SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   ----------

                                   FORM 10-QSB


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

     For the quarterly period ended SEPTEMBER 30, 2000

[ ]  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 000-22855

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


            Nevada                                       86-0671974
-------------------------------                ---------------------------------
(State or other jurisdiction of                (IRS Employer Identification No.)
 incorporation or organization)


                  215 N. Marengo, Suite 110, Pasadena, CA 91101
                  ---------------------------------------------
                    (Address of principal executive offices)


                                 (619) 521-8547
                           ---------------------------
                           (Issuer's telephone number)

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

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days.
Yes [X] No [ ]

As of  November  13,  2000,  the  number of shares of Common  Stock  issued  and
outstanding was 8,791,358.

Transitional Small Business Disclosure Format (check one):

Yes [ ] No [X]
<PAGE>
                        AMERICAN SOIL TECHNOLOGIES, INC.

                                      INDEX
                                                                           Page
                                                                          Number
                                                                          ------
PART I - FINANCIAL INFORMATION

     Item 1. Financial Statements (Unaudited)

             Balance Sheets - September 30, 2000                            1

             Statement of Operations - For the three
             months ended September 30, 2000 and 1999                       2

             Statement of Stockholders' Equity                              3

             Statement of Cash Flows - For the three
             months ended September 30, 2000 and 1999                       4

             Notes to Financial Statements                                  5

     Item 2. Management's Discussion and Analysis of Financial
             Conditions and Results of Operations                          11

PART II - OTHER INFORMATION

     Item 1. Legal Proceedings                                             15
     Item 2. Changes in Securities                                         15
     Item 3. Defaults Upon Senior Securities                               15
     Item 4. Submission of Matters to a Vote of Security Holders           15
     Item 5. Other Information                                             15
     Item 6. Exhibits and Reports on Form 8-K                              15

SIGNATURES                                                                 16
<PAGE>
PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                        American Soil Technologies, Inc.
                                 Balance Sheets
                                   (Unaudited)

                                                            September 30,
                                                     --------------------------
                                     ASSETS             2000            1999
                                                     -----------    -----------
CURRENT  ASSETS
  Cash and cash equivalents                          $    62,194    $   127,030
  Accounts and notes receivable                          459,309        569,275
  Deposits and prepaid expenses                          140,379         11,894
  Inventory                                              278,245        120,173
                                                     -----------    -----------
     TOTAL CURRENT ASSETS                                940,127        828,372

Property, plant and equipment, net of
  accumulated depreciation                               674,881        691,488
Patents, net of amortization                             649,251
Deferred income tax asset                              2,374,000      1,933,200
Other assets                                              31,823         26,339
                                                     -----------    -----------
        TOTAL  ASSETS                                $ 4,670,082    $ 3,479,399
                                                     ===========    ===========

                      LIABILITIES and STOCKHOLDERS' EQUITY

CURRENT  LIABILITIES
  Accounts  payable                                  $   164,725    $   130,694
  Accrued expenses                                         9,839         47,042
  Deferred income                                        325,855        322,604
                                                     -----------    -----------
     TOTAL CURRENT PAYABLE                               500,419        500,340

  Deferred compensation                                   29,577
  Reserve for remediation                                 50,000         50,000
  Notes payable stockholders                              40,547
  Debentures payable                                   1,150,000
                                                     -----------    -----------
     TOTAL  LIABILITIES                                1,770,543        550,340

STOCKHOLDERS' EQUITY

  Common stock                                             8,730          5,507
  Additional paid-in capital                           6,568,570      5,936,739
  Retained earnings (deficit)                         (3,677,761)    (3,013,187)
                                                     -----------    -----------
     TOTAL  STOCKHOLDERS' EQUITY                       2,899,539      2,929,059
                                                     -----------    -----------
        TOTAL LIABILITIES AND
          STOCKHOLDERS' EQUITY                       $ 4,670,082    $ 3,479,399
                                                     ===========    ===========

See accompanying notes to these financial statements.

