UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   Form 10-QSB
--------------------------------------------------------------------------------

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

                    For the quarterly period ended February 28, 2001

                 TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
---------        OF 1934

                   For the transition period from _____________ to _____________

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


                        Commission File Number: 000-30779
                                                ---------


                               ElPlata Corporation
        (Exact name of small business issuer as specified in its charter)

         Nevada                                           75-2843787
------------------------                                  ----------
(State of incorporation)                              (IRS Employer ID Number)

                     211 West Wall Street, Midland, TX 79701
                     ---------------------------------------
                    (Address of principal executive offices)

                                 (915) 682-1761
                                 --------------
                           (Issuer's telephone number)

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

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  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
                                                             ---   ---

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

April 12, 2001: 5,000,000
-------------------------

Transitional Small Business Disclosure Format (check one):    YES     NO X
                                                                  ---   ---


<PAGE>





                               ElPlata Corporation

               Form 10-QSB for the Quarter ended February 28, 2001

                                Table of Contents


                                                                          Page
                                                                          ----
Part I - Financial Information

  Item 1 Financial Statements                                               3

  Item 2 Management's Discussion and Analysis or Plan of Operation          9


Part II - Other Information

  Item 1 Legal Proceedings                                                 10

  Item 2 Changes in Securities                                             10

  Item 3 Defaults Upon Senior Securities                                   10

  Item 4 Submission of Matters to a Vote of Security Holders               10

  Item 5 Other Information                                                 10

  Item 6 Exhibits and Reports on Form 8-K                                  10


Signatures                                                                 10

                                       2

<PAGE>

S. W. HATFIELD, CPA
certified public accountants

Member:  American Institute of Certified Public Accountants
               SEC Practice Section
               Information Technology Section
           Texas Society of Certified Public Accountants

Item 1 - Part 1 - Financial Statements


                           Accountant's Review Report
                           --------------------------


Board of Directors and Shareholders
ElPlata Corporation

We have  reviewed the  accompanying  balance  sheets of ElPlata  Corporation  (a
Florida   corporation)   as  of  February   28,  2001  and  February  29,  2000,
respectively,  and the accompanying  statements of operations and  comprehensive
income for the six and three  months  ended  February  28, 2001 and February 29,
2000,  respectively,  and the accompanying  statements of cash flows for the six
months  ended  February 28, 2001 and  February  29,  2000,  respectively.  These
financial  statements are prepared in accordance with the  instructions for Form
10-QSB, as issued by the U. S. Securities and Exchange  Commission,  and are the
sole responsibility of the Company's management.

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

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

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note A to the
financial statements, the Company had no viable operations or significant assets
since 1990 and  continues  to be  dependent  upon  significant  shareholders  to
provide  sufficient  working  capital to maintain the integrity of the corporate
entity. These circumstances create substantial doubt about the Company's ability
to  continue  as a going  concern  and are  discussed  in Note A. The  financial
statements do not contain any adjustments  that might result from the outcome of
these uncertainties.



                                                        S. W. HATFIELD, CPA
Dallas, Texas
April 12, 2001



                      Use our past to assist your future sm

(secure mailing address)                   (overnight delivery/shipping address)
P. O. Box 820395                               9002 Green Oaks Circle, 2nd Floor
Dallas, Texas  75382-0395                               Dallas, Texas 75243-7212
214-342-9635 (voice)                                          (fax) 214-342-9601
800-244-0639                                                      SWHCPA@aol.com

                                       3

<PAGE>
<TABLE>
<CAPTION>


                               ElPlata Corporation
                      (formerly ElPlata Mining Corporation)
                                 Balance Sheets
                     February28, 2001 and February 29, 2000

                                   (Unaudited)

                                                           February 28, February 29,
                                                              2001         2000
                                                             --------     --------
<S>                                                          <C>          <C>
                                     ASSETS
                                     ------

Current assets
   Cash on hand and in bank                                  $  6,629     $  7,233
                                                             --------     --------

   Total Assets                                              $  6,629     $  7,233
                                                             ========     ========



                      LIABILITIES AND SHAREHOLDERS' EQUITY
                      ------------------------------------

Liabilities
   Current liabilities
     Accounts payable - trade                                $   --       $    275
                                                             --------     --------

   Total Liabilities                                             --            275
                                                             --------     --------


Commitments and contingencies


Shareholders' equity (deficit)
   Common stock - $0.001 par value
     100,000,000 shares authorized
     5,000,000 shares issued and outstanding                    5,000        5,000
   Additional paid-in capital                                  56,145       56,145
   Accumulated deficit                                        (54,516)     (54,187)
                                                             --------     --------

   Total Shareholders' Equity (Deficit)                         6,629        6,958
                                                             --------     --------

   Total Liabilities and Shareholders' Equity                $  6,629     $  7,233
                                                             ========     ========
</TABLE>


The  financial  information  presented  herein has been  prepared by  management
without audit by independent  certified  public  accountants.  See  Accountant's
Review Report.  The  accompanying  notes are an integral part of these financial
statements.

