UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB


[xx]     QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
         ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2001

                        Commission file Number:  0-31683

                                 ROLLTECH, INC.
        (Exact name of small business issuer as specified in its charter)

                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                   98-0230423
                     (I.R.S. Employer Identification Number)

                                    Suite 811
                                 938 Howe Street
                           Vancouver, British Columbia
                                     V6Z 1N9
                    (Address of principal executive offices)

                                 (604) 681-3071
                           (Issuer's telephone number)


State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:  5,668,500 common shares as at
September 30, 2001, of which 1,500,000 are free trading common shares.  The par
value of the shares is $.001

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


<PAGE>

                                 ROLLTECH, INC.

                                      INDEX

PART 1.  FINANCIAL INFORMATION

         Item 1.    Financial Statements

                    Consolidated Balance Sheets as of September 30, 2001

                    Consolidated Statements of Operations for the periods ended
                    September 30, 2001

                    Consolidated Statements of Cash Flows for the periods ended
                    September 30, 2001

                    Consolidated Statements of Changes in Stockholders' Equity

                    Notes to Consolidated Financial Statements

         Item 2     Management's Discussion And Analysis Of Financial Condition
                    And Results Of Operations. Plan of Operation

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


         SIGNATURES

<PAGE>

ROLLTECH, INC.
(A development stage enterprise)
Balance Sheets
(Prepared by management)
(Expressed in U.S. Dollars)
================================================================================
                                                     September      December 31,
                                                      30, 2001              2000
--------------------------------------------------------------------------------
ASSETS

Current
   Cash and cash equivalents                       $     30,839    $    103,825
   Prepaid expenses and deposits                          5,311             674
--------------------------------------------------------------------------------

Total current assets                                     36,150         104,499

Fixed assets                                              1,552           1,439
--------------------------------------------------------------------------------

Total assets                                       $     37,702    $    105,938
================================================================================

LIABILITIES

Current
   Accounts payable and accrued liabilities        $      6,872    $      8,488
   Due to related parties                                 5,135          21,214
--------------------------------------------------------------------------------

Total current liabilities                                12,007          29,702
--------------------------------------------------------------------------------

Commitments (Note 4)
STOCKHOLDERS' EQUITY

Share capital
   Authorized:
    75,000,000 common shares with a par value
      of $0.001 per share
   Issued and outstanding
    5,668,500 common shares                               5,669           5,528

Additional paid-in capital                              155,194         126,940

Deficit accumulated during the development stage       (135,168)        (56,232)
--------------------------------------------------------------------------------

Total stockholders' equity                               25,695          76,236
--------------------------------------------------------------------------------

Total liabilities and stockholders' equity         $     37,702    $    105,938
================================================================================

The accompanying notes are an integral part of these financial statements.

On Behalf of the Board of Directors:
              /s/Taly Keren                   /s/Michael Scheglov
             --------------------------       --------------------------
              Taly Keren, Director            Michael Scheglov, Director

<PAGE>



ROLLTECH, INC.
(A development stage enterprise)
Statement of Stockholders' Equity
(Prepared by management)
(Expressed in U.S. Dollars)
<TABLE>
<CAPTION>
=====================================================================================================================
                                                         Additional           Compre-           Deficit        Total
                                                            paid-in           hensive       accumulated
                                                            capital            income        during the
                                                                               (loss)       development       Stock-
                                                                                                  stage     holders'
                                    Common Stock                                                              equity
                            ----------------------------
                              Shares          Amount
---------------------------------------------------------------------------------------------------------------------
<S>                         <C>            <C>           <C>                <C>            <C>           <C>
Shares issued for cash
 on February 3, 2000        4,000,000      $     4,000   $    11,000        $              $             $    15,000

Shares issued for cash
 on July 21, 2000, net
 of share issuance cost
 of $36,500                 1,527,500            1,528       114,722                                         116,250

Imputed interest on loan
 and amount due to
 related parties                 -                -            1,218                                           1,218

