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

                                  FORM 10QSB/A

(Mark One)

|X| QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

    For the quarterly period ended June 30, 2002.

| | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

    For the transition period from _________________ to _________________

                         Commission file number: 0-30463

                               R-Tec Holding, Inc.
                 [Exact name of business issuer in its charter]

Idaho                                       82-0515707
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation of organization)

1471 E. Commercial Ave., Meridian, Idaho             83642
(Address of principal executive offices)             (Zip Code)

Issuers Telephone Number:  (208) 887-0953            Fax: (208) 888-1757

The number of shares of common stock outstanding as of June 30, 2002, is
21,025,005

Transitional Small Business Disclosure Format (Check one): Yes | | No |X|

<PAGE>

                      R-TEC HOLDING, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEET
              As of June 30, 2002 (Unaudited) and December 31, 2001

<TABLE>
<CAPTION>
                                                                       June 30, 2002       December 31, 2001
                                                                       -------------       -----------------
<S>                                                                     <C>                   <C>
Current assets
    Cash                                                                $   121,098           $   330,044
    Accounts receivable (net of $26,295 and $25,000
       allowance for doubtful accounts at June 30, 2002 and
       December 31, 2001, respectively)                                     792,369               150,848
    Costs and estimated earnings in excess
       of billings on uncompleted contracts                                 245,396                52,027
    Income taxes receivable                                                  15,295                15,295
    Inventory                                                                37,565                    --
    Prepaid expenses                                                          5,044                 3,094
    Notes receivable, current portion                                         7,475                 7,635
                                                                        -----------           -----------
                                Total current assets                      1,224,242               558,943

Equipment and leasehold improvements, at cost,
    net of accumulated depreciation                                         681,736               628,957
Intangible assets, at cost, net of accumulated
    amortization                                                            274,482               320,228
Goodwill                                                                    201,218               201,218
Other assets, at cost, net of accumulated
    amortization                                                             33,604                44,075
Notes receivable, less current portion                                           --                 7,475
                                                                        -----------           -----------

                                        Total assets                    $ 2,415,282           $ 1,760,896
                                                                        ===========           ===========

Current liabilities
    Accounts payable                                                    $   360,618           $   204,808
    Accrued expenses                                                         91,686                28,491
    Leases payable, current portion                                          70,251                61,435
    Notes payable, current portion                                          358,000               100,000
    Notes payable related parties, current portion                          169,295                    --
    Accrued preferred dividends payable                                     124,175                    --
                                                                        -----------           -----------
                           Total current liabilities                      1,174,025               394,734

Accrued preferred dividends payable                                              --                95,116
Lease payable, less current portion                                          25,510                56,510
Notes payable to related parties, less current portion                      200,000               369,295
                                                                        -----------           -----------
                                   Total liabilities                      1,399,535               915,655

Shareholders' equity
    Series A cumulative convertible preferred stock, par value
       $0.23437 per share, 5,000,000 authorized, 2,781,564
       shares issued and outstanding                                        651,100               651,100
    Common stock, no par value per share,
       30,000,000 authorized, 21,052,005 and 19,009,205
       shares issued and outstanding  at June 30, 2002
       and December 31, 2001, respectively                                2,872,915             2,132,755
    Additional paid-in capital                                              440,780               358,540
    Accumulated deficit                                                  (2,949,048)           (2,297,154)
                                                                        -----------           -----------
                          Total shareholders' equity                      1,015,747               845,241
                                                                        -----------           -----------

          Total liabilities and shareholders' equity                    $ 2,415,282           $ 1,760,896
                                                                        ===========           ===========
</TABLE>

                             See accompanying notes
                                      -1-
<PAGE>


                       R-TEC HOLDING, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF OPERATIONS
              For the Period Ended June 30, 2002 and June 30, 2001

<TABLE>
<CAPTION>
                                                    Three Months Ended June 30,            Six Months Ended June 30,
                                                      2002               2001               2002               2001
                                                  -------------------------------       -------------------------------
<S>                                               <C>                <C>                <C>                <C>
Revenues                                          $    557,690       $  1,147,216       $  1,308,922       $  1,846,387

Operating costs                                        351,235            661,688            811,123          1,109,353
                                                  ------------       ------------       ------------       ------------

                                Gross profit           206,455            485,528            497,799            737,034

Selling, general and administrative expenses           544,201            332,382          1,048,457            617,535
Research and development                                30,723                195             34,028                195
                                                  ------------       ------------       ------------       ------------

                     Operating income (loss)          (368,469)           152,951           (584,686)           119,304

