UNITED STATES
                       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 July 31, 2000

                                       OR

         (  )       Transition  Report  pursuant  to Section 13 or 15 (d) of the
                    Securities Exchange Act of 1934.

                    For the transition period from __________ to __________

                         Commission File Number: 0-28514



                          TREASURY INTERNATIONAL, INC.
                 (Name of Small Business Issuer in Its Charter)

               Delaware                                 98-0160284
           --------------                            ---------------
    (State or Other Jurisdiction of           (IRS Employer Identification No.)
      Incorporation or Organization)

     1081 King St., E 2nd Floor
          Kitchener, Ontario                             N2G 2N1
     ---------------------------                        ----------
   (Address of Principal Executive Offices)             (Zip Code)



-------------------------------------------------------------------------------
         (Former Name, Former Address and Former Fiscal Year,
                   if Changed Since Last Report)

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








                                      1
<PAGE>


         As of July 31, 2000, 92,196,677 shares of the registrant's common stock
were outstanding.

         The aggregate  market value of the voting stock held by  non-affiliates
computed by reference  to the price at which the stock was sold,  or the average
bid and asked prices of such stock, as of July 31, 2000 was  $9,233,148.  Shares
of Common Stock held by each  executive  officer and director and by each person
who  beneficially  owns more than 5% of the  outstanding  Common Stock have been
excluded in that such persons may under  certain  circumstances  be deemed to be
affiliates.  This  determination of executive officer or affiliate status is not
necessarily a conclusive determination for other purposes.












































                                       2
<PAGE>
PART I     Financial Information
--------------------------------
ITEM 1. Financial Statements


   Bromberg & Associate
----------------------------                    1183 Finch Ave. West, Suite 305
      CHARTERED ACCOUNTANTS                          Toronto, Ontario M3J 2G2
                                                       Phone: (416) 663-7521
                                                        Fax: (416) 663-1546


ACCOUNTANTS' REVIEW REPORT


         Board of Directors and Shareholders
         Treasury International, Inc.

         We have reviewed the accompanying interim consolidated balance sheet of
Treasury  International,  Inc. as at July 31, 2000, and the interim consolidated
statements of operations, and cash flows for the period then ended in accordance
with  statements on standards for accounting and review  services  issued by the
American Institute of Certified Public Accountants.  All information included in
these  interim  consolidated  financial  statements  is  the  representation  of
management of Treasury International, Inc.

         A review  consists  principally  of inquiries of Company  personnel and
analytical  procedures  applied to financial data. It is  substantially  less in
scope than an audit in accordance with generally accepted audited standards, the
objective  of which is the  expression  of an opinion  regarding  the  financial
statements taken as a whole. Accordingly, we do not express such an opinion.

         Based on our  review,  we are not aware of any  material  modifications
that  should  be  made  to  the  accompanying  interim  consolidated   financial
statements  in  order  for  them to be in  conformity  with  generally  accepted
accounting principles.


                                                      BROMBERG & ASSOCIATE
                                                      CHARTERED ACCOUNTANTS





         TORONTO, CANADA
         September 5, 2000










                                       3
<PAGE>
                          TREASURY INTERNATIONAL, INC.
                       INTERIM CONSOLIDATED BALANCE SHEET
                               AS AT JULY 31, 2000
                                   (UNAUDITED)


                                     ASSETS
                                             July 31, 2000     January 31, 2000
CURRENT
  Accounts receivable                        $   785,102           $   662,531
  Due from Wexcap Group, LLC                       3,000                 3,000
  Marketable Securities (Note 7)                 182,509                     -
  Sundry assets                                   19,797                 2,607
                                             -----------       ---------------
                                                 990,408               668,138

Promissory Note Receivable (Note 3)            2,649,398             2,649,398
Goodwill (Notes 2b & 4)                          177,009               381,929
Research & Development Costs (Notes 2c & 5)      286,350               160,002
Capital Assets (Notes 2d &6)                      24,841                14,925
Long Term Investments (Note 7)                   107,413                     -
                                             -----------       ---------------
                                             $ 4,235,419           $ 3,874,392
                                             ===========       ===============



