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 September 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.)


        700 East Palmetto Park Road, Boca Raton, Florida 33432
        ------------------------------------------------------
              (Address of principal executive offices )


                            (561) 391-7899
           ------------------------------------------------
           (Issuer's telephone number, including area code)


       225 N.E. Mizner Boulevard, Suite 502, Boca Raton, FL 33432
       ----------------------------------------------------------
         (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 7,795,046 shares of  Common  Stock,  $.001 par  value,
issued  and outstanding at September 30, 2002.


<PAGE>

                  EAGLE BUILDING TECHNOLOGIES, INC.

                                INDEX



PART I.    FINANCIAL INFORMATION

    Item 1.     Consolidated Financial Statements

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

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

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

                Notes to Consolidated Financial Statements.

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

    Item 3.     Controls and Procedures

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

                                     September 30,   December 31,
                                         2002            2001
                                     -------------   ------------
                                      (Unaudited)
<S>                                  <C>             <C>
CURRENT ASSETS:
  Cash                               $     42,157    $    174,686
  Accounts Receivable, net                526,191         758,365
  Inventories                           1,895,330       1,525,131
  Prepaid expenses                         37,152          25,152
                                     ------------    ------------
      TOTAL CURRENT ASSETS              2,500,830       2,483,334
                                     ------------    ------------

PROPERTY AND EQUIPMENT, net             3,441,250       2,946,754
                                     ------------    ------------

OTHER ASSETS -
  Deferred development costs            3,328,702       2,629,139
  Investment in unconsolidated
   subsidiaries                           386,820         386,820
 Intangible assets                      7,216,791       7,430,350
                                     ------------    ------------
      TOTAL OTHER ASSETS               10,932,313      10,446,309
                                     ------------    ------------

             TOTAL ASSETS            $ 16,874,393    $ 15,876,397
                                     ============    ============

              LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES:
 Accounts payable and
   accrued expenses                  $  6,749,082    $  6,686,911
 Notes payable                          8,784,958       5,364,008
 Deposits                                 766,124         550,485
                                     ------------    ------------
    TOTAL CURRENT LIABILITIES          16,300,164      12,601,404
                                     ------------    ------------

LONG TERM LIABILITIES                   7,473,457       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
  7,639,212 and 7,015,271 shares
  issued and outstanding at
  September 30, 2002 and
  December 31, 2001                         7,639           7,015
 Additional paid in capital            36,618,157      31,399,870
 Accumulated deficit                  (44,693,772)    (35,653,489)
                                     ------------    ------------
    TOTAL STOCKHOLDERS' DEFICIT        (8,067,976)     (4,246,604)
                                     ------------    ------------

     TOTAL LIABILITIES AND
       STOCKHOLDERS' DEFICIT         $ 16,874,393    $ 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            Nine Months Ended
                                           September 30,                  September 30,
                                       2002            2001           2002            2001
                                   -----------     -----------    -----------     -----------
<S>                                <C>             <C>            <C>             <C>

SALES                              $ 1,671,162     $   501,488    $ 2,165,812     $ 2,917,899

COSTS OF SALES                       1,280,659         567,705      1,581,182       2,275,285
                                   -----------     -----------    -----------     -----------
GROSS PROFIT                           390,503         (66,217)       584,630         642,614

SELLING, GENERAL AND
 ADMINISTRATIVE EXPENSES             1,253,460       3,832,354      8,591,558       7,215,884
                                   -----------     -----------    -----------     -----------

LOSS FROM OPERATIONS                  (862,957)     (3,898,571)    (8,006,928)     (6,573,270)

OTHER INCOME (EXPENSES):
 Litigation settlement                     -           230,000            -           230,000
 Foreign currency exchange gain            -           173,862            -           173,862
 Investment income                         -           142,109            -           460,609
 Interest expense                     (383,145)       (263,440)    (1,033,355)       (322,820)
                                   -----------     -----------    -----------     -----------

