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 April 30, 1999

                                       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 Incorporation  (IRS Employer Identification No.)
              or Organization)

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



       1183 Finch Ave West, Suite 508, North York, Ontario Canada M3J 2G2
-------------------------------------------------------------------------------
(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
         -------                 -------


<PAGE>2



         As of April 30,  1999,  88,320,677  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 20, 1999 was $6,528,009.




<PAGE>3




PART I Financial Information

ITEM 1.  Financial Statements


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



ACCOUNTANTS' REVIEW REPORT


Board of Directors and Shareholders
Treasury International, Inc.

We have  reviewed  the  accompanying  interim  consolidated  balance  sheets  of
Treasury International,  Inc. as at April 30, 1999, and the interim consolidated
statements of operations,  and cash flows for the years 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 & ASSOCIATES
                                                          CHARTERED ACCOUNTS





TORONTO, CANADA
August 26, 1999



<PAGE>4





                          TREASURY INTERNATIONAL, INC.
                       INTERIM CONSOLIDATED BALANCE SHEET
                              AS AT APRIL 30, 1999
                                   (UNAUDITED)

<TABLE>
<S>                                                          <C>                          <C>


ASSETS


                                                                       April 30,                    January 31,
                                                                         1999                         1999
                                                                      ----------                   -----------
CURRENT
         Bank                                                            $  3,707               $        19,956
         Accounts receivable (Note 3)                                     850,000                       850,000
         Due from Wexcap Group, LLC                                         3,000                             -
         Sundry assets                                                      1,770                         3,098
                                                                 -------------------           -------------------

                                                                          858,477                       873,054

PROMISSORY NOTE RECEIVABLE (Note 3)                                     4,000,000                     4,000,000


capital assets (Notes 2 and 4)                                              6,588                         6,935
                                                                 -------------------           -------------------
                                                                      $ 4,865,065                   $ 4,879,989
                                                                 ===================           ===================




LIABILITIES


current
         Accounts payable and accrued liabilities                         129,862                        83,807
         Current portion of long-term debt (Note 5)                     1,240,602                     1,240,602
                                                                 -------------------           -------------------

                                                                       $1,370,464                    $1,324,409
                                                                 ===================           ===================


SHAREHOLDERS' EQUITY


SHARE CAPITAL
         Authorized
              100,000,000 common shares at $.0001
         Issued
              88,320,677 common shares                                      8,832                         8,832
         Contributed surplus (Note 7)                                   4,455,076                     4,455,076

DEFICIT                                                                  (969,307)                     (908,328)
                                                                 -------------------           -------------------

                                                                        3,494,601                     3,555,580
                                                                 -------------------           -------------------

                                                                       $4,865,065                    $4,879,989
                                                                 ===================           ===================
</TABLE>



<PAGE>5



                          TREASURY INTERNATIONAL, INC.
                    INTERIM CONSOLIDATED STATEMENT OF DEFICIT
                        THREE MONTHS ENDED APRIL 30, 1999
                                   (UNAUDITED)

<TABLE>
<S>                                                                <C>                         <C>


                                                                        April 30,                  April 30,
                                                                           1999                       1998
                                                                       -----------                 ---------


Balance, beginning of period                                            $(908,328)                 $(3,066,963)

Net loss for the period                                                   (60,979)                     (24,095)
                                                                 --------------------         --------------------



Balance, end of period                                                 $ (969,307)                 $(3,091,058)
                                                                 ====================         ====================

</TABLE>



<PAGE>6



                          TREASURY INTERNATIONAL, INC.
                  INTERIM CONSOLIDATED STATEMENT OF OPERATIONS
                     THREE MONTH PERIOD ENDED APRIL 30, 1999
                                   (UNAUDITED)

<TABLE>
<S>                                                                   <C>                      <C>

                                                                           April 30,                 April 30,
                                                                             1999                       1998
                                                                           ---------                 ---------

