SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, DC 20549


                                FORM 10-QSB

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


               For the quarterly period ended June 30, 2002
                                             ---------------


                      Commission File Number: 0-26322
                                             ---------


                     EAGLE BUILDING TECHNOLOGIES, INC.
      -----------------------------------------------------------------
      (Exact Name of Small Business Issuer as Specified in its Charter)


       Nevada                                               88-0303769
------------------------                             -----------------------
(State of Incorporation)                             (IRS Employer I.D. No.)


       225 N.E. Mizner Boulevard, Suite 502, Boca Raton, Florida 33432
       ---------------------------------------------------------------
                 (Address of principal executive offices)


                              (561) 672-4800
              ------------------------------------------------
              (Issuer's telephone number, including area code)


         20283 Powerline Road, Suite 213, Boca Raton, Florida 33498
         ---------------------------------------------------------
             (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

There  were 7,794,771 shares of  Common  Stock,  $.001 par  value,
issued  and outstanding at June 30, 2002.



<PAGE>

                    EAGLE BUILDING TECHNOLOGIES, INC.

                                  INDEX



PART I.   FINANCIAL INFORMATION

Item 1.     Consolidated Financial Statements


            Consolidated Balance Sheets - June 30, 2002 (Unaudited)
            and December 31, 2001

            Consolidated Statements of Operations - Three months and
            six months ended June 30, 2002 and 2001 (Unaudited).

            Consolidated Statements of Cash Flows - Six months ended
            June 30, 2002 and 2001 (Unaudited).

            Notes to Consolidated Financial Statements.

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

PART II.  OTHER INFORMATION

Item 1.     Legal Proceedings

Item 2.     Changes in Securities

Item 3.     Defaults Upon Senior Securities

Item 4.     Submission of Matters to a Vote of Security-Holders

Item 5.     Other Information

Item 6.     Exhibits and Reports on Form 8-K


SIGNATURES



                                   -2-

<PAGE>



                    EAGLE BUILDING TECHNOLOGIES, INC.


                      PART I - FINANCIAL INFORMATION


Item I.  Consolidated Financial Statements
         ---------------------------------






                                   -3-

<PAGE>


                   EAGLE BUILDING TECHNOLOGIES, INC.
                      CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>

                                 ASSETS

                                               June 30,      December 31,
                                                2002             2001
                                             (Unaudited)
                                             ------------    ------------
<S>                                          <C>             <C>
CURRENT ASSETS:

  Cash                                       $    113,409    $    174,686
  Accounts Receivable, net                        444,748         758,365
  Inventories                                   2,440,935       1,525,131
  Prepaid expenses                                 25,152          25,152
                                             ------------   -------------
      TOTAL CURRENT ASSETS                      3,024,244       2,483,334
                                             ------------   -------------

PROPERTY AND EQUIPMENT, net                     3,076,914       2,946,754
                                             ------------   -------------

OTHER ASSETS -
  Deferred development costs                    3,281,117       2,629,139
  Investment in unconsolidated
   subsidiaries                                   386,820         386,820
 Intangible assets                              7,287,978       7,430,350
                                             ------------   -------------
      TOTAL OTHER ASSETS                       10,955,915      10,446,309
                                             ------------   -------------

             TOTAL ASSETS                    $ 17,057,073   $  15,876,397
                                             ============   =============


              LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES:
 Accounts payable and
   accrued expenses                          $  5,968,939    $  6,686,911
 Notes payable                                  7,959,206       5,364,008
 Deposits                                       1,295,041         550,485
                                             ------------   -------------
    TOTAL CURRENT LIABILITIES                  15,223,186      12,601,404
                                             ------------   -------------

LONG TERM LIABILITIES                           7,487,013       6,352,849
                                             ------------   -------------

REDEEMABLE COMMON STOCK, 155,834
 shares issued and outstanding                  1,168,748       1,168,748
                                             ------------   -------------

SHAREHOLDERS' DEFICIT:
 Common Stock, $.001 par value
  11,666,666 shares authorized
 7,638,937 and 7,015,271 shares
  issued and outstanding at June 30,
  2002 and December 31, 2001                        7,639           7,015
 Additional paid in capital                    36,618,157      31,399,870
 Accumulated deficit                          (43,447,670)    (35,653,489)
                                             ------------   -------------
    TOTAL STOCKHOLDERS' DEFICIT                (6,821,874)     (4,246,604)
                                             ------------   -------------
     TOTAL LIABILITIES AND
       STOCKHOLDERS' DEFICIT                 $ 17,057,073    $ 15,876,397
                                             ============   =============
</TABLE>





See accompanying notes to consolidated financial statements.



