<PAGE>
              UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                               FORM 10-QSB

(Mark One)

[X]  Quarterly report under Section 13 or 15(d) of the Securities Exchange
Act of 1934 For the quarterly period ended September 30, 2001.

[ ]  Transition report under Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the transition period from ______ to ______.
Separate

                      Commission File Number:   000-30577
                                               -----------

                              TEQ - 1 Corporation
        -------------------------------------------------------------
               (Name of Small Business Issuer in its charter)


               Nevada                                  87-0569747
   ---------------------------------            --------------------------
    (State or Other Jurisdiction of              (IRS Employer ID Number)
     Incorporation or Organization)


              8542 South Coachman Way, West Jordan, Utah 84088
        -------------------------------------------------------------
            (Address of Principal Executive Offices and Zip Code)

                  Issuer's telephone number:   (801) 280-6984
                                              -----------------

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.
Yes [X]   No [ ]

         APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                      DURING THE PRECEDING FIVE YEARS:

Check whether the registrant has filed all documents and reports required to
be filed by Sections 12, 13, or 15(d) of the Exchange Act subsequent to the
distribution of securities under a plan confirmed by a court.
Yes [ ]   No [ ]

                     APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date:

     As of November 9, 2001, there were 1,298,500 shares of common stock
issued and outstanding.

                                   Total of Sequentially Numbered Pages:   25
                                              Index to Exhibits on Page:   21
<PAGE>
FORWARD-LOOKING STATEMENTS

     Various forward-looking statements have been made in this Form 10-QSB.
Forward-looking statements may also be in the Company's other reports filed
under the Securities Exchange Act of 1934, in its press releases and in other
documents.  In addition, from time to time, the Company, through its
management, may make oral forward-looking statements.

     Forward-looking statements are only expectations, and involve known and
unknown risks and uncertainties, which may cause actual results in future
periods and other future events to differ materially from what is currently
anticipated.  Certain statements in this Form 10-QSB, including those relating
to the Company's expected results, the accuracy of data relating to, and
anticipated levels of, its future inventory and gross margins, its anticipated
cash requirements and sources, are forward-looking statements.  Such
statements involve risks and uncertainties, which may cause results to differ
materially from those set forth in these statements.  Factors which may cause
actual results in future periods to differ from its current expectations
include, among other things, the continued availability of sufficient working
capital, the availability of adequate sources of capital, the successful
integration of new employees into existing operations, the continued
desirability and customer acceptance of existing and future services, possible
cancellations of orders, the success of competitive services, the success of
the Company's programs to strengthen its operational and accounting controls
and procedures.  In addition to these factors, the economic and other factors
identified in this Form 10-QSB, including but not limited to the risk factors
discussed herein and in the Company's previously filed public documents could
affect the forward-looking statements contained in herein and therein.

     Forward-looking statements generally refer to future plans and
performance, and are identified by the words "believe", "expect",
"anticipate", "optimistic", "intend", "aim", "will" or the negative thereof
and similar expressions.  Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date of which
they are made.  The Company undertakes no obligation to update publicly or
revise any forward-looking statements.




                                                                            2
<PAGE>
                                 FORM 10-QSB
                             TEQ - 1 CORPORATION


                              TABLE OF CONTENTS
                            ---------------------

                                                                       PAGE
                                                                      ------

                       PART I - FINANCIAL INFORMATION


ITEM 1.   FINANCIAL STATEMENTS. . . . . . . . . . . . . . . . . . . . . . 4


ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION . . .15



                         PART II - OTHER INFORMATION


ITEM 1.   LEGAL PROCEEDINGS . . . . . . . . . . . . . . . . . . . . . . .19


ITEM 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS . . . . . . . . . . .19


ITEM 3.   DEFAULTS UPON SENIOR SECURITIES . . . . . . . . . . . . . . . .19


ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS . . . . . .19


ITEM 5.   OTHER INFORMATION . . . . . . . . . . . . . . . . . . . . . . .20


ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K. . . . . . . . . . . . . . . .20


     SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20


     INDEX TO EXHIBITS. . . . . . . . . . . . . . . . . . . . . . . . . .21










                                                                            3
<PAGE>

                       PART I - FINANCIAL INFORMATION

---------------------------------------------------------------------------
ITEM 1.   FINANCIAL STATEMENTS
---------------------------------------------------------------------------

     In the opinion of management, the accompanying unaudited financial
statements included in this Form 10-QSB reflect all adjustments (consisting
only of normal recurring accruals) necessary for a fair presentation of the
results of operations for the periods presented.  The results of operations
for the periods presented are not necessarily indicative of the results to be
expected for the full year.












