<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

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

                  For the Quarterly Period Ended: June 30, 2002


              [ ] 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                                       84-1001269
-------------------------------             ------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization)


                         5950 La Place Court, Suite 155
                           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 August 15, 2002, 60,469,277 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)
                          (A DEVELOPMENT-STAGE COMPANY)
                              INDEX TO FORM 10-QSB
                                  JUNE 30, 2002


                                                                            Page
                                                                            ----
PART I
------

Item 1.   Financial Statements

          Balance Sheet - June 30, 2002 (unaudited).......................... 1

          Statements of Operations - Three Months and Six Months Ended
             June 30, 2002 (unaudited) and 2001, as restated, (unaudited).... 2

          Statement of Stockholders' Deficit -Six Months
             Ended June 30, 2002............................................. 3

          Statements of Cash Flows - Six Months Ended
             June 30, 2002 (unaudited) and 2001, as restated, (unaudited).... 4

          Notes to Financial Statements (unaudited).......................... 6


Item 2.   Management's Discussion and Analysis of
          Financial Condition and Results of Operations......................13


PART II
-------

Item 1.   Legal Proceedings..................................................18

Item 2.   Changes In Securities..............................................18

Item 3.   Defaults Upon Senior Securities....................................18

Item 4.   Submission of Matters to a Vote of Security Holders................18

Item 5.   Other Information..................................................18

Item 6.   Exhibits and Reports on Form 8-K...................................18

          Signatures.........................................................19



<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                                  BALANCE SHEET
                                   (UNAUDITED)
                               AS OF JUNE 30, 2002


ASSETS

Cash                                                               $     87,130
Accounts receivable                                                       2,248
                                                                   -------------

   Total current assets                                                  89,378

Property and equipment, net of accumulated depreciation
   of $332,884                                                            5,625
Patents, net of accumulated amortization of $12,060                      18,536
Other assets                                                              4,800
                                                                   -------------

   Total assets                                                    $    118,339
                                                                   =============


LIABILITIES AND STOCKHOLDERS' DEFICIT

Accounts payable                                                   $    371,857
Accrued expenses                                                         51,100
Convertible debentures                                                   55,000
Other                                                                     2,034
                                                                   -------------

   Total current liabilities                                            479,992
                                                                   -------------

Accrued interest to related parties                                     259,186
Notes payable to related parties                                        482,841
Accrued officers and directors compensation                           1,463,945
                                                                   -------------

   Total liabilities                                                  2,685,963
                                                                   -------------

Commitments and contingencies (Note 5)

Stockholders' deficit:
Preferred stock, $.001 par value; 2,000,000 shares authorized;
   none issued and outstanding                                               --
Common stock, $.001 par value; 100,000,000 shares authorized;
   60,052,610 shares issued and outstanding                              60,053
Additional paid-in capital                                           14,478,740
Accumulated deficit during development stage                        (17,103,017)
Notes receivable from issuance of common stock                           (3,400)
                                                                   -------------

   Total stockholders' deficit                                       (2,567,624)
                                                                   -------------

   Total liabilities and stockholders' deficit                     $    118,339
                                                                   =============

                       See notes to financial statements.

                                       1


<PAGE>

<TABLE>
                                    TECHNOLOGY VISIONS GROUP, INC.
                          (Formerly Orbit Technologies Inc. and Subsidiaries)
                                     (A DEVELOPMENT-STAGE COMPANY)
                                       STATEMENTS OF OPERATIONS
                                              (UNAUDITED)
<CAPTION>

                                              For the Three Months            For the Six Months
                                                 Ended June 30,                  Ended June 30,
                                              2002            2001            2002            2001
                                         -------------   -------------   -------------   -------------
                                                         (as restated)                   (as restated)
<S>                                      <C>             <C>             <C>             <C>
Revenues                                 $         --    $         --    $         --    $         --

Costs and expenses:
   Research and development                    41,655          43,060         101,655          68,982
   General and administrative expenses        101,226         176,056         249,066         316,501
                                         -------------   -------------   -------------   -------------

Operating loss                               (142,881)       (219,116)       (350,721)       (385,483)

Other income and (expenses):
   Interest income                                375           3,278             716           3,278
   Gain from reduction of debt                     --              --          15,950         274,250
   Interest expense                           (26,591)       (128,207)        (59,319)       (371,504)
                                         -------------   -------------   -------------   -------------

Net loss                                 $   (169,097)   $   (344,045)   $   (393,374)   $   (479,459)
                                         =============   =============   =============   =============

Basic and dilutive net loss per share    $         --    $      (0.01)   $      (0.01)          (0.01)
                                         =============   =============   =============   =============

Weighted average number
   of shares outstanding                   59,272,704      40,982,234      54,121,150      40,969,433
                                         =============   =============   =============   =============

                                  See notes to financial statements.

