SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                           --------------------------

                                   FORM 10-QSB

                   Quarterly Report under Section 13 or 15 (d)
                     of the Securities Exchange Act of 1934

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

For the Quarter Ended:                            Commission File Number
   June 30, 2003                                       0 - 9574

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


                         UNITED SYSTEMS TECHNOLOGY, INC.

        Iowa                                            42-1102759
(State of Incorporation)                             (I.R.S. Employer
                                                  Identification Number)

                           1850 Crown Road, Suite 1109
                               Dallas, Texas 75234
                                 (972) 402-8600

          (Address of principal executive offices and telephone number)

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

     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the  Securities  Exchange Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

                       Yes __X__        No ______



     As of June 30, 2003 there were 56,178,663 shares of the registrant's Common
Stock, par value $0.10 per share, outstanding.


<PAGE>

                UNITED SYSTEMS TECHNOLOGY, INC. AND SUBSIDIARIES

                              INDEX TO FORM 10-QSB



PART I - FINANCIAL INFORMATION (UNAUDITED)                         PAGE
------------------------------------------

Item 1. Consolidated Financial Statements

         Balance Sheets                                             3

         Statements of Income                                       4

         Statements of Cash Flows                                   5

         Notes to Consolidated Financial Statements                 6


Item 2. Management's Discussion and Analysis or
         Plan of Operation                                          9

Item 3. Controls and Procedures                                    10


PART II - OTHER INFORMATION                                        12
---------------------------


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


     These consolidated  financial statements should be read in conjunction with
the notes to the  consolidated  financial  statements  which are included in the
annual report on Form 10-KSB for the fiscal year ended December 31, 2002.


                                        2

<PAGE>


                 United Systems Technology, Inc. and Subsidiary
                          Consolidated Balance Sheets

<TABLE>
<S>                                               <C>              <C>
                                                June 30,
                                                  2002         December 31,
                                               (Unaudited)        2002
                                               ===========     ===========

Current Assets
 Cash and cash equivalents                     $ 2,274,247    $  1,800,798
 Trade accounts receivable, less allowance
  for doubtful accounts of $34,500 at
  June 30, 2003 and December 31, 2002              334,720       1,118,885
                                                 ---------       ---------
 Total current assets                            2,608,967       2,919,683
                                                 ---------       ---------

Property and equipment, net                        209,122         150,049
Goodwill, net                                      483,842         483,842
Purchased software, net                            663,807         679,603
Deposits and other                                  30,257          16,121
                                                 ---------       ---------
                                                 1,387,028       1,329,615
                                                 ---------       ---------

    Total assets                               $ 3,995,995    $  4,249,298
                                                 =========       =========

Liabilities and Stockholders' Equity
Current Liabilities
 Trade accounts payable                        $    44,602    $     60,732
 Accrued payroll                                    83,887         313,259
 Other accrued expenses                             68,089         157,936
 Deferred revenue                                1,110,359       1,511,637
                                                 ---------       ---------
    Total current liabilities                    1,306,937       2,043,564
                                                 ---------       ---------

    Total liabilities                            1,306,937       2,043,564
                                                 ---------       ---------

Commitments and contingencies                         -               -

Stockholders' Equity
 Preferred stock, convertible, voting,
  cumulative, par value $.10 per share;
  authorized 5,000,000 shares; issued and
  outstanding,500,000 shares of Series B
  and 300,000 shares of Series E, aggregate
  liquidating preference of $800,000
  ($1.00 per share)                                 80,000          80,000
 Common stock, par value $.10 per share;
  authorized 100,000,000 shares; issued
  and outstanding 56,178,663 at June 30,
  2003 and December 31, 2002                     5,617,866       5,617,866
 Additional paid-in capital                      2,825,554       2,825,554
 Accumulated deficit                            (6,092,252)     (6,243,257)
 Currency translation adjustments                  257,890         (74,429)
                                                 ---------       ---------
Total stockholders' equity                       2,689,058       2,205,734
                                                 ---------       ---------
Total liabilities and stockholders' equity     $ 3,995,995    $  4,249,298
                                                 =========       =========
</TABLE>

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

                                        3

<PAGE>

                 United Systems Technology, Inc. and Subsidiary
                        Consolidated Statements of Income
                                  (Unaudited)
<TABLE>
<S>                                    <C>        <C>         <C>      <C>

