<PAGE>   1
                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549
                                   FORM 10-QSB
 (Mark One)

    [x]           QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended September 27, 1997

    [ ]           TRANSITION REPORT UNDER SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________________________ to ___________________

Commission file number        0-25528
                              -------

                               ENVIROQ CORPORATION
        (Exact name of small business issuer as specified in its charter)

               Delaware                                        59 -3290346
   (State or other jurisdiction of                          (I.R.S. Employer
    incorporation or organization)                          Identification No.)

    3918 Montclair Road, Suite 206
        Birmingham,  Alabama                                      35213
 --------------------------------------                         --------
(Address of principal executive offices)                       (Zip Code)

                    Issuer's telephone number: (205)870-0588
                                               -------------

                                       N/A
-------------------------------------------------------------------------------
         (Former name, former address and former fiscal year, if changed
                               since last report)

         Check whether the issuer: (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or
for such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.
                                YES  X        NO
                                    ---         ---

         State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date:

     Common Stock, par value $0.01                         1,009,377
     -----------------------------                    ------------------
            (Class)                                   (Number of Shares)



           Transitional Small Business Disclosure Format (Check one):
                               Yes [ ]   No [x]


<PAGE>   2


                      ENVIROQ CORPORATION AND SUBSIDIARIES

                         FORM 10-QSB SEPTEMBER 27, 1997


<TABLE>
<CAPTION>

                              ITEM                                   PAGE
                              ----                                  -----
<S>                                                                 <C>
CONSOLIDATED CONDENSED BALANCE SHEETS -
         MARCH 29, 1997 AND SEPTEMBER 27, 1997                        3

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS-
         THREE AND SIX MONTHS ENDED SEPTEMBER 27, 1997
         AND SEPTEMBER 28, 1996                                       5

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS -
         THREE AND SIX MONTHS ENDED SEPTEMBER 27, 1997
         AND SEPTEMBER 28, 1996                                       6


NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS                  7


MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS                                            10


PART II - OTHER INFORMATION                                          12


SIGNATURES                                                           14
</TABLE>


                                       2


<PAGE>   3
ENVIROQ CORPORATION

CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED)
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------

                                                                             SEPT. 27,           MARCH 29,
                                                                                1997               1997
                                                                            -----------       ------------

ASSETS

CURRENT ASSETS:
<S>                                                                         <C>               <C>        
   Cash and cash equivalents                                                $ 2,313,680       $ 2,379,613
   Accounts receivable (no allowance considered necessary)                      311,382           314,772
   License fees receivable                                                          930               930
   Inventories                                                                  101,305            52,830
   Notes Receivable                                                              18,927
   Refundable Income Taxes                                                      109,005           101,147
   Prepaid expenses and other assets                                             20,250            23,564
                                                                            -----------       -----------
        Total current assets                                                  2,875,479         2,872,856
                                                                            -----------       -----------

OTHER ASSETS:
   Employee notes receivable                                                     11,858            13,819

PROPERTY, PLANT AND EQUIPMENT, at cost
   Land                                                                         310,135           310,135
   Operating equipment                                                           25,563            25,563
   Other equipment and vehicles                                                  51,080            40,241
                                                                            -----------       -----------
                                                                                386,778           375,939
   Less accumulated depreciation                                                (49,223)          (45,506)
                                                                            -----------       -----------
       Property, Plant and equipment, net                                       337,555           330,433
                                                                            -----------       -----------
TOTAL ASSETS                                                                $ 3,224,892       $ 3,217,108
                                                                            -----------       -----------

</TABLE>


     See accompanying notes to consolidated condensed financial statements



                                       3
<PAGE>   4
<TABLE>
<CAPTION>

ENVIROQ CORPORATION

CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED)
--------------------------------------------------------------------------------------------------------

                                                                     SEPT. 27,             MARCH 29,
                                                                        1997                 1997
                                                                     -----------         ------------
<S>                                                                  <C>                 <C>
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Accounts payable and accrued expenses                             $    71,155         $    69,292
   Salaries, wages and related taxes                                      11,874              18,824
   Income taxes payable                                                    9,976                 958
                                                                     -----------         -----------
      Total current liabilities                                           93,005              89,074
                                                                     -----------         -----------