                                                  2
</TABLE>


<PAGE>

<TABLE>
                                               TECHNOLOGY VISIONS GROUP, INC.
                                    (Formerly Orbit Technologies Inc. and Subsidiaries)
                                               (A DEVELOPMENT-STAGE COMPANY)
                                             STATEMENT OF STOCKHOLDERS' DEFICIT
                                                        (UNAUDITED)
                                           FOR THE SIX MONTHS ENDED JUNE 30, 2002
<CAPTION>

                                                                               Accumulated        Notes
                                                                                 Deficit       Receivable
                                         Common Stock            Additional      During       From Issuance
                                 ----------------------------     Paid-in      Development      of Common
                                     Shares         Amount        Capital         Stage           Stock           Total
                                 -------------  -------------  -------------  -------------   -------------   -------------
<S>                                <C>          <C>            <C>            <C>             <C>             <C>
Balances at December 31, 2001      46,624,994   $     46,625   $ 14,056,517   $(16,709,643)   $     (3,400)   $ (2,609,901)

Common stock issued for cash        5,707,142          5,708        189,793             --              --         195,501
Common stock issued for
   consulting services                100,000            100          6,900             --              --           7,000
Accrued interest converted
   into common stock                  620,474            620         13,030             --              --          13,650
Common stock issued for
   licensing agreement              1,000,000          1,000         29,000             --              --          30,000
Accounts payable converted
   into common stock                  500,000            500         19,000             --              --          19,500
Accrued compensation converted
   into common stock                5,000,000          5,000        145,000             --              --         150,000
Common stock issued for
   Convertible debentures             500,000            500         19,500             --              --          20,000
Net loss                                   --             --             --       (393,374)             --        (393,374)
                                 -------------  -------------  -------------  -------------   -------------   -------------
Balance at June 30, 2002           60,052,610   $     60,053   $ 14,478,740   $(17,103,017)   $     (3,400)   $ (2,567,624)
                                 ============   ============   ============   ============    ============    ============

                                             See notes to financial statements.

                                                             3
</TABLE>


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)


                                                                Six Months
                                                              ended June 30,

                                                            2002         2001
                                                         ----------   ----------

Cash flows from operating activities:
   Net loss                                              $(393,374)   $(479,459)
   Adjustments to reconcile net loss to net cash
      Used in operating activities:
   Depreciation and amortization                             1,454        2,242
   Amortization of deferred finance costs                       --      302,833
   Gain from reduction of debt                             (15,950)    (274,250)
   Common stock issued for services rendered                 7,000        3,749
   Common stock issued for licensing agreement              30,000           --
    Changes in operating assets and liabilities:
        Decrease (increase) in accounts receivable         150,425       (2,000)
        Increase in accounts payable and
            accrued expenses                               109,101      276,175
                                                         ----------   ----------

   Net cash used in operating activities                  (111,344)    (170,710)
                                                         ----------   ----------

Cash flows from financing activities:
   Proceeds from sale of common stock                      195,501       50,000
   Payments on debenture notes                             (55,000)          --
     Payments on notes payable to officers                  (5,000)     (57,500)
                                                         ----------   ----------

    Net cash provided by (used in) financing activities    135,501       (7,500)
                                                         ----------   ----------

Net increase (decrease) in cash                             24,157     (178,210)
Cash at beginning of period                                 62,973      301,474
                                                         ----------   ----------

Cash at end of period                                    $  87,130    $ 123,264
                                                         ==========   ==========

SUPPLEMENTAL DISCLOSURES:
   Cash paid during the period for:
      Interest                                           $   5,598    $  26,618
                                                         ==========   ==========

Cash paid for income taxes was not significant in either period.

                       See notes to financial statements.

                                       4


<PAGE>

<TABLE>
                           TECHNOLOGY VISIONS GROUP, INC.
                 (Formerly Orbit Technologies Inc. and Subsidiaries)
                            (A DEVELOPMENT-STAGE COMPANY)
                         STATEMENTS OF CASH FLOWS, Continued
                                     (UNAUDITED)
<CAPTION>

                                                                    Six Months
                                                                  Ended June 30,

                                                                2002         2001
                                                             ----------   ----------
<S>                                                          <C>          <C>
Non-cash Financing Activities:

   Accrued officers compensation converted to common stock   $ 150,000    $      --
                                                             ==========   ==========

   Accrued liabilities satisfied with common stock           $  35,450    $      --
                                                             ==========   ==========

   Accrued interest converted to common stock                $  13,650    $      --
                                                             ==========   ==========

   Sale of share of common stock for a receivable            $  30,000    $      --
                                                             ==========   ==========

   Value of shares paid for extinguishment of debt           $  19,500    $      --
                                                             ==========   ==========

   Value of shares paid for payment of debenture note        $  20,000    $      --
                                                             ==========   ==========

                         See notes to financial statements.

