION AND SUBSIDIARY
                          (A Development Stage Company)

        NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (continued)
                                 March 31, 2005


         Summary of Significant Accounting Policies (continued)

         Revenue Recognition
         In December 2003, the United States Securities and Exchange Commission
         issued Staff Accounting Bulletin No. 104, "Revenue Recognition" (SAB
         104), which supersedes SAB 101, "Revenue Recognition in Financial
         Statements." The primary purpose of SAB 104 is to rescind accounting
         guidance contained in SAB 101 related to multiple element revenue
         arrangements, which was superseded as a result of the issuance of EITF
         00-21, "Accounting for Revenue Arrangements with Multiple
         Deliverables." While the wording of SAB 104 has changed to reflect the
         issuance of EITF 00-21, the revenue recognition principles of SAB 101
         remain largely unchanged by the issuance of SAB 104. The adoption of
         SAB 104 did not have a material impact on the Company's financial
         statements because it has not recognized any revenue to date.

         Translation of Foreign Currencies
         The  Company's  functional  currency is the Canadian  dollar.  Foreign
         currency transactions occasionally occur, and are primarily undertaken
         in Canadian  dollars.  Management  has adopted  SFAS No. 52,  "Foreign
         Currency  Translation".  Monetary  balance sheet items  denominated in
         foreign  currencies are translated  into Canadian  dollars at rates of
         exchange in effect at the balance  sheet date.  Average  rates for the
         year  are  used  to  translate   revenues  and   expenses.   Resulting
         translation  gains and losses are charged to  operations.  The Company
         has not,  to the  date of these  financial  statements,  entered  into
         derivative  instruments  to  offset  the  impact of  foreign  currency
         fluctuations.


NOTE 2:           RELATED-PARTY TRANSACTIONS

         At March 31, 2005, the Company was indebted to Helga Leuthe, a
         shareholder and director of the Company. The amount due to the related
         party is $112,045 (CDN). This amount bears interest at 6% per annum and
         repayment is expected as soon as the Company has sufficient funds.


NOTE 3:           COMMON STOCK

         The Company is authorized to issue 25,000,000 share of $.001 par value
         common stock. For the periods ending March 31, 2005 and  December 31,
         2004, the Company had 10,300,000 shares of common stock outstanding.


NOTE 4:           DISCONTINUED OPERATIONS

         Ownership of the Company's wholly owned subsidiary was distributed to
         the original shareholders of Softguard Enterprises Inc., effective
         December 31, 2002, following the adoption of a formal plan to abandon
         Softguard by the Board of Directors on December 30, 2002. This
         transaction was included in "discontinued operations" in the
         Consolidated Statements of Operations for 2002".

         Effective December 31, 2002, the Company abandoned its subsidiary.
         Losses from the subsidiary for 2002 were $91,968 (CDN). The
         subsidiary's liabilities exceeded its assets by $681,720 (CDN)
         resulting in a gain on discontinued operations of $589,752 (CDN). There
         were no income tax consequences other than to reduce the subsidiary's
         net loss carryforward.


                                       10

<PAGE>



                 QUANTITATIVE METHODS CORPORATION AND SUBSIDIARY
                          (A Development Stage Company)

        NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (continued)
                           December 31, 2004 and 2003


NOTE 5:           LOSS PER SHARE

         The following is a reconciliation of the numerators of the basic income
         (loss) per share for the periods ended March 31, 2005 and 2004.

<TABLE>
<CAPTION>
                                                       March 31, 2005            March 31, 2004
                                                     ------------------         ---------------
<S>                                                  <C>                        <C>
         Net income (loss) available to
              common stockholder                     $ (          3,041)        $  (      6,137)
         Weighted average shares:
              Outstanding all year                           10,300,000              10,300,000
                                                     ------------------         ---------------
         Basic income (loss) per share
              (based on weighted
              average shares)                        $              .00         $           .00
                                                     ==================         ===============
</TABLE>


NOTE 6:           GOING CONCERN

         The accompanying consolidated financial statements have been prepared
         assuming the Company will continue as a going concern. This
         contemplates the realization of assets and the liquidation of
         liabilities in the normal course of business. As shown in these
         consolidated financial statements, the Company has an accumulated
         deficit of $1,963,787 (CDN) from inception to March 31, 2005 and does
         not have significant cash or other material assets, nor does it have
         operations or a source of revenue sufficient to cover its operation
         costs and allow it to continue as a going concern. The future of the
         Company is dependent upon its ability to obtain financing and upon
         future profitable operations from the development of its new business
         opportunities.

