<PAGE>
                                United States
                      Securities and Exchange Commission
                            Washington, D.C. 20549

                                 Form 10-QSB

           [X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE
                       SECURITIES EXCHANGE ACT OF 1934

              For the quarterly period ended September 30, 2002

           [ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                                 EXCHANGE ACT

          For the transition period from ___________ to ___________


          Commission File Number: 0-27067


                        COMMUNITRONICS OF AMERICA, INC.
                       ---------------------------------
                    (Exact name of small business issuer as
                           specified in its charter)


                Utah                               87-0285684
               ------                             ------------
   (State or other jurisdiction of     (I.R.S. Employer Identification No.)
    incorporation or organization)


                27955 Hwy. 98, Suite WW, Daphne, Alabama 36526
               ------------------------------------------------
                   (Address of principal executive offices)

                               (251) 625-6426
                               --------------
                         (Issuer's telephone number)

                               Not Applicable
                             ------------------
             (Former name, former address and former fiscal year,
                        if changed since last report)


Check whether the issuer: (1) Filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 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 [ ]

                     APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the last practicable date: 5,025,296 shares.

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


                                     -1-

<PAGE>

                        COMMUNITRONICS OF AMERICA, INC.
                               AND SUBSIDIARIES

                              TABLE OF CONTENTS





Consolidated Balance Sheets                                             3-4

Consolidated Statements of Operations                                     5

Consolidated Statements of Cash Flows                                     6

Consolidated Statements of Stockholders' Equity                           7

Part I

    Item 1.  Notes to Consolidated Financial Statements                   8

    Item 2.  Management's Discussion and Analysis or
             Plan of Operations                                        8-13

Part II - Other Information                                              14

Signature                                                                15



                                     -2-

<PAGE>

<TABLE>
<CAPTION>
                             COMMUNITRONICS OF AMERICA, INC.
                                    AND SUBSIDIARIES

                              CONSOLIDATED BALANCE SHEETS


                                                             September 30    December 31
                                                                 2002           2001
                                                              (Unaudited)     (Audited)
                                                             ------------   ------------
<S>                                                          <C>            <C>
                                      Assets

Current assets
   Cash                                                      $          -   $      3,564
   Accounts receivable - trade                                     16,910         18,409
   Inventory                                                       38,586         24,850
                                                             ------------   ------------
          Total current assets                                     55,496         46,823

Property and equipment, at cost, net of
 accumulated depreciation                                         464,217        511,374

Goodwill, net of accumulated depreciation of
 $68,061 and $38,892 at September 30, 2002 and
 December 31, 2001, respectively                                  191,214        220,383
Investment in network                                             336,305        336,305
Deferred consulting charges                                     5,369,086        303,750
Deposits                                                            4,054          4,054
                                                             ------------   ------------

                                                             $  6,420,372   $  1,422,689
                                                             ============   ============


                       Liabilities and Stockholders' Equity

Current liabilities
   Current maturities of long-term debt                      $     94,127   $     41,228
   Bank overdraft                                                   8,382              -
   Accounts payable - trade                                       312,680        343,378
   Payroll and sales taxes payable                                 37,374         39,874
                                                             ------------   ------------
          Total current liabilities                               452,563        424,480

Long-term debt, less current maturities                                 -         34,490
Note payable to stockholder                                       468,772        317,203
                                                             ------------   ------------
          Total liabilities                                       921,335        776,173
                                                             ------------   ------------
Commitments and contingencies

                                                                            (continued)

</TABLE>
                                          -3-

<PAGE>

<TABLE>
<CAPTION>
                             COMMUNITRONICS OF AMERICA, INC.
                                    AND SUBSIDIARIES

                          CONSOLIDATED BALANCE SHEETS (CONTINUED)


                                                             September 30    December 31
                                                                 2002           2001
                                                              (Unaudited)     (Audited)
                                                             ------------   ------------
<S>                                                          <C>            <C>

                  Liabilities and Stockholders' Equity (continued)