Comprehensive income (loss)
- net (loss) for the period                                                     (56,232)       (56,232)      (56,232)
---------------------------------------------------------------------------------------------------------------------

Comprehensive income (loss)                                                     (56,232)
                                                                            -----------
Balance, December 31,
 2000                       5,527,500            5,528       126,940                           (56,232)       76,236

Imputed interest on
 amount due to related
 parties                         -                -              295                                             295

Shares allotted in
 settlement of
 management fees                 -                -           14,000                                          14,000

Shares issued from
 previous allotment           140,000              140          (140)

Shares allotted in
 settlement of
 management fees                 -                -           14,000                                          14,000

Shares issued for
 contractual services           1,000                1            99                                             100

Comprehensive income
 (loss)
- net (loss) for the period                                                     (78,936)       (78,936)      (78,936)
---------------------------------------------------------------------------------------------------------------------

Comprehensive income
 (loss)                                                                         (78,936)
                                                                            ===========

Balance, September 30,
 2001                       5,668,500      $     5,669   $   155,194                       $  (135,168)  $    25,695
====================================================================                       ==========================
</TABLE>

The accompanying notes are an integral part of these financial statements

<PAGE>

ROLLTECH, INC.
(A development stage enterprise)
Statements of Operations
(Prepared by management)
(Expressed in U.S. Dollars)
<TABLE>
<CAPTION>
=====================================================================================================================
                                           Cumulative           Three           Three            Nine         January
                                              January          Months          Months          Months        25, 2000
                                             25, 2000           Ended           Ended           Ended       inception
                                                   to
                                        September 30,   September 30,   September 30,   September 30,   September 30,
                                                 2001            2001            2000            2001            2000
<S>                                     <C>             <C>             <C>             <C>             <C>
Expenses
   Depreciation                         $        417    $         89    $         40    $        257    $        120
   Interest (imputed) -
    related parties                            1,513            -               -                295             609
   Bank charges                                  183              95             150             183             150
   Consulting                                  1,000           1,000            -              1,000            -
   Equipment rent                              4,270           1,800            -              4,270            -
   Management compensation -
    related parties                           58,000          12,000           6,000          38,000           6,000
   Office & miscellaneous                     13,731           3,231           1,075           9,359           9,075
   Professional fees                          20,789           1,500           3,360           6,085           3,622
   Rent                                       10,606           2,804            -              8,051             800
   Transfer, filing and listing                9,150             187             895           7,140             895
   Travel and promotion                       19,743             297           3,361           5,820           3,361
---------------------------------------------------------------------------------------------------------------------
Operating Loss                              (139,402)        (23,003)        (14,881)        (80,460)        (24,632)

Other income
   Interest income                             4,234             222           1,300           1,524           1,300
---------------------------------------------------------------------------------------------------------------------

Net (loss) for the period               $   (135,168)   $    (22,781)   $    (13,581)   $    (78,936)   $    (23,332)
=====================================================================================================================

(Loss) per share
  Basic and diluted                                     $     (0.004)   $     (0.003)   $     (0.014)   $     (0.006)
=====================================================================================================================

Weighted average number of
  common shares outstanding
   Basic and diluted                                       5,668,500       5,195,507       5,652,489       4,129,137
=====================================================================================================================
</TABLE>

The accompanying notes are an integral part of these financial statements.

<PAGE>

ROLLTECH, INC.
(A development stage enterprise)
Statements of Cash Flows
(Prepared by management)
(Expressed in U.S. Dollars)
<TABLE>
<CAPTION>
=====================================================================================================================
                                                                      Cumulative
                                                                      January 25             Nine          January 25
                                                                            2000           Months                2000
                                                                  (Inception) to            Ended      (inception) to
                                                                    September 30     September 30        September 30
                                                                            2001             2001                2000
---------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>               <C>               <C>
Cash flows from (used in)
  operating activities
   Net (loss) for the period                                     $     (135,168)   $      (78,936)   $      (23,332)
   Adjustment to reconcile net loss to
    net cash used in operating activities:
    - depreciation                                                          417               257               120
   Changes in assets and liabilities:
   - prepaid expenses and deposits                                       (5,311)           (4,637)             -
   - accounts payable and accrued liabilities                             6,872            (1,616)             -
---------------------------------------------------------------------------------------------------------------------
                                                                       (133,190)          (84,932)          (23,212)
---------------------------------------------------------------------------------------------------------------------

