U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB


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


                    For the Quarter Ended September 30, 2003
                          Commission File No. 000-26828


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


                                MORO CORPORATION
             (Exact name of registrant as specified in its charter)


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


               Delaware                              51-0338736
   (State or other jurisdiction of       (I.R.S. Employer Identification No.)
    Incorporation or organization)



                             Bala Pointe, Suite 240
                           111 Presidential Boulevard
                         Bala Cynwyd, Pennsylvania 19004
               (Address of principal executive offices) (zip code)

                                 (610) 667-9050
              (Registrant's telephone number, including area code)



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

          As of  October  31,  2003,  6,250,000  shares  of  common  stock  were
     outstanding.

         Transitional Small Business Disclosure Format (check one)

                                    YES   NO X
                                       ---  ---


<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                MORO CORPORATION

                                      INDEX



Number                                                                  Page(s)
------                                                                  ------
                         PART I - FINANCIAL INFORMATION
                         ------------------------------

ITEM 1.  FINANCIAL STATEMENTS

           Consolidated Balance Sheets as of September 30, 2003
            and December 31, 2002                                         1-2

           Consolidated Statements of Income for the nine months and
            three months ended September 30, 2003 and 2002                  3

           Consolidated Statements of Cash Flows for the nine months
            ended September 30, 2003 and 2002                               4

           Notes to Financial Statements                                  5-11


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
          CONDITION AND RESULTS OF OPERATIONS                            12-15

ITEM 3.  CONTROLS AND PROCEDURES                                            16

                           PART II - OTHER INFORMATION
                           ---------------------------

ITEM 1.  LEGAL PROCEEDINGS                                                  17

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS                          17

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES                                    17

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                17

ITEM 5.  OTHER INFORMATION                                                  17

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K                                   17

         SIGNATURES                                                         17

         CERTIFICATIONS                                                  18-19








<PAGE>

                                MORO CORPORATION
                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>

                                                                      September 30,          December 31,
                                                                           2003                  2002
                                                                       (Unaudited)
                                                                    ------------------   ------------------
                                      ASSETS
CURRENT ASSETS
<S>                                                                          <C>                  <C>
  Cash and Cash Equivalents                                         $          765,352            $ 976,239
  Trade Accounts Receivable, Net                                             2,499,258            1,927,920
  Accounts Receivable on Contracts (Including Retentions)                    2,103,795            2,567,006
  Inventory                                                                    722,477              598,030
  Costs and Estimated Earnings in Excess of Billings
   on Uncompleted Contracts                                                    306,121              732,300
  Other Current Assets                                                          83,420               46,260
                                                                    ------------------   ------------------
          Total Current Assets                                               6,480,423            6,847,755

PROPERTY AND EQUIPMENT, NET                                                  1,194,374            1,157,915

OTHER INTANGIBLE ASSETS, NET                                                    35,516               62,530

OTHER ASSETS                                                                     6,968                5,593

GOODWILL                                                                       385,341              380,863
                                                                    ------------------   ------------------

          Total Assets                                              $        8,102,622   $       8,454,656
                                                                    ==================   ==================
</TABLE>
           See accompanying notes to consolidated financial statements
                                        1

<PAGE>
                                MORO CORPORATION
                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                         September 30,         December 31,
                                                                             2003                 2002
                                                                          (Unaudited)
                                                                     ------------------   ------------------


<S>                                                                  <C>                  <C>

                       LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Line of Credit                                                    $          702,499   $        1,031,625
  Current Portion of Long-Term Debt                                            456,113              409,828
  Trade Accounts Payable                                                     1,934,743            1,188,491
  Amounts Payable Related Party                                                565,764              967,155
  Accrued Expenses                                                             351,804              488,673
  Billings in Excess of Costs and Estimated Earnings
   on Uncompleted Contracts                                                     83,477              610,742
  Income Taxes Payable                                                          60,994              124,282
                                                                    ------------------   ------------------
          Total Current Liabilities                                          4,155,394            4,820,796
                                                                    ------------------   ------------------

LONG-TERM LIABILITIES
  Long-Term Debt                                                               983,422            1,008,542
  Convertible Debentures                                                       650,000              650,000
  Deferred Tax Liability                                                       108,000               67,000
                                                                    ------------------   ------------------
          Total Long-Term Liabilities                                        1,741,422            1,725,542
                                                                    ------------------   ------------------
          Total Liabilities                                                  5,896,816            6,546,338
                                                                    ------------------   ------------------

STOCKHOLDERS' EQUITY
  Preferred Stock, $.001 Par Value, Authorized 5,000,000 Shares;
   None Issued or Outstanding                                                        -                    -
  Common Stock, $.001 Par Value, 25,000,000 Shares;
   Issued and Outstanding 6,250,000 Shares at September 30, 2003
    and 6,250,000 shares at December 31, 2002                                    6,250                6,250
  Additional Paid-In Capital                                                   793,325              793,325
  Retained Earnings                                                          1,406,231            1,108,743
                                                                     ------------------   ------------------
          Total Stockholders' Equity                                         2,205,806            1,908,318
                                                                     ------------------   ------------------