                                     Three Months Ended      Six Months Ended
                                           June 30,              June 30,
                                      2003       2002        2003      2002
                                      ====       ====        ====      ====
Revenue
 Software packages                 $  93,917  $ 175,036  $  201,151 $ 327,886
 Installation, training and
  customer support                    86,741     93,088     253,907   236,203
 Maintenance                         539,320    497,625   1,085,942   990,323
 Equipment and supplies sales         78,405     49,416     173,264   136,958
 Other                                   640        945         811       970
                                   ---------  ---------   --------- ---------
                                     799,023    816,110   1,715,075 1,692,340
                                   ---------  ---------   --------- ---------
Costs and expenses
 Salaries                            469,628    420,492     950,473   823,394
 Other general, administrative
  and selling expense                187,279    199,363     396,080   387,679
 Depreciation and amortization        63,711     49,170     123,101    95,923
 Commissions                          10,795     24,826      24,230    41,501
 Cost of equipment and supplies sold  41,080     23,694      97,511    75,641
                                   ---------  ---------   --------- ---------
                                     772,493    717,545   1,591,395 1,424,138
                                   ---------  ---------   --------- ---------
Income (loss) from operations         26,530     98,565     123,680   268,202
                                   ---------  ---------   --------- ---------
Nonoperating income (expense)
 Interest expense                       -          (214)       -         (426)
 Interest income                      15,404      7,270      27,325    13,726
                                   ---------  ---------   --------- ---------
                                      15,404      7,056      27,325    13,300
                                   ---------  ---------   --------- ---------

Net income                            41,934    105,621     151,005   281,502

Preferred stock dividend
 requirements                        (13,960)   (13,960)    (27,920)  (27,920)
                                   ---------  ---------   --------- ---------
Income (loss) available for
 common stockholders               $  27,974  $  91,661  $  123,085 $ 253,582
                                   =========  =========   ========= =========
Net income per common share
- basic and diluted                $   NIL    $   NIL    $    NIL   $   NIL
                                   =========  =========   ========= =========

Weighted average number of
 common shares outstanding
  Basic                           56,178,663 56,178,663  56,178,663 56,178,663
                                  ========== ==========  ========== ==========
  Diluted                         58,324,496 61,967,552  59,090,865 61,967,552
                                  ========== ==========  ========== ==========
</TABLE>

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

                                       4
<PAGE>

                 United Systems Technology, Inc. and Subsidiary
                     Consolidated Statements of Cash Flows
             For the Six Month Period Ended June 30, 2003 and 2002
                                   (Unaudited)
<TABLE>
<S>                                               <C>             <C>

                                                  2003            2002
                                               ===========     ===========
Cash flows in operating activities:
  Net income                                   $   151,505    $    281,502

  Adjustments to reconcile net income to
   net cash provided by operating activities:
    Depreciation and amortization                  123,101          95,923
    Change in operating assets and liabilities,
     net of effects of acquisitions:
      Accounts receivable                          784,165         483,012
      Deposits and other                           (14,135)          6,689
      Accounts payable                             (16,130)         33,476
      Accrued expenses                            (319,219)        (84,706)
      Deferred revenue                            (401,278)       (424,977)
                                                 ---------       ---------
                                                   156,504         109,417
                                                 ---------       ---------
Net cash provided from operating activities        308,009         390,919
                                                 ---------       ---------

Cash flows from investing activities:
 Property and equipment additions                 (166,879)        (27,253)
 Acquisition of businesses                            -           (213,886)
                                                 ---------       ---------
Net cash used in investing activities              (92,450)       (241,139)
                                                 ---------       ---------

Effect of exchange rate changes on cash            322,319           5,934
                                                 ---------       ---------

Increase in cash and cash equivalents              473,449         155,714
Cash and cash equivalents, beginning of period   1,800,798       1,383,173
                                                 ---------       ---------

Cash and cash equivalents, end of period       $ 2,274,247    $  1,538,887
                                                 =========       =========
</TABLE>

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

                                        5

<PAGE>

                UNITED SYSTEMS TECHNOLOGY, INC. AND SUBSIDIARIES
                   Notes To Consolidated Financial Statements
                                   (Unaudited)
Note 1.  Basis of Presentation:

     In the  opinion of  management,  the  accompanying  unaudited  consolidated
statements  contain  all  adjustments   (consisting  of  only  normal  recurring
accruals)  necessary to present fairly the  consolidated  financial  position of
United Systems Technology, Inc. (the "Company") as of June 30, 2003 and December
31,  2002 and the  results of  operations  and cash flows of the Company for the
three and six months ended June 30, 2003 and 2002. The  consolidated  results of
operations for the three and six months ended June 30, 2003 are not  necessarily
indicative of the results to be expected for the full year.