                                       1
<PAGE>
                        American Soil Technologies, Inc.
                            Statements of Operations
                                   (Unaudited)

                                                    For the three  For the three
                                                    months ended   months ended
                                                    September 30,  September 30,
                                                       2000             1999
                                                    -----------     -----------
REVENUE:
   Soil and water treatment                         $   184,765     $   218,179
   Hauling and miscellaneous sales                       14,143           4,296
   Other revenue                                         10,910
                                                    -----------     -----------
     GROSS REVENUE                                      209,818         222,475

COST OF OPERATIONS:
  Materials and supplies                                 69,381          55,180
  Labor and payroll costs                                73,237          59,437
  Facility costs                                         67,107
  Equipment and maintenance                              30,646          15,923
  Miscellaneous operating costs                           2,212           2,303
                                                    -----------     -----------

     TOTAL COST OF OPERATIONS                           242,583         132,843
                                                    -----------     -----------

GROSS INCOME                                            (32,765)         89,632

Sales and marketing costs                                43,760          16,764
Depreciation and amortization                            37,879          12,100
General and administrative costs                        275,755          65,942
Interest expense                                         26,970             621
Research and development                                  1,958
                                                    -----------     -----------

     SALES AND ADMINISTRATIVE COSTS                     386,322          95,427
                                                    -----------     -----------
                                                       (419,087)         (5,795)

Interest income                                             215
                                                    -----------     -----------
Net loss before provision for income taxes             (418,872)         (5,795)
Income tax credit                                       167,000           2,000
                                                    -----------     -----------

NET (LOSS)                                          $  (251,872)    $    (3,795)
                                                    ===========     ===========

Basic loss per common share (Note 8)                $     (0.03)    $      0.00
                                                    ===========     ===========

Weighted average shares outstanding                   8,730,431       5,507,420
                                                    ===========     ===========

See accompanying notes to these financial statements.

                                       2
<PAGE>
                        American Soil Technologies, Inc.
                        Statement of Stockholders' Equity
                                   (Unaudited)

<TABLE>
<CAPTION>
                                        Common Stock           Additional
                                   ------------------------      Paid-in     Accumulated
                                    Shares         Amount        Capital       Deficit         Total
                                   ---------    -----------    -----------   -----------    -----------
<S>                              <C>          <C>            <C>           <C>            <C>
Balance at June 30, 1999           5,507,420    $     5,507    $ 5,936,739   $(3,009,392)   $ 2,932,854
Net loss for the quarter                                                          (3,795)        (3,795)
                                                                             -----------    -----------
Balance at September 30, 1999      5,507,420    $     5,507    $ 5,936,739   $(3,013,187)   $ 2,929,059
                                 ===========    ===========    ===========   ===========    ===========

Balance At  June 30, 2000          8,730,431    $     8,730    $ 6,568,570   $(3,425,889)   $ 3,151,411
Net loss for the quarter                                                        (251,872)      (251,872)
                                                                             -----------    -----------
Balance at  September 30, 2000     8,730,431    $     8,730    $ 6,568,570   $(3,677,761)   $ 2,899,539
                                 ===========    ===========    ===========   ===========    ===========
</TABLE>

              See accompanying notes to these financial statements.

                                       3
<PAGE>
                        American Soil Technologies, Inc.
                             Statements of Cash Flow
                                   (Unaudited)

                                                   For the three  For the three
                                                    months ended   months ended
                                                    September 30,  September 30,
                                                         2000          1999
                                                      ---------      ---------
CASH FLOW FROM OPERATING ACTIVITIES:
NET LOSS                                              $(251,872)     $  (3,795)
Items not requiring cash
  Amortization and depreciation                          37,879         12,100
  Benefit on income tax credit                         (167,000)        (2,000)
                                                      ---------      ---------
Cash flow provided/(used) by operations                (380,993)         6,305

