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 September 30, 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 3 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) had  been  subject  to such  filing
requirements for the past 90 days.

                                   _X_   Yes __No

There were 9,963,642  shares of the Registrant stock $.01 par value common stock
outstanding as of October 31, 2000.

<PAGE>

                            RMED International, Inc.

                         Condensed Financial Statements

                                Table of Contents



                                                                           PAGE


PART I. Item 1.

        Condensed Balance Sheets as of September 30, 2000 and               F-1
        December 31, 1999

        Condensed Statements of Earnings for the three and                  F-2
        nine month periods ended September 30, 2000 and 1999

        Condensed Statements of Cash Flows for the three and                F-3
        nine month periods ended September 30, 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

        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  September  30, 2000 no reports on
                  Form 8-K were filed by the  Company  with the  Securities  and
                  Exchange Commission.

Signatures                                                                   8

<PAGE>

                            RMED International, Inc.
                            Condensed Balance Sheets
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                             September 30,   December 31,
                                                                 2000            1999
                                                             ------------    -----------
<S>                                                           <C>            <C>
       ASSETS

CURRENT ASSETS
       Cash                                                   $       --    $  442,394
       Marketable securities                                          --        32,715
       Accounts receivable, less allowance for doubtful          818,420     1,574,715
            accounts of $30,000 and $25,000
       Inventory                                               1,294,463     1,814,339
       Deposits on equipment                                          --       550,000
       Prepaids and other                                        429,896       296,316
                                                              ----------    ----------

                  Total current assets                         2,542,779     4,710,479

 PROPERTY AND EQUIPMENT
       Land and building                                         252,269       245,000
       Furniture and office equipment                            148,840       126,535
       Machinery and equipment                                 5,430,400     2,166,083
                                                              ----------    ----------
                                                               5,831,509     2,537,618
       Less accumulated depreciation                             686,582       352,161
                                                              ----------    ----------
                                                               5,144,927     2,185,457

 OTHER ASSETS                                                    404,911       451,435
                                                              ----------    ----------

                                                              $8,092,617    $7,347,371
                                                              ==========    ==========


       LIABILITIES AND STOCKHOLDERS'
                EQUITY (DEFICIT)

 CURRENT LIABILITIES
       Note payable to bank                                   $  665,731    $1,847,904
       Current maturities of long-term obligations               982,508       853,900
       Accounts payable                                        1,944,081     1,971,338
       Customer deposits                                              --       500,000
       Accrued liabilities                                       439,147       525,779
                                                              ----------    ----------
                Total current liabilities                      4,031,467     5,698,921

 LONG-TERM OBLIGATIONS, less current maturities                3,907,788     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 9,963,642  and 9,609,422 outstanding       99,636        96,094
       Common stock to be issued, 450,000 shares                      --       315,000
       Additional paid-in capital                              7,959,143     7,702,900
       Accumulated deficit                                     7,671,417)    7,919,728)
                                                              ----------    ----------

                                                                 387,362       194,266

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

                                                                 153,362       (39,734)
                                                              ----------    ----------

                                                              $8,092,617    $7,347,371
                                                              ==========    ==========
</TABLE>

      The accompanying notes are an integral part of these statements


                                       F-1
<PAGE>

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

<TABLE>
<CAPTION>

                                        Three Months Ended September 30,      Nine Months Ended September 30,
                                        --------------------------------      -------------------------------
                                             2000              1999               2000               1999
                                        ------------        ----------        ----------          -----------
<S>                                     <C>                <C>                <C>                <C>
SALES                                   $2,449,779          $3,692,032        $9,578,943          $11,533,408

COST OF GOODS SOLD                       1,855,107           2,309,387         7,096,047            6,655,614
                                        ----------          ----------        ----------          -----------

      GROSS PROFIT                         594,672           1,382,645         2,482,896            4,877,794

OPERATING EXPENSES
      Sales and Marketing                  465,331           1,096,477         1,633,926            3,563,963
      General and Administrative           315,797             346,948         1,081,464              946,634
                                        ----------          ----------        ----------          -----------
                                           781,128           1,443,425         2,715,390            4,510,597