                                   LIABILITIES
CURRENT
  Bank Indebtedness                          $     1,515           $    56,547
  Accounts payable and accrued liabilities       316,284               153,839
  Current portion of long-term debt (Note 8)     398,644               197,344
                                             -----------       ---------------
                                                 716,443               407,730

Long Term Debt (Note 8)                          477,003                45,903
Loan Payable                                           -                43,772
                                             -----------       ---------------
                                             $ 1,193,446            $  497,405
                                             ===========       ===============



                              SHAREHOLDERS' EQUITY
SHARE CAPITAL                              July 31, 2000      January 31, 2000
    Authorized
       100,000,000 common shares at $.0001
    Issued
       92,196,677 common shares (Note 9)           9,219                 9,510
      Contributed surplus (Note 10)            4,751,814             4,896,694
Deficit                                       (1,719,060)           (1,529,217)
                                             -----------       ---------------
                                               3,041,973             3,376,987
                                             -----------       ---------------

Total Liabilities & Shareholders Equity      $ 4,235,419           $ 3,874,392
                                             ===========       ===============
                                       4
<PAGE>
                          TREASURY INTERNATIONAL, INC.
                    INTERIM CONSOLIDATED STATEMENT OF DEFICIT
                      SIX MONTH PERIOD ENDED JULY 31, 2000
                                   (UNAUDITED)



                                          July 31, 2000                  1999

Balance, Beginning of Period                $ 1,529,217           $ 1,758,328

Net (Income) Loss for the Period                189,843              (149,578)
                                            -----------           -----------
Balance, End of Period                      $ 1,719,060           $ 1,608,750
                                            -----------           -----------










































                                       5
<PAGE>
                          TREASURY INTERNATIONAL, INC.
                  INTERIM CONSOLIDATED STATEMENT OF OPERATIONS
                  FOR THE SIX MONTH PERIOD ENDED JULY 31, 2000
                                   (UNAUDITED)



                                           July 31,2000           July 31,1999
REVENUE
    Operations                              $   191,069            $    83,350
    Management Fee Income                             -                 23,333
    Interest and Penalty Income (Note 3)              -                251,097
                                          -------------          -------------
TOTAL INCOME                                    191,069                357,780
                                          -------------          -------------

COST OF GOODS SOLD                              109,864                 74,262
                                          -------------          -------------
GROSS PROFIT                                     81,205                283,518
                                          -------------          -------------

EXPENSES
    General and Administrative                  177,445                183,556
    Amortization                                 80,914                 10,677
    Financial                                    12,689                  4,419
                                          -------------          -------------

NET INCOME (LOSS)                         $   (189,843)            $    84,866
                                          =============          =============

Income (Loss) per Share                        (0.0002)                 0.0001
                                          -------------          -------------

Weighted Average Number of Common            91,796,677             91,540,103
Shares Outstanding                        =============          =============






















                                       6
<PAGE>
                          TREASURY INTERNATIONAL, INC.
                        INTERIM CONSOLIDATED STATEMENT OF
                         CHANGES IN SHAREHOLDERS' EQUITY
                  FOR THE SIX MONTH PERIOD ENDED JULY 31, 2000
                                   (UNAUDITED)



                                         COMMON        PAID-IN      CONTRIBUTED
                                         SHARES        CAPITAL        SURPLUS
                                       ------------  ------------- -------------

Balance-January 31, 2000                 95,101,777    $  9,510    $ 4,896,694

Issued 323,900 shares of common stock       323,900          32         35,597
at $0.11 per share under the Company's
Employee Benefit Plan Registration
Statement of February 25, 1998.

Issued 171,000 shares of common             171,000          17         34,183
stock in consideration for the
reduction of Notes Payable by
$34,200.

Returned 3,200,000 shares of            (3,200,000)       (320)      (199,680)
common stock to the company from
its subsidiary Pioneer Media
Group (Compelis Corporation).