                    [THIS SPACE INTENTIONALLY LEFT BLANK]













                                                                            4
<PAGE>












                               TEQ-1 CORPORATION
                         [A Development Stage Company]

                    UNAUDITED CONDENSED FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2001











                                                                            5
<PAGE>
                               TEQ-1 CORPORATION
                         [A Development Stage Company]



                                  CONTENTS

                                                                     PAGE
                                                                     ____

     --  Unaudited Condensed Balance Sheets,
            September 30, 2001 and December 31, 2000                    2


     --  Unaudited Condensed Statements of Operations,
            for the three and nine months ended September 30,
            2001 and 2000 and from inception on
            November 19, 1997 through September 30, 2001                3


     --  Unaudited Condensed Statements of Cash Flows,
            for the nine months ended September 30, 2001 and
            2000 and from inception on November 19, 1997
            through September 30, 2001                                  4


     --  Notes to Unaudited Condensed Financial Statements          5 - 9




                                                                            6
<PAGE>
<TABLE>
<CAPTION>
                               TEQ-1 CORPORATION
                         [A Development Stage Company]

                       UNAUDITED CONDENSED BALANCE SHEETS

                                    ASSETS


                                                          September 30,   December 31,
                                                              2001           2000
                                                           ___________    ___________
<S>                                                        <C>            <C>
CURRENT ASSETS:
     Cash in bank                                          $    22,257    $       565
     Accounts receivable                                         4,460            334
                                                           ___________    ___________
          Total Current Assets                                  26,717            899
                                                           ___________    ___________

                                                           $    26,717    $       899
                                                           ===========    ===========


                LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


CURRENT LIABILITIES:
     Accrued expenses - related party                      $    11,353    $       274
     Notes payable - related party                               3,715          3,715
                                                           ___________    ___________
          Total Current Liabilities                             15,068          3,989
                                                           ___________    ___________

STOCKHOLDERS' EQUITY (DEFICIT):
     Preferred stock $.001 par value, 5,000,000 shares
       authorized, 10 shares issued and outstanding                  -              -
     Common stock, $.001 par value, 20,000,000 shares
       authorized, 1,288,500 and 1,100,000 shares
       issued and outstanding, respectively                      1,289          1,100
     Capital in excess of par value                             17,856              -
     (Deficit) accumulated during the development stage         (7,496)        (4,190)
                                                           ___________    ___________
          Total Stockholders' Equity (Deficit)                  11,649         (3,090)
                                                           ___________    ___________

                                                           $    26,717    $       899
                                                           ===========    ===========

</TABLE>






Note:  The balance sheet at December 31, 2000 was taken from the audited
       financial statements at that date and condensed.

   The accompanying notes are an integral part of these unaudited condensed
                             financial statements.

                                      -2-
                                                                            7
<PAGE>
<TABLE>
<CAPTION>
                               TEQ-1 CORPORATION
                         [A Development Stage Company]


                  UNAUDITED CONDENSED STATEMENTS OF OPERATIONS



                                              For the Three            For the Nine       From Inception
                                              Months Ended             Months Ended       on November 19,
                                              September 30,            September 30,       1997 through
                                         ______________________   _______________________  September 30,
                                           2001         2000         2001         2000         2001
                                         _________   __________   __________   __________   ___________
<S>                                      <C>         <C>          <C>          <C>          <C>
REVENUE:
     Sales                               $   5,181   $        -   $   10,878   $        -   $    11,212
                                         _________   __________   __________   __________   ___________
EXPENSES:
     General and administrative              4,470          675       13,905        1,915        18,075
                                         _________   __________   __________   __________   ___________
INCOME (LOSS) FROM
  OPERATIONS                                   711         (675)      (3,027)      (1,915)       (6,863)
                                         _________   __________   __________   __________   ___________
OTHER EXPENSE:
     Interest expense                          (93)         (93)        (279)        (181)         (633)
                                         _________   __________   __________   __________   ___________
INCOME (LOSS) BEFORE
  INCOME TAXES                                 618         (768)      (3,306)      (2,096)       (7,496)

CURRENT INCOME TAXES                             -            -            -            -             -

DEFERRED INCOME TAXES                            -            -            -            -             -
                                         _________   __________   __________   __________   ___________
NET INCOME (LOSS)                        $     618   $     (768)  $   (3,306)  $   (2,096)  $    (7,496)
                                         _________   __________   __________   __________   ___________
INCOME (LOSS) PER SHARE                  $     .00   $     (.00)  $     (.00)  $     (.00)  $      (.01)
                                         _________   __________   __________   __________   ___________

</TABLE>







   The accompanying notes are an integral part of these unaudited condensed
                             financial statements.

                                      -3-
                                                                            8
<PAGE>
<TABLE>
<CAPTION>
                               TEQ-1 CORPORATION
                         [A Development Stage Company]