                                   -4-

<PAGE>


                      EAGLE BUILDING TECHNOLOGIES, INC.
                    CONSOLIDATED STATEMENTS OF OPERATIONS
                                (Unaudited)


<TABLE>
<CAPTION>
                                         Three Months Ended               Six Months Ended
                                      June 30,        June 30,       June 30,        June 30,
                                        2002            2001           2002            2001
                                    -----------     -----------    -----------     -----------
<S>                                 <C>             <C>            <C>             <C>
SALES                               $   183,089     $ 1,805,267    $   494,650     $ 2,416,411

COSTS OF SALES                          111,424       1,222,636        300,523       1,707,580
                                    -----------     -----------    -----------     -----------

GROSS PROFIT                             71,665         582,631        194,127         708,831

SELLING, GENERAL AND
 ADMINISTRATIVE EXPENSES              1,336,829       1,877,267      7,338,098       3,383,531
                                    -----------     -----------    -----------     -----------

LOSS FROM OPERATIONS                 (1,265,164)     (1,294,636)    (7,143,971)     (2,674,700)

OTHER INCOME (EXPENSES):
 Investment income                          -           318,500            -           318,500
 Interest expense                      (141,822)        (36,990)      (650,210)        (59,379)
                                    -----------     -----------    -----------     -----------

LOSS BEFORE INCOME TAXES             (1,406,986)     (1,013,126)    (7,794,181)     (2,415,579)

PROVISION FOR INCOME TAXES                  -               -              -               -
                                    -----------     -----------    -----------     -----------
NET LOSS                            $(1,406,986)    $(1,013,126)   $(7,794,181)    $(2,415,579)
                                    ===========     ===========    ===========     ===========
WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING
  - Basic                             7,795,000       5,456,000      7,726,000       5,000,000
  - Diluted                           7,795,000       5,456,000      7,726,000       5,000,000

NET LOSS PER COMMON SHARE
  - Basic                           $      (.18)    $     (.19)    $     (1.01)    $     (.48)
                                    -----------     -----------    -----------     -----------
  - Diluted                         $      (.18)    $     (.19)    $     (1.01)    $     (.48)
                                    -----------     -----------    -----------     -----------
</TABLE>






See accompanying notes to consolidated financial statements.



                                   -5-

<PAGE>

                  EAGLE BUILDING TECHNOLOGIES, INC.
                CONSOLIDATED STATEMENTS OF CASH FLOWS
                             (Unaudited)

<TABLE>
<CAPTION>
                                                  Six Months Ended
                                               June 30,        June 30,
                                                 2002            2001
                                             ------------   ------------
<S>                                          <C>            <C>
CASH FLOWS FROM OPERATING
 ACTIVITIES:
  Net loss                                   $ (7,794,181)  $ (2,415,579)
  Adjustments to reconcile net
   loss to net cash used in
   operating activities:
     Amortization                                 142,372        221,436
     Stock issued for services
       and interest                             4,232,730      1,706,920
     Depreciation                                 100,880         44,278
     Reinvested investment income                     -         (318,500)
  Changes in operating assets
   and liabilities:
     Advances                                         -           16,548
     Accounts receivable                          313,617       (331,720)
     Inventories                                 (915,804)       170,176
     Prepaid expenses                                 -         (482,861)
     Deposits                                     744,556        542,602
     Accounts payable and
       accrued expenses                          (717,972)    (2,099,168)
                                             ------------   ------------
   NET CASH USED IN
     OPERATING ACTIVITIES                      (3,893,802)    (2,945,868)
                                             ------------   ------------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Investment in subsidiaries
    (net of cash acquired)                            -          (80,225)
  Increase in investments and deferred
    development costs                            (651,978)    (1,000,556)
  Purchase of property, plant
   and equipment                                 (231,040)       (30,947)
                                             ------------   ------------
   NET CASH USED IN
     INVESTING ACTIVITIES                        (883,018)    (1,111,728)
                                             ------------   ------------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Cash overdraft                                      -             (439)
  Net advances from officer                           -       (1,095,372)
  Proceeds from notes payable                   4,832,224      5,034,303
  Payments on notes payable                    (1,102,862)           -
  Purchase of treasury stock                          -          (50,000)
  Proceeds from issuance of stock                 986,181      2,924,999
                                             ------------   ------------
   NET CASH PROVIDED BY
    FINANCING ACTIVITIES                        4,715,543      6,813,491
                                             ------------   ------------

