UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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, 2004

Commission file Number 00114800

CYTATION CORPORATION
(Exact Name of Registrant as Specified in its Charter)

|Delaware                                       | 16-0961436                             
|---------------------------------------------- | ---------------------------------------
|(State or Other Jurisdiction of Incorporation) | (I.R.S. Employer Identification
Number)

251 Thames Street, No. 8, Bristol, RI 02809 (Address of
Principal Executive Offices) (Zip Code)

(401) 254-8800 (Registrant's Telephone Number, Including
Area Code)

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

YES [X] NO [ ]

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practical date:

Common Stock, $.001 Par Value - 436,165 shares as of November 15, 2004.

FORWARD-LOOKING INFORMATION

THIS FORM 10-QSB AND OTHER STATEMENTS ISSUED OR MADE FROM TIME
TO TIME BY CYTATION CORPORATION OR ITS REPRESENTATIVES CONTAIN STATEMENTS WHICH
MAY CONSTITUTE "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE SECURITIES
ACT OF 1933 AND THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED BY THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995. FIFTEEN U.S.C.A. SECTIONS 77Z-2 AND
78U-5 (SUPP. 1996). THOSE STATEMENTS INCLUDE STATEMENTS REGARDING THE INTENT,
BELIEF OR CURRENT EXPECTATIONS OF CYTATION CORPORATION AND MEMBERS OF ITS
MANAGEMENT TEAM AS WELL AS THE ASSUMPTIONS ON WHICH SUCH STATEMENTS ARE BASED.
PROSPECTIVE INVESTORS ARE CAUTIONED THAT ANY SUCH FORWARD-LOOKING STATEMENTS ARE
NOT GUARANTEES OF FUTURE PERFORMANCE AND INVOLVE RISKS AND UNCERTAINTIES, AND
THAT ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED BY SUCH
FORWARD-LOOKING STATEMENTS. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE OR
REVISE FORWARD-LOOKING STATEMENTS TO REFLECT CHANGED ASSUMPTIONS, THE OCCURRENCE
OF UNANTICIPATED EVENTS OR CHANGES TO FUTURE OPERATING RESULTS OVER TIME.

PART 1 FINANCIAL INFORMATION

Item 1. Financial Statements.

Cytation Corporation

CONTENTS

UNAUDITED FINANCIAL STATEMENTS

Balance Sheets as of

Statement of Operations for theNine Months EndedSeptember 30, 2004 and 2003Statements of
Cash Flows for the Nine Months Ended ofSeptember 30, 2004 and 2003

Notes to Financial Statements

---



|Cytation
      Corporation                                                 
|---------------------------------------------------------------------------
|Balance
      Sheets                                                       
|                                                                           
|ASSETS                                                                     
|                                                                           
|                                                                           
|                                                                           
|CURRENT ASSETS:                                                            
|Cash                                                                       
|Marketable securities, at market
      value                               
|Notes receivable,
    stockholders                                         
|Notes receivable, others                                                   
|Prepaid expenses and other current
      assets                            
|                                                                           
|Total Current
      Assets                                                 
|                                                                           
|PROPERTY AND EQUIPMENT, Net                                                
|                                                                           
|OTHER ASSETS:                                                              
|Security deposit                                                           
|Investment in privately-held
      companies                               
|                                                                           
|                                                                           
|                                                                           
|TOTAL
    ASSETS                                                           
|                                                                           
|                                                                           
|LIABILITIES
      AND STOCKHOLDERS' EQUITY                                 
|                                                                           
|CURRENT LIABILITIES:                                                       
|Accounts payable and accrued
      expenses                                
|Note payable and accrued
      interest                                    
|                                                                           
|Total Current
      Liabilities                                            
|                                                                           
|COMMITMENTS AND CONTINGENCIES                                              
|                                                                           
|STOCKHOLDERS' EQUITY:                                                      
|Common stock, $0.001 par value,
      2,000,000 shares authorized,         
|436,165 and 291,165
      shares issued and outstanding, respectively      
|Additional paid-in capital                                                 
|Other comprehensive income -
      unrealized loss on marketable securities
|Accumulated deficit                                                        
|                                                                           
|TOTAL STOCKHOLDERS'
      EQUITY                                           
|                                                                           
|TOTAL LIABILITIES
      AND STOCKHOLDERS' EQUITY                           
|                                                                           
|                                                                           
|See notes to financial
      statements                                    