                                         5
</TABLE>


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            June 30, 2002 (Unaudited)


NOTE 1 - BUSINESS AND CONTINUED OPERATIONS

Technology Visions Group, Inc. (the "Company") 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's business plan focuses on applied research
and development of new and innovative technologies, engineering ideas, methods,
and processes 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 field tests and evaluations in the
area of the treatment and stabilization of buried low-level mixed radioactive
waste. To date, the Company has not commercialized any of its technologies.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Restatement of Financial Statements
-----------------------------------

The Company restated its financial statements for the three and six months ended
June 30, 2001, to comply with accounting standards generally accepted in the
United States ("US"). The effects of the Company's restatement on their results
of operations for three and six months are as follows:

                                                    Three months      Six months
                                                    ------------      ----------

Net loss, as previously reported                     $(495,038)       $(885,364)
  Decrease (increase) loss:
    Gain from settlement of dispute                         --          274,250
    Accrued                                            150,752          131,173
    Other                                                  241              482
                                                     ----------       ----------
  Net loss, as adjusted                              $(344,045)       $(479,459)
                                                     ==========       ==========

Per share:
Net loss, as previously reported                     $   (0.01)       $   (0.02)
    Gain from settlement of dispute                         --             0.01
    Accrued                                                 --               --
    Other                                                   --               --
                                                     ----------       ----------
  Net loss, as adjusted                              $   (0.01)       $   (0.01)
                                                     ==========       ==========

The Company restated its financial statements for the three months ended March
31, 2002, to record research and development costs of $30,000 that had not been
recorded at the time the Form 10-QSB was filed. In addition, the Company
reclassified the purchase of the exclusive licensing agreement of $30,000 from
operating expenses to research and development to more accurately reflect the
underlying nature of the licensing agreement. The net effect was to increase the
net loss for the three months from $194,277 to $224,277.

Unaudited Interim Financial Statements
--------------------------------------

The interim financial data as of June 30, 2002, and for the three and six months
ended June 30, 2002 and 2001, are unaudited; however, in the opinion of
management, the interim data includes all adjustments, consisting only of normal

                                       6


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            June 30, 2002 (Unaudited)


recurring adjustments, necessary to present fairly the Company's financial
position as of June 30, 2002, and the results of its operations and cash flows
for the three and six months ended June 30, 2002 and 2001. The results for the
six months ended June 30, 2002, are not necessarily indicative of the results
expected for the year ending December 31, 2002. These financial statements and
notes thereto do not reflect all disclosures necessary for preparation under
accounting principals generally accepted in the United States. Refer to the
Company's Annual Report Form 10-KSB for the year ended December 31, 2001.

Going Concern
-------------

The accompanying financial statements have been prepared in conformity with
accounting principles generally accepted in the United States, which contemplate
continuation of the Company as a going concern. The Company, since inception has
suffered losses accumulating to $17,103,017 through June 30, 2002. As of June
30, 2002, had a stockholders' deficit and a working capital deficit of
approximately $2,567,624 and $390,614, respectively. The Company is in arrears
with substantially all of its payables and accrued liabilities. During the six
months ended June 30, 2002, the Company raised $195,500 from the sale of
restricted common stock. The Company requires additional funds to continue
research and development efforts and complete the necessary work to
commercialize its technologies. 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. 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 factors raise substantial doubt about the
Company's ability to continue as a going concern. Management plans to explore
additional sources of working capital including borrowings, sales of securities,
joint ventures and licensing of technologies. Management believes that the
Company can raise adequate capital to keep the Company functioning at a minimum
level of operation in the next fiscal year. Management is exploring ways to
reduce its existing liabilities, including exchanging certain of its liabilities
for shares of its common stock. There can be no assurance that management will
be successful in its efforts to raise funding sufficient to fund its working
capital requirements or convert debts into common stock during the next twelve
months.

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.

Use of Estimates
----------------

The preparation of the financial statements in conformity with accounting
principals generally accepted in the United States requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities, and disclosure of contingent liabilities at the date of the
financial statements and the reported amounts of expenses during the reporting
period. Actual results could differ from those estimates. Primary areas where
financial information of the Company is subject to the use of estimates,
assumptions and the application of judgment include the evaluation of
impairments of intangible assets, and the recoverability of deferred tax assets,
which must be assessed as to whether these assets are likely to be recovered by
the Company through future operations.

                                       7


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            June 30, 2002 (Unaudited)


Risks and Uncertainties
-----------------------

Technologies

The Company's operations are subject to new innovations in product design and
function. Significant technological changes can have an adverse effect on
product lives. Design and development of new products are important elements to
achieve profitability in this industry segment.

Shareholder Dilution

The Company's management has relied on the issuance of its common stock to
provide working capital and provide compensation to officers, directors and
consultants. The trading price of the Company's common stock has declined over
time. If the Company continues to rely on the issuance of common stock to retain
key management and consultants, based on current per-share prices, the existing
shareholders may be significantly diluted in the future.

