UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 10-QSB


(Mark One)

[X] Quarterly Report Under Section 13 or 15(d) of the Securities Exchange Act of
1934 for the quarterly period ended September 30, 2003.

[ ]  Transition  Report  Under  Section  13 or 15(d) of the  Securities Exchange
Act for the  transition  period from ____________ to ____________.

Commission file number 0-21070

                             ITEC Attractions, Inc.
              (Exact name of small business issuer as specified in
                                 its charter.)

        Nevada                                            66-0426648
        --------                               ---------------------------------
(State of Incorporation)                       (IRS Employer Identification No.)

         3562 Shepherd of the Hills Expressway, Branson, Missouri 65616
         --------------------------------------------------------------
                    (Address of principal executive offices)

                                 (417) 335-3533
                                 --------------
                           (Issuer's telephone number)


Check whether the issuer (1) filed all reports required to be filed by Section
13 or Section 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
                                       -----      -----


The number of shares outstanding of the issuer's common stock, $.001 par value,
as of November 1, 2003 is 7,937,638 shares.

Transitional Small Business Disclosure Format (check one):  Yes         No    X
                                                                -----      -----

<PAGE>
                             ITEC Attractions, Inc.


                                TABLE OF CONTENTS


PART 1.  FINANCIAL INFORMATION

Item 1.    Financial Statements


                                                                    Page Number
                                                                    -----------

Condensed Balance Sheet
  September 30, 2003................................................     1


Condensed Statements of Operations
  Three and Nine Months Ended September 30, 2003 and 2002...........     2

Condensed Statements of Cash Flows
  Nine Months Ended September 30, 2003 and  2002....................     3


Notes to Condensed Financial Statements.............................     4


Item 2.  Management's Discussion and Analysis of Financial
  Condition and Results of Operations...............................     5


Item 3.  Controls and Procedures....................................     8


PART II.  Other Information.........................................     9


<PAGE>

                             ITEC Attractions, Inc.

                             Condensed Balance Sheet
                                   (Unaudited)


                                                                  September 30,
            ASSETS                                                    2003
            ------                                                --------------

Current assets:
   Cash                                                           $     461,540
   Accounts receivable                                                   63,793
   Inventories                                                          554,367
   Prepaid expenses                                                     114,651
   Prepaid leases-current                                               104,889
                                                                  -------------

            Total current assets                                      1,299,240


Property and equipment, net of accumulated
  depreciation of $3,674,455                                          6,755,579
Prepaid leases-non current                                              509,827
Deposits                                                                  8,643
                                                                  -------------


            TOTAL ASSETS                                          $   8,573,289
                                                                  =============

            LIABILITIES AND STOCKHOLDERS' EQUITY
            ------------------------------------

Current liabilities:
   Accounts payable                                               $     437,224
   Accrued expenses                                                     423,295
   Current portion of long-term debt                                    216,453
                                                                  -------------

            Total current liabilities                                 1,076,972

Accrued lease expense                                                   577,565
Long-term debt                                                        4,563,026
Deferred revenue                                                          3,947
Deposits                                                                 12,400
Interest rate swap agreement                                            597,412
                                                                  -------------

            Total liabilities                                         6,831,322

Stockholders' equity
   Common stock, $.001 par value.
      Authorized 40,000,000 shares,
      issued and outstanding 7,937,638
      shares                                                              7,938
   Additional paid-in capital                                        10,781,076
   Retained earnings (deficit)                                       (9,047,047)
                                                                  --------------

            Total stockholders' equity                                1,741,967
                                                                  --------------

            TOTAL LIABILITIES AND
            STOCKHOLDERS' EQUITY                                  $   8,573,289
                                                                  ==============


           See accompanying notes to condensed financial statements.

                                        1

<PAGE>
                             ITEC Attractions, Inc.
                       Condensed Statements of Operations
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                               Three Months Ended                    Nine Months Ended
                                                                 September 30,                          September 30,

                                                            2003               2002               2003                2002
                                                       --------------      ------------      --------------      ---------------
<S>                                                    <C>                 <C>               <C>                 <C>
Revenue:
     Theater and concession                            $    1,070,943      $  1,054,120      $    2,619,294      $    2,313,787
     Food service                                           1,119,071         1,116,904           2,363,352            2,377,951
     Gift shops                                               382,498           423,137             820,449              885,095
     Mall operations                                          145,377           128,649             342,715              310,878
                                                       --------------      ------------      --------------      ---------------
                                                            2,717,889         2,722,810           6,145,810            5,887,711
                                                       --------------      ------------      --------------      ---------------
Direct Expense:
     Theater and concession                                   599,424           583,540           1,592,285            1,329,588
     Food service                                             842,848           854,987           1,971,589            1,966,423
     Gift shops                                               293,012           293,790             665,018              648,618
     Mall operations                                          111,147           116,151             317,310              303,701
                                                       --------------      ------------      --------------      ---------------
                                                            1,846,431         1,848,468           4,546,202            4,248,330
                                                       --------------      ------------      --------------      ---------------


