<PAGE>
                      SECURITIES & EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                 FORM 10-Q
             Quarterly Report Pursuant to Section 13 or 15 (d)
                   of the Securities Exchange Act of 1934

For the Quarter Ended                                   Commission File No.
---------------------                                   -------------------
     JUNE 30, 1998                                        0-13597


                                 ASDAR INC.
                               -------------
                         (Exact Name of Registrant)

        NEVADA                                            88-0195105
-------------------------------                          ------------------
(State or other jurisdiction of                         (IRS Employer
incorporation or organization)                          Identification No.)

                            2124 GLASGOW AVENUE
                         CARDIFF, CALIFORNIA 92007
                  ----------------------------------------
                  (Address of Principal Executive Offices)

Registrant's telephone number including area code:          (619) 792-7300
                                                            ---------------

Former Address: 1500 East Tropicana Avenue, #110, Las Vegas, Nevada 89119

     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 report), and (2) has
been subject to such filing requirements in the past 90 days:

YES            NO      X
     -------        -------

     Indicate the number of shares outstanding for each of the issuer's
classes of Stock as of the last practical date:

     At June 30, 1998, there were 1,734,499 shares of common stock at
$0.001 par value outstanding.

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                                 ASDAR INC.
                             TABLE OF CONTENTS

PART I         FINANCIAL STATEMENTS

     ITEM 1    FINANCIAL STATEMENTS (UNAUDITED)

               Balance Sheets. . . . . . . . . . . . . . . . . . . . . . .3

               Statements of Operations. . . . . . . . . . . . . . . . . .4

               Statements of Cash Flows. . . . . . . . . . . . . . . . . .5

               Notes to Financial Statements . . . . . . . . . . . . . . .6

     ITEM 2    MANAGEMENT'S DISCUSSION AND FINANCIAL CONDITION
               AND RESULTS OF OPERATIONS . . . . . . . . . . . . . . . . .6

PART II        OTHER INFORMATION . . . . . . . . . . . . . . . . . . . . .7

               SIGNATURES. . . . . . . . . . . . . . . . . . . . . . . . .8

     This report of Form 10-Q is for the period ended June 30, 1998,
however the report has been filed with the Securities and Exchange
Commission in April 2000.  To the extent practicable, the disclosures
contained have been prepared to speak as of August 15, 1998, the required
filing date of the report.



<PAGE>
                                 ASDAR INC.
                               Balance Sheets
                June 30, 1998 (Unaudited) December 31, 1997
<TABLE>
<CAPTION>
                                                         June     December
                                                     30, 1998     31, 1997
                                                   -----------  -----------
<S>                                                <C>         <C>
      ASSETS

Current Assets
--------------

  Cash                                             $       87  $        67
                                                   -----------  -----------
      Total Assets                                 $       87   $       67
                                                   ===========  ===========

Current Liabilities
-------------------

  Accounts Payable                                     24,500       24,500
                                                   -----------  -----------
      Total Current Liabilities                        24,500       24,500

Stockholders' Equity
--------------------

 Common Stock, 50,000,000 Shares
  Authorized, at $0.001 Par Value;
    1,734,499 & 1,519,499 Shares Issued
    & Outstanding Respectively                         1,734        1,519
 Paid In Capital                                   7,478,548    7,454,013
 Treasury Stock                                   (  199,167) (   199,167)
 Accumulated Deficit                              (7,305,528) ( 7,280,798)
                                                  -----------  -----------
     Total Stockholders' Equity                   (   24,413) (    23,433)
                                                  -----------  -----------
     Total Liabilities & Stockholders' Equity     $       87  $        67
                                                  ===========  ===========

</TABLE>

                           See Accompanying Notes
                                     3

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                                 ASDAR INC.
                    Statements of Operations (Unaudited)
              For the Three Months Ended June 30, 1998 & 1997
           and the Six Months Periods Ended June 30, 1998 & 1997
<TABLE>
<CAPTION>
                                           For the Three            For the Six
                                        Months Period Ended      Months Period Ended
                                      April 1,     April 1,  January 1,   January 1,
                                       to June      to June     to June      to June
                                      30, 1998     30, 1997    30, 1998     30, 1997
                                    -----------  ----------- -----------  -----------
<S>                                 <C>         <C>          <C>         <C>
Revenues                            $   39,409  $       -0-  $   39,409  $       -0-
--------                            -----------  ----------- -----------  -----------
Expenses
--------
  Legal Fees                            39,389          -0-      24,000        2,131
  Consulting Fees                       12,000       10,000      39,389       66,250
  General & Administrative                 -0-        1,552         750        1,552
                                    -----------  ----------- -----------  -----------
      Total Expenses                    51,389       11,552      64,139       69,933
                                    -----------  ----------- -----------  -----------
      Net Loss                      ($  11,980)  ($  11,552) ($  24,730)  ($  69,933)
                                    ===========  =========== ===========  ===========