COMMITMENTS AND CONTINGENCIES (Note 3)

STOCKHOLDERS' EQUITY
   Common stock (par value $.01 per share), authorized
   10,000,000 shares, issued and outstanding
   1,009,377 shares                                                       10,094              10,094
   Additional paid-in capital                                          6,190,647           6,190,647
   Accumulated deficit                                                (3,068,854)         (3,072,707)
                                                                     -----------         -----------
      Total stockholders' equity                                       3,131,887           3,128,034
                                                                     -----------         -----------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                           $ 3,224,892         $ 3,217,108
                                                                     -----------         -----------
</TABLE>


        See accompanying notes to consolidated condensed financial statements


                                        4
<PAGE>   5


ENVIROQ CORPORATION

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (All Periods Unaudited)
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------

                                           THREE MONTHS ENDED                SIX MONTHS ENDED
                                       --------------------------       --------------------------
                                       SEPT. 27,       SEPT. 28,         SEPT. 27,       SEPT. 28,
                                          1997           1996              1997             1996

<S>                                    <C>            <C>               <C>              <C>                 
REVENUES                               $ 302,204      $ 311,113         $ 615,690        $ 635,680           
                                                                                                             
COST OF REVENUES                         127,766        163,556           328,957          345,286           
                                       ---------      ---------         ---------        ---------           
                                                                                                             
GROSS PROFIT                             174,438        147,557           286,733          290,394           
                                       ---------      ---------         ---------        ---------           
                                                                                                             
SELLING, GENERAL AND                                                                                         
ADMINISTRATIVE EXPENSES                  181,132        181,687           357,938          331,051           
                                       ---------      ---------         ---------        ---------           
                                                                                                             
LOSS FROM OPERATIONS                      (6,694)       (34,130)          (71,205)         (40,657)          
                                       ---------      ---------         ---------        ---------           
                                                                                                             
OTHER INCOME                              44,743         31,475            76,704           71,350           
                                       ---------      ---------         ---------        ---------           
                                                                                                             
INCOME (LOSS) BEFORE INCOME TAXES         38,049         (2,655)            5,499           30,693           
                                       ---------      ---------         ---------        ---------           
                                                                                                             
INCOME TAX EXPENSE                         6,530             --             1,647               --       
                                       ---------      ---------         ---------        ---------           
                                                                                                             
NET INCOME (LOSS)                      $  31,519      $  (2,655)            3,852        $  30,693           
                                       =========      =========         =========        =========           
                                                                                                             
NET INCOME (LOSS) PER                                                                                        
SHARE                                  $    0.03      $   (0.00)        $    0.00             0.03           
                                       =========      =========         =========        =========
</TABLE>



     See accompanying notes to consolidated condensed financial statements.


                                       5
<PAGE>   6


ENVIROQ CORPORATION
<TABLE>
<CAPTION>

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (ALL PERIODS UNAUDITED)
-----------------------------------------------------------------------------------------------------------------

                                                                                        SIX MONTHS ENDED
                                                                               ----------------------------------
                                                                                SEPT. 27, 1997     SEPT. 28, 1996
<S>                                                                            <C>                 <C>        
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)                                                              $     3,852         $    30,693
  Adjustments to reconcile net Income (loss) to net
    cash used in operating activities:
      Depreciation                                                                   3,717               3,454
      Amortization                                                                       0               8,995
      Changes in assets and liabilities provided (used) cash:                      (62,663)         (1,276,548)
                                                                               -----------         -----------
          Net cash used in operating activities                                    (55,094)         (1,233,406)
                                                                               -----------         -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Additions to property, plant and equipment                                       (10,839)             (4,554)
                                                                               -----------         -----------
          Net cash used in investing activities                                    (10,839)             (4,554)
                                                                               -----------         -----------

NET DECREASE IN CASH AND
  CASH EQUIVALENTS                                                                 (65,933)         (1,237,960)

CASH AND CASH EQUIVALENTS AT
  BEGINNING OF PERIOD                                                            2,379,613           3,628,990
                                                                               -----------         -----------

CASH AND CASH EQUIVALENTS
  AT END OF PERIOD                                                             $ 2,313,680         $ 2,391,030
                                                                               ===========         ===========
</TABLE>

     See accompanying notes to consolidated condensed financial statements.






