UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

(Mark one)

/X/      QUARTERLY  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE  SECURITIES
         EXCHANGE ACT OF 1934

         For the quarterly period ended June 30, 1999

                                       OR

/ /      TRANSITION  REPORT  PURSUANT  TO SECTION 13 OR 15(d) OF THE  SECURITIES
         EXCHANGE ACT OF 1934

         For the transition period from ________to________

                           Commission File No. 0-21324

                             TRINITECH SYSTEMS, INC.
             (Exact name of registrant as specified in its charter)

            NEW YORK                                   06-1344888
     (State of incorporation)            (I.R.S. Employer identification number)

333 LUDLOW STREET, STAMFORD, CONNECTICUT                     06902
(Address of principal executive offices)                  (Zip Code)

       Registrant's telephone number, including area code: (203) 425-8000

                            ------------------------

            Indicate  by check mark  whether  the  registrant  (1) has filed all
reports  required to be filed by Section 13 or 15(d) of the Securities  Exchange
Act of 1934 during the preceding 12 months (or for such shorter  period that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. Yes /X/ No / /


9,480,017  shares of Common  Stock were  issued and  outstanding  as of July 16,
1999.

<PAGE>
Trinitech Systems, Inc.

FORM 10-Q
   For the quarterly period ended June 30, 1999


CONTENTS                                                                   PAGE

PART I.        FINANCIAL INFORMATION

   Item 1.     Financial Statements

               Condensed consolidated balance sheets as of June 30, 1999
               (unaudited) and December 31, 1998                             3

               Condensed consolidated statements of operations
               (unaudited) for the three month and six month
               periods ended June 30, 1999 and 1998                          4

               Condensed consolidated statements of cash flows
               (unaudited) for the six month periods ended
               June 30, 1999 and 1998                                        5

               Notes to condensed consolidated financial
               statements (unaudited)                                        6

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

PART II.    OTHER INFORMATION                                               15


                                       2
<PAGE>
                     TRINITECH SYSTEMS, INC. AND SUBSIDIARY

                      CONDENSED CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>

                                                                     June 30,       December 31,
ASSETS                                                                1999             1998
                                                                      ----             ----
                                                                  (Unaudited)          (a)
CURRENT ASSETS:
<S>                                                             <C>              <C>
    Cash and cash equivalents                                   $  1,504,946     $  3,948,004
    Accounts receivable - less allowance of
    $122,952 and $92,986, respectively                             5,267,943        3,417,418
    Inventories, net                                               1,241,254        1,279,302
    Prepaid expenses and other current assets                        500,463          283,912
    Receivable from officers                                         131,036          120,583
                                                                ------------     ------------
                      Total Current Assets                         8,645,642        9,049,219

EQUIPMENT, net of accumulated depreciation of $1,954,513 and
   $1,453,882, respectively
                                                                   4,300,306        2,854,131

OTHER ASSETS                                                       1,503,688        1,094,169
                                                                ------------     ------------
                      TOTAL                                     $ 14,449,636     $ 12,997,519
                                                                ============     ============
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
    Accounts payable                                            $  1,283,234     $    873,817
    Accrued expenses                                                 741,244          635,943
    Advance billings                                               2,062,333        1,489,057
    Payroll and other taxes payable                                   88,203           79,953
                                                                ------------     ------------
                      Total Current Liabilities                    4,175,014        3,078,770

LONG TERM DEBT                                                     1,800,000        1,800,000
                                                                ------------     ------------
                      Total Liabilities                            5,975,014        4,878,770
                                                                ------------     ------------
COMMITMENTS AND CONTINGENCIES                                           --               --

STOCKHOLDERS' EQUITY:
    10% Convertible preferred stock -
      par value $1.00; 1,000,000 shares
      authorized; -0- issued and outstanding                            --               --
    Common stock - par  value $.001;  15,000,00 authorized;
      9,479,517 and 9,408,530 shares issued and outstanding,
      respectively                                                     9,480            9,409
    Warrants                                                         152,675          125,513
    Additional paid-in capital                                    15,009,893       14,767,116
    Accumulated deficit                                           (6,150,022)      (6,330,364)
    Due from officers and directors                                 (547,404)        (452,925)
                                                                ------------     ------------
                      Total Stockholders' Equity                   8,474,622        8,118,749
                                                                ------------     ------------
                      TOTAL                                     $ 14,449,636     $ 12,997,519
                                                                ============     ============
</TABLE>

(a) The balance  sheet at December  31, 1998 has been  derived  from the audited
financial statements at that date.

