U.S. SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                AMENDMENT NO. 1
                                       To
                                   FORM 10-QSB

(Mark One)

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

     For the quarterly period ended September 30, 2000

[ ]  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 0-29221

                      NEVTAH CAPITAL MANAGEMENT CORPORATION
         ---------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

           NEVADA                                                88-0308333
 ------------------------------                               -----------------
(State or other jurisdiction of                              (I.R.S. Employer
 incorporation of organization)                              Identification No.)


                          4400 PGA Boulevard, Suite 716
                        Palm Beach Gardens, Florida 33410
                     --------------------------------------
                    (Address of Principal Executive Offices)

                                 (561) 626-9901
                            -------------------------
                           (Issuer's telephone number)

                                       N/A
               --------------------------------------------------
              (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

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

            Class                       Outstanding as of February 1, 2001 2000
            -----                       ---------------------------------------
Common Stock, $.001 par value                         21,939,611


Transitional Small Business Disclosure Format (check one)

         Yes              No   X

<PAGE>


Part I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

The unaudited financial statements of Nevtah Capital Management Corporation (the
"Company")  reflect all  adjustments  which are,  in the opinion of  management,
necessary to present a fair  statement of the operating  results for the interim
period presented.




                                TABLE OF CONTENTS


                                                                        Page
                                                                        ----

Balance Sheet                                                            F-2

Statements of Operations                                                 F-3

Statement of Stockholders' Equity (Deficit)                           F-4 to F-5


Statements of Cash Flows                                                 F-6


Notes to Financial Statements                                        F-7 to F-10

                                       F-1


<PAGE>


                      NEVTAH CAPITAL MANAGEMENT CORPORATION
                          (A Development Stage Company)
                                  Balance Sheet

                                     ASSETS

                                                    September 30,  December 31,
                                                         2000          1999
                                                     -----------    -----------
                                                     (Unaudited)
CURRENT ASSETS

   Cash                                              $      --      $      --
                                                     -----------    -----------

     Total Current Assets                                   --             --
                                                     -----------    -----------

OTHER ASSETS

   Investments (Note 5)                                   26,674        154,374
                                                     -----------    -----------

     Total Other Assets                                   26,674        154,374
                                                     -----------    -----------

     TOTAL ASSETS                                    $    26,674    $   154,374
                                                     ===========    ===========


                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
                 ----------------------------------------------

CURRENT LIABILITIES

   Notes payable - related parties (Note 6)          $   146,899    $   451,070
   Accounts payable                                        2,949         11,443
   Accrued liabilities                                       460         11,340
                                                     -----------    -----------

     Total Current Liabilities                           150,308        473,853
                                                     -----------    -----------

STOCKHOLDERS' EQUITY (DEFICIT)

   Common stock:  $0.001 par value, authorized
    50,000,000 shares; 21,389,611 and 18,333,511
    shares issued and outstanding, respectively           21,390         18,333
   Additional paid-in capital                          4,102,590      3,374,427
   Deficit accumulated during the development stage   (4,247,614)    (3,712,239)
                                                     -----------    -----------

     Total Stockholders' Equity (Deficit)               (123,634)      (319,479)
                                                     -----------    -----------

     TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY (DEFICIT)                               $    26,674    $   154,374
                                                     ===========    ===========


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

                                       F-2
<PAGE>
<TABLE>
<CAPTION>


                                    NEVTAH CAPITAL MANAGEMENT CORPORATION
                                         (A Development Stage Company)
                                           Statements of Operations
                                                 (Unaudited)


                                                                                                             From
                                                                                                        Inception on
                                         For the Three Months Ended      For the Nine Months Ended      September 15,
                                                September 30,                  September 30,            1986 Through
                                        ----------------------------    ----------------------------    September 30,
                                            2000            1999            2000            1999            2000
                                        ------------    ------------    ------------    ------------    ------------

<S>                                     <C>             <C>             <C>             <C>             <C>
REVENUE                                 $       --      $       --      $       --      $       --      $       --
                                        ------------    ------------    ------------    ------------    ------------

EXPENSES

   General and administrative                126,449         118,762         385,615         438,481       1,733,882
   Interest expense                              451           7,403          22,060          42,490         230,806
                                        ------------    ------------    ------------    ------------    ------------

     Total Expenses                          126,900         126,165         407,675         480,971       1,964,688
                                        ------------    ------------    ------------    ------------    ------------

LOSS FROM OPERATIONS                        (126,900)       (126,165)       (407,675)       (480,971)     (1,964,688)
                                        ------------    ------------    ------------    ------------    ------------

OTHER EXPENSES

   Loss on equity investment (Note 5)        (41,808)           --          (127,700)           --        (1,089,880)
   Loss on asset valuation                      --              --              --              --        (1,193,046)
                                        ------------    ------------    ------------    ------------    ------------

