UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C., 20549
                                  FORM 10-Q SB

(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES  EXCHANGE
ACT OF 1934

                   For the quarter report ended March 31, 2001
                                       or

( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

                  For the transition period from to ___________

                        Commission File number 000-31735

                          PRO GLASS TECHNOLOGIES, INC.
   (Exact name of small business issuer as registrant as specified in charter)

         Nevada                                    88-0231200
(State or other jurisdiction of                (I.R.S. Employer
incorporation or organization)                Identification No.)

                 300-369 Queens Way Ave.,. Kelowna, B.C. V1Y8E64
                     (Address of principal executive office)

          Registrants telephone no., including area code (250) 762-8082


     Check 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
preceding 12 months (or for such shorter period that the registrant was required
to file such  reports),  Yes [ ] No [X] and (2) has been  subject to such filing
requirements for the past 90 days. Yes [ ] No [X]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

     Indicate the number of shares outstanding of each of the issuers classes of
common stock, as of the last practicable date.

     Class                              Outstanding as of  March 31, 2001
Common Stock, $0.001                            22,692,449

                                        i





                                TABLE OF CONTENTS
                          PART 1. FINANCIAL INFORMATION

Heading                                                                  Page

Item 1.                    Consolidated Financial Statements              1-2

                           Consolidated Balance Sheets March 31, 2001
                              And September 30, 2000                      3-4

                           Consolidated Statements of Operations  six months
                              Ended March 31, 2001 and September 30, 2000 5

                           Consolidated Statement of Stockholders Equity  6-7

                           Consolidated Statements of Cash Flows six months
                                Ended March 31, 2001and March 31, 2000    8

                           Notes to Consolidated Financial Statements     9-15

Item 2.                    Managements Discussion and Analysis and
                              Result of  Operations                       16




                           PART II. OTHER INFORMATION

Item 1.                    Legal Proceedings                              16-17

Item 2.                    Changes in Security                            17

Item 3.                    Defaults Upon Senior Securities                17

Item 4.                    Submission of Matter to a Vote of              17
                               Securities Holders

Item 5.                    Other Information                              17

Item 6.                    Exhibits and Reports on Form 8-K               17

                           Signatures                                     S-1






                                       ii



                          PART 1 FINANCIAL INFORMATION

                           Item 1. Financial Statement


     The  accompanying  unaudited  financial  statements  have been  prepared in
accordance  with the  instructions  for Form  10-Q  pursuant  to the  rules  and
regulations of the Securities and Exchange  Commission  and,  therefore,  do not
include all information and footnotes  necessary for a complete  presentation of
the financial  position,  results of operations,  cash flows,  and  stockholders
equity 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.

     The unaudited  balance  sheet of the Company as of March 31, 2001,  and the
related  audited  balance  sheet of the Company as of September  30,  2000,  the
unaudited  statement of operations and cash flows for the six months ended March
31, 2001 and the audited  statements of stockholders  equity for the period from
September  1, 1998 through  September  30, 2000 and the  unaudited  stockholders
equity for the period October 1, 2000 through March 31, 2001 are attached hereto
and incorporated herein by this reference.

     Operating  results for the quarter ended March 31, 2001 are not necessarily
indicative of the results that can be expected for the year ending September 30,
2001.


                                        1






                          Pro Glass Technologies, Inc.
                 (Formerly Pro Glass Technologies, Inc. Canada)
                          Notes to Financial Statements
                     For the Six Months Ended March 31, 2001





                       350 E Street, Chula Vista, CA 91910
                     Tel: (619) 422-1348 Fax: (619) 422-1465
                                ARMANDO C. IBARRA
                          CERTIFIED PUBLIC ACCOUNTANTS
                          ( A Professional Corporation)


Armando C. Ibarra,
C.P.A.
Members of the California Society of
Armando Ibarra, Jr.,
C.P.A.
Certified Public Accountants


To the Board of Directors of
Pro Glass Technologies, Inc.
(Formerly Pro Glass Technologies, Inc. Canada)
Bay 8, 3927 Edmonton Tr. N.E.
Calgary, Alberta T2E 6T1


                         INDEPENDENT ACCOUNTANTS REPORT


We have reviewed the accompanying balance sheets of Pro Glass Technologies, Inc.
(Formerly  Pro  Glass  Technologies,  Inc.  Canada)  as of  March  31,  2001 and
September  30, 2000,  and the related  statements of  operations,  stockholders
equity,  and cash flows for the three and six months  ended  March 31,  2001 and
2000, in accordance with Statements on Standards for Accounting  Review Services
issued  by  the  American  Institute  of  Certified  Public   Accountants.   All
information  included in these financial statements is the representation of the
management of Pro Glass Technologies, Inc.

