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, 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 March 31, 2004:
70,390,770


                             UNITREND, INC. AND SUBSIDIARY
                                       FORM 10-QSB
                              QUARTER ENDED MARCH 31, 2004

                                   Table of Contents

PART I    FINANCIAL INFORMATION                                             Page

Item 1.   Condensed Financial Statements

          Condensed Balance Sheets at March 31, 2004 And December 31, 2003..   4

          Condensed  Statements  of  Operations  for  the three  months
          ended March 31, 2004,  2003 and for the period from September
          27, 1994 (date of inception) to March 31, 2004....................   5

          Condensed Statements of Cash Flows for the three months ended
          March 31,  2004,  2003 and  for the period from September 27,
          1994 (date of inception) to March 31, 2004........................   6

          Statements of Stockholders' Equity for the three months ended
          March 31, 2004 and for the years ended December 31, 2003, 2002
          and 2001..........................................................   7

          Notes to Condensed Financial Statements.........................   8-9

Item 2.   Management's Discussion and Analysis of Financial Condition
          and Results of Operations.......................................  9-11

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.............    12

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

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

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


This quarterly report on Form 10-QSB is for the three months ended March 31,2004
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, 2004     December 31,2003
                                                      ----------------    ----------------
<S>                                                   <C>                 <C>
CURRENT ASSETS
  Cash                                                $         2,197     $         3,178
  Inventory - Finished goods                                   10,638              10,651
                                                      ----------------    ----------------
    Total current assets                                       12,835              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                              (298,952)           (294,261)
                                                      ----------------    ----------------
    Net property and equipment                              1,934,665           1,910,756
                                                      ----------------    ----------------

OTHER ASSETS
  Patent licensing costs,
    net of accumulated amortization                            22,298              22,827
                                                      ----------------    ----------------

    TOTAL ASSETS                                      $     1,969,798     $     1,947,412
                                                      ================    ================


                       LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITES
  Accounts payable                                    $       688,786     $       623,626
  Current portion of note payable                             180,497             185,330
  Accrued expenses                                          1,128,771           1,172,433
                                                      ----------------    ----------------
    Total current liabilities                               1,998,054           1,981,390
                                                      ----------------    ----------------

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


STOCKHOLDERS' EQUITY
  Common stock, no par value                                3,805,098           3,795,598
  Additional paid-in capital                                8,738,514           8,601,683
  Deficit accumulated in the development stage
                                                          (12,571,869)        (12,431,259)
                                                      ----------------    ----------------

    Total stockholders' equity                                (28,256)            (33,978)
                                                      ----------------    ----------------
    TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY                                          $     1,969,798     $     1,947,412
                                                      ================    ================

</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, 2004      March 31, 2003    to March 31, 2004
                                                      ----------------    ----------------    ----------------
<S>                                                   <C>                 <C>                 <C>
Sales                                                 $            32     $             -     $           719

Cost of Sales                                                    (156)                  -              (1,167)
                                                      ----------------    ----------------    ----------------
Gross Loss                                                       (124)                  -                (448)

Research and development expenses                                   -             (24,000)           (566,515)

Selling, general and administrative expenses                 (136,707)            (58,434)        (11,668,617)
                                                      ----------------    ----------------    ----------------

Operating loss                                               (136,831)            (82,434)        (12,235,580)

Interest income                                                     -                   -               1,546

Interest expense                                               (3,779)             (6,307)           (313,867)
                                                      ----------------    ----------------    ----------------
Net loss before cumulative effect of change
  in accounting principle                                    (140,610)            (88,741)        (12,547,901)

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

Net loss                                              $      (140,610)    $       (88,741)    $   (12,571,869)
                                                      ================    ================    ================


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                70,390,770          70,371,770          68,080,703
                                                      ================    ================    ================

</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, 2004     March 31, 2003     to March 31, 2004
                                                      ----------------    ----------------    ----------------
<S>                                                   <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                            $      (140,610)    $       (88,741)    $   (12,571,869)
                                                      ----------------    ----------------    ----------------

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                                 5,220               5,885             339,597
    Loss on disposal of property
     and equipment                                                  -                   -              12,893
    Bad debt                                                        -                   -              42,157
    Accrued interest income                                         -                   -              (3,091)
    Common stock issued for services                                -                   -              10,000
  Increase in operating assets:
    Inventory                                                      13                   -             (10,638)

