<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)
[X]         QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
            EXCHANGE ACT OF 1934

            For the quarterly period ended September 30, 1999

[ ]         TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

            For the transition period from ______________ to ______________

Commission file number: 0-21241

                                Enter Tech Corp.
        -----------------------------------------------------------------
        (Exact Name of Small Business Issuer as Specified in Its Charter)

           Nevada                                             84-1349553
---------------------------------                        -------------------
  (State or Other Jurisdiction                            (I.R.S. Employer
of Incorporation or Organization)                        Identification No.)

                  430 East 6th Street, Loveland, Colorado 80537
                  ---------------------------------------------
                    (Address of Principal Executive Offices)

                                 (970) 669-5292
                ------------------------------------------------
                (Issuer's Telephone Number, Including Area Code)


Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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. Yes [X]        No [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: On November 18, 1999, the issuer had
3,650,000 shares of common stock outstanding.

Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]


<PAGE>   2

                                      INDEX

<TABLE>
<CAPTION>
                                                                           Page
                                                                          Number
                                                                          ------
<S>                                                                        <C>
Part I.   Financial Information

            Item 1.   Financial Statements

               Balance Sheets as of September 30, 1999
                 (Unaudited) and December 31, 1998                          3

               Statements of Operations, Three Months
                 Ended September 30, 1999 and September 30, 1998
                 (Unaudited)                                                4

              Statements of Operations, Nine Months
                 Ended September 30, 1999 and September 30, 1998
                 (Unaudited)                                                5

               Statements of Cash Flows, Nine Months
                 Ended September 30, 1999 and September 30, 1998
                 (Unaudited)                                                6

               Notes to Financial Statements                                7

            Item 2.   Plan of Operation                                    10

Part II.  Other Information

            Item 1. Legal Proceedings.                                     15
            Item 2. Changes in Securities.                                 15
            Item 3. Defaults Upon Senior Securities.                       15
            Item 4. Submission of Matters to a Vote of Security Holders.   16
            Item 5. Other Information.                                     16
            Item 6. Exhibits and Reports on Form 8-K.                      16
</TABLE>



                                        2

<PAGE>   3

                        PART I ---- FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                                ENTER TECH CORP.
                                 BALANCE SHEETS
                                   (Unaudited)

                                     ASSETS

<TABLE>
<CAPTION>
                                                           September 30   December 31
                                                              1999           1998
<S>                                                         <C>            <C>
Current Assets
 Cash                                                       $      --      $      --
                                                            ---------      ---------
  Total Current Assets                                             --             --

Equipment                                                       5,092             --
License and other intangible assets,
 net of valuation allowance of $227,943                            --             --
                                                            ---------      ---------
  Total Assets                                              $   5,092      $      --
                                                            =========      =========

            LIABILITIES AND STOCKHOLDERS' (DEFICIT)

Current Liabilities:
     Accounts payable                                       $  17,030      $   1,125
     Customer deposits                                         60,000         60,000
     Payable, related parties                                 271,270         72,724
                                                            ---------      ---------
  Total Current Liabilities                                   348,300        133,849
                                                            ---------      ---------

Stockholders' (Deficit):
     Preferred Stock, $.0001 par value,
          5,000,000 shares authorized
          none issued and outstanding                              --             --
     Common Stock, $.0001 par value,
          100,000,000 shares authorized
          3,650,000 shares issued and
          outstanding                                             365            365
     Additional paid-in capital                               219,638        219,638
     Accumulated deficit                                     (563,211)      (353,852)
                                                            ---------      ---------
Total Stockholders' (Deficit)                                (343,208)      (133,849)
                                                            ---------      ---------

Total Liabilities and
      Stockholders' (Deficit)                               $   5,092      $      --
                                                            =========      =========
</TABLE>


The accompanying notes are an integral part of the financial statements.



                                        3

<PAGE>   4

                                ENTER TECH CORP.
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                           Three Months     Three Months
                                              Ended            Ended
                                          September 30,     September 30,
                                              1999             1998
<S>                                        <C>              <C>
Revenues                                   $        --      $        --
                                           -----------      -----------

Operating Expenses:
     Management fees                                --           22,500
     Supplies                                      448            1,962
     Professional fees                          59,906           33,408
     Rent                                        1,850            6,258
     Travel                                      1,216            2,765
     Telephone                                   1,815            2,103
     Other                                      12,378               --
     Write down of carrying value
      of Technology and License
      Agreement                                     --          210,000
                                           -----------      -----------
       Total Operating Expenses                 77,613          278,996
                                           -----------      -----------

Net Loss                                   $   (77,613)     $  (278,996)
                                           ===========      ===========

Per Share                                  $      (.03)     $      (.08)
                                           ===========      ===========

Weighted Average Number
 of Shares Outstanding                       3,650,000        3,650,000
                                           ===========      ===========
</TABLE>


The accompanying notes are an integral part of the financial statements.