A review consists  principally of inquiries of company  personnel and analytical
procedures  applied to financial data. It is substantially less in scope than an
audit in accordance with generally accepted auditing standards, the objective of
which is the expression of 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  modifications  that should be made
to the accompanying  financial  statements in order for them to be in conformity
with generally accepted accounting principles.

Our review was made for the purpose of expressing  limited  assurance that there
are no material modifications that should be made to the financial statements in
order  for  them  to  be  in  conformity  with  generally  accepted   accounting
principles.  The information  included in the accompanying  schedules of general
and  administrative  expenses  is  presented  only  for  supplementary  analysis
purposes.  Such  information  has been  subjected to the inquiry and  analytical
procedures applied in the review of the basic financial  statements,  and we are
not aware of any material modifications that should be made to it.


 ____________________________
Armando C. Ibarra, CPA
May 10, 2001


                      Pro Glass Technologies, Inc.
             (Formerly Pro Glass Technologies, Inc. Canada)
                             Balance Sheets
                                       ASSETS
                                                      Six Months
                                                        Ended        Year Ended
                                                      March 31,    September 30,
                                                        2001             2000
         Current Assets :
      Cash                                              $    259        $154,423
      Accounts receivable                                 38,646          64,815
      Other receivable                                     1,002           1,049
      Due from Cal Alta                                  138,840
      Inventory                                           11,975           2,667
      Earned discounts receivable                         38,217          23,733
      Prepaid expenses                                     5,827           6,719
      Income tax benefit                                  78,881          52,770

Total Current Assets                                     313,647
 Net Property & Equipment                                 16,864          14,547
Other Assets:
      Investment in securities                           150,000
      Net intangible assets                              133,552
Total Other Assets                                       283,552
   TOTAL ASSETS                                         $614,063        $754,204








                            Pro Glass Technologies, Inc.
                   (Formerly Pro Glass Technologies, Inc. Canada)
                                   Balance Sheets
                         LIABILITIES & STOCKHOLDERS' EQUITY
                                                        Six Months
                                                          Ended       Year Ended
                                                        March 31,  September 30,
                                                           2001          2000
Current Liabilities:
      Accounts payable                                     58,894        53,422
      GST collected                                             0         4,242
      Notes payable                                        15,291        18,621
      Salary payable                                            0        40,000

Total Current Liabilities                                  74,185       116,285
Stockholders' Equity:
       Common stock, ($0.001 par value,
       50,000,000 shares
       authorized; 22,692,449 shares
       issued and outstanding as of
       March 31, 2001 and September
       30, 2000, respectively)                             22,692        22,692
       Additional paid-in capital                         802,185       802,185
       Retained earnings                                 (287,582)     (188,501)
       Foreign currency translation adjustment              2,583         1,543
Total Stockholders' Equity
                                                          539,878       637,919

   TOTAL LIABILITIES
                 & STOCKHOLDERS' EQUITY                   614,063       754,204





               Pro Glass Technologies, Inc.
      (Formerly Pro Glass Technologies, Inc. Canada)
                 Statements of Operations
                                                  Six Months        Six Months
                                                    Ended             Ended
                                                  March 31,         March 31,
                                                      2001              2000
 Revenues:
   Sales                                        $    258,464       $    263,786
 Total Revenues                                      258,464            263,786
 Cost of Sales:
   Glass & molding                                   104,851            111,474
   Glass supplies                                      5,248              3,981
   Sub. contractors                                   20,151              7,450
   Depreciation & amortization                        12,038              1,752
 Total Cost of Sales                                 142,288            124,657
 GROSS PROFIT                                        116,176            139,129
 Administrative Expenses                             241,345            211,400
OPERATING LOSS                                      (125,169)           (72,271)
 Other Income (Expenses):
   Other income                                           16              2,414
   Interest expense                                      (39)                 0
 Total Other Income (Expenses)                           (23)             2,414
 NET LOSS BEFORE INCOME TAXES                   $   (125,192)      $    (69,857)
 INCOME TAX - BENEFIT                                 26,111             10,478
 NET LOSS AFTER INCOME TAXES                    $    (99,081)      $    (59,379)
 BASIC LOSS PER SHARE                           $      0.000       $      0.000
 WEIGHTED AVERAGE NUMBER OF
       COMMON SHARES OUTSTANDING                  22,692,449         18,655,817