Cash flows from (used in)
  financing activities
   Shares issued for cash, net of issuance costs                          5,669               141              -
   Additional paid-in capital                                           155,194            28,254              -
   Advances from related parties                                          5,135           (16,079)             -
   Loan from a related party                                             30,000              -               23,212
   Repayment of loan from a related party                               (30,000)             -                 -
---------------------------------------------------------------------------------------------------------------------
                                                                        165,998            12,316            23,212
---------------------------------------------------------------------------------------------------------------------

Cash flows used in investing activities
   Purchase of fixed assets                                             (1,969)              (370)            -

Increase (decrease) in cash
  and cash equivalents                                                  30,839           (72,986)             -
   Cash and cash equivalents, beginning of period                         -              103,825              -
---------------------------------------------------------------------------------------------------------------------
Cash and cash equivalents, end of period                         $      30,839     $      30,839     $        -
=====================================================================================================================
</TABLE>

The accompanying notes are an integral part of these financial statements.

<PAGE>

================================================================================

1.   Incorporation and Continuance of Operations

     The Company was incorporated on January 25, 2000 under the laws of the
     State of Nevada to engage in any lawful business or activity for which
     corporations may be organized under the laws of the State of Nevada. The
     Company is in the business of innovative internet marketing of new high
     technology manufacturing products and new manufacturing solution. Since
     inception, the Company's effort has been in the development of a business-
     to-business manufacturing technology interactive website and acquisition of
     marketing licences of high technology manufacturing products. In accordance
     with Statement of Financial Accounting Standards ("SFAS") No. 7 "Accounting
     and Reporting by Development Stage Companies", the Company is deemed to be
     in the Development Stage.

     These financial statements have been prepared using the generally accepted
     accounting principles applicable to a going concern which contemplates the
     realization of assets and the satisfaction of liabilities and commitments
     in the normal course of business. The general business strategy of the
     Company is to acquire licences of high technology manufacturing products
     and market the licensed products on its business-to-business website on
     internet to generate revenues. The Company's management plans on raising
     more funds in the equity market and, in the longer term, deriving cash from
     revenue from the sale of its licensed products. The ability of the Company
     to continue as a going concern is dependent on funds raised in the equity
     market, competitions in the industry, and, ultimately, upon achieving
     profitable operations of its internet marketing business. These financial
     statements do not include any adjustments that might result from this
     uncertainty.

2.   Significant Accounting Policies

     a.   Accounting Estimates

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

     b.   Cash Equivalents

          Cash equivalents usually consist of highly liquid investments which
          are readily convertible into cash with maturities of three months or
          less when purchased. As at September 30, 2001, cash and cash
          equivalents consist of cash only.

     c.   Fixed Assets

          Fixed assets are amortized on the declining-balance basis at the
          following annual rate:

                  Computer equipment             30%
                  Office equipment               20%

<PAGE>

================================================================================

2.   Significant Accounting Policies (continued)

     d.   Advertising Expenses

          The Company expensed advertising costs as incurred. There were no
          advertising expenses incurred by the Company for the period ended
          September 30, 2001.

     e.   Foreign Currency Transactions

          The Company maintains its accounting records in its functional
          currencies (i.e., U.S. Dollars). Foreign currency transactions are
          translated into their functional currency in the following manner.