         The Company's continuation as a going concern is dependent upon
         management to meet any costs and expenses incurred. Management realizes
         that this situation may continue until we complete a successful
         business transaction with a profitable business or raise additional
         working capital through equity financing.




                                       11

<PAGE>



ITEM 2. - Management's Discussion and Analysis or Plan of Operation.

Cautionary Statement Relating to Forward-Looking Statements
The matters discussed in this Form 10-QSB contain certain forward-looking
statements and information that involve risks and uncertainties (including
changing market conditions, competitive and regulatory matters, etc.) detailed
in the disclosure contained in this Form 10-QSB and the other filings with the
Securities and Exchange Commission relating to Quantitative Methods Corporation
("QTTM" or the "Company") from time to time. The discussion of the Company's
liquidity, capital resources and results of operations, including
forward-looking statements pertaining to such matters, does not take into
account the effects of any changes to the Company's operations. Accordingly,
actual results may vary materially from those described in this report as a
result of a number of factors, including those identified herein. The following
discussion and analysis should be read in conjunction with the financial
statements and notes thereto and other financial information contained elsewhere
in this report and Form 10-KSB for the year ended December 31, 2004.

Overview
Quantitative Methods Corporation was incorporated on July 26, 1990 under the
laws of the State of Nevada, to engage in potential business ventures,
including, but not limited to, selected mergers and acquisitions which would
provide an eventual profit for the Company.

In November 1995, the Company, in consideration of the issuance of 150,000
authorized but unissued shares, received $75,000 (USD) from Capital General
Corporation. The sales price $0.50 (USD) per share was arbitrarily decided upon
by both parties. After the completion of the stock purchase, Capital General
became the holder of approximately 49.6% of the outstanding shares of the
Company.

The Company had been in the development stage from inception until December
1998, and its operations had been limited to the aforementioned sale of shares
to Capital General Corporation and the gift of shares to the minority
shareholders. During this period, the Company had continued to search for
potential business opportunities, which might have involved the acquisition,
consolidation or reorganization of an existing business.

On January 8, 1999, the board of directors of QTTM entered into an Agreement
with Softguard Enterprises Inc. (ASoftguard@), 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. They determined that Softguard's original business plan could not be
executed and developed due to lack of operating  capital and failure to complete
the product design and development of the computer software technology.

In February 2005, the Company signed a letter of intent to purchase 100% of
Roadvision Technologies Inc. ("Roadvision"), a Canadian-based company that
develops and provides technology solutions in vehicle fleet operation
management. Roadvision is striving to become a world leader in innovative total
fleet operation micromanagement hardware and software solutions. The Company
expects to enter into this potential merger before the end of the next quarter.

The technology offered by Roadvision is an intelligent and user-friendly system.
The TripVision technology platform and products (hardware and software) provides
information to control costs, minimize risks and supports decision-making to
various operational departments, such as fleet managers, dispatchers,
accounting, and maintenance.


                                       12

<PAGE>



The TripVision suite of products includes the TM-2000; an onboard computer,
operating with Global Position System ("GPS") and software, providing on-board
processing and long-term data recording and recovery minimizing airtime data
transfer costs. TripVision is an advanced system compared to the standard GPS
technology because it provides data not only on the current position, but on the
entire trip. Other products and features include Fleet Management Tracking and
Graphics Mapping Software.

As of the date hereof, management has not made any final decision concerning or
entered into any binding written agreements for a business combination. When any
such agreement is reached or other material fact occurs, we will file notice of
such agreement or fact with the Securities and Exchange Commission ("SEC") on
Form 8-K.

Plan of Operation
QTTM's business strategy over the next twelve months is to pursue and, if
possible, to merge or acquire an operating business of an unidentified foreign
or domestic company which desires to become a reporting ("public") company,
and whose securities are trading in the United States secondary market.

The Company does not intend to do any product research and development nor does
it expect to purchase or sell any real estate, plant or equipment except as a
result of completing a business transaction. Similarly, QTTM does not expect to
make any significant changes in the number of employees with the exception of
completing a business transaction.

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.

Results of Operation
Since July 26, 1990 (inception) through January 8, 1999, the Company had limited
operational history and had not engaged in business of any kind. QTTM is a
development stage enterprise and has had no revenues to date and does not
anticipate having any until it completes a business combination. All risks
inherent in new and inexperienced enterprises were, and still are, inherent in
the Company's business.

QTTM's business activities from January 8, 1999 through December 31, 2002, were
that of its wholly owned subsidiary Softguard, a software development company
whose business plan was to research and develop technologies for use in the
field of information systems management and security. The acquisition of
Softguard proved unsuccessful due to the lack of working capital and to the
discontinuation of research and development. The working prototype of the
software product became obsolete and Softguard was abandoned on December 31,
2002.

