U.S. Securities and Exchange Commission
                             Washington, D.C. 20549

                                   Form 10-QSB

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

For the quarter ended:    March 31, 2000

Commission file no.:    0-25657


                      DIVERSIFIED PRODUCT INSPECTIONS, INC.
                                      f/k/a
                                SHOE KRAZY, INC.
          ------------------------------------------------------------
                 (Name of Small Business Issuer in its Charter)


            Florida                                           65-0877741
------------------------------------                        -------------------
(State or other jurisdiction of                             (I.R.S.Employer
incorporation or organization)                              Identification No.)

3 Main Street
Oakridge, TN                                                   37830
------------------------------------------                  ----------------
(Address of principal executive offices)                    (Zip Code)

Issuer's telephone number: (423) 482-8480

Securities to be registered under Section 12(b) of the Act:

   Title of each class                                 Name of each exchange
                                                       on which registered

            None                                            None
-----------------------------------                -----------------------------

Securities to be registered under Section 12(g) of the Act:

                    Common Stock, $.0001 par value per share
            --------------------------------------------------------
                                (Title of class)


Copies of Communications Sent to:
                                     Donald F. Mintmire
                                     Mintmire & Associates
                                     265 Sunrise Avenue, Suite 204
                                     Palm Beach, FL 33480
                                     Tel: (561) 832-5696 - Fax: (561) 659-5371


<PAGE>




            Indicate by 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  X                  No
                           ----                    ----

            As of March 31,2000,  there are 11,116,900 shares of voting stock of
the registrant issued and outstanding.




<PAGE>



                                     PART I

          Item 1. Financial Statements






                          INDEX TO FINANCIAL STATEMENTS


Consolidated Balance Sheets..........................................F-2

Consolidated Statements of Operations................................F-3

Consolidated Statements of Stockholders' Equity (Deficiency).........F-4

Consolidated Statements of Cash Flows................................F-5

Notes to Consolidated Financial Statements...........................F-6









                                                                             F-1

<PAGE>


<TABLE>
<CAPTION>
                      Diversified Product Inspections, Inc.
                           Consolidated Balance Sheets


                                                              December 31,         March 31,
                                                                 1999                 2000
                                                            -------------------- ----------------
                                                                                  (audited)
                        ASSETS
<S>                                                         <C>                  <C>

CURRENT ASSETS
   Cash and equivalents                                     $             53,335 $        360,130
   Accounts receivable                                                    69,226           27,329
   Deferred tax assets                                                    22,556           22,556
                                                            -------------------- ----------------
           Total current assets                                          145,117          410,015
                                                            -------------------- ----------------

PROPERTY AND EQUIPMENT
   Equipment                                                              56,639          100,032
   Vehicles                                                               45,886           45,886

         Less accumulated depreciation                                   (32,722)         (41,358)
                                                            -------------------- ----------------

           Net property and equipment                                     69,803          104,560
                                                            -------------------- ----------------

OTHER ASSETS
   Deposit on real property                                                    0          215,000
                                                            -------------------- ----------------
           Total other assets                                                  0          215,000
                                                            -------------------- ----------------

Total Assets                                                $            214,920 $        729,575
                                                            ==================== ================

          LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)

CURRENT LIABILITIES
   Accounts payable                                         $             15,935 $         16,270
   Accrued expenses
       Income taxes                                                       11,401           14,779
       Salaries                                                          298,275          319,875
   Current portion of long-term debt                                      10,551           16,836
   Line of credit payable                                                 21,585           17,585
                                                            -------------------- ----------------

          Total current liabilities                                      357,747          385,345
                                                            -------------------- ----------------

LONG-TERM DEBT
   Deferred taxes                                                          5,178            5,178
   Notes payable, net of current portion                                  31,915           59,015
   Loan from shareholder                                                   4,025            4,025
                                                            -------------------- ----------------

          Total long-term debt                                            41,118           68,218
                                                            -------------------- ----------------
Total Liabilities                                                        398,865          453,563
                                                            -------------------- ----------------