                  UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

                                                                    For the Nine       From Inception
                                                                    Months Ended       on November 19,
                                                                    September 30,       1997 through,
                                                                _____________________   September 30,
                                                                  2001        2000          2001
                                                                _________   _________   ____________
<S>                                                             <C>         <C>         <C>
Cash Flows From Operating Activities:
   Net loss                                                     $  (3,306)  $  (2,096)  $     (7,496)
   Adjustments to reconcile net loss to net cash provided
    (used) by operating activities:
      Stock issued for services rendered                                -           -          1,100
      Changes in assets and liabilities:
        (Increase) in accounts receivable                          (4,126)          -         (4,460)
        Increase in accrued expenses - related party               11,079         181         11,433
                                                                _________   _________   ____________
          Net Cash Provided (Used) by Operating Activities          3,647      (1,915)           577
                                                                _________   _________   ____________
Cash Flows From Investing Activities                                    -           -              -
                                                                _________   _________   ____________
          Net Cash Provided (Used) by Investing Activities              -           -              -
                                                                _________   _________   ____________
Cash Flows From Financing Activities:
   Proceeds from notes payable - related party                          -       3,000          3,635
   Proceeds from issuance of common stock                          18,850           -         18,850
   Stock issuance costs                                              (805)          -           (805)
                                                                _________   _________   ____________
          Net Cash Provided by Financing Activities                18,045       3,000         21,680
                                                                _________   _________   ____________
Net Increase in Cash                                               21,692       1,085         22,257

Cash at Beginning of the Period                                       565           -              -
                                                                _________   _________   ____________
Cash at End of the Period                                       $  22,257   $   1,085   $     22,257
                                                                _________   _________   ____________

Supplemental Disclosures of Cash Flow Information:

   Cash paid during the period for:
     Interest                                                   $       -   $       -   $          -
     Income taxes                                               $       -   $       -   $          -

</TABLE>
Supplemental Schedule of Noncash Investing and Financing Activities:

   For the period from inception on November 19, 1997 through September 30,
   2001:
     On February 1, 2000, the Company extended $80 of unpaid accrued interest
     owed a related party into a new note payable to the related party.

     On November 19, 1997 the Company issued 1,100,000 shares of its common
     stock for services valued at $1,100.



   The accompanying notes are an integral part of these unaudited condensed
                             financial statements.

                                      -4-
                                                                             9
<PAGE>
                               TEQ-1 CORPORATION
                         [A Development Stage Company]

              NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  Organization - TEQ-1 Corporation (the "Company") was organized under the
  laws of the State of Nevada on November 19, 1997.  The Company has recently
  changed its business plan.  The primary plan of operations of the Company
  is providing electronic filing services for entities/individuals that need
  to electronically file reports,  registration statements, and other
  documents with the Securities and Exchange Commission ("SEC") through the
  SEC's electronic system - "Electronic Data Gathering Analysis and
  Retrieval" or "EDGAR".  The Company has not generated significant revenues
  from its planned principal operations and is considered a development stage
  company as defined in SFAS No. 7.  The Company has, at the present time,
  not paid any dividends and any dividends that may be paid in the future
  will depend upon the financial requirements of the Company and other
  relevant factors.

  Condensed Financial Statements - The accompanying financial statements have
  been prepared by the Company without audit.  In the opinion of management,
  all adjustments (which include only normal recurring adjustments) necessary
  to present fairly the financial position, results of operations and cash
  flows at September 30, 2001 and 2000 and for the periods then ended have
  been made.

  Certain information and footnote disclosures normally included in financial
  statements prepared in accordance with generally accepted accounting
  principles have been condensed or omitted.  It is suggested that these
  condensed financial statements be read in conjunction with the financial
  statements and notes thereto included in the Company's December 31, 2000
  audited financial statements.  The results of operations for the periods
  ended September 30, 2001 are not necessarily indicative of the operating
  results for the full year.

  Revenue Recognition - The Company recognizes revenue in the period when the
  services are performed.

  Income Taxes - The Company accounts for income taxes in accordance with
  Statement of Financial Accounting Standards No. 109 "Accounting for Income
  Taxes".

  Loss Per Share - The computation of loss per share is based on the weighted
  average number of shares outstanding during the period presented in
  accordance with Statement of Financial Accounting Standards No. 128,
  "Earnings Per Share".

  Cash and Cash Equivalents - For purposes of the financial statements, the
  Company considers all highly liquid debt investments purchased with a
  maturity of three months or less to be cash equivalents.

  Accounting Estimates - The preparation of financial statements in
  conformity with generally accepted accounting principles requires
  management to make estimates and assumptions that affect the reported
  amounts of assets and liabilities, the disclosures of contingent assets and
  liabilities at the date of the financial statements, and the reported
  amount of revenues and expenses during the reported period.  Actual results
  could differ from those estimated.


                                      -5-
                                                                           10
<PAGE>
                               TEQ-1 CORPORATION
                         [A Development Stage Company]

              NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Continued]

  Recently Enacted Accounting Standards - Statement of Financial Accounting
  Standards ("SFAS") No. 140, "Accounting for Transfers and Servicing of
  Financial Assets and Extinguishments of Liabilities - a replacement of FASB
  Statement No. 125", SFAS No. 141, "Business Combinations", SFAS No. 142,
  "Goodwill and Other Intangible Assets", and SFAS No. 143, "Accounting for
  Asset Retirement Obligations", were recently issued.  SFAS No. 140, 141,
  142 and 143 have no current applicability to the Company or their effect on
  the financial statements would not have been significant.

NOTE 2 - ACCOUNTS RECEIVABLE

  Accounts receivable consist of receivables from the sale of services.
  Management believes the receivables are fully collectible and has not
  provided any allowance for doubtful accounts.

