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, 1999.

[ ] Transition Report Pursuant to 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)

                       INTERNATIONAL TOURIST ENTERTAINMENT CORPORATION
                       -----------------------------------------------
Former  name,  former  address and former  fiscal  year,  if changed  since last
report.

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
                                       ---     ----

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section 12, 13, or 15 (d) of the Securities  Exchange Act of 1934 after
the distribution of securities under a plan confirmed by a court.

                                    Yes X   No____

The number of shared  outstanding of the issuer's common stock,  $.001 par value
as of September 30, 1999 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, 1999  ...........................................       1


Condensed Statements of Operations
  Three and Nine Months Ended September 30, 1999
  And September 30, 1998  .......................................       2


Condensed Statements of Cash Flows
  Nine Months Ended September 30, 1999
  And September 30, 1998.........................................       3


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


Item 2.  Management's Discussion and Analysis
  Or Plan of Operation  .........................................       5


PART II.  OTHER INFORMATION  ....................................       7

<PAGE>


                              ITEC ATTRACTIONS, INC
                             Condensed Balance Sheet
                                   (Unaudited)

<TABLE>
<CAPTION>


                                                                              September 30
                                                                                 1999
                                                                           --------------------

                     ASSETS

<S>                                                                          <C>

          Current assets:
             Cash and cash equivalents                                       $         419,166
             Receivables                                                               107,482
             Inventories                                                               165,444
             Prepaid expenses                                                          109,153
             Prepaid leases-current                                                    166,915
                                                                             --------------------

                     Total current assets                                              968,160


          Property and equipment, net                                                5,740,812
          Prepaid leases-non current                                                 1,006,917
          Deposits                                                                      14,654
                                                                             ------------------

                     TOTAL ASSETS                                            $       7,730,543
                                                                             ==================

                     LIABILITIES AND STOCKHOLDERS' EQUITY

          Current liabilities:
             Accounts payable                                                $         263,460
             Accrued expenses                                                          413,543
             Current portion of long-term debt                                         136,826
                                                                             ------------------

                     Total current liabilities                                         813,829

          Accrued lease expense                                                        352,174
          Long-term debt                                                             3,378,998
          Security deposits                                                             20,441
                                                                             ------------------

                     Total liabilities                                               4,565,442
                                                                             ------------------


          Stockholders' equity
             Common stock, $.001 par value.  Authorized 40,000,000
                shares, issued and outstanding 7,937,638 shares as of
                June 30, 1999                                                            7,938
             Additional paid-in capital                                             10,781,076
             Accumulated deficit                                                    (7,623,913)
                                                                           --------------------

                     Net stockholders' equity                                        3,165,101
                                                                           --------------------

                     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY             $        7,730,543
                                                                           ====================

</TABLE>


          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
                                                              1999              1998                1999              1998
                                                          -------------     -------------       -------------     -------------

<S>                                                     <C>               <C>                 <C>               <C>
       Revenue:
           Theater and concession                       $      776,731    $      824,336      $    1,749,394    $    1,747,202
           Restaurant and deli                                 866,363           821,373           1,868,015         1,837,431
           Gift shop                                           168,862           113,336             356,867           300,813
           Mall operation                                      136,477           112,608             335,190           288,047
                                                          -------------     -------------       -------------     -------------

                                                             1,948,433         1,871,653           4,309,466         4,173,493
                                                          -------------     -------------       -------------     -------------

       Direct Expense:
           Theater and concession                              299,501           357,964             800,019           957,412
           Restaurant and deli                                 702,097           690,485           1,551,608         1,633,376
           Gift shop                                           119,104            79,370             265,561           177,806
           Mall operations                                     112,220           106,627             289,373           256,544
                                                          -------------     -------------       -------------     -------------

                                                             1,232,922         1,234,446           2,906,561         3,025,138
                                                          -------------     -------------       -------------     -------------

       Gross Profit                                            715,511           637,207           1,402,905         1,148,355
                                                          -------------     -------------       -------------     -------------

           General and administrative                          188,537           179,885             554,684           631,221
           Advertising and marketing                           170,742           137,029             570,581           424,450
           Depreciation and amortization                       116,743           101,444             342,615           307,764
                                                          -------------     -------------       -------------     -------------

                                                               476,022           418,358           1,467,880         1,363,435
                                                          -------------     -------------       -------------     -------------

       Operating Income (Loss)                                 239,489           218,849             (64,975)         (215,080)

       Other (income) expense:
           Interest income                                      (4,467)           (5,791)             (9,061)          (15,659)
           Interest expense                                     77,313            82,890             237,922           253,735
                                                          -------------     -------------       -------------     -------------

              Other income (expense), net                       72,846            77,099             228,861           238,076
                                                          -------------     -------------       -------------     -------------

       Income before provision for income taxes                166,643           141,750            (293,836)         (453,156)

       Income tax expense                                       -                 -                   -                 -
                                                          -------------     -------------       -------------     -------------

              Net income (Loss)                         $      166,643    $      141,750      $     (293,836)   $     (453,156)
                                                          =============     =============       =============     =============

