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


                                   FORM 10-QSB


(Mark One)
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
    1934

                For the quarterly period ended September 30, 2000
                                               ------------------

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

For the transition period from _________________ to _________________

                        Commission file number 000-30769
                                               ---------


                        TONER SYSTEMS INTERNATIONAL, INC.
                        --------------------------------
        (Exact name of small business issuer as specified in its charter)


            Nevada                                           87-0419231
-------------------------------                --------------------------------
(State or other jurisdiction of                (IRS Employer Identification No.)
incorporation or organization)

                  4485 Abinadi Road, Salt Lake City, Utah 84107
                 ----------------------------------------------
                    (Address of principal executive offices)

                                 (801) 266-8093
                           --------------------------
                           (Issuer's telephone number)


--------------------------------------------------------------------------------
(Former  name,  former  address and former  fiscal year,  if changed  since last
report)

APPLICABLE ONLY TO CORPORATE ISSUERS

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

As of  September  30, 2000,  there were  10,048,762  shares of the  Registrant's
--------------------------------------------------------------------------------
Common Stock  outstanding.  No Preferred  Shares have been issued.
------------------------------------------------------------------

Transitional Small Business Disclosure Format (Check one): Yes [ ] No [x]


<PAGE>

Part I

Item I
                              FINANCIAL STATEMENTS


The   accompanying   balance  sheets  of  Toner  Systems   International,   Inc.
(development stage company) at September 30, 2000 and December 31, 1999, and the
related  statements  of  operations  and cash  flows for the nine  months  ended
September 30, 2000 and the years ended December 31, 1999 and 1998 and the period
August 25, 1980 (date of inception) to September 30, 2000,  and the statement of
stockholder'  equity for the period August 25, 1980 to September 30, 2000,  have
been  prepared  by  the  Company's  management  and  they  do  not  include  all
information  and notes to the  financial  statements  necessary  for a  complete
presentation of the financial position, results of operations, and cash flows in
conformity  with generally  accepted  accounting  principles.  In the opinion of
management,  all adjustments considered necessary for a fair presentation of the
results of  operations  and  financial  position have been included and all such
adjustments are of a normal recurring nature.

Operating  results  for the  nine  months  ended  September  30,  2000,  are not
necessarily  indicative  of the results that can be expected for the year ending
December 31, 2000.

<PAGE>





                        TONER SYSTEMS INTERNATIONAL, INC.
                           (Development Stage Company)
                                 BALANCE SHEETS
                    September 30, 2000 and December 31, 1999

                                                           Sept 30,    Dec 31,
                                                             2000       1999
                                                          ---------  ---------

ASSETS

CURRENT ASSETS

    Cash                                                  $     -    $     -
                                                          ---------  ---------

          Total Current Assets                            $     -    $     -
                                                          =========  =========
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

   Accounts payable                                       $   2,560  $   2,560
                                                          ---------  ---------

          Total Current Liabilities                           2,560      2,560
                                                          ---------  ---------

STOCKHOLDERS' EQUITY

    Preferred stock
       10,000,000 shares authorized at $0.001 par value:        -          -
       none outstanding
    Common stock
       50,000,000 shares authorized at $0.001 par value;
       10,048,762 shares issued and outstanding              10,049     10,049

    Capital in excess of par value                          425,872    425,872
    Deficit accumulated during the development stage       (438,481)  (438,481)
                                                          ---------  ---------

          Total Stockholders' Deficiency                     (2,560)    (2,560)
                                                          ---------  ---------


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

<PAGE>

<TABLE>
<CAPTION>

                        TONER SYSTEMS INTERNATIONAL, INC.
                           (Development Stage Company)
                            STATEMENTS OF OPERATIONS
 For the Nine Months Ended September 30, 2000 and the Years Ended December 31, 1999,
  and 1998 and the period August 25, 1980 (Date of Inception) to September 30, 2000

                                                                                     Aug 25, 1980
                                   Sept 30,           Dec 31,         Dec 31,     (Date ofinception)
                                     2000              1999            1998        to Sept 30, 2000
                                -------------     -------------    -------------  ------------------
<S>                             <C>               <C>              <C>            <C>

REVENUES                        $         -       $         -      $        -     $        156,948

EXPENSES                                  -              10,355           14,000          (595,429)
                                -------------     -------------    -------------  ------------------

NET LOSS                        $         -       $     (10,355)   $     (14,000) $       (438,481)
                                =============     =============    =============  =================


NET LOSS PER COMMON SHARE

          Basic                 $         -       $        (.21)   $        (.30)
                                -------------     -------------    -------------


Average Outstanding Shares

            Basic                  10,048,762            48,762           47,012
                                -------------     -------------    -------------