                                                    Three Months    Three Months
                                                      Ended           Ended
                                                    March 31,        March 31,
                                                     2001             2000
 Revenues:
   Sales                                        $     98,580       $    115,394
 Total Revenues                                       98,580            115,394
 Cost of Sales:
   Glass & molding                                    45,914             54,097
   Glass supplies                                      3,094                  0
   Sub. contractors                                   10,553              7,450
   Depreciation & amortization                         6,275                876
 Total Cost of Sales                                  65,836             62,423
 GROSS PROFIT                                         32,744             52,971
 Administrative Expenses                             143,631             79,133
OPERATING LOSS                                      (110,887)           (26,162)
 Other Income (Expenses):
   Other income                                            0                  0
   Interest expense                                      (39)                 0
 Total Other Income (Expenses)                           (39)                 0
 NET LOSS BEFORE INCOME TAXES                   $   (110,926)      $    (26,162)
 INCOME TAX - BENEFIT                                 23,971              3,924
 NET LOSS AFTER INCOME TAXES                    $    (86,955)      $    (22,238)
 BASIC LOSS PER SHARE                           $      0.000       $      0.000
 WEIGHTED AVERAGE NUMBER OF
       COMMON SHARES OUTSTANDING                  22,692,449         22,272,587






                          Pro Glass Technologies, Inc.
                 (Formerly Pro Glass Technologies, Inc. Canada)
                        Statement of Stockholders' Equity
                                             Common         Common    Additional
                                             Shares          Stock    Paid-in
                                                            Amount     Capital
   Common shares issued September 1, 1998
   for cash @ $.167 per share                   564,000   $      564   $ 93,350

   Operating loss September 30, 1998                  -            -          -

Balance, September 30, 1998                     564,000          564     93,349
   Common shares issued October 1, 1998
   to F. Aiello @ $ .02 a share              15,000,000       15,000    256,605

   Common shares issued March 31, 1999
   for cash @ $ .068 a share                  1,010,000        1,010     67,670

Common shares issued July 31, 1999
   for cash @ $ .068 a share                  1,140,000        1,140     76,380

Contributed capital for services (note 8)             -            -     40,000

   Foreign currency translation adjustment            -            -          -

   Operating loss September 30, 1999                  -            -          -

   Balance, September 30, 1999               17,714,000   $   17,714   $534,004

   Recapitalization (note 1)                  3,000,000        3,000     (2,919)

   Common shares issued December 7, 1999
   for services rendered @ $ .10 a share      1,247,049        1,247    122,459

   Common shares issued January 11, 2000
   for services rendered @ $ .11 a share       3560,000          350     36,830

   Common shares issued April 3, 2000
   for cash @ $ .27 a share                     250,000          250     67,250

   Common shares issued April 10, 2000
   for cash @ $ .34 a share                     121,400          121     41,171

   Common shares issued June 14, 2000
   for cash @ $ .34 a share                      10,000           10      3,390

   Foreign currency translation adjustment            -            -          -

   Operating loss September 30, 2000                  -            -          -

   Balance, September 30, 2000               22,692,449   $   22,692   $802,185






                                             Retained      Total
                                             Earnings


   Common shares issued September 1, 1998
   for cash @ $.167 per share                   $    -    $  93,914

   Operating loss September 30, 1998           (61,769)     (61,769)

Balance, September 30, 1998                    (61,769)      32,144
   Common shares issued October 1, 1998
   to F. Aiello @ $ .02 a share                      -      271,605

   Common shares issued March 31, 1999
   for cash @ $ .068 a share                         -       68,680

Common shares issued July 31, 1999
   for cash @ $ .068 a share                         -       77,520

Contributed capital for services (note 8)            -       40,000

   Foreign currency translation adjustment           -         (352)

   Operating loss September 30, 1999           (25,502)     (25,502)