---



|Cytation
      Corporation                                  
|------------------------------------------------------------
|Statements
      of Operations                              
|For The
      Three Months Ended September 30, 2004 and 2003
|(Unaudited)                                                 
|                                                            
|                                                            
|                                                            
|CONSULTING REVENUE                                          
|                                                            
|COST OF REVENUE                                             
|                                                            
|GROSS PROFIT                                                
|                                                            
|OPERATING EXPENSES:                                         
|Depreciation                                                
|Selling, general and
      administrative                   
|                                                            
|TOTAL OPERATING
      EXPENSES                              
|                                                            
|OPERATING INCOME
      (LOSS)                               
|                                                            
|OTHER INCOME (EXPENSES)                                     
|Loss on sale of investment                                  
|Other income                                                
|Interest income (expenses),
    net                         
|                                                            
|TOTAL OTHER INCOME
      (EXPENSES)                         
|                                                            
|INCOME (LOSS)
      BEFORE INCOME TAXES                     
|                                                            
|INCOME TAXES                                                
|                                                            
|NET INCOME
      (LOSS)                                     
|                                                            
|                                                            
|Net
      (Loss) Income Per Share (Basic and Diluted)       
|                                                            
|Weighted
      Average Common Shares Outstanding            
|                                                            
|                                                            
|See notes to financial
      statements.                    

---



|Cytation
      Corporation                                 
|-----------------------------------------------------------
|Statements
      of Operations                             
|For The
      Nine Months Ended September 30, 2004 and 2003
|(Unaudited)                                                
|                                                           
|                                                           
|                                                           
|CONSULTING REVENUE                                         
|                                                           
|COST OF REVENUE                                            
|                                                           
|GROSS
      PROFIT                                         
|                                                           
|OPERATING EXPENSES:                                        
|Depreciation                                               
|Selling, general and
      administrative                  
|                                                           
|TOTAL
      OPERATING EXPENSES                             
|                                                           
|OPERATING
      (LOSS) INCOME                              
|                                                           
|OTHER INCOME (EXPENSES)                                    
|Gain on sale of investment                                 
|Gain on sale of equipment                                  
|Interest income (expenses),
    net                        
|                                                           
|TOTAL
      OTHER INCOME (EXPENSES)                        
|                                                           
|(LOSS)
      INCOME BEFORE INCOME TAXES                    
|                                                           
|INCOME TAXES                                               
|                                                           
|NET
      (LOSS) INCOME                                    
|                                                           
|Net
      (Loss) Income Per Share (Basic and Diluted)      
|                                                           
|Weighted Average Common Shares Outstanding                 
|                                                           
|                                                           
|See notes to financial
    statements.                     

---



|Cytation Corporation                                        
|------------------------------------------------------------
|Statements of Cash Flows                                    
|For the Nine Months Ended September 30, 2004 and
  2003     
|(Unaudited)                                                 
|                                                            
|                                                            
|CASH FLOWS FROM OPERATING
    ACTIVITIES:                   
|Net (loss)
      Income                                     
|Adjustments to
      reconcile net (loss) income to net cash
|used in operating
      activities:                         
|Depreciation                                                
|Gain
      on sale of investment                            
|Gain
      on sale of equipment                             
|Stock
      based compensation                              
|Accrued
      interest on note payable                      
|Write-off
      of note receivable to consulting fee        
|Non-cash
      consulting income                            
|Non-cash
      consulting fee                               
|Changes in
      operating assets and liabilities:          
|Prepaid
      expenses and others                           
|Prepaid
      expenses and others                           
|Accounts
      payable and accrued expenses                 
|                                                            
|NET
      CASH USED IN OPERATING ACTIVITIES                 
|                                                            
|CASH FLOWS FROM INVESTING
    ACTIVITIES:                   
|Purchases of
      property and equipment                   
|Proceeds from
      sales of marketable securities          
|                                                            
|NET
      CASH PROVIDED BY INVESTING ACTIVITIES:            
|                                                            
|CASH FLOWS FROM FINANCING
    ACTIVITIES:                   
|Collection
      (issuance) of notes receivable             
|Proceeds from
      issuance of common stock                
|                                                            
|NET
      CASH PROVIDED BY FINANCING ACTIVITIES             
|                                                            
|NET
      DECREASE (INCREASE) IN CASH                       
|                                                            
|CASH, Beginning                                             
|                                                            
|CASH, Ending                                                
|                                                            
|SUPPLEMENTAL DISCLOSURE OF CASH FLOW
      INFORMATION:     
|Cash paid
      during the periods for:                     
|Interest                                                    
|                                                            
|Taxes                                                       
|                                                            
|Non-cash
      investing and financing activities:          
|Distribution of
      investment to shareholders as dividend
|Conversion of
      accounts payable to note payable        
|                                                            
|                                                            
|See notes to financial
      statements.                    