                                       6

<PAGE>   7

ENVIROQ CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 1 - MANAGEMENT'S REPRESENTATION

The accompanying unaudited consolidated condensed financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial information and with the instructions for Form 10-QSB. Accordingly,
they do not include all of the information and footnotes required by generally
accepted accounting principles for complete financial statements. These
unaudited financial statements include all adjustments, consisting of normal
recurring accruals, which Enviroq Corporation considers necessary for a fair
presentation of the financial position and the results of operations for these
periods.

The results of operations for the three months ended September 27, 1997 are not
necessarily indicative of the results to be expected for the full year ending
March 28, 1998. For further information, refer to the financial statements and
footnotes thereto included in the Company's Form 10-KSB for the year ended March
29, 1997, as filed with the Securities and Exchange Commission.

NOTE 2 - GENERAL

A.   COMPANY INFORMATION

     Enviroq Corporation, a Delaware corporation (the "Company"), was
     incorporated on February 9, 1995. At the time of its incorporation, the
     Company was a wholly-owned subsidiary of a Delaware corporation formerly
     named Enviroq Corporation ("Old Enviroq"). Prior to April 18, 1995, the
     Company was named New Enviroq Corporation ("New Enviroq"). On April 18,
     1995, Old Enviroq distributed all of the issued and outstanding capital
     stock of New Enviroq to the holders of the common stock of Old Enviroq (the
     "Distribution"). Following the Distribution, the Company changed its name
     from New Enviroq Corporation to Enviroq Corporation. Also following the
     Distribution, Old Enviroq merged with a subsidiary of Insituform
     Mid-America, Inc. ("IMA") and changed its name to Insituform Southeast,
     Inc. ("Insituform Southeast").

     The Company's principal executive office is located at 3918 Montclair Road,
     Suite 206, Birmingham, Alabama 35213, and its telephone number is (205)
     870-0588. The Company's mailing address is P. O. Box 130062, Birmingham,
     Alabama 35213.

     The Company is principally engaged in the development, commercialization,
     formulation and marketing of spray-applied resinous products, and in the
     treatment of municipal wastewater biosolids. The Company's operations are
     conducted primarily through Sprayroq_, Inc., a Florida corporation
     ("Sprayroq"), of which the Company owns 50% of the outstanding capital
     stock. Sprayroq is engaged in the development, commercialization,
     manufacture and marketing of spray-applied resinous materials. Synox_
     Corporation, a Delaware corporation and a wholly-owned subsidiary of the
     Company ("Synox"), has been engaged in the research, development and
     marketing of a process for the treatment of municipal wastewater biosolids.
     To date, most of the revenue and operating income for the Company have
     resulted from the operations of Sprayroq. While the Company intends to
     maintain Synox as a subsidiary, management does not expect any significant
     revenues or other activity for the foreseeable future, and intends to
     minimize expenses*.

*See Safe Harbor Statement on Page 14.


                                       7

<PAGE>   8


     B.  BASIS OF PRESENTATION

     Principles of Consolidation - The consolidated financial statements include
     the accounts of Enviroq Corporation, Synox and Sprayroq. All significant
     intercompany transactions are eliminated. Although the Company owns 50% of
     the outstanding capital stock of Sprayroq, all of the operating results of
     Sprayroq have been included, without discount or reduction.

     C.  INCOME (LOSS) PER SHARE

     Income per share was computed by dividing net income by the 1,009,377
     shares of common stock outstanding as of September 27, 1997, considering
     these shares to be outstanding for all periods presented.

NOTE 3 - COMMITMENTS AND CONTINGENCIES

Synox is the exclusive licensee of certain technology and know-how under a
license agreement with a company controlled by certain affiliates of the
Company. The agreement currently covers 15 states in the license territory and
grants an option to acquire additional territory on a payment of a prepaid
royalty. The option rights expire December 31, 1997.