     Total Other Expenses                    (41,808)           --          (127,700)           --        (2,282,926)
                                        ------------    ------------    ------------    ------------    ------------

NET LOSS                                $   (168,708)   $   (126,165)   $   (535,375)   $   (480,971)   $ (4,247,614)
                                        ============    ============    ============    ============    ============

BASIC LOSS PER SHARE                    $      (0.01)   $      (0.01)   $      (0.03)   $      (0.03)
                                        ============    ============    ============    ============

BASIC WEIGHTED AVERAGE OF
 SHARES OUTSTANDING                       19,326,186      14,613,742      19,326,186      14,613,742
                                        ============    ============    ============    ============


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

                                                     F-3
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                          NEVTAH CAPITAL MANAGEMENT CORPORATION
                              (A Development Stage Company)
                      Statements of Stockholders' Equity (Deficit)

                                                                                Deficit
                                                                              Accumulated
                                       Common Stock             Additional    During the
                                 --------------------------      Paid-in      Development
                                    Shares         Amount        Capital         Stage
                                 -----------    -----------    -----------    -----------
<S>                              <C>            <C>            <C>            <C>
Balance, September 15, 1986             --      $      --      $      --      $      --

Common stock issued for
 cash at an average of $0.06
 per share                           428,000            428         27,072

Net loss from inception on
 September 15, 1986 through
 December 31, 1993                      --             --             --           (3,266)
                                 -----------    -----------    -----------    -----------

Balance, December 31, 1993           428,000            428         27,072         (3,266)

Common stock canceled for
 cash at $1.25 per share             (20,000)           (20)       (24,980)          --

Common stock issued for
 cash and marketable
 securities at $3.01 per share        80,000             80        240,920           --

Net loss for the year ended
 December 31, 1994                      --             --             --             (834)
                                 -----------    -----------    -----------    -----------

Balance, December 31, 1994           488,000            488        243,012         (4,100)

Common stock issued for
 cash at $0.012 per share          1,420,000          1,420         15,580           --

Net loss for the year ended
 December 31, 1995                      --             --             --          (13,400)
                                 -----------    -----------    -----------    -----------

Balance, December 31, 1995         1,908,000          1,908        258,592        (17,500)

Common stock issued for
 services at $0.10 per share          40,000             40         19,960           --

Net loss for the year ended
 December 31, 1996                      --             --             --         (295,723)
                                 -----------    -----------    -----------    -----------

Balance, December 31, 1996         1,948,000    $     1,948    $   278,552    $  (313,223)
                                 -----------    -----------    -----------    -----------
Common stock issued for
 cash at an average of
 $0.05 per share                   1,545,000          1,545         75,705           --

Net loss for the year ended
 December 31, 1997                      --             --             --       (1,019,083)
                                 -----------    -----------    -----------    -----------

Balance, December 31, 1997         3,493,000          3,493        354,257     (1,332,306)

Common stock issued for
 cash at an average of
 $0.27 per share                   1,901,511          1,901        519,009           --

Net loss for the year ended
 December 31, 1998                      --             --             --         (743,263)
                                 -----------    -----------    -----------    -----------

Balance, December 31, 1998         5,394,511          5,394        873,266     (2,075,569)


Table continues on following page.

                                          F-4
<PAGE>

                          NEVTAH CAPITAL MANAGEMENT CORPORATION
                              (A Development Stage Company)
                 Statements of Stockholders' Equity (Deficit)(Continued)

                                                                                Deficit
                                                                              Accumulated
                                       Common Stock             Additional    During the
                                 --------------------------      Paid-in      Development
                                    Shares         Amount        Capital         Stage
                                 -----------    -----------    -----------    -----------

Balance, December 31, 1998         5,394,511          5,394        873,266     (2,075,569)

Common stock issued for
 cash at $0.05 per share           4,000,000          4,000        196,000           --

Restricted stock issued for
 debt at $0.192 per share          5,200,000          5,200        994,800           --

Restricted stock issued for
 debt at $0.44 per share             160,000            160         69,840           --

Restricted stock issued for
 debt at $0.45 per share             250,000            250        112,250           --

Restricted stock issued for
 debt at $0.40 per share           1,929,000          1,929        769,671           --
                                 -----------    -----------    -----------    -----------

Balance forward                   16,933,511    $    16,933    $ 3,015,827    $(2,075,569)
                                 -----------    -----------    -----------    -----------
Common stock issued for
 services at $0.40 per share         400,000            400        159,600           --

Common stock issued for
 cash at $0.20 per share           1,000,000          1,000        199,000           --

Net loss for the year ended
 December 31, 1999                      --             --             --       (1,636,670)
                                 -----------    -----------    -----------    -----------

Balance, December 31, 1999        18,333,511         18,333      3,374,427     (3,712,239)