Gross Profit                                                  871,458           874,342           1,599,608            1,639,381
                                                       --------------      ------------      --------------      ---------------

Operating Expense:
     General and administrative                               196,001           201,387             603,855              552,922
     Advertising and marketing                                199,927           205,017             616,271              598,846
     Depreciation and amortization                            133,956           134,121             397,267              396,309
     Loss (gain) on derivative financial instrument           (82,391)          181,391            (105,964)             229,928
                                                       --------------      ------------      --------------      ---------------
                                                              447,493           721,916           1,511,429            1,778,005
                                                       --------------      ------------      --------------      ---------------

Operating Income (Loss)                                       423,965           152,426              88,179             (138,624)

Other Income (Expense):
     Interest income                                              353               294                 619                  453
     Interest expense                                        (121,656)         (130,359)           (364,806)            (391,359)
                                                       --------------      ------------      --------------      ---------------
         Other Income (Expense), net                         (121,303)         (130,065)           (364,187)            (390,906)
                                                       --------------      ------------      --------------      ---------------

         Net Income (Loss)                             $      302,662      $     22,361      $     (276,008)     $      (529,530)
                                                       ==============      ============      ==============      ===============

Income (loss) per common share                         $         0.04      $       0.01      $        (0.03)     $         (0.07)
                                                       ==============      ============      ==============      ===============
Weighted average common
   shares outstanding                                       7,937,638         7,937,638           7,937,638            7,937,638
</TABLE>

           See accompanying notes to condensed financial statements.

                                        2


<PAGE>
                             ITEC Attractions, Inc.

                       Condensed Statements of Cash Flows
                                (Unaudited)
<TABLE>
<CAPTION>
                                                                                             Nine Months Ended
                                                                                               September 30,
                                                                                       2003                  2002
                                                                                ----------------        --------------
<S>                                                                             <C>                   <C>
Cash flows from operating activities:
   Net loss                                                                     $       (276,008)     $       (529,530)
     Items not requiring(providing) cash:

     Depreciation and amortization                                                       397,267               396,309
     Loss (gain) on derivative financial instrument                                     (105,964)              229,928
     Changes in:
        Accounts receivable                                                              (18,408)              (28,568)
        Inventories                                                                     (178,176)             (206,803)
        Prepaid expenses and deposits                                                     (8,576)              (35,504)
        Prepaid leases                                                                    78,667               125,186
        Accounts payable and other accrued expenses                                      507,263               288,605
                                                                                ----------------        --------------
                         Net cash provided by operating activities                       396,065               239,623
                                                                                ----------------        --------------
Cash flows from investing activities:
   Purchase of property and equipment                                                   (222,880)             (143,337)
                                                                                ----------------        --------------
                         Net cash used in investing activities                          (222,880)             (143,337)
                                                                                ----------------        --------------

Cash flows from financing activities:
   Borrowings under line of credit agreement                                                   -               200,000
   Principal payments on line of credit agreement                                              -              (200,000)
   Principal payments on long-term debt                                                 (111,039)             (241,365)
   Proceeds from issuance of long-term debt                                                    -               211,157
                                                                                ----------------        --------------
                        Net cash used in financing activities                           (111,039)              (30,208)
                                                                                ----------------        --------------

Increase in cash                                                                          62,146                66,078

Cash at beginning of period                                                              399,394                66,084
                                                                                ----------------        --------------

Cash at end of period                                                           $        461,540        $      132,162
                                                                                ================        ==============

Supplemental cash flow information:
  Interest paid                                                                 $        364,806        $      391,359

</TABLE>

           See accompanying notes to condensed financial statements.


                                        3

<PAGE>
                             ITEC Attractions, Inc.