Incremental Shares
------------------

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 as of June 30, 2002, consist of the following:

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

Notes payable to related parties                                2,630,741
Convertible debentures                                          1,754,386
Options to purchase common stock                                3,190,672
Accrued officers' and directors' compensation                  16,469,385
                                                               -----------
      Total incremental shares at June 30, 2002                24,045,184
                                                               ===========

Adoption of Statements of Financial Accounting Standards
--------------------------------------------------------

In June 2001, the Financial Accounting Standards Board finalized SFAS No. 141,
BUSINESS COMBINATIONS, and No. 142, GOODWILL AND OTHER INTANGIBLE ASSETS. SFAS
141 requires the use of the purchase method of accounting and prohibits the use
of the pooling-of-interests method of accounting for business combinations
initiated after June 30, 2001. SFAS 141 also requires that the Company recognize
acquired intangible assets apart from goodwill if the acquired intangible assets
meet certain criteria. SFAS 141 applies to all business combinations initiated
after June 30, 2001, and for purchase business combinations completed on or
after July 1, 2001. It also requires, upon adoption of SFAS 142 that the Company
reclassify the carrying amounts of intangible assets and goodwill based on the
criteria in SFAS 141. The adoption of this standard has not had a material
effect on its financial position as of June 30, 2002, or results of operations
and cash flows for the three and six months then ended.

SFAS 142 requires, among other things, that companies no longer amortize
goodwill, but instead test goodwill for impairment at least annually. In
addition, SFAS 142 requires that the Company identify reporting units for the
purposes of assessing potential future impairments of goodwill, reassess the
useful lives of other existing recognized intangible assets, and cease
amortization of intangible assets with an indefinite useful life. An intangible
asset with an indefinite useful life should be tested for impairment in
accordance with the guidance in SFAS 121. SFAS 142 is required to be applied in
fiscal years beginning after December 15, 2001, to all goodwill and other
intangible assets recognized at that date, regardless of when those assets were

                                       8


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            June 30, 2002 (Unaudited)


initially recognized. SFAS 142 requires the Company to complete a transitional
goodwill impairment test six months from the date of adoption. The Company is
also required to reassess the useful lives of other intangible assets within the
first interim quarter after adoption of SFAS 142. The adoption of this standard
has not had a material effect on its financial position as of June 30, 2002, or
results of operation for the three and six months then ended.

The FASB also recently issued Statement No. 144, Accounting for the Impairment
or Disposal of Long-Lived Assets. Statement No. 144 supersedes Statement No. 121
to supply a single accounting approach for measuring impairment of long-lived
assets, including segment of a business accounted for as a discontinued
operation or those to be sold or disposed of other than by sale. The adoption of
this standard has not had a material effect on its financial position as of June
30, 2002, or results of operations and cash flows for the three and six months
then ended.

In May 2002, the FASB issued SFAS No. 145, "Rescission of FASB No. 4, 44 and 64,
Amendment of FASB Statement No. 13, and Technical Corrections" (SFAS 145). SFAS
145 updates, clarifies and simplifies certain existing accounting
pronouncements. Currently, SFAS 145 impacts the Company only with respect to the
rescission of SFAS 4. Prior to the issuance of SFAS 145, SFAS 4 required all
gains and losses from extinguishment of debt to be aggregated and, if material,
classified as an extraordinary item, net of related income tax effect. As a
result of the rescission of SFAS 4, the criteria in APB No. 30 will now be used
to classify those gains and losses. SFAS 145 is required to be adopted for
fiscal years beginning after May 2002. The Company has elected to adopt early
the provisions of SFAS 145, and as such reported all gains on settlements of
debt as components of operating income and losses. During the six months ended
June 30, 2002 and 2001, the Company had gains from the reduction of debt
totaling $15,950 and 274,250, respectively. Such amounts have been reflected as
a component of other income in the accompanying statement of operations for the
six months ended June 30, 2002 and 2001.

Recent Accounting Pronouncement
-------------------------------

In July 2002, the FASB issued SFAS No. 146, "Accounting for Costs Associated
with Exit or Disposal Activities." The standard requires companies to recognize
costs associated with exit or disposal activities when they are incurred rather
than at the date of a commitment to an exit or disposal plan. Costs covered by
the standard include lease termination costs and certain employee severance
costs that are associated with a restructuring, discontinued operation, plant
closing, or other exit or disposal activity. This statement is to be applied
prospectively to exit or disposal activities initiated after December 31, 2002.
Management believes the adoption of the provisions of this statement will not
have a material effect on the Company's consolidated financial statements.

NOTE 3 - NOTES PAYABLE TO RELATED PARTIES

During 2002, the holders of these notes payable entered into a standstill
agreement with the Company in which they agreed to forebear any collection of
the debts through December 31, 2003.

                                 INTEREST       PRINCIPAL        ACCRUED
         NOTE                      RATE          BALANCE         INTEREST
         -----------------------------------------------------------------

         Officers                   10%         $ 117,341       $  68,405
         Shareholder             10% - 12%        365,500         190,780
                                                ----------      ----------
                                                $ 482,841       $ 259,185
                                                ==========      ==========

                                       9


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            June 30, 2002 (Unaudited)


NOTE 4 - CONVERTIBLE DEBENTURES

On December 28, 2000, the Company issued, 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 debenture agreement permits the holders of the debentures to convert the
debt into shares of common stock at beneficial conversion rates. The conversion
feature commences at the original issue date. 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%. During 2001, the holders of the debentures elected to convert
$245,000 of principal and $19,025 of interest into 4,985,500 of shares of the
Company's common stock. The conversion price ranged between $0.03 and $0.12 per
share. During the three months ended March 31, 2002, the holders of the
debentures elected to convert $13,650 of accrued interest into 620,474 shares of
the Company's common stock.