NOTE 3 - CAPITAL STOCK

  Preferred stock - The Company has authorized 5,000,000 shares of preferred
  stock, $.001 par value, with such rights, preferences and designations and
  to be issued in such series as determined by the Board of Directors.  No
  shares were issued and outstanding at September 30, 2001 and December 31,
  2000.

  Common Stock - The Company has authorized 20,000,000 shares of common
  stock.  On November 19, 1997, in connection with its organization, the
  Company issued 1,100,000 shares of its previously authorized, but unissued
  common stock.  The shares were issued for services rendered valued at
  $1,100 (or $.001 per share).

  Private Offering - The Company is currently making a private offering of
  300,000 shares of its previously authorized but unissued common stock.
  This offering is exempt from registration with the Securities and Exchange
  Commission under Rule 506 of Regulation D as promulgated under the
  Securities Act of 1933, as amended.  An offering price of $.10 per share
  has arbitrarily been determined by the Company.  The offering is being
  managed by the Company without any underwriter.  The shares will be offered
  and sold by an officer of the Company, who will receive no sales
  commissions or other compensation in connection with the offering, except
  for reimbursement of expenses actually incurred on behalf of the Company in
  connection with the offering. As of September 30, 2001, the Company had
  sold 188,500 shares of common stock for proceeds of $18,850.  Stock
  offering costs of $805 have been incurred through September 30, 2001 and
  were offset against the proceeds of the offering in capital in excess of
  par value.  The offering has been extended through November 30, 2001.

NOTE 4 - INCOME TAXES

  The Company accounts for income taxes in accordance with Statement of
  Financial Accounting Standards No. 109 "Accounting for Income Taxes".  SFAS
  No. 109 requires the Company to provide a net deferred tax asset/liability
  equal to the expected future tax benefit/expense of temporary reporting
  differences between book and tax accounting methods and any available
  operating loss or tax credit carryforwards.


                                      -6-
                                                                           11
<PAGE>
                               TEQ-1 CORPORATION
                         [A Development Stage Company]

              NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 4 - INCOME TAXES [Continued]

  The Company has available at September 30, 2001, unused operating loss
  carryforwards of approximately $7,500 which may be applied against future
  taxable income and which expire in various years through 2021.  The amount
  of and ultimate realization of the benefits from the operating loss
  carryforwards for income tax purposes is dependent, in part, upon the tax
  laws in effect, the future earnings of the Company, and other future
  events, the effects of which cannot be determined.  Because of the
  uncertainty surrounding the realization of the loss carryforwards the
  Company has established a valuation allowance equal to the tax effect of
  the loss carryforwards and, therefore, no deferred tax asset has been
  recognized for the loss carryforwards.  The net deferred tax assets are
  approximately $2,500 and $1,400 as of September 30, 2001 and December 31,
  2000, respectively, with an offsetting valuation allowance at each year end
  of the same amount, resulting in a change in the valuation allowance of
  approximately $1,100 during the nine months ended September 30, 2001.

NOTE 5 - RELATED PARTY TRANSACTIONS

  Management Compensation - For the years ended December 31, 2000 and 1999
  the Company did not pay any compensation to any officer/director of the
  Company.  On January 1, 2001, the Company entered into an employment
  agreement with an officer/director/employee of the Company to pay $1,000
  per month.  As of September 30, 2001, the Company has accrued $9,000 in
  unpaid salary expense.

  Office Space/Utilities - During the years ended December 31, 2000 and 1999,
  the Company did not have a need to rent office space.  On January 1, 2001,
  the Company entered into a rental/utilities agreement with an
  officer/director/employee of the Company allowing the Company to use office
  space in her home for the operations of the Company at a base rent of $100
  per month.  The Company also agreed to pay the officer/director/employee of
  the Company a base utilities/miscellaneous expense of $100 per month
  designated for, but not limited to, heat, power, water, sewer, garbage
  collection, recycling, phone, fax, Internet, computer, printer and any
  other office items needed for the operations of the Company, not currently
  being paid by the Company.  As of September 30, 2001, the Company had
  accrued $900 in rent expense and $900 in utilities/miscellaneous expense.

  Notes Payable - As of September 30, 2001, the Company has two notes payable
  due to an officer/shareholder of the Company.  One note for $2,000 was due
  June 1, 2001.  This note has been extended but is now due on demand.  The
  other note, for $1,715, was due February 1, 2001 but was extended until
  February 1, 2002.  Both notes accrue interest at 10% per annum.  Accrued
  interest on the notes payable amounted to $553 at September 30, 2001.

NOTE 6 - GOING CONCERN

  The accompanying financial statements have been prepared in conformity with
  generally accepted accounting principles, which contemplate continuation of
  the Company as a going concern.  However, the Company has just recently
  commenced operations and has incurred losses since its inception.  These
  factors raise substantial doubt about the ability of the Company to
  continue as a going concern.  In this regard, management is proposing to
  raise any necessary additional funds not provided by operations through
  loans or through additional sales of its common stock.  There is no
  assurance that the Company will be successful in raising this additional
  capital.  The financial statements do not include any adjustments that
  might result from the outcome of these uncertainties.