ADJUSTMENTS TO RECONCILE NET LOSS TO
  NET CASH USED BY OPERATING ACTIVITIES
  CHANGES IN ASSETS AND LIABILITIES:
  (Increase)/decrease in accounts receivable             61,771       (308,041)
  (Increase)/decrease in inventory                       24,067        (44,227)
  Decrease in other assets                              126,511
  (Decrease) in accounts payable                       (200,586)       (64,507)
  Increase in accrued expenses                           37,435
  Increase in deferred income                           288,575        320,811
                                                      ---------      ---------

     Total Adjustments                                  173,827         67,982
                                                      ---------      ---------
Net cash flow provided/(used) by
  operating activities                                 (207,166)        74,287

CASH FLOW USED BY INVESTING ACTIVITIES:
  Addition of property, plant & equipment                (4,992)       (32,939)
                                                      ---------      ---------

     Total cash flow used by investing activities        (4,992)       (32,939)
                                                      ---------      ---------
CASH FLOW FROM FINANCING ACTIVITIES:

  Issuance of debentures                                150,000
  Advances from stockholders                                            50,000
                                                      ---------      ---------

     Total cash flow from financing activities          150,000         50,000
                                                      ---------      ---------
Net increase/(decrease) in cash                         (62,158)        91,348

Cash at beginning of period                             124,352         35,682
                                                      ---------      ---------
Cash at end of period                                 $  62,194      $ 127,030
                                                      =========      =========

See accompanying notes to these financial statements.

                                       4
<PAGE>
                        AMERICAN SOIL TECHNOLOGIES, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE 1 - THE COMPANY

American Soil Technologies,  Inc.,  formerly Soil Wash Technologies,  Inc., (the
"Company")  was  incorporated  in California  on September  22, 1993.  Effective
December 31, 1999 the Company completed the reverse  acquisition and acquisition
described  herein and  changed  its name from Soil Wash  Technologies,  Inc.  to
American  Soil  Technologies,  Inc. and changed its state of domicile to Nevada.
Until January 1, 2000 the Company operated as Soil Wash Technologies, Inc.

NOTE 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The  summary  of  significant  accounting  policies  is  presented  to assist in
understanding the Company's financial  statements.  The financial statements and
notes are representations of the Company's management. Management is responsible
for their  integrity.  These accounting  policies conform to generally  accepted
accounting  principles and have been consistently  applied in the preparation of
the financial statements.

LINE OF BUSINESS

The Company is primarily engaged in non-hazardous soil and water remediation for
commercial  business and as of January 1, 2000 the  production  and sale of soil
enhancement products of the agricultural community.

REVENUE RECOGNITION

For remediation products revenue is recognized upon completion of the processing
cycle and freight  upon  shipment by the  independent  trucking  company or upon
completion of the services and is fully earned.  Revenue is recognized  from the
soil  enhancement  products  upon  sale and  shipment,  or if the sale  includes
installation, upon completion of the installation process.

ACCOUNTS RECEIVABLE

The  Company  provides   allowances  against  accounts  receivable  to  maintain
sufficient reserves to cover anticipated losses.

INVENTORY

Inventory is stated at the lower of cost or market,  generally being  determined
on a first-in,  first-out basis. Inventory consists of materials consumed in the
soil and water remediation  process, and finished products and raw materials for
sale by the agricultural division

                                       5
<PAGE>
                        AMERICAN SOIL TECHNOLOGIES, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

PROPERTY, PLANT AND EQUIPMENT

Depreciation  has  been  provided  on the  same  basis  for  tax  and  financial
accounting  purposes using the straight-line,  accelerated and declining balance
methods. The estimated useful lives of the assets are as follows:

     Production equipment                           7-10 years
     Office equipment, furniture and fixtures       5-10 years
     Vehicles                                       3 years
     Leasehold improvements                         3-10 years

PATENTS

Patents  acquired in the purchase  transaction  are being  amortized  over their
estimated useful lives of seventeen years on a straight-line basis.

INCOME TAXES

The Company  provides for income taxes in accordance with Statement of Financial
Accounting Standards No. 109 (SFAS 109), "Accounting for Income Taxes." SFAS 109
requires the recognition of deferred tax liabilities and assets for the expected
future tax consequences of temporary differences between the financial statement
carrying amounts and the tax basis of assets and liabilities.

