<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


              [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                 For the Quarterly Period ended: September 30, 2001


             [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
            For transition period from __________ to _______________


                         Commission File Number: 0-25548


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



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


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


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

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


Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the Registrant was required to file
such reports), and (2) has been subject to the filing requirements for at least
the past 90 days. Yes [X] No [ ]

         At September 30, 2001, 41,848,983 shares of common stock were
outstanding.

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

<PAGE>

                                     PART I

Forward-Looking Statements

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

Plan of Operation

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

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

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

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

In June 2000, Bechtel BWXT awarded Technology Visions a contract to manage the
evaluation of in-situ grout candidate materials, submitted by different
manufacturers. Field-testing commenced in April 2001. The fixed price for this
testing was $227,351.00.

Technology Visions continues to focus its human resources and funding on the
development of PET as an advanced technological solution to various radioactive
and toxic waste materials identified for disposal by the Department of Energy.
Discussions with Bechtel BWXT, the University of Akron, and the Department of
Energy center around the potential application of a specific formulation of PET.

Technology Visions currently is pursuing additional projects dealing with
high-level radioactive waste and buried low-level mixed waste at the Idaho
National Engineering and Environmental Laboratory at the Department of Energy
site in Idaho Falls, Idaho, and other sites where the Company believes their
products can be utilized.

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

In July 2001, Technology Visions Group began discussions with a potential
business partner to develop, market, and license the firm's proprietary
environmental technology solutions. Technology Visions is pursuing the exclusive
worldwide rights to what is believed to be viable waste disposal products and
applications.

In August 2001, Technology Visions Group announced the expansion of a contract
from Bechtel BWXT Idaho in June 2000 to manage the examination of certain
technologies that were being considered by the Department of Energy as waste
disposal solutions. The contract expansion will examine the diffusion of
specific organics in sludge.

On October 2, 2001 Technology Visions Group Inc. announced that its proprietary
grout material, Gment-12, had been selected by Bechtel BWXT Idaho as the sole
material being considered for the ultimate treatment of more than three million
cubic feet of low-level radioactive mixed waste at the Idaho National
Engineering and Environmental Laboratory (INEEL) Radioactive Waste Management
Subsurface Disposal Area (SDA).

On October 16, 2001 Technology Visions Group, Inc. announced that it had been
awarded a contract to further test and evaluate the proprietary Gment(TM)-12
product as a treatment and stabilization material for transuranic (TRU) and
mixed waste forms previously disposed of at the Idaho National Engineering and
Environmental Laboratory's (INEEL) Subsurface Disposal Area (SDA). Gment(TM)-12
has been chosen as the finalist from a group of seven candidate materials that
had been considered for the treatment of an estimated 3 million cubic feet of
buried waste at the DOE Idaho site.

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

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

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

Preliminary testing on potential grouting materials has reflected Gment(TM)-12's
PET's significant potential as an entombing material for in-situ waste sites
containing low level radioactive, toxic waste. Additional development work in
regard to Gment(TM)-12's PET's application under field conditions is required
and planned by Technology Visions.

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

<PAGE>

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

PART II - OTHER INFORMATION

Item 1. Legal Proceedings. None.

Item 2. Changes in Securities. No change.

Item 3. Defaults Upon Senior Securities. None

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

Item 5. Other Information. None.

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

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

                  (1)      Financial Statements.

                  (2)      Exhibits - See (c) below.