                                      -7-
                                                                           12
<PAGE>
                               TEQ-1 CORPORATION
                         [A Development Stage Company]

              NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 7 - LOSS PER SHARE

<TABLE>
<CAPTION>
  The following data shows the amounts used in computing loss per share:

                                              For the Three            For the Nine       From Inception
                                              Months Ended             Months Ended       on November 19,
                                              September 30,            September 30,       1997 through
                                         _______________________   _______________________  September 30,
                                           2001         2000         2001         2000         2001
                                         __________   __________   __________   __________   ___________
<S>                                      <C>         <C>          <C>          <C>          <C>

     Income (Loss) from continuing
       operations available to
       common shareholders
       (numerator)                       $      618   $     (768)  $   (3,306)  $   (2,096)  $    (7,496)
                                         __________   __________   __________   __________   ___________
     Weighted average number
       of common shares
       outstanding
       (denominator)                      1,189,935    1,100,000    1,130,308    1,100,000     1,105,864
                                         __________   __________   __________   __________   ___________
</TABLE>
  Dilutive loss per share was not presented, as the Company had no common
  stock equivalent shares for all periods presented that would affect the
  computation of diluted loss per share.

NOTE 8 - COMMITMENTS AND AGREEMENTS

  Employment Agreement - The Company has entered into an employment agreement
  with its sole officer and director ("employee").  The agreement provides
  for a $1,000 per month salary for a period of three years commencing
  January 1, 2001.  The salary shall accrue until the Company has achieved
  net income of $50,000 at which time the Company will pay 50% of its net
  income before tax towards reducing the accrued salary liability.

  Rental/Utilities Agreement - The Company has entered into a
  rental/utilities agreement with its sole officer and director ("landlord").
  The agreement provides for payment of $100 per month for rent and $100 per
  month for utilities and other incidentals on a month-to-month basis
  starting January 1, 2001.  The rent shall accrue until the Company has
  achieved net income of $50,000 at which time the Company will pay 10% of
  its net income before tax towards reducing the accrued rent liability.  The
  utilities portion shall accrue until the Company elects to make payment.
  Subsequently, this agreement has been renegotiated [See Note 10].

NOTE 9 - SIGNIFICANT CUSTOMERS

  The Company has just recently commenced operations and all of the revenues
  received by the Company are from a limited number of clients, the loss of
  which could have a material impact on the operations of the Company.


                                      -8-
                                                                           13
<PAGE>
                               TEQ-1 CORPORATION
                         [A Development Stage Company]

              NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 10 - SUBSEQUENT EVENTS

  On October 1, 2001, the Company renegotiated its rental/utilities agreement
  with its sole officer and director ("landlord").  The new agreement
  requires the Company to pay $100 per month for rent and $100 per month for
  utilities and other incidentals payments on the last day of the month.  On
  October 10, 2001, the Company paid $1,800 to the landlord to bring the rent
  and utilities current.








                                      -9-
                                                                           14
<PAGE>
---------------------------------------------------------------------------
ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
---------------------------------------------------------------------------


LIQUIDITY AND CAPITAL RESOURCES

     The Company remains in the development stage and, since inception, has
had $11,212 in revenues.  At September 30, 2001, the Company had working
capital of $11,649 and cash in the amount of $22,257.  All cash held by the
Company at September 30, 2001 has come from two notes payable to the Company's
president Tammy Gehring, income from electronic filing services and the
Company's July 1, 2001 offering under Rule 506 of Regulation D.

     The first note payable is for $1,715 and the second note payable is for
$2,000.  These notes are payable on February 1, 2002 and upon demand
respectively, accrue interest at 10% per annum and were executed to obtain
capital to pay the costs of becoming a reporting company under the Securities
Exchange Act of 1934 and general administrative expenses.

     Revenue from filing services amounted to $11,212 at September 30, 2001.
The Company currently charges fees based upon the number of pages being filed,
the number of pages in a document with text and with tables, the deadlines
imposed by the filer and the amount of editing required.

     In addition, the Company obtained capital in the amount of $18,850 from
investors through private placements of the Company's equity securities
through September 30, 2001.  On June 22, 2001, the Board of Directors of the
Company authorized a private offering under Rule 506 of Regulation D (the
"Offering") to raise additional working capital for the Company.  The Company
is offering three hundred thousand (300,000) shares of its $0.001 par value
common stock at a price of $0.10 per share in the Offering (the "Shares").
The terms of the Offering are as follows:

     The Shares are offered by the Company on a "best efforts" basis,
     through its officers and directors, who will not receive any
     commissions for such sales.  A maximum of 300,000 Shares are
     offered.  No underwriter or broker-dealer is expected to
     participate in the Offering.  There is no minimum number of Shares
     which must be sold, and all proceeds received from investors will
     be made immediately available to the Company (after clearance and
     acceptance of the subscription by the Company) for application.

