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

                                   FORM 10-QSB

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


For Quarter Ended:   July 31, 2000         Commission File Number:    0-30783
                  -------------------                              -------------

                             ACT INTERNATIONAL, INC.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

Nevada                                                        87-06263223
--------------------------------------------------------------------------------
(State or other jurisdiction of                             (I.R.S. Employer
 incorporation or organization)                              Identification No.)

4035 South 300 West, #6, Salt Lake City, UT                        84107
--------------------------------------------------------------------------------
(Address of principal executive offices)                         (Zip Code)


                                 (801) 281-3073
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)


         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  proceeding  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.

[ X ] Yes         [   ] No

         Indicate  the  number of  shares  outstanding  of each of the  issuer/s
classes of common stock as of the last practicable date:

                                                 Number of Shares Outstanding
                  Date                           At July 31, 2000
                  ----                           ----------------------------

             Common Stock                        16,619,760


<PAGE>

                             ACT INTERNATIONAL, INC.

                                      INDEX


                                                                            Page
                                                                            ----
    PART I   FINANCIAL INFORMATION

         Item 1. Financial Statements

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

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

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

                 Notes of Consolidated Financial Statements (Unaudited)......  6

         Item 2. Managements Discussion and Analysis of Financial
                       Condition and Results of Operations...................  9

    PART II OTHER INFORMATION

         Item 6. Exhibits and Reports on Form 8-K............................ 11

                       Signature Page........................................ 12






                                                                               2

<PAGE>

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

                             ACT INTERNATIONAL, INC.
                          (A Development Stage Company)
                           CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)

                                     ASSETS
                                     ------

                                              July 31, 2000    October 31, 1999
--------------------------------------------------------------------------------

CURRENT ASSETS

Cash and Cash Equivalents                       $  192,333        $    1,122

 Technology net of accumulated  amortization
  Of $37,875                                       429,250           467,125
                                                ----------        ----------

         Total Assets                           $  447,767        $  468,247
                                                ----------        ----------


                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------

CURRENT LIABILITIES
   Related party payable                        $     --          $   12,480

    Commitments                                       --                --

STOCKHOLDERS' EQUITY
   Preferred Stock, $.001 par value;
    5,000,000 shares authorized,
    no shares issued and outstanding
  Common Stock, $.001 par value;
    100,000,000 shares  authorized
     16,619,760 issued  and outstanding             16,619            15,862
         Additional Paid-in Capital              3,046,036         1,794,343
         Accumulated Deficit                    (2,614,888)       (1,354,438)
                                                ----------        ----------


         Total Stockholders' Equity                447,767           455,767
                                                ----------        ----------

TOTAL LIABILITIES AND
         STOCKHOLDERS' EQUITY                   $  447,767        $  468,247
                                                ==========        ==========

The  Accompanying  Notes are an Integral  Part of These  Consolidated  Financial
Statements.

                                                                               3

<PAGE>

<TABLE>

<CAPTION>

                             ACT INTERNATIONAL, INC.
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENT OF OPERATIONS

                                       Nine Months     January 8,
                                          Ended       1999 (Date of   July 31, 2000
                                         July 31,     Inception) to    Cumulative
                                           2000        October 31,       Amounts
                                       (Unaudited)         2000        (Unaudited)
                                      ------------    ------------    ------------
<S>                                   <C>             <C>             <C>

REVENUE                               $       --      $       --      $       --

General and administrative expenses     (1,260,450)      1,354,438      (2,614,888)
                                      ------------    ------------    ------------

         Loss before income taxes       (1,260,450)     (1,354,438)     (2,614,888)

Income tax benefit                            --              --              --
                                      ------------    ------------    ------------

           Net loss                   $ (1,260,450)   $ (1,354,438)   $ (2,614,888)
                                      ------------    ------------    ------------

Loss per share - basic and diluted    $       --      $       --      $      (0.17)
                                      ------------    ------------    ------------

Weighted average common shares
    Outstanding                         16,214,000      15,670,000      15,915,000
                                      ------------    ------------    ------------

