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


                                FORM 10-QSB


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

     For the quarterly period ended September 30, 2001

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

     For the transition period from                to
                                    --------------    ---------------


                    Commission File No. 2-76219-NY


                  New Environmental Technologies Corporation
                  ------------------------------------------
                (Name of Small Business Issuer in its Charter)


           NEVADA                                      11-2609717
           ------                                      ----------
(State or Other Jurisdiction of                  (I.R.S. Employer I.D. No.)
 incorporation or organization)

                          9005 Cobble Canyon Lane
                            Sandy, Utah 84093
                            -----------------
                 (Address of Principal Executive Offices)

                Issuer's Telephone Number:  (801) 942-0555

Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 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.

(1)  Yes  X   No                   (2)  Yes  X   No
         ---     ---                        ---     ---

<PAGE>
             APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                PROCEEDINGS DURING THE PRECEDING FIVE YEARS

                              Not applicable.


                   APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the Registrant's classes
of common stock, as of the latest practicable date:

                         September 30, 2001

                              2,620,326
                              ---------
PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements.

          The Financial Statements of the Registrant required to be filed with
this 10-QSB Quarterly Report were prepared by management, and commence on the
following page, together with Related Notes.  In the opinion of management,
the Financial Statements fairly present the financial condition of the
Registrant.
<PAGE>
            NEW ENVIRONMENTAL TECHNOLOGIES CORPORATION
                  (A Development Stage Company)

                       FINANCIAL STATEMENTS

            September 30, 2001 and December 31, 2000
<PAGE>
<TABLE>
            NEW ENVIRONMENTAL TECHNOLOGIES CORPORATION
                  (A Development Stage Company)
                          Balance Sheets
<CAPTION>

                              ASSETS

                                             September 30,      December 31,
                                                   2001             2000
                                                 (Unaudited)
<S>                                               <C>           <C>
CURRENT ASSETS

 Cash                                             $       -      $         10
                                                  ---------      ------------
  TOTAL ASSETS                                    $       -      $         10
                                                  =========      ============
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

     Accounts payable                             $  27,506      $    22,987
     Accounts payable - related party                18,681           13,453
                                                  ---------      -----------
          Total Liabilities                          46,187           36,440
                                                  ---------      -----------
STOCKHOLDERS' EQUITY (DEFICIT)

     Common stock authorized 100,000,000 shares at
      $0.001 par value; 2,620,326 and 2,620,326
      shares issued and outstanding, respectively     2,620            2,620
     Additional paid-in capital                     150,692          150,692
     Deficit accumulated during the development
      stage                                        (199,499)        (189,742)
                                                  ---------       ----------
          Total Stockholders' Equity (Deficit)      (46,187)         (36,430)
                                                  ---------       ----------
          TOTAL LIABILITIES AND STOCKHOLDERS'
            EQUITY (DEFICIT)                     $       -         $      10
                                                 =========         =========
</TABLE>
The accompanying notes are an integral part of these financial statements.
                                2
<PAGE>
<TABLE>
            NEW ENVIRONMENTAL TECHNOLOGIES CORPORATION
                  (A Development Stage Company)
                     Statements of Operations
                           (Unaudited)
<CAPTION>
                                                                     >From

                                                                 Inception on
                               For the           For the          January 7,
                          Nine Months Ended Three Months Ended   1982 Through
                           September 30,      September 30,      September 30,
                           2001      2000     2001        2000       2001
<S>                       <C>      <C>       <C>        <C>        <C>
REVENUES                  $      -  $      -  $      -   $     -   $       -