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

         (c)      Exhibits

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

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

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

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

         (99.1)   Risk Factors. (1)

         (99.2)   Press Release - Technology Visions Group's Proprietary
                  Gment-12 Grout Material Selected As Finalist For Phase 2 Field
                  Evaluation

         (99.3)   Press Release - Technology Visions Group Awarded Contract For
                  Pilot Scale Field Test At Idaho Doe Site

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

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



PART I  - FINANCIAL INFORMATION

    ITEM 1  - FINANCIAL STATEMENTS (UNAUDITED)


        BALANCE SHEET                                                          1
            At September 30, 2001

        STATEMENTS OF OPERATIONS                                               2
            For the Nine Months Ended September 30, 2000 and 2001

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

        STATEMENTS OF STOCKHOLDERS' DEFICIENCY                                 4
            For the Nine Months Ended September 30, 2000 and 2001

        STATEMENTS OF CASH FLOWS                                               5
            For the Nine Months Ended September 30, 2000 and 2001

        NOTES TO FINANCIAL STATEMENTS (UNAUDITED)                           6-11


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


PART II - OTHER INFORMATION


<PAGE>
<TABLE>

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



<CAPTION>

                                     ASSETS
                                     ------
<S>                                                                                  <C>
Current Assets:
   Cash                                                                              $     71,259
                                                                                     -------------

      Total Current Assets                                                                 71,259

Property and Equipment  - At cost, net of accumulated
   depreciation of $107,283                                                                 1,036

Intangible Assets, Net of accumulated amortization of $58,513                              53,699

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

      Total Assets                                                                   $    130,794
                                                                                     =============
                    LIABILITIES AND STOCKHOLDERS' DEFICIENCY
                    ----------------------------------------

Current Liabilities:
  Accounts payable and accrued liabilities                                           $  1,955,847
  Notes payable                                                                           815,909
  Convertible debentures                                                                  270,000
                                                                                     -------------

      Total Current Liabilities                                                         3,041,756
                                                                                     -------------

Commitments, Contingencies and Other Matters

Stockholders' Deficiency:
   Preferred stock - par value: $.001 per share; shares
      authorized: 2,000,000; shares issued and outstanding: none                                -
   Common stock - par value: $.001 per share; shares
      authorized: 100,000,000;  shares issued and outstanding:
      43,064,422                                                                           43,064
   Additional paid-in capital                                                          14,280,175
   Accumulated deficit                                                                (17,230,801)
   Notes receivable - stock sale                                                           (3,400)
                                                                                     -------------

      Total Stockholders' Deficiency                                                   (2,910,962)
                                                                                     -------------

      Total Liabilities and Stockholders' Deficiency                                 $    130,794
                                                                                     =============

</TABLE>


See accompanying notes to unaudited financial statements.



                                       1
<PAGE>
<TABLE>

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

<CAPTION>

                                                                 2000               2001
                                                             -------------      -------------
<S>                                                          <C>                <C>
Revenue                                                      $          -       $          -
                                                             -------------      -------------
Costs and Expenses:
  Research and development                                            689             76,262
  General and administrative                                      461,432            575,110
  Amortization of deferred and unearned finance charges                 -            462,506
  Interest expense                                                 91,663             72,637
  Other income                                                   (234,153)            (3,989)
                                                             -------------      -------------
        Total Costs and Expenses                                  319,631          1,182,526
                                                             -------------      -------------

Net Loss                                                     $   (319,631)      $ (1,182,526)
                                                             =============      =============

Per Share Data:

Basic and Diluted Loss Per Share                             $       (.01)      $       (.03)
                                                             =============      =============

Weighted Average Number of Common Shares                       37,139,055         41,506,651
                                                             =============      =============

</TABLE>

See accompanying notes to unaudited financial statements.

                                       2
<PAGE>

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










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

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

Costs and Expenses:
   Research and development                                -             43,910
   General and administrative                        241,533            230,004
   Interest expense                                   19,027             23,959
   Other income                                     (116,659)              (711)
                                                -------------      -------------

        Total Costs and Expenses                    (143,901)          (297,162)
                                                -------------      -------------

Net Loss                                        $   (143,901)      $   (297,162)
                                                =============      =============

Per Share Data:

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

Weighted Average Number of Common Shares          39,247,218         41,671,856
                                                =============      =============





See accompanying notes to unaudited financial statements.

