<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

              [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                 For the Quarterly Period ended: June 30, 2001

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

            For transition period from __________ to _______________

                         Commission File Number: 0-25548

                         TECHNOLOGY VISIONS GROUP, INC.,
                         -------------------------------
                       formerly, ORBIT TECHNOLOGIES, INC.
                 (Name of small business issuer in its charter)

          Delaware                                       84-100269
          --------                                       ---------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization)

                         5950 La Place Court, Suite 140
                           Carlsbad, California 92008
                           --------------------------
                    (Address of principal executive offices)

        Registrant's telephone number, including area code: 760/918-9168
        Securities registered pursuant to Section 12(b) of the Act: None

           Securities registered pursuant to Section 12(g) of the Act:
                          Common Stock, $.001 par value
                                (Title of class)

Check whether the issuer (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 the filing requirements for at least
the past 90 days. Yes [X] No [ ]

         At June 30, 2001, 37,679,781 shares of common stock were outstanding.

Transitional Small Business Disclosure Format: Yes [ ]    No [X]



<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                              INDEX TO FORM 10-QSB
                                  JUNE 30, 2001

PART I  -  FINANCIAL INFORMATION

    ITEM 1  -  FINANCIAL STATEMENTS (UNAUDITED)

        BALANCE SHEET                                                      1
            At June 30, 2001

        STATEMENTS OF OPERATIONS                                           2
            For the Six Months Ended June 30, 2000 and 2001

        STATEMENTS OF OPERATIONS                                           3
            For the Three Months Ended June 30, 2000 and 2001

        STATEMENTS OF STOCKHOLDERS' DEFICIENCY                             4
            For the Six Months Ended June 30, 2000 and 2001

        STATEMENTS OF CASH FLOWS                                           5
            For the Six Months Ended June 30, 2000 and 2001

        NOTES TO FINANCIAL STATEMENTS (UNAUDITED)                        6 - 9

    ITEM 2  -  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

PART II - OTHER INFORMATION



<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                                  BALANCE SHEET
                                   (UNAUDITED)
                                AT JUNE 30, 2001

                                     ASSETS
                                     ------

Current Assets:
   Cash                                                            $    123,264
                                                                   -------------

      Total Current Assets                                              123,264

Property and Equipment  - At cost, net of accumulated
   depreciation and allowance against equipment expenditures of
   $330,108                                                               1,116

Intangible Assets, Net of accumulated amortization of $32,230            54,982

Security deposit                                                          4,800
                                                                   -------------

      Total Assets                                                 $    184,162
                                                                   =============

                    LIABILITIES AND STOCKHOLDERS' DEFICIENCY
                    ----------------------------------------

Current Liabilities:
  Accounts payable and accrued liabilities                         $  1,861,010
  Notes payable                                                         815,909
  Convertible debentures                                                375,000
                                                                   -------------

      Total Current Liabilities                                       3,051,919
                                                                   -------------

Commitments, Contingencies and Other Matters
   (Notes 1, 3, 4, 5 and 6)

Stockholders' Deficiency:
   Preferred stock - par value: $.001 per share; shares
      authorized: 2,000,000; shares issued and outstanding: none              -
   Common stock - par value: $.001 per share; shares
      authorized: 100,000,000;  shares issued and outstanding:
      41,220,329                                                         41,220
   Additional paid-in capital                                        14,028,062
   Accumulated deficit                                              (16,933,639)
   Notes receivable - stock sale                                         (3,400)
                                                                   -------------

      Total Stockholders' Deficiency                                 (2,867,757)
                                                                   -------------

      Total Liabilities and Stockholders' Deficiency               $    184,162
                                                                   =============

See notes to financial statements.

                                        1


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.

               (Formerly Orbit Technologies Inc. and Subsidiaries)
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
                 FOR THE SIX MONTHS ENDED JUNE 30, 2000 AND 2001

                                                     2000              2001
                                                -------------      -------------

Revenue                                         $          -       $          -
                                                -------------      -------------

Costs and Expenses:
  Research and development                               689             32,352
  General and administrative                         219,898            345,106
  Amortization of finance charges                          -            462,506
  Interest expense                                    72,637             48,678
  Other income                                      (117,495)            (3,278)
                                                -------------      -------------

        Total Costs and Expenses                     175,729            885,364
                                                -------------      -------------

Net Loss                                        $   (175,729)      $   (885,364)
                                                =============      =============

Per Share Data:
---------------

Basic and Diluted Loss Per Share                $      (.005)      $       (.02)
                                                =============      =============

Weighted Average Number of Common Shares          37,020,651         40,969,433
                                                =============      =============

See notes to financial statements.

