SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB

(Mark One)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
     ACT OF 1934

                  For the quarterly period ended September 30, 2003

[ ]  TRANSITION  REPORT  PURSUANT  TO SECTION 13 OR 15 (d) OF THE  SECURITIES
     EXCHANGE ACT OF 1934

              For the transition period from__________to__________.

                          Commission File No. 2-95836-NY


                               EGAN SYSTEMS, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


             Delaware                                          13-3250816
----------------------------------             ---------------------------------
 (State or other jurisdiction of               (IRS Employer Identification No.)
  incorporation or organization)


               4904 Waters Edge Drive, Suite 160 Raleigh, NC 27606
    ------------------------------------------------------------------------
                    (Address of principal executive offices)

                                (919) 851 - 2239
                            -------------------------
                           (Issuer's telephone number)

     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 NO X

     As of November  1, 2003,  29,971,652  shares of Common  Stock of the issuer
were outstanding.



<PAGE>

                               Egan Systems, Inc.
                                      INDEX


                                                                           Page
                                                                          Number
PART I - FINANCIAL INFORMATION

  Item 1.  Unaudited Consolidated Financial Statements

           Unaudited Consolidated Balance Sheet - September 30, 2003       3

           Unaudited Consolidated Statements of Operations - For the
           three months and nine months ended September 30, 2003 and 2002  4

           Unaudited Consolidated Statements of Cash Flows-
           For the nine months ended September 30, 2003 and 2002           5

           Notes to Consolidated Financial Statements                      6

  Item 2.  Management Discussion and Analysis of Financial
           Condition and Results of Operations                             7
  Item 3.  Controls and Procedures
                                                                           7

PART II - OTHER INFORMATION

    Item 1.    Legal Proceedings                                           8
    Item 2.    Changes in Securities                                       8
    Item 3.    Defaults Upon Senior Securities                             9
    Item 4.    Submission of Matters to a Vote of Security Holders         9
    Item 5.    Other Information                                           9
    Item 6.    Exhibits                                                    9

     Signatures                                                            9
     Certifications
                                       2

<PAGE>

                        EGAN SYSTEMS, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEET
                               SEPTEMBER 30, 2003
                                   (UNAUDITED)

                                     ASSETS

CURRENT ASSETS
Cash                                                               $ 3,540
Accounts receivable, net of allowance of $3,291                     62,371
Inventory                                                            2,915
                                                                    ------
Total Current Assets                                                68,826
                                                                   -------
PROPERTY AND EQUIPMENT, net                                         15,371
OTHER ASSETS
Security deposit                                                       966
                                                                      ----
TOTAL ASSETS                                                      $ 85,163
                                                                 =========
                      LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
Accounts payable                                                 $ 175,917
Accrued liabilities                                                 29,527
                                                                   -------
TOTAL LIABILITIES                                                  205,444
                                                                  --------
STOCKHOLDERS' DEFICIT
Common stock, $0.05 par value, 30,000,000 shares
authorized, 18,971,652 shares issued and outstanding               948,583
Additional paid-in capital                                       4,501,026
Accumulated deficit                                             (5,569,890)
                                                                -----------
TOTAL STOCKHOLDERS' DEFICIT                                       (120,281)
                                                                  ---------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                       $ 85,163
                                                                 =========

                                       3
<PAGE>

                        EGAN SYSTEMS, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
<TABLE>


                                         Three Months Ended                      Nine Months Ended
                                          September 30,                          September 30,
                                    2003                   2002            2003                  2002
<S>                              <C>                  <C>            <C>                     <C>


NET SALES                        $ 130,562            $ 124,059       $ 332,916             $ 350,816
                                 ----------           ----------      ----------            ----------
COST AND EXPENSES
Cost of goods sold                    2,135               6,289           7,195                17,128
Research and development                  -              19,533               -                51,360
Selling, shipping, general and
administrative                      112,874              44,191         341,568               119,077
Royalty expense                       2,505               8,094           6,645                18,899
Depreciation and amortization         8,556              82,212         130,967               243,923
                                     ------             -------        --------              --------
Total Expenses                      126,070             160,319         486,375               450,387
                                   --------            --------        --------              --------
NET LOSS                            $ 4,492           $ (36,260)     $ (153,459)            $ (99,577)
                                   ========           ==========     ===========            ==========
BASIC AND DILUTED LOSS PER
COMMON  SHARE                        $ 0.00             $ (0.00)       $ (0.01)              $  (0.01)
                                    =======             ========        ========              ========
BASIC WEIGHTED AVERAGE SHARES    18,971,652          19,421,652      18,971,652            19,421,652
                                ===========         ===========     ===========           ===========
</TABLE>


