SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                FORM 10-QSB

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

                   For the quarter ended September 30, 2001

         ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                       SECURITIES EXCHANGE ACT OF 1934
                       Commission File Number 0-29292

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

          NEVADA                                   87-0431096
-------------------------------        ------------------------------------
(State or other jurisdiction of        (I.R.S. Employer Identification No.)
 incorporation or organization)

          75 N.E. 6th Avenue, Suite 101
          Delray Beach, Florida                          33483
          ----------------------------------------------------
           (Address of principal executive offices) (Zip Code)


                                (561) 266-0303
               ----------------------------------------------------
               (Registrant's telephone number, including area code)


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 [ ]

Number of shares outstanding of the issuer's common stock, as of
September 30, 2001, according to the records of the Registrant's
registrar and transfer agent was 12,254,681.



<PAGE>                               1



                           AMEUROTECH CORPORATION
                             TABLE OF CONTENTS

PART I.   Financial Information

Item 1.   Unaudited Financial Statements

          Unaudited Condensed Consolidated Balance Sheets as of
          December 31, 2000 And September 30, 2001

          Unaudited Condensed Consolidated Statements of
          Operations for the six months ended September 30, 2001
          compared to the fiscal year ended December 31, 2000

          Notes to Unaudited Condensed Consolidated Financial
          Statements

Item 2.   Management's Discussion and Analysis of Financial
          Condition and Results

Item 3.   Quantitative and Qualitative Disclosures About Market
          Risk

PART II.  OTHER INFORMATION

Item 1.   Legal Proceedings

See Notes to Unaudited Condensed Consolidated Financial Statements.



<PAGE>                               2



                          CONSOLIDATED BALANCE SHEET
                           AMEUROTECH CORPORATION

<TABLE>
<CAPTION>
                                                             Nine Months    December 31
                                                               ended           2000
              ASSETS                                         Sept-30-01
              ------                                         ------------   -----------
<S>                                                          <C>            <C>
CURRENT ASSETS:
    Cash and Cash equivalents                                $     9,103    $       276
    Accounts receivable                                      $   213,195    $   724,063
         from third party                                    $   983,354    $   247,308
    Inventory
         Raw Materials, subsidiary materials and
           consumables                                       $ 1,348,992    $ 1,308,722
         Work in progress and semi-finished                  $   172,306    $   200,654
         Finished iproducts and goods                        $   386,916    $    80,945
    Prepaid expenses and other current assets                $       -      $    29,343
    Other                                                    $     1,825
                                                             -----------    -----------
              Total Current Assets                           $ 3,115,691    $ 2,591,311

FIXED ASSETS
    Intangible Assets, net:
         Start up and expansions costs                       $    44,740    $    56,079
         Research, developmenent and advertisement costs     $   383,553    $   272,221
         Industrial patent and intellectual property         $     2,084    $     2,612
         Goodwill                                            $ 1,693,514    $ 2,082,938
         Other intangible assets                             $    29,852    $     9,762
                                                             -----------    -----------
    Total Intangible Assets, net                             $ 2,153,743    $ 2,423,612
                                                             -----------    -----------
    Tangible Assets, net:
         Plant and machinery                                 $   362,637    $   341,238
         Industrial and commercial equipment                 $    46,886    $    75,286
         Other assets                                        $   201,159    $   200,643
         Work-in-progress and advances                       $     1,179    $     1,201
                                                             -----------    -----------
    Total Tangible Assets, net                               $   611,861    $   618,368
                                                             -----------    -----------
              Total Fixed Assets                             $ 2,765,604    $ 3,041,980

TOTAL ASSETS                                                 $ 5,881,295    $ 5,633,291
                                                             ===========    ===========

                LIABILITIES AND STOCKHOLDERS' EQUITY
                ------------------------------------

CURRENT LIABILITY:
    Account payable:
         To customers                                        $ 1,060,061    $   604,531
         To Banks                                            $   185,365    $   201,921
         To social security institutions                     $    18,475    $    37,032
         Taxes                                               $     9,546    $    30,679
         Others                                              $   216,996    $    37,678
         To third party                                      $       -      $ 1,544,522
    Accrued Liabilities and deferred income                  $    99,818    $    58,709

