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, 2002

                                       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, 2002:  70,371,770


                           UNITREND, INC. AND SUBSIDIARY
                                     FORM 10-QSB
                          QUARTER ENDED SEPTEMBER 30, 2002

                                Table of Contents

PART I    FINANCIAL INFORMATION                                             Page

Item 1.   Condensed Consolidated Financial Statements

          Condensed Consolidated Balance Sheets at September 30, 2002
          And December 31, 2001...........................................     3

          Condensed Consolidated  Statements of Operations  for the  three
          and nine months ended September 30, 2002,2001 and for the period
          from September 27, 1994(date of inception)to September 30, 2002.     4

          Condensed  Consolidated  Statements  of Cash  Flows for the nine
          months  ended September 30,  2002, 2001 and  for the period from
          September 27, 1994(date of inception)to September 30, 2002......     5

          Consolidated  Statements  of  Stockholders' Equity  for the nine
          months  ended   September  30,  2002  and  for  the  year  ended
          December 31, 2001...............................................     6

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

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

PART II   OTHER INFORMATION

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

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

Item 3.   Defaults Upon Senior Securities.................................    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 nine  months ended
September 30, 2002.   This  quarterly report modifies  and supersedes documents
filed prior to this quarterly report.   The  Securities and Exchange Commission
(SEC) allows  us to "incorporate by reference" information that  we  file  with
them, which  means  that  we  can  disclose  important information  to  you  by
referring  you  directly  to  those   documents.  Information  incorporated  by
reference is  considered  to  be  part  of  this quarterly report. In addition,
information  that we  file with the SEC in the future will automatically update
and supersede information contained in this quarterly report. In this quarterly
report,  "Unitrend," "we,"  "us"  and  "our" refer  to  Unitrend, Inc.  and its
subsidiary.


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 Consolidated Financial Statements



                         UNITREND, INC. AND SUBSIDIARY
                         (Development Stage Companies)
                          CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
                                     ASSETS
                                                        (unaudited)         (unaudited)
                                                     September 30, 2002   December 31,2001
                                                      ----------------    ----------------
<S>                                                   <C>                 <C>
CURRENT ASSETS
  Cash                                                $            33     $           235
                                                      ----------------    ----------------

PROPERTY AND EQUIPMENT, at cost
  Land                                                         67,485              67,485
  Building and improvements                                   376,716             376,716
  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
                                                      ----------------    ----------------
                                                            2,192,607           2,192,607
  Less accumulated depreciation                              (286,231)           (267,016)
                                                      ----------------    ----------------
    Net property and equipment                              1,932,698           1,925,591
                                                      ----------------    ----------------

OTHER ASSETS
  Patent licensing costs,
    net of accumulated amortization                            25,471              27,058
  Loan costs, net of accumulated amortization                     817               1,634
                                                      ----------------    ----------------
    Total other assets                                         26,289              28,692
                                                      ----------------    ----------------



    TOTAL ASSETS                                      $     1,932,698     $     1,954,518
                                                      ================    ================


                       LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITES
  Accounts payable                                    $       583,717     $       502,970
  Current portion of note payable                             214,243             225,520
  Accrued expenses                                            500,348             492,911
                                                      ----------------    ----------------
    Total current liabilities                               1,298,308           1,221,401
                                                      ----------------    ----------------

NOTES PAYABLE - RELATED PARTIES                                84,745             251,303
                                                      ----------------    ----------------


STOCKHOLDERS' EQUITY
  Common stock, no par value                                3,795,598           3,557,503
  Additional paid-in capital                                8,023,695           8,023,695
  Deficit accumulated in the development stage
                                                          (11,269,649)        (11,099,384)
                                                      ----------------    ----------------

    Total stockholders' equity                                549,644             481,814
                                                      ----------------    ----------------
    TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY                                          $     1,932,698     $     1,954,518
                                                      ================    ================

</TABLE>


                          UNITREND, INC. AND SUBSIDIARY
                          (Development Stage Companies)
                CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
<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, 2002     Sept 30, 2001      Sept 30, 2002      Sept 30, 2001     to Sept 30, 2002
                              ----------------   ----------------   ----------------   ----------------   ----------------
<S>                           <C>                <C>                <C>                <C>                <C>
Sales                         $             -    $             -    $             -    $             -    $           603