                                       3
<PAGE>
<TABLE>


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

<CAPTION>

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

Issuance of stock for cash                   229,680          230        37,270             -           -           -        37,500
Cancellation of stock                     (3,703,823)      (3,704)      (33,334)            -           -           -       (37,038)
Issuance of stock and stock options in
  exchange for notes payable and
  accrued interest                         5,845,090        5,845     1,003,548             -           -           -     1,009,393
Issuance of stock for conversion of
  notes payable and accrued interest         210,147          210        24,790             -           -           -        25,000
Issuance of stock for accrued expenses       346,233          346       112,192             -           -           -       121,538
Net loss                                           -            -             -      (319,631)          -           -      (318,631)
                                         ------------ ------------ ------------- ------------- ----------- ----------- -------------

Balance at September 30, 2000             39,750,132  $    39,750  $ 13,317,959  $(15,850,456) $        -  $        -  $ (2,492,747)
                                         ============ ============ ============= ============= =========== =========== =============

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

Issuance of stock options for
  consulting services                              -            -        10,000             -           -           -        10,000
Issuance of stock for consulting services     26,786           26         3,723             -           -           -         3,749
Amortization of unearned finance charges           -            -             -             -     365,402           -       365,402
Issuance of stock for cash                   238,095          238        49,762             -           -           -        50,000
Issuance of stock for conversion of
  convertible debentures and accrued
  interest                                 1,443,582        1,443       122,514             -           -           -       123,957
Issuance of stock for directors'
  services                                   500,000          500       109,500             -           -           -       110,000
Exercise of stock options                  1,000,000        1,000         9,000             -           -           -        10,000
Cancellation of stock                     (1,099,489)      (1,099)        1,099             -           -           -             -
Net loss                                           -            -             -    (1,182,526)          -           -    (1,182,526)
                                         ------------ ------------ ------------- ------------- ----------- ----------- -------------

Balance at September 30, 2001             43,064,422  $    43,064  $ 14,280,175  $(17,230,801) $        -  $   (3,400) $ (2,867,757)
                                         ============ ============ ============= ============= =========== =========== =============
</TABLE>


See accompanying notes to unaudited financial statements.


<PAGE>
<TABLE>

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

<CAPTION>

                                                                                            For the Nine Months Ended
                                                                                                 September 30,
                                                                                           2000               2001
                                                                                      --------------     --------------
<S>                                                                                   <C>                <C>
 Cash Flows from Operating Activities
    Net loss                                                                          $    (319,631)     $  (1,182,526)
    Adjustments to reconcile net loss to net cash used in operating
       activities:
           Depreciation and amortization                                                     18,988              4,087
           Amortization of deferred and unearned finance charges                              -                462,506
           Common stock issued for consulting services                                        -                  3,749
           Common stock issued to directors for services rendered                                              110,000
           Stock options issued for consulting services                                                         10,000
       Cash (used in) the change in assets and liabilities:
             Decrease in accounts payable and  accrued liabilities                          159,458            315,651
                                                                                      --------------     --------------

            Net Cash Used in Operating Activities                                          (141,185)          (276,533)
                                                                                      --------------     --------------

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

 Cash Flows from Financing Activities
   Proceeds from sale of stock                                                               37,500             50,000
   Proceeds from loans payable                                                               45,000                  -
   Repayment of notes payable                                                                     -             (3,682)
                                                                                      --------------     --------------

           Net Cash Provided by Financing Activities                                         82,500             46,318
                                                                                      --------------     --------------

 Decrease in Cash                                                                           (60,279)          (230,215)

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

 Cash - End of period                                                                 $      21,308      $      71,259
                                                                                      ==============     ==============


 SCHEDULE OF NON-CASH INVESTING AND FINANCING
    ACTIVITIES:

        Issuance of 5,845,090 shares of common stock and 1,100,000 of stock
           options for cancellation of 3,703,823 shares of common stock,
           $600,000 of notes payable and related accrued interest of
           $372,355                                                                   $     972,355      $           -
                                                                                      ==============     ==============
        Issuance of 346,233 shares of common stock for payment of
           accrued expenses                                                           $     112,538      $           -
                                                                                      ==============     ==============
        Issuance of 210,147 shares of common stock for conversion of
           $25,000 of notes payable                                                   $      25,000      $           -
                                                                                      ==============     ==============
        Issuance of 1,443,582 shares of common stock for conversion of
           Convertible Debentures and related accrued interest                        $           -      $     123,957
                                                                                      ==============     ==============
        Issuance of 1,000,000 shares of common stock for settlement of
           accrued compensation                                                       $           -      $      10,000
                                                                                      ==============     ==============
See accompanying notes to unaudited financial statements.