</TABLE>



<PAGE>                               3



                          CONSOLIDATED BALANCE SHEET
                                 (Continued)
                           AMEUROTECH CORPORATION

<TABLE>
<CAPTION>
                                                             Nine Months    December 31
                                                               ended           2000
                                                             Sept-30-01
                                                             ------------   -----------
<S>                                                          <C>            <C>

    Advances - received on accounts                          $    10,624    $    10,819
    Accrued payroll and related costs                        $   129,523    $   164,232
                                                             -----------    -----------
              Total Current Liabilities                      $ 1,730,408    $ 2,690,123
                                                             -----------    -----------
LONG-TERM DEBT:

              To Banks                                       $   615,238    $   722,146
                                                             -----------    -----------
               Total Liability                               $ 2,345,646    $ 3,412,269
                                                             -----------    -----------
SHAREHOLDER EQUITY
    Common Stock:
    Shares issued                                                           $       -
    Capital in Excess of Par Value                                          $       -
    Discount on Common stock                                                $       -
    Deficit                                                                 $       -
    Preferred Stock
    Other reserves                                           $ 2,071,975    $       -
    Additional paid-in capital                               $ 3,590,268    $ 3,347,640
    Accumulated other comprehensive loss                     $(1,015,311)   $       -
    Profit (Loss)                                            $(1,111,283)   $(1,126,618)
                                                             -----------    -----------
              Total Shareholders' Equity                     $ 3,535,649    $ 2,221,022
                                                             -----------    -----------
TOTAL LIABILTITY AND SHAREHOLDERS EQUITY                     $ 5,881,295    $ 5,633,291
                                                             ===========    ===========

</TABLE>



<PAGE>                               4



                    CONSOLIDATED STATEMENTS OF OPERATIONS
                           AMEUROTECH CORPORATION
<TABLE>
<CAPTION>
                                                  Nine months       December 31
                                                    ended               2001
                                                  Sept 30,01
                                                  -----------       ------------
<S>                                               <C>               <C>

REVENUES                                          $   924,409       $   678,141
COST OF REVENUES                                  $   545,757       $   633,097
                                                  -----------       -----------
        Gross Profit (Loss)                       $   378,652       $    45,044

OPERATING EXPENSES:
        Selling, General and administrative       $ 1,433,160       $   658,021
        Depreciation and Amortization             $   481,885       $   455,946
        Miscellaneus                              $    10,058       $       -
                                                  -----------       ------------------
                                                  $ 1,925,103       $ 1,113,967

OPERATING PROFIT (LOSS)                           $(1,546,451)      $(1,068,923)

INTEREST INCOME                                   $     4,222       $       529
INTEREST EXPENSE                                  $   (61,752)      $   (17,286)
OTHER COST                                        $       -         $   (40,938)

PROFIT (LOSS) from continuing operations          $(1,603,981)      $(1,126,618)
        BEFORE INCOME TAXES
INCOME TAXES                                      $   492,698       $       -

WRITE DOWN FROM INVESTMENTS                       $       -

FORGIVENESS OF DEBT                               $       -


LOSS (PROFIT) FROM CONITNUING OPERATIONS          $(1,111,283)      $(1,126,618)

NET PROFIT (LOSS)                                 $(1,111,283)      $(1,126,618)

BASIC AND DILUTED LOSS PER SHARE:
        Loss from Continuing operations


        NET PROFIT (LOSS)

AVERAGE COMMON SHARES OUTSTANDING


</TABLE>



<PAGE>                               5



                            AMEUROTECH CORPORATION
        NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The accompanying unaudited interim condensed consolidated financial
statements reflect all adjustments, consisting of normal recurring
adjustments, that management believes are necessary to present fairly
the financial position, results of operations of AmEurotech Corporation
("AmEurotech" or the "Company") for the period presented. The results of
operations for an interim period are not necessarily indicative of the
results that may be expected for any other interim period or for the year
as a whole. The accompanying unaudited interim condensed consolidated
financial statements should be read in conjunction with the consolidated
financial statements and notes in the Company's annual report on Form 10-K
as amended for the year ended December 31, 2000.