     The  Company  recognizes  software  revenue  in  accordance  with SOP 97-2,
Software Revenue Recognition,  as amended by SOP 98-9, Modification of SOP 97-2,
Software Revenue Recognition, with Respect to Certain Transactions.  Under these
guidelines,  the Company  recognizes  revenue on transactions  where  persuasive
evidence of an arrangement exists, title has transferred, product payment is not
contingent upon performance of installation or service obligations, the price is
fixed  or  determinable  and  payment  is  reasonably   assured.   Revenue  from
installation,  training and customer  support is deferred and  recognized in the
period in which the services are  provided.  Revenue from  contracts to maintain
computer  software  products is  deferred  and  recognized  over the term of the
contracts.  The  Company  does  not  have  revenue  arrangements  with  multiple
deliverables.

Note 2.  Preferred Stock:

     The  Company is in arrears in the  payment of  dividends  to holders of its
Series B and E Preferred  Stock Holders of Series B Preferred Stock are entitled
to annual  dividends of $.07 per share,  payable  quarterly  and, as of June 30,
2003 the 500,000 outstanding shares of Series B preferred stock were entitled to
be  converted  into  5,080,780  shares of  common  stock  and were  entitled  to
5,080,780 votes on all matters submitted to a vote of stockholders.  At June 30,
2003 cumulative dividends of approximately $516,155 were in arrears.  Holders of
Series E Preferred  Stock are  entitled to annual  dividends  of $.07 per share,
payable  quarterly  and, as of June 30, 2003 the 300,000  outstanding  shares of
Series E preferred stock were entitled to be converted into 2,766,755  shares of
common stock and were entitled to 2,766,755 votes on all matters  submitted to a
vote of  stockholders.  At June 30, 2003 cumulative  dividends of  approximately
$253,150 were in arrears.

     In May 2003,  the FASB issued SFAS 150,  Accounting  for Certain  Financial
Instruments  with  Characteristics  of Both Liabilities and Equity ("SFAS 150").
The provisions of SFAS 150 will be effective for interim periods beginning after
June 15, 2003.  The Company has  evaluated  the effects  SFAS 150 and  concluded
that, the adoption of SFAS 150 will not have a material  impact on its financial
statements.
                                        6

<PAGE>

                UNITED SYSTEMS TECHNOLOGY, INC. AND SUBSIDIARIES
                   Notes To Consolidated Financial Statements
                                   (Unaudited)

Note 3.  Earnings Per Share:
<TABLE>
<S>                               <C>        <C>             <C>       <C>

     The  following  table  sets  forth the  computation  of basic  and  diluted
earnings per share:
                               Three Months Ended           Six Months Ended
                                     June 30,                   June 30,
                                2003         2002          2003         2002
                                ----         ----          ----         ----

 Income allocable to
  common stockholders          $ 41,934    $ 105,621      $ 151,005   $ 281,502
 Weighted average
  shares outstanding - basic 56,178,663   56,178,663     56,178,663  56,178,663
 Effect of dilutive stock
  options and warrants        2,145,833    5,788,889      2,912,202   5,788,889
                             ----------   ----------     ----------  ----------

  Weighted average shares
   outstanding - diluted     58,324,496   61,967,552     59,090,865  61,967,552
                             ==========   ==========     ==========  ==========

  Income per common
   share - basic              $   NIL      $   NIL       $   NIL     $   NIL
                                  ===          ==            ===         ===
  Income per common
   share - diluted            $   NIL      $   NIL       $   NIL     $   NIL
                                  ===          ===           ===         ===
</TABLE>

     In 2003 and 2002,  the  assumed  conversion  of the  Company's  convertible
preferred  stock was excluded from the  computation  of diluted income per share
because its effect would be antidilutive. In 2003 and 2002, warrants to purchase
75,000 shares of the Company's  common stock were excluded from the  computation
of diluted income per share because the effect would be antidilutive