STOCKHOLDERS' EQUITY (DEFICIENCY)
  Common stock, $1.00 and $0.0001 par value,
     authorized 10,000,000 and 50,000,000 shares;
     9,000,000 and 11,116,900 issued and
     outstanding shares                                                9,000,000            1,112
  Additional paid-in capital                                          (8,639,900)         799,801
  Accumulated deficit                                                   (544,045)        (524,901)
                                                            -------------------- ----------------

          Total stockholders' equity (deficiency)                       (183,945)         276,012
                                                            -------------------- ----------------
Total Liabilities and Stockholders' Equity (Deficiency)     $            214,920 $        729,575
                                                            ==================== ================
</TABLE>




     The accompanying notes are an integral part of the financial statements


                                       F-2

<PAGE>


<TABLE>
<CAPTION>
                      Diversified Product Inspections, Inc.
                      Consolidated Statements of Operations
                          Three Months Ended March 31,
                                   (unaudited)



                                                                  1999                 2000
                                                           ------------------   ------------------
<S>                                                        <C>                  <C>

REVENUES                                                   $          154,395   $          289,444
                                                           ------------------   ------------------

OPERATING EXPENSES
    Compensation:
        Officers                                                       45,000               45,000
        Others                                                         40,806               74,557
    Depreciation                                                        3,689                6,712
    General and administrative                                         44,339              139,036
                                                           ------------------   ------------------

          Total operating expenses                                    133,834              265,305
                                                           ------------------   ------------------

 Operating Income                                                      20,561               24,139
                                                           ------------------   ------------------

OTHER INCOME (EXPENSE):
    Interest expense                                                     (653)              (1,616)
                                                           ------------------   ------------------

          Total other income (expense)                                   (653)              (1,616)
                                                           ------------------   ------------------

Net loss before income tax                                             19,908               22,523

    Income tax expense                                                  2,986                3,378
                                                           ------------------   ------------------

Net income                                                 $           16,922   $           19,145
                                                           ==================   ==================

Net loss per common share                                  $         0.002      $           0.002
                                                           ==================   ==================
Weighted average number of common shares outstanding                9,000,000           11,116,900
                                                           ==================   ==================
</TABLE>










     The accompanying notes are an integral part of the financial statements


                                       F-3

<PAGE>


<TABLE>
<CAPTION>
                      Diversified Product Inspections, Inc.
          Consolidated Statements of Stockholders' Equity (Deficiency)





                                                                                                                Total
                                                                            Additional                     Stockholders'
                                           Number of         Common          Paid-in                           Equity
                                             Shares          Stock           Capital          Deficit       (Deficiency)
                                        ----------------  --------------- ----------------- ------------- ---------------
<S>                                     <C>               <C>             <C>               <C>           <C>

BEGINNING BALANCE,
December 31, 1998                              9,000,000  $     9,000,000 $      (8,639,900)$    (530,576)$      (170,476)

Year ended December 31, 1999:
   Net loss                                            0                0                 0       (13,469)        (13,469)
                                        ----------------  --------------- ----------------- ------------- ---------------

BALANCE, December 31, 1999                     9,000,000        9,000,000        (8,639,900)     (544,045)       (183,945)

Three months ended March 31, 2000:
----------------------------------
(unaudited)
   Shares issued for cash                        241,900          241,900           198,760             0         440,660
   Reverse merger                              1,875,000       (9,240,788)        9,240,941             0             153
   Net income                                          0                0                 0        19,144          19,144
                                        ----------------  --------------- ----------------- ------------- ---------------

BALANCE, March 31, 2000 (unaudited)           11,116,900  $         1,112 $         799,801 $    (524,901)$       276,012
                                        ================  =============== ================= ============= ===============
</TABLE>











     The accompanying notes are an integral part of the financial statements


                                       F-4

<PAGE>


<TABLE>
<CAPTION>
                      Diversified Product Inspections, Inc.
                      Consolidated Statements of Cash Flows
                          Three Months Ended March 31,
                                   (unaudited)


