SECURITIES AND EXCHANGE COMMISSION
                              Washington, D.C.  20549



                                   FORM 10-QSB
        [X]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                        THE SECURITIES EXCHANGE ACT OF 1934

                     For quarterly period ended June 30, 2004


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

             For the transition period from ___________  to  ___________ .

                         Commission file number:  001-15777

                                  Unitrend, Inc.
               (Exact name of registrant as specified in its charter)


                Nevada                                       34-1904923
    (State or other jurisdiction                          (I.R.S. employer
  of incorporation or organization)                    identification number)



                              4665 West Bancroft St.
                               Toledo, Ohio  43615
           (Address of principal executive offices, including zip code)



                                 (419) 536-2090
              (Registrant's telephone number, including area code)


Indicate  by  check  mark  whether  the  registrant (1)  has  filed  all reports
required  to  be  filed  by  Section  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.   YES [X] NO [ ]

Number of shares of registrant's common stock outstanding as of June 30, 2004:
70,390,770


                                      UNITREND, INC.
                                       FORM 10-QSB
                              QUARTER ENDED JUNE 30, 2004

                                   Table of Contents

PART I    FINANCIAL INFORMATION                                             Page

Item 1.   Condensed Financial Statements

          Condensed Balance Sheets at June 30, 2004
          And December 31, 2003...........................................     3

          Condensed Statements of Operations for the three and six months
          ended  June 30, 2004, 2003  and for the  period from  September
          27, 1994 (date of inception) to June 30, 2004...................     4

          Condensed  Statements  of Cash  Flows for the six months  ended
          June  30,  2004,  2003  and  for  the period from September 27,
          1994 (date of inception) to June 30, 2004.......................     5

          Condensed  Statements  of  Stockholders'  Equity  for  the  six
          months    ended   June  30,  2004  and  for  the  years   ended
          December 31, 2003 and 2002......................................     6

          Notes to Condensed Financial Statements.........................   7-8

Item 2.   Management's  Discussion  and  Analysis  of Financial Condition
          and Results of Operations.......................................  8-11

PART II   OTHER INFORMATION

Item 1.   Legal Proceedings...............................................    11


Item 2.   Changes In Securities And Use Of Proceeds.......................    11

Item 3.   Defaults Upon Senior Securities.................................    12


Item 4.   Submission Of Matters To A Vote Of Security Holders.............    12

Item 5.   Other Information...............................................    12

Item 6.   Exhibit.........................................................    12

          Signatures......................................................    12


This  quarterly report on Form 10-QSB is for the three and six months ended June
30, 2004.   This  quarterly report modifies and supersedes documents filed prior
to this quarterly report.   The Securities and Exchange Commission (SEC)  allows
Unitrend  to  "incorporate by reference" information  that  is filed  with them,
which means that Unitrend can disclose important information to you by referring
you  directly  to  those  documents.   Information  incorporated by reference is
considered  to be part of this quarterly report.  In addition,  information that
will be filed with the SEC in the future will automatically update and supersede
information contained in this  quarterly  report.   In  this  quarterly  report,
"Unitrend," "we," "us" and "our" refer to Unitrend, Inc.


You  should carefully review the information  contained in this quarterly report
and in other reports or documents that Unitrend files from time to time with the
SEC.   In this  quarterly report,  Unitrend states  Unitrend's beliefs of future
events and of Unitrend's future financial performance.   In  some cases, you can
identify  those so-called "forward-looking statements"  by words  such as "may,"
"will,"  "should,"  "expects,"  "plans," "anticipates," "believes," "estimates,"
"predicts,"  "potential," or "continue" or the negative of those words and other
comparable words.  You should be aware that those statements are only Unitrend's
predictions.   Actual  events or results may differ materially.   In  evaluating
those  statements,  you should specifically consider various factors,  including
the risks outlined in this document.   Those factors may cause Unitrend's actual
results to differ materially from any of Unitrend's forward-looking statements.




