UNITED STATES
                        SECURITY AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FOR 10-QSB

[x] Quarterly Report pursuant to Section 13 or 15 (d) of the Securities Exchange
    Act of 1934

               For the quarterly period ended   September 30, 2001
                                                ------------------

[ ] Transition Report pursuant to 13 or 15 (d) of the Securities Exchange Act
    of 1934
               For the transition period from            to
                                              ----------   ----------

                         Commission File Number 0-28607

                    Innovative Holdings & Technologies, Inc.

         Colorado                                                74-2929034
-------------------------------                              -------------------
(State or other jurisdiction of                                 (IRS Employer
           incorporation)                                    Identification No.)

300 South Orange Avenue
Suite 1500
Orlando, FL                                                            32801
----------------------------------------                           -------------
(Address of principal executive offices)                             (Zip Code)

Issuer's telephone number, including area code: (407-244-3756)
                                                --------------

Indicated  by a check  mark,  whether  the  issuer  (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 period the issuer was required
to file such reports),  and (2) has been subject to such filing requirements for
the past 90 days [X] Yes [ ] No

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

         Class                              Outstanding as of September 30, 2001
------------------------------              ------------------------------------
Common Stock, $.0001 par value                          28,405,450

<PAGE>

                                TABLE OF CONTENTS

                                                                         Page
                                                                         ----

PART I.  FINANCIAL INFORMATION

Item 1.  Condensed  Financial Statements                                   3

           Independent Accountants' Review Report                          3

           Condensed Balance Sheets - September 30,
             2001 and December 31, 2000                                    4

           Condensed Statements of Operations -
             three months ended September 30, 2001 and 2000,
             and nine months ended September 30, 2001 and 2000             5

           Condensed Statements of Cash Flows -
             Nine months ended September 30, 2001 and 2000                 6

           Notes to Condensed Financial Statements                         7

Item 2.  Management's Discussion and Analysis
           and Results of Operations                                       9

PART II.  OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K

          SIGNATURES                                                      13


                                                                               2

<PAGE>



PART 1
Item 1.  Financial Statements

                             DIROCCO & DOMBROW, P.A.
                       3601 W. COMMERCIAL BLVD, SUITE #39
                            FT. LAUDERDALE, FL 33309
                                 (954) 731-8181

          REPORT ON REVIEW BY INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
          ------------------------------------------------------------

Board of Directors
Innovative Holdings & Technologies, Inc. and Subsidiaries
Orlando, Florida

We have  reviewed the  accompanying  condensed  consolidated  balance  sheets of
Innovative  Holdings & Technologies,  Inc. and  Subsidiaries as of September 30,
2001 and the related  condensed  consolidated  statements of operations  for the
three and nine months ended  September 30, 2001 and 2000,  and the statements of
cash  flows for the nine  months  ended  September  30,  2001,  included  in the
accompanying Securities and Exchange Commission Form 10-QSB for the period ended
September 30, 2001. These condensed  consolidated  financial  statements are the
responsibility of the Company's management.

We  conducted  our  reviews in  accordance  with  standards  established  by the
American  Institute  of  Certified  Public  Accountants.  A  review  of  interim
financial  information consists principally of applying analytical procedures to
financial  data and making  inquiries of persons  responsible  for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of which is
the  expression  of an opinion  regarding the  financial  statements  taken as a
whole. Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material  modification that should
be made to the accompanying condensed consolidated financial statements for them
to be in conformity with generally accepted accounting principles.

The accompanying  condensed consolidated financial statements have been prepared
assuming that the Company will continue as a going concern. As discussed in Note
3 to the condensed consolidated financial statements,  the Company's significant
operating  losses  raise  substantial  doubt  about its ability to continue as a
going concern.  Management's plans regarding those matters also are described in
Note 3. The  condensed  consolidated  financial  statements  do not  include any
adjustments that might result from the outcome of this uncertainty.