          At the transaction date, each assets, liabilities, revenue and expense
          is translated into the functional currency by the use of exchange rate
          in effect at that date. At the period end, monetary assets and
          liabilities are translated into the functional currency by using the
          exchange rate in effect at that date. The resulting foreign exchange
          gains and losses are included in operations.

     f.   Income Taxes

          The Company has adopted SFAS No. 109, "Accounting for Income Taxes",
          which requires the Company to recognize deferred tax liabilities and
          assets for the expected future tax consequences of events that have
          been recognized in the Company's financial statements or tax returns
          using the liability method. Under this method, deferred tax
          liabilities and assets are determined based on the temporary
          differences between the financial statement and tax bases of assets
          and liabilities using enacted tax rates in effect in the years in
          which the differences are expected to reverse. The effect on deferred
          income tax assets and liabilities of a change in income tax rates is
          included in the period that includes the enactment date.

     g.   Accounting for Derivative Instruments and Hedging Activities

          The Company has adopted SFAS No. 133 "Accounting for Derivative
          Instruments and Hedging Activities", which requires companies to
          recognize all derivatives contracts as either assets or liabilities in
          the balance sheet and to measure them at fair value. If certain
          conditions are met, a derivative may be specifically designated as a
          hedge, the objective of which is to match the timing of gain or loss
          recognition on the hedging derivative with the recognition of (i) the
          changes in the fair value of the hedged asset or liability that are
          attributable to the hedged risk or (ii) the earnings effect of the
          hedged forecasted transaction. For a derivative not designated as a
          hedging instrument, the gain or loss is recognized in income in the
          period of change.


<PAGE>

================================================================================

2.   Significant Accounting Policies  (continued)

h.   Comprehensive Income

The Company has adopted SFAS No. 130, "Reporting Comprehensive Income", which
establishes standards for reporting and display of comprehensive income, its
components and accumulated balances. The Company is disclosing this information
on its Statement of Stockholders' Equity. Comprehensive income comprises equity
except those resulting from investments by owners and distributions to owners.
SFAS No. 130 did not change the current accounting treatments for components of
comprehensive income.

i.   Financial Instruments and Concentration of Risks

Fair value of financial instruments are made at a specific point in time, based
on relevant information about financial markets and specific financial
instruments. As these estimates are subjective in nature, involving
uncertainties and matters of significant judgement, they cannot be determined
with precision. Changes in assumptions can significantly affect estimated fair
values.

The carrying value of cash and cash equivalents and accounts payable and accrued
liabilities and amount due to related parties approximates their fair value
because of the short-term nature of these instruments. Management is of the
opinion that the Company is not exposed to significant interest, credit, or
currency risks arising from these financial statements.

j.   Stock-Based Compensation

The Company has adopted the disclosure-only provisions of SFAS No. 123,
"Accounting for Stock-based Compensation". SFAS No. 123 encourages, but does not
require, companies to adopt a fair value based method for determining expense
related to stock-based compensation. The Company accounts for stock-based
compensation issued to employees and directors using the intrinsic value method
as prescribed under Accounting Principles Board Opinion No. 25, "Accounting for
Stock Issued to Employees" and related interpretations.
k.   Loss Per Share
Loss per share is computed using the weighted average number of shares
outstanding during the period. The Company has adopted SFAS No. 128, "Earnings
per share". Diluted loss per share is equal to the basic loss per share.



<PAGE>

================================================================================

2.   Significant Accounting Policies  (continued)

     l.   Impairment

          Certain long-term assets of the Company are reviewed when changes in
          circumstances require as to whether their carrying value has become
          impaired pursuant to guidance established in Statement of Financial
          Accounting Standards ("SFAS") No. 121, Accounting for the Impairment
          of Long-lived Assets and for Long-lived Assets to be Disposed off.
          Management considers assets to be impaired if the carrying value
          exceeds the future projected cash flows from related operations
          (undiscounted and without interest charges). If impairment is deemed
          to exist, the assets will be written down to fair value.