      OPERATING INCOME (LOSS)             (186,456)            (60,780)         (232,494)             367,197

OTHER INCOME (EXPENSE)
      Interest income                        5,364               6,468            14,402               16,785
      Interest expense                    (126,626)            (79,449)         (363,775)            (200,459)
      Other                                380,722              14,411           830,178               46,576
                                        ----------          ----------        ----------          -----------

                                           259,460             (58,570)          480,805             (137,098)
                                        ----------          ----------        ----------          -----------

NET INCOME (LOSS) BEFORE INCOME TAXES       73,004            (119,350)          248,311              230,099

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

NET INCOME (LOSS)                       $   73,004          $ (119,350)       $  248,311          $   230,099
                                        ==========          ==========        ==========          ===========

BASIC NET EARNINGS PER SHARE            $     0.01          $    (0.01)       $     0.02          $      0.02
                                        ==========          ==========        ==========          ===========

DILUTED NET EARNINGS PER SHARE          $     0.01          $    (0.01)       $     0.02          $      0.02
                                        ==========          ==========        ==========          ===========

WEIGHTED AVERAGE SHARES - BASIC          9,963,859           9,293,877         9,973,776            9,240,172
                                        ==========          ==========        ==========          ===========

WEIGHTED AVERAGE SHARES - DILUTED        9,963,859           9,293,877         9,975,098           10,370,090
                                        ==========          ==========        ==========          ===========
</TABLE>

         The accompanying notes are an integral part of these statements


                                       F-2
<PAGE>

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

<TABLE>
<CAPTION>
                                                               Nine Months Ended September 30,
                                                               -------------------------------
                                                                    2000              1999
                                                               -------------------------------
<S>                                                            <C>            <C>
Cash flows from operating activities
      Net income                                               $   248,311      $   230,099
      Adjustments to reconcile net income  to cash
         flows from operating activities
              Depreciation and amortization                        361,207          220,891
              Other                                                     --           (9,876)
              Changes in operating assets and liabilities
                    Accounts receivable                            756,295         (555,406)
                    Inventory                                      519,876         (503,033)
                    Prepaid and other                              416,420           92,310
                    Accounts payable and accrued liabilities      (613,889)         369,313
                                                               -----------      -----------
                    Cash flows provided by (used in)
                           operating activities                  1,688,220         (155,702)

Cash flows from investing activities
      Purchase of equipment                                       (553,097)         (13,591)
      Net proceeds from sale of investments                         32,715               --
      Payments received on notes receivable                         19,738           22,788
                                                               -----------      -----------


      Cash flows provided by (used in) investing activities       (500,644)           9,197

Cash flows from financing activities
      Proceeds from notes payable issued to directors                   --          500,000
      Proceeds from exercise of stock options                           --           43,095
      Repurchase of stock                                          (66,984)              --
      Sale of stock                                                 11,769               --
      Net payments on line of credit                            (1,182,173)      (1,897,000)
      Proceeds from sale and leaseback of equipment                     --        2,000,000
      Payments on loans from officer                                    --          (59,934)
      Payments on capital leases                                  (392,582)        (560,160)
                                                               -----------      -----------

      Cash flows provided by (used in) financing activities     (1,629,970)          26,001
                                                               -----------      -----------

Net decrease in cash                                              (442,394)        (120,504)

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

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

Supplemental disclosure of cash flow information and noncash
 investing and financing activities:
      Cash paid for interest                                   $   428,223      $   200,459
</TABLE>

      During June 2000, the company acquired equipment under a capital lease and
      a note payable in the amounts of $2,420,794 and $320,000.

      During  September 1999, the company  received 300,000 shares of its common
      stock for post  merger  adjustments.  These  shares  are held as  treasury
      shares.

      During July 1999,  the company  entered into a capital  lease for the sale
      leaseback of equipment totaling $2,015,339.

      The accompanying notes are an integral part of these statements.