We have  previously  audited,  in accordance  with generally  accepted  auditing
standards,   the  balance  sheet  as  of  December  31,  2000  and  the  related
consolidated  statements of operations,  stockholders' equity and cash flows for
the year then ended (not presented  herein).  In our report dated March 2, 2001,
we  expressed  an  unqualified  opinion on those  financial  statements.  In our
opinion,  the information set forth in the accompanying  condensed  consolidated
balance sheet as of December 31, 2000, is fairly stated in all material respects
in relation to the balance sheet from which it has been derived.



/s/ DiRocco & Dombrow, P.A.
November 16, 2001

                                                                               3


<PAGE>
<TABLE>
<CAPTION>

           INNOVATIVE HOLDINGS AND TECHNOLOGIES, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS



                                     ASSETS

                                                                                September 30,   December 31,
                                                                                     2000           2000
                                                                                 -----------    -----------
                                                                                                 (Audited)
<S>                                                                              <C>            <C>
Current assets
  Cash                                                                           $     1,946    $       440
  Prepaid expenses                                                                    25,000         28,953
 Due from affiliate                                                                   69,800         59,800
                                                                                 -----------    -----------
     Total current assets                                                             96,746         89,193

Investments                                                                              200            200
Property and equipment (net)                                                          14,015         18,567
Other assets                                                                           3,473          3,473
                                                                                 -----------    -----------
     Total assets                                                                $   114,434    $   362,222
                                                                                 ===========    ===========

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

Current liabilities
  Accounts payable and accrued
    expenses                                                                     $    49,043    $    52,212
  Withholding taxes payable                                                          167,190        171,816
  Due to stockholder                                                                 273,983        155,287
  Notes payable                                                                         --           25,000
  Due to affiliate                                                                    54,348        126,218
                                                                                 -----------    -----------
     Total current liabilities                                                       544,564        530,533
                                                                                 -----------    -----------

Stockholders' equity (deficit)
  Preferred stock, $.001 par value, 50,000,000
   shares authorized, no shares issued and
   outstanding                                                                          --             --

  Common stock, $.0001 par value, 450,000,000
   shares authorized, 28,405,450 and 27,124,884
   issued and outstanding, respectively                                                2,841          2,638
  Additional paid-in capital                                                       3,261,820      3,162,023
  Stock subscriptions receivable                                                    (284,000)      (284,000)
  Deficit                                                                         (3,410,791)    (3,299,761)
                                                                                 -----------    -----------
     Total stockholders' equity (deficit)                                           (430,130)      (419,100)
                                                                                 -----------    -----------
     Total liabilities and stockholders' equity (deficit)                        $   114,434    $   111,433
                                                                                 ===========    ===========
</TABLE>


See accompanying summary of notes to unaudited condensed consolidated
financial statements.

                                                                               4

<PAGE>
<TABLE>
<CAPTION>

            INNOVATIVE HOLDINGS & TECHNOLOGIES, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS



                                       Three Months Ended              Nine Months Ended
                                         September 30,                   September 30,
                                 ----------------------------    ----------------------------
                                      2001            2000            2001            2000
                                 ------------    ------------    ------------    ------------
<S>                              <C>             <C>             <C>             <C>
Expenses
  General and administrative     $     65,537    $     67,212    $    109,382    $    242,209
  Interest expense                        148            --             1,648           6,641
                                 ------------    ------------    ------------    ------------
     Total expenses                    65,685          67,212         111,030         248,850
                                 ------------    ------------    ------------    ------------

Operating loss                        (65,685)        (67,212)       (111,030)       (248,850)

Other Income                             --              --              --               309
                                 ------------    ------------    ------------    ------------

Net loss                         $    (65,685)   $    (67,212)   $   (111,030)   $   (248,541)
                                 ============    ============    ============    ============


Basic loss per share             $      (0.00)   $      (0.00)   $      (0.00)   $      (0.01)
                                 ============    ============    ============    ============

Weighted Average Common Shares     27,565,817      17,834,051      26,854,203      23,536,194
                                 ============    ============    ============    ============
</TABLE>

See accompanying summary of notes to unaudited condensed consolidated
financial statements.