                                       2


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                            STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
                FOR THE THREE MONTHS ENDED JUNE 30, 2000 AND 2001

                                                     2000              2001
                                                -------------      -------------

Revenue                                         $          -       $          -
                                                -------------      -------------

Costs and Expenses:
   Research and development                                -             32,352
   General and administrative                        119,306            181,879
   Amortization of finance charges                         -            239,770
   Interest expense                                   25,573             44,274
   Other income                                     (117,495)            (3,237)
                                                -------------      -------------

        Total Costs and Expenses                      27,384            495,038
                                                -------------      -------------

Net Loss                                        $    (27,384)      $   (495,038)
                                                =============      =============

Per Share Data:
---------------

Basic and Diluted Loss Per Share                $      (.001)      $       (.01)
                                                =============      =============

Weighted Average Number of Common Shares          37,031,262         40,982,234
                                                =============      =============

See notes to financial statements.

                                       3


<PAGE>
<TABLE>

                                             TECHNOLOGY VISIONS GROUP, INC.
                                   (Formerly Orbit Technologies Inc. and Subsidiaries)
                                         STATEMENTS OF STOCKHOLDERS' DEFICIENCY
                                                       (UNAUDITED)
                                     FOR THE SIX MONTHS ENDED JUNE 30, 2001 AND 2000

<CAPTION>

                                                                                                             NOTES
                                                COMMON STOCK                                    UNEARNED   RECEIVABLE
                                         -------------------------   ADDITIONAL   ACCUMULATED   FINANCE       FROM
                                           SHARES        AMOUNT   PAID-IN CAPITAL   DEFICIT     CHARGES    STOCKHOLDERS    TOTAL
                                         ------------ ------------ ------------- ------------- ----------- ----------- -------------
<S>                                       <C>         <C>          <C>           <C>           <C>         <C>         <C>
Balance at December 31, 1999              36,822,805  $    36,823  $ 12,173,493  $(15,530,825) $        -  $        -  $ (3,320,509)

Issuance of stock for cash                   229,680          230        37,270             -           -           -        37,500
Cancellation of stock                     (3,703,823)      (3,704)      (33,334)            -           -           -       (37,038)
Issuance of stock and stock options in
  exchange  for notes payable and
  accrued interest                         5,845,090        5,845     1,003,548             -           -           -     1,009,393
Net loss                                           -            -             -      (175,729)          -           -      (175,729)
                                         ------------ ------------ ------------- ------------- ----------- ----------- -------------

Balance at June 30, 2000                  39,193,752  $    39,194  $ 13,180,977  $(15,706,554) $        -  $        -  $ (2,486,383)
                                         ============ ============ ============= ============= =========== =========== =============

Balance at December 31, 2000              40,955,448  $    40,956  $ 13,974,577  $(16,048,275) $ (365,402) $   (3,400) $ (2,401,544)

Issuance of stock for consulting services     26,786           26         3,723             -           -           -         3,749
Amortization of unearned finance charges           -            -             -             -     365,402           -       365,402
Issuance of stock for cash                   238,095          238        49,762             -           -           -        50,000
Net loss                                           -            -             -      (885,364)          -           -      (885,364)
                                         ------------ ------------ ------------- ------------- ----------- ----------- -------------

Balance at June 30, 2001                  41,220,329  $    41,220  $ 14,028,062  $(16,933,639) $        -  $   (3,400) $ (2,867,757)
                                         ============ ============ ============= ============= =========== =========== =============
</TABLE>

See notes to financial statements.

                                                           4


<PAGE>
<TABLE>

                                 TECHNOLOGY VISIONS GROUP, INC.
                       (Formerly Orbit Technologies Inc. and Subsidiaries)
                                    STATEMENTS OF CASH FLOWS
                                           (UNAUDITED)
<CAPTION>

                                                                            For the Six Months Ended
                                                                                   June  30,
                                                                                2000        2001
                                                                             ----------  ----------
<S>                                                                          <C>         <C>
Cash Flows from Operating Activities                                         $(175,729)  $(885,364)
   Net loss
   Adjustments to reconcile net loss to net cash used in operating
      activities:
          Depreciation and amortization                                         12,659       2,724
          Amortization of finance charges                                            -     462,506
          Common stock issued for consulting services                                -       3,749
      Cash provided by (used for) the change in assets and liabilities:        (27,921)    191,857
                                                                             ----------  ----------
           (Increase) decrease in accounts payable and  accrued liabilities