  Increase (decrease) in operating liabilities:
    Accounts payable                                           65,160               4,151             688,786
    Accrued expenses                                          (43,662)             38,908           1,344,461
                                                      ----------------    ----------------    ----------------
    Total adjustments                                          26,731              48,944           7,775,122
                                                      ----------------    ----------------    ----------------
  Net cash used in operating activities                      (113,879)            (39,797)         (4,796,747)
                                                      ----------------    ----------------    ----------------


CASH FLOWS FROM INVESTING ACTIVITIES
  Payment for patent licensing costs                                -                   -             (31,723)
  Purchase of property and equipment                          (28,600)                  -          (2,277,022)
  Proceeds from sale of property and
   equipment                                                        -                   -              10,941
  Loans to related parties                                          -                   -             (18,191)
  Loans to other entities                                           -                   -             (23,916)
  Repayment from employee                                           -                   -               3,041
  Payment of organizational cost                                    -                   -             (30,168)
                                                      ----------------    ----------------    ----------------
  Net cash provided by (used in )
   investing activities                                       (28,600)                  -          (2,367,038)
                                                      ----------------    ----------------    ----------------
CASH FLOWS FROM FINANCING ACTIVITIES
  Payment of loan costs                                             -                   -              (5,448)
  Loans from stockholder                                      136,832              41,720           3,229,021
  Proceeds from note payable                                        -                   -             290,000
  Payment on note payable                                      (4,833)             (1,903)           (109,503)
  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                                                 141,499              39,817           7,165,983
                                                      ----------------    ----------------    ----------------

    Net increase (decrease) in cash                              (981)                 20               2,197

Cash - beginning of period                                      3,178                  52                   -
                                                      ----------------    ----------------    ----------------
Cash - end of period                                  $         2,197     $            72     $         2,197
                                                      ================    ================    ================
SUPPLEMENTAL DISCLOSURE OF CASH
 FLOW INFORMATION:
    Cash paid during the period
     Interest                                         $         3,779     $         2,097     $       170,392

</TABLE>

SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING ACTIVITIES:

The President/Majority Stockholder forgave debt of $136,832 during the
period ended March 31, 2004.

                                 UNITREND, INC.
                          (A Development Stage Company)

                   STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)
                    For the Three Months Ended March 31, 2004
              And For the Year Ended December 31, 2003, 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)

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 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

Net loss for the
  period ended March
  31, 2004                       -           -           -      (140,610)    (140,610)
                        ----------  ----------  ----------  -------------  -----------
BALANCE -
MARCH 31, 2004          70,390,770  $3,805,098  $8,738,514  $(12,571,869)  $  (28,257)

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



                                   UNITREND, INC.
                                    FORM 10-Q SB
                           QUARTER ENDED MARCH 31, 2004
                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, 2004.  The results for the three month period ended March
31, 2004  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 March 31, 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 $12,572,000.

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.

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 our new e-commerce site.   We  had  no
significant sales,  but  anticipate  sales  to  increase  as we move forward and
concentrate on our marketing effort of our products.   We  hope  to finalize any
design changes  to the VersaCase and  Stable power supply in mid 2004 and intend
to produce these two products later in 2004.

On March 1, 2004,  Unitrend  entered into a contract with Titan Technologies, an
established national sales  and marketing group, to market and sell the Cablety,
VersaCase,  Stable power supply  and any  future products developed by Unitrend.
The first product for  sale is  the Cablety and it will soon be marketed through
various  channels  including, but not limited to, value added re-sellers (VARs),
original equipment manufacturers (OEMs) and Internet sales.   We will modify our
distribution  plans  as  demanded  by  the markets we serve in order to maximize
efficiency  throughout  all  channels  of  distribution.   In March 2004,  R & R
Plastics  began  building a high volume production tool for the Cablety with new
industrial/military "Safety Wire" capabilities molded into it.   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.   The Company  presented  to  representatives  that
comprise  approximately  90% of  the  computer  industry's  manufacturers and/or
distributors.   A positive result of this show is the marketing agreement signed
with  TigerDirect.com,  an  online  retailer  that  carries  the world's largest
selection  of  computer components.   We are  currently awaiting word of similar
agreements with other entities.

