U.S. 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 quarter ended March 31, 1997
                                  OR
         [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                                OF THE
                    SECURITIES EXCHANGE ACT OF 1934
                    Commission file number 33-89326

                      ---------------------------

                            HLS (USA), INC.
                      (formerly HARVEST E-XPRESS)

                      ---------------------------


      (Name of Small Business Issuer as specified in its charter)


                Nevada                                87-0530644
     ------------------------------               -------------------
     State of other jurisdiction of               (I.R.S. employer
     incorporation or organization)               identification No.)

          145 West 44th Street, 6th Floor, New York, NY 10036
          ---------------------------------------------------
               (Address of principal executive offices)

    Registrant's telephone no., including area code: (212) 289-7772
    ---------------------------------------------------------------
                           Harvest E-xpress
                  29 East 100 North, Malad, ID 83252
                  -----------------------------------
    Former name, former address, and former fiscal year, if changed
                          since last report.

 Securities registered pursuant to Section 12(b) of the Exchange Act: None

 Securities registered pursuant to Section 12(g) of the Exchange Act: None

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

Common Stock  outstanding at May 1, 1997 - 990,000 shares of $.001 par
value Class A Common  Stock and  29,010,000  shares of $.001 par value
Class B Common Stock.


<PAGE>



                            HLS (USA), INC.


                               CONTENTS


                                                                 PAGE
                                                                 ----

PART 1     ITEM 1 FINANCIAL INFORMATION

     --    Condensed Balance Sheets-                               1
             March 31, 1997 and December 31, 1996

     --    Condensed Statements of Operations-                     2
              For three months ended March 31, 1997,
              three months ended March 31, 1996 and
              from inception on June 23, 1994 through
              March 31, 1997

     --    Condensed Statements of Cash Flows-                     3
              Three months ended March 31, 1997, three
              months ended March 31, 1996 and from
              inception on June 23, 1994 through
              March 31, 1997

     --    Notes to Condensed Financial Statements                 5

     --    ITEM 2 MANAGEMENT'S PLAN OF OPERATIONS                   8

PART 2     OTHER INFORMATION

     --    Item 1   Legal Proceedings                              9
     --    Item 2   Changes in Securities                          9
     --    Item 3   Defaults upon Senior Securities                9
     --    Item 4   Submission of Matters to a vote of             9
                    Security Holders
     --    Item 5   Other Information                              9
     --    Item 6   Exhibits and Reports on Form 8-K              10

SIGNATURES                                                        11


<PAGE>



PART I     FINANCIAL INFORMATION

                            HLS (USA), INC.
                     (A Development Stage Company)

                       CONDENSED BALANCE SHEETS
                              (Unaudited)


                                        March 31,           December 31,
                                          1997                  1996
                                      -----------          --------------
CURRENT ASSETS:
   Cash in bank                       $     5,099              $    259
   Note Receivable - related party          1,375              $  1,344
                                      -----------              --------

        Total Current Assets          $     6,474              $  1,603
                                      -----------              --------

PROPERTY AND EQUIPMENT, net           $    36,901                38,690
                                      -----------              --------

OTHER ASSETS:
   Organization costs, net                    142                   157
                                      -----------              --------

        Total Other Assets            $       142                   157
                                      -----------              --------
                                      $    43,517              $ 40,450
                                      -----------              --------

            LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


CURRENT LIABILITIES:
   Accounts from shareholder          $      315              $    315
   Accounts payable                        3,521                   592
   Notes payable                           5,013                     -
                                      ----------              --------

        Total Current Liabilities          8,849                   907
                                      ----------              --------

STOCKHOLDERS' EQUITY (DEFICIT):
   Common stock ($.001 par value,
     50,000,000 shares authorized,
     200,000 shares issued and
     outstanding)                            200                   200
   Capital in excess of par value         97,796                97,796
   Deficit accumulated during the
     developmental stage              $  (63,328)              (58,453)
                                                            ----------

        Total Stockholders' Equity
          (Deficit)                       34,668                39,543
                                      ----------            ----------
                                      $   43,517            $   40,450
                                      ----------            ----------

         NOTE:  The balance sheet at December 31, 1996 was taken from
                the audited financial statements at that date and
                condensed.

The accompanying notes are an integral part of these financial statements.