Common stock issued for
 services at $0.40 per
 share (unaudited)                    600,00            600        239,400           --

Common stock issued for
 debt at $0.20 per
 share (unaudited)                 2,456,100          2,456        488,764           --

Net loss for the nine months
 ended September 30, 2000
 (unaudited)                            --             --             --         (535,375)
                                 -----------    -----------    -----------    -----------
Balance, September 30, 2000
 (unaudited)                      21,389,611    $    21,389    $ 4,102,590    $(4,247,614)
                                 ===========    ===========    ===========    ===========


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

                                          F-5
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                                       NEVTAH CAPITAL MANAGEMENT CORPORATION
                                            (A Development Stage Company)
                                               Statements of Cash Flows
                                                      (Unaudited)

                                                                                                                  From
                                                                                                              Inception on
                                                   For the Three Months Ended     For the Nine Months Ended   September 15,
                                                          September 30,                 September 30,         1986 Through
                                                   --------------------------    --------------------------   September 30,
                                                      2000            1999           2000           1999          2000
                                                   -----------    -----------    -----------    -----------    -----------
<S>                                                <C>            <C>            <C>            <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                           $  (168,708)   $  (126,165)   $  (535,375)   $  (480,971)   $(4,247,614)
   Adjustment to reconcile net loss to net
    cash used by operating activities:
     Issuance of common stock for services             240,000           --          240,000           --          420,000
     Allowance for investments                          41,808           --          127,700           --        1,089,880
   Changes in operating assets and liabilities:
     Increase (decrease) in accounts payable            16,190        108,158         (8,494)        19,491         94,616
     Increase (decrease) in accrued liabilities         11,221        (19,124)        10,389        (33,358)        95,918
     Increase (decrease) in stock
        subscription advance                              --         (161,752)          --         (200,000)          --
                                                   -----------    -----------    -----------    -----------    -----------

Net Cash  Used In Operating Activities                  85,689       (198,883)      (165,780)      (694,838)    (2,547,200)
                                                   -----------    -----------    -----------    -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES

   Cash paid for investments                              --             --             --
                                                                                                       --           (1,554)
   Note receivable - related party                        --         (600,000)          --
                                                   -----------    -----------    -----------    -----------    -----------

       Net Cash Used in Investing Activities              --         (600,000)          --         (600,000)      (416,554)
                                                   -----------    -----------    -----------    -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES

   Issuance of common stock for cash                      --        1,382,500           --        1,382,500      1,258,660
   Borrowings from related parties                     129,238        416,383        380,707        912,338      2,059,766
   Repayment to related parties                       (214,927)    (1,000,000)      (214,927)    (1,000,000)      (354,672)
                                                   -----------    -----------    -----------    -----------    -----------

       Net Cash Provided by Financing Activities       (85,689)       798,883        165,780      1,294,838      2,963,754
                                                   -----------    -----------    -----------    -----------    -----------

NET INCREASE (DECREASE) IN CASH                           --             --             --             --             --
CASH, BEGINNING OF PERIOD                                 --             --             --             --             --
                                                   -----------    -----------    -----------    -----------    -----------

CASH, END OF PERIOD                                $      --      $      --      $      --      $      --      $      --
                                                   ===========    ===========    ===========    ===========    ===========

NON-CASH FINANCING ACTIVITIES

   Increase in investments                         $      --      $      --      $      --      $      --      $ 1,115,000
   Common stock issued for debt                    $   469,952    $      --      $   469,952    $ 1,047,794    $ 1,558,195
   Common stock issued for accounts payable        $      --      $      --      $      --      $    91,667    $    91,667
   Common stock issued for interest                $    21,268    $      --      $    21,268    $    60,337    $    95,458
   Common stock issued for services                $   240,000    $      --      $   240,000    $      --      $   420,000

CASH PAID FOR:

   Interest                                        $      --      $      --      $      --      $      --      $      --
   Income taxes                                    $      --      $      --      $      --      $      --      $      --


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

                                                         F-6
</TABLE>
<PAGE>


                      NEVTAH CAPITAL MANAGEMENT CORPORATION
                          (A Development Stage Company)
                        Notes to the Financial Statements
                               September 30, 2000


NOTE 1 - ORGANIZATION AND HISTORY

     The Company was organized September 15, 1986, under the laws of the State
     of Nevada. The purpose of the Company is to perform any lawful activity
     permitted by the State of Nevada. The Company has never been able to
     commence any operations and in accordance with SFAS #7, is considered a
     development stage company.

     On August 14, 1993, the Company amended its Articles of Incorporation
     changing the par value of the common stock from $1.00 per share to $0.001
     per share, and increasing the authorized shares from 25,000 shares to
     50,000,000 shares.

