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: March 31, 2001.

               ____ Transition Report Under Section 13 or 15(d) of
                   the Securities Exchange Act of 1934 for the
                       Transition Period From ____ to ____

                        Commission file number: 333-72405

                            R-TEC TECHNOLOGIES, INC.
             (Exact name of registrant as specified in its charter)


                 New Jersey                       22-3615979
         (State or other jurisdiction            (IRS Employer
     of incorporation or organization)           Identification No.)

               37 Ironica Road, Flanders, NJ           07836
       (Address of principal executive offices)     (Zip Code)

                                 (973) 252-5233
                           (Issuer's telephone number)

Check  whether  the issuer  (1) has filed all  reports  required  to be filed by
Section 13 or 15(d) of the Exchange  Act 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

Applicable  only to  issuers  involved  in  bankruptcy  proceedings  during  the
preceding five years

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

Applicable only to corporate issuers

As of May 15, 2001, the Company had outstanding  3,373,735  shares of its common
stock.


<PAGE>

Index to Form 10QSB


Part I - FINANCIAL INFORMATION                               Page

Item 1.  Financial Statements (unaudited)

         Balance Sheet March 31, 2001...........................3

         Statements of Operations - Three Months
         Ended March 31, 2001 and 2000..........................5

         Statements of Cash Flows - Three Months
         Ended March 31, 2001 and 2000..........................6

         Notes to Financial Statements..........................7

Item 2.  Management's Discussion and Analysis or Plan
         of Operation...........................................9

Part II - OTHER INFORMATION

Item 2.  Changes in Securities and Use of Proceeds.............13

Item 6.  Exhibits and Reports on Form 8-K....................None

(a)  Exhibits

Exhibit     Description                                      Page

   (2)      Plan of Acquisition, Reorganization,
              Arrangement, Liquidation or Succession.........None

   (4)      Instruments defining the Rights of
              Security Holders...............................None

  (10)      Material Contracts...............................None

  (11)   Statement re: Computation of Per Share
              Earnings....................................Note 4,
                                                        Financial
                                                       Statements

  (15)      Letter re: Unaudited Interim Financial
              Information...................................None

  (18)      Letter re: Change in Accounting Principles......None

  (19)      Report Furnished to Security Holders............None

  (22)      Published Report re: Matters Submitted
              to Vote of Security Holders...................None

  (23)      Consents of Experts and Counsel.................None

  (24)      Power of Attorney...............................None

  (99)      Additional Exhibits.............................None


(b) Reports on Form 8-K:
         None

Signatures.....................................................10


                                       2

<PAGE>

Item 1.  Financial Statements

                            R-TEC TECHNOLOGIES, INC.
                           CONSOLIDATED BALANCE SHEET
                                   (Unaudited)

                                     ASSETS

                                                               March 31, 2001
                                                            --------------------
Current assets
  Cash and cash equivalents                                 $            14,846
  Accounts receivable                                                    10,243
  Inventory                                                              21,830
  Prepaid expenses                                                        1,868
                                                             -------------------
         Total current assets                                            48,787
                                                             -------------------
Property and equipment, net                                              18,042
                                                             -------------------
Other assets
  Patent, net                                                           767,345
  Deposits                                                                5,500
                                                             -------------------
         Total other assets                                             772,845
                                                             -------------------
Total Assets                                                $           839,674
                                                            ===================

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities
  Accounts payable and accrued expenses                     $            54,316
  Notes and loans payable                                               175,850
                                                             -------------------
           Total current liabilities                                    230,166
                                                             -------------------
Commitments and contingencies (Note 3)

Stockholders' equity

  Common stock, par value $.00001 per share, 50,000,000
    shares authorized, 3,373,735 shares issued and
    outstanding                                                              34
  Additional paid-in capital                                          2,197,827
  Accumulated deficit                                                (1,588,353)
                                                             -------------------
           Total stockholders' equity                                   609,508
                                                             -------------------
Total Liabilities and Stockholders' Equity                  $           839,674
                                                             ==================


                 See accompanying notes to financial statements.
                                       3
<PAGE>


                            R-TEC TECHNOLOGIES, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)

                                                   Three-Months Ended
                                                       March 31,
                                                   -----------------------------
                                                         2001              2000
                                                   -------------   -------------

Revenue                                         $        22,046  $          -

Cost of revenues                                         14,966             -

                                                 ---------------  --------------
Gross profit                                              7,080             -

Selling, general and administrative expenses            131,980         171,708

                                                  --------------     -----------
Loss from operations                                   (124,900)       (171,708)
                                                  --------------     -----------
Other income (expenses)

  Other income                                           -                2,485
  Interest expense                                       (3,444)         (6,291)
                                                 ---------------      ----------
         Total other income (expenses)                   (3,444)         (3,806)
                                                 ---------------      ----------
Net loss                                         $     (128,344)    $  (175,514)
                                                 ===============     ===========
Net loss per common share                        $         (.04)    $      (.06)
                                                  ==============     ===========

Weighted average common shares outstanding           3,233,625        3,035,086
                                                  =============       ==========


                 See accompanying notes to financial statements.