                                        4

<PAGE>   5

                                ENTER TECH CORP.
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                            Nine Months     Nine Months
                                              Ended            Ended
                                           September 30,   September 30,
                                              1999             1998
<S>                                        <C>              <C>
Revenues                                   $        --      $        --
                                           -----------      -----------

Operating Expenses:
     Management fees                                --           30,000
     Supplies                                    1,647            2,794
     Professional fees                         139,256           54,270
     Rent                                        8,900           10,245
     Travel                                     14,882            5,884
     Telephone                                   5,333            3,940
     Sales promotion                            20,500               --
     Other                                      18,841               --
     Write down of carrying value
      of Technology and License
      Agreement                                     --          227,943
                                           -----------      -----------
       Total Operating Expenses                209,359          335,076
                                           -----------      -----------

Net Loss                                   $  (209,359)     $  (335,076)
                                           ===========      ===========

Per Share                                  $      (.06)     $      (.09)
                                           ===========      ===========

Weighted Average Number
 of Shares Outstanding                       3,650,000        3,650,000
                                           ===========      ===========
</TABLE>

The accompanying notes are an integral part of the financial statements.



                                        5

<PAGE>   6

                                ENTER TECH CORP.
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                           Nine Months    Nine Months
                                              Ended         Ended
                                           September 30,  September 30,
                                               1999          1998
<S>                                         <C>            <C>
Cash Flows Operating Activities:
     Net (loss)                             $(209,359)     $(335,076)
     Decrease in other current asset               --            500
     Stock issued for services                     --          7,500
     Increase in customer deposits                 --         60,000
     Increase in accounts payable              15,905          1,500
     Other                                         --          2,000
                                            ---------      ---------
  Net Cash (Used in) Operating
   Activities                                (193,454)      (263,576)
                                            ---------      ---------

Cash Flows from Investing
 Activities:
     (Investment) in equipment                 (5,092)            --
                                            ---------      ---------
  Net Cash (Used in) Investing
   Activities                                  (5,092)            --
                                            ---------      ---------

Cash Flows from Financing
 Activities:
   Common stock issued and
    additional paid-in capital                     --        220,003
   Increase in payable, related
    parties                                   198,546         38,573
                                            ---------      ---------
  Net Cash Provided by Financing
   Activities                                 198,546        258,576
                                            ---------      ---------

(Decrease) in Cash                                 --         (5,000)
                                            ---------      ---------

Cash, Beginning of Period                          --          5,000
                                            =========      =========

Cash, End of Period                         $      --      $      --
                                            =========      =========

Interest Paid                               $      --      $      --
                                            =========      =========
Income Taxes Paid                           $      --      $      --
                                            =========      =========
</TABLE>


The accompanying notes are an integral part of the financial statements.



                                        6

<PAGE>   7

                                ENTER TECH CORP.
                          NOTES TO FINANCIAL STATEMENTS
                         September 30, 1999 (Unaudited)

(1)  Condensed Financial Statements

The financial statements included herein have been prepared by Enter Tech Corp.
without audit, pursuant to the rules and regulations of the Securities and
Exchange Commission. Certain information and footnote disclosures normally
included in the financial statements prepared in accordance with generally
accepted accounting principles have been condensed or omitted as allowed by such
rules and regulations, and Enter Tech Corp. believes that the disclosures are
adequate to make the information presented not misleading. It is suggested that
these financial statements be read in conjunction with the December 31, 1998
audited financial statements and the accompanying notes thereto.

While management believes the procedures followed in preparing these financial
statements are reasonable, the accuracy of the amounts are in some respect's
dependent upon the facts that will exist, and procedures that will be
accomplished by Enter Tech Corp. later in the year.

The management of Enter Tech Corp. believes that the accompanying unaudited
condensed financial statements contain all adjustments (including normal
recurring adjustments) necessary to present fairly the operations and cash flows
for the periods presented.