                                       4
<PAGE>

                        EGAN SYSTEMS, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                    (UNAUDITED)

                                                 Nine Months Ended September 30,
                                                    2003              2002
                                                    -----             -----
CASH FLOWS FROM OPERATIONS
Net loss                                        $ (153,459)        $ (99,577)
Adjustments to reconcile net (loss) to net cash
used by operating activities:
Depreciation and amortization                      130,967           243,923
Changes in operating assets and liabilities:
Accounts receivable                                (36,449)          (10,889)
Inventory                                            1,635              (500)
Security deposit                                         -              (966)
Accounts payable and accrued liabilities            19,937           (49,819)
                                                   -------           --------
Net cash provided (used) by operating activities   (37,369)           82,172
                                                   --------          --------
CASH FLOW FROM INVESTING
Computer software development costs                     -            (68,694)
                                                   --------          --------
Net cash used in investing activities                   -            (68,694)
                                                   --------          --------
CASH FLOW FROM FINANCING
Net cash provided by financing activities               -                  -
                                                   --------          --------
Increase (decrease) in cash and cash equivalents   (37,369)           13,478
Balance at beginning of period                      40,909            10,643
                                                   --------          --------
Balance at end of period                          $  3,540          $ 24,121
                                                   ========          ========
                                        5
<PAGE>

                        EGAN SYSTEMS, INC. AND SUBSIDIARY
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
--------------------------------------------------------------------------------
                                   (UNAUDITED)

1.       BASIS OF PRESENTATION

         The unaudited condensed consolidated financial statements of Egan
         Systems, Inc., have been prepared in accordance with generally accepted
         accounting principles for interim financial information and pursuant to
         the requirements for reporting on Form 10- QSB. Accordingly, they do
         not include all the information and footnotes required by generally
         accepted accounting principles for complete financial statements.
         However, such information reflects all adjustments (consisting solely
         of normal recurring adjustments) which are, in the opinion of
         management, necessary for a fair statement of results for the interim
         periods. Results shown for interim periods are not necessarily
         indicative of the results to be obtained for a full fiscal year. These
         interim financial statements should be read in conjunction with the
         audited financial statements and notes thereto included in the Company
         Form 10-KSB for the fiscal year ended December 31, 2002.


2.       GOING CONCERN

         The accompanying financial statements have been prepared in conformity
         with generally accepted accounting principles, which contemplates
         continuation of the Company as a going concern. However, the Company
         has sustained substantial operating losses in recent years and periods.
         In addition, the Company has used substantial amounts of working
         capital in its operations so that as of September 30, 2003, current
         liabilities exceed current assets by $136,618.


3.       SUBSEQUENT EVENTS

          On October 3, 2003,  the Company  issued  11,000,000  shares of common
          stock for the acquistion of the Tofino  Group-Alberni Mining Division,
          a group of 35 mining  claims,  from  Goldtech  Mining  Corporation,  a
          Washington corporation. On November 5, 2003, the Shareholders approved
          a  reverse  split of the  Company's  shares  on a one for  one-hundred
          basis and  changed  the par  value  from  $.05 per  share to $.001 to
          increase the authorized number of shares from 30,000,000 to 95,000,000
          common shares and 5,000,000  preferred shares;  the acquisition of the
          remaining mining claims of Goldtech Mining Corporation in exchange for
          an additional  11,000,000  shares of the company's  post reverse split
          common  stock;  the change of the  company's  name to Goldtech  Mining
          Corporation;  and  the  change  of the  State  of  Incorporation  from
          Delaware to Nevada.


                                       6
<PAGE>


Item 2. Management Discussion and Analysis of Financial Condition and Results of
        Operations

Results of Operations

Three  Months  Ended  September  30,  2003  compared to the Three  Months  Ended
September 30,2002

Revenues for the three months ended  September 30, 2003,  increased by $6,503 or
5.3% to $130,562 from $124,059 for the  corresponding  period of the prior year.
The  increase in revenue  resulted  from  increased  sale of services  which was
partially offset by a decrease in the sale of tools.

