SECURITIES AND EXCHANGE COMMISSION
                              Washington, D.C.  20549



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

                    For quarterly period ended March 31, 2003


                                       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 March 31, 2003:
70,371,770


                             UNITREND, INC. AND SUBSIDIARY
                                       FORM 10-QSB
                              QUARTER ENDED MARCH 31, 2003

                                   Table of Contents

PART I    FINANCIAL INFORMATION                                             Page

Item 1.   Condensed Financial Statements

          Condensed Balance Sheets at March 31, 2003 And December 31, 2002..   3

          Condensed  Statements  of  Operations  for  the three  months
          ended March 31, 2003,  2002 and for the period from September
          27, 1994 (date of inception) to March 31, 2003....................   4

          Condensed Statements of Cash Flows for the three months ended
          March 31,  2003,  2002 and  for the period from September 27,
          1994 (date of inception) to March 31, 2003........................   5

          Statements of Stockholders' Equity for the three months ended
          March 31, 2003 and for the years ended December 31, 2002 and 2001.   6

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

Item 2.   Management's Discussion and Analysis of Financial Condition
          and Results of Operations.......................................  8-10

PART II   OTHER INFORMATION

Item 1.   Legal Proceedings...............................................    10


Item 2.   Changes In Securities And Use Of Proceeds.......................    10

Item 3.   Defaults Upon Senior Securities.................................    10


Item 4.   Submission Of Matters To A Vote Of Security Holders.............    10

Item 5.   Other Information...............................................    10

Item 6.   Exhibit.........................................................    10

          Signatures......................................................    11


This quarterly report on Form 10-QSB is for the three months ended March 31,2002
This  quarterly  report modifies  and  supersedes documents filed prior  to this
quarterly report.  The  Securities  and  Exchange Commission (SEC)  allows us to
"incorporate by reference" information that we file with them,  which means that
we 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 we file 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  we  file from time to time with the SEC.
In  this  quarterly  report,  we  state our beliefs  of future events and of our
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 our predictions.   Actual  events  or
results  may  differ  materially.   In evaluating those statements,  you  should
specifically  consider  various  factors,  including  the  risks outlined below.
Those factors may cause our actual results  to differ materially from any of our
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)
                                                      March 31, 2003     December 31,2002
                                                      ----------------    ----------------
<S>                                                   <C>                 <C>
CURRENT ASSETS
  Cash                                                $            72     $            52
                                                      ----------------    ----------------

PROPERTY AND EQUIPMENT, at cost
  Land                                                         67,485              67,485
  Building and improvements                                   351,168             351,168
  Furniture and fixtures                                       65,266              65,266
  Computer equipment                                          151,055             151,055
  Computer software                                            46,719              46,719
  Automobiles                                                  15,937              15,937
  Tooling and dies under construction                       1,469,429           1,469,429
                                                      ----------------    ----------------
                                                            2,167,059           2,167,059
  Less accumulated depreciation                              (279,009)           (273,925)
                                                      ----------------    ----------------
    Net property and equipment                              1,888,050           1,893,134
                                                      ----------------    ----------------

OTHER ASSETS
  Patent licensing costs,
    net of accumulated amortization                            24,414              24,942
  Loan costs, net of accumulated amortization                     272                 545
                                                      ----------------    ----------------
    Total other assets                                         24,686              25,487
                                                      ----------------    ----------------



    TOTAL ASSETS                                      $     1,912,808     $     1,918,673
                                                      ================    ================


                       LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITES
  Accounts payable                                    $       629,105     $       624,954
  Current portion of note payable                             209,410             211,313
  Accrued expenses                                          1,353,196           1,314,288
                                                      ----------------    ----------------
    Total current liabilities                               2,191,711           2,150,555
                                                      ----------------    ----------------

NOTES PAYABLE - RELATED PARTIES                               140,867              99,145
                                                      ----------------    ----------------


STOCKHOLDERS' EQUITY
  Common stock, no par value                                3,795,598           3,795,598
  Additional paid-in capital                                8,023,695           8,023,695
  Deficit accumulated in the development stage
                                                          (12,239,062)        (12,150,321)
                                                      ----------------    ----------------

    Total stockholders' equity                               (419,769)           (331,028)
                                                      ----------------    ----------------
    TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY                                          $     1,912,808     $     1,918,673
                                                      ================    ================

</TABLE>


                                 UNITREND, INC.
                          (A Development Stage Company)
                       STATEMENTS OF OPERATIONS (UNAUDITED)
<TABLE>
<CAPTION>                                                                                       (unaudited)
                                                         (unaudited)         (unaudited)    September  27, 1994
                                                     Three Months Ended  Three Months Ended (Date of Inception)
                                                       March 31, 2003      March 31, 2002    to March 31, 2003
                                                      ----------------    ----------------    ----------------
<S>                                                   <C>                 <C>                 <C>
Sales                                                 $             -     $             -     $           603