LOSS BEFORE INCOME TAXES            (1,246,102)     (3,616,040)    (9,040,283)     (6,031,619)

PROVISION FOR INCOME TAXES                 -               -              -               -
                                   -----------     -----------    -----------     -----------

NET LOSS                           $(1,246,102)    $(3,616,040)   $(9,040,283)    $(6,031,619)
                                   ===========     ===========    ===========     ===========

WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING
  - Basic                            7,795,000       6,253,000      7,724,000       5,288,000
  - Diluted                          7,795,000       6,253,000      7,724,000       5,288,000

NET LOSS PER COMMON SHARE
  - Basic                          $      (.16)     $     (.58)   $     (1.17)    $     (1.14)
                                   -----------     -----------    -----------     -----------
  - Diluted                        $      (.16)     $     (.58)   $     (1.17)    $     (1.14)
                                   -----------     -----------    -----------     -----------
</TABLE>



See accompanying notes to consolidated financial statements.



                                5

<PAGE>

                  EAGLE BUILDING TECHNOLOGIES, INC.
                CONSOLIDATED STATEMENTS OF CASH FLOWS
                             (Unaudited)
<TABLE>
<CAPTION>
                                             Nine Months Ended
                                                September 30,
                                            2002            2001
                                        -----------     -----------
<S>                                     <C>             <C>
CASH FLOWS FROM OPERATING
 ACTIVITIES:
  Net loss                              $(9,040,283)    $(6,031,619)
  Adjustments to reconcile net
   loss to net cash used in
   operating activities:
     Amortization                           213,559         110,780
     Stock issued for services
       and interest                       4,232,730       5,087,506
     Depreciation                           151,320          29,817
     Litigation settlement                      -          (230,000)
  Changes in operating assets
   and liabilities:
     Advances                                   -          (389,554)
     Accounts receivable                    232,174        (182,983)
     Inventories                           (370,199)        (16,435)
     Prepaid expenses                       (12,000)     (1,390,502)
     Deposits                               215,639         319,671
     Accounts payable and
       accrued expenses                      62,171      (1,697,926)
                                        -----------     -----------
   NET CASH USED IN
     OPERATING ACTIVITIES                (4,314,889)     (4,391,245)
                                        -----------     -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Investment in subsidiaries
    (net of cash acquired)                      -          (187,716)
  Increase in deferred
    development costs                      (699,563)       (220,880)
  Purchase of property, plant
   and equipment                           (645,816)        (36,315)
                                        -----------     -----------
   NET CASH USED IN
    INVESTING ACTIVITIES                 (1,345,379)         (3,151)
                                        -----------     -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Cash overdraft                                -              (439)
  Net advances to officer                       -          (977,220)
  Proceeds from notes payable             5,811,822       5,390,309
  Payments on notes payable              (1,270,264)            -
  Purchase of treasury stock                    -           (50,000)
  Proceeds from issuance of stock           986,181       3,202,838
                                        -----------     -----------
   NET CASH PROVIDED BY
    FINANCING ACTIVITIES                  5,527,739       7,565,488
                                        -----------     -----------

NET INCREASE (DECREASE ) IN CASH           (132,529)      3,171,092

CASH AT BEGINNING OF PERIOD                 174,686             -
                                        -----------     -----------

CASH AT END OF PERIOD                   $    42,157     $ 3,171,092
                                        ===========     ===========
</TABLE>




                                6

<PAGE>

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

<TABLE>
<CAPTION>
                                             Nine Months Ended
                                                September 30,
                                            2002            2001
                                         -----------     ----------
<S>                                      <C>             <C>

CASH PAID DURING PERIOD FOR INTEREST     $       -       $   65,669

</TABLE>

SUPPLEMENTAL DISCLOSURE:

During the nine months ended September 30, 2001, the Company issued stock at
the following values:

    Note payable conversions                $2,017,415
    Settlement of accrued expense              101,485
























See accompanying notes to consolidated financial statements.



