<PAGE>   1

                                    FORM 10-Q
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



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


                  FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1999

                                       OR

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

For the transition period from

COMMISSION FILE NUMBER: 0-12113

                         CONNECTIVITY TECHNOLOGIES INC.
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

           Delaware                                     94-2691724
-------------------------------             ------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

                    680 Mechanic Street, Leominster, MA 01453
                    -----------------------------------------
                    (Address of principal executive offices)

                                 (978) 537-9138
                           ---------------------------
                           (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 of 1934 during the preceding 12 months (or for
such shorter period that the registrant 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: 5,565,704 shares of Common Stock, par
value. $.04 per share, outstanding as of August 6, 1999.


<PAGE>   2


                         CONNECTIVITY TECHNOLOGIES INC.

                                      INDEX

<TABLE>
<CAPTION>
                                                                                                     Page No.

<S>                                                                                                   <C>
PART I - FINANCIAL INFORMATION

Item 1.      Condensed Consolidated Balance Sheets
              as of June 30, 1999 and December 31, 1998.................................................3

             Condensed Consolidated Statements of Operations
              for the Three and Six Months Ended June 30, 1999 and 1998.................................4

             Condensed Consolidated Statements of Cash Flows
              for the Six Months Ended June 30, 1999 and 1998...........................................5

             Notes to Condensed Consolidated Financial
              Statements................................................................................6

Item 2.      Management's Discussion and Analysis of Financial Condition
               and Results of Operations...............................................................10

PART II - OTHER INFORMATION

Item 6.      Exhibits and Reports on Form 8-K..........................................................13
</TABLE>


<PAGE>   3


CONNECTIVITY TECHNOLOGIES INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)



<TABLE>
<CAPTION>
                                 ASSETS                                        JUNE 30, 1999                  DECEMBER 31, 1998
                                                                         -------------------------         ------------------------
<S>                                                                               <C>                               <C>
CURRENT ASSETS
  Cash                                                                            $       290,808                   $      598,804
  Accounts receivable, net                                                              8,382,490                        6,740,133
  Inventories, net                                                                      5,467,321                        5,203,023
  Prepaid expenses and other assets                                                       159,330                          129,883
  Refundable income taxes                                                                 505,653                          987,622
                                                                         -------------------------         ------------------------

      Total current assets                                                             14,805,602                       13,659,465

Property, plant and equipment, net                                                      6,445,701                        6,949,801
Deposits and other assets                                                                 102,479                          102,919
Goodwill and intangible assets, net of accumulated
  amortization                                                                          9,391,785                        9,606,045
                                                                         -------------------------         ------------------------

        Total assets                                                              $    30,745,567                   $   30,318,230
                                                                         =========================         ========================
                              LIABILITIES

CURRENT LIABILITIES
  Loan payable to bank                                                            $    16,668,754                   $   16,462,168
  Subordinated notes payable                                                              882,600                          882,600
  Trade accounts payable                                                                3,756,455                        2,740,040
  Accrued liabilities                                                                   2,674,871                        2,596,005
                                                                         -------------------------         ------------------------

      Total current liabilities                                                        23,982,680                       22,680,813




                          STOCKHOLDERS' EQUITY

Preferred stock - $.01 par value;
  10,000,000 shares authorized, none outstanding
Series B Common Stock - $.04 par value;
  750,000 shares authorized, none outstanding
Common Stock - $.04 par value; 20,000,000 shares
  authorized, 5,771,857 shares issued, 5,565,704
  shares outstanding                                                                      230,867                          230,874
Additional paid-in capital                                                            109,334,759                      109,336,244
Accumulated deficit                                                                  (102,794,475)                    (101,921,437)
Less 206,601 shares in treasury, at cost                                                   (8,264)                          (8,264)
                                                                         -------------------------         ------------------------

      Total stockholders' equity                                                        6,762,887                        7,637,417
                                                                         -------------------------         ------------------------

      Total liabilities and stockholders' equity                                  $    30,745,567                   $   30,318,230
                                                                         =========================         ========================
</TABLE>


See accompanying notes to Condensed Consolidated Financial Statements


                                     Page 3
<PAGE>   4


CONNECTIVITY TECHNOLOGIES INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)



