Copyright 2001 EDGAR Online, Inc. (ver 1.01/2.003)   Page 16
U.S. Securities and Exchange Commission
Washington, DC 20549


                CONFORMED COPY

                FORM 1O - K SB


 [ X ] ANNUAL REPORT UNDER SECTION 13 or 15(d)
          OF THE SECURITIES EXCHANGE
                     ACT OF 1934

  For the fiscal year ended December 31, 2000

          Commission File No. 0-22678

          QUADRACOMM, INC.
 (Formerly Known As RF Technology, Inc.,
 PM Management Systems, Inc. & Process Based Management,
Inc.)



COLORADO                                 84-1193941

(State or other jurisdiction of   (I.R.S. Employer Identification
 incorporation                        or organization Number)

8019 North Himes Avenue, Suite 310,
Tampa, Florida  33614

(Address of principal executive office)
(Zip code)

Issuers telephone number:      (813) 496-9191


Securities registered under Section 12(b) of
the Exchange Act:   NONE


Securities registered under Section 12(g) of
the Exchange Act:   COMMON STOCK



     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
registration was required to file such
reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes  X_   No ____





     Check if there is no disclosure of
delinquent filers in response to Item 405 of
Regulation S-B is not contained in this form,
and no disclosure will be contained, to the
best of registrants knowledge, in definitive
proxy or information statements incorporated by
reference in Part III of this Form 10-K SB or
any amendment to this Form 10-K SB. [ X ]




     State issuers revenues for its most
current fiscal year.     $-0-

     State the aggregate market value of the
voting stock held by non-affiliates computed by
reference to the price at which the stock was
sold, or the average bid and asked prices of
such stock, as of a specific date within the
past 60 days.  As of December 31, 2000:   $2,043,650.00

     Check whether the issuer has filed all
documents and reports required to be filed by
Section 12, 13 or 15(d) of the Exchange Act
after distribution of securities under a plan
confirmed by a court.
Yes______    No______    Not applicable__X__.

     The number of shares outstanding of each
of the issuers classes of common equity, as of
the latest practicable date.
          7,060,000 SHARES COMMON STOCK

               0 SHARES PREFERRED STOCK






This Form 10-K SB consists of 11 pages.





              TABLE OF CONTENTS

          FORM 10-K SB ANNUAL REPORT

          QUADRACOMM, INC.

Facing Page
Index


                                                       Page


PART I

Item   1            Description of Business               4
Item   2            Description of Property               6
Item   3            Legal Proceedings                     6
Item   4            Submission of Matters to a
                    Vote of Security Shareholders         6

PART II

Item   5          Market for the Registrants
               Common Equity and related
               Stockholder Matters                        7
Item   6            Managements Discussion and
               Analysis of Financial Condition
               and Results of Operations                  7
Item   7            Financial Statements                  8
Item   8            Changes in and
               Disagreements on Accounting
               and Financial Disclosure                   8

PART III

Item   9            Directors, Executive Officers,
                Promoters and Control persons,
                Compliance with Section 16(a)
                of the Exchange Act                       9

Item 10             Executive Compensation                10

Item 11             Security Ownership of Certain
                Beneficial Owners and Management          11

Item 12             Certain Relationships and
               Related Transactions                       11

Item 13             Exhibits and Reports on Form 8-K      11

Signatures                                                11



                    PART I

Item 1.             Description of Business

     (a)       General Development of Business

      PM Management Systems, Inc. (the
Company or Registrant) was incorporated
under the laws of the State of Colorado on
March 13, 1992, as Processed Based Management,
Inc.  The Company was a management consulting
service selling its services to business and
industry specializing in selling (i) management
computer software, (ii) advertising and
marketing services, and (iii) general business
management advice wherein it related to
computer software.

     On September 5, 1994 the Company acquired
all of the outstanding ownership interests in
Ad-A-Cab America, LLC, a Wyoming Limited
Liability Company.  To affect the
reorganization pursuant to Section 368(a) (1)
(B) of the Internal Revenue Code, the Company
Issued 7,980,000 shares of its previously
authorized but unissued common stock.  Ad-A-
Cab America, LLC had entered into a license
agreement with Ad-A-Cab Limited, a Hong Kong
corporation for the exclusive North American
rights for a rooftop mounted advertising
system.

On December 18, 1995, the Company's directors
concluded that, in spite of some success in
Australia, the Ad-A-Cab concept was not
feasible in the North American market.  As
result of this conclusion, the directors
decided to write off the investment in Ad-A-Cab
America, LLC.  The aforementioned decision was
reported on Form 8K dated December 18, 1995
(filed with the US Securities and Exchange
Commission February 15, 1999).