In May 2002, the Company entered into an agreement with the debenture holders to
redeem the debentures and cancel the 375,000 warrants. As part of this
agreement, the holders converted $20,000 worth of principle into 500,000 shares
of common stock. In addition, the Company paid in cash $60,290, representing
$55,000 in principle and $5,290 in interest. The remaining $55,000 principle and
$2,034 in interest is to be paid in cash by August 2002.


NOTE 5 - COMMITMENTS AND CONTINGENCIES

Employment and Consulting Agreements
------------------------------------

On January 1, 2002, the Company entered into two employment agreements with its
current officers. The two agreements provide for annual salaries of $150,000
each, and expire January 1, 2004, and provide for automatic annual renewals. In
addition to the salaries, the agreement grants each officer 50,000 shares of
Series A Convertible Preferred stock and 100,000 non-qualified stock options per
year. The stock options are to purchase shares of the Company's common stock at
an exercise price of $0.05 per share, vest immediately, and expire January 1,
2007.

For the three months ended June 30, 2002 and 2001, the expense recorded under
the agreements amounted to $75,000 and $68,000, respectively. At June 30, 2002,
unpaid obligations under these agreements amounted to $1,463,945 including
interest at 10% per annum and are convertible into common stock 10% discounted
at $0.32 per share for compensation earned through 2000 and at $0.05 per share
in 2001. During 2002, the officers and directors entered into a standstill
agreement with the Company in which they agreed to forebear any collection of
this debt through December 31, 2003.

Management Incentive Compensation Plan
----------------------------

On January 3, 1997, the Board of Directors instituted an incentive compensation
plan for two of the Company's key personnel. The plan provides that each
executive would be issued 100,000 shares of common stock for the achievement of
each of the five events described as follows:

1.       An increase in the common stock price to $1.00 per share.

2.       First revenue producing contract.

3.       A singular funding of $1,000,000 or more.

                                       10


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            June 30, 2002 (Unaudited)


4.       The filing of registration statement or the reduction of debt over
         $1,000,000 via a stock conversion or other means.

5.       Cancellation and or the surrender of shares by former officers,
         directors, consultants, etc. who are subject to various legal action by
         the Company.

No compensation was earned under this plan for the three and six months ended
June 30, 2002 and 2001.


NOTE 6 - STOCKHOLDERS' DEFICIT

Common Stock Transactions During the Six Months Ended June 30, 2001
-------------------------------------------------------------------

During the first quarter of 2001, the Company issued 26,786 shares of common
stock for consulting fees totaling $3,749 or $0.14 per share

During the second quarter of 2001, the Company issued 238,095 shares of common
stock for proceeds of $50,000 or $0.21 per share in a private placement intended
to be exempt from registration under section 4(2) and or Regulation D of the
Securities Act of 1933. Shares are restricted and generally sold at a 20%
discount to closing prices based on an average prior to the sale.

Common Stock Transactions During the Six Months Ended June 30, 2002
-------------------------------------------------------------------

First Quarter 2002:
-------------------

The Company issued 500,000 shares of common stock valued at $19,500 or $0.04 per
share, and granted options to purchase 250,000 shares at $0.15 per share, for
legal fees incurred in 2001. These shares were registered under Form S-8 of the
Securities Act of 1933. The amount of the obligation was $35,450 and as a
result, a gain of $15,950 was recognized.

The Company authorized the conversion of $150,000 of accrued salaries to two
officers into a total of 5,000,000 shares of common stock at the conversion rate
of $0.03 per share. These shares were registered under Form S-8 of the
Securities Act of 1933.

The Company issued 4,950,000 shares of common stock for proceeds of $150,500.
The shares were sold at prices ranging between $0.02 and $0.04 per share per
share in a private placement intended to be exempt from registration under
section 4(2) and or Regulation D of the Securities Act of 1933. Shares are
restricted and generally sold at a 20% discount to closing prices based on an
average prior to the sale.

The debenture debt holders elected to convert $13,650 of accrued interest into
620,474 shares of the Company common stock.

On January 31, 2002, the Company issued 1,000,000 shares of common stock to
acquire an exclusive license for the sale and use of various products from an
unrelated third party. The shares were valued at $30,000 on the date of grant,
and were charged to operations as research and development expenses on the
contract date.

The Company entered into an agreement with an unrelated third party to provide
public relations consulting services to the Company. The term of the agreement
is for two years, terminating in December 2003. The Company issued 100,000
shares to the consultant, valued at $7,000 or $0.07 per share and were charged
to operations during the first quarter of 2002.

                                       11


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            June 30, 2002 (Unaudited)


Second Quarter:
---------------

The Company issued 757,142 shares of common stock for proceeds of $45,000. The
shares were sold at prices ranging between $0.02 and $0.05 per share per share
in a private placement intended to be exempt from registration under section
4(2) and or Regulation D of the Securities Act of 1933. Shares are restricted
and generally sold at a 20% discount to closing prices based on an average prior
to the sale.

