UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

                   QUARTERLY REPORT UNDER SECTION 13 OR 15(d)

                     OF THE SECURITIES EXCHANGE ACT OF 1934


For Quarter Ended December 26, 1998                  Commission File No. 0-06882


                              URT INDUSTRIES, INC.
             (Exact Name of Registrant as Specified in Its Charter)


                     Florida                                 59-1167907
(State or Other Jurisdiction of Incorporation or      (I.R.S. Employer I.D. No.)
                  Organization)


1180 E Hallandale Beach Blvd., Hallandale, FL                   33009
  (Address of Principal Executive Offices)                   (Zip Code)


Registrant's telephone number, including area code: (954) 454-5554


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  registrants  were
required  to file  such  reports),  and  (2)  has  been  subject  to the  filing
requirements for at least the past 90 days.

                                 YES _X_ NO ___


Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock as of the latest practicable date.


At March 8, 1999, there were outstanding:


10,857,068 shares of Class A common stock

1,301,141 shares of Class B common stock



<PAGE>

                      URT INDUSTRIES, INC. AND SUBSIDIARIES

                                      Index


PART I. FINANCIAL INFORMATION
          
<TABLE>
<CAPTION>
     Item 1.  Financial Statements

<S>                                                                                               <C>
          Condensed Consolidated Balance Sheets -
          December 26, 1998 (Unaudited) and March 28, 1998                                         3

          Condensed Consolidated Statements of Operations and Retained
          Deficit - Three Months Ended December 26, 1998 and December 27, 1997 (Unaudited)         4

          Condensed  Consolidated  Statements of Operations and Retained Deficit - Nine Months
             Ended December 26, 1998 and December 27, 1997 (Unaudited)                             5

          Condensed Consolidated Statements of Cash Flows -
          Nine Months Ended December 26, 1998 and December 27, 1997 (Unaudited)                    6

          Notes to Condensed Consolidated Financial Statements                                     8

     Item 2.  Management's Discussion and Analysis of Financial Condition and
                  Results of Operations                                                           11

PART II. OTHER INFORMATION

     Item 6.  Exhibits and Reports on Form 8-K                                                    14

SIGNATURES                                                                                        15
</TABLE>

                                       2

<PAGE>

PART I - FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements

                      URT INDUSTRIES, INC. AND SUBSIDIARIES

                      Condensed Consolidated Balance Sheets

                      December 26, 1998 and March 28, 1998

<TABLE>
<CAPTION>
                                  Assets                          December 26,    March 28,
                                                                      1998          1998
                                                                  -----------    -----------
                                                                  (unaudited)
<S>                                                               <C>            <C>        
Current assets:
    Cash and cash equivalents                                     $ 1,870,908    $ 1,281,098
    Marketable investment securities                                  590,664      1,032,740
    Inventories                                                     2,821,832      2,433,433
    Current portion due from officers/shareholders                     45,302         45,302
    Prepaid expenses and other current assets                         336,068        387,048
                                                                  -----------    -----------

                  Total current assets                              5,664,774      5,179,621

Property and equipment, net                                         1,358,404      1,364,333
Due from officers/shareholders                                          8,916         37,722
Other assets                                                          204,939        201,652
                                                                  -----------    -----------

                                                                  $ 7,237,033    $ 6,783,328
                                                                  ===========    ===========
                   Liabilities and Shareholders' Equity

Current liabilities:
    Current portion of long-term obligations                          493,436        732,319
    Accounts payable                                                3,033,582      2,014,674
    Accrued liabilities                                             1,094,939        901,325
                                                                  -----------    -----------

                  Total current liabilities                         4,621,957      3,648,318

Long-term obligations                                                 488,625        578,127
Deferred rent                                                          61,911         62,834
Minority interest in a subsidiary                                      90,436         27,296
                                                                  -----------    -----------

                  Total liabilities                                 5,262,929      4,316,575
                                                                  -----------    -----------

Shareholders' equity:
    Common stock, $.01 par value; 30,000,000 shares authorized;
       15,317,454 shares issued                                       153,175        153,175
    Additional paid-in capital                                      5,542,152      5,542,152
    Retained deficit                                               (2,716,920)    (2,210,239)
    Accumulated other comprehensive income - net unrealized
       appreciation on investment securities                           14,032             --
                                                                  -----------    -----------

                                                                    2,992,439      3,485,088

    Treasury stock, 3,159,245 common shares, at cost               (1,018,335)    (1,018,335)
                                                                  -----------    -----------

                  Total shareholders' equity                        1,974,104      2,466,753

Commitments and contingencies
                                                                  -----------    -----------

                                                                  $ 7,237,033    $ 6,783,328
                                                                  ===========    ===========
</TABLE>

See accompanying notes to condensed consolidated financial statements.