On January 22, 1996, the company returned both
outstanding Ownership  Units, representing 100%
of the ownership of Ad-A-Cab America, LLC in
exchange for the return of 7,980,000 share of
the Company's no-par value common stock, for
cancellation.  This transaction was reported on
Form 8K dated January 22, 1996 (filed with the
US Securities and Exchange Commission February
15, 1999).

On April 10, 1996, the Company determined that
it would cease to actively pursue its previous
business and look for other opportunities.  The
Company's Board of Directors concluded that
they would seek out a company or companies that
would see an advantage in joining forces with
the Company either through merger or takeover.

On February 8, 2000 (subsequent to its year end
of December 31, 1999) the Company entered into
a purchase and employment agreement with
Richard E. Surran of Scottsdale, Arizona for
the exclusive worldwide rights and the
underlying technology for an original device
to be used in the detection of plastic buried
underground.  Consideration was one million
(1,000,000) restricted shares of the Company's
common stock and a payment of fifty thousand
dollars ($50,000) no later than ninety days
after the Company commenced publicly trading on
a recognized exchange or quotation service.
Under the terms of an employment contract,
executed on February 8, 2000, Mr. Surran
should receive a monthly salary of six
thousand dollars ($6,000) in consideration for
continued development of the product, and receive
a royalty of four percent (4%) of the gross sales
of the device.

Originally developed to detect buried plastic
pipes carrying natural gas, it became evident
that there was another very valuable application
of the technology: namely, the accurate, safe
detection of land mines.
There are literally millions of buried anti-
personnel land mines all over the world.  Some
are placed currently; others remain from past
hostilities.  These land mines are almost all
made from plastic.  The Company and Mr. Surran
believe that this detection technology can be
utilized by a device the approximate size of a
cigarette package - and at a price that would
permit every foot soldier to have one as a part
of his basic equipment.  The detection and
disarmament of these buried hazards and the
bannishment of further proliferation has been the
subject of a high profile effort, previously
led by the late Princess Diana, Duchess
of Windsor.

A copy of the purchase and employment contracts
with Mr. Surran are incorporated in this report
by reference.

The Company has continued to seek out other targets
for acquisition or merger in addition to attempting
to locate electronic product manufacturing facilities.  As
a result of said searches, it was determined by management
and the Board of Directors to expand the Company's charter
into several identified niche telephony markets wherein
synergy
would exist for the company, and an expansion of revenues
and profits could be generated in order to increase
shareholder value.  During the fourth quarter of the year,
due diligence began on several potential acquisitions.
Companies being considered included one distributing
prepaid phone cards and ATM products, one repairing,
refurbishing and distributing cellular phones and pagers
one developing, manufacturing and selling transportable
earth stations, and one operating as a telephone company
in the African Region of the world.

    (b)       Financial Information About Industry
          Segments

     The Company may still be considered basically a
development stage company during the fiscal year
just ended.  Although profitable
during its first year of operation, the Company
has been in business since March, 1992 and has
had minimal revenues. The Company has generated
no revenues from the last twenty-four months of
operations, but does anticipate generating significant
revenues and profits during its next fiscal year as
products mature and new companies are acquired and expanded.

     (c)       Narrative Description of Business


          1)   (    QuadraComm, Inc.

     During the first two years of its initial
existence the Company attempted to establish a
business of providing tools to support business
process improvement projects.  Business process
improvement consists of identifying, analyzing and
streamlining business operations for client
companies.  This could include, for example,
simplifying and reducing costs for payroll
processing.

In September, 1994 the Company acquired all of
the ownership interests of Ad-A-Cab America,
LLC, a Wyoming Limited Liability Company that
held the exclusive North American marketing
rights for a taxicab rooftop advertising
system.  Ad-A-Cab was not able to market its
product and, consequently, did not generate any
revenues.  The officers of the company,
established offices in Vancouver, B. C., Canada
and Denver, Colorado.  Neither of these offices
were able to generate any revenues and after an
expenditure of approximately two hundred
thousand dollars, the directors determined to
cease the Company's marketing efforts and to
write off its investment.

During the year 2000 the company revised its objectives,
restarted its efforts, and entered the technology field
with the pursuit of the plastic location device
and, later, the telephony products identified
while attempting to find production sources for
the locator.  By the end of the third quarter the
officers relocated the company to Tampa, Florida
in order to be closer to the telecommunications
businesses being pursued.  It then began the due
diligence search process to qualify business candidates.


     General Business Plan

     (1)  PM Management Systems, Inc.