   Balance, September 30, 1999               $ (87,271)   $ 464,095

   Recapitalization (note 1)                         -           81

   Common shares issued December 7, 1999
   for services rendered @ $ .10 a share             -      123,706

   Common shares issued January 11, 2000
   for services rendered @ $ .11 a share             -       37,180

   Common shares issued April 3, 2000
   for cash @ $ .27 a share                          -       67,500

   Common shares issued April 10, 2000
   for cash @ $ .34 a share                          -       41,292

   Common shares issued June 14, 2000
   for cash @ $ .34 a share                          -        3,400

   Foreign currency translation adjustment           -        1,895

   Operating loss September 30, 2000          (101,230)    (101,230)

   Balance, September 30, 2000               $(188,501)   $ 637,919




         Pro Glass Technologies, Inc.
                (Formerly Pro Glass Technologies, Inc. Canada)
        Statement of Stockholders' Equity (continued)
                                            Common         Common     Additional
                                            hares          Stock      Paid-in
                                                            Amount     Capital
   Operating loss March 31, 2001                   -            -            -
Foreign currency translation adjustment            -            -            -

 Balance, March 31, 2001                  22,692,449   $   22,692   $  802,185



                                            Retained    Total
                                            Earnings

 Operating loss March 31, 2001              (99,081)     (99,081)

Foreign currency translation adjustment           -        1,040

 Balance, March 31, 2001                   $(287,582)   $ 539,878





               Pro Glass Technologies, Inc.
      (Formerly Pro Glass Technologies, Inc. Canada)
                 Statements of Cash Flows
                                            Six Months     Six Months
                                              Ended          Ended
                                              March 31,     March 31,
                                                2001           2000
      CASH FLOWS FROM OPERATING ACTIVITIES:
      Net loss                               $ (99,081)   $ (59,379)
      Depreciation &
      amortization expense                      12,038        1,752
     (Increase) / decrease in
      accounts receivable                       27,078      (47,227)
     (Increase) in inventory                    (9,614)      (2,759)
     (Increase) / decrease in
     prepaid expenses                              921       (2,712)
     (Increase) / decrease in
     other assets                                8,826     (198,076)
     (Increase) / decrease in
     notes receivable                           (7,612)      (2,185)
     (Increase) in provision
     for unearned discounts                    (14,960)     (38,138)
     (Increase) in investments                       0      (25,557)
     (Increase) in income tax benefit          (26,111)     (17,411)
      Increase / (decrease) in
      accounts payable                           5,652       69,404
     (Decrease) in notes payable               (49,137)           0
      Increase / (decrease) in
      taxes payable                                  0          285
     Net Cash provided (used) by operating    (152,000)    (322,003)
activities
CASH FLOWS FROM INVESTING ACTIVITIES:
     (Increase) in investments
      in securities                                  0     (150,000)
      Acquisition of
      property & equipment                      (4,587)     (16,462)
     Net cash (used) by
    investing activities                        (4,587)    (166,462)
CASH FLOWS FROM FINANCING ACTIVITIES:
     Common stock                                    0       19,311
     Paid-in capital                                 0      528,096
     Net cash provided by
     financing activities                            0      547,407
    Effect of exchange rate
    changes on cash                              2,423            0
    Net increase (decrease) in cash           (154,164)      58,942
    Cash at beginning of year                  154,423        1,630
    Cash at end of year                      $     259    $  60,572
SUPPLEMENTAL  CASH FLOW DISCLOSURES:
     Cash paid during year for interest      $      39    $       0

                                              Three Months   Three Months
                                                Ended         Ended
                                               March 31,      March 31,
                                                2001           2000