The company during the interim period has decided to move its main business
office to Florida. Since May 01, 2001 the company is operative in Florida
at 75 NE 6th Avenue, Suite 101, Delray Beach, FL 33483. The Company has
hired experienced professionals within the amusement industry to create
the market for its products within North and South America. The reason for
the new location is due to the fact that the company is manufacturing good
products both for North and South America. The Company has decided to put
for test with the major amusement American distributors some of its
products. The market requires that prior to any sale the product is
tested and approved by the market. The philosophy that the Company is
trying to introduce to the market is the combination of the high quality
products at the right price. The Company is negotiating with the major
American distributors exclusive agreements. The results of such future and
potential agreements can be valued only after the test period. The Company
is underlying that the test period for its products is needing a longer time
than expected and therefore the company is not sure if it will have enough
working capital to proceed with the operation. The Board of Directors is
negotiating with banks and potential investors either to convert the
current liabilities in medium long term liabilities or to receive further
paid in capital. The results of the negotiation, at the time of this
filings, are not confirmed yet.

MANAGEMENT BELIEVES THAT CERTAIN STATEMENTS IN THIS DISCUSSION AND ANALYSIS
CONSTITUTE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE U.S. PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995. THESE STATEMENTS INCLUDE, BUT ARE
NOT LIMITED TO: STATEMENTS RELATING TO POTENTIAL GROWTH OR TO POTENTIAL
INCREASES IN REVENUES AND NET INCOME THROUGH PREVIOUS, POTENTIAL OR POSSIBLE
MERGERS; ACQUISITIONS; LICENSE AGREEMENTS; SHARE EXCHANGES; AND JOINT
VENTURES. THESE STATEMENTS OFTEN CAN BE IDENTIFIED BY THE USE OF TERMS
SUCH AS "MAY", "WILL", "EXPECT", "ANTICIPATE", "ESTIMATE", "SHOULD",
"COULD", "PLANS", "BELIEVES", "POTENTIAL", OR "CONTINUING", OR THE
NEGATIVE OF THESE TERMS. SUCH FORWARD-LOOKING STATEMENTS SPEAK ONLY AS
OF THE DATE MADE AND MAY INVOLVE BOTH KNOWN AND UNKNOWN RISKS, UNCERTAINTIES
AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR
ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE
RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH
FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE
EXPECTATIONS REFLECTED IN SUCH FORWARD-LOOKING STATEMENTS ARE REASONABLE,
THE COMPANY CANNOT GUARANTEE FUTURE RESULTS, LEVELS OF ACTIVITY, PERFORMANCE,
ACHIEVEMENTS OR EVENTS. MOREOVER, NEITHER THE COMPANY NOR ANY OTHER PERSON
ASSUMES RESPONSIBILITY FOR THE ACCURACY OR COMPLETENESS OF SUCH STATEMENTS.
THE COMPANY DISCLAIMS ANY RESPONSIBILITY TO REVISE ANY FORWARD-LOOKING
STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THE DATE OF SUCH
STATEMENT OR TO REFLECT THE OCCURRENCE OF ANTICIPATED OR UNANTICIPATED
EVENTS.



<PAGE>                               6



Business
--------

The Company is engaged in the design, manufacturing and distributing of
multimedia kiosks for several applications including amusement and skill
games. The Company manufactures both software and hardware and integrates
them into their own exclusive machines.

Valuation criteria
------------------

The financial statements have been prepared on a prudential, accruals and
going-concern basis. The prudential basis has resulted in the valuation of
the single components of each asset or liability to avoid offsets between
losses that should have been reported and profits that should not have been
recognised as they have not been realised.

Under the accruals method, the effect of transactions and other events has
been reflected on the accounts and attributed to the fiscal year to which
the transactions and events refer, and not to that in which the relevant
changes to cash in hand and at bank (collections and payments) have taken
place.

The consistent application of accounting principles ensures the comparability
of the company's financial statements drawn up in different fiscal years.
The transactions between the companies group have been eliminated. The
Financial data of the Italian Subsidiary, whose accounting are in Euro,
have been reported at the Euro/USD Interbank Exchange Rate as per
September 30, 2001

Exceptions
----------

By way of derogation from the above, it has not been adopted any different
valuation criteria from the above mentioned.

In particular, the following accounting policies have been applied:

Fixed assets
------------

Intangible assets
-----------------

These have been recorded at their historical purchase cost net of the
relevant depreciation systematically calculated.