Research and development expenses                             (24,000)                  -            (553,943)

Selling, general and administrative expenses                  (58,434)            (62,993)        (11,371,703)
                                                      ----------------    ----------------    ----------------

Operating loss                                                (82,434)            (62,993)        (11,925,043)

Interest income                                                     -                   -               1,546

Interest expense                                               (6,307)             (6,869)           (291,597)
                                                      ----------------    ----------------    ----------------
Net loss before cumulative effect of change
  in accounting principle                                     (88,741)            (69,862)        (12,215,094)

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

Net loss                                              $       (88,741)    $       (69,862)    $   (12,239,062)
                                                      ================    ================    ================


Basic and diluted loss per share:

Before cumulative effect of change in
  accounting principle                                $         (0.00)    $         (0.00)    $         (0.18)

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

 Net loss                                             $         (0.00)    $         (0.00)    $         (0.18)
                                                      ================    ================    ================

Weighted average shares outstanding used to
   compute basic and diluted loss per share                70,371,770          69,895,580          66,927,991
                                                      ================    ================    ================

</TABLE>

                                   UNITREND, INC.
                           (A Development Stage Company)

                              STATEMENT OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                                (unaudited)
                                                        (unaudited)         (unaudited)       September 27, 1994
                                                     Three Months Ended  Three Months Ended  (Date Of Inception)
                                                        March 31, 2003     March 31, 2002     to March 31, 2003
                                                      ----------------    ----------------    ----------------
<S>                                                   <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                            $       (88,741)    $       (69,862)    $   (12,239,062)
                                                      ----------------    ----------------    ----------------

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                                 5,885               7,385             317,266
    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 liabilities:
    Accounts payable                                            4,151              30,458             629,105
    Accrued expenses                                           38,908               2,146           1,423,138
                                                      ----------------    ----------------    ----------------
    Total adjustments                                          48,944              39,989           7,782,425
                                                      ----------------    ----------------    ----------------
  Net cash used in operating activities                       (39,797)            (29,873)         (4,456,637)
                                                      ----------------    ----------------    ----------------


CASH FLOWS FROM INVESTING ACTIVITIES
  Payment for patent licensing costs                                -                   -             (31,723)
  Purchase of property and equipment                                -                   -          (2,210,464)
  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                                             -                   -          (2,300,480)
                                                      ----------------    ----------------    ----------------
CASH FLOWS FROM FINANCING ACTIVITIES
  Payment of loan costs                                             -                   -              (5,448)
  Loans from stockholder                                       41,720              34,543           2,800,814
  Proceeds from note payable                                        -                   -             290,000
  Payment on note payable                                      (1,903)             (4,833)            (80,590)
  Proceeds from sale of common stock
   and exercise of stock options                                    -                   -           2,619,563
  Payments for stock recissions                                     -                   -            (134,170)
  Sale of stock subject to recission
   for cash                                                         -                   -           1,267,020
                                                      ----------------    ----------------    ----------------
  Net cash provided by financing
   activities                                                  39,817              29,710           6,757,189
                                                      ----------------    ----------------    ----------------

    Net increase (decrease) in cash                                20                (163)                 72

Cash - beginning of period                                         52                 235                   -
                                                      ----------------    ----------------    ----------------
Cash - end of period                                  $            72     $            72     $            72
                                                      ================    ================    ================
SUPPLEMENTAL DISCLOSURE OF CASH
 FLOW INFORMATION:
    Cash paid during the period
     Interest                                         $         2,097     $         4,623     $       143,912

</TABLE>

SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING ACTIVITIES:

The President/Majority Stockholder exercised 476,190 options to purchase stock,
during the period ended March 31, 2002, at a price of $0.50 per share by
forgiving debt of $238,095.

                                 UNITREND, INC.
                          (A Development Stage Company)

                   STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)
                    For the Three Months Ended March 31, 2003
                And For the Year Ended December 31, 2002 and 2001
                                   (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, 2000       69,895,580   3,557,503   8,023,695   (10,667,395)     913,803

Net loss - 2001                 -           -          -      (431,989)      (431,989)
                        ----------  ----------  ----------  -------------  -----------
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)

                        ==========  ==========  ==========  =============  ===========

Net loss for the
  period ended March
  31, 2003                       -           -           -       (88,741)     (88,741)
                        ----------  ----------  ----------  -------------  -----------
BALANCE -
MARCH 31, 2003          70,371,770  $3,795,598  $8,023,695  $(12,239,062)  $ (419,769)

                        ==========  ==========  ==========  =============  ===========
</TABLE>



                                   UNITREND, INC.
                                    FORM 10-Q SB
                           QUARTER ENDED MARCH 31, 2003
                NOTES TO CONDENSED FINANCIAL STATEMENTS (unaudited)

BASIS OF PRESENTATION
The  condensed  financial statements included herein  have  been prepared by the
Company,  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,  the Company 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 management, necessary to state fairly the results for the three month
period ended March 31, 2003.  The results for the three month period ended March
31, 2003  are  not  necessarily  indicative of the results expected for the full
fiscal year.