CASH FLOWS FROM OPERATING ACTIVITIES:
      Net loss                                 $(86,955)   $(22,238)
      Depreciation &
      amortization expense                        5,763         876
     (Increase) / decrease in
     accounts receivable                          6,409      (5,725)
     (Increase) in inventory                     (4,106)          0
     (Increase) / decrease in
      prepaid expenses                           (3,616)        230
     (Increase) / decrease in
      other assets                                8,826           0
     (Increase) / decrease in
     notes receivable                            43,814           0
     (Increase) in provision for
     unearned discounts                          (3,529)     (9,379)
     (Increase) in investments                        0           0
     (Increase) in income tax benefit           (24,760)     (3,924)
      Increase / (decrease) in
       accounts payable                          42,446
     (Decrease) in notes payable                 (5,520)          0
      Increase / (decrease) in
     taxes payable                                    0      (1,165)
     Net Cash provided (used) by operating      (71,765)      1,121
activities
CASH FLOWS FROM INVESTING ACTIVITIES:
     (Increase) in investments in securities          0           0
      Acquisition of property & equipment        (2,100)          0
     Net cash (used) by investing activities     (2,100)          0
CASH FLOWS FROM FINANCING ACTIVITIES:
     Common stock                                     0         350
     Paid-in capital                                  0      36,830
     Net cash provided by
     financing activities                             0      37,180
    Effect of exchange rate
     changes on cash                              2,394           0
    Net increase (decrease) in cash             (71,471)     38,301
    Cash at beginning of year                    71,730      22,271
    Cash at end of year                        $    259    $ 60,572
SUPPLEMENTAL  CASH FLOW DISCLOSURES:
     Cash paid during year for interest        $     39    $      0













NOTE  1.  OPERATIONS AND DESCRIPTION OF BUSINESS

Organization

Pro Glass Technologies, Inc. was incorporated in Canada on December 15, 1997. On
October  21,  1999  the  Company  entered  into a  recapitalization  with  Ragen
Corporation  (a  Nevada  Corporation).  Ragen  changed  its  name  to Pro  Glass
Technologies,  Inc., on October 25, 1999 and increased the authorized  shares to
50,000,000 of $.001 par value common stock.

On  October  21,  1999.  Ragen  Corporation  and Pro  Glass  Technologies,  Inc.
completed an Agreement and Plan of Merger whereby Ragen issued 17,714,000 shares
of its common stock in exchange for all of the  outstanding  common stock of Pro
Glass.  Immediately  prior  to the  Agreement  and  Plan of  Merger,  Ragen  had
3,000,000  shares of common stock issued and  outstanding.  The  acquisition was
accounted for as a recapitalization of Pro Glass because the shareholders of Pro
Glass controlled Ragen after the acquisition.  Therefore,  Pro Glass was treated
as the  acquiring  entity for  accounting  purposes and Ragen was the  surviving
entity for legal purposes.

The Company operates an auto glass repair and installation business.

NOTE  2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a.  Basis of Accounting

The Company policy is to use the accrual method of accounting and to prepare and
present financial  statements in accordance with generally  accepted  accounting
principles.

b.  Advertising Rights & Customer list

The Company has entered into an exclusivity contract with various companies. The
exclusivity  enables  Pro Glass to be the only auto  glass  company  to  deliver
advertisements  to patrons  homes.  Cal Alta  compiled  a  customer  list over a
10-year period in the auto glass  industry.  The customer list enables Pro Glass
to target customers based on historical data.

c.  Consolidation

The accompanying  financial  statements  include the accounts of the Company and
its subsidiaries.  Significant  intercompany accounts and transactions have been
eliminated in consolidation.

d.  Cash and Cash Equivalents

For the  purposes of the  statement  of cash flows,  the Company  considers  all
investments with a maturity of three months or less to be cash equivalents.


NOTE  2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

e.  Inventory

Inventory is stated at the lower of cost (first-in, first-out) or net realizable
value,  and consists of auto  windshields and related  materials.  The Companys
inventory is very consistent and not material.

f.  Use of Estimates

The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect  the  reported  amounts  of assets  and  liabilities  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. In accordance with FASB 16 all
adjustments are normal and recurring.

g.  Accounts Receivable-Trade

Accounts receivable-trade consists of the following at March 31, 2001:

                                                                           2000
Accounts receivable                                                      $38,646
Allowance for doubtful accounts
                                                                               0
Total                                                                    $38,646

Management  considers  accounts  receivable  as of  March  31,  2001 to be fully
collectible.

h.  Property and Equipment/Depreciation

Property  and  equipment  are  recorded at cost.  Minor  additions  renewals are
expensed in the year incurred.  Major additions and renewals are capitalized and
depreciated over their estimated useful lives.  Depreciation and amortization is
calculated using  straight-line and accelerated  methods for income tax purposes
(five years for vehicles and equipment, and seven years for office furniture).

i.  Revenue Recognition

The Company  recognizes  revenue from windshield repairs and replacements at the
date the customers job is completed.