In connection with the May 2002, agreement with the debenture debt holders (note
4), the Company converted $20,000 of principle on the convertible debentures
into 500,000 shares of common stock.

During the first quarter of 2002, the Company adopted the 2002 non-qualified
stock plan and reserved 1,500,000 shares of the Company's common stock
registered under Form S-8. As of June 30, 2002, the Company did not grant any
shares of common stock under the 2002 plan.


NOTE 7 - GAIN FROM REDUCTION OF DEBT

The Company had promissory notes aggregating $274,250, all of which were past
due. During the first quarter of 2001, the Company reversed all of these notes,
which date back to 1995. The amounts written-off exceeded the California statute
of limitations for unsecured creditor's time frame based on representation from
legal council.

As discussed in Note 6, the Company issued common stock and options valued at
$19,500 to pay legal fees of $35,450. Therefore, the Company recognized the
difference of $15,950 as a gain from the reduction of debt.


NOTE 8 - SUBSEQUENT EVENTS

In July 2002, the Company issued 416,667 shares of common stock for proceeds of
$20,000. The shares were sold at approximately $0.04 per share per share in a
private placement intended to be exempt from registration under section 4(2)
and or Regulation D of the Securities Act of 1933. Shares are generally sold
at a 20% discount to closing prices based on an average prior to the sale.

                                       12


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            June 30, 2002 (Unaudited)


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

General
-------

The discussion and analysis set forth below should be read in conjunction with
our Financial Statements and the related notes thereto appearing elsewhere in
this quarterly report. The information presented for the three and six months
ended June 30, 2002 and June 30, 2001, was derived from unaudited financial
statements, which, in our opinion, reflect all adjustments (consisting only of
normal recurring adjustments) necessary for a fair presentation.

Forward Looking Statements
--------------------------

This Report on Form 10-QSB contains certain forward-looking statements. When
used in this report, press releases and elsewhere by the management of the
Company from time to time, the words "believes", "anticipates", and "expects"
and similar expressions are intended to identify forward-looking statements that
involve certain risks and uncertainties. Additionally, certain statements
contained in this discussion may be deemed forward-looking statements that
involve a number of risks and uncertainties. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date hereof. The Company undertakes no obligation to publicly release the
results of any events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.

Plan of Operation
-----------------

Since 1996, Technology Visions has focused on the development and use of its
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 Idaho, LLC 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 cleanup processing. Technology Visions functions as a
subcontractor for Lockheed and/or Bechtel BWXT Idaho, LLC 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 recommendations
for further research strategies and treatment options.

In March 1998, Lockheed Martin Idaho Technologies Company (LMITCO) awarded
Technology Visions a contract to evaluate the 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. Test results indicated
that PET has potential as an encapsulating methodology for the final disposal of
calcine waste. The final report recommended exploration of further treatment
formulations of the PET process.

In May 1999, LMITCO awarded Technology Visions a contract to evaluate PET for
disposal of actual pilot scale calcine waste. 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 the state
of Idaho for off-site final processing.

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 Idaho, LLC recommended to the U.S.
Department of Energy that a pilot plant demonstration be conducted to test and

                                       13


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            June 30, 2002 (Unaudited)


evaluate engineering criteria, disposal parameters and product transportation
scenarios. Other recommendations included encapsulation and mixing studies
utilizing actual radioactive materials.

In June 2000, Bechtel BWXT Idaho, LLC awarded Technology Visions a contract to
manage the testing and evaluation of certain in-situ grout candidate materials
that were being considered by Bechtel BWXT Idaho, LLC for the treatment of
certain subsurface waste sites at the U. S. Department of Energy site in Idaho.

In April 2001, the Field Implementability Test Phase of the contract was
conducted by Applied Geotechnical Engineering and Construction Company, Inc.
(AGEC) at a site located near Richland, Washington. Upon completion of the Field
Implementability Test Phase, GMENTTM-12 was the sole grout material selected to
be used in a Cold Test Pit Demonstration Project to be conducted in October 2001
at the U. S. Department of Energy (DOE) site in Idaho Falls, ID.

Technology Visions, under an exclusive Trademark License and Technology
Licensing Agreement with Advanced Grout Systems, Ltd., provided 95 tons of
GMENTTM grouting material for the Cold Test Pit Demonstration Project. Testing
results met all criteria established by state and federal regulatory agencies.
Technology Visions is awaiting the final report from Bechtel BWXT Idaho, LLC
which will be submitted to the appropriate federal and state agencies.

We believe that the approval of the GMENTTM material for the treatment and
stabilization of buried low-level mixed waste in certain areas of the Subsurface
Disposal Area (SDA) at the U. S. Department of Energy (DOE) site in Idaho Falls,
ID could provide initial and significant revenues for the Company.

In a report submitted under contract by Applied Geotechnical Engineering and
Construction, Inc. (AGEC), to Bechtel BWXT Idaho, LLC, it is estimated that the
quantity of GMENTTM grout material to treat the areas under consideration would
be approximately 24 million gallons. The total cost of the grout is estimated at
$61,200,000. If the recommendation receives approval via a Record of Decision
(ROD) by federal and state authorities, Technology Visions could anticipate
initiation of the project and revenues within the next year to eighteen months.