Interest expense                                       (32,611)            (3,708)           (40,470)            (8,550)
Interest income                                          1,359              2,527              2,341              3,962
                                                  ------------       ------------       ------------       ------------
                                                       (31,252)            (1,181)           (38,129)            (4,588)
                                                  ------------       ------------       ------------       ------------

Income (loss) before income taxes                     (399,721)           151,770           (622,815)           114,716
Income taxes                                                --                  2                 20                652
                                                  ------------       ------------       ------------       ------------

                           Net income (loss)          (399,721)           151,768           (622,835)           114,064

Preferred stock dividends                               14,610             14,610             29,059             29,059
                                                  ------------       ------------       ------------       ------------

                 Net income (loss) available
                      to common shareholders      $   (414,331)      $    137,158       $   (651,894)      $     85,005
                                                  ============       ============       ============       ============

Net income (loss) per common share                $      (0.02)      $       0.01       $      (0.03)      $       0.00
Weighted average shares outstanding                 20,644,138         18,116,471         20,256,994         17,881,100
</TABLE>


                             See accompanying notes
                                      -2-
<PAGE>


                      R-TEC HOLDING, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
        For the Periods Ended June 30, 2002 and June 30, 2001 (Unaudited)

<TABLE>
<CAPTION>
                                                                        Six Months Ended June,
                                                                         2002             2001
                                                                     ------------     -----------
<S>                                                                  <C>              <C>
Cash flows from operating activities
     Net income (loss)                                               $  (622,835)     $   114,064
     Adjustments to reconcile net income (loss) to net
        cash provided used by operating activities
        Depreciation and amortization                                    134,817           35,048
        Common stock issued for services                                      --            3,334
        Common stock bonuses                                                  --           15,000
        Changes in assets and liabilities
            Accounts receivable                                         (641,521)        (322,904)
            Costs and estimated earnings in excess
              of billings on uncompleted contracts                      (193,369)        (131,374)
            Inventory                                                    (37,565)         (19,678)
            Prepaid expenses                                              (1,950)           1,464
            Accounts payable                                             155,810         (137,380)
            Accrued expenses                                              63,195          123,402
            Billings in excess of costs and estimated
              earnings on uncompleted contracts                               --          (94,134)
                                                                     -----------      -----------
                           Net cash used by operating activities      (1,143,418)        (413,158)

Cash flows from investing activities
     Purchase of equipment and other assets                             (131,379)        (144,491)
                                                                     -----------      -----------
                           Net cash used by investing activities        (131,379)        (144,491)

Cash flows from financing activities
     Collections on loans                                                  7,635              876
     Proceeds from common stock and options                              822,400          875,900
     Proceeds from debt                                                  358,000               --
     Payments on debt                                                   (122,184)         (22,923)
                                                                     -----------      -----------
                      Net cash provided by financing activities        1,065,851          853,853
                                                                     -----------      -----------

                                Net increase (decrease) in cash         (208,946)         296,204
Beginning cash                                                           330,044           76,634
                                                                     -----------      -----------

                                                    Ending cash      $   121,098      $   372,838
                                                                     ===========      ===========


Supplemental disclosures of cash flow information
     Interest paid                                                   $    25,785      $     8,550
     Noncash investing and financing activities
        Equipment acquired through note payable                      $        --      $   123,639
        Preferred stock dividends payable                            $    29,059      $        --
</TABLE>

                             See accompanying notes
                                      -3-

<PAGE>

                       R-TEC HOLDING, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                             June 30, 2002 and 2001

NOTE A - UNAUDITED INTERIM FINANCIAL STATEMENTS

In the opinion of management, the accompanying unaudited financial statements
contain all adjustments (consisting solely of normal recurring adjustments)
necessary to present fairly the financial position of R-Tec Holdings, Inc. (the
Company) and the results of operations and cash flows. Certain reclassifications
of prior quarter amounts were made to conform with current quarter presentation,
none of which affects previously recorded net loss.

NOTE B - EQUIPMENT AND LEASEHOLD IMPROVEMENTS

Equipment and leasehold improvements consists of:


          Equipment                                          $ 745,798
          Vehicles                                              33,804
          Office equipment and furnishings                      93,917
          Leasehold improvements                                45,720
                                                             ---------
                                                               919,239
          Accumulated depreciation and amortization           (237,503)
                                                             ---------

                                                             $ 681,736
                                                             =========

     NOTE C - INTANGIBLE ASSETS

     Intangible assets consist of:

          Customer lists                                     $ 365,975
          Accumulated amortization                             (91,493)
                                                             ---------

                                                             $ 274,482
                                                             =========

The estimated useful life of customer lists is four years.