                                                                               5


<PAGE>

           INNOVATIVE HOLDINGS & TECHNOLOGIES, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                           Nine Months Ended
                                                             September 30,
                                                        ------------------------
                                                          2001         2000
                                                        ---------    ---------
Cash flows from operating activities:
Net loss                                                $(111,030)   $(248,541)
Adjustments to reconcile net loss to net cash used by
operating activities:
Depreciation                                                4,552        3,068
(Increase) decrease in:
Prepaid expenses                                            3,953         --
Note receivable                                              --         (2,108)
Other receivable                                             --         (2,657)
Other assets                                                 --            790
Increase (decrease) in:
Accounts payable and accrued expenses                      (3,169)      (1,665)
Withholding taxes payable                                  (4,626)         553
                                                        ---------    ---------
Net cash used by operating activities                    (110,320)    (250,560)
                                                        ---------    ---------

Cash flows from investing activities:
Purchase of license agreement                                --        (60,000)
                                                        ---------    ---------
            Net cash used by investing activities            --        (60,000)
                                                        ---------    ---------

Cash flows from financing activities:
Proceeds from  notes payable                                 --         96,700
Repayments of notes payable                               (25,000)        --
Advances from affiliate                                      --        211,849
Repayments of advances from affiliate                     (71,870)        --
Advances to affiliate                                     (10,000)        --
Loan from shareholder                                     118,696         --
Proceeds from issuance of stock                           100,000         --
                                                        ---------    ---------
            Net cash provided by financing activities     111,826      308,549
                                                        ---------    ---------

Increase (decrease)  in cash                                1,506       (2,011)
Cash at beginning of period                                   440        2,011
                                                        ---------    ---------
Cash at end of period                                   $   1,946    $    --
                                                        =========    =========


Supplemental Information
Interest paid                                           $     898    $    --
                                                        =========    =========

See accompanying summary of notes to unaudited condensed consolidated
financial statements.

                                                                               6


<PAGE>


            INNOVATIVE HOLDINGS & TECHNOLOGIES, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


1.   Presentation of Interim Information

In the opinion of the management of Innovative Holdings & Technologies, Inc. and
Subsidiaries (the  "Company"),  the  accompanying  unaudited  condensed
consolidated  financial  statements  include all normal  adjustments  considered
necessary to present fairly the financial position as of September 30, 2001, and
the results of its operations and cash flows for the nine months ended September
30, 2001 and 2000. Interim results are not necessarily indicative of results for
a full year.

The  condensed  consolidated  financial  statements  and notes are  presented as
permitted by Form 10-QSB, and do not contain certain information included in the
Company's audited consolidated financial statements and notes for the year ended
December 31, 2000.

2.   Financial Statements

The  condensed  consolidated  financial  statements  include the accounts of the
Company and its  subsidiaries.  All significant  intercompany  transactions  and
balances have been eliminated.

3.   Going Concern

As shown in the  accompanying  financial  statements,  the Company  incurred net
losses of $111,030 for the nine months ended  September 30, 2001.  The Company's
current  liabilities  exceeded its current  assets by $447,818 at September  30,
2001.  The ability of the Company to continue as a going concern is dependent on
the development and marketing of products to be offered by its subsidiaries. The
Company will offer  additional  shares of its common stock to raise  capital and
obtain financing on an as needed basis.

4.   Stock Options

On March 10, 1998,  the Company  entered into a stock option  agreement in which
the Company granted the option to stockholders and consultants to purchase up to
21,000,000  shares of common  stock for an exercise  price of $0.05 per share at
any time through March 9, 2003.

The  following  is a summary of stock  option plan  activity for the nine months
ended September 30, 2001:

         Number of options outstanding on September 30, 2001          17,000,000
                                                                      ==========

         Weighted average exercise price per share
           outstanding and exercisable                               $      0.05
                                                                      ==========

         Weighted average remaining contractual life of
             options outstanding and exercisable                     $      1.75
                                                                     ===========

         No options were forfeited or expired in 2001.