With the acceptance and approval of GMENTTM in Idaho, Technology Visions would
aggressively pursue other waste sites in the United States with similar waste
problems as an entree to potential future revenues.

In January 2002, Technology Visions entered into an exclusive Trademark License
and Technology Licensing agreement with Advanced Grout Systems, Ltd. The
territorial rights granted to Technology Visions under the license include the
United States of America and any other countries of the world (world-wide). The
agreement grants Technology Visions the exclusive right to manufacture,
distribute, market, and sell any and all GMENTTM trademarked products. Also, as
part of the exclusive license, Technology Visions is granted first right of
refusal for any additional trademark or non-trademark products developed by
Advanced Grout Systems, Ltd. dealing with environmental remediation or waste
management technologies.

Technology Visions will also continue to search out and acquire technologies or
obtain licenses to use technologies that have multiple market applications in
line with the Company's core expertise and know-how. Technology Visions has
expended time and effort in the analysis of several new technologies. As a
result of its analysis, Technology Visions has identified technologies that may
yield commercially viable products suitable for related applications in the
environmental cleanup market.

Technology Visions' ability to acquire new technologies may ultimately be
limited by its lack of financial resources.

                                       14


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            June 30, 2002 (Unaudited)


Technology Visions or its licensee must, with regard to each technology, after
studies and testing, determine whether the technology is commercially viable. At
that time, Technology Visions or the licensee must develop a plan that will best
exploit this technology. This plan may require the raising of additional funds
for Technology Visions or the licensee to exploit the technology, including the
establishment of a marketing organization to sell this technology. Alternately,
Technology Visions or the licensee may subcontract out the manufacturing, or may
joint venture this technology with existing companies which have manufacturing
or marketing capabilities or further license the technologies for exploitation
to companies that have these capabilities. Upon further licensing, Technology
Visions or the licensee may receive royalty payments or a combination of
revenues structured from the sale and use of the product. Any technology may
also be sold outright with or without future payments based on sales. Therefore,
each technology that may be commercially viable might be exploited in a
different manner and may have various levels of success. To the extent that
Technology Visions seeks to internally exploit any technology, Technology
Visions may require substantial additional capital, which may not be available
on favorable terms, if at all.

Specifically, Technology Visions has identified other opportunities for treating
mixed radioactive waste at the Idaho U. S. Department of Energy site by: a)
stabilizing in-ground low-level mixed radioactive waste and, b) creating a
barrier to contain radioactive materials that are currently polluting the
environment.

Critical Accounting Policies
----------------------------

Our financial statements and related public financial information are based on
the application of accounting principles generally accepted in the United States
("GAAP"). GAAP requires the use of estimates; assumptions, judgments and
subjective interpretations of accounting principles that have an impact on the
assets, liabilities, and expense amounts reported. These estimates can also
affect supplemental information contained in the external disclosures of the
Company including information regarding contingencies, risk and financial
condition. We believe our use of estimates and underlying accounting assumptions
adhere to GAAP and are consistently and conservatively applied. Valuations based
on estimates are reviewed for reasonableness and conservatism on a consistent
basis throughout the Company. Primary areas where our financial information is
subject to the use of estimates, assumptions and the application of judgment
include our evaluation of impairments of intangible assets, and the
recoverability of deferred tax assets, which must be assessed as to whether
these assets are likely to be recovered by us through future operations. We base
our estimates on historical experience and on various other assumptions that we
believe to be reasonable under the circumstances. Actual results may differ
materially from these estimates under different assumptions or conditions. We
continue to monitor significant estimates made during the preparation of our
financial statements.

Valuation Of Long-Lived And Intangible Assets

The recoverability of these assets requires considerable judgment and is
evaluated on an annual basis or more frequently if events or circumstances
indicate that the assets may be impaired. As it relates to definite life
intangible assets, we apply the impairment rules as required by SFAS No. 121,
"Accounting for the Impairment of Long-Lived Assets and Assets to Be Disposed
Of" which requires significant judgment and assumptions related to the expected
future cash flows attributable to the intangible asset. The impact of modifying
any of these assumptions can have a significant impact on the estimate of fair
value and, thus, the recoverability of the asset.

Income Taxes

We recognize deferred tax assets and liabilities based on the differences
between the financial statement carrying amounts and the tax bases of assets and
liabilities. We regularly review our deferred tax assets for recoverability and
establish a valuation allowance based upon historical losses, projected future
taxable income and the expected timing of the reversals of existing temporary
differences. During 2002, we estimated the allowance on net deferred tax assets
to be hundred percent of the net deferred tax assets.

                                       15


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            June 30, 2002 (Unaudited)


Results of Operations
---------------------

Quarter Ended June 30, 2002 Compared to Quarter Ended June 30, 2001

We had no revenues or cost of revenues earned in the quarter ended June 30, 2002
and 2001. Although there were no revenues recorded in the second quarter, the
remaining tasks of the current Bechtel BWXT Idaho, LLC contract are scheduled to
be completed in the third quarter of 2002.