The accompanying notes to the condensed consolidated financial statements are an
integral part of these statements.


                                       3
<PAGE>
                     TRINITECH SYSTEMS, INC. AND SUBSIDIARY

           CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

<TABLE>
<CAPTION>

                                                          Three Month      Three Month     Six Month        Six Month
                                                          Period Ended     Period Ended  Period Ended     Period Ended
                                                         June 30, 1999    June 30, 1998  June 30, 1999   June 30, 1998
                                                         -------------    -------------  -------------   -------------
REVENUES:
<S>                                                      <C>             <C>             <C>             <C>
Sales                                                    $ 1,041,267     $   728,657     $ 1,874,506     $ 1,137,458
Subscription Revenue                                       1,575,478         503,033       2,726,050         835,491
Service Contracts                                            424,821         329,857         846,172         628,874
                                                         -----------     -----------     -----------     -----------
      Total Revenues                                       3,041,566       1,561,547       5,446,728       2,601,823

COST OF RECURRING CONTRACTS and SALES                        976,949         604,336       1,639,840       1,067,650
                                                         -----------     -----------     -----------     -----------
GROSS PROFIT                                               2,064,617         957,211       3,806,888       1,534,173
                                                         -----------     -----------     -----------     -----------
EXPENSES:
Selling, general and administrative                        1,732,643       1,513,398       3,296,717       2,971,622
Depreciation                                                 142,398          87,751         271,010         168,632
Amortization                                                   4,852           4,595           9,705           9,190
                                                         -----------     -----------     -----------     -----------
      Total Expenses                                       1,879,893       1,605,744       3,577,432       3,149,444
                                                         -----------     -----------     -----------     -----------
EARNINGS (LOSS) FROM OPERATIONS                              184,724        (648,533)        229,456      (1,615,271)

OTHER (EXPENSE) INCOME - NET                                 (26,884)         67,453         (38,639)         93,491
                                                         -----------     -----------     -----------     -----------
NET EARNINGS (LOSS) BEFORE PROVISION FOR INCOME TAXES        157,840        (581,080)        190,817      (1,521,780)

PROVISION FOR INCOME TAXES                                     7,675           3,920          10,475           4,220
                                                         -----------     -----------     -----------     -----------
NET EARNINGS (LOSS)                                      $   150,165     $  (585,000)    $   180,342     $(1,526,000)
                                                         ===========     ===========     ===========     ===========
BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE       $      0.02     $     (0.07)    $      0.02     $     (0.18)
                                                         ===========     ===========     ===========     ===========
BASIC WEIGHTED AVERAGE COMMON SHARES OUTSTANDING           9,427,059       8,709,030       9,421,104       8,647,530
                                                         ===========     ===========     ===========     ===========
</TABLE>


The accompanying notes to the condensed consolidated financial statements are an
integral part of these statements.

                                       4
<PAGE>
                     TRINITECH SYSTEMS, INC. AND SUBSIDIARY


           CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

<TABLE>
<CAPTION>
                                                                       Six Month       Six Month
                                                                     Period Ended    Period Ended
                                                                       June 30,        June 30,
                                                                        1999            1998
                                                                        ----            ----

<S>                                                                <C>             <C>
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES                $    74,245     $  (636,035)
                                                                   -----------     -----------


INVESTING ACTIVITIES:
    Payments for equipment, net of retirements                      (1,946,805)       (620,263)
    Payments for other assets                                         (718,867)       (405,578)
                                                                   -----------     -----------

                      Net cash used in investing activities         (2,665,672)     (1,025,841)
                                                                   -----------     -----------

FINANCING ACTIVITIES:
    Proceeds from line of credit                                          --           500,000
    Repayment of borrowings                                               --          (179,285)
    Issuance of common stock                                           148,369         748,875
                                                                   -----------     -----------

                      Net cash provided by financing activities        148,369       1,069,590
                                                                   -----------     -----------

DECREASE IN CASH AND CASH EQUIVALENTS                               (2,443,058)       (592,286)
                                                                   -----------     -----------

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                       3,948,004       2,141,307
                                                                   -----------     -----------

CASH AND CASH EQUIVALENTS, END OF PERIOD                           $ 1,504,946     $ 1,549,021
                                                                   ===========     ===========
</TABLE>


The accompanying notes to the condensed consolidated financial statements are an
integral part of these statements.


