<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: March 31, 2003


             [ ] 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.,
                         -------------------------------
                 (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 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 May 13, 2003, 63,688,874 shares of common stock were outstanding.

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

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                              INDEX TO FORM 10-QSB
                                 MARCH 31, 2003


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

Item 1.   Financial Statements

          Balance Sheet - March 31, 2003 (unaudited).......................... 1

          Statements of Operations - Three Months Ended March 31, 2003
             (unaudited) and 2002 (unaudited) and for the Period of Inception,
             January 1, 1995 through March 31, 2003........................... 2

          Statements of Cash Flows - Three Months Ended March 31, 2003
             (unaudited) and 2002 (unaudited) and for the Period of Inception,
             January 1, 1995 through March 31, 2003........................... 3

          Notes to Financial Statements (unaudited)........................... 5

Item 2.   Management's Discussion and Analysis of
          Financial Condition and Results of Operations.......................14

Item 3.   Controls and Procedures.............................................18



PART II
-------

Item 1.   Legal Proceedings...................................................19

Item 2.   Changes In Securities...............................................19

Item 3.   Defaults Upon Senior Securities.....................................19

Item 4.   Submission of Matters to a Vote of Security Holders.................19

Item 5.   Other Information...................................................19

Item 6.   Exhibits and Reports on Form 8-K....................................19

          Signatures..........................................................20

          Certifications......................................................21

<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                                  BALANCE SHEET
                                   (UNAUDITED)
                              AS OF MARCH 31, 2003


                                     ASSETS

Cash                                                               $      6,679
Prepaid expenses                                                          3,196
                                                                   -------------
      Total current assets                                                9,875

Property and equipment, net of accumulated depreciation
      of $111,901                                                         3,544
Patents, net of accumulated amortization of $14,310                      16,287
Other assets                                                              4,800
                                                                   -------------
      Total assets                                                 $     34,506
                                                                   =============

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

Accounts payable                                                   $    356,941
Accrued expenses                                                          5,600
Current portion of notes payable to officers                            120,923
                                                                   -------------
      Total current liabilities                                         483,464

Accrued interest to related parties                                     302,712
Notes payable to related parties                                        487,841
Accrued officers and directors compensation                           1,665,241
                                                                   -------------
      Total liabilities                                               2,939,258

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 share authorized;
      61,285,852 issued and outstanding                                  61,286
Additional paid-in-capital                                           14,573,057
Accumulated deficit                                                 (17,539,095)
                                                                   -------------

      Total stockholders' deficit                                    (2,904,752)

      Total liabilities and stockholders' deficit                  $     34,506
                                                                   =============


              See accompanying notes to these financial statements.

                                       1
<PAGE>
<TABLE>

                                        TECHNOLOGY VISIONS GROUP, INC.
                                         (A DEVELOPMENT-STAGE COMPANY)
                                           STATEMENTS OF OPERATIONS
                                                  (UNAUDITED)
<CAPTION>
                                                                                      For the period
                                                                                       of Inception,
                                                                                      from January 1,
                                                   For the Three Months Ended          1995 through
                                                            March 31,                    March 31,
                                                      2003               2002              2003
                                                 -------------      -------------      -------------
<S>                                              <C>                <C>                <C>
Revenues                                         $         --       $         --       $         --

Costs and expenses:
      Research and development                             --             30,000            685,507
      General and administrative expenses             149,709            147,841          6,601,121
      Compensatory element of stock options            15,200                 --          2,273,860
      Loss from litigation settlement, net                 --                 --            476,350
      Impairment of fixed assets                           --                 --            223,064
                                                 -------------      -------------      -------------
Operating loss                                       (164,909)          (177,841)       (10,259,902)

Other income and (expenses):
      Interest income                                       9                342              1,177
      Gain from reduction in debt                          --             15,950          1,298,272
      Interest expense                                (23,168)           (32,728)        (1,755,248)
      Other income                                         --                 --            717,139
      Impairment of patent                                 --                 --            (40,540)
      Financing costs                                      --                 --           (383,600)
      Debt conversion expense                              --                 --           (155,343)
                                                 -------------      -------------      -------------
Net loss                                         $   (188,068)      $   (194,277)       (10,578,045)


Basic and dilutive net loss per share            $      (0.00)      $      (0.00)
                                                 =============      =============

Weighted average number
      of shares outstanding                        61,019,185         51,412,355


                             See accompanying notes to these financial statements.
</TABLE>

                                                      2
<PAGE>
<TABLE>

                                             TECHNOLOGY VISIONS GROUP, INC.
                                              (A DEVELOPMENT-STAGE COMPANY)
                                                STATEMENTS OF CASH FLOWS
                                                      (UNAUDITED)
<CAPTION>