                                       3

<PAGE>

                      URT INDUSTRIES, INC. AND SUBSIDIARIES

      Condensed Consolidated Statements of Operations and Retained Deficit

           Three months ended December 26, 1998 and December 27, 1997
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                             December 26,   December 27,
                                                                 1998           1997
                                                             -----------    -----------
<S>                                                          <C>            <C>        
Net sales                                                    $ 5,331,522    $ 5,116,742
                                                             -----------    -----------

Costs and expenses:
Cost of sales                                                  3,141,285      3,156,675
Selling, general and administrative expenses                   1,890,707      1,725,403
Depreciation and amortization                                     59,014         66,996
                                                             -----------    -----------

                                                               5,091,006      4,949,074


Income from operations                                           240,516        167,668
                                                             -----------    -----------

Other (expense) income:
Interest expense                                                 (24,377)       (41,200)
Interest income                                                    6,387         18,793
Other income                                                      39,245             --
                                                             -----------    -----------

                                                                  21,255        (22,407)
                                                             -----------    -----------

Income before minority interest                                  261,771        145,261

Minority interest in net income of consolidated subsidiary        50,416         16,638
                                                             -----------    -----------

Net income                                                       211,355        128,623

Retained deficit, beginning of period                         (2,928,275)    (2,166,716)
                                                             -----------    -----------

Retained deficit, end of period                               (2,716,920)    (2,038,093)
                                                             ===========    ===========

Basic and diluted earnings per share                         $      0.02    $      0.01
                                                             ===========    ===========
</TABLE>


See accompanying notes to condensed consolidated financial statements.

                                       4

<PAGE>

                      URT INDUSTRIES, INC. AND SUBSIDIARIES

      Condensed Consolidated Statements of Operations and Retained Deficit

            Nine months ended December 26, 1998 and December 27, 1997
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                                    December 26,     December 27,
                                                                        1998             1997
                                                                    ------------    ------------

<S>                                                                 <C>             <C>         
Net sales                                                           $ 13,126,196    $ 13,049,605
                                                                    ------------    ------------

Costs and expenses:
    Cost of sales                                                      7,796,882       8,057,685
    Selling, general and administrative expenses                       5,633,225       5,419,910
    Depreciation and amortization                                        176,523         200,988
                                                                    ------------    ------------

                                                                      13,606,630      13,678,583


         Loss from operations                                           (480,434)       (628,978)
                                                                    ------------    ------------

Other (expense) income:
    Interest expense                                                     (81,764)       (130,592)
    Interest income                                                       31,412          81,400
    Other income                                                          39,245              --
                                                                    ------------    ------------

                                                                         (11,107)        (49,192)

         Loss before reorganization costs and minority interest         (491,541)       (678,170)

Reorganization costs:
    Professional fees                                                         --         (44,000)
                                                                    ------------    ------------

         Loss before minority interest                                  (491,541)       (722,170)

Minority interest in net income (loss) of consolidated subsidiary         15,140         (19,454)
                                                                    ------------    ------------

         Net loss                                                       (506,681)       (702,716)

Retained deficit, beginning of period                                 (2,210,239)     (1,335,377)
                                                                    ------------    ------------

Retained deficit, end of period                                     $ (2,716,920)   $ (2,038,093)
                                                                    ============    ============

         Basic and diluted loss per share                           $      (0.04)   $      (0.06)
                                                                    ============    ============
</TABLE>


See accompanying notes to condensed consolidated financial statements.