     The Company was previously engaged in the
business of providing specialized business
consulting software to mid-to-large sized
businesses and governmental agencies.  Later,
the Company attempted to establish a
successful advertising business through its
acquisition of ownership of Ad-A-Cab North
America LLC.  Those ventures were not successful.

     During the past year, the Company has
changed its focus to high-technology products
and telephony business.  Although it has not yet
received any revenues, it has acquired some basic business
operation assets, is proceeding with its business
plan, continues to mature and prepare for closure on
existing opportunities and seek others in order
to increase the value of the Company on behalf of
all of the stockholders.

     Because the Company presently has nominal
overhead and few other material financial
obligations, and is seeking outside investment to
fund acquisitions and provide short-term
working capital, management of the Company believes
that the Company's short-term cash requirements
can be satisfied.  Requirements to date have been
met through the minor issuance of the
Company's common stock or by loans from officers
directors or shareholders.

Item     2    Description of Property

     The Company acquired the exclusive rights
to a plastic sniffing technology from Mr.
R. E. Surran of Scottsdale, Arizona on
December 28, 1999  In exchange for a commitment
to mature the potential product, Mr. Surran
received one million restricted shares of the
Company's common stock, a royalty of four
percent on gross product sales, and an employment
contract.  Copies of the final acquisition
contract and employment contract dated February
8, 2000 are incorporated into this report by
reference.
The company is now in the process of conducting
due diligence relative to the potential
acquisition of up to four operating companies
in the telecommunications industry, including
all assets deployed by those entities.

Item 3    Legal Proceedings

     There are no current legal proceedings in
Which the Company is involved.

Item 4    Submission of Matters to a Vote of
Security Holders

     On December 1, 1999, the Company filed a
Proxy statement and solicitation with the
Securities and Exchange Commission and mailed
to the stockholders on December 21, 1999.  A
general meeting of stockholders was called for
January 10, 2000 to resolve the following:
a)   the election of three directors;

b)   to confirm or deny the acquisition of new
assets (plastic location technology);

c)   change of Company name to RF Technology,
Inc;

d)   the increase of capitalization to
100,000,000 shares of common stock and
10,000,000 shares of preferred stock;

e)   a forward 3 to 1 split of the Company's
issued and outstanding shares.

     A copy of the Proxy Statement and
solicitation is incorporated into this report
by reference.

     On October 18, 2000, the Company filed another
Proxy Statement and solicitation with the Securities
and Exchange Commission, and mailed it to
the stockholders of record on October 31, 2000.
A general meeting of stockholders was called for
December 1, 2000 to resolve the following:
  a)   Adopt various amended articles of incorporation;

  b)   change the Company name to QuadraComm, Inc.;

  c)   modify the contract for the acquisition of the
plastics location device technology;

  d)   reaffirm the actions approved during the
January, 2000 shareholders meeting.

A copy of that latest Proxy Statement and solicitation
is also incorporated into this report by reference.



                    PART II

Item 5    Market for Common Equity and Related
Stockholder Matters

     The Company's securities commenced trading
 over the NASD OTC BB market on October 2, 2000.

Item      6    Management Discussion and
Analysis or Plan of Operation

     Management has resurrected, expanded, and
refocused the Company, establishing it as a viable
and profitable entity.  In addition to research and
development efforts, and the acquisition of the
plastic location technology, the Company is interested
in expansion into a variety of niche markets in the
telecommunications industry.  Several specific targets
of acquisition opportunity have been identified and are
being investigated and researched for appropriate
fit.  None of the targeted companies have been closed
into the Company through the end of the fiscal year.

     Managements Discussion and Analysis of
Financial Condition and Results of Operations.

     Through the Year 2000 the Company has been
in the process of regenerating and focusing its
activities into the newly planned venture, and
performing the necessary business development tasks
and "pre-marketing" tasks necessary to advertise a
business with predictable opportunities.  Until the
commencement of securities trading and the deployment of a
private placement program, the Company's initial needs
were funded by the officers and directors
through private loans.  These loans include supplying
funds for all typical start-up overjead activities and the
development of data and materials necessary for a
quality marketing plan.  In addition, several possible
sources
of private funds have been identified and are being pursued.

     Liquidity and Capital Resources

     Subject to the execution of public business through
one or more of the avenues of acquisition, the Company
remains a development stage company and has not
created any substantial revenues to date.
The ability of the Registrant to achieve its
operational goals will depend upon its ability
to fund its present programs and identify and
obtain one or more of the businesses that are being pursued.
Additional capital is needed to continue, and to expand
its operations, but there is no assurance that such capital,
in
equity or debt form, will be available.


