U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   Form 10-QSB

                             Quarterly Report Under
                       the Securities Exchange Act of 1934

                      For Quarter Ended: June 30, 2001

                         Commission File Number: 0-29987

                               UNITED TRADING.COM
        (Exact name of small business issuer as specified in its charter)

      Nevada                                    88-0106514
      ------                                    ----------
(State  or  other  jurisdiction  of           (IRS  Employer
incorporation  or  organization)          Identification  No.)


                          19762 MacArthur Blvd., # 300
                               Irvine, California
                    (Address of principal executive offices)

                                      92612
                                   (Zip Code)

                                 (949)  553-9660
                                 ---------------
                           (Issuer's Telephone Number)


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


Check  whether  the  issuer  (1)  filed  all  reports  required  to  be filed by
Section13  or  15(d)  of  the Securities Exchange Act of 1934 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  [  ].
    ---     ---

The  number  of shares of the registrant's only class of common stock issued and
outstanding,  as  of  June 30, 2001,  was  41,208,104  shares.

                                        1
<PAGE>

                                     PART I

ITEM  1.   FINANCIAL  STATEMENTS.

The  unaudited  financial  statements  for the three month and six month periods
ended June 30, 2001,  are  attached  hereto.

                                        2
<PAGE>
<TABLE>
<CAPTION>

                               UNITED TRADING.COM
                        (A Development Stage Enterprise)
                                  BALANCE SHEET
                                  June 30, 2001

                            ASSETS
                            ------
                                                    June 30, 2001   Dec. 31, 2000
                                                      (Unaudited)
                                                      ------------  -------------
<S>                                                   <C>           <C>
CURRENT ASSETS
   Cash. . . . . . . . . . . . . . . . . . . . . . .  $     5,381      21,975
   Current portion of contacts receivable (Note 2) .            -     270,000
   Deposits. . . . . . . . . . . . . . . . . . . . .            -      25,000
                                                      ------------  ----------

Total Current Assets . . . . . . . . . . . . . . . .        5,381     316,975
                                                      ------------  ----------

PROPERTY AND EQUIPMENT
   Fixed Assets (Net of depreciation of
     $     4,862)                                               -      13,958
                                                                    ----------

      Total Property and Equipment . . . . . . . . .            -      13,958
                                                      ------------  ----------

OTHER ASSETS
   Contracts receivable. . . . . . . . . . . . . . .            -     270,000
   Software for Licensing  (net of
      amortization of none and $58,334) (Note 3) . .            -     575,884
                                                      ------------  ----------

                                                                -     845,884
                                                      ------------  ----------

      Total Assets . . . . . . . . . . . . . . . . .  $     5,381   1,176,817
                                                      ============  ==========


                 Liabilities and Shareholder Equity

CURRENT LIABILITIES. . . . . . . . . . . . . . . . .            -           -

OTHER LIABILITIES
   Advances/deposits . . . . . . . . . . . . . . . .            -      91,300
   Deferred income taxes (Note 4). . . . . . . . . .            -      40,000
                                                      ------------  ----------

                                                                -     131,300
                                                      ------------  ----------

STOCKHOLDERS' EQUITY
   Common Stock Par value $0.001 (50,000,000 shares
     authorized, 41,208,104,and 41,208,104 issued
     and outstanding). . . . . . . . . . . . . . . .       41,208      41,208
   Additional Paid-in Capital. . . . . . . . . . . .    1,131,771   1,131,771
   Retained Deficit - accumulated during
      Development Stage. . . . . . . . . . . . . . .   (1,167,598)   (127,463)
                                                      ------------  ----------

   Total Stockholders' Equity. . . . . . . . . . . .        5,381   1,045,516
                                                      ------------  ----------

      Total Liabilities and
              Stockholders' Equity . . . . . . . . .  $     5,381   1,176,816
                                                      ============  ==========


See accompanying notes to financial statements
</TABLE>
                                       3
<PAGE>

<TABLE>
<CAPTION>

                                UNITED TRADNG.COM
                         (A Development Stage Enterprise)
                              STATEMENT OF OPERATIONS
                                   (Unaudited)

                                                  Three Months     Three Months
                                                     Ended            Ended
                                                  June 30, 2001    June 30, 2000
                                                 ---------------  ---------------
<S>                                              <C>              <C>
REVENUES. . . . . . . . . . . . . . . . . . . .  $            -   $            -