                                       5

<PAGE>

                      URT INDUSTRIES, INC. AND SUBSIDIARIES

                 Condensed Consolidated Statements of Cash Flows

            Nine months ended December 26, 1998 and December 27, 1997
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                   December 26,   December 27,
                                                                                       1998           1997
                                                                                   -----------    -----------
<S>                                                                                <C>            <C>         
Cash flows from operating activities:
    Net loss                                                                       $  (506,681)   $  (702,716)
                                                                                   -----------    -----------

    Adjustments  to  reconcile  net  loss  to net  cash  provided  by  operating
        activities:
         Depreciation and amortization                                                 176,523        200,988
         Deferred rent                                                                    (923)       (87,492)
         Minority interest in net income (loss) of consolidated
            subsidiary                                                                  63,140        (19,454)
         Change in assets and liabilities affecting cash flows from
            operating activities:
               (Increase) decrease in:
                  Inventories                                                         (388,399)        92,665
                  Prepaid expenses and other current assets                             50,980         14,374
                  Other assets                                                          (3,287)       (85,747)
               Increase (decrease) in:
                  Accounts payable                                                   1,018,908      1,047,229
                  Accrued liabilities                                                  193,614        123,746
                                                                                   -----------    -----------

                     Net cash provided by operating activities                         603,875        583,593
                                                                                   -----------    -----------

Cash flows from investing activities:
    Purchase of property and equipment                                                (170,594)       (61,385)
    Repayment of due from officers/shareholders                                         28,806         24,792
    Purchase of marketable investment securities                                    (1,032,621)    (2,624,267)
    Sales of marketable investment securities                                        1,488,729      1,506,756
                                                                                   -----------    -----------

                  Net cash provided by (used in) investing activities                  314,320     (1,154,104)
                                                                                   -----------    -----------

Cash flows from investing activities:
    Repayment of long-term debt                                                       (328,385)      (326,858)
                                                                                   -----------    -----------

                  Net cash used in financing activities                               (328,385)      (326,858)
                                                                                   -----------    -----------

                  Net increase in cash and cash equivalents                            589,810        897,369
</TABLE>


                                       6

<PAGE>

                      URT INDUSTRIES, INC. AND SUBSIDIARIES

           Condensed Consolidated Statements of Cash Flows (continued)

<TABLE>
<CAPTION>
                                                                                   December 26,   December 27,
                                                                                       1998           1997
                                                                                   -----------    -----------
<S>                                                                                <C>            <C>         
Cash and cash equivalents, beginning of period                                       1,281,098      3,130,516
                                                                                   -----------    -----------

Cash and cash equivalents, end of period                                           $ 1,870,908    $ 2,233,147
                                                                                   ===========    ===========

Supplemental disclosures of cash flow information:
    Cash paid during the period for interest                                       $    28,600    $   115,722
                                                                                   ===========    ===========
</TABLE>


See accompanying notes to condensed consolidated financial statements.

                                       7

<PAGE>

                      URT INDUSTRIES, INC. AND SUBSIDIARIES

              Notes to Condensed Consolidated Financial Statements

                     December 26, 1998 and December 27, 1997
                                   (Unaudited)

(1)  Basis of Financial Statement Presentation

     The accompanying unaudited condensed consolidated financial statements have
     been  prepared  in  accordance  with the  instructions  to Form  10-Q  and,
     therefore,  do not include all  footnotes and  information  necessary for a
     fair  presentation  of financial  position,  results of operations and cash
     flows in conformity with generally accepted accounting principles. However,
     in the opinion of management,  all adjustments  (consisting  only of normal
     recurring accruals) necessary for a fair presentation have been made.

     The  consolidated   financial   statements  include  the  accounts  of  URT
     Industries,   Inc.  (the  "Parent")  and  its  wholly  owned   nonoperating
     subsidiary,   and  its   majority-owned   operating   subsidiary,   Peaches
     Entertainment  Corporation  (87.5 percent of the outstanding stock of which
     was  owned  by the  Parent,  as of  December  26,  1998).  All  significant
     intercompany  accounts  have  been  eliminated.  Reference  to the  Company
     encompasses all or any of the aforementioned entities.

     It is suggested  that the  accompanying  unaudited  condensed  consolidated
     financial  statements be read in conjunction with the financial  statements
     and notes included in the Company's annual report on Form 10-K for the year
     ended March 28, 1998.

     The results of operations  for the nine months ended December 26, 1998, are
     not necessarily  indicative of the operating results to be expected for the
     year ending April 3, 1999.  The  Company's  business is seasonal in nature,
     with the highest  sales and  earnings  historically  occurring in the third
     quarter of the fiscal year, which includes the holiday selling season.

     Inventories,  which consist of compact discs,  tapes and  accessories,  are
     stated at the lower of cost (principally average) or market.

     Certain  reclassifications  have been made to the (unaudited)  December 27,
     1997 quarterly financial information to conform to the presentation used in
     the (unaudited) December 26, 1998 financial information.