EXPENSES                     9,757     1,794       865        13     199,499
                          --------  --------  --------   -------   ---------
NET LOSS                  $ (9,757) $ (1,794) $   (865)  $   (13)  $(199,499)
                          ========  ========  ========   =======   =========
BASIC LOSS PER SHARE      $  (0.00) $  (0.00) $  (0.00)  $ (0.00)
                          ========  ========  ========   =======
BASIC WEIGHTED AVERAGE
 NUMBER OF SHARES
 OUTSTANDING             2,620,326  2,620,326  2,620,326  2,620,326
</TABLE>                 =========  =========  =========  =========
The accompanying notes are an integral part of these financial statements.
                                3
<PAGE>
<TABLE>
            NEW ENVIRONMENTAL TECHNOLOGIES CORPORATION
                  (A Development Stage Company)
           Statements of Stockholders' Equity (Deficit)
<CAPTION>
                                                                  Deficit
                                                                Accumulated
                                                     Additional  During the
                                Common Stock           Paid-in  Development
                              Shares      Amount       Capital     Stage
<S>                           <C>         <C>         <C>        <C>
Balance, January 7, 1982         -        $   -        $ -        $    -

Common stock issued for cash
 at $7.50 per share            6,000          6         45,000         -

Common stock issued for cash
 at $0.39 per share          168,503        169         65,819         -

Net loss from inception on
 January 7, 1982 through
 December 31, 1982               -            -            -       (39,597)

Balance, December 31, 1982   174,503        175        110,819     (39,597)

Net loss for the year ended
 December 31, 1983               -            -            -       (71,397)

Balance, December 31, 1983   174,503        175        110,819    (110,994)

Common stock issued for cash
 at $25.00 per share              57          -          1,425         -

Common stock issued for cash
 at $25.00 per share               3          -             75         -

Common stock issued for cash
 at $0.25 per share        1,580,000      1,580         38,373         -

Net loss for the year ended
 December 31, 1984               -            -            -           -


Balance, December 31, 1984 1,754,563      1,755        150,692    (110,994)

Retired common stock,     (1,296,132)    (1,297)           -           -

Net loss for the year ended
 December 31, 1985               -          -              -           -

Balance, December 31, 1985   458,431        458        150,692    (110,994)

Net loss for the year ended
 December 31, 1986               -          -              -           -

Balance, December 31, 1986   458,431        458        150,692    (110,994)
                                4
<PAGE>
            NEW ENVIRONMENTAL TECHNOLOGIES CORPORATION
                  (A Development Stage Company)
           Statements of Stockholders' Equity (Deficit)

                                                                  Deficit
                                                                Accumulated
                                                     Additional  During the
                                Common Stock           Paid-in  Development
                              Shares      Amount       Capital     Stage
<S>                           <C>         <C>         <C>        <C>
Balance, December 31, 1986   458,431        458        150,692    (110,994)

Net loss for the year ended
 December 31, 1987               -          -              -           -

Balance, December 31, 1987   458,431        458        150,692    (110,994)

Net loss for the year ended
 December 31, 1988               -          -              -           -

Balance, December 31, 1988   458,431        458        150,692    (110,994)

Net loss for the year ended
 December 31, 1989               -          -              -           -

Balance, December 31, 1989   458,431        458        150,692    (110,994)

Net loss for the year ended
 December 31, 1990               -          -              -           -

Balance, December 31, 1990   458,431        458        150,692    (110,994)

Net loss for the year ended
 December 31, 1991               -          -              -           -

Balance, December 31, 1991   458,431        458        150,692    (110,994)

Net loss for the year ended
 December 31, 1992               -          -              -           -

Balance, December 31, 1992   458,431        458        150,692    (110,994)

Net loss for the year ended
 December 31, 1993               -          -              -           -

Balance, December 31, 1993   458,431        458        150,692    (110,994)

Canceled common stock       (316,000)      (316)           -           -

Net loss for the year ended
 December 31, 1994               -          -              -        (6,656)

Balance, December 31, 1994   142,431        142        150,692    (117,650)
                                5
<PAGE>
            NEW ENVIRONMENTAL TECHNOLOGIES CORPORATION
                  (A Development Stage Company)
           Statements of Stockholders' Equity (Deficit)
                                                                  Deficit
                                                                Accumulated
                                                     Additional  During the
                                Common Stock           Paid-in  Development
                              Shares      Amount       Capital     Stage
<S>                           <C>         <C>         <C>        <C>
Balance, December 31, 1994   142,431        142        150,692    (117,650)