                                                                                                    For the period
                                                                                                     of Inception,
                                                                                                     from January 1,
                                                                     For the Three Months            1995 through
                                                                       Ended March 31,                 March 31,
                                                                   2003               2002               2003
                                                               -------------      -------------      -------------
<S>                                                            <C>                <C>                <C>
 Cash flows from operating activities:
      Net loss                                                 $   (188,068)      $   (194,277)      $(10,578,045)
      Adjustments to reconcile net loss to net cash
          Used in operating activities:
      Depreciation and amortization                                   1,077                727            153,341
      Amortization of deferred finance costs                             --                 --            851,350
      Gain from reduction of debt                                        --            (15,950)        (1,373,643)
      Common stock issued for services rendered                      27,000              7,000            229,620
      Common stock issued for licensing agreement                        --             30,000             30,000
      Compensatory element of common stock and options               15,200                 --          2,948,860
      Impairment of patent                                               --                 --             40,540
      Impairment of fixed assets                                         --                 --            223,064
      Write-off shareholder loans                                        --                 --           (200,466)
      Loss on litigation settlement                                      --                 --            526,350
      Loss on disposal of fixed assets                                   --                 --              4,377
      Notes issued in settlement of consulting fees                      --                 --            274,250
      Debt conversion expense                                            --                 --            155,343
      Changes in operating assets and liabilities:
          Decrease (increase) in accounts receivable                     --            150,427                 --
          Decrease (increase) in prepaid expenses                      (941)            (2,323)            21,274
          (Increase) in deposits                                         --                 --             (3,412)
          Increase (decrease) in accounts payable and
              accrued expenses                                       74,174             22,972          3,282,805
          (Decrease) in due to shareholders                              --                 --            (16,234)
                                                               -------------      -------------      -------------
      Net cash used in operating activities                         (71,558)            (1,424)        (3,430,626)
CASH FLOWS FROM INVESTING ACTIVITIES:
      Purchases of fixed assets                                          --                 --           (245,845)
      Costs of licenses and patents                                      --                 --            (54,550)
                                                               -------------      -------------      -------------
      Net cash used in investing activities                              --                 --           (300,395)
CASH FLOWS FROM FINANCING ACTIVITIES:
      Proceeds from sale of common stock                                 --            120,500            781,743
      Proceeds from issuance of convertible debenture                    --                 --            375,000
      Payments on debenture notes                                        --                 --           (110,000)
      Notes payable, net                                             49,923             (5,000)         2,843,083
      Deferred finance charges                                           --                 --           (175,350)
      Proceeds from exercise of stock options                            --                 --              3,000
      Repayment of notes receivable from stockholders                    --                 --              6,360
                                                               -------------      -------------      -------------
      Net cash provided by (used in) financing activities            49,923            115,500          3,723,836
NET INCREASE (DECREASE) IN CASH                                     (21,635)           114,076             (7,185)
CASH AT BEGINNING OF PERIOD                                          28,314             62,972             13,864
                                                               -------------      -------------      -------------
CASH AT END OF PERIOD                                          $      6,679       $    177,048       $      6,679
                                                               =============      =============      =============

SUPPLEMENTAL DISCLOSURES:
      Cash paid during the period for:
          Interest                                             $        122       $        159       $      8,024
                                                               =============      =============      =============
          Taxes                                                $        857       $         --       $      6,676
                                                               =============      =============      =============


                                  See accompanying notes to these financial statements.
</TABLE>
                                                           3
<PAGE>
<TABLE>
                                        TECHNOLOGY VISIONS GROUP, INC.
                                         (A DEVELOPMENT-STAGE COMPANY)
                                     STATEMENTS OF CASH FLOWS - Continued
                                                  (UNAUDITED)
<CAPTION>

                                                                                          Inception,
                                                                                        from January 1,
                                                            For the Three Months         1995 through
                                                               Ended March 31,             March 31,
                                                            2003           2002              2003
                                                         ------------    ------------    ------------
<S>                                                      <C>             <C>              <C>
Non-cash Financing Activities:
Value of shares issued in connection
    with compensatory obligations                        $       --      $   150,000      $  919,400
                                                         ===========     ============     ===========
Value of stock issued for
    conversion of notes payable                          $       --      $        --       2,054,653
                                                         ===========     ============     ===========
Accrued interest converted to common stock               $       --      $    13,650      $   53,473
                                                         ===========     ============     ===========
Value of shares paid to satisfy accounts payable         $       --      $    19,500      $   78,038
                                                         ===========     ============     ===========
Assets acquired through a capital lease                  $       --      $        --      $    7,126
                                                         ===========     ============     ===========
Value of shares issued for consulting services           $   27,000      $     7,000      $  582,910
                                                         ===========     ============     ===========
Value assigned to stock options issued for services      $   15,200      $        --      $   87,050
                                                         ===========     ============     ===========
Value of stock issued for licensing agreement            $       --      $    30,000      $   30,000
                                                         ===========     ============     ===========
Value of shares issued for settlement
    of convertible promissory  notes                     $       --      $        --      $  534,235
                                                         ===========     ============     ===========
Value of shares issued for settlement of litigation      $       --      $        --      $   51,250
                                                         ===========     ============     ===========
Value of stock issued in exchange for
    note receivable                                      $       --      $        --      $   17,294
                                                         ===========     ============     ===========
Value of shares issued to satisfy accrued expenses       $       --      $        --      $   53,500
                                                         ===========     ============     ===========
Value of shares issued as additional
    consideration for loan                               $       --      $        --      $   42,750
                                                         ===========     ============     ===========
Reduction of notes payable and accrued
    interest due to litigation                           $       --      $        --      $   60,000
                                                         ===========     ============     ===========
Satisfaction of notes receivable in
    exchange for services                                $       --      $        --      $    8,334
                                                         ===========     ============     ===========

                             See accompanying notes to these financial statements.
</TABLE>
                                                      4
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (Unaudited)


NOTE 1 - BUSINESS AND CONTINUED OPERATIONS

Technology Visions Group, Inc. (the "Company") was incorporated in the State of
Delaware on April 29, 1985. In March 1995, the management resigned and new
management commenced a new direction of the Company. For financial reporting
purposes, inception is defined as January 1, 1995. Prior to December 22, 2000,
the Company's 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

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

The interim financial data as of March 31, 2003, and for the three months ended
March 31, 2003 and 2002, is unaudited; however, in the opinion of management,
the interim data includes all adjustments, consisting only of normal recurring
adjustments, necessary to present fairly the Company's financial position as of
March 31, 2003, and the results of its operations and cash flows for the three
months ended March 31, 2003 and 2002. These results are not necessarily
indicative of the results expected for the year ending December 31, 2003. 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 on Form 10-KSB for the year ended
December 31, 2002.