</TABLE>
                                       5
<PAGE>


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


NOTE 1 - BASIS OF PRESENTATION

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


NOTE 2 - RECENT ACCOUNTING PRONOUNCEMENTS

         In July 2001, the Financial Accounting Standards Board ("FASB") issued
         Statement of Financial Accounting Standards No. 141 ("SFAS"), "Business
         Combinations" which supersedes Accounting Principles Board ("APB")
         Opinion No. 16, "Business Combinations." SFAS 141 requires the purchase
         method of accounting for business combinations initiated after June 30,
         2001 and eliminates the pooling-of-interests method. In addition, SFAS
         141 establishes specific criteria for the recognition of intangible
         assets separately from goodwill and requires unallocated negative
         goodwill to be written off immediately as an extraordinary gain.

         In July 2001, the FASB also issued Statement of Financial Accounting
         Standards No. 142 ("SFAS 142"), "Goodwill and Other Intangible Assets,"
         which is effective for fiscal years beginning after December 15, 2001.
         SFAS 142 supercedes APB Opinion No. 17 "Intangible Assets" and
         requires, among other things, the discontinuance of amortization
         related to goodwill and indefinite lived intangible assets. These
         assets will then be subject to an impairment test at least annually. In
         addition, the standard includes provisions upon adoption for the
         reclassification of certain existing recognized intangibles as
         goodwill, reassessment of the useful lives of existing recognized
         intangibles and reclassification of certain intangibles out of
         previously reported goodwill.


                                       6
<PAGE>


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


NOTE 2 - RECENT ACCOUNTING PRONOUNCEMENTS (Continued)

         The Company is required to complete transition impairment tests no
         later than December 31, 2002. Any impairment resulting from these
         transition tests will be recorded as of January 1, 2002 and will be
         recognized as the cumulative effect of a change in accounting
         principle. The Company will not be able to determine if an impairment
         will be required until completion of such impairment tests.

         In October 2001, the FASB issued Statement of Financial Accounting
         Standards No. 144 ("SFAS 144"), "Accounting for the Impairment or
         Disposal of Long-Lived Assets, "which supercedes Statement of Financial
         Accounting Standards No. 121 ("SFAS 121"), "Accounting for the
         Impairment of Long-Lived Assets and for Long-Lived Assets to be
         Disposed Of" and certain provisions of APB Opinion No. 30, "Reporting
         Results of Operations - Reporting the Effects of Disposal of a Segment
         of a Business, and Extraordinary, Unusual and Infrequently Occurring
         Events and Transaction." SFAS 144 requires that long-lived assets to be
         disposed of by sale, including discontinued operations, be measured at
         the lower of carrying amount or fair value less cost to sell, whether
         reported in continuing operations or in discontinued operations. SFAS
         144 also broadens the reporting requirements of discontinued operations
         to include all components of an entity that have operations and cash
         flows that can be clearly distinguished, operationally and for
         financial reporting purposes, from the rest of the entity. The
         provisions of SFAS 144 are effective for fiscal years beginning after
         December 15, 2001. Management does not believe that this statement will
         have a material effect on the Company's results of operations and
         financial position.

