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 September 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 September 30, 2004:  70,390,770


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

                                Table of Contents

PART I    FINANCIAL INFORMATION                                            Page

Item 1.   Condensed Financial Statements

          Condensed  Balance Sheets at September 30, 2004 and December 31,
          2003............................................................    3

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

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

          Statements  of  Stockholders' Equity  for the nine months  ended
          September  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..........................................  8-12

PART II   OTHER INFORMATION

Item 1.   Legal Proceedings...............................................   12

Item 2.   Changes In Securities And Use Of Proceeds.......................   12

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  nine months ended
September 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)
                                                     September 30, 2004         2003
                                                      ----------------    ----------------
<S>                                                   <C>                 <C>
CURRENT ASSETS
  Cash                                                $         1,597     $         3,178
  Accounts receivable                                             520                   -
  Inventory - Finished goods                                    5,957              10,651
                                                      ----------------    ----------------
    Total current assets                                        8,074              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                              (307,805)           (294,261)
                                                      ----------------    ----------------
    Net property and equipment                              1,925,812           1,910,756
                                                      ----------------    ----------------

OTHER ASSETS
  Patent licensing costs,
    net of accumulated amortization                            21,241              22,827
                                                      ----------------    ----------------

    TOTAL ASSETS                                      $     1,955,126     $     1,947,412
                                                      ================    ================


                       LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITES
  Accounts payable                                    $       742,377     $       623,626
  Current portion of note payable                             171,046             185,330
  Accrued expenses                                          1,032,566           1,172,433
                                                      ----------------    ----------------
    Total current liabilities                               1,945,989           1,981,390
                                                      ----------------    ----------------

NOTES PAYABLE - RELATED PARTIES                                14,531                   -
                                                      ----------------    ----------------


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            (12,786,084)        (12,431,259)
                                                      ----------------    ----------------

    Total stockholders' equity                                 (5,394)            (33,978)
                                                      ----------------    ----------------
    TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY                                          $     1,955,126     $     1,947,412
                                                      ================    ================

</TABLE>


                                 UNITREND, INC.
                          (A Development Stage Company)
                             STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>                                                                                                   (unaudited)
                                (unaudited)        (unaudited)         (unaudited)        (unaudited)    September  27, 1994
                            Three Months Ended Three Months Ended  Nine Months Ended  Nine Months Ended  (Date of Inception)
                                Sept 30, 2004     Sept 30, 2003      Sept 30, 2004      Sept 30, 2003     to Sept 30, 2004
                              ----------------   ----------------   ----------------   ----------------   ----------------
<S>                           <C>                <C>                <C>                <C>                <C>
Sales                         $         5,036    $             -    $         5,786    $             -    $         6,472

Cost of Sales                          (4,439)                 -             (6,643)                 -             (7,653)
                              ----------------   ----------------   ----------------   ----------------   ----------------

Gross Income/Loss                         597                  -               (857)                 -             (1,181)

Research and development
  expenses                                  -            (12,258)                 -            (36,258)          (566,515)

Selling, general and
  administrative expenses             (96,188)           (83,540)          (342,995)          (213,208)       (11,874,905)
                              ----------------   ----------------   ----------------   ----------------   ----------------

Operating loss                        (95,591)           (95,798)          (343,852)          (249,466)       (12,442,601)

Interest income                             -                  -                  -                  -              1,546

Interest expense                       (3,774)           (10,278)           (10,973)           (28,940)          (321,061)
                              ----------------   ----------------   ----------------   ----------------   ----------------
Net loss before cumulative
  effect of change in
  accounting principle                (99,365)          (106,076)          (354,825)          (278,406)       (12,762,116)

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

Net loss                      $       (99,365)   $      (106,076)   $      (354,825)   $      (278,406)   $   (12,786,084)
                              ================   ================   ================   ================   ================

Basic and diluted loss
  per share:

Before cumulative effect
  of change in accounting
  principle                   $         (0.00)   $         (0.00)   $         (0.01)   $         (0.00)   $         (0.19)

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


 Net loss                     $         (0.00)   $         (0.00)   $         (0.01)   $         (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         68,216,984
                              ================   ================   ================   ================   ================

</TABLE>

                                  UNITREND, INC.
                           (A Development Stage Company)

                              STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                                (unaudited)
                                                        (unaudited)         (unaudited)      September 27, 1994
                                                      Nine Months Ended   Nine Months Ended  (Date Of Inception)
                                                        Sept 30, 2004       Sept 30, 2003     to Sept 30, 2004
                                                      ----------------    ----------------    ----------------
<S>                                                   <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                            $      (354,825)    $      (278,406)    $   (12,786,084)
                                                      ----------------    ----------------    ----------------