                                       4
<PAGE>


                            R-TEC TECHNOLOGIES, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                Increase (Decrease) In Cash and Cash Equivalents
<TABLE>

                                   (Unaudited)

                                                                                         Three Months Ended
                                                                                              March 31,
                                                                                     -----------------------------
                                                                                       2001              2000
                                                                                      ----------        ----------
<S>                                                                              <C>                   <C>

Cash flows from operating activities

  Net loss                                                                        $      (128,344)   $    (175,514)
                                                                                  ---------------     -------------
  Adjustments to reconcile net loss to net cash used in operating activities:
      Unreimbursed expenses contributed to capital by shareholders                            -              1,584
      Stock issued for services                                                               -              3,000
      Depreciation and amortization                                                        16,993           14,104
      Increase in accounts receivable                                                      (3,868)           -
      Decrease in inventory                                                                 9,052            -
      Decrease (increase) in prepaid expenses                                               5,704          (35,108)
      Increase in deposits                                                                    -             (4,000)
      Decrease in accounts payable and accrued expenses                                   (21,080)         (16,658)
                                                                                  ---------------       -----------
           Total adjustments                                                                6,801          (37,078)
                                                                                  ---------------       -----------
        Net cash used in operating activities                                            (121,543)        (212,592)
                                                                                   ---------------      -----------
Cash flows from financing activities

  Increase in deferred offering costs                                                       -              (19,951)
  Proceeds from notes payable                                                              20,000            -
  Repayments of notes payable                                                             (16,135)        (465,000)
  Increase (decrease) in due to stockholders                                               45,985         (284,491)
  Proceeds from sale of stock                                                              75,000        1,325,899
  Capital contributed by stockholders                                                         -              2,075
                                                                                   ---------------    ------------
        Net cash provided by financing activities                                         124,850          558,532
                                                                                  ---------------      -----------
Net increase in cash and cash equivalents                                                   3,307          345,940
Cash and cash equivalents, beginning of period                                             11,539              448
                                                                                  ---------------       ----------
Cash and cash equivalents, end of period                                          $        14,846  $       346,388
Supplemental disclosures of cash flow information                                   =============    =============

  Cash paid during the period for interest                                        $         1,100  $         4,750

Supplemental disclosures of noncash investing and financing activities

    Issuance of common stock for repayment of debt                                          -               30,000
    Issuance of common stock in satisfaction of obligation                                  -              428,000
    Issuance of common stock for offering costs                                             7,500            -

</TABLE>


                See accompanying notes to financial statements.
                                       5
<PAGE>


                            R-TEC TECHNOLOGIES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                MARCH 31, 2001

The information  presented herein as of March 31, 2001, and for the three-months
ended March 31, 2001 and 2000, is unaudited.

(1)   Basis of Presentation:

The accompanying financial statements of R-Tec Technologies, Inc. and subsidiary
(the  Company)  have  been  prepared  in  accordance  with  generally   accepted
accounting   principles  for  interim   financial   information   and  with  the
instructions to Form 10-QSB and Rule 10-01 of Regulation S-X. Accordingly,  they
do not include  all of the  information  and  footnotes  required  by  generally
accepted accounting principles for complete financial statements. In the opinion
of  management,  all  adjustments  (consisting of normal  required  adjustments)
considered necessary for a fair presentation have been included.

Operating results for the three-months ended March 31, 2001, are not necessarily
indicative of the results that may be expected for the year ending  December 31,
2001. For further  information,  refer to the financial statements and footnotes
included  in the  Company's  annual  report of Form  10-KSB  for the year  ended
December 31, 2000.

(2)    Going Concern:

As shown in the accompanying  financial  statements,  the Company incurred a net
loss of $128,344  during the  three-months  ended March 31, 2001, and as of that
date, the Company's current liabilities exceeded its current assets by $181,379.
Those factors,  create an uncertainty about the Company's ability to continue as
a going concern.  Management of the Company is reducing  expenses and attempting
to  increase   revenues  to  return  the  Company  to  a  profitable   position.
Additionally,  the Company  continues  to pursue  relationships  with  strategic
partners who can assist the Company with marketing,  sales and financing issues.
The  ability of the Company to continue  as going  concern is  dependent  on the
Company  achieving  these plans.  The  financial  statements  do not include any
adjustments  that might be  necessary  if the Company is unable to continue as a
going concern.

(3)   Commitments and Contingencies:

The Company is the  defendant  and  plaintiff  in a lawsuit  with a vendor.  The
vendor  alleges  unpaid  amounts due by the Company for services  rendered.  The
Company has countersued for breech of contract and damages. The Company believes
the vendor's  suit is without  merit and is  vigorously  defending its position,
however  there is no  guarantee  of a  favorable  outcome.  The  Company has not
recorded any potential liability from this matter in the accompanying  financial
statements.

(4)    Net Loss Per Common Share:

Net loss per common share is computed in  accordance  with the  requirements  of
Statement  of  Financial  Accounting  Standards  No.  128 (SFAS  128).  SFAS 128
requires net loss per share  information to be computed using a simple  weighted
average of common shares outstanding during the periods presented.