EXPENSES

   General and Administrative . . . . . . . . .           5,091           20,231
   Loss from write-down of software . . . . . .         538,492                -
   Loss from write-down of notes receivable . .         406,067                -
   Depreciation and Amortization. . . . . . . .          32,396            1,301
                                                 ---------------  ---------------

      Total Expenses. . . . . . . . . . . . . .         982,046           21,532
                                                 ---------------  ---------------

Net Pre-Tax Income (Loss) . . . . . . . . . . .  $     (982,046)  $      (21,532)
                                                 ---------------  ---------------

Income Taxes (Note 4) . . . . . . . . . . . . .          16,000                -
                                                 ---------------  ---------------

Net Income (Loss) . . . . . . . . . . . . . . .  $     (966,046)  $      (21,532)
                                                 ===============  ===============


Net Income (loss) per
    Common Share, basic and diluted . . . . . .  $       (0.023)  $       (0.001)
                                                 ===============  ===============


Weighted Average number of Common
   Shares outstanding, basic and diluted
   adjusted for 1/50 reverse split in 1999
   and 3 for one forward split in 2000. . . . .      41,208,104       29,234,292
                                                 ===============  ===============

See accompanying notes to financial statements

</TABLE>
                                       4
<PAGE>

<TABLE>
<CAPTION>

                                        UNITED TRADING.COM
                                 (A Development Stage Enterprise)
                                      STATEMENT OF OPERATIONS
                                            (Unaudited)
                                                                                     Inception
                                                   Six Months       Six Months     December 31, 1994
                                                      Ended            Ended            Thru
                                                  June 30, 2001    June 30, 2000    June 30, 2001
                                                 ---------------  ---------------  ---------------
<S>                                              <C>              <C>              <C>
REVENUES

   Consulting fees. . . . . . . . . . . . . . .  $            -   $            -   $      544,894
   Sales. . . . . . . . . . . . . . . . . . . .               -                -          770,000
   Interest Income. . . . . . . . . . . . . . .               -                -            3,764
                                                 ---------------  ---------------  ---------------

      Total Revenues. . . . . . . . . . . . . .               -                -        1,318,658

EXPENSES

   General and Administrative . . . . . . . . .          70,785           38,982        1,031,725
   Allowance for Uncollectable Debt . . . . . .               -                -          160,937
   Loss from write-down of software . . . . . .         538,492                -          538,492
   Loss from write-down of notes receivable . .         406,067                -          406,067
   Depreciation and Amortization. . . . . . . .          64,792            1,975          164,508
                                                 ---------------  ---------------  ---------------

      Total Expenses. . . . . . . . . . . . . .       1,080,136           40,957        2,301,729
                                                 ---------------  ---------------  ---------------

Net Pre-Tax Income (Loss) . . . . . . . . . . .  $   (1,080,136)  $      (40,957)  $     (983,071)

   Income Taxes (Note 4). . . . . . . . . . . .          40,000                -                -
                                                 ---------------  ---------------  ---------------

Net Income (Loss) After Taxes . . . . . . . . .  $   (1,040,136)  $      (40,957)  $     (983,071)
                                                 ===============  ===============  ===============

Net Income (loss) per
    Common Share, basic and diluted . . . . . .         ($0.025)         ($0.001)         ($0.271)
                                                 ===============  ===============  ===============

Weighted Average number of Common
   Shares outstanding, basic and diluted
   adjusted for 1/50 reverse split in 1999
      and 3/1 forward spit in October, 2000 . .      41,208,104       38,992,947        3,628,099
                                                 ===============  ===============  ===============


See accompanying notes to financial statements

</TABLE>
                                       5
<PAGE>

<TABLE>
<CAPTION>

                                         UNITED TRADING.COM
                                  (A Development Stage Enterprise)
                                      STATEMENT OF CASH FLOWS
                                            (Unaudited)

                                                                                       Inception
                                                    Six Months       Six Months       Dec 31, 1994
                                                       Ended            Ended             Thru
                                                   June 30, 2001    June 30, 2000    June 30, 2001
                                                  ---------------  ---------------  ---------------
<S>                                               <C>              <C>              <C>