Returned & cancelled 600,000 shares       (600,000)        (60)       (54,940)
of common stock for cash
consideration of $55,000

Issued 400,000 shares of common            400,000          40         39,960
stock at $0.10 per share under the
Company's Employee Benefit Plan
Registration Statement of
February 25, 1998.                    -------------    --------   ------------
Balance-July 31, 2000                    92,196,677    $  9,219    $ 4,751,814
                                      =============    ========   ============

















                                       7
<PAGE>
                          TREASURY INTERNATIONAL, INC.
                  INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS
                      SIX MONTH PERIOD ENDED JULY 31, 2000
                                   (UNAUDITED)


                                                 July 31, 2000   July 31, 1999
Cash flows from operating activities
    Net income (loss)                               ($ 189,843)     $   84,866
    Amortization                                        80,914          10,677
    (Increase) in accounts receivable                 (122,571)       (262,516)
    Increase in amount due from Wexcap Group                 -          (3,000)
    (Increase) in sundry assets                        (17,190)        (13,306)
    Increase (decrease) in accounts payable            162,445           1,643
                                                  -------------   -------------

Net cash used for operating activities              ($  86,245)    ($  181,636)
                                                  -------------   -------------

Cash flows from financing activities
    Loan Payable                                       (43,772)              -
    Promissory note receivable                               -          10,000
    Notes payable                                      632,400         285,180
    Proceeds on issue of common shares                (145,171)        292,000
                                                  -------------   -------------

Cash provided by financing activities               $  443,457      $  587,180
                                                  -------------   -------------

Cash flows from investing activities
    Long Term Investments                             (289,922)              -
    Goodwill                                           200,000        (388,810)
    Research and development costs                    (198,325)        (57,566)
    Purchase of capital assets                         (13,933)         (7,744)
                                                  -------------   --------------

Cash used for investing activities                  ($ 302,180)     ($ 454,120)
                                                  -------------   --------------

Decrease (Increase) in bank indebtedness                55,032         (48,576)
Bank balance (indebtedness), beginning of period       (56,547)         19,956
                                                  -------------   --------------
Bank indebtedness, end of period                     ($  1,515)      ($ 28,620)
                                                  =============   ==============













                                       8
<PAGE>
                          TREASURY INTERNATIONAL, INC.
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
                               AS AT JULY 31, 2000

1. Nature of business
              Treasury  International,  Inc. is a holding  company which through
         its wholly owned subsidiaries, Compelis Corporation and Retailport.com,
         Inc.,  is involved in  business  to  business  E-Commerce,  Web-enabled
         database  publishing,  Internet-based  Applications and Internet Portal
         development.



2. Summary of significant accounting policies

     a)       Basis of consolidation
              These  consolidated  financial  statements include the accounts of
              the company and the revenues and expenses of Compelis Corporation,
              its wholly owned subsidiary.

     b)       Goodwill

              The goodwill  arises on the purchase of common  shares of Compelis
              Corporation.  Amortization  is provided on a  straight-line  basis
              over a twenty-year period.  During the period, the goodwill amount
              was  reduced  by  $200,000  as a  result  of the  cancellation  of
              3,200,000  shares related to the purchase of Compelis  Corporation
              (formerly  Pioneer Media Group).

     c)       Research and development costs
              The  research  and  development  costs  relate to the work done in
              developing an e-commerce software package and an Internet point of
              sale package, together with database development.  Amortization is
              provided on a  straight-line  basis over a three-year  period.  d)
              Capital   assets   Capital   assets  are  recorded  at  cost  less
              accumulated amortization. Amortization is provided as follows:

                  Office equipment                - 20% diminishing balance

                  Computer equipment              - 30 % diminishing balance

                  Leasehold improvements          - term of lease


     e)       Revenue Recognition
              Revenue is  recognized  when  customers  are invoiced for products
              shipped by the company.

     f)       Income per share
              Income  per  share  is  calculated  based  on the weighted average
              number of shares outstanding during the period.
     g)       General

              These  financial  statements have been prepared in accordance with
              United States generally accepted accounting  principles (GAAP), as
              they relate to these financial statements.