     On November 17, 1993, the Company authorized a forward stock split on the
     basis of 40:1, increasing the outstanding shares of common stock to
     1,000,000 shares.

     On November 17, 1993, the Company sold 20,000 shares of common stock for
     $25,000. On June 29, 1994, these shares were canceled and the $25,000 was
     returned to the investor.

     On July 29, 1994, the Company approved a 2-for-1 forward stock split
     increasing the outstanding shares of common stock from 1,000,000 to
     2,000,000 shares.

     On December 20, 1994, the Company issued 80,000 shares of its common stock
     for $10,000 in cash and 12,000 restricted shares of Tera West Ventures,
     Inc. On December 20, 1994, the stock was $5.50 bid $6.50 asking . Because
     of the restriction, the stock was valued at the bid price of $5.50 times
     60,000 shares less a 30% discount or $231,000.

     On September 26, 1995, the Company sold 1,420,000 shares of common stock
     for $17,000.

     On September 15, 1996, the Company issued 40,000 common shares of stock for
     $20,000 for services.

     During 1997, the Company sold 1,545,000 shares of common stock for cash of
     $17,000.

     During 1998, the Company sold 1,901,511 shares of common stock for cash of
     $520,910.

     On March 25, 1999, the Company sold 4,000,000 shares of common stock for
     $200,000.

     On March 29, 1999, the Company issued 5,200,000 shares of common stock for
     debt of $1,000,000.

     On May 24, 1999, the Company approved a 1 for 5 reverse stock split.

                                      F-7
<PAGE>


                      NEVTAH CAPITAL MANAGEMENT CORPORATION
                          (A Development Stage Company)
                        Notes to the Financial Statements
                               September 30, 2000


NOTE 1 - ORGANIZATION AND HISTORY (Continued)

     On August 15, 1999, the Company issued 160,000 shares of common stock for
     debt of $70,000.

     On September 7, 1999, the Company issued 250,000 shares of common stock for
     debt of $112,500.

     On December 9, 1999, the Company issued 1,929,000 shares of common stock
     for debt of $771,600.

     On December 9, 1999, the Company issued 400,000 shares of common stock for
     services of $160,000.

     On December 31, 1999, the Company sold 1,000,000 shares of common stock for
     cash of $200,000.

     On July 3, 2000, the Company issued 2,456,100 shares of common stock at
     $0.20 per share for a total of $491,220 of the Company's debt.

     On July 3, 2000, the President of the Company exercised 600,000 options at
     $0.40 per share for a total of $240,000.

     The stock splits are reflected in the accompanying financial statements on
     a retroactive basis.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES AND PROCEDURES

     The Company has no operations to date and its accounting policies and
     procedures have not been determined, except as follows:

     Accounting Method
     -----------------

     The Company uses the accrual method of accounting and has adopted a
     calender year end.

     Basic Loss Per Share
     --------------------

     Basic loss per share has been calculated based on the weighted average
     number of shares of common stock outstanding during the period.

     Income Taxes
     ------------

     As of September 30, 2000, the Company had a net operating loss carryforward
     for federal income tax purposes of approximately $4,100,000 that may be
     used in future years to offset taxable income through 2020.The tax benefit
     of the cumulative carryforwards has been offset by a valuation allowance of
     the same amount.

                                      F-8
<PAGE>


                      NEVTAH CAPITAL MANAGEMENT CORPORATION
                          (A Development Stage Company)
                        Notes to the Financial Statements
                               September 30, 2000

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES AND PROCEDURES (Continued)

     Cash and Cash Equivalents
     -------------------------

     For purposes of financial statement presentation, the Company considers all
     highly liquid investments with a maturity of three months or less, from the
     date of purchase to be cash equivalents.

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

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

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

     The accompanying unaudited financial statements include all of the
     adjustments which, in the opinion of management, are necessary for a fair
     presentation. Such adjustments are of a normal recurring nature.

NOTE 3 - WARRANTS AND OPTIONS

     The Company has outstanding options of 1,040,000 shares of common stock at
     $0.40 per share, that have not been exercised. The options do not expire
     until 2019.

     There are no warrants outstanding to acquire any additional shares of
     common stock of the Company.

NOTE 4 - GOING CONCERN

     As of the date of this review report, the Company is experiencing a severe
     liquidity problem. Management of the Company believes that the Company will
     require approximately $600,000 to $1,000,000 of additional financing to
     cover its operational expenses for the next twelve months. The Company's
     business operations have been designed to generally focus on the marketing
     of the Cybersensor Technology and its investment in PAMCO and Cybersensor.
     If PAMCO and Cybersensor do not proceed in the form and manner anticipated
     by management of the Company and if sales of the Cybersensor Technology are
     not successful in either Canada or Europe, substantial additional financing
     may be need to fund further marketing efforts and operational processes.
     The Company may not have sufficient funds to cover such expenses and,
     therefore advances or additional offerings of debt or equity instruments.
     However, there can be no assurance that the Company will be successful in
     raising additional capital. A certain principal of the Company has entered
     into a contractual loan arrangement with the Company to provide the capital
     necessary to continue the existence and business operations of the Company
     in the event the Company is unable to obtain such financing.