Notes to Financial Statements

1.  Basis of Presentation

The accompanying unaudited financial statements of Cytation Corporation (the
"Company") have been prepared in accordance with generally accounting principles
for interim financial information and with the instructions to prepare them for
inclusion as part of the Form 10QSB. Accordingly, they do not include all of the
information and footnotes required by generally accepted accounting principles
for complete financial statements. The financial statements for the periods
ended September 30, 2004 and 2003 are unaudited and include all adjustments
which in the opinion of management, are necessary in order to make the financial
statements not misleading. All such adjustments are of a normal recurring
nature. The results of the Company's operations for any interim period are not
necessarily indicative of the results of the Company's operations for a full
year. For further information, refer to the financial statements and footnotes
thereto included in the Company's Form 10KSB filed with the Securities and
Exchange Commission for the period ended December 31, 2003.

2.  The Company

The Company is engaged in the business of providing consulting and related
services to private companies that wish to become reporting companies under the
Securities Exchange Act of 1934.

3.  Equity Transactions

There were no equity transactions for the quarter ending September 30,
2004.

On March 31, 2004, the Company issued 120,000 of its common shares to certain
consultants and directors for service provided. These shares are valued at $0.60
per share, the Company's stock price on the grant date.

On March 31, 2004, the Company issued 25,000 common shares in connection with
an exercise of stock option with an exercise price at $0.001 per share.

4.  Investment/Non-Cash Income/Non-Cash Expenses

In the third quarter of 2004, the Company received 593,873 restricted shares
of common stock and earned the right to receive 148,468 warrants of an unrelated
entity, Hydrogen Technology Applications, Inc., as compensation for consulting
services provided. This investment is valued at $148,468, which is its
approximate fair value, and recorded as consulting revenue on the accompanying
financial statements. Management anticipates that such investment will be
carried on a cost basis.

In the second quarter of 2004, the Company transferred 105,000 shares of the
common stock of a client company to various third-party consultants as
compensation for consulting services provided and to be provided. As a result,
in such quarter the Company recorded consulting services expense in the amount
of $275,250 and realized a non-cash gain from investment of $65,250.

In the first quarter of 2004, the Company received 500,000
restricted shares of common stock and warrants of an unrelated entity, American
Radio Empire, Inc., as compensation for the consulting services provided. The
investment is valued at $5,000, which is approximately the fair value, and
recorded as consulting revenue on the accompanying financial statements.
Management anticipates that such investment will be carried on a cost basis.

In the first quarter of 2004, the Company transferred 88,750
shares of Solomon Technologies Inc.'s common stock to various consultants, as
compensation for the consulting services provided. As a result, the Company
recorded consulting services in the amount of $443,750. The Company realized a
gain from investment of $266,250.

