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 June 30, 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 June 30, 2003:
70,371,770


                             UNITREND, INC. AND SUBSIDIARY
                                       FORM 10-QSB
                              QUARTER ENDED JUNE 30, 2003

                                   Table of Contents

PART I    FINANCIAL INFORMATION                                             Page

Item 1.   Condensed Financial Statements

          Condensed Balance Sheets at June 30, 2003
          And December 31, 2002...........................................     3

          Condensed Statements of Operations for the three and six months
          ended  June 30, 2003, 2002  and for the  period from  September
          27, 1994 (date of inception) to June 30, 2003...................     4

          Condensed  Statements  of Cash  Flows for the six months  ended
          June  30,  2003,  2002  and  for  the period from September 27,
          1994 (date of inception) to June 30, 2003.......................     5

          Consolidated  Statements  of  Stockholders'  Equity for the six
          months    ended   June  30,  2003  and  for  the  years   ended
          December 31, 2002 and 2001......................................     6

          Notes to Condensed Consolidated 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.................................    11


Item 4.   Submission Of Matters To A Vote Of Security Holders.............    11

Item 5.   Other Information...............................................    11

Item 6.   Exhibit.........................................................    11

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


This quarterly report on Form 10-QSB is for the three and six months ended  June
30, 2003.  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)
                                                       June 30, 2003      December 31,2002
                                                      ----------------    ----------------
<S>                                                   <C>                 <C>
CURRENT ASSETS
  Cash                                                $           141     $            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                              (284,093)           (273,925)
                                                      ----------------    ----------------
    Net property and equipment                              1,882,966           1,893,134
                                                      ----------------    ----------------

OTHER ASSETS
  Patent licensing costs,
    net of accumulated amortization                            23,885              24,942
  Loan costs, net of accumulated amortization                       -                 545
                                                      ----------------    ----------------
    Total other assets                                         23,885              25,487
                                                      ----------------    ----------------



    TOTAL ASSETS                                      $     1,906,992     $     1,918,673
                                                      ================    ================


                       LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITES
  Accounts payable                                    $       632,378     $       624,954
  Current portion of note payable                             200,188             211,313
  Accrued expenses                                          1,398,567           1,314,288
                                                      ----------------    ----------------
    Total current liabilities                               2,231,133           2,150,555
                                                      ----------------    ----------------

NOTES PAYABLE - RELATED PARTIES                               179,217              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
                                                          (12,322,651)        (12,150,321)
                                                      ----------------    ----------------

    Total stockholders' equity                               (503,358)           (331,028)
                                                      ----------------    ----------------
    TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY                                          $     1,906,992     $     1,918,673
                                                      ================    ================

</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, 2003      June 30, 2002      June 30, 2003      June 30, 2002    to June 30, 2003
                              ----------------   ----------------   ----------------   ----------------   ----------------
<S>                           <C>                <C>                <C>                <C>                <C>
Sales                         $             -    $             -    $             -    $             -    $           603

Research and development
  expenses                                  -                  -            (24,000)                 -           (553,943)
Selling, general and
  administrative expenses             (71,234)           (38,113)          (129,668)          (101,105)       (11,442,937)
                              ----------------   ----------------   ----------------   ----------------   ----------------

Operating loss                        (71,234)           (38,113)          (153,668)          (101,105)       (11,996,277)

Interest income                             -                  -                  -                  -              1,546

Interest expense                      (12,355)            (3,897)           (18,662)           (10,767)          (303,952)
                              ----------------   ----------------   ----------------   ----------------   ----------------
Net loss before cumulative
  effect of change in
  accounting principle                (83,589)           (42,010)          (172,330)          (111,872)       (12,298,683)

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

Net loss                      $       (83,589)   $       (42,010)   $      (172,330)   $      (111,872)   $   (12,322,651)
                              ================   ================   ================   ================   ================

Basic and diluted loss
  per share:

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

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


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

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

</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, 2003       June 30, 2002     to June 30, 2003
                                                      ----------------    ----------------    ----------------
<S>                                                   <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                            $      (172,330)    $      (111,872)    $   (12,322,651)
                                                      ----------------    ----------------    ----------------

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                                11,770              14,524             323,151
    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                                            7,424              51,863             632,378
    Accrued expenses                                           84,279               2,883           1,468,509
                                                      ----------------    ----------------    ----------------
    Total adjustments                                         103,473              69,270           7,836,954
                                                      ----------------    ----------------    ----------------
  Net cash used in operating activities                       (68,857)            (42,602)         (4,485,697)
                                                      ----------------    ----------------    ----------------