                                       9
<PAGE>
3. Promissory Note Receivable
              The promissory  note receivable was received from the purchaser of
     the company's former subsidiary, Mega Blow Moulding Limited on November 30,
     1998.

4. Goodwill
                     July 31, 2000                       January 31, 2000
        -------------------------------------        --------------------------
                   Accumulated      Net book
          Cost     Amortization       value               Net book value
       ---------- ---------------  ----------        --------------------------
        $196,809      $19,800       $177,009                 $381,929
       ========== ===============  ==========        ==========================


5. Research & Development Costs
                     July 31, 2000                       January 31, 2000
        --------------------------------------        -------------------------
                   Accumulated      Net book
          Cost     Amortization       value               Net book value
       ---------- --------------   -----------        -------------------------
        $431,865     $145,515       $286,350              $   160,002
       ========== ==============   ===========        =========================


6. Capital assets
                            July 31, 2000                     January 31, 2000
                      ------------------------------------  -------------------
                                 Accumulated     Net book          Net book
                        Cost     Amortization      value             value
                      ---------- -------------  ----------  -------------------
Office equipment         $21,715     $14,227       $7,488            $8,320
Computer equipment        35,252      17,899       17,353             6,483
Leasehold improvements     1,407        1407            -               122
                      ---------- -------------  ----------  -------------------
                         $58,374     $33,533      $24,841           $14,925
                      ========== =============  ==========  ===================




















                                       10
<PAGE>
7. Long Term Investments
              During the period the Company made certain  equity  investments in
         other  Corporations  that  management  considers  to  be  strategic  or
         synergistic to the Company's growth.



8. Notes payable
              The notes payable consist of the following:

           Due Date                Principal Amount          Interest Rate
           Current                         $398,644              12% - 15%
           July 20, 2005                   $477,003                    12%
                            -----------------------
           Total                           $875,647
                            -----------------------


9. Stock Options

     a)       Options to  purchase  common  shares  have been  issued  under the
              Employee Benefit Plan Registration Statement,  registered February
              25,  1998,  to officers  and key  employees of the company and its
              subsidiary. Options outstanding at July 31, 2000 are as follows:

          Year Granted        Expiry Date         Price Range    No. of Shares
      -------------------------------------------------------------------------
        November 1, 2000    October 31, 2001         $ 0.11           85,000
        November 1, 2001    October 31, 2002          $0.11          410,000
      -------------------------------------------------------------------------
        Total Outstanding                                            495,000
                                                             ------------------


     b)       As at July 31, 2000, 400,000 warrants were issued and exercised at
              a price of $0.10 per share,  1,097,500  warrants  were  issued and
              exercised  at a price of $0.11 per share and 7,500  warrants  were
              issued  and  exercised  at a price of $0.16  per  share,  for each
              warrant owned. These warrants covered in this plan are exercisable
              over a 3 year period and expire in November 2002.



10. Contributed surplus
              Contributed surplus represents the premium paid on the issuance of
         common shares.



11. Income taxes
              As at July 31, 2000 the company had a net operating loss carryover
         of approximately $2,448,000 expiring in various years through 2015.





                                       11
<PAGE>
ITEM 2. Management's Discussion and Analysis or Plan of Operation

         Overview
         --------
              The information  contained in Item 2, Management's  Discussion and
         Analysis or Plan of Operation,  contains  "forward looking  statements"
         within the  meaning  of  Section  27A of the  Securities  Act 1933,  as
         amended  (the  "Securities  Act"),  and Section  21E of the  Securities
         exchange Act of 1934, as amended (the "Exchange  Act").  Actual results
         may  materially  differ from those  projected  in the  forward  looking
         statements as a result of certain risks and  uncertainties set forth in
         this report. Although management believes that the assumptions made and
         expectations   reflected  in  the  forward   looking   statements   are
         reasonable, there is no assurance that the underlying assumptions will,
         in fact,  prove to be correct or that actual future results will not be
         different from the expectations expressed in this report.

