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 June 30, 2000.

[ ] Transition  Report Under 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)


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 shares  outstanding of the issuer's common stock, $.001 par value,
as of June 30, 2000 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
  June 30, 2000  ......................................................  1


Condensed Statements of Operations
  Three and Six Months Ended June 30, 2000
  And June 30, 1999.....  .............................................  2


Condensed Statements of Cash Flows
  Six Months Ended June 30, 2000
  And June 30, 1999....................................................  3


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


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


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



<PAGE>

                             ITEC Attractions, Inc.

                             Condensed Balance Sheet
                                   (Unaudited)
<TABLE>
<CAPTION>



                                                                                 June 30,                June 30,
                     ASSETS                                                        2000                    1999
                                                                                ---------                --------
<S>                                                                         <C>                       <C>

Current assets:
     Cash                                                                            -                $    202,009
     Receivables                                                                  $ 53,761                  86,872
     Inventories                                                                   186,762                 143,698
     Prepaid expenses                                                               80,900                  74,573
     Prepaid leases-current                                                        166,915                 166,915
                                                                            --------------            ------------

          Total current assets                                                     488,338                 674,067


Property and equipment, net                                                      5,959,335               5,830,955
     Prepaid leases-non current                                                    881,731               1,048,646
     Deposits                                                                       13,787                  14,654
                                                                            --------------            ------------

          TOTAL ASSETS                                                      $    7,343,191            $  7,568,322
                                                                            ==============            ============

                     LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
     Bank overdraft                                                         $       30,280                       -
     Accounts payable                                                              380,985            $    355,811
     Accrued expenses                                                              265,670                 293,516
     Current portion of long-term debt                                             179,333                 136,826
                                                                            --------------            ------------

          Total current liabilities                                                856,268                 786,153

     Accrued lease expense                                                         394,435                 338,087
     Long-term debt                                                              3,307,990               3,425,184
     Security deposits                                                              16,900                  20,441
                                                                            --------------            ------------

          Total liabilities                                                      4,575,593               4,569,865

     Stockholders' equity
          Common stock, $.001 par value.  Authorized 40,000,000
            shares, issued and outstanding 7,937,638 shares as of
            June 30, 2000                                                            7,938                   7,938
          Additional paid-in capital                                            10,781,076              10,781,076
          Accumulated deficit                                                   (8,021,416)             (7,790,557)
                                                                            --------------            ------------

         Net stockholders' equity                                                2,767,598               2,998,457
                                                                            --------------            ------------

         TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                         $    7,343,191            $  7,568,322
                                                                            ==============            ============


</TABLE>

          See accompanying notes to condensed financial statements.

                                        1

<PAGE>


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




                                                                Three Months Ended                        Six Months Ended
                                                                     June 30,                                 June 30,
                                                              -----------------------               ----------------------------
                                                             2000               1999                  2000              1999
                                                           ------               ----                  ----              ----

<S>                                                    <C>                  <C>                  <C>                 <C>

Revenue:
     Theater and concession                            $     760,408        $     723,948        $   1,089,020       $  972,663.00
     Restaurant and Food Court                               838,151              813,170            1,039,649           1,001,652
     Gift shop                                               161,044              144,168              207,910             188,005
     Mall operation                                          110,674              109,475              208,839             206,766
                                                       -------------        -------------        -------------       -------------

                                                           1,870,277            1,790,761            2,545,418           2,369,086
                                                       -------------        -------------        -------------       -------------

Direct Expense:
     Theater and concession                                  405,034              307,666              641,443             501,057
     Restaurant and Food Court                               693,564              620,411              953,577             848,385
     Gift shop                                               112,007              109,423              156,707             144,956
     Mall operations                                          89,538               97,933              168,617             176,795
                                                       -------------        -------------        -------------       -------------

                                                           1,300,143            1,135,433            1,920,344           1,671,193
                                                       -------------        -------------        -------------       -------------

 Gross Profit                                                570,134              655,328              625,074             697,893
                                                       -------------        -------------        -------------       -------------

     General and administrative                              198,216              170,776              402,866             376,587
     Advertising and marketing                               202,310              211,308              375,866             399,900
     Depreciation and amortization                           124,541              114,516              240,097             225,872
                                                       -------------        -------------        -------------       -------------

                                                             525,067              496,600            1,018,829           1,002,359
                                                       -------------        -------------        -------------       -------------

Operating Income                                              45,067              158,728             (393,755)           (304,466)

Other (income) expense:
     Interest income                                            (833)              (1,198)              (4,322)             (4,593)
     Interest expense                                         81,516               78,508              156,278             160,609
                                                       -------------        -------------        -------------       -------------

         Other income (expense), net                          80,683               77,310              151,956             156,016
                                                       -------------        -------------        -------------       -------------

Income before provision for income taxes                     (35,616)              81,418             (545,711)           (460,482)


          Net Income (Loss)                            $     (35,616)       $      81,418        $    (545,711)      $    (460,482)
                                                       =============        =============        =============       =============

Net income (loss) per common share-basic and diluted   $       (0.00)       $        0.01        $       (0.07)      $       (0.06)
                                                       =============        =============        =============       =============


