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

                                   Form 10-QSB


(Mark One)

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

                  For the quarterly period ended June 30, 2002

[ ]      TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

       For the transition period from __________________ to ______________

Commission file number: 1-14219

                           Integrated Technology Group
-------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

        Nevada                                          87-0583192
-------------------------                       -------------------------------
(State or other jurisdiction                   (IRS Employer Identification No.)
of incorporation or organization)

301 West Main, Suite 500, Ardmore, Oklahoma                      73401
-------------------------------------------------------------------------------
(Address of principal executive offices)                       (Zip Code)

                                 (580) 226-0511
-------------------------------------------------------------------------------
                         (Registrant's telephone number)


-------------------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since last
report)

         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


                      APPLICABLE ONLY TO CORPORATE ISSUERS

         State the number of shares outstanding of each of the issuer's classes
of common equity, as of August 1, 2002: 11,243,353















<PAGE>


                         PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.

                  INTEGRATED TECHNOLOGY GROUP AND SUBSIDIARIES
                           Consolidated Balance Sheets
<TABLE>
<CAPTION>


                                                              JUNE 30,                 December 31,
                                                                2002                       2001
                                                          -----------------         -----------------
                                                             (Unaudited)                 (Audited)

ASSETS

Current assets
<S>                                                       <C>                       <C>
   Cash and cash equivalents                              $          37,083         $          18,905
   Accounts receivable, net allowance of $40,219                    432,242                   636,460
   Prepaid expenses                                                 187,271                    77,864
   Deposits                                                          53,500                    38,500
   Deferred taxes                                                    16,690                    16,690
                                                          -----------------         -----------------

   Total current assets                                             726,786                   788,419
                                                          -----------------         -----------------

Property, plant and equipment
   Land                                                             467,040                   467,040
   Buildings and improvements                                     2,552,296                 2,562,146
   Transportation equipment                                       7,769,051                 7,744,122
   Plant equipment                                               13,079,441                12,953,496
                                                          -----------------         -----------------

                                                                 23,867,828                23,726,804
   Less accumulated depreciation                                (20,395,460)              (19,752,063)
                                                          -----------------         -----------------

   Net property, plant and equipment                              3,472,368                 3,974,741
                                                          -----------------         -----------------

Other assets
   Long-term advances - related parties                             774,090                   716,090
   Deferred taxes                                                 4,260,016                 4,477,736
                                                          -----------------         -----------------

                                                                  5,034,106                 5,193,826
                                                          -----------------         -----------------

                                                          $       9,233,260         $       9,956,986
                                                          =================         =================

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities
   Current maturities of long-term debt                   $       2,819,408         $       2,519,408
   Accounts payable - related party                               1,510,200                 1,455,200
   Accounts payable                                               1,087,377                   944,293
   Accrued interest                                                 587,756                   463,030
   Other current liabilities and accrued expenses                   237,271                   167,426
                                                          -----------------         -----------------

   Total current liabilities                                      6,242,012                 5,549,357

Long-term debt, less current installments                             8,201                    10,515

Stockholders' equity:
   Common stock, $0.001 par value; 20,000,000
     shares authorized; 11,243,353 and 11,225,000
     issued and outstanding, respectively                            11,243                    11,225
   Preferred stock, $0.10 cumulative dividend, $0.01
     par value; 10,000,000 shares authorized, 9,535,000
     issued and outstanding                                          95,350                    95,350
   Additional paid-in capital                                    15,556,253                15,506,271
   Accumulated deficit                                          (12,679,799)              (11,215,732)
                                                          -----------------         -----------------

   Total stockholders' equity                                     2,983,047                 4,397,114
                                                          -----------------         -----------------

                                                          $       9,233,260         $       9,956,986
                                                          =================         =================
</TABLE>

   The accompanying notes are an integral part of these financial statements

                                        1

<PAGE>



                  INTEGRATED TECHNOLOGY GROUP AND SUBSIDIARIES
                      Consolidated Statements of Operations
                                   (Unaudited)
<TABLE>
<CAPTION>


                                        Three Months ended                        Six Months Ended
                                              June 30,                                  June 30
                                    ------------------------------         -------------------------------
                                       2002               2001                 2002               2001
                                    -------------    -------------         -------------     -------------
Revenues
<S>                                 <C>              <C>                   <C>               <C>
     Tire processing revenue        $   1,484,320    $   1,977,106         $   2,852,929     $   3,652,206
     Other revenue                        348,874          284,848               674,452           530,595
                                    -------------    -------------         -------------     -------------