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. Prior to inception, the Company
had losses accumulating to $6,961,050. The Company, since inception has suffered
losses accumulating to $10,389,977 through December 31, 2002. For the year ended
December 31, 2002 and for the three months ended March 31, 2003, the Company
incurred net losses of approximately $641,383 and $188,068, respectively, and as
of March 31, 2003, had a stockholders' deficit and a working capital deficit of
approximately $2,904,752 and $473,589, respectively. The Company is in arrears
with certain of its payables and accrued liabilities. The Company requires
additional funds to continue research and development efforts and to 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 capital sufficient to fund
its working capital requirements or to convert debts into common stock during
the next twelve months. The Company is exploring ways to reduce its existing
liabilities, including exchanging certain of its liabilities for shares of its
common stock.

                                       5
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (Unaudited)


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.

Development-Stage Company
-------------------------

The Company is considered a development-stage company, with no operating
revenues from the license of commercially viable technologies during the periods
presented, as defined by Statement of Financial Accounting Standards ("SFAS")
No. 7. SFAS No. 7 requires companies to report their operations, shareholders
deficit and cash flows since inception through the date that revenues are
generated from management's intended operations, among other things. Management
has defined inception as January 1, 1995, near the date management control was
obtained. Since inception, the Company has incurred operating losses totaling
$10.6 million, much of which relates to stock-based compensation to officers,
directors and consultants as a means to preserve working capital. The Company's
working capital has been generated through the sales of common stock and debt.
In addition, significant research and development costs to develop technologies
have been expended since inception. Management has provided financial data since
January 1, 1995 "Inception" in the financial statements, as a means to provide
readers of the Company's financial information to make informed investment
decisions.

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.

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 March 31, 2003 consist of the following:

                                       6
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (Unaudited)


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

Notes payable to related parties                                10,465,297
Options to purchase common stock                                   800,000
Accrued officers' and directors' compensation                   17,866,320
                                                           ----------------
       Total incremental shares at March 31, 2003               29,131,617
                                                           ================

Equipment and Fixtures
----------------------

Equipment and fixtures are recorded at cost. Depreciation is provided using
accelerated and straight-line methods over the estimated useful lives of the
related assets as follows:

                           Description                                 Years
                           -----------                                 -----

                           Furniture and fixtures                         7
                           Computer hardware and software               3-5


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

In March 2003, the FASB issued SFAS No. 148, "Accounting for Stock-Based
Compensation - Transition and Disclosure." This Statement amends SFAS No. 123,
"Accounting for Stock-Based Compensation," to provide alternative methods of
transition for a voluntary change to the fair value based method of accounting
for stock-based employee compensation. In addition, SFAS No. 148 amends the
disclosure requirements of SFAS No. 123 to require prominent disclosures in both
annual and interim financial statements about the method of accounting for
stock-based employee compensation and the effect of the method used on reported
results. The Company does not expect to adopt SFAS No. 123, and therefore, adopt
the guidance of SFAS No. 148.

Stock Based Compensation
------------------------

The Company has elected to follow Accounting Principle Board Opinion No. 25,
Accounting for Stock Issued to Employees ("APB 25"), and related interpretations
in accounting for its employee stock options because the alternative fair value
accounting provided under FASB Statement No. 123, Accounting for Stock-Based
Compensation, ("SFAS 123") requires the use of option valuation models that were
not developed for use in valuing employee stock options. As permitted, the
Company adopted the disclosure alternative of SFAS 123 and SFAS 148, which
require pro forma disclosure of net income and earnings per share as if the fair
value method of accounting had been applied. Since the Company has no
significant stock options outstanding, the pro forma financial data is not
meaningful.

Under APB 25, when the exercise price of the Company's stock options equals or
exceeds the fair value of the underlying stock on the date of grant, no
compensation expense is recorded.

                                       7
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (Unaudited)


NOTE 3 - NOTES PAYABLE TO RELATED PARTIES

Notes payable to related parties consist of the following at March 31, 2003:

        NOTES                  INTEREST         PRINCIPAL       ACCRUED
                                  RATE           BALANCE       INTEREST
--------------------------------------------------------------------------

Current Portion:
     Officers                      8%          $   120,923     $    3,445

Long Term Portion:
     Officers                      10%             112,341         76,832
     Shareholder                10% - 12%          375,500        222,435
                                               ------------    -----------
        Total                                      487,841        299,267
                                               ------------    -----------
Total Notes Payable                            $   608,764     $  302,712
                                               =============   ===========

During the current quarter, the Company entered into three new agreements with
the officers, whereby the officers loaned $25,000 to the Company at 8% per
annum. In addition, the officers have the right to convert the unpaid principal
and/or accrued interest at the price per share discounted by 20% of the average
bid and ask price five days prior to the date of conversion. These notes mature
between March 11 and March 24, 2004.