                                      F-9
<PAGE>


                      NEVTAH CAPITAL MANAGEMENT CORPORATION
                          (A Development Stage Company)
                        Notes to the Financial Statements
                               September 30, 2000

NOTE 5 - INVESTMENTS

     The Company is accounting for its investment in Petroleum Asset Management
     Company (PAMCO), a 26.09% owned affiliate, by the equity method of
     accounting under which the Company share of the net loss of the affiliate
     is recognized as a loss in the Company's income statement and subtracted
     from the investment account, and dividends received from the affiliate are
     treated as a reduction of the investment account.

     The fiscal year of the affiliate ends on January 31 and the Company
     consistently follows the practice of recognizing the net loss of the
     affiliate on that basis. Therefore, the net loss of the affiliate which is
     reported in the Company's income statement is for the affiliates year which
     ended on January 31, 2000. The Company's original investment in PAMCO was
     $1,115,000. PAMCO had a net loss of $489,460 for the nine months ended
     October 31, 2000, reducing PAMCO total equity to $102,238. The percentage
     that the Company has of PAMCO's total equity is $26,674.

     On December 6, 1999, the Company purchased 1,551,064 shares of
     Cybersensor.com, Inc. for $1,554. This investment is 25.64% of
     Cybersensor.com, Inc. This investment is not accounted for as an equity
     investment due to the fact the Cybersensor.com, Inc. has issued more common
     stock after the audit date to make the Company's investment in
     Cybersensor.com less that 20%. Cybersensor.com, Inc. has not established a
     source of income and have a retained deficit of $362,034, the Company's
     investment is valued at $-0-.

NOTE 6 - NOTES PAYABLE - RELATED PARTIES

     As of September 30, 2000, the Company had notes payable due to related
     parties of $146,899. These notes are unsecured and bear interest at the
     rate of 8% per annum. This amount, along with the accrued interest, is due
     on demand until paid in full and/or converted into shares of the Company.

NOTE 7 - SUBSEQUENT EVENTS

     On October 18, 2000, the Company enacted a private placement offering of
     1,500,000 shares of common stock to be sold at $0.25 per share. For each
     share that is sold, there is a warrant attached to it for one share,
     exercisable at $0.40 per share, expiring in two years.

                                      F-10

<PAGE>



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

GENERAL

     As of the date of this Report, there has been no revenue realized from the
business operations of the Company. During fiscal year 2000, the Company's
primary source of cash was from private offerings of its stock and advances made
by certain principals and private investors of the Company.

     The Company was initially organized for the general purpose of identifying
investment opportunities in certain companies, primarily in the energy and
technology industries, which were seeking business partners and that
demonstrated potential for long-term growth.

Investment in Petroleum Asset Management Company

     After consideration of substantial and detailed information by management,
the Company and Petroleum Asset Management Company, a Delaware corporation
("Pamco") entered into an agreement dated June 4, 1998 (the "Pamco Agreement").
Pamco had developed two unique technologies: (i) a computer controlled pumping
system to lift oil from stripper oil wells and water from stripper gas wells
with low pressure air or gas; and (ii) a wireless communications link for
companies seeking bi-directional monitoring and control of remote equipment or
systems via the Internet, using a central server and a wireless satellite or
terrestrial link (the "Cybersensor Technology"). The Pamco Agreement generally
provided for the joint commercialization of the Cybersensor Technology through
the acquisition of stripper oil and gas wells or leases and the subsequent
conversion to and utilization of the Cybersensor Technology. The Pamco Agreement
required the Company to make periodic payments of capital contributions to
Pamco. The capital contributions would be used by Pamco to fund its large-scale
acquisition program of stripper oil and gas well leases within the United States
and the subsequent conversion of such wells to utilization of its technology
systems. The Pamco Agreement generally provided for the creation of a joint
venture entity to be owned 50% by the Company and 50% by Pamco. The Pamco
Agreement further provided that the newly formed joint venture entity would
acquire the exclusive rights to the technology systems to market and distribute
for all stripper oil and gas well applications, as well as for environmental
uses in cleaning up contaminated ground water, and that all revenues received by
the Company and Pamco relating to the purposes within the Pamco Agreement would
be distributed 50% to the Company and 50% to Pamco. The Pamco Agreement also
provided for the issuance by Pamco to the Company of a convertible debenture,
which provided the Company with the right to convert the full amount of the
debenture to shares of restricted common stock in Pamco at a conversion rate of
$55.56 per share or the latest market price of sales Pamco's common stock. In
consideration of capital contributions in the aggregate amount of $1,115,000
made by the Company to Pamco, Pamco subsequently issued to the Company 193,883
shares of its restricted common stock (which represented an approximate 26.09%
equity ownership interest).

