United States Securities and Exchange Commission
                             Washington, D.C. 20549

                                   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 June 30, 2000.

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE ACT
     OF 1934

     For the transition period from ____________ to ___________

                        Commission file number : 0-29509

               Environmental Oil Processing Technology Corporation
                       (formerly TMI Holding Corporation)
                 (Exact name of business issuer in its charter)

           Utah                                                  82-0520055
State or other jurisdiction of                                (I.R.S. Employer
incorporation or organization)                               Identification No.)

 2801 Brandt Avenue, Nampa, Idaho                                  83687
(Address of principal executive offices)                        (Zip Code)

Issuer's telephone number: (208)-463-0063                    Fax: (208) 463-7601


--------------------------------------------------------------------------------
                                (Former Address)

The  number of  shares  of common  stock  outstanding  as of June 30,  2000,  is
34,841,935.

Transitional Small Business Disclosure Format. Yes ___, No _X_.



<PAGE>


                         PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

     The following financial statements are filed as part of this report:

     The Consolidated  Financial  Statements of the Company for the three months
and six months ended of June 30, 2000,  reviewed by HJ &  Associates,  certified
public accountants.

Item 2. Management's Discussion and Plan of Operation:

Results of Operations:

     Management of Environmental Oil Processing Technology,  Inc. (EOPT) focused
their  activity  in the first and  second  quarters  of year 2000 in  developing
operating   procedures  for  the  oil  refining  plant,  testing  the  operating
parameters of the plant,  exploring the adjustments  needed for producing diesel
and naphtha more  efficiently  and in general  experimenting  with the refinery.
Management established that the plant will operate at an efficiency level of 85%
or above with respect to the  percentage of usable  product that can be produced
from the  feed-oil,  and  established  a market for all of the product  that the
plant will  produce.  With the potential of producing  "spec" fuel,  the revenue
projections  are  substantially  higher and Management is changing its operating
plan from the sale-lease of refining  plants to other  customers to constructing
domestic  plants for company  operation.  Management  is  developing  a detailed
business plan  incorporating  the  construction of domestic company owned plants
and the leasing plants to international customers.

     Operations in the second  quarter  resulted in revenues from EOPT (sales of
used  oil and some  production  from  the  plant)  in the  amount  of  $167,699.
Operating  losses by EOPT in the second quarter  (including  depreciation)  were
$945,269.  Continued  testing and fine tuning of the refining  plant resulted in
reduced  revenues and increased costs for  modifications of the plant during the
second  quarter,  some of which  expenses will continue into the third  quarter.
Management  anticipates  that the  operating  results for the third quarter will
continue at a loss because of the  continued  testing and  modifications  of the
plant  and some  planned  replacement  of  parts.  Continuous  operation  of the
refining plant is projected to begin in September  which is expected to increase
revenues for the third quarter as a result of selling production from the plant.
However,  production  revenues in the third  quarter will not be  sufficient  to
overcome the losses as a result of modifications of the plant.

     The engineering subsidiary Project Development  Industries,  LLC, (PDI) had
revenues  in the 2nd  quarter of $757,333  with  expenses  of  $730,181  with an
operating  income of $27,152  when  adjusted for other  expenses  resulted in an
operating income of $19,899. Management anticipates that PDI will continue to be
profitable in the 3rd quarter.  PDI is currently  engineering the fabrication of
refining  plants on skids for modular  construction in both domestic and foreign
refining plant transactions.

Funding and Capital Resources:

     Management anticipates that additional capital reserves will be required to
sustain  operations  through  the 3rd  quarter  which is  expected  to come from
Private  Placement  investors.   By  the  end  of  the  3rd  quarter  Management
anticipates  that  revenues  from  the  sale of  refinery  product  and from the
sale/lease  of  refining  plants  will  generate  the  revenues  for  profitable
operations and continued activity of EOPT. Management is presently investigating
and



<PAGE>


negotiating  with  substantial  funding  sources to finance the  development and
fabrication of the refining plants for both domestic company operated operations
and the sale/lease of international refining plant facilities.

Plan of Operation:

     Management  presently plans to pursue the completion of what it believes to
be the last major modifications of the refining pilot plant in order to commence
continuous  refining  operations and production of petroleum products during the
4th quarter. Concurrently, PDI is presently investigating sites for constructing
domestic company owned facilities and Management is continuing  negotiations for
the  sale/lease  of  facilities in other  countries.  In addition,  the refining
capacity of the pilot plant is approximately  double the capacity of the present
oil collecting facilities, and Management has located sources and is negotiating
the purchase of additional used  lubricating oil for meeting the requirements of
the refining plant.