<TABLE>
<CAPTION>
                                                            SIX MONTHS ENDED                    THREE MONTHS ENDED
                                                   JUNE 30, 1999      JUNE 30, 1998     JUNE 30, 1999     JUNE 30, 1998
                                                   -------------      -------------     -------------     -------------

<S>                                                <C>                <C>               <C>               <C>
Net sales                                          $  20,714,400      $  24,609,935     $  11,462,617     $  12,806,230

Cost of goods sold                                    17,055,961         19,453,276         9,422,424         9,815,904
                                                   -------------      -------------     -------------     -------------

Gross profit                                           3,658,439          5,156,659         2,040,193         2,990,326

Selling, general and administrative expenses           4,110,484          4,345,172         2,041,531         2,290,539
                                                   -------------      -------------     -------------     -------------

Operating income (loss)                                 (452,045)           811,487            (1,338)          699,787

Other income (expense):
   Interest expense, net                                (842,058)          (972,404)         (418,383)         (522,198)
   Other                                                   1,063             38,072             1,144            27,992
                                                   -------------      -------------     -------------     -------------
                                                        (840,995)          (934,332)         (417,239)         (494,206)
                                                   -------------      -------------     -------------     -------------
Income (loss) from continuing operations before
 income taxes                                         (1,293,040)          (122,845)         (418,577)          205,581

Income taxes (benefit)                                  (420,000)            43,300          (420,000)           43,300
                                                   -------------      -------------     -------------     -------------

Income (loss) from continuing operations                (873,040)          (166,145)            1,423           162,281

Gain on sale of discontinued operations,
 net of income taxes                                          --             38,151                --                --
                                                   -------------      -------------     -------------     -------------

                                                              --             38,151                --                --
                                                   -------------      -------------     -------------     -------------

Net income (loss)                                  $    (873,040)     $    (127,994)    $       1,423     $     162,281
                                                   =============      =============     =============     =============



Earnings (loss) per share
    Continuing operations                          $       (0.16)     $       (0.03)    $        0.00     $        0.03
    Discontinued operations                                 0.00               0.01              0.00              0.00
                                                   -------------      -------------     -------------     -------------

                                                   $       (0.16)     $       (0.02)    $        0.00     $        0.03
                                                   =============      =============     =============     =============

Weighted average shares outstanding                    5,565,704          5,565,256         5,565,704         5,565,256
</TABLE>


See accompanying notes to Condensed Consolidated Financial Statements


                                     Page 4
<PAGE>   5


CONNECTIVITY TECHNOLOGIES INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)



<TABLE>
<CAPTION>
                                                                                                     SIX MONTHS ENDED
                                                                                         JUNE 30, 1999              JUNE 30, 1998
                                                                                         -------------              -------------
<S>                                                                                       <C>                       <C>
OPERATING ACTIVITIES
   Loss from operations                                                                   $   (873,040)             $   (166,145)
   Adjustments to reconcile loss from operations to
      cash provided by (used for) operating activities:
        Depreciation and amortization                                                          826,876                   825,292
        Changes in assets and liabilities:
           Accounts receivable, net                                                         (1,642,357)                  811,886
           Inventories, net                                                                   (264,298)                 (428,868)
           Prepaid expenses, deposits and other assets                                         (29,007)                   15,174
           Refundable income taxes                                                             481,969                        --
           Trade accounts payable                                                            1,016,415                  (369,814)
           Accrued liabilities and federal and state income taxes payable                       77,376                (4,562,595)
                                                                                          ------------              ------------

NET CASH USED FOR OPERATING ACTIVITIES                                                        (406,066)               (3,875,070)

INVESTING ACTIVITIES
  Purchases of property, plant and equipment                                                  (108,516)                 (904,002)
  Proceeds from sale of investments                                                                                       97,966
                                                                                          ------------              ------------
NET CASH USED FOR INVESTING ACTIVITIES                                                        (108,516)                 (806,036)

FINANCING ACTIVITIES
  Proceeds from long-term borrowings                                                         8,742,984                 5,355,000
  Repayment of long-term borrowings                                                         (8,536,398)                 (350,000)
                                                                                          ------------              ------------
NET CASH PROVIDED BY FINANCING ACTIVITIES                                                      206,586                 5,005,000
                                                                                          ------------              ------------

Net increase (decrease) in cash                                                               (307,996)                  323,894
Cash at beginning of period                                                                    598,804                   245,843
                                                                                          ------------              ------------

CASH AT END OF PERIOD                                                                     $    290,808              $    569,737
                                                                                          ============              ============
</TABLE>


See accompanying notes to Condensed Consolidated Financial Statements.


