SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549


                                   FORM 10QSB


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

                               CIK NO.: 0001107384

For Quarter Ended                                      Commission File Number
September 30, 2000                                              000-31189


                             TRIAD INNOVATIONS, INC.
                         -----------------------------
             (Exact name of registrant as specified in its charter)



         Nevada                                             93-0863198
         ------                                             ----------
         (State of incorporation)                           (I.R.S. Employer
                                                            Identification No.)

800 North Rainbow Boulevard, Suite #208, Las Vegas, NV  89107
-------------------------------------------------------------
(Address of principal executive offices)             (Postal Code)

Registrant's telephone number, including area code:  (702) 948-5007
                                                     --------------

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 the  filing
requirements for at least the past 90 days.

                          Yes  X        No
                              ----         -----

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

                       16,144,806 as of September 30, 2000

<PAGE>
<TABLE>
<CAPTION>


                                     Triad Innovations, Inc.
                                  (A Development Stage Company)
                                   Consolidated Balance Sheets

                                                       ASSETS
<S>                                                               <C>                    <C>

                                                                        September 30,          December 31,
                                                                           2000       1999

Current Assets
     Cash                                                          $            44,227    $             389
     Prepaid expenses                                                           22,511                 -
                                                                   -------------------    -----------------
     Total                                                                      66,738                  389

Property, Plant & Equipment (Net)                                                3,013                1,372

Other Assets
     Patents                                                                    28,719               28,720
                                                                   -------------------    -----------------
                                                                   $            98,470    $          30,481
                                                                   ===================    =================

                                        LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
     Accounts payable                                              $            68,950    $          63,697
     Short term debt-related party                                             514,004              364,103
                                                                   -------------------    -----------------
     Total                                                                     582,954              427,800

Stockholders' Equity
     Common stock, 25,000,000 authorized
        $.001 par value, 16,144,806 and 14,536,306
        shares outstanding, respectively                                        16,145               14,536
     Additional paid in capital                                              7,684,051            7,438,859
     Retained deficit accumulated during
        development stage                                                   (8,184,680)          (7,850,714)
                                                                   -------------------    -----------------
                                                                              (484,484)            (397,319)
                                                                   -------------------    -----------------
                                                                   $            98,470    $          30,481
                                                                   ===================    =================

</TABLE>


<PAGE>
<TABLE>
<CAPTION>


                                               Triad Innovations, Inc.
                                            (A Development Stage Company)
                                        Consolidated Statements of Operations
<S>                                 <C>               <C>           <C>            <C>             <C>

                                                                                                       From
                                                                                                       Inception on
                                                        For the Three               For the Nine       (October 4,
                                                        Months Ended               Months ended        1995) to
                                                        September 30,                 September 30,    September 30,
                                            2000        1999         2000         1999                 2000
                                     ---------------  ----------     --------     --------             --------

Revenue                              $          -     $        -     $       -      $        -      $        -

Expenses
   General, selling & administrative          46,186         71,528       293,051        454,976         859,597
   Research & development                     40,000           -           40,000             -          238,407
   Depreciation                                  458            233           915            700           5,985
   Oil & Gas leases                             -              -             -            17,500           4,060
                                     ---------------  -------------  --------------   -----------   -------------

Total Expenses                                86,644         71,761       333,966        473,176       1,108,049
                                     ---------------  -------------  ------------     -----------      ---------

Net (loss) from operations                   (86,644)       (71,761)     (333,966)      (473,176)     (1,108,049)
                                     ---------------  -------------  ------------     ----------     -----------

Income Tax                                      -              -             -               -               -

Net Loss                                     (86,644)       (71,761) $   (333,966)  $   (473,176)    $(1,108,049)
                                     ===============  =============  ============   =============   =============

Net Loss Per Common Share            $          (.01) $    (.01)     $       (.02)  $       (.03)
                                      ==============   ============  ============   =============

Average Shares Outstanding                16,144,806     14,536,306    15,401,637     14,307,980
                                     ===============  =============  ============   =============

</TABLE>

<PAGE>
<TABLE>
<CAPTION>


                                     Triad Innovations, Inc.
                                  (A Development Stage Company)
                              Consolidated Statements of Cash Flows
<S>                                                           <C>                <C>              <C>