Part I.        Financial Information
Item I.        Condensed Financial Statements



                               UNITREND, INC.
                         (A Development Stage Company)
                               BALANCE SHEETS
<TABLE>
<CAPTION>
                                     ASSETS
                                                        (unaudited)         (unaudited)
                                                       June 30, 2004      December 31,2003
                                                      ----------------    ----------------
<S>                                                   <C>                 <C>
CURRENT ASSETS
  Cash                                                $           182     $         3,178
  Accounts receivable                                             700                   -
  Inventory - Finished goods                                    9,980              10,651
                                                      ----------------    ----------------
    Total current assets                                       10,862              13,829

PROPERTY AND EQUIPMENT, at cost
  Land                                                         67,485              67,485
  Building and improvements                                   351,168             351,168
  Furniture and fixtures                                       65,496              65,496
  Computer equipment                                          151,055             151,055
  Computer software                                            46,719              46,719
  Automobiles                                                  15,937              15,937
  Tooling and dies under construction                       1,535,757           1,507,157
                                                      ----------------    ----------------
                                                            2,233,617           2,205,017
  Less accumulated depreciation                              (303,576)           (294,261)
                                                      ----------------    ----------------
    Net property and equipment                              1,930,041           1,910,756
                                                      ----------------    ----------------

OTHER ASSETS
  Patent licensing costs,
    net of accumulated amortization                            21,770              22,827
                                                      ----------------    ----------------



    TOTAL ASSETS                                      $     1,962,672     $     1,947,412
                                                      ================    ================


                       LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITES
  Accounts payable                                    $       713,011     $       623,626
  Current portion of note payable                             172,177             185,330
  Accrued expenses                                            983,513           1,172,433
                                                      ----------------    ----------------
    Total current liabilities                               1,868,701           1,981,390
                                                      ----------------    ----------------

NOTES PAYABLE - RELATED PARTIES                                     -                   -
                                                      ----------------    ----------------


STOCKHOLDERS' EQUITY
  Common stock, no par value                                3,805,098           3,795,598
  Additional paid-in capital                                8,975,592           8,601,683
  Deficit accumulated in the development stage
                                                          (12,686,719)        (12,431,259)
                                                      ----------------    ----------------

    Total stockholders' equity                                 93,971             (33,978)
                                                      ----------------    ----------------
    TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY                                          $     1,962,672     $     1,947,412
                                                      ================    ================

</TABLE>


                                 UNITREND, INC.
                          (A Development Stage Company)
                       STATEMENTS OF OPERATIONS (UNAUDITED)
<TABLE>
<CAPTION>                                                                                                    (unaudited)
                                (unaudited)        (unaudited)         (unaudited)        (unaudited)    September  27, 1994
                            Three Months Ended Three Months Ended   Six Months Ended   Six Months Ended  (Date of Inception)
                                June 30, 2004      June 30, 2003      June 30, 2004      June 30, 2003    to June 30, 2004
                              ----------------   ----------------   ----------------   ----------------   ----------------
<S>                           <C>                <C>                <C>                <C>                <C>
Sales                         $           717    $             -    $           750    $             -    $         1,436

Cost of Sales                          (2,048)                 -             (2,204)                 -             (3,214)
                              ----------------   ----------------   ----------------   ----------------   ----------------

Gross Loss                             (1,330)                 -             (1,454)                 -             (1,778)

Research and development
  expenses                                  -                  -                  -            (24,000)          (566,515)
Selling, general and
  administrative expenses            (110,100)           (71,234)          (246,807)          (129,668)       (11,778,717)
                              ----------------   ----------------   ----------------   ----------------   ----------------

Operating loss                       (111,430)           (71,234)          (248,261)          (153,668)       (12,347,010)

Interest income                             -                  -                  -                  -              1,546

Interest expense                       (3,421)           (12,355)            (7,199)           (18,662)          (317,287)
                              ----------------   ----------------   ----------------   ----------------   ----------------
Net loss before cumulative
  effect of change in
  accounting principle               (114,850)           (83,589)          (255,460)          (172,330)       (12,662,751)

Cumulative effect of
  change in accounting
  principle                                 -                  -                  -                  -            (23,968)
                              ----------------   ----------------   ----------------   ----------------   ----------------

Net loss                      $      (114,850)   $       (83,589)   $      (255,460)   $      (172,330)   $   (12,686,719)
                              ================   ================   ================   ================   ================

Basic and diluted loss
  per share:

Before cumulative effect
  of change in accounting
  principle                   $         (0.00)   $         (0.00)   $         (0.00)   $         (0.00)   $         (0.19)

Cumulative effect of change
  in accounting principle                   -                  -                  -                  -                  -
                              ----------------   ----------------   ----------------   ----------------   ----------------


 Net loss                     $         (0.00)   $         (0.00)   $         (0.00)   $         (0.00)   $         (0.19)
                              ================   ================   ================   ================   ================

Weighted average shares
  outstanding used to compute
  basic and diluted loss per
  share                            70,390,770         70,371,770         70,390,770         70,371,770         68,150,542
                              ================   ================   ================   ================   ================