Under the terms of its license agreement (as amended), Synox is subject to
minimum royalty provisions and to the maintenance of a $50,000 net worth and the
performance of other material provisions of the license agreement. Minimum
annual royalties (based upon retaining the 15 states currently under the
agreement) are due each January 1, for the ensuing calendar year through the
license expiration, according to the following schedule. The license agreement
was amended on December 20, 1996 to change the expiration date of the license
and to provide that no minimum royalty payment would be due on January 1, 1997,
but that such minimum royalty payments would resume on January 1, 1998, in
accordance with the following schedule.

<TABLE>
<CAPTION>

DUE DATE                                           AMOUNT

<S>                                              <C>       
January 1, 1998                                  $  90,336
January 1, 1999                                    180,671
January 1, 2000                                    180,671
January 1, 2001 through 2008                       225,839
</TABLE>

Pursuant to the merger agreement between Old Enviroq and Synox, the stockholders
of Synox at the time of the merger received Old Enviroq shares valued at
$672,000 in the aggregate plus the right to receive additional shares of Old
Enviroq, dependent on the earnings of Synox, up to a maximum value of
$2,017,000. In addition, the then existing obligations of Synox under promissory
notes to certain shareholders ($767,376 at December 30, 1991 plus additional
interest at 7.66%) shall become payable by Synox in cash only after such time as
(i) all the contingent shares have been issued and (ii) accumulated retained
earnings are available for such payment. Interest shall become payable only to
the extent of available net earnings. As a result of the Distribution of Company
shares referred to in Note 2.A above, the obligation to issue contingent shares
became an obligation of the Company to issue its shares in lieu of Old Enviroq
shares. To the extent additional, contingent shares become issuable in the
future or additional obligations become payable in the future, such
consideration will be recorded at that time at its fair value and accounted for
as additional intangible assets.

The Company and Replico Development Company, Inc. ("Replico") each own 50% of
the outstanding capital stock of Sprayroq, and pursuant to the Stockholder
Agreement dated as of March 25, 1992 between the Company (as successor to Old
Enviroq), Sprayroq and Replico, the parties agreed to vote their respective
shares to elect three directors designated by the Company and two directors
designated by Replico. Sprayroq has obtained its operating funds primarily from
the Company. Prior to October 15, 1996, the Company had made loans to Sprayroq
to fund the working capital and other needs of Sprayroq. On October 15, 1996,
the board of

*See Safe Harbor Statement on Page 14.



                                       8
<PAGE>   9

directors of Sprayroq voted to restructure and consolidate this debt with the
Company, and a Consolidated Note evidencing the restructured debt was executed
on October 21, 1996 by Sprayroq. As of September 27, 1997, the principal amount
of the debt was approximately $751,000. The rate of interest on the debt is 7%
per annum. The debt will be amortized over a 30-year period, with the balance of
the principal due, in the form of a "balloon" payment, on October 1, 2001.



                                    * * * * *








*See Safe Harbor Statement on Page 14.

                                       9
<PAGE>   10



MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS

RESULTS OF OPERATIONS

Revenue

     For the three months ended September 27, 1997, the Company generated
     revenues of approximately $302,000, as compared to approximately $311,000
     for the three months ended September 28, 1996, representing a decrease of
     approximately 3%. The decrease in revenues for the three-month period is
     primarily attributable to differences in timing in the release of orders
     for materials from Sprayroq's licensees.

     For the six months ended September 27, 1997, the Company generated revenues
     of approximately $616,000, as compared to approximately $636,000 for the
     six months ended September 28, 1996, representing a decrease of
     approximately 3%. The decrease in revenues for the six-month period is
     primarily attributable to differences in timing in the release of orders
     for materials from Sprayroq's licensees.

Cost of Revenues / Gross Profit

     Cost of revenues were approximately $128,000 for the three months ended
     September 27, 1997, as compared to approximately $164,000 for the three
     months ended September 28, 1996, representing a decrease of approximately
     22%. Cost of revenues for the three-month period decreased primarily as a
     result of the recognition of actual costs associated with new licenses,
     which were less than the accruals of anticipated related costs.

     Cost of revenues were approximately $329,000 for the six months ended
     September 27, 1997, as compared to approximately $345,000 for the six
     months ended September 28, 1996, representing a decrease of approximately
     5%. Cost of revenues for the six-month period decreased primarily as a
     result of the recognition of actual costs associated with new licenses,
     which were less than the accruals of anticipated related costs.