                           PART II - OTHER INFORMATION

Item 1. Legal Proceedings. None

Item 2. Changes in Securities.

     a.   Effective  upon filing an amendment to the Articles of  Incorporation,
          on July 25th, 2000, the issued and outstanding shares were split 2 for
          1, effectively doubling the number of shares of each shareholder.

     c.   On June 30, 2000, the registrant  received an additional $125,934 from
          an  existing  shareholder  Randy  Boyce for the  purchase  of  125,934
          "restricted"  shares of common  stock at the price of $1.00 per share.
          The transaction was exempt from  registration  under the provisions of
          Section 4(2) of the Securities Act of 1933.

Item 3. Defaults Upon Senior Securities. None

Item 4. Submission of Matters to a Vote of Security Holders. None

Item 5. Other Information.

     By written action of a majority of the shareholders effective July 3, 2000,
the Articles of Incorporation were amended (i) to change the name of TMI Holding
Corporation to  Environmental  Oil Processing  Technology  Corporation,  (ii) to
increase the authorized  capital of the Company to 200,000,000  shares of no par
common  stock,  and (iii) to  declare a 2 for 1 forward  split of the issued and
outstanding  common  stock.  The  Articles  of  Amendment  were  filed  with the
Secretary of State,  Division of Corporations,  of the State of Utah on July 25,
2000, and became effective on that date.

Item 6. Exhibits and Reports on form 8-K.

     (a)  Attached  is  the   Articles   of   Amendment   to  the   Articles  of
          Incorporation.

     (b)  No Form 8K filings


<PAGE>


                                   SIGNATURES

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


                             Environmental Oil Processing Technology Corporation
                                      (Formerly TMI Holding Corporation)
                                                (Registrant)


Date: August 12, 2000                By /s/ __________________________
                                     N. Tod Tripple, President and CEO



<PAGE>




                             TMI HOLDING CORPORATION
                                AND SUBSIDIARIES

                        CONSOLIDATED FINANCIAL STATEMENTS

                       June 30, 2000 and December 31, 1999




<PAGE>


                    TMI HOLDING CORPORATION AND SUBSIDIARIES

                                 Balance Sheets

                                     ASSETS

<TABLE>
<CAPTION>
                                                             June 30,        December 31,
                                                               2000              1999
                                                           -----------       -----------
                                                           (Unaudited)
<S>                                                        <C>               <C>
CURRENT ASSETS
   Cash$                                                       646,292       $   193,007
   Trade accounts receivable, less allowance for
     for doubtful accounts of $118,514 and $23,000,
     respectively                                              409,589           404,056
   Inventories                                                   6,464             6,464
   Other current assets                                         11,547             9,541
                                                           -----------       -----------
     Total Current Assets                                    1,073,892           613,068
                                                           -----------       -----------

PROPERTY, PLANT AND EQUIPMENT                                2,280,476         2,204,153
Less accumulated depreciation                                 (402,579)         (198,954)
                                                           -----------       -----------
     Property, Plant and Equipment, Net                      1,877,897         2,005,199
                                                           -----------       -----------

OTHER ASSETS
   Goodwill, net                                             3,107,258         3,284,912
                                                           -----------       -----------
     Total Other Assets                                      3,107,258         3,284,912
                                                           -----------       -----------
     TOTAL ASSETS                                          $ 6,059,047       $ 5,903,179
                                                           ===========       ===========
</TABLE>



<PAGE>


                    TMI HOLDING CORPORATION AND SUBSIDIARIES
                           Balance Sheets (Continued)


                      LIABILITIES AND STOCKHOLDERS' EQUITY

                                                    June 30,       December 31,
                                                      2000             1999
                                                  ------------    ------------
                                                   (Unaudited)
CURRENT LIABILITIES

   Current portion of notes payable               $     39,171    $     45,659
   Accounts payable                                    181,789         256,206
   Accrued expenses                                    540,869         443,654
   Line of credit                                      400,000         400,000
   Notes payable - related parties                   2,221,272         239,838
   Deferred revenue                                       --            21,457
                                                  ------------    ------------
     Total Current Liabilities                       3,383,101       1,406,814
                                                  ------------    ------------

LONG TERM DEBT
   Notes payable - related parties                        --           650,000
   Notes payable                                       101,413          99,407
                                                  ------------    ------------
     Total Long-Term Debt                              101,413         749,407
                                                  ------------    ------------
       Total Liabilities                             3,484,514       2,156,221
                                                  ------------    ------------

COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
   Common stock, no par value; 100,000,000
    shares authorized; 34,841,935 shares issued
    and outstanding, respectively                   11,443,277      11,443,277
   Stock subscription receivable                          --          (400,000)
   Accumulated deficit                              (8,868,744)     (7,296,319)
                                                  ------------    ------------
     Total Stockholders' Equity                      2,574,533       3,746,958
                                                  ------------    ------------
     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   $  6,059,047    $  5,903,179
                                                  ============    ============



<PAGE>


                    TMI HOLDING CORPORATION AND SUBSIDIARIES
                      Consolidated Statements of Operations
                                   (Unaudited)

<TABLE>
<CAPTION>
                                              For the                         For the
                                        Three Months Ended                Six Months Ended
                                              June 30,                        June 30,
                                    ----------------------------    ----------------------------
                                        2000            1999            2000            1999
                                    ------------    ------------    ------------    ------------
<S>                                 <C>             <C>             <C>             <C>
NET SALES                           $    925,032    $    402,326    $  2,394,480    $    472,416
COST OF GOODS SOLD                          --              --              --            76,457
                                    ------------    ------------    ------------    ------------
GROSS MARGIN (DEFICIT)                   925,032         402,326       2,394,480         395,959
SELLING, GENERAL AND
 ADMINISTRATIVE EXPENSES               1,854,291         539,854       3,948,801         612,637
                                    ------------    ------------    ------------    ------------
LOSS FROM OPERATIONS                    (929,259)       (137,528)     (1,554,321)       (216,678)
                                    ------------    ------------    ------------    ------------
OTHER INCOME (EXPENSE)
   Interest expense                      (10,740)         (3,327)        (29,246)         (3,327)
   Interest income                             6             606          11,142             606
                                    ------------    ------------    ------------    ------------
     Total Other Income (Expense)        (10,734)         (2,721)        (18,104)         (2,721)
                                    ------------    ------------    ------------    ------------
INCOME TAX EXPENSE                          --              --              --              --
                                    ------------    ------------    ------------    ------------
NET LOSS                            $   (939,993)   $   (140,249)   $ (1,572,425)   $   (219,399)
                                    ============    ============    ============    ============
BASIC LOSS PER COMMON SHARE         $      (0.03)   $      (0.01)   $      (0.05)   $      (0.01)
                                    ============    ============    ============    ============
WEIGHTED AVERAGE SHARES
 OUTSTANDING                          34,841,935      13,197,688      34,841,935      20,852,156
                                    ============    ============    ============    ============
</TABLE>



<PAGE>


                    TMI HOLDING CORPORATION AND SUBSIDIARIES
                 Consolidated Statements of Stockholders' Equity

<TABLE>
<CAPTION>
                                                               Stock
                                      Common Stock          Subscription  Accumulated   Stockholders'
                                 Shares         Amount       Receivable     Deficit        Equity
                              -----------    ------------   ------------  -----------   -------------
<S>                            <C>           <C>             <C>          <C>            <C>
Balance, June 1, 1997          13,197,688    $  1,858,973    $    --      $      --      $ 1,858,973
Net loss for the year ended
 May 31, 1998                        --              --           --       (1,040,340)    (1,040,340)
                              -----------    ------------    ---------    -----------    -----------
Balance,
 May 31, 1998                  13,197,688       1,858,973         --       (1,040,340)       818,633
Forgiveness of note payable
 as contribution of capital          --           487,077         --             --          487,077
Common stock issued
 for cash                      14,605,187         372,563         --             --          372,563
Net loss for the year ended
 May 31, 1999                        --              --           --         (438,797)      (438,797)
                              -----------    ------------    ---------    -----------    -----------
Balance,
 May 31, 1999                  27,802,875       2,718,613         --       (1,479,137)     1,239,476
Purchase of subsidiary          3,500,000       3,500,000         --             --        3,500,000
Common stock issued
 for cash                       1,202,810       1,029,200     (400,000)          --          629,200
Common stock issued
 for services                   3,996,064       3,996,064         --             --        3,996,064
Common stock issued
 for debt                           4,000           4,000         --             --            4,000
Common stock issued
 for equipment                    212,500         212,500         --             --          212,500
Common stock returned and
 canceled by officer           (4,676,314)           --           --             --             --
Common stock issued in
 recapitalization               2,800,000            --           --             --             --
Stock offering costs                 --           (17,100)        --             --          (17,100)
Net loss for the
 seven months ended
 December 31, 1999                   --              --           --       (5,817,182)    (5,817,182)
                              -----------    ------------    ---------    -----------    -----------
Balances,
 December 31, 1999             34,841,935      11,443,277     (400,000)    (7,296,319)     3,746,958
Performance on stock
 subscription (unaudited)            --              --        400,000           --          400,000
Net loss for the six months
 ended June 30, 2000
 (unaudited)                         --              --           --       (1,572,425)    (1,572,425)
                              -----------    ------------    ---------    -----------    -----------
Balance, June 30, 2000
 (unaudited)                   34,841,935    $ 11,443,277    $    --      $(8,868,744)   $ 2,574,533
                              ===========    ============    =========    ===========    ===========
</TABLE>