     On April 19, 1999, Pamco transferred the Cybersensor Technology to
Cybersensor, Inc., a corporation formed under the laws of the State of Nevada
("Cybersensor"). Pursuant to the transfer by Pamco to Cybersensor of the

                                       2

<PAGE>


Cybersensor Technology, Cybersensor subsequently entered into contractual
arrangements with Pamco whereby (i) Cybersensor granted to Pamco a license to
market and distribute the Cybersensor Technology, and (ii) Pamco's shareholders
would be able to purchase from Cybersensor a pro rata number of shares of common
stock of Cybersensor (based on their respective proportionate ownership of
shares of common stock of Pamco), which represented an aggregate approximate 80%
equity ownership interest. The Company, therefore, purchased at $0.001 per share
1,551,064 shares of restricted common stock of Cybersensor (which represented
then an approximate 25.6% equity ownership interest).

     Due to extreme interest in the Cybersensor Technology, the Company and
Pamco jointly agreed to focus their current business operations and priorities
on the continued development and marketing of the Cybersensor Technology to the
oil and gas industry, including stripper oil and gas well producers, and to
other industries. During December 1999, the Company and Pamco agreed that (i)
the Pamco Agreement would be terminated, (ii) the Company would limit its
monetary investment in Pamco to the amount of funds previously invested pursuant
to its contractual obligations under the Pamco Agreement and to the purchase of
the shares of common stock of Cybersensor, and (iii) Cybersensor would grant to
the Company a non-exclusive license to market and distribute the Cybersensor
Technology in Europe.

     On December 30, 1999, the Company entered into a letter agreement with
Cybersensor (the "European Letter Agreement") pursuant to which Cybersensor
agreed to grant to the Company a non-exclusive license to market the Cybersensor
Technology in Europe. The terms of the European Letter Agreement further
provided that (i) the Company will pay to Cybersensor a royalty fee of five
percent (5%) of gross revenues generated by the sale of the Cybersensor
Technology in Europe, and (ii) the Company will be required to sell 1,000 units
annually in order to retain the license rights. The Company and Cybersensor
agreed that the European Letter Agreement incorporates the essential terms of
their agreement, is binding upon the Company and Cybersensor, and that the
Company and Cybersensor may negotiate such further terms and conditions that are
reasonably necessary to carry out and give effect to the terms and provisions of
the European Letter Agreement. As of the date of this Quarterly Report, the
Company and Cybersensor have agreed to delay the marketing program, which is the
subject of the European Letter Agreement, until Cybersensor has completed its
introduction of the Cybersensor Technology in the marketplace of North American
and can support the marketing efforts of the Company in Europe. Management
anticipates that further discussions with Cybersensor regarding the European
Letter Agreement will resume during the first quarter of 2001.

     On September 14, 2000, the Company entered into a letter agreement with
Cybersensor (the "Canadian Letter Agreement") pursuant to which Cybersensor
agreed to grant to the Company a non-exclusive license to market the Cybersensor
Technology in Canada. The terms of the Canadian Letter Agreement further
provided that the Company will be required to sell no less than 1,000
Cybersensor Technology products by June 30, 2001 in order to retain the license
rights. The Company and Cybersensor agreed that the Canadian Letter Agreement
incorporates the essential terms of their agreement, is binding upon the Company
and Cybersensor, and that the Company and Cybersensor may negotiate such further
terms and conditions that are reasonably necessary to carry out and give effect
to the terms and provisions of the Canadian Letter Agreement.

     As of the date of this Quarterly Report, the Company is the owner of record
of 193,883 shares of common stock of Pamco (which represents an approximate
26.09% equity ownership interest) and the owner of record of 4,653,192 shares of
common stock of Cybersensor (based on a 3:1 stock split on May 12, 2000, and
which currently represents an approximate 15.2% equity ownership interest).

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<PAGE>


     During fiscal year 2001, management of the Company intends to concentrate
its financial resources in the establishment and creation of a Canadian market
for the distribution and sale of the Cybersensor Technology. The Company has no
further plans to increase its equity position in either Pamco or Cybersensor.

RESULTS OF OPERATION

Nine-Month Period Ended September 30, 2000 Compared To Nine-Month Period Ended
September 30, 1999

     The Company's net losses for the nine-month period ended September 30, 2000
were approximately $535,375 compared to a net loss of approximately $480,971 for
the nine-month period ended September 30, 1999. During both quarter periods, the
Company recorded no income.