Common stock issued for
 services at $0.001 per
 share                       160,000        160            -           -

Common stock issued for
 services at $0.001 per
 share                     2,197,895      2,198            -           -

Net loss for the year ended
 December 31, 1995               -          -              -       (49,097)

Balance, December 31, 1995 2,500,326      2,500        150,692    (166,747)

Common stock issued for
 services at $0.001 per
 share                       120,000        120            -           -

Net loss for the year ended
 December 31, 1996               -          -              -        (1,681)

Balance, December 31, 1996 2,620,326      2,620        150,692    (168,428)

Net loss for the year ended
 December 31, 1997               -          -              -        (3,517)

Balance, December 31, 1997 2,620,326      2,620        150,692    (171,945)

Net loss for the year ended
 December 31, 1998               -          -              -        (2,479)

Balance, December 31, 1998 2,620,326   $  2,620     $  150,692   $(174,424)


Net loss for the year ended
 December 31, 1999               -          -              -        (6,307)

Balance, December 31, 1999 2,620,326   $  2,620     $  150,692   $(180,731)

Net loss for the year
 ended December 31, 2000         -          -              -        (9,011)

Balance,
December 31, 2000          2,620,326   $  2,620     $  150,692   $(189,742)

Net loss for the nine months
 ended September 30, 2001
 (unaudited)                     -          -              -        (9,757)

Balance, September 30, 2001
 (unaudited)               2,620,326   $  2,620     $  150,692   $(199,499)
</TABLE>
The accompanying notes are an integral part of these financial statements.
                                6
<PAGE>
<TABLE>
            NEW ENVIRONMENTAL TECHNOLOGIES CORPORATION
                  (A Development Stage Company)
                     Statements of Cash Flows
                           (Unaudited)
<CAPTION>
                                                                      >From

                                                                  Inception on
                                             For the               January 7,
                                       Nine Months Ended          1982 Through
                                         September 30,           September 30,
                                      2001            2000             2001
<S>                                  <C>             <C>         <C>
CASH FLOWS FROM OPERATING
 ACTIVITIES:

  Net loss                            $      (9,757)  $   (1,794)  $(199,499)
  Adjustments to reconcile net loss to
   net cash used by operating activities:
   Stock issued for services                    -            -         2,538
   Increase (decrease) in accounts payable
    and accounts payable - related            9,747        1,758      46,188
                                       ------------   ----------   ---------
        Net Cash Used by Operating
        Activities                              (10)         (36)   (150,773)
                                       ------------   ----------   ---------
CASH FLOWS FROM INVESTING
 ACTIVITIES:                                    -            -           -
                                       ------------   ----------   ---------

CASH FLOWS FROM FINANCING
 ACTIVITIES:

  Issuance of common stock for cash             -            -       150,773
                                       ------------   ----------   ---------
   Net Cash Provided by Financing
    Activities                                  -            -       150,773
                                       ------------   ----------   ---------
NET INCREASE (DECREASE)
 IN CASH                                        (10)         (36)        -

CASH AT BEGINNING OF PERIOD                      10           58         -
                                       ------------   ----------   ---------
CASH AT END OF PERIOD                  $        -     $       22   $     -
                                       ============   ==========   =========
CASH PAID FOR:

  Interest                                $     -         $  -     $     -
  Income taxes                            $     -         $  -     $     -
</TABLE>
The accompanying notes are an integral part of these financial statements.
                                7
<PAGE>
            NEW ENVIRONMENTAL TECHNOLOGIES CORPORATION
                  (A Development Stage Company)
                Notes to the Financial Statements
            September 30, 2001 and December 31, 2000


NOTE 1 -  CONDENSED FINANCIAL STATEMENTS

  The accompanying financial statements have been prepared by the
  Company without audit.  In the opinion of management, all adjustments
  (which include only normal recurring adjustments) necessary to
  present fairly the financial position, results of operations and cash
  flows at September 30, 2001 and 2000 and for all periods presented have
  been made.