REVENUE                                                                   $          -          $      1,108,363

COST OF GOODS SOLD                                                                   -                   923,590
                                                                        ----------------        ------------------

GROSS PROFIT                                                                         -                   184,773
                                                                        ----------------        ------------------

EXPENSES

         General and administrative                                             60,979                   172,737
                                                                        ----------------        ------------------

INCOME (LOSS) FROM OPERATIONS                                                   60,979                    12,036
                                                                        ----------------        ------------------

before under noted items

         Financial                                                                   -           $        36,131
                                                                        ----------------        ------------------


NET LOSS                                                                 $      60,979           $        24,095
                                                                        ================        ==================



Earnings per share                                                       $        0.00            $        0.00

                                                                        ================        ==================

Weighted average number of common shares outstanding                        88,320,677                34,594,427
                                                                        ================        ==================
</TABLE>



<PAGE>7



                          TREASURY INTERNATIONAL, INC.
        INTERIM CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
                     THREE MONTH PERIOD ENDED APRIL 30, 1999
                                   (UNAUDITED)


<TABLE>
<S>                                                     <C>                 <C>              <C>

                                                              COMMON             PAID-IN          CONTRIBUTED
                                                              SHARES             CAPITAL            SURPLUS
                                                          ----------------    -------------    -------------------
Balance-January 31, 1999                                      88,320,677            $ 8,832          $4,455,076

No shares of common issued during period                               -                  -                   -
                                                          ----------------    -------------    -------------------

Balance-April 30, 1999                                        88,320,677            $ 8,832         $ 4,455,076
                                                          ================    =============    ===================

</TABLE>


<PAGE>8



                          TREASURY INTERNATIONAL, INC.
                  INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS
                     THREE MONTH PERIOD ENDED APRIL 30, 1999
                                   (UNAUDITED)


<TABLE>
<S>                                                                       <C>                      <C>
                                                                           April 30,                 April 30,
                                                                             1999                       1998
                                                                           ---------                 ---------
Cash flows from operating activities

         Net income (loss)                                                $    (60,979)         $        (24,095)

         Adjustment  to  reconcile  net  loss  to net  cash
         used  in  operating activities

         Amortization                                                              347                    58,610

         Decrease in accounts receivable                                             -                    13,005

         Increase in inventories                                                     -                  (109,206)

         Decrease in sundry assets                                               1,328                    42,137

         Increase (Decrease) in accounts payable                                46,055                  (169,554)

         Increase in amount due from Wexcap Group                                3,000                         -
                                                                        ----------------        ------------------

Net cash used for operating activities                                         (16,249)                 (189,103)
                                                                        ----------------        ------------------

Cash flows from financing activities
         Long-term debt                                                              -                   (25,531)
         Proceeds on issue of common shares                                          -                   112,525
                                                                        ----------------        ------------------

Cash provided by financing activities                                                -                    86,994
                                                                        ----------------        ------------------

Cash flows from investing activities
         Purchase of capital assets                                                  -                     1,492
                                                                        ----------------        ------------------

Cash used for investing activities                                                   -                     1,492
                                                                        ----------------        ------------------

Increase in bank indebtedness                                                  (16,249)                 (103,601)

Cash (bank indebtedness), beginning of period                                   19,956                  (492,012)
                                                                        ----------------        ------------------

Cash (bank indebtedness), end of period                                  $       3,707          $       (595,613)
                                                                        ================        ==================
</TABLE>




<PAGE>9



                          TREASURY INTERNATIONAL, INC.
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
                              AS AT APRIL 30, 1999


1.       Nature of business

       Treasury  International,  Inc. is a holding  company which was
       incorporated on August 18, 1995 in the State of Delaware.

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 its  wholly-owned
              subsidiaries,  Megatran  Investments  Ltd. and Mega Blow  Moulding
              Limited, from November 1, 1996 to November 30, 1998, which was the
              date Mega Blow Moulding Limited was sold.