          Total Liabilities and Stockholders' Equity                 $       8,102,622   $        8,454,656
                                                                     ==================   ==================
</TABLE>

           See accompanying notes to consolidated financial statements
                                        2


<PAGE>

                                MORO CORPORATION
                           CONSOLIDATED STATEMENTS OF INCOME
             NINE AND THREE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                                Nine Months Ended                     Three Months Ended
                                                                  September 30,                         September 30,
                                                       -----------------------------------   -----------------------------------
                                                             2003               2002               2003               2002
                                                       ----------------   ----------------   ----------------   ----------------
<S>                                                    <C>                <C>                <C>                <C>
REVENUES
  Construction Material Sales, Net                     $     8,029,689    $     8,608,577    $     3,450,305    $     3,617,883
  Mechanical Contracts Revenue                              10,030,581                  -          3,510,936                  -
                                                       ----------------   ----------------   ----------------   ----------------
          Total Revenues                                    18,060,270          8,608,577          6,961,241          3,617,883
                                                       ----------------   ----------------   ----------------   ----------------

COST OF REVENUES
  Cost of Goods Sold                                         6,506,080          6,744,620          2,798,606          2,815,747
  Cost of Construction Contract Revenue                      9,133,352                  -          3,204,999                  -
                                                       ----------------   ----------------   ----------------   ----------------
          Total cost of revenues                            15,639,432          6,744,620          6,003,605          2,815,747
                                                       ----------------   ----------------   ----------------   ----------------

GROSS PROFIT                                                 2,420,838          1,863,957            957,636            802,136

OPERATING EXPENSES
  Selling, General and Administrative Expenses               1,803,075          1,257,565            569,351            465,436
                                                       ----------------   ----------------   ----------------   ----------------

OPERATING  INCOME                                              617,763            606,392            388,285            336,700

OTHER INCOME (EXPENSE)
  Other                                                         18,406                  -              6,340                  -
  Interest Income                                                3,255              5,455              1,005              1,676
  Interest Expense                                            (133,633)           (68,387)           (62,051)           (20,738)
                                                       ----------------   ----------------   ----------------   ----------------

INCOME BEFORE INCOME TAXES                                     505,791            543,460            333,579            317,638

PROVISION FOR INCOME TAXES                                     208,303            220,000            138,303            135,000
                                                       ----------------   ----------------   ----------------   ----------------

NET  INCOME                                            $       297,488    $        323,460   $       195,276    $       182,638
                                                       ================   ================   ================   ================

EARNINGS PER SHARE - BASIC                             $          0.05    $          0.06    $          0.03    $          0.03
                                                       ================   ================   ================   ================

EARNINGS PER SHARE - DILUTED                           $          0.05    $          0.06    $          0.03    $          0.03
                                                       ================   ================   ================   ================

WEIGHTED AVERAGE SHARES
 OUTSTANDING (BASIC AND DILUTED)                             6,250,000          5,650,000          6,250,000          5,650,000
                                                       ================   ================   ================   ================
</TABLE>


          See accompanying notes to consolidated financial statements
                                       3


<PAGE>




                                MORO CORPORATION
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                  NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                      Nine Months           Nine Months
                                                                                         Ended                 Ended
                                                                                     Sept. 30, 2003        Sept. 30, 2002
                                                                                   -------------------   -------------------
<S>                                                                                <C>                   <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net Income                                                                       $          297,488    $          323,460
  Adjustments to Reconcile Net Income to Net Cash Provided By
    Operating Activities:
      Amortization                                                                             27,014                     -
      Depreciation                                                                            178,813                54,660
      Provision for Deferred Income Taxes                                                      41,000                     -
    Changes in Assets and Liabilities, Net of Acquisitions:
      Trade Accounts Receivable                                                              (571,338)             (849,233)
      Contract Accounts Receivable                                                            463,211                     -
      Inventory                                                                              (124,447)               45,791
      Costs in Excess of Billings                                                             426,179                     -
      Prepaid Income Taxes                                                                          -                59,000
      Other Current Assets                                                                    (37,160)             (123,031)
      Other Assets                                                                             (1,375)                    -
      Trade Accounts Payable                                                                  746,252               559,929
      Accrued Expenses                                                                       (136,869)                    -
      Billings in Excess of Costs                                                            (527,265)                    -
      Income Taxes Payable                                                                    (63,288)              152,313
                                                                                   -------------------   -------------------
          Net Cash Provided by Operating Activities                                           718,215               222,889
                                                                                   -------------------   -------------------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchase of Property and Equipment                                                         (215,272)             (137,829)
  Business Acquisition Costs                                                                   (4,478)                    -
                                                                                   -------------------   -------------------
          Net Cash Used in Investing Activities                                              (219,750)             (137,829)
                                                                                   -------------------   -------------------

CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds of Line of Credit                                                                  946,200               213,051
  Repayments of Line of Credit                                                             (1,275,326)             (500,000)
  Repayment of Amounts Payable Related Party                                                 (401,391)                    -
  Proceeds of Long-Term Debt                                                                  420,000                     -
  Principal Payments of Notes Payable                                                        (398,835)             (108,710)
                                                                                   -------------------   -------------------
          Net Cash Used in Financing Activities                                              (709,352)             (395,659)
                                                                                   -------------------   -------------------