<PAGE>                               7



Start-up and expansion costs, research, development and advertising cost
have been recorded as assets with the approval of the Board of Statutory
Auditors and are depreciated over 5 years. The depreciation has been
calculated for the interim period as 9/12 of the total year value

The goodwill, acquired for a consideration, has been recorded among the
assets with the consent of the Board of Statutory Auditors at its purchase
cost and is depreciated over 5 years starting from the purchasing day. The
depreciation has been calculated for the interim period as 9/12 of the total
year value

Industrial patent and intellectual property rights, concessions, licenses,
trademarks and similar right are depreciated at an average annual rate of
20%. The depreciation has been calculated for the interim period as 6/12
of the total year value

Leasehold improvements have been depreciated at rates depending on the
duration of the underlying agreement (10 years). The depreciation has
been calculated for the interim period as 9/12 of the total year value.


Tangible assets
---------------

These have been recorded at their purchase cost and are adjusted by the
relevant accumulated depreciation.

The book value includes any ancillary costs and the costs incurred for the
use of the asset, less any trade discounts and any significant cash
discounts.

The depreciation charged to profit and loss account has been calculated on
the basis of the remaining useful life of the assets, taking into account
their use, destination and economic-technical life, and we believe that
this is well reflected by the following rates, unchanged compared to the
previous fiscal year and halved in the year in which the asset has
entered operation:

     -   plant and machinery: 10 % - equipment: 25 % - trucks: 20%
         - cars: 25 %

     -   office equipment: 20%

     -   others: 12%

It has not been done any accelerated depreciation. Tangible assets have been
written up in compliance with the general revaluation laws.

Accounts receivable
-------------------

These have been recorded at their presumed realisable value. The nominal
value has been adjusted to the presumed realisable value by means of a
provision for bad debts taking into account the general economic conditions,
the state of the company's industry sector and the country risk.

Accounts payable
----------------

Accounts payable have been recorded at their nominal value, adjusted by any
returns of goods or credit notes.

Accrued liabilities/income - prepayments/deferred income
--------------------------------------------------------

These have been determined on an accruals basis.



<PAGE>                               8

Inventory
---------

Raw materials, auxiliary materials and finished products have been recorded
at the lower of purchase or manufacturing price and realisable value as
inferred from market trend, applying one of the follows methods:

- the LIFO (with annual increments) method

Goods-in-process have been recorded on the basis of the costs incurred
during the year.

Work-in-progress has been recorded on the basis of :

- the percentage of completion of or the status of the work; - the method of
the completed order or the completed contract.

The value thus obtained is then adjusted by the "provision for stock
obsolescence" in order to take into account those goods which are expected
to be realised at a value lower than cost.

Provisions for liabilities and charges
--------------------------------------

These provisions were not set aside for the coverage of losses or
liabilities because the amount and date, if any, of occurrence could not
be determined at the date of the approval of the financial statements.

Provision for employee leaving indemnity
----------------------------------------

This consists of the amounts actually accrued in favour of the employees
pursuant to the law and the current labour agreements, taking into account
any elements of remuneration paid on a continuous basis.

The provision includes the total indemnities accrued for employees at the
year- end net of any advances paid, and assuming termination of their
employment relationship at such date.

Income taxes
------------

- No taxes has to be paid.

Recognition of income
---------------------

Sales revenue is recognised at the time of the transfer of ownership which
usually coincides with the delivery or forwarding of the goods;

Financial income and income from the provision of services is recognised
on an accruals basis.

Adjustment criteria
-------------------

No adjustment criteria has been applied.

Criteria for the translation of accounts in foreign currency.

Accounts payable and receivable denominated in foreign currency have been
recorded at the rates of exchange in force on the date of the transaction
and retranslated at the interim period-end exchange rates.



<PAGE>                               9



Guarantees, commitments, third parties' assets and risks and guarantees
Any risks in connection with guarantees, either personal or real, given for
third parties, have been included among memo accounts in an amount equal
to the guarantee offered.

Commitments have been included among memo accounts at their nominal value
(as inferred from the relevant documentation).