                                       -7-


<PAGE>


            INNOVATIVE HOLDINGS & TECHNOLOGIES, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

4.   Stock Options, (Continued)

     SFAS No. 123,  "Accounting  for  Stock-Based  Compensation"  (SFAS 123) was
     issued during 1995 and is effective for fiscal years ending after  December
     15, 1996. This pronouncement established financial accounting and reporting
     standards for stock-based employee  compensation plans. It encourages,  but
     does not require, companies to recognize compensation expense for grants of
     stock,  stock option and other equity instruments to employees based on new
     fair  accounting  rules.  Companies  that  choose not to adopt the new fair
     value accounting rules are required to disclose net income and earnings per
     share under the new method on a pro forma basis.  The Company  accounts for
     its options and warrants according to APB No. 25 and follows the disclosure
     provision of SFAS 123.  Accordingly,  if options or warrants are granted to
     employees or others for services and other  consideration  with an exercise
     price below the fair market value on the date of the grant,  the difference
     between  the  exercise  price  and the  fair  market  value is  charged  to
     operations.  No options were granted during the nine months ended September
     30,2001 or for the year ended December 31, 2000.

5.   Contingencies

     The Securities and Exchange  Commission has commenced an  investigation  of
     the  Company  pursuant to a Formal  Order.  This  investigation  focuses on
     whether the Company and others misrepresented  material facts or omitted to
     disclose  material  facts in press  releases  and  reports  filed  with the
     Commission,   concerning,   among  other  things,   the  Company's  assets,
     operations,  financial  condition  and  anticipated  revenue.  It cannot be
     predicted,  at  this  time,  whether  an  enforcement  proceeding  will  be
     recommended  by the  staff  to the  Commission,  what  the  nature  of such
     enforcement  proceeding  would be, the type of sanctions sought or what the
     likelihood would be of reaching a settlement. Accordingly, no provision for
     any liability  that may result upon  resolution of this  investigation  has
     been recorded in the accompanying financial statements.

6.   Subsequent Events

     In November 2001, the Company issued  1,000,000  shares of its common stock
     through a private  placement at $0.05 per share.  Total  proceeds  from the
     issuance were $50,000.


                                                                               8

<PAGE>

INNOVATIVE HOLDINGS & TECHNOLOGIES, INC.
ITEM 2.
MANAGEMENT'S  DISCUSSION  AND  ANALYSIS OF  FINANCIAL  CONDITION  AND RESULTS OF
OPERATIONS

The  following  discussion  and  analysis  should  be read in  conjunction  with
"Selected  Condensed  Consolidated  Financial Data" and the Company's  Condensed
Consolidated  Financial  Statements and Notes thereto included elsewhere in this
document.

Overview
--------

Since its inception in 1987,  the Company's  purpose is to conduct  offerings of
its securities to raise capital to acquire businesses in various industries. For
the period from January 9, 1987  (inception)  to September 30, 1990, the Company
incurred a total net loss of $1,840,993. During this period, the Company devoted
substantially  all of  its  efforts  to  establish  and  organize  a  television
cablecast  facility.  However,  by the end of 1990 the operations of the Company
ceased.

From  December  1990  through  October  1997,  the  Company  did not operate any
businesses and was inactive.

In  November  1997,  the  Company  changed  its name to  Innovative  Holdings  &
Technologies,  Inc.  The Company  considers  its role to be an incubator of high
technology companies and began its search for suitable business acquisitions. In
the second  quarter of 1998,  the Company  signed an agreement to acquire BioCam
Company, Inc. ("BioCam"), a developer of telemetry technology,  in the amount of
$1,000,000.  This was paid for by issuance of  convertible  preferred  stock and
restricted  common stock.  The Company began supporting the operations of BioCam
financially and funded approximately  $350,000, in 1998. By the end of 1998, the
principals  of  BioCam  rescinded  their  agreement  with  the  Company  and the
relationship was terminated.

On January 8, 1999, the Company  incorporated  Xtreme  Telemetry  Systems,  Inc.
("Xtreme")  and is its sole  stockholder.  Xtreme began the  development of real
time  telemetry,  to be  marketed  initially  in the  sports  and  entertainment
industries. The telemetry system is designed to monitor performance and transmit
the data by broadcast or over the  internet.  In  September,  1999,  the Company
secured  the  services of  specialists  in computer  software  development.  The
alpha-beta  testing of the software commenced in the fourth quarter of 1999. The
products  under  development  have not been  completed.  Product  completion  is
predicated by end use.