(2)  Earnings Per Share

     In December  1997,  the Company  adopted the  provisions  of  Statement  of
     Financial  Accounting  Standards No. 128,  "Earnings Per Share" ("Statement
     128"),  which  establishes  new  standards  for  computing  and  presenting
     earnings per share  ("EPS").  Earnings per share for all prior periods have
     been restated to reflect the provisions of this Statement.

     Basic and diluted  earnings (loss) per share have been computed by dividing
     net earnings (loss),  by the weighted average number of shares  outstanding
     during the period.

                                                                     (Continued)
                                       8

<PAGE>

                      URT INDUSTRIES, INC. AND SUBSIDIARIES

              Notes to Condensed Consolidated Financial Statements

                     December 26, 1998 and December 27, 1997
                                   (Unaudited)

     Basic and diluted loss per share were calculated as follows:

                                              Nine months    Nine months
                                                 ended          Ended
                                              -----------    -----------
                                              December 26,   December 27,
                                                  1998           1997

      Basic and diluted:
           Net loss                           $  (506,681)   $  (702,716)
                                              ===========    ===========

           Weighted average shares             12,158,209     12,158,209
                                              ===========    ===========

      Basic and diluted loss per share              (0.04)         (0.06)
                                              ===========    ===========

(3)  Marketable Securities

     The Company's debt and equity  securities  consisting of Treasury bills and
     equity investments, are considered  available-for-sale at December 26, 1998
     with  cost  approximating  fair  market  value.  Securities  classified  as
     available-for-sale  are reported at fair market value with unrealized gains
     and losses included in stockholders' equity.  Realized gains and losses are
     included in interest and other income.

(4)  Income Taxes

     The Company follows Statement of Financial Accounting Standard ("SFAS") No.
     109,  Accounting  for Income Taxes.  The Company files a  consolidated  tax
     return  with its  subsidiaries.  Any  applicable  tax charge or credits are
     allocated  on a separate  return  basis.  For the three month  period ended
     December 26, 1998, there was no (benefit) provision for income taxes as the
     Company has excess net operating loss  carryforwards for federal income tax
     purposes.

(5)  New Accounting Pronouncements

     In June 1997, the FASB issued  Statement of Financial  Accounting  Standard
     No. 130, "Reporting  Comprehensive Income" ("Statement 130"). Statement 130
     establishes  standards for the reporting and  presentation of comprehensive
     income  and its  components  in a full  set of  general  purpose  financial
     statements and is effective for fiscal years  beginning  after December 31,
     1997.  Comprehensive  income consists of net income and net unrealized gain
     (losses) on securities.  The Statement requires only additional disclosures
     in the consolidated financial statements;  it does not affect the Company's
     financial  position on results of operations.  Comprehensive  income (loss)
     for the quarter and nine month period  ended  December 28, 1998 of $225,387
     and $(492,649), respectively, included net income (loss) as reported in the
     accompanying condensed consolidated statements of operations plus a $14,000
     after-tax   effect  of  unrealized   appreciation   on  marketable   equity
     securities. The adoption of Statement 130 did not have a material impact on
     the Company's financial position, results of operations or cash flows.



                                                                     (Continued)
                                       9

<PAGE>

                      URT INDUSTRIES, INC. AND SUBSIDIARIES

              Notes to Condensed Consolidated Financial Statements

                     December 26, 1998 and December 27, 1997
                                   (Unaudited)

     In 1997,  the FASB issued  Statement of Financial  Accounting  Standard No.
     131,  "Disclosure about Segments of an Enterprise and Related  Information"
     ("Statement  131").  Statement 131  establishes  standards for the way that
     public business  enterprises report information about operating segments in
     annual  financial  statements  and requires that these  enterprises  report
     selected  information about operating segments in interim financial reports
     to  shareholders.  Statement 131 is effective for financial  statements for
     the periods  beginning  after  December 15, 1997. The adoption of Statement
     131 is not expected to have an effect on the Company because it operates in
     a single segment.