Stockholders' equity
   Common stock, $1.00 par value; 50,000,000 shares
     authorized, 5,025,296 shares issued and outstanding at
     September 30, 2002, and 9,675,936 (.01 par value)
     at December 31, 2001                                       5,025,296        96,739
   Additional paid-in capital                                   1,824,081      1,824,081
   Accumulated deficit                                         (1,350,340)    (1,274,304)
         Total stockholders' equity                             5,499,037        646,516
                                                             ------------   ------------

                                                             $  6,420,372   $  1,422,689
                                                             ============   ============

</TABLE>




                                          -4-

<PAGE>

<TABLE>
<CAPTION>
                            COMMUNITRONICS OF AMERICA, INC.
                                   AND SUBSIDIARIES

                        CONSOLIDATED STATEMENTS OF OPERATIONS
                                     (UNAUDITED)


                                        For the Three Months       For the Nine Months
                                         Ended September 30        Ended September 30
                                          2002         2001         2002         2001
                                       ----------   ----------   ----------   ----------
<S>                                    <C>          <C>          <C>          <C>

Revenues                               $   75,745   $  104,273   $  302,506   $  354,696
  Less cost of revenues                    34,085       43,611      204,904      259,914
                                       ----------   ----------   ----------   ----------
        Gross profit                       41,660       60,662       97,602       94,782
                                       ----------   ----------   ----------   ----------

Operating expenses
  General and administrative               42,857      114,861       79,719      646,389
  Depreciation and amortization            30,044       30,044       76,326       90,131
                                       ----------   ----------   ----------   ----------
  Total operating expenses                 72,901      144,905      156,045      736,520
                                       ----------   ----------   ----------   ----------

        Operating income (loss)           (31,241)     (84,243)     (58,443)    (641,738)
                                       ----------   ----------   ----------   ----------

Other income (expense)
  Rental income                                 -          923            -        7,965
  Gain on sale of assets                        -            -            -      608,348
  Interest                                 (3,153)      (2,492)     (17,593)     (12,883)
                                       ----------   ----------   ----------   ----------
                                           (3,153)      (2,492)     (17,593)     603,430
                                       ----------   ----------   ----------   ----------

        Net loss                       $  (34,394)  $  (85,812)  $  (76,036)  $  (38,308)
                                       ==========   ==========   ==========   ==========

Net loss per share (note 10)           $    (.006)  $   (0.001)  $   (0.015)  $    (0.04)
                                       ==========   ==========   ==========   ==========

</TABLE>

                                         -5-

<PAGE>

<TABLE>
<CAPTION>
                           COMMUNITRONICS OF AMERICA, INC.
                                  AND SUBSIDIARIES

                        CONSOLIDATED STATEMENTS OF CASH FLOWS
                                     (UNAUDITED)


                                                                 For the Nine Months
                                                                 Ended September 30
                                                                 2002           2001
                                                              (Unaudited)     (Audited)
                                                             ------------   ------------
<S>                                                          <C>            <C>

Operating activities
  Net loss                                                   $    (76,036)  $    (38,308)
                                                             ------------   ------------
  Adjustments to reconcile net loss to net
   cash used in operating activities
     Depreciation and amortization                                 76,326         90,131
     Gain on sale of assets                                             -       (608,348)
     Issuance of common stock for services                       (136,779)      (174,453)
     (Increase) decrease in
        Accounts receivable                                         1,499          5,792
        Inventory                                                 (13,736)         5,654
     Increase (decrease) in
        Bank overdraft                                              8,382         54,842
        Accounts payable                                          (30,698)        69,295
        Accrued expenses                                           (2,500)        (7,586)
                                                             ------------   ------------
           Total adjustments                                      (97,506)      (564,673)
                                                             ------------   ------------
           Net cash provided by (used in) operating activities   (173,542)      (602,981)
                                                             ------------   ------------

Investing activities
  Proceeds from sale of assets                                          -        634,000
  Purchase of property and equipment                                    -              -
                                                             ------------   ------------
           Net cash provided by (used in) investing activities          -        634,000
                                                             ------------   ------------