          Net Decrease in Cash and Cash Equivalents                                          (210,887)             (310,599)

CASH AND CASH EQUIVALENTS - BEGINNING                                                         976,239               645,714
                                                                                   -------------------   -------------------

CASH AND CASH EQUIVALENTS - ENDING                                                 $          765,352    $          335,115
                                                                                   ===================   ===================

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
  Cash Paid for Interest                                                           $           61,050    $           67,118
                                                                                   ===================   ===================

  Cash Paid for Taxes                                                              $          200,000    $                -
                                                                                   ===================   ===================
</TABLE>


          See accompanying notes to consolidated financial statements
                                       4


<PAGE>


                                MORO CORPORATION
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


NOTE 1         DESCRIPTION OF BUSINESS

               Moro  Corporation  (the  "Company")  is  engaged  in two lines of
               business  -  Construction   Materials  (fabrication  of  concrete
               reinforcing  steel and distribution of construction  accessories)
               and   Mechanical   Contracting   (heating,    ventilation,    air
               conditioning  (HVAC),  industrial  plumbing  and  process  piping
               services  including  in-house  sheet  metal and pipe  fabrication
               capabilities).  These  products/services  are used  primarily  in
               construction projects such as highways,  bridges,  industrial and
               commercial buildings,  hospitals,  schools, office buildings, and
               other kinds of  structures.  The  Company's  customers are mainly
               contractors and end users.


NOTE 2         FINANCIAL STATEMENTS AND BASIS OF PRESENTATION

               The accompanying unaudited consolidated financial statements have
               been prepared in accordance  with generally  accepted  accounting
               principles   for   interim   financial   information   with   the
               instructions  for  Form  10-QSB  and Rule 10 of  Regulation  S-X.
               Accordingly,  they  do not  include  all of the  information  and
               footnotes  required by generally accepted  accounting  principles
               for complete financial statements.  In the opinion of management,
               all  adjustments   (consisting  of  normal  recurring   accruals)
               considered  necessary for a fair presentation have been included.
               Operating  results for the nine months ending  September 30, 2003
               are  not  necessarily  indicative  of  the  results  that  may be
               expected  for the year ended  December 31,  2003.  The  unaudited
               financial  statements  should  be read in  conjunction  with  the
               financial  statements  and  footnotes  thereto  included  in  the
               Company's  annual report on Form 10-K for the year ended December
               31, 2002.


NOTE 3         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

               Principles of Consolidation
               ---------------------------

               The consolidated financial statements include the accounts of the
               Company's  wholly-owned  subsidiaries.  All intercompany accounts
               and transactions have been eliminated.

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

               The  preparation  of  financial  statements  in  conformity  with
               accounting  principles generally accepted in the United States of
               America  requires  management to make  estimates and  assumptions
               that affect the reported  amounts of assets and  liabilities  and
               disclosure of contingent  assets and  liabilities  at the date of
               the financial statements and the reported amounts of revenues and
               expenses during the reporting period. Actual results could differ
               from those estimates.

               Accounts Receivable
               -------------------

               Accounts  receivable,  trade are  reported at amounts  management
               expects to collect on balances outstanding at year-end.  Accounts
               are charged to bad debt expense when deemed  uncollectible  based
               upon  a  periodic   review  of  individual   accounts.   Accounts
               receivable are considered  fully  collectible by management  and,
               accordingly,  no allowance  for doubtful  accounts is  considered
               necessary.


                                       5
<PAGE>


NOTE 3         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

               Goodwill
               --------

               Goodwill is measured for impairment in the fourth quarter of each
               year.  Goodwill is  attributable  to the  Mechanical  Contracting
               segment of the Company.

               Revenue Recognition
               -------------------

               Revenue  from  product  sales  is  recognized  upon  shipment  to
               customers,  title passing and all obligations of the Company have
               been  satisfied.  Provisions  for returns are provided for in the
               same period the related sales are recorded.

               Contract Revenue and Cost Recognition
               -------------------------------------

               Revenues  from  construction  contracts  are  recognized  on  the
               percentage-of-completion  method,  measured by the  percentage of
               direct cost incurred to date to the  estimated  total direct cost
               for  each  contract.  That  method  is  used  because  management
               considers  total  direct  cost to the best  available  measure of
               progress  on the  contracts.  Revenues  from  time  and  material
               contracts are recognized currently as the work is performed.

               Contract costs include all direct material, labor,  subcontractor
               and those indirect costs that relate to construction performance.
               All  other  costs  are  expensed  as  incurred.   Provisions  for
               estimated losses on uncompleted  contracts are made in the period
               in  which  such  losses  are  first  determined.  Changes  in job
               performance,  job  conditions  and  estimated  profitability  may
               result in revisions to costs and income and are recognized in the
               period  in  which  the  revisions  are  determined.  The  Company
               recognizes  claim  and  contract  modification  costs as they are
               incurred and revenues when realization is probable and the amount
               can be reliably  estimated which is generally at the time a claim
               or contract  modification is accepted by all parties.  Because of
               the inherent  uncertainties  in estimating  costs, it is at least
               reasonably  possible that the  estimates  used will change in the
               near term.