                                                                     (Continued)
                                       10

<PAGE>

                      URT INDUSTRIES, INC. AND SUBSIDIARIES

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

From  time to  time,  the  Company  may make  certain  statements  that  contain
"forward-looking"  information (as defined in the Private Securities  Litigation
Reform  Act  of  1995).  Words  such  as  "believe,"  "anticipate,"  "estimate,"
"project" and similar expressions are intended to identify such  forward-looking
statements.  Forward-looking  statements may be made by management  orally or in
writing,  including,  but not  limited  to, in press  releases,  as part of this
Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Operations and as a part of this filing or other filings.  Readers are cautioned
not to place undue  reliance on these  forward-looking  statements,  which speak
only  as  of  their  respective   dates,  and  are  subject  to  certain  risks,
uncertainties   and   assumptions.   Should  one  or  more  of  these  risks  or
uncertainties  materialize,  or should any of the underlying  assumptions  prove
incorrect,  actual results of current and future  operations may vary materially
from those anticipated, estimated or projected.

Sales. The Company's net sales increased during the third quarter ended December
26, 1998 of the  Company's  fiscal year  ending  April 3, 1999 by  approximately
$214,780 or 4.2  percent,  compared  to the third  quarter of fiscal  1998.  The
increase  in sales is a result  of the  opening  of one new  store in the  first
quarter of fiscal 1999  offset by the closing of one store in the third  quarter
of fiscal  1998.  Comparable  store  sales for the third  quarter  were down 1.3
percent.  Sales for the  thirty-nine  weeks ended December 26, 1998 increased by
approximately $77,000 or .59 percent.

Cost of  Sales.  The  Company's  cost of sales  as a  percentage  of net  sales,
decreased from 61.7 percent in the previous year's third quarter to 58.9 percent
for the third quarter  ended  December 26, 1998, as well as from 61.7 percent in
the previous year first  thirty-nine weeks to 59.4 percent in the current year's
thirty-nine  weeks ended  December 26, 1998. The decreases in cost of sales as a
percentage of sales are primarily  attributable  to increases in certain  retail
prices and increases in purchase discounts.

Selling,  General  and  Administrative.   Selling,  general  and  administrative
expenses  including  depreciation,  expressed  as  a  percentage  of  net  sales
increased to 36.6 percent for the third quarter ended December 26, 1998 compared
to 35  percent  the  prior  year  third  quarter.  Such  increase  is  primarily
attributable to the closing of one underperforming store in the third quarter of
1998 fiscal year  offset by the opening of the  Company's  new store in Orlando,
Florida.  Selling,  general and administrative  expenses including depreciation,
expressed  as a  percentage  of net  sales  increased  to  44.3  percent  of the
thirty-nine  weeks  ended  December  26,  1998  compared  to  43.1  percent  the
thirty-nine   weeks  ended   December  27,  1997.   The  increase  is  primarily
attributable  to the fact that  there  were  expenses  incurred  throughout  the
Company's  first quarter of 1999 fiscal year relating to the new store  although
the new store did not actually open until late in the Company's first quarter of
1999 fiscal year.

Net Income (Loss). The Company had net income of approximately  $211,000 for the
third  quarter ended  December 26, 1998 compared to net income of  approximately
$129,000 for the third  quarter  ended  December  27, 1997.  The increase in net
income is primarily  attributable  to the  increase in gross  profit  percentage
discussed above. The net loss for the thirty-nine  weeks ended December 26, 1998
was approximately  $507,000 compared to a net loss of approximately $703,000 for
the  thirty-nine  weeks ended  December  27,  1997.  The decrease in net loss is
primarily attributable to the increase in gross profit discussed above.


                                                                     (Continued)
                                       11

<PAGE>

                      URT INDUSTRIES, INC. AND SUBSIDIARIES


                         LIQUIDITY AND CAPITAL RESOURCES

Liquidity  and  Capital  Resources.  Cash  generated  from  operations  and cash
equivalents   are  the  Company's   primary  source  of  liquidity.   Management
anticipates that the cash generated from operations and cash evaluations on hand
will provide  sufficient  liquidity  to maintain  adequate  working  capital for
operations.  Management  used funds  generated from  operations as well as funds
received from its landlord for the building of the new store which opened in May
1998.  Management  anticipates that it would use funds generated from operations
as well as possible financing,  for the opening of any new stores,  which it may
plan to open during the next few years. For a discussion of recent  developments
and uncertainities  affecting the Company's liability and capital resources, see
note 3 to the  financial  statements  on form 10-K for the year ended  March 28,
1998.

Long-Term  Obligations.   At  December  26,  1998,  the  Company  had  long-term
obligations of $488,625.  Management  anticipates  that its ability to repay its
long-term  obligations will be satisfied primarily through funds generated from
its operations or from possible financing.

