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
June 30, 2001                                               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:  (616) 969-9752
                                                     --------------

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.

                         16,234,958 as of June 30, 2001

<PAGE>

ITEM 1. FINANCIAL STATEMENTS



                             TRIAD INNOVATIONS, INC.
                          (A Development Stage Company)

                        Consolidated Financial Statements

                                  June 30, 2001





<PAGE>
<TABLE>
<CAPTION>


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

                                     ASSETS

                                                                                  June 30,          December 31,
                                                                                    2001                2000
                                                                             ------------------  ------------------
<S>                                                                          <C>                 <C>

CURRENT ASSETS
     Cash (Note 8)                                                           $           7,899   $           6,527
                                                                             ------------------  ------------------
     Total                                                                               7,899               6,527

Property, Plant & Equipment (Net)(Note 2)                                                2,038               2,823

Other Assets
     Patents (Note 5)                                                                   28,720              28,720
                                                                             ------------------  ------------------

TOTAL ASSETS                                                                 $          38,657   $          38,070
                                                                             ==================  ==================


                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
     Accounts payable                                                        $          73,409   $          68,299
     Accounts payable - Related Party (Note 12)                                          2,106            -
     Interest payable                                                                      131            -
     Short term debt - Related Party (Note 12)                                         521,234              30,250
     Short term debt (Note 13)                                                          47,250             483,754
                                                                             ------------------  ------------------

     Total                                                                             644,130             582,303

Commitments and Contingencies (Note 7)                                                -                   -

STOCKHOLDERS' EQUITY
     Common stock, 25,000,000 authorized
        $.001 par value, 16,234,958
        shares outstanding                                                              16,235              16,235
     Additional paid in capital                                                       7,693,599           7,693,460
     Retained deficit accumulated during
        development stage                                                             (8,315,307)         (8,253,928)
                                                                             ----------------------------------------

     Total Stockholders' Equity                                                       (605,473)           (544,233)
                                                                             ------------------  ------------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                   $          38,657   $          38,070
                                                                             ==================  ==================
</TABLE>


                             SEE ACCOMPANYING NOTES

                                      F-1


<PAGE>
<TABLE>
<CAPTION>



                             Triad Innovations, Inc.
                          (A Development Stage Company)
                      Consolidated Statements of Operations

                                                                                                                            From
                                                                                                                  Inception on
                                             For the Three     For the Three     For the Six       For the Six       (October 4,
                                             Months Ended    Months Ended       Months Ended    Months Ended          1995) to
                                               June 30,          June 30,         June 30,          June 30,          June 30,
                                                 2001              2000             2001              2000              2001
                                            ---------------  ----------------  ---------------  ----------------  ---------------
<S>                                         <C>              <C>               <C>              <C>                <C>

REVENUE                                     $      -         $       -         $      -         $       -         $       -
-------

EXPENSES
   General & administrative                         17,631            88,981           60,330           247,960           963,977
   Research & development (Note 6)                 -                 -                -                 -                 263,407
   Oil & Gas leases                                -                 -                -                 -                  4,060
   Interest                                            131           -                    131           -                    131
   Depreciation (Note 2)                               385               228              838               456            7,022
                                            ---------------  ----------------  ---------------  ----------------  ---------------

   Total Expenses                                   18,147            89,209           61,299           248,416        1,238,597

NET (LOSS) - Before Taxes                   $      (18,147)  $       (89,209)  $      (61,299)  $       (248,416) $   (1,238,597)
----------

Income Tax (Note 4)                                -                 -                -                 -                 -

INCOME (LOSS)                               $      (18,147)  $       (89,209)  $      (61,299)  $       (248,416) $   (1,238,597)
-------------                               ===============  ================  ===============  ================= ================

Net Loss Per Common Share (Note 11)         $        (0.00)  $         (0.01)  $        (0.00)  $         (0.02)
                                            ===============  ================  ===============  ================

Average Shares Outstanding (Note 11)               16,234,955        14,604,893       16,234,955        14,756,155
                                            =======================================================================

</TABLE>


                             SEE ACCOMPANYING NOTES

                                      F-2


<PAGE>
<TABLE>
<CAPTION>



                                                       Triad Innovations, Inc.
                                                    (A Development Stage Company)
                                                Consolidated Statements of Cash Flows
                                                                                                                 From
                                                                                                             Inception on
                                                                                                             For the Year
                                                                      For the Six         For the Six         (October 4,
                                                                     Months Ended        Months Ended     1995) to
                                                                       June 30,            June 30,            June 30,
                                                                         2001                2000                2001
                                                                  ------------------  ------------------  -----------------
<S>                                                               <C>                 <C>                 <C>
CASH FLOWS FROM
   OPERATING ACTIVITIES
     Net Income (Loss)                                            $         (61,299)  $        (248,416)  $        (1,238,597)
     Depreciation                                                               843                 456                 7,022
   Decrease/Increase in:
     Prepaid expenses                                                      -                   (22,510)               -
     Accounts payable                                                         1,164              92,135               577,642
     Expenses paid by others                                                  6,183            -                      122,816
     Expenses paid by stock                                                -                   -                      139,500
                                                                  ------------------  ------------------     -----------------
                                                                            (53,109)           (178,335)             (391,617)

