FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


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

                         For Quarter Ended June 30, 1998

                                       OR

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

                        For the transition period from to

                        Commission file number: 2-96392-A

                          TRIANGLE IMAGING GROUP, INC.
             (Exact Name of Registrant as Specified in its Charter)

              Florida                                   59-2493183
      State or other jurisdiction of                 I.R.S. Employer
      incorporation or organization                 Identification No.

      4400 West Sample Road, Coconut Creek, Florida              33073
         (Address of Principal Executive Office)              (Zip Code)

                                  954-968-2080
               (Registrant's telephone number including area code)

     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant  was required to file such  reports) and (2) has been subject to such
filing requirements for the past 90 days.

                  Yes |X|                        No  | |

     The  number  of shares  of  registrant's  Common  Stock,  $.001 par  value,
outstanding as of June 30 1998 was 12,850,265 shares.


<PAGE>






                   TRIANGLE IMAGING GROUP, INC. AND SUBSIDIARY

                                      INDEX

                                                                            Page
                                                                          Number

PART I -- FINANCIAL INFORMATION:

         Item 1.  Financial Statements

                  Consolidated Balance Sheet --
                       June 30, 1998...........................................3

                  Consolidated Statement of Operations --
                       For the Six and Three Months
                       Ended June 30, 1998 and 1997............................4

                  Consolidated Statement of Cash Flows --
                       For the Six and Three Months
                       Ended June 30, 1998 and 1997............................5

                  Notes to Financial Statements..............................6-7

         Item 2.  Management's Discussion and Analysis......................8-10

PART II -- OTHER INFORMATION..................................................11

SIGNATURES....................................................................12





<PAGE>







PART 1 -- FINANCIAL INFORMATION

Item 1.  Financial Statements

<TABLE>

                  TRIANGLE IMAGING GROUP, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET
                                   (Unaudited)


                                     ASSETS
                                     ------
                                                                     June 30,
                                                                       1998
                                                                 ---------------
<S>                                                             <C>
CURRENT ASSETS:
     Cash and cash equivalents                                  $       827,409
     Accounts receivable, net of allowance for doubtful
         accounts of $63,000                                          1,754,036
     Prepaid expenses                                                    62,489
     Deferred tax asset                                                 122,000
                                                                 ---------------
         TOTAL CURRENT ASSETS                                         2,765,934

EQUIPMENT                                                               278,754

GOODWILL                                                              3,429,294

OTHER ASSETS                                                          1,251,659
                                                                 ---------------
                                                                $     7,725,641
                                                                 ===============


                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------

CURRENT LIABILITIES:
     Accounts payable and accrued expenses                      $     1,045,889
     Bank line of credit                                                 39,533
     Deferred revenue                                                   324,248
     Due to stockholders                                                 50,000
     Current portion of note payable                                    400,000
                                                                 ---------------
         TOTAL CURRENT LIABILITIES                                    1,859,670

NOTE PAYABLE                                                            925,000

DEFERRED TAX LIABILITY                                                    3,000

STOCKHOLDERS' EQUITY:
     Common stock, $.001 par value,
         authorized 50,000,000 shares: 12,850,265
         issued and outstanding                                          12,851
     Additional paid-in capital                                       5,115,398
     Accumulated deficit                                                (79,428)
     Stock subscription receivable                                      (25,050)
     Deferred compensation                                              (85,800)
                                                                 ---------------
         TOTAL STOCKHOLDERS' EQUITY                                   4,937,971
                                                                 ---------------
                                                                $     7,725,641
                                                                 ===============
</TABLE>

                       See notes to financial statements.


<PAGE>

<TABLE>


                  TRIANGLE IMAGING GROUP, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENT OF OPERATIONS
                                   (Unaudited)

                                                  Three months ended               Six months ended
                                                        June 30,                        June 30,
                                              -----------------------------    ----------------------------
                                                  1998             1997            1998             1997
                                              ------------     ------------    ------------     -----------
<S>                                         <C>              <C>             <C>              <C>
SALES                                       $   3,134,352    $   1,477,737   $   4,821,717    $  2,588,958

COST OF SALES                                     944,013          381,087       1,219,794         625,142
                                              ------------     ------------    ------------     -----------

GROSS PROFIT                                    2,190,339        1,096,650       3,601,923       1,963,816

SELLING, GENERAL AND ADMINISTRATIVE
      EXPENSES                                  1,662,638          774,244       2,605,408       1,468,835