<PAGE>                               10



Item 2. Management's Discussion and Analysis of Financial
Condition and Results
---------------------

1. ASSETS

a. FIXED ASSETS

They are reported at the their historical value minus their depreciation of
the period considered

During the interim period considered, the company did not make further
investment in tangible assets. The company has invested only in Research
and development.


<TABLE>
<CAPTION>
                                                          Nine months       December 31,
                                                               ended            2000
                                                            Sept-30-01
                                                          ------------    --------------
<S>                                                       <C>             <C>

FIXED ASSETS
    Intangible Assets, net:
         Start up and expansions costs                    $      44,740   $       6,079
         Research, development and advertisement costs    $     383,553   $     272,221
         Industrial patent and intellectual property      $       2,084   $       2,612
         Goodwill                                         $   1,693,514   $   2,082,938
         Other intangible assets                          $      29,852   $       9,762
                                                          -------------   -------------
    Total Intangible Assets, net                          $   2,153,743   $   2,423,612

    Tangible Assets, net:
         Plant and machinery                              $     362,637   $     341,238
         Industrial and commercial equipment              $      46,886   $      75,286
         Other assets                                     $     201,159   $     200,643
         Work-in-progress and advances                    $       1,179   $       1,201
    Total Tangible Assets, net                            $     611,861   $     618,368
                                                          -------------   -------------
              Total Fixed Assets                          $   2,765,604   $   3,041,980
</TABLE>


b. CURRENT ASSETS

1. Inventory

Inventories are stated at the lower of cost, determined on a first-in,
first- out basis, or market. Cost elements included for work-in-process
and finished goods include raw materials, direct labour and
manufacturing overhead.



<PAGE>                               11


<TABLE>
<CAPTION>
                                                             Nine months     December 31,
                                                                ended             2000
                                                              Sept-30-01
                                                             -----------     ------------
<S>                                                          <C>             <C>

Inventory
    Raw Materials, subsidiary materials and consumables      $  1,348,992    $ 1,308,722
    Work in progress and semi-finished                       $    172,306    $   200,654
    Finished products and goods                              $    386,916    $    80,945
                                                             ------------    -----------
         Total Inventory                                     $  1,908,214    $ 1,590,321

</TABLE>

2. Accounts receivable

The account receivable are composed of calculated at the fair possible
cashable value.

<TABLE>
<CAPTION>
                                                       Nine months    December 31,
                                                          ended          2000
                                                       Sept-30-01
                                                    --------------   --------------
<S>                                                 <C>              <C>
Accounts receivable from customers                  $    213,195     $    724,063
         from third party                           $    983,354     $    247,308

</TABLE>


2. LIABILITY

a. CURRENT LIABILITY

The current liability has been decreased since the end of the fiscal year
2000.

<TABLE>
<CAPTION>
                                                       Nine months      December 31,
                                                          ended            2000
                                                       Sept-30-01
                                                      ------------     -------------
<S>                                                   <C>              <C>
CURRENT LIABILITY:
    Account payable:
         To customers                                 $  1,060,061     $    604,531
         To Banks                                     $    185,365     $    201,921
         To social security institutions              $     18,475     $     37,032
         Taxes                                        $      9,546     $     30,679
         Others                                       $    216,996     $     37,678
         To third party                               $        -       $  1,544,522
    Accrued Liabilities and deferred income           $     99,818     $     58,709
    Advances - received on accounts                   $     10,624     $     10,819
    Accrued payroll and related costs                 $    129,523     $    164,232
                                                      ------------     ------------
              Total Current Liabilities               $  1,730,408     $  2,690,123

</TABLE>


b. LONG TERM DEBT

The long term debt is the quota still outstanding related to the 5 years
loan payable quarterly financed on November 2000.



<PAGE>                               12



                                        Nine months     December 31
                                           ended            2000
                                         Sept 30,01
                                        ------------    ------------
LONG-TERM DEBT:
                To Banks                $    615.238    $    722.146


c. SHAREHOLDER EQUITY

The company is presenting an increment of the shareholder equity due to the
saving on taxes of the subsidiary and the increment of the Paid In Capital
and reserves. The paid in capital and reserves have been used to provide
working capital to the company . The exchange rate Euro/USD has influence
in the shareholder equity.