                                     Page 5
<PAGE>   6


                         CONNECTIVITY TECHNOLOGIES INC.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 1999
                                   (UNAUDITED)


Note 1 - Condensed Consolidated Financial Statements



               The Condensed Consolidated Financial Statements included herein
have been prepared by Connectivity Technologies Inc. ("CTI" or "the Company")
without audit, pursuant to the rules and regulations of the Securities and
Exchange Commission. Certain information and footnote disclosures normally
included in financial statements prepared in accordance with generally accepted
accounting principles have been condensed or omitted pursuant to such rules and
regulations, although the Company believes the disclosures which are made are
adequate to make the information presented not misleading. Further, the
Condensed Consolidated Financial Statements have been prepared in accordance
with generally accepted accounting principles for interim financial information,
the instructions to Form 10-Q and Regulation S-K and reflect, in the opinion of
management, all adjustments of a normal recurring nature necessary to present
fairly the financial position and results of operations as of and for the
periods indicated.

               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.

               These Condensed Consolidated Financial Statements should be read
in conjunction with the Consolidated Financial Statements and the Notes thereto
included in CTI's Annual Report on Form 10-K for the year ended December 31,
1998.

               The accompanying condensed consolidated financial statements have
been prepared assuming that the Company will continue as a going concern, which
contemplates the realization of assets and the satisfaction of liabilities in
the normal course of business. The Company incurred a loss from continuing
operations in 1998 and for the three and six months ended June 30, 1999 and has
a working capital deficiency. Also, as further described in Note 3, the Company
has consummated a $16.5 million revolving credit agreement under which, among
other things, all amounts outstanding become due on January 31, 2000. These
conditions raise substantial doubt about the Company's ability to continue as a
going concern.

               Management's plans to resolve these matters presently include the
sale of the stock of the Company's Connectivity Products Incorporated ("CPI")
subsidiary or some or all of CPI's operating assets. If a sale were successfully
consummated, the proceeds from the sale would be applied first against the
outstanding loan payable to the bank. In addition, the Company continues to make
changes in its operations in order to improve profitability and to generate
sufficient cash flow to meet its obligations.


                                       6
<PAGE>   7


               There can be no assurance that management will be successful in
its efforts to sell the stock of CPI or any other assets at a price acceptable
to the Board of Directors. Further, there can be no assurance that proceeds from
any sale would be sufficient to satisfy outstanding obligations or that
management will be successful in its efforts to carry out its operational plan.
The accompanying condensed consolidated financial statements do not include any
adjustments to reflect the possible future effects on the recoverability and
classification of assets or the amounts and classification of liabilities that
may result from the outcome of this uncertainty.

Note 2 - Nature of Operations and Basis of Presentation

               The primary business of the Company is the manufacture and sale
of wire and cable products. The major markets served by the Company are
industrial, commercial and residential security, factory automation, traffic and
transit signal control and audio systems.

               The Company's condensed consolidated financial statements include
the accounts of CTI and operations of its 97.8% owned subsidiary, CPI. All
significant intercompany accounts and transactions have been eliminated in
consolidation.

               Certain reclassifications of amounts reported in the accompanying
December 31, 1998 Condensed Consolidated Balance Sheet have been made to permit
comparison with June 30, 1999 classifications.