                                                                                                        From
                                                                                                        Inception on
                                                               For the Nine                             (October 4,
                                                               Months  Ended                            1995) to
                                                               September 30,                            September 30,
                                                                   2000                 1999              2000
                                                               ---------------------------------        --------
Cash Flow Provided (Used) by
   Operations
     Net (Loss)                                                $     (333,966 )   $    (473,176)    $(1,108,049 )
     Depreciation                                                         915               700           5,985
     Decrease/Increase in:
       Prepaid expenses                                                22,511              -             22,511
       Accounts payable                                               133,645           199,988         527,636
        Expenses paid by others                                          -                1,657         122,810
        Expenses paid by stock                                         77,489            30,000         107,489
                                                               --------------     -------------    ------------
                                                                      (99,406 )        (240,831)       (321,618 )
Cash Flow Provided (Used) by
   Investing Activities
     Cash paid for patents                                               -               (5,378)        (28,720)
     Property, plant and equipment                                     (2,556 )            -             (2,556)
                                                               --------------     -------------    -------------
                                                                       (2,556 )          (5,378)        (31,276 )

Cash Flow Provided (Used) by
   Financing Activities
     Related party loans                                                 -               70,453          75,353
     Stock sales                                                      125,000           175,968         300,968
     Debt paid by stock                                                20,800              -             20,800
                                                               --------------     -------------    -------------
                                                                      145,800           246,421         397,121

Overall Increase (Decrease) in cash                                    43,838               212          44,227

Beginning Cash Balance                                                    389               177            -
                                                               --------------     -------------    ------------

Ending Cash Balance                                            $       44,227     $         389    $     44,227
                                                               ==============     =============    ============

Supplementary Cash Flow Information:
     Cash Paid For:
          Interest                                             $         -        $        -       $       -
          Taxes                                                $         -        $       1,657    $      1,657

Stock Issued For:
     Acquisition of Oil & Gas Properties                       $         -        $      17,500    $     17,500
     Services rendered                                         $       77,489     $      12,500    $     89,989
     Conversion of debt                                        $         -        $     106,600    $    127,400


</TABLE>


<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements


NOTE 1 - Background and History

                  Triad     Innovations,     Inc.     (formerly     Saker    One
         Corporation)(Triad)  was created on  December  23, 1981 in the State of
         Utah. Over the years, Triad has engaged in various enterprises, none of
         which  have  been  successful.  In  1998,  Triad  acquired  all  of the
         outstanding stock of Triad Compressor, Inc. a Texas corporation,  which
         owned  100% of the  outstanding  stock of Fuge  Systems,  Inc,  a Texas
         corporation.  In 1998,  Triad created,  and later merged with, a Nevada
         subsidiary.

                  Triad  Compressor  (Compressor)  was organized on February 20,
         1996 as a wholly owned subsidiary of Intelligent  Design Systems,  Inc.
         (IDS). Compressor became a separately owned company when IDS declared a
         dividend and distributed  Compressor stock to IDS  stockholders.  Triad
         then  acquired all the  outstanding  stock from IDS  stockholders  at a
         special stockholders meeting on December 21, 1998.

                  Fuge Systems,  Inc. was created on October 4, 1995 as a wholly
         owned subsidiary of IDS, which was then spun off as a wholly owned sub-
         sidiary of Compressor in November 1998.

                  Together, all three corporations,  Triad, Compressor and Fuge,
         constitute a consolidated  group of corporations  known as the Company.
         All  intercompany   accounts  and  financial   transactions  have  been
         eliminated.

                  The primary  asset of  Compressor  is a compressor  that is an
         engine  device that is  intended to be operated  using a mix of gaseous
         fuel such as natural gas that can be used in the gas industry and other
         applications.  In 1999,  the  Company  abandoned  all  research  on the
         compressor  and all costs of acquiring a patent on the process has been
         written off.

                  The primary  asset of Fuge is a gas  centrifuge  for  multiple
         applications in the oil and gas industry.

                  Both  products  are  still in the  development  stage  and all
         expenses  related to the  research  and  development  are  expensed  as
         incurred. Neither product has reached the commercially viable state and
         while  all  activities  are  directed  to  that  end,  the  Company  is
         considered to be a development stage company and all financial activity
         of that stage is reported since inception as defined by SFAS #7

NOTE 2 - Property, Plant and Equipment

                  In 1996,  the parent company of Triad  Compressor  contributed
         various  office and computer  equipment for its  operations  ($8,269 in
         original cost).



<PAGE>



                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements


NOTE 2 - Property, Plant and Equipment (continued)

                  The Company capitalizes all purchases with an estimated useful
         life beyond the year of purchase and capitalizes any expenditures which
         extends the life of existing  equipment.  Office and Computer Equipment
         is being  depreciated  over five  years at a double  declining  balance
         method. Office and computer equipment consists of the following:

                                                                  December 31,
                                                                    1999
              Office and Computer Equipment                   $       8,269
              Less: Accumulated Depreciation                         (6,897)
                                                              --------------
                                                              $       1,372
                                                              ==============

                  Depreciation expense for 1999 was $933.