     The Offering Period will commence on July 1, 2001, the date of the
     Private Placement Memorandum, and shall continue until September
     30, 2001.  The Company reserves the right, however, in its
     absolute discretion, to extend the closing date of this Offering
     or close the Offering prior to the closing date or prior to sale
     of all of the Shares offered.  Any extension shall be for no more
     than ninety (90) days.  The Company may reject any subscription,
     in whole or in part and in such cases will refund the amount of
     the subscription or portion thereof which has not been accepted to
     the subscriber without interest.

     On September 30, 2001, the Board of Directors of the Company authorized
to extend the Offering through November 30, 2001, an additional sixty (60)
days.

                                                                            15
<PAGE>
     Management believes that between the Company's current cash reserves
proceeds from its equity offering and through a limited amount of revenues,
the Company will have adequate cash to remain operating on a limited basis
through the remainder of the calendar year 2001 and through the first two
calendar quarters of 2002.  In the event the Company requires additional
funds, the Company will have to seek loans or equity placements to cover such
cash needs.  There is no assurance additional capital will be available to the
Company on acceptable terms.

     Further, the Company believes that by positioning itself as a publicly
traded and listed entity, it will secure a more appealing position in the view
of the investing public because of the theoretical increase in the liquidity
of an investment in the Company's securities.


PLAN OF OPERATIONS

     In December 2000, the Company turned to its new business plan of
providing electronic filing services.  The Company provides electronic
filing services for clients that need to electronically file reports,
prospectuses, registration statements, and other documents with the Securities
and Exchange Commission ("SEC") through the SEC's electronic system -
Electronic Data Gathering Analysis and Retrieval ("EDGAR").

     During the calendar year ended December 31, 2000, the Company's only
employee did not receive any type of compensation.  On January 1, 2001, the
Company entered into an Employment Agreement with Tammy Gehring, the Company's
sole officer/director/employee ("Employment Agreement").  Ms. Gehring
receives a salary in the amount of $1,000 per month for services related to the
electronic filings she prepares for the Company's clients and files through
the SEC's electronic filing system, EDGAR.  As of the date of this report, the
Company did not have enough funds available to pay this salary.  The Company
and Ms. Gehring have agreed to accrue the monthly salary until the Company has
sufficient net income to pay the expense.  At September 30, 2001, the Company
had accrued $9,000 in salary expense.

     Additionally, on January 1, 2001 the Company entered into a
Rental/Utilities Agreement with Tammy Gehring ("Rental/Utilities Agreement").
The Rental/Utilities Agreement allows the Company to use office space in the
home of Ms. Gehring for the operations of the Company at a base rent of $100
per month.  The Company also agreed to pay a base utilities/miscellaneous
expense of $100 per month designated for but not limited to heat, power,
water, sewer, garbage collection, recycling, phone, fax, Internet, computer
use, printer use, and any other office items needed for the operations of the
Company, not currently being paid by the Company.  The Company and Ms.
Gehring agreed to accrue the monthly rent and utilities/miscellaneous expenses
until the Company has sufficient net income to pay the expenses.  At September
30, 2001, the Company had accrued $900 in rent expense and $900 in
utilities/miscellaneous expense.

     Subsequently, on October 1, 2001, the Board of Directors authorized the
Company to pay for all accrued rental expenses and further all accrued
utilities/miscellaneous expenses through September 30, 2001.  In addition, the
Board of Directors authorized the Company to terminate the January 1, 2001
Rental/Utilities Agreement and enter into a new Rental/Utilities Agreement
with Tammy Gehring effective October 1, 2001 ("New Rental/Utilities
Agreement").  The New Rental/Utilities Agreement allows the Company to
continue to use office space in the home of Ms. Gehring for the operations of
the Company at a base rent of $100 per month.  The Company also agreed to pay


                                                                            16
<PAGE>
a base utilities/miscellaneous expense of $100 per month designated for but
not limited to heat, power, water, sewer, garbage collection, recycling,
phone, fax, Internet, computer use, printer use, and any other office items
needed for the operations of the Company, not currently being paid by the
Company.  The New Rental/Utilities Agreement is on a month-to-month basis
beginning October 1, 2001, with the first payment due October 31, 2001 and
each payment thereafter being due on the last day of each month.  A copy of
the New Rental/Utilities Agreement is attached as an exhibit and is
incorporated herein by this reference.

     The Company will continue to maintain operations at this location until
management believes that the Company's revenues and financial resources
justify a move to an alternative location.  If such a move is required, the
Company believes that there is an adequate supply of office/warehouse/retail
space in Salt Lake County, Utah meeting the Company's anticipated needs for
the foreseeable future.  Initially, the Company expects that it will lease
rather than purchase such property in order to allocate its resources
specifically to its operations.  The Company does not own any property.

     The Company is currently spending approximately $100 or less each month
on general operating expenses including but not limiting to office supplies,
postage and marketing.  Management intends to keep costs to a minimum until
such time in its discretion it believes expansion would be reasonable.

     On June 22, 2001, the Board of Directors of the Company authorized a
private offering under Rule 506 of Regulation D (the "Offering") to raise
additional working capital for the Company.  The Company is offering three
hundred thousand (300,000) shares of its $0.001 par value common stock at a
price of $0.10 per share in the Offering (the "Shares").  This Offering
commenced July 1, 2001 and was to continue through September 30, 2001.  As
of September 30, 2001, the Company sold 188,500 Shares under the Offering.