     Gross profit margin was approximately 56% for the three months ended
     September 27, 1997, as compared to approximately 47% for the three months
     ended September 28, 1996. Gross profit margin was approximately 47% for the
     six months ended September 27, 1997, as compared to approximately 46% for
     the six months ended September 28, 1996.

Selling, General and Administrative Expenses

     Selling, General and Administrative Expenses ("S,G&A") for the three months
     ended September 27, 1997 were approximately $181,000, as compared to
     approximately $182,000 for the three months ended September 28, 1996, a
     decrease of less than 1%. S,G&A for the six months ended September 27, 1997
     were approximately $358,000, as compared to approximately $331,000 for the
     six months ended September 28, 1996, an increase of 8%. The increase in
     S,G&A for the six month period is primarily attributable to the relocation
     to Birmingham, Alabama of the operations of Sprayroq in addition to
     increased expenses relating to the promotion of Sprayroq products.

Other Income

     Other Income was approximately $45,000 in income for the three months ended
     September 27, 1997, as compared to approximately $31,000 for the three
     months ended September 28, 1996. Other Income was approximately $77,000 in
     income for the six months ended September 27, 1997, as compared to
     approximately $71,000 for the six months ended September 28, 1996. For the
     three month period and the

*See Safe Harbor Statement on Page 14.

                                       10

<PAGE>   11

     six month period ended September 27, 1997, most of the other income
     resulted from interest income and accrued interest receivable by the
     Company from its bank cash deposits, money market accounts, and other
     investments.

Net Income (Loss)

     For the three months ended September 27, 1997, net income was approximately
     $32,000, as compared to net loss of approximately $3,000 for the three
     months ended September 28, 1996. For the six months ended September 27,
     1997, net income was approximately $4,000, as compared to net income of
     approximately $31,000 for the six months ended September 28, 1996. The
     increase in net income for the three months ended September 27, 1997 was
     primarily attributable to improved gross profit margins and decreased
     S,G&A. The decrease in net income for the six month period ended September
     27, 1997 was primarily attributable to non-recurring expenses incurred
     during the first quarter of fiscal year 1998 related to the relocation of
     Sprayroq's operations.

Financial Condition

     For the three months ended September 27, 1997, stockholders' equity
     increased as compared to the preceding quarter ended June 28, 1997,
     primarily as a result of net income generated over the period. For the six
     months ended September 27, 1997, stockholders' equity increased as compared
     to the fiscal year ended March 29, 1997, primarily as a result of net
     income generated over the period.

     At September 27, 1997, the Company had approximately $2,782,000 in working
     capital and a current ratio of 30.9-to-1, as compared to working capital of
     approximately $2,784,000 and a current ratio of 32.3-to-1 at March 29,
     1997.

     At September 27, 1997, the Company's cash and cash equivalents totaled
     approximately $2,313,000. In addition, accounts receivable totaled
     approximately $311,000. The Company used approximately $66,000 in cash from
     operating and investing activities during the six month period ended
     September 27, 1997, primarily as a result of increases in inventories.

     Depreciation expense was approximately $4,000 for the six months ended
     September 27, 1997. Net fixed assets increased approximately $7,000 between
     March 29, 1997 and September 27, 1997. This increase is attributable to the
     purchase of equipment offsetting the accumulated depreciation.

     The Company does not believe that there is any appreciable seasonal impact
     on the business of the Company, although extreme cold weather may impair
     installation of spray-applied materials which may result in decreased resin
     sales by Sprayroq*.

     The Company's undeveloped property in Jacksonville, Florida (approximately
     10.6 acres) is currently being offered for sale, which may result in an
     increase in the Company's cash*.

     Operating cash flow combined with available cash and cash equivalents are
     currently expected to be sufficient in amount to provide resources to the
     Company's working capital needs during fiscal year 1998*.

*See Safe Harbor Statement on Page 14.


                                       11
<PAGE>   12



PART II - OTHER INFORMATION

ITEM 1 - Legal Proceedings

None.