           Net Cash Used in Operating Activities                              (135,149)   (224,528)
                                                                             ----------  ----------

Cash Used in Investing Activities
   Capital expenditures                                                         (1,594)          -
                                                                             ----------  ----------

Cash Flows from Financing Activities
  Proceeds from sale of stock                                                   37,500      50,000
  Proceeds from loans                                                           30,000           -
  Repayment of notes payable                                                         -      (3,682)
                                                                             ----------  ----------

          Net Cash Provided by Financing Activities                             67,500      46,318
                                                                             ----------  ----------

Decrease in Cash                                                               (69,243)   (178,210)

Cash - Beginning                                                                81,587     301,474
                                                                             ----------  ----------

Cash - Ending                                                                $  12,344   $ 123,264
                                                                             ==========  ==========

SCHEDULE OF NON-CASH INVESTING AND FINANCING
   ACTIVITIES:

       Issuance of 5,845,090 shares of common stock and 1,100,000 of stock
          options for cancellation of 3,703,823 shares of common stock,
          $600,000 of notes payable and related accrued interest of
          $372,355                                                           $ 972,355   $       -
                                                                             ==========  ==========
</TABLE>

See notes to financial statements.

                                                 5


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE  1 -       BUSINESS AND CONTINUED OPERATIONS

                The accompanying unaudited financial statements of Technology
                Visions Group, Inc. (the "Company") have been prepared in
                accordance with the generally accepted accounting principles for
                interim financial information and with the instructions to Form
                10-QSB. Accordingly, they do not include all the information and
                footnotes required by generally accepted accounting principles
                for complete financial statements. In the opinion of management,
                all adjustments, consisting of normal recurring accruals,
                necessary for a fair presentation have been included. Operating
                results for the six month period ended June 30, 2001 are not
                necessarily indicative of the results that may be expected for
                the year ending December 31, 2001. These statements should be
                read in conjunction with the financial statements and related
                notes included in the Company's annual report on Form 10-KSB for
                the year ended December 31, 2000.

                Technology Visions Group, Inc. was incorporated in the State of
                Delaware on April 29, 1985. Prior to December 22, 2000, the
                Company name was Orbit Technologies Inc. The Company is a
                technology portal for new and innovative technologies,
                engineering ideas, methods and processes. The Company's business
                plan is to develop or acquire new or innovative technologies
                that hold the potential to become commercially viable products
                or processes. Once a product or process receives commercial
                validation through an outside or third party, it is the
                Company's intention to either spin it off as a separate business
                entity, or license or sell to an affiliated or unaffiliated
                entity that, at that time, becomes responsible for the
                production, marketing and sales of such products or services.
                The Company's technologies are undergoing certain feasibility
                studies and/or actual tests and evaluations. To date, the
                Company has not financially benefitted from the
                commercialization of any of its technologies.

                The accompanying financial statements have been prepared in
                conformity with generally accepted accounting principles, which
                contemplate continuation of the Company as a going concern.
                However, for the year ended December 31, 2000 and the six months
                ended June 30, 2001, the Company incurred net losses of
                approximately $517,000 and $885,000, respectively, and as of
                June 30, 2001, had a stockholders' deficiency and a working
                capital deficiency of approximately $2,582,500 and $2,868,000,
                respectively. The Company requires additional funds to continue
                research and development efforts and complete the necessary work
                to commercialize its technologies. Until completion of the
                development of a technology and the commencement of sales, the
                Company will have no operating revenues, but will continue to
                incur substantial expenses and operating losses. No assurances
                can be given that the Company can complete development of any
                technology or that, if any technology is fully developed, it can
                be manufactured on a large scale basis or at a feasible cost.
                Further, no assurance can be given that any technology will
                receive market acceptance. These factors raise substantial doubt
                about the Company's ability to continue as a going concern.

                                       6


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE  1 -       BUSINESS AND CONTINUED OPERATIONS (Continued)

                While no assurance can be given, management believes the Company
                can raise adequate capital to keep the Company functioning at a
                minimum level of operation through July 2, 2002.

                The Company is exploring ways to reduce its existing
                liabilities, including exchanging certain of its liabilities for
                shares of its common stock.