Results of Operations

     The Company has continually been a development
stage company as it changed and matured its focus.
Activities generated only limited amount of revenues
during its early years of operation and none
during the past year.  The Company has replanned its
business, is seeking operating and expansion funds,
and is looking for new opportunities with companies that
may desire to join forces, in addition to moving
towards the closures of its present targeted acquisitions.

Item 7    Financial Statements

     The audited Financial Statements for the
fiscal year ended December 31, 2000 are
attached hereto.

Item 8    Changes and Disagreements with
Accountants on Accounting and
Financial Disclosures

     There have been no changes and no disagreements
with the data reviewed by the Company's independent
outside auditor during the current audit.


                   Part III

Item 9    Directors, Executive Officers,
Promoters and Control Persons;
          Compliance with Section 16(a) of the
Exchange Act

     The Directors and Executive Officers of
the registrant are as follows:

Name                                   Age
Position                     Period of Service


Anthony V. Feimann    59    Director & Secretary    09/94 to
                                                     present

Eberhard Meuller      63    Director    01/2000 to present

Ronald T. Lambrecht   54    Director & Treasurer    01/2000
                                                   to present

Robert W. Ellis       59    Director & President    10/2000 to
                                                    present

     All of the Directors of the Company hold
office until the next annual meeting of the
shareholders and until their successors have
been elected and have qualified.  There is no
family relationship between any executive
officer and director of the Company.


Business Experience of Directors and Officers.

Mr. Anthony Feimann holds a Bachelor of Arts
degree in economics from the University of
British Columbia.  Since 1975 Mr. Feimann has
operated as a private consultant on accounting
and finance issues for publicly-held and
privately-owned companies.

Mr. Eberhard Mueller has been involved in mining
and exploration projects for more than thirty years.
He has been instrumental in financing several major
exploration projects.

Mr. Ronald Lambrecht is a practicing CPA in the State
of Montana and has over thirty years of experience
in mining,real estate, private business, and accounting
and finance.  He is a broker/owner of a real estate
business in Montana.

Mr. Robert Ellis is an experienced business executive with
more than thirty years of experience in aerospace,
electronics,
and telecommunications.  He is a degreed Accountant and CPA,
but
has spent the last twelve year in business and general
management positions in both private and public companies.


Item 10   Executive Compensation

     During the year ended December 31, 2000,
the Directors of the Company received no salary
or benefits.  At the present time none of the
directors receives any form of compensation
for their services. The Company's only Officer
to receive any compensation during the Year 2000
was the President, Mr. Ellis, during his Fourth
Quarter tenure.  Compensation for the applicable
period was approximately $36,000.00.
     There is no formal policy or plan regarding payment
of compensation to Directors, but should it pay
them, it would be in conformance with general business
considerations as to the payment of same.
     It is intended that Officers performing full-time
duties
will be paid salaries commensurate with contribution
and consistent with normal similar-business practices.

     No retirement, pension, profit sharing,
stock option, special insurance programs, or similar
abnormal programs have been adopted by the Registrant
for the benefit of its employees.  Only basic employee
benefits
for health insurance have been enacted at the present time.
     No executive officer or director of the
Company holds any options or warrants to purchase any of the
Company's securities at this time.

Item      11   Security Ownership of Certain
Beneficial Owners and Management


(a)       Security ownership of certain
beneficial owners

     The following table sets forth
information, as of December 31, 2000, of
persons known to the Company as being the
beneficial owner of over 5% of the Company's
Common Stock:


Title         Name and Address of        Amount and
                Beneficial Owner     Nature of Beneficial
                                     Owner and Percent of
                                     Beneficial Ownership

Common        Richard E. Surran       1,000,000 (14.16%)
              9934 E. Wood Drive
              Scottsdale, AZ 85260



(b) Security Ownership of Management as of
December 31, 2000


Title      Name & Address of          Amount & Nature & Percent
of Class   Beneficial Owner           of Beneficial
Ownership

Common     Anthony V. Feimann, Sec'y     45,000         (0.6%)
           719 Eyremount Drive
           West Vancouver, B. C. V7S 2A3

Common     Ronald Lambrecht Treas.      330,000         (4.67%)
           610 Ninth Street, East
           Kalispell, Montana 59901

Common     Robert Ellis, President      0               (0%)
           8019 N. Himes Ave.
           Tampa, Florida 33614

Item 12   Certain Relationships and Related Transactions

     None

Item 13   Exhibits and Reports for Form 8-K

      The Registrant filed a report on  Form 8-
K dated February 10, 2000, to report results
and changes to the company resulting from the
Meeting of Stockholders on January 10, 2000.  A
copy is incorporated into this report by reference.