NON-CASH IMPUTED COMPENSATION EXPENSE              49,640           28,045          99,280          41,420

AMORTIZATION OF GOODWILL                           44,505           24,106          66,170          48,212
                                              ------------     ------------    ------------     -----------

INCOME (LOSS) FROM OPERATIONS                     433,556          270,255         831,065         405,349

INTEREST EXPENSE                                   43,156           33,298          62,908          52,784

NON-RECURRING CHARGES ASSOCIATED
      WITH ACQUISITIONS                           151,200             --           151,200            --
                                              ------------     ------------    ------------     -----------

INCOME (LOSS) BEFORE MINORITY INTEREST AND
      INCOME TAX PROVISION                        239,200          236,957         616,957         352,565

MINORITY INTEREST                                    --             46,762            --            72,903

NET INCOME BEFORE INCOME TAX PROVISION            239,200          190,195         616,957         279,662

INCOME TAX PROVISION                                 --               --           107,000            --
                                              ------------     ------------    ------------     -----------

NET INCOME                                  $     239,200    $     190,195   $     509,957    $    279,662
                                              ============     ============    ============     ===========

NET INCOME PER SHARE:
      Basic                                 $        0.02    $        0.02   $        0.05    $       0.04
                                              ============     ============    ============     ===========
      Diluted                               $        0.02    $        0.02   $        0.04    $       0.03
                                              ============     ============    ============     ===========

NUMBER OF SHARES USED IN COMPUTATION:
      Basic                                    12,080,552        8,648,665      10,284,356       7,090,998
                                              ============     ============    ============     ===========
      Diluted                                  14,777,370       10,351,606      13,504,778       8,793,939
                                              ============     ============    ============     ===========
</TABLE>

                       See notes to financial statements.


<PAGE>





<TABLE>

                  TRIANGLE IMAGING GROUP, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENT OF CASH FLOWS
                                   (Unaudited)

                                                           Six months ended
                                                                June 30,
                                                    ----------------------------
                                                        1998             1997
                                                    ------------     -----------
<S>                                               <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
     Net income (loss)                            $     509,957    $    279,662
     Adjustment to reconcile net income (loss)
         to net cash provided by operating
         activities:
            Depreciation                                 43,418          50,511
            Amortization of goodwill                     66,170          48,212
            Non-cash imputed compensation                99,280          23,670
            Minority interest                           --               72,903

     Changes in assets and liabilities:
            Increase in accounts receivable            (975,481)       (247,059)
            Increase in prepaid expenses                (24,000)         22,726
            Decrease in deferred tax asset              107,000
            Increase in other assets                   (635,016)        (32,055)
            Increase in accounts payable
                   and accrued expenses                 641,635         267,379
            Increase in bank line of credit              39,533
            Decrease in deferred revenue                (66,677)        (16,655)
                                                    ------------     -----------

CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES        (194,181)        469,294
                                                    ------------     -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
     Cash paid for acquisition                         (462,195)          --
     Purchase of equipment                             (167,683)        (44,858)
                                                    ------------     -----------

CASH USED IN INVESTING ACTIVITIES                      (629,878)        (44,858)
                                                    ------------     -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Payment of note payable                           (275,000)        (50,000)
     Proceeds from sale of common stock                 910,858         250,750
     Decrease in stock subscription receivable          501,250
     Purchase of treasury stock                         (10,649)       (233,000)
                                                    ------------     -----------

CASH PROVIDED BY FINANCING ACTIVITIES                 1,126,459         (32,250)
                                                    ------------     -----------

NET INCREASE (DECREASE) IN CASH                         302,400         392,186

CASH -- BEGINNING OF PERIOD                             525,009         200,264
                                                    ------------     -----------

CASH -- END OF PERIOD                             $     827,409    $    592,450
                                                    ============     ===========

</TABLE>

                       See notes to financial statements.


