SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   Form 10-QSB

                QUARTERLY REPORT PERSUANT TO SECTION 13 OR 15(d)
                   OF THE SECURITIES AND EXCHANGE ACT OF 1934

                  For the quarterly period ended March 31, 2000

                           Commission File No. 0-14696

                            RMED International, Inc.
                            ------------------------
             (Exact Name of Registrant and Specified in its Charter)

        Colorado                                      84-0898302
(State of Incorporation)                 (I.R.S. Employer Identification Number)

                             3925 North Hastings Way
                              Eau Claire, WI 54703
                              --------------------
                          (Address of Principal Office)

                                 (715) 831-0280
                                 --------------
                         (Registrant's Telephone Number)

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: Common Stock $.01
                                                            Par value
                                                            (Title of Class)

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 periods that the Registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                             |X| Yes     |_| No

There were 9,975,642 shares of the Registrant stock $.01 par value common stock
outstanding as of March 31, 2000.

<PAGE>

                            RMED International, Inc.

                         Condensed Financial Statements

                                Table of Contents

                                                                            PAGE

PART I.  Item 1.

         Condensed Balance Sheets as of March 31, 2000 and                   F-1
         December 31, 1999

         Condensed Statements of Earnings for the three months               F-2
         ended March 31, 2000 and 1999

         Condensed Statements of Cash Flows for the three months             F-3
         ended March 31, 2000 and 1999

         Notes to Condensed Financial Statements                             F-4

         Item 2.

         Management's Discussion and Analysis of Financial Condition           5
         and Results of Operations

PART II. Other Information                                                     7

         Signatures                                                            8

<PAGE>

                            RMED International, Inc.
                            Condensed Balance Sheets
                                   (Unaudited)

                                                    March 31,       December 31,
                                                      2000             1999
                                                   -----------      ------------

                      ASSETS

CURRENT ASSETS
  Cash                                             $      --        $   442,394
  Marketable securities                                   --             32,715
  Accounts receivable, less allowance
     for doubtful accounts of $14,500
     and $25,000                                     2,666,057        1,574,715
  Inventory                                          1,647,330        1,814,339
  Deposits on equipment                                550,000          550,000
  Prepaids and other                                   365,054          296,316
                                                   -----------      -----------
             Total current assets                    5,228,441        4,710,479

PROPERTY AND EQUIPMENT
  Land and building                                    245,000          245,000
  Furniture and office equipment                       127,505          126,535
  Machinery and equipment                            2,217,723        2,166,083
                                                   -----------      -----------
                                                     2,590,228        2,537,618
  Less accumulated depreciation                        465,405          352,161
                                                   -----------      -----------
                                                     2,124,823        2,185,457

OTHER ASSETS                                           430,172          451,435
                                                   -----------      -----------

                                                   $ 7,783,436      $ 7,347,371
                                                   ===========      ===========

     LIABILITIES AND STOCKHOLDERS'
          EQUITY (DEFICIT)

CURRENT LIABILITIES
  Note payable to bank                             $ 1,738,169      $ 1,847,904
  Current maturities of long-term
     obligations                                       494,886          853,900
  Accounts payable                                   2,663,876        1,971,338
  Customer deposits                                    500,000          500,000
  Accrued liabilities                                  407,557          525,779
                                                   -----------      -----------
             Total current liabilities               5,804,488        5,698,921

LONG-TERM OBLIGATIONS, less current
  maturities                                         1,962,113        1,688,184

STOCKHOLDERS' EQUITY (DEFICIT)
  Common stock, $.01 par value;
     50,000,000 shares authorized;
     10,492,922 and 10,042,922 shares
     issued and 9,975,642 and
     9,609,422 outstanding                              99,756           96,094
  Common stock to be issued,
     450,000 shares                                       --            315,000
  Additional paid-in capital                         7,963,061        7,702,900
  Accumulated deficit                               (7,811,982)      (7,919,728)
                                                   -----------      -----------

                                                       250,835          194,266

  Less notes receivable from
     stockholders                                      234,000          234,000
                                                   -----------      -----------

                                                        16,835          (39,734)
                                                   -----------      -----------

                                                   $ 7,783,436      $ 7,347,371
                                                   ===========      ===========

The accompanying notes are an integral part of these statements


                                      F-1
<PAGE>

                            RMED International, Inc.
                        Condensed Statements of Earnings
                                   (Unaudited)

                                                      Three Months Ended
                                               ---------------------------------
                                               March 31, 2000     March 31, 1999
                                               --------------     --------------

SALES                                           $  4,486,369       $  3,901,706

COST OF GOODS SOLD                                 3,287,106          2,194,364
                                                ------------       ------------

  GROSS PROFIT                                     1,199,263          1,707,342

OPERATING EXPENSES
  Sales and Marketing                                539,459          1,125,723
  General and Administrative                         428,366            285,675
                                                ------------       ------------
                                                     967,825          1,411,398