NOTE 3 - PROPERTY, PLANT AND EQUIPMENT AND PATENTS

Depreciation  and  amortization  of property,  plant and equipment for the three
months ended September 30, 2000 and 1999 is $27,890 and $12,100, respectively.

Property plant and equipment consist of the following:

                                                    September 30,  September 30,
                                                        2000            1999
                                                     -----------    -----------
Production equipment                                 $   920,051    $   890,015
Office equipment, furniture and fixtures                  70,473         53,045
Vehicles                                                  95,872         46,332
Leasehold improvements                                   528,793        528,793
                                                     -----------    -----------
                                                       1,615,189      1,518,185

Less accumulated depreciation and amortization          (940,308)      (826,697)
                                                     -----------    -----------
                                                     $   674,881    $   691,488
                                                     ===========    ===========

Amortization  of capitalized  patent costs for the three months ended  September
30, 2000 was $9,989.

                                       6
<PAGE>
                        AMERICAN SOIL TECHNOLOGIES, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE 4 - CONVERTIBLE DEBENTURES

In March,  2000,  the  Company  authorized  the  issuance of an  aggregate  of $
1,325,000  of  convertible  debentures  with  interest  payable  quarterly at 10
percent per annum. The stock is convertible to stock of the Company at a rate of
one share for each three dollars  converted.  The debentures mature in the first
calendar  quarter of 2002. All of the debentures are subscribed and at September
30,  2000 the  outstanding  balance  of the debt is  $1,150,000.  If all debt is
converted the Company  would issue 441,667 and based on the current  outstanding
balance  383,333  would be  issued if the  holders  elect to  convert.  Interest
expense for the quarter ended September 30, 2000 was $16,028.

NOTE 5 - COMMITMENT AND CONTINGENCIES

The  Company  has  contractual  obligations  for  ongoing  remediation  work for
businesses in its geographical area.

The Company has various operating lease obligations which monthly payments.  The
Company has month to month leases for its plant sites and equipment.  During the
quarters  ended  September 30, 2000 and 1999 the aggregate  lease  payments were
$67,736 and $23,535, respectively. The Company expects the leases to continue or
be replaced and that the ongoing lease costs will approximate that of 2000.

In  conjunction  with  the  lease  of the land  associated  with  the  operating
facilities,  the Company is obligated to remediate  the property to its original
condition.  The  Company  has  provided a reserve to restore  the  property.  At
September  30,  2000 and 1999 the  Company has  reserved  $50,000  and  $50,000,
respectively,  to defray the final cost of lease termination. The lease is month
to month and can be terminated by either party with notice to the other.

NOTE 6 - INCOME TAXES

At September 30, 2000 and 1999,  the Company has  approximately  $5,836,000  and
$4,729,000  of net  operating  losses  available  to offset  future  income  tax
liability.  The reserve for remediation is not deductible for tax purposes until
paid and therefore the Company will have a deduction of the amount actually paid
in the future.  There is no certainty as to the timing of such  recognition  nor
that the Company will be able to fully utilized these differences.

                                       7
<PAGE>
                        AMERICAN SOIL TECHNOLOGIES, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE 6 - INCOME TAXES (continued)

The components of deferred tax assets and liabilities are as follows:

                                                  September 30,   September 30,
                                                       2000           1999
                                                    ----------     ----------
Tax effects of reserves for doubtful accounts,
  deferred compensation and remediation             $   60,000     $   42,200
Tax effects of carryforward benefits:
     Net operating loss carryforwards                2,314,000      1,892,000
                                                    ----------     ----------
Tax effects of carryforwards
Tax effects of future taxable differences and
  carryforwards                                      2,364,000      1,933,200
                                                    ----------     ----------
     Net deferred tax asset                         $2,364,000     $1,933,200
                                                    ==========     ==========