                  SIGNATURES

     In Accordance with Section 13 or 15(d) of
the Securities Exchange Act, the Registrant
caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.


QUADRACOMM, INC.

              /s/  Robert W. Ellis
      By:       Robert W. Ellis
      Date:     April 15, 2001
      Title     Director & President


                            EXHIBIT A








                      FINANCIAL STATEMENTS




                      QUADRACOMM, INC.

                    FINANCIAL STATEMENTS
                 December 31, 2000 and 1999








                       QUDRACOMM, INC.
                    Financial Statements
                 December 31, 2000 and 1999

                      TABLE OF CONTENTS


          Independent Auditor's Opinion:
               Alessandri & Alessandri, P.A.
               Janet Loss, C.P.A., P.C.

          Balance Sheets

          Statement of Operations

          Statement of Changes in Stockholders' Equity

          Statement of Cash Flows

          Notes to Financial Statements

          Consent of Independent Certified Public Accountant

































ALESSANDRI & ALESSANDRI, P.A.
Certified Public Accountants

                  Independent Auditors' Report

QuadrComm, Inc.
Tampa, Florida

     We  have  audited  the accompanying  balance  sheet  of
QuadraComm,  Inc.  (a development stage company)  (formerly,
P.M.  Management Systems, Inc.) ("Company"), as of  December
31,   2000,   and  the  related  statements  of  operations,
stockholders'  equity,  and cash flows  for  the  year  then
ended.  These financial statements are the responsibility of
the  Company's management.  Our responsibility is to express
an opinion on these financial statements based on our audit.
The  financial statements of the Company as of December  31,
1999,  were  audited  by other auditors whose  report  dated
March  18, 2000, expressed an unqualified opinion  on  those
statements.

     We  conducted  our  audit in accordance  with  auditing
standards  generally  accepted  in  the  United  States   of
America.   Those standards require that we plan and  perform
the  audits to obtain reasonable assurance about whether the
financial statements are free of material misstatement.   An
audit   includes  examining,  on  a  test  basis,   evidence
supporting  the  amounts and disclosures  in  the  financial
statements.  An audit also includes assessing the accounting
principles   used   and  significant   estimates   made   by
management,  as  well  as evaluating the  overall  financial
statement presentation.  We believe that our audit  provides
a reasonable basis for our opinion.

     In  our  opinion, the financial statements referred  to
above   present  fairly,  in  all  material  respects,   the
financial  position of QuadraComm, Inc., as of December  31,
2000,  and the results of its operations and its cash flows,
for  the  year  then  ended, in conformity  with  accounting
principles  generally  accepted  in  the  United  States  of
America.

       The   accompanying  financial  statements  have  been
prepared assuming that the Company will continue as a  going
concern.   As  discussed  in  the  notes  to  the  financial
statements,   the  Company  has  not  commenced  operations.
Accordingly, the Company is dependent upon the attainment of
profitable  operations,  loans,  and  equity  financing   to
conduct  its  operations, which situation raises substantial
doubt about its ability to continue as a going concern.  The
financial  statements  do not include any  adjustments  that
might result from the outcome of these uncertainties.


                                          /s/  Alessandri  &
Alessandri, P.A.

April 27, 2001



                  JANET LOSS, C.P.A., P.C.
                 Certified Public Accountant
           1780 South Bellaire Street, Suite 2100
                   Denver, Colorado 80222
                        303-782-0878



Board of Directors
P.M. Management Systems, Inc.
(Formerly named Process Based Management, Inc.)
404 Scott Point Drive
Salt Spring Island, BC Canada V8K 2R2


I  have  audited  the accompanying balance  sheets  of  P.M.
Management Systems, Inc, (a development stage company) as of
December  31,  1999 and 1998 and the related  Statements  of
Operations,  Stockholders' Equity, and Cash  Flows  for  the
years ended December 31, 1999 and 1998.

I  conducted my audit in accordance with generally  accepted
auditing standards. Those standards require that I plan  and
perform  the  audit  to  obtain reasonable  assurance  about
whether  the  financial  statements  are  free  of  material
misstatement.  An audit includes examining, on a test basis,
evidence  supporting  the amounts  and  disclosures  in  the
financial statements.  An audit also includes assessing  the
accounting principles used and significant estimates made by
management,  as  well  as evaluating the  overall  financial
statement presentation.  I believe that our audit provides a
reasonable basis for my opinion.

In  my  opinion, the financial statements referred to  Above
present  fairly,  in  all material respects,  the  financial
position  of  P.M.  Management Systems, Inc  (a  development
stage  company), as of  December 31, 1999 and 1998, and  the
results  of its operations and its cash flow for  the  years
ended December 31, 1999 and 1998.



