<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 December 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
                                               -------------

<TABLE>
<S>                                  <C> 
                                     N/A
----------------------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since last report)
</TABLE>

         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 DECEMBER 27, 1997



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

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

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS -
         THREE AND NINE MONTHS ENDED DECEMBER 27, 1997
         AND DECEMBER 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>
                                                                   Dec. 27,               March 29, 
                                                                     1997                    1997      
                                                                  -----------            -----------
<S>                                                               <C>                    <C> 
ASSETS

CURRENT ASSETS:
   Cash and cash equivalents                                      $ 2,274,628            $ 2,379,613
   Accounts receivable (no allowance considered necessary)            496,365                314,772
   License fees receivable                                                930                    930
   Inventories                                                        143,149                 52,830
   Notes Receivable                                                    15,254                     -- 
   Refundable Income Taxes                                            113,472                101,147
   Prepaid expenses and other assets                                   11,066                 23,564
                                                                  -----------            -----------
        Total current assets                                        3,054,864              2,872,856
                                                                  -----------            -----------

OTHER ASSETS:
   Employee notes receivable                                           11,858                 13,819
   Other                                                               14,929                     --
                                                                  -----------            -----------
        Total other assets                                             26,787                 13,819
                                                                  -----------            -----------

PROPERTY, PLANT AND EQUIPMENT, at cost
   Land                                                               310,135                310,135
   Operating equipment                                                 25,463                 25,563
   Other equipment and vehicles                                        57,917                 40,241
                                                                  -----------            -----------
                                                                      393,515                375,939
   Less accumulated depreciation                                      (50,747)               (45,506)
                                                                  ===========            ===========
       Property, Plant & Equipment, net                               342,768                330,433
                                                                  -----------            -----------
TOTAL ASSETS                                                      $ 3,424,419            $ 3,217,108
                                                                  ===========            ===========
</TABLE>



      See accompanying notes to consolidated condensed financial statements.




                                       3
<PAGE>   4



ENVIROQ CORPORATION

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

<TABLE>
<CAPTION>
                                                                   Dec. 27,               March 29, 
                                                                     1997                    1997      
                                                                  -----------            -----------
<S>                                                               <C>                    <C> 
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Accounts payable and accrued expenses                          $   133,659            $    69,292
   Salaries, wages and related taxes                                    6,488                 18,824
   Income taxes payable                                                43,520                    958
                                                                  -----------            -----------
      Total current liabilities                                       183,667                 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                                             (2,959,989)            (3,072,707)
                                                                  -----------            -----------
          Total stockholders' equity                                3,240,752              3,128,034
                                                                  -----------            -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                        $ 3,424,419            $ 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          NINE MONTHS ENDED
                                          ----------------------     ------------------------   
                                           DEC. 27,    DEC. 28,      DEC. 27,       DEC. 28, 
                                            1997        1996           1997           1996

<S>                                       <C>         <C>          <C>            <C>      
REVENUES                                  $463,854    $ 304,289    $1,079,544     $ 939,969

COST OF REVENUES                           193,820      156,145       522,777       501,430
                                          --------    ---------    ----------     ---------
GROSS PROFIT                               270,034      148,144       556,767       438,539
                                          --------    ---------    ----------     ---------
SELLING, GENERAL AND
ADMINISTRATIVE EXPENSES                    161,782      207,993       519,720       539,044
                                          --------    ---------    ----------     ---------

INCOME (LOSS) FROM OPERATIONS              108,252      (59,849)       37,047      (100,506)
                                          --------    ---------    ----------     ---------

OTHER INCOME                                29,691       36,661       106,395       108,011
                                          --------    ---------    ----------     ---------

INCOME (LOSS) BEFORE INCOME TAXES          137,943      (23,188)      143,442         7,505
                                          --------    ---------    ----------     ---------

INCOME TAX EXPENSE (BENEFIT)                29,077       (9,225)       30,724        (9,225)
                                          --------    ---------    ----------     ---------

NET INCOME (LOSS)                         $108,866    $ (32,413)   $  112,718     $  (1,720)
                                          --------    ---------    ----------     ---------

NET INCOME (LOSS) PER
SHARE                                     $   0.11    $   (0.03)   $     0.11     $  (0.00)
                                          ========    =========    ==========     =========
</TABLE>



     See accompanying notes to consolidated condensed financial statements.



                                       5


<PAGE>   6

ENVIROQ CORPORATION

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (All Periods Unaudited)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>

                                                                          NINE MONTHS ENDED
                                                                 ------------------------------------
                                                                 DEC. 27, 1997         DEC. 28, 1996
<S>                                                              <C>                   <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)                                                  $   112,718           ($    1,720)
  Adjustments to reconcile net Income (loss) to net
    cash used in operating activities:
      Depreciation                                                       5,110                 6,714
      Amortization                                                                            13,492
      Decrease in income taxes payable                                                    (1,040,504)
      Changes in assets and liabilities which used cash:              (205,133)             (152,547)
                                                                   -----------           -----------
          Net cash used in operating activities                        (87,305)           (1,174,565)
                                                                   -----------           -----------


CASH FLOWS FROM INVESTING ACTIVITIES:
  Additions to property, plant and equipment                           (17,680)               (4,803)
                                                                   -----------           -----------
          Net cash used in investing activities                        (17,680)               (4,803)
                                                                   -----------           -----------

NET DECREASE IN CASH AND
  CASH EQUIVALENTS                                                    (104,985)           (1,179,368)

CASH AND CASH EQUIVALENTS AT
  BEGINNING OF PERIOD                                                2,379,613             3,628,990
                                                                   -----------           -----------
CASH AND CASH EQUIVALENTS
  AT END OF PERIOD                                                 $ 2,274,628           $ 2,449,622
                                                                   ===========           ===========
</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 December 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(R), 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(R)
     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 (loss) per share was computed by dividing net income (loss) by the
     1,009,377 shares of common stock outstanding as of December 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
granted an option to acquire additional territory on a payment of a prepaid
royalty. The option rights expired on 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 22, 1997 to change the expiration date of the license
and to provide that no minimum royalty payment would be due on January 1, 1998,
but that such minimum royalty payments would resume on January 1, 1999, in
accordance with the following schedule.