Financing activities
  Proceeds from (repayments of) stockholder loans                  18,409        (18,724)
  Shareholder loans                                               151,569              -
  Repayments of long-term debt                                          -        (35,572)
                                                             ------------   ------------
           Net cash used in financing activities                  169,978        (54,296)
                                                             ------------   ------------
         Increase (decrease) in cash                               (3,564)       (23,277)

Cash
  Beginning of period                                               3,564         23,277
                                                             ------------   ------------
  End of period                                              $          -   $          -
                                                             ------------   ------------

</TABLE>

                                          -6-

<PAGE>

<TABLE>
<CAPTION>
                            COMMUNITRONICS OF AMERICA, INC.
                                   AND SUBSIDIARIES

                    CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                      FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2002
                                      (UNAUDITED)


                                                     Additional
                                          Common       Paid-in       Accum.     Stockholders'
                                          Stock        Capital      (Deficit)      Equity
                                       -----------   -----------   -----------   -----------
<S>                                    <C>           <C>           <C>           <C>

Balance, December 31, 2001             $    96,739   $ 1,824,081   $(1,274,304)  $   646,516

   Issuance of 20,959,000 shares
    of common stock (at .01 before
    reverse split)                         209,614             -             -       209,614

   Issuance of 20,959,000 shares
    of common stock (at $1.00 after
    reverse split)                       4,718,943             -             -     4,718,943

   Net loss                                      -             -       (76,036)      (76,036)
                                       -----------   -----------   -----------   -----------

Balance, September 30, 2002            $ 5,025,296   $ 1,824,081   $(1,350,340)  $ 5,499,037
                                       ===========   ===========   ===========   ===========

</TABLE>



                                         -7-

<PAGE>

ITEM 1. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1.   BASIS OF PRESENTATION:

In the opinion of management, the accompanying financial statements contain
all adjustments (which include only normal recurring adjustments) necessary to
present fairly the balance sheets of Communitronics of America, Inc. and
subsidiaries as of September 30, 2002, and the results of their operations and
their cash flows for the nine months ended September 30, 2002 and 2001,
respectively. The financial statements are consolidated to include the
accounts of Communitronics of America, Inc. and its subsidiary companies
(together "the Company"). The accounting policies followed by the Company are
set forth in Note 1 to the Company's consolidated financial statements as
stated in its Form 10-KSB for the year ended December 31, 2001.

NOTE 2:   INCOME (LOSS) PER COMMON SHARE:

Income (loss) per common share is based on the weighted average number of
common shares are outstanding during the period.


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

You should read the following discussion and analysis of financial condition
and results of operations of Communitronics together with the financial
statements and the notes to the financial statements which appear elsewhere in
this quarterly report and Communitronics's Form 10-KSB for the year ended
December 31, 2001.

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-QSB includes forward-looking statements. We
have based these forward-looking statements on our current expectations and
projections about future events. These forward-looking statements are subject
to risks, uncertainties and assumptions, which include, among other things:

     -     our need for substantial capital;

     -     our ability to service debt;

     -     our history of net operating losses;

     -     the amortization of our intangible assets;

     -     our ability to integrate our various acquisitions;

     -     the risks associated with our ability to implement our business
           strategies;

     -     the impact of competition and technological developments;

     -     subscriber turnover;

     -     litigation and regulatory changes;

     -     dependence on key suppliers; and

     -     reliance on key personnel.



                                     -8-

<PAGE>

Other matters set forth in this Quarterly Report on Form 10-QSB may also cause
actual results to differ materially from those described in the
forward-looking statements. We undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. In light of these risks, uncertainties and assumptions,
the forward-looking events discussed in this Quarterly Report on Form 10-QSB
may not occur.

OVERVIEW

The Company is a provider of wireless message paging and information delivery
services.  Wireless message paging is comprised of numeric paging that permits
a pager to register the telephone number of the caller to the customer.
Information delivery systems is comprised of both numeric paging and text
messaging services.