               The asset, "Costs and estimated earnings in excess of billings on
               uncompleted  contracts"  represents revenues recognized in excess
               of amounts  billed.  The liability,  "Billings in excess of costs
               and  estimated  earnings  on  uncompleted  contracts"  represents
               billings in excess of revenues recognized.

               Earnings per Share
               ------------------

               Basic earnings per share amounts are computed based on net income
               divided by the weighted  average number of shares actually issued
               and outstanding.

               Diluted  earnings per share amounts for the three months and nine
               months  ended  September  30,  2003  and  2002  are  based on the
               weighted  average number of shares  calculated for basic earnings
               per share  purposes  increased by (when  dilutive)  the number of
               shares that would be outstanding assuming the exercise of certain
               outstanding  stock  options or warrants.  Outstanding  options to
               purchase  385,000  of  common  shares  in 2003 and 2002  were not
               included in the computation of diluted earnings per share because
               their per share  exercise  price was greater than the average per
               share market price of the Company's common shares.


                                       6
<PAGE>


NOTE 4        RECENTLY ISSUED ACCOUNTING PRINCIPLES

              In April  2003,  the FASB  issued  SFAS No.  149,  "Amendment  of
              Statement 133 on Derivative  Instruments  and Hedging  Activities
              ("SFAS 149"). SFAS 149 amends and clarifies financial  accounting
              and  reporting  for  derivative  instruments,  including  certain
              derivative  instruments  embedded  in  other  contracts,  and for
              hedging activities under SFAS No. 133, "Accounting for Derivative
              Instruments and Hedging  Activities."  This Statement amends SFAS
              No.  133  for   decisions   made  as  part  of  the   Derivatives
              Implementation    Group   process   and   in   connection    with
              implementation  issues raised in relation to the  application  of
              the  definition  of a  derivative.  SFAS  149  is  effective  for
              contracts  entered  into or  modified  after June 30,  2003.  The
              Company  does not expect the  requirements  of SFAS 149 to have a
              material impact on the results of operations, financial position,
              or liquidity.

              In May 2003, the FASB issued SFAS No. 150, for certain  financial
              instruments with  characteristics of both liabilities and equity.
              This statement establishes standards for how an issuer classifies
              and measures certain financial  instruments with  characteristics
              of both  liabilities and equity.  This statement is effective for
              financial  instruments  entered  into or  modified  after May 31,
              2003,  and  otherwise is effective at the  beginning of the first
              interim  period  beginning  after June 15, 2003. The Company does
              not  expect a  material  impact  on the  results  of  operations,
              financial position or liquidity.

NOTE 5        ACQUISITION

              At the  close  of  business  on  September  30,  2002,  Moro/Rado
              Acquisition   Corporation  purchased  substantially  all  of  the
              operating  assets  of  the  former  Rado  Enterprises,   Inc.,  a
              Pennsylvania corporation for cash and amounts payable.  Moro/Rado
              Acquisition  Corporation  subsequently  changed  its name to Rado
              Enterprises,  Inc. ("Rado"). Rado fabricates sheet metal ductwork
              and process piping and provides mechanical  contracting services.
              The  typical  operating  cycle  for  Rado,  from  the  award of a
              contract  through the  completion  of the  contract,  ranges from
              several weeks up to a period of approximately two years.

              The  following  unaudited  pro  forma  consolidated   results  of
              operations  are presented as if the  acquisition of Rado had been
              made at the beginning of the period presented. This unaudited pro
              forma  information is being provided for  informational  purposes
              only.  It  is  not  necessarily  indicative  of  the  results  of
              operations that would have occurred had the purchase been made at
              the beginning of the periods  presented or the future  results of
              the combined operations.





                                       7
<PAGE>


NOTE 5        ACQUISITION (CONTINUED)
                                                              Nine Months Ended
                                                             September 30, 2002
                                                             ------------------

                  Sales                                      $       18,250,000
                  Cost of sales                                      15,193,000
                                                             ------------------
                  Gross profit                                        3,057,000
                  Operating expenses                                  1,825,000
                                                             ------------------
                  Operating income                                    1,232,000
                  Other income                                           19,000
                                                             ------------------
                  Income before income taxes                          1,251,000
                  Provision for income taxes                            507,000
                                                             ------------------

                  Net income                                 $          744,000
                                                             ==================


                  Basic earnings per common share            $              .13
                                                             ==================
                  Diluted earnings per common share          $              .13
                                                             ==================
                  Weighted average shares                             5,650,000
                                                             ==================

NOTE 6        STOCK OPTION PLAN

              The  Company has an  Incentive  Stock  Option  Plan (the  "Option
              Plan") for key  employees.  The Company  accounts  for the Option
              Plan under the  recognition  and  measurement  principles  of APB
              Opinion No. 25,  "Accounting  for Stock Issued to Employees," and
              related  Interpretations.  No stock-based  employee  compensation
              cost is reflected in net income, as all options granted under the
              Option  Plan had an exercise  price equal to the market  value of
              the underlying  common stock on the date of grant.  The following
              table illustrates the effect on net income and earnings per share
              if the Company had applied the fair value recognition  provisions
              of  FASB   Statement  No.  123,   "Accounting   for   Stock-Based
              Compensation," to stock-based employee compensation.
<TABLE>
<CAPTION>