                                7

<PAGE>



                  EAGLE BUILDING TECHNOLOGIES, INC.
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                        SEPTEMBER 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
          September 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        513,608        514       4,232,216
                                 ---------   --------     -----------

Balance  - September 30, 2002    7,639,212   $  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 September
          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>


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.

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 September 30, 2002, the Company had total assets of $16,874,393, as
compared to total assets of $15,876,397 at December 31, 2001; total
liabilities[1] of $23,773,621 at September 30, 2002, as compared to total
liabilities of $18,954,253 at December 31, 2001; and stockholders' deficit
at September 30, 2002 of $(8,067,976), as compared to $(4,246,604) at
December 31, 2001.  The increase in stockholders' deficit was primarily due
to the loss incurred for the nine months ended September 30, 2002 offset by
cash sales and issuances of the Company's common stock for services.

Liquidity and Capital Resources

     As of September 30, 2002, the Company's cash totaled $42,157 as
compared to $174,686 at December 31, 2001.  Net cash used in operations was
$4,314,889 compared to $4,391,245 in the same nine month period of 2001.


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


[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>


     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 nine months ended September 30, 2002 were
$1,671,162 and $2,165,812 compared with sales of $501,488 and $2,917,899 in
the same periods of 2001.  The Company experienced a net loss of $1,246,102
for the quarter ended September 30, 2002, and a net loss of $9,040,283 for
the nine months ended September 30, 2002 compared to a net loss of
$3,616,040 and $6,031,619 for the same periods of 2001.  The net losses for
the nine months ended September 30, 2002 and 2001 included expenses of
$4,232,730 and $5,087,506 due to the issuance of common stock for services
and interest.

Item 3.   Control and Procedures
          ----------------------

     (a)  Evaluation of Disclosure Controls and Procedures.
          -------------------------------------------------

     Within the 90 days prior to the date of this report, Eagle Building
Technologies, Inc. ("the Company") carried out an evaluation, under the
supervision and with the participation of the Company's management,
including the Company's President and Chief Financial Officer, of the
effectiveness of the design and operation of the Company's disclosure
controls and procedures pursuant to Exchange Act Rule 13a-14.  Based upon
that evaluation, the President and Chief Financial Officer concluded that
the Company's disclosure controls and procedures are effective in timely
alerting the Company to material information required to be included in the
Company's periodic SEC filings relating to the Company (including its
consolidated subsidiaries).

     (b)  Changes in Internal Controls
          ----------------------------

     There were no significant changes in the Company's internal controls
or in other factors that could significantly affect these internal controls
subsequent to the date of our most recent evaluation.





                                10

<PAGE>

                    PART II - OTHER INFORMATION


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

       Pending Litigation:
       -------------------

       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

       In re Eagle Building Technologies, Inc. Securities Litigation
       -------------------------------------------------------------
       (United States District Court, Southern District of Florida,
       Civil Case No. 02-80294, filed April 5, 2002)

       This Consolidated Complaint was filed in the United States
       District Court for the Southern District of Florida 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 Complaint
       generally alleges that Eagle intentionally perpetrated a fraud
       upon the public by the dissemination of false and misleading
       information.  The Complaint also names as defendants Tanner +
       Co., Anthony D'Amato, and Paul-Emile Desrosiers.  By Order dated
       July 31, 2002, the Court consolidated this case with other
       related cases against the Company and appointed certain parties
       as lead Plaintiffs and their attorneys lead counsel for the
       class.  Accordingly, the following cases were closed by the Court
       and thus are no longer active cases:

       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)

       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)




                                11

<PAGE>


       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

       A Consolidated Complaint was filed on October 15, 2002.  The
       Company's response is due on November 29, 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.

       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 filed an answer denying liability and
       asserting counterclaims against Desrosiers, generally alleging
       that Desrosiers defrauded the Company and breached his employment
       agreement and his duties as a director and as an officer of the
       Company.  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. (15th 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
       motion remains pending.  The Amended Complaint alleges counts for
       breaches of contract, fraud in the inducement and breach of
       fiduciary duty.  On October 17, 2002,            the Company



                                12

<PAGE>


       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.