ITEM 2 - Changes 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

In a letter to the shareholders contained in the annual report of Company for
the year ended March 30, 1996, the president and chief executive officer of the
Company made the following statement:

         "The strong financial position of the Company, along with its status as
         a public company, may offer opportunities for growth. The management of
         your Company is therefore searching for opportunities to leverage the
         Company's advantages to bring additional value to its shareholders.
         Such opportunities may or may not involve the Company's traditional
         businesses and markets."

Management has continued to search for opportunities for growth or other
strategic alliances. There can be no assurances, however, that the Company will
be successful in locating or capitalizing on any such opportunities for growth
or for other strategic alliances*.

*See Safe Harbor Statement on Page 14.


                                       12

<PAGE>   13


ITEM 6 - Exhibits and Reports on Form 8-K

(a)  The following exhibits are included or are incorporated by reference into
     this Form 10-QSB:

Description of Exhibits

     Item


     3.01 Certificate of Incorporation of New Enviroq Corporation. Exhibit 3.01
          to the Company's Registration Statement on Form 10-SB/A2 dated April
          12, 1995, is incorporated herein by reference (Commission File No.
          0-25528).

     3.02 Certificate of Amendment to Certificate of Incorporation of New
          Enviroq Corporation. Exhibit 3.02 to the Company's Registration
          Statement on Form 10-SB/A2 dated April 12, 1995, is incorporated
          herein by reference (Commission File No. 0-25528).

     3.03 Bylaws of New Enviroq Corporation. Exhibit 3.03 to the Company's
          Registration Statement on Form 10-SB/A2 dated April 12, 1995, is
          incorporated herein by reference (Commission File No. 0-25528).

     4.01 Certificate of Designation of Rights and Preferences of Series A
          Preferred Stock. Exhibit 4.01 to the Company's Registration Statement
          on Form 10-SB/A2 dated April 12, 1995 , is incorporated herein by
          reference (Commission File No. 0-25528).

     4.02 Form of Certificate of Common Stock. Exhibit 4.02 to the Company's
          Registration Statement on Form 10-SB/A2 dated April 12, 1995, is
          incorporated herein by reference (Commission File No. 0-25528).

     4.03 Form of Certificate of Series A Preferred Stock. Exhibit 4.03 to the
          Company's Registration Statement on Form 10-SB/A2 dated April 12,
          1995, is incorporated herein by reference (Commission File No.
          0-25528).

     27   Financial Data Schedule (for SEC purposes only).

(b)  Reports on Form 8K filed during the period:

     None.




                                       13
<PAGE>   14


     "Safe Harbor" Statement under the Private Securities Litigation Reform
                                  Act of 1995:


With the exception of historical factual information, the matters and statements
discussed, made or incorporated by reference in this Quarterly Report on Form
10-QSB (including statements regarding trends in the industry and the business
and growth and financing strategies of the Company), as well as those statements
specifically designated with an asterisk (*), constitute forward-looking
statements, contain the words "estimates," "projects," "intends," "believes,"
"anticipates," "expects," and words of similar import, are based upon current
expectations and are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements and
words involve known and unknown assumptions, risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance, or
achievements expressed or implied by such forward-looking statements or words.
Such assumptions, risks, uncertainties and factors include those associated with
general economic and business conditions; industry trends, cyclicality and
seasonality; litigation arising in the course of the Company's business;
dependence on key personnel and favorable relationships with employees;
relationships with and dependence on customers, and suppliers; changes in the
business strategy or development plans of the Company; the availability, terms
and deployment of capital; changes in or the failure to comply with government
regulations; and the inability or failure to identify or consummate successful
acquisitions or to assimilate the operations of any acquired businesses with
those of the Company; and other assumptions, risks, uncertainties and factors
reflected from time to time in the Company's filings with the Securities and
Exchange Commission. The Company expressly disclaims any obligation to update
any forward-looking statements as a result of developments occurring after the
filing of this report.


                                   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.


                                            ENVIROQ CORPORATION


Date: November 10, 1997                     By:   /s/ William J. Long
                                                 ------------------------------
                                                 William J. Long, President
                                                 and Chief Executive Officer
                                                 (Principal Financial and
                                                 Accounting Officer)




                                       14