</TABLE>

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

                                                                               4

<PAGE>

<TABLE>

<CAPTION>

                             ACT INTERNATIONAL, INC.
                          (A Development Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                   Nine Months    1999 (Date       July 31
                                                      Ended      of Inception)       2000
                                                     July 31,          to         Cumulative
                                                       2000       October 31,      Amounts
                                                   (Unaudited)        1999       (Unaudited)
                                                   -----------    -----------    -----------
<S>                                                <C>            <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
   Net Loss                                        $(1,260,450)   $(1,354,438)   $(2,614,888)

   Adjustments to reconcile net loss to net cash
   used in operating activities:
     Amortization expense                               37,875         37,875         75,750

     Issuance of common stock for services             849,375        159,805      1,009,180

     Stock option compensation expense                    --          763,000        763,000

     Increase (decrease) in accounts payable           (12,480)        12,480           --
                                                   -----------    -----------    -----------

Net Cash Used By Operating Activities                 (385,680)      (381,278)      (766,958)
                                                   -----------    -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES:                     --             --             --
                                                   -----------    -----------    -----------


CASH FLOWS FROM FINANCING ACTIVITIES:
   Issuance of common stock for cash - net             403,075        382,400        785,475
                                                   -----------    -----------    -----------

   Net Increase in Cash                                 17,395          1,122         18,517

Cash, beginning of period                                1,122           --             --
                                                   -----------    -----------    -----------

Cash, end of period,                               $    18,517    $     1,122    $    18,517
                                                   ===========    ===========    ===========

</TABLE>


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

                                                                               5

<PAGE>

                             ACT INTERNATIONAL, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

Note 1.  Organization and Summary of Significant Accounting Policies

Organization
------------

American Coating Technologies,  Inc. (The Company) was incorporated in the State
of  Nevada  on  January  8,  1999  for  the  purpose  of   developing   business
opportunities  by licensing its patented  low-temperature  Plasma Arc Deposition
technology in semiconductor,  medical,  optical and industrial tool applications
and to pursue further research and patent processes.

In  accordance  with  SFAS  No.  7,  the  Company  is  considered  to be in  the
development  stage. The Company is devoting  substantially all of its efforts to
establishing  a new  business.  No principal  operations  have  commenced and no
significant revenues have been derived from operations.

Unaudited Financial Statements
------------------------------

In the opinion of Company's  management,  the accompanying  unaudited  financial
statements contain all normal recurring  adjustments necessary to present fairly
the Company's  financial position for the interim period.  Results of operations
for the nine  months  ended  July 31,  2000 are not  necessarily  indicative  of
results to be expected for the full fiscal year ending October 31, 2000.

The accompanying unaudited financial statements have been prepared in accordance
with generally accepted accounting  principles for annual financial  statements.
Although the Company believes that the disclosures in these unaudited  financial
statements are adequate to make the information presented in the interim periods
not misleading,  certain information and footnote  information normally included
in annual financial  statements  prepared in accordance with generally  accepted
accounting  principles have been condensed or omitted  pursuant to the rules and
regulations  of the  Securities  and Exchange  Commission,  and these  financial
statements  should be read in  conjunction  with the  Company's  audited  annual
financial statements.

Concentration of Credit Risk
----------------------------

The Company  maintains its cash in bank deposit  accounts which,  at times,  may
exceed federally  insured limits.  The Company has not experienced any losses in
such accounts and believes it is not exposed to any  significant  credit risk on
cash and cash equivalents.

Cash and Cash Equivalents
-------------------------

For  purposes  of this  statement  of cash  flows,  cash  includes  all cash and
investments with original maturities to the Company of three months or less.

Technology
----------

The  technology  consists of costs to acquire all legal rights to the patents of
the  technology in use by the Company.  Technology is amortized over a five year
period.

Income Taxes
------------

Deferred  income  taxes are  provided  in amounts  sufficient  to give effect to
temporary differences between financial and tax reporting.

                                                                               6

<PAGE>

Loss Per Share
--------------

The  computation  of basic  earnings  per common  share is based on the weighted
average number of shares outstanding during the period.

The  computation  of diluted  earning per common  share is based on the weighted
average  number of shares  outstanding  during the period plus the common  stock
equivalents  which would arise from the  exercise of stock  options and warrants
outstanding  using the treasury  stock  method and the average  market price per
share  during the  period.  Common  stock  equivalents  are not  included in the
diluted earnings per share calculation when their effect is antidilutive.