<PAGE>



                            HLS (USA), INC.
                     (A Development Stage Company)
                              (Unaudited)


                  CONDENSED STATEMENTS OF OPERATIONS


                                                              Cumulative from
                             For the Three    For the Three    June 23, 1994
                             Months Ended     Months Ended         through
                             March 31, 1997   March 31, 1996   March 31, 1997
                             --------------   --------------   ---------------

REVENUE:
   Sales                             $              $  1,920       $  18,035
                                     ------         --------       ---------

EXPENSES:
   General and administrative         3,013            2,158          29,692
   Payroll and related expenses           -            8,891          28,115
   Depreciation & amortization        1,764            2,434          11,255
   Operating expense                    115            1,195          12,872
                                     ------         --------       ---------

        Total Expenses                4,892           14,768          81,934
                                     ------         --------       ---------

OPERATING INCOME (LOSS)              (4,892)         (12,848)        (63,899)

OTHER INCOME (LOSS):
   Interest income                       31              574           1,409
   Interest expense                     (14)            (158)           (838)
                                     ------         --------         -------

        Total Other Income (Expense)     17              416             571
                                     ------         --------         -------

GAIN (LOSS) BEFORE INCOME TAXES      (4,875)         (12,432)        (63,328)

CURRENT TAX EXPENSE                       -                -               -

DEFERRED TAX EXPENSE                      -                -               -
                                     ------          -------         -------

NET INCOME (LOSS)                 $  (4,875)      $  (12,432)     $  (63,328)
                                  ==========      ===========     ===========


INCOME (LOSS) PER COMMON SHARE        $(.00)           $(.06)          $(.41)
                                  ==========      ===========     ===========



 The accompanying notes are an integral part of these financial statements.


<PAGE>



                            HLS (USA), INC.
                     (A Development Stage Company)
                              (Unaudited)


                  CONDENSED STATEMENTS OF CASH FLOWS


                                                                   Cumulative
                                                                 from June 23,
                                 For the Three    For the Three  1994 through
                                  Months Ended     Months Ended    March 31,
                                 March 31, 1997   March 31, 1996      1997
                                 --------------   -------------- -------------

Cash Flows from Operating
  Activities:
   Net income (loss)                 $  (4,875)      $  (12,432)   $  (63,328)
   Adjustments to reconcile net
     loss to net cash used by
     operating activities:
     Depreciation & amortization
       expense                           1,804            2,403        11,455
     Changes in assets and
       liabilities:
        Decrease in accounts
           receivable                        -            3,120             -
        Accounts payable                 2,929             (197)        3,521
        Accrued expenses                     -              342             -
                                        -------        ---------    ----------
          Net cash (used) by operating
            activities                    (142)          (6,764)      (48,352)
                                        -------        ---------    ----------

Cash Flows from Investing Activities:
   Purchase of certificates of deposit        -            (573)            -
   Purchase of property and equipment         -          (5,900)      (48,183)
   Decrease (increase) in notes
     receivable                             (31)         (1,250)       (1,375)
                                         ------        ---------    ----------

          Net cash (used) by investing
            activities                      (31)         (7,723)      (49,558)
                                         ------        ---------    ----------

Cash Flows from Financing Activities:
   Proceeds from common stock
      issuance                                 -              -       110,000
   Stock offering costs                        -              -       (12,004)
   Increase (decrease) in note payable     5,013              -         5,013
   Increase (decrease) in long-term debt       -              -             -
                                           -----           ----          ----

          Net cash provided by
            financing activities           5,013              -       103,009
                                          ------           ----    ----------

Net Increase (Decrease) in Cash            4,840        (14,487)        5,099

Cash at Beginning of Period                  259         27,307             -
                                          ------      ---------          ----

Cash at End of Period                   $  5,099      $  12,820      $  5,099
                                        --------      ---------      --------



                              (continued)


<PAGE>


                            HLS (USA), Inc.
                     (A Development Stage Company)


                                                                  Cumulative
                                                                 from June 23,
                                 For the Three   For the Three   1994 through
                                 March 31, 1997  March 31, 1996      1997
                                 --------------  --------------  -------------


Supplemental Disclosures of
Cash Flow Information:
   Cash paid during the period
     for:
      Interest                            $  -             $  -         $  823
      Income taxes                        $  -             $  -         $    -


Supplemental Schedule of Noncash Investing and Financing Activities:
      For the three months ended March 31, 1997 (Unaudited):
           None

      For the three months ended March 31, 1996:
           None


 The accompanying notes are an integral part of these financial statements.