Note 4.  Comprehensive Income:

         Comprehensive income is as follows:
<TABLE>
<S>                              <C>         <C>            <C>        <C>

                               Three Months Ended           Six Months Ended
                                     June 30,                   June 30,
                                2003         2002          2003         2002
                                ----         ----          ----         ----

         Net income         $  41,934     $ 105,621     $ 151,005    $ 281,502
         Currency
          translation
          adjustments         143,837        14,123       332,319        5,934
                             ---------    ---------     ---------    ---------
         Comprehensive
          income            $ 185,771     $ 119,744     $ 483,324    $ 287,436
                             ---------    ---------     ---------    ---------

</TABLE>


                                        7

<PAGE>

                UNITED SYSTEMS TECHNOLOGY, INC. AND SUBSIDIARIES
                   Notes To Consolidated Financial Statements
                                   (Unaudited)

Note 5.  Stock-Based Compensation

     The Company has two stock-based employee compensation plans and applies APB
Opinion 25,  Accounting for Stock Issued to Employees - Related  Interpretations
in accounting for these plans..  The following  table  illustrates the effect on
net income and  earnings  per share if the  Company  had  applied the fair value
recognition  provisions  for FASB  Statement  123,  Accounting  for  Stock-Based
Compensation, using the assumptions described below.
<TABLE>
<S>                              <C>         <C>             <C>        <C>

                               Three Months Ended           Six Months Ended
                                     June 30,                   June 30,
                                2003         2002          2003         2002
                                ----         ----          ----         ----
Income allocable to
 common stockholders        $  27,974     $  91,661     $ 123,085    $ 253,582

Deduct: Total stock-based
     employee compensation
     expense determined
     under fair market value
     based method, net of
     related tax effects       30,950        30,950        61,900       61,900
                             ---------    ---------     ---------    ---------
Pro forma net income (loss) $  (2,976)    $  60,711     $  61,185    $ 191,682
                             ---------    ---------     ---------    ---------

Earnings per share:
Basic and diluted
 - as reported                 $ NIL       $ NIL          $ NIL        $ NIL
Basic and diluted
 - pro forma                   $ NIL       $ NIL          $ NIL        $ NIL

</TABLE>

Note 6.  Income Taxes

     The  Company has not  provided  for income  taxes  during the three and six
months ended June 30, 2002 and 2003 due to the  utilization  of  available  loss
carryforwards  that  have  offset  any  taxable  income  generated.   Sufficient
uncertainty  exists with respect to the  utilization  of our deferred tax assets
and we have provided a full valuation  allowance on our net deferred tax assets.
At  December  31,  2002,  the  Company  has  United  States net  operating  loss
carryforwards  of  approximately  $1,192,000  and  Canadian net  operating  loss
carryforwards of approximately  $400,000.  These carryforwards  expire from 2008
through  2011.  Additionally,  the Company has  approximately  $71,000 in unused
general  business tax credits  available to directly  offset  future  income tax
liabilities  and  $624,000 in capital  loss  carryforwards  available  to offset
future capital gains.

                                                8

<PAGE>

           UNITED SYSTEMS TECHNOLOGY, INC. AND SUBSIDIARIES

Item 2.  Management's Discussion and Analysis of Financial Condition
         or Plan of Operation

Results of Operations

     The  Company  derives  its  revenue  from  the  licensing  of its  software
packages,   installation,   training  and  custom   modifications,   maintenance
agreements and equipment  sales and  commissions.  Results of operations for the
three months ended June 30, 2003 include  revenues of $799,023 and net income of
$41,934 as compared to revenues of $816,110  and net income of $105,621  for the
same period in 2002.  Results of  operations  for the six months  ended June 30,
2003 include  revenues of  $1,715,075  and net income of $151,005 as compared to
revenues of $1,692,340  and net income of $281,502 for the same six month period
in 2002.