       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 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



                                13

<PAGE>


       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.

       Mark Neuman v. Anthony D'Amato, Wilfred G. Mango, Jr., Donald
       -------------------------------------------------------------
       Pollack, Ralph Thomson, Robert Kornahahrens, Charles A. Gargano,
       ----------------------------------------------------------------
       Samuel Gejedenson, Meyer Berman, Richard W. Lahey, and Eagle
       ------------------------------------------------------------
       Building Technologies, Inc. (Case No. 02-05560 AG in the 15th
       ---------------------------
       Circuit Court for Palm Beach County, Florida

       This is a shareholder derivative suit seeking damages in excess
       of $15,000 brought by a shareholder of the Company purportedly
       on behalf of the Company itself.  The Company and all of the
       individual defendants except D'Amato filed a motion to dismiss
       the complaint on July 3, 2002.  The Court did not rule on that
       motion because the plaintiff agreed to file an amended complaint.
       The plaintiff has not yet filed its amended complaint, so no
       response by the Company is due yet.  No discovery has occurred
       and 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.

       Actionable Intelligence Technologies, Inc. v. Eagle Building
       ------------------------------------------------------------
       Technologies, Inc. (Case No. 02-3197 AB in the 15th Circuit Court
       ------------------
       for Palm Beach County, Florida

       This is a suit filed on March 12, 2002, by a company based in San
       Diego, California, arising out of the Company's alleged breach
       of a contract between the parties and seeking damages in excess
       of $15,000.  On April 30, 2002, the Company filed an answer to
       the complaint denying liability and asserting affirmative
       defenses.  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.

       New Litigation:
       ---------------

       A.R.H. Family, LTD., Corey L. Hart and Ray L. Hart Living Trust,
       ----------------------------------------------------------------
       JDCAN Holdings, LP, John R. McLaughlin, Terry E. McLaughlin, Jun
       ----------------------------------------------------------------
       Ming Trading, Ltd., Ken Taylor, Last Time Around, LP., Michael
       --------------------------------------------------------------
       Kenoyer and Pomposh Zutshi v. Eagle Building Technologies, Inc.,
       ----------------------------------------------------------------
       Eagle Capital International Ltd., n/k/a Eagle Building
       ------------------------------------------------------
       Technologies, Inc., Eagle Fuller International, Ltd., and Fuller
       ----------------------------------------------------------------
       International Development, Ltd., (Case No. GN203813 in the 345
       -------------------------------
       Judicial District for Travis County, Texas)

       This is a petition for interpleader and a declaratory judgment,
       filed on October 21,2002, in the District Court in and for Travis



                                14

<PAGE>


       County, Texas, by a group purporting to have made loans to, and
       investments in, Eagle and related companies.  The suit asks the
       court to value the plaintiffs' holdings in Eagle and determine
       corrective action to comply with the Florida usury statute.
       Eagle was not served at it's principal office.  Plaintiffs allege
       that service was properly effected on Eagle's agent in Texas.
       The parties have agreed to extend the deadline for Eagle's
       response to the complaint with Eagle fully preserving all of its
       defenses, including improper service of process.  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 Eagle in the
       event that either a favorable or an unfavorable outcome results.

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

       Not Applicable

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

       The Company has been in material default for more than thirty
       (30) days with respect to the following indebtedness which in the
       aggregate exceeds five percent (5%) of the total assets of the
       Company, to wit:

       (a)  Heber-Bishop Note                  $  100,000.00
       (b)  Fleming Manufacturing Co. Note        121,879.00
       (c)  David Luce Note                       200,000.00
       (d)  Inglewood Holdings Note               350,000.00
       (e)  William Fleming Note                2,125,000.00
       (f)  Urbina Group Notes[2]               3,000,000.00
                                               -------------
                                     TOTAL     $5,896,879.00
                                               =============


       The above referenced indebtedness is included in the December 31,
       2001 and September 30, 2002 balance sheets set forth in Part I,
       Item 1 (See Consolidated Financial Statements).