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
In the past,  there  were  unsecured  notes  payable  to the  President/majority
stockholder,  including interest at prime on the first business day of the year,
payable in ten equal  installments after the Company is profitable for one year.
As of March 31, 2004  and December 31, 2003, the outstanding balance of the note
payable to the President/majority stockholder was zero.   On March 31, 2004, our
President/majority stockholder forgave loans to the  Company  of  $136,832.   He
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,  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

None

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

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

We had no significant revenues in the first three months of 2004 or in the first
three months of 2003.  In  the fourth quarter 2003, we began to produce and sell
the Cablety wire management system.   Revenues  were  modest  during  the  first
quarter  of  2004  because  the Company had not completed the development of its
marketing program.   This program will include, but not be limited to, trade and
consumer advertising, public relations and trade shows.  We anticipate not being
classified as a development stage enterprise sometime during 2004.

We  had  an  operating  loss of $136,831 during the three months ended March 31,
2004 as  compared to an operating  loss of $82,434 during the three months ended
March 31, 2003,  an  increase of 66%.   As  discussed below, this operating loss
increased primarily because of selling, general and administrative expenses.

The  Company  had  zero  in  research  and development expenses during the three
months ended March 31, 2004  as  compared  to $24,000 for the three months ended
March 31, 2003.  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  continue to  produce  the  Cablety,  our
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 three
months of 2004 and nothing spent on tooling and  dies  during  the  first  three
months of 2003, we anticipate this to continue to increase as we move forward.

Selling,  general  and  administrative expenses increased to $136,707 during the
three months ended March 31, 2004 as compared to $58,434 during the three months
ended March 31, 2003, an increase of 134%.  The increase in selling, general and
administrative  expenses  was  due  primarily to increases in professional fees,
trade show expense and stock  registration  expense  of  approximately  $23,300,
$15,900 and $11,100 during  the three months ended March 31, 2004 as compared to
the three  months  ended  March  31,  2003.   Our  professional  fees  increased
significantly  during the first three months of 2004 compared to the first three
months of 2003 because of an increase in use of our outside attorneys for patent
related matters, reviewing  contracts  and  general  legal  work.   The  Company
experienced  the  increase  in trade show expense because of the fees associated
with  the  2004  RetailVision  trade show as compared to a trade show expense of
zero in the same  time  period  last  year.   For  2004,  the  State  of  Nevada
significantly  increased  yearly stock registration fees, which greatly impacted
our stock registration expense for the first three months of 2004 as compared to
the first three months of 2003.  There were no significant  decreases  in  other
selling, general and administrative expenses during the three months ended March
31, 2004 as compared to the three months ended March 31, 2003.

There  were no stock options granted to non-employees  during the  three  months
ended March 31, 2004 or during the  three months ended March 31, 2003.

Accounts payable increased to $688,786 for the three months ended March 31, 2004
compared  to  $623,626  at  years end December 31, 2003.   Accrued  payroll  and
related taxes increased to $775,636 at March 31, 2004 as compared to $749,310 as
years end December 31, 2003, 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 and employees  could  remain,  if  they
should choose to, on a voluntary  basis.   In 2002,  the  Company  decided  that
payroll  expense  would  resume and has accrued wages since then.   Our interest
expense for the three months ended March 31, 2004  was  $3,779  as  compared  to
$6,307 from the same time period last year.   This  expense decreased due to Mr.
Jelinger forgiving loans made to the Company.

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, 2004, the
Company's cash totaled $2,197.  Loans from Mr. Jelinger during the three  months
ended March 31, 2004 totaled $136,832.   He  forgave  these  loans  on March 31,
2004.   The President/majority  stockholder  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,  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, 2004 included $113,879
for  the Company's operations and working capital requirements.   For  the three
months ended March 31, 2004,  primary uses of cash for the  Company's  investing
requirements totaled $28,600  due to the launch of a high volume tool to be used
in the production of the Cablety wire management system.

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  technological
leadership;   increasing  market  share;  acquiring  other  business   entities;
leveraging  strategic  relationships;  and  the recruiting  and retaining of key
personnel.

MAINTAINING TECHNOLOGICAL 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.   The Cablety was introduced to the market in the  fourth  quarter  of
2003 and we experienced modest sales.   We  anticipate  sales to grow as we move
forward into 2004.   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
Cablety,  Stable  and  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:  May 14, 2004    By:  /S/ CONRAD A.H. JELINGER:
                             _________________________
                             Conrad A.H. Jelinger

                             Chief Executive Officer,
                             Interim  Chief Financial Officer
                             and President