     The Company has completed the development of several new software products,
which enhances the competitiveness of its comprehensive software offering. These
products are marketed under the asyst(R)  brand name,  were developed as Windows
applications  to "look  and work  like  Microsoft  Office",  and  include a Fund
Accounting  product line, a Utility Billing  product line, a General  Government
product line and a Public Safety product line. The Fund Accounting  product line
includes  General  Ledger,  Budget  XLence,  Report  XLence,  Accounts  Payable,
Accounts  Receivable,  Purchase Orders, Cash Receipts,  Payroll and Fixed Assets
modules.  The Utility Billing  product line includes  Utility  Billing,  Service
Orders,  Meter Reader  Interface,  Bank Drafts and Budget Billing  modules.  The
General Government  product line includes Master and Land Directories,  Business
and Animal  Licenses,  Code  Enforcement,  Building  Permits  and  Property  Tax
modules.  The Public Safety product line includes  Master Name Index,  Calls for
Service, Offense Reports,  Citations, State Interface,  Computer Aided Dispatch,
Jail Management, Alarm Billing and UCR Reports modules. The Company is currently
developing  additional  modules  for  its  asyst(R)  product  line to add to its
existing asyst(R) offerings  including an asyst(R) for Powersports product line.
The  asyst(R)  for  Powersports  product  line will  include  the core  asyst(R)
accounting modules and will have the additional  functionality of point of sale,
inventory, repair orders, finance and insurance and fiche interface.

Three Month Period Ended June 30, 2003 and 2002
-----------------------------------------------

     The Company's  total  revenue  decreased  from  $816,110  during the second
quarter in 2002 to $799,023 in 2003.  Software  license fees  decreased 46% from
$175,036 in 2002 to $93,917 in 2003.  This  decrease  resulted from a lower than
anticipated  sales  to new  accounts  during  2003.  Installation  and  training
revenue,  which  does not  necessarily  change  in direct  correlation  with the
licensing of the Company's software products,  decreased 7% from $93,088 in 2002
to  $86,741  in 2003 due,  in part,  to an  decrease  in  services  provided  to
customers that licensed products in 2003.  Maintenance revenue increased 8% from
$497,625  in 2002 to  $539,320  during  2003,  due  primarily  to an increase in
revenue from the asyst(R) product line and customers  acquired by the Company in
2002. Equipment and supplies sales increased 59% from $49,416 in 2002 to $78,405
in 2003 as a result of an  increase  in the  volume of  computer  equipment  and
supplies sold in conjunction with its software products.

                                        9
<PAGE>

     Total costs and expenses  increased 8% from $717,545 in 2002 to $772,493 in
2003.  Salary  expense  increased 12% from $420,492 in 2002 to $469,628 in 2003,
due in part, from the addition of employees related to previous acquisitions and
through the growth of the sales staff during the previous  year.  Other general,
administrative  and  selling  expenses  decreased  6% from  $199,363  in 2002 to
$187,279 in 2003, due in part, to a decrease in legal expenses. Depreciation and
amortization  expense  increased 30% from $49,170 in 2002 to $63,711 in 2003 due
to  increased  expense  related to the  addition  of assets  related to the 2002
acquisitions.  Commission  expense decreased 57% from $24,826 in 2002 to $10,795
in 2003 due to a decrease in revenue from which commissions are earned.  Cost of
equipment  and supplies  sold  increased  73% from $23,694 in 2002 to $41,080 in
2003 as a result of an increase in the volume of computer equipment and supplies
sold in conjunction with its software products.

Six Month Period Ended June 30, 2003 and 2002
---------------------------------------------

     The Company's total revenue increased from $1,692,340 during the six months
ended June 30, 2002 to $1,715,075 during the comparable period in 2003. Software
license  fees  decreased  39% from  $327,886 in 2002 to  $201,151 in 2003.  This
decrease  resulted from a lower than  anticipated  sales to new accounts  during
2003.  Installation and training revenue,  which does not necessarily  change in
direct  correlation  with the  licensing  of the  Company's  software  products,
increased  7% from  $236,203 in 2002 to  $253,907  in 2003 due,  in part,  to an
decrease  in services  provided to  customers  that  licensed  products in 2003.
Maintenance  revenue  increased 10% from $990,323 in 2002 to $1,085,942 in 2003,
due  primarily  to an increase in revenue  from the  asyst(R)  product  line and
customers  acquired  by the  Company  in  2002.  Equipment  and  supplies  sales
increased  27% from  $136,958  in 2002 to  $173,264  in 2003 as a  result  of an
increase in the volume of computer  equipment and supplies  sold in  conjunction
with its software products.