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                                15,131              17,383             349,508
    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 (decrease) in operating assets:
    Accounts receivable                                          (520)                  -                (520)
    Inventory                                                   4,694                   -              (5,957)
    Prepaid expenses                                                -                   -                   -
  Increase (decrease) in operating liabilities:
    Accounts payable                                          118,751              21,306             742,377
    Accrued expenses                                         (139,867)             94,440           1,248,256
                                                      ----------------    ----------------    ----------------
    Total adjustments                                          (1,811)            133,129           7,746,580
                                                      ----------------    ----------------    ----------------
  Net cash used in operating activities                      (356,636)           (145,277)         (5,039,504)
                                                      ----------------    ----------------    ----------------


CASH FLOWS FROM INVESTING ACTIVITIES
  Payment for patent licensing costs                                -                   -             (31,723)
  Purchase of property and equipment                          (28,600)            (31,556)         (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)            (31,556)         (2,367,038)
                                                      ----------------    ----------------    ----------------
CASH FLOWS FROM FINANCING ACTIVITIES
  Payment of loan costs                                             -                   -              (5,448)
  Loans from stockholder                                      388,439             198,577           3,480,628
  Proceeds from note payable                                        -                   -             290,000
  Payment on note payable                                     (14,284)            (21,150)           (118,954)
  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                                                 383,655             177,427           7,408,139
                                                      ----------------    ----------------    ----------------

    Net increase (decrease) in cash                            (1,581)                594               1,597

Cash - beginning of period                                      3,178                  52                   -
                                                      ----------------    ----------------    ----------------
Cash - end of period                                  $         1,597     $           646     $         1,597
                                                      ================    ================    ================
SUPPLEMENTAL DISCLOSURE OF CASH
 FLOW INFORMATION:
    Cash paid during the period
     Interest                                         $         6,069     $        16,975     $       172,682

</TABLE>

SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING ACTIVITIES:

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


                                 UNITREND, INC.
                          (A Development Stage Company)

                    STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)
                    For the Nine Months Ended September 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
  September 30, 2004            -           -           -       (354,825)    (354,825)
                        ----------  ----------  ----------  -------------  -----------

BALANCE -
  SEPTEMBER 30, 2004    70,390,770  $3,805,098  $8,975,592  $(12,786,084)  $   (5,394)
                        ==========  ==========  ==========  =============  ===========

</TABLE>



                                 UNITREND, INC.
                                  FORM 10-QSB
                         QUARTER ENDED SEPTEMBER 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 nine month periods  ended September 30, 2004.   The  results  for  the
three  and  nine  month  periods  ended  September 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 September
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 $12,786,000.

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  late
2004 and intends to produce these two products in the first half of 2005.

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.   In the third quarter 2004, Unitrend
exhibited  at  the  Zones  Accessories  Training  Fair and at the Gartner System
Builders Summit.

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
There  were unsecured notes payable to the President/majority stockholder, which
accrue 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 September
30, 2004 and December 31, 2003, the outstanding balances of the notes payable to
the President/majority stockholder were $14,531 and zero, respectively.  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 PRONOUNCEMENT

None

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

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

Unitrend had no significant revenues in the quarter ended  September 30, 2004 or
in the quarter ended September 30, 2003. In the fourth  quarter  2003,  Unitrend
began  to  produce and sell the Cablety wire management system.   Revenues  were
modest  during  the  third  quarter  of  2004 because Unitrend had just begun to
implement 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 late 2004.

Unitrend had an operating loss of $95,591 during the quarter ended September 30,
2004  as  compared  to an  operating  loss of  $95,798 during  the quarter ended
September 30, 2003, a decrease of 0.22%.  This loss was consistent with the same
time period during the previous year.

Unitrend  had zero  in research and development expenses during the three months
ended  September 30, 2004 as  compared  to  $12,258  for  the three months ended
September 30, 2003.   Unitrend  believes  that research and development expenses
will increase  as  Unitrend goes forward due to a contract entered into with 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 zero spent on tooling in the three months ended September 30, 2004  as
compared  to  $31,556 spent in the three months ended  September 30, 2003.   The
difference is due to the 2003 launch of the initial tool used for the production
of the Cablety wire management system.   Unitrend anticipates that there will be
an increase in tooling costs as Unitrend moves forward with the production phase
of Unitrend's products.