Realization of the net deferred tax assets is dependent on generating sufficient
taxable income prior to their expiration.  Tax effects are based on a 8.8% state
and  34.0%  federal  income  tax  rates for a net  combined  rate of 39.8%.  The
realized net operating losses expire over the next 20 years, as follows:

     Expiration                              Amount
     ----------                              ------
     2008                                  $  130,000
     2009                                   1,074,000
     2010                                   1,058,000
     2011                                   1,016,000
     2012                                     915,000
     2018                                     510,000
     2019                                     156,000
     2020                                     558,000
     2021                                     419,000
                                           ----------
     Total                                 $5,836,000
                                           ==========

Management  believes  that it is more  likely  than not that  the  Company  will
realize the  benefits of the deferred  tax credits  before each expires  through
2021,  therefore,  no valuation  reserve has been  provided for this against the
asset.

NOTE 7 - COMMON STOCK

At September 30, 2000, the Company has 8,730,431 after the issuance of 3,215,511
on December 31, 1999 for the  acquisitions  described  herein,  5,507,420 shares
outstanding  as a result of the stock split at December 31, 1999 and exercise by
the holder of 7,500  shares in May,  2000.  The  Company has  25,000,000  shares
authorized.  The outstanding shares were increased by a stock split of 45.90 for
1 to the original  stockholders  of the Company and the Company  changed the par
value per share to  $0.001.  In  accordance  with SFAS 128,  this split has been
retroactively recorded as of July 1, 1998.  Additionally,  the capitalization of
notes and advances payable to shareholders has retroactively been capitalized in
the amount of $5,451,129 as part of that same transaction.

                                       8
<PAGE>
                        AMERICAN SOIL TECHNOLOGIES, INC.
                          NOTES TO FINANCIAL STATEMENTS

NOTE 8 - LOSS PER COMMON SHARE

Loss per share of common stock has been computed  based on the weighted  average
number of shares  outstanding.  As of September 30, 2000 and 1999,  the weighted
average number of shares  outstanding after giving effect to the stock split was
8,730,431 and 5,507,420, respectively. There were no dilutive items outstanding,
therefore, basic and diluted loss per share are the same.

NOTE 9 - REORGANIZATION AND ACQUISITION

On November 24, 1999,  the Company  entered into an exchange  agreement  for the
reverse  acquisition of New Directions  Manufacturing,  Inc. ("New  Directions")
wherein New  Directions  would  acquire the assets of the Company and change its
name to American Soil  Technologies,  Inc. This exchange agreement was effective
as of the close of business on  December  31,  1999.  Under the  agreement,  New
Directions  would  sell to one of its  directors  the  operating  subsidiary  in
exchange for the  cancellation of options and the shareholders of New Directions
would  receive  one  share  of  the  Company  for  each  fifteen  shares  of New
Directions.  The existing officers and directors of New Directions  resigned and
officers and directors nominated by the Company were appointed.

In addition,  effective  as of the close of business on December  31, 1999,  the
Company  acquired in exchange for 2,360,323 shares of stock the operating assets
of the Polymers Plus, L.L.C.  ("Polymers")  including its licenses,  patents and
contracts.

The purchase method of accounting was performed on New Directions and the assets
and  liabilities of Polymers based on the fair market value oat the  transaction
date. The valuation of New Directions and Polymers,  including transaction costs
estimated  at  $100,000  was  $627,553 A summary  of the assets and  liabilities
acquired, at December 31, 1999 were as follows:

Assets:
  Inventory                                                           $  25,380
  Deposits and prepaid expenses                                           3,973
  Property, plant and equipment                                          66,870
  Patents, licenses and rights                                          676,435
  Other assets                                                            5,925
                                                                      ---------
     Total Assets                                                       778,583

Liabilities:
  Current liabilities                                                  (110,483)
  Long-term liabilities                                                 (40,547)
                                                                      ---------
  Fair value of acquisitions                                          $ 627,553
                                                                      =========

In  conjunction  with these  acquisitions,  the Company  issued and aggregate of
3,215,511  shares of its common stock to  shareholders  of New Directions and to
Polymers and to consultants and promoters.