<PAGE>





                   TRIANGLE IMAGING GROUP, INC. AND SUBSIDIARY

                          NOTES TO FINANCIAL STATEMENTS

                                   (Unaudited)

1.       BASIS OF PRESENTATION

         The  accompanying   unaudited   consolidated  financial  statements  of
         Triangle  Imaging  Group,  Inc. (the  "Company")  have been prepared in
         accordance with generally  accepted  accounting  principles for interim
         financial  information  and with the  instructions  to Form  10-QSB and
         Article 10 of Regulation S-X.  Accordingly,  they do not include all of
         the information and footnotes required by generally accepted accounting
         principles  for  complete  financial  statements.  In  the  opinion  of
         management,   all   adjustments   considered   necessary   for  a  fair
         presentation  (consisting  of  normal  recurring  accruals)  have  been
         included.  The  preparation of financial  statements in conformity with
         generally accepted  accounting  principles  requires management to make
         estimates and  assumptions  that affect the reported  amounts of assets
         and liabilities and disclosure of contingent  assets and liabilities at
         the  date of the  financial  statements  and the  reported  amounts  of
         revenues and expenses during the reporting period. Actual results could
         differ from those estimates. Operating results for the six month period
         ended June 30, 1998 are not necessarily  indicative of the results that
         may be expected  for the year ending  December  31,  1998.  For further
         information,   refer  to  the  consolidated  financial  statements  and
         footnotes  thereto  included  in the  Company's  Annual  Report on Form
         10-KSB for the year ended December 31, 1997.

2.       EARNINGS PER SHARE

         Basic earnings per share are computed on the weighted average number of
         common shares actually outstanding during the period.  Diluted earnings
         per  share  considers   potential  shares  issuable  upon  exercise  or
         conversion  of  other  outstanding  instruments  where  dilution  would
         result.  The earnings per share for the prior period have been restated
         to conform with the Company's adoption of FAS No. 128.

3.       STOCKHOLDERS' EQUITY

         During  the three  months  ended  June 30,  1998,  several  individuals
         exercised stock options  resulting in the issuance of 350,000 shares of
         common stock and the Company receiving proceeds totaling $133,750.

         During the three months ended June 30, 1998 the Company sold 173,110
         shares of common stock resulting in proceeds of $380,698.

         During the three months  ended June 30, 1998,  the Company made several
         acquisitions. In connection with these acquisitions,  885,000 shares of
         common stock were  issued.  The shares were valued at their fair market
         value at the time of negotiations.


4.       ACQUISITIONS

         During the three months ended June 30, 1998,  the Company  acquired the
         stock of Credit Bureau  Services,  Inc.,  EJG Services,  Florida Credit
         Bureau,   Multitask   Computer   Systems,   Inc.  and  Trimax   Systems
         Corporation.  These companies were acquired by the Company for $250,000
         cash,  $100,000  notes  payable,  and 885,000  shares of the  Company's
         common stock.  The  acquisition of these  companies have been accounted
         for as a purchase and accordingly,  the assets acquired and liabilities
         assumed  have  been  recorded  at their  estimated  fair  values  which
         approximates  book value.  The purchase prices,  including  acquisition
         costs,  less the companies'  book values totaled  $1,857,260  which was
         charged to goodwill.

The following schedule combines the unaudited pro forma results of operations of
the Company and these  acquisitions  for the six months  ended June 30, 1998 and
1997 as if the acquisition had occurred on January 1, 1998 and 1997 and includes
such adjustments which are directly  attributable to the acquisition.  It should
not be  considered  indicative  of the results that would have been achieved had
the  acquisition  not occurred or the results that would have been  obtained had
the acquisition actually occurred on January 1, 1997.


<TABLE>
                                                   Six Months Ended June 30,
                                                    1998               1997
                                             ---------------     ---------------
<S>                                        <C>                 <C>
Net sales                                  $     5,812,604     $    4,751,216
Net income                                 $       441,610     $      310,804
Net income per share:
     Basic                                 $           .04     $          .04
     Diluted                               $           .03     $          .03
Shares used in computation:
     Basic                                      11,169,356          7,975,998
     Diluted                                    14,389,778          9,678,939

</TABLE>



<PAGE>






           Management's Discussion and Analysis of Financial Condition



Forward Looking

Statements in this Management's  Discussion and Analysis of Financial  Condition
and Results of Operations, and elsewhere in this document, as well as statements
made in press releases and oral statements that may be made by the Company or by
officers,  directors or employees of the Company acting on the Company's  behalf
that are not  statements  of historical  or current  fact,  constitute  "forward
looking"  statements  within the  meaning of the Private  Securities  Litigation
Reform Act of 1995. Such  forward-looking  statements  involve known and unknown
risks,  uncertainties  and other  unknown  factors  that could  cause the actual
results of the Company to be materially different from the historical results or
from any future results expressed or implied by such forward-looking statements.
In  addition  to   statements   which   explicitly   describe   such  risks  and
uncertainties,  readers are urged to consider  statements labeled with the terms
"believes",  "belief",  "expects",  "intends",  "anticipates"  or  "plans" to be
uncertain forward-looking  statements.  The forward looking statements contained
herein are also  subject  generally  to other risks and  uncertainties  that are
described from time to time in the Company's reports and registration statements
filed with the Securities and Exchange Commission.