</TABLE>

<PAGE>
<TABLE>
<CAPTION>


                                               TONER SYSTEMS INTERNATIONAL, INC.
                                                 (Development Stage Company)
                                        STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                              Period August 25, 1980 (Date of Inception) to September 30, 2000

                                                             Common Stock                     Capital in
                                                             ------------                      Excess of         Accumulated
                                                       Shares               Amount             Par Value          Deficit
                                                     ---------            ---------           -----------      ------------
<S>                                                  <C>                 <C>                 <C>             <C>

Balance August 25, 1980 (Date of Inception)               -               $      -            $      -         $         -

Issuance of common stock for cash, less costs
    at $ 33.33 -1980 - 1981                              1,912                   2                63,748

Net income for the period ended December 31, 1982          -                     -                   -               13,591

Issuance of common stock for all stock of
    Cherry Creek Gold Corporation at
    $30.90-August 18, 1983                              10,550                  11               325,590                 -

Net income for the year ended December 31, 1983            -                     -                   -                2,764

Net loss for the year ended December 31, 1984              -                     -                   -             (101,655)

Issuance of common stock for expenses and
    Services at $1.00-January 24, 1985                   1,400                    1                1,399                 -

Net loss for the year ended December 31,1985                -                    -                   -              (64,383)

Net loss for the year ended December 31, 1986               -                    -                   -             (251,126)

Issuance of common stock for expenses
    and services at $ 1.00 - November 7, 1988               35                   -                    35                 -

Net income for the year ended December 31, 1988             -                    -                   -               10,023

Issuance of common stock for expenses and
    services at $1.00-November30, 1994                  15,800                  16                15,784                 -

Net loss for the year ended December 31, 1994               -                    -                     -            (15,800)

Issuance of common stock for services
    at $1.00-March 21, 1995                              5,000                   5                 4,995                 -

Net loss for the year ended December 31, 1995               -                    -                     -             (7,560)

Issuance of shares resulting from reverse split             65                   -                     -                 -

Issuance of common stock for services
    At $1.00-February 18, 1998                          14,000                  14                13,986                 -

Net loss for the year ended December 31, 1998                -                   -                     -            (14,000)

Issuance of common stock for expenses and
   services at $.001 - December 31, 1999            10,000,000              10,000                     -                  -

Contributions to capital - expenses -1999                    -                   -                   335                  -
Net loss for the year ended December 31, 1999                -                   -                     -            (10,335)
                                                     ---------             -------             ---------           ----------
Balance December 31, 1999                           10,048,762              10,049               425,872           (438,481)
Net loss for the nine months ended Sept 30, 2000             -                   -                     -                  -

Balance September 30, 2000                          10,048,762            $ 10,049             $ 425,872          $(438,481)
                                                    ==========            ========             =========          =========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                                              TONER SYSTEMS INTERNATIONAL, INC.
                                                 (Development Stage Company)
                                                  STATEMENT OF CASH FLOWS
                                    For the Nine Months Ended September 30, 2000 and the
                                      Years Ended December 31, 1999, and 1998, and the
                              Period August 25, 1980 (Date of Inception) to September 30, 2000


                                                                                                    August 25,1980
                                                                                                  (Date of Inception)
                                                        2000          1999          1998           to Sept 30, 2000
                                                     ---------      --------      --------         ----------------
<S>                                                  <C>           <C>          <C>                <C>

CASH FLOWS FROM OPERATING
    ACTIVITIES
   Net loss                                          $    -        $  (10,335)   $  (14,000)       $       (438,481)
   Adjustments to reconcile net loss to
     net cash provided by operating
       activities

         Capital contributions and stock issued
            for expenses and services                                  10,335        14,000                  46,570
          Changes in accounts payable                     -                -              -                   2,560
          Loss of assets                                  -                -              -                 325,601
                                                     ---------     ----------   -----------        ----------------


          Net Cash Used by Operations                     -                -              -                 (63,750)
                                                     ---------     ----------   -----------        ----------------
CASH FLOWS FROM INVESTING
    ACTIVITIES                                            -                -              -                     -
                                                     ---------     ----------   -----------        ----------------

CASH FLOWS FROM FINANCING
    ACTIVITIES

    Proceeds from issuance of common
       stock                                              -               -               -                  63,750
                                                     ---------     ----------   -----------        ----------------

    Net Increase (Decrease) in Cash                        -              -               -                     -

    Cash Beginning of Period                               -              -               -                     -
                                                     ---------     ----------   -----------        ----------------

    Cash End of Period                               $     -       $      -     $         -        $            -
                                                     ---------     ----------   -----------        ----------------


SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES

Issuance of 10,550 common shares for merger -1983                                             $325,601
                                                                                              --------
Issuance of 1,400 common shares for expenses -1985                                               1,400
                                                                                                 -----
Issuance of 35 common shares for expenses -1988                                                     35
                                                                                                    --
Issuance of 15,800 common shares for expenses - 1994                                            15,800
                                                                                                ------
Issuance of 5,000 common shares for expenses -1995                                               5,000
                                                                                                 -----
Issuance of 14,000 common shares for expenses -1998                                             14,000
                                                                                                ------
Issuance of 10,000,000 common shares for expenses -1999                                         10,000
                                                                                                ------
Contributions to capital - expenses -1999                                                          335
                                                                                                   ---
</TABLE>

The accompanying notes are an integral part of these financial statements.
<PAGE>
                        TONER SYSTEMS INTERNATIONAL, INC.
                           (Development Stage Company)
                          Notes to Financial Statements

1.   ORGANIZATION

The company was  incorporated  under the laws of the State of Utah on August 25,
1980 with authorized  capital stock of 5,000,000 shares at $0.001 par value with
the name of  "Business  Ventures  Corporation".  The  Company's  name was  later
changed to Cherry  Creek Gold  Corporation  in  connection  with a merger with a
company of the same name on August 18,  1983.  As part of the merger the Company
increased the  authorized  common stock to  50,000,000  shares with the same par
value.  On  December  30, 1994 the  Company  changed  its name to Toner  Systems
International, Inc. and on February 9, 1998 changed its domicile to the State of
Nevada.

On March 2, 1998 the Company  completed  a reverse  stock split of one share for
1,000 shares of common stock outstanding.  This report has been prepared showing
after stock split shares from inception.

On March 29, 2000 the Company  filed  amended  articles  authorizing  10,000,000
shares of preferred stock at a par value of $.001.

Since its  inception the Company has been engaged in the  development  of mining
properties  and  became  inactive  after  1988.  The  Company  has  been  in the
development stage since inception.
<PAGE>

2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Methods
------------------

The  Company  recognizes  income and  expenses  based on the  accrual  method of
accounting.

Dividend Policy
---------------

The Company has not yet adopted a policy regarding payment of dividends.

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

On  September  30, 2000 the Company had a net  operating  loss carry  forward of
$438,481. The tax benefit from the loss carry forward has been fully offset by a
valuation  reserve  because the use of the future tax benefit is doubtful  since
the Company has no operations.  The net operating  loss will expire  starting in
1998 through 2022.

Basic and Diluted Net Income (Loss)Per Share
--------------------------------------------

Basic net income  (loss) per share  amounts are  computed  based on the weighted
average  number of shares  actually  outstanding.  Diluted net income (loss) per
share amounts are computed  using the weighted  average  number of common shares
and common  equivalent  shares  outstanding  as if shares had been issued on the
exercise of the preferred share rights unless the exercise becomes  antidilutive
and then only the basic per share amounts are shown in the report.


Financial Instruments
---------------------

The carrying amounts of financial instruments are considered by management to be
their estimated fair values.

Comprehensive Income
--------------------

The Company  adopted  Statement of Financial  Accounting  Standards No. 130. The
adoption of this standard had no impact on the total stockholder's equity.

Recent Accounting Pronouncements
--------------------------------

The  Company  does not  expect  that the  adoption  of other  recent  accounting
pronouncements will have a material impact on its financial statements.

Estimates and Assumptions
-------------------------

Management uses estimates and assumptions in preparing  financial  statements in
accordance with generally accepted  accounting  principles.  Those estimates and
assumptions  affect the  reported  amounts of the  assets and  liabilities,  the
disclosure of contingent  assets and liabilities,  and the reported revenues and
expenses.  Actual  results  could vary from the  estimates  that were assumed in
preparing these financial statements.

3.   RELATED PARTY TRANSACTIONS

Related parties have acquired 99.7 % of the outstanding common stock.

4.   GOING CONCERN

Continuation  of the  Company as a going  concern is  dependent  upon  obtaining
additional  working  capital and the  management  of the Company has developed a
strategy,  which it believes will accomplish this objective  through  additional
equity,  and long term  financing  which  will  enable the  Company to  continue
operations into the coming year.

There can be no assurance that management will be successful in this effort.
<PAGE>
Item II. Management's discussion and analysis of financial condition and results
of operations.

The  Company  is  currently   seeking   potential   business   acquisitions   or
opportunities to enter into, in an effort to commence business  operations.  The
Company  does not propose to restrict its search for a business  opportunity  to
any  particular  industry or  geographical  area and may,  therefore,  engage in
essentially any business in any industry.

The Company has no significant operating costs or capital obligations.

SIGNATURES

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

TONER  SYSTEMS  INTERNATIONAL,  INC.

                                                              /s/
                                                     ---------------------------
Date:  November 3, 2000                              By Gerald Walton
                                                        Secretary & Director

                                                              /s/
                                                     ---------------------------
                                                     By Laura Olson
                                                        President