Research and development
  expenses                                  -                  -                  -                  -           (529,943)
Selling, general and
  administrative expenses             (50,800)           (44,221)          (151,905)          (310,740)       (10,466,419)
                              ----------------   ----------------   ----------------   ----------------   ----------------

Operating loss                        (50,800)           (44,221)          (151,905)          (310,740)       (10,995,759)

Interest income                             -                  -                  -                  -              1,546

Interest expense                       (7,593)           (10,223)           (18,360)           (27,865)          (251,468)
                              ----------------   ----------------   ----------------   ----------------   ----------------
Net loss before cumulative
  effect of change in
  accounting principle                (58,393)           (54,444)          (170,265)          (338,605)       (11,245,681)

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

Net loss                      $       (58,393)   $       (54,444)   $      (170,265)   $      (338,605)   $   (11,269,649)
                              ================   ================   ================   ================   ================

Basic and diluted loss
  per share:

Before cumulative effect
  of change in accounting
  principle                   $         (0.00)   $         (0.00)   $         (0.00)   $         (0.00)   $         (0.17)

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


 Net loss                     $         (0.00)   $         (0.00)   $         (0.00)   $         (0.00)   $         (0.17)
                              ================   ================   ================   ================   ================

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

</TABLE>

                           UNITREND, INC. AND SUBSIDIARY
                           (Development Stage Companies)

                       CONSOLIDATED STATEMENT OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                                (unaudited)
                                                        (unaudited)         (unaudited)      September 27, 1994
                                                      Nine Months Ended   Nine Months Ended   (Date Of Inception)
                                                        Sept 30, 2002       Sept 30, 2001     to Sept 30, 2002
                                                      ----------------    ----------------    ----------------
<S>                                                   <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                            $      (170,265)    $      (338,605)    $   (11,269,649)
                                                      ----------------    ----------------    ----------------

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                                21,618              27,627             305,495
    Loss on disposal of property
     and equipment                                                  -               6,908               4,735
    Bad debt                                                        -                   -              42,157
    Accrued interest income                                         -                   -              (3,091)
    Common stock issued for services                                -                   -              10,000
  Increase in operating liabilities:
    Accounts payable                                           80,747             126,656             583,717
    Accrued expenses                                            7,437              30,265             570,289
                                                      ----------------    ----------------    ----------------
    Total adjustments                                         109,802             191,456           6,864,259
                                                      ----------------    ----------------    ----------------
  Net cash used in operating activities                       (60,463)           (147,149)         (4,405,390)
                                                      ----------------    ----------------    ----------------


CASH FLOWS FROM INVESTING ACTIVITIES
  Payment for patent licensing costs                                -                   -             (31,723)
  Purchase of property and equipment                                -                (330)         (2,210,464)
  Proceeds from sale of property and
   equipment                                                        -              10,941              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                                             -              10,611          (2,300,480)
                                                      ----------------    ----------------    ----------------
CASH FLOWS FROM FINANCING ACTIVITIES
  Payment of loan costs                                             -                   -              (5,448)
  Loans from stockholder                                       71,538              92,891           2,744,695
  Proceeds from note payable                                        -                   -             290,000
  Payment on note payable                                     (11,277)                  -             (75,757)
  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                                                  60,261              92,891           6,705,903
                                                      ----------------    ----------------    ----------------

    Net increase (decrease) in cash                              (202)            (43,647)                 33

Cash - beginning of period                                        235              43,739                   -
                                                      ----------------    ----------------    ----------------
Cash - end of period                                  $            33     $            92     $            33
                                                      ================    ================    ================
SUPPLEMENTAL DISCLOSURE OF CASH
 FLOW INFORMATION:
    Cash paid during the period
     Interest                                         $        10,922     $             -     $       138,745

</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. AND SUBSIDIARY
                          (Development Stage Companies)

             CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)
                    For the Nine Months Ended September 30, 2002
                     And For the Year Ended December 31, 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 for the
  period ended
  September 30, 2002             -           -           -      (170,265)    (170,265)
                        ----------  ----------  ----------  -------------  -----------
BALANCE -
SEPTEMBER 30, 2002      70,371,770  $3,795,598  $8,023,695  $(11,269,649)  $  549,644

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

</TABLE>



                           UNITREND, INC. AND SUBSIDIARY
                                    FORM 10-Q SB
                         QUARTER ENDED SEPTEMBER 30, 2002
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited)

BASIS OF PRESENTATION
The  condensed  consolidated  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  consolidated  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 nine month periods ended September 30, 2002. The results for the three
and nine month periods ended  September 30, 2002 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 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  primarily
concentrated  on  the  development  and  patenting  of the enclosure and related
components.   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.  As of September 30, 2002, expenses incurred
have been primarily for administrative support,  tooling and product development
of  the patented  enclosures that will ultimately be sold, which has resulted in
an accumulated deficit in the development stage of $11,270,000.