</TABLE>

                                  UNITREND, INC.
                           (A Development Stage Company)

                              STATEMENT OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                                (unaudited)
                                                        (unaudited)         (unaudited)      September 27, 1994
                                                      Six Months Ended    Six Months Ended   (Date Of Inception)
                                                        June 30, 2004       June 30, 2003     to June 30, 2004
                                                      ----------------    ----------------    ----------------
<S>                                                   <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                            $      (255,460)    $      (172,330)    $   (12,686,719)
                                                      ----------------    ----------------    ----------------

Adjustments to reconcile net loss to
   net cash used in operating activities:
    Change in accounting principle                                  -                   -              23,968
    Options issued for services                                     -                   -           5,326,989
    Depreciation & amortization                                10,372              11,770             344,749
    Loss on disposal of property
     and equipment                                                  -                   -              12,893
    Bad debt                                                        -                   -              42,157
    Accrued interest income                                         -                   -              (3,091)
    Common stock issued for services                                -                   -              10,000
  Increase in operating assets:
    Accounts receivable                                          (700)                  -                (700)
    Inventory                                                     671                   -              (9,980)
    Prepaid expenses                                                -                   -                   -
  Increase in operating liabilities:
    Accounts payable                                           89,385               7,424             713,011
    Accrued expenses                                         (188,920)             84,279           1,199,203
                                                      ----------------    ----------------    ----------------
    Total adjustments                                         (89,192)            103,473           7,659,199
                                                      ----------------    ----------------    ----------------
  Net cash used in operating activities                      (344,652)            (68,857)         (5,027,520)
                                                      ----------------    ----------------    ----------------


CASH FLOWS FROM INVESTING ACTIVITIES
  Payment for patent licensing costs                                -                   -             (31,723)
  Purchase of property and equipment                          (28,600)                  -          (2,277,022)
  Proceeds from sale of property and
   equipment                                                        -                   -              10,941
  Loans to related parties                                          -                   -             (18,191)
  Loans to other entities                                           -                   -             (23,916)
  Repayment from employee                                           -                   -               3,041
  Payment of organizational cost                                    -                   -             (30,168)
                                                      ----------------    ----------------    ----------------
  Net cash provided by (used in )
   investing activities                                       (28,600)                  -          (2,367,038)
                                                      ----------------    ----------------    ----------------
CASH FLOWS FROM FINANCING ACTIVITIES
  Payment of loan costs                                             -                   -              (5,448)
  Loans from stockholder                                      373,909              80,071           3,466,098
  Proceeds from note payable                                        -                   -             290,000
  Payment on note payable                                     (13,153)            (11,125)           (117,823)
  Proceeds from sale of common stock
   and exercise of stock options                                9,500                   -           2,629,063
  Payments for stock recissions                                     -                   -            (134,170)
  Sale of stock subject to recission
   for cash                                                         -                   -           1,267,020
                                                      ----------------    ----------------    ----------------
  Net cash provided by financing
   activities                                                 370,256              68,946           7,394,740
                                                      ----------------    ----------------    ----------------

    Net increase (decrease) in cash                            (2,996)                 89                 182

Cash - beginning of period                                      3,178                  52                   -
                                                      ----------------    ----------------    ----------------
Cash - end of period                                  $           182     $           141     $           182
                                                      ================    ================    ================
SUPPLEMENTAL DISCLOSURE OF CASH
 FLOW INFORMATION:
    Cash paid during the period
     Interest                                         $         7,199     $         2,875     $       173,812

</TABLE>

SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING ACTIVITIES:

The President/Majority Stockholder forgave debt of $373,909 during
  the period ended June 30, 2004.


                                 UNITREND, INC.
                          (A Development Stage Company)

                  STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)
                    For the Six Months Ended June 30, 2004
               And For the Years Ended December 31, 2003 and 2002
                                   (unaudited)

<TABLE>
<CAPTION>
                                                               Deficit
                                                             Accumulated
                             Common Stock      Additional     During the
                           ----------------      Paid-in     Development
                          Shares      Amount     Capital        Stage        Total
                        ----------  ----------  ----------  -------------  ----------
<S>                     <C>         <C>         <C>         <C>            <C>
BALANCE -
DECEMBER 31, 2001       69,895,580   3,557,503   8,023,695   (11,099,384)     481,814

Majority stockholder
  exercised options
  at $0.50 per share
  on January 22, 2002      476,190     238,095           -             -      238,095

Net loss - 2002                  -           -           -    (1,050,937)  (1,050,937)
                        ----------  ----------  ----------  -------------  -----------
BALANCE -
DECEMBER 31, 2002       70,371,770   3,795,598   8,023,695   (12,150,321)    (331,028)