       Net income (Loss) per common share               $          .02    $          .02      $         (.04)   $         (.06)
                                                          =============     =============       =============     =============

       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>
<TABLE>
<CAPTION>

                                                                                         Nine Months Ended
                                                                                           September 30
                                                                                     1999                 1998
                                                                                 ----------             --------


Cash flows from operating activities:

<S>                                                                            <C>                   <C>
   Net loss                                                                    $     (293,836)       $     (453,156)
   Adjustments to reconcile net loss to net cash provided
     by operating activities:
       Depreciation and amortization                                                  342,615               307,891
       Changes in operating assets and liabilities:
         Decrease (increase) in receivables                                           (92,492)               12,072
         Decrease (increase) in inventories                                           (86,636)              (34,302)
         Decrease (increase) in deposits & prepaid expenses                           (99,876)               (4,119)
         Decrease (increase) in prepaid leases                                        125,186               125,186
         Increase (decrease) in accounts payable and other accrued expenses           146,271               179,995
                                                                                -------------        --------------
                         Net cash provided by operating activities                     41,232               133,567
                                                                                -------------        --------------

Cash flows used in investing activities:
   Capital expenditures                                                              (188,321)             (650,437)
                                                                                -------------        --------------
                         Net cash used in investing activities                       (188,321)             (650,437)
                                                                                -------------        --------------

Cash flows from financing activities:
   Increase in capital lease obligations                                               27,058                42,261
   Principal payments on long-term debt                                              (115,563)              (90,105)
                                                                                -------------        --------------
                        Net cash used in financing activities                         (88,505)              (47,844)
                                                                                -------------        --------------

Decrease in cash and cash equivalents                                                (235,594)             (564,714)

Cash and cash equivalents at beginning of period                                      654,760               986,026
                                                                                -------------        --------------

Cash and cash equivalents at end of period                                     $      419,166        $      421,312
                                                                                =============        ==============

Supplemental cash flow information:

  Cash paid during the period for interest                                     $      237,922        $      253,735
                                                                                =============        ==============


</TABLE>



See accompanying notes to condensed financial statements.


                                        -3-

<PAGE>


                             ITEC ATTRACTIONS, INC.

                     Notes to Condensed Financial Statements
                               September 30, 1999
                                   (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  of normal
recurring  accruals)  necessary for a fair  presentation of the results for such
periods.  The results of operations for any interim  period are not  necessarily
indicative of results for the respective full year.  These  condensed  financial
statements should be read in conjunction with the financial statements and notes
thereto  contained in the  Company's  annual  report of form 10-KSB for the year
ended September 30, 1999 and for the transition  period ending December 31, 1998
as filed with the Securities and Exchange Commission.

























                                       -4-
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION


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 contains a 532 seat IMAX
theater with a screen that is 62 feet tall and 83 feet wide.  In  addition,  the
facility  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
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 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.  Seventeen  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 for
live performances in its Branson complex.  Mike Radford's Remember When Show and
Jimmie Rodgers Remembers perform daily in this theater.

During the quarter ending September 30, 1998, the Company  completed an addition
to the McFarlain's  restaurant that increased seating by 133 people. This is the
second major  expansion of the  restaurant  during the last two and a half years
and brings the total seating to over 655 people.

RESULTS OF OPERATIONS

Revenues  for the  quarter  ended  September  30,  1999  increased  4 percent to
$1,948,433 as compared to $1,871,653  for the same quarter of the previous year.
Revenues for the nine-month  period ended September 30, 1999 increased 3 percent
to  $4,309,466  compared to  $4,173,493  in the prior year period.  For the nine
months, the Company reported revenue increases in McFarlain's  Restaurant and in
the Gift Shop.

Direct  operating  expenses  were  $1,232,922  for the  reporting  quarter ended
September 30, 1999  representing 63 percent of sales, as compared to expenses of
$1,234,446  or 66 percent of sales,  for the  comparable  period of the previous
year.  Direct  operating  expenses  were  $2,906,561  for the nine months  ended
September 30, 1999, representing 67 percent of sales, as compared to expenses of
$3,025,138  or 72 percent of sales,  for the  comparable  period of the previous
year. The reduction in direct  operating  expense as a percentage of revenue for
the three  month and nine month  periods,  is a result of an  expense  reduction
program that was implemented in early 1999.

                                       -5-


<PAGE>


General and administrative  expenses were $188,537 and advertising and marketing
were $170,742 for the quarter  ended  September 30, 1999 as compared to $179,885
and $137,029 respectively for the same period in 1998.

The  increase  in  advertising  and  marketing  expense  is a result  of a total
remaking of all advertising material, an increased in advertising programs,  and
the additional expenses related to the marketing of the Jimmie Rodgers show.

Interest  expense was $77,313 and $82,890 for the quarters  ended  September 30,
1999 and 1998  respectively and was $237,922 for the nine months ended September
30, 1999 and $253,735 for same period ended 1998.

The net income was $166,643 for the  reporting  period  compared to $141,750 for
the same period of the previous  year.  The net loss was ($293,836) for the nine
months ended September 30, 1999 compared to ($453,156) for the nine months ended
September 30, 1998.