                                                                           1999                   2000
                                                                       -------------------      -----------------
<S>                                                                    <C>                      <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
Net income                                                             $            16,922      $          19,144
Adjustments to reconcile net loss to net cash used by
  operating activities:
     Depreciation                                                                    3,689                  6,712
Changes in operating assets and liabilities:
     (Increase) decrease in accounts receivable                                    (15,553)                41,897
     Increase (decrease) in accounts payable                                        (2,076)                   335
     Increase (decrease) accrued salaries                                           39,990                 21,600
                                                                       -------------------      -----------------

Net cash  provided (used) by operating activities                                   42,972                 89,688
                                                                       -------------------      -----------------

CASH FLOW FROM INVESTING ACTIVITIES:
     Purchase of property and equipment                                            (37,886)               (42,241)
     Deposit on real property                                                            0               (215,000)
                                                                       -------------------      -----------------

Net cash provided (used) by investing activities                                   (37,886)              (257,241)
                                                                       -------------------      -----------------

CASH FLOW FROM FINANCING ACTIVITIES:
     Shareholder advances                                                                0                      0
     Shareholder advance repayments                                                (13,500)                     0
     Common stock sold for cash, net                                                     0                440,660
     Proceeds of  long-term debt                                                    32,272                 42,241
     Debt payments                                                                  (1,138)                (8,706)
                                                                       -------------------      -----------------

Net cash provided by financing activities                                           17,634                474,195
                                                                       -------------------      -----------------

Net increase (decrease) in cash and equivalents                                     22,720                306,642

CASH and equivalents, beginning of period                                           20,700                 53,335
                                                                       -------------------      -----------------

CASH and equivalents, end of period                                    $            43,420      $         359,977
                                                                       ===================      =================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

Interest paid in cash                                                  $              653       $           1,616
                                                                       ===================      =================
</TABLE>




     The accompanying notes are an integral part of the financial statements


                                       F-5


<PAGE>





                      Diversified Product Inspections, Inc.
                   Notes to Consolidated Financial Statements


(1) Summary of Significant Accounting Principles
      The   Company Diversified Product Inspections, Inc., (the "Company"), is a
            Florida  chartered  corporation  which  conducts  business  from its
            offices in Oak Ridge,  Tennessee.  The Company was  incorporated  on
            September  30,  1991.  The  Company  is  engaged  primarily  in  the
            inspection  and  investigation  of  product  liability  claims.  All
            investigators are licensed in the state where they practice.

            The  following   summarize  the  more  significant   accounting  and
reporting policies and practices of the Company:

            a)  Use  of  estimates  In  preparing  the   financial   statements,
            management is required to make estimates and assumptions that affect
            the reported amounts of assets and liabilities as of the date of the
            statements of financial condition, and revenues and expenses for the
            year then ended. Actual results may differ  significantly from those
            estimates.

            b) Net income  (loss) per common  share Basic net income  (loss) per
            weighted average common share is computed by dividing the net income
            (loss) by the weighted  average number of common shares  outstanding
            during the period.

            c) Property and  equipment All property and equipment is recorded at
            cost and depreciated over their estimated useful lives, generally 3,
            5  or  7  years,  using  the  straight-line  method.  Upon  sale  or
            retirement,  the  costs and  related  accumulated  depreciation  are
            eliminated from their respective accounts, and the resulting gain or
            loss  is  included  in  the  results  of  operations.   Repairs  and
            maintenance  charges  which do not  increase the useful lives of the
            assets are charged to operations as incurred.  Depreciation  expense
            was $3,689 and $6,712 for the three  months ended March 31, 1999 and
            2000, respectively.

            d) Cash and equivalents The Company  considers  investments  with an
            initial maturity of three months or less as cash equivalents.

            e) Principles of consolidated  The consolidated financial statements
            include the  accounts  of  Diversified Product Inspections, Inc. and
            its wholly owned subsidiary. Inter-company balances and transactions
            have been eliminated.