                                       5
<PAGE>

TRINITECH SYSTEMS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)


1.          BASIS OF PRESENTATION

            The  accompanying   unaudited   condensed   consolidated   financial
            statements have been prepared in accordance with generally  accepted
            accounting principles for interim financial information and with the
            instructions  to  Form  10-Q.  In the  opinion  of  management,  all
            adjustments, which comprise normal and recurring accruals considered
            necessary for a fair  presentation,  have been  included.  Operating
            results for the three and  six-month  period ended June 30, 1999 are
            not  necessarily  indicative of the results that may be expected for
            the year ending December 31, 1999. For further information, refer to
            the consolidated financial statements and footnotes thereto included
            in the  Company's  annual  report on Form  10-KSB for the year ended
            December 31, 1998.

            Certain 1998 balances have been  reclassified to conform to the 1999
            presentation.

2.          PER SHARE INFORMATION

            The  Company's  basic  EPS  is  calculated  based  on  net  earnings
            available to common shareholders and the weighted-average  number of
            shares outstanding during the reported period.  Diluted EPS includes
            additional  dilution  from common stock  equivalents,  such as stock
            issuable  pursuant  to the  exercise  of  stock  options  and  stock
            warrants.
<TABLE>
<CAPTION>

                                                                       Three Month                  Six Month
                                                                       Period Ended                Period Ended
                                                                ------------------------     --------------------------
                                                                June 30,        June 30,      June 30,        June 30,
                                                                  1999           1998           1999            1998
                                                                  ----           ----           ----            ----


<S>                                                             <C>           <C>            <C>            <C>
              Net Earnings (Loss)                               $  150,165    $  (585,000)   $  180,342     $(1,526,000)
                                                                ==========    ===========    ==========     ===========

              Basic Weighted Average Shares Outstanding          9,427,059      8,709,030     9,421,104       8,647,530
                   Dilutive Options                                415,540            -         353,344            -
                   Dilutive Warrants                                86,661            -          86,661            -
                                                               -----------     ----------     ---------      ===========
              Dilutive Weighted Average Shares Outstanding       9,929,260      8,709,030     9,861,109       8,647,530
                                                               ===========     ==========     =========      ===========

              Dilutive Earnings (Loss) per Common Share              $0.02         $(0.07)        $0.02         $(0.18)
                                                               ===========      =========     =========      ==========
</TABLE>


Stock options and warrants were excluded from the earnings per share calculation
for the three and six month period  ended June 30, 1998 since the amounts  would
be anti-dilutive.

                                       6

<PAGE>

3.          INCOME TAXES

            The Company's projected annual Federal income tax provision has been
            offset through the utilization of net operating loss  carryforwards.
            The Company's  income tax provision  consists of estimated state and
            local income taxes.


4.          INVENTORIES

            Inventories are stated at the lower of cost (first-in, first-out) or
            market. Inventories consisted of the following:
<TABLE>
<CAPTION>

                                                           June 30,      December 31,
                                                            1999             1998
                                                            ----             ----

<S>                                                     <C>            <C>
                 Parts                                  $  799,290     $   823,429
                 Finished goods                            523,964         537,873
                 Less: allowance for obsolescence           82,000          82,000
                                                        ----------     -----------
                                       Total            $1,241,254     $ 1,279,302
                                                        ==========     ===========
</TABLE>

5.          IMPACT OF RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

            In June  1998,  the  Financial  Accounting  Standards  Board  issued
            Statement  of  Financial  Accounting  Standards  ("SFAS")  No.  133,
            "Accounting for Derivative Instruments and Hedging Activities." This
            statement establishes standards for the accounting and reporting for
            derivative  instruments and for hedging  activities and requires the
            recognition of all derivatives as assets or liabilities  measured at
            their fair value. Gains or losses resulting from changes in the fair
            value of  derivatives  would be recognized in earnings in the period
            of change unless certain hedging  criteria are met. The Company does
            not  expect  the  Statement  to  have  a  material   impact  on  the
            consolidated financial statements.  SFAS No. 133, as amended by SFAS
            No. 137, is  effective  for fiscal  years  beginning  after June 15,
            2000.