NET INCREASE (DECREASE ) IN CASH                  (61,277)     2,755,895

CASH AT BEGINNING OF PERIOD                       174,686            -
                                             ------------   ------------
CASH AT END OF PERIOD                        $    113,409   $  2,755,895
                                             ============   ============

</TABLE>


                                   -6-

<PAGE>


                  EAGLE BUILDING TECHNOLOGIES, INC.
           CONSOLIDATED STATEMENTS OF CASH FLOWS (Cont'd)
                             (Unaudited)

<TABLE>
<CAPTION>

                                                 Six Months Ended
                                               June 30,       June 30,
                                                 2002           2001
                                             ------------   ------------
<S>                                          <C>            <C>

CASH PAID DURING PERIOD FOR INTEREST         $     27,310   $     40,892


SUPPLEMENTAL DISCLOSURE:

During the six months ended June 30, 2001, the Company issued stock at the
following values:

       Note payable conversions                $1,812,729
       Settlement of accrued expense              101,485

</TABLE>







See accompanying notes to consolidated financial statements.



                                   -7-

<PAGE>

                     EAGLE BUILDING TECHNOLOGIES, INC.
               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                            JUNE 30, 2002

NOTE 1 -  BASIS OF PRESENTATION

          The accompanying interim consolidated financial statements of
          Eagle Building Technologies, Inc. (the "Company") are
          unaudited, but in the opinion of management reflect all
          adjustments (consisting of normal recurring accruals)
          necessary for a fair presentation of the results for such
          periods.  The results of operations for any interim period are
          not necessarily indicative of the results for the respective
          full year.  These condensed financial statements should be
          read in conjunction with the financial statements and notes
          thereto contained in the Company's annual report on Form 10-
          KSB for the year ended December 31, 2001 as filed with the
          Securities and Exchange Commission.

NOTE 2 -  STOCKHOLDERS' EQUITY

          Changes in Stockholders' Equity - The following represents the
          changes in stockholders' equity from January 1, 2002 through
          June 30, 2002:

<TABLE>
<CAPTION>

                                                              Additional
                                             Common             Paid In
                                         Shares     Amount      Capital
                                       ---------   -------   -----------
<S>                                    <C>         <C>       <C>
     Balance - Jan. 1, 2002            7,015,271   $ 7,015   $31,399,870
     Common stock sold for cash          110,333       110       986,071
     Issuance of Common Stock
       for services and interest         513,333       514     4,232,216
                                       ---------   -------   -----------
     Balance  - June 30, 2002          7,638,937   $ 7,639   $36,618,157
                                       =========   =======   ===========
</TABLE>

NOTE 3 -  RECLASSIFICATION

          Certain liability amounts in the Company's December 31, 2001,
          balance sheet have been reclassified to conform to the June
          30, 2002 presentation.

NOTE 4 -  WEIGHTED AVERAGE SHARES

          Loss per common share is computed using the weighted average
          number of common shares outstanding.  Common equivalent shares
          consist of the companies stock options and warrants and are
          considered to be anti-dilutive common stock equivalents,
          determined by using the treasury stock method.




                                   -8-

<PAGE>


ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS

     The analysis of the Company's financial condition, liquidity,
capital resources and results of operations should be viewed in
conjunction with the accompanying financial statements including the
notes thereto.

Financial Condition

     At June 30, 2002, the Company had total assets of $17,057,073, as
compared to total assets of $15,876,397 at December 31, 2001; total
liabilities[1] of $22,710,199 at June 30, 2002, as compared to total
liabilities of $18,954,253 at December 31, 2001; and stockholders'
deficit at June 30, 2002 of $(6,821,874), as compared to $(4,246,604) at
December 31, 2001.  The increase in stockholders' deficit was primarily
due to the loss incurred for the six months ended June 30, 2002 offset
by cash sales and issuances of the Company's common stock for services.