On July 23,  2001,  the Company  entered into a letter of intent to increase its
interest  to 51% in US Tech  Materials  Corporation  ("USTM").  USTM  intends to
develop  manufacturing  and marketing  for Poly Ether Amid Resin,  also known as
PEAR. The PEAR resins were  originally  developed by Ashland,  Inc., who entered
into a license agreement with USTM/IHTL in July 2000. The Company has endeavored
to seek out financing and personnel to assist USTM's infrastructure,  sales, and
marketing  systems  and  strategic  relationships  in order to bring PEAR to the
marketplace.  On June 30, 2001,  the Company did not meet  certain  terms of the
agreement.  This  deadline  passed  and the  agreement  terminated.  An  amended
agreement was made effective as of July, 2001,  reinstating  USTM/IHTL's license
to manufacture and market PEAR resins subject to certain payment and performance
provisions.

                                                                               9

<PAGE>

INNOVATIVE HOLDINGS & TECHNOLOGIES, INC.

MANAGEMENT'S  DISCUSSION  AND  ANALYSIS OF  FINANCIAL  CONDITION  AND RESULTS OF
OPERATIONS, (Continued)

Overview, Continued

Xtreme and USTM are in their development stage, and there are no guarantees that
either company will successfully  raise sufficient  capital,  attract management
and other personnel, and be able to develop manufacturing facilities,  materials
sources, R&D capabilities, marketing channels and delivery methods.

Results of operations
---------------------

The following table sets forth,  for the periods  indicated,  certain items from
the Company's Consolidated  Statements of Operations,  expressed as a percentage
of total expenses.

                                            The three months ended September 30,
                                            ------------------------------------

                                                  2001                   2000
                                            -------------          -------------

Revenues                                          0.0%                   0.0%
                                            -------------          -------------
Expenses:
  General and Administrative                    100.0%                 100.0
  Interest Expense                                0.0%                   0.0%
                                            -------------          -------------
         Total Expenses                         100.0%                 100.0%
                                            -------------          -------------
Net Loss                                        100.0%                 100.0%
                                            =============          =============

                                            The  nine months ended September 30,
                                                  2001                   2000
                                            -------------          -------------
Revenues                                          0.0%                   0.0%
                                            -------------          -------------
Expenses:
  General and Administrative                     98.5%                  97.5%
  Interest Expense                                1.5%                   2.6%
                                            -------------          -------------
         Total Expenses                         100.0%                 100.1%

  Other Income                                    0.0%                    0.1%
                                            -------------          -------------
Net Loss                                        100.0%                 100.0%
                                            =============          =============



                                                                              10


INNOVATIVE HOLDINGS & TECHNOLOGIES, INC.

MANAGEMENT'S  DISCUSSION  AND  ANALYSIS OF  FINANCIAL  CONDITION  AND RESULTS OF
OPERATIONS, (Continued)

Results of Operations, continued
--------------------------------

Revenues
--------

The Company had no revenues  for the three and nine months ended  September  30,
2001 and 2000.

General and Administrative
--------------------------

For the three  months  ended  September  30,  2001  general  and  administrative
expenses  have  decreased to $65,537 in 2001 from $67,212 in 2000.  For the nine
months ended September 30, 2001 general and administrative expenses decreased to
$109,382 in 2001 from $242,209 in 2000. The decrease in these expenses  resulted
from  the  consolidation  of  operating   activities  and  the  streamlining  of
expenditures.


Interest Expense
----------------

Interest  expense is from personal  loans made to the company.  The amounts from
2000 to 2001 have not varied considerably.


Liquidity and Capital Resources
-------------------------------

The Company requires capital principally for the financing of operations and the
development and marketing of its subsidiary's products. To date, the company has
financed its operations  primarily through the sale its of equity securities and
by obtaining financing.

The Company had negative  working  capital as of September  30, 2001 of $447,818
compared to $441,340 as of December 31, 2000.