NOTE 3 - BUSINESS AND CONTINUED OPERATIONS

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


                                       7
<PAGE>


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


NOTE 3 - BUSINESS AND CONTINUED OPERATIONS (Continued)

         The accompanying financial statements have been prepared in conformity
         with accounting principles generally accepted in the United States of
         America, which contemplate continuation of the Company as a going
         concern. However, for the year ended December 31, 2000 and the nine
         months ended September 30, 2001, the Company incurred net losses of
         approximately $517,000 and $1,183,000, respectively, and as of
         September 30, 2001, had a stockholders' deficiency and a working
         capital deficiency of approximately $2,911,000 and $2,970,500,
         respectively. The Company requires additional funds to continue
         research and development efforts and complete the necessary work to
         commercialize its technologies. Until completion of the development of
         a technology and the commencement of sales, the Company will have no
         operating revenues, but will continue to incur substantial expenses and
         operating losses.

         No assurances can be given that the Company can complete development of
         any technology or that, if any technology is fully developed, it can be
         manufactured on a large scale basis or at a feasible cost. Further, no
         assurance can be given that any technology will receive market
         acceptance. These factors raise substantial doubt about the Company's
         ability to continue as a going concern.

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

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

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

NOTE 4 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

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


               Salaries to officers                        $   1,374,740
               Professional fees                                 341,966
               Interest                                          189,904
               Miscellaneous                                      49,237
                                                           --------------
                                                           $   1,955,847
                                                           ==============



                                       8
<PAGE>


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


NOTE 5 - CONVERTIBLE DEBENTURES

         On December 28, 2000, the Company sold, through a private placement,
         $375,000 of 10% convertible debenture notes, due December 28, 2001. As
         additional consideration, the Company issued separate warrants to the
         purchasers to acquire 375,000 shares of the Company's common stock at
         125% of the conversion price, determined as the lesser of $0.14 per
         share, or 55% of the lowest three trading days in the last ten trading
         days prior to the conversion date. The two investors have initially
         agreed to purchase an additional $375,000 of 10% convertible debenture
         notes at such time as the Company's current registration statement is
         declared effective by the SEC by a certain date. The registration
         statement was declared effective on July 25, 2001 which was after the
         date agreed to by the convertible debenture holders and therefore they
         did not purchase the additional debentures.

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

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

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

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



                                       9
<PAGE>

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



NOTE 5 - CONVERTIBLE DEBENTURES (Continued)

         During August and September of 2001, the convertible debenture holders
         converted $105,000 of convertible debentures and $18,957 of related
         accrued interest at various conversion prices ranging from $.06 to $.12
         price per share as stipulated in the related debt agreements. The total
         shares issued in connection with these conversions amounted to
         1,443,582.

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

NOTE 6 - STOCKHOLDERS' DEFICIENCY

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

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

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

         During the third quarter of 2001, the Company converted $123,957 of
         convertible debentures and related accrued interest into 1,443,582
         shares of common stock.

         During the third quarter of 2001, two directors of the Company
         exercised 1,000,000 non-qualified stock options at an exercise price of
         $.01 per share. The options, which were exercised, were granted in
         1995.

         During the third quarter of 2001, two directors of the Company were
         issued 500,000 shares of common stock at a price of $.22 per share for
         services rendered.

         During the third quarter of 2001, the Company issued 100,000
         non-qualified stock options at an exercise price of $.01 per share for
         services rendered.

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

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


                                       10
<PAGE>


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



NOTE 6 - STOCKHOLDERS' DEFICIENCY (Continued)

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

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


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



           Warrants to purchase common stock                        375,000
           Convertible debentures (assumed conversion at
               the most advantageous conversion rate)             4,576,271
           Notes payable                                          5,326,439
           Options to purchase common stock                       3,190,672
           Accrued salaries                                       6,651,514
                                                                ------------

                 Total as of September 30, 2001                  20,119,896
                                                                ============


                                       11
<PAGE>

                                   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: November 19, 2001                      By: /s/ James B. Lahey
      ------------                           -----------------------------------
                                         James B. Lahey, Chief Executive Officer
                                         Chairman of the Board of Directors

Date: November 19, 2001                      By: /s/ James A. Giansiracusa
      ------------                           -----------------------------------
                                             James A. Giansiracusa, Secretary/
                                             Chief Financial Officer