            f) Significant acquisition   In  March 2000, Shoe Krazy, Inc. issued
            9,241,900  shares  of  common  stock  to  acquire all the issued and
            outstanding  shares  of  the  common  stock  of  Diversified Product
            Inspections, Inc., a Florida corporation, in a reverse merger, which
            was  accounted  for  as  a  reorganization  of  Diversified  Product
            Inspections, Inc.

            g) Interim  financial  information The financial  statements for the
            three months ended March 31, 2000 and 1999 are unaudited and include
            all adjustments which in the opinion of management are necessary for
            fair  presentation,  and  such  adjustments  are  of  a  normal  and
            recurring  nature.   The  results  for  the  three  months  are  not
            indicative of a full year's results.

(2)         Stockholders' Equity The Company has authorized 10,000,000 shares of
            $1.00  par  value  common  stock.  The  Company  has  9,000,000  and
            11,116,900 shares of common stock issued and outstanding at December
            31, 1999 and March 31, 2000.


                                                                             F-6

<PAGE>





                      Diversified Product Inspections, Inc.
                   Notes to Consolidated Financial Statements


(2)         Stockholders'  Equity  (Continued)  In September  1991,  the Company
            issued  9,000,000  shares to its founder  for cash of $100.  Through
            September  1996,  the three  principal  officers and founders of the
            Company  contributed their services to the Company, in the amount of
            $24,000  each per year,  totaling  $72,000 per year and $360,000 for
            the five years. The Company recorded contributed capital and expense
            for each of those years.

            In January and February 2000, the Company sold 241,900 shares of the
            Company's  common stock for $440,660  cash,  net of offering  costs,
            under a Regulation D Rule 504 private  placement.  This offering was
            completed through a registered broker/dealer.

(3)         Income  Taxes  Deferred  income  taxes  (benefits)  are provided for
            certain  income  and  expenses  which are  recognized  in  different
            periods for tax and financial reporting purposes.  The Company had a
            net deferred income tax asset of $22,556 and net deferred income tax
            liability  of $5,178 at December  31, 1999 and March 31,  2000.  The
            deferred tax asset is composed of accruals not currently deductible,
            and the  deferred tax  liability  is composed of the net  difference
            between book and tax depreciation.

(4)         Going Concern As shown in the accompanying financial statements, the
            Company  incurred  a net loss  totaling  $13,500  for the year ended
            December 31, 1999,  net income of $19,000 for the three months ended
            March 31, 2000, and reflects  stockholders'  equity of approximately
            $276,000  as of March 31,  2000.  The  Company  has  entered  into a
            conditional  contract to purchase  certain real estate at a price of
            $1,800,000.  These  conditions  raise  substantial  doubt  as to the
            ability of the Company to continue as a going  concern.  The ability
            of the  Company to  continue as a going  concern is  dependent  upon
            increasing sales and obtaining additional capital and financing. The
            Company has retained a registered  broker/dealer to raise additional
            funds for the Company.  The financial  statements do not include any
            adjustments  that  might be  necessary  if the  Company is unable to
            continue as a going concern.

(5)         Long-Term  Debt The  Company  is  committed  to two auto  loans with
            remaining  balances  of $4,700 and  $27,000 at March 31,  2000.  The
            Company makes monthly loan payments of $200 and $600 on those loans.

(6)         Commitments  The Company  leased two facilities in Florida and North
            Carolina. In addition, the Company leases warehouse storage space in
            Florida and Tennessee.  The Florida office lease is a month-to-month
            lease at $920 per month. The Company is responsible for insuring the
            premises.  The North  Carolina  office  lease was $900 per month and
            expired May 1, 2000. The lease is now on a month-to-month basis. The
            warehouse  storage  lease is also  month to month,  and the  storage
            facility bills the Company monthly for space utilized.

            The Company is obligated under three  capitalized  equipment  leases
            with remaining  balances of $9,200,  $4,600 and $35,600 at March 31,
            2000.  Under  those  leases,  the Company is  obligated  to payments
            totaling  $10,000,  $16,000 and $22,400 for the twelve months ending
            March 31, 2001, 2002 and 2003, respectively, and none thereafter.