<PAGE>


                            HLS (USA), Inc.
                     (A Development Stage Company)

                NOTES TO CONDENSED FINANCIAL STATEMENTS


NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING  POLICIES

          Organization  - The Company was organized  under the laws of
          the State of Nevada on June 23, 1994.  As of March 31, 1997,
          the Company had not commenced planned principal  operations.
          The Company is  considered a  development  stage  company as
          defined in SFAS No. 7. See Note 6. The  Company  has, at the
          present time,  not paid any dividends and any dividends that
          may be paid in the future  will  depend  upon the  financial
          requirements of the Company and other relevant factors.

          Condensed Financial Statements - The accompanying  financial
          statements  have been prepared by the Company without audit.
          In the opinion of management, all adjustments (which include
          only  normal  recurring  adjustments)  necessary  to present
          fairly the financial  position,  results of  operations  and
          cash  flows  at  March  31,  1997  and for  all the  periods
          presented have been made.

          Certain  information  and  footnote   disclosures   normally
          included in financial statements prepared in accordance with
          generally accepted accounting principles have been condensed
          or omitted.  It is suggested that these condensed  financial
          statements  be  read  in  conjunction   with  the  financial
          statements  and  notes  thereto  included  in the  Company's
          December 31, 1996 audited financial statements.  The results
          of  operations  for the period  ended March 31, 1997 are not
          necessarily indicative of results for the full year.

          Accounting   Estimates  -  The   preparation   of  financial
          statements in conformity with generally accepted  accounting
          principles   requires   management  to  make  estimates  and
          assumptions  that affect the reported  amounts of assets and
          liabilities,   the  disclosures  of  contingent  assets  and
          liabilities at the date of the financial  statements and the
          reported amount of revenues and expenses during the reported
          period. Actual results could differ from those estimated.

NOTE 2 -  NOTE RECEIVABLE--RELATED PARTY

          During the year ended  December 31, 1996, the Company made a
          loan to an officer  of the  Company in the amount of $1,250.
          The  note  receivable  earns  interest  at 10% and is due on
          demand.  Interest of $125 and $94 has been  accrued at March
          31, 1997 and December 31, 1996, respectively.


<PAGE>


                            HLS (USA), Inc.
                     (A Development Stage Company)

NOTE 3 -  PROPERTY AND EQUIPMENT

          The  following  is a summary of property and  equipment,  at
          cost, less accumulated depreciation:


                                            March 31,
                                              1997          December 31,
                                           (Unaudited)          1996
                                           -----------      ------------
            Office equipment               $    4,883       $    4,883
            Trucks and trailers                42,500           42,500
            Tools                                 801              801
                                           ----------           ------
                                               48,184           48,184
            Less accumulated 
              depreciation                    (11,283)          (9,494)
                                           ----------           ------
                                           $   36,901       $   38,690

          Depreciation  expense for the  periods  ended March 31, 1997
          and December 31, 1996 was $1,789 and $6,695, respectively.

NOTE 4 -  NOTE PAYABLE

          On March 19, 1997,  the Company  entered into a note payable
          in the amount of $5,000. The note matures in ninety days and
          bears interest at 10%. The Company has recorded  interest in
          the amount of $13 for the three months ended March 31, 1997.
          The note was subsequently repaid in full on April 21, 1997.

NOTE 5 -  COMMON STOCK

          During June,  1994,  the Company  issued  100,000  shares of
          common stock to its initial stockholders. The sales price of
          $.10 per share was  arbitrarily  determined  by the Company.
          Total proceeds of the issuance were $10,000.


          During  August,  1995,  the Company issued 100,000 shares of
          common stock in a public offering at $1.00 per share.  Total
          proceeds  of  the  offering  amounted  to  $100,000.   Stock
          offering  costs of $12,004  were offset  against  capital in
          excess of par value.

          Stock Option Plan - In January, 1995, the board of directors
          of the Company  adopted  and the  stockholders  approved,  a
          stock  option  plan.  The plan  provides for the granting of
          awards of up to 750,000  shares of common stock to officers,
          directors, consultants and employees. The awards can consist
          of stock options,  restricted  stock awards,  deferred stock
          awards,  stock  appreciation  rights  and other  stock-based
          awards as described in the plan.  Awards under the plan will
          be granted as determined by the board of directors. To date,
          no awards have been granted under the plan.