                     Notes to Condensed Financial Statements
                                   (Unaudited)


NOTE 1.  BASIS OF PRESENTATION

ITEC Attractions,  Inc. (formerly known as International  Tourist  Entertainment
Corporation)  (the  "Company")   commenced   operations  in  October  1993.  The
accompanying  interim condensed financial  statements are unaudited,  but in the
opinion  of  management  reflect  all  adjustments  (consisting  only of  normal
recurring  adjustments)  necessary  for a fair  presentation  of  the  financial
position,  results of operations and cash flows for the Company.  The results of
operations for any interim period are not necessarily  indicative of results for
the respective  full year.  Certain  information and note  disclosures  normally
included in the Company's  annual  financial  statements  prepared in accordance
with accounting  principles  generally  accepted in the United States of America
have been condensed or omitted.  These condensed financial  statements should be
read in conjunction with the financial statements and notes thereto contained in
the Company's  annual report on Form 10-KSB for the year ended December 31, 2002
as filed with the Securities and Exchange Commission.

NOTE 2. OPERATING SEGMENTS

The Company operates in three business segments: 1) Theater and concessions,  2)
Food service, and 3) Retail services.

The following table presents financial  information by operating segment for the
nine months ended September 30, 2003 and 2002.
<TABLE>
<CAPTION>

Nine months ended          Theater and        Food         Retail
September 30 , 2003        Concessions      Service        Services      Corporate         Total
---------------------------------------------------------------------------------------------------
<S>                        <C>              <C>           <C>            <C>            <C>
Sales to unaffiliated
  customers                $2,619,294       $2,363,352    $1,163,164               -    $6,145,810

Operating income
  (loss)                   $1,027,009       $  391,763    $  180,835     $(1,511,429)   $   88,179

Nine months ended          Theater and       Food           Retail
September 30 , 2002        Concessions      Service         Services     Corporate         Total
---------------------------------------------------------------------------------------------------

Sales to unaffiliated
  customers                $2,313,787       $2,377,951    $1,195,973              -     $5,887,711

Operating income
  (loss)                   $  984,199       $  411,528    $  243,654     $(1,778,005)   $ (138,624)
</TABLE>

                                        4
<PAGE>

NOTE 3.  DERIVATIVE FINANCIAL INSTRUMENT

The derivative financial instrument held by the Company is an interest rate swap
agreement  with Bank of  America,  N.A.  (the  "Bank")  to  effectively  fix the
interest rate on the Company's term note with the Bank,  which is due June 2013,
at 10.4% through April 1, 2006. The Company's derivative  instrument is recorded
at its fair value with changes in fair value  included in earnings.  The Company
recognized  a gain (loss) on  derivative  financial  instruments  of $82,391 and
($181,391)  during the quarter ended September 30, 2003 and 2002,  respectively,
and a gain  (loss) of  $105,964  and  ($229,928)  during the nine  months  ended
September 30, 2003 and 2002, respectively.

NOTE 4.  LINE OF CREDIT

The  Company's  $200,000  revolving  bank line of credit has expired and was not
replaced.

ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

General

The following  discussion and analysis  provides  information  which  management
believes  is  relevant  to an  assessment  and  understanding  of the results of
operations and financial condition of ITEC Attractions, Inc. This discussion and
analysis should be read in conjunction  with the financial  statements,  related
notes and Management's  Discussion and Analysis included in the Company's Annual
Report on Form 10-KSB for the year ended December 31, 2002.

ITEC  Attractions,  Inc. began  operations  with the opening of its giant screen
theater and mall facility in Branson, Missouri in October 1993. This facility is
known as the IMAX  Entertainment  Complex (The Complex).  The Complex contains a
532-seat  IMAX theater  with a screen that is 62 feet tall and 83 feet wide.  In
addition,  The Complex  includes an enclosed  shopping  mall with  approximately
22,000  square feet of retail  space.  McFarlain's,  a family  restaurant in the
mall, has been owned and operated by the Company since May 1, 1995.

During the quarter ended  September 30, 1998, the Company  completed an addition
to McFarlain's  restaurant  that increased  seating by 133 people.  This was the
second major expansion of the restaurant over a two and a half year period,  and
brings total seating to 630 people. During the quarter ended March 31, 1997, the
Company  acquired  assets to begin the operation of McFarlain's  Back Porch,  an
express  deli and bakery which is also  located in the mall.  In 2000,  The Back
Porch  was  converted  to the IMAX Food  Court.  The IMAX  Food  Court  includes
franchises for Quiznos Sub Sandwiches,  Baskin & Robbins Ice Cream and Breadeaux
Pizza.

