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

                                   FORM 10-QSB

[X]      Quarterly Report pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934

         For the quarterly period ended December 31, 2003

[ ]      Transition Report pursuant to 13 or 15(d) of the Securities Exchange
         Act of 1934  For the transition period              to
                                                -------------  -----------------


                         Commission File Number 0-12993
                                                -------

                                TELS CORPORATION
               --------------------------------------------------
        (Exact name of small Business Issuer as specified in its charter)

         Utah                                          87-0373840
-------------------------------            ---------------------------------
(State or other jurisdiction of            (IRS Employer Identification No.)
incorporation or organization)


2459 Washington Drive, Suite 104
Eagan, MN                                                      55121
---------------------------------------                      ---------
(Address of principal executive offices)                     (Zip Code)

Issuer's telephone number, including area code:              (651) 681-8408

                                 Former Address:
                       1750 Yankee Doodle Road, Suite 202
                                 Eagan, MN 55121
      --------------------------------------------------------------------
             (Former name, former address and former fiscal period,
                         if changed since last report)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Securities  Exchange  Act of 1934  during the  preceding  12
months (or for such  shorter  period  that the issuer was  required to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days [X] Yes [ ] No

State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest  practicable date:  23,337,952 shares of $0.02 par value
common stock outstanding as of December 31, 2003.


                                        1

<PAGE>

PART I FINANCIAL INFORMATION

Item 1. Financial Statements

Consolidated Balance Sheet as of December 31, 2003 (unaudited)

Consolidated Statement of Operations for the Three Months ended
December 31, 2003 and 2002 (unaudited)

Consolidated Statement of Cash Flows for the Three Months Ended
December 31, 2003 (unaudited)

Notes to Consolidated Financial Statements (unaudited)

                                       2
<PAGE>


                                                 TELS CORPORATION AND SUBSIDIARY
                                                      Consolidated Balance Sheet

                                                  December 31, 2003, (Unaudited)
--------------------------------------------------------------------------------

        Assets
        ------

Current assets:
  Cash and cash equivalents                                      $        8,140
  Commissions receivable                                                 33,060
  Receivables from employees                                             19,216
  Other current assets                                                   11,629
                                                                 ---------------

        Total current assets                                             72,045

Computer equipment, net of accumulated depreciation                       1,457
                                                                 ---------------

        Total assets                                             $       73,502
                                                                 ---------------

--------------------------------------------------------------------------------

        Liabilities and Stockholders' Deficit
        -------------------------------------

Current liabilities:
  Accounts payable                                               $       26,353
  Related party payable                                                  27,907
  Accrued liabilities                                                    49,633
                                                                 ---------------

        Total current liabilities                                       103,893
                                                                 ---------------

Commitments and contingencies                                                 -

Stockholders' deficit:
  Series A convertible preferred stock,
    $1.00 par value; authorized
    10,000,000 shares, no shares issued and
    outstanding                                                               -
  Common stock, $.02 par value; authorized
    50,000,000 shares, issued 23,337,952 shares
    issued and outstanding                                              466,759
  Additional paid-in capital                                             61,900
  Accumulated deficit                                                  (559,050)
                                                                 ---------------

        Total stockholders' deficit                                     (30,391)
                                                                 ---------------

        Total liabilities and stockholders' deficit              $       73,502
                                                                 ---------------



--------------------------------------------------------------------------------
See accompanying notes to consolidated financial statements.                   3

<PAGE>

                                                 TELS CORPORATION AND SUBSIDIARY
                                            Consolidated Statement of Operations

                                     Three months Ended December 31, (Unaudited)
--------------------------------------------------------------------------------

                                                      2003             2002
                                                --------------------------------

Commissions earned                              $       95,931   $      192,305
                                                --------------------------------

Operating expenses:
  Commissions and fees expense                          57,512           93,235
  General and administrative expenses                   78,751           76,600
  Related party management fee expense                  27,466           31,140
                                                --------------------------------

        Total                                          163,729          200,975
                                                --------------------------------

        Loss before benefit
        for income taxes                               (67,798)          (8,670)

Benefit for income taxes                                     -                -
                                                --------------------------------

        Net loss                                $      (67,798)  $       (8,670)
                                                --------------------------------

Loss per share - basic and diluted              $            -   $            -
                                                --------------------------------

Weighted average shares basic and diluted           22,840,000       22,693,000
                                                --------------------------------