                                       9
<PAGE>
                        AMERICAN SOIL TECHNOLOGIES, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE 9 - REORGANIZATION AND ACQUISITION (continued)

As a result of the closing of these  acquisitions  on  December  31,  1999,  the
accompanying  financial  statements  do not include the results of operations of
the acquired  entities for any period.  The unaudited pro forma  financial  data
does not  purport  to  represent  what the  Company's  results  from  continuing
operations  would actually have been had the transactions in fact occurred as of
an earlier date, or project the results for any future date or period.

                                                                   September 30,
Pro Forma (unaudited)                                                  1999
                                                                   -----------
Revenue                                                            $   236,706
Cost of goods sold                                                     140,196
                                                                   -----------
  Gross profit                                                          96,510

Expenses
   Selling, general and administrative                                (137,187)
   Interest expense                                                       (621)
                                                                   -----------
Loss from Operations                                                   (41,298)
Tax Benefit                                                             16,000
                                                                   -----------
Net income (Loss)                                                  $   (25,298)
                                                                   ===========

Loss per share                                                     $     (0.01)
                                                                   ===========
Weighted average number of shares                                    8,724,806
                                                                   ===========

                                       10
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

     The following  discussion and analysis  should be read in conjunction  with
the  Company's  financial  statements,  including the notes  thereto,  appearing
elsewhere in this Report.

FORWARD-LOOKING STATEMENTS

     THIS QUARTERLY REPORT ON FORM 10-QSB CONTAINS STATEMENTS RELATING TO FUTURE
RESULTS OF THE COMPANY (INCLUDING CERTAIN  PROJECTIONS AND BUSINESS TRENDS) THAT
ARE "FORWARD-LOOKING STATEMENTS" AS DEFINED IN THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE PROJECTED AS
A RESULT OF  CERTAIN  RISKS AND  UNCERTAINTIES,  INCLUDING  BUT NOT  LIMITED  TO
CHANGES IN POLITICAL AND ECONOMIC  CONDITIONS;  DEMAND FOR AND MARKET ACCEPTANCE
OF NEW AND EXISTING PRODUCTS, AS WELL AS OTHER RISKS AND UNCERTAINTIES  DETAILED
FROM TIME TO TIME IN THE FILINGS OF THE COMPANY WITH THE SECURITIES AND EXCHANGE
COMMISSION.

(a) OVERVIEW

     American Soil Technologies,  Inc. began business as Soil Wash Technologies,
Inc. in  September  1993 to develop and provide  nonhazardous  soil  remediation
services to businesses  and developers in southern  California.  On December 31,
1999, the Company  acquired the patents and operating  rights to certain polymer
based soil enhancements  designed to increase production and reduce costs to the
agriculture industry. Prior to this acquisition, there was no infrastructure for
sales,  marketing and distribution of the polymer product.  During the last half
of fiscal year ended June 30, 2000, the Company devoted  substantial  resources,
including   executive   time  and  money,   to  the   development  of  strategic
relationships  and contracts for the marketing and  distribution  of its polymer
products both nationally and world-wide.

(b) RESULTS OF OPERATIONS

     The  following  table  sets  forth,  for the  periods  indicated,  selected
financial information for the Company:

                                         Three Months Ended  Three Months Ended
                                         September 30, 2000  September 30, 1999
                                             (Unaudited)        (Unaudited)
                                             -----------        -----------
Statement of Operations Date
  Revenue                                     $ 209,818          $ 222,475
  (Net Loss)                                  $(251,872)         $  (3,795)
  (Net Loss) per Share                        $   (0.03)         $    0.00