                                  OTHER MATTERS

Impact of  Inflation.  Although  the Company  cannot  accurately  determine  the
precise  effect of  inflation  on its  operations,  management  does not believe
inflation  has had a material  effect on the results of  operations  in the last
three  fiscal  years.  When the cost of  merchandise  items has  increased,  the
Company has been able to pass the increase on to its customers.

Seasonality.  The  Company's  business is  seasonal in nature,  with the highest
sales and earnings  historically  occurring in the third fiscal  quarter,  which
includes the Christmas selling season.

Year 2000  Compliance.  The Year 2000 Issue is the result of  computer  programs
being written using two digits rather than four to define the  applicable  year.
Any of the Company's  computer  programs that have  data-sensitive  software may
recognize a date using "00" as year 1900  rather than the year 2000.  This could
result in a system failure or miscalculations causing disruptions of operations.
The Company  has  assessed  that it will be required to upgrade  portions of its
software  which was  originally  purchased  from  outside  vendors,  so that its
computer  systems will  properly  utilize  dates beyond  December 31, 1999.  The
Company has not incurred any costs as of December 26, 1998 relating to year 2000
compliance. The Company anticipates that the cost of the upgrade of its software
from  outside  vendors will be  approximately  $20,000.  The Company  expects to
purchase  its  upgraded   software  in  April,   1999,   and  that  testing  and
implementation  will be  completed  by June,  1999.  The  Company is also in the
process of  completing  its  inventory of computer  information  technology  and
noninformation  technology hardware systems to assess year 2000 compliance.  The
Company's five largest music suppliers dominate the music distribution industry.
The  Company  believes  that  those  five major  suppliers  will be 2000  ready.
However,  the Company  currently  has no practical  alternatives  if these major
suppliers  experience  problems.  Thus, there can be no absolute  assurance that
there  will  not be a  material  adverse  effect  on the  Company's  operations,
liquidity or financial  condition,  if Year 2000  modifications are not properly
completed in a timely manner by either the Company,  or its suppliers,  banks or
any other entity with whom the Company conducts business.

New Accounting  Policies.  In June 1997, the FASB issued  Statement of Financial
Accounting Standard No. 130, "Reporting Comprehensive Income" ("Statement 130").
Statement   130   establishes   standards  for  the  reporting  and  display  of
comprehensive  income  and  its  components  in a full  set of  general  purpose
financial  statements and is effective for fiscal year beginning  after December
31, 1997.  The adoption of Statement  130 did not have a material  impact on the
Company's financial position, results of operations or cash flows.


                                                                     (Continued)
                                       12

<PAGE>

                      URT INDUSTRIES, INC. AND SUBSIDIARIES

In 1997,  the FASB issued  Statement of Financial  Accounting  Standard No. 131,
"Disclosure about Segments of an Enterprise and Related Information" ("Statement
131").  Statement 131  establishes  standards  for the way that public  business
enterprises  report  information  about operating  segments in annual  financial
statements and requires that these enterprises report selected information about
operating  segments in interim financial reports to shareholders.  Statement 131
is effective for financial  statements for the periods  beginning after December
15, 1997. The adoption of Statement 131 is not expected to have an effect on the
Company because it operates in a single segment.


                                                                     (Continued)
                                       13

<PAGE>

                      URT INDUSTRIES, INC. AND SUBSIDIARIES


                                OTHER INFORMATION


Item 6.   Exhibits and Reports on Form 8-K

          (a)  Exhibits

               27.0 Financial Data Schedule

          (b)  Reports on Form 8-K

               On or about February 16, 1999, the Company filed a Form 8-K dated
               February 16, 1999 for the purpose of  reporting on the  projected
               date of this filing.



                                                                     (Continued)
                                       14

<PAGE>


                      URT INDUSTRIES, INC. AND SUBSIDIARIES

                                   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.


                                    URT INDUSTRIES, INC.
                                    Registrant


Date: 3/12/99                       /s/ Allan Wolk
                                    --------------------------------------------
                                    Allan Wolk, Chairman of the Board, President
                                    (Principal Executive Officer)


Date: 3/12/99                       /s/ Jason Wolk
                                    --------------------------------------------
                                    Jason Wolk, Executive Vice President,
                                    Chief Financial Officer
                                    (Principal Financial and Accounting Officer)



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