     Total revenues                     1,833,194        2,261,954             3,527,381         4,182,801
                                    -------------    -------------         -------------     -------------

Operating expenses
     Facility                             590,953          705,477             1,135,019         1,326,249
     Transportation                       950,915          930,767             1,821,026         1,838,146
     General and administrative           397,336          529,298               982,861         1,193,013
     Depreciation                         319,999          334,216               644,097           673,677
                                    -------------    -------------         -------------     -------------

     Total operating expenses           2,259,203        2,499,758             4,583,003         5,031,085
                                    -------------    -------------         -------------     -------------

     Operating loss                      (426,009)        (237,804)           (1,055,622)         (848,284)

Other income (expenses)
     Interest expense                     (98,998)        (154,809)             (193,066)         (256,638)
     Other                                  2,341              312                 2,341               625
                                    -------------    -------------         -------------     -------------

     Loss before income taxes            (522,666)        (392,301)           (1,246,347)       (1,104,297)

Income tax expense                       (217,720)            -                 (217,720)             -
                                    --------------   -------------         --------------    -------------

     Net loss                       $    (740,386)   $    (392,301)        $  (1,464,067)    $  (1,104,297)
                                    =============    =============         =============     =============

   Net loss per share
     Basic and diluted              $      (0.06)    $      (0.03)         $      (0.12)     $      (0.10)
                                    =============    ============          ============      ============

   Weighted average shares
     outstanding
     Basic and diluted                 12,243,353       11,225,000            12,241,734        11,207,873
                                    =============    =============         =============     =============
</TABLE>

The accompanying notes are an integral part of these financial statements

                                        2
<PAGE>


                  INTEGRATED TECHNOLOGY GROUP AND SUBSIDIARIES
                      Consolidated Statements of Cash Flows
                                   (Unaudited)
<TABLE>
<CAPTION>


                                                                                         Six Months Ended
                                                                                             June 30,
                                                                                        2002            2001
                                                                                  ---------------  -------------
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                                               <C>              <C>
   Net loss                                                                       $    (1,464,067) $  (1,104,297)
   Adjustments to reconcile net loss to net cash provided by
     operating activities:
       Depreciation and amortization                                                      644,097        673,677
       Deferred income taxes                                                              217,720           -
   Stock issued for consulting services                                                      -           143,700
   Changes to assets and liabilities related to operating activities
     Accounts and other receivables                                                       204,218         61,498
     Prepaid expenses, deposits and other assets                                         (124,407)      (107,230)
     Accounts payable                                                                     143,084       (118,529)
     Other liabilities and accrued expenses                                               194,571        226,768
                                                                                  ---------------  -------------

   Net cash used in operating activities                                                 (184,784)      (224,413)

CASH FLOWS FROM INVESTING ACTIVITIES:
   Purchases of plant and equipment                                                      (141,724)      (118,837)
   Advances to related party                                                              (58,000)       (57,482)
                                                                                  ---------------  -------------

   Net cash used in investing activities                                                 (199,724)      (176,319)
                                                                                  ---------------  -------------

CASH FLOWS FROM FINANCING ACTIVITIES:
   Proceeds from borrowings                                                               300,000           -
   Issuance of common stock                                                                50,000           -
   Advances from related parties                                                           55,000        463,000
   Repayment of long-term debt                                                             (2,314)        (1,905)
                                                                                  ---------------  -------------

   Net cash provided by financing activities                                              402,686        461,095
                                                                                  ---------------  -------------

NET INCREASE IN CASH                                                                       18,178         60,363

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                                           18,905         30,953
                                                                                  ---------------  -------------

CASH AND CASH EQUIVALENTS AT END OF PERIOD                                        $        37,083  $      91,316
                                                                                  ===============  =============

SUPPLEMENTAL CASH FLOW INFORMATION:
   Cash paid for interest                                                         $        51,306  $         811
                                                                                  ===============  =============
</TABLE>


The accompanying notes are an integral part of these financial statements

                                        3
<PAGE>


                           INTEGRATED TECHNOLOGY GROUP
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



1   BASIS OF PRESENTATION

    The accompanying unaudited consolidated financial statements have been
    prepared in accordance with generally accepted accounting principals for
    interim financial information and with the instructions to Form 10-QSB and
    Rule 10-01 of Regulations S-X. They do not include all information and notes
    required by generally accepted accounting principals for complete financial
    statements. In the opinion of management, all adjustments (consisting of
    normal recurring accruals) considered necessary for a fair presentation have
    been included. Operating results for the three-month period ended June 30,
    2002, are not necessarily indicative of the results that may be expected for
    the year ending December 31, 2002.