S/S Janet Loss, C.P.A., P.C.
      Janet Loss, C.P.A., P.C.

March 18, 2000








                          QUADRACOMM, INC.
              (formerly P.M. Management Systems, Inc.)
                   (a development stage company)
                           BALANCE SHEETS
                     December 31, 2000 and 1999


                                                  2000          1999
                          ASSETS

CURRENT ASSETS
  Cash                                            $ 2,845
            Total Current Assets                    2,845
EQUIPMENT & FURNITURE
  Office Equipment & Furniture (net of             18,283
depreciation of $2,032)

OTHER ASSETS
  Miscellaneous advances (less allowance of              1
                           $51,986)
  Deposits                                             400
             Total Other Assets                        401

                   TOTAL                           $ 21529      None





     LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Accounts Payable
                                                   141,561     4,350
  Other liabilities
                                                    65,490
             Total Liabilities                      207051     4,350


STOCKHOLDERS' EQUITY
   Preferred stock-No par value in 1999;
$.001par value per share in 2000
     10,000,000 shares authorized; no shares                   1,000
issued in 2000
  Common Stock - No par value in 1999; $.001
par value in 2000
    100,000,000 shares authorized; shares
issued and outstanding
    7,259,600 and 2,020,000,  respectively                       74,150
                                            72,596
   Paid-in Capital
                                            202,004
  Deficit accumulated during the development                   (79,350)
stage                                        (460,122)
  Treasury stock                                                  (150)
         Total Stockholders' Equity                             (4,350)
                                            (185,522)

                   TOTAL                       $                  None
                                            21,529


       QUADRACOMM, INC.
  (formerly P.M. Management
        Systems, Inc.)
(a development stage company)
   STATEMENT OF OPERATIONS
           FOR THE YEARS  ENDED DECEMBER 31, 2000 AND 1999
   AND FOR THE PERIOD FROM  JANUARY 1, 1996 TO DECEMBER 31, 2000




                                                                 Since
                                           2000       1999    January 1,
                                                                 1996

SALES                                      None       None        None

COST OF SALES                              None       None        None

EXPENSES
  General and Administrative                 $          $           $
                                           378,740    4,350      458,090
  Depreciation and                           2,032                 2,032
Amortization
            Total  Expenses                380,772               460,122
                                                      4,350

NET LOSS                                         $     $           $
                                           380,772    4,350      460,122







Loss Per Share                           $           $
                                          0.050       0.002


Weighted average number of            7,009,578      2,020,000
shares











                       QUADRACOMM, INC.
           (formerly P.M. Management Systems, Inc.)
                 (a development stage company)
         STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
        FOR THE YEARS ENDED DECEMBER 31, 2000 AND 1999
 AND FOR THE PERIOD FROM JANUARY 1, 1996 TO DECEMBER 31, 2000


<TABLE>
<CAPTION>

                                                                       Deficit
                                                                       Accumulated
                                         Common Stock and              During the
                              Preferred  Paid-In             Treasury  Development
                              Stock      Capital                       stage
                    Shares       $       Shares     $        Stock

<S>               <C>         <C>        <C>       <C>       <C>       <C>
Balance, January
1, 1996           1000000     1,000      10000000  1999150   (150)     (75,000)


Cancellation of
outstanding
shares                                  (7980000)  (1925000)



Balance, December
31, 1996           1000000    1,000      2020000    74,150    (150)    (75,000)

Net Loss
Balance, December  1000000    1,000      2020000    74,150    (150)    (75,000)
31, 1997

Net Loss
Balance, December  1000000    1,000      2020000    74,150    (150)    (75,000)
31, 1998

Net Loss                                                                (4,350)
Balance, December  1000000    1,000      2020000    74,150    (150)     (79350)
31, 1999

Cancellation of
preferred stock    (1000000)   (1,000)              1,000
Cancellation of
treasury stock                                       (150)     150
Stock split (3                           4040000
for 1)
Shares issued for
technology                               1000000
Sale of common
shares                                   198000      198000

Shares issued for
services                                  1,600       1,600
Net Loss                                                                (380,772)

Balance, December   None      None        7259600     274600    None    (460,122)




</TABLE>









                          QUADRACOMM, INC.
              (fromerly P.M. Management Systems, Inc.)
                    (a development stage company)
                       STATEMENT OF CASH FLOWS
           FOR THE YEARS ENDED DECEMBER 31, 2000 AND 1999
    AND FOR THE PERIOD FROM JANUARY 1, 1996 TO DECEMBER 31, 2000