                                       7

<PAGE>
6.          BUSINESS SEGMENT INFORMATION

            In 1998,  the  Company  adopted  SFAS No.  131,  "Disclosures  about
            Segments of an  Enterprise  and Related  Information."  SFAS No. 131
            requires  that  segment data be  disclosed  based on how  management
            makes decisions about allocating resources to segments and measuring
            their performance.

            The Company has two principal business groups:  Equities and Futures
            & Options. The Equities Group operates primarily out of Stamford/New
            York offices,  while the Futures & Options  Group operate  primarily
            out of the London and Chicago offices.  However, each office has the
            opportunity to sell all of the Company's products. The Company views
            each office as its own business segment and measures its performance
            based on the revenues of each location.  The Company makes decisions
            on each segment based on gross profit.

            Information on reportable segments is as follows (in 000's):
<TABLE>
<CAPTION>

                                                            Three Month                                         Six Month
                                                            Period Ended                                      Period Ended
                                               ------------------------------------------      -------------------------------------
                                               June 30, 1999           June 30, 1998         June 30, 1999           June 30, 1998
                                               ------------------  ----------------------    ----------------------- ---------------
       Revenues:
<S>                                                 <C>                 <C>                      <C>                     <C>
          Stamford/New York                         $2,429              $859                     $4,107                  $1,480
          London                                       574               693                      1,298                   1,098
          Chicago                                       39                10                         42                      24
          Inter-Segment Sales                           21                 -                         21                       6
          Inter-Segment Elimination                    (21)                -                        (21)                     (6)
                                               ============  ================    ======================= =======================
       Total Revenues                               $3,042            $1,562                     $5,447                  $2,602
                                               ============  ================    ======================= =======================

       Gross Profit:
          Stamford/New York                         $1,560              $302                     $2,618                    $490
          London                                       470               647                      1,153                   1,027
          Chicago                                       35                 8                         36                      17
                                               ============  ================    ======================= =======================
       Gross Profit                                 $2,065              $957                     $3,807                  $1,534
                                               ============  ================    ======================= =======================
</TABLE>


7.          STOCK OPTION PLAN

            On March 30,  1999,  the Board of  Directors  formally  approved the
            second  amendment to the Amended and  Restated  1991  Incentive  and
            Nonqualified Stock Option Plan. Under this amendment,  the number of
            options  reserved  for issuance has been  increased  from  1,500,000
            shares to  2,500,000  shares of common  stock.  This  amendment  was
            approved at the Company's  Annual  Meeting of  Shareholders  held on
            June 7, 1999.


                                       8
<PAGE>
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS

The following  discussion and analysis  should be read in  conjunction  with the
consolidated  financial  statements  and notes thereto.  Historical  results and
percentage relationships are not necessarily indicative of the operating results
for any future period.

The Company  commenced its present  business  operations in January 1991 through
the acquisition of a software license for its  Guided-Input(R)  Touchpad system.
Since  that time,  the  Company  has  transitioned  from a hardware  vendor to a
software  development  company  focusing  exclusively  on  applications  for the
financial  marketplace.  The  Company  provides a complete  line of  workstation
products for the  financial  trading desk  environment  and its systems  provide
order  management and routing  software for firms engaged in financial  trading.
The Company currently offers its trading products  (integrated systems including
hardware and software)  together with linkage through its NYFIX data center. The
data center is a  communication  infrastructure  enabling the Company to provide
its customers with global  electronic  connectivity for order routing and allows
Trinitech to deploy and monitor its systems and services from a single location.
Customers  subscribe to various products,  paying a monthly fee per terminal for
the Company's  integrated software systems.  Most contracts provide the customer
with a basic system or  infrastructure,  via the Company's NYFIX data center and
are  entered  into by the  customer  with the  intention  to expand the level of
services   subscribed  to,  once  the  basic  system  and   infrastructure   are
operational.  Subscription  revenue  contracts  range  from  one to  three  year
periods. The Company begins recording  subscription revenue once installation is
complete.  In addition to significant  logistical  improvements  in delivery and
support of its products, the Company expanded its business to offer the industry
a central  electronic  meeting place between the buy-side and  sell-side,  while
simultaneously  providing  a  single  point of  universal  access  to  different
exchange floor environments.

Management  has made a  considerable  effort with respect to an expansion of its
operations,  development of various  trading systems and changes to its business
model to that of a  subscription-based  product  offering.  The Company believes
this    expansion   of   personnel,    facilities,    product    portfolio   and
subscription-based  model will  continue  to benefit  the Company and its future
growth.  In the previous model,  the Company would only receive revenue one time
for products or services  sold. It is important to note that this  transition is
causing  revenue to be recognized over a longer period of time than the previous
capital sales model.  Management  believes our  subscription  business model has
strengthened the Company's market share as well as its financial  position going
forward.