     For the nine-month period ended September 30, 2000, the Company recorded
operating expenses of $407,675 compared to $480,971 of operating expenses
recorded for the nine-month period ended September 30, 1999. Interest expense of
$22,060 for the nine-month period ended September 30, 2000 decreased by
approximately $20,430 from an expense of $42,490 for the nine-month period ended
September 30, 1999. General overhead and administrative expenses of $385,615 for
the nine-month period ended September 30, 2000 decreased by approximately
$52,866 from a general overhead and administrative expense of $438,481 for the
nine-month period ended September 30, 1999. The decrease in overhead and
administrative expenses resulted primarily from the decrease in costs associated
with consummation of the transaction with Pamco. Overhead and administrative
expenses include general corporate overhead, consulting costs, contractor fees,
and professional fees.

     Other expenses of the Company increased as a result of the loss on the
asset valuation relating to the Company's original investment of $1,115,000 in
Pamco. The loss was recorded at $127,700 for the nine-month period ended
September 30, 2000 compared to $-0- recorded for the nine-month period ended
September 30, 1999.

     As a result of these factors, net loss for the nine-month period ended
September 30, 2000 was $535,375, an increase of $54,404, as compared to a net
loss of $480,971 for the nine-month period ended September 30, 1999.

Three-Month Period Ended September 30, 2000 Compared to Three-Month Period Ended
September 30, 1999

     The Company's net losses for the three-month period ended September 30,
2000 were approximately $168,708 compared to a net loss of approximately
$126,165 for the three-month period ended September 30, 1999. During both
quarter periods, the Company recorded no income.

     For the three-month period ended September 30, 2000, the Company recorded
operating expenses of $126,900 compared to $126,165 of operating expenses
recorded for the three-month period ended September 30, 1999. Interest expense
of $451 for the three-month period ended September 30, 2000 decreased by
approximately $6,952 from an expense of $7,403 for the three-month period ended
September 30, 1999. General overhead and administrative expenses of $126,449 for
the three-month period ended September 30, 2000 increased, however, by
approximately $7,687 from a general overhead and administrative expense of
$118,762 for the three-month period ended September 30, 1999. The increase in
overhead and administrative expenses resulted primarily from the increase in
costs associated with the commencement of establishing and marketing the
Cybersensor Technology in Canada.

                                       4

<PAGE>


     Other expenses of the Company increased as a result of the loss on the
asset valuation relating to the Company's original investment of $1,115,000 in
Pamco. The loss was recorded at $41,808 for the three-month period ended
September 30, 2000 compared to $-0- recorded for the three-month period ended
September 30, 1999.

     As a result of these factors, net loss for the three-month period ended
September 30, 2000 was $168,708, an increase of $43,543, as compared to a net
loss of $125,165 for the three-month period ended September 30, 1999.

LIQUIDITY AND CAPITAL RESOURCES

     The Company's financial statements have been prepared assuming that it will
continue as a going concern and, accordingly, do not include adjustments
relating to the recoverability and realization of assets and classification of
liabilities that might be necessary should the Company be unable to continue in
operation.

Nine-Month Period Ended September 30, 2000

     As of September 30, 2000, the Company's assets were $26,674 consisting of
the valuation of the Company's equity investment in Pamco. As of September 30,
2000, the Company's liabilities were $150,308. The Company's liabilities
decreased by approximately $323,545 during the nine-month period ended September
30, 2000 from liabilities of $473,853 at December 31, 1999.

     The decrease in liabilities during the nine-month period ended September
30, 2000 was due primarily to a decrease of approximately $304,171 in notes
payable from $451,070 recorded at December 31, 1999. On July 1, 2000, the
Company entered into six separate settlement agreements with creditors in which
the Company agreed to settle an aggregate debt of $491,220 by issuing an
aggregate of 2,456,100 shares of its restricted common stock at $0.20 per share
as settlement.

     Stockholders' equity (deficit) decreased from ($319,479) for fiscal year
ended December 31, 1999 to ($123,634) for the nine-month period ended September
30, 2000.

                                       5

<PAGE>


PLAN OF OPERATION

     The Company is experiencing a severe liquidity crisis and must raise
additional capital. Further, the Company has not generated any cash flow to fund
its operations and activities. Historically, the Company has relied upon
internally generated funds, funds from the sale of shares of stock and loans
from its shareholders and private investors to finance its operations and
growth. Management anticipates that approximately $600,000 will be required to
cover operational costs and expenses for the twelve-month period following the
date of this Report.