            In  February,  the  Company  entered  into a lease on a building  in
            Tennessee comprised with a floor area of approximately 30,000 square
            feet. The lease expires December 20, 2000 and the fixed minimum rent
            is $30,000  per month  (based on $12.00 per square  foot per annum).
            The  lessee has also  entered  into an  agreement  to  purchase  the
            facility. Lessee and lessor agree that portions of the fixed minimum
            payments  shall be applied to the purchase price under the agreement
            of sale that follows.



                                                                             F-7

<PAGE>





                      Diversified Product Inspections, Inc.
                   Notes to Consolidated Financial Statements


(6) Commitments (Continued):  If the  closing and the settlement date is set for
any date within the specified periods:

          (a)  December 20, 1999 and March 31, 2000, then 100%, or
          (b)  April 1, 2000 and June 30, 2000, then 85%, or
          (c)  July 1, 2000 and September 3, 2000, then 75%, or
          (d)  October  1, 2000 and  December  31,  2000,  then 50% of all fixed
               minimum  rent  payments  paid prior to  closing  shall be applied
               toward the purchase price.


            The Company is responsible  for taxes,  maintenance and insurance of
the premises under the terms of the lease.


(7)  Accrued Salaries

     Top level management,  which consists of three officers,  has not taken its
     full  salaries  of $50,000 in 1999and  $60,000 in 2000 per annum per person
     over the last three and two-quarter  years (October 1996 - March 2000). The
     Company  is  planning  on  setting  this  liability  by  cash,  stock  or a
     combination thereof, as soon as it becomes financially feasible. During the
     1st Quarters ended March 31, 2000 and 1999 the Company accrued salaries for
     these  officers  in  the  amount  of  $21,600  and  $39,990,  respectively.
     Consequently, total accrued salaries consist of $319,875 at March 31, 2000.




                                                                             F-8



<PAGE>



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

General

            Diversified  Products  Inspections, Inc., f/k/a/ Shoe Krazy, Inc., a
Florida  corporation,  (the "Company") was initially a development stage company
with  limited  assets  or  capital,  and  with no  operations  or  income  since
approximately  1994.  However, in March 2000, the Company was able to facilitate
an acquisition  of an operating  business.  [See:  Part II. Item 6. Exhibits and
Reports on Form 8-K - Exhibit No. 2.1]

            On March 13, 2000,  Shoe Krazy,  Inc.,  (the  "Company"),  a Florida
corporation,  and  Diversified  Product  Inspections,  Inc.,("DPI"),  a  Florida
corporation,  and the  individual  holders of 100%(One  Hundred  Percent) of the
outstanding    capital   stock   of   DPI   (the   "Holders")    consummated   a
re-organization(the  "Reorganization")  pursuant to a certain Agreement and Plan
of  Reorganization  ("Agreement") of such date.  Pursuant to the Agreement,  the
Holders  tendered to the Company  100% of the issued and  outstanding  shares of
common  stock of DPI in exchange for  10,875,000  plus  additional  shares to be
issued in connection with financing.  Such shares for financing  totaled 241,900
making total  issued and  outstanding  shares  11,116,900  of the Company  after
completion of the reorganization.  Upon closing,  DPI became a subsidiary of the
Company.  The  acquisition  is being  accounted for as a  reorganization  of the
Company which subsequently  changed its name to Diversified Product Inspections,
Inc.

            Simultaneously  with the  closing  of the  Reorganization,  the then
officer and director of the Company  tendered his resignation in accordance with
the terms of the Agreement.  John Van Zyll, Ann M. Furlong,  Marvin Stacy, Scott
Tracy and David  Dowell were  elected to serve on the Board of  Directors of the
Company  (the  "Board").  The  Board  subsequently  appointed  John  Van Zyll as
Chairman of the Board,  President and Chief Executive Officer; Ann M. Furlong as
Chief  Financial  Officer,  Secretary and  Treasurer;  and Marvin Stacy as Chief
Operating Officer of the Company.