(b)      Capital assets

              Capital assets are recorded at cost less accumulated amortization.
              Amortization is provided as follows:

                    Office equipment - 20% diminishing balance

(c)      Revenue recognition

              Revenue is  recognized  when  customers  are invoiced for products
              shipped by the Company.

(d)      Income per share

              Income  per  share is  calculated  based on the  weighted  average
              number of shares outstanding during the period of 88,320,677.

(e)      General

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

3.

<PAGE>10



Promissory note receivable

       The  promissory  note  receivable  was due May 31,  1999 in the amount of
       $4,000,000.  There  was a note  also due May 31,  1999 in the  amount  of
       $850,000 as a result of the sale of Mega Blow Moulding  Limited  relating
       to the repayment of the inter-company payable and bank debt.

       Further to the Stock  Purchase  Agreement,  dated  August 11,  1998,  the
       Company agreed to extend the due date of the notes to September 10, 1999.


4.       Capital assets
<TABLE>
<S>                                   <C>                    <C>                 <C>           <C>
                                                              April 30                             January 31
                                                                1999                                  1999
                                        -----------------------------------------------------    ---------------
                                                              Accumulated         Net book          Net book
                                             Cost            Amortization          value             value
                                        ---------------     ----------------    -------------    ---------------

      Office equipment                       $18,314              $11,726          $ 6,588             $ 6,935
                                        ---------------     ----------------    -------------    ---------------


                                             $18,314              $11,726          $ 6,588              $6,935
                                        ===============     ================    =============    ===============
</TABLE>


5.       Current portion of long term debt

       The  current  portion of  long-term  debt  includes an amount owed to the
       Company's former subsidiary Mega Blow Moulding Limited.

6.       Income taxes

       As at April 30, 1999 the Company had a net  operating  loss  carryover of
       approximately $2,684,000 expiring in various years through 2014.

7.       Contributed surplus

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



<PAGE>11



ITEM 2. Management's Discussion and Analysis or Plan of Operation

Overview

     The  information  contained  in this 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 acquiring other
organizations  and  thereby  creating  resultant  synergies,  enhanced  business
development  opportunities and strengthened  management structures for its other
business assets.

     On November 30, 1998,  Treasury sold its only  operating  subsidiary,  Mega
Blow  Mouldings  Limited  ("MBML").  In  exchange  for its  interest in MBML the
Company  received a  non-refundable  deposit of $250,000,  a promissory  note of
$4,000,000  and the release of  Treasury's  as guarantor  for MBML's debt at the
Royal Bank of Canada. The promissory note is due on September 10, 1999, the date
to which management has agreed to extend the original due date of May 31, 1999.

     On May 7, 1999,  Treasury  completed  the  purchase of Pioneer  Media Group
("Pioneer"), a company that provides technology based marketing solutions (print
and Internet catalogs and end to end e-commerce enterprise  solutions),  digital
asset  management and creative  design for business to business  communications.
Pioneer  is also  involved  in the  development  of  Internet  based  enterprise
commerce  solutions that allow companies to link their trading  partners as well
as integrate internal applications on a variety of networks and platforms.

     Pioneer has built a proprietary  database of product information  regarding
over  300 of  the  leading  manufacturers  of  industrial  products.  From  this
database,  Pioneer publishes print,  CD-ROM and Internet based catalog solutions
for its  industrial  customers  located  across  Canada.  Pioneer  receives  and
reproduces  information for the database,  using the latest technology tools, in
the format required for the target publishing media.  Pioneer is responsible for
the maintenance of the electronic  information and the output applications.  All
printing and CD replication is outsourced through 3rd party sources with Pioneer
providing all pre-press and authoring services.