On December 19, 2003, the Board of Directors of the Company
declared a stock dividend in shares of Solomon. Pursuant to the Board's
resolution, one share of Solomon common stock was to be distributed for each one
share of the Company's common stock owned by the Company's stockholders of
record on December 23, 2003. The "payment date", or the date of the distribution
of the Solomon shares to the Company's stockholders, was to be as soon as
practicable after Solomon's registration statement filed with the Securities and
Exchange Commission on September 19, 2003 ("Registration Statement") was
declared effective and the common stock has been assigned a trading symbol and
approved for trading on the OTCBB or other exchange, provided that
these events occur before February 23, 2004 and provided further that, in
the opinion of the Board of Directors of the Company, there had been no material
change in the terms of the Registration Statement. On January 7, 2004, the
Company distributed 291,165 shares of Solomon stock as dividend on a pro rata
basis to the Company's stockholders. The investment is valued at $582,330, or $2
cost basis per share.



On September 30, 2004, the Companyhad unrealized
loss on marketable securities in amount of $60,678. The fair market value of
these marketable securities on September 30, 2004 was $0.82 per share.

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

Three months ended September 30, 2004 compared to the three months ended
September 30, 2003.

Revenues. We recorded consulting revenue in the amount of $198,468 for
the quarter ended September 30, 2004 compared to zero consulting revenue for the
quarter ended September 30, 2003. This increase is attributable to the fact that
we did not record any revenue from new consulting agreements with client
companies in the quarter ending September 30, 2003, and we recorded revenue from
one such agreement in the quarter ending September 30, 2004.

Our cash and non-cash revenue fluctuates from quarter to quarter. The value
we place on client company restricted securities received by us for services
rendered and to be rendered is not necessarily indicative of the value such
securities will have after they have been registered with the Securities and
Exchange Commission and become eligible to be traded publicly. The value we
place on securities received by us may take into account, among other things,
the risk that they may never be listed on an exchange or otherwise be eligible
to be traded publicly and therefore may have to be held indefinitely.

Cost of Revenues. Our cost of revenues for the quarter ended September
30, 2004 was $3,079 compared to $21,503 cost of revenues for the quarter ended
September 30, 2003. The decrease is attributable principally to the fact that we
expended a greater amount in connection with the performance of our client
company agreement executed in May 2003 than we have so far in connection with
our current client company agreements.

Operating Expenses. Our operating expenses for the quarter ended
September 30, 2004 were $88,377, compared to $16,271 for the quarter ended
September 30, 2003.This increase is attributable principally to the
cancellation of a note payable to us by an affiliate (approximately $45,000),
expenses incurred in connection with our election to become a business
development company under the Investment Company Act of 1940, the payment of
consulting fees and related payroll taxes to or on behalf of one of our
executives and an increase in the scale of our operations.

Operating Loss. Our operating loss for the quarter ended September 30,
2004 was $20,690 compared to an operating loss of $39,160 for the quarter ended
September 30, 2003. This decrease is attributable principally to the fact that
we reported consulting revenue of $198,468 for the current quarter compared to
zero consulting revenue of for the quarter ending September 30, 2003.

Other Income (Expenses). The Company had total net other expenses in the
amount of $127,702 for the quarter ended September 30, 2004 consisting
principally of the loss on the sale of client company securities. This compares
to total other net expenses of $1,386 for the quarter ending September 30, 2003,
consisting entirely of interest expense. The Company had no client company
securities transactions in the quarter ended September 30, 2003.

Nine months ended September 30, 2004 compared to the nine months ended
September 30, 2003.

Revenues. We recorded consulting revenue in the amount of $240,638 for
the nine months ended September 30, 2004 compared to consulting revenue in the
amount of $1,366,178 for the nine months ended September 30, 2003. This decrease
is attributable principally to the fact that the estimated fair value of
securities of two client companies at the time they were received by us for
consulting services during this period in 2004 was $153,468 compared to the
estimated fair value of securities of one client company received by us during
this period in 2003 of $1,326,178.

Cost of Revenues. Our cost of revenues for the nine months ended
September 30, 2004 was $723,283, substantially all of which was associated with
transfers of client company securities that were received by us in 2003 and
reported as income for that year. These transfers were to non-affiliated third
parties for services rendered and to be rendered. We had minimal cost of
revenues for the nine months ended September 30, 2003 inasmuch as we had not
transferred any securities received from client companies as of that
date.