                                       6
<PAGE>

(5)   Segments:

The Company has two segments,  gas-detecting paints and household products.  The
following reflects financial information about the segments as of March 31, 2001
and 2000:

<TABLE>
                                                     2001                                      2000
                                          --------------------------------------  ----------------------------------
                                             Paints                 Household          Paints         Household
                                                                    Products                          Products
                                          --------------      ----------------    ----------------    --------------
<S>                                   <C>                   <C>                   <C>                 <C>

Total assets                           $        781,634     $          58,040      $     1,188,890     $      24,146
                                        ===============      ================       ==============      ============
Revenues                               $             -      $          22,046      $         2,485     $          -
                                        ===============      ================       ==============      ============
Net loss                               $       (128,083)    $            (261)     $      (168,130)    $      (7,384)
                                        ===============      ================       ==============      ============
</TABLE>

(6)   Stock Transactions:

During March 2001,  the Company sold 150,000  shares of  restricted  stock to an
individual  for $75,000.  Related to this sale, the Company issued 15,000 shares
of restricted stock valued at $7,500 as a finders fee to an investment company.
0,000.  Since sales commenced,  the Company sold 164,480 shares
and raised $1,315,840. The offering closed.

Item 2. Managment Discussion and Analysis or Plan of Operation

OVERVIEW

     Since inception,  R-Tec has been engaged in the acquisition and development
of patented  technology,  arranging  for potential  suppliers  and  distribution
channels and raising  capital.  From  inception  through  December 31, 1999, the
Company  issued  2,916,666  shares  of  stock  to its  founders.  The  Company's
registration  statement was effective  November 12, 1999, and sales commenced on
January 7, 2000.  R-Tec's  initial  public  ofering is for  1,250,000  shares of
common stock to raise a maximum of $10,000,000.  The Company sold 164,480 shares
and raised $1,315,840.


                                       7
<PAGE>

     In order to achieve  profitable  operations,  we will have to  successfully
manufacture,  distribute and commercialize  our initial  products.  We will also
have to  secure  all  intellectual  property  rights.  For these  reasons  it is
difficult for R-Tec to forecast our revenue or earnings  accurately.  We believe
that   period-to-period   comparisons  of  our  operating  results  may  not  be
meaningful.  As a result of our extremely limited operating  history,  we do not
have historical  financial data for a significant  number of periods on which to
base  planned  operating  expenses.  Our  expense  levels  are  based  upon  our
expectations  concerning future revenue.  Thus, quarterly revenue and results of
operation are difficult to project.

PLAN OF OPERATION

Two-Phase Business Plan

         Our business plan is based on implementing our strategy in two phases:

   o     Phase 1 - Establish Manufacturing and Distribution Relationships and
         Begin Distribution of Three Initial Products, and
   o     Phase 2 - Expand Product Lines.

The key elements of each phase of our strategy are described below:

         Phase 1 - Establish Manufacturing and Distribution Relationships
         and Begin Distribution of the Three Initial Products


Manufacturing and Distribution Relationships.

     One of R-Tec's Phase 1 goals is to establish beneficial  relationships with
strategic  manufacturing and distribution partners.  With this strategy, we hope
to  eliminate  the  need to  build a  large  and  costly  production  and  sales
infrastructure  and  to  benefit  from  the  inclusion  of our  products  in our
partners' marketing efforts.

     In June, 2000, we began sales of our Ripefully Yours product,  which delays
the decay of refrigerated  fuits and vegetables.  We received  minimal  revenues
from  the sale of  Ripefully  Yours  in the  second  quarter  of this  year.  We
anticipate that the majority of the Company's  revenues will be from the sale of
Ripefully Yours. We have also begun development of an anti-microbial filter.


                                       8
<PAGE>

FORWARD-LOOKING STATEMENTS

All  statements  other than  statements  of  historical  fact in this report are
"forward-looking  statements"  as defined in the Private  Securities  Litigation
Reform Act of 1995, and are based on  management's  current  expectations of the
Company's  near  term  results,  based  on  current  information  available  and
pertaining to the Company.  The Company assumes no obligation to update publicly
any forward-looking  statement.  Actual results may differ materially from those
projected in the forward-looking  statements.  These forward-looking  statements
involve risks and uncertainties,  including,  but not limited to, the following:
demand  for  the  Company's   protective  coatings  and  preservative   product;
production and pricing levels of important raw materials; difficulties or delays
in the development,  production,  testing and marketing of products; and product
margins and customer product acceptance.



Part II - OTHER INFORMATION

Item 2.  Changes in Securities and Use of Proceeds

None


Item 6. Exhibits and Reports on Form 8-K

                                     None.


                                    Signatures

     In accordance  with the  requirements  of the Exchange Act, the  registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                           R-Tec Technologies, Inc.


Dated: May 1, 2001         By:   /s/ Philip Lacqua
                            ------------------------
                            Philip Lacqua, President
                            Chief Executive Officer
                            Chief Financial Officer
                            Director


                                       9