  Certain information and footnote disclosures normally included in
  financial statements prepared in accordance with generally accepted
  accounting principles have been condensed or omitted.  It is
  suggested that these condensed financial statements be read in
  conjunction with the financial statements and notes thereto included
  in the Company's December 31, 2000 audited financial statements.  The
  results of operations for periods ended September 30, 2001 and 2000 are
  not necessarily indicative of the operating results for the full
  years.

NOTE 2 - GOING CONCERN

  The Company's financial statements are prepared using generally
  accepted accounting principles applicable to a going concern which
  contemplates the realization of assets and liquidation of liabilities
  in the normal course of business.  The Company has not yet
  established an ongoing source of revenues sufficient to cover its
  operating costs and allow it to continue as a going concern.  The
  ability of the Company to continue as a going concern is dependent on
  the Company obtaining adequate capital to fund operating losses until
  it becomes profitable.  If the Company is unable to obtain adequate
  capital, it could be forced to cease operations.

  In order to continue as a going concern, develop a reliable source of
  revenues, and achieve a profitable level of operations, the Company
  will need, among other things, additional capital resources.
  Management's plans to continue as a going concern include raising
  additional capital through sales of common stock and to seek a merger
  with an existing operating Company.  However, management cannot
  provide any assurances that the company will be successful in
  accomplishing any of its plans.

  The ability of the Company to continue as a going concern is
  dependent upon its ability to successfully accomplish the plans
  described in the preceding paragraph and eventually secure other
  sources of financing and attain profitable operations.  The
  accompanying financial statements do not include any adjustments that
  might be necessary if the Company is unable to continue as a going
  concern.
<PAGE>
Item 2.   Management's Discussion and Analysis or Plan of Operation.
--------------------------------------------------------------------

Plan of Operation.
------------------

         The Company has not engaged in any material operations since the
calendar year ended December 31, 1985, or during the quarterly period ended
September 30, 2001.

         The Company's plan of operation for the next 12 months is to:(i)
consider guidelines of industries in which the Company may have an interest;
(ii) adopt a business plan regarding engaging in business in any selected
industry; and (iii) to commence such operations through funding and/or the
acquisition of a "going concern" engaged in any industry selected.

         During the next 12 months, the Company's only foreseeable cash
requirements will relate to maintaining the Company in good standing or the
payment of expenses associated with reviewing or investigating any potential
industries as a business venture, which the Company expects to pay from its
cash resources or loans from makers of management.

Results of Operations.
----------------------

          During the quarterly period ended September 30, 2001, the Company
had no business operations.  During this period, the Company received total
revenues of $0 and had a net loss of $(865), as compared to the quarterly
period ended September 30, 2000, when the Company received total revenues of
$0 and had a net loss of $(13).

          During the nine months ended September 30, 2001, the Company had no
business operations.  During the nine months ended September 30, 2001, the
Company received total revenues of $0 and had a net loss of $(9,757), as
compared to the nine months ended September 30, 2000, when the Company
received total revenues of $0 and had a net loss of $(1,794).

Liquidity.
----------

          At September 30, 2001, the Company had $0 in current assets, with
total current liabilities of $46,187.  Total stockholders' equity was
($46,187).

                    PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.
----------------------------

          None; not applicable.

Item 2.   Changes in Securities.
--------------------------------

          None; not applicable.

Item 3.   Defaults Upon Senior Securities.
------------------------------------------

          None; not applicable.

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

          None; not applicable.

Item 5.   Other Information.
----------------------------

          None; not applicable.

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

          (a)  Exhibits.

               None.

          (b)  Reports on Form 8-K.

               None.

<PAGE>

                               SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned there unto duly authorized.

                                 New Environmental Technologies Corporation



Date: 11/14/01                        By/s/David S. Merrell
     --------------                     -------------------------------------
                                        David C. Merrell
                                        Director and President


Date: 11/14/01                        By/S/Corie Merrell
     --------------                     -------------------------------------
                                        Corie Merrell
                                        Secretary and Treasurer