--------------------------------------------------------------------------------
See accompanying notes to consolidated financial statements.                   4

<PAGE>

                                                 TELS CORPORATION AND SUBSIDIARY
                                            Consolidated Statement of Cash Flows

                                     Three Months Ended December 31, (Unaudited)
-------------------------------------------------------------------------------

                                                       2003            2002
                                                  ------------------------------

Cash flows from operating activities:
  Net loss                                        $     (67,798)  $      (8,670)
  Adjustments to reconcile net loss to
    net cash used in operating activities:
     Depreciation                                            49              47
     (Increase) decrease in:
        Commissions receivable                           24,303          15,067
        Receivable from employees                        (6,912)          3,620
        Related party receivable                              -          31,776
        Other assets                                     (9,445)         (5,000)
     (Decrease) increase in:
        Accounts payable                                 11,448         (35,334)
        Accrued liabilities                             (14,680)        (28,561)
        Related party payable                               397          24,380
                                                  ------------------------------

           Net cash used in operating activities        (62,638)         (2,675)
                                                  ------------------------------

Cash flows from investing activities -
 Purchases of equipment                                  (1,222)              -
                                                  ------------------------------

Cash flows from financing activities-
 Issuance of common stock                                72,000               -
                                                  ------------------------------

        Net change in cash and cash equivalents           8,140          (2,675)

Cash and cash equivalents at beginning of period              -          10,548
                                                  ------------------------------

Cash and cash equivalents at end of period        $       8,140   $       7,873
                                                  ------------------------------

Supplemental disclosure of cash flow information:
Cash paid during the period for:
  Interest                                        $           -   $           -
                                                  ------------------------------

  Income taxes                                    $           -   $           -
                                                  ------------------------------

Non cash investing and financing activities:
         During the quarter ended  December 31, 2003, the Company issued 125,000
         shares of common stock valued at $17,375 in exchange for legal services
         related to the private placement.




--------------------------------------------------------------------------------
See accompanying notes to consolidated financial statements.                   5

<PAGE>

                                                 TELS CORPORATION AND SUBSIDIARY
                                      Notes to Consolidated Financial Statements

                                                               December 31, 2003
--------------------------------------------------------------------------------

1.   Organization       Organization
     and                TELS  Corporation  ("TELS") was  incorporated  under the
     Significant        laws of the State of Utah in  February  1981.  Effective
     Accounting         July 27, 2001, TELS  transferred its  telecommunications
     Policies           and call accounting  operations to certain  shareholders
                        of TELS in exchange  for their  assumption  of TELS' net
                        liabilities.  As a result  of TELS'  disposition  of its
                        operating activities, TELS ceased its revenue generating
                        activities and became a development stage company.

                        The  Company  was  a  development  stage  company  until
                        September  12,  2002,  when  it  acquired  100%  of  the
                        outstanding   common  stock  of  Strategic  Futures  and
                        Options,   Inc.   ("Strategic").   The  transaction  was
                        accounted for as a reverse acquisition,  therefore,  the
                        historical results presented in the financial statements
                        for  2002  are  those  of  Strategic,   the   accounting
                        acquirer,   through  September  12,  2002,  after  which
                        historical results represent the combined entity.

                        Strategic was  organized  under the laws of the State of
                        Minnesota  on  January  22,  2001.  Strategic's  primary
                        business   operation   includes   introducing   customer
                        securities  and  commodities  transactions  to  clearing
                        brokers.

2.   Basis of           The  Company's   accompanying   unaudited   consolidated
     Presentation       condensed  financial  statements  have been  prepared in
                        accordance with accounting principles generally accepted
                        in the United  States of America for  interim  financial
                        information and the instructions to Form 10-QSB and Item
                        310 of  Regulation  SB of the  Securities  and  Exchange
                        Commission (the "SEC"). Accordingly,  these consolidated
                        condensed financial statements do not include all of the
                        disclosures required by accounting  principles generally
                        accepted  in  the  United  States  of  America.  In  the
                        Company's opinion, all adjustments (consisting of normal
                        and recurring  adjustments)  considered  necessary for a
                        fair presentation have been included.  Operating results
                        for the three  months  ended  December  31, 2003 are not
                        necessarily  indicative  of  the  results  that  may  be
                        expected  for the year ended  September  30,  2004.  The
                        accompanying consolidated condensed financial statements
                        and the notes thereto should be read in conjunction with
                        the Company's audited consolidated  financial statements
                        as  of  and  for  the  year  ended  September  30,  2003
                        contained in the Company's Form 10-KSB.