Revenues
Overall  revenue for the three months ended June 30, 1999 exceeded 1998 by 94.8%
from $1,561,547 to $3,041,566.  For the six months ended June 30, 1999,  revenue
grew, year-over-year, by 109.3%. Subscription revenue continued to show the most
improvement  by increasing  213.2% year over year for the three month period and
226.3% for the six month period.  Sales also showed improvement with a year over
year  increase of 42.9% for the three  months ended and 64.8% for the six months
ended,  primarily  as a result of strong  demand  for the  Company's  Order Book
Management  System ("OBMS") Futures and Options  products.  With the increase of
sales and  subscription  revenue,  service  contract  revenue has shown a modest
increase  of 28.8% year over year for the three  month  period and 34.6% for the
six month  period.  Revenue from export sales  approximated  $12,000 and $22,000
(less than 1% of  revenue)  during the three month and six month  periods  ended
June 30, 1999, respectively as compared to


                                       9

<PAGE>
approximately  $210,000 (less than 14% of revenue) and $218,000 (less than 9% of
revenue) during the comparable period in 1998.

Cost of Sales and Service and Gross Profit
The Company's cost of recurring contracts and sales are principally comprised of
labor, materials,  overhead,  subscription  communication lines, amortization of
capitalized  product  enhancement  costs and depreciation of  subscription-based
equipment.  Gross profit,  as a percentage  of total  revenue was  approximately
67.9% and 69.9% for the three month and six month  period  ended June 30,  1999,
respectively,  as compared to 61.3% and 59.0% for the same time periods in 1998,
respectively. The increase in gross profit percentage experienced by the Company
during the three and six months ended June 30, 1999  principally  resulted  from
the change in product mix. The Company obtains its materials and supplies from a
variety of vendors in the US and Far East. During the three and six months ended
June 30, 1999, the Company did not experience any significant price increases in
its component parts purchased. Included in cost of sales is amortization expense
for product  enhancement  costs of  approximately  $167,200 and $299,700 for the
three and six month  periods  ended June 30, 1999  respectively,  as compared to
$110,000 and $206,000 for the same periods in 1998, respectively.  Also included
in cost of sales is  depreciation  expense for  subscription  based equipment of
approximately  $126,300 and $229,600 for the three and six month  periods  ended
June 30, 1999  respectively,  as compared to $62,000 and  $118,000  for the same
periods in 1998, respectively.

Selling, General and Administrative
Selling, general and administrative expenses for the three and six month periods
ended June 30, 1999 were approximately  $1,733,000 and $3,297,000 as compared to
$1,513,000  and  $2,972,000  in the  comparable  periods in 1998, an increase of
14.5% and 10.9%, respectively.  Part of the increase in expenses for the Company
is from continuing  expansion of the  development  teams both in the U.S. and in
London.  The expansion in development  efforts relates to the Company's plans of
providing an increased number of product  enhancements as well as new additional
services. As a result, the Company experienced increases in salaries and related
personnel  costs,  travel  expenses and various office  expenses.  The Company's
recruitment  effort  continues to strengthen  the Company's  infrastructure  and
position the Company to respond to increasing market and revenue  opportunities.
Management  believes that the continued  investment in  development of the NYFIX
data center,  and its  services,  are  designed to better  leverage the existing
products together with providing  additional sources of revenue. The Company has
continued its marketing programs in 1999 primarily focusing on representation at
technology exhibitions planned throughout the year. The Company will continue to
expand these programs throughout 1999. Research and development (new explorative
research)  expenses for the three months and six months ended June 30, 1999 were
approximately  $17,000 and $144,000,  respectively,  as compared to $175,000 and
$343,000  for the  comparable  periods in 1998 (a  decrease  of 90.3% and 58.0%,
respectively) and are included in selling,  general and administrative expenses.
The  decrease  resulted  from  the  continuation  of  the  Company's   strategy,
incorporated  during 1998, to balance resources between research and development
and product enhancements, which strengthens our existing product lines.

