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, 2001

[ ]      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, 2001: 11,225,000















<PAGE>


                         PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.

                  INTEGRATED TECHNOLOGY GROUP AND SUBSIDIARIES
                           Consolidated Balance Sheets

<TABLE>
<CAPTION>

                                                                            June 30,                December 31,
                                                                              2001                    2000
                                                                       ----------------          ----------------
                                                                           (Unaudited)              (Audited)
ASSETS

Current assets:
<S>                                                                    <C>                       <C>
     Cash and cash equivalents                                         $      91,316             $        30,953
     Accounts receivable, net allowance of $40,219                           826,931                     888,429
     Prepaid expenses                                                        182,412                      76,682
     Deposits                                                                 18,500                      17,000
     Deferred taxes                                                           14,881                      14,881
                                                                       -------------             ---------------
     Total current assets                                                  1,134,040                   1,027,945
                                                                       -------------             ---------------

Property, plant and equipment
     Land                                                                    467,040                     467,040
     Buildings and improvements                                            2,552,296                   2,562,146
     Transportation equipment                                              7,783,351                   7,744,122
     Plant equipment                                                      12,797,508                  12,708,050
                                                                       -------------             ---------------
                                                                          23,600,195                  23,481,358
     Less accumulated depreciation                                       (19,023,149)                (18,349,472)
                                                                       -------------             ---------------
     Net property, plant and equipment                                     4,577,046                   5,131,886
                                                                       -------------             ---------------

Other assets
     Long-term advances-related parties                                      681,090                     623,608
     Deferred taxes                                                        4,616,772                   4,616,772
                                                                       -------------             ---------------
                                                                           5,297,862                   5,240,380
                                                                       -------------             ---------------
                                                                       $  11,008,948             $    11,400,211
                                                                       =============             ===============


LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
     Accounts payable                                                  $     878,262             $       996,791
     Accounts payable-related party                                        1,189,700                     726,700
     Current installments of long-term debt                                2,519,042                   2,519,042
     Other current liabilities and accrued expenses                          631,095                     404,327
                                                                       -------------             ---------------
     Total current liabilities                                             5,218,099                   4,646,860
                                                                       -------------             ---------------

Long-term debt, excluding current installments                                12,873                      14,778

Stockholders' equity:
     Common stock, $0.001 par value, 20,000,000 shares
        Authorized, 11,225,000 and 11,125,000
        issued and outstanding, respectively                                  11,225                      11,125
     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                                           15,506,271                  15,362,671
     Accumulated deficit                                                  (9,834,870)                 (8,730,573)
                                                                       --------------            ----------------
     Total stockholders' equity                                            5,777,976                   6,738,573
                                                                       -------------             ---------------
                                                                       $  11,008,948             $    11,400,211
                                                                       =============             ===============
</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
                                    ------------------------------         -------------------------------
                                       2001               2000                 2001               2000
                                    -------------    -------------         -------------     -------------
Revenues
<S>                                 <C>              <C>                   <C>               <C>
     Tire processing revenue        $   1,977,106    $   1,710,028         $   3,652,206     $   3,231,776
     Other revenue                        284,848          243,836               530,595           458,872
                                    -------------    -------------         -------------     -------------

     Total revenues                     2,261,954        1,953,864             4,182,801         3,690,648
                                    -------------    -------------         -------------     -------------

Operating expenses
     Facility                             705,477          688,049             1,326,249         1,358,761
     Transportation                       930,767          981,899             1,838,146         1,891,124
     General and administrative           529,298          609,052             1,193,013         1,215,390
     Depreciation                         334,216          338,000               673,677           680,000
                                    -------------    -------------         -------------     -------------

     Total operating expenses           2,499,758        2,617,000             5,031,085         5,145,275
                                    -------------    -------------         -------------     -------------

     Operating loss                      (237,804)        (663,136)             (848,284)       (1,454,627)

Other income (expenses)
     Interest expense                    (154,809)        (101,995)             (256,638)         (203,256)
     Other                                    312              738                   625               748
                                    -------------    -------------         -------------     -------------