2.  NATURE OF OPERATIONS

    Integrated Technologies Group (the "Company") collects and disposes of waste
    tires. The process involves converting the whole waste tire into shredded
    chips available for sale as a by-product. The Company owns and operates one
    processing plant in the state of Oklahoma and four processing plants in the
    state of Texas. The Company's significant sources of revenues are from the
    states of Oklahoma and Texas for the collecting and shredding of waste
    tires. The Company's operations and revenues are impacted by laws and
    regulations of the states of Oklahoma and Texas.

    Basis of Presentation and Principles of Consolidation

    The accompanying consolidated financial statements include the financial
    statements of the Company and its subsidiaries. Intercompany balances and
    transactions between the Company and its subsidiaries have been eliminated
    in consolidation.

    Use of Estimates in Preparation of Financial Statements

    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 amounts could differ from those estimates.

    Cash and Cash Equivalents

    Cash and cash equivalents include cash in banks and highly liquid short-term
    investments in money market accounts.

    Chip Inventory

    The Company has approximately 192,000 tons of tire chips on hand at June 30,
    2002. As noted above, the Company receives a fee for collecting,
    transporting, and shredding waste tires for the states of Oklahoma and
    Texas. In order to make the tire chips marketable to end users, the Company
    processes waste tires to a size smaller than required by the states. The
    Company is currently unable to accurately measure the incremental costs of
    processing waste tires below the size required by the states. Therefore, the
    Company does not record the tire chips as inventory on its consolidated
    balance sheet.

    Property, Plant and Equipment

    Property, plant and equipment are stated at cost, net of accumulated
    depreciation. All material property, plant, and equipment additions are
    capitalized and depreciated on a straight-line basis over the estimated
    useful lives of the assets. Estimated useful lives range from 5 to 30 years.
    As assets are disposed of, cost and related accumulated depreciation are
    removed from the accounts and any resulting gain or loss is included in
    operations.

                                       4
<PAGE>


    Income Taxes

    The Company provides for income taxes under the asset and liability method.
    Under the asset and liability method, deferred tax assets and liabilities
    are recognized for the future tax consequences attributable to differences
    between the financial statement carrying amounts of existing assets and
    liabilities and their respective tax bases. Deferred tax assets and
    liabilities are measured using enacted tax rates expected to apply to
    taxable income in the years in which those temporary differences are
    expected to be recorded or settled. The effect on deferred tax assets and
    liabilities of a change in tax rates is recognized in income in the period
    that includes the enactment date.

3.  ACQUISITION OF SAFE TIRE BY INTEGRATED TECHNOLOGY GROUP

    In July 2000 the Corporation acquired all of the issued and outstanding
    shares of Safe Tire Disposal Corp., a Delaware Corporation. In connection
    with this acquisition, (i) the Corporation sold the assets of the Company,
    which consisted of assets related to the conduct of the Living Card Company,
    to John F. Lund and R. Blair Lund in exchange for cancellation of 5,900,000
    restricted common shares of the Company, thus reducing to 2,100,000 the
    number of common shares outstanding; (ii) issued 9,000,000 common shares of
    the registrant, constituting 80.89% of the shares of the registrant's shares
    outstanding after the close, to the owners of 100% of the outstanding shares
    of Safe Tire Disposal Corp., an Oklahoma corporation, in exchange for all of
    the issued and outstanding equity securities; and (iii) issued 25,000 shares
    to James N. Barber, Trustee in consideration of legal and finders' fees
    incurred in connection with the acquisition.

    The original agreement omitted acquisition of the Delaware corporation's
    Preferred Stock. There were 9,535,000 shares of Preferred Stock issued and
    outstanding and each share of Preferred Stock had one vote. The Delaware
    corporation's Preferred Stock was entitled to receive a cumulative dividend
    of $0.10 per share each year and had preference upon liquidation equal to
    $1.00 per share plus accumulated but unpaid dividends. A sale is not deemed
    to be a liquidation. In May 2001, the Company's Articles of Incorporation
    were amended and the Preferred Stock of the Delaware corporation exchanged,
    effective July 2000, for the Preferred Stock of the Company. The Company's
    Preferred Stock is identical to that of the Delaware corporation's except
    that the Company's Preferred Stock is non-voting and the liquidation
    preference was increased to reflect accumulated but unpaid dividends of
    $0.10 per share. The liquidation preference is equal to $1.10 for each of
    the 9,535,000 shares of Preferred Stock. The Company's Preferred Stock does
    not treat a sale of the Company as a liquidation.