              Treasury  is an  asset  management  company  in  the  business  of
         development   and   acquisition  of   proprietary   assets  that  offer
         significant   growth  potential.   Treasury's  mandate  is  to  enhance
         shareholder value through an asset management and acquisition  strategy
         that  targets  companies or  activities  where  Treasury's  management,
         shareholders  and  corporate  structure  can be  leveraged  to  improve
         strategic market position, asset productivity and growth potential.

         Operating Plan
         --------------
              The Company,  through its operating  subsidiaries,  is involved in
         the   development   of   Internet-based   Enterprise   management   and
         communication  solutions.  The Company's  operations  include  Compelis
         Corporation,  Retailport.com,  Inc.  and  Webco-ops.com,  Inc.  and the
         Company owns the following  suite of  proprietary  software  assets and
         activities   known  as  the  Active  Business   Solutions:   ActiveRMS,
         ActiveCommerce, ActiveCatalog, ActiveCD, ActiveDataBank, ActiveHost and
         ActiveDesign.

              The  Company  has  further   intentions  to  integrate   ActiveRMS
         (Enterprise  Management  toolset  for  Retailers)  and Active  Commerce
         (E-business toolset) into ActiveCo-op a new web-based product to manage
         the  relationships  of  trading  partners  within  vertically   defined
         communities  (or  co-operatives).  This  toolset  will  enable  trading
         partners  to  interact,  collaborate  and  conduct  business  over  the
         Internet  while also  integrating  with internal  operations and online
         E-commerce initiatives.

         Compelis Corporation
         --------------------
              Compelis  Corporation  is a technology  solutions  provider with a
         primary focus on helping its clients  aggregate their knowledge  assets
         into  databases  and  publishing  that  content  to a variety of media:
         Internet,  CD-ROM and  Print.  The  Company's  target  markets  include
         manufacturers,   distributors  and  retailers  who  require  integrated
         communication  solutions  that  improve  their  business  processes  by
         automating  the flow of  information  and  transactions  through  their
         supply chains with anyone, anywhere and at anytime.

              Compelis  offers  its  clients  a single  technology  partner  for

                                       12
<PAGE>
         Internet-based  Electronic  Commerce  (on-line  shopping),   Electronic
         Business (online Request for Quote, Quoting, Purchase Order and trading
         co-operatives),  Electronic  Catalogs  (Internet  and  CD  ROM),  Print
         Catalogs, Brochures and Flyers, Creative Design including Corporate Web
         Sites and Corporate Identity,  Aggregated Industry Data and Information
         Asset Management.

              Compelis  generates  revenue  from the sale  and  delivery  of its
         Active  Business  Solutions  suite.  These  include  revenues  from the
         creation of content for catalogs,  project  management  fees,  software
         license  sales  (ActiveCommerce,  ActiveCD),  the resale of third party
         services  (print,  CD  replication,   hardware  and  software),  custom
         programming, website hosting, creative design and strategic planning.

         Retailport.com, Inc.
         -------------------
              Retailport.com,  Inc. is a retail industry  portal  endeavoring to
         link  trading  partners in these  initial  retail  verticals:  sporting
         goods,  specialty card, gift and hard goods.  The Company believes that
         creating unique Internet  portals where Industry  partners can interact
         and  transact  business in a secure  online  environment  will create a
         compelling reason for key players to be involved. The site will include
         online auctions, Industry news, business to business forums, aggregated
         industry  E-catalogs and classifieds for excess  inventory,  employment
         opportunities, business directories, etc.

              These portals will be powered by ActiveRMS and ActiveCommerce,  an
         E-commerce,  E-business  suite built on Microsoft's  Industry  Standard
         Internet  technologies:  SQL  Server,  NT  and  Site  Server,  Commerce
         Edition.  With the  growth  in use and  functionality  of  business  to
         business  Internet  systems,  the  opportunity to tie together  trading
         partners  (manufacturers,   distributors  and  retailers)  as  well  as
         E-commerce  (retailers and their customers),  Retailport.com,  Inc. has
         the favorable  position of being an early  entrant in the  thin-client,
         Internet-based,  retail systems market.  ActiveRMS is an Internet-based
         Retail Management System (including  Point-of-Sale,  Inventory Control,
         Customer Database, Inventory Transfer & Allocation,  Consolidated Chain
         Management  and  Reporting)  that  enables  companies  to make the link
         between their in store operations and their E-commerce initiatives.