NOTE 6 -  INCOME TAXES

          The Company  accounts  for income taxes in  accordance  with
          Statement  of  Financial   Accounting   Standards   No.  109
          "Accounting for Income Taxes." FASB 109 requires the Company
          to provide a net deferred tax asset/liability


<PAGE>


                            HLS (USA), Inc.
                     (A Development Stage Company)

          equal  to  the  expected  future  tax   benefit/expense   of
          temporary reporting differences between book and tax and any
          available  operating loss or tax credit carry  forwards.  At
          March 31, 1997, the Company has available  unused  operating
          loss  carryforwards of approximately  $63,000,  which may be
          applied  against future taxable income and which will expire
          in the years 2009 through  2011.  The amount of and ultimate
          realization   of  the  benefits  from  the  operating   loss
          carryforwards for income tax purposes is dependent, in part,
          upon the tax laws in  effect,  the  future  earnings  of the
          Company,  and other  future  events,  the  effects  of which
          cannot be determined. Because of the uncertainty surrounding
          the realization of the loss  carryforwards,  the Company has
          established a valuation allowance equal to the tax effect of
          the loss carryforwards and, therefore, no deferred tax asset
          has been recognized for the loss  carryforwards.  The change
          in the valuation allowance is equal to the tax effect of the
          current period's net loss.

NOTE 7 -  RELATED PARTY TRANSACTIONS

          Management Compensation - During the quarter ended March 31,
          1997, no compensation was paid to any officer or director.

          Advance  from   Shareholder  -  During  September  1994,  an
          officer/shareholder  of the  Company  advanced  $315  to the
          Company  on  a  non-interest  basis  to  cover  organization
          expenses.    The   amount    was   still    owing   to   the
          officer/stockholder  at  December  31,  1996,  and March 31,
          1997.

          Office  Space - The  Company  has not  had a need  for  rent
          office  space.  An officer of the  Company is  allowing  the
          Company to use his address,  as needed, at no expense to the
          Company.

          Note Receivable - During 1996, the Company made a loan to an
          officer of the  Company  in the  amount of $1,250.  The loan
          bears interest at 10% per annum. See Note 2.

NOTE 8 -  Subsequent Events

          See Part II, Item 5.


<PAGE>



PART 1    FINANCIAL INFORMATION

  ITEM 2  Management's Plan of Operations.

          The  following  discussion  and  analysis  should be read in
          conjunction with the Company's financial  statements and the
          notes  associated  with  them  contained  elsewhere  in this
          report.

          Results of Operations.

               Fiscal  Year.  During  1996,  the Company  continued to
          engage  in  limited  trucking  operations,   from  which  it
          generated  a loss  of  $(43,584).  Operations  were  limited
          during this period due to the fact that management's  intent
          to acquire combines to commence full scale grain cutting and
          harvesting   operations   during  the  1996  harvest  season
          suffered  a  serious  setback  due to the  fact  that  Cleon
          Edwards,   the  chief  operating  officer  of  the  Company,
          suffered  a  heart  attack  requiring  hospitalization,  and
          decided to resign as an officer of the  Company.  Therefore,
          the remaining member of management decided not to attempt to
          conduct the grain cutting  operations,  and  acquisition  of
          combines and other  equipment for such  operations was again
          deferred.  In addition  management  decided to actively seek
          and pursue other  potential  business  acquisitions or other
          opportunities which the Company might become involved in.

               Interim Period. During the three months ended March 31,
          1997, the Company  conducted very limited  operations,  from
          which it  generated  no revenues.  Expenses  totaled  $4,892
          during the period, resulting in a net loss of $4,892.

          Liquidity and Capital Resources.

               The Company was incorporated on June 23, 1994. Although
          the Company was  incorporated  in 1994, it was inactive from
          inception  and had no operations  until after  completion of
          its public  offering in August of 1995. In  connection  with
          the  organization  of the Company,  in 1994 the officers and
          directors  of  the  Company   contributed  $10,000  cash  to
          initially  capitalize  the Company in  exchange  for 100,000
          shares  of  common   stock.   The   Company   then  filed  a
          registration  statement  with the  Securities  and  Exchange
          Commission  which was  declared  effective  March 15,  1995.
          Commencing  on such  date,  the  Company  offered  and  sold
          100,000  shares of common stock and raised gross proceeds of
          $100,000.  Net proceeds  after  offering  costs  amounted to
          $87,996.   These   proceeds   were   used   to   acquire   a
          semi-trailer/tractor  unit and other  assets  related to the
          Company's business operations.  As of December 31, 1996, the
          Company  had total  assets of $40,450  consisting  mostly of
          property  and  equipment  acquired  in  connection  with its
          business  operations.  The  Company  has no other  assets or
          commitments  with  respect  to sources  of  capital,  and is
          totally  dependent upon these assets to provide  funding for
          the Company  until such time that the  Company can  generate
          sufficient revenues from existing operations.