    As a result of these transactions the only remaining asset of the registrant
    was 100% of the issued and outstanding common stock of Safe Tire Disposal
    Corp.

4.  AGREEMENTS

    In January 2002, the Company entered into a collaboration agreement with a
    firm based in Indonesia specializing in the production of industrial
    equipment and machinery to produce a recycling plant that will produce
    marketable oil, gas, steel and carbon black. The joint venture has a life of
    10 years, unless both parties agree to an extension.

    On February 27, 2002, the Company entered into a Stock Purchase Agreement
    (the "Purchase Agreement") with an investment fund ("the Fund"), in
    connection with a private equity line financing transaction pursuant to
    which the Company shall offer and sell to the Fund up to $10,000,000 of the
    Company's Common Stock over a period of up to two years.

    The Company borrowed $300,000 from the Fund pursuant to a convertible note
    agreement, which is secured by 1,300,000 shares of Common Stock pledged by
    one of the Company's principal stockholders. The Company also paid a
    commitment fee of $100,000 for the equity line of credit.

5.  LITIGATION

    The Company is currently seeking to recover $5,000,000 from an investment
    company. This amount represents the proceeds the Company should have
    received from the sale of its stock by the investment company. The related
    shares of common stock have not been issued. The outcome of these
    proceedings cannot be reasonably estimated at this time, and as a result, no
    gain is recorded on the Company's books at June 30, 2001.

                                       5
<PAGE>

6   REVIEW BY SECURITIES AND EXCHANGE COMMISSION

    In April 2002 the Company filed a registration statement with the Securities
    and Exchange ("SEC") on Form SB-2. In connection with the review of that
    filing, the SEC has questioned the Company's valuation of deferred tax
    assets at December 31, 2001 and 2000. While the SEC has asked the Company
    to review other accounting policies, management of the Company believes
    that the only material issue relates to the valuation of the deferred tax
    asset.  The Company is in the process of evaluating and responding to the
    SEC's comment.

                                       6
<PAGE>



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

Forward-Looking Information

The Management's Discussion and Analysis of Financial Condition and Results of
Operations and other sections of the Form 10-Q contain forward-looking
information. The forward-looking information involves risks and uncertainties
that are based on current expectations, estimates, and projections about the
Company's business, management's beliefs and assumptions made by management.
Words such as "expects", "anticipates", "intends", "plans", "believes", "seeks",
"estimates", and variations of such words and similar expressions are intended
to identify such forward-looking information. Therefore, actual outcomes and
results may differ materially from what is expressed or forecasted in such
forward-looking information due to numerous factors, including, but not limited
to, availability of financing for operations, successful performance of internal
operations, impact of competition and other risks detailed below as well as
those discussed elsewhere in this Form 10-QSB and from time to time in the
Company's Securities and Exchange Commission filings and reports. In addition,
general economic and market conditions and growth rates could affect such
statements.

General

The Company derives its revenues from two sources. The majority of the revenue
is generated from the tire shredding operations in Texas and Oklahoma. Other
revenue is derived from the sales of the tire chips created by tire shredding
operations. The two major markets the company has developed are tire derived
fuel sales to cement kilns and civil engineering sales for use in Subtitle D
landfill cell construction.

The laws of both Texas and Oklahoma require the purchasers of new tires pay a
tire disposal fee. Prior to the beginning of 2000, both Texas and Oklahoma
required that dealers charging this fee forward the fee to state agencies which
would then pay various entities a portion of that fee to dispose of the tires.
The Company derived its revenues by converting the tires to chips approximately
two inches square, and received most of its revenues from the state as
compensation for this conversion.