On February 21, 2003, two of the officers transferred a total of 135,667 shares
of the Company's common stock privately owned by them to pay the retainer for
legal fees. At the date of the transfer the shares had a market value of $0.11
per share or $14,923. This amount was recorded as an additional loan made by the
officers and applied to prepaid expenses. The officers have the right to convert
the unpaid principal and/or accrued interest at the price per share discounted
by 20% of the average bid and ask price five days prior to the date of
conversion. These notes mature on February 21, 2004.

During 2000, the holders of the long-term notes payable entered into a
standstill agreement with the Company in which they agreed to forebear any
collection of the debts for a period of one year. This agreement has been exted
to September 30, 2004.

In March 2003, the Company entered into a new agreement with a shareholder
whereby the shareholder loaned the Company $10,000. The shareholder has the
right to convert the unpaid principal and/or accrued interest at the price per
share discounted by 20% of the average bid and ask price five days prior to the
date of conversion. This note matures on July 21, 2003.

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 bid price
during three trading days in the last ten trading days prior to the conversion
date.

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 principal into
500,000 shares of common stock. In addition, the Company paid in cash $117,324,
representing $110,000 in principal and $7,324 in interest.

                                       8
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (Unaudited)


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 agreements provide for annual salaries aggregating
$300,000, expire January 1, 2004, and provide for automatic annual renewals. In
addition to the salaries, the agreements grant 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. A total of 200,000 option shares were granted to the officers during the
current quarter and $15,200 was recorded as additional compensation based on the
difference between the market price and the exercise price at the date of grant.

For the three months ended March 31, 2003 and 2002, the expense recorded under
the agreements amounted to $90,200 and $75,000, respectively. In April 2002, the
Board of Directors approved accruing interest on all unpaid salary beginning
with salaries accrued in the year ending December 31, 2001, at 8% per annum and
going forward. Accrued officer's compensation unpaid at March 31, 2003 totaled
$1,619,824, and accrued interest totaled $45,416. The accrued compensation is
convertible into common stock discounted 10% at $0.32 per share for compensation
earned through 2000, and at $0.05 and $0.14 per share in 2001 and 2002,
respectively. During 2000, the officers entered into a standstill agreement with
the Company in which they agreed to forebear any collection of this debt for a
period of one year. This agreement has been extended to September 30, 2004.

NOTE 6 - STOCKHOLDERS' DEFICIT

Common Stock Transactions During the Three Months Ended March 31, 2002
----------------------------------------------------------------------

The Company issued 500,000 registered shares of the Company's common stock and
granted options to purchase 250,000 registered shares of the Company's common
stock under an S-8 filing that are exercisable at $0.15 per share, for legal
fees incurred in 2001 totaling $35,450. The market value of the stock at the
date of issuance was $19,500. Therefore, a gain from the reduction of debt in
the amount of $15,950 was recognized.

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. As of
March 31, 2002, the Company collected $120,500 of these proceeds and the
remaining balance of $30,000 was recorded as a receivable. This receivable was
collected in April 2002.

The Company converted $13,650 of accrued interest on the convertible debentures
into 620,474 shares of common stock.

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

The Company authorized the issuance 1,000,000 shares of common stock as a
consideration for a licensing agreement whereby the Company would acquire an
exclusive license for sale and use of various products from an unrelated third
party. The shares were valued at $30,000 on the date of grant, which was charged
to operations during the three months ended March 31, 2002.

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. At the time of the grant, the shares were valued at
$7,000 and were charged to operations during the three months ended March 31,
2002.

                                       9
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (Unaudited)


Common Stock Transactions During the Three Months Ended March 31, 2003
----------------------------------------------------------------------

In January 2003, the Company granted the officers an option to purchase 100,000
shares of the Company's common stock at an exercise price of $0.05 per share, as
part of their employment agreement. These options were valued at $15,200, and
were charged to officer's compensation during the three months ended March 31,
2003.

The Company entered into an agreement with an unrelated third party to provide
investment funding for the Company (see Note 8). As part of the agreement, the
Company issued 300,000 shares of its common stock for expense reimbursements of
the investor. At the time of the grant, the shares were valued at $27,000 or
$.09 per share, and were charged to operations during the three months ended
March 31, 2003.

NOTE 7 - GAIN FROM REDUCTION OF DEBT

During the quarter ended March 31, 2002, the Company issued 500,000 shares of
common stock to pay legal fees of $35,450 incurred through December 31, 2001.
The market value of the shares at the date of grant was $19,500. Therefore, the
Company recognized the difference of $15,950 as a gain from the reduction of
debt.

NOTE 8 - COMMON STOCK TRANSACTIONS

Ascendiant Agreement

In February 2003, the Company entered into Business and Financial Services
Agreement with Ascendiant Capital Group, LLC ("Ascendiant") for financial and
business advice and consultation, and specifically, to arrange and assist in the
negotiations for a $5 million line of credit. In connection with this agreement,
Ascendiant was paid 375,000 shares of the Company's common stock under Rule 144.
In addition, Ascendiant received an option for 62,500 of the Company's
restricted common stock at an exercise price of $0.10 per share, with a one-year
term, and a cashless exercise provision. The Company valued the options using
the fair value method and will record as a consulting fee in April of $1,956,
based on the Black-Scholes option pricing model using the following assumptions:

         Risk-free interest rate                     3.25%
         Expected life                               1 year
         Expected volatility                         38%
         Dividend yield                              0%

In March 2003, the Company began negotiations with Fusion Capital Fund II, LLC
("Fusion Capital") for the common stock purchase agreement described in Note 9.
As part of this agreement, the Company agreed to pay Fusion $10,000 cash and
issue 300,000 shares of its common stock valued at $27,000 as reimbursement of
Fusion Capital's expenses in connection with the transaction.