                                       11
<PAGE>
                                         Three Months Ended  Three Months Ended
                                         September 30, 2000  September 30, 1999
                                             (Unaudited)        (Unaudited)
                                             -----------        -----------
Balance Sheet Data
  Current Assets                              $   940,127        $   828,372
  Total Property & Equipment, Net             $   674,881        $   691,488
  Patents, Net                                $   649,251
  Deferred Tax Asset                          $ 2,374,000        $ 1,933,200
Total Assets                                  $ 4,670,082        $ 3,479,399
  Total Current Liabilities                   $   500,419        $   500,340
  Accumulated Deficit                         $(3,677,761)       $(3,013,187)
Stockholders' Equity                          $ 2,899,539        $ 2,929,059

THREE MONTHS ENDED SEPTEMBER 30, 2000 (UNAUDITED) COMPARED TO THREE MONTHS ENDED
SEPTEMBER 30, 1999 (UNAUDITED)

REVENUES

     Revenues  for the three  months  ended  September  30,  2000 were  $209,818
compared to $222,475  for the same  period in 1999.  Revenue  from the Soil Wash
Division for the three months ended September 30, 2000 were $202,798 compared to
$209,818 for the same period in 1999.  Revenue from the  Agriblend  Division for
the three months ended  September  30, 2000 were $7,020  compared to its revenue
prior to the  acquisition  by the  Company  during  the same  period  in 1999 of
$14,231.

COST OF SALES

     Cost of goods sold for the Soil Wash Division  increased  from $132,843 for
the three months ended September 30, 1999 to $238,325 for the three months ended
September 30, 2000, while representing an increase as a percentage of sales from
60% to 120%. Cost of goods sold for the Agriblend Division decreased from $7,353
for the three  months  ended  September  30, 1999 to $4,258 for the three months
ended  September  30, 2000,  while  representing  an increase as a percentage of
sales from 52% to 61% of the preacquisition activity for the 1999 period.

INVENTORY

     The Company believes that adequate  supplies of raw materials are available
to meet its current  and  anticipated  requirements  without  disruption  of its
delivery chain.  The Company intends to add additional  storage and distribution
facilities to the Agriblend  Division as necessary to  accommodate  increases in
sales, provide for timely delivery and maintain an efficient supply process.

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<PAGE>
OPERATING EXPENSES

     Operating  expenses  increased  305% over the same  period  in 1999.  These
increases  are  due  to  the  Company's   efforts  in  putting  in  place  sales
representatives,  employees and agents for the Agriblend  Division to expand its
sales base,  legal fees related to expanding  its patent  rights,  and increased
costs,  including  employees,  of  operating  a  multi-site,   multi-disciplined
business.  These increases  began in the second quarter as the Company  explored
the  acquisition  related to the Agriblend  business,  and increased  during the
third and  fourth  quarters  as the  Company  was  establishing  its base  sales
network.  On an annual basis, the Company expects that these costs will increase
based  on  a  full  year  of  operations  of  the  Agriblend  Division  but  the
relationship  as a  percentage  of sales should  decline as the  expected  sales
volume increases annually. Likewise, on an annual basis the administrative costs
are expected to increase as a full year of operations  are  experienced  for the
two divisions and costs associated with public companies are incurred.  Interest
expense is expected to increase in the next year as a result of the  interest on
the convertible debentures is incurred for a full year rather than approximately
one quarter and the balance of the debentures are funded and interest is paid on
the increased balance.

INCOME TAXES

     The Company has  recognized  an income tax benefit of its current and prior
operating  losses  based  on the  Company's  expectation  that it  will  realize
sufficient income in the future,  the next twenty years, to utilize the benefits
of the net operating  loss  carryforward  and therefore  reduced cash outlay for
taxes in future periods.

NET LOSS

     The Company  experienced  a net loss of $251,872 for the three months ended
September  30,  2000 as  compared  to a net loss of $3,795 for the three  months
ended September 30, 1999.

SEASONALITY

     The Soil  Wash  Division  does not  experience  seasonal  fluctuation.  The
efforts of the  Agriblend  Division  in the United  States  have  focused on the
southern  states and therefore  generally  experience year round growing cycles,
with the sale of the  Agriblend  product  preceding the growing cycle of various
crops.  International  sales have not been  sufficient  enough or the geographic
distribution  of sales  concentrated  enough to  determine  if a seasonal  trend
exists although the initial indication is that the Company's markets will become
diverse and  therefore  not indicate  significant  seasonal  variations.  As the
Company expands into the residential and commercial  markets  nationally,  it is
expected that the Company will experience some seasonal declines in sales during
the fall and winter quarters in less temperate climates.