                The Company's ability to continue as a going concern is
                dependent upon obtaining the additional financing, restructuring
                and/or curing the defaults on its debt, completion of research
                and development and the successful marketing of its
                technologies. These financial statements do not include any
                adjustments relating to the recoverability of recorded asset
                amounts that might be necessary as a result of the above
                uncertainty.

NOTE  2 -       CAPITALIZATION

                Common Stock
                ------------

                During the first quarter of 2001, the Company issued 26,786
                shares of common stock for consulting fees totaling $3,749

                During the second quarter of 2001, the Company issued 238,095
                shares of common stock for proceeds of $50,000.

NOTE  3 -       COMMITMENTS, CONTINGENCIES AND OTHER MATTERS

                Litigation/Disputes
                -------------------

                a)       BENVENISTE, ET AL. VS. LAHEY, ET AL. On June 2, 1997,
                         Richard Benveniste and Edgar Benveniste filed suit in
                         the Delaware Court of Chancery on behalf of
                         themselves and purportedly on behalf of the Company
                         against James B. Lahey, James A. Giansiracusa,
                         Stephen V. Prewett, Ian C. Gent and William N.
                         Whelen. The complaint sought a determination by the
                         Court of Chancery as to who constituted the valid
                         directors of the Company in connection with a written
                         consent action initiated by the plaintiffs. On
                         February 23, 2001, the plaintiffs dismissed this
                         action.

                                       7


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE  4 -       ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

                Accounts payable and accrued liabilities consist of the
                following at June 30, 2001:

                                                          $1,321,740
                                                             314,654
                           Salaries to officers              184,902
                           Professional fees                  39,714
                                                          -----------
                           Interest
                           Miscellaneous                  $1,861,010
                                                          ===========

NOTE  5 -       CONVERTIBLE DEBENTURES

                On December 28, 2000, the Company sold, through a private
                placement, $375,000 of 10% convertible debenture notes, due
                December 28, 2001. As additional consideration, the Company
                issued separate warrants to the purchasers to acquire 375,000
                shares of the Company's common stock at 125% of the conversion
                price, determined as the lesser of $0.14 per share, or 55% of
                the lowest three trading days in the last ten trading days prior
                to the conversion date. The two investors have agreed to
                purchase an additional $375,000 of 10% convertible debenture
                notes at such time as the Company's current registration
                statement is declared effective by the SEC.

                The debenture agreement permits the holders of the debentures to
                convert the debt into shares of common stock at beneficial
                conversion rates. Shares of common stock to be issued at the
                conversion date shall be equal to the outstanding principal and
                accrued interest at the conversion date, divided by the
                conversion price. The conversion price is the lower of $0.14, or
                the average of the lowest three trading days in the last ten
                trading days prior to the conversion date, multiplied by 55%.

                The convertible debenture agreements obligate the Company to
                have on deposit with the transfer agent a number of common
                shares equal to 200% of the sum of (i) the number of shares of
                common stock into which the debentures are convertible, (ii)
                interest thereon and (iii) the number of shares of common stock
                related to the warrants.

                The Company assigned a value of $294,250 to the beneficial
                conversion feature of the $375,000 of debentures and $93,750 to
                the warrants to buy shares issued to the purchasers of the
                convertible debentures. These amounts are accounted for
                separately from the convertible debentures as an addition to
                paid-in capital and as a reduction of stockholders' equity for
                the unearned portion. The unearned portion is being amortized on
                the interest method over the 180-day period that commenced on
                December 28, 2000 and is being charged to financing costs. For
                the six months ended June 30, 2001, amortization of such
                unearned financing cost amounted to $365,402.

                                       8


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE  5 -       CONVERTIBLE DEBENTURES (Continued)

                Costs in connection with the $375,000 convertible debenture
                offering allocated to the convertible debentures, amounted to
                $98,750. Such costs were comprised of legal fees of $55,000, and
                consulting fees of $43,750. The Company is amortizing such costs
                over 180 days as a financing expense commencing December 28,
                2000. For the six months ended June 30, 2001, amortization of
                such costs amounted to $97,104.

                The convertible debentures are collateralized by all goods
                (including property and equipment), inventories, receivables,
                contract rights, general intangibles, documents, chattel paper
                and computer programs, whether presently owned or existing or
                hereafter acquired or produced, and the products and proceeds of
                all the collateral.