NOTE 9 - SUBSEQUENT EVENTS

Fusion Capital Transaction

On April 22, 2003, the Company entered into a common stock purchase agreement
with Fusion Capital pursuant to which Fusion Capital agreed to purchase on each
trading day during the term of the agreement, $10,000 of the Company's common
stock or an aggregate of $6.0 million. The $6.0 million of common stock is to be
purchased over a 30-month period, subject to a six-month extension or earlier
termination at the Company's' discretion. The purchase price of the shares of
common stock will be equal to a price based upon the future market price of the


                                       10
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (Unaudited)


common stock without any fixed discount to the market price. Fusion Capital does
not have the right or the obligation to purchase shares of the Company's common
stock in the event that the price of its common stock is less than $0.05.

The Company has authorized the sale and issuance of 20,000,000 shares of its
common stock to Fusion Capital under the common stock purchase agreement of
which it will register 20,000,000 shares. Management estimates that the maximum
number of shares it will sell to Fusion Capital under the common stock purchase
agreement will be 20,000,000 shares (exclusive of the 1,978,022 shares issued
and 1,978,022 issuable to Fusion Capital as the commitment fee) assuming Fusion
Capital purchases all $6.0 million worth of common stock.

Under the terms of the common stock purchase agreement, Fusion Capital has
received 1,978,022 shares of the Company's common stock as a commitment fee,
valued at $159,000. The value of these shares will be capitalized and charged
against the proceeds received from the sale of the securities. In the event the
sale of these securities is determined unsuccessful, such fees will be charged
to operations. In addition, at such time as Fusion Capital has purchased
$3,000,000 of the Company's common stock under the common stock purchase
agreement, the Company will issue to Fusion Capital an additional 1,978,022
shares of common stock as an additional commitment fee. This commitment fee will
be recorded when the contingencies are removed and the fee is earned. Unless an
event of default occurs, these shares must be held by Fusion Capital until 30
months from the date of the common stock purchase agreement or the date the
common stock purchase agreement is terminated. Under the common stock purchase
agreement, on each trading day Fusion Capital is obligated to purchase a
specified dollar amount of the Company's common stock. Subject to the Company's
right to suspend these purchases at any time, and its right to terminate the
agreement with Fusion Capital at any time, each as described below, Fusion
Capital shall purchase on each trading day during the term of the agreement
$10,000 of the Company's common stock. The Company may decrease this daily
purchase amount at any time. The Company also has the right to increase the
daily purchase amount at any time; provided however, it may not increase the
daily purchase amount above $10,000 unless its stock price is above $.30 per
share for five consecutive trading days. The purchase price per share is equal
to the lesser of:

         o        the lowest sale price of the Company's common stock on the
                  purchase date; or

         o        the average of the three (3) lowest closing sale prices of the
                  Company's common stock during the fifteen (15) consecutive
                  trading days prior to the date of a purchase by Fusion
                  Capital.

The purchase price will be adjusted for any reorganization, recapitalization,
non-cash dividend, stock split, or other similar transaction occurring during
the trading days in which the closing bid price is used to compute the purchase
price. Fusion Capital may not purchase shares of the Company's common stock
under the common stock purchase agreement if Fusion Capital, together with its
affiliates, would beneficially own more than 9.9% of its common stock
outstanding at the time of the purchase by Fusion Capital. However, even though
Fusion Capital may not receive additional shares of the Company's common stock
in the event that the 9.9% limitation is ever reached, Fusion Capital is still
obligated to pay to it $10,000 on each trading day, unless the common stock
purchase agreement is suspended, an event of default occurs or the agreement is
terminated. Under these circumstances, Fusion Capital would have the right to
acquire additional shares in the future should its ownership subsequently become
less than the 9.9%. Fusion Capital has the right at any time to sell any shares
purchased under the common stock purchase agreement which would allow it to
avoid the 9.9% limitation.

The Company has the right to set a minimum purchase price ("floor price") at any
time. Currently, the floor price is $0.10. The Company can increase or decrease
the floor price at any time upon one trading day prior notice to Fusion Capital.
However, the floor price cannot be less than $0.05. Fusion Capital shall not
have the right nor the obligation to purchase any shares of the Company's common
stock in the event that the purchase price is less than the then applicable
floor price.

                                       11
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (Unaudited)


The Company has the right to increase the daily purchase amount as the market
price of its common stock increases. Specifically, for every $0.10 increase in
Threshold Price above $0.20, the company shall have the right to increase the
daily purchase amount by up to an additional $1,000. The Company has the
unconditional right at any time for any reason to give notice to Fusion Capital
terminating the common stock purchase agreement. This notice shall be effective
one trading day after Fusion Capital receives notice.