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

       Not Applicable

________________________


[2]  With respect to the Urbina Group Notes, the Company disputes the
     indebtedness which is the subject of a pending lawsuit (See Part II,
     Item 1 - Legal Proceedings).




                                15

<PAGE>



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


       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, a Director of the Company.  In
       November 2002, the Company terminated the Binding Letter of
       Intent with ACMT-P.

       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.

       In October 2002, the following individuals were appointed to the
       Company's Board of Directors:

       Saul Fenster: Since 1978, Dr. Fenster has been the President of
       ------------
       The New Jersey Institute of Technology, a public research
       university and has authored two textbooks and numerous research
       papers.  His industrial experience includes a period as Senior
       and Research Engineer with Sperry Rand Corporation and as a
       partner in an industrial consulting firm.  Dr. Fenster currently
       serves on the Board of Directors of IDT Corporation, and on
       numerous science and technology committees.  Dr. Fenster is a
       Fellow of the American Society of Mechanical Engineers and a
       Fellow of the American Society for Engineering Education.  He is
       also a member of the American Association for the Advancement of
       Science, The Society of Manufacturing Engineers and on the
       Council on Competitiveness.  Dr. Fenster earned a B.S. degree
       from City College of New York in 1953, an M.S. degree from
       Columbia University in 1955, and a Ph.D from the University of
       Michigan in 1959.

       J. Warren Blaker: Since 1987, Dr. Blaker has been employed by the
       ----------------
       Centery for Lightwave Science and Technology and has holds the
       positions of Professor of Physics and Chemistry and Director.
       In addition, from 1987 to 1989, Dr. Blaker also held the position
       as the Acting Chair of Electrical Engineering.  Dr. Blacker
       currently serves on the Board of Directors of IDT Corporation.
       In years prior to 1987, Dr. Blaker served as a Senior Consultant
       with Optical Resources, Inc., CEO of University of Optical
       Products, and Vice President of Research and Development of
       Danker Laboratories where he developed new contact lenses and
       lens manufacturing processes.  Dr. Blacker earned his B.S. from




                                16

<PAGE>


       Wilkes University in 1955 and a Ph.D from the Massachusetts
       Institute of Technology in 1958.

       George Gager: Since 1999, Mr. Gager has served as the Managing
       ------------
       Director of Griffon Group, LLC, a consulting practice focused on
       urban revitalization projects over $100 million including
       housing, industrial, office and retail real estate.  From 1997
       to 1999, Mr. Gager was a Community Renaissance Fellow at Yale
       University School of Managment.  From 1994 to 1997, and part-time
       until 2000, Mr. Gager was employed by U.S. Congressman Sam
       Gejdenson.  From 1986 to 1994, Mr. Gager was the Managing
       Director for The Chester Group and Cambium Partners, and from
       1976 to 1986, he was the Chief Operating Officer of Trefoil
       Development Company.  Mr. Gager earned his Bachelor of Arts
       Degree from Connecticut College in 1971.

       Steve Levy: Since 1999, Mr. Levy has been the President of  China
       ----------
       Great Wall New Building Systems, Ltd., the Company's joint
       venture partner in Beijing, PRC.  From 1997 to present, Mr. Levy
       has also been the co-owner of Chaoqi Productions, LLC, an
       independent television production company in China.  From 1978
       to 1995, Mr. Levy was employed as an attorney with the law firm
       of Manatt Phelps and Phillips in Washington D.C. and was a
       partner of the law firm from 1995 to 1997.

       In November, 2002, Wynn Westmoreland resigned as a Director and
       Chief Operating Officer of the Company.

       In November, 2002, Dan Curlee resigned as a Director of the
       Company, and provided ninety (90) day notice of his intention to
       resign as President and Chief Executive Officer of the Company.