Liquidity and Capital Resources

     As of June 30, 2002, the Company's cash totaled $113,409 as compared
to $174,686 at December 31, 2001.  Net cash used in operations was
$3,893,802 compared to $2,945,868 in the same six month period of 2001.

     In July 2002, the Company restructured $5,340,000 of long term debt
to certain Directors and/or affiliates of Directors wherein the
conversion price to common stock was reduced from $10.00 per share to
$5.00 per share.  In addition, the Company pledged all unencumbered
assets to secure the outstanding debts.

     The Company knows of no trend, additional demand, event or
uncertainty that will result in, or that are reasonably likely to result
in the Company's liquidity increasing or decreasing in any material way.


Results of Operations

     Sales for the three and six months ended June 30, 2002 were $183,089
and $494,650 compared with sales of $1,805,267 and $2,416,411 in the same
periods of 2001.  The Company experienced a net loss of $1,406,986 for
the quarter ended June 30, 2002, and a net loss of $7,794,181 for the six


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

[1]  As a result of the Company's investigation in connection with the
     restatement of its 2000 and 2001 financials, the Company believes that
     there may be third parties to whom Anthony D'Amato, the Company's former
     Chairman and CEO, has obligated, or made representations purporting to
     obligate, the Company, or to issue equity in the Company without the
     knowledge or authorization of the Company's Board of Directors. The
     Company will continue to investigate and determine the validity of any
     such third party claims on a case by case basis.  At the time of this
     filing, the Company cannot determine the financial impact, if any, to the
     Company as a result of Mr. D'Amato's actions.



                                   -9-

<PAGE>


months ended June 30, 2002 compared to a net loss of $1,013,126 and
$2,415,579 for the same periods of 2001.  The net losses for the six
months ended June 30, 2002 and 2001 included expenses of $4,232,730 and
$1,706,920 due to the issuance of common stock for services and interest.

FORWARD LOOKING STATEMENTS

     Statements made in this Management's Discussion and Analysis and
elsewhere in this Annual Report that state the Company's or management's
intentions, hopes, beliefs, expectations or predictions of the future
contain forward looking statements. Such forward looking statements
include, without limitation, statements regarding the Company's planned
capital expenditure requirements, cash and working capital requirements,
the Company's expectations regarding the adequacy of current financing
arrangements, product demand and market growth, other statements
regarding future plans and strategies, anticipated events or trends, and
similar expressions concerning matters that are not historical facts. It
should be noted that the Company's actual results could differ materially
from those contained in such forward looking statements mentioned above
due to adverse changes in any number of factors that affect the Company's
business including, without limitation, risks associated with investing
in and the marketing of IMSI's Wall System, risks concerning the
protection of IMSI's patents, reliance upon distributors, regulatory
risks, risks of expansion, product liability and other risks described
herein.






                                   -10-

<PAGE>

                       PART II - OTHER INFORMATION

Item 1.   LEGAL PROCEEDINGS
          -----------------


          The following pending legal proceedings were originally
          reported in the Company's Form 10-KSB for the year ended
          December 31, 2001, filed on August 20, 2002.  These pending
          legal proceedings are updated as following

          Class Actions

          Kelso Capital et al. v. Eagle Building Technologies, Inc.,
          ----------------------------------------------------------
          Anthony D'Amato, Paul-Emile Desrosiers and Tanner + Co.
          -------------------------------------------------------
          (Southern District of Nevada, Civil Case No. CV-S-02-0367-PMP-
          PAL, filed March 15, 2002)


          Alan Davidson and Victor Kashner v. Eagle Building
          --------------------------------------------------
          Technologies, Inc. (United States District Court, Southern
          ------------------
          District of Florida, Case No. 02-80323-CIV-RYSKAMP, filed
          March 26, 2002)


          Marc Newman, Kenneth Wait, Dr. Anthony Roberts and Dana Davis,
          --------------------------------------------------------------
          et al. v. Eagle Building Technologies, Inc., Anthony D'Amato,
          -------------------------------------------------------------
          Dr. Ralph Thomson, Andros Savvides, Wilfred G. Mango, Jr.,
          ----------------------------------------------------------
          Donald Pollock, Robert Kornahrens, Charles A. Gargano, Samuel
          -------------------------------------------------------------
          Gejedson, Meyer A. Berman and Tanner + Co. (United States
          ------------------------------------------
          District Court, Southern District of Florida, Case No. 02-
          80294-CIV-RYSKAMP, filed April 5, 2002)