CASH FLOWS FROM
   INVESTING ACTIVITIES
     Cash paid for patents                                                 -                   -                      (28,720)
     Cash paid for equipment                                               -                   -                       (2,565)
                                                                  ------------------  ------------------     -----------------
                                                                           -                   -                      (31,285)

CASH FLOWS FROM
   FINANCING ACTIVITIES
     Secured short term debt                                                 17,000              99,497                29,000
     Related party loans                                                     12,000            -                      100,833
     Stock sales                                                             25,480             103,000               300,968
                                                                  ------------------  ------------------     -----------------
                                                                             54,480             202,497               430,801

INCREASE (DECREASE) IN CASH
   AND CASH EQUIVALENTS                                                       1,371              24,162                 7,899
   --------------------

CASH AND CASH EQUIVALENTS
   AT THE BEGINNING OF PERIOD                                                 6,528                 389               -
   --------------------------                                     ------------------  ------------------     -----------------

CASH AND CASH EQUIVALENTS
   AT THE END OF PERIOD                                           $           7,899   $          24,551   $             7,899
   --------------------                                           ==================  ==================     =================

CASH PAID DURING THE PERIOD FOR:
     Interest                                                     $        -          $        -          $           -
     Income taxes                                                 $        -          $        -          $             1,657

STOCK ISSUED FOR:
     Acquisition of Oil & Gas Properties                          $        -          $        -          $            17,500
     Services Rendered                                            $        -          $        -          $           231,500
     Conversion of Debt                                           $        -          $        -          $           150,200

</TABLE>

                             SEE ACCOMPANYING NOTES

                                      F-4


<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                                  June 30, 2001

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 1999, 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 1999,
         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, 1999.

         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 subsidiary
         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.

         The centrifuge is still in the development stage and all expenses
         related to the research and development are expensed as incurred. The
         centrifuge has not 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). In 2000, the Company purchased additional office equipment
         valued at $2,565.


                                      F-5

<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                                  June 30, 2001

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.

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 - Income Taxes

         The Company adopted Statement of Financial Standards No. 109 "Account-
         ing for Income taxes" in the fiscal year ended December 31, 2000 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, 2000 and
         earlier years; accordingly, no deferred tax liabilities have been
         recognized for all years.

         The Company has cumulative net operating loss carryforwards of over
         $8,200,000 at December 31, 2000. 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, 1999 and 2000 have been offset by
         valuation reserves of the same amount.


                                      F-6

<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                                  June 30, 2001

NOTE 5 - 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. The international patent
         on the centrifuge has expired, however development of the centrifuge
         continues. While research and development costs will be expensed, costs
         related to the patent will be capitalized and amortized once the
         equipment reaches a commercially viable state. U. S. Patent Number
         5,902,224 relating to the centrifuge was issued on May 11, 1999.

NOTE 6 - Research and Development Costs

         In 1996, 1997 and 1998, the former parent corporation of Triad
         Compressor expended funds for the research and development costs of the
         compressor and centrifuge being developed by the Company. Research and
         development costs incurred were $3,494, $32,014 and $162,899 for 1996,
         1997 and 1998. During 2000, the Company expensed $65,000 in research
         and development costs, compared to $0 in 1999. All costs incurred for
         the research and development costs were contributed to the respective
         subsidiaries before the spinoff to the shareholders of Triad Compressor
         and subsequent acquisition by the new parent.

NOTE 7 - Commitments and Contingencies

         Early in 2001, Mike Bloom, resigned as officer and director of the
         Company and has asserted that his development of technology for the
         Company has been hindered by the lack of financial support. He has
         advised the Company that he is the process of recruiting and funding
         the necessary development personnel to complete a product, which will
         be housed in his own development company. He has suggested that the
         Company focus its efforts toward joint venture opportunities, and
         maintaining the joint venture relationship between himself and the
         Company. In that regard he has suggested that Triad will need to pay a
         fee that will entitle the Company to fully use the technology in the
         ethanol and specified desalting fields. He has indicated that his
         company will continue, protect, and control the research and
         development process exclusively. He has also said that he will take the
         steps necessary to advance the intellectual property segment. The
         Company has only recently received this communication and is uncertain
         as to the financial or legal implications of this development. As
         defined by SFAS #5, there have been no adjustments made to the
         financial statements concerning this matter.

