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
March 31, 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 March 31, 2001

<PAGE>

ITEM 1. FINANCIAL STATEMENTS



                            TRIAD INNOVATIONS, INC.
                         (A Development Stage Company)

                       Consolidated Financial Statements

                                 March 31, 2001

<PAGE>

<TABLE>
<CAPTION>

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

                                                      ASSETS

                                                         March 31,         December 31,
                                                           2001                2000
                                                    ------------------  ------------------
<S>                                                 <C>                 <C>

CURRENT ASSETS
     Cash (Note 8)                                  $           7,497   $           6,527
                                                    ------------------  ------------------
     Total                                                      7,497               6,527

Property, Plant & Equipment (Net)(Note 2)                       2,424               2,823

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

TOTAL ASSETS                                        $          38,641   $          38,070
                                                    ==================  ==================


                                       LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
     Accounts payable                               $          74,482   $          68,299
     Short term debt (Note 12)                                551,485             514,004
                                                    ------------------  ------------------
     Total                                                    625,967             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                                  (8,297,160)         (8,253,928)
                                                    ----------------------------------------

     Total Stockholders' Equity                              (587,326)           (544,233)
                                                    ------------------  ------------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY          $          38,641   $          38,070
                                                    ==================  ==================



    The accompanying notes are an integral part of these financial statements

</TABLE>


<PAGE>
<TABLE>
<CAPTION>


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

                                                                                              From
                                                                                          Inception on
                                                  For the Three       For the Three        (October 4,
                                                  Months Ended         Months Ended          1995) to
                                                    March 31,           March 31,           March 31,
                                                      2001                2000                2001
                                                -----------------  ------------------  ------------------
<S>                                             <C>                <C>                 <C>

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

EXPENSES
   General & administrative                               42,700             158,979             946,346
   Research & development (Note 6)                      -                   -                    263,407
   Oil & Gas leases                                     -                   -                      4,060
   Depreciation (Note 2)                                     453                 228               6,637
                                                -----------------  ------------------  ------------------

   Total Expenses                                         43,153             159,207           1,220,450

NET (LOSS) - Before Taxes                       $        (43,153)  $        (159,207)  $      (1,220,450)
----------

Income Tax (Note 4)                                     -                   -                   -

INCOME (LOSS)                                   $        (43,153)  $        (159,207)  $      (1,220,450)
-------------                                   =================  ==================  ====================

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

Average Shares Outstanding (Note 11)                  15,406,993          14,843,000
                                                =================  ==================


</TABLE>

    The accompanying notes are an integral part of these financial statements


<PAGE>
<TABLE>
<CAPTION>

                                              Triad Innovations, Inc.
                                           (A Development Stage Company)
                                       Consolidated Statements of Cash Flows
                                                                                                        From
                                                                                                    Inception on
                                                                                                    For the Year
                                                            For the Three       For the Three        (October 4,
                                                             Months Ended        Months Ended     1995) to
                                                              March 31,           March 31,           March 31,
                                                                2001                2000                2001
                                                          -----------------  ------------------  ------------------
<S>                                                       <C>                <C>                 <C>

CASH FLOWS FROM
   OPERATING ACTIVITIES
     Net Income (Loss)                                    $        (43,152)  $        (159,207)  $      (1,220,450)
     Depreciation                                                      458                 228               6,637
   Decrease/Increase in:
     Prepaid expenses                                             -                    (22,510)           -
     Accounts payable                                                6,183               3,962             576,478
     Expenses paid by others                                      -                   -                    122,816
     Expenses paid by stock                                       -                   -                    139,500
                                                          -----------------  ------------------  ------------------
                                                                   (36,511)           (177,527)           (375,019)

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                                        12,000            -                     12,000
     Related party loans                                            25,480              74,497             100,833
     Stock sales                                                  -                    103,000             300,968
                                                          -----------------  ------------------  ------------------
                                                                    37,480             177,497             413,801

INCREASE (DECREASE) IN CASH
   AND CASH EQUIVALENTS                                                969                (30)               7,497
   --------------------

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

CASH AND CASH EQUIVALENTS
   AT THE END OF PERIOD                                   $          7,497   $            359    $           7,497
   --------------------                                   =================  ==================  ==================

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>

    The accompanying notes are an integral part of these financial statements


<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                                 March 31, 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 are 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.


<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                                 March 31, 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. Office and computer equipment consists of the following:

<TABLE>
<CAPTION>

                                                         March 31,           December 31,
                                                         2001                   2000
                                                    ---------------      -----------------
<S>                                                 <C>                  <C>

              Office and Computer Equipment         $        10,834      $          10,834
              Less: Accumulated Depreciation                 (8,410)                (8,011)
                                                    ---------------      -----------------
                                                    $         2,424      $           2,823
                                                    ===============      =================

</TABLE>

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
         "Accounting 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.



<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                                 March 31, 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. 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
         by 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 had 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. 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.



<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                                 March 31, 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 board of directors 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:                                         March  31, 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.



<PAGE>


                             Triad Innovations, Inc.
                 Notes to the Consolidated Financial Statements
                                 March 31, 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 - Short Term Debt
-------------------------

         Short term debts consists 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.


<PAGE>


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

RESULTS OF  OPERATIONS  FOR QUARTER ENDED MARCH 31, 2001 COMPARED TO SAME PERIOD
IN 2000

     The Company had no revenue in 2001 or 2000. The Company  incurred  expenses
of $43,153 in the  quarter in 2001  compared  to  $159,207 in the same period in
2000.  The net loss was ($43,153) in 2001 compared to ($159,207) in 2000 for the
first quarter.

     The Company had no actual  operations  during the first quarter of 2001 due
to lack of  capital  to  conduct  research,  product  development  or any  other
significant operations.  At this time, the Company has no operating prototype of
its  technology  and is  without  capital to build and test a  prototype  of its
technology. The Company expects the trend of losses to continue.


LIQUIDITY AND CAPITAL RESOURCES

     The Company has no capital  with which to conduct  operations  and needs to
borrow funds or conduct a private  placement of equity.  The Company is illiquid
and has no assets which are  marketable  at this time.  Its  liabilities  exceed
current assets by ($617,870) at March 31, 2001.




<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 3/28/01


<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:  May 22, 2001                            /s/ Chris Micklatcher
                                               ---------------------------------
                                               Chris Micklatcher, Acting CEO