          Inglewood Holdings, Ltd. V. Eagle Building Technologies, Inc.,
          --------------------------------------------------------------
          and Anthony D'Amato (United States District Court, Southern
          -------------------
          District of Florida, Case No. 02-80340-CIV-MIDDLEBROOKS, filed
          April 16, 2002)


          David D. Pain v. Eagle Building Technologies, Inc. and Anthony
          --------------------------------------------------------------
          D'Amato (United States District Court, Southern District of
          -------
          Florida, Case No. 02-80372-CIV-HURLEY, filed April 24, 2002)


          Jeff Gass v. Eagle Building Technologies, Inc., Anthony
          -------------------------------------------------------
          D'Amato, Paul-Emile Desrosiers and Tanner + Co. (United States
          -----------------------------------------------
          District Court, District of Nevada, Case No. CV-S-02-0640-PMP-
          RJJ, filed May 6, 2002)


          Robert Gluck v. Eagle Building Technologies, Inc. et al.
          -------------------------------------------------------
          (United States District Court, Southern District of Florida,
          Case No. 02-CV-80302, filed April 8, 2002)


          Guerrilla IRA Partners, L.P. v. Eagle Building Technologies,
          ------------------------------------------------------------
          Inc. and Anthony D'Amato (United States District Court,
          ------------------------
          Southern District of Florida, Case No. 02-CV-80403, filed May
          3, 2002)



                                   -11-

<PAGE>


          All of the above complaints were filed in the United States
          District Courts for Florida and Nevada seeking class action
          certification for alleged securities violations by Eagle
          pursuant generally to Section 10(b) and 20(a) of the Exchange
          Act and Sec Rule 10b-5 promulgated thereunder.  The complaints
          generally alleges that Eagle intentionally perpetrated a fraud
          upon the public by the dissemination of false and misleading
          information.  By Order dated July 31, 2002, the Court
          consolidated all of these cases and appointed certain parties
          as lead Plaintiffs and their attorneys lead counsel for the
          class.  A consolidated complaint has yet to be filed.  We
          anticipate that lead plaintiffs' counsel, once appointed, will
          file a consolidated Complaint.  No trial date has been set.
          We are unable to express an opinion regarding the outcome of
          this litigation or as to any potential loss or range of loss
          to the Company in the event that either a favorable or
          unfavorable outcome results.


          Paul-Emile Desrosiers v. Eagle Building Technologies, Inc.
          ----------------------------------------------------------
          (15th Judicial Circuit in and for Palm Beach County, Florida,
          Civil Case No. CA 02-03431 AA).  This is an action filed
          against the Company on April 1, 2002, by the former President
          and Chief Executive Officer of the Company seeking damages in
          excess of $15,000 for allegedly owed compensation and
          reinstatement as an officer and director.  The Company filed
          a motion to dismiss five of the six counts in the complaint;
          the Court heard oral argument on June 28, 2002.  On July 25,
          2002, the Court dismissed without prejudice the counts seeking
          declaratory relief and damages for retaliation, while
          dismissing with prejudice the counts requesting injunctive
          relief.  On or about August 13, 2002, Desrosiers filed an
          amended complaint seeking declaratory relief and damages.  The
          Company's response to the amended complaint is due on August
          28, 2002.  Discovery  is in its preliminary stages.  No trial
          date has been set.  We are unable to express an opinion
          regarding the outcome of this litigation or as to any
          potential loss or range of loss to the Company in the event
          that either a favorable or unfavorable outcome results.