Depreciation
Depreciation expense for the three and six month periods ended June 30, 1999 was
approximately  $142,000  and $271,000 as compared to $88,000 and $169,000 in the
comparable periods in 1998, an increase of 61.4% and 60.4%,  respectively.  Such
increases   principally  reflect  the  continued  investment  in  the  Company's
infrastructure in its state-of-the-art NYFIX data center on Wall Street.

                                       10

<PAGE>
Other (Expense) Income
Financing  and  interest  expense  increased  in the first three  months of 1999
principally because of higher balances  outstanding on the Company's new line of
credit.

Other  income  consists of interest  income  earned on cash  balances  and notes
receivable.  Interest  income for the three and six month periods ended June 30,
1999 approximated  $23,000 and $61,000 as compared to $17,000 and $43,000 in the
same periods in 1998, an increase of 35.3% and 41.9%, respectively. The increase
in interest  income was  principally  because of higher  average  cash  balances
maintained  by the Company  during the three and six months  ended June 30, 1999
versus the comparable period in 1998.

Net Earnings (Loss)
Net earnings  for the three  months  ended June 30, 1999 was $150,165  ($.02 per
basic and diluted common share)  compared to a net loss of $585,000  ($(.07) per
basic and diluted  common  share) for the three months ended June 30, 1998.  Net
earnings for the six months ended June 30, 1999 was $180,342 ($.02 per basic and
diluted common share) compared to a net loss of $1,526,000 ($(.18) per basic and
diluted  common share) for the six months ended June 30, 1998.  The net earnings
principally resulted from the higher level of revenues, stable product costs and
minimal increases in Selling, General and Administrative expenses.

Management  has made a  considerable  effort with respect to an expansion of its
operations,  development  of various  trading  systems  which  began in 1993 and
continues   into  1999  and  changes  to  its  business   model  to  that  of  a
subscription-based product offering. The Company believes that this expansion of
personnel,  facilities,  product  portfolio  and  subscription-based  model  has
positioned the Company to facilitate its future growth.

Liquidity and Capital Resources

The Company's  primary source of liquidity has been equity capital and drawdowns
from its line of credit.  Since the commencement of operations,  the Company has
raised  approximately  $13.3 million of working  capital through various private
placements  of its  securities.  At June 30, 1999,  cash  balances  decreased to
$1,504,946  from  $3,948,004  at December 31, 1998 as a result of the  Company's
working  capital  needs  and  continued  desire  to  strengthen  its  NYFIX  and
subscription infrastructure.

The Company's  current assets at June 30, 1999 exceeded its current  liabilities
by approximately  $4,471,000 million. The Company at June 30, 1999 had long-term
debt totaling  $1,800,000,  which represents amounts drawn down from its line of
credit. See discussion below. In addition,  at June 30, 1999, the Company had no
material commitments for capital expenditures or inventory purchases.

On July 13,  1998,  the  Company  entered  into a three year $3 million  line of
credit agreement (the "Agreement") with a financial institution with advances on
such  agreement  available  to the  Company  during  the  first 18  months.  The
Agreement  is  primarily  intended  to finance  existing  and  future


                                       11
<PAGE>

equipment expenditures.  The Agreement bears interest at either LIBOR plus 1.25%
or the Bank's Prime rate. The rate used is management's discretion.  The Company
drew down an aggregate of $1,800,000 under the agreement during 1998 ($1 million
at the nine month LIBOR rate plus 1.25% (7%),  $500,000 at the 30 day LIBOR rate
plus 1.25%  (6.78%) and $300,000 at the Bank's Prime rate (8%)).  The  Agreement
requires  monthly  payments of interest only until  January 30, 2000.  Principal
drawdowns  under the Agreement can not be prepaid in the first eighteen  months.
Repayment  of  principal   commences  on  July  30,  2000  with  twelve  monthly
installments  of $83,333  with the  remaining  balance due on July 30,  2001.  A
Company shareholder and the Company's  president  personally secure the debt. In
consideration  for securing the Agreement,  the said  shareholder  and president
received  150,000 and 25,000  warrants  respectively,  to purchase the Company's
common stock at $6.375 per share,  which was the market  value of the  Company's
common  stock on the date such  warrants  were  issued.  Expense  related to the
warrants  issued to the  non-employee  shareholder  will be recognized  over the
three-year term of the Agreement.

In  association  with  obtaining  the $3 million  line of credit  facility,  the
Company  terminated its previous $500,000 line of credit agreement (revised from
$1 million  line of credit  agreement  in June 1998) and repaid all  outstanding
term loans.