                                                             Nine Months Ended                 Three Months Ended
                                                              September 30,                      September 30,
                                                     --------------------------------    -------------------------------
                                                          2003             2002              2003             2002
                                                     -------------     -------------     -------------    -------------

<S>                                                  <C>               <C>              <C>               <C>
               Net Income, as reported               $     297,488     $     323,460     $    195,276     $     182,638
               Less: Total stock-based
               compensation expense
               determined under the fair value
               based method for all awards,
               net of related tax effects                        -                 -                -                 -
                                                     -------------     -------------     -------------     -------------
               Proforma Net Income                   $     297,488     $     323,460     $    195,276     $     182,638

               Basic and diluted earnings
               per share, as reported                $         .05     $         .05     $        .03     $         .03
               Basic and diluted earnings
               per share, proforma                   $         .05     $         .05     $        .03     $         .03
</TABLE>


                                       8
<PAGE>


NOTE 7        INVENTORY

              Inventory  is recorded  at the lower of cost or market  using the
              first-in,  first-out (FIFO) method. As of September 30, 2003, all
              inventories  consist  of  raw  materials  and  parts,  which  are
              available for resale.


NOTE 8        DEMAND NOTES PAYABLE, BANK

              The Company through its subsidiaries  maintains credit facilities
              totaling  $4,150,000,  which are  collateralized by the Company's
              assets.  The Credit  Facilities  require  the Company to maintain
              certain financial covenants,  which the Company was in compliance
              with at September 30, 2003. These  facilities  expire on June 30,
              2004.


NOTE 9        LONG-TERM DEBT

              In September  2003,  the Company  entered into a term loan with a
              bank.  The loan,  in the amount of $400,000,  is payable in equal
              monthly  principal  installments  plus interest at prime plus .5%
              per annum (4.50% per annum at September 30, 2003).


NOTE 10       SEGMENT INFORMATION

              The  Company  operates  in two  business  segments:  Construction
              Materials and Mechanical Contracting.  The operating segments are
              managed  separately  and maintain  separate  personnel due to the
              differing services and products offered by each segment.

              Operating  segment  information  (unaudited)  for the nine months
              ended September 30, 2003 and 2002 is as follows:
<TABLE>
<CAPTION>

               Nine Months Ended                        Construction        Mechanical
               September 30, 2003                        Materials          Contracting        Corporate            Total
               ------------------                   ------------------ ------------------  ------------------ ----------------
               <S>                                         <C>                <C>                 <C>               <C>
               Revenues                             $      8,029,689   $      10,030,581   $             -   $     18,060,270
               Gross profit                         $      1,523,609   $         897,229   $             -   $      2,420,838
               Operating segment
               income (loss) from
               operations                           $        306,678   $         390,509   $       (79,424)  $        617,763

               Total segment assets                 $      3,687,299   $       4,312,858   $       102,465   $      8,102,622

               Depreciation and
                amortization expense                $         82,856   $         122,971   $             -   $        205,827

</TABLE>


                                       9
<PAGE>


NOTE 10       SEGMENT INFORMATION (CONTINUED)
<TABLE>
<CAPTION>

               Nine Months Ended                         Construction        Mechanical
               September 30, 2002                        Materials          Contracting        Corporate            Total
               ------------------                   ------------------ ------------------  ------------------ -----------------
               <S>                                  <C>                <C>                 <C>                <C>
               Revenues                             $      8,608,577   $               -   $             -   $      8,608,577
               Gross profit                         $      1,863,957   $               -   $             -   $      1,863,957
               Operating segment
               income (loss) from
               operations                           $        605,287   $               -   $         1,105   $        606,392

               Total segment assets                 $      3,836,114   $               -   $       219,966   $      4,056,080

               Depreciation and
                amortization expense                $         54,660   $               -   $             -   $         54,660
</TABLE>

               Segment information for the three months ended September 30, 2003
               and 2002 is as follows:
<TABLE>
<CAPTION>

               Three Months Ended                      Construction       Mechanical
               September 30, 2003                        Materials          Contracting        Corporate            Total
               ------------------                   ------------------ ------------------  ------------------ ----------------
               <S>                                     <C>                <C>                 <C>               <C>
               Revenues                             $      3,450,305   $       3,510,936   $               -   $     6,961,241
               Gross profit                         $        651,699   $         305,937   $               -   $       957,636
               Operating segment
                income (loss) from
               operations                           $        235,771   $         172,433   $         (19,919)  $       388,285

               Total segment assets                 $      3,687,299   $       4,312,858   $         102,465   $     8,102,622

               Depreciation and
                 amortization expense               $         31,360   $          34,809   $               -   $        66,169

               Three Months Ended                      Construction       Mechanical
               September 30, 2002                       Materials          Contracting        Corporate            Total
               ------------------                   ------------------ ------------------  ------------------ ----------------