                                                                Since
                                    2000          1999     January 1,
                                                                1996
CASH FLOWS FROM (TO) OPERATING
ACTIVITIES:
Net Income (Loss) From                     $             $          $
Operations:                        (380,772)       (4,350)  (460,122)
Add: Non-Cash Items
    Depreciation and                   2,032                    2,032
Amortization
    Allowance for doubtful            51,986                   51,986
advances
    Payment of expenses with           1,600                    1,600
common stock
Changes in Assets and
Liabilities:
     Miscellaneous receivables      (51,987)                 (51,987)
     Deposits                          (400)                    (400)
     Accounts payable & other        202,701         4,350    207,051
liabilities

Net Cash From (To) Operating       (174,840)             0  (249,840)
Activities

CASH FLOWS FROM (TO) INVESTING
ACTIVITIES:
Acquisition of Equipment            (20,315)                 (20,315)

Net Cash From (To) Investing        (20,315)                 (20,315)
Activities

CASH FLOWS FROM (TO) FINANCING
ACTIVITIES:
Proceeds from sales of common        198,000                  270,155
stock

Net Cash From (To) Financing         198,000                  270,155
Activities

Increase (Decrease) in Cash            2,845                        0
Cash Balance, Beginning                    0                        0
Cash Balance, Ending                   2845         None         None



Supplemental Disclosure of Non-
Cash transactions:
   The Company issued 1,600 common shares in
payment
     of certain expenses.









                      QUADRACOMM, INC.
         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                 December 31, 2000 and 1999

1.  HISTORY:

     The entity was incorporated under the laws of the State
of Colorado on March 13, 1992 under the name Processed Based
Management,  Inc.; filed a Form 10 with the  Securities  and
Exchange  Commission on March 11, 1993; made a Regulation  D
filing  on  July  30,  1993; and, changed  its  name  to  PM
Management  Systems, Inc., on May 5, 1994.  On September  2,
1994 the entity declared a one for one stock dividend and in
September  1994  acquired all of  the  units  of  a  certain
limited  liability  company  for  7,980,000  of  its  common
shares.    The  acquisition  transaction  was  reversed   in
December  in  1995 and the 7,890,000 common shares  returned
and  cancelled. During the period from January 1996 to 2000,
the entity has been dormant.

      In January 2000 the name was changed to RF Technology,
Inc.  and  a three for one split was declared.  Subsequently
in  December 2000 the Articles of Incorporation were amended
to  increase the authorized common shares to 100,000,000 and
preferred shares to 10,000,000 and the par value was changed
from no par value to a par value of $.001 per share for both
the   common  and  preferred  shares.   The  name   of   the
corporation  was  changed to QuadraComm,  Inc.  (hereinafter
"Company").

      Also  in 2000, the Company has embarked upon a program
of   seeking  operating  entities  to  acquire.    In   that
connection, it has entered into letters of intent and a form
of  merger  agreements to acquire certain of the  operations
entities.   As of December 31, 2000, none of agreements  had
been finalized.

2.  BASIS OF ACCOUNTING:

     The  financial  statements of  the  Company  have  been
prepared  in  United  States  dollars  in  accordance   with
accounting  principles  generally  accepted  in  the  United
States.     Certain  reclassifications  have  been  made  to
conform prior year data to the current year presentations.

     The  financial statements of the Company as of December
31,  2000  and 1999 and for the year and period  then  ended
have  been prepared on the basis that the Company is a going
concern,  which contemplates the realization of  assets  and
satisfaction  of  liabilities  in  the  normal   course   of
business.  At December 31, 2000 the Company's assets totaled
$21,529  and  current liabilities aggregated $207,051.   For
the  period from inception (January 1, 1996) to December 31,
2000,  the  Company has incurred, losses totaling  $460,122.
Such  losses  together  with the  absence  of  revenues  has
significantly  impacted the liquidity and capital  resources
of  the  Company,  and raises substantial  doubt  about  the
ability  of the Company to continue as a going concern.   No
adjustments  have been recorded in the financial  statements
of  the  Company  to reflect the uncertainty  of  the  going
concern   and   the  related  realization  of   assets   and
satisfaction of liabilities.

  Management  expects to achieve its future cash needs  from
a   combination  of  sales  of  its  equity  securities  and
borrowings, pending attainment of profitable operations.


3.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

     CASH  AND  CASH EQUIVALENTS:  Cash and cash equivalents
are  comprised of cash and highly liquid investments with  a
maturity  of  three  months  or less  when  purchased.   The
Company had no cash equivalents as of December 31, 2000  and
1999.