In 1994,  the Company  began  selling gift items related to the films which were
being exhibited in the theater or which are  representative  of the lifestyle of
the Ozarks.  This  operation  has evolved  into the Legacy & Legends  Gift Shop,
which  has  been  one of the  Company's  most  profitable  and  fastest  growing
departments. Because of the success of the Legacy and Legends Gift Shop, in 2000
the Company  made a decision to expand its gift shop  operations.  In October of


                                        5
<PAGE>

2000 the Company  acquired  Fabulous  Finds, a kiosk located in the Complex that
primarily sells  costumejewelry.  In January of 2001 the Company acquired Shadow
Box Gifts and Collectibles,  a gift shop located in the Complex that specializes
in the sale of various types of collectibles.  Twelve other shops and kiosks are
currently leased to third parties.

In  December  1997,  the  Company  installed a new 35mm  projection  system,  in
addition to its IMAX giant screen projection  system,  and began showing feature
35mm films each evening in addition to the IMAX giant screen film presentations.

In March 1998,  the Company  completed the  construction  of a 210-seat  theater
named the Little Opry Theater,  for live  performances in The Complex.  Smoke on
the Mountain,  Gold Wing Express, and the Keepin' It Country shows are currently
perform in the Little Opry Theater.

On July 24, 2000 the Company completed  financial  arrangements for a program of
additional capital improvements to The Complex.  These improvements included the
construction  of a new theater  center named Elite Cinema III, which is adjacent
to The Complex.  Elite Cinema III houses three  theaters  with  state-of-the-art
sound systems and stadium style seating, and is designed to exhibit 35mm feature
length films.  The seating  capacity of the three theaters is 181, 170, and 132.
Construction  of Elite Cinema III  commenced in March of 2001 and was  completed
during  the third  quarter of 2001.  The  Company  also  increased  the  parking
capacity  of  The  Complex  by 165  spaces  to  accommodate  the  new  theaters.
Construction  of the  parking  expansion  commenced  in  January  2000  and  was
completed  at the time the Elite  Cinema III opened.  The cost of these  capital
improvements was approximately $1.8 million.

RESULTS OF OPERATIONS

Revenues  for the  quarter  ended  September  30,  2003  decreased  1 percent to
$2,717,889 as compared to $2,722,810  for the same quarter of the previous year.
Revenues for the nine-month  period ended September 30, 2003 increased 5 percent
to $6,145,810 compared to $5,887,711 in the prior year period.

Direct  operating  expenses were  $1,846,431 for the quarter ended September 30,
2003  representing 68 percent of sales, as compared to expenses of $1,848,468 or
68 percent  of sales for the  comparable  period of the  previous  year.  Direct
operating expenses were $4,546,202 for the nine months ended September 30, 2003,
representing  74 percent of sales, as compared to an expense of $4,248,330 or 73
percent of sales for the comparable  period of the previous year.  This increase
in direct operating expenses is attributed principally to an increase in salary,
wage, and profit sharing expenses.

General and administrative  expenses were $196,001 and $201,387 for the quarters
ended September 30, 2003 and 2002, respectively,  and were $603,855 and $552,922
for the nine  months  ended  September  30,  2003 and 2002,  respectively.  This
increase in general and administrative  expenses is primarily due to an increase
in salary and wage expenses, including bonuses paid in May and June of 2003.


                                        6
<PAGE>


Advertising  and marketing  expense was $199,927 for the quarter ended September
30, 2003  compared to $205,017  for the same period in 2002 and was $616,271 for
the nine  months  ended  September  30, 2003  compared to $598,846  for the same
period in 2002.  The  increase in  advertising  and  marketing is a result of an
increase in advertising expense related to the Elite Cinema III, the Little Opry
theater,  and an overall  increase  in the  advertising  budget for 2003 for The
Complex.

Interest  expense was $121,656 and $130,359 for the quarters ended September 30,
2003  and  2002,  respectively,  and was  $364,806  for the  nine  months  ended
September 30, 2003 and $391,359 for the same period in 2002.

Net income was $302,662 for the quarter  ended  September 30, 2003 compared to a
net income of $22,361 for the same  period of the  previous  year.  Net loss was
$276,008 for the nine months ended  September 30, 2003 compared to a net loss of
$529,530 for the nine months ended June 30, 2002.

LIQUIDITY AND CAPITAL RESOURCES

As of September  30, 2003,  current  assets  totaled  $1,299,240,  while current
liabilities  totaled  $1,076,972.  The Company's  current ratio at September 30,
2003 was 1.21 to 1.00.

As of September  30, 2003,  the Company has  outstanding  borrowings of $100,000
from Ms. Ann Bluto, a director of the Company. This loan bears interest at prime
plus 2%.

On July 24, 2000, the Company  refinanced its existing long-term debt with a new
term loan in the amount of  $4,676,203.  The proceeds of the term loan were used
to refinance existing  indebtedness and to finance the construction of three new
theaters and additional parking related thereto and the construction of the food
court.  The term  loan is  secured  by deeds of trust on the  Company's  theater
complex and ground leases.