     Cost of goods sold for the three months ended  September 30, 2003 decreased
by $4,154 or 66.1% to $2,135  from  $6,289 for the  corresponding  period of the
prior year. The decrease in cost of goods sold  represents the decrease in sales
of tools during the three month period ended September 30, 2003.

     There were no research and development  activities conducted by the Company
for the three months ended September 30, 2003. For the  corresponding  period of
the prior year, the company  incurred  research and development  expenditures of
$19,533. Although the Company continues to conduct research and development, the
cost  of  such  has  been  included  as  part  of  the  Company's   general  and
administrative expenses.

         Selling, shipping, general and administrative expenses increased by
$68,683 or 155.5% to $112,874 for the three months ended September 30, 2003 from
$44,191 for the corresponding period of the prior year. The increase in selling,
shipping, general and administrative expenses is principally attributable to
increases in payroll expense.

     Royalty expense  declined by $5,589 or 69.1% to $2,505 for the three months
ended September 30, 2003 from $8,094 for the  corresponding  period of the prior
year. The decrease in royalty  expenses is attributable to a decline in the sale
of third party software.

         Depreciation and amortization expenses declined by $73,656 or 89.6% to
$8,556 for the three months ended September 30, 2003 from $82,212 for the
corresponding period of the prior year. The decrease in depreciation and
amortization reflects the reduction in amortization from less computer software
development costs being capitalized.

     As a result of the foregoing,  the Company had net income of $4,492 for the
three  months  ended  September  30, 2003  compared to a loss of $36,260 for the
period ended September 30, 2002.

Nine Months Ended September 30, 2003 compared to the Nine Months Ended September
30, 2002

     Revenues for the nine months ended September 30, 2003, decreased by $17,900
or 5.1% to $332,916  from  $350,816  for the  corresponding  period of the prior
year. The decrease in revenue is reflective of the slow domestic economy and the
decrease in high tech spending  although demand for services did increase during
the third quarter.

     Cost of goods sold for the nine months ended  September 30, 2003  decreased
by $9,933 or 58.0% to $7,195 from  $17,128 for the  corresponding  period of the
prior year. The decrease in cost of goods sold  represents the decrease in sales
of tools during the nine month period ended September 30, 2003.

     There were no research and development  activities conducted by the Company
during the nine months ended September 30, 2003. For the corresponding period of
the prior year, the company  incurred  research and development  expenditures of
$51,360. Although the Company continues to conduct research and development, the
cost  of  such  has  been  included  as  part  of  the  Company's   general  and
administrative expenses.

     Selling,   shipping,  general  and  administrative  expenses  increased  by
$222,491 or 186.9% to $341,568 for the nine months ended September 30, 2003 from
$119,077  for the  corresponding  period  of the prior  year.  The  increase  in
selling,   shipping,   general  and   administrative   expenses  is  principally
attributable to increases in professional fees and increases in payroll expense.

         Royalty expense declined by $12,254 or 64.9% to $6,645 for the nine
months ended September 30, 2003 from $18,899 for the corresponding period of the
prior year. The decrease in royalty expenses is attributable to a decline in the
sale of third party software.
                                       7
<PAGE>

         Depreciation and amortization expenses declined by $112,956 or 46.3% to
$130,967 for the nine months ended September 30, 2003 from $243,923 for the
corresponding period of the prior year. The decrease in depreciation and
amortization reflects the reduction in amortization from less computer software
development costs being capitalized.

     As a result of the foregoing, the Company's net operating loss increased by
$53,882 or 54.2% to $153,459 for the nine months ended  September  30, 2003 from
$99,577 for the nine month period ended September 30, 2003.

Liquidity and Capital Resources

     As of  September  30,  2003 the Company had cash of $3,540 and a deficit in
working capital of $136,618. This compares with cash of $40,909 and a deficit in
working capital of $112,626 as of December 31, 2002.

     Cash used by operating activities totaled $37,369 for the nine months ended
September 30, 2003. This compares with cash provided by operating  activities of
$82,172 for the  corresponding  period of the prior year.  The net change is the
result  of a  substantial  increase  of  the  net  operating  loss  and  reduced
depreciation  and  amortization  which was  partially  offset by  changes in the
current accounts.