                                      -4-
<PAGE>

                       R-TEC HOLDING, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                             June 30, 2002 and 2001

NOTE D - OTHER ASSETS

Other assets consist of:

     Software                                                 $ 74,421
     Accumulated amortization                                  (40,817)
                                                              --------

                                                              $ 33,604
                                                              ========

The estimated useful life of software is three years.

NOTE D - INVENTORY

Parts inventory is stated at the lower of cost (last-in, first-out method) or
market.

Inventories consist of:

     GCI inventory                                            $ 13,265
     Parts inventory                                            24,300
                                                              --------

                                                              $ 37,565
                                                              ========

NOTE E - DEBT

Debt issuances for the quarter ended June 30, 2002 are as follows:

Convertible note payable to Jill Marshall,
monthly interest only payments at 12%,
principal due June 2003, convertible to
common stock, unsecured                                       $100,000

Convertible note payable to Benjamin Coleman,
monthly interest only payments at 12%,
principal due June 2003, convertible to
common stock, unsecured                                         50,000

Convertible note payable to Paul Miller,
monthly interest only payments at 12%,
principal due June 2003, convertible to
common stock, unsecured                                         50,000

Note payable to BFS Group Ltd.,
10% interest, due on demand,
secured by certain assets of the Company                       108,000

Note payable to BFS Group Ltd.,
10% interest, due April 2002,
secured by $252,000 Department of
Defense contract                                                50,000
                                                              --------

                                                              $358,000
                                                              ========

                                      -5-
<PAGE>

                       R-TEC HOLDING, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                             June 30, 2002 and 2001

NOTE F - OPTIONS

During the three months ended June 30, 2002, Rule 144 restricted stock and
options were sold to investors. The Company estimated the value assigned to the
options based on an estimated stock trading price of $.25 per share and a 10%
discount factor for the stock restriction. The value assigned to the options for
the six months ended June 30, 2002, was estimated at $19,900.

NOTE G - SUBSEQUENT EVENT

In July 2002, a related party note payable of $169,295 was repaid with current
assets. The note payable is included in the balance sheet caption: Notes payable
to related parties, current portion.


                                      -6-
<PAGE>

                         PART I - FINANCIAL INFORMATION

Forward Looking Statements and Risk Factors

     This form 10-QSB/A contains certain forward-looking statements that are
based on management's current expectations. The Company has identified risk
factors that could cause actual results to differ substantially from the
forward-looking statements. These risk factors include, but are not limited to:
general economic conditions, current industry specific trends, variability in
time line of new product developments, new product acceptance, difficulties in
manufacturing new products in large volume, economic viability of our customers
and vendors, changes in legislation, the ability to obtain adequate capital
funding for product development and expansion, and the availability of qualified
employees.

Item 1. Financial Statements:

     The following financial statements are filed as part of this report:

     The Consolidated Financial Statements of the Company for the three months
and six months ended June 30, 2002 and 2001.

Item 2. Management's Discussion and Analysis or Plan of Operation:

Financial Results of Operations:

     Revenues have remained static as the technology markets continue to be
sluggish through the second quarter of 2002. The Company's major customers are
technology based. For engineered automation sales, reductions in capital
equipment budgets among the Company's customers have impacted larger dollar
orders for new designs and repeat orders for existing designs. The Company does
feel that quoting opportunities have increased marginally in the second quarter
of 2002 from the first quarter of 2002. To the extent this trend in quoting
continues, the Company would expect increases in revenues showing up in the
third quarter as most engineered automation projects extend from one month to
six months. The Company has not seen a substantial change in quoting
opportunities or booked sales for its IC technologies, including the proprietary
GCI(TM) product lines and corresponding sockets from the first quarter of 2002
to the second quarter respectively.

     Sales for the three months ended June 30, 2002 were $557,690, compared to
$1,147,216 for the period ending June 30, 2001, a decrease of $589,526 or 51%.
This decrease of 51% is attributable to continued softness in capital purchases
from the Company's principal customers in the technology sector. Operating
expenses of $351,235 were 63% of sales compared to $661,688 or 58% of sales
respectively for the periods June 30, 2002 and June 30, 2001. The increase in
operating expenses as a percent of sales is primarily due to an increase in the
number of projects in work in process, but which have smaller sales dollar
amounts. Resource allocation to handle increased project data flow is
disproportionate to the same sales dollar value with fewer, but larger projects.