General and administrative expenses were $101,000 in the current quarter
compared to $176,000 in the comparable period last year. The decline is due to
our costs cutting measures, as we continue to maintain minimal overhead.
Included in such amounts are salaries accrued, but unpaid, for two officers in
the amount of $75,000, under the terms of their employment contracts.

During the current quarter, we incurred $41,655 in research and development
costs for the contract to complete the final reports from the grout project. We
are still awaiting the Bechtel BWXT Idaho, LLC Final Report from the Cold Test
Pit Demonstration Project. We anticipate the contract to be completed in the
third quarter of 2002.

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 and the Company will continue to incur losses. Until
completion of the final development of a technology and the commencement of
sales, Technology Visions will have no operating revenues but will continue to
incur substantial expenses.

Six Months Ended June 30, 2002 Compared to Six Months Ended June 30, 2001
-------------------------------------------------------------------------

There were no revenues or cost of revenues earned in the six months ended June
30, 2002 and 2001. Although there were no revenues recorded in the six months,
the remaining tasks of the current Bechtel BWXT Idaho, LLC contract are
scheduled to be completed in the third quarter of 2002.

General and administrative expenses were $249,000 in the current six months
compared to $316,000 in the comparable period last year. The decline is due to
our costs cutting measures, as we continue to maintain minimal overhead.
Included in such amounts are salaries accrued, but unpaid, for two officers in
the amount of $150,000, under the terms of their employment contracts. The
decrease is mainly attributable the decrease in research and development
activities.

During the current six months, our research and development costs were $101,655.
Of this amount, we incurred $71,655 of amounts owing for the final reports from
the grout project. We are still awaiting the Bechtel BWXT Idaho, LLC Final
Report from the Cold Test Pit Demonstration Project. In addition, we purchased
an exclusive licensing fee agreement for the sale and use of various products
from an unrelated third party for $30,000. During the comparable period last
year, the Company expended $69,000 on research and development costs.

Liquidity and Capital Resources
-------------------------------

Since inception, we have suffered losses accumulating to $17,103,017 through
June 30, 2002 and as of June 30, 2002, had a stockholders' deficiency and a
working capital deficiency of approximately $2,567,624 and $390,614,
respectively. Also, we are in arrears with substantially all of our payables.
The report of Technology Visions' independent certified public accountants notes
that we are a development-stage company with no revenues from its intended
operations, has recurring losses and has a working capital deficiency and
stockholders' deficiency at December 31, 2001 and these conditions raise
substantial doubt about our ability to continue as a going concern.

                                       16


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            June 30, 2002 (Unaudited)


To date, we have funded our operations from the private sales of common stock or
notes, most of which have been converted into common stock. These sales have
been able to fund only minimal operations and technological developments.
Development and exploitation of technologies have been delayed by lack of
adequate funding.

Management is exploring additional sources of working capital including
borrowings, sales of securities, joint ventures and licensing of technologies.
Management believes that we can raise adequate capital to keep us functioning at
a minimum level of operation in the next fiscal year. However, there can be no
assurances that management will be successful in obtaining adequate funding to
complete development of its 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.

On December 28, 2000, we entered into a 10% Secured Convertible Debenture
Agreement, in which we issued debentures to AJW Partners, LLC and New Millennium
Capital Partners II, LLC for $375,000. The debentures expired on December 29,
2001. In May 2002, we entered into an agreement with the debenture holders to
redeem the debentures. As part of this agreement, the holders converted $20,000
worth of principle into 500,000 shares of common stock. In addition, the Company
paid in cash $60,290, representing $55,000 in principle and $5,290 in interest.
The remaining $55,000 principle and $2,034 in interest is to be paid in cash by
August 2002.

We do not expect to make any significant capital purchases in 2002, except for
possible equipment for the PET or GMENTTM treatment systems.

                                       17


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            June 30, 2002 (Unaudited)


PART II: OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

                  None

ITEM 2.  CHANGES IN SECURITIES

                  During the quarter ended June 30, 2002, the Company issued
757,142 shares of common stock to two investors for proceeds of $45,000. The
shares were sold at $0.05 per share in private placements intended to be exempt
from registration under section 4(2) and or Regulation D of the Securities Act
of 1933.

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)      Exhibits

                           (1)      99.1 CEO Certification

                           (2)      99.2 CFO Certification

                  (b)      None

                                       18


<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
               (Formerly Orbit Technologies Inc. and Subsidiaries)
                          (A DEVELOPMENT-STAGE COMPANY)
                            June 30, 2002 (Unaudited)


                                   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: August 14, 2002          By: /s/  James B. Lahey
                               ------------------------------------------------
                                        James B. Lahey, Chief Executive Officer
                                        Chairman of the Board of Directors

Date: August 14, 2002          By: /s/  James A. Giansiracusa
                               ------------------------------------------------
                                        James A. Giansiracusa, Secretary
                                        Chief Financial Officer


                                       19