     Loss before income taxes            (392,301)        (764,393)           (1,104,297)       (1,657,135)

Income tax expense                           -                -                     -                 -
                                    -------------    -------------         -------------     -------------

     Net loss                       $    (392,301)   $    (764,393)        $  (1,104,297)    $  (1,657,135)
                                    =============    =============         =============     =============


     Net loss per share
         Basic and diluted               $(0.03)           $(0.08)               $(0.10)           $(0.18)
                                    ===========      ============          =============     =============

     Weighted average
       shares outstanding
       Basic and diluted               11,225,000        9,000,000            11,207,873         9,000,000
                                    =============    =============         =============     =============
</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,
                                                                           --------------------------------------
                                                                                2001                     2000
                                                                           ---------------         -------------


CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                                        <C>                     <C>
     Net loss                                                              $  (1,104,297)          $   (1,657,135)
     Adjustments to reconcile net loss to net cash provided by
        Operating activities:
            Depreciation and amortization                                        673,677                  680,000
            Stock issued for consulting services                                 143,700                     -
            Changes to assets and liabilities
            related to operating activities
                 Accounts and other receivables                                   61,498                 (125,473)
                 Prepaid expenses, deposits and other assets                    (107,230)                 (90,727)
                 Accounts payable                                               (118,529)                 777,878
                 Other liabilities and accrued expenses                          226,768                   50,871
                                                                           -------------           --------------

            Net cash used in operating activities                               (224,413)                (364,586)
                                                                           --------------          --------------

CASH FLOWS FROM INVESTING ACTIVITIES:
     Purchases of plant and equipment                                           (118,837)                (154,009)
     Advances to related party                                                   (57,482)                 (72,094)
                                                                           -------------           --------------

     Net cash used in investing activities                                      (176,319)                (226,103)
                                                                           -------------           --------------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Advances from related parties                                               463,000                  340,000
     Repayment of long-term debt                                                  (1,905)                 (62,791)
                                                                           -------------           --------------

     Net cash provided by financing activities                                   461,095                  277,209
                                                                           -------------           --------------

NET INCREASE (DECREASE) IN CASH                                                   60,363                 (313,480)

CASH AND CASH EQUIVALENTS AT BEGINNING
  OF PERIOD                                                                       30,953                  355,669
                                                                           -------------           --------------

CASH AND CASH EQUIVALENTS AT END OF PERIOD                                 $      91,316           $       42,189
                                                                           =============           ==============

SUPPLEMENTAL CASH FLOW INFORMATION:
     Cash paid for interest                                                $         811           $      157,523
                                                                           =============           ==============
</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-Q 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, 2001, are not
necessarily indicative of the results that may be expected for the year ending
December 31, 2001.

2.       NATURE OF OPERATIONS

Integrated Technologies Group (the "Company") collect and dispose 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 225,000 tons of tire chips on hand at June 30,
2001. 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.

Recent Accounting Pronouncements
--------------------------------
The Financial Accounting Standards Board has released FAS 134, Accounting for
Mortgage-Backed Securities Retained after the Securitization of Mortgage Loans
Held for Sale by a Mortgage Banking Enterprise, FAS 135, Rescission of FASB
Statement No. 75 and Technical Corrections, FAS 136, Transfers of Assets to a
Not-for-Profit or Charitable Trust That Raises or Holds Contributions for
Others, FAS 137, Accounting for Derivative Instruments and Hedging
Activities-Deferral of the Effective date of FASB Statement No. 133, FAS 141,
Business Combinations, and FAS 142, Goodwill and Other Intangible Assets. In
December 1999, the Securities and Exchange Commission ("SEC") issued Staff
Accounting Bulletin No. 101, "Revenue Recognition in Financial Statements" ("SAB
No. 101"). The Company believes that the impact of these new standards and
bulletins will not have a material effect on the Company's consolidated
financial position, results of operations or disclosures.

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.