                                      -7-
<PAGE>

     Selling, general and administrative expenses were $544,201, or 98% of sales
for the three months ending June 30, 2002, compared to $332,382 or 29% of sales
for the same period ended June 30, 2001. This increase of $211,819 is
attributable to the addition of essential technical personnel to accelerate the
research and development of the Company's interconnect technologies, including
the construction of a production facility to bring the manufacturing of the
GCI(TM) products in-house.

     Net loss for the three months ended June 30, 2002 was $399,721, compared to
a net income of $151,768 for the same period ended June 30, 2001. Management
feels the net loss is due primarily to the decrease in recognized sales from
shipped products and work in process.

Changes in Financial Condition:

     The following discussion and analysis should be read in conjunction with
the financial statements and notes thereto appearing elsewhere herein for June
30, 2002 and June 30, 2001.

     Current assets were $1,224,242 for the period ending June 30, 2002,
compared to $558,943 for the period ending December 31, 2001, an increase of
$665,299, or 119%, respectively. The current ratio was 1.04 at June 30, 2002,
compared to 1.42 at December 31, 2001. The net increase in current assets at
June 30, 2002, over December 31, 2001, was due primarily to an increase in
accounts receivable of $641,521 and an increase in work in process recognized as
underbillings of $193,369. Cash accounts decreased by $208,946.

     Management feels the net increase in current asset accounts without a
corresponding increase in sales is related to an increase in time-to-collection
of receivables and other collectibles. The Company has experienced a shift in
payment terms with several of its larger customers as they have proposed
extended payment terms of 45 days to 60 days. While recognized as an unfavorable
shift in cash flows, the Company has not been able in some negotiations with key
customers to demand more aggressive payment terms.

Liquidity:

     Management recognizes that with consecutive period losses, it must rely on
supplemental external funding. It is the opinion of management that, to the
extent current asset accounts, primarily receivables, can be collected in a
timely manner, and some supplemental operating capital can be acquired, adequate
resources exist to fund current operations for the short term. The Company is
continuing to pursue the construction of its GCI(TM) production facility, and
recognizes that additional, external funding will be necessary to complete this
facility. In addition, management recognizes that increases in sales will
require increases in funding needs to adequately support work in process
purchasing.

Funding and Capital Resources:

     For the period ending June 30, 2002, management has continued to seek
capital infusion through equity funding opportunities. In the near future
however, it is the decision of management to seek additional funding for
operations, continued construction of the GCI(TM) production facility, and work
in process, with debt instruments. Given the current market price of the
Company's stock, the cost of capital has been determined by management to be too
costly,


                                      -8-
<PAGE>

through equity funding. The dilution of shareholder equity is of concern to
management and weighs heavily against an equity funding approach in the near
term. The funding instruments currently being used are convertible notes;
convertible at the holders' determination, at a percent of the Company's market
price of stock at the time of maturity. It would be management's goal to retire
these convertible notes with equity funding instruments in future periods when
the stock price of the Company is at a higher value than current market prices,
resulting in less dilution to shareholders.

Plan of Operation:

     Management is aware of the importance of increasing sales within both the
short and long term. In an effort to accomplish this, new markets are being
analyzed for product introduction. Plans are underway to consider introduction
of several of the Company's pre-designed and manufactured products into China.
Several key personnel within the Company's existing structure have prior
experience in China, including speech fluency. In addition, the Company has
refocused the sales team by product line, with key inside sales personnel
assigned to product lines, as contrasted with prior geographical assignments. It
is management's opinion that this refocusing will allow key sales personnel to
develop greater expertise in product understanding and more direct relationships
with key customers.

     Completion of the GCI(TM) production line is also a primary goal of the
Company in the near term. Scheduled completion is the end of September, 2002. It
is believed by management that with the completion and fine-tuning of the
GCI(TM) manufacturing process, consistency of product will enable additional
sales increases. The in-house manufacturing process will also enable the Company
to explore additional product niches within the interconnect sectors, including
but not limited to, silicone wafer testing, known good die testing, and flex
circuit manufacturing.

     In order to maximize operating margins, the Company is continuing to pursue
a broadening of its standard products where engineering support and costing data
are known. It is also believed by management that additional standardized
products will enable the sales team to penetrate new markets. Standardization of
some existing products may enable pricing reductions to help increase market
share in price sensitive markets and with specific customers who are
particularly price sensitive in the current, tight economic environment.

     In an effort to reduce time-to-collection of receivables, management is
testing the viability of more aggressive terms on sales of products to
counterbalance the longer payment terms being negotiated by existing, larger
customers. In situations where the Company is not able to negotiate more
favorable net terms, customers are being offered the alternative of discounts
for shorter payment cycles.