For the three months ended March 31, 2005, the Company had no revenues and
incurred a net loss of $3,041 (CDN), as compared to a net loss of $6,137 (CDN)
for the corresponding period ended March 31, 2004.

Expenses in the first quarter of 2005 related primarily to advertising and
promotional fees, miscellaneous filing fees, general and administrative fees,
and interest expense for loan from shareholder.

Liquidity and Capital Resources
QTTM is a development stage company, and as of the date of this report, has had
no operations that generate revenue and has no cash reserves or liquid assets to
satisfy its cash requirements. The Company has an accumulated deficit of
$1,963,787 (CDN) and debts totaling $112,240 (CDN) to its director and officer
and to its trade vendors for costs advanced on their behalf. Until such time as
QTTM completes a merger or acquisition, the Company will continue to experience
a cash shortage. These matters raise substantial doubt about the Company's
ability to continue as a going concern. The Company's consolidated financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.

The Company's continued existence is dependent upon several factors; including
the ability to attain profitable


                                       13

<PAGE>



business operations and generate a positive cash flow by acquiring a viable
company. QTTM will only be able to pay its debts and meet operating expenses and
continue as a going concern by raising additional funds. QTTM is attempting to
raise additional capital either by debt or equity financing. The Company does
not have a firm commitment for such funding, and there can be no assurance that
the Company will be successful in its attempts to obtain such financing, or if
so on economically attractive terms. Consequently, if a merger or acquisition
proves unsuccessful the Company may decide to abandon its current business goals
and cease operations.

QTTM  has no  commitment  for any  capital  expenditures  as of the date of this
report. In the absence of operating  activities,  the Company will incur routine
fees and expenses  incident to its reporting duties as a public company.  QTTM's
cash  requirements  for the next  twelve  months  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  and other
expenses related to fulfilling the reporting  requirements and other obligations
incumbent on it as a public  company,  which should not exceed $12,000 (CDN) and
interest expense of approximately $7,000 (CDN). Other expenditures could include
costs related to the  investigation  and  completion of a merger or  acquisition
with one or more potential business candidates. At the present time, the Company
is relying on loans from shareholders to satisfy its reporting  requirements and
other   obligations  until the  completion  of  a  business combination.


ITEM 3.           Controls and Procedures.

Evaluation of the Company's Disclosure Controls
As of the end of the period covered by this report, the Company has evaluated
the effectiveness of the design and operation of its disclosure controls and
procedures ("disclosure controls"), and our internal controls and procedures for
financial reporting ("internal controls"). This evaluation (the "controls
evaluation") was done under the supervision and participation of the Company's
management, including its chief executive officer (the "CEO") and chief
financial officer (the "CFO") pursuant to SEC Rule 13a-15. Rules adopted by the
Securities and Exchange Commission require that in this section of the report
the Company present the conclusions of its CEO and CFO about the effectiveness
of the Company's disclosure controls and internal controls based on and as of
the date of the controls evaluation.

CEO and CFO Certifications
Appearing as exhibits 31.1 and 31.2 to this report are "Certifications" of the
CEO and CFO. The certifications are required pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002 (the "Section 302 Certifications"). This section of
this report contains information concerning the controls evaluation referred to
in the Section 302 Certifications and this information should be read in
conjunction with the Section 302 Certifications for a more complete
understanding of the topics presented.

Disclosure Controls
Disclosure controls are procedures that are designed with the objective of
ensuring that information required to be disclosed in the Company's reports
filed under the Securities Exchange Act, such as this report, is recorded,
processed, summarized and reported within the time periods specified in the
Securities and Exchange Commission's rules and forms. Disclosure controls are
also designed with the objective of ensuring that such information is
accumulated and communicated to the Company's management, including, without
limitation, the CEO and CFO, as appropriate to allow timely decisions regarding
required disclosure. Internal controls are procedures which are designed with
the objective of providing reasonable assurance that (1) our transactions are
properly authorized; (2) our assets are safeguarded against unauthorized or
improper use; and (3) our transactions are properly recorded and reported, all
to permit the preparation of the financial statements in conformity with
generally accepted accounting principles.


                                       14

<PAGE>



Limitations on the Effectiveness of Controls
The Company's management, including, without limitation, the CEO and CFO, does
not expect that the Company's disclosure controls or internal controls will
prevent all error and fraud. A control system no matter how well conceived and
operated can provide only reasonable, not absolute, assurance that the
objectives of the control system are met. Further, the design of a control
system must reflect the fact that there are resource constraints and the
benefits of controls must be considered relative to their costs. Because of the
inherent limitations of all control systems, no evaluation of controls can
provide absolute assurance that all control issues and instances of fraud, if
any, within the Company have been detected.