Operating Expenses. Our operating expenses for the nine months ended
September 30, 2004 were $265,960, compared to $99,722 for the nine months ended
September 30, 2003. This increase is attributable principally to the
cancellation of a note payable to us by an affiliate (approximately $45,000),
expenses incurred in connection with our election to become a business
development company under the Investment Company Act of 1940, and an increase in
the scale of our operations.

Operating Loss. Our operating loss for the nine months ended September
30, 2004 was approximately $748,875 compared to operating income of $1,244,953
for the nine months ended September 30, 2003. This loss is attributable
principally to the fact that the estimated fair value of securities of two
client companies at the time they were received by us for consulting services
during this period in 2004 was $153,468 compared to the estimated fair value of
securities of one client company received by us during this period in 2003 of
$1,326,178 as well as to an overall increase in the scale of our operations
during the nine months ended September 30, 2004.

Other Income. During the nine months ended September 30, 2004, the
Company had other net income in the amount of $222,082 from the net gain on the
sale of client company securities and gain resulting from the transfer of client
company securities to third parties for services rendered or to be rendered. The
Company had no revenue from the gain on the sale of client company securities in
the nine months ended September 30, 2003. See Cost of Revenues.

Liquidity and Capital Resources As of September 30, 2004, we had
negative working capital of $115,186 compared to negative working capital of
$153,428 as of September 30, 2003.

We have minimal fixed expenses and minimal operating costs and are able to
operate indefinitely without generating any revenue from the business we
currently conduct. Our officers serve as consultants to us and are paid solely
from revenues generated from transactional income, if any, in an amount approved
by the independent compensation committee of the board of directors. Our
officers have received only minimal payments in the nine months ending September
30, 2004. We occupy our office space on a month-to-month basis. We have no
employment or long-term commitments for office space or services, and our
consulting agreements with our officers require only payment when we have
positive cash flow.

Plan of Operation

After the sale of our previous business in mid-2001, we concluded that it
would be in our stockholders' interest to leverage management's public company
expertise, legal background and brokerage experience by researching the
feasibility of entering into the business of providing consulting and related
services to private companies that wished to "go public" and develop a trading
market for their securities. In consultation with outside legal counsel, we
considered the following factors, among others:

- the IPO market for small and microcap companies as well as the overall
  market for and interest in "reverse merger" transactions
- the level of interest that smaller companies exhibited in becoming
  reporting companies and the reasons going public was attractive to them
- the cash paid by operating companies for "shells" or blank check companies
  and the amount of equity operating companies gave up in a reverse merger
- the type of post-merger difficulties experienced by some companies that
  had engaged in a reverse merger
- the type of pre-merger difficulties experienced by some companies that had
  engaged in, or attempted to engage in, a reverse merger
- the number of promoters of reverse mergers, including facilitators who
  match private companies and shell company owners
- the distribution of shares in the public float and the number of "public"
  shareholders after the reverse merger was consummated
- the applicability of Rule 144 promulgated under the Securities Act of 1933
  to "free-trading" shares held by promoters and others after the consummation
  of reverse mergers
- the exchanges on which reverse merged companies' traded
- the overall performance of reverse merged companies' shares in the
  aftermarket
- the enactment of the Sarbanes-Oxley Act of 2002 on the continued viability
  and practicality of reverse merger transactions.
- the enactment of the Sarbanes-Oxley Act of 2002 on the willingness and
  ability of entrepreneurs to comply with complex and costly reporting
  requirements that provide little, if any, compliance flexibility for small and
  microcap companies.