Majority stockholder
  forgives loans and
  accrued salary on
  December 31, 2003              -           -     577,988              -     577,988


Net loss - 2003                  -           -           -      (280,938)    (280,938)
                        ----------  ----------  ----------  -------------  -----------
BALANCE -
DECEMBER 31, 2003       70,371,770   3,795,598   8,601,683   (12,431,259)     (33,978)

Exercise of stock
  options at $0.50
  per share on
  January 14, 2004          19,000       9,500           -             -        9,500

Majority stockholder
  forgives loans on
  March 31, 2004                 -           -     136,832             -      136,832

Majority stockholder
  forgives loans on
  June 30, 2004                  -           -     237,077             -      237,077

Net loss for the
  period ended
  June 30, 2004                  -           -           -      (255,460)    (255,460)
                        ----------  ----------  ----------  -------------  -----------

BALANCE -
  JUNE 30, 2004         70,390,770  $3,805,098  $8,975,592  $(12,686,719)  $   93,971
                        ==========  ==========  ==========  =============  ===========

</TABLE>



                                   UNITREND, INC.
                                    FORM 10-Q SB
                           QUARTER ENDED JUNE 30, 2004
                 NOTES TO CONDENSED FINANCIAL STATEMENTS (unaudited)

BASIS OF PRESENTATION
The  condensed  financial  statements  included  herein  have  been  prepared by
Unitrend,  Inc.,  without  audit,  pursuant to  the rules and regulations of the
Securities   and   Exchange  Commission.    Certain  information   and  footnote
disclosures  normally  included  in  financial statements prepared in accordance
with  generally  accepted  accounting  principles have been condensed or omitted
pursuant to such  rules and regulations.   However, Unitrend, Inc. believes that
the disclosures are adequate to make the information presented not misleading.

The  unaudited  condensed  financial  statements  included  herein  reflect  all
adjustments (which include only normal,  recurring adjustments) that are, in the
opinion of Unitrend's management,  necessary to state fairly the results for the
three and six month periods ended June 30, 2004.   The results for the three and
six  month  periods  ended  June 30, 2004  are not necessarily indicative of the
results expected for the full fiscal year.

NATURE AND SCOPE OF BUSINESS
Unitrend, Inc. (Unitrend) a Nevada corporation as of  January, 1999, formerly an
Ohio  corporation,  is a  development stage  company formed  to produce computer
enclosures,  power  supplies  and  related  products  for  a  national   market.
Unitrend, Inc. was  incorporated on April 11, 1996 as Versa Case, Inc.   On  May
15, 1996,  Versa Case, Inc.  changed  its  name  to  Unitrend, Inc.   Unitrend's
operations  to  date  have  consisted  primarily of incidental sales of computer
components while  Unitrend's personnel  have concentrated  on the development of
Unitrend's products.   To date, Unitrend has been  issued  seven  United  States
patents with three patent applications pending.   The VersaCase patent alone was
valued at $9,478,000 by Robinwood Consulting, an independent firm experienced in
the  valuation  of  intellectual   property.    Generally  accepted   accounting
principles do not allow Unitrend to record this valuation on the balance sheets,
Unitrend  can  only account for the direct costs involved in obtaining a patent.
Unitrend also has six  registered trademarks and service marks.   As of June 30,
2004, expenses incurred have been primarily for administrative support,  tooling
and  product  development  of  the  enclosures  and  power  supplies  that  will
ultimately be sold and tooling, product development  and inventory  of the  wire
management  systems  that are  currently being sold,  which has  resulted  in an
accumulated deficit in the development stage of approximately $12,687,000.

On April 16, 1998,  Unitrend formed Osborne Manufacturing, Inc. (OMI) to produce
Unitrend's  products.   In 2002, OMI was dissolved because Unitrend's management
determined  that  it  could save time and money by entering into a contract with
New  Product  Innovations,  Inc.  (NPI)  to  provide  turnkey  manufacturing  of
Unitrend's product line.   NPI  is a joint venture between General Electric (GE)
and Fitch, Inc.  NPI along with Fitch will complete product development,  obtain
agency approvals, engage in product positioning and manufacturing development.

Unitrend merged with Server Systems Technology, Inc.  (SSTI)  effective December
15, 1998.   SSTI was  the  predecessor  to Unitrend and was formed September 27,
1994.   SSTI  owns several patents that  are  key to  Unitrend's  products,  but
otherwise SSTI had  ceased development stage operations when Unitrend was formed
in April, 1996.  SSTI is a related party to Unitrend since the two entities have
common stockholders.