NATURE AND SCOPE OF BUSINESS
Unitrend, Inc. (the Company)  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.   The
Company was incorporated on April 11, 1996 as Versa Case, Inc.  On May 15, 1996,
the Company changed its name to Unitrend, Inc.  The Company's operations to date
have consisted  primarily of  incidental sales  of computer components while the
company personnel have concentrated on the development of its products. To date,
the  Company  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.   We  also  have  five registered trademarks and service
marks.   As  of  March 31, 2003,  expenses  incurred  have  been  primarily  for
administrative  support,  tooling and product development of the enclosures that
will  ultimately  be sold,  which  has resulted in an accumulated deficit in the
development stage of approximately $12,239,000.

On  April 16, 1998,  the Company  formed  Osborne  Manufacturing,  Inc. (OMI) to
produce the Company's products.   In 2002,  OMI was dissolved because management
now  believes that it could save time and money by entering into a contract with
New  Product  Innovations, Inc. (NPI)  to provide  turnkey  manufacturing of its
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.

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

USE OF ESTIMATES
The  preparation of  financial statements in conformity  with generally accepted
accounting  principles  require 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
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  the  Company is profitable  for  one  year.  As of
March 31, 2003  and  December 31, 2002,  the  outstanding  balance  of  the note
Payable  to  the   President/majority  stockholder  was  $140,867  and  $99,145,
respectively.  On March 31, 2000,  our  President/majority  stockholder  forgave
loans to  the  Company  of $2,171,854  and  accrued  interest  of  $69,942.  The
forgiveness was accounted for as contributed capital.

NEW ACCOUNTING PRONOUNCEMENTS

In April 2003,  the Financial Accounting Standards Board issued Statement Number
149,   Amendment  of  Statement  133   on  Derivative  Instruments  and  Hedging
Activities.   This Statement amends Statement 133 for decisions made (1) as part
of  the  Derivatives  Implementation  Group  process  that  effectively required
amendments to Statement 133, (2) in connection with other Board projects dealing
with  financial  instruments,  and  (3) in connection with implementation issues
raised  in  relation  to  the  application of the definition of a derivative, in
particular,  the meaning of an initial net investment that is smaller than would
be  required  for  other  types  of  contracts  that would be expected to have a
similar  response  to  changes in market factors, the meaning of underlying, and
the  characteristics  of a  derivative  that contains financing components.  The
Statement  is  effective  for  contracts entered into or modified after June 30,
2003, except as stated below and for hedging relationships designated after June
30, 2003.  Management believes that the Statement will not have any impact since
the Company has not entered into any derivative contracts at the present time.

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

RESULTS OF OPERATIONS - FIRST THREE MONTHS OF 2003 COMPARED TO FIRST THREE
MONTHS OF 2002

The  Company did  not have revenues during the three months ended March 31, 2003
nor during the three months ended March 31, 2002.   We expect to begin producing
and  selling the Cablety in  the second quarter 2003 and the Stable power supply
and VersaCase later in 2003.

We had an operating loss of $82,434 during the three months ended March 31, 2003
as compared to an  operating loss of $62,993 during the three months ended March
31, 2002, an increase of 31%.  As discussed below, this operating loss increased
primarily because of research and development expenses.

The Company  had $24,000  in research  and development expenses during the three
months ended March 31, 2003 as compared to zero for the three months ended March
31, 2002.  We believe that research and development expenses will increase as we
go  forward due  to the contract entered into with New Product Innovations, Inc.
(NPI) to provide turnkey  manufacturing of  our product line.   NPI  along  with
Fitch, Inc.  will  complete product development, obtain agency approvals, engage
in  product  positioning  and  manufacturing  development.   We  anticipate this
spending to continue to increase as we prepare for the final product development
and production of the Cablety, our first product due to reach the market, in the
second quarter of 2003.