--------------------------------------------------------------------------------
                                                                               6

<PAGE>
                                                 TELS CORPORATION AND SUBSIDIARY
                                      Notes to Consolidated Financial Statements
                                                                       Continued

--------------------------------------------------------------------------------

3.   Stock-Based        Stock-Based Compensation
     Compensation       The   Company   accounts   for   stock-based    employee
                        compensation using the intrinsic-value method prescribed
                        by APB Opinion No. 25,  Accounting  for Stock  Issued to
                        Employees, and related interpretations. The Company also
                        presents  pro forma  earnings  and earnings per share in
                        its  consolidated  financial  statements  as required by
                        SFAS No. 123,  Accounting for Stock-Based  Compensation.
                        No stock-based  employee  compensation cost is reflected
                        in net  income  (loss),  as all  options  vested  had an
                        exercise   price  equal  to  the  market  value  of  the
                        underlying common stock on the date of grant. No options
                        were issued or vested during the quarters ended December
                        31, 2003 and 2002,  therefore,  there would be no effect
                        on net income and  earnings per share if the company had
                        applied the fair value  recognition  provisions  of FASB
                        Statement No. 123 to stock-based employee compensation.

                        Stock options and warrants granted to non-employees  for
                        services are accounted  for in accordance  with SFAS 123
                        which  requires  expense  recognition  based on the fair
                        value  of  the  options/warrants  granted.  The  Company
                        calculates  the  fair  value  of  options  and  warrants
                        granted using the Black-Scholes pricing model.

4.   Earnings Per       The  computation  of basic  earnings per common share is
     Common             based  on  the   weighted   average   number  of  shares
     Share              outstanding during the period.

                        The computation of diluted  earnings per common share is
                        based  on  the   weighted   average   number  of  shares
                        outstanding  during the  period,  plus the common  stock
                        equivalents  that would arise from the exercise of stock
                        options outstanding, using the treasury stock method and
                        the average  market  price per share  during the period.
                        Options to purchase  31,500 and 131,500 shares of common
                        stock  at $.13 to $.60 per  share  were  outstanding  at
                        December 31, 2003 and 2002,  respectively,  but were not
                        included  in  the  2003   diluted   earnings  per  share
                        calculation   because   the   effect   would  have  been
                        antidilutive.

--------------------------------------------------------------------------------
                                                                               7

<PAGE>
                                                 TELS CORPORATION AND SUBSIDIARY
                                      Notes to Consolidated Financial Statements
                                                                       Continued

--------------------------------------------------------------------------------

5.   Related Party      A company  related  through  common  ownership  provides
     Transactions       certain administrative services to the Company under the
                        terms of a management  agreement  dated July 1, 2002 and
                        subsequently  amended on September 15, 2002 and March 3,
                        2003.  There  was  no  written   agreement  between  the
                        companies  for the period ended  December 31, 2002.  The
                        total management fee expense was  approximately  $27,000
                        and $31,000 for the three months ended December 31, 2003
                        and 2002,  respectively.  The related party payable from
                        the management fee was approximately $28,000 at December
                        31, 2003.

6.   Subsequent         In  January  2004,  the  Company  entered  into a  Share
     Events             Exchange  Agreement  to  acquire  all of the  issued and
                        outstanding  shares  of  common  stock  of both  Pathway
                        Advisors,  Inc. (Pathway) and Hampton and Hampton,  P.A.
                        (Hampton).  The  Company  issued  a total  of 6  million
                        shares of  unregistered  common  stock to acquire  these
                        entities.  This  transaction  was  reported  on Form 8-K
                        filed February 5, 2004.

                        In January  2004 the  Company  entered  into  employment
                        contracts  with certain key  employees.  The  agreements
                        provide  the  employees  with a salary,  severance  pay,
                        additional  compensation  upon  termination  following a
                        change in  control  of the  Company  and other  benefits
                        normally provided to regular employees.

                        In January  2004,  the Company also  approved a bonus of
                        $50,000 payable to Mr. Wolfbauer in consideration of the
                        extraordinary   time   and   effort   expended   in  the
                        acquisition of both Pathway and Hampton.