          Polysolutions Corp. and Bullhide Liner of Broward County, Inc.
          --------------------------------------------------------------
          v. Eagle Capital International, Inc. (14th Judicial Circuit
          ------------------------------------
          Court  in and for Palm Beach County, Florida, Civil Case No.
          CA-01-9017AB).  The complaint was filed on September 4, 2001.
          On or about April 23, 2002, Plaintiffs filed a motion to amend
          the complaint to name Anthony D'Amato, Ralph Thomson, Richard
          Lahey, Andros Savvides, Wilfred Mango, Donald Pollack, Robert
          Kornahrens, Charles Gargano, Samuel Gejdenson, Meyer Berman,
          Howard Ash, and Bruce Mauldin as individual defendants.  The



                                   -12-

<PAGE>

          motion remains pending.  The Amended Complaint alleges counts
          for breaches of contract, fraud in the inducement and breach
          of fiduciary duty.  The law firm of Broad & Cassel, located in
          Fort Lauderdale, Florida, recently substituted in as counsel
          for the Company in this matter.


          Jennifer Nina v. Eagle Building Technologies, Inc. (15th
          --------------------------------------------------
          Judicial Circuit in and for Palm Beach County, Florida, Civil
          Case No. CA 02-4297AE).  This complaint was filed April 10,
          2002, alleging claims for unlawful termination, retaliation,
          breach of contract and unpaid wages, and seeking damages in
          excess of $15,000.00.  On or about May 6, 2002, the Company
          filed a motion to dismiss certain claims, which alleged
          retaliatory discharge.  The Court, by order entered June 26,
          2002, granted that motion, dismissing those claims without
          prejudice.  On July 24, 2002, the Company filed an answer
          denying liability and asserting affirmative defenses.
          Discovery is in the preliminary stages.  No trial date has
          been set.  We are unable to express an opinion regarding the
          outcome of this litigation or as to any potential loss or
          range of loss to the Company in the event that either a
          favorable or unfavorable outcome results.


          Julio Cruz, Jr. v Eagle Building Technologies, Inc. ((15th
          ---------------------------------------------------
          Judicial Circuit in and for Palm Beach County, Florida, Civil
          Case No. CA 02-005668-AF).  This is an action filed on May 15,
          2002, by a former employee of the Company seeking damages in
          excess of $15,000 for wrongful termination, retaliation,
          unpaid wages, and breach of contract.  The Company filed a
          motion to dismiss certain claims, which alleged retaliatory
          discharge.  The Court granted that motion by Order dated June
          28, 2002, dismissing those claims without prejudice.  The
          Company answered the remaining counts of the Company on July
          24, 2002, denying liability and asserting affirmative
          defenses.  Discovery is in the preliminary stages.  No trial
          date has been set.  We are unable to express an opinion
          regarding the outcome of this litigation or as to any
          potential loss or range of loss to the Company in the event
          that either a favorable or unfavorable outcome results.


          Gina Nicoleau v. Eagle Building Technologies, Inc. (15th
          --------------------------------------------------
          Judicial Circuit in and for Palm Beach County, Florida, Civil
          Case No. CA-02-05675-AH).  This complaint was filed on June
          14, 2002, by a former employee of the Company seeking damages
          in excess of $15,000 for wrongful termination, retaliation,
          unpaid wages, and breach of contract.  Plaintiff filed an
          amended complaint on or about July 10, 2002, dropping the
          retaliation claims.  The Company answered the amended
          complaint on July 24, 2002, denying liability and asserting




                                   -13-

<PAGE>

          affirmative defenses.  Discovery is in the preliminary stages.
          No trial date has been set.  We are unable to express an
          opinion regarding the outcome of this litigation or as to any
          potential loss or range of loss to the Company in the event
          that either a favorable or unfavorable outcome results.

          For additional information concerning pending legal
          proceedings, see Item 3 - Legal Proceedings in the Company's
          Form 10-KSB for the year ended December 31, 2001 filed on
          August 20, 2002.


Item 2.   CHANGE IN SECURITIES
          --------------------

          Not Applicable


Item 3.   DEFAULTS UPON SENIOR SECURITIES
          -------------------------------

          Not Applicable


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

          Not Applicable


Item 5.   OTHER INFORMATION
          -----------------

          See information contained in Item 9 - Directors, Executive
          Officers, Promoters and Control Persons; Compliance with
          Section 16(a) of the Exchange Act in the Company's Form 10-KSB
          for the year ended December 31, 2001 filed on August 20, 2002.