      EQUIPMENT :  Equipment is stated at acquisition  cost.
The  cost  of replacements, renewals, and betterments,  that
neither  add  materially to the value of the  equipment  and
furniture,  nor appreciable prolong their lives are  charged
to  expense as incurred.  Depreciation is provided using the
straight-line method over the estimated useful lives of five
years.
 .
     INCOME TAXES:  The provision (benefit) for income taxes
is  based upon the pre-tax earnings (loss) reported  in  the
financial  statements,  adjusted for transactions  that  may
never  enter in the computation of income taxes payable.   A
deferred  tax  asset  or  liability is  recognized  for  the
estimated   future  tax  affect  attributable  to  temporary
differences  in the recognition of income and  expenses  for
financial  statements and income tax purposes.  A  valuation
allowance is provided in the event that the tax benefits are
not expected to be realized.

      EARNINGS (LOSS) PER SHARE:  Earnings (loss) per common
share  are  based upon the weighted number of common  shares
outstanding during the period.

       USE  OF  ESTIMATES:   The  preparation  of  financial
statements  in conformity with generally accepted accounting
principles   requires  management  to  make  estimates   and
assumptions that affect the reported amounts of  assets  and
liabilities   and  disclosure  of  contingent   assets   and
liabilities at the date of the financial statements and  the
reported  amounts  of  revenues  and  expenses  during   the
reporting  period.  Actual results could differ  from  those
estimates.

      REVENUE RECOGNITION:  Revenues will be recognized upon
the delivery of the products and services..

      RESEARCH  &  DEVELOPMENT,  ADVERTISING,  AND  START-UP
COSTS:  Research  & development, advertising,  and  start-up
costs are charged to expense as incurred.

      CONCENTRATIONS  OF  RISK and  CREDIT  RISK:    Company
operations  hve  not  commenced,  and  hence  there  in   no
concentration or credit risk.  The Company does not  have  a
material  concentration  of  accounts  receivable  or  other
credit risk.

      IMPAIRMENT OF LONG-LIVED ASSETS:  The Company has  not
recognized any charges from the impairment of its long-lived
assets,  as it believes that its long-lived assets have  not
been impaired.

      FINANCIAL INSTRUMENTS:  Assets and liabilities,  as  a
matter   of   accounting  policy,  are  reflected   in   the
accompanying financial statements at values that the Company
considers to represent their respective fair values.

4. Miscellaneous Advances:

      During 2000, the Company has made certain advances to,
and/or  incurred certain expenses on behalf of,  aggregating
approximately $52,000 to business units that it  expects  to
acquire.    Because  there  is  no  assurance  nor  explicit
collateral or agreements for the repayment of such  amounts,
an  allowance of like amount was recorded as of December 31,
2000.

5. Income Taxes:

         The Company will need to realize profits to utilize
the  accumulated  losses  that  aggregated  $460,000  as  of
December  31, 2000.  Further, because of the nature  of  the
losses they may not be deductible, except in reduced amounts
over various periods of time.  Accordingly, because of these
uncertainties, a valuation allowance of an equal amount  was
established because the benefit is more likely than  not  to
be lost.

6. Common and Preferred Stock:

      Common  Stock:   The  Company is authorized  to  issue
100,000,000 shares of its $.001 par value common  stock,  of
which  7,259,600 were outstanding as of December  31,  2000.
Dividends  are  payable upon declaration  by  the  board  of
directors,  and  the common shares do not  have  pre-emptive
rights nor cumulative voting rights.

      During the first four months of 2001, sales of  common
shares aggregated 351,500 shares for a total $243,250.

      Preferred Stock:  The Company is authorized  to  issue
10,000,000  shares of its $.001 par value  preferred  stock.
No  preferred  shares  were issued  and  outstanding  as  of
December  31, 2000.  The board of directors of  the  Company
may  issue  the preferred stock in series and may  determine
the rights and preferences of each series.

7. Subsequent Events:

      In  January  2001, the Company acquired  International
Prepaid  Systems, Inc., for 100,000 of the common shares  of
the Company and $50,000.





                  JANET LOSS, C.P.A., P.C.
                 Certified Public Accountant
            1780 South Bellaire Street, Suite 500
                   Denver, Colorado 80222
                        303-782-0878




     Consent of Independent Certified Public Accountant



QuadraComm, Inc.
   (formerly P.M. Management Systems, Inc.0
Tampa, Florida


     I hereby consent to the use in Form 10-KSB for the year
ended  December 31, 2000 of my report dated March  18,  2000
with  respect  to  the financial statements  of  QuadraComm,
Inc., as of December 31, 1999.




/s/ Janet Loss, C.P.A., P.C.


April 27, 2001