     Total  costs  and  expenses  increased  12%  from  $1,424,138  in  2002  to
$1,591,395  in 2003.  Salary  expense  increased  15% from  $823,394  in 2002 to
$950,473  in 2003,  due in part,  from the  addition  of  employees  related  to
previous  acquisitions  and  through  the growth of the sales  staff  during the
previous year. Other general,  administrative  and selling expenses increased 2%
from $387,379 in 2002 to $396,080 in 2003. Depreciation and amortization expense
increased 28% from $95,923 in 2002 to $123,101 in 2003 due to increased  expense
related to the addition of assets related to the 2002  acquisitions.  Commission
expense  decreased 42% from $41,501 in 2002 to $24,230 in 2003 due to a decrease
in revenue from which  commissions  are earned.  Cost of equipment  and supplies
sold  increased  29% from  $75,641  in 2002 to $97,511 in 2003 as a result of an
increase in the volume of computer  equipment and supplies  sold in  conjunction
with its software products.

                                       10
<PAGE>

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

     The Company had net cash  provided  from  operating  activities of $308,009
during the six months ended June 30, 2003,  as compared to net cash  provided by
operations  of  $390,919  for the same  period in 2002.  This  decrease  in cash
provided in 2003 was primarily from lower results of operations during the first
six  months  of 2003. Net cash of  $166,879  was  utilized  in 2003 for  capital
acquisitions.

     Management  believes that its ability to generate  positive cash flows from
operations,  in addition to its existing cash balances, will be adequate to meet
its working capital requirements in the next 12 months.

     The Company is  currently in arrears in the payment of dividends to holders
of its preferred  stock.  As of June 30, 2003,  dividends were in arrears on the
Series B  preferred  stock in the amount of  $516,155  and on Series E preferred
stock in the amount of $253,150.

Forward-Looking Statements
--------------------------

     This report  contains  forward-looking  statements,  other than  historical
facts,  which  reflect the view of Company's  management  with respect to future
events.  Such  forward-looking  statements are based on assumptions  made by and
information currently available to the Company's management. Although management
believes that the expectations reflected in such forward-looking  statements are
reasonable,  it can give no assurance that such  expectations will prove to have
been  correct.  Important  factors  that could  cause  actual  results to differ
materially from such expectations  include,  without limitation,  the ability of
the Company i) to generate  levels of revenue and  adequate  cash flows from its
operations to support and maintain its current cost structure and ii) to develop
and deliver products that are  competitive,  accepted by its markets and are not
rendered  obsolete  by  changing  technology.   The  forward-looking  statements
contained  herein  reflect the current  views of the Company's  management  with
respect to future  events  and are  subject to these  factors  and other  risks,
uncertainties and assumptions relating to the operations,  results of operations
and  financial  position of the Company.  The Company  assumes no  obligation to
update the  forward-looking  statements or to update the reasons  actual results
could differ from those contemplated by such forward-looking statements.


Item 3.  Controls and Procedures

     Within the 90 days prior to the date of this  report,  the Company  carried
out an  evaluation,  under the  supervision  and with the  participation  of the
Company's management,  including the Company's Chief Executive Officer and Chief
Financial  Officer,  of the  effectiveness  of the design and  operation  of the
Company's  disclosure  controls  and  procedures  pursuant to Exchange  Act Rule
13a-14.  Based upon that evaluation,  the Company's Chief Executive  Officer and
Chief Financial  Officer have concluded that the Company's  disclosure  controls
and  procedures  are effective in timely  alerting them to material  information
relating to the Company (including its consolidated subsidiaries) required to be
included in the  Company's  periodic SEC  filings.  The Company has not made any
significant  changes  to its  disclosure  controls  and  procedures  or in other
factors that could  significantly  affect its disclosure controls and procedures
subsequent to the date of the evaluation described above.

                                       11

<PAGE>

Part II - Other Information

Item 1.  Legal Proceedings

     The Company is a defendant in various legal actions, which arose out of the
normal course of business.  In the opinion of management,  none of these actions
are expected to have a material effect on the consolidated results of operations
or financial position of the Company.

Item 2.  Change In Securities

         Not Applicable

Item 3.  Defaults Upon Senior Securities

     The  Company is in arrears in the  payment of  dividends  to holders of its
Series B and E Preferred Stock. Holders of Series B Preferred Stock are entitled
to annual  dividends of $.07 per share,  payable  quarterly  and, as of June 30,
2003, are entitled to the payment of approximately $516,155 in dividends,  which
are  currently in arrears.  Holders of Series E Preferred  Stock are entitled to
annual dividends of $.07 per share,  payable quarterly and, as of June 30, 2003,
are entitled to the payment of  approximately  $253,150 in dividends,  which are
currently in arrears.