Plan of Operation

            Over the next twelve  months the  Company  will focus its efforts on
marketing  its newly  acquired  primary  business,  Subrogation  Recovery.  This
business entails the determination of the "Origin and Cause" of property damages
and the  identification  of the defective  product  which caused such loss.  The
Company's  proprietary Origin and Cause data on over 300,000 products enables it
to quickly  identify a manufacturer of a defective  product which it can sell to
market participants in the Insurance Industry at cost-effective levels.

            The  Company  changed  its fiscal year end to December 31 to conform
with the fiscal year end for its subsidiary.





                                                                               1

<PAGE>



Results of Operations for the Three Months Ended March 31, 2000 and 1999

Financial Condition, Capital Resources and Liquidity

            At March 31,  2000,  the Company had assets  totaling  $730,000  and
 $454,000 in liabilities.  The Company has $25,000 in working capital on hand as
 of March 31, 2000. A discussion of the
Company's financial  condition,  capital resources and liquidity as of March 31,
1999 would not be  material  due to its  developmental  stage  status and recent
reorganization.

            It is the  Company's  intention  to raise up to  $5,000,000  in cash
through the sale of additional  equity  capital  pursuant to a Regulation D, 506
Private Placement Offering,  however,  the can be no assurance that they will be
successful in their  efforts.  The ability of the Company to continue as a going
concern is dependent upon the availability of obtaining additional capital.

Net Operating Losses

            The Company has net operating loss carryforwards of $525,000 through
the year 2020.  Until the Company's  current annual  operations begin to produce
earnings, it is unclear whether the Company can utilize such carryforwards.

Year 2000 Compliance

            The Company did not experience any material  negative  impact to its
operations  as a result of the Year 2000  calendar  change.  The Company did not
experience  any  material  impact  to its  financial  condition  as a result  of
becoming  Year 2000  compliant.  The Company  does not  anticipate  any material
disruption in its operations in the future as a result of the Year 2000 calendar
change.

Forward-Looking Statements

            This Form 10-QSB includes  "forward-looking  statements"  within the
meaning of Section 27A of the  Securities  Act of 1933, as amended,  and Section
21E of the Securities  Exchange Act of 1934, as amended.  All statements,  other
than  statements of historical  facts,  included or incorporated by reference in
this Form 10-QSB which  address  activities,  events or  developments  which the
Company expects or anticipates  will or may occur in the future,  including such
things as future capital expenditures (including the amount and nature thereof),
finding suitable merger or acquisition  candidates,  expansion and growth of the
Company's  business and operations,  and other such matters are  forward-looking
statements.  These statements are based on certain assumptions and analyses made
by the  Company in light of its  experience  and its  perception  of  historical
trends,  current  conditions and expected  future  developments as well as other
factors it believes  are  appropriate  in the  circumstances.  However,  whether
actual results or developments will conform with the Company's  expectations and
predictions is subject to a number of risks and uncertainties,  general economic
market and business  conditions;  the business  opportunities  (or lack thereof)
that  may be  presented  to and  pursued  by the  Company;  changes  in  laws or
regulation;  and other  factors,  most of which are  beyond  the  control of the
Company.  Consequently,  all of the forward-looking statements made in this Form
10-QSB are qualified by these cautionary statements and there can be no

                                                                               2

<PAGE>



assurance  that the actual  results or  developments  anticipated by the Company
will be realized  or, even if  substantially  realized,  that they will have the
expected consequence to or effects on the Company or its business or operations.
The  Company   assumes  no  obligations  to  update  any  such   forward-looking
statements.


PART II

Item 1.                 Legal Proceedings.

            The Company knows of no legal  proceedings to which it is a party or
to which any of its  property is the subject  which are pending,  threatened  or
contemplated or any unsatisfied judgments against the Company.

Item 2.                 Changes in Securities and Use of Proceeds

            In January and February 2000, the Company sold 241,900 shares of the
Company's  common  stock for  $440,660  cash,  net of  offering  costs,  under a
Regulation D Rule 504 private  placement.  This offering was completed through a
registered broker/dealer.