               Revenues                             $       3,617,883   $              -   $               -   $     3,617,883
               Gross profit                         $         802,136   $              -   $               -   $       802,136
               Operating segment
                income (loss) from
               operations                           $         332,215   $              -   $           4,485   $       336,700

               Total segment assets                 $       3,836,114   $              -   $         219,966   $     4,056,080

               Depreciation and
               amortization expense                 $          18,966   $              -   $               -   $        18,966

</TABLE>


                                       10
<PAGE>


NOTE 11       COMMITMENTS AND CONTINGENCIES

              Rado Acquisition Earnings Contingency
              -------------------------------------
              The Company is  required to pay to a former  owner of an acquired
              business,  additional  excess  profits,  as  defined in the Asset
              Purchase Agreement, related to a certain customer contract. As of
              September 30, 2003,  such  mechanical  contract is  substantially
              complete  and it  appears  probable  an  amount  will  be paid in
              accordance  with the terms  above;  therefore,  the  Company  has
              accrued expense of $384,000 related to this matter.  The $384,000
              is included in amounts payable to related party for balance sheet
              presentation purposes.



NOTE 12       RELATED PARTY TRANSACTION

              During  May  2003,  the  principal  shareholder  of  the  Company
              purchased, through an entity owned by such principal, the office,
              warehouse and shop facilities used by a subsidiary of the Company
              from a real  estate  partnership  50% owned by an employee of the
              subsidiary.   The  subsidiary  had  previously  assigned  to  the
              principal  its option to  purchase  this  property  from the real
              estate  partnetship.  The subsidiary has entered into a new lease
              agreement  with an initial  five year term of  $120,000  per year
              (the same rate as previously  being paid by the subsidiary)  plus
              three  five year  options  that  extend  through  May  2018.  The
              Company's  management set the lease rate at the fair market value
              based on the advice from an independent  professional real estate
              appraisal  firm.  The Company has not  guaranteed the debt of the
              entity owned by the principal shareholder of the Company.







                                       11
<PAGE>



Item 2.       Management's Discussion and Analysis or Plan of Operations.

Forward Looking  Statements
This Form 10-QSB contains certain forward looking  statements  regarding,  among
other things,  the anticipated  financial and operating  results of the Company.
For this purpose, forward looking statements are any statements contained herein
that are not statements of historical fact and include,  but are not limited to,
those   preceded  by  or  that   include  the  words,   "believes,"   "expects,"
"anticipates," or similar expressions. Those statements are subject to known and
unknown  risks,  uncertainties  and other  factors  that could  cause the actual
results  to  differ  materially  from  those  contemplated  by  the  statements.
Important  factors  that  could  cause the  Company's  actual  results to differ
materially from those projected  include,  for example (i) there is no assurance
that the Company can locate and purchase  businesses  that meet its criteria for
acquisition,  (ii) there is no  assurance  that the Company  will  achieve  high
returns on capital because of, among other reasons,  unanticipated  fluctuations
in  costs  such as  material  and  labor,  ineffective  management  of  business
operations, or adverse change in the demand in the marketplace for our products,
or (iii) there may be  unanticipated  issues  relating to the integration of new
businesses  into our existing  management  and corporate  culture.  Although the
Company  believes  that the  forward  looking  statements  contained  herein are
reasonable,  it can give no assurance  that the Company's  expectations  will be
met.

Critical  Accounting  Policies
The preparation of financial  statements  requires  management to make estimates
and assumptions that affect amounts reported therein.  The financial  statements
are prepared to conformity with generally accepted accounting  principles,  and,
as  such,   include  amounts  based  on  informed  estimates  and  judgments  of
management.  For example, estimates are used in determining total contract costs
and  profitability and valuation  allowances for  uncollectible  receivables and
obsolete  inventory.  Actual  results  achieved in the future  could differ from
current estimates.  The Company used what it believes are reasonable assumptions
and where applicable,  established valuation techniques in making its estimates.
Management   believes  the  Company's  most  critical  accounting  policies  are
discussed below.

Revenue  Recognition
Revenue from product  sales is  recognized  upon  shipment to  customers,  title
passing and all obligations for the Company have been satisfied.  Provisions for
returns are provided for in the same period the related sales are recorded.

Contract Revenue and Cost Recognition
Revenues    from    construction     contracts    are    recognized    on    the
percentage-of-completion  method,  measured  by the  percentage  of direct  cost
incurred to date to the  estimated  total  direct cost for each  contract.  That
method is used  because  management  considers  total direct cost to be the best
available measure of progress on the contracts.  Revenues from time and material
contracts are recognized currently as the work is performed.





                                       12
<PAGE>

Contract  costs  include all direct  material,  labor,  subcontractor  and those
indirect  costs that  relate to  construction  performance.  All other costs are
expensed as incurred.  Provisions for estimated losses on uncompleted  contracts
are made in the period in which such losses are first determined. Changes in job
performance,  job conditions and estimated profitability may result in revisions
to costs and income and are  recognized in the period in which the revisions are
determined. The Company recognizes claim and contract modification costs as they
are  incurred and revenues  when  realization  is probable and the amount can be
reliably  estimated,  which  is  generally  at the  time  a  claim  or  contract
modification is accepted by all parties.  Because of the inherent  uncertainties
in estimating costs, it is at least reasonably  possible that the estimates used
will change in the near term.