Selling,  general  and  administrative  expenses increased to $96,188 during the
quarter ended September 30, 2004 as compared to $83,540  for the  quarter  ended
September 30, 2003, an increase of  15%.   This  change  was  due  primarily  to
increases in trade show expense and marketing expense  of approximately  $11,500
and $7,500  incurred  during the quarter ended September 30, 2004 as compared to
the  quarter  ended  September 30, 2003.   Unitrend  did  not  incur  any  other
significant increases during the quarter ended September 30, 2004 as compared to
the  quarter  ended  September  30, 2003.   Unitrend  experienced  decreases  in
professional  fees,  auto expense  and repair  and maintenance expense that were
approximately  $5,800,  $1,000  and $820, respectively as Unitrend continued its
efforts to cut costs to decrease Unitrend's need for cash.

During  the quarters ended  September 30, 2004 and September 30, 2003 there were
no stock options granted under our 1999 Stock Option Plan.

RESULTS OF OPERATIONS FIRST NINE MONTHS OF 2004 COMPARED TO FIRST NINE MONTHS OF
2003

Unitrend  had no significant revenues during the nine months ended September 30,
2004 or during the nine months ended September 30, 2003.  In  the fourth quarter
2003,  Unitrend  began  to produce and  sell the Cablety wire management system.
Revenues  were  modest during the first nine months of 2004 because Unitrend had
just  begun  to implement Unitrend's recently completed marketing program at the
end of this nine month time period.   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 late 2004.

Unitrend  had  an  operating  loss  of  $343,852  during  the  nine months ended
September 30,  2004 as compared to an operating loss of $249,466 during the nine
months ended September 30, 2003,  an increase of 38%.   As discussed below, this
operating loss increased due to increases in selling, general and administrative
expenses during the nine months ended September 30, 2004.

Unitrend had zero in research and development expenses  during  the nine  months
ended  September  30, 2004 as  compared  to  $36,258  for the  nine months ended
September 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 nine months of 2004 and $31,556 spent
on  tooling and dies during the first nine months of 2003, Unitrend's management
anticipates this to continue to increase as Unitrend moves forward.

Selling, general  and administrative  expenses  increased to $342,995 during the
nine  months  ended  September  30, 2004 as compared to $213,208 during the nine
months ended  September 30, 2003, an  increase  of 61%.   This  change  was  due
primarily to increases in trade  show  expense,  professional  fees,  litigation
expense,  marketing  expense  and  stock  registration  expense of approximately
$27,400, $23,700, $19,500, $15,000 and $11,100  during  the  nine  months  ended
September  30, 2004  as compared to the same time period in 2003.   Professional
fees and litigation expense increased during the nine months ended September 30,
2004 compared to the nine months ended September 30, 2003 because of an increase
in the 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, the Zones Accessories Training Fair and the Gartner System Builders Summit
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
nine  months  of  2004 as compared to the first nine 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 nine months ended September 30,
2004 as compared to the nine months ended September 30, 2003.

There  were no stock  options granted  to non-employees  during the  nine months
ended  September 30, 2004 or  during the  nine months  ended September 30,  2003
under our 1999 Stock Option Plan.

Accounts  payable  increased to $742,377 for the nine months ended September 30,
2004 compared  to $623,626 at years end December 31, 2003.   Accrued payroll and
related  taxes  increased  to $858,092  at  September  30, 2004  as  compared to
$749,310 at 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  nine months ended September 30, 2004 was
$10,973  as  compared  to  $28,940  from the same time  period last year.   This
expense  decreased  due  to  Mr. Jelinger  forgiving  loans made to Unitrend and
agreeing  to  not incur  interest on current or future loans that he may make 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 September 30, 2004,
Unitrend's cash totaled $1,597 and accounts receivable totaled $520.  Loans from
Mr. Jelinger  during  the nine months ended September 30, 2004 totaled $388,439.
Mr. Jelinger  forgave  $237,077 of these  loans on June 30, 2004 and $136,832 of
these loans 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 nine  months  ended  September  30, 2004,  primary  uses  of  cash  for
Unitrend's operations and working capital requirements totaled $356,636. Primary
uses  of  cash for  Unitrend's  investing requirements for the nine months ended
September 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: November 11, 2004 By:  /S/ CONRAD A.H. JELINGER
                             _________________________
                             Conrad A.H. Jelinger

                             Chief Executive Officer,
                             Interim Chief Financial Officer
                             and President