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                                       80,071              50,475           2,839,165
  Proceeds from note payable                                        -                   -             290,000
  Payment on note payable                                     (11,125)             (8,055)            (89,812)
  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                                                  68,946              42,420           6,786,318
                                                      ----------------    ----------------    ----------------

    Net increase (decrease) in cash                                89                (182)                141

Cash - beginning of period                                         52                 235                   -
                                                      ----------------    ----------------    ----------------
Cash - end of period                                  $           141     $            53     $           141
                                                      ================    ================    ================
SUPPLEMENTAL DISCLOSURE OF CASH
 FLOW INFORMATION:
    Cash paid during the period
     Interest                                         $         2,875     $         7,883     $       144,690

</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 Six Months Ended June 30, 2003
               And For the Years 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                  -           -           -      (111,872)    (111,872)
                        ----------  ----------  ----------  -------------  -----------
BALANCE -
DECEMBER 31, 2002       70,371,770   3,795,598   8,023,695   (12,150,321)    (331,028)

Net loss for the
  period ended
  June 30, 2003                  -           -           -      (172,330)    (172,330)
                        ----------  ----------  ----------  -------------  -----------
BALANCE -
  JUNE 30, 2003         70,371,770  $3,795,598  $8,023,695  $(12,322,651)  $ (503,358)
                        ==========  ==========  ==========  =============  ===========

</TABLE>



                                   UNITREND, INC.
                                    FORM 10-Q SB
                           QUARTER ENDED JUNE 30, 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 and
six month periods ended June 30, 2003.  The results for the three  and six month
periods  ended  June 30, 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.   Generally  Accepted Accounting Principles do not allow
us to record this  valuation on the balance sheets,  we can only account for the
direct  costs  involved in obtaining a patent.   We  also  have  six  registered
trademarks and service marks.   As  of  June  30, 2003,  expenses  incurred have
been  primarily for administrative support,  tooling and product  development of
the enclosures, power supplies and wire management systems that will  ultimately
be sold, which has resulted in  an accumulated  deficit in the development stage
of approximately $12,323,000.

On  April 16, 1998,  the Company  formed  Osborne  Manufacturing,  Inc. (OMI) to
produce the Company's products.   In 2002,  OMI was dissolved because management
determined 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.

PRINCIPLES OF CONSOLIDATION
The  consolidated  financial statements are  on  the accrual basis of accounting
and  include  the  financial  statements  of  the  Parent  for the  period ended
March 31, 2002 (unaudited)  and 2001 (unaudited),  in entirety, and  include the
financial  statements of its  60% owned Subsidiary.  All  material  intercompany
balances and transactions are eliminated in consolidation.

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
June 30, 2003  and  December 31, 2002,  the  outstanding  balances of  the  note
payable  to  the  President/majority  stockholder  were  $179,217  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 PRONOUNCEMENT

In January 2003 the Financial  Accounting Standards Board issued  Interpretation
No. 46, "Consolidation  of Variable Interest Entities ("VIE"), an Interpretation
of Accounting Research Bulletin No. 51" ("FIN 46").  The Interpretation provides
guidance  for determining  whether an  entity is a  variable interest entity and
evaluation for consolidation  based on their variable interests.   A  VIE  is an
entity  in which the equity investors do not have a controlling interest, or the
equity  investment at risk  is insufficient to  finance the  entity's activities
without  receiving  additional  subordinated  financial  support  from the other
parties.   Generally,  FIN 46 would  require that  the  assets,  liabilities and
results  of the activity of a  VIE be consolidated into the financial statements
of  the  enterprise  that  is  determined  to  be the  primary beneficiary.  The
Interpretation  is effective immediately for VIEs created after January 31, 2003
and  in the first  interim period beginning after June 15, 2003 for VIEs created
prior to February 1, 2003.   The Company is  currently determining the impact of
FIN 46  and  expects the adoption to  have little  or no impact on the Company's
financial position or results of operation.

In  May  2003,  the  Financial  Accounting  Standards  Board issued Statement Of
Financial  Accounting  Standards  No. 150 ("SFAS 150"),  Accounting  for Certain
Financial Instruments with Characteristics of both Liabilities and Equity.  SFAS
150  establishes  standards for  how an issuer  classifies  and measures certain
financial instruments with characteristics of both liabilities and equity.  SFAS
150  applies  specifically to a  number of financial  instruments that companies
have  historically  presented within their financial statements as either equity
or  between  the liabilities  section and the  equity  section,  rather  than as
liabilities.   SFAS  150 is  effective for financial instruments entered into or
modified  after May 31, 2003, and otherwise is effective at the beginning of the
first interim period beginning after June 15, 2003.  The adoption of SFAS 150 is
not  expected  to have material  impact on our  financial position or results of
operations.