                        In March 2004, the Company completed a Private Placement
                        under a Private Placement  Memorandum dated November 26,
                        2003.   The   Company   issued   2,000,000   shares   of
                        unregistered common stock in exchange for $300,000. Each
                        share of stock had one warrant  attached that allows the
                        holder to purchase one share of common stock. During the
                        quarter  ended  December  31, 2003,  the Company  issued
                        480,000  shares  related  to the  Private  Placement  in
                        exchange for approximately  $72,000, which was partially
                        offset by offering costs of $17,375.
--------------------------------------------------------------------------------
                                                                               8

<PAGE>
                                                 TELS CORPORATION AND SUBSIDIARY
                                      Notes to Consolidated Financial Statements
                                                                       Continued

--------------------------------------------------------------------------------


6.   Subsequent         The Company  opened a Private  Placement  Memorandum  on
     Events             January  28,  2004  under  which  it  intends  to  raise
     Continued          $3,000,000  by offering  300,000  units  consisting of a
                        convertible debt instrument, ten shares of common stock,
                        and ten common  stock  purchase  warrants.  The offering
                        will  remain  open  until  the  earlier  of the  sale of
                        300,000  units or  May 31, 2004.  The Company has so far
                        raised a total of $294,500 under this private placement.

                        In February  2004, the Company signed a Letter of Intent
                        to acquire W.H.  Williams CPA,  Inc. of Olathe,  Kansas.
                        The approximate purchase price, including real estate is
                        $275,000, which management believes will be completed as
                        an all cash transaction.

7.   Lease              During the quarter ended  December 31, 2003, the Company
     Commitment         entered into non-cancelable  lease agreements for office
                        space. The leases are accounted for as operating leases.
                        The future minimum lease payments are as follows:

                          Years Ending September 30:
                          --------------------------

                                 2004                             $   26,000
                                 2005                                 38,000
                                 2006                                 39,000
                                 2007                                 16,000
                                                                  ----------

                                                                  $  119,000
                                                                  ----------

--------------------------------------------------------------------------------
                                                                               9

<PAGE>



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

FORWARD LOOKING STATEMENTS

The information in this discussion  contains  forward-looking  statements within
the  meaning of Section  27A of the  Securities  Act of 1933,  as  amended,  and
Section  21E  of  the  Securities  Exchange  Act  of  1934,  as  amended.  These
forward-looking statements involve risks and uncertainties, including statements
regarding the Company's capital needs,  business strategy and expectations.  Any
statements  contained  herein that are not statements of historical facts may be
deemed  to be  forward-looking  statements.  In some  cases,  you  can  identify
forward-looking  statements  by  terminology  such as "may",  "will",  "should",
"expect",  "plan",  "Intend",  "anticipate",  "believe",  estimate",  "predict",
"potential"  or  "continue",  the  negative  of such  terms or other  comparable
terminology.  Actual  events or  results  may  differ  materially.  The  Company
disclaims any obligation to publicly  update these  statements,  or disclose any
difference  between its actual results and those reflected in these  statements.
The information  constitutes  forward- looking  statements within the meaning of
the Private Securities Litigation Reform Act of 1995.

PLAN OF OPERATIONS

For the period ended December 31, 2003,  our focus was the continued  growth and
expansion of Strategic Futures and Options, Inc ("Strategic").  We acquired 100%
of the issued and  outstanding  shares of common stock of Strategic on September
12, 2002.

Strategic  is a  registered  introducing  broker  with the  Commodities  Futures
Trading  Commission  ("CFC") and a member of the National  Futures  Association.
Strategic's primary business operation includes  introducing customer securities
and  commodities  transactions  to Refco LLC on behalf  of its  clients  through
brokers  employed by the Company.  Our revenues  consist  primarily of brokerage
commissions. Brokerage commissions are generated through customer trades.

The commodities market, like the securities industry,  is subject to significant
fluctuations  and  valuations.  Greater  (or lesser)  demand for the  underlying
commodity sparks market volatility. Weather conditions,  political unrest, wars,
interest rates as well as the overall preception of the economy's well being all
play a role in the  pricing of the  commodities  and the  underlying  contracts.
During the quarter ended December 31, 2003,  many of the  commodities  traded by
the  Company  remained  relatively  flat.  As a result,  trading in  commodities
futures declined which had a negative impact on our revenues.