                                       5
<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. These
operations convert whole tires to chips. 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 to forward the fee to state agencies which would then pay various entities
such as the company a portion of that fee to dispose of the tires. The Company
derived revenues by converting the tires to chips approximately two inches
square, and received revenues from the state as compensation for this
conversion.

Additional revenue is derived from the sales of the tire chips. The two major
markets the company has developed for tire chips are tire derived fuel sales to
cement kilns and civil engineering sales for use in Subtitle D landfill cell
construction.

The Company has been successful in the marketing of the processed scrap tire
chips held in inventory. Since 1990 the Company has collected approximately 27.0
million tires at its Oklahoma facility and has marketed to end users the
equivalent of 22.1 million tires in tire chips or 82% of the tires collected. In
Texas, since its start up in 1992, the Company has collected 65.2 million tires
and has marketed the equivalent of 41.7 million tires in tire chips to end users
or 64% of the tires collected. To obtain payment from the State of Texas, the
regulatory agency in Texas, the Texas Natural Resource Conservation Commission
(TNRCC), would pay provided the chips were utilized in an approved use. From
1992 to 1994 the Company collected approximately 26.2 million tires that were
reduced to chips and held in inventory. In the summer of 1995 the TNRCC began to
approve various markets, and, as a result of those approvals, the Company,
during the period from 1995 to 2000, collected 33.6 million tires and marketed
to end users the equivalent of 39.8 million tires in tire chips or 118% of the
tires collected in that period. The inventories of tire chips at the Texas
facilities have been reduced during this same time period by the equivalent of
an 6.2 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 existing Texas program ceased due to sunset
provisions enacted in prior legislation. While dealers still charges 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. Also during the period between Septembers, 1997 to 1999 the Company
participated with States abandoned waste tire stockpile clean up program. The
Company received the majority of the projects due to their ability to market all
the converted tires collected from these dumps to a recycling end use. Efforts
are underway in Texas to enact legislation that ensures waste tires are directed
towards recycling operations through an enforcement program.

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.

                                       6
<PAGE>

The Company is preparing 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.

Six months ended June 30, 2001 compared to the six months ended June 30, 2000

The Company incurred a loss of $1,104,297 in the first six months of fiscal 2001
compared to a loss of $1,657,135 in the same period in fiscal 2000. In the first
quarter of 2001, the Company issued 100,000 shares of Common Stock in connection
with a capital-raising transaction for which the Company charged general and
administrative expenses $143,700. Excluding this charge, the Company incurred a
loss of $960,597 in the first six months of fiscal 2001 compared to a loss of
$1,657,135 in the same period in fiscal 2000, a reduction of $696,538. Again, if
this charge is excluded, the Company's operating loss would have declined by
$850,043, from $1,454,627 in the earlier period to $604,584 in fiscal 2001.

The reduction of these losses is principally attributable to an increase in
revenues of $492,153, from $3,690,648 to $4,182,801, and a decrease of $114,190
in operating expenses. Operating expenses would have declined by $257,890 if the
charge for issuing stock is excluded. Depreciation and amortization expenses
were essentially unchanged between the two periods but small declines in
Facility, Transportation, and General and Administrative expenses caused the
decline in operating expenses.

The increase in revenues is principally attributable to an increase in tire
processing revenues. This increase reflects the Company's additional marketing
to tire retailers in Texas, a program that had recently begun in the earlier
period.

In the second quarter of fiscal 2001, revenues increased $308,090 and operating
expenses declined $117,242 compared to the second quarter of fiscal 2000,
narrowing the operating loss to $237,804 from $663,136 and the net loss to
$392,301 from $764,393.

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, one of the Company's directors and a principal shareholder, 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 lacks the capital to construct gasification systems to convert tire
chips to tire derived fuel and is seeking funding to implement this program.

The balance sheet does not reflect the inventory of tire chips created by the
Company since it began the process of converting tires to tire chips. The
Company owns 225,231 tons of tire chips.

                                       7
<PAGE>


                           PART II - OTHER INFORMATION

              None

                                       8
<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 6, 2001                   /s/ H. Scott Holden
                                        -----------------------------------
                                        H. Scott Holden, President


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