Note 3 - Revolving Credit Facility

               On April 27, 1999, the Company's subsidiary, CPI, consummated a
$16.5 million revolving credit agreement ("the 1999 Revolver") whereunder
borrowings under the credit agreement existing at December 31, 1998 became
amounts outstanding under the 1999 Revolver. The 1999 Revolver matures on
January 31, 2000. Borrowings under the 1999 Revolver: 1) accrue interest at the
bank's base rate plus 200 basis points (the bank's base rate was 8.00% at June
30, 1999); 2) are secured by substantially all assets of the Company and further
guaranteed by the Company's interest in the stock of CPI and; 3) cannot exceed
an amount that is calculated by reference to specified percentages of eligible
accounts receivable, inventory, and equipment. The 1999 Revolver contains a
lockbox requirement and a subjective acceleration clause and, therefore, is
classified as a current liability in the financial statements. The 1999 Revolver
also contains covenants restricting the amount of capital expenditures and
requiring, among other things, the attainment of monthly minimum earnings and
cash flow related thresholds and monthly principal payments. The Company was not
in compliance with the minimum earnings covenant as of June 30, 1999, but has
subsequently received a waiver from its lenders waiving the covenant's
requirements for the month of June, 1999. The Company is in negotiations with
its lenders to revise the monthly covenant requirements. No assurances can be
given that these negotiations will be successful or that the Company will be
able to comply with the covenants in the future.

Note 4 - Subordinated Debt

               Subordinated notes payable were issued as part of the Company's
acquisition of CPI. The notes bear interest at the rate of 10% per annum,
payable quarterly. The Company has made no interest payments on the subordinated
notes since December 31, 1997. Under the terms of the note, principal becomes
payable on May 31, 2003. The Company entered into agreements with certain of the
noteholders in 1998 pursuant to which the Company's obligations for principal
amounting to $4,767,400 and accrued interest of $260,440 were canceled.


                                       7
<PAGE>   8


     In connection with consummating the 1999 Revolver, the remaining holder of
the subordinated note agreed not to require any payments of either principal or
interest under the note until the earlier of such time as the 1999 Revolver is
repaid, or May 2002.

Note 5 - Anticipated Sale of Subsidiary

     The Company has signed a non-binding Letter of Intent to sell its stock in
its CPI subsidiary to Rome Group, Inc. for $21 million, subject to adjustment.
If a sale is successfully consummated, the proceeds from the sale would be
utilized first to pay the outstanding loan payable to the bank. Should the
transaction be consummated in its current form, the Company would likely record
a loss on impairment of goodwill in the range of $2 million to $4 million.
There can be no assurances that the Company will be successful in its efforts
to sell its stock in its CPI subsidiary.

Note 6 - Inventories

               Inventories consist of the following:

<TABLE>
<CAPTION>
                                                            June 30, 1999            December 31, 1998
                                                            -------------            -----------------

<S>                                                         <C>                      <C>
               Raw materials                                $   3,781,165            $       3,211,631
               Work in process                                  1,017,941                      686,124
               Finished goods                                     668,215                    1,305,268
                                                            -------------             ----------------

                                                            $   5,467,321             $      5,203,023
                                                            =============             ================
</TABLE>

Note 7 - Comprehensive Income (Loss)

               As of January 1, 1998, the Company adopted FASB Statement No.
130, Reporting Comprehensive Income (Statement 130). Statement 130 established
new rules for the reporting and display of comprehensive income and its
components. Statement 130 requires unrealized gains or losses on the Company's
available-for-sale securities which, prior to adoption, were reported separately
in stockholders' equity, to be included in other comprehensive income. For the
three and six month period ended June 30, 1999, the Company had no material
transactions other than net loss that should be reported as comprehensive loss.
Comprehensive gain (loss) for the three and six month periods ended June 30,
1998 consisted of the following:

                                                    June 30, 1998
                                            Six Months         Three Months
                                            ----------         ------------
     Net gain (loss)                        $ (127,994)        $    162,281
     Unrealized gain (loss) on investments    (195,715)             119,048
                                            ----------         ------------

                                            $ (323,709)         $   281,329
                                            ==========          ===========


Note 8 - Discontinued Operations

     Income from discontinued operations of $38,151 recognized during 1998
resulted from the final settlement of the sale price of the Company's Energy
Electric Cable division, which was sold in 1997.


                                       8
<PAGE>   9


Note 9 - Contingencies

     In March 1999, the Company was named a defendant in a $2 million lawsuit
alleging wrongful termination of employment. The Company believes it has not
engaged in any wrongdoing in connection with this matter. However, as this
litigation is in an early stage, the Company is unable to conclude on the likely
outcome of this matter.

     The Company is also subject to various other legal proceedings and claims
that arise in the ordinary course of business. In the opinion of management,
such proceedings will not, individually or in the aggregate, have a material
adverse impact on the Company's financial position.