Three  months  ended June 30, 1998  compared to the three  months ended June 30,
1997

Triangle  Imaging Group,  Inc. (the  "Company")  reported total revenues for the
second  quarter of 1998 of  $3,134,352,  which is an  increase  of 112% over the
Company's  second quarter 1997 revenues of $1,477,737.  The increase in revenues
resulted  from  sales  from  new  acquisitions,   increased  software  revenues,
increased  reoccurring  revenues,  and the  increased  sale of  outsourcing  and
consulting  services,  which can be  attributed  to an increase in the Company's
larger  sales  force.  The  increase in software  revenues  was  affected by the
release for sale of its ACES 98 software program in June 1998.

Engineered Business Systems, Inc. (EBS) contributed sales for the second quarter
of 1998 in the  amount of  $1,635,518.  Reoccurring  revenues  in the CRISTM and
ACESTM  product lines  constituted  49% of EBS's  revenues in the second quarter
1998.  Revenues from the ACESTM product line  contributed 14% of the reoccurring
revenues  for the  second  quarter  1998  while the  remaining  35% of  revenues
contributed to  reoccurring  revenues were derived from the CRISTM product line.
Reoccurring revenues consist of annual software maintenance contracts, technical
support revenues,  revenues generated on a per report basis and monthly software
rental programs.  New sales of CRISTM products  constituted 7% of EBS's revenues
for second  quarter 1998 and new sales of ACESTM  products  comprised 14% of the
revenues. Outsourcing revenues accounted for approximately 27% of EBS's revenues
in second quarter 1998.
Other income comprised the remaining 3% of revenues for the second quarter 1998.

QuickCREDIT  Corp. (QCC), a wholly owned subsidiary of the Company that acquired
Credit Bureau Services, Inc., as of April 30, 1998, Florida Credit Bureau, Inc.,
and EJG  Services,  Inc., as of May 22, 1998,  contributed  sales for the second
quarter of 1998 in the amount of $511,393. Of the QCC sales 100% of the revenues
were derived from the sale of individual and residential  mortgage credit report
products,  primarily  consisting of merged in-file credit reports and RMCRs. QCC
was formed in February of 1998.

TriMax  Systems  Inc.,  acquired  on May 29,  1998  along  with Multi Task Inc.,
contributed sales for the second quarter of 1998 in the amount of $986,442.  The
two companies  now operate as TriMax  Systems,  Inc. Of the TriMax  Systems Inc.
sales, $637,281 was due to the sale of computer hardware and $349,161 was due to
sale of consulting services and installation charges.

The cost of revenues  was  $944,013  in the second  quarter  1998,  which was an
increase from the Company's second quarter 1997 costs of $381,087. Gross profit,
$2,190,339,  as a  percentage  of  revenues  was 70% in second  quarter  1998 as
compared to the 74%, or $1,096,650, for the second quarter 1997. The increase in
costs and decrease in gross profit as a percentage  resulted  primarily from the
acquisition  of TriMax Systems Inc. and MultiTask Inc. and the increased cost of
goods sold and decreased  profits margins for its hardware derived sales as well
as Triangle management's  operational efficiencies not having the time to become
effective after its acquisitions.

Selling,  general and  administrative  expenses  were  $1,662,638  in the second
quarter  1998  compared  to  $774,244  in the 1997  comparable  period,  an 114%
increase  of  $888,394  and a cost of  revenues  increase  of 1%.  The  monetary
increase  in  selling,  general,  and  administrative  expenses  was  due to the
increased  expenses  associated  with  higher  sales,  continued  and  increased
investment  in its product  lines while the increase as a percentage of revenues
was due to Triangle management's operational efficiencies not having the time to
become effective in its acquisitions.  Sales and earnings increases,  due to the
hiring,  training and development of new sales  representatives  and consultants
during the second  quarter,  are not expected to reach maximum  potential  until
sometime in the third  quarter of 1998.  Expenses also include  additional  data
processing equipment,  salaries, training, travel and starting bonuses for newly
hired consultants and sales personnel not expected to continue in the future.