Weighted average common
     shares outstanding-basic and diluted                  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>


                                                                                               Six Months Ended
                                                                                                  June 30,
                                                                                         2000                  1999
                                                                                   ---------------       ---------------
<S>                                                                               <C>                   <C>

Cash flows from operating activities:
   Net loss                                                                       $       (545,711)     $       (460,482)
   Adjustments to reconcile net loss to net cash
     used in operating activities:
      Depreciation and amortization                                                        240,097               225,872
      Changes in operating assets and liabilities:
        Decrease (increase) in receivables and notes receivable-tenants                     26,927               (71,882)
        Increase in inventories                                                            (91,009)              (64,890)
        Decrease (increase) in deposits and prepaid expenses                                 6,708               (37,336)
        Decrease in prepaid leases                                                          83,457                83,458
        Cash overdraft                                                                      30,280
        Increase in accounts payable and accrued expenses                                  149,960                90,694
        Decrease in deposits and deferred revenue                                          (41,359)                  (59)
                                                                                  ----------------      ----------------

                         Net cash provided by (used in) operating activities              (140,651)             (234,625)
                                                                                  ----------------      ----------------

Cash flows used in investing activities:
   Capital expenditures                                                                   (508,011)             (161,719)

Cash flows from financing activities:
   Capitalized lease obligations                                                                 -                26,956
   Increase to short-term debt                                                             100,000                     -
   Principal payments under capital lease obligations and long-term debt                   (96,044)              (83,363)
                                                                                  ----------------      ----------------

                        Net cash provided by financing activities                            3,956               (56,407)
                                                                                  ----------------      ----------------

Decrease in cash and cash equivalents                                                     (644,706)             (452,751)

Cash and cash equivalents at beginning of period                                           644,706               654,760
                                                                                  ----------------      ----------------


Cash and cash equivalents at end of period                                        $              -      $        202,009
                                                                                  ================      ================

Supplemental cash flow information:
  Cash paid during the period for interest                                        $        156,278      $        160,609

</TABLE>

See accompanying notes to condensed financial statements.






                                        3

<PAGE>


                             ITEC Attractions, Inc.

                     Notes to Condensed Financial Statements
                                  June 30, 2000
                                   (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
December 31, 1999 as filed with the Securities and Exchange Commission.


























<PAGE>

                                       -4-


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

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 or Plan of operation included in
the Company's Annual Report on Form 10KSB for the year ended December 31, 1999.

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.  The Back Porch was recently  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. 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 the 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.








                                       -5-
<PAGE>



On July 24, 2000 the Company completed  financial  arrangements for a program of
capital  improvements to the Branson  Complex.  These  improvements  include the
construction  of a new theater center adjacent to the Branson Complex which will
house three  theaters  with  state-of-the-art  sound  systems and stadium  style
seating, designed to exhibit 35mm feature length films. Two of the theaters have
a seating  capacity of 175 each and the third theater has a seating  capacity of
140.  Construction  on the  theaters is  expected  to commence  during the third
quarter of 2000 and to be completed by the end of the year.  The Company is also
increasing  the  parking  capacity  of the  Branson  Complex  by 165  spaces  to
accommodate the new theaters. Construction of the parking expansion commenced in
January  2000.  The  Company is also  remodeling  the food court in the  Branson
Complex  to  incorporate  the new  theater  center.  The cost of  these  capital
improvements is approximately $1.8 million.

RESULTS OF OPERATIONS

Revenues for the quarter  ended June 30, 2000  increased 4 percent to $1,870,277
as compared to $1,790,761  for the same quarter of the previous  year.  Revenues
for the six-month  period ended June 30, 2000  increased 7 percent to $2,545,418
compared to $2,369,086 in the prior year period.  The Company  reported  revenue
increases in every segment of its operation  during the reporting  period,  with
exception of the IMAX Food Court,  which was under  construction for most of the
reporting period.

Direct operating  expenses were $1,300,143 for the reporting  quarter ended June
30, 2000 representing 70 percent of sales, as compared to expenses of $1,135,433
or 63 percent of sales, for the comparable  period of the previous year.  Direct
operating  expenses  were  $1,920,344  for the six months  ended June 30,  2000,
representing  75 percent of sales,  as compared to expenses of  $1,671,193 or 71
percent of sales, for the comparable period of the previous year.

General and administrative  expenses were $198,216 and $170,776 for the quarters
ended June 30, 2000 and 1999 respectively and were $402,866 and $376,587 for the
six months ended June 30, 2000 and 1999, respectively.

Advertising  and  marketing  expense was $202,310 for the quarter ended June 30,
2000  compared to $211,308 for the same period in 1999 and were $375,866 for six
months ended June 30, 2000 compared to $399,900 for the same period in 1999.

Interest  expense was $81,516 and $78,508 for the  quarters  ended June 30, 2000
and 1999  respectively  and was  $156,278 for the six months ended June 30, 2000
and $160,609 for same period ended 1999.