<TABLE>
<CAPTION>

                                             Nine Months     December 31,
                                                ended           2000
                                             Sept-30-01
                                             -----------     ------------
<S>                                          <C>             <C>

SHAREHOLDER EQUITY
    Common Stock:
    Shares issued                                            $       -
    Capital in Excess of Par Value                           $       -
    Discount on Common stock                                 $       -
    Deficit                                                  $       -
    Preferred Stock
    Other reserves                           $ 2,071,975     $       -
    Additional paid-in capital               $ 3,590,268     $ 3,347,640
    Accumulated other comprehensive loss     $(1,015,311)    $       -
    Profit (Loss)                            $(1,111,283)    $(1,126,618)
                                             -----------     -----------
            Total Shareholders' Equity       $ 3,535,649     $ 2,221,022
                                             -----------     -----------
TOTAL LIABILTITY AND SHAREHOLDERS EQUITY     $ 5,881,295     $ 5,633,291
                                             ===========     ===========
</TABLE>


3. REVENUE

The company has good contracts but because of the difficulty to have
working capital could not deliver all the products ordered and therefore
the  revenue did not increase as it could.

<TABLE>
<CAPTION>
                                         Nine months     December 31,
                                            ended           2001
                                         Sept 30, 01
                                         ------------    ------------
<S>                                      <C>             <C>

REVENUES                                 $    924,409    $    678,141
COST OF REVENUES                         $    545,757    $    633,097
                                         ------------    ------------
        Gross Profit (Loss)              $    378,652    $     45,044

</TABLE>



<PAGE>                               13



4. EXPENSES

The operating expenses include the personnel costs, wages, salaries and
general expenses. The company has the benefit of an income tax due to
previous fiscal year.

<TABLE>
<CAPTION>
                                                 Nine months     December 31,
                                                    ended            2001
                                                 Sept 30, 01
                                                 -----------     ------------
<S>                                              <C>             <C>
OPERATING EXPENSES:
    Selling, General and administrative          $ 1,433,160     $   658,021
    Depreciation and Amortization                $   481,885     $   455,946
    Miscellaneus                                 $    10,058     $       -
                                                 $ 1,925,103     $ 1,113,967

OPERATING PROFIT (LOSS)                          $(1,546,451)    $(1,068,923)

INTEREST INCOME                                  $     4,222     $       529
INTEREST EXPENSE                                 $   (61,752)    $   (17,286)
OTHER COST                                       $       -       $   (40,938)

PROFIT (LOSS) from continuing operations         $(1,603,981)    $(1,126,618)
	BEFORE INCOME TAXES
INCOME TAXES                                     $   492,698     $       -

WRITE DOWN FROM INVESTMENTS                                      $       -

FORGIVENESS OF DEBT                                              $       -


LOSS (PROFIT) FROM CONITNUING OPERATIONS         $(1,111,283)    $(1,126,618)

NET PROFIT (LOSS)                                $(1,111,283)    $(1,126,618)

</TABLE>

The company is presenting a loss for the period of 1,111,283 USD.

EURO CURRENCY CONVERSION

The company's AmEurotech s.r.l. subsidiary is using Italian Lira as its
functional currency. The exchange rate between Euro and ITL is fixed since
January 1999. The new Euro coins and bills will become the official
currency on January 2002. The Euro/USD conversion has a material impact
on this balance sheet and financial statements because most of the
operations of the company are done in ITL/EURO.
--------------------------------------------------------------------------

ITEM 3. MARKET RISK

There have been no material changes in market risk since the prior fiscal
year end.



<PAGE>                               14



                                  PART II
                                  -------

ITEM 1 LEGAL PROCEEDINGS

The Company does not have any legal proceedings. The subsidiary has
received at the date of the filings some advice for potential legal
proceedings due to the fact that some suppliers have not been paid on
time as per agreements. The subsidiary is negotiating the solution with
the suppliers.

                                 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 authorized.

                          AMEUROTECH CORPORATION

                          /s/Stefano Zorzi
                       By:---------------------------------
                          Stefano Zorzi
                          President and CEO


                          /s/Elsia Popolo
                       By:---------------------------------
                          Elsia Popolo
                          Director and Secretary


                          /s/Gianni Callegari
                       By:---------------------------------
                          Gianni Callegari
                          Director and Treasurer



<PAGE>                                 15