  OPERATING INCOME                                   231,438            295,944

OTHER INCOME (EXPENSE)
  Interest income                                      3,621              6,467
  Interest expense                                  (129,752)           (59,189)
  Gain on sale of assets                                --               19,235
  Other                                                2,439               --
                                                ------------       ------------

                                                    (123,692)           (33,487)
                                                ------------       ------------

NET EARNINGS BEFORE INCOME TAXES                     107,746            262,457

PROVISION FOR INCOME TAXES                              --                 --
                                                ------------       ------------

NET EARNINGS                                    $    107,746       $    262,457
                                                ============       ============

BASIC EARNINGS PER SHARE                        $       0.01       $       0.03
                                                ============       ============

DILUTED EARNINGS PER SHARE                      $       0.01       $       0.02
                                                ============       ============

WEIGHTED AVERAGE SHARES - BASIC                    9,983,584          9,205,680
                                                ============       ============

WEIGHTED AVERAGE SHARES - DILUTED                  9,987,552         10,511,882
                                                ============       ============

The accompanying notes are an integral part of these statements


                                      F-2
<PAGE>

                            RMED International, Inc.
                        Condensed Statement of Cash Flows
                                   (Unaudited)

                                                        Three Months Ended
                                                   ----------------------------
                                                    March 31,        March 31,
                                                      2000             1999
                                                   -----------      -----------

Cash flows from operating activities
  Net income                                       $   107,746      $   262,457
  Adjustments to reconcile net
     income to cash flows from
     operating activities
        Depreciation and amortization                  113,244           69,873
  Changes in assets and liabilities
        Accounts receivable                         (1,091,342)         (63,337)
        Inventory                                      167,009         (153,868)
        Prepaid and other                              (68,738)           7,112
        Accounts payable and
          accrued liabilities                          574,316          447,689
                                                   -----------      -----------
          Cash flows provided by
             (used in) operating
             activities                               (197,765)         569,926

Cash flows from investing activities
  Net proceeds from sale of
     Investments                                        32,715             --
  Payments received on notes
     receivable                                          4,093            9,706
  Decrease in other assets                              17,170              250
  Purchase of equipment                                (52,610)         (10,630)
                                                   -----------      -----------
     Cash flows provided by (used in)
        investing activities                             1,368             (674)

Cash flows from financiang activities
  Loans from directors                                    --            500,000
  Proceeds from exercise of stock
     options                                              --             12,500
  Purchase of stock                                    (62,946)            --
  Sale of stock                                         11,769             --
  Payments on bank line-of-credit, net                (109,735)        (989,000)
  Payments on loans from officer                          --            (54,934)
  Payments on capital leases                           (84,157)          (1,935)
  Payments on mortgage note                               (928)          (1,079)
                                                   -----------      -----------

  Cash flows used in financing
     activities                                       (245,997)        (534,448)
                                                   -----------      -----------

Net increase (decrease) in cash                       (442,394)          34,804

  Cash, Beginning of period                            442,394          120,504
                                                   -----------      -----------

  Cash, End of period                              $      --        $   155,308
                                                   ===========      ===========

Supplemental disclosure of cash flow
  information
  Cash paid for interest                           $   122,738      $    59,189

The accompanying notes are an integral part of these statements


                                      F-3
<PAGE>

                            RMED International, Inc.
                     Notes to Condensed Financial Statements
                        Three Months Ended March 31, 2000
                                   (Unaudited)

Note A - General

The accompanying  unaudited condensed financial statements have been prepared in
accordance  with the  instructions  to Form 10-QSB and do not include all of the
information and notes required by accounting  principles  generally  accepted in
the  United  States  for  interim  financial  statements.   In  the  opinion  of
management,  all  material  adjustments,  consisting  of only  normal  recurring
adjustments  considered  necessary for a fair presentation,  have been included.
These statements should be read in conjunction with the financial statements and
notes thereto  included in the Company's Form 10-KSB for the year ended December
31,  1999.  Operating  results for the three months ended March 31, 2000 are not
necessarily indicative of the operating results for the year ending December 31,
2000.

Note B - Inventory

Inventory is valued at the lower of cost (first-in,  first-out) or market value.
Inventories consist of the following:

                                             March 31,   December 31,
                                               2000         1999
                                               ----         ----

             Raw materials                  $  943,571   $1,087,933
             Finished goods                    703,759      726,406
                                            ----------   ----------
                                            $1,647,330   $1,814,339
                                            ==========   ==========

Note C - Note Payable to Bank

During  the  quarter  ended  March 31,  2000,  the  Company  amended  its credit
agreement  with Wells  Fargo.  The  amendment  resulted  in an  increase  in the
Company's  interest  rates and changes to the  financial  covenants.  During the
quarter, the Company was in default with certain covenants.  The Company expects
to receive a waiver for their non- compliance.