The Company  believes  that with its available  capital,  including the proceeds
from the  November  1998  private  placement,  the line of credit  facility  and
anticipated  funds  generated  from  operations it will be able to fund its cash
needs  through  the end of 1999  without  the need  for  additional  capital  or
financing.  The Company  intends to utilize  its  projected  positive  financial
position  to  internally   finance  its  continuing   research  and  development
activities and anticipated sales growth.  The Company's  financial  requirements
and its  ability  to meet them  thereafter  will  depend  largely  on its future
financial performance.  However, in the event the Company's operations grow more
rapidly  than  anticipated  and do not  generate  cash to the  extent  currently
anticipated by management of the Company,  it is possible that the Company could
require  additional  funds beyond 1999. At this time,  the Company does not know
what sources, if any, would be available to it for such funds, if required.

In addition,  the Company has warrants  outstanding  for the purchase of 273,250
shares of its  Common  Stock.  Assuming  the  exercise  of all such  outstanding
Warrants, the Company would receive approximately $1,623,000 in gross proceeds.

Working Capital
At June 30, 1999 and  December  31,  1998 the  Company  had  working  capital of
approximately  $4,471,000 and $5,970,000,  respectively.  The Company's  present
capital  resources  include proceeds from its November 1998 private placement of
Common Stock and drawdowns from its bank credit facility.

Cash Provided by / Used in Operating Activities
During the six months ended June 30, 1999,  net cash provided by operations  was
approximately  $74,000 as  compared to net cash used in  operations  for the six
months ended June 30, 1998 of approximately $636,000.

Cash Used in Investing Activities
During the six months  ended June 30, 1999 and 1998,  net cash used in investing
activities  was  approximately  $2,666,000  and  $1,026,000,  respectively,  and
principally  represents  payments for the

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<PAGE>

purchases of equipment  related to the  Company's  data center and  subscription
equipment and payments  related to product  enhancement  costs for the Company's
product portfolio.

Proceeds From Financing Activities
During the six months  ended June 30,  1999 and 1998,  proceeds  from  financing
activities  were  approximately  $148,000  and  $1,070,000,   respectively.  The
decrease is primarily  attributable  to a decrease in the number of Common Stock
options and warrants  exercised during the six month period ended June 30, 1999.
During that period 18,400 options and 52,587 warrants were exercised as compared
to 154,500  options and 75,500  warrants for the six month period ended June 30,
1998.

Year 2000 Compliance

Overview. The Company is aware of industry wide issues related to Year 2000 that
are associated with the programming  code in computer  systems.  Systems that do
not properly  recognize the Year 2000 could  generate  erroneous data or cause a
system to fail.  The Company has developed a Year 2000 plan for our customers as
well as for our internal needs,  consisting of several phases which include risk
assessment,  manual and automated review of programming code,  baseline testing,
unit testing, integrated testing and a review of third party products.

Customers.  The Company  participated in industry wide Year 2000 testing between
March  through  April of 1999.  The  objective  of these tests was to ensure our
customer base is in full Year 2000 compliance before the end of the year. All of
these tests were  successful.  To date, the Company has already issued Year 2000
enhancements  to our  customers.  The Company  does not  envision  that  further
industry wide tests will reveal any significant software errors. However, should
there be unforeseen  problems,  the Company has  established a Year 2000 Quality
Assurance Team that will stay in place well into the Year 2000.

The  Company  estimates  that the most  likely  worst case  scenario  would be a
failure of  exchange  and  utility  systems  caused by an  unforeseen  Year 2000
complication.  Such a  condition  could  affect our  ability  and the ability of
brokerage  houses  and  other  service  providers  to  submit  order  executions
electronically.

Trinitech  Systems  can  not  assure  that  third-party  utilities  and  service
providers  will be in a position  to address an  unforeseen  concern in a timely
basis.  Failure of a third party to correct an issue could result in significant
loss of revenue,  cause  business  disruption,  a loss of  customers,  and could
materially affect our financial condition.

Were this  contingency to arise,  our application  programs would  automatically
alert  our  customers  that  the  exchange  or  utility  has  not   successfully
acknowledged  their orders. All of the exchanges and utilities have a documented
process for reporting  technical concerns and events. The Company is well versed
in following the procedures  established for reporting  technical  trouble.  The
Company would inform our customers to call in their orders via phone directly to
the exchange.