                                      F-3
<PAGE>

                            RMED International, Inc.
                     Notes to Condensed Financial Statements
                               September 30, 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 of America 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 and nine months ended September
30, 2000 are not  necessarily  indicative of the operating  results for the year
ending December 31, 2000.

Certain  amounts have been  reclassified  to conform to the  September  30, 2000
financial statement presentation.

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

                                                 September 30,      December 31,
                                                     2000               1999
                                                     ----               ----
Raw materials                                    $  501,499         $1,087,933
Finished goods                                      792,964            726,406
                                                 ----------         ----------
                                                 $1,294,463         $1,814,339
                                                 ==========         ==========

Note C - Concentrations
For the  nine  months  ended  September  30,  2000,  revenues  of  approximately
$2,620,000 were from one customer.  Of this amount,  $822,000 was charged to the
customer for not meeting certain purchase  requirements during the period and is
recorded as other income.  At September 30, 2000,  approximately  $26,000 is due
the Company from this  customer.  During the quarter,  this  customer  filed for
bankruptcy,  and the Company  reserved for the entire amount of this  customer's
balance.

Note D - Income Taxes
The provision for income taxes for the three and nine months ended September 30,
2000 and 1999 have been  offset  principally  by a  reduction  in the  valuation
allowance for deferred taxes.


                                       F-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 branded
      labels  and  private  branded  labels.  The  Company  operates  two secure
      websites where customers can place orders for home delivery. The addresses
      are www.tushies.com and www.diapers4less.com.

      MATERIAL CHANGES IN FINANCIAL POSITION

      Total assets of the Company increased $745,246 from $7,347,371 at December
      31, 1999 to  $8,092,617  at September  30, 2000, an increase of 10% due to
      the acquisition of new machinery and equipment.

      During the nine month period ended September 30, 2000, net working capital
      decreased  by  $500,246  or 51%  primarily  due to  decreases  in accounts
      receivable and inventory.

      Total  liabilities  at  September  30,  2000 were  $7,939,255  compared to
      $7,387,105  at December 31, 1999.  The increase was  primarily  due to the
      addition of a capital lease obligation for a diaper machine.

      Total stockholders' equity increased $193,096 during the nine month period
      ended  September  30,  2000  primarily  due to net income and  issuance of
      common stock, offset by the repurchase of stock.

      MATERIAL CHANGES IN RESULTS OF OPERATIONS

      Net  sales for the  quarter  ended  September  30,  2000  were  $2,449,779
      compared to  $3,692,032  for the  quarter  ended  September  30,  1999,  a
      decrease of $1,242,253. The decrease in sales dollars of 34% was primarily
      a result of the sales mix moving  from  branded  label sales with a higher
      selling  price to private  label sales with a lower  selling  price.  This
      change was done to reduce related selling expenses.

      Gross profit as a percentage of sales  decreased  from 37% for the quarter
      ended  September 30, 1999 to 24% in the quarter  ended  September 30, 2000
      due to higher emphasis on sales to private label  customers  versus retail
      customers.

      Sales and marketing expenses for the quarter ended September 30, 2000 were
      $465,331  compared to $1,096,477 for the quarter ended September 30, 1999,
      a decrease of 58% due to reductions in promotional  activities with retail
      customers.

      Net  income  for the  quarter  ended  September  30,  2000 was  $73,004 as
      compared to a net loss of ($119,350)  for the quarter ended  September 30,
      1999.


                                        5
<PAGE>

Item 2.  MANAGEMENT'S DISCUSSION cont'd

      Liquidity and Capital Resources

      At September 30, 2000,  current  liabilities  exceeded  current  assets by
      $1,488,688  compared with $988,442 at September 30, 1999.  The decrease in
      working capital is primarily due to a decrease in accounts  receivable and
      inventory.

      As of  September  30,  2000 the  Company's  long term  debt is  $3,907,788
      consisting of capital leases of  ($3,272,953),  notes payable  ($134,835),
      and notes payable to directors ($500,000). The Company believes it has the
      ability through its line of credit and other  available  resources to fund
      its current operations through September 30, 2001.

      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>

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:  November 14, 2000

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