          On August 22, 2002, the Company entered into a Binding Letter
          of Intent to acquire fifty-one percent (51%) of the issued and
          outstanding shares of Advanced Construction and Manufacturing
          Technologies-Pueblo (ACMT-P), a privately held Nevada
          corporation controlled by Wynn Westmoreland.  ACMT-P has
          represented that it will have firm orders to construct
          mortarless wall system components for approximately 42,000
          homes to be built in Mexico over the next five (5) years.  The
          Company will issue to ACMT-P or its designees 2,244,000
          restricted shares of the Company's common stock.  The shares
          will be held in escrow by the Company until ACMT-P meets
          specific minimum housing contract commitments at which time
          the restricted shares will be released as follows: 25% upon
          confirmation by the Company of firm contracts for 12,000
          housing units; another 25% upon confirmation of firm contracts
          for a minimum of 21,000 housing units on or before November
          30, 2002; and the balance of the restricted shares to be
          released on a pro-rata basis upon confirmation of firm



                                   -14-

<PAGE>

          commitments for the entire 42,000 housing units.

          In July 2002, the Company restructured $5,340,000 of long term
          debt to certain Directors and/or affiliates of Directors
          wherein the conversion price to common stock was reduced from
          $10.00 per share to $5.00 per share.  In addition, the Company
          pledged all unencumbered assets to secure the outstanding
          debts.


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

          (a)  There are no exhibits required to be filed for the
               period covered by this Report.

          (b)(i)    On or about April 26, 2002, the Company filed a
                    Report on Form 8-K announcing several class action
                    complaints have recently been filed against Eagle
                    Building Technologies, Inc. ("Eagle") in federal
                    court alleging violations of certain provisions of
                    the Securities Exchange Act of 1934 and certain
                    rules and regulations thereunder.  The suits arise
                    from the company's financial statements filed for
                    the periods December 31, 2000 to September 30, 2001
                    and certain press releases issued during the fall
                    of 2001. Eagle has requested an extension of time
                    to respond to the lawsuit filed against it by the
                    Securities and Exchange Commission ("SEC") based on
                    its settlement discussions with the SEC.  Eagle is
                    continuing to work with its outside auditors,
                    Tanner + Co., to restate the above-referenced
                    financial statements and to complete Eagle's
                    financial statement for the period ending December
                    31, 2001.  Eagle recently named Dr. Martin Shubik
                    to its board of directors. Dr. Shubik has a Ph.D.
                    in mathematical economics from Princeton University
                    and has held the Seymour H. Knox Professorship in
                    institutional economics at Yale University since
                    1975.

               (ii) On or about May 30, 2002, the Company filed a
                    Report on Form 8-K announcing that it has settled
                    the action brought against it by the Securities and
                    Exchange Commission ("SEC") without admitting or
                    denying the allegations contained in the SEC's
                    complaint. As part of the settlement, Eagle has
                    consented to the entry of a final judgment of
                    permanent injunction against it enjoining it from
                    violating the anti-fraud, periodic reporting, and
                    recordkeeping provisions of the federal securities
                    laws.



                                   -15-

<PAGE>


                            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.

                              EAGLE BUILDING TECHNOLOGIES, INC.


August 29, 2002               By:  /s/Dan Curlee
                                 ----------------------------------
                                 Dan Curlee, President and CEO



         CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICERS
               PURSUANT TO 18 U.S.C. SECTION 1350

  In connection with the accompanying quarterly Report on Form 10-QSB
of Eagle Building Technologies, Inc. for the period ended June 30, 2002,
Dan Curlee, President and Chief Executive Officer, and Meyer Berman,
Chairman, Acting Chief Financial Officer and Director of Eagle Building
Technologies, Inc.  hereby certify pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the
best of my knowledge and belief, that:

       (a)    such quarterly Report on Form 10-QSB for the period ended
              June 30, 2002, fully complies with the requirements o
              section 13(a) or 15(d) of the Securities Exchange Act of
              1934; and

       (b)    the information contained in such quarterly Report on Form
              10-QSB for the period ended June 30, 2002, fairly presents,
              in all material respects, the financial condition and results
              of operations of Eagle Building Technologies, Inc.

                             EAGLE BUILDING TECHNOLOGIES, INC.


Dated: August 29, 2002       By:   /s/Dan Curlee
                                ------------------------------------
                                Dan Curlee, President and CEO


Dated: August 29, 2002       By:  /s/Meyer Berman
                                ------------------------------------
                                Meyer Berman, Chairman, Acting
                                Chief Financial Officer and Director





                                   -16-

<PAGE>