Use of Estimates in Financial Statements
----------------------------------------

The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect  the  reported  amounts  of assets  and  liabilities  and  disclosure  of
contingent  assets  and  liabilities  at the date of the  financial  statements.
Actual results could differ from those estimates.

Note 2.  Going Concern

The  accompanying  financial  statements  have been prepared on a  going-concern
basis,  which  contemplates   profitable  operations  and  the  satisfaction  of
liabilities  in the normal  course of  business.  As shown in the  statement  of
operations,  the Company has had no revenue from  operations  and reported a net
loss  for  the  period  ended  October  31,  1999.  These   uncertainties  raise
substantial  doubt  about the  ability  of the  Company to  continue  as a going
concern.

The Company's  continuation  as a going concern is dependent upon its ability to
satisfactorily meet its debt obligations through securing adequate new financing
or generating sufficient cash flows from operations. The financial statements do
not  include  any  adjustments  that  might  result  from the  outcome  of these
uncertainties.

Management  has entered  into a plan where it is pursuing  other  financing  and
searching for additional business opportunities.  It is not known if the Company
will be successful.

Note 3.  Income Taxes

The benefit for income taxes is different from amounts,  which would be provided
by applying the  statutory  federal  income tax rate to loss before  benefit for
income taxes, for the following reasons:

                      Federal income tax benefit at statutory rate    $ 460,000
                      Change in valuation allowance                    (460,000)
                                                                      ---------

                                                                      $    --
                                                                      =========

Deferred tax assets (liabilities) consist of the following:

                      Net operating loss carryforward                 $ 460,000
                      Valuation allowance                              (460,000)
                                                                      ---------

                                                                      $    --
                                                                      =========


                                                                               7

<PAGE>

At October 31, 1999, the Company has a net operating loss carryforward available
to offset future taxable income of approximately  $1,350,000 which will begin to
expire in 2019.  The  utilization  of the net  operating  loss  carryforward  is
dependent  upon  the tax laws in  effect  at the  time  the net  operating  loss
carryforward can be utilized.  The Tax Reform Act of 1986  significantly  limits
the annual  amount that can be utilized for this  carryforward  as a result of a
change in ownership.

Note 4.  Related Parties.

The  Company  has a  payable  due to an  officer/shareholder  in the  amount  of
$12,480.  The payable is unsecured,  non-interest  bearing,  and has no specific
repayment terms.

The   Company   has   entered   into   consulting    agreements   with   certain
officers/shareholders.   The  agreements  require  aggregate  mandatory  monthly
consulting fees of approximately $18,000. As of October 31, 1999 the Company had
paid approximately  $81,000 under the terms of these agreements.  No amounts are
due under these agreements at October 31, 1999.

The  Company has entered  into an  Agreement  with  certain  shareholders  which
requires the Company to pay  royalties  of  approximately  5% of gross  revenues
generated  from use of the  Company's  technology.  No amounts  were due or paid
during the period from January 8, 1999 (date of inception) to October 31, 1999.

This agreement also contains certain shareholder  anti-dilution provisions until
the Company obtains approximately $2,000,000 in equity financing.

Note 5.  Supplemental Cash Flow Disclosure.

During the period ended October 31, 1999:

   -   The Company did not pay any amounts related to interest and income taxes.

   -   The Company issued 15,300,000 shares of  common  stock  in  exchange  for
       technology valued at $505,000

Note 6.  Preferred Stock.

The preferred stock consists of 5,000,000 shares with $0.001 par value. Upon any
dissolution or liquidation, the holders of preferred stocks shall be entitled to
receive out of the assets of the Company,  the sum initially  paid per share and
any dividend  declared or unpaid  before any payment shall be made or any assets
distributed  to the common stock  shareholders.  All other rights and privileges
are to be determined upon an issuance of the preferred stock.


                                                                               8

<PAGE>

Note 7.  Stock Options.