NOTE 3 - Use of Estimates in Financial Statements

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

NOTE 4 - Short Term Debt - Related Party Transactions

                  During the current  period ended  September 30, 2000,  certain
         officers  and/or  directors  of the Company  made cash  advances to the
         Company,  paid amounts to third parties on behalf of the Company or has
         accrued salaries and benefits.  The amounts owing to these  individuals
         at September 30, 2000 were:
                  Jim La Porte - President & Board of Directors      $  196,343
                  Scott Brossier - CFO & Board of Directors          $  112,096
                  Mike Bloom - Exec. V.P. & Board of Directors       $  175,315
                  Houston Wood -  Board of Directors                 $        -
                  Natural Resources Limited Company                  $   30,250

                  In addition,  Houston Wood and Alan Propp were granted  50,000
         options each at $5.00 per share for services to the board of directors.
         Alan Propp is also paid $400 per day for each day he performs  services
         for the Company.  Houston Wood was issued 25,000 shares valued at $0.50
         per share for services to the board of directors.


<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements

NOTE 5 - Income Taxes

                  The Company adopted  Statement of Financial  Standards No. 109
         "Accounting  for Income taxes"  in the  fiscal year  ended December 31,
         1998 which was applied retroactively.

                  Statement  of  Financial   Accounting   Standards  No.  109  "
         Accounting for Income Taxes"  requires an asset and liability  approach
         for financial  accounting  and reporting for income tax purposes.  This
         statement  recognizes (a) the amount of taxes payable or refundable for
         the current year and (b) deferred tax liabilities and assets for future
         tax  consequences  of events that have been recognized in the financial
         statements or tax returns.

                  Deferred income taxes result from temporary differences in the
         recognition of accounting  transactions for tax and financial reporting
         purposes.  There were no temporary differences at December 31, 1999 and
         earlier  years;  accordingly,  no deferred  tax  liabilities  have been
         recognized for all years.

                  The Company has cumulative net operating loss carryforwards of
         over  $7,800,000  at December 31, 1999. No effect has been shown in the
         financial  statements for the net operating loss  carryforwards  as the
         likelihood  of  future  tax  benefit  from  such  net  operating   loss
         carryforwards  is highly  improbable.  Accordingly,  the  potential tax
         benefits of the net operating loss carryforwards,  estimated based upon
         current  tax rates at  December  31,  1998 and 1999 have been offset by
         valuation reserves of the same amount. Minimum state taxes were accrued
         through 1997. No state taxes were owed in 1998 and 1999.

NOTE 6 - Patent

                  In 1996, 1997 and 1998, the former parent corporation of Triad
         Compressor  expended  funds for the patent  research,  legal and filing
         fees for the compressor and centrifuge  being developed by the Company.
         Once the  patents  are  issued,  the costs will be  amortized  over the
         estimated  useful  and  commercial  life  of the  products.  All  costs
         incurred for the patent were contributed to the respective subsidiaries
         before  the  spinoff  to  the  shareholders  of  Triad  Compressor  and
         subsequent  acquisition  by the new parent  corporation.  In 1999,  the
         Company  abandoned  the  compressor  development  and all patent  costs
         attributed  to the  compressor  were written  off. U. S. Patent  Number
         5,902,224 relating to the centrifuge was issued on May 11, 1999.

NOTE 7 - Research and Development Costs

                  In 2000  the  Company  expended  funds  for the  research  and
         development  costs of the  centrifuge  being  developed by the Company.
         Research and development costs incurred were $40,000.

NOTE 8 - Cash and Cash Equivalents

                  The  Company  considers  all highly  liquid  investments  with
         original maturities of three months or less to be cash equivalents.


<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements

NOTE 9 - Options

          Stock Option Plans - The Company has awarded  options for the purchase
     of common stock to the following individuals:

                - 300,000 shares to Stancil at $2.00 per share, granted in 2000.

                - 50,000 restricted  shares each  to two directors for $5.00 per
                share.  The options expire  on January 25,  2001 (provisions for
                cancellation upon removal or resignation).

                - 40,800  restricted  shares  to  two  board  of  directors  for
                advances advances to  the Company  in the  amount  of $20,400 at
                $.50 per share.  The options are exercisable at anytime and have
                no expiration date.