            On  March 13, 2000,  the  Company's  security  holders  approved the
issuance  of  9,241,900  shares of common  stock to  acquire  all the issued and
outstanding shares of the common stock of Diversified Product Inspections, Inc.,
a Florida corporation, in a reverse merger. [See: Part II. Item 4. Submission of
Matters to a Vote of Security Holders]

            In  February,  the  Company  entered  into a lease on a building  in
Tennessee  comprised of a floor area of  approximately  30,000 square feet.  The
lease expires  December 20, 2000 and the fixed minimum rent is $30,000 per month
(based on $12.00 per square foot per annum). The lessee has also entered into an
agreement to purchase the facility. Lessee and lessor agree that portions of the
fixed  minimum  payments  shall be  applied  to the  purchase  price  under  the
agreement of sale that follows.  If the closing and the  settlement  date is set
for any date within the specified periods:

          (a)  December 20, 1999 and March 31, 2000, then 100%, or
          (b)  April 1, 2000 and June 30, 2000, then 85%, or
          (c)  July 1, 2000 and September 3, 2000, then 75%, or
          (d)  October  1, 2000 and  December  31,  2000,  then 50% of all fixed
               minimum  rent  payments  paid prior to  closing  shall be applied
               toward the purchase price.

Item 3.                 Defaults in Senior Securities

            None


                                                                               3

<PAGE>



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

            On   March 13, 2000,  the  Company's security  holders  approved the
issuance  of  9,241,900  shares of common  stock to  acquire  all the issued and
outstanding shares of the common stock of Diversified Product Inspections, Inc.,
a Florida corporation,  in a reverse merger. [See: Part II. Item 6. Exhibits and
Reports on Form 8-K - Exhibit No. 2.1]

            On  May  19, 2000,  the  Company's  security  holders  approved  the
Amendment to its  Articles  changing  the Company  name to  Diversified  Product
Inspections, Inc., from Shoe Krazy, Inc. filed May 19, 2000.

            On May  19,  2000,  the  Company's  security  holders  approved  the
Amendment  to the  Articles  of  its  newly  acquired  subsidiary  changing  the
subsidiary's name to Diversified Product Investigations,  Inc., from Diversified
Products Inspections, Inc.


Item 5.                 Other Information

            None

Item 6.                 Exhibits and Reports on Form 8-K

     (a)    The exhibits required to be filed herewith by Item 601 of Regulation
            S-B,  as  described  in  the  following   index  of  exhibits,   are
            incorporated herein by reference, as follows:
<TABLE>
<S>               <C>
Exhibit No.       Description
-----------       -------------------------------------------------------
3(i).1            Articles of Incorporation filed October 17, 1994(1)

3(i).2            Articles of Amendment (filed with original 10SB)(1)

3(i).3       *    Articles of Amendment changing the Company name to Diversified
                  Product Inspections, Inc., from Shoe Krazy, Inc. filed May 19, 2000.

3(i).4       *    Articles of Amendment changing the Company's newly acquired
                  subsidiary's name to Diversified Product Investigations, Inc., from
                  Diversified Product Inspections, Inc. filed May 19, 2000.

3(ii).1           By-laws (1)

10.1              Conditional Lease/Purchase Agreement(2)

27           *    Financial Data Schedule
</TABLE>

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

(1)  Incorporated herein by reference to the Company's Registration Statement on
     Form 10- SB.
(2)  To be provided upon delivery in final written form pursuant to an amendment
     to this 10 QSB.
*    Filed herewith

     (b) See Form 8-K filed during the quarter  ended March 31,2000 and attached
hereto as Exhibit No. 2.1.

                                                                               4

<PAGE>







                                   SIGNATURES
                                   ----------

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

                                   Shoe Krazy, Inc.


Date: May 22, 2000           BY:   /s/ John Van Zyll
                                   ---------------------------
                                   John Van Zyll,
                                   President


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

Date              Signature                            Title

 May 22, 2000     BY:   /s/ John Van Zyll
                    ---------------------------
                      John Van Zyll                    President













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