The asset,  "Costs and estimated  earnings in excess of billings on  uncompleted
contracts"  represents  revenues  recognized  in excess of amounts  billed.  The
liability,  "Billings in excess of costs and estimated  earnings on  uncompleted
contracts" represents billings in excess of revenues recognized.

Inventory
Inventory  is  recorded  at the  lower of cost or  market  using  the  first-in,
first-out (FIFO) method.

Income  Taxes
Income taxes are provided  for the tax effects of  transactions  reported in the
financial  statements  and consist of taxes  currently due plus  deferred  taxes
related  primarily to  differences  between the basis of balance sheet items for
financial and income tax reporting.  The deferred tax liabilities  represent the
future tax  return  consequences  of those  differences,  which  will  either be
taxable or deductible when the liabilities are settled. A valuation allowance is
provided when realization of a deferred tax asset is unlikely.

Results  of  Operations
Percentage of total revenues for key revenue and  expenditures for the three and
nine months ended September 30, 2003 and 2002 are as follows:

<TABLE>
<CAPTION>

                                              Nine Months         Nine Months        Three Months       Three Months
                                                 Ended               Ended              Ended              Ended
                                             Sept. 30, 2003      Sept. 30, 2002     Sept. 30, 2003     Sept. 30, 2002
                                            -----------------   -----------------  -----------------  -----------------

<S>                                                    <C>                <C>                 <C>               <C>
Construction materials sales                           44.5%              100.0%              49.6%             100.0%
Mechanical contracting sales                           55.5%                0.0%              50.4%               0.0%
                                            -----------------   -----------------  -----------------  -----------------
     Total                                            100.0%              100.0%             100.0%             100.0%
                                            -----------------   -----------------  -----------------  -----------------

Cost of goods sold                                     36.0%               78.3%              40.2%              77.8%
Cost of construction contract revenue                  50.6%                0.0%              46.0%               0.0%
                                            -----------------   -----------------  -----------------  -----------------
     Total                                             86.6%               78.3%              86.2%              77.8%
                                            -----------------   -----------------  -----------------  -----------------

Gross profit                                           13.4%               21.7%              13.8%              22.2%

Operating expenses                                     10.0%               14.6%               8.2%              12.9%
                                            -----------------   -----------------  -----------------  -----------------

Operating income                                        3.4%                7.0%               5.6%               9.3%
Interest and other expenses, net                        0.6%                0.7%               0.8%               0.5%
                                            -----------------   -----------------  -----------------  -----------------
Income before income taxes                              2.8%                6.3%               4.8%               8.8%
Income tax                                              1.2%                2.6%               2.0%               3.7%
                                            -----------------   -----------------  -----------------  -----------------

Net income                                              1.6%                3.7%               2.8%               5.1%
                                            =================   =================  =================  =================

</TABLE>



                                       13
<PAGE>


Three Months Ended September 30, 2003

Revenues for the three months ended September 30, 2003 were $6,961,241  compared
with  $3,617,883  for the same period a year ago, an increase of  $3,343,358  or
92%. Revenues for the Mechanical  Contracting  division were $3,510,936 compared
with no revenues  for the year ago period  because  this segment was not created
until October 1, 2002 with the acquisition of Rado Enterprises, Inc. The revenue
increase attributable to the Mechanical  Contracting division accounted for 105%
of the  year-to-year  increase  offset by a decrease of 5%  attributable  to the
Construction  Materials  division which experienced lower net selling prices for
its products.

The cost of revenues for the three months ended  September 30, 2003 increased by
$3,187,858, which is primarily due to the Mechanical Contracting division.

The gross profit margin for the three months ended  September 30, 2003 was 13.8%
compared with 22.2% for the same period a year ago, a decline of 8.4  percentage
points. The gross profit margin for the Construction Materials division declined
by 3.3 percentage points and the balance of the decline was due to a lower gross
margin realized by the Mechanical Contracting division.

Selling,  general  and  administrative  expenses  for  the  three  months  ended
September 30, 2003  increased by $103,915,  representing  a 22% increase for the
same period a year ago. The increase is primarily attributable to the Mechanical
Contracting division.

Net income for the three months ended  September 30, 2003 was $195,276  compared
with  $182,638  for the same period a year ago, an increase of 7%. The  increase
was  attributable  primarily to the Mechanical  Contracting  division  offset by
lower gross margins for the Construction Materials division and higher corporate
expenses due to higher accounting, legal and corporate development costs.

Nine Months Ended September 30, 2003

Sales for the nine months ended  September  30, 2003 were  $18,060,270  compared
with  $8,608,577  for the same period a year ago, an increase of  $9,451,693  or
110%. Sales for the Mechanical  Contracting  division were $10,030,581  compared
with no sales for the year ago period because this segment was not created until
October  1, 2002 with the  acquisition  of Rado  Enterprises,  Inc.  This  sales
increase  was  partially   offset  by  a  sales  decline  of  $578,888  for  the
Construction   Materials  division,   due  to  lower  net  selling  prices  from
unfavorable  winter  weather  conditions  during  the first  quarter of 2003 and
during the period.