NOTE  6 -       STOCKHOLDERS' EQUITY

                Authorized Shares
                -----------------

                Effective December 22, 2000, the articles of incorporation was
                amended to increase the authorized shares of common stock from
                50,000,000 shares par value $.01 to 100,000,000 shares par value
                of $.001. Effective December 22, 2000, the articles of
                incorporation was amended to increase the authorized preferred
                shares from 1,000,000 shares par value $.01 to 2,000,000 shares
                par value $.001.

                Earnings Per Share
                ------------------

                Securities that could potentially dilute basic earnings per
                share ("EPS") in the future that were not included in the
                computation of diluted EPS because to do so would have been
                anti-dilutive for the periods presented consist of the
                following:

                                                            Number of Potential
                                                             Additional Common
                                                                  Shares
                                                            -------------------

              Warrants to purchase common stock                         375,000
              Convertible debentures (assumed conversion at
                  June 30, 2001 market value price and at
                  largest discount)                                   2,679,000
              Notes payable                                             876,000
              Options to purchase common stock                        5,007,000
              Accrued salaries                                        5,820,000
                                                                     -----------

                    Total as of June 30, 2001                        14,757,000
                                                                     ===========

                                       9



<PAGE>

                                     PART I

Forward-Looking Statements

This Form 10-QSB contains forward-looking statements that involve risks and
uncertainties. Technology Visions' actual results could differ materially from
those anticipated in these forward-looking statements as a result of certain
factors, including those set out elsewhere in this Form 10-QSB. The following
summary is qualified in its entirety by the more detailed information and the
consolidated financial statements, including the notes thereto, appearing
elsewhere in this Form 10-QSB.

Plan of Operation

Since 1996, Technology Visions has focused on the development and use of its
polydimethylsiloxane-based Polymer Encapsulation Technology (PET) as a method
for stabilizing and encapsulating various radioactive and toxic waste materials
leading to a final waste form for disposal.

Technology Visions has completed test and evaluation contracts for Lockheed
Martin Idaho Technologies Company and Bechtel BWXT, in conjunction with the U.S.
Department of Energy, Idaho Operations Office, Idaho Falls, ID. The Idaho Falls
site is one of many United States waste management sites containing one form or
another of either radioactive, toxic and/or hazardous waste requiring processing
and cleanup. Technology Visions functions as a subcontractor for Lockheed and/or
Bechtel BWXT and is paid a fixed fee for each contract, which must be completed
within the designated time frame. Following testing, the contractor then submits
a report to the U.S. Department of Energy outlining the results of each
technology tested and recommending further research strategies and treatment
options.

In March 1998, Lockheed Martin Idaho Technologies Company awarded Technology
Visions a contract to evaluate encapsulation of low-level calcine waste with
PET. Calcine waste is a radioactive waste that results from nuclear fuel
reprocessing and consists of salts and heavy metals. Terms of this contract
required Technology Visions to complete testing by August 30, 1998 for the total
purchase price of $27,675. Test results indicated that PET has potential as an
encapsulating method for final disposal of calcine waste and recommended
exploration of further treatment formulations.

In May 1999, Lockheed Martin Idaho Technologies Company awarded Technology
Visions a contract to evaluate its Polymer Encapsulation Technology (PET) for
disposal of actual pilot scale calcine waste. The contract was subsequently
assigned to Bechtel BWXT, Idaho Falls. In September 1999, the contract was
expanded and directed that PET be examined at maximum waste loading scenarios as
a means for transporting high-level calcine wastes out of Idaho to an off-site
melter. Terms of this contract required that testing be completed by September
15, 1999 for a total price of $60,000. In November 1999, testing of PET showed
positive results for encapsulating calcine waste for both disposal at a
permanent high-level waste disposal site and for transportation offsite. Bechtel
BWXT recommended to the U.S. Department of Energy that a pilot plant
demonstration be conducted to test and evaluate disposal parameters and product
transportation. Other recommendations included encapsulation and mixing studies
utilizing actual radioactive materials.

In June 2000, Bechtel BWXT awarded Technology Visions a contract to manage the
evaluation of in-situ grout candidate materials, submitted by different
manufacturers. Field-testing commenced in April 2001. Results from this testing
is not yet available. The fixed price for this testing was $227,351.00.

Technology Visions continues to focus its human resources and funding on the
development of PET as an advanced technological solution to various radioactive
and toxic waste materials identified for disposal by the Department of Energy.
Discussions with Bechtel BWXT, the University of Akron, and the Department of
Energy center around the potential application of a specific formulation of PET.
Technology Visions currently is pursuing additional projects dealing with
high-level radioactive waste and buried low-level mixed waste at the Idaho
National Engineering and Environmental Laboratory at the Department of Energy
site in Idaho Falls, Idaho, and other sites where the Company believes their
products can be utilized.