          A summary of stock option are as follows:

    Options:                                                      2000
                                                    ----------------------------
                                                                     Weighted
                                                          Number     Average
                                                                     Of Exercise
                                                          Shares     Price
                                                        --------    ------------
           Outstanding at beginning of year              196,000    $      2.75
           Granted                                     1,216,668            .68
           Exercised                                      52,500            .35
           Canceled                                         -                 -
                                                    ------------  --------------
           Outstanding at end of year                  1,360,168    $       .99
                                                    ============  =============
           Exercisable at end of year                  1,360,168            .99
                                                    ============  =============

                  As  permitted  by  SFAS  #123   "Accounting   for  Stock-Based
         Compensation,"  the Company has elected to account for the stock option
         plans  under  APB #25  "Accounting  for  Stock  Issued  to  Employees."
         Accordingly,  no compensation  cost has been recognized for these plans
         when options were issued at equal to or more than fair market value.

                  In addition,  after January 1, 2000,  three  officers have the
         option of  converting  $229,167 in unpaid base  compensation  to common
         stock at $0.25 per share.

NOTE 10 - Earnings Per Share / Average Outstanding Shares

    The computation of earnings (loss) per share of common stock is based on the
    weighted  average number of shares  outstanding at the date of the financial
    statements.  Basic and diluted earnings per share  calculations are the same
    since any  calculation  of additional  outstanding  shares from  exercisable
    stock options (1,112,668) would be anti-dilutive.


<PAGE>


ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
--------------------------------------------------------------------------------
OF OPERATIONS
-------------

RESULTS OF OPERATIONS FOR NINE MONTH PERIOD ENDED SEPTEMBER 30, 2000 COMPARED TO
THE SAME PERIOD IN 1999.

         The  Company   operations   in  the  period   consisted  of  continuing
development of its technology and discussions  with potential  customers for its
technology.

         The Company  had no revenue in the period in 2000 or 1999.  The Company
incurred  expenses of $333,966 in the period in 2000 compared to $473,176 in the
period in 1999. Of those expenses, in 2000, a total of $295,051 were general and
administrative  compared to  $454,976  in 1999 for  general  and  administrative
expenses.  The Company spent $40,000 in development expenses in 2000 compared to
none in 1999 in the period.

         The Company had net losses of ($333,966)  and  ($473,176) in the period
in 2000 and 1999, respectively.  The loss per share was ($.02) and ($.03) in the
period in 2000 and 1999, respectively.

         The Company  anticipates  that its losses  will  continue in the future
until  it is  able  to  generate  revenues  through  use  and  licensing  of its
technology at about the same rate as in the year 2000 to date.

RESULTS OF  OPERATIONS  FOR THE NINE  MONTH  PERIOD  ENDED  SEPTEMBER  30,  2000
COMPARED TO THE SAME PERIOD IN 1999.

         The Company had no revenues in the quarter in 2000 or 1999. The Company
incurred  expenses  of  $86,644  and  $71,761  in the  quarter in 2000 and 1999,
respectively.  General  and  administrative  expenses  were  $46,186 in 2000 and
$71,528 in 1999 in the quarter.  The Company spent $40,000 on development in the
quarter in 2000 and none in 1999.

         The  Company  had a net loss in the  quarter of  ($86,644)  in 2000 and
($71,761) in 1999.  The net loss per share in the quarter was ($.01) in 2000 and
($.01) in 1999.

LIQUIDITY AND CAPITAL RESOURCES

         The Company  liquidity  increased to $44,227 in cash at period end from
$389 on December 31 1999 as a result of private  placement of stock. The Company
liabilities, all of which were current, were $582,954 at September 30, 2000. The
Company has a deficit of current assets to current  liabilities of ($516,216) at
September  30,  2000.  The Company  will need to seek other  sources of capital,
loans,  or private  placements in order to continue its business and pay current
liabilities.


<PAGE>




                           PART II - OTHER INFORMATION

ITEM 1.     LEGAL PROCEEDINGS

            None

ITEM 2.     CHANGES IN SECURITIES

            None

ITEM 3.     DEFAULT UPON SENIOR SECURITIES

            None

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

            None

ITEM 5.     OTHER INFORMATION

     James  LaPorte  resigned as President  effective  July 31, 2000 and will be
issued 600,000 shares of common stock for prior services.

ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

            None


<PAGE>




                                   SIGNATURES

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



                                               TRIAD INNOVATIONS, INC.



Date:  November 27, 2000                       /s/ Janis Monroe
                                               ---------------------------------
                                               Janis Monroe, CEO