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

     On June 25, 2003, the Company held its Annual Meeting of  Shareholders.  At
the meeting, the shareholders approved the following items:

         The following persons were elected as Directors of the Company:

                  Thomas E. Gibbs
                  Randall L. McGee
                  Earl H. Cohen
                  Scott Burri

     The  accounting  firm of Grant  Thornton  LLP was  selected as  independent
accountants for the Company.

                                       12
<PAGE>

Part II - Other Information [Cont'd]


Item 5.  Other Information

         Not Applicable

Item 6.  Exhibits and Reports on Form 8-K

        (a) Exhibits  99.1  Principal Executive Officer Certification
                      99.2  Principal Financial and Accounting Officer
                            Certification

        (b) No reports on Form 8-K were filed during the quarter for which
            this report is filed.


                                       13

<PAGE>

                                   Signatures


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


                                     United Systems Technology, Inc.


Date:  August 12, 2003               By: /s/  Thomas E. Gibbs
                                         --------------------
                                         Thomas E. Gibbs, President
                                          and Chairman of the Board
                                         (Principal Executive Officer)



Date:  August 12, 2003               By: /s/  Randall L. McGee
                                         ----------------------
                                         Randall L. McGee, Secretary
                                          and Treasurer
                                        (Principal Financial and
                                         Accounting Officer)


                                       14

<PAGE>

                                 Certifications

I, Thomas E. Gibbs, certify that:

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

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

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

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

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

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

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

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

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

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

     6. The registrant's  other certifying  officer and I have indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

Dated:  August 12, 2003            By: /s/ Thomas E. Gibbs
                                      --------------------
                                      Thomas E. Gibbs
                                      President and Chief Executive Officer
<PAGE>


I, Randall L. McGee, certify that:

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

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

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

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

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

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

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

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

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

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

     6. The registrant's  other certifying  officer and I have indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.


Dated:  August 12, 2003            By: /s/ Randall L. McGee
                                       --------------------
                                       Randall L. McGee
                                       Vice President and Chief Financial
                                        Officer

<PAGE>

                                  Exhibit 99.1


                            CERTIFICATION PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
                            (18 U.S.C. SECTION 1350)


     This  certification  is  furnished  solely  pursuant  to Section 906 of the
Sarbanes-Oxley  Act of 2002 and  accompanies  the  Quarterly  Report  of  United
Systems  Technology,  Inc.  (the  "Company") on Form 10-QSB for the period ended
June 30, 2003 (the "Report"). I, Thomas E. Gibbs, Principal Executive Officer of
the Company, hereby certify that, to the best of my knowledge:

     1. The Report fully  complies  with the  requirements  of Section  13(a) or
15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

     2. The information contained in the Report fairly presents, in all material
respect, the financial condition and results of the operations of the Company.



Date:  August 12, 2003             By: /s/  Thomas E. Gibbs
                                      ---------------------
                                      Thomas E. Gibbs, President
                                       and Chairman of the Board
                                      (Principal Executive Officer)


<PAGE>

                                  Exhibit 99.2


                            CERTIFICATION PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
                            (18 U.S.C. SECTION 1350)



     This  certification  is  furnished  solely  pursuant  to Section 906 of the
Sarbanes-Oxley  Act of 2002 and  accompanies  the  Quarterly  Report  of  United
Systems  Technology,  Inc.  (the  "Company") on Form 10-QSB for the period ended
June 30, 2003 (the  "Report").  I,  Randall L. McGee,  Principal  Financial  and
Accounting  Officer  of the  Company,  hereby  certify  that,  to the best of my
knowledge:

     1. The Report fully  complies  with the  requirements  of Section  13(a) or
15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

     2. The information contained in the Report fairly presents, in all material
respect, the financial condition and results of the operations of the Company.



Date:  August 12, 2003             By: /s/  Randall L. McGee
                                       ---------------------
                                      Randall L. McGee, Secretary
                                       and Treasurer
                                      (Principal Financial and
                                       Accounting Officer)





<PAGE>