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.


                                      F-7

<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                                  June 30, 2001

NOTE 9 - Going Concern

         The Company's financial statements are prepared using generally
         accepted accounting principles applicable to a going concern, which
         contemplates the realization of assets and liquidation of liabilities
         in the normal course of business. Currently, the Company does not have
         significant cash or other material assets, nor does it have an
         established source of revenues sufficient to cover its operating costs
         and to allow it to continue as a going concern. The Company is
         currently seeking equity funding through private placements to raise
         sufficient funds to continue operations and fund its ongoing research
         and development activities.

NOTE 10 - Options

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

                  - 300,000 restricted shares to a promotion company for $2.00
                  per share for services rendered in 2000.

                  - 60,800 restricted shares to two members of the board for
                  advances to the Company in the amount of $30,400 at $.50 per
                  share. The options are exercisable at anytime and have no
                  expiration date.

          A summary of stock option are as follows:


         Options:                                           June  30, 2001
                                                    ---------------------------
                                                                     Weighted
                                                          Number     Average
                                                           Of        Exercise
                                                          Shares     Price
                                                    ------------  -------------
           Outstanding at beginning of year              196,000  $        2.75
           Granted                                       300,000           2.00
           Exercised                                        -              -
           Canceled                                      135,200           3.76
                                                    ------------  -------------
           Outstanding at end of year                    360,800  $        1.74
                                                    ============  =============
           Exercisable at end of year                    360,800  $        1.74
                                                    ============  =============

         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.

                                      F-8

<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                                  June 30, 2001

NOTE 11 - 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 (360,800) would be anti-dilutive.

NOTE 12 - Related Party Transactions

         Short term debts consist of accrued wages and advances made to the
         Company from the former members of the board of directors. The Company
         is currently negotiating with the former board members to exchange the
         debt for stock. The debt is non-interest bearing and has no terms.

         Due to the lack of resources, the Company's president advanced money
         for general and administrative expenses incurred during the quarter.
         The amount due holds no interest and will be paid when additional
         funding is received.

NOTE 13 - Short Term Debt

         During the quarter, the Company issued three promissory notes totaling
         $17,000. Interest accrues at the rate of 15% annually beginning on June
         1, 2001 and June 26, 2001, the dates of the notes. Principal and
         interest are due on demand after June 2, 2002 and June 27, 2001. The
         holder of the note may convert at any time the unpaid principal and
         interest portion for the Company's restricted stock at the price of
         $.15 per share. Accrued interest payable for the related notes is $131
         as of June 30, 2001.


                                      F-9

<PAGE>



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

RESULTS OF  OPERATIONS  FOR QUARTER ENDED JUNE 30, 2001  COMPARED TO SAME PERIOD
IN 2000

     The Company had very limited  operations in the quarter in 2001 compared to
the same  quarter  in 2000 and had no  revenue in either  quarter.  The  Company
incurred  general  and  administrative  expenses  of $17,631  and $88,981 in the
quarter in 2001 and 2000 respectively. The Company had total expenses of $18,147
and $89,209 in the quarters in 2001 and 2000 respectively.

     The  Company  had a net loss of  ($18,147)  in the  second  quarter in 2001
compared to a net loss of ($89,209) in the second  quarter in 2000. The loss per
share was nominal in the second quarter in 2001 and ($.01) in the second quarter
in 2000.


RESULTS OF OPERATIONS FOR SIX MONTHS ENDED JUNE 30, 2001 COMPARED TO SAME PERIOD
IN 2000

     The  Company  had limited  operations  in the six month  period in 2001 and
2000. The Company incurred $59,102 in general and administrative expenses in the
six month  period in 2001  compared to $246,865 in the six month period in 2000.
The Company had total  expenses of $60,071 and $247,322 in the six month periods
in 2001 and 2000  respectively.  The  Company  had net losses of  ($60,071)  and
($247,322) in the six month periods in 2001 and 2000 respectively.  The net loss
per share was  nominal in the six month  period in 2001 and ($.02) in the period
in 2000.


LIQUIDITY AND CAPITAL RESOURCES

     The Company had nominal cash for operations at June 30, 2001 and it will be
necessary to obtain loans or make private  placements of equity in order to fund
operations  in the  future.  The  Company  does  not have any  ready  source  or
commitment for loans or private placements at this time.


<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

            None

ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

            8-K filed 5/17/01
            8-K filed 5/29/01
            8-K filed 6/21/01
            8-K filed 6/30/01


<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:  August 17, 2001                         /s/ Chris Micklatcher
                                               ---------------------------------
                                               Chris Micklatcher, Acting CEO