     There were no cash flows from investing  activities  during the nine months
ended  September 30, 2003.  For the nine months ended  September  30, 2002,  the
Company had computer software development costs of $68,694.

         The Company had no cash flows from any financing activities for either
the nine months ended September 30, 2002 or September 30, 2003.

     Historically, the Company has funded its operations through the sale of its
shares or borrowings from its principal  shareholders.  As the Company continues
to incur net operating losses, the need for outside capital sources becomes more
acute. Unless the company is able to become more profitable,  sell its shares or
obtain loans from third parties,  the Company will not have  sufficient  cash to
maintain its current operations or continue as a going concern.  As of September
30, 2003, the Company had a deficit in working  capital of $136,618.  Therefore,
unless it is able to generate  additional business or obtain outside funding, it
will have insufficient  capital to continue its business operations for the next
twelve months.

Item 3.  Controls and Procedures

         (a) Evaluation of disclosure controls and procedures. Our chief
executive officer and our chief financial officer, after evaluating the
effectiveness of the Company's "disclosure controls and procedures" (as defined
in the Securities Exchange Act of 1934 Rules 13a-14(c) and 15-d-14(c)) as of a
date (the "Evaluation Date") within 90 days before the filing date of this
quarterly report, have concluded that as of the Evaluation Date, our disclosure
controls and procedures were adequate and designed to ensure that material
information relating to us and our consolidated subsidiaries would be made known
to them by others within those entities.

         (b) Changes in internal controls. There were no significant changes in
our internal controls or to our knowledge, in other factors that could
significantly affect our disclosure controls and procedures subsequent to the
Evaluation Date.

                                    PART II. OTHER INFORMATION

Item 1. Legal Proceedings.

                  None

Item 2.   Changes in Securities

     On November  5, 2003 the  shareholders  of the  Company  approved a one for
one-hundred  reverse  stock  split and  changed the par value of the shares from
$.05 to $.001. This change is effective as of November 17, 2003.
<PAGE>

Item. 3. Senior Securities

                  None

Item 4.  Submissions of Matters to a Vote of Security Holders

     On November  5, 2003 the  shareholders  approved a change in the  Company's
name from Egan Systems, Inc. to Goldtech Mining Corporation;  approved a one for
one-hundred reverse stock split and changed the par value from $.05 per share to
$.001;  approved  a change in the state of  incorporation  of the  Company  from
Delaware to Nevada; and ratified the aquisition of the assets of Goldtech Mining
Corporation,  a Washington  corporation.  With the exception of the acquisition,
all matters  approved will be effective as of November 17, 2003. The acquisition
will be completed  when the  documentation  and  information  is approved by the
Company's Board of Directors.

Item 5.  Other Information

                  None

Item 6. Exhibits and Reports on Form 8-K

a)   Exhibits

2.1   Agreement for the Purchase of Assets of Goldtech Mining Corporation, a
      Washington corporation
2.2   Articles and Plan of Merger as filed with the Secretary of State of Nevada
2.3   Articles and Plan of Merger as filed with the Secretary of State of
      Delaware
3.1   Articles of Incorporation of Goldtech Mining Corporation, a Nevada
      corporation
3.2   Bylaws of Goldtech Mining Corporation


b) Reports on Form 8-K
        None

                                    Signature


Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto authorized.

                                          EGAN SYSTEMS, INC.


                                       /s/ Ralph Jordan
                                       -------------------------------------
November 13, 2003                      Ralph Jordan
                                       Chairman and Chief Executive Officer
                                       Secretary / Treasurer and Chief Financial
                                       Officer

                                      9



<PAGE>

                                 CERTIFICATIONS

I, Ralph Jordan, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Egan Systems, Inc.;

2. Based on my knowledge, this quarterly 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 quarterly
report;

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

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

         a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this quarterly report is being prepared;

         b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

         c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

         a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

         b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.

Dated: November 13_, 2003

By: /s/ Ralph Jordan
 ------------------------
Ralph Jordan
Chief Executive Officer

<PAGE>

I, Ralph Jordan, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Egan Systems, Inc.;

2. Based on my knowledge, this quarterly 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 quarterly
report;

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

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

         a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this quarterly report is being prepared;

         b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

         c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

         a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

         b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.

Dated: November 13, 2003

By: /s/ Ralph Jordan
 ------------------------
Ralph Jordan
Chief Financial Officer