                                       13
<PAGE>
LIQUIDITY AND CAPITAL RESOURCES

     Cash and cash  equivalents  totaled  184,765 and $218,179 at September  30,
2000 and 1999,  respectively.  Net cash used by operations  was $207,166 for the
three  months  ended  September  30,  2000  compared  to net  cash  provided  by
operations of $74,287 for the  comparable  period in 1999. To date,  the Company
has financed its operations principally through the sales activities of the Soil
Wash Division and the placement of Convertible Debentures.  The Company believes
that it has and will  have  sufficient  cash  flow to  continue  its  operations
through June 30, 2001.  The Company  will  consider  both the public and private
sale of securities  and or debt  instruments  for expansion of its operations if
such  expansion  would benefit the overall  growth and income  objectives of the
Company.  Should  sales  growth not  materialize,  the Company may look to these
public and private  sources of financing.  There can be no  assurance,  however,
that the Company can obtain  sufficient  capital on acceptable terms, if at all.
Under such  conditions,  failure to obtain  such  capital  likely  would  affect
adversely the Company's ability to continue as a going concern,  or at a minimum
negatively impact the Company's ability to timely meet its business objectives.

     The Company's  working  capital and other capital  requirements  during the
next  fiscal  year and  thereafter  will  vary  based on a  number  of  factors,
including:  1) the sales  revenue  generated by the Agriblend  Division;  2) the
level of sales and  marketing  activities  related  to  domestic  sales from the
Agriblend  Division;  3) the level of distributor support related to development
of international sales associated with the Agriblend Division and; 4) continuing
delivery of contaminated soil to and revenue from the Soil Wash Division.

     There can be no  assurance  that  additional  public or private  financing,
including  debt or  equity  financing,  will be  available  as  needed,  or,  if
available,  on terms favorable to the Company.  Any additional  equity financing
may be dilutive to shareholders and such additional  equity  securities may have
rights,  preferences  or  privileges  that are senior to those of the  Company's
existing common stock.  Furthermore,  debt financing, if available, will require
payment of interest  and may involve  restrictive  covenants  that could  impose
limitations  on the  operating  flexibility  of the Company.  The failure of the
Company to  successfully  obtain  additional  future  funding may jeopardize the
Company's ability to continue its business and operations.

                                       14
<PAGE>
PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

     Polymers Plus and the Company have been named in an arbitration  brought by
Blaine Vince in which the claimant alleges damages of approximately $50,000. The
Company is indemnified  by Polymers Plus for this matter  because  Polymers Plus
did not disclose the action to the Company.  Further,  management of the Company
believes that the Company should not be named in this action because the Company
only acquired Polymers Plus' rights in Ron Salestrom's  patents, Ron Salestrom's
Employment  Agreement,  and accounts  payable that were reported to the Company.
Accordingly, the Company has refused to participate in the Arbitration.

     To the best knowledge of management,  there are no other legal  proceedings
pending or threatened against the Company.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

     None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

     None.

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

     None.

ITEM 5. OTHER INFORMATION

     None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

     The following documents are filed as part of this report:

     1.   The following Exhibits are filed herein:

          27.1  Financial Data Schedule

     2.   Reports on Form 8-K filed:

          None.

                                       15
<PAGE>
                                   SIGNATURES

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

                                        AMERICAN SOIL TECHNOLOGIES, INC.


DATED: November 14, 2000                By: /s/ Neil C. Kitchen
                                           -------------------------------------
                                           Neil C. Kitchen,
                                           President, Chief Executive Officer

                                        By: /s/ Sean Lee
                                           -------------------------------------
                                           Sean Lee,
                                           Chief Financial Officer

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