Selling,  general  and  administrative  expenses decreased to $58,434 during the
three months ended March 31, 2003 as compared to $62,993 during the three months
ended  March  31, 2002, a decrease of 7%.   We  had an increase of approximately
$40,100 in payroll expense as  compared to the same  time  period in 2002.   The
decrease in selling,  general and administrative expenses was due primarily to a
decrease  in  professional  fees and consulting expense of approximately $28,500
during  the  three  months  ended March 31, 2003 as compared to the three months
ended  March  31, 2002.   Other  significant  decreases  in  insurance  expense,
contract labor costs and telephone expense were approximately $2,500, $2,400 and
$2,300, respectively.

There  were no stock options granted to non-employees  during the  three  months
ended March 31, 2003 or during the  three months ended March 31, 2002.

Accounts payable increased to $629,105 for the three months ended March 31, 2003
compared  to  $624,954  at  years  end December 31, 2002.   Accrued  payroll and
related  taxes increased to $1,022,951 at March 31, 2002 as compared to $982,808
as years end December 31, 2002 respectively.  The Company notified its employees
on January 1, 2001 that due to its  financial condition,  payment of wages would
cease  for  an undetermined amount of time.   In 2002,  the Company decided that
payroll would resume.  Our interest expense for the three months ended March 31,
2003 was $6,307 as compared to $6,869 from the same time period last year.  This
expense was fairly consistent with the previous time period.

LIQUIDITY AND CAPITAL RESOURCES

The Company has financed its operations since inception primarily through public
and  private  sales  of  equity  securities,  as  well as through loans from its
President/majority stockholder, Conrad A.H. Jelinger.  As of March 31, 2003, the
Company's  cash totaled  $72.   Loans  from Mr. Jelinger during the three months
ended March 31, 2003 totaled  $41,720. On March 31, 2000, our President/majority
stockholder forgave loans to the  Company of  $2,171,854 and accrued interest of
$69,942.  This  was  accounted for as contributed capital.

Primary uses of cash for the three months ended March 31, 2003 included  $39,797
for the Company's operations and working capital requirements.

Our future capital requirements will depend upon numerous factors, including the
amount  of  revenues  generated  from  operations,  the  cost  of  our sales and
marketing  activities  and  the  progress  of  our  research   and   development
activities,  none of which can be predicted with certainty.   In December, 2000,
the  company  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  filing  was  declared  effective  on
December 28, 2000.  The purpose of the offering was to raise sufficient funds to
enable   the  company  to  commence  manufacturing  of  its  VersaCase  product.
Ultimately,  the  company  did not receive sufficient subscriptions to enable to
commence  manufacturing  operations  and the offering  terminated with all funds
returned to subscribers.  Currently, the company plans to raise sufficient funds
through  the  advancement  of  monies  by  its  founder  and  through  a private
placement.   The company has enlisted the aid of an outside consulting firm that
will  attempt  to  secure the necessary funding needed to meet the new financial
obligations  associated  with  the  contract  recently  signed  with New Product
Innovations, Inc.  regarding  product  development and out-source manufacturing.
While funds advanced and raised from the founder and the outside consulting firm
may  enable  the company to continue product development and commence out-source
manufacturing,  we  cannot be certain that the founder will continue to fund our
capital needs.   Consequently, we 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,  we  could  be  required to reduce or suspend our 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
the  Company,  we  may  have  a  serious shortfall of working capital.   We have
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 our 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.
Our growth  strategy is  built  around  five imperatives: maintaining technology
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  our effort to achieve
technological  leadership  is  to establish a standard for open architecture and
modularity in  the  computer enclosure industry.  Other components, accessories,
and  products are in various stages of development.  They will be  supported  by
an  aggressive research  and  development budget.

INCREASING  MARKET  SHARE.  Our  entry  into the market is estimated at a modest
level  to  allow  us  to  grow  at  a  reasonable  pace.  However,  we  make  no
representations  or guarantees that we will be able to manage the growth of  our
business. Once VersaCase is introduced, we expect 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  our  technological  and
market capabilities, we 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 our production process.

LEVERAGING  STRATEGIC RELATIONSHIPS.  We  intend  to  leverage  our relationship
with  companies  that complement our mission.  For  instance,  the uniqueness of
VersaCase technology  will  create  opportunities  for  us  to establish  strong
relationships with key distributors.  These  distributors will  be able to offer
their clients a product that is very competitive and distinctive.   We have been
approached  by  distributors  to  consider  a  channel relationship or exclusive
position with them.  While  we  must  maintain  a  broader  market focus, we 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 this company.  We intend
to  maintain  this  quality  by  offering  competitive   salary   and  incentive
compensation.  Our overriding human resources philosophy is to build a corporate
culture that supports the success of each employee, as well as the company.

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.        Exhibit

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:  May 12, 2003    By:  /S/ CONRAD A.H. JELINGER:
                             _________________________
                             Conrad A.H. Jelinger

                             Chief Executive Officer,
                             Interim  Chief Financial Officer
                             and President