     As specified previously in the Funding and Capital Resources section, the
Company is continuing to pursue capital infusions. Primarily, the Company is
continuing in its relationship with the Olympus Group, which represents the
Company in seeking funding and in investor relations. It is management's belief,
that with representations to the Company by the Olympus Group, sufficient
capital resources will be available in the near term. These funds will be used
in three areas, i.e., operating expenses, capital asset expansions (mostly
comprised of the GCI(TM)


                                      -9-
<PAGE>

production facility), and work in process funding. The Company cannot guarantee
however, that these funds will be available as expected due to factors beyond
its control.

                           PART II - OTHER INFORMATION

Item 1. Legal Proceedings: None

Item 2. Changes in Securities:

     During the second quarter of 2002, the Company received cash from common
stock through private placements, as follows:

<TABLE>
<CAPTION>
                                              Cash
Date          Shares      Options             Consideration      Shareholder
----          ------      -------             -------------      -----------
<S>           <C>         <C>                 <C>                <C>
04/27/02      200,000     200,000 @ $ .50     $ 50,000           Karl A. Schurter
05/14/02      400,000     400,000 @ $ .50     $100,000           Emory C. Christensen
06/13/02      196,000     196,000 @ $ .50     $ 49,000           Kent Mason
------------------------------------------------------

Totals        796,000     796,000             $199,000
</TABLE>

Stock Option Plan to Employees:

    The Company issued no stock options to employees during the second quarter
of 2002.


Item 3: Defaults Upon Senior Securities: None

Item 4: Submission of Matters to a Vote of Security Holders: None

Item 5: Other Information: None

Item 6: Exhibits and Reports on form 8-K.

Exhibit 6.1

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

         In connection with the Quarterly Report of R-Tec Holding, Inc., (the
"Company") on Form 10-QSB, and supplemental filing on Form 10-QSB/A for the
period ending June 30, 2002 as filed with the Securities and Exchange Commission
on the date hereof (the "Report"), I, Michael T. Montgomery, Chief Financial
Officer of the Company, certify, pursuant to 18 U.S.C. Code Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:


                                      -10-
<PAGE>

(1)  The Report fully complies with the requirements of section 13(a) of 15(d)
     of the Securities Act of 1934; and

(2)  To the best of my knowledge, based upon a review of the Report, and, except
     as corrected or supplemented in a subsequent covered Report, the Report
     does not contain any untrue statements of a material fact as of the period
     covered by the Report, nor has any statement of a material fact been
     omitted from said Report; and

(3)  I have reviewed the contents of the Report with the Company's audit
     committee.

     /s/    Michael T. Montgomery
     -------------------------------------
     Michael T. Montgomery
     Chief Financial Officer
     August 15, 2002

     ---------------------------------------------------------------------------

Exhibit 6.2

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

         In connection with the Quarterly Report of R-Tec Holding, Inc., (the
"Company") on Form 10-QSB and supplemental filing on Form 10-QSB/A for the
period ending June 30, 2002 as filed with the Securities and Exchange Commission
on the date hereof (the "Report"), I, Douglas G. Hastings, Chief Executive
Officer of the Company, certify, pursuant to 18 U.S.C. Code Section 1350, as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

     (1)  The Report fully complies with the requirements of section 13(a) of
          15(d) of the Securities Act of 1934; and

     (2)  To the best of my knowledge, based upon a review of the Report, and,
          except as corrected or supplemented in a subsequent covered Report,
          the Report does not contain any untrue statements of a material fact
          as of the period covered by the Report, nor has any statement of a
          material fact been omitted from said Report; and

     (3)  I have reviewed the contents of the Report with the Company's audit
          committee.


     /s/    Douglas G. Hastings
     -----------------------------------------
     Douglas G. Hastings
     President and Chief Executive Officer
     August 15, 2002
     ---------------------------------------------------------------------------

(a)      Form 8K filings: None


                                      -11-
<PAGE>

                               R-Tec HOLDING, INC.
                                  (Registrant)

August 13, 2002


Principal Executive Officer:        By  /s/_________________________________
                                          Douglas G. Hastings, President and CEO

Principal Financial Officer:        By /s/_________________________________
                                          Michael T. Montgomery, CFO

Majority of Board of Directors:        /s/__________________________________
                                          Rulon L. Tolman, Director

                                       /s/__________________________________
                                          Gary A. Clayton, Director

                                       /s/__________________________________
                                          Douglas G. Hastings, Director

                                       /s/__________________________________
                                          David R. Stewart, Director


                                      -12-