On  April  16,  1998,   the  Company  formed   another  entity  called   Osborne
Manufacturing, Inc. (OMI).   The Company owns sixty percent of OMI and a current
employee of OMI owns the remaining forty percent. OMI was created to produce the
Company's products.   Management  believes  that  we  can save time and money by
dissolving  its  subsidiary  and  ceasing operations at its production facility,
this decision was made effective on September 30, 2002.   On September 20, 2002,
Unitrend  entered  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 requires 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
September 30, 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, which
accrue 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
September 30, 2002 and  December 31, 2001, the outstanding balances of the notes
payable  to  the  President/majority  stockholder  were  $84,745  and  $251,303,
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 an addition to contributed capital.

CONTINGENCIES
The Company is a defendant in one lawsuit by a stockholder.  Management believes
that  it  will  ultimately  prevail  in  this  legal action and accordingly,  no
provision  for  the  amount  of  any award has been recorded in the accompanying
financial statements.

NEW ACCOUNTING PRONOUNCEMENT

The FASB has  issued FASB  Statement No. 147,  Acquisitions of Certain Financial
Institutions  which will not have any  effect on the financial statements of the
Company.

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

RESULTS OF OPERATIONS - THIRD QUARTER OF 2002 COMPARED TO THIRD QUARTER OF 2001

The Company did not have revenues during the quarter ended September 30, 2002 or
during the quarter ended September 30, 2001.  We  expect  to  begin  selling the
VersaCase in mid 2003.

We had an operating loss of $50,800 during the quarter ended  September 30, 2002
as  compared  to  an  operating  loss  of  $44,221   during  the  quarter  ended
September 30, 2001, an increase of 15%.   As discussed below, the operating loss
grew due to an increase in selling, general and administrative expenses.

Selling, general  and  administrative  expenses  increased to $50,800 during the
quarter  ended  September 30, 2002  as compared to $44,221 for the quarter ended
September 30, 2001, an increase of 15%.   This  change  was  due primarily to an
increase  in  consulting  expense of  approximately $25,000 incurred  during the
quarter  ended   September 30,  2002  as   compared   to   the   quarter   ended
September 30, 2001. The Company experienced decreases in rent expense, telephone
expense  and  utilities  expense  that  were  approximately  $15,000, $1,600 and
$1,400,  respectively  as  the  Company  continued  its  efforts to cut costs to
decrease  the  Company's  need for cash.  The Company did not  incur significant
increases  in  other  expenses  during  the  quarter ended September 30, 2001 as
compared to  the quarter  ended  September 30, 2000.

During the quarters  ended September 30, 2002  and September 30, 2001 there were
no stock options granted under our 1999 Stock Option Plan.

RESULTS OF OPERATIONS FIRST NINE MONTHS OF 2002 COMPARED TO FIRST NINE MONTHS OF
2001

The Company did not have revenues during the nine months ended September 30,2002
or during  the nine months ended September 30, 2001.  We expect to begin selling
the VersaCase in mid 2003.

We had an operating loss of $151,905  during the nine months ended September 30,
2002 as compared to an operating loss of  $310,740  during the nine months ended
September 30, 2001,  a decrease of 51%.  As discussed below, this operating loss
decreased  due  to  a reduction in selling, general and administrative expenses.

The Company  did  not  have  research  and  development expenses during the nine
months ended September 30, 2002 or for the nine months ended September 30, 2001.
We believe that research and development expenses will increase as we go forward
due  to  a  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.