Going  forward,  the Company  expects to be able to finance its  operations  and
immediate capital  requirements from currently available capital,  and cash flow
from operations.

FORWARD-LOOKING STATEMENTS

When  used in this  Form  10-QSB,  in  other  filings  by the  Company  with the
Securities  and Exchange  Commission,  in the Company's  press releases or other
public stockholder communications,  or in oral statements made with the approval
of an authorized  executive officer of the Company,  the words or phrases "would
be," "will allow,"  "intends to," "will likely result," "are expected to," "will
continue," "is anticipated,"  "estimate,"  "project," or similar expressions are
intended  to  identify  "forward-looking  statements"  within the meaning of the
Private Securities Litigation Reform Act of 1995.



                                        7
<PAGE>

The Company cautions readers not to place undue reliance on any  forward-looking
statements,  which  speak  only  as of the  date  made,  are  based  on  certain
assumptions  and  expectations  which may or may not be valid or actually occur,
and which involve various risks and uncertainties,  including but not limited to
risk of product demand,  market  acceptance,  economic  conditions,  competitive
products and pricing,  difficulties in product  development,  commercialization,
and  technology and other risks.  In addition,  sales and other revenues may not
commence and/or continue as anticipated due to delays or otherwise. As a result,
the Company's  actual  results for future periods could differ  materially  from
those anticipated or projected. Please refer to the "Management's Discussion and
Analysis or Plan of Operation"  that is found in the Company's  Annual Report on
Form 10-KSB for the year ended December 31, 2002 for more details.

Unless otherwise required by applicable law, the Company does not undertake, and
specifically disclaims any obligations, to update any forward-looking statements
to reflect  occurrences,  developments,  unanticipated  events or  circumstances
after the date of such statement.

ITEM 3. CONTROLS AND PROCEDURES

(a)   The Company  maintains  disclosure  controls and  procedures as defined in
      Rule 13a-14(c) of the Securities Exchange Act of 1934 that are designed to
      ensure that information  required to be disclosed periods specified in the
      SEC's  rules and  forms,  and that such  information  is  accumulated  and
      communicated  to the Company's  management,  including its Chief Executive
      Officer and Chief  Financial  Officer,  as  appropriate,  to allow  timely
      decisions regarding required disclosure.

      Within 90 days prior to the  date of  this report, the Company carried out
      an evaluation,  under the supervision  and with the  participation  of the
      Company's management,  including the Company's Chief Executive Officer and
      the Company's Chief Financial Officer,  of the effectiveness of the design
      and operation of the Company's  disclosure controls and procedures.  Based
      on  the  foregoing,  the  Company's  Chief  Executive  Officer  and  Chief
      Financial  Officer  concluded that the Company's  disclosure  controls and
      procedures were effective.

(b)   There have been no significant  changes in the Company's internal controls
      or in other factors that could significantly  affect the internal controls
      subsequent to the date the Company completed its evaluation.


                                        8
<PAGE>

                            PART II OTHER INFORMATION


Item 1.           Legal Proceedings
                  -----------------

                  There are no material legal proceedings pending to which the
                  Company is a party of, or which any of its property is the
                  subject.

Item 2.           Changes in Securities
                  ---------------------

                  None

Item 3.           Defaults Upon Senior Securities
                  -------------------------------

                  None

Item 4.           Submission of Matters to a Vote of Security Holders
                  ---------------------------------------------------

                  None

Item 5.           Other Information
                  -----------------

                  None

Item 6.           Exhibits and Reports on Form 8-K
                  --------------------------------

                  A. Exhibits:

                     31.1   Certification of CEO and CFO pursuant to Section 302
                            of the Sarbanes-Oxley Act of 2002

                     32.1   Certification  of CEO and CFO  pursuant to 18 U.S.C.
                            Section 1350, as adopted  pursuant to Section 906 of
                            the Sarbanes-Oxley Act of 2002

                  B. Reports on Form 8-K: None


                                        9
<PAGE>
                                   SIGNATURES


In accordance with the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.





Date      11/14/03                          /s/ Paul M. Bluto
          --------                          -----------------
                                                Paul M. Bluto
                                                Chairman and
                                                Principal Financial Officer
                                                Chief Executive Officer




Date      11/14/03                          /s/ Paul E. Rasmussen
          --------                          ---------------------
                                                Paul E. Rasmussen
                                                President
                                                Chief Operating Officer


                                       10