Note D - Stockholders' Equity

During the quarter ended March 31, 2000 the Company purchased and sold shares of
the Company's stock. The Company accounted for these transactions using the cost
method.


                                        4
<PAGE>

Item 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL
        CONDITION AND RESULTS OF OPERATIONS

      RMED International, Inc. (the "Company", "RMED") manufactures, markets and
      sells  disposable  baby  diapers  and related  products  under its own and
      private branded labels.

      MATERIAL CHANGES IN FINANCIAL POSITION

      Total assets of the Company increased $436,065 from $7,347,371 at December
      31, 1999 to $7,783,436 at March 31, 2000.

      Accounts receivable  increased  $1,091,342 from $1,574,715 at December 31,
      1999 to  $2,666,057  at March 31, 2000.  The increase was primarily due to
      amounts due from one major customer.

      Current  maturities of long term debt decreased  $359,014 from $853,900 at
      December  31,  1999 to  $494,886  at March  31,  2000.  The  decrease  was
      primarily due to the  reclassification  of notes payable to directors from
      current to long term debt.

      Accounts payable  increased  $692,538 from $1,971,338 at December 31, 1999
      to  $2,663,876  at March 31, 2000.  The increase was  primarily due to the
      reduced   cashflow  caused  by  the   significant   increase  in  accounts
      receivable.

      MATERIAL CHANGES IN RESULTS OF OPERATIONS

      Net sales for the quarter ended March 31, 2000 were $4,486,369 compared to
      $3,901,706  for the quarter  ended March 31, 1999, an increase of $584,663
      due to the Company's increased private label sales.

      Gross profit as a percentage of sales decreased from 43.8% for the quarter
      ended March 31, 1999 to 26.7% in the quarter ended March 31, 2000,  due to
      higher  emphasis  on  sales  to  private  label  customers  versus  retail
      customers.

      Sales and  Marketing  expenses  for the quarter  ended March 31, 2000 were
      $539,459  compared to  $1,125,723  for the quarter ended March 31, 1999, a
      decrease of $586,264.  The decrease was due  primarily to the reduction in
      promotional  expenses  associated  with retail  customers such as coupons,
      advertising billbacks and slotting fees.


                                        5
<PAGE>

Item 2. MANAGEMENT'S DISCUSSION, cont.

      Net income for the quarter  ended March 31, 2000 was $107,746  compared to
      $262,457  for  the  quarter   ended  March  31,  1999.  An  adjustment  of
      approximately  $150,000 for advertising billbacks in the fourth quarter of
      1999  should  have been  included  in the first  quarter of 1999.  If this
      adjustment  had been made in the first  quarter of 1999,  net income would
      have been $112,457 or more comparable to the first quarter of 2000.

      Liquidity and Capital Resources

      At March 31, 2000 the Company had working capital of ($576,047) consisting
      of $5,228,441 in current assets and $5,804,488 in current liabilities.

      As of March 31, 2000 the Company's long term debt is $1,962,113 consisting
      of capital leases ($1,462,113) and notes payable to directors  ($500,000).
      The Company has the ability through its line of credit and other available
      resources to fund its current operations through December 31, 2000.

      The Company is planning for the installation of a second diaper machine in
      the Eau Claire,  Wisconsin facility during the second quarter of 2000. The
      total cost of this equipment is approximately  $2,500,000.  The Company is
      negotiating capital lease financing for this equipment acquisition.  It is
      anticipated  that the  deposit  on  equipment  of  $550,000  will  then be
      returned to the Company.

      Except for historical  matters contained herein, the matters discussed are
      forward-looking  and made  pursuant to the safe harbor  provisions  of the
      Private Securities  Litigation Reform Act of 1995. Investors are cautioned
      that these  forward-looking  statements may reflect numerous  assumptions,
      especially  sales and product  mix,  and involve  risks and  uncertainties
      which may affect RMED  International,  Inc.'s  business and  prospects and
      cause  actual  results to differ  materially  from  these  forward-looking
      statements.


                                        6
<PAGE>

Part II. Other Information

      Items 1-5. Not applicable.

      Item 6. Exhibits and reports on Form 8-K.

              (a) Exhibits

                  Exhibit 11 - Statement regarding computation of per share
                               earnings.

                  Exhibit 27 - Financial Data Schedule

                  (b) Reports on form 8-K

                        In the three  months  ended March 31, 2000 no reports on
                        Form 8-K were filed by the Company  with the  Securities
                        and Exchange Commission.


                                        7
<PAGE>

Signatures

Pursuant  to the  requirements  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.

                                       RMED International, Inc.

Date: May 12, 2000

                                       /s/ Brenda Schenk
                                       ------------------------------
                                       Brenda Schenk
                                       President & Principal
                                       Financial Officer


                                        8