     On September 30, 2001, the Board of Directors of the Company authorized
to extend the Offering through November 30, 2001, an additional sixty (60)
days.

     The Company may attempt to employ additional personnel if it is able to
generate sufficient revenues.  However, there is no assurance that the
services of such persons will be available or that they can be obtained upon
terms favorable to the Company.  If and when the Company is successful in
achieving a significant positive cash flow, it is likely that the Company
will consider expanding, which will also increase costs.

     Management expects that the Company will continue generating small
amounts of revenue during the next calendar quarter of 2001 from the
Company's current clients.  As the Company attracts more clientele, revenues
are expected to increase.

     No commitments to provide additional funds have been made by management.
Accordingly, there can be no assurance that any additional funds will be
available to the Company to allow it to cover its expenses as they may be
incurred.

     Irrespective of whether the Company's cash assets prove to be adequate
to meet the Company's operational needs, the Company might seek to compensate
providers of services by issuances of stock in lieu of cash.

                                                                            17
<PAGE>
RESULTS OF OPERATIONS

    ********************************************************************
         THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2001 AND 2000
       AND FROM INCEPTION ON NOVEMBER 19, 1997 THROUGH SEPTEMBER 30, 2001
                                  (UNAUDITED)
    ********************************************************************

     The Company had $5,181 revenues from operations for the three month
period ended September 30, 2001, $10,878 revenues from operations for the nine
month period ended September 30, 2001, $0 revenues from operations for the
three month period ended September 30, 2000, $0 revenues from operations for
the nine month period ended September 30, 2000 and $11,212 revenues from
operations from inception on November 19, 1997 through September 30, 2001.

     General and administrative expenses for all periods ended consisted of
general corporate administration, legal and professional expenses, accounting
and auditing costs, rent and utilities/miscellaneous expenses, and salaries
and wages expense.  These expenses were $4,470 for the three month period
ended September 30, 2001, $13,905 for the nine month period ended September
30, 2001, $675 for the three month period ended September 30, 2000, $1,915 for
the nine month period ended September 30, 2000 and $18,075 from inception on
November 19, 1997 through September 30, 2001.  Salaries and wages expense is
being accrued on a monthly basis until such time the Company has sufficient
net income to pay the expense.  Rent and utilities/miscellaneous expenses were
also being accrued on a monthly basis until such time the Company has
sufficient net income to pay the expenses.  Subsequently, on October 10, 2001,
the Company paid all accrued rental expenses and further paid all accrued
utilities/miscellaneous expenses through September 30, 2001.

     Interest expense for the three and nine month periods ended September 30,
2001 and 2000 and from inception on November 19, 1997 through September 30,
2001 was $93, $279, $93, $181 and $633 respectively.  The Company's president
has advanced $3,715 to the Company through the date of this report.  This
amount is made up of two notes payable, one for $1,715 and the other for
$2,000.  These notes are payable February 1, 2002 and upon demand
respectively, and accrue interest at 10% per annum.

     As a result of the foregoing factors, the Company realized net income
of $618 for the three month period ended September 30, 2001, a net loss of
$3,306 for the nine month period ended September 30, 2001, a net loss of
$768 for the three month period ended September 30, 2000, a net loss of
$2,096 for the nine month period ended September 30, 2000, and a net loss of
$7,496 from inception on November 19, 1997 through September 30, 2001.

    ********************************************************************
               CALENDAR YEARS ENDED DECEMBER 31, 2000 AND 1999
      AND FROM INCEPTION ON NOVEMBER 19, 1997 THROUGH DECEMBER 31, 2000
                                   (AUDITED)
    ********************************************************************

     The Company had $334 in revenues for the calendar year ended December
31, 2000, $0 revenues for the calendar year ended December 31, 1999 and $334
in revenues from inception on November 19, 1997 through December 31, 2000.
The Company incurred $2,375 in net operating losses for the calendar year
ended December 31, 2000 as compared to $257 in net operating losses for the
calendar year ended December 31, 1999 and $4,190 from inception on November
19, 1997 through December 31, 2000.


                                                                            18
<PAGE>
     The net operating loss for all periods resulted primarily from general
and administrative expenses and interest expense.  The net loss per share for
each period was $0.00 per share.

     General and administrative expenses for all periods ended consisted of
general corporate administration, legal and professional expenses, and
accounting and auditing costs.  These expenses were $2,435 for the calendar
year ended December 31, 2000, $210 for the calendar year ended December 31,
1999 and $4,170 from inception on November 19, 1997 through December 31,
2000.

     Interest expense for the calendar year ended December 31, 2000 and 1999
and from inception on November 19, 1997 through December 31, 2000 was $274,
$47, and $354 respectively.  As mentioned above, the Company's president has
advanced $3,715 to the Company.  Unpaid accrued interest on the two notes
amounted to $274 at December 31, 2000.