               During the first quarter of 1996, the Company continued
          to seek potential  business  acquisitions  or other business
          opportunities   which  do  not  have   significant   capital
          requirements  and could be acquired or entered  into through
          the  issuance  of  additional  securities  of the Company or
          otherwise  without  cash  capital,   to  provide  additional
          capital and revenues to the Company. See Part II, Item 5.


<PAGE>



PART 2    OTHER INFORMATION


          ITEM 1   Legal Proceedings

                   None

          ITEM 2   Changes in Securities

                   None

          ITEM 3   Defaults on Senior Securities

                   None

          ITEM 4   Submission of Matters to a Vote of Security Holders

                   None

          ITEM 5   Other Information

               On April 22,  1997,  the  stockholders  of the  Company
          approved  certain  amendments to the  Company's  articles of
          incorporation,  including (i) changing the Company's name to
          HLS (USA), Inc. and (ii) changing the authorized  capital of
          the Company to consist of 60,000,000 shares of common stock,
          par value $0.001 per share,  consisting of 30,000,000 shares
          of  Class A  Common  Stock  ("Class  A  Common  Stock")  and
          30,000,000  shares of Class B Common Stock  ("Class B Common
          Stock").  The Class A Common  Stock is  entitled to one vote
          per share and the Class B Common  Stock is  entitled  to ten
          votes per share.  The Class B Common  Stock does not vote on
          the election of directors.

               On May 2,  1997,  the  Company  purchased  100%  of the
          common  shares of HLS  Corporation  Limited,  a  corporation
          organized under the laws of Bermuda ("HLS"), from Hong Leong
          Strategic  Holdings Limited,  a corporation  organized under
          the laws of Bermuda ("HLSHL"),  pursuant to a Stock Purchase
          Agreement  dated as of April  30,  1997,  among  HLSHL,  the
          Company,  McKinley  Capital,  Inc., Ken Edwards and David N.
          Nemelka.  HLS  is  now a  wholly  owned  subsidiary  of  the
          Company. The purchase price was paid through the issuance to
          HLSHL  of  590,000  shares  of  Class  A  Common  Stock  and
          29,010,000  shares of Class B Common  Stock.  In  connection
          with the foregoing transaction,  Ken Edwards,  President and
          Secretary  and a director of the Company,  resigned from his
          positions  with the  Company  and Peter C. R. Huang and Kwek
          Leng Peck,  designees of HLSHL, were appointed  directors of
          the Company. Messrs. Huang and Kwek constitute the Company's
          entire board of directors.

               As a result of the foregoing,  HLSHL  beneficially owns
          approximately  59.6% of the issued and  outstanding  Class A
          Common Stock and 100% of the issued and outstanding  Class B
          Common Stock, which together represent  approximately  99.6%
          of the voting power of the Company's common stock.

               In connection with the above purchase of HLS the former
          president  of the Company  received  the net assets from the
          grain cutting and hauling business, with a fair market value
          of approximately  $23,000. The transaction will be accounted
          for as a bonus to the former  president.  The  Company  will
          discontinue its grain cutting activities.


<PAGE>



               The foregoing  transactions were disclosed in a Current
          Report on Form 8-K filed with the  Securities  and  Exchange
          Commission on May 5, 1997.


               On May 13, 1997, the board of directors of the Company
          adopted  a  resolution  proposing  the  dissolution  of  the
          Company  and  authorized  the  Company's  officers  to  seek
          stockholder approval of the proposed dissolution.  Following
          stockholder  approval,  if granted,  the Company  expects to
          wind  up  its   affairs   and   distribute   its  assets  to
          stockholders in accordance with Nevada law.




           ITEM 6   Exhibits and Reports on Form 8-K

                      (a)  Exhibits

                           None

                      (b)  Reports on Form 8-K

                           None


<PAGE>


                              SIGNATURES

Pursuant to the  requirements of the Securities  Exchange Act of 1934,
the  registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.




HLS (USA), Inc.


/s/ Peter C. R. Huang                          Dated: May 14, 1997
-------------------------
Name:   Peter C. R. Huang
Title:  President
        (Principal Executive Officer)