Selling, general  and  administrative  expenses decreased to $151,905 during the
nine  months  ended  September 30, 2002  as compared to $310,740 during the nine
months  ended  September 30, 2001,  a  decrease  of  51%.   This change  was due
primarily  to  a  decrease in advertising, professional fees, contract labor and
promotional  items   during   the  nine  months  ended  September  30,  2002  of
approximately  $125,500 as compared to the nine months ended  September 30, 2001
because  of  the  costs  associated  with  the  filing and promotion of our SB-2
registration with the SEC in 2001.  Other significant decreases in rent expense,
utilities expense, telephone  expense  and  insurance expense were approximately
$37,000, $9,300, $6,600 and $6,000, respectively  as  the  Company continued its
efforts  to  cut costs to decrease the Company's need for cash.  The Company saw
an  increase  in  consulting  expense  of $25,000 due to a  contract the Company
entered  into  with  an  outside  firm  that will use its best efforts to secure
necessary  funding  needed  to  meet the Company's future financial obligations.

There were no stock  options  granted  to  non-employees  during the nine months
ended  September 30,2002  or  during  the  nine months ended September 30, 2001.


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 September 30, 2002,
the  Company's  cash  totaled $33.  Loans from the  Mr. Jelinger during the nine
months ended September 30, 2002 totaled $71,538.   Accounts payable increased to
$583,717  for the nine months ended  September 30, 2002  compared to $502,970 at
year end December 31, 2001.

Primary  uses  of  cash  for  the nine months ended  September 30, 2002 included
$60,463 for the Company's  operations and working capital requirements.  For the
nine months ended September 30, 2001, primary  uses  of  cash  for the Company's
operations and working capital requirements totaled $147,149.

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  no  receive sufficient subscriptions to enable to
commence  manufacturing  operations  and  the offering terminated with all funds
returned to subscribers.  Currently, the company plans to raise sufficient funds
through  the  advancement  of  monies  by  its founder and through the aid of an
outside consulting firm that will attempt to secure the necessary funding needed
to  meet the new  financial obligations  associated  with  the contract recently
signed with New Product Innovations, Inc. regarding product development and out-
source manufacturing.  While funds advanced and raised from  the founder and the
outside consulting  firm  may enable the company to continue product development
and  commence  out-source manufacturing,  we cannot  be certain that the founder
will continue to fund our capital needs.  Consequently, we  may  seek additional
funding during the next 24 months through a post effective amendment to the SB-2
registration statement.  There can be no assurance that any additional financing
will  be  available on acceptable terms, if required.   Moreover, if  additional
financing  is  not  available,  we  could  be required  to reduce or suspend our
operations,  seek an acquisition partner or sell securities on terms that may be
highly dilutive or otherwise disadvantageous to existing investors, or investors
purchasing stock offered in  the anticipated  secondary  offering.  In the event
that neither of  the capital-raising mechanisms described above result in timely
usable proceeds to the Company,  we  may  have  a  serious  shortfall of working
capital.  We  have  experienced  in  the  past,  and may continue to experience,
operational  difficulties  and  delays  in  product  development  due to working
capital  constraints.   Any  such  difficulties  or delays could have a material
adverse effect on our business, financial condition  and  results of operations.


OUTLOOK

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

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

INCREASING  MARKET  SHARE.  Our  entry  into the market is estimated at a modest
level  to  allow  us  to  grow  at  a  reasonable  pace.  However,  we  make  no
representations  or guarantees that we will be able to manage the growth of  our
business. Once VersaCase is introduced, we expect that there will be significant
interest across a number of market segments.  The  VersaCase  is unparalleled in
its  versatile application as a  PC or server enclosure.  The ease of access and
scalability will provide numerous benefits to routine and mission-critical users
that will propel and increase market share.

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

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

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

Part II.	Other Information

Item 1.	Legal Proceedings

Two former employees,  spouses to each other,  filed suit against the company in
April 2000 requesting the return of their investment of $250,000.   The suit was
filed  in  the  United  States  District  Court in Hawaii  based on Hawaii state
securities law.  The United States District Court in  Hawaii removed the case to
the  United States District Court in Ohio for lack of jurisdiction.  The Company
believes this lawsuit has no merit and intends to vigorously defend itself.

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: October 18, 2002 By:  /S/ CONRAD A.H. JELINGER:
                             _________________________
                             Conrad A.H. Jelinger

                             Chief Executive Officer,
                             Interim  Chief Financial Officer
                             and President