The Company has a network of 14 radio towers (one tower is owned by the
Company and 13 towers are leased) to deliver wireless messaging services in
the coastal regions of Alabama, Louisiana, Mississippi and the Florida
panhandle. The Company owns seven Certificates of Public Convenience and
Necessity issued by the Alabama Public Service Commission and 34 frequencies
licensed by the Federal Communications Commission. These certificates and
licenses allow the Company to provide wireless messaging services in these
geographic areas.

The Company supports its operations from its executive offices in Daphne,
Alabama, and from its operation offices located in Metairie, Louisiana;  and
Pascagoula, Mississippi.

The geographic areas served by the Company covers approximately 10,000,000
persons. In its markets, the Company presently serves approximately 2,800
subscribers to its message paging and information delivery services at
September 30, 2002.

The Company derives the majority of its revenues from fixed, periodic (usually
monthly) fees, generally not dependent on usage, charged to subscribers for
paging services. While a subscriber continues to use the Company's services,
operating results benefit from this recurring revenue stream with minimal
requirements for incremental selling expenses or other fixed costs.

RESULTS OF OPERATIONS FOR THE THREE MONTHS AND NINE MONTH ENDED SEPTEMBER 30,
2002

The Company's total revenues have decreased by approximately 30.1% to $75,000
for the three month period ended September 30, 2002 compared to $104,000 for
the three month period ended September 30, 2001.  The Company's total revenues
have decreased by approximately 15.7% to $302,000 for the nine month period
ended September 30, 2002 compared to $355,000 for the nine month period ended
September 30, 2001. Overall, subscribers have decreased by approximately 1,000
or approximately 26% to 2,800 at September 30, 2002 from 3,800 at September
30, 2001. The decrease in the subscriber base was attributable to normal
attrition which was not offset with new pager sales due to a lack of inventory
in 2002 and management's efforts were concentrated on capital rasing efforts
at that time.

The Company's growth, whether internal or through acquisitions, requires
significant capital investment for paging equipment and technical
infrastructure.  During the three and nine month periods ended September 30,
2002, there were no capital expenditures due to a lack of cash flow.

For the remainder of 2002 and throughout the year 2002, the Company's business
strategy will be focused on increasing stockholder value by expanding the
subscriber base and increasing revenues, cost efficiencies and operating cash
flow. This focus will include the following:

     -    Managing capital requirements and increasing free cash flow by:

          --   increasing revenues and cash flows through sales of
               value-added advanced messaging and information services
               which generate higher average monthly revenue per unit
               (ARPU) than standard messaging or paging services; and


                                     -9-

<PAGE>

          --   further increasing the utilization of the southeast network
               to serve more customers per frequency and expand presence in
               existing markets with minimal capital outlay.

     -    Managing and lowering operating costs through cost containment
          initiatives;

     -    Maximizing internal growth potential by continuing to broaden the
          Company's distribution network and expanding target markets to
          capitalize on the growing appeal of messaging and other wireless
          products; and

     -    Completing the integration of the operations of its acquisitions.

The Company may also continue to expand its operations and subscriber base
through additional industry consolidation. While there are no current
outstanding commitments, potential future consolidation opportunities would be
evaluated on several key operating and financial elements including:
geographic presence and FCC regulatory licenses held; overall valuation of
potential target, including subscriber base and potential synergies;
consideration to be given; potential increase to net income and operating cash
flow; and availability of financing and the ability to reduce the combined
companies long-term debt. Such potential transactions may result in
substantial capital requirements for which additional financing may be
required. No assurance can be given that such additional financing would be
available on terms satisfactory to the Company.

RESULTS OF OPERATIONS

The definitions below will be helpful in understanding the discussion of the
Company's results of operations.

     -    Service, rent and maintenance revenues include primarily monthly,
          quarterly, semi-annually and annually billed recurring revenue,
          not generally dependent on usage, charged to subscribers for
          paging and related services such as voice mail and pager repair
          and replacement.


     -    ARPU means average monthly paging revenue per unit. ARPU is
          calculated by dividing (a) service, rent and maintenance revenues
          for the period by (b) the average number of units in service for
          the period.