<PAGE>


                    TMI HOLDING CORPORATION AND SUBSIDIARIES
                      Consolidated Statements of Cash Flows
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                  For the                     For the
                                                             Three Months Ended           Six Months Ended
                                                                  June 30,                    June 30,
                                                          ------------------------    ------------------------
                                                             2000           1999          2000          1999
                                                          -----------    ---------    -----------    ---------
<S>                                                       <C>            <C>          <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
   Net loss                                               $  (939,993)   $(140,249)   $(1,572,425)   $(219,399)
   Adjustments to reconcile net loss to net cash
     used by operating activities:
     Depreciation and amortization                            207,027        6,423        381,279        6,423
   Changes in operating assets and liabilities:
     Accounts receivable                                      (28,512)      (2,467)        (5,533)      (6,467)
     Inventories                                                 --         20,010           --         (2,183)
     Other assets                                                (919)      (1,138)        (2,006)      (1,138)
     Accounts payable and accrued expenses                    (27,288)     (11,158)         1,341       11,716
                                                          -----------    ---------    -----------    ---------
       Net Cash (Used) by Operating Activities               (789,685)    (128,579)    (1,197,344)    (211,048)
                                                          -----------    ---------    -----------    ---------
CASH FLOWS USED IN INVESTING ACTIVITIES
   Capital expenditures                                       (36,138)      (3,775)       (76,323)     (22,899)
                                                          -----------    ---------    -----------    ---------
       Net Cash Provided (Used) by Investing Activities       (36,138)      (3,775)       (76,323)     (22,899)
                                                          -----------    ---------    -----------    ---------
CASH FLOWS FROM FINANCING ACTIVITIES
   Borrowings from Company officer                            782,464         --        1,331,434      158,800
   Payments on long-term debt                                  (6,972)     (17,837)        (4,482)     (24,485)
   Proceeds from sale of common stock                         400,000      429,820        400,000      429,820
                                                          -----------    ---------    -----------    ---------
       Net Cash Provided by Financing Activities            1,175,492      411,983      1,726,952      564,135
                                                          -----------    ---------    -----------    ---------
NET INCREASE IN CASH AND CASH
 EQUIVALENTS                                                  349,669      279,629        453,285      330,188
CASH AND CASH EQUIVALENTS,
 BEGINNING OF PERIOD                                          296,623       81,603        193,007       31,044
                                                          -----------    ---------    -----------    ---------
CASH AND EQUIVALENTS, END OF PERIOD                       $   646,292    $ 361,232    $   646,292    $ 361,232
                                                          ===========    =========    ===========    =========
SUPPLEMENTAL DISCLOSURE OF CASH FLOW
 INFORMATION:
   Cash paid for interest                                 $    10,740    $     933    $    29,246    $   1,866
   Cash paid for taxes                                    $      --      $    --      $      --      $    --
</TABLE>


SUPPLEMENTAL DISCLOSURE OF
 NON-CASH FINANCING ACTIVITIES:

Year ended December 31, 1999:

   The  President  of the Company  forgave a $487,077  note  payable to him as a
   contribution of capital to the Company.

Seven months ended December 31, 1999:

   Purchase of subsidiary for common stock valued at $3,500,000.
   Common stock issued for debt valued at $4,000.
   Common stock issued for equipment valued at $212,500.



<PAGE>


                    TMI HOLDING CORPORATION AND SUBSIDIARIES
                 Notes to the Consolidated Financial Statements
                       June 30, 2000 and December 31, 1999


NOTE 1 - CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

     The accompanying  consolidated  financial  statements have been prepared by
     the Company  without audit.  In the opinion of management,  all adjustments
     (which  include  only normal  recurring  adjustments)  necessary to present
     fairly the financial position, results of operations and cash flows at June
     30, 2000 and 1999 and for all periods presented have been made.

     Certain   information  and  footnote   disclosures   normally  included  in
     consolidated  financial  statements  prepared in accordance  with generally
     accepted  accounting  principles  have been  condensed  or  omitted.  It is
     suggested that these condensed consolidated financial statements be read in
     conjunction with the financial statements and notes thereto included in the
     Company's December 31, 1999 audited consolidated financial statements.  The
     results of operations  for the periods ended June 30, 2000 and 1999 are not
     necessarily indicative of the operating results for the full years.