<PAGE>

Building on the test results of the Lockheed Martin contracts, where PET showed
positive results for encapsulating radioactive waste, the marketing strategy for
the Company is to build a substantial government and private sector business in
which Technology Visions' system will be used in the containment of various
radioactive and heavy metal wastes. Work has begun with initial contacts being
made with industry leaders in the waste management and waste remediation sectors
and potential end-users of the technology. Ultimately, Technology Visions plans
to develop strategic relationships with prime contractors throughout the waste
management industry.

Since its incorporation in 1985, Technology Visions has engaged in the research,
development, acquisition and licensing of technologies. Initially, Technology
Visions concentrated its efforts in the areas of coating, technologies and new
material technologies. During the period from 1985 to 1994, Technology Visions
completed much of the initial research and development for each of these
technologies and the process has developed specific, discrete product lines for
each technology.

Technology Visions' business plan is to develop a specific technology, PET or a
derivative of that technology, for multiple market applications. Then Technology
Visions plans to license the technology and/or application to an unaffiliated
entity. This entity will develop strategies tailored to each technology and/or
application pertaining to manufacturing, marketing, joint venture and
sublicensing. The current working capital from the convertible debenture
financing is expected to satisfy Technology Visions' capital requirements for at
least one year. With that capital, Technology Visions will conduct those
research and development tasks that would expedite the path to
commercialization. Research and development will focus on those efforts
necessary to commercialize Technology Visions' PET material.

Technology Visions also plans to investigate other materials that have the
properties for potential development into a family of stabilizing, encapsulating
and entombing technologies for participation in the radioactive and toxic waste
cleanup market. As with the development of any new technology, until a
commercial product has been developed, purchased and utilized by a third party,
the efficacy of the product is in question. But Technology Visions believes that
based on the developments to date, the company should anticipate a commercial
product in the next twelve to eighteen months.

Commercialization of PET will require additional testing and development
involving formulation optimization and mixing studies to investigate improving
the leak rate of contaminants, thermal freeze/thaw test for durability and
hydrogen generation from radiolysis.

Preliminary testing on potential grouting materials has reflected PET's
significant potential as an entombing material for in-situ waste sites
containing low level radioactive, toxic waste. Additional development work in
regard to PET's application under field conditions is required and planned by
Technology Visions.

Until completion of the final development of a technology and the commencement
of sales, Technology Visions will have minimal or no operating revenues but will
continue to incur substantial expenses. Technology Visions may not be able to
complete development of any technology or if completed, manufacture the
technology on a large-scale basis or at a feasible cost. Further, its
technologies may not receive market acceptance. Being a development stage
entity, Technology Visions is subject to all the risks inherent in the
establishment of a new enterprise and the marketing and manufacturing of a new
product, many of which risks are beyond the control of Technology Visions.

Other Matters.   None.
--------------


<PAGE>

PART II - OTHER INFORMATION

Item 1. Legal Proceedings. None.

Item 2. Changes in Securities. No change.

Item 3. Defaults Upon Senior Securities. None

Item 4. Submission of Matters to a Vote of Security Holders. None.

Item 5. Other Information. None.

Item 6.  Exhibits and Reports on Form 8-K.

         (a)      List of Documents filed as part of this report:

                  (1)      Financial Statements.

                  (2)      Exhibits - See (c) below.

         (b)      Reports on Form 8-K. (1)

         (c)      Exhibits

         Exhibit
         Number            Exhibit
         ------            -------

         (11)     Computation of per share earnings. (1)

         (15)     Letter on unaudited interim financial information. (1)

         (18)     Letter on change in accounting principles. (1)

         (99-1)   Risk Factors. (1)

(1)      See Technology Visions Group, Inc. and Subsidiaries Financial Report
         for the period ended December 31, 2000, which is hereby incorporated by
         reference.

                                   SIGNATURES

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

TECHNOLOGY VISIONS GROUP, INC.
------------------------------
        Registrant

Date: June 30, 2001                       By: /s/ James B. Lahey
      ------------                           -----------------------------------
                                         James B. Lahey, Chief Executive Officer
                                         Chairman of the Board of Directors

Date: June 30, 2001                       By: /s/ James A. Giansiracusa
      ------------                           -----------------------------------
                                             James A. Giansiracusa, Secretary/
                                             Chief Financial Officer