     Pioneer also builds dynamic web sites which enable Internet users to access
the information available from a company's print catalog. Efficiencies are built
into the publishing process using a single database to serve information to each
publishing  media.  Management  believes  that the  strength  of  Pioneer is its
ability  to  provide  customers  with a complete  end-to-end  print,  CD-ROM and
Internet   publishing   solution.   Pioneer's  current  target  markets  include
distributors and manufacturers of industrial,  maintenance repair and operation,
fastener, fluid power, power transmission,  electrical,  plumbing,  occupational
health and safety products.

<PAGE>12



     During the next 12 to 24 months, Treasury intends to continue its expansion
goals. The Company's acquisition strategy includes the following 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. To increase its future  subsidiaries' market share, the
Company  will seek to acquire key  competitors  or  companies  having  important
products and synergies with existing company operations.  Present operations are
also planned to be  streamlined  in order to reduce costs during this  important
growth phase.

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


(1)  INTERIM PERIODS
     Result of Operations
     For the three months ended April 30, 1999.


     During the three  months  period  ended  April 30,  1999 the Company had no
sales of  products  or  services.  The  decrease  in sales is the  result of the
disposition  of MBML,  the  Company's  only  operating  subsidiary.  The Company
experienced  a net loss of $60,979 in the three  month  period  ended  April 30,
1999,  compared to a net loss of $24,095 in the three month  period  ended April
30, 1998. Principally this amount is the result of professional fees, compliance
reporting and  restructuring  expenses related to the ongoing  administration of
the public company.

     Operating,  general and  administrative  expenses in the three month period
ended April 30, 1999 were  $60,979,  representing  a 65% decrease  from the same
period in the previous year.

     The Company will continue to reduce operating,  general and  administrative
expenses during this transitional phase.



     Liquidity and Capital Resources

     The Company's  management is developing a business plan that summarizes its
business  strategy.  The plan details the Company's  entry into new and emerging
e-commerce initiatives through Pioneer Media Group, its wholly owned subsidiary.
Management  believes  the future for  Treasury is its ability to  capitalize  on
emerging  technologies  that  link  trading  partners  in end to end  enterprise
commerce solutions.

     Current assets totalled  $858,477 at April 30, 1999 compared to $873,054 at
January  31,  1999.  At April  30,  1999,  the  Company  had  $3,707 in cash and
short-term  deposits and a note  receivable for $850,000 from the disposition of
MBML.  The  Company  also holds a  promissory  note from the  purchasers  of its
subsidiary in the amount of $4,000,000.  This promissory note was due on May 31,
1999  but  the  Company's  management  agreed  to  extend  the  due  date of the
promissory note to September 10, 1999.

     Current  liabilities  totalled  $1,370,464  at April 30,  1999  compared to
$1,324,409  at January  31,  1999.  As of April 30,  1999 the  Company  remained
guarantor to MBML and its banker,  the Royal Bank of Canada, to a maximum amount
of $850,000;  negotiated as part of the sale of MBML. This amount is included in
the current  portion of  long-term  debt (Note 5) of the  financial  statements.


<PAGE>13


Where the amount due on the  completion  date of the  Prommissory  Note and Note
Receivable  is to be paid to retire  the  long-term  debt with the Royal Bank of
Canada.

     The Company  believes it will generate  sufficient  positive cash flow from
operations to meet its operating  requirements  for the next twelve months.  The
primary  sources of liquidity for the Company are the funds  generated  from the
sale of Mega Blow.  However,  there can be no assurance that the Company will be
able to realize on its promissory and notes receivables and therefore be able to
repay its debts. If the funds  available after the existing  promissory and note
receivables,  together  with  its  current  cash and  cash  equivalents  are not
sufficient to meet the Company's cash 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

                    27.01 - Financial Data Schedule

              (b)   Reports on Form 8-K.  None





<PAGE>14






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:  August 30, 1999           By  /s/ DALE DONER
                                          _____________________________________
                                          Dale Doner, President







Dated:  August 30, 1999           By /s/ MARLIN DONER
                                         ______________________________________
                                         Marlin Doner, Chief Financial Officer