Generally, Fusion Capital may terminate the common stock purchase agreement
without any liability or payment to the company upon the occurrence of any of
the following events of default:

         o        the effectiveness of the registration statement, lapses for
                  any reason (including, without limitation, the issuance of a
                  stop order) or is unavailable to Fusion Capital for sale of
                  the Company's common stock and such lapse or unavailability
                  continues for a period of ten (10) consecutive trading days or
                  for more than an aggregate of thirty (30) trading days in any
                  365-day period;

         o        suspension by the Company's principal market of its common
                  stock from trading for a period of three consecutive trading
                  days;

         o        the de-listing of the Company's common stock from its
                  principal market provided the Company's common stock is not
                  immediately thereafter trading on the Nasdaq National Market,
                  the Nasdaq National SmallCap Market, the New York Stock
                  Exchange or the American Stock Exchange;

         o        the transfer agent's failure for five trading days to issue to
                  Fusion Capital shares of the Company's common stock which
                  Fusion Capital is entitled to under the common stock purchase
                  agreement;

         o        any material breach of the representations or warranties or
                  covenants contained in the common stock purchase agreement or
                  any related agreements which has or which could have a
                  material adverse affect on the Company's subject to a cure
                  period of ten trading days;

         o        a default by the Company of any payment obligation in excess
                  of $1.0 million; or

         o        any participation or threatened participation in insolvency or
                  bankruptcy proceedings by or against the Company.

The Company filed a registration statement on Form SB-2 to register the
underlying securities on May 15, 2003. There are no assurances that such
registration will become effective allowing the Fusion Capital financing
agreement to commence. After registration of the common stock by the Company
with the SEC, if at all, and upon the ultimate sale of common stock acquired by
Fusion Capital, the price of the Company's stock price could suffer substantial
declines. The Company's stock price declines, if realized, could cause the
financing to be ceased, and cause an adverse impact on the Company's financial
condition, results of operations and cash flows.

                                       12
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (Unaudited)


Other Transactions

In April 2003, the Company entered into an agreement with an unrelated third
party to provide marketing and public relations consulting support. The term of
the agreement is for one year and payable with 100,000 shares of the Company's
common stock. On May 6, 2003, the Company issued the shares to the consultant.

In May 2003, Technology Visions issued 250,000 restricted shares for proceeds of
$10,000. The shares were sold at $0.04 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. The shares were generally sold at a 20% discount to
closing prices based on a five-day average prior to the sale.



                                       13
<PAGE>

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

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

Since 1996, Technology Visions has focused on the development and use of its
polymer-based Polymer Encapsulation Technology ("PET") system as a method for
stabilizing and encapsulating various radioactive and toxic waste materials
leading to a final waste form for disposal. During the past two years,
Technology Visions has introduced GMENT, a specialty grout treatment and
stabilization technology as a method for subsurface waste stabilization.

Technology Visions has completed customer-sponsored contracts for Lockheed
Martin Idaho Technologies Company and Bechtel BWXT, in conjunction with the DOE,
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, treatment and
processing. Technology Visions functions as a subcontractor to Lockheed and/or
Bechtel BWXT and is paid a fixed fee for each contract, which must be completed
within the designated time frame. Technology Visions is responsible for
completing the test and evaluation tasks designated by the contractor. The
contractor then submits a final report with recommendations to the DOE.

In May 1999, Lockheed awarded Technology Visions a test and evaluation contract
to evaluate PET for disposal of actual pilot scale calcine waste. The contract
was subsequently assigned to Bechtel. In September 1999, the contract was
expanded and directed that PET be examined at maximum waste loading scenarios as
a means for transporting high-level calcine wastes out of Idaho to an off-site
melter for final disposition. 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's final
report to the DOE also recommended that a pilot plant demonstration be conducted
to test and evaluate engineering criteria, disposal parameters and product
transportation scenarios. Other recommendations included encapsulation and
mixing studies utilizing actual radioactive materials.

The test results of the Lockheed and Bechtel testing and evaluation contracts
demonstrate PET's potential in encapsulating radioactive waste. The marketing
strategy is to build upon this potential in the government and private sectors
where Technology Visions' system will be used in the containment, treatment and
processing of various radioactive and heavy metal wastes. Technology Visions
plans to develop strategic relationships with prime contractors throughout the
waste management industry.

To commercialize the PET technology and obtain governmental approval for its
use, Technology Visions must complete the additional testing recommended in this
report. Funding for the completion of this work is estimated by the company at
$250,000. It is also estimated that once funding becomes available to begin this
work, it will require 12 to 18 months to complete. Once completed, Technology
Visions intends to market this product for use by the DOE.

Currently, Technology Visions is focused on developing GMENT. GMENT is licensed
exclusively to Technology Visions and is a trademark of Advanced Grout Systems.
Terms of the license allow Technology Visions to manufacture, distribute, market
and sell the product in exchange for a royalty based upon sales volume. The
royalty begins at 10% for gross sales up to $1 million, then declines to 9% for
sales of $1 million to $5 million, 8% for sales of $5 million to $10 million, 7%
for sales of $10 million to $25 million, and 6% for sales exceeding $25 million.
This license expires November 30, 2026. The territorial rights granted to
Technology Visions under the license include the United States of America and
any other countries of the world. 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.

                                       14
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (Unaudited)


In June 2000, Bechtel awarded Technology Visions a contract to manage the
testing and evaluation of in-situ grout candidate materials that were being
considered by INEEL and Bechtel for the treatment of certain subsurface waste
sites at the DOE site in Idaho Falls, Idaho. The contract was a two-year,
three-phase Treatability Study conducted by INEEL and Bechtel. Testing included
Phase I Bench Testing, Phase II Field Implementability Testing, and Phase III
Full-Scale Field Testing.