The net loss was $35,616 for the quarter  ended June 30, 2000  compared to a net
income of $81,418 for the same  period of the  previous  year.  The net loss was
$545,511  for the six  months  ended  June 30,  2000  compared  to a net loss of
$460,482 for the six months ended June 30, 1999.

                                       -6-
<PAGE>




The  Company's  results of operations  for the current year have been  adversely
impacted by several factors.  During the current year, the Company converted its
Back Porch operation to a food court configuration.  As a result, this space was
under  construction  and not  operational  for  several  months with a resulting
decrease in revenues for the period of approximately  $40,000. Costs of employee
benefits have also increased  significantly  with the implementation of a 401(k)
plan for employees and an increase in health insurance premiums of approximately
25%, for a combined  increase of approximately  $60,000 to $65,000.  The Company
has also entered into new  entertainment  contracts with Mike Radford and Jimmie
Rodgers,  which  increase  their royalty  share of revenues  generated by ticket
sales to their performances.

LIQUIDITY AND CAPITAL RESOURCES

As of June 30, 2000 current assets totaled $488,338,  while current  liabilities
totaled $856,268. The Company's current ratio at June 30, 2000 was .57 to 1.00.

During the quarter ended June 30, 2000, the company  borrowed  $100,000 from Ms.
Ann Bluto,  a director of the Company.  The loan bears interest at prime plus 1%
and is due September 30, 2000. Proceeds of the loan were used to provide working
capital for the Company.

On July 24,  2000,  the  Company  refinanced  its  existing  line of credit  and
existing  long term debt with a new line of credit in the amount of $200,000 and
a new term loan in the amount of  $4,676,203.  The proceeds of the term loan are
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.  No  borrowings  were made under the line of credit  during the reporting
quarter.  The line of credit and the term loan are  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,  cash flow from
operations, and available sources of borrowings including the line of credit and
the restructured term loan.












                                       -7-
<PAGE>



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.

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 period ended December 31, 1999 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.















                                       -8-

<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 Information
                  -----------------

                  On July 24, the Company refinanced its existing debt with Bank
                  of  America,  N.A.,  providing  the  Company  with a  $200,000
                  Revolving  Note due  June 15,  2001,  advances  on which  bear
                  interest at the prime rate plus 1%, and a Term Note and Credit
                  Agreement in the  principal  amount of up to  $4,676,203.  The
                  Term Note is amortized  with  monthly  payments and matures on
                  June 30,  2013.  The  interest  rate on the Term Note is prime
                  rate plus or minus .25% determined by certain financial ratios
                  of the  Company.  However,  the Company  has  entered  into an
                  interest rate  transaction  with Bank of America,  N.A. to fix
                  the  interest  rate at 10.4% during the first six years of the
                  Term Note. Proceeds of the Term Note will be used to refinance
                  existing indebtedness and to finance the construction of three
                  new theaters and additional  parking  related  thereto and the
                  remodeling of the restaurant area adjacent to the theaters.

                  The  Revolving  Note and the Term Note are secured by a Future
                  Advance  and  Future  Obligation  Leasehold  Deed of Trust,  a
                  Leasehold Deed of Trust,  Assignment of Rents and leases and a
                  Security Agreement.









                                       -9-
<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 the
                          Company  (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 the Bank of America  (successor to
                          Boatman's   Bank),   the  Company   (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 Bank
                          of America,  Branson, Missouri (successor to Boatman's
                          Bank),  (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 the Bank of America  (successor  to  Boatman's
                          Bank) 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.

                  10.14   Ground Lease Agreement dated December 18, 1999 between
                          Treasure  Lake RV Resort  Camping  Club,  Inc. and the
                          Company.

                  10.15   Second Amended and Restated  Revolving Note dated July
                          24,  2000  between  Bank  of  America,  N.A.  and  the
                          Company.

                  10.16   Amended and  Restated  Term Note and Credit  Agreement
                          dated July 24, 2000 between Bank of America,  N.A. and
                          the Company.

                  10.17   Amendment   No.  4  to  Future   Advance   and  Future
                          Obligation  Leasehold Deed of Trust by and between the
                          Company and Bank of America, N.A. dated July 24, 2000.

                                      -10-
<PAGE>

                  10.18   Amendment No. 2 to Leasehold Deed of Trust, Assignment
                          of Rents and  Leases  and  Security  Agreement  by and
                          between the Company  and Bank of America,  N.A.  dated
                          July 24, 2000.

                  10.19   Amendment  to Security  Agreement  dated July 24, 2000
                          between Bank of America, N.A. and the Company.

                  27.1    Financial  Data  Schedule  for the 6 months ended June
                          30, 2000


                  B.      Reports on Form 8-K:

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













                                      -11-
<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              8/13/00                         /s/ Paul M. Bluto
----              -------                         ------------------
                                                  Paul M. Bluto
                                                  Chairman and
                                                  Principal Financial Officer
                                                  Chief Executive Officer




Date              8/13/00                         /s/ Paul E. Rasmussen
----              -------                         ---------------------
                                                  Paul E. Rasmussen
                                                  President
                                                  Chief Operating Officer




                                      -12-

<PAGE>