The Company has been successful in the marketing of the processed scrap tire
material held in inventory. Since 1990 the Company has collected approximately
27.6 million tires at its Oklahoma facility and have marketed to end users 23.2
million tires or 84%. In Texas, since its start up in 1992, the Company has
collected 69.2 million tires and has marketed 53.2 million tires to end users or
77%. The regulatory agency in Texas, the Texas Natural Resource Conservation
Commission (TNRCC), would only allow end uses that they approved of for a
processor to market scrap tire to that end use. From 1992 to 1994 the Company
collected approximately 26.2 million tires that was held in inventory. In the
summer of 1995 the TNRCC began to approve various markets in the State and as a
result of those approvals the Company, during the period from 1995 to June 2002,
collected 43.9 million tires and has marketed to end users 52.5 million tires or
120%. The inventories at the Texas facilities have been reduced during this same
time period by 9.3 million tires. The remaining inventories at the Oklahoma and
Texas facilities will be used to support the gasification projects planned for
those sites.

Effective September 1997, the Waste Tire Program in Texas ceased due to a sunset
provision enacted in prior legislation. While dealers still charge a disposal
fee, Texas law now requires the dealers to arrange for the disposal of their
tires. In Texas, accordingly, the Company now markets its services directly to
sellers of new tires. The change permits the Company to receive a greater
portion of the fee from dealers than the portion previously received from the
state.

The Company is reducing the area in which it operates in Texas to reduce losses.
The company has determined to close its Cleveland, Texas plant, from which the
Company collects tires from Southeast Texas, and sell the plant. The Company is
also reducing the area from which it collects from tires from South Texas out of
the Company's San Antonio, Texas facility. In addition, the Company has entered
into a long-term contract to supply tire chips to cement kiln. A related
agreement to haul metals for a scrap metal dealer will decrease the Company's
transportation expense in connection with the cement kiln contract.

While state laws have encouraged the recycling of tires by dealers, the
conversion of tires to chips does not by itself effect the overall disposal of a
used tire. The Company has developed and implemented technology to extract from
the chips oil, carbon black and steel without creating environmentally harmful
byproducts. The Company is seeking funding to expand this technology.

On February 6, 2001, the Oklahoma Department of Environmental Quality approved
an application for authorization to construct and operate a gasification system
at the Company's Choctaw, Oklahoma facility using recycled tires. The Company
has made similar applications in Texas to construct and operate these
gasification systems using recycled tires at the Company's Odessa, San Antonio
and Midlothian, Texas facilities.


                                       1
<PAGE>


Six months ended June 30, 2002 compared to the six months ended June 30, 2001

The Company's loss for each for the six months ended June 30, 2002 was
$1,246,347 compared to $1,104,297 for the June 30, 2001 period. The larger loss
in 2002 principally reflects declining revenues from tire processing, revenues
which declined to $2,852,929 from $3,652,206 or 22%. The company experienced
some increase in revenues in 2001 from, in management's opinion, the continuing
recall by Ford Motor Company and Firestone of defective tires, a recall that
began in the latter part of 2000 and continued into 2001, the latter period
reflecting more normal levels of tire processing. This decline was partially
offset by increasing revenues derived from the sale of tire chips such that
total revenues declined to $3,527,381 in 2002 from $4,182,801 in 2001, a decline
of 16%.

The loss was further narrowed by reduced general and administrative costs, a
decrease to $982,861 in 2002 from $1,193,012 in 2001 or 17%. Further, operating
expenses, excluding general and administrative expenses, declined by $237,931
from $3,838,072 to 3,600,142, or 6%, principally because of reduced facility and
processing costs due to reduced scope of operations in Southeast Texas.

Liquidity and Capital Resources

The Company's operations have traditionally been funded from operations and
borrowings from related parties. Investment Bankers, representatives of which
have served on as directors of the Corporation, have also loaned the Company
capital.

By the end of fiscal 1998, Holden Energy Corporation, which is owned by Harold
H. Holden, had loaned to the Company an aggregate of approximately $9,500,000.
At the end of that year, the Safe Tire Disposal Corporation converted that debt
to a voting Preferred Stock which cumulated dividends at a 10% annual rate. In
May 2001, but effective upon acquisition of Safe Tire Disposal Corp. by the
Company, this Preferred Stock was converted into 9,535,000 shares of the
Company's Preferred Stock. This Preferred Stock is not voting but has a $0.10
per share cumulative dividend right and contains a liquidation preference that
is equal to $1.10 per share plus accumulated but unpaid dividends.

The Company is taking several steps to achieve positive cash flow. In addition
to the closing of the Cleveland, Texas plant and reduction in the scope of
operations from its San Antonio plant, the Company's recent agreement with a
cement kiln to supply tire chips will have larger margins than the Company has
traditionally enjoyed, particularly with the related transportation contract
referred to above which will reduce the transportation expense required by the
agreement with the cement kiln. In addition, the Company is refinancing a
significant portion of its truck fleet which will reduce the Company's
transportation expenses significantly.