Phase I Bench Testing included rigorous laboratory testing protocol designed for
choosing three grouts from six candidate grouts for use in Phase II Field
Implementability testing. Data was also gathered during the bench-testing phase
to support final monolith durability estimates and transportion modeling
efforts. Following the laboratory testing, GMENT was chosen as one of three
candidate grout materials to continue to the Phase II Field Implementability
Testing of the Treatability Study.

In April 2001, the Phase II Field Implementability Testing of the contract was
conducted by Applied Geotechnical Engineering and Construction Company, Inc.
("AGEC") at a site located near Richland, Washington. Upon successful completion
of this test phase, GMENT was chosen as the sole grout material selected to be
used in the Phase III Full Scale Cold Test Pit Demonstration Project that was
conducted in October 2001 at the DOE site in Idaho Falls, Idaho. GMENT was
selected based on such factors as basic costs, ease of mixing and cleaning of
the grout, minimized grout returns in creating a triplex column, and formation
of the solid monoliths. Technology Visions, under the exclusive Trademark
License and Technology Licensing Agreement with Advanced Grout Systems, Ltd.,
provided 95 tons of GMENT grouting material for Phase III. Site grouting was
performed by AGEC. Testing results met all criteria established by state and
federal regulatory agencies.

At the conclusion of Phase III, AGEC prepared and submitted to Bechtel a report
estimating the quantity of GMENT grout material to treat the areas under
consideration to be approximately 24 million gallons. If the recommendation
receives approval via a Record of Decision or other authorization after review
by federal and state authorities, Technology Visions could anticipate initiation
of the project and revenues within 12 to 18 months.

The final report prepared for the DOE, Assistant Secretary for Environmental
Management, Volume I, "Final Results Report, In-Situ Grouting Technology for
Application in Buried Transuranic Waste Sites" was published in September 2002,
by INEEL. Volume I summarized the technology and presents results of a two-year,
three-phase treatability study conducted by the INEEL. Volume II was published
in April 2003 and contains the results of analytical calculations on the
long-term durability of monoliths created by in-situ grouting and on the
long-term performance of a treated buried waste site.

Technology Visions believes that the approval of the GMENT material for the
treatment and stabilization of buried low-level mixed waste in select areas of
the Subsurface Disposal Area at the DOE site in Idaho Falls, Idaho, could
provide initial and significant revenues for the company. With the acceptance
and approval of GMENT in Idaho, Technology Visions would aggressively pursue
other waste sites identified in the United States with similar waste problems.
Initial contacts have been made at two other DOE sites, based on the initial
information disclosed in Volume I of the Idaho report, where GMENT may have
end-use application.

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

                                       15
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (Unaudited)


Technology Visions' business model is to obtain long-term supply contracts for
its products with private-company general contractors or other affiliates which
have master contracts with selected waste sites. Revenues, if any, will be
recorded when a contract is effected, the products are delivered, and
collectibility of the receivable is reasonably assured. Technology Visions does
not intend to manufacture its products. We have identified possible outsource
manufacturers with the capability and capacity to produce our products. We
believe that our margins will be between 12% and 15% of revenues, using
outsource manufacturers. The DOE site in Idaho Falls, Idaho, has 14 acres of
low-level solid waste which may be treated by our GMENT product. The estimated
revenue potential for the Idaho site is for 2.4 million gallons, per year, for
ten (10) years or approximately $70 million. Technology Visions has identified
other sites in the United States containing wastes that potentially may be
treated with GMENT; however, current emphasis is on the Idaho Falls site. There
are no assurances that Technology Visions will be selected as a provider of
specialty grout GMENT for the Idaho DOE site project.

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.

                                       16
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (Unaudited)


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 one-hundred percent of the net deferred tax assets.

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

Quarter Ended March 31, 2003 Compared to Quarter Ended March 31, 2002
---------------------------------------------------------------------

Technology Visions has not had any revenues since inception (January 1, 1995)
through December 31, 2002. Accordingly, Technology Visions has, and continues to
be, a development-stage company. With any development-stage company of this
nature, there are inherent risks, which may prohibit Technology Visions from
reaching commercial viability.

Research and development costs were $0 and $30,000 for the quarter ended March
31, 2003 and 2002, respectively. No research projects were underway while
Technology Visions waited for the Volume II of the "Final Results Report, In
Situ Grout Technology for Application in Buried Transuranic Waste Sites," which
was published in April 2003 by INEEL. During the quarter ended March 31, 2002,
Technology Visions purchased an exclusive licensing fee agreement for the sale
and use of various products from Advanced Grout Systems, Ltd., an unrelated
third party, for $30,000. From inception, research and development costs were
$685,507. Technology Visions has recorded these costs as net of reimbursements
from subcontractors.

General and administrative expenses were $149,709 in the current quarter
compared to $147,841 in the comparable period last year. The increase in mainly
due to the compensatory element of the stock options issued to the officers as
part of their employment agreements. Included in these amounts are salaries
accrued for two officers in the amount of $75,000 and $75,000, respectively,
under the terms of their employment contracts. In addition, the compensatory
element of options issued to officers was $15,200 during the current quarter.
From inception, general and administrative expenses were $6,601,121 and the
compensatory element of stock and stock options was $2,273,860.

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 Technology Visions 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.

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

The Company continues to incur operating losses as a result of being a
development-stage company. The Company had cash of approximately $6,679 at March
31, 2003.