       Effective December 1, 2002, Rhys Donald Pollock resigned as an
       Officer and Director of the Company.

       The Company's wholly-owned subsidiary, Great Wall New Building
       Systems, through its fifty-five percent (55%) joint venture
       interest in The Beijing Shang Long Building Materials Co., Ltd.,
       has commenced some initial operations.  The plant is currently
       producing 480,000 paving blocks against an initial user
       requirement of 30,000 square meters of paving materials at a
       price of 27RmB per square meter.  Furthermore, based on having
       obtained local government support, the joint Venture is involved
       in negotiations in the Bank of China for working capital and
       fixed asset financing not to exceed 8 million RmB.  Pending these
       negotiations, the Chinese partner, MYRE, is supplying working
       funds for labor and materials.



                                17

<PAGE>
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)  There were no reports on Form 8-K filed for the period
               covered by this Report.


















                                18

<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.


December 20, 2002          By:/s/ Meyer A. Berman
                              ----------------------------------
                              Meyer A. Berman, President and CEO



          CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER
               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 September 30,
2002, Dan Curlee, President, and Meyer A. Berman, Chief Financial
Officer, 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 our knowledge and belief, that:

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

     2.   The information contained in such quarterly Report on Form 10-
          QSB for the period ended September 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: December 20, 2002     By: /s/ Meyer A. Berman
                                ----------------------------------
                                Meyer A. Berman, President and CEO


Dated: December 20, 2002     By:/s/ Meyer A. Berman
                                ----------------------------------
                                Meyer A. Berman, Chairman and CFO





                                19

<PAGE>


      SECTION 302 CERTIFICATION PURSUANT TO SARBANES-OXLEY ACT OF 2002
      ----------------------------------------------------------------


     I, Meyer A. Berman, Chairman, CEO, President and CFO of Eagle
Building Technologies, Inc. hereby certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Eagle
     Building Technologies, Inc.;

2.   Based on my knowledge, this quarterly report does not contain any
     untrue statement of a material fact or omit to state a material fact
     necessary to make the statements made, in light of the circumstances
     under which such statements were made, not misleading with respect
     to the period covered by this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this quarterly report, fairly present in all
     material respects the financial condition, results of operations and
     cash flows of the registrant as of, and for, the periods presented
     in this quarterly report;

4.   I am responsible for establishing and maintaining disclosure
     controls and procedures (as defined in Exchange Act Rules 13a-14 and
     15d-14) for the registrant and I have:

     (a)  designed such disclosure controls and procedures to ensure
          that material information relating to the registrant,
          including its consolidated subsidiaries, is made known to me
          by others within those entities, particularly during the
          period in which this quarterly report is being prepared;

     (b)  evaluated the effectiveness of the registrant's disclosure
          controls and procedures as of a date within 90 days prior to
          the filing date of this quarterly report (the "Evaluation
          Date"); and

     (c)  presented in this quarterly report my conclusions about the
          effectiveness of the disclosure controls and procedures based
          on my evaluation as of the Evaluation Date;

5.   I have disclosed, based on my most recent evaluation, to the
     registrant's auditors and to the audit committee of registrant's
     board of directors (or persons performing the equivalent function):

     (a)  all significant deficiencies in the design or operation of
          internal controls which could adversely affect the
          registrant's ability to record, process, summarize and report




                                20

<PAGE>

          financial data and have identified for the registrant's
          auditors any material weaknesses in internal controls; and

     (b)  any fraud, whether or not material, that involves management
          or other employees who have a significant role in the
          registrant's internal controls; and

6.   I have indicated in this quarterly report whether or not there were
     significant changes in internal controls or in other factors that
     could significantly affect internal controls subsequent to the date
     of my most recent evaluation, including any corrective actions with
     regard to significant deficiencies and material weaknesses.


Date: December 20, 2002       /s/ Meyer A. Berman
                              ---------------------------------------
                              Meyer A. Berman, Chairman, CEO,
                              President and CFO



























                                21

<PAGE>