     -    Net revenues include service, rent and maintenance revenues and
          sales of pagers less cost of products sold.

     -    Service, rent and maintenance expenses include costs related to
          the management, operation and maintenance of the Company's network
          systems and customer support centers.

     -    General and administrative expenses include executive management,
          accounting, office telephone, repairs and maintenance, management
          information systems, salaries and employee benefits.

THREE MONTHS ENDED SEPTEMBER 30, 2002 COMPARED WITH 2001

Revenues decreased approximately $30,000, or approximately 30.1%, from
$104,000 for the three months ended September 30, 2001 ("2001") to $75,000 for
the three months ended September 30, 2002 ("2002"). The decrease in revenues
was primarily the result of a decrease in products available for resale and
normal attrition of the customer base.  The company is trying to raise capital
and has concentrated all efforts in this area.  Lack of capital due to the
de-listing in August 1999. The total number of subscribers decreased by 1,000
since September 30, 2001. This decrease was due to normal attrition which was
not offset with new pager sales due to a lack of inventory in 2002.

Cost of revenues, which consist primarily of cost of paging equipment and
service, rent and maintenance expenses, decreased approximately $10,000 or
57.6% from $44,000 in 2001 to $34,000 in 2002. This decrease was attributable
to a lack of pager inventory and decreases in telephone costs and personnel
expenses.  Pagers are classified as inventory when purchased and the cost is
included in cost of product sales when the unit is sold.  The Company expects
its service, rent and maintenance expenses to decrease as a percentage of
revenues and per subscriber unit in future periods as it continues to
renegotiate certain of its telecommunications and third party services
contracts and decommissions redundant transmitter and tower sites.


                                    -10-

<PAGE>

The Company expects such expense savings to be partially offset by an increase
in rental costs for other transmitter and tower sites as the Company enhances
its presence in the Southeastern United States.

General and administrative expenses decreased approximately $72,000 from
$114,000 in 2001 to $42,000 in 2002.  The decrease in general and
administrative expenses is attributable to a decrease in consulting fees,
professional fees and travel during the third quarter of 2002 which came from
capital raising efforts.

Depreciation and amortization expense was consistent in 2001 and 2002.

Interest expense increased approximately $1,000 from $2,000 in 2001 to $3,000
in 2002. Interest expense increased due to higher average debt balances
outstanding during 2002. Average debt balances were greater in 2002 than in
2001 as a result of debt incurred related to capital expenditures and working
capital requirements.

The Company's net loss decreased approximately $51,000 from $85,000 in 2001 to
$34,000 in 2002.  The decrease in net loss was primarily the result of the
decrease in consulting and professional fees as discussed  above..  The
Company expects net losses to decrease in future periods.

NINE MONTHS ENDED SEPTEMBER 30, 2002 COMPARED WITH 2001

Revenues decreased approximately $52,000, or approximately 15.7%, from
$355,000 for the nine months ended September 30, 2001 ("2001") to $303,000 for
the nine months ended September 30, 2002 ("2002"). The decrease in revenues
was primarily the result of a lack of inventory due to operating constraints.
The company has been trying to raise capital since getting its stock re-listed
on the OTC Bulletin Board and has concentrated all efforts in this area.  Lack
of capital due to the de-listing in August 1999. The total number of
subscribers decreased by 1,000 since September 30, 2001. This decrease was due
to normal attrition which was not offset with new pager sales due to a lack of
inventory in 2002 and management's efforts were concentrated on capital
raising efforts.

Cost of revenues, which consist primarily of cost of paging equipment and
service, rent and maintenance expenses, decreased approximately $55,000 or 20%
from $260,000 in 2001 to $205,000 in 2002.  This decrease was primarily
attributable to a decrease in available inventory and a reduction in
telecommunications expenses.  Pagers are classified as inventory when
purchased and the cost is included in cost of product sales when the unit is
sold.  The Company expects its service, rent and maintenance expenses to
decrease as a percentage of revenues and per subscriber unit in future periods
as it continues to renegotiate certain of its telecommunications and third
party services contracts and decommissions redundant transmitter and tower
sites. The Company expects such expense savings to be partially offset by an
increase in rental costs for other transmitter and tower sites as the Company
enhances its presence in the Southeastern United States.