     From inception (September 15, 1986) to September 30, 2000, the Company has
spent approximately $1,964,688 on general and administrative expenses and
interest relating to the (i) consummation of the Pamco Agreement, (ii)
fulfillment of certain of its obligations under the Pamco Agreement, and (iii)
commencement of establishing and marketing the Cybersensor Technology in Canada.
As of the date of this Quarerly Report, the Company has limited its financial
investment in Pamco to amounts invested as of December 30, 1999 and has
conducted limited business operations pertaining to the creation and
establishment of a Canadian market for the distribution and sale of the
Cybersensor Technology and related products. A twelve-month development plan and
budget for fiscal year 2001 of approximately $600,000 is proposed by the
Company. Funding will cover the following major areas of business activity:

o    $200,000 for Establishment and Creation of a Canadian and/or European
     Market for the Distribution and Sale of the Cybersensor Technology and
     related products.
o    $400,000 for Working Capital, Including Overhead and Administrative
     Expenses.

     Management intends to raise additional capital through further public or
private offerings of its stock and through bank loans or loans from private
investors, although there can be no assurance that the Company will be able to
obtain such financing. The Company's continued growth, financial success and
movement into a viable operating basis are entirely dependent upon the Company's
ability to (i) raise substantial amounts of additional capital, (ii)
successfully establish and create a Canadian and/or European market for the
distribution and sale of the Cybersensor Technology and related products, and
(iii) generate future revenues from the sale of the Cybersensor Technology and
related products in Canada and/or Europe. The failure to raise additional
capital will have a material and adverse affect upon the Company and its
shareholders.

     Therefore, on January 2, 2001, Mr. Daniel Kesonen, the President and a
director of the Company, entered into a revolving credit loan agreement and
supporting promissory note with the Company (the "Credit Loan Agreement")
pursuant to which Mr. Kesonsen agreed to loan and provide the capital necessary
to continue the existence and business operations of the Company in the event
the Company is unable to obtain such financing. The terms and provisions of the
Credit Loan Agreement further provide that (i) for a period of two years and

                                       6

<PAGE>

upon request by the board of directors of the Company, Mr. Kesonsen shall loan
to the Company such amounts as requested by the Company over a two year period,
not to exceed an aggregate of $500,000; and (ii) the Company shall agree to
execute a promissory note payable to Mr. Kesonsen within a period of ten years
from the date of the Credit Loan Agreement.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

     Management  is not  aware  of any  legal  proceedings  contemplated  by any
governmental  authority or other party than those  indicated below involving the
Company or its properties.  No director,  officer or affiliate of the Company is
(i) a party  adverse  to the  Company in any legal  proceedings,  or (ii) has an
adverse  interest to the  Company in any legal  proceedings.  Management  is not
aware of any other  legal  proceedings  pending  or that  have  been  threatened
against the Company or its properties.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

o    On July 1, 2000, the president and director of the Company, Daniel Kesonen,
     exercised his option to purchase 600,000 shares of Common Stock at $0.40
     per share pursuant to Section 4(2) of the 1933 Securities Act.

o    On July 1, 2000, the Company entered into six separate settlement
     agreements with creditors whereby the Company agreed to issue an aggregate
     of 2,456,100 shares of Common Stock at $0.20 per share pursuant to
     Regulation S of the 1933 Securities Act. Under the terms of the respective
     settlement agreements, each creditor agreed to accept their respective
     shares of Common Stock as payment for the respective debt owed to such
     creditor. The Company issued an aggregate of 2,456,100 shares of Common
     Stock for payment of the debt. All of the six creditors are non-residents
     of the United States. The Company issued the shares in reliance upon the
     exemption from registration provided by Regulation S of the 1933 Securities
     Act. The creditors each represented to the Company that they acquired the
     shares for their own respective account and not with a view to
     distribution, and that the Company made available all material information
     concerning the Company.

o    During December 2000, the Company engaged in an offering in which it raised
     $110,000 under Regulation S pursuant to which it sold 550,000 units at
     $0.20 per unit (each unit consisted of one share of restricted Common Stock
     and two warrants exercisable for a two year period entitling the holder
     thereof to purchase one share of restricted Common Stock at $0.40 per
     warrant). The Company issued shares of Common Stock to three investors, all
     of who were non-residents of the United States. The investors executed
     subscription agreements and acknowledged that the securities to be issued
     had not been registered under the 1933 Securities Act, that the investors
     understood the economic risk of an investment in the securities, and that
     the investors has the opportunity to ask questions of and receive answers
     from the Company's management concerning any and all matters related to the
     acquisition of the securities. No underwriter was involved in the
     transaction, and no commissions or other remuneration were paid in
     connection with the offer and sale of the securities. As of the date of
     this Quarterly Report, the offering is ongoing.


                                       7

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ITEM 3. DEFAULTS UPON SENIOR SECURITIES

No report required.

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

No report required.

ITEM 5. OTHER INFORMATION

No report required.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a)  No exhibits required.

(b)  No reports required.


                                   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.

                                       NEVTAH CAPITAL MANAGEMENT CORPORATION

Dated: February 6, 2001                By:  /s/  Daniel Kesonen
                                          ----------------------------------
                                                 Daniel Kesonen, President

                                       8