For the quarters ended March 31, 2003 and 2002, Technology Visions incurred net
losses of $188,068 and $194,277, respectively. As of March 31, 2003, the Company
had a stockholders' deficiency and a working capital deficiency of approximately
$2,904,752 and $473,589, respectively. Also, the Company is in arrears with
substantially all of its payables. From inception (January 1, 1995), Technology
Visions has incurred net losses of $10,578,045. The report of Technology
Visions' independent certified public accountants on the Company's December 31,
2002 financial statements notes that Technology Visions is 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,
2002 and these conditions raise substantial doubt about Technology Vision's
ability to continue as a going concern.

                                       17
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (Unaudited)


To date, Technology Visions has funded its operations from the private sales of
common stock or notes, most of which have been converted into common stock, and
a self-underwritten public offering of $1,000,000 of common stock under Rule 504
of Regulation D. These sales have been able to fund only minimal operations and
technological developments.

Technology Visions is exploring additional sources of working capital including
borrowing, sales of securities, joint ventures and licensing of technologies.
Management believes that Technology Visions can raise adequate capital to keep
the Company 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. If additional capital is not raised in the next
twelve months, management may have to make personal contributions to the
company, sell off the company's assets or ultimately, liquidate the company.

The Company has no current commitments for capital expenditures or additional
equity or debt financing.

ITEM 3.  CONTROLS AND PROCEDURES

(a) The Chief Executive Officer and the Chief Financial Officer have within 90
days of the filing date of this quarterly report made an evaluation of the
company's disclosure controls and procedures (as defined in Rules 13a-14(c) and
15d-14(c) under the Securities Act of 1934, as amended). In their opinion, the
disclosure controls and procedures are adequate because the systems of controls
and procedures are designed to assure, among other items, that 1) recorded
transactions are valid; 2) valid transactions are recorded; and 3) transactions
are recorded in the proper period in a timely manner to produce financial
statements which present fairly the financial condition, results of operations
and cash flows for the respective periods being presented. Moreover, the
evaluation did not reveal any significant deficiencies or material weaknesses in
Technology Visions' disclosure controls and procedures.

(b) There have been no significant changes in Technology Visions' internal
controls or in other factors that could significantly affect these controls
since the last evaluation.

                                       18
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (Unaudited)


PART II: OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

                           None

ITEM 2.  CHANGES IN SECURITIES

         During the quarter, the Company issued 300,000 shares of common stock
for expense reimbursement of an investor. The shares were valued at $0.09 per
share per share and were 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
                         99.1  Chief Executive Officer Certification
                         99.2  Chief Financial Officer Certification

                (b)      None

                                       19
<PAGE>

                         TECHNOLOGY VISIONS GROUP, INC.
                          (A DEVELOPMENT-STAGE COMPANY)
                           March 31, 2003 (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: May 20, 2003             By: /s/   James B. Lahey
                               -------------------------------------------------
                                         James B. Lahey, Chief Executive Officer
                                         Chairman of the Board of Directors

Date: May 20, 2003             By: /s/  James A. Giansiracusa
                               -------------------------------------------------
                                        James A. Giansiracusa, Secretary
                                        Chief Financial Officer


                                       20
<PAGE>

                                 Certifications
                                 --------------


I, James B. Lahey, Chief Executive Officer certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Technology Visions
Group, Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     a) designed such disclosure controls and procedures to ensure that material
     information relating to the registrant, including its consolidated
     subsidiaries, is made known to us by others within those entities,
     particularly during the period in which this quarterly report is being
     prepared;

     b) evaluated the effectiveness of the registrant's disclosure controls and
     procedures as of a date within 90 days prior to the filing date of this
     quarterly report (the "Evaluation Date"); and

     c) presented in this quarterly report our conclusions about the
     effectiveness of the disclosure controls and procedures based on our
     evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent
functions):

     a) all significant deficiencies in the design or operation of internal
     controls which could adversely affect the registrant's ability to record,
     process, summarize and report financial data and have identified for the
     registrant's auditors any material weaknesses in internal controls; and

     b) any fraud, whether or not material, that involves management or other
     employees who have a significant role in the registrant's internal
     controls; and

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether there were significant changes in internal controls or
in other factors that could significantly affect internal controls subsequent to
the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.

Date: May 20, 2003

/s/James B. Lahey
-----------------
James B. Lahey
Chief Executive Officer

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<PAGE>

I, James A. Giansiracusa, Chief Financial Officer certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Technology Visions
Group, Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     a) designed such disclosure controls and procedures to ensure that material
     information relating to the registrant, including its consolidated
     subsidiaries, is made known to us by others within those entities,
     particularly during the period in which this quarterly report is being
     prepared;

     b) evaluated the effectiveness of the registrant's disclosure controls and
     procedures as of a date within 90 days prior to the filing date of this
     quarterly report (the "Evaluation Date"); and

     c) presented in this quarterly report our conclusions about the
     effectiveness of the disclosure controls and procedures based on our
     evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent
functions):

     a) all significant deficiencies in the design or operation of internal
     controls which could adversely affect the registrant's ability to record,
     process, summarize and report financial data and have identified for the
     registrant's auditors any material weaknesses in internal controls; and

     b) any fraud, whether or not material, that involves management or other
     employees who have a significant role in the registrant's internal
     controls; and

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether there were significant changes in internal controls or
in other factors that could significantly affect internal controls subsequent to
the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.

Date: May 20, 2003

/s/James A. Giansiracusa
------------------------
James A. Giansiracusa
Chief Financial Officer

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