              ActiveRMS  is deployed by  Application  Service  Providers  (ASP).
         These  ASPs  host and  manage  the  technology  infrastructure  for the
         retailer   thereby   reducing  the  overhead  burden   associated  with
         management of the  enterprise's  Information  Technology  systems.  The
         retail store accesses the software  through their  Internet  browser at
         the POS  terminal.  This model allows for anywhere,  anytime  access to
         mission  critical  enterprise data and provides a  significantly  lower
         total cost of technology ownership for the retailer.

              As  an  outsourced  Internet-based  software  solution,  ActiveRMS
         generates revenues from three sources: first, from Value Added Reseller
         (VAR)   partners   who  sell  product   licenses   for  each   customer
         installation;  second,  Application Service Provider (ASP) partners who
         host and support the ongoing technology infrastructure requirements for
         ActiveRMS   customers;   third,  from   professional   services  custom
         programming,  consulting and project  management - billings to meet the
         more  sophisticated  technology  requirements of larger  installations.
                                       13
<PAGE>
         Ongoing  revenues are generated  from  application  hosting,  help desk
         support contracts and product training.

         Webco-ops.com, Inc.
         -------------------
              Webco-ops.com,   Inc.  intends  to  create  trading   environments
         (exchanges,   co-operatives)  for  trading  partners,  within  targeted
         vertical  market  sectors,  that  aggregate  industry  information  and
         facilitates  the exchange of goods,  service and  transactions  through
         their established  supply chains.  These  co-operatives are designed to
         more  quickly and cost  effectively  move  products  through the supply
         chain,  automate business  processes for the participants and create an
         infrastructure  where trading partners can safely and securely exchange
         information and conduct transactions.

              AMR Research  recently  estimated  that the growing B2B e-commerce
         market  would hit $5.7  trillion by the end of 2004,  over 52% of those
         transactions are predicted to flow through online exchanges.

              These online  trading  co-operatives  will be  architected  on the
         Company's    ActiveCommerce    E-commerce/E-business    infrastructure.
         ActiveCommerce  is a feature rich web development  toolset that enables
         companies  to deploy  their online  E-commerce  initiatives  powered by
         Microsoft's Industry Standard Internet technologies: SQL Server, NT and
         Site Server, Commerce Edition.

              Online  Trading  Co-operatives  link  buyers  and  sellers  in  an
         electronic  marketplace  designed to process  transactions and exchange
         information in real-time.  This automation of business processes allows
         trading partners to build more integrated and profitable  relationships
         and to track more  efficiently  the  movement  on goods,  services  and
         transactions   through  their  supply   chains.   These   co-operatives
         strengthen  the  supply  chain  relationships   between   manufacturer,
         distributor, retailer and end consumer. WebCo-ops.com intends to create
         Internet  portals with key partners and market  influencers in order to
         maximize the  co-operative's  reach to manufacturers,  distributors and
         consumers.

              Revenue opportunities are twofold: transaction fees charged on the
         sale of  goods  and  services  flowing  through  the  co-operative  and
         subscription  fees  paid  by  participants  in the  co-operative.  Each
         co-operative can be set-up as independent business units with ownership
         shared with  participants or outside  investors and will be responsible
         for its development, market penetration and operation.

              During the next 12 to 24 months,  Treasury intends to continue its
         expansion  goals.  The  Company  plans to  achieve  its asset  building
         objectives:  i)  gain  strategic  position  for its  subsidiaries,  ii)
         improve asset  productivity  and iii) improve growth  potential in both
         emerging  technologies  and key  targeted  vertical  market  sectors by
         continuing  to build  its  current  technology  assets  and by  seeking
         strategic  alliances or  acquisitions  to expand its market  reach.  To
         increase its future  subsidiaries'  market share, the Company will seek
         to acquire  or  partner  with  other  companies  which  have  important
         products and synergies with existing company operations.