Note 10 - Segment Information

     The Company has two reportable business segments: BSCC division and EEA
division. The BSCC division manufactures low voltage copper electronic and
electric wire and cable for security, factory automation, signal and sound
markets. The EEA division provides cable design application and assembly
services for machine tool and robotics products used primarily within the
automotive industry. The divisions maintain separate and distinct physical
operating facilities.

     The Company also maintains a corporate headquarters apart from its
operating divisions. The Company evaluates performance and allocates resources
based on profit or loss from operations before income taxes. Expenses incurred
and revenues received by the corporate headquarters are not allocated to the
divisions.

     The divisions use the same accounting policies as those described in Note
1, "Condensed Consolidated Financial Statements". Interdivision sales consist
principally of product sales from the BSCC division to the EEA division. Such
sales carry the same markup as sales to external customers.

     Following is a presentation of selected financial information for each
division and the corporate headquarters for the six months ended June 30, 1999
and 1998.

<TABLE>
<CAPTION>
                                                         BSCC             EEA
                                                       Division         Division      Corporate     Eliminations      Consolidation
                                                     ------------------------------------------------------------------------------

<S>                                                     <C>               <C>        <C>                <C>             <C>
Six months ended June 30, 1999

        Sales to external customers                  $14,652,934       $6,061,466                                      $20,714,400
        Interdivision sales                            1,041,278                                     $(1,041,278)
        Income (loss) from continuing
          operations before income taxes                (444,917)         531,008    $(1,113,871)       (265,260)       (1,293,040)
        Total assets                                  16,550,211        8,181,903     15,818,840     (10,225,387)       30,325,567

Six months ended June 30, 1998

        Sales to external customers                  $17,137,922       $7,472,013                                      $24,609,935
        Interdivision sales                            1,166,305                                     $(1,166,305)
        Income (loss) from continuing
          operations before income taxes                 207,957        1,064,516    $(1,165,110)       (230,208)         (122,845)
       Total assets                                   17,855,055        6,122,067     15,806,876      (5,967,347)       33,816,651
</TABLE>


                                       9
<PAGE>   10


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
JUNE 30, 1999


The primary business of Connectivity Technologies Inc. (the "Company" or "CTI")
is the manufacture and assembly of wire and cable products through its
subsidiary, Connectivity Products Incorporated ("CPI"). The major markets served
by the Company are commercial and residential security, factory automation,
traffic and transit signal control and audio systems. The Company has no
operations other than those carried out by CPI.

Before acquiring 85% of the common stock of CPI as of May 31, 1996, the
Company's principal activity consisted of seeking and evaluating candidates for
acquisition.

RESULTS OF OPERATIONS

Net sales decreased by approximately 15.8% and 10.5% during the six and three
month periods ended June 30, 1999, respectively, as compared to the
corresponding periods of the preceding year. At the BSCC division, the decrease
is primarily attributable to a 15.8% and 14.2% decrease in the Comex average
price of copper, which BSCC bases its selling price, during the six and three
month periods ended June 30, 1999, respectively, as compared to the
corresponding periods of the preceding year. Also contributing to the decrease
for the six month period ended June 30, 1999, was an 8% decrease in amount of
product shipped from the BSCC division. The EEA division continues to experience
increased competition thereby adversely impacting sales mix and creating pricing
pressures. Further, management believes customer apprehension at both operating
divisions due to a perceived lack of financial stability has also negatively
impacted sales.

Gross profit as a percent of net sales decreased to 17.7% and 17.8% during the
six and three month periods ended June 30, 1999, respectively, as compared to
21.0% and 23.4% for the corresponding periods of the preceding year. The
decrease is attributable principally to the decrease in sales which results in
less revenue to absorb fixed costs inherent in cost of goods sold. Margins have
been affected positively by increased manufacturing efficiencies inherent in new
machinery acquired and new manufacturing and scheduling processes implemented by
management.

Selling, general and administrative expense increased to 19.8% of net sales for
the six month period ended June 30, 1999 compared to 17.7% for the same six
month period in 1998. The increase is attributable principally to decreased
sales during the six months, which on a percentage basis increases the fixed
cost component. On a dollar basis, selling, general and administrative expense
decreased approximately $235,000 from the corresponding period of the preceding
year. The decrease is primarily attributable to a decrease in loan origination
fees and a reduction in salaries at both operating divisions as a result of
headcount reductions.