We concluded as follows:

- investment banking firms are likely to continue to underwrite a very
  limited number of initial public offerings, particularly in the small and
  microcap marketplaces, and that accordingly very limited amounts of public
  capital would be available to our targeted client base
- there were serious transactional and disclosure risks associated with
  reverse mergers and that the substantially increased demand, and requirements
  for full and timely disclosure in the public markets may well not be met by
  the parties to this type of transaction
- reverse mergers proved to be far more expensive than many companies could
  afford and, for this reason alone, our program offered a viable alternative
- there was a market opportunity in offering private companies consulting
  and related services in order to assist them in attaining reporting company
  status under the Securities Exchange Act of 1934 without a substantial cash
  payment requirement, without utilizing a shell or blank check company and
  without engaging in a reverse merger transaction
- larger companies had a reason to engage in non-underwritten public
  offerings apart from any immediate need for capital
- an underwritten initial public offering was not necessarily a suitable
  objective for many larger enterprises than had no immediate need for
  substantial cash infusions and had other valid reasons for transitioning to
  reporting company status

After our stockholders meeting in September 2002, we began implementing a
program based on these conclusions that would enhance stockholder value. Because
the performance of a part of our overall program required an amendment to our
certificate of incorporation, we were not able to engage actively in this
business until it this amendment was effective. The amendment was approved by
our stockholders in September 2002 and implemented before year-end 2002.
Overall, we spent more than one year researching and preparing the business plan
for our program, which included some continuing effort into the first quarter of
2003. Effective as of the second quarter of 2003, however, we no longer were
engaged in these preliminary activities.

Services

We provide a broad range of services as part of our overall agreement with
client companies. These services are:

- assist in the selection of competent corporate and securities counsel
    and independent auditors experienced in SEC practice and procedure
- provide management and financial consulting services, including with
    respect to business plan advice and counsel and strategic direction,
    executive personnel changes and additions, selection of members of the board
    of directors, key contract negotiations and corporate restructuring and
    recapitalizations
- develop strategies and assist clients in meeting stockholder
    distribution and stockholder base necessary for listing on the OTCBB, NASDAQ
    or the American Stock Exchange, including advice with respect to meeting
    applicable initial and maintenance listing requirements
- assist client companies' outside legal counsel in the preparation and
    filing with the SEC of a registration statement, either on Form S-1 or SB-2
- assist client companies' outside legal counsel and auditors with respect
    to SEC Staff comments on the registration statement
- assist client companies in preparing for an audit of their financial
    statements in connection with the registration statement
- assist client companies in obtaining market makers and in filing the
    Form 211 for OTCBB listings
- assist client companies with respect to obtaining a "manual exemption"
    from filing requirements under state securities laws
- evaluate opportunities for obtaining research on client companies
- evaluate general client company profile materials
- advise client company management regarding general private to public
    company transition issues and matters
- introduce client companies to possible institutional sources of private
    financing

We do not provide investor relations or financial public relations services.
Nor do we underwrite client companies' securities. Our management will not
accept management or director positions with any client company.

We are compensated in cash and client company stock for our services. We
expect to sell the stock consideration received after trading of our client
companies' securities begins. All transactions in the securities of client
companies are effected in open market transactions by members of the National
Association of Securities Dealers with which we are not affiliated. If we elect
to distribute as a dividend shares we receive of a client company, they are made
pro rata to our stockholders without expense or fee.

In 2003, we signed two consulting agreements with private companies that
wished to utilize our services. Both companies filed registration statements
with the Securities and Exchange Commission ("SEC"). One company completed the
registration process in the first quarter of 2004, and the other is in the
review process with the SEC. We recorded non-cash revenue in 2003 from the
receipt of equity securities from one of these companies. We have entered into
one additional agreement with a client company and recorded non-cash consulting
revenue resulting from the receipt of client company securities in the quarter
ending September 30, 2004.

As part of our plan to enhance stockholder value, our Board of Directors
declared and paid a dividend of 291,165 shares of the common stock of one client
company. The pay date of the dividend was January 7, 2004.

We do not underwrite our clients' securities, do not make markets in clients'
securities, do not provide research, and do not engage in other services
typically provided by broker-dealers. We generally agree to make introductions
to institutional investors after a client company has filed its registration
statement. However, we will not accept a commission or finders' fee on any
capital realized by client companies as a result of such introductions. We are
preparing an application for membership in the National Association of
Securities Dealers for a wholly-owned subsidiary corporation. When and if that
application is filed and approved, we may generate revenue from commissions from
private placement transactions through this subsidiary corporation.