3.   Fixed Assets

     ---------------------------------------------------------------------------
                                               September 30, 2001
     ---------------------------------------------------------------------------
                                                      Accumulated       Net book
                                           Cost      depreciation          value
     ---------------------------------------------------------------------------

     Computer equipment                $      370     $       41     $      329
     Office equipment                       1,599            376          1,223
     ---------------------------------------------------------------------------
                                       $    1,969     $      417     $    1,552
     ===========================================================================

                                                December 31, 2000
     ---------------------------------------------------------------------------
                                                      Accumulated       Net book
                                           Cost      depreciation          value
     ---------------------------------------------------------------------------

     Office equipment                  $    1,599     $      160     $    1,439
     ===========================================================================

4.   Commitments

     1.   The Company has entered into an operating lease agreement with a
          company controlled by the directors of the Company for computer
          equipment, with minimum lease payments as follows:

          ----------------------------------------------------------------
          2001                                                  $    1,350
          2002                                                       3,150
          ----------------------------------------------------------------
          Total                                                 $    4,500
          ================================================================

     2.   The Company has entered into an office lease contract with minimum
          lease payments as follows:

          ----------------------------------------------------------------
          2001                                                  $    2,749
          2002                                                      10,997
          2003                                                       2,749
          ----------------------------------------------------------------
          Total                                                 $   16,495
          ================================================================


<PAGE>

================================================================================

5.   Related Party Transaction

     a.   During the three-month period ended September 30, 2001, the Company
          accrued the following expenses to its directors and a company
          controlled by the directors of the Company:

          ----------------------------------------------------------------
          Management compensation                               $   12,000
          Office - equipment rental                                  1,350
          ----------------------------------------------------------------
                                                                $   13,350
          ================================================================

     b.   In the fiscal year ended December 31, 2000, the Company borrowed
          $30,000 from a company controlled by the directors of the Company.
          This $30,000 is non-interest bearing and was repaid in July 2000. The
          Company accrued imputed interest of $900 at an interest rate of 6% per
          annum.

6.   Income Taxes

     At December 31, 2000, the Company has an estimated net operating loss
     carryforward of $55,000, expiring in 2014 if not offset against future
     federal taxable income. There may be certain limitations as to the future
     annual use of the estimated net operating loss carryforward due to certain
     changes in the Company's ownership.

     The tax effect of temporary differences that give rise to the Company's
     deferred tax assets (liabilities) are as follows:

          ----------------------------------------------------------------
          Estimated net operating loss carryforward            $    8,000
          Less: valuation allowance                                (8,000)
          ----------------------------------------------------------------
                                                               $     -
          ================================================================




<PAGE>

================================================================================

Item 2. Management's Discussion And Analysis Of Financial Condition And Results
Of Operations.

The following discussion and analysis should be read together with the Quarterly
Report of Rolltech, Inc., Consolidated Financial Statements of Rolltech, Inc.
and the notes to the Consolidated Financial Statements included elsewhere in
this Form 10-QSB.

This discussion summarizes the significant factors affecting the consolidated
operating results, financial condition and liquidity and cash flows of Rolltech,
Inc. for the quarter ending September 30, 2001. Except for historical
information, the matters discussed in this Management's Discussion and Analysis
of Financial Condition and Results of Operations are forward looking statements
that involve risks and uncertainties and are based upon judgments concerning
various factors that are beyond our control. Actual results could differ
materially from those projected in the forward-looking statements as a result
of, among other things; the factors described below under the caption
"Cautionary Statements and Risk Factors."

Discussion and Analysis of Results of Financial Condition. Results of Operation
for Period Ending September 30, 2001. There was no revenue for the current
reporting quarter ending September 30, 2001. The Company received interest
income of $222 during the reporting quarter. For the reporting period, the
Company had a net operating loss of $(22,781), of which $12,000 was for
Management Compensation, and incurred General and Administrative Expenses of
$(10,781)

Liquidity. From inception of the Company in January of 2000 to the period
ending September 30, 2001, the Company had total operating expenses of
$(135,168). The deficit accumulated during developmental stage was $(135,168),
compared to $(112,387) reported in the previous quarter. The weighted loss per
share was $(.01).