NOTE  2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

j.  Earnings Per Share

Earnings  per share are  provided in  accordance  with  Statement  of  Financial
Accounting  Standards  No.128  (FAS No.  128)  Earnings  Per  Share.  Due to the
Companys  simple capital  structure,  with only common stock  outstanding,  only
basic earnings per share is presented.  Basic earnings per share are computed by
dividing  earnings  available to common  stockholders  by the  weighted  average
number of common shares outstanding.

k.  Leases

Rent expense for March 31, 2001 was $ 17,917.  The Company also leases a vehicle
under operating lease expiring  through July 2001. Lease expense for the vehicle
as of March 31,  2001 and 2000 was $ 6,641 and $ 2,401,  respectively.  At March
31, 2001,  minimum annual rental  commitments under the property  non-cancelable
lease were as follows:

                               Year Ending
                                  2001                $ 28,132
                                  2002                  28,132
                                  2003                  28,132
                                  2004                  28,132


l.  Income Taxes & Tax Reporting

Income taxes are provided in accordance  with Statement of Financial  accounting
Standards No. 109 (SFAS 109),  Accounting for Income Taxes. A deferred tax asset
or liability is recorded for all temporary differences between financial and tax
reporting and net operating loss carryforwards.

Deferred tax expense  (benefit)  results from the net change  during the year of
deferred tax assets and liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of
management,  it is more likely than not that some portion of all of the deferred
tax assets will be realized.  Deferred tax assets and  liabilities  are adjusted
for the effects of changes in tax laws and rates on the date of enactment.

Income tax  returns  are  reported  to Canada and United  States as  required by
regulated agencies.





NOTE  3.  INVESTMENT

This represents the Companys  acquisition of 150,0000 shares of $ 1.00 preferred
stock in Triad Industries,  Inc. in exchange for the FAA Enterprises,  Inc. note
receivable of $ 131,379.  The remaining balance of $ 18,261 is a note payable to
FAA  Enterprises,  Inc. The Triad  investment is recorded using the cost method.
The Company  shall  reduce the fair value of the  securities  if the decrease is
judged  to be other  than  temporary.  Thus,  the cost  basis of the  individual
security  shall be written down to fair value as a new cost basis and the amount
of the write down shall be included in  earnings.  Subsequent  increases  in the
fair value of  securities  shall be included as a separate  component of equity.
The  investments  in  securities  are  recorded in  accordance  with  Accounting
Principles Board Options No. 18 (APB No. 18).


NOTE  4.  INCOME TAX BENEFIT

                   1998         Net Income / (Loss)                     (75,692)
                                                              -----------------
                   1998         Tax benefit carry forward                13,923
                              -------------------------------------------------
                   1999         Income tax benefit                        4,501
             ------------------------------------------------------------------
                   1999         Tax benefit carry forward                18,424
                              -------------------------------------------------
                   2000         Income tax benefit                       34,346
                              -------------------------------------------------
                   2001         Income tax benefit 1st quarter            2,140
                              -------------------------------------------------
                   2001         Income tax benefit 2nd quarter           23,971
                                                              -----------------
                                                              -----------------
                   2001         Tax benefit carry forward              $ 78,881
             -------------------------------------------------=================

NOTE  5.  SCHEDULE OF NET OPERATING LOSSES

                  1998         Net Operating Loss                     $ (75,692)
                              -------------------------------------------------
                  1999         Net Operating Loss                       (30,004)
                              -------------------------------------------------
                  2000         Net Operating Loss                      (135,576)
                              -------------------------------------------------
                  2001         Net Operating Loss 1st quarter           (12,125)
                              -------------------------------------------------
                  2001         Net Operating Loss 2nd quarter           (86,955)
            ------------------------------------------------- -----------------
                                                              -----------------
                               Net Operating Loss                     $(340,352)
            ------------------------------------------------- =================

As of March 31,  2001,  the  Company has net  operating  loss  carryforwards  of
approximately $ 340,352 which will expire through 2019.

NOTE  6. RELATED PARTY TRANSACTIONS

At  March  31,  2001  the  Corporation  has  an  unsecured  note  payable  to an
officer/stockholder.  FAA  Enterprises,  Inc.  note  receivable  was received in
exchange for 150,000 shares of $1.00 preferred stock in Triad  Industries,  Inc.
The difference of $ 18,261 was recorded as a note payable.  As of March 31, 2001
there is a balance of $ 15,291 outstanding.