Scope of Controls Evaluation
The CEO/CFO evaluation of the Company's disclosure controls and internal
controls included a review of the controls' objective and design, the controls'
implementation by the Company and the effect of the controls on the information
generated for use in this report. In the course of the controls evaluation,
management sought to identify data errors, controls problems or acts of fraud
and to confirm that appropriate corrective action, including process
improvements, was being undertaken. This type of evaluation will be done on a
quarterly basis so that the conclusions concerning controls effectiveness can be
reported in the Company's quarterly reports on Form 10-QSB and annual report on
Form 10-KSB. The overall goals of these various review and evaluation activities
are to monitor the Company's disclosure controls and internal controls and to
make modifications, as necessary. In this regard, the Company's intent is that
the disclosure controls and internal controls will be maintained as dynamic
controls systems that change (including improvements and corrections) as
conditions warrant.

Conclusions
Based upon the controls evaluation, the Company's CEO and CFO have concluded
that, as of the end of the period covered by this report, the Company's
disclosure controls are effective to provide reasonable assurance that
information required to be disclosed in the Company's reports filed under the
Securities Exchange Act such as this report, is recorded, processed, summarized
and reported within the time periods specified in the Securities and Exchange
Commission's rules and forms.

There has been no change in the Company's internal controls over financial
reporting during the fiscal quarter ended March 31, 2005, that has materially
affected, or is reasonably likely to materially affect, the Company's internal
controls over financial reporting.


ITEM 6.           Exhibits and Reports on Form 8-K.

         (a)      Exhibits.
                  The following exhibits are filed with this report:

               31.1 Certification of the Chief Executive Officer of Quantitative
               Methods Corporation pursuant to Section 302 of the Sarbanes-Oxley
               Act of 2002.

               31.2 Certification of the Chief Financial Officer of Quantitative
               Methods Corporation pursuant to Section 302 of the Sarbanes-Oxley
               Act of 2002.

               31.1  Certification  of the  Chief  Executive  Officer  and Chief
               Financial Officer of Quantitative Methods Corporation pursuant to
               18 U.S.C.  SECTION 1350 as adopted pursuant to Section 906 of the
               Sarbanes-Oxley Act of 2002.



                                       15

<PAGE>



(b)      Reports on Form 8-K.
                  The following report on Form 8-K was filed during the quarter:

                  On February 25th 2005, the Company reported Mr. Bernard
                  Bousseau resigned and Pierre C. Miron was appointed as
                  President and Director of Quantitative Methods Corporation.


                                   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:  May 10, 2005       By: /s/ Pierre C. Miron
                               --------------------------------------------
                               PIERRE C. MIRON, President and Director
                               (as principal executive officer)


                           By: /s/ Helga Leuthe
                               --------------------------------------------
                               HELGA LEUTHE, Secretary/Treasurer
                               (as principal financial and accounting officer)





                                       16

<PAGE>




EXHIBIT 31.1

                               CEO CERTIFICATION

I, Pierre C. MIRON, 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)} and
     internal control over financial reporting {as defined in Exchange Act Rules
     13a-15(f) and 15d-15(f)} 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)   Designed such internal  control over  financial  reporting,  or caused
          such internal  control over  financial  reporting to be designed under
          our  supervision,   to  provide  reasonable  assurance  regarding  the
          reliability  of financial  reporting and the  preparation of financial
          statements  for external  purposes in  accordance  with  generally
          accepted accounting principles;

     c)   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

     d)   Disclosed  in this  report  any change in the smal  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:  May 10, 2005


/s/ Pierre C. Miron
Director and President



                                       17

<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)} and
     internal control over financial reporting {as defined in Exchange Act Rules
     13a-15(f) and 15d-15(f)} 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)   Designed such internal  control over  financial  reporting,  or caused
          such internal  control over  financial  reporting to be designed under
          our  supervision,   to  provide  reasonable  assurance  regarding  the
          reliability  of financial  reporting and the  preparation of financial
          statements  for external  purposes in  accordance  with  generally
          accepted accounting principles;

     c)   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

     d)   Disclosed  in this  report  any change in the smal  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:  May 10, 2005



/s/ Helga Leuthe
Director and Secretary/Treasurer


                                       18

<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 10-QSB of Quantitative Methods
Corporation (the "Company") for the fiscal quarter ended March 31, 2005 as filed
with the Securities and Exchange Commission on the date hereof (the "Report"),
the undersigned Pierre C. Miron, 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: May 10, 2005


/s/ Pierre C. Miron
Pierre C. Miron, President and Director


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





                                       19