However,  at the time of this report and after extensive  testing with exchanges
and utilities,  the Company has not identified any Year 2000 compliance  problem
relating to our systems  that would harm our  business  operations  or financial
condition.

                                       13
<PAGE>

It is possible  that a significant  amount of litigation  will arise out of Year
2000 compliance  issues. The Company has established a workable plan and Quality
Assurance team to help minimize these risks. Because of the unprecedented nature
of such litigation,  it is uncertain whether such issues may affect the Company.
Therefore,  there can be no  assurances  that the  Company  will not  experience
serious  unanticipated  negative  consequences  and/or  material costs caused by
undetected  errors or defects in the technology  used in the Company's  internal
systems or in third party systems that the Company employs.

Internal needs.  The Company has identified and evaluated all internal  software
and  hardware  systems for Year 2000  compliance.  Vendors of such  systems were
contacted to document  compliance  and at the time of this  filing,  report that
critical facilities and equipment will not be affected by Year 2000 concerns. In
addition, the Company formulated and published contingency procedures.

The  Company is also  evaluating  Year 2000  compliance  of third  parties  that
provide  services  to the  Company,  such as  banking  and  payroll  processing.
Non-information   technology  systems  will  also  be  subjected  to  evaluation
including  building  support systems  provided by the lessors of our offices and
our telecommunications systems.

The costs  incurred  to date have  principally  been the payroll  related  costs
associated with the time spent by our personnel in  identifying,  evaluating and
testing  systems and  products.  To date,  the Company  has not  identified  any
systems  that  would  require  significant  expenditures  to  become  Year  2000
compliant  nor is the  Company  aware of any  significant  costs  that  would be
incurred as a result of ensuring the internal needs are Year 2000 compliant.

Seasonality
The Company  believes  that its  operations  are not  significantly  effected by
seasonality.

New Accounting Pronouncements
In June 1998, the Financial Accounting Standards Board issued Statement No. 133,
"Accounting for Derivative  Instruments and Hedging  Activities." This statement
establishes   standards  for  the   accounting   and  reporting  for  derivative
instruments  and for hedging  activities  and  requires the  recognition  of all
derivatives  as assets or  liabilities  measured at their fair  value.  Gains or
losses  resulting  from  changes  in the  fair  value  of  derivatives  would be
recognized in earnings in the period of change unless certain  hedging  criteria
are met.  We do not  expect  the  Statement  to have a  material  impact  on our
consolidated financial statements.  SFAS No. 133, as amended by SFAS No. 137, is
effective for fiscal years beginning after June 15, 2000.


                                       14
<PAGE>
PART II

OTHER INFORMATION

     Item 4.      SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

                  The Annual Meeting of  Shareholders of the Company was held on
                  June 7, 1999.  Votes were cast with  respect to the  Proposals
                  described in the Proxy  Statement  (filed with the  Securities
                  and Exchange  Commission and incorporated herein by reference)
                  as follows:

                  Proposal 1 - Election of Directors for a term of one year.

                          Name                   For            Withheld Vote
                          ----                   ---            -------------

                    Peter K. Hansen            8,104,639           201,925
                    John H. Chapman            8,105,739           201,925
                    Craig M. Shumate           8,103,639           201,925
                    Carl E. Warden             8,105,639           201,925

                  Proposal 2 - To ratify the  appointment of Arthur Andersen LLP
                  as auditors of the corporation for the year 1999.

                    For                        8,262,974
                    Against                       31,300
                    Abstain                       13,390

                  Proposal 3 - To approve an amendment to the Company's  Amended
                  and Restated  1991  Incentive  and  Nonqualified  Stock Option
                  Plan.

                    For                        3,787,570
                    Against                      557,361
                    Abstain                       69,799
                    Non-vote                   3,892,934

     Item 6.      EXHIBITS AND REPORTS ON FORM 8-K.

           (a)    EXHIBITS

                  27    Financial    Data    Schedule,    which   is   submitted
                        electronically to the Securities and Exchange Commission
                        for information purposes only and not filed.

           (b)    REPORTS ON FORM 8-K

                  None

                                       15
<PAGE>
                                   SIGNATURES

      Pursuant to 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.




                             Trinitech Systems, Inc.
                                           (Registrant)



                             By:/s/  Richard A. Castillo
                                     -------------------------------
                                     Richard A. Castillo
                                     Chief Financial Officer and Secretary
                                     (Principal Financial and Accounting
                                     Officer)





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