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

RESULTS OF OPERATIONS - SECOND QUARTER OF 2003 COMPARED TO SECOND QUARTER
OF 2002

The  Company  did  not  have  revenues during the quarter ended June 30, 2003 or
during  the  quarter  ended  June 30, 2002.   We expect to  begin  producing and
selling  the Cablety wire  management system in the third  quarter 2003.

We  had an  operating loss  of $71,234 during the quarter ended June 30, 2003 as
compared  to  an  operating  loss  of $38,113 during  the quarter ended June 30,
2002, an  increase of 87%.   As  discussed  below, the operating loss  increased
primarily  because  of  an  increase  in  selling,  general  and  administrative
expenses.

Selling,  general  and  administrative  expenses increased to $71,234 during the
quarter ended June 30, 2003 as compared  to $38,113 for the  quarter ended  June
30, 2002, an  increase of 87%.  This change was due primarily to an  increase in
payroll expense of approximately $44,800 during the quarter ended June 30, 2003
as  compared to  the same  time period  in 2002.   The Company did not incur any
other  significant increases during the  quarter ended June 30, 2003 as compared
to  the  quarter  ended  June 30, 2002.   Decreases  in  insurance  expense  and
telephone expense were  approximately  $3,700  and  $1,200,  respectively as the
Company  continued its  efforts to cut  costs to decrease the Company's need for
cash.

There  were no stock  options granted  to non-employees  during the three months
ended June 30, 2003 or during the three months ended June 30, 2002.

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

The Company did not have  revenues during  the six months ended June 30, 2003 or
during  the six months  ended  June 30, 2002.  We expect to begin  producing and
selling  the  Cablety wire management  system in  the third quarter 2003.

We had an  operating  loss of $153,668 during the six months ended June 30, 2003
as compared  to an  operating  loss of $101,105 during the six months ended June
30, 2002,  an increase of  52%.   As discussed  below, this change  is due to an
increase  in  selling,  general  and  administrative  expenses and  research and
development expenses.

The  Company  had  $24,000  in  research and development expenses during the six
months ended June 30, 2003 as compared to zero for the six months ended June 30,
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
third quarter of 2003.

Selling, general and administrative  expenses increased to  $129,668  during the
six months  ended June 30, 2003  as  compared to $101,105  during the six months
ended June  30, 2002, an  increase of 28%.  This change was  due primarily to an
increase in payroll expense of approximately $84,900 during the six months ended
June 30, 2003 as compared to the same time period in 2002.   The Company did not
incur any other significant increases during the  six months ended June 30, 2003
as  compared  to the  six months  ended June 30, 2002.  Significant decreases in
professional fees, insurance  expense, and telephone expense  were approximately
$14,400, $6,100 and $2,500, respectively as the Company continued its efforts to
cut costs to decrease the Company's need for cash.

There were no stock options granted to non-employees during the six months ended
June 30, 2003 or during the six months ended June 30, 2002.

Accrued  payroll  and  related taxes increased to $1,067,738 at June 30, 2003 as
compared to $982,808 at years end  December 31, 2002 respectively.   The Company
notified  its employees  on January 1, 2001 that due to its financial condition,
payroll  would cease for an undetermined  amount of time.   In 2002, the Company
decided  that  payroll would resume.   Our  interest  expense for the six months
ended June 30, 2003 was $18,662 as compared to $10,767 from the same time period
last year.

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 June 30, 2003, the
Company's  cash  totaled  $141.  Loans  from  Mr. Jelinger during the six months
ended June 30, 2003 totaled $80,071.  Accounts payable increased to $632,378 for
the  six months  ended June 30, 2003  compared to $624,954 at years end December
31, 2002.

For  the six months  ended June 30, 2003, primary uses of cash for the Company's
operations and working capital requirements totaled $68,857.

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.  While funds advanced and
raised from the founder 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.        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 13, 2002 By:  /S/ CONRAD A.H. JELINGER:
                             _________________________
                             Conrad A.H. Jelinger

                             Chief Executive Officer,
                             Interim  Chief Financial Officer
                             and President