LIQUIDITY AND CAPITAL RESOURCES

As of  September  30,  1999  current  assets  totaled  $968,160,  while  current
liabilities totaled $813,829.  The Company's current ratio at September 30, 1999
was 1.19 to 1.

The Company maintains a $200,000 line of credit facility with a commercial bank.
No borrowings  were made under the line of credit during the reporting  quarter.
This  credit  facility  is  secured  by a second  deed of  trust on the  theater
complex.

Going  forward,  the Company  expects to be able to finance its  operations  and
immediate capital requirements from currently available capital,  cash flow from
operations, and available sources of borrowings including the line of credit.

The Company is in the process of ensuring that its internal computer systems are
Year  2000  compliant.  The  Company  does not  expect  any  material  Year 2000
compliance issues to arise related to its primary internal business  information
systems.  With respect to third-party  providers  whose services are critical to
the Company,  the Company intends to monitor the efforts of such  providers,  as
they become Year 2000  compliant.  Management is presently not aware of any Year
2000 issues that have been encountered by such third-party  providers that could
materially affect the Company's operations. Notwithstanding the foregoing, there
can  be  no  assurance  that  the  Company  will  not   experience   operational
difficulties  as a result of Year 2000 issues,  whether  arising out of internal
operations,  or caused by third-party  service providers,  which individually or
collectively could have an adverse impact on business  operations or require the
Company to incur unanticipated expenses to remedy such problems.







                                       -6-


<PAGE>


                           PART II. OTHER INFORMATION


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

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

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

                  Not applicable.

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

                  Not applicable.

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

                  Not applicable.

Item 5.           Other Events
                  ------------

                  A Special  Meeting of Shareholders  of  International  Tourist
                  Entertainment  Corporation, a U.S. Virgin Islands Corporation,
                  was held on  Saturday,  October 16, 1999 at 12:30 p.m.,  local
                  time, at the Company's offices in Branson,  Missouri.  At that
                  meeting,  the  Shareholders  adopted and approved an Agreement
                  and Plan of Merger whereby International Tourist Entertainment
                  Corporation was merged with and into ITEC Attractions, Inc., a
                  Nevada  corporation,   with  ITEC  Attractions,  Inc.  as  the
                  successor corporation.

                  The  purpose  and result of the merger were to effect a change
                  in domicile of the Company from the U.S. Virgin Islands to the
                  State of Nevada.  As a result of the  merger,  the name of the
                  Company is changed from  International  Tourist  Entertainment
                  Corporation  to ITEC  Attractions,  Inc.  The  merger  did not
                  result  in any  other  change to the  Company,  including  any
                  change in control of the  Company or any change in the assets,
                  liabilities or financial condition of the Company.







                                       -7-
<PAGE>


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

                  A.       Exhibits:

                  4.1  Specimen   Certificate   for  the  common  stock  of  the
                  Registrant  (incorporated  by  reference  to the  Registrant's
                  Registration   Statement   on  Form  S-1,   Registration   No.
                  33-48630).

                  10.3  Ground  Lease  Agreement  dated  July 27,  1993  between
                  Treasure Lake R.V. Resort Camping Club, Inc. and International
                  Tourist Entertainment  Corporation  (incorporated by reference
                  to Registration Statement on Form S-1, Registration No.
                  33-64132).

                  10.4 Loan  Agreement  dated July 30,  1993  secured by Deed of
                  Trust for loan from  NationsBank  (formerly  Boatmen's  Bank),
                  Branson,   Missouri  to  International  Tourist  Entertainment
                  Corporation   (incorporated   by  reference  to   Registration
                  Statement on Form S-1, Registration No. 33-64132).

                  10.5  Deed of  Trust  dated  July  30,  1993  for  benefit  of
                  NationsBank,  Branson,  Missouri (incorporated by reference to
                  Registration   Statement   on  Form  S-1,   Registration   No.
                  33-64132).

                  10.10 Distribution  Agreement dated July 14, 1995 between IMAX
                  Corporation and the Company (incorporated by reference to Form
                  10-KSB for the year ended June 30, 1996).

                  10.12 Third Modification Agreement dated March 1, 1997 between
                  NationsBank of Southern Missouri and the Company (incorporated
                  by reference to Form 10-KSB for the year ended June 30, 1996).

                  10.13 System Lease  Agreement as amended  dated August 1, 1993
                  between  IMAX  Corporation  and the Company  (incorporated  by
                  reference to Form 10-KSB for the year ended June 30, 1996.

                  27.1 Financial Data Schedule for the 6 months ended  September
                  30, 1999.

                  B.  Reports on Form 8-K :

                  No  reports  on Form  8-K  were  filed  during  the  reporting
                  quarter.








                                       -8-

<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              11/13/99                           /s/ Paul M. Bluto
                  --------                           -----------------
                                                     Paul M. Bluto
                                                     Chairman and
                                                     Principal Financial Officer
                                                     Chief Executive Officer




Date              11/13/99                           /s/ Paul E. Rasmussen
                  --------                           ---------------------
                                                     Paul E. Rasmussen
                                                     President
                                                     Chief Operating Officer


















                                       -9-