                                       4

<PAGE>
<TABLE>
<CAPTION>




                               ElPlata Corporation
                      (formerly ElPlata Mining Corporation)
                   Statements of Operations and Comprehensive
    Income Six and Three months ended February 28, 2001 and February 29, 2000


                                                   (Unaudited)

                                            Six months     Six months    Three months  Three months
                                              ended          ended          ended         ended
                                           February 28,   February 29,   February 28,  February 29,
                                               2001           2000           2001          2000
                                           -----------    -----------    -----------   -----------
<S>                                        <C>            <C>            <C>           <C>

Revenues                                   $      --      $      --      $      --     $      --
                                           -----------    -----------    -----------   -----------

Expenses
   General and administrative expenses              54          1,953           --             159
                                           -----------    -----------    -----------   -----------

     Total operating expenses                       54          1,953           --             159
                                           -----------    -----------    -----------   -----------

Loss from Operations                               (54)        (1,953)          --            (159)

Other income
   Interest income                                 112             87             50            59
                                           -----------    -----------    -----------   -----------

Income (Loss) before
   provision for income taxes                       58         (1,866)            50          (100)

Provision for Income Taxes                        --             --             --            --
                                           -----------    -----------    -----------   -----------

Net Income (Loss)                                   58         (1,866)            50          (100)

Other Comprehensive Income                        --             --             --            --
                                           -----------    -----------    -----------   -----------

Comprehensive Income (Loss)                $        58    $    (1,866)   $        50   $      (100)
                                           ===========    ===========    ===========   ===========


Earnings (Loss) per share of common
   stock outstanding computed on net
   income - basic and fully diluted                nil            nil            nil           nil
                                           ===========    ===========    ===========   ===========

Weighted-average number of shares
   outstanding - basic and fully diluted     5,000,000      4,384,615      5,000,000     5,000,000
                                           ===========    ===========    ===========   ===========
</TABLE>


The  financial  information  presented  herein has been  prepared by  management
without audit by independent  certified  public  accountants.  See  Accountant's
Review Report.  The  accompanying  notes are an integral part of these financial
statements.

                                       5

<PAGE>
<TABLE>
<CAPTION>


                               ElPlata Corporation
                      (formerly ElPlata Mining Corporation)
                            Statements of Cash Flows
            Six months ended February 28, 2001 and February 29, 2000


                                   (Unaudited)

                                                          Six months     Six months
                                                             ended          ended
                                                          February 28,   February 29,
                                                             2001           2000
                                                            --------       --------
<S>                                                         <C>            <C>
Cash Flows from Operating Activities
   Net income (loss) for the period                         $     58       $ (1,866)
   Adjustments to reconcile net loss
     to net cash provided by operating activities
       Contributed capital to support operations               1,145
       Increase (Decrease) in
         Accounts payable - trade                               (788)        (2,046)
                                                            --------       --------

Net cash used in operating activities                           (730)        (2,767)
                                                            --------       --------


Cash Flows from Investing Activities                            --             --
                                                            --------       --------


Cash Flows from Financing Activities
   Proceeds from private placement
     of common stock                                            --           10,000
                                                            --------       --------

Net cash provided by financing activities                       --           10,000
                                                            --------       --------

Increase (Decrease) in Cash                                     (730)         7,233

Cash at beginning of period                                    7,359           --
                                                            --------       --------

Cash at end of period                                       $  6,629       $  7,233
                                                            ========       ========


Supplemental Disclosure of Interest and Income Taxes Paid
     Interest paid for the year                             $   --         $   --
                                                            ========       ========
     Income taxes paid for the year                         $   --         $   --
                                                            ========       ========
</TABLE>


The  financial  information  presented  herein has been  prepared by  management
without audit by independent  certified  public  accountants.  See  Accountant's
Review Report.  The  accompanying  notes are an integral part of these financial
statements.