Interest expense decreased during the six and three month periods ended June 30,
1999, as compared to 1998, due principally to lower average borrowings and less
subordinated debt offset


                                       10
<PAGE>   11


by higher interest rates. Interest rates have increased in accordance with the
terms of the Second Amended and Restated Revolving Credit Agreement and because
the Company does not have the option in 1999 to use the preferential LIBOR based
interest rate.

Income tax benefit for continuing operations totaled $420,000 for the six and
three month periods ended June 30, 1999, as compared to income tax expense of
$43,300 for the corresponding periods of the preceding year. The effective tax
rate for the year was adjusted to 34% during the three months ended June 30,
1999, which is a change in estimate from the 0% effective tax rate used in the
three months ended March 31, 1999. The effect of this change in estimate was
recorded in the three months ended June 30, 1999. This change in estimate
resulted from a change in the Company's projected net loss for the year. At
March 31, 1999, the Company was projecting approximately breakeven pre-tax
operating results for the year. At June 30, 1999, the Company is projecting a
pre-tax loss and the Company will be able to carryback such loss to years in
which the Company paid income taxes and obtain an income tax refund.

FINANCIAL CONDITION AND LIQUIDITY

The accompanying statement of cash flows for the six months ended June 30, 1999
reports net cash used for operating activities of approximately $406,000 as
compared to cash used for operating activities of approximately $3,875,000
during the corresponding six months of the previous year. Increased accounts
receivable of approximately $1,642,000 resulted in cash used for operating
activities, primarily as a result of higher sales and slower collections in the
quarter ended June 30, 1999 over the previous quarter. Offsetting the increase
in receivables is an increase in payables of approximately $1,016,000 which
resulted in cash flows provided by operating activities during the six months
ended June 30, 1999, primarily caused by increased purchases to support
increasing sales in the last month of the quarter. Included in the determination
of cash flows from operating activities for the six months ended June 30, 1998
are tax payments of approximately $2,700,000 related to the taxable gain
realized on the sale of the Company's Energy Electric Cable division in 1997.
The Company used approximately $370,000 of operating cash flows to reduce
accounts payable in a concerted effort to make payments within or better than
accepted trade terms.

The Company used approximately $109,000 for the purchase of property, plant and
equipment for the six months ended June 30, 1999 as compared to an approximate
use of $806,000 for the corresponding six months of the previous year. The
change is attributable to the upgrading of machinery at the BSCC division during
the six months ended June 30, 1998.

Approximately $207,000 in bank borrowings resulted in cash provided by financing
activities during the six months ended June 30, 1999 as compared to $5,005,000
provided by financing activities for the corresponding six months ended June 30,
1998. The borrowings in the six months ended June 30, 1999 were used for the
purchase of equipment and the financing of working capital as compared to the
borrowings for the six months ended June 30, 1998 which were used for the
payment of $2,884,000 in taxes, the purchase of equipment, the repayment of
subordinated debt, and the financing of working capital.

As described in Note 3 of the accompanying Notes to Condensed Consolidated
Financial Statements, the Company has negotiated the 1999 Revolver, which to
date has been the Company's principal external source of capital. The terms of
the new agreement extend to January 31, 2000. The Company was not in compliance
with the minimum earnings covenant as of June 30, 1999, but has subsequently
received a waiver from its lenders waiving the covenant's requirements for the
month of June 1999. The Company is in negotiations with its lenders to revise
the current covenant requirements. No assurances can be given that these
negotiations will be successful or that the Company will be able to comply with
the covenants in the future.