In early 2003,  research  and  development  began on the Cablety wire management
system.   Designs  were  finalized  and a tool was built to produce the Cablety.
Production of the Cablety began  late  in the fourth quarter  of  2003  and  the
Cablety  was  made  available  for  sale  over  Unitrend's  new e-commerce site.
Unitrend had no significant sales, but anticipate  sales to increase as Unitrend
moves forward and concentrates on marketing Unitrend's products.  Unitrend hopes
to  finalize  any design changes to the VersaCase and Stable power supply in mid
2004 and intends to produce these two products later in 2004.

On March 1, 2004,  Unitrend  entered into a contract with Titan Technologies, an
established national sales and  marketing group, to market and sell the Cablety,
VersaCase, Stable power supply  and any  future  products developed by Unitrend.
The  first  product for  sale is  the  Cablety  and  it will be marketed through
various channels including,  but not limited to,  value added re-sellers (VARs),
original  equipment  manufacturers (OEMs)  and  Internet sales.   Unitrend  will
modify distribution  plans as  demanded by  the markets Unitrend serves in order
to maximize efficiency throughout all channels of distribution.   In March 2004,
R & R Plastics  began  building two high volume production tools for the Cablety
with new  industrial/military "Safety Wire"  capabilities molded into it.   This
tool was completed in June.   Each  tool  is a four-cavity mold and together are
capable of producing 35,000 kits per week.   Molding,  assembly and distribution
of  the  Cablety components will  be  performed by a  local outside vendor.   In
April  2004,  Unitrend  along  with  a  representative  from  Titan Technologies
participated in RetailVision Spring 2004.   RetailVision  Spring 2004 is a trade
show  that  allows the manufacturer to sit face to face with potential retailers
and   distributors   in   the   computer   industry.    Unitrend   presented  to
representatives  that  comprise  approximately  90%  of  the computer industry's
manufacturers  and/or distributors.   Positive  results  of  this  show  include
agreements  signed  with  Micro Center, Inc.,  TigerDirect.com,  Zones, Inc. and
Advanced  Computer  Products,  Inc. (ACP).   Micro Center, Inc.  offers  a  huge
selection of  competitively priced,  high-quality  products,  and  a  wealth  of
information  to help customers make informed buying decisions.  Micro Center has
twenty nationwide retail stores along with an online  retail  site.   Currently,
the Cablety may be  purchased  at www.microcenter.com.   TigerDirect.com carries
the  world's  largest selection of computer components, making them the reseller
of  choice  for the "build-it-yourselfer."  Zones, Inc. and their affiliates are
single-source, multi-vendor direct marketing resellers of name-brand information
technology products to the small to medium sized business market, enterprise and
public  sector  accounts  and  sells  product  through outbound and inbound call
center  account  executives,  specialty  print and e-catalogs, and the Internet.
ACP is a west coast based computer component retailer  that has been in business
for twenty-six years.  ACP is a worldwide wholesale  distributor of new and used
computers, computer parts and peripherals.

USE OF ESTIMATES
The  preparation  of financial  statements in conformity with generally accepted
accounting principles requires  Unitrend's  management  to  make  estimates  and
assumptions  that  affect  the  reported  amounts  of  assets  and  liabilities,
disclosure  of  contingent  assets  and liabilities at the date of the financial
statements  and  the  reported  amounts  of  revenues  and  expenses  during the
reporting periods.  Actual results could differ from these estimates.

RELATED PARTY PAYABLE
In  the past,  there  were  unsecured  notes  payable  to the President/majority
stockholder, including interest at prime on the first business day of the  year,
payable in ten equal installments after Unitrend is profitable for one year.  As
of  June 30, 2004  and December 31, 2003,  the outstanding  balance  of the note
payable to  the  President/majority  stockholder  was  zero.   On  June 30, 2004
Unitrend's President/majority stockholder forgave loans to Unitrend of $237,077.
On March 31, 2004,  Unitrend's  President/majority  stockholder forgave loans to
Unitrend of $136,832.  The President/majority stockholder  also forgave debt  of
$432,240,  accrued interest of $22,280 and accrued salary of $199,352 during the
year ended December 31, 2003.   On March 31, 2000, Unitrend's President/majority
stockholder  forgave  loans  to  Unitrend  of $2,171,854 and accrued interest of
$69,942.  The forgiveness was accounted for as contributed capital.