                                       10

<PAGE>

SUBSEQUENT EVENTS

In order to become a more broadly diversified financial institution,  in January
2004 we acquired  all of the issued and  outstanding  shares of common  stock of
both  Pathway  Advisors,  Inc.  ("Pathway")  and Hampton & Hampton,  P.A.,  Inc.
("Hampton")  in exchange for the issuance of a total of 6 million  shares of our
common stock.

Pathway  is  focused  on  introducing   investment   banking   relationships  to
prospective  clients,  as  well  as  identifying,   structuring,  brokering  and
arranging financing for various investment  opportunities for its clients.  Fees
are received in the form of equity participation and fees for services rendered.
Heath H. Hampton  serves as president of Pathway.  Pathway is located in Topeka,
Kansas.

Hampton is a  multi-service  accounting firm with five branch offices located in
the  State  of  Kansas  specializing  in  individual  and  business  tax  return
preparation,  tax planning strategies, and accounting for small business owners;
also planning for retirement,  social security, future tax due and estate taxes.
Its founder is Von B. Hampton, the brother of Heath Hampton.

RESULTS OF OPERATIONS

During the three months ended December 31, 2003 we generated revenues of $95,931
as  compared  to  $192,305  during  the  comparable  period in 2002.  Despite an
increase in the number of brokers  working  for the Company and what  management
perceives to be increasing awareness of Strategic's  operations in the Minnesota
area, the Company could not overcome the poor market  conditions for commodities
trading during this period.

We incurred  $57,512 in commission  expense for the first fiscal quarter of 2004
as compared to $93,235 for the first  quarter in fiscal  2003.  The  significant
decrease in our commission  expense is directly  attributable  to our decline in
commission  revenue.  However,  commissions  paid as a percentage  of commission
revenues was 59.9% for the first fiscal  quarter as compared to 48.5% during the
comparative period ended December 31, 2002. The significant  percentage increase
is primarily  due to the fact that the Company  hired  several new brokers.  New
brokers  are  generally  paid a draw  against  commissions  and for  the  period
indicated,  the draw  paid to these new  brokers  exceeded  commissions  earned.
Management  has and will  terminate the employment of brokers who cannot produce
sufficient revenues and eventually intends to employ commission only brokers.

General and  administrative  expenses  increased  from $76,600 to $78,751  while
overall expenses  decreased from $200,975 to $163,729 for the three months ended
December 31, 2002 as compared to the three months  ended  December 31, 2003.  We
incurred a net loss of $67,798 for the three months  ended  December 31, 2003 as
compared to a net loss of $8,670 for the comparative period in 2002.

Related  party  management  fee expense  declined  slightly from $31,140 for the
quarter ended  December 31, 2002 to $27,466 for the quarter  ended  December 31,
2003.   The  decline   reflects  the  reduction  in  the  monthly  fee  paid  to
International   Strategic  Assets,  Inc.  (ISA),  a  company  owned  by  certain
shareholders,  which was  agreed to during  fiscal  2003.  The fees  effectively
represent the Company's share of rent and administrative costs borne by ISA.

LIQUIDITY AND CAPITAL RESOURCES

Our total  current  assets as of December  31, 2003 were  $72,045.  We also have
computer  equipment  valued at $1,457 net of  depreciation  for total  assets of
$73,502. Our single largest asset is $33,060 in commissions receivable.


                                       11

<PAGE>
As of December 31, 2003,  we had $103,893 in total  liabilities.  Our assets are
currently  not  sufficient  to satisfy our  existing  liabilities  and we have a
working capital deficit.  Management's decision to expand Strategic's operations
has  depleted  its capital  resources.  However,  with the  acquisition  of both
Pathway  and  Hampton,  management  believes  that the  Company  will be able to
increase  cash  generated  from  operations  and increase  revenues.  Additional
capital has also been generated from the sale of the Company's equity securities
to prospective  investors and in furtherance  thereof,  through the date of this
filing,  we have raised a total of $594,500  from the sale of our  securities to
investors.  We  may  also  secure  additional  funding  through  the  sale  of a
combination of debt and equity.  However, there can be no assurance that we will
be able to sell a sufficient quantity of our securities to satisfy our operating
needs.  The Company may also require other sources of funding.  Right now, we do
not have any third party  commitments to fund our operations and there can be no
assurance  that  we  will  be able to  secure  funding  in the  future.  Without
sufficient sources of cash, we may be forced to curtail our operations.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS

Our planned  operations  are  dependent  upon our  ability to secure  additional
financing.  Changes in interest  rates may make the cost of securing  additional
financing  beyond our reach. As a result,  we may not be able to fully implement
our business plan. Changes in the financial markets, changes in the price of our
common stock or any type of regulatory  sanctions may make it very difficult for
us to secure additional funding through the sale of our securities.