General and administrative expenses decreased approximately $566,000 from
$646,000 in 2001 to $80,000 in 2002.  The decrease in general and
administrative expenses is attributable to an decrease in consulting fees,
professional services and travel during 2002 which were related to capital
raising efforts.

Depreciation and amortization expense decreased approximately $14,000 from
$90,000 in 2001 to $76,000 in 2002.

Interest expense increased approximately $5,000 from $12,000 in 2001 to
$17,000 in 2002. Interest expense increased due to higher average debt
balances outstanding during 2002. Average debt balances were $25,000 greater
in 2002 than in 2001 as a result of debt incurred related to capital
expenditures and working capital requirements.

The Company's net loss increased approximately $38,000 from $38,000 in 2001 to
$76,000 in 2002. The increase in net loss was primarily the result of the gain
recognized on the sale of certain frequencies in 2001 and other assets e and
offset by an increase in consulting fees and professional services.  The
Company expects net losses to decrease in future periods.


                                    -11-

<PAGE>

FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

Cash Flows

For the nine months ended September 30, 2002, the Company's cash used by
operating activities decreased by approximately $464,000 from $564,000 for the
nine months ended September 30, 2001 to $100,000 for the nine months ended
September 30, 2002. The decrease in cash provided by operating activities was
primarily the result of the decrease in consulting services and professional
fees in related to capital raising efforts and the decrease in revenues noted
above.

Net cash provided by investing activities decreased approximately $634,000
from $634,000 for the nine months ended September 30, 2001 to $0 for the nine
months ended September 30, 2002. The decrease in net cash provided by
investing activities was primarily the result of the sale of certain 800 Mhz
frequencies owned by the Company in the New Orleans, Louisiana area in 2001.
Total capital expenditures for fiscal year 2002 are expected to be minimal.
The Company expects to finance its capital expenditures for the remainder of
fiscal year 2002 through its operating cash flows. Projected capital
expenditures are subject to change based on the progress of internal growth,
general business and economic conditions and competitive pressures.

Net cash used in financing activities increased approximately $224,000 from
($54,000) for the nine months ended September 30, 2001 to $170,000 for the
nine months ended September 30, 2002. The increase was primarily the result of
stockholder loans and other long-term debt.

Long-Term Debt

Borrowings and repayments from banks.  During the nine months ended September
30, 2002, the Company increased its borrowings from banks by virtue of late
fees and accrued interest.  At September 30, 2002, $94,000 was outstanding to
various banks.

Stockholder note.  During the nine months ended September 30, 2001, the
Company received a stockholder note totaling $14,000 which bears interest at
8.00%.  The Company will begin making principal payments as cash flow becomes
available.  At September 30, 2002, there was $314,000 outstanding on
stockholder notes.

Access to Future Capital

The Company's ability to access borrowings and generate investments in the
company and to meet its debt service and other obligations will be dependent
upon its future performance and its cash flows from operations, which will be
subject to financial, business and other factors, certain of which are beyond
the Company's control, such as prevailing economic conditions. The Company
cannot assure you that, in the event it was to require additional financing,
such additional financing would be available on terms permitted by agreements
relating to existing indebtedness or otherwise satisfactory to it.






                                    -12-

<PAGE>

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None


ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

None


ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None


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

No matter was submitted to a vote of the security holders of the Company
during its quarter ended September 30, 2002.


ITEM 5. OTHER INFORMATION.

Not applicable.


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

None



                                    -13-

<PAGE>

                                  SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Amendment to be signed on its behalf by the
undersigned thereunto duly authorized.

                                       Communitronics of America, Inc.


Date:  November 13, 2002               By: /s/ David R. Pressler
                                       David R. Pressler
                                       President, Chief Executive Officer





                                    -14-