     For the current fiscal year, the Company anticipates incurring a loss as
a result of legal and accounting expenses, expenses associated with
registration under the Securities Exchange Act of 1934, as amended, and
expenses associated with its new business plan, as described herein.


                         PART II - OTHER INFORMATION

---------------------------------------------------------------------------
ITEM 1.   LEGAL PROCEEDINGS
---------------------------------------------------------------------------

     The Company is not a party to any material pending legal proceedings,
and to the best of its knowledge, no such proceedings by or against the
Company have been threatened.


---------------------------------------------------------------------------
ITEM 2.   CHANGES IN SECURITIES AND USE OF PROCEEDS
---------------------------------------------------------------------------

     Not Applicable.


---------------------------------------------------------------------------
ITEM 3.   DEFAULTS UPON SENIOR SECURITIES
---------------------------------------------------------------------------

     Not Applicable.


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

     Not Applicable.

                                                                            19
<PAGE>
---------------------------------------------------------------------------
ITEM 5.   OTHER INFORMATION
---------------------------------------------------------------------------

     On June 22, 2001, the Board of Directors of the Company authorized a
private offering under Rule 506 of Regulation D (the "Offering") to raise
additional working capital for the Company.  The Company is offering three
hundred thousand (300,000) shares of its $0.001 par value common stock at a
price of $0.10 per share in the Offering (the "Shares").  This Offering
commenced July 1, 2001 and was to continue through September 30, 2001.  At
September 30, 2001, the Company sold 188,500 Shares under the Offering.  On
September 30, 2001, the Board of Directors of the Company authorized to extend
the Offering through November 30, 2001, an additional sixty (60) days.

     Subsequently, on October 1, 2001 the Board of Directors authorized the
Company to pay for all accrued rental expenses and further all accrued
utilities/miscellaneous expenses through September 30, 2001.  In addition, the
Board of Directors authorized the Company to terminate the January 1, 2001
Rental/Utilities Agreement and enter into a new Rental/Utilities Agreement
with Tammy Gehring effective October 1, 2001 ("New Rental/Utilities
Agreement").  The New Rental/Utilities Agreement allows the Company to
continue to use office space in the home of Ms. Gehring for the operations of
the Company at a base rent of $100 per month.  The Company also agreed to pay
a base utilities/miscellaneous expense of $100 per month designated for but
not limited to heat, power, water, sewer, garbage collection, recycling,
phone, fax, Internet, computer use, printer use, and any other office items
needed for the operations of the Company, not currently being paid by the
Company.  The New Rental/Utilities Agreement is on a month-to-month basis
beginning October 1, 2001, with the first payment due October 31, 2001 and
each payment thereafter being due on the last day of each month.

---------------------------------------------------------------------------
ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K
---------------------------------------------------------------------------

(a)  Exhibits:  Exhibits required to be attached by Item 601 of Regulation
     S-B are listed in the Index to Exhibits of this Form 10-QSB, which is
     incorporated herein by reference.

(b)  Reports on Form 8-K:  No reports on Form 8-K have been filed during the
     last quarter of the period covered by this report.

---------------------------------------------------------------------------
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.

                                   TEQ - 1 Corporation


                                      /S/ TAMMY GEHRING
                                   ----------------------------------------
Date: November 12, 2001            By: Tammy Gehring, President, Secretary
                                                       Treasurer, Director


                                                                            20
<PAGE>
                               INDEX TO EXHIBITS
                             ---------------------


SEC Ref     Page
No.         No.       Description
-------     ----      -----------

Ex-3(i)      *1*      Articles of Incorporation of the Company, filed with
                      the State of Nevada on November 19, 1997.

Ex-3(ii)     *1*      Bylaws of the Company.

Ex-10.1      *2*      Promissory Note dated February 1, 2000 executed by the
                      Company.

Ex-10.2      *2*      Promissory Note dated June 1, 2000 executed by the
                      Company.

Ex-10.3      *3*      Employment Agreement by and between the Company and
                      Tammy Gehring dated January 1, 2001.

Ex-10.4      *3*      Rental/Utilities Agreement by and between the Company
                      and Tammy Gehring dated January 1, 2001.

Ex-10.5      22       Rental/Utilities Agreement by and between the Company
                      and Tammy Gehring dated October 1, 2001.

Ex-99.1      24       Board of Directors resolution dated October 1, 2001,
                      authorizing to terminate the Rental/Utilities
                      Agreement effective January 1, 2001.


*1*       The listed exhibits are incorporated herein by this reference to
          the Registration Statement on Form 10-SB, filed by the Company
          with the Securities and Exchange Commission on May 9, 2000.

*2*       The listed exhibits are incorporated herein by this reference to
          the Quarterly Report on Form 10-QSB for the quarter ended June 30,
          2000, filed by the Company with the Securities and Exchange
          Commission on August 11, 2000.

*3*       The listed exhibits are incorporated herein by this reference to
          the Quarterly Report on Form 10-QSB for the quarter ended March
          31, 2001, filed by the Company with the Securities and Exchange
          Commission on May 14, 2001.

                                                                            21