              The following  discussion  should be read in conjunction  with the
                                       14
<PAGE>
         Consolidated  Financial  Statements  of the  Company  included  in this
         annual report.


         (1)      INTERIM PERIODS
         ------------------------
         Result of Operations
         --------------------
         For the six months ended July 31, 2000.
         ---------------------------------------
              For the six month period ended July 31, 2000, the Company has seen
         operating  revenues  increase plus growing  demand for its products and
         services as  evidenced by year over year growth in its Work In Progress
         (WIP) backlog.  Operating  revenues  include only the sales  activities
         completed  during the period as the Company  books its revenue  only on
         the completion of the contract.  Revenues from operations  increased to
         $191,069 for the period, a 229% increase  compared with the same period
         ending July 31, 1999.

              The  Company  incurred  a net  loss of  $96,240  from  operations,
         exclusive  of  Interest,   Depreciation  and  Amortization,   for   the
         six-month  period ended July 31, 2000.  During the same period in 1999,
         the Company had a net profit of $84,866  which  included  interest  and
         penalty income of $251,097  related to the Promissory  Note the Company
         holds on the sale of Mega Blow Mouldings Ltd. ("Mega Blow"). During the
         period ended July 31, 2000, the Company did not report any interest and
         penalty   income  as  the  Note  is  in  default  and  the  Company  is
         investigating  what remedies it has against the purchaser.  The year to
         date loss is the result of  increased  cost of sales and  extraordinary
         expenses  related  to  the  development  of  its  software  assets.  In
         addition, all professional fees, compliance reporting and restructuring
         expenses  related to the ongoing  administration  of the public company
         are included in this amount  along with the general and  administrative
         costs of the Company's operating subsidiaries.


         Liquidity and Capital Resources
         -------------------------------
              The Company's management believes it has developed a sound plan to
         capture a growing  segment of the  global  E-commerce,  E-business  and
         Database  Publishing  markets.  As a technology  solutions provider and
         content  service  provider  the future for  Treasury  is related to its
         ability  to  capitalize  on  emerging  technologies  that link  trading
         partners in end-to-end enterprise commerce solutions.  The plan details
         the  Company's  entry  into  new and  emerging  e-commerce  initiatives
         through Compelis Corporation,  Retailport.com,  Inc. and Webco-ops.com,
         Inc, its wholly owned subsidiaries.

              Current assets totalled  $990,408 at July 31, 2000 and consists of
         trade receivables from operations,  marketable  securities and interest
         due on the  Promissory  Note the Company holds  relating to the sale of
         Mega Blow in November 1998.

              Current liabilities totaled $716,443 as of July 31, 2000  compared
         to $407,730 at January 31, 2000.  This change in the Company's  current
         liabilities  consist of an increase in trade  payables from  operations
         but has increased  principally from notes payable to private  investors
         and officers of the Company.
                                       15
<PAGE>
              The Company  believes it will  generate  sufficient  positive cash
         flow  from  operations  and  other  capital  investments  to  meet  its
         operating  requirements for the next twelve months. The primary sources
         of liquidity for the Company are debt financings,  equity offerings and
         funds to be generated from the sale of Mega Blow. However, there can be
         no assurance that the Company will be able to realize on its promissory
         note and therefore be able deliver on its plan and repay its debts.  If
         the funds  available from these  activities,  together with its current
         cash and cash  equivalents  are not  sufficient  to meet the  Company's
         needs,  the Company may, from time to time,  seek to raise capital from
         additional   sources,   including   establishing   lending  facilities,
         project-specific  financings and  additional  public or private debt or
         equity financings.


         PART II.  OTHER INFORMATION

         Item 6.  Exhibits and Reports on Form 8-K

            (a) Exhibits

            (b) Reports on Form 8-K. None

SIGNATURES

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


                          TREASURY INTERNATIONAL, INC.



 Dated: September 12, 2000    By /s/ Dale Doner
                                 -------------------------------------------
                                     Dale Doner, President



 Dated: September 12, 2000    By /s/ Marlin Doner
                                 -------------------------------------------
                                     Marlin Doner, Chief Financial Officer















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