At the end of the reporting quarter, the Company had total current cash asset of
$30,839, compared to $44,727 reported in the previous quarter, and a total
current asset of $36,150, against total current liabilities of $12,007, compared
to total currant asset of $50,038 and total current liabilities of $9,203
reported in the previous quarter. For the period, the increase (decrease) in
cash and cash equivalent was $(30,839). For the reporting period, the Company
received $0.00 from the sale of its shares. From inception to the reporting
period, the Company received $15,000 from the sale of 4 million shares in
restricted securities to its founders and the gross proceeds of $150,000 and net
proceeds of approximately $120,000 from the sale of 1.5 million shares in the
initial public offering of shares (the Offering). There was no revenue from
continued operation for quarter ended September 30, 2001.

Lower Cash and Cash Equivalent Asset. At the end of the reporting quarter, the
Company had total asset of $37,702. To preserve cash for continued operation,
the Management is currently reviewing the overall expenditures of the Company to
curtail some expenses, until additional funding is available, of which there is
no assurance.

Share Trading Activities on the OTCBB. The Company is currently listed for
trading on OTCBB, with the trading symbol of "RLTE." There was no trading for
the reporting Q3.

<PAGE>

================================================================================

Continued Poor Market Condition. As disclosed in the Prospectus of the
Company's initial public offering of shares in June of 2000, it was the intent
of the Company to seek additional funding via a private placement in the amount
of $500,000 to $750,000, within six months from the completion of the Offering,
to enhance the working capital of the Company. The poor market conditions for
public funding may render the desire of the Company for additional funding to be
futile during this year. The difficult access to immediate private placement
funding may cause financial difficulty for the operation and execution of the
Company's plans, since the Company received only an estimated net proceed of
$120,000 from its initial public offering of shares, plus an initial
capitalization of $15,000. In addition, the investor sentiment in general has
clearly turned negative since the final quarter of 2000, which has adversely
affected the Company's effort to trade its shares successfully and may further
aggravate the effort of the Company to seek additional capital through equity
financing.

2.   Discussions and Analysis of Results of Continued Operations

Management's Search for New Product and New Projects.

During Q3 the Management reviewed five new projects, as potential business to
generate revenue. No decision was made related to these projects.

3.   Discussions of Share Issuance, Annual Shareholder Meeting, and Board
     Activities

There was no increase in the Company's securities during the last reporting
period.

Two Executive Officers of the Company Mr. Taly Keren, President, and Dr. Michael
Scheglov, Vice President, will be issued 140,000 restricted common shares in
settlement of Management fees covering time period from March 1 to September 30,
2001, based on the disclosure in the Management Remuneration of the Prospectus,
which stipulated "upon the completion of this Offering, Mr. Taly Keren President
and Dr. Michael Scheglov Vice President will each receive $1000 per month
($12,000 per year), plus $1000 in restricted shares of the Company to be issued
at $.10 (ten cents) per share". These restricted shares are subject to sale
restriction defined in Rule 144 of the Rules and Regulations of the SEC
promulgated under the Act.
As of September 30, 2001, the issuance of the 140,000 restricted shares has not
been enacted yet, and thus, was not reflected in the total issued and
outstanding shares in Q3 report.

"CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. Except for historical
matters, the matters discussed in this Form 10-QSB are forward-looking
statements based on current expectations and involve risks and uncertainties.
Forward-looking statements include, but are not limited to, statements under the
following heading: "Managements Discussion And Analysis Or Plan Of Operations"
the timing and expected profitable results of sales and the need for no
additional financing.

<PAGE>

================================================================================

                                  PART II
                             OTHER INFORMATION

Item 1.   LEGAL PROCEEDINGS

          The Company has had no legal proceedings since its inception.

Item 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS

          There was no change in the Company's securities during the last
          reporting period.

Item 3.   DEFAULTS UPON SENIOR SECURITIES

          Not applicable. The Company has no senior securities.

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

          Not applicable.


Item 5.   OTHER INFORMATION

          None


Item 6.   EXHIBITS AND REPORTS

          (a)   Exhibits

                None




                                  SIGNATURES

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

                                       ROLLTECH, INC.


Dated: November 5, 2001                  Per:  /s/Taly Keren
                                              ----------------------------------
                                              Taly Keren, President and Director

<PAGE>