      Loss Per Share                ($    0.01)  ($    0.01) ($    0.02)  ($    0.08)

      Weighted Average
      Shares Outstanding             1,626,999      896,166   1,626,999      896,166

</TABLE>

                           See Accompanying Notes
                                     4

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<PAGE>
                                 ASDAR INC.
                    Statements of Cash Flows (Unaudited)
          For the Three Months Periods Ended June 30, 1998 & 1997
<TABLE>
<CAPTION>
                                                         June         June
                                                     30, 1998     30, 1997
                                                   -----------  -----------
<S>                                                <C>         <C>
Cash Flows from Operating Activities
------------------------------------
  Net Loss                                         ($  24,730) ($   69,933)
  Adjustments to Reconcile Net Loss to Net
    Cash Used by Operating Activities;
     Non Cash Expenses                                    750       52,750
     Increase in Accounts Payable                      24,000       15,000
                                                   -----------  -----------
      Net Cash Used by Operating Activities                20   (    2,183)

Cash Flows from Investing Activities                      -0-          -0-
------------------------------------               -----------  -----------
Cash Flows from Financing Activities                      -0-          -0-
------------------------------------               -----------  -----------

      Increase in Cash                                     20   (    2,183)

      Cash at Beginning of Period                          67        2,250
                                                   -----------  -----------

      Cash at End of Period                        $       87   $       67
                                                   ===========  ===========

Disclosures from Operating Activities
-------------------------------------
  Interest                                         $      -0-   $      -0-
  Taxes                                                   -0-          -0-

</TABLE>

                           See Accompanying Notes
                                     5

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<PAGE>
ITEM I
------
NOTE #1 - Basis of Presentation
-------------------------------

     The accompanying unaudited financial statements have been prepared in
accordance with generally accepted accounting principles for interim
financial information and with the instructions to Form 10-Q and Rule 10-01
of Regulation S-X.  Accordingly, they do not include all of the information
and footnotes required by generally accepted accounting principles for
complete financial statements.  In the opinion of management, adjustments
(consisting of normal recurring accruals) considered necessary for a fair
presentation have been included.  Operating results for the six months and
the three months periods ending June 30, 1998, are not necessary indicative
of the results that may be expected for the year ended December 31, 1997.
For further information, refer to the financial statements and footnotes
thereto included in the Company's annual report on Form 10-K for the year
ended December 31, 1997.


ITEM II
--------
Management's Discussion and Analysis of Financial Condition and Results of
Operation
--------------------------------------------------------------------------
Liquidity & Capital Resources
-----------------------------

     The Company has been inactive for the current year and ha no assets with
which to conduct business.  The Company is dependent upon its officers or
shareholders for cash for any purpose.

Results Of Operations
---------------------

     The Company had no operations other than management attempts to make
an acquisition.  If there were any cost associated with such attempts they
were minimal and no expenses were incurred by the Company.  The Company has
accrued $5,000 per month since January 1, 1995, payable to its Secretary
for services in its acquisitions attempts.

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<PAGE>
                        PART II - OTHER INFORMATION
                       -----------------------------


Item 1   Legal Proceedings . . . . . . . . . . . . . . . . . . . . . None

Item 2   Changes in the Rights of the
         Company's Security Holders. . . . . . . . . . . . . . . . . None

Item 3   Defaults by the Company on its
         Senior Securities . . . . . . . . . . . . . . . . . . . . . None

Item 4   Results of Votes of Security Holders. . . . . . . . . . . . None

Item 5   Other Information . . . . . . . . . . . . . . . . . . . . . None

Item 6   Exhibits and Reports on Form 8-K. . . . . . . . . . . . . . None


                                     7
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<PAGE>
                                 SIGNATURES


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


                                          ASDAR INC.

Date: April 20, 2000                      By: /S/ Nicholas F. Coscia
--------------------                      --------------------------
                                          Nicholas F. Coscia
                                          Secretary & Chief Accounting Officer



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