NEW ACCOUNTING PRONOUNCEMENTS

None


Item 2.    Management's Discussion and Analysis of Financial Condition and
           Results of Operations

RESULTS OF OPERATIONS - SECOND QUARTER OF 2004 COMPARED TO SECOND QUARTER
OF 2003

Unitrend had no significant revenues  in the  quarter  ended June 30, 2004 or in
the quarter ended June 30, 2003.  In  the fourth quarter 2003, Unitrend began to
produce  and  sell the  Cablety wire management system.   Revenues  were  modest
during  the  second  quarter  of  2004  because  Unitrend  had  not  implemented
Unitrend's recently completed marketing program.  This program will include, but
not  be  limited to,  trade and consumer advertising, public relations and trade
shows.   Unitrend  anticipates not  being  classified  as  a  development  stage
enterprise sometime during 2004.

Unitrend had an operating  loss  of $111,430  during  the quarter ended June 30,
2004 as  compared  to an operating loss of $71,234 during the quarter ended June
30, 2003, an increase of 56%.  As discussed below, this operating loss increased
primarily because of selling, general and administrative expenses.

Selling,  general  and  administrative expenses increased to $110,100 during the
quarter ended June 30, 2004 as  compared to $71,234 for the quarter  ended  June
30,  2003,  an  increase  of  55%.    The  increase   in  selling,  general  and
administrative  expenses  was  due primarily to increases in litigation expense,
marketing expense, professional fees, public  relation expense  and  promotional
materials  expense  of  approximately $19,500, $7,500, $6,200, $2,600 and $2,000
during  the quarter  ended June 30, 2004  as compared to the same time period in
2003.  Professional fees and  litigation  expense  increased  during  the second
quarter of 2004 compared to the second quarter of 2003 because of an increase in
use of  Unitrend's  outside  attorneys  for  patent  related matters,  reviewing
contracts and general legal work.   Marketing expense, public relations  expense
and promotional materials expense increased as Unitrend began  creating a public
awareness of Unitrend  and  Unitrend's  products.   There  were  no  significant
decreases in other selling, general and administrative expenses during the three
months ended June 30, 2004 as compared to the three months ended June 30, 2003.

There  were no stock  options granted  to non-employees  during the three months
ended June 30, 2004 or during the three months ended June 30, 2003.

RESULTS OF OPERATIONS - FIRST SIX MONTHS OF 2004 COMPARED TO FIRST SIX MONTHS OF
2003

Unitrend had no significant  revenues  during the six months ended June 30, 2004
or  during  the six months ended June 30, 2003.  In  the  fourth  quarter  2003,
Unitrend began to produce and sell the Cablety wire management system.  Revenues
were  modest  during  the  first six  months of 2004  because Unitrend  had  not
implemented Unitrend's recently completed marketing program.   This program will
include, but not be limited to, trade and consumer advertising, public relations
and trade shows.   Unitrend  anticipates  not being  classified as a development
stage enterprise sometime during 2004.

Unitrend had an operating loss of  $248,261 during the six months ended June 30,
2004 as compared to an operating loss of $153,668 during the  six  months  ended
June 30, 2003, an increase of 62%.  As discussed below, this change is due to an
increase in selling, general and administrative expenses.

Unitrend  had  zero in  research and development  expenses during the six months
ended June 30, 2004  as  compared to $24,000  for  the six months ended June 30,
2003.  Unitrend believes that research and development expenses will increase as
Unitrend  goes  forward  due  to  the  contract  entered  into  with New Product
Innovations, Inc. (NPI) to provide turnkey manufacturing  of Unitrend's  product
line.   NPI along  with Fitch, Inc.  will  complete  product development, obtain
agency  approvals,  engage in product positioning and manufacturing development.
Unitrend anticipates this spending to continue to increase as Unitrend continues
to produce the Cablety,  the first product that was made available to the market
in  the  fourth  quarter  of  2003  and  for  the final  product development and
production of the Stable power supply and VersaCase.  There was $28,600 spent on
tooling during the first six months of 2004 and nothing  spent  on  tooling  and
dies during the first six months of 2003, Unitrend's management anticipates this
to continue to increase as Unitrend moves forward.