The  Company  has  granted  stock  options to certain  officers,  employees  and
consultants of the Company to purchase  shares of the Company's  common stock. A
schedule of the options as of October 31, 1999 is as follows:

                                                                     Exercise
                                               Number of             Price per
                                                Options                Share
                                               ---------------------------------
    Outstanding at January 8, 1999
        (date of inception)
              Granted                          1,335,000           $.0003 - .67
              Exercised                         (270,000)           .0003 - .67
              Expired                           (630,000)                   .67
              Canceled                          (435,000)                   .003
                                               ---------------------------------
              Outstanding at October 31, 1999                             --
                                               =================================

Statement of Financial Accounting Standards No, 123, "Accounting for Stock-Based
Compensation" (SFAS 123) gives entities the choice between adopting a fair value
method or continuing to use intrinsic value method under  Accounting  Principles
Board (APB) Opinion No. 25 with footnote disclosures of the pro forma effects if
the fair value  method has been  adopted.  The  Company has opted for the latter
approach.  During the period ended October 31, 1999, the options  granted had no
value as computed under the requirements of SFAS 123 and, therefore, there would
be no pro forma effect on the operations.

The fair value of each option  grant is estimated on the date of grant using the
Black-Scholes option pricing model with the following assumptions:

                        Expected dividend yield                $     --
                        Expected stock price volatility              --
                        Risk-free interest rate                       5%
                        Expected life of options               6 months
                                                               ========

Note 8.  Fair Value of Financial Instruments

The Company's financial  instruments consist of cash and payables.  The carrying
amount of cash and payables  approximates  fair value because of the  short-term
nature of these items.

Note 9.  Subsequent Events.

In December  1999,  the Company  entered into an  employment  agreement  with an
employee which expires December 2003. The agreement provides the employee with a
monthly base salary, business expense reimbursement,  and eligibility for : 1) a
performance bonus; 2)stock options; and 3) other benefit programs offered by the
Company.

On June 15, 2000,  the Company's  shareholders  approved a 3 for 1 forward stock
split.  All  references in the financial  statements to the number of shares and
per share  amounts  have been  retroactively  restated to reflect the  increased
number of shares outstanding.

During the nine  months  ended July 31, 2000 the  Company  issued  approximately
248,000  shares of common stock for  approximately  $403,000  cash, net offering
costs in a private placement.


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

The Company includes certain  estimates,  projections and other  forward-looking
statements  in its  reports,  presentations  to  analysts  and  others and other
material  disseminated  to the public.  There can be no  assurance  as to future
performance  and  actual  results  may  differ  materially  from  those  in  the
forward-looking  statements.  Factors that could cause actual  results to differ
materially from estimates or projections contained in forward-looking statements
include:  (i) the  effects of vigorous  competition  in the markets in which The
Company  operates;  (ii) the cost of entering  new markets  necessary to provide
products and  services;  (iii) the impact of any unusual  items  resulting  from
ongoing  evaluations  of the  Company's  business  strategies;  (iv)  unexpected
results  of  litigation  filed  against  the  Company:  and (v) such  risks  and
uncertainties as are detailed from time to time in the Company's public reports,
including this Report.

                                                                               9

<PAGE>

In addition to the factors  described  above,  factors  that may  contribute  to
future fluctuations in quarterly operating results include,  but are not limited
to: (i) the development and  introduction of new technologies and processes that
require additional  development efforts; (ii) the introduction or enhancement of
products by ACT or its competitors; (iii) changes in the pricing policies of ACT
or its  competitors;  (iv) the  ability of ACT to license  its  technologies  to
licensees capable of penetrating the market and exploiting ACT's technologies in
a profitable manner; (v) increased  competition;  (vi) technological  changes in
the  coatings  industry;  (vii) the ability of ACT and its  licensees  to timely
develop,  introduce  and market new products and  services;  (vii) ACT's quality
control of products and services sold; (viii) market acceptance of new services,
products and product enhancements; (ix) customer order deferrals in anticipation
of new products and product  enhancements;  (x) ACT's  success in expanding  its
sales and marketing programs; (xi) personnel changes; and (xii) general economic
conditions.

The Company's  future  revenues will also be difficult to predict.  Accordingly,
any significant  shortfall of revenues in relation to management's  expectations
or any material delay of technology  licensing and customer orders would have an
immediate  adverse  effect on its  business,  operating  results  and  financial
condition. As a result of all of the foregoing factors, management believes that
period-to-period comparisons of ACT's results of operations are not and will not
necessarily  be  meaningful  and should not be relied upon as any  indication of
future performance.

    a. Plan of Operation.