YEAR 2000 UPDATE

The Company has made significant progress in its plan to ensure Year 2000
compliancy. Its BSCC division implemented and upgraded its business critical
systems in 1998. The EEA division completed the same implementation and upgrade
of business critical systems in the second quarter of 1999. The Company's
hardware compliance issues have been identified and non-compliant hardware has
been replaced or upgraded. Most other production software and


                                       11
<PAGE>   12


database applications that are not Year 2000 ready have been scheduled to
migrate to fully compliant systems by the third or fourth quarter 1999. The
Company has purchased all of the software upgrades. Altogether, the total cost
to upgrade, test, and implement the Company's hardware and software to date is
approximately $470,000 and has been funded through cash flows and bank
borrowings. The Company requires a new job writing production software design.
The programming required to make the job writing software compliant, which is
being performed internally, has begun and it is anticipated that this software
will be fully programmed and tested during the fourth quarter of 1999. There is
a contingency plan if this project is not completed by December 31, 1999. All
software and hardware has been tested and non-compliant issues were addressed in
the second quarter of 1999. No contingency plan exists at this time in the event
that any tested system fails. The Company plans to evaluate such failures on a
case by case basis. The Company continues to survey its customers, service
providers, and suppliers regarding Year 2000 compliancy. No issues have been
identified with outside parties to date. Current plans are for this phase of the
Company's Year 2000 project to be completed in the third quarter of 1999.

The failure to correct a material Year 2000 problem could result in an
interruption in, or a failure of, certain normal business activities or
operations. Such failures could materially and adversely affect the Company's
results of operations, liquidity and financial condition. Due to the general
uncertainty inherent in the Year 2000 problem, resulting in part from the
uncertainty of the Year 2000 readiness of third party suppliers, customers, and
service providers, the Company is unable to determine at this time whether the
consequences of Year 2000 failures will have a material impact on the Company's
results of operations, liquidity or financial condition.

SAFE HARBOR PROVISION OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

The statements contained in Item 2 (Management's Discussion and Analysis of
Financial Condition and Results of Operations) that were not historical facts
may be forward-looking statements. Whenever possible, the Company has identified
these forward-looking statements by words such as "believes", "plans",
"intends", and similar expressions. The Company cautions readers that these
forward-looking statements are subject to a variety of risks and uncertainties
that could cause the Company's actual results in the remainder of 1999 and
beyond to differ materially from those expressed in any forward-looking
statements made by, or on behalf of, the Company. These risks and uncertainties
are more fully described in the Company's filings with the Securities and
Exchange Commission including, without limitation, general economic and business
conditions affecting the industries of the Company's customers, competition from
other manufacturers and assemblers that have greater financial, technical, and
marketing resources than the Company, the Company's ability to adequately
address its going concern issues in a timely matter including, without
limitation, its ability to sell its CPI subsidiary or any other assets, reduce
its debt, remain in compliance with its credit agreement, continue to negotiate
long term credit facilities, and the Company's ability to adequately address its
Year 2000 issues in a timely manner.


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<PAGE>   13


PART II - OTHER INFORMATION


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits

Exhibit No.                 Description of Document
-----------                 -----------------------

10.1              Second amended and restated revolving credit agreement, dated
                  as of January 1, 1999 by and among Connectivity Products
                  Incorporated, BankBoston, N.A. (F/N/A the First National
                  Bank of Boston), and NBD Bank.

27                Financial Data Schedule


(b)   Reports on Form 8-K

     On April 27, 1999, the Registrant filed a Current Report on Form 8-K in
connection with the entering into a new credit agreement with its lending banks.
The new loan extends until January 31, 2000, and includes a maximum indebtedness
provision, an amortization schedule for principal paydowns, covenants pertaining
to financial performance, and a lockbox requirement.

     On June 23, 1999, the Registrant filed a Current Report on Form 8-K in
connection with the signing of a non-binding Letter of Intent to sell the stock
of its CPI subsidiary to Rome Group, Inc. The proceeds from this sale will be
used to reduce its bank debt. The Registrant intends to maintain its status as a
public company and to seek to acquire other operating assets after the sale.


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<PAGE>   14


                                   SIGNATURES

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

                                              CONNECTIVITY TECHNOLOGIES INC.




Date:   August 16, 1999                       By: /s/  James M. Hopkins
                                                 ---------------------
                                                 James M. Hopkins
                                                 President and Chief Executive
                                                 Officer (as a duly authorized
                                                 officer of the Registrant)




                                              By: /s/  George H. Buckham
                                                 -----------------------
                                                 George H. Buckham
                                                 Corporate Controller and
                                                 Secretary (as the principal
                                                 accounting officer of the
                                                 Registrant)


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