Our management believes that the Company's program fills an important market
need for business enterprises by enabling them to attain public status and to
achieve a trading market for their securities in full compliance with securities
regulations:

- For smaller companies, we provide a range of management and financial
  consulting services that help prepare clients for public company status
  without undergoing a risky and costly reverse merger. For these companies,
  public status often enhances their ability to attract capital from portfolio
  managers and other institutional investors that will not consider investments
  in private companies.
- For larger companies, we provide similar services as needed in the context
  of an alternative to an underwritten initial public offering, thereby
  minimizing dilution while at the same time enabling them to obtain the
  benefits of public company status, e.g., in order to use their
  publicly-trade securities as acquisition currency and to engage in both
  pre-public and post-public private placements at higher valuations.

Our program is grounded in full disclosure because client companies file a
registration statement with the SEC. We work closely with legal and accounting
professionals of client companies in the preparation of applicable disclosure
documents but do not supplant these professionals. We believe that full
disclosure in the form of a registration statement filed with the SECbefore trading begins is in the spirit of the Securities Act of 1933 as well
as the Sarbanes-Oxley Act. With increasing regulatory skepticism and scrutiny of
reverse mergers and the promoters of these types of transactions, we believe our
program will continue to attract an increasing level of interest from companies
wishing to take advantage of the benefits of public status.

Notwithstanding the foregoing, in connection with the filing of a
registration statement by one of our clients, the SEC concluded that, in those
instances in which we declare and pay a dividend to our stockholders in shares
of a client company's stock, our stockholders are "statutory underwriters" with
respect to the distributed shares. A plaintiff's counsel may assert that status
as a statutory underwriter could result in joint and several liability to our
stockholders for material misstatements or omissions in registration statements
filed by our client companies. Further, the SEC has taken the position that, as
"underwriters," Rule 144 promulgated under the Securities Act of 1933 is not
available with respect to client company shares distributed as a dividend, that
subsequent sales of such shares must be at a fixed price pursuant to a current
client company registration statement, and that the client company certificates
are required to contain a legend on them to the effect that the prospectus
included in such registration statement must be delivered to the buyer of such
shares. The requirement that the client company shares be sold at a fixed price
may have a material adverse effect on the development of a market for these
shares, although we do not believe that it will impact the ability of client
company's shares to trade on an exchange or the OTCBB. These restrictions will
remain in place until such time, if ever, as the client trades on a national
exchange (which does not include the OTCBB) and has been a reporting
company under the Securities Exchange Act of 1934 for at least one year.

Although we do not agree with the SEC's position as described above and its
interpretations of the rules and regulations relating to our program, as a
practical matter we are bound by them.

We believe the SEC's position will not have a material adverse effect on our
business because we do not believe it interferes with our objective of assisting
private companies to become reporting companies under the Securities Exchange
Act of 1934. Moreover, we do not expect that our engagement for such purposes by
a client company will in all instances require us to distribute client company
securities as a dividend to our stockholders. Nevertheless, the SEC's position
has raised some uncertainties as it relates to our methodology, makes our
process more cumbersome for us and for our stockholders (but, we believe, not
materially for our client companies), and may for some time limit the
development of an active trading market in client company securities and
ultimately make it more difficult for us and our stockholders to realize value
from these securities. No assurance can be provided, however, with respect to
the full impact of the SEC's position as it relates to our program.



Item 3. Controls and Procedures

As required by Rule 13a-15 under the Exchange Act, as of the end of the
period covered by this report for the quarter ended September 30, 2004, we have
carried out an evaluation of the effectiveness of the design and operation of
our disclosure controls and procedures. This evaluation was carried out under
the supervision and with the participation of our management, including our
President along with our Chairman and General Counsel. Based upon that
evaluation, our President along with our Chairman and General Counsel concluded
that our disclosure controls and procedures are effective as at the end of the
period covered by this report. There have been no significant changes in our
internal controls or in other factors, which could significantly affect internal
controls subsequent to the date we carried our evaluation.