NOTE  7.  PROPERTY & EQUIPMENT

A summary of property and equipment,  and the related depreciation expense is as
follows:

                                                       2001              1999

Office Equipment                                      $ 24,185         $ 22,059
Automobile                                               5,514            3,667
Total Office Equip. & Automobile                        29,599           25,726
Accumulated depreciation                               (12,736)
                                                                        (11,178)
Net Property and Equipment                            $ 16,864         $ 14,547

Depreciation Expense                                  $  2,124         $  3,973


NOTE  8. INTANGIBLE ASSETS

Intangible assets consist of the following:

                                                         2001             2000

Advertising rights                                     $ 103,503      $ 108,333
                                  ---------------------------------------------
                                  ---------------------------------------------
Customer list                                             79,618         83,333
                                  ---------------------------------------------
    Less Accumulated Amortization                        (49,569)       (39,655)
                               ------------------- -----------------------------
                               ------------------- -----------------------------
                                                       $ 133,552      $ 152,011
     ----------------------------------------==================================

Advertising  rights and customer  list are being  amortized  on a  straight-line
basis over a ten-year period in accordance with APB 17.  Intangible  assets were
acquired with the acquisition of Pro Glass Canada. The advertising rights are an
exclusivity  contract Pro Glass has to advertise to patrons homes.  The customer
list consists of clients  compiled by Cal Alta of Canada over a ten-year  period
in the auto glass industry. This customer list along with the advertising rights
gives Pro Glass a valuable resource in which they can identify potential clients
to  advertise  to because  the list  provides  a  demographic  of the  Companys
customers.  In accordance  with paragraph 6 of FASB 121 the Company expects that
future cash flows will be more than the carrying amount of the assets; therefore
no impairment loss is being recognized.



NOTE  9.  NOTE RECEIVABLE

The amount of $ 181,259  represents a receivable  due to Pro Glass from Cal Alta
(a related party) as of December 31, 2000. This amount was carried over from the
merger  between Pro Glass  Canada and Pro Glass USA. Its an amount owed from Cal
Alta which is a holding Company that is owned by an  officer/stockholder.  As of
December 31, 2000 no interest or repayment  schedule  had been  determined.  Cal
Alta has a $500,000 net asset value.  Although Cal Alta is not generating income
at the present time, their net value gives reason to believe that the receivable
is fully collectable.


NOTE  10.  FOREIGN CURRENCY TRANSLATION

Accounting for Pro Glass  Technologies,  Inc. is conducted in Canadian currency.
As per our audit we convert figures on a quarterly basis in accordance with FASB
# 52. The functional  currency is in Canadian.  Balance sheets for 2000 and 1999
were  translated  at  their  respective  year-end  rates  of  $1.50  and $ 1.50,
respectively.  Statement of operations, general and administrative and cash flow
financial  statements were reported on the weighted  average for each respective
year as required by FASB # 52.


NOTE  11.  COMMON  STOCK

On September 1, 1998 the Company  issued 564,000 shares of common stock for cash
@ $ .167 per share. As of September 30, 1998 there were 564,000 shares of common
stock  outstanding.  On October 1, 1998 the Company issued  15,000,000 shares of
common stock to F. Aiello @ $ .02 a share.  On March 31, 1999 the Company issued
1,010,000 shares of common stock for cash @ $ .068 a share. On July 31, 1999 the
Company issued 1,140,000 shares of common stock for cash @ $ .068 a share. As of
September 30, 1999 there were 17,714,000 shares of common stock outstanding.  On
October  21,  1999 (prior to the  recapitalization)  the  Company had  3,000,000
shares of common  stock  outstanding.  On December  7, 1999 the  Company  issued
1,247,049  shares of common  stock for  services  rendered  @ $ .10 a share.  On
January 11, 2000 the Company  issued 350,000 shares of common stock for services
rendered @ $ .11 a share.  On April 3, 2000 the Company issued 250,000 shares of
common  stock for cash @ $ .27 a share.  On April 10,  2000 the  Company  issued
121,400  shares of common  stock for cash @ $ .34 a share.  On June 14, 2000 the
Company  issued  10,000  shares of common stock for cash @ $ .34 a share.  As of
March 31, 2001 there were 22,692,449 shares of common stock outstanding.