We compete  in a highly  competitive  market . The  brokerage  industry  and the
financial markets are highly  competitive and fragmented.  Our success will also
be dependent upon general economic  conditions and the ability to accomplish our
goals, of which there can be no assurance.

ITEM 4. CONTROLS AND PROCEDURES.

As  required  by Rule  13a-15  under the  Securities  Exchange  Act of 1934 (the
"Exchange Act"), we carried out an evaluation of the effectiveness of the design
and  operation of our  disclosure  controls and  procedures as of the end of the
filing period covered by this report.  This evaluation was carried out under the
supervision  and with the  participation  of our President  and Chief  Executive
Officer,  Mr. Ron Wolfbauer.  Based upon that evaluation,  it was concluded that
our  disclosure  controls  and  procedures  are  effective  in  timely  alerting
management to material information relating to us required to be included in our
periodic SEC  filings.  There have been no  significant  changes in our internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date we carried out the evaluation.

Disclosure  controls and procedures are controls and other  procedures  that are
designed to ensure that  information  required  to be  disclosed  in our reports
filed or submitted under the Exchange Act is recorded, processed, summarized and
reported,  within the time  periods  specified  in the  Securities  and Exchange
Commission's  rules and  forms.  Disclosure  controls  and  procedures  include,
without limitation,  controls and procedures designed to ensure that information
required  to be  disclosed  in our  reports  filed  under  the  Exchange  Act is
accumulated  and  communicated  to  Mr.  Wolfbauer  to  allow  timely  decisions
regarding required disclosure.

CHANGE IN INTERNAL CONTROLS.  There were no significant changes in the Company's
internal  controls or in other  factors  that could  significantly  affect those
controls since the most recent evaluation of such controls.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS


                                       12

<PAGE>

We are not currently involved in any legal proceedings.

ITEM 2. CHANGES IN SECURITIES

During the quarter ended  December 31, 2003 we issued a total of 480,000  shares
of our common stock and received a total of $72,000.  The shares of common stock
were issued to various  accredited  investors who  participated in the Company's
private  placement  of its  securities.  The shares were  issued  pursuant to an
exemption from  registration  afforded by Regulation D Rule 506.  subscribed for
shares in the  Company's  private  placement.  The  Company  has also  issued an
additional 125,000 shares for legal services rendered.  During the quarter ended
December 31, 2003 we did not issue any shares of common stock


ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

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

No matters were  submitted to our security  holders for a vote during the fiscal
quarter ended December 31, 2003.

ITEM 5. OTHER INFORMATION

Not Applicable

Item 6. EXHIBITS AND REPORTS ON FORM 8-K

Exhibit
Number           Description of Exhibit

31.1     Certification  of President and Chief Executive  Officer pursuant to 18
         U.S.C.  Section  1350  as  adopted  pursuant  to  Section  302  of  the
         Sarbanes-Oxley Act of 2002

32.2     Certification  of President and Chief Executive  Officer pursuant to 18
         U.S.C.  Section  1350,  as  adopted  pursuant  to  Section  906  of the
         Sarbanes-Oxley Act of 2002

(b) No reports on Form 8-k were filed during the period ended December 31, 2003


                                   SIGNATURES
                                   ----------

In accordance  with Section 13 or 15(d) of the Securities  Exchange Act of 1934,
the Registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.


                                   Tels Corporation
                                   (Registrant)

                                   By: /s/ Ron Wolfbauer, Jr.
                                   --------------------------
                                   Ron Wolfbauer, Jr.

Date: May 12, 2004


In accordance  with the  Securities  Exchange Act of 1934,  this report has been
signed by the following  persons on behalf of the  Registrant in the  capacities
and on the dates indicated.


Signatures                                       Title
----------                                       -----

/S/ Ron Wolfbauer, Jr.                           President/Chief Executive
Ron Wolfbauer, Jr.                               Officer/Director


                                       13