Disclosure controls and procedures and other procedures that are designed to
ensure that information required to be disclosed in our reports filed or
submitted under the Exchange Act is recorded, processed, summarized and
reported, within the time period specified in the Securities and Exchange
Commission's rules and forms. Disclosure controls and procedures include,
without limitation, controls and procedures designed to ensure that information
required to be disclosed in our reports filed under the Exchange Act is
accumulated and communicated to management, including our President and Chairman
and General Counsel, as appropriate, to allow timely decisions regarding
required disclosure.

PART II OTHER INFORMATION

Item 1. Legal Proceedings.

None.

Item 2. Change in Securities.

None

Item 3. Defaults Upon Senior Securities.

None.

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

None

Item 5. Other Information.

Election of New Director.

Effective August 20, 2004, Richard Parke was appointed by our Board of
Directors as a Class III director to serve until our 2006 annual meeting or
until his successor is elected and qualified. Mr. Parke, 41, is a member of our
Investment Committee. Since 1999, Mr. Parke has managed the sales of multiple
drug portfolio's of Pfizer Inc. to institutional, long term care, and group
practice accounts in Rhode Island . From 1993 until 1999, Mr. Parke held a
similar position at GlaxoSmithKline, PLC. Previously, he held various positions
in the telecommunications industry. Mr. Parke is a 1985 graduate of the State
University of New York at Buffalo with Bachelor of Science degree in Business
Administration.

Election to become a Business Development Company under the
Investment Company Act of 1940. We have elected to be regulated as a
business development company under the Investment Company Act of 1940. "Business
Development Companies". We believe status as a BDC will further our business
plan of providing consulting and related services to private companies that wish
to become "reporting companies" under the Securities Exchange Act of 1934, as
described herein. In connection with our election to be a BDC, we formed two
subsidiary corporations: Sequence Advisors Corporation and Sequence Investment
Partners, Inc. All of the operations previously carried on by us, and all of our
assets, have been transferred to Sequence Advisors Corporation. Sequence
Investment Partners, Inc. currently does not conduct any business but is in the
process of applying for membership in the National Association of Securities
Dealers ("NASD"). As a result of these transactions, we are a holding company
and only conduct our business through our wholly-owned subsidiary
corporations.

Certification under Sarbanes-Oxley Act.  Our president and
acting chief financial officer has furnished to the SEC the certification with
respect to this Report that is required by Section 906 of the Sarbanes-Oxley Act
of 2002. Item 6. Exhibits and Reports on Form 8-K.

1. Exhibits:

The following exhibits are filed as part of or incorporated by reference into
this Report:



|Exhibit | Description                                                                                                                                                                                                     
|------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|3.1     | Amended and Restated Certificate of Incorporation of the
      Company(2)                                                                                                                                       
|3.2     | Articles of Merger between the Company and Cytation Corporation, dated
      February 11, 1999(1)                                                                                                               
|3.3     | Articles of Merger between CollegeLink.com Incorporated and ECI, Inc.,
      dated August 10, 1999(2)                                                                                                           
|3.4     | Certificate of Merger of CollegeLink.com Incorporated and ECI, Inc.,
      dated August 10, 1999(2)                                                                                                             
|3.5     | Certificate of Ownership and Merger between the Company and
      CollegeLink.com Incorporated, dated November 15, 1999(2)                                                                                      
|3.6     | By-Laws of the Company(2)                                                                                                                                                                                       
|4.1     | Please see Exhibits 3.1 and 3.6 for provisions of the Amended and
      Restated Certificate of Incorporation and By-Laws of the Company defining
      the rights of holders of the common stock of the Company
|10.1    | Consulting agreement dated March 18, 2004 by and between Business
      Solutions of the Future Inc. and the
Company                                                                                            

(1)  Incorporated by reference from the Company's Form
8-K, Current Report, filed March 18, 1999, and later amended on April 2,
1999.(2)  Filed as Exhibit to the Company's Registration
Statement No. 333-85079 on Form SB-2 and incorporated herein by
reference.

b.   Reports on Form 8-K

Form 8K, Item 5.02(d)
Corporate Governance and Management, filed on September 8, 2004.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

CYTATION CORPORATION

By: /s/Richard A.
Fisher
       Name: Richard A. Fisher
       Title: Chairman of the Board
and Acting Chief Financial OfficerDate: November 18, 2004