Selling, general  and  administrative  expenses increased to $246,807 during the
six months ended June 30, 2004 as  compared to $129,668  during the  six  months
ended  June 30, 2003,  an increase of 90%.   This  change  was  due primarily to
increases in  professional fees, litigation expense,  trade show expense,  stock
registration expense and marketing expense of  approximately  $29,500,  $19,500,
$15,900,  $11,100  and  $7,500  during  the  six  months  ended June 30, 2004 as
compared  to the same time period in 2003.   Professional  fees  and  litigation
expense increased during the  six months ended June 30, 2004 compared to the six
months ended June 30, 2003  because of an  increase in use of Unitrend's outside
attorneys  for  patent  related  matters,  reviewing contracts and general legal
work.  Unitrend  experienced the increase  in trade show expense because of  the
fees associated with the 2004 RetailVision trade show as  compared  to  a  trade
show expense of zero in the same time period last year.   For 2004, the State of
Nevada significantly  increased yearly  stock registration fees,  which  greatly
impacted Unitrend's stock registration expense for the first six months of  2004
as compared to the first six months of 2003.   Marketing  expense  increased  as
Unitrend began creating a public awareness of  Unitrend and Unitrend's products.
There were no significant decreases in other selling, general and administrative
expenses during the six months ended June 30, 2004 as compared to the six months
ended June 30, 2003.

There were no stock options granted to non-employees during the six months ended
June 30, 2004 or during the six months ended June 30, 2003.

Accounts  payable  increased  to $713,011 for the six months ended June 30, 2004
compared  to  $623,626  at years end  December 31, 2003.   Accrued  payroll  and
related taxes increased to $813,941 at June 30, 2004  as compared to $749,310 as
years  end  December 31, 2003, respectively.   Unitrend  notified  all  Unitrend
employees on  January 1, 2001 that due to insufficient funding, payment of wages
would  cease  for  an undetermined amount of time and employees could remain, if
they  should  choose to, on a voluntary basis.   In 2002,  Unitrend decided that
payroll  expense  would  resume  and  has  accrued wages since then.  Unitrend's
interest expense for the six months ended June 30, 2004  was  $7,199 as compared
to $18,662 from the same time period last year.   This  expense decreased due to
Mr. Jelinger forgiving loans made to Unitrend.

LIQUIDITY AND CAPITAL RESOURCES

Unitrend has  financed  operations  since inception primarily through public and
private sales of equity securities,  as  well  as through  loans from Unitrend's
President/majority stockholder,  Conrad A.H. Jelinger.   As  of  June  30, 2004,
Unitrend's cash  totaled $182 and accounts receivable totaled $700.   Loans from
Mr. Jelinger  during  the  six months ended June 30, 2004 totaled $373,909.  Mr.
Jelinger  forgave  these  loans  on June 30, 2004  and on March 31,  2004.   Mr.
Jelinger  forgave  debt of  $432,240,  accrued  interest  of $22,280 and accrued
salary  of $199,352 during the year ended December 31, 2003.  On March 31, 2000,
Mr.  Jelinger  forgave  loans to  Unitrend of $2,171,854 and accrued interest of
$69,942.  This was accounted for as contributed capital.

For  the  six months ended June 30, 2004,  primary  uses of  cash for Unitrend's
operations and working capital requirements totaled $344,652.   Primary  uses of
cash for  Unitrend's  investing  requirements  for the six months ended June 30,
2004 totaled $28,600 due to the launch of two  high  volume  tools to be used in
the production of the Cablety wire management system.

Unitrend's  future  capital  requirements  will  depend  upon  numerous factors,
including the amount of revenues  generated from operations,  the cost of  sales
and  marketing  activities  and  the  progress   of  research  and   development
activities, none of which can be predicted with certainty.   In December,  2000,
Unitrend filed an SB-2 registration statement with the  Securities and  Exchange
Commission to register 4,000,000 shares of common stock, at $10.00 per share  in
a  "Best Efforts"  offering.   The  SB-2  registration  statement  was  declared
effective on December 28, 2000.  The  purpose  of  the  offering  was  to  raise
sufficient  funds to  enable Unitrend to commence manufacturing of the VersaCase
product.   Ultimately,  Unitrend  did  not  receive  sufficient subscriptions to
enable to commence manufacturing operations and the offering terminated with all
funds returned to subscribers.   Currently,  Unitrend  plans to raise sufficient
funds through the advancement of  monies  by  Unitrend's founder.   While  funds
advanced and raised from the  founder  may enable  Unitrend to  continue product
development and commence out-source manufacturing, Unitrend's  management cannot
be certain that  the founder  will  continue to fund Unitrend's  capital  needs.
Consequently,  Unitrend  may  seek  additional funding during the next 24 months
through a post effective amendment to the SB-2 registration statement. There can
be  no  assurance that  any additional financing will be available on acceptable
terms, if required. Moreover, if additional financing is not available, Unitrend
could be required to reduce or  suspend  operations, seek an acquisition partner
or  sell  securities  on  terms  that  may  be   highly  dilutive  or  otherwise
disadvantageous to existing investors,  or investors purchasing stock offered in
the  anticipated  secondary  offering.    In  the  event  that  neither  of  the
capital-raising mechanisms described above  result  in timely usable proceeds to
Unitrend, there may be a  serious  shortfall of working capital.   Unitrend  has
experienced  in   the  past,  and   may  continue  to  experience,   operational
difficulties  and  delays  in  product  development  due  to   working   capital
constraints. Any such difficulties or  delays  could  have  a  material  adverse
effect on the business, financial condition and results of operations.