(2)         Business Combination

On June 2, 1998, Enter Tech Corp. (Company), (formerly Walnut Capital, Inc.)
completed a business combination with Links, Ltd., a development stage company.
Pursuant to the business combination, 3,235,000 shares of the Company's common
stock were issued for 100% of the issued and outstanding stock of Links, Ltd.
Since the controlling shareholders of Links, Ltd. owned over a majority of the
common stock of the Company, a controlling interest in the Company, the
transaction was accounted for as a reverse acquisition whereby, the equity
accounts of Links, Ltd. were carried over into the accompanying financial
statements. Links, Ltd. was incorporated on August 18, 1997.

(3)         License and Other Intangible Assets

The former parent company of Links, Ltd. acquired certain technology and license
rights from an unrelated third party for $227,943. These intangible assets were
contributed to Links, Ltd. Management of the Company reviewed the intangible
assets for impairment and provided a valuation allowance for the total $227,943.

(4)         Allocated Expenses

Links, Ltd. was charged with various operating expenses allocated from its
former parent company. The expenses were recorded in the Statement of Operations
and shown as additional paid-in capital.



                                        7

<PAGE>   8

                                ENTER TECH CORP.
                          NOTES TO FINANCIAL STATEMENTS
                         September 30, 1999 (Unaudited)

(5)         Payable, Related Party

During the year ended December 31, 1998, the Company incurred $30,000 of
management fees payable to a related party. Related party payables totaled
$72,724 at December 31, 1998.

(6)         Consulting Agreement

Effective July 1, 1998, the Company entered into a one year contract with the
Vice President of the Company, which would require this individual to provide
consulting services for fees of $500 per month and 750,000 shares of stock to be
issued pursuant to a Form S-8 Registration Statement. This individual has never
become an officer of the Company, and the Company has paid no compensation to
this individual to date and has not issued the shares of stock. The December 31,
1998 financial statements include an accrual of $10,000 related to services
performed by this individual.

Effective January 1, 1999, the Company entered into an agreement with a
consultant to assist in completing a private placement or secondary offerings in
the amount of $5,000,000 for the purpose of adding capital for the Company, and
other consulting services. The consultant is to be paid $5,000 per month and
200,000 restricted shares of common stock per year. The agreement expires on
December 31, 2001.

Effective January 5, 1999, the Company entered into an agreement with a
consultant to attempt to build revenues of the Company and assist in the
development of the Company's product. The consultant is to be paid $5,000 per
month plus expenses. The term is for two years, expiring December 31, 2001, with
an option to renew for two additional years.

Effective August 25, 1999, the Company entered into an agreement with a
consultant to provide advice on any and all matters relating to the business of
the Company. The consultant is to be paid an hourly rate for services and 1,000
shares of Company common stock for every hour worked hereunder. At September 30,
1999, no stock had been issued related to this agreement. The consultant has
been paid a non-refundable retainer of $7,000 which has been expensed on the
financial statements.

(7)         Marketing and Administration of Sales Agreement

The Company has entered into an agreement with a former director of the Company
for the marketing and administration of sales through certain identified
locations and the division of profits after the director has recovered related
costs. The company currently has orders for the purchase of thirty units at
$50,000 per unit from the director. The Company received $60,000 of deposits
related to these orders.



                                        8

<PAGE>   9

                                ENTER TECH CORP.
                          NOTES TO FINANCIAL STATEMENTS
                         September 30, 1999 (Unaudited)

(8)         Related Party Transactions

From inception until June 2, 1998, the Company had maintained its office in
space provided by its former President at no charge. After the business
combination, the Company moved its office to Loveland, Colorado. The Company
currently pays $1,450 per month for this space.

(9)   Transfer of Shares in an Unregistered Transaction

See description of unregistered transaction in the narrative disclosure in Part
2, Item 2 of this Form 10-QSB.



                                        9

<PAGE>   10

ITEM 2. PLAN OF OPERATION.

            DISCLOSURE REGARDING FORWARD LOOKING STATEMENTS

            The following discussion of our plan of operation should be read
together with the financial statements and the related notes included in another
part of this report and which are deemed to be incorporated into this section.
This discussion contains forward looking statements that involve risks and
uncertainties. Our actual results may differ materially from those anticipated
in those forward looking statements. All statements, other than statements of
historical facts, included in this report that address activities, events or
developments that we expect, believe or anticipate will or may occur in the
future, including the following matters are forward looking statements:

                 o       future capital costs of research and development,
                 o       the size of various markets,
                 o       market share,
                 o       project margins,
                 o       repayment of debt,
                 o       business strategies, and
                 o       expansion and growth of our operations.