Non-cash  imputed  compensation  expense  for the second  quarter  1998 was
$49,640, compared to $28,045 for second quarter 1997.

The Company's net income, in second quarter 1998, reflects non-recurring charges
associated with acquisitions totaling $151,200.  This was a direct result of the
duplicative costs of redundant facilities including rent, telephones, personnel,
the conversion of data centers and other non-recurring  expenses associated with
the acquisition and transition of Credit Bureau Services,  Inc.,  Florida Credit
Bureau, Inc, EJG Services, Inc., TriMax Systems Inc. and MultiTask Inc.

Interest expense was $43,156 in the second quarter 1998,  compared to $33,298 in
the second quarter 1997, reflecting interest paid on a promissory note. Minority
interest for the second quarter 1998 was eliminated by the Company acquiring the
remaining 5% of the outstanding shares from the minority shareholders of EBS.

The Company's net income was $239,200 for the second quarter 1998 as compared to
the net income of $190,195 for the second  quarter 1997. The increase in the net
income in the second quarter 1998 is primarily  attributable to a combination of
all the factors discussed above.



Liquidity and Capital Resources

The  Company has funded the vast  majority  of its  working  capital and capital
expenditure  requirements  with cash  provided  from  operations  and from money
raised from the sale of restricted Common Stock to employees of the Company. The
management of the Company believes cash flows from continuing operations will be
sufficient to fund expenditures into the foreseeable future.

At June 30, 1998,  the Company had a cash  position of $827,409,  an increase of
39% from the cash  position of $592,450 as of June 30,  1997.  The June 30, 1998
cash  position was derived from  accumulation  of $302,400 from  operating  cash
flows as well as an  accumulation of $910,858 raised through the sale of private
placement  shares of common stock to employees  of the Company.  Cash  resources
were used for the cash portion of the  acquisition  of Credit  Bureau  Services,
Inc., Florida Credit Bureau, Inc, and EJG Services, Inc., as well as for working
capital infusion to the subsidiary companies.

Management believes that the expenses incurred during the quarter for the hiring
and training of new  consultants and sales personnel will begin to pay dividends
in the form of increased  sales and net earnings  beginning in the third quarter
of this year. The talent, ability and experience of new personnel recently hired
can be compared favorably to any successful  organization.  This,  combined with
the full quarter of our new ACES 98 software  product,  and the release of DESC,
our newest software package  scheduled for this quarter,  will insure that sales
will increase more rapidly.

Management further believes that the experience obtained from the five completed
acquisitions  during  the  second  quarter  will  prove  to be  invaluable.  The
transition team assembled by Triangle to consolidate  operations of the acquired
companies has gained the experience to make future acquisition  transitions much
smoother.



Year 2000

The Company  recognizes that a challenging  problem exists in that many computer
systems worldwide do not have the capability of recognizing the year 2000 or the
years thereafter.  No easy technological  "quick fix" has yet been developed for
this problem.  The Company has spent a considerable  sum of money to assure that
all its software  programs are year 2000  compliant  and believes  that they all
are.  This  "Year 2000  Computer  Problem"  creates  risk for the  company  from
unforeseen  problems in its own  software  and from third  parties with whom the
company  deals.  Such  failures of the Company  and/or third  parties'  computer
systems could have a material  adverse  effect on the Company and its ability to
conduct its business in the future.



Inflation

The Company does not believe that inflation has had a material adverse effect on
sales or income during the past several years. Increases in the cost of supplies
and services,  or other operating  costs,  could adversely  affect the Company's
operations;  however,  the Company  believes it could increase  prices to offset
increases in costs of goods sold or other operating costs.



<PAGE>





PART II -- Other Information

Item 6.           Exhibit and Reports on Form 8-K

         A.       Exhibits

                  None.

         B.       Report on Form 8-K

                  Form 8-K dated April 30, 1998.



<PAGE>





                                   SIGNATURES

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



                          TRIANGLE IMAGING GROUP, INC.


Dated:  August 11, 1998          By: /s/  Vito A.Bellezza
      ------------------             --------------------------------------
                                     Vito Bellezza
                                        President, Chairman of the Board,
                                        Chief Financial Officer, Chief Executive
                                        Officer and Director