Cost of sales for the nine months  ended  September  30,  2003 were  $15,639,432
compared  with  $6,744,620  for the  same  period a year  ago,  an  increase  of
$8,894,812.   Cost  of  sales  for  the  Mechanical  Contracting  division  were
$9,133,352  compared  with no cost for the year ago period  because this segment
was not  created  until  October  1,  2002.  Cost of sales for the  Construction
Materials division decreased by 3.5% while sales decreased 6.7%.

The gross profit  margin for the nine months ended  September 30, 2003 was 13.4%
compared with 21.7% for the same period a year ago, a decline of 8.3  percentage
points. The gross profit margin for the Construction Materials division declined
by 2.1 percentage points and the balance of the decline was due to a lower gross
profit margin realized by the Mechanical Contracting division.





                                       14
<PAGE>


Selling, general and administrative expenses for the nine months ended September
30, 2003 were  $1,803,075  compared with  $1,257,565  for the same period a year
ago.  This  increase of  $545,510 is  primarily  due to the  acquisition  of the
Mechanical Contracting division on October 1, 2002.

Net income for the nine months ended  September  30, 2003 was $297,488  compared
with net  income of  $323,460  for the same  period a year ago,  a  decrease  of
$25,972 or 8%. The  Mechanical  Contracting  division  accounted for $170,710 or
57.4% of the net  income for the nine  months  ended  September  30,  2003.  The
decline  in  net  income  related  to the  Construction  Materials  division  is
attributable to losses incurred by the  Construction  Materials  division during
the first quarter of 2003,  lower profit margin for the  Construction  Materials
division due to  competitive  pressures on selling  prices and higher  corporate
legal, accounting, interest and corporate development costs.

Liquidity and Capital  Resources  For the nine months ended  September 30, 2003,
there  was a net  decrease  of cash  of  $210,887.  Cash  flows  from  operating
activities  of $718,215  were offset  primarily  by cash flows used in financing
activities of $709,352 (mainly repayments of bank debt) and capital expenditures
of $215,272.

As of  September  30, 2003,  cash on hand was  $765,352 and working  capital was
$2,325,029.  The Company  believes that its financial  resources are adequate to
fund the current level of operations. The Company does not expect to purchase or
sell any significant  property and equipment during the next twelve months.  The
Company  also does not  anticipate  any  significant  changes  in the  number of
employees during the next twelve months.

The  Company  through  its  subsidiaries  maintains  line of  credit  facilities
totaling  $4,150,000,  which are  collateralized  by the Company's  assets.  The
Credit Facilities  require the Company to maintain certain financial  covenants,
which the Company was in compliance with at September 30, 2003. At September 30,
2003, the borrowings under the line of credit were $702,499 and the availability
of additional borrowings was $3,109,797.





                                       15
<PAGE>


Item 3.       Controls and Procedures

              Disclosure Controls and Procedures

              Evaluation of disclosure controls and procedures.  Based on their
              evaluation of the Company's  disclosure  controls and  procedures
              (as defined in Rule 13a-15(e)  under the Securities  Exchange Act
              of 1934 (the "Exchange  Act")),  the principal  executive officer
              and principal financial officer have concluded that as of the end
              of the period  covered by this  Quarterly  Report on Form  10-QSB
              such  disclosure  controls and procedures are effective to ensure
              that  information  required  to be  disclosed  by the  Company in
              reports  that it files  or  submits  under  the  Exchange  Act is
              recorded, processed,  summarized and reported within the required
              time periods.

              Internal Control Over Financial Reporting

              Changes in internal control over financial reporting.  During the
              quarter  under  report,  there  was no  change  in the  Company's
              internal  control over  financial  reporting  that has materially
              affected,  or is  reasonably  likely to  materially  affect,  the
              Company's internal control over financial reporting.





                                       16
<PAGE>


PART II - OTHER INFORMATION

Item 1.   Legal Proceedings

          At September 30, 2003, there were no legal proceedings against the
          Company.

Item 2.   Changes in Securities and Use of Proceeds

          None

Item 3.   Default Upon Senior Securities

          None

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

          None

Item 5.   Other Information

          None

Item 6.   Exhibits

          (a)  Exhibits

               31-  Statement of Chief Executive and Chief  Financial  Officer
                    (filed herewith).

               32-  Certification  pursuant  to 18 U.S.C.  Section  1350,  as
                    adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                    2002.

               (b)  Reports on Form 8-K - During the quarter ended September 30,
                    2003,  the Company  filed a Form 8-K dated  August 14, 2003,
                    reporting  information  under  Item 4  thereof  relating  to
                    changes in its certifying accountant.


                                                    SIGNATURES

In  accordance  with the  requirement  of the Exchange Act, the  registrant  has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized


                                                    MORO CORPORATION

                                                By: /s/ David W. Menard
                                                    ---------------------------

                                                    David W. Menard
                                                    Chief Executive Officer
                                                    and Chief Financial Officer




                                       17
<PAGE>