15 million  shares of common stock were issued to Frank Aiello (a related party)
for the purchase of Pro Glass Technologies,  Inc. Canada. A share price of $ .02
per share was  determined  by  management  to be  market  value of the  business
acquisition.

Management  determines  the per share price of each  issuance  on a  transaction
basis.


NOTE 12.  STOCKHOLDERS EQUITY

The stockholders equity section of the Company contains the following classes of
capital stock as of March 31, 2001.

Common stock, $ 0.001 par value; 50,000,000 shares authorized; 22,692,449 shares
issued and outstanding for 2001 and 1999, respectively.


NOTE  13.  ISSUANCE OF SHARES FOR SERVICES

The  valuation  of shares  for  services  is based on the fair  market  value of
services.  The Company  has  elected to account for the stock  option plan under
Accounting  Principles  Board  Opinion No. 25  Accounting  for Stock  Issued to
Employees, and related interpretations.

There were no shares of common stock issued for services to  management  and key
employees for the six months ended March 31, 2001.


                 ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Liquidity and Capital Resources

     As of December  31, 2000 the Company has $398,878 in total  current  assets
and  equity of  $624,718  with  which to pay its  obligations.  This  gives the
Company a comfortable 41/2 to 1working capital ratio. The Company is involved in
a best  efforts  financing  in order to increase  the  Companys  liquidity  and
capital resources.

     As of March 31, 2001 the Company has $313,647 in total  current  assets and
equity of $539,878 with which to pay its obligations.  This gives the Company a
comfortable  41/4 to 1working  capital ratio.  The Company is involved in a best
efforts  financing  in order to increase  the  Companys  liquidity  and capital
resources.

Results of Operations

     For the three months ending December 31, 2000 the Company had a net loss of
$(12,125).  General and administrative  expenses decreased $34,553 for the first
quarter  of  2000  compared  to  the  same  period  of  1999.  Depreciation  and
amortization  also increased  $4,887 for the first quarter 2000 when compared to
the same period of 1999.

     The Company had revenues of $159,884  for the three  months ended  December
31, 2000 compared to $148,392 for the same period last year.

     The Company also had a $9,598 increase in subcontractor  costs. This can be
attributed to the increase in volume of sales at the Companys glass shops.


     For the six months  ending  March 31,  2001 the  Company  had a net loss of
$(86,955).  General and administrative expenses increased $64,698 for the second
quarter  of  2001  compared  to  the  same  period  of  2000.  Depreciation  and
amortization  also increased $5,399 for the second quarter 2001 when compared to
the same period of 2000.

     The Company had  revenues of $98,580 for the six three  months  ended March
31, 2001 compared to $115,394 for the same period last year.

     For the six  months  ended  March 31,  2001 the  Company  has a net loss of
$(99,081)  compared  to a net loss of  $(69,857)  compared to the same period of
2000.  General  administrative  charges have increased $29,945 for the first six
months of the year  compared to the same  period last year.  This can largely be
attributed to the Company  applying to be on a full  reporting  stock  exchange.
Depreciation and amortization are also
                                                                  16
up  approximately  $10,000.  This is due to the  amortization of the advertising
rights  and  customer  lists.  Subcontractors  fees also  were up  approximately
$12,500 compared to the same period of last year.

     The  Company  had  revenues  of  $258,464  for the first six months of 2001
compared to $263,786 for the same period of last year.

Sale of Common Capital Stock

         None.

                            PART II OTHER INFORMATION

                            ITEM 1. LEGAL PROCEEDINGS

         None.
                          ITEM 2. CHANGES IN SECURITIES

         None.

                     ITEM 3. DEFAULTS UPON SENIOR SECURITES

         None.

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

         None.

                            ITEM 5. OTHER INFORMATION


         None.



                       ITEM 6. EXHIBITS AND REPORTS ON 8-K


         a.       Form 10QSB filed by reference on May 15, 2001.
         b.       Form 10SB/A filed by reference on February 26, 2001




                                       17

                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  Report  to be  signed  in its  behalf by the
undersigned hereto duly authorized.



                                               Pro Glass Technologies, Inc.


Dated: May 16, 2001

                                               By/S/ Frank Aiello
                                                 Frank Aiello
                                                 President
























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