As stated in the  Company's  consolidated  financial  statements,  the Company's
ability to continue as a going  concern is dependent  upon issuance of stock and
obtaining debt financing.  There can be no assurance that  additional  financing
will be attained or that the operations will be profitable. Such inability would
have a material adverse effect on the Company's business,  operating results and
financial condition.

The  Company  currently  has no  specific  commitments  with  regard to  capital
expenditures  with the exception of  purchasing  materials to  manufacture  PEAR
resins.  The Company's future capital  requirements  will depend on its business
development activities.

The  Company  believes  that its  current  cash  balances  will not  provide the
liquidity necessary to satisfy the Company's working capital needs.

Inflation
---------

Inflation  has not had a  significant  impact on the Company since its inception
nor is it expected to have a significant impact in the foreseeable future.


                                                                              11

<PAGE>

INNOVATIVE HOLDINGS & TECHNOLOGIES, INC.

MANAGEMENT'S  DISCUSSION  AND  ANALYSIS OF  FINANCIAL  CONDITION  AND RESULTS OF
OPERATIONS, (Continued)

Recent Accounting Pronouncements
--------------------------------

In June 1998, the Financial  Accounting  Standards  Board  ("FASB")  issued SFAS
No.133  ("SFAS  133")   "Accounting  for  Derivative   Instruments  and  Hedging
Activities",  which was amended by SFAS No. 137,  issued in June 1999.  SFAS 133
established  standards for  accounting  for  derivative  instruments,  including
certain  derivative  instruments  embedded  in  other  contracts,   and  hedging
activities.  SFAS 133, as amended, is effective for fiscal years beginning after
June 15, 2000.  The  adoption of SFAS 133 did not have a material  effect on the
financial statements.

In March 2000, FASB Interpretation, No. 44, "Accounting for Certain Transactions
Involving Stock  Compensation - An  Interpretation of APB Opinion No. 25," ("FIN
44") was issued.  FIN 44  clarifies  the  application  of APB No. 25 for certain
stock-based compensation issues. FIN 44 clarifies the definition of employee for
purposes of applying  APB No. 25, the criteria  for  determining  whether a plan
qualifies as a  non-compensatory  plan, the accounting  consequences  of various
modifications  to the terms of a  previously  fixed  option  or  award,  and the
accounting  for  an  exchange  of  share  compensation   awards  in  a  business
combination, among other matters. FIN 44 was effective July 1, 2000, but certain
conclusions in this  interpretation  cover  specific  events that occurred after
either December 15, 1998 or January 12, 2000. The  implementation  of FIN 44 did
not  have  a  significant  impact  on  our  financial  position  or  results  of
operations.

In September  2000, the FASB issued SFAS No. 140,  "Accounting for Transfers and
Servicing of Financial Assets and  Extinguishments of Liabilities" ("SFAS 140").
SFAS 140  replaces  FASB  Statement  No.  125,  "Accounting  for  Transfers  and
Servicing of Financial  Assets and  Extinguishment  of Liabilities" and provides
accounting  and  reporting  standards  for  transfers and servicing of financial
assets and extinguishments of liabilities  occurring after March 31, 2001 and is
effective for recognition and reclassification of collateral and for disclosures
relating to  securitization  transactions and collateral for fiscal years ending
after December 31, 2000. The adoption of SFAS 140 did not have a material effect
on the financial statements.

In December 1999, the  Securities and Exchange  Commission  ("SEC") issued Staff
Accounting   Bulletin   ("SAB")  No.101,   "Revenue   Recognition  in  Financial
Statements."  SAB 101  provides  the SEC  Staff's  views in  applying  generally
accepted accounting  principles to selected revenue issues. The Company does not
believe  that  the  adoption  of SAB 101  will  have a  material  effect  on the
financial statements.


                                                                              12

<PAGE>

     Item 6.  Exhibits and Reports on Form 8-K

     (a)  Exhibits
          NONE

     (b)  Reports on Form 8-K
          NONE


                                   SIGNATURES

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



     Date:  November 16, 2001                       By /s/ Helmut Wyzisk
                                                       -------------------------
                                                       Helmut Wyzisk, President
                                                       Innovative Holdings &
                                                       Technologies, Inc.


                                                                              13