The Company has accrued $2,819,408 as current maturities for long-term debt as
part of a note that matured April 1998 and for which the Company initially
obtained a forbearance which extended until December 2002. In addition, the
Company entered into a loan agreement with the holder of this obligation for the
amount of the obligation. This obligation matures on January 1, 2003; however,
the loan may be called upon 30 days notice after December 1, 2002.

On February 27, 2002, the Company entered into a Stock Purchase Agreement (the
"Purchase Agreement") with Brighton Opportunity Fund, L.P. ("Brighton"), in
connection with a private equity line financing transaction pursuant to which
the Company shall offer and sell to Brighton up to $10,000,000 of the Company's
Common Stock over a period of up to two years (the "Financing"). As a condition
to Brighton's obligation to make purchases under the Purchase Agreement, the
Common Stock to be offered and sold to Brighton must be registered in an
effective registration statement with the Securities and Exchange Commission.

Pursuant to the Purchase Agreement, the Company has the right to require
Brighton to purchase a minimum of $50,000 and a maximum of $250,000 our Common
Stock, during any 22 trading days, subject to our right to terminate the
Purchase Agreement at any time. Notwithstanding the foregoing, Brighton is not
obligated to purchase more than 10% of the total dollar trading volume in any
month.

Under the Purchase Agreement, the purchase price per share is equal to 90% of
the lowest bid price of the Company's Common stock for the ten days immediately
prior to the date the Company notifies Brighton to purchase shares of the
Company's Common stock. Notwithstanding the foregoing, Brighton shall not be
obligated to purchase our Common stock if they would own more than 4.9% of the
outstanding common stock.

Simultaneously with the execution of the Purchase Agreement, we borrowed
$300,000 from Brighton pursuant to a convertible note agreement. We have agreed
in principle to cancel the note in exchange for 1,000,000 shares of the
Company's Common Stock, and the 1,300,000 shares of Common Stock pledged by a
company stockholder was returned to that stockholder. We also paid a commitment
fee of $100,000 for the equity line of credit.

The purpose of the equity line of credit is to fund operating capital of the
Company.

                                       2
<PAGE>


PART  II - OTHER INFORMATION


Item 5. Other Information.

On February 6, 2001, the Oklahoma Department of Environmental Quality approved
an application for authorization to construct and operate a gasification system
at the Company's Choctaw, Oklahoma facility using recycled tires. The Company is
preparing to submit similar applications in Texas to construct and operate these
gasification systems using recycled tires at the Company's Odessa, San Antonio
and Midlothian, Texas facilities. This process will allow the Company the
ability to recycle large volumes of tires while extracting the most value from
them as possible. Another important advantage for the Company is that they will
control their market for processed scrap tires unlike the competition that must
rely on third parties to purchase the tire product from them. Most states
ultimate goal is to recycle all the tires generated and prevent these tires from
being disposed in landfills. This process will ensure the Company's ability to
meet these goals and at the same time allow the Company to expand their
operations, increase scrap tire volumes and extract a greater value from the
tires recycled.

On February 19, 2001, the Company signed a letter of understanding with OTC
Derivatives & Co. S.A., Geneva, Switzerland, to assist the Company in expanding
into the European Common Market. Scrap tires in the EU have been addressed by
Government mandates. By 2006 tires will be banned from landfills and must be
recycled. This mandate presents a great opportunity for the Company by having
the ability to recycle large volumes of tire through gasification and the
Company's marketing experience in other areas such as civil engineering and
supplemental fuels. OTC Derivatives & Co. is assisting the company in raising
capital for this expansion and also helping to locate potential financial or
joint venture partners in Europe.


Item 6. Exhibits and Reports on Form 8-K

(a)      Exhibit 99.1 - Certification required by Section 906 of the Sarbanes -
         Oxley Act of 2002

                                       3
<PAGE>


                                   SIGNATURES

         Pursuant to the requirements of the Securities exchange Act of 1934;
registrant has duly caused this report to be signed on its behalf by the
undersigned.

                                    Integrated Technology Group


Dated: August 14, 2002              /s/ H. Scott Holden
                                    -----------------------------------
                                    H. Scott Holden, President


                                    /s/ C. Sue Rushing
                                    --------------------------------------------
                                    C. Sue Rushing, Treasurer, Comptroller and
                                    Principal Financial Officer