OUTLOOK

The  outlook  section  contains  a  number of forward-looking statements, all of
which are based on current expectations.   Actual results may differ materially.
Unitrend's  growth  strategy  is  built  around  five  imperatives:  maintaining
technological  leadership;  increasing  market  share;  acquiring other business
entities; leveraging strategic  relationships; and the recruiting and  retaining
of key personnel.

MAINTAINING TECHNOLOGY LEADERSHIP.   The  cutting  edge  of Unitrend's effort to
achieve   technological   leadership   is  to  establish  a  standard  for  open
architecture and modularity in the computer enclosure industry.   Other Unitrend
components,  accessories,  and products are in various stages of development and
will be supported by an aggressive research and development budget.

INCREASING  MARKET  SHARE.   Unitrend's  entry into the market is estimated at a
modest level to allow for growth at a reasonable pace.  However, Unitrend  makes
no representations or guarantees  that  Unitrend's  management  will  be able to
manage the growth of the business.   The Cablety was introduced to the market in
the fourth quarter  of 2003  and  Unitrend  experienced modest sales.   Unitrend
anticipates sales to grow as Unitrend moves further into  2004.   Once VersaCase
is introduced, Unitrend expects that there will be significant interest across a
number of market segments.   The  VersaCase  is  unparalleled  in its  versatile
application as a PC or server enclosure.  The ease  of  access  and  scalability
will provide numerous benefits to routine  and  mission-critical users that will
propel and increase market share.

ACQUIRING  OTHER BUSINESS ENTITIES.  In order to expand Unitrend's technological
and market capabilities,  Unitrend  may consider the pursuit of other companies.
Such acquisitions may include core and non-core entities.   A core entity may be
a research and  development group,  and a non-core firm could be one that  might
enhance Unitrend's production process.

LEVERAGING   STRATEGIC   RELATIONSHIPS.    Unitrend    intends    to    leverage
relationships with companies that complement Unitrend's mission.   For instance,
the  uniqueness   of  Cablety,  Stable  and  VersaCase  technology  will  create
opportunities  for  Unitrend   to   establish  strong  relationships  with   key
distributors.   These distributors will be able to offer their clients a product
that  is  very  competitive  and  distinctive.   Unitrend has been approached by
distributors to consider a channel relationship or exclusive position with them.
While  Unitrend must  maintain  a broader market focus, Unitrend may selectively
enter into agreements that would enhance market credibility and penetration.

RECRUITING AND RETAINING OF KEY PERSONNEL.   An  entrepreneurial spirit that was
based  in  creativity,  risk  and  reward drove the birth of Unitrend.  Unitrend
intends to maintain this quality by  offering  competitive  salary and incentive
compensation.  Unitrend's overriding human resources philosophy  is  to  build a
corporate  culture  that  supports  the  success  of  each  employee, as well as
Unitrend.

Part II.       Other Information

Item 1.	       Legal Proceedings

None

Item 2.        Changes In Securities And Use Of Proceeds

None

Item 3.        Defaults Upon Senior Securities

None

Item 4.        Submission Of Matters To A Vote Of Security Holders

Not Applicable

Item 5.        Other Information

None

Item 6.        Exhibits and Reports on Form 8-K

(a)  List of Exhibits

     99.  Additional Exhibits

          Exhibit 99.1 Certification Under Section 906 of Sarbanes-Oxley Act
                       of 2002

(b)  Reports on Form 8-K

     None

                                  SIGNATURES

Pursuant to the requirements of the Securities Exchange  Act of  1934, Unitrend,
Inc.  has duly caused this report to be signed on its behalf by the undersigned,
thereunto  duly authorized.


                             UNITREND, INC.

Dated:  August 12, 2004 By:  /S/ CONRAD A.H. JELINGER:
                             _________________________
                             Conrad A.H. Jelinger
                             Chief Executive Officer,
                             Interim  Chief Financial Officer
                             and President