These statements are based on assumptions and analyses made by us in light of
our experience and our perception of:

                 o       historical trends,
                 o       current conditions,
                 o       expected future developments, and
                 o       other factors we believe are appropriate in the
                         circumstances.

Those statements are affected by a number of assumptions including:

                 o       risks and uncertainties,
                 o       general economic and business conditions,
                 o       the business opportunities that may be presented to
                         and pursued by us,
                 o       changes in laws or regulations and other factors, many
                         of which are beyond our control, and
                 o       availability to obtain project financing on favorable
                         conditions.

You are cautioned that any forward-looking statements are not guarantees of
future performance and that actual results or developments may differ materially
from those projected in the forward-looking statements.



                                       10

<PAGE>   11

            OVERVIEW

            We were organized in Nevada on July 1, 1996. We have been a
development stage company since our inception, and we have not earned any
revenues from operations since our inception. We completed a merger with Links,
Ltd. on June 2, 1998 in which we were the surviving corporation. Links, Ltd.,
which was a wholly owned subsidiary of Mach One Corporation, was a development
stage company at the time of the merger. Links, Ltd. had not earned any revenues
from operations since its inception on August 18, 1997. Links, Ltd. was
incorporated for the purpose of developing kiosks, or vending machines, through
which it planned to market computer software, music and possibly digital video
products. We adopted Links, Ltd.'s plan of operation to develop those kiosks as
our plan of operation immediately after the merger.

            DESCRIPTION OF OUR CURRENT PLAN OF OPERATION

            Our current plan of operation involves developing a kiosk vending
machine and seeking merger candidates conducting businesses related to
e-commerce.

            KIOSK

            Our plan of operation for the next 12 months involves developing a
kiosk vending machine. As conceived, each kiosk vending machine would have
software, music and eventually digital video stored on disks or hard drives.
Potential customers would place an order into the machine to purchase software,
music and eventually digital television from a menu, triggering the machine to
imprint the product on a compact disk. As conceived, the CD imprint time is
expected to take approximately 3 to 4 minutes, at which time the CD would be
ejected from the kiosk to the waiting customer. Purchases would be made by use
of credit cards or so-called smart cards read by the kiosk. As conceived, each
kiosk would be linked by telephone line and computer modem to our administrative
offices. As conceived, that connection would permit us to:

            o      monitor and perform analyses on the kiosks,
            o      add and subtract software and music selections from the
                   kiosks, and
            o      eventually add and subtract digital television selections
                   from the kiosks.

Further the telephone and computer modem would permit confirmation of credit
card and smart card purchases.

            We have not, as of November 18, 1999, developed a kiosk that may be
produced and sold to the public. Links, Ltd. had, through outside vendors and
some in-house expertise, constructed a prototype of a proposed kiosk at the time
of the merger transaction with us. That prototype became obsolete and may not be
mass produced on terms commercially favorable to us. Since



                                       11

<PAGE>   12

that time our concept for a prototype underwent further refinement and
modification. During 1998, we had an outside vendor/engineering firm located in
Broomfield, Colorado develop a case with a touch screen for the prototype of the
kiosk. That case did not have any components or internal software, and was not a
functional kiosk. We planned to purchase that case from that vendor before we
began producing the kiosks.

            During 1998 and 1999, we hired another vendor/engineering firm to
design plans for the components and software to be used in the kiosks. That firm
developed a design for the kiosk, but did not purchase any components to
construct a prototype of the kiosk. That design for the kiosk has not been
tested. The technology that was used in the case with the touch screen and the
technology upon which the designs for the kiosk was based has become obsolete.
We therefore do not currently have a prototype of a kiosk that may be mass
produced on terms commercially favorable to us.

            We will need to construct an entirely new prototype of the kiosk
based on our concept for the kiosk. That prototype must be tested before we are
able, if at all, to mass produce the kiosks. We will not be able to begin
construction of a prototype of a kiosk during the next 12 months unless we are
able to raise funds or form a joint venture with a third party to construct the
prototype of the kiosk. We have in the past used software and hardware developed
by third parties to construct prototypes of the kiosks. We anticipate that any
future prototypes of the kiosk that we may construct, of which there is not any
assurance, will be made with software and hardware developed by third parties.

            There is no assurance that the kiosks will function as planned, if
we are able to develop the kiosks, or be manufactured at a unit cost
commercially favorable to us. All of these factors will bear on our ability to
generate revenues from sales, if any, of the kiosks.