<TABLE>
<CAPTION>
DUE DATE                                              AMOUNT

<S>                                                   <C>     
January 1, 1999                                       $ 90,336
January 1, 2000                                        180,671
January 1, 2001                                        180,671
January 1, 2002 through 2009                           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


--------------------------------------------------------------------------------
*See Safe Harbor Statement on Page 14.


                                       8


<PAGE>   9

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 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 December 27, 1997, the
principal amount of the debt was approximately $747,000. 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 December 27, 1997, the Company generated
     revenues of approximately $464,000, as compared to approximately $304,000
     for the three months ended December 28, 1996, representing an increase of
     approximately 53%. The increase in revenues for the three-month period is
     primarily attributable to an increase in orders for materials from
     Sprayroq's licensees.

     For the nine months ended December 27, 1997, the Company generated revenues
     of approximately $1,080,000, as compared to approximately $940,000 for the
     nine months ended December 28, 1996, representing an increase of
     approximately 15%. The increase in revenues for the nine-month period is
     primarily attributable to an increase in orders for materials from
     Sprayroq's licensees.

Cost of Revenues / Gross Profit

     Cost of revenues were approximately $194,000 for the three months ended
     December 27, 1997, as compared to approximately $156,000 for the three
     months ended December 28, 1996, representing an increase of approximately
     24%. Cost of revenues for the three-month period increased primarily as a
     result of an increase in revenues resulting from orders for materials from
     Sprayroq's licensees.

     Cost of revenues were approximately $523,000 for the nine months ended
     December 27, 1997, as compared to approximately $501,000 for the nine
     months ended December 28, 1996, representing an increase of approximately
     4%. Cost of revenues for the nine-month period increased primarily as a
     result of an increase in revenues resulting from orders for materials from
     Sprayroq's licensees.

     Gross profit margin was approximately 58% for the three months ended
     December 27, 1997, as compared to approximately 49% for the three months
     ended December 28, 1996. Gross profit margin was approximately 52% for the
     nine months ended December 27, 1997, as compared to approximately 47% for
     the nine months ended December 28, 1996.

Selling, General and Administrative Expenses

     Selling, General and Administrative Expenses ("S,G&A") for the three months
     ended December 27, 1997 were approximately $162,000, as compared to
     approximately $208,000 for the three months ended December 28, 1996, a
     decrease of 22%. S,G&A for the nine months ended December 27, 1997 were
     approximately $520,000, as compared to approximately $539,000 for the nine
     months ended December 28, 1996, a decrease of 4%. The decrease in S,G&A for
     the three month and the nine month period is primarily attributable to the
     reduction in expenses at Enviroq.

Other Income

     Other Income was approximately $30,000 in income for the three months ended
     December 27, 1997, as compared to approximately $37,000 for the three
     months ended December 28, 1996. Other Income was approximately $106,000 in
     income for the nine months ended December 27, 1997, as compared to
     approximately $108,000 for the nine months ended December 28, 1996. For the
     three month period and the nine month period ended December 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.



--------------------------------------------------------------------------------
*See Safe Harbor Statement on Page 14.



                                       10
<PAGE>   11

Net Income (Loss)

     For the three months ended December 27, 1997, net income was approximately
     $109,000, as compared to net loss of approximately $32,000 for the three
     months ended December 28, 1996. For the nine months ended December 27,
     1997, net income was approximately $113,000, as compared to net loss of
     approximately $2,000 for the nine months ended December 28, 1996. The
     increase in net income for the three months and the nine months ended
     December 27, 1997 was primarily attributable to increased revenues,
     improved gross profit margins and decreased S,G&A.

Financial Condition

     For the three months ended December 27, 1997, stockholders' equity
     increased as compared to the preceding quarter ended September 27, 1997,
     primarily as a result of net income generated over the period. For the nine
     months ended December 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 December 27, 1997, the Company had approximately $2,871,000 in working
     capital and a current ratio of 16.6-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 December 27, 1997, the Company's cash and cash equivalents totaled
     approximately $2,275,000. In addition, accounts receivable totaled
     approximately $496,000. The Company used approximately $105,000 in cash
     from operating and investing activities during the nine month period ended
     December 27, 1997, primarily as a result of increases in accounts
     receivable and inventories.

     Depreciation expense was approximately $5,000 for the nine months ended
     December 27, 1997. Net fixed assets increased approximately $13,000 between
     March 29, 1997 and December 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. Their 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

<TABLE>
<CAPTION>

        Item
        ----
        <S>       <C>

        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).

        10.01     Further Amended Agreement as of December 22, 1997 by and between Long Enterprises, Inc. and
                  Synox Corporation.

        27        Financial Data Schedule (for S.E.C. Use Only) 
</TABLE>

(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: February 10, 1998            By:   /s/ William J. Long
                                         ------------------------------
                                             William J. Long, President
                                             and Chief Executive Officer
                                             (Principal Financial and
                                             Accounting Officer)





                                       14