                                       6

<PAGE>

                               ElPlata Corporation
                      (formerly ElPlata Mining Corporation)

                          Notes to Financial Statements


Note A - Organization and Description of Business

ElPlata  Mining  Corporation  (Company) was  incorporated  under the laws of the
State of Nevada on February 23, 1973 and restated its Articles of  Incorporation
on September 30, 1999. The September 30, 1999 restatement  changed the Company's
authorized  number of shares  from  20,000,000  to  100,000,000  and changed the
stated par value per share from $0.05 per share to $0.001 per share.

The Company's initial activities were to have quiet and exclusive  possession of
the unpatented  lode mining claims on certain  property  located in Elko County,
Nevada, together with a right to examine,  sample, drill, develop, mine, extort,
process and market from the claims all of the metal ores, minerals and materials
of  whatsoever   nature  or  sort,  except  oil  and  gas.  These  efforts  were
unsuccessful  and were  abandoned  prior to August 31,  1989,  at which time the
Company became dormant.

The Company has had no operations,  assets or liabilities  since its fiscal year
ended August 31, 1990.  Accordingly,  the Company is dependent  upon  management
and/or  significant  shareholders  to  provide  sufficient  working  capital  to
preserve the integrity of the corporate entity at this time. It is the intent of
management and significant  shareholders to provide  sufficient  working capital
necessary to support and preserve the integrity of the corporate entity.

During interim periods, the Company follows the accounting policies set forth in
its annual  audited  financial  statements  filed with the U. S.  Securities and
Exchange  Commission  on its  Annual  Report on Form  10-KSB  for the year ended
August 31,  2000.  The  information  presented  within these  interim  financial
statements  may not  include all  disclosures  required  by  generally  accepted
accounting  principles  and the  users of  financial  information  provided  for
interim periods should refer to the annual  financial  information and footnotes
when reviewing the interim financial results presented herein.

In the opinion of management,  the accompanying  interim  financial  statements,
prepared in  accordance  with the U. S.  Securities  and  Exchange  Commission's
instructions   for  Form  10-QSB,   are   unaudited  and  contain  all  material
adjustments,  consisting  only of  normal  recurring  adjustments  necessary  to
present fairly the financial condition,  results of operations and cash flows of
the Company for the respective  interim  periods  presented.  The current period
results of operations are not necessarily indicative of results which ultimately
will be reported for the full fiscal year ending August 31, 2001.

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 and
the  reported  amounts of revenues  and expenses  during the  reporting  period.
Actual results could differ from those estimates.


Note B - Summary of Significant Accounting Policies

1. Cash and cash equivalents
   -------------------------

     For  Statement of Cash Flows  purposes,  the Company  considers all cash on
     hand  and  in  banks,  including  accounts  in  book  overdraft  positions,
     certificates of deposit and other highly-liquid investments with maturities
     of three months or less, when purchased, to be cash and cash equivalents.

                                       7

<PAGE>


                               ElPlata Corporation
                      (formerly ElPlata Mining Corporation)

                    Notes to Financial Statements - Continued


Note B - Summary of Significant Accounting Policies - Continued

2. Income Taxes
   ------------

     The Company uses the asset and liability  method of  accounting  for income
     taxes.  At February  28, 2001 and  February  29,  2000,  respectively,  the
     deferred tax asset and deferred tax  liability  accounts,  as recorded when
     material to the financial statements,  are entirely the result of temporary
     differences. Temporary differences represent differences in the recognition
     of  assets  and  liabilities  for tax  and  financial  reporting  purposes,
     primarily accumulated depreciation and amortization, allowance for doubtful
     accounts and vacation accruals.

     As of February 28, 2001 and February 29, 2000,  respectively,  the deferred
     tax asset related to the Company's net operating loss carryforward is fully
     reserved.  Due to the provisions of Internal  Revenue Code Section 338, the
     Company may have no net operating  loss  carryforwards  available to offset
     financial  statement or tax return  taxable  income in future  periods as a
     result of a change in control involving 50 percentage points or more of the
     issued and outstanding securities of the Company.

3. Income (Loss) per share
   -----------------------

     Basic  earnings  (loss) per share is computed  by  dividing  the net income
     (loss) by the weighted-average  number of shares of common stock and common
     stock  equivalents  (primarily  outstanding  options and warrants).  Common
     stock equivalents  represent the dilutive effect of the assumed exercise of
     the  outstanding  stock  options and  warrants,  using the  treasury  stock
     method.  The calculation of fully diluted earnings (loss) per share assumes
     the dilutive effect of the exercise of outstanding  options and warrants at
     either the  beginning  of the  respective  period  presented or the date of
     issuance,  whichever  is later.  As of February  28, 2001 and  February 29,
     2000, respectively,  the Company has no outstanding stock warrants, options
     or  convertible  securities  which  could be  considered  as  dilutive  for
     purposes of the loss per share calculation.