OPERATING ACTIVITIES
----------------------------------
Net Income (Loss). . . . . . . . . . . . . . . .  $   (1,040,136)  $      (40,957)     ($1,167,599)
Adjustments to reconcile Net Loss to Cash
      provided (used) by operating activities:
   Depreciation and Amortization . . . . . . . .          64,792            1,975          140,963
   Loss on disposal of office Furniture & Equip.          10,258                -           15,972
   Loss on write-off of software for license . .         538,492                -          538,492
   loss on cancellation of notes receivable. . .         406,067                -          406,067
   Changes in operating assets and liabilities:
   Decrease (increase) in Deferred
      Offering Costs . . . . . . . . . . . . . .               -           15,550                -
   Increase (decrease) in Accounts Payable . . .               -          (27,083)               -
   (Increase) decrease in Receivable from
      Software License Sales . . . . . . . . . .         133,933                -         (406,067)
   Increase (decrease) in Advance License Fees .         (91,300)               -                -
   (Increase) decrease in Deposits . . . . . . .          25,000           50,000                -
   Increase (decrease) in Deferred Taxes . . . .         (40,000)               -                -
                                                  ---------------  ---------------  ---------------

Net cash provided by Operating Activities. . . .           7,106             (515)        (472,172)
                                                  ---------------  ---------------  ---------------

INVESTMENT ACTIVAITIES
--------------------------------------
   Decrease (increase) in Property and
      Equipment. . . . . . . . . . . . . . . . .               -           (2,346)         (36,318)
   Decrease (increase) in Software for
      License. . . . . . . . . . . . . . . . . .         (27,399)        (391,131)        (661,617)
  Decrease (increase) in  Organization Costs . .               -                -           (1,191)
                                                  ---------------  ---------------  ---------------

Net cash (used) by Investment activities . . . .         (27,400)        (393,477)        (699,126)
                                                  ---------------  ---------------  ---------------

FINANCING ACTIVITIES
---------------------------------
   Disposal of Office Furniture & Equip. . . . .           3,700                -            3,700
   Increase (decrease) in Common Stock . . . . .               -          430,450        1,172,979
                                                  ---------------  ---------------  ---------------

Net cash provided by Financing Activities. . . .           3,700          430,450        1,176,679
                                                  ---------------  ---------------  ---------------

Increase (decrease) in Cash. . . . . . . . . . .         (16,594)          36,458            5,381

Cash at Beginning of Period. . . . . . . . . . .          21,975            3,458                -
                                                  ---------------  ---------------  ---------------

Cash at End of Period. . . . . . . . . . . . . .  $        5,381   $       39,916   $        5,381
                                                  ===============  ===============  ===============


See accompanying notes to financial statements

</TABLE>

                                        6
<PAGE>


                               UNITED TRADING.COM
                        (A Development Stage Enterprise)
                          NOTES TO FINANCIAL STATEMENTS
                                March 31, 2001


NOTE  1  -  Basis  of  Presentation
            ------------------------
The accompanying consolidated balance sheet of United Trading.Com (A Development
Stage  Company)  at June 30, 2001, and the consolidated statements of operations
for  the  three month and six month periods ended June 30, 2000 and 2001 and the
cumulative  period  during  the  development stage through June 30, 2001 and the
statements  of  cash  flows for three month and six month periods ended June 30,
2000  and  2001  and  the cumulative period during the development stage through
June  30,  2001,  have been prepared by the Company's management and they do not
include  all  information  of the financial position, results of operations, and
cash  flows  in conformity with generally accepted accounting principles. In the
opinion  of  management,  all  adjustments  considered  necessary  for  a  fair
presentation  of  the  results  of  operations  and financial position have been
included  and  all  such  adjustments  are  of  a  normal  recurring nature. The
unaudited  financial statements should be read in conjunction with the financial
statements  and  footnotes thereto included in the Company's Form 10-KSB for the
year  ended  December  31,  2000.

Operating results for the three month and six month periods ended June 30, 2001,
are  not necessarily indicative of the results that can be expected for the year
ending  December  31,  2001.


NOTE  2  -  Contracts Receivable

The  Company  had 2 contacts each outstanding for the licensed use of its casino
and  sports  book  software  at  March  31, 2001. These contracts were cancelled
effective  June  30,  2001 and replaced by a License Agreement calling for 7 1/2
percent  of the net revenues from the Licensee's use of the Software for its own
account  of from any sub-license of the Software. The Company recorded a loss of
$406,067  from  the  write-off  of  the  contracts.

NOTE  3  -  Software for Licensing

The  Company capitalized costs of developing its Software for Licensing as costs
were  incurred,  and  began  amortizing such costs in the final quarter of 2000.
Amortization  was  also taken in the three and six months ended June 30, 2001 in
the  amounts  of  $