The Company  requires  additional  capital in order to continue  its current and
strategic  business plans.  Initial working capital has been obtained by private
sale of common  stock.  As of July 31, 2000,  the Company had cash  remaining of
$18,517.  The Company  has  financed a major part of its  operating  expenses by
issuing common shares for services. Due to lack of revenues,  available cash can
satisfy  current  expenses  for only  two to  three  months  while  the  Company
continues to pursue sufficient financing.  The Company will seek additional debt
and equity  financing  to  commence  limited  operations  until any  outstanding
warrants or options are exercised,  if ever. Revenues,  if any, will be utilized
to continue limited  operations.  The Company hopes to obtain sufficient capital
to commence  limited  operations  by first quarter 2001. If the Company fails to
obtain additional  capital, it will abandon its current business plan and pursue
alternative strategies.  If a suitable alternative strategy is not available, or
pursued,  the  Company  may not be able to continue  any  operations,  which may
result in a total loss of your investment.

    b.  Results of Operations

For the period from inception to July 31, 2000, ACT had no revenues. The Company
had a cumulative net loss of $2,614,888 for the same period. ACT had general and
administrative  expenses of  $2,614,888  which  constituted  the value of common
stock issued for cash,  services related to commencement of operations and stock
option compensation expense.

For the nine month period ended July 31, 2000, ACT had no revenues.  The Company
had a net loss of  $1,260,450  for the same period.  The  Company's  general and
administrative  expenses  related to the commencement of operations for the nine
month period ended July 31, 2000 was $292,605.

                                                                              10

<PAGE>

Part II - Other Information

    Item 1 - Legal Proceedings.

    The Company is party to the following Legal Proceedings:

(a).   Brockbank v. American Coating Technologies, Inc.

    (1) Name of Court:  Third District Court for Salt Lake County, State of Utah
    (2) Date Proceedings Began:  December 10, 1999
    (3) Principal Parties:  Stephen W. Brockbank and ACT International, Inc.
    (4) Description of Facts:  Plaintiff is the former president of ACT and sued
        the Company  seeking  certain  stock  payments.  The Company  denied any
        liability  and  asserted  counterclaims  for breach of  fiduciary  duty,
        conversion  of  corporate  property,  embezzlement,  fraud and breach of
        contract.
    (5) Relief  Sought:  Plaintiff  seeks  issuance of 300,000  shares of common
        stock;  Defendant-  Counterclaimant seeks damages to be proven at trial,
        but believed to be in excess of $150,000.

    Item 2 - Changes in Securities

(a).  Material  Modifications  to Common Stock:  On June 13, 1999,  The Board of
Directors of the Company  authorized a three for one forward split of the issued
and outstanding  common shares. As a result,  all shareholders of the Company as
of June 13, 1999 received three new common shares of the Company in exchange for
each share held by shareholders as of June 13, 1999.

(b).  Limitations of Common Stock Rights. No rights related to the common voting
shares of the Company have been materially  limited or qualified by the issuance
or modification of any other class of securities.

(c).  Sale of Unregistered Securities.

       During the  incorporation  phase of the  Company  5.350,000  shares  were
issued to four individuals and entities for the purpose of acquiring  technology
and patent rights to the diamond coating process being exploited by the Company.
No  underwriters  were employed for the purpose of acquiring these rights and no
commissions were paid for these initial issuances of common stock..

       Immediately after its inception, the Company commenced a private offering
of its  securities  pursuant to an exemption  under Rule 504 of  Regulation D as
promulgated by the U.S.  Securities and Exchange Commission under the Securities
Act of 1933.  As of the date of this  report,  the Company has raised a total of
$785,475 from 31 non-accredited  investors and 4 accredited investors as defined
in Rule 501 of  Regulation  D. A total of $37,650  was paid in  commissions  and
finder's fees.

    Item 6 - Exhibits and reports in Form 8-K

       None

                                                                              11

<PAGE>

                                   SIGNATURES

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

                                           ACT INTERNATIONAL, INC.
                                                (Registrant)



                                           By   /s/ Frederick J. Haydock
                                              ----------------------------------
                                                 President, and Director

                                           By   /s/ David Taylor
                                              ----------------------------------
                                                 Secretary and Director




                                                                              12