Note C - Common Stock Transactions

On September 29, 1999, the Company sold 4,000,000  shares of common stock to the
Company's  President  pursuant to an  exemption  from  registration  pursuant to
Section 4(2) of The Securities Act of 1933, as amended, for $10,000 cash.

                                       8

<PAGE>

Part I - Item 2

Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Operations

(1)  Caution Regarding Forward-Looking Information

This  quarterly   report  contains   certain   forward-looking   statements  and
information relating to the Company that are based on the beliefs of the Company
or management as well as assumptions made by and information currently available
to  the  Company  or  management.   When  used  in  this  document,   the  words
"anticipate,"   "believe,"   "estimate,"   "expect"  and  "intend"  and  similar
expressions,  as they relate to the Company or its  management,  are intended to
identify forward-looking statements. Such statements reflect the current view of
the  Company   regarding  future  events  and  are  subject  to  certain  risks,
uncertainties  and  assumptions,  including the risks and  uncertainties  noted.
Should  one or more of  these  risks or  uncertainties  materialize,  or  should
underlying assumptions prove incorrect,  actual results may vary materially from
those  described  herein  as  anticipated,   believed,  estimated,  expected  or
intended. In each instance,  forward-looking information should be considered in
light of the accompanying meaningful cautionary statements herein.


(2)  Plan of Operation, Results of Operations, Liquidity and Capital Resources

ElPlata Corporation (Company) intends to continue its plan of seeking a suitable
merger or acquisition  candidate.  In order to do so, it will require additional
capital to pay ongoing  expenses,  including  particularly  legal and accounting
fees incurred in conjunction  with  preparation  and filing of various  required
periodic reports to the U. S. Securities and Exchange Commission.

In  September  1999,  the Company sold  4,000,000  shares of common stock to the
Company's  President  pursuant to an  exemption  from  registration  pursuant to
Section 4(2) of The Securities Act of 1933, as amended,  for $10,000 cash. These
funds were used to pay various administrative  operating expenses of the Company
through the period ended November 2000.

The Company has engaged in no significant  operations other than  organizational
activities  and  preparation  for  registration  of  its  securities  under  the
Securities Exchange Act of 1934, as amended, since August 31, 1989.

For the six months ended February 28, 2001 and February 29, 2000,  respectively,
the Company  incurred net operating  losses as a result of expenses  principally
associated with registration and compliance with reporting obligations under The
Securities  Exchange Act of 1934, and other  administrative  expenses associated
with the maintenance of the Company's issued and outstanding stock records.  The
Company  anticipates  that until a business  combination  is  completed  with an
acquisition  candidate,  it will not  generate  revenues.  The  Company may also
continue to operate at a loss after completing a business combination, depending
upon the performance of the acquired business.

It  is  the  intent  of  management  and  significant  stockholders  to  provide
sufficient  working  capital to preserve the integrity of the corporate  entity,
however,  there are no commitments to provide additional funds have been made by
management  or other  stockholders,  and the  Company  has no plans,  proposals,
arrangements  or  understandings  with  respect  to  the  sale  or  issuance  of
additional  securities  prior  to  the  location  of  a  merger  or  acquisition
candidate. Accordingly, there can be no assurance that any additional funds will
be available to the Company to allow it to cover its  expenses.  Notwithstanding
the forgoing,  to the extent that  additional  funds are  required,  the Company
anticipates  receiving  such  funds in the  form of  advancements  from  current
shareholders  without  issuance of  additional  shares or other  securities,  or
through the private  placement of  restricted  securities  rather than through a
public offering.  The Company does not currently contemplate making a Regulation
S offering.

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

                                       9

<PAGE>

Year 2000 Compliance Issues

None of the Company's information systems or non-information  technology systems
were  affected  by the  passage  into the year  2000.  Nevertheless,  we have no
assurance that we will not experience  isolated  system  failures as a result of
customer or third party technical problems.


Part II - Other Information

Item 1 - Legal Proceedings

   None

Item 2 - Changes in Securities

   None

Item 3 - Defaults on 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 27 - Financial Data Schedule
     Reports on Form 8-K - None

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

                                   SIGNATURES

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

                                                        ElPlata Corporation


April    12   , 2001                   /s/ Glenn A. Little
      --------                       --------------------------------------
                                                            Glenn A. Little
                                        President, Chief Executive Officer,
                                      Director and Chief Accounting Officer

                                       10