            MERGERS AND ACQUISITIONS

            Our plan of operation for the next 12 months involves seeking merger
candidates conducting businesses related to e-commerce. We have not established
a specific level of earnings or assets below which we would not consider a
merger or acquisition with a target company. Moreover, we may identify a target
company which has in the past, is now, or which may in the future generate
losses. A merger transaction between us and a company that possesses less than
ideal financial characteristics could have a material adverse effect on the
price of our common stock.

            We plan to identify any number of merger candidates that may be
brought to our attention through our present associations. We will evaluate the
candidates using broad criteria. We expect that negotiations with a target
company will focus on the percentage of our common stock, as computed following
a merger or acquisition, that the target company's stockholders would receive
for their share holdings in the target company. Depending upon, among other



                                       12

<PAGE>   13

things, the target company's assets and liabilities, our stockholders will in
all likelihood experience dilution in their interest in us following any merger
or acquisition.

            As of November 18, 1999, we were in discussions with one merger
candidate, Shopping Mall Online, Inc. On October 1, 1999, we entered into a
non-binding letter of intent with Shopping Mall Online. The parties to that
agreement anticipate that we will acquire eighty percent of the outstanding
common stock of Shopping Mall Online in exchange for 2,050,000 shares of our
common stock. We are currently performing our due diligence with respect to that
letter of intent, and, as of November 18, 1999, we had not entered into any
definitive agreements with Shopping Mall Online. There is not any assurance that
we will consummate that transaction.

            Shopping Mall Online has informed us that it is developing a concept
for an Internet shopping mall and related e-commerce technology. We anticipate
that, if the transaction with Shopping Mall Online is consummated, we will
launch the Internet shopping mall in 2000. We believe that our proposed
acquisition of Shopping Mall Online will enable us to offer various retailers
with e-commerce solutions and Internet marketing capabilities related to the
sale of products typically sold through land based stores. There is not any
assurance, however, that our beliefs will prove to be correct.

            Shopping Mall Online is a private company principally owned by
Robert Pratt. Mr. Pratt is also the principal owner of Integrity Capital, Inc.
Integrity Capital provides investor relation services to us including, but not
limited to:

            o     posting information about us on their Web site;
            o     contacting broker-dealers to discuss our plan of operation;
            o     assisting us with our press releases; and
            o     introducing us to accredited and institutional investors for
                  our financing activities.

            LIQUIDITY

            As of November 18, 1999, we had a cash balance of $0. Our capital
requirements to conduct our plan of operation as described in this report are
significant. We plan to attempt to satisfy our capital requirements for the next
12 months by selling our securities and obtaining financing from third parties.
There is not any assurance that we will be able to obtain those funds or obtain
the required capital on terms favorable to us. We also may form joint ventures
with third parties to conduct our plan of operation relating to the kiosk.

            COMPETITION

            The area of business in which we intend to engage in connection with
the kiosk is crowded with many vendors and marketers, ranging from small to some
of the largest retail companies. There can be no guarantee that we will be able
to successfully market any kiosk we may develop or become profitable with that
line of business.



                                       13

<PAGE>   14

            We are an insignificant participant among the firms that engage in
mergers with, and acquisitions of, privately financed entities. There are many
established venture capital and financial concerns which have significantly
greater financial and personnel resources and technical expertise than we do.
The financial resources and management available to us are limited, and
therefore we may experience certain competitive disadvantages compared to our
competitors. There is no assurance that such disadvantages, if experienced, will
not prevent or substantially delay us in achieving a merger or acquisition.

            WE MAY BE ADVERSELY AFFECTED BY THE TRANSFER OF SHARES OF OUR COMMON
            STOCK IN AN UNREGISTERED TRANSACTION

            We issued a stock certificate representing 3,235,000 shares of our
common stock to Mach One as part of the merger transaction with Links, Ltd. That
certificate had a restrictive legend providing that the shares represented by
that certificate were "restricted securities" as that term is defined under Rule
144 of the Securities Act of 1933. Those restricted securities could only be
sold by Mach One Corporation by a registration statement under the Securities
Act or under another exemption under the Securities Act.

            In October 1998, we and our transfer agent permitted Mach One
Corporation to transfer 835,000 shares of our common stock represented by the
stock certificate to seven persons. The stock certificates received by those
seven persons should have contained a restrictive legend similar to the
restrictive legend on the stock certificate held by Mach One because the
transfer of the 835,000 shares of common stock was not made in a registered
transaction under the Securities Act. Those seven persons, however, received
certificates without restrictive legends. Some of those persons have
subsequently transferred some of their shares of our common stock to other
persons in unregistered transactions.

            As of November 18, 1999, we had entered into agreements with some of
our stockholders to whom the 835,000 shares were transferred that will require
those stockholders to surrender the stock certificates without restrictive
legends that they hold in exchange for stock certificates with restrictive
legends. Those agreements apply to 595,966 shares of the 835,000 shares of our
common that were previously issued without a restrictive legend. A certificate
representing 286,500 of such shares has been exchanged for a certificate with a
restrictive legend. We currently are in the process of obtaining the other stock
certificates issued without restrictive legends and exchanging those
certificates with certificates with restrictive legends. We are taking whatever
actions are necessary to attempt to exchange all of the stock certificates
without restrictive legends representing the 835,000 shares of our common stock
with stock certificates with restrictive legends.

            As of November 18, 1999, 3,650,000 shares of our common stock were
issued and outstanding. Our transfer agent's records as of that date provide
that 2,686,500 shares of our outstanding common stock are "restricted
securities" as that term is defined under Rule 144 of the Securities Act.
However, that amount includes only 286,500 shares of the previously discussed
835,000 shares of our common stock that should be classified as "restricted
securities."

            Our financial condition and plan of operations will be adversely
affected if any claims or actions are brought against us by the SEC, the NASD or
other persons concerning the transfer of



                                       14
<PAGE>   15

the 835,000 shares of our common stock in an unregistered transaction. As of
November 18, 1999, no claims or actions had been brought against us concerning
that matter. We currently are evaluating what further actions we may take with
respect to this matter.

            YEAR 2000 READINESS DISCLOSURE

            Computer programs or other embedded technology that have been
written using two digits, rather than four, to define the applicable year and
that have time-sensitive logic may recognize a date using "00" as the year 1900
rather than the year 2000, which could result in widespread miscalculations or
system failures. Both information technology systems and non-IT systems may be
affected by the Year 2000. We do not use any proprietary computer software
programs or proprietary operating systems, but use commercially available
computer programs such as Microsoft Word and Microsoft's Windows NT operating
system. We believe that those products are Year 2000 compliant, but we have not
confirmed that information with Microsoft whether those products are Year 2000
compliant.

            We have completed our assessment of the Year 2000 issue and
currently believe that we will not incur any material costs associated with the
Year 2000 issue. We have not automated many of our operations with IT systems
and non-IT systems because of our current size, and presently believe that our
existing computer systems, computer software, non-IT equipment will not need to
be upgraded to mitigate the Year 2000 issues. We have not incurred any costs
associated with our assessment of the Year 2000 problem.

            We do not have a contingency plan concerning the Year 2000 problem
as we believe it is unnecessary. If we are unable to address any Year 2000
issues in a timely manner, it could result in a material financial risk to us,
including loss of revenue and substantial unanticipated costs. Accordingly, we
plan to devote all resources required to resolve any significant Year 2000
issues in a timely manner.

                         PART II ---- OTHER INFORMATION

 ITEM 1. LEGAL PROCEEDINGS.

            None.

ITEM 2. CHANGES IN SECURITIES.

            None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

            None.



                                       15
<PAGE>   16

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

            Effective July 28, 1999, our majority stockholder, Mach One, took
action by written consent without holding a meeting to elect our board of
directors and to make changes to our bylaws concerning the number of directors
that our stockholders may elect. The following persons were elected as our
directors by that written consent:

            o            Sam Lindsey,
            o            David Matus, and
            o            Cliff Pettee.

ITEM 5. OTHER INFORMATION.

            None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

            (a)    Exhibits

                   Exhibit No.        Description

                   27.1               Financial Date Schedule.   Filed herewith.

            (b)    Form 8-Ks

            We filed one Current Report on Form 8-K during the quarter ended
September 30, 1999. We filed a Form 8-K reporting an event dated July 30, 1999
concerning the resignation of certain directors and officers of ours, and the
appointment of our current officers and directors.



                                       16

<PAGE>   17

                                   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.


Dated: November 19, 1999                         ENTER TECH CORP.


                                                 By: /s/ Sam Lindsey
                                                    ----------------------------
                                                     Sam Lindsey, President and
                                                     Chief Financial Officer



                                       17

<PAGE>   18


                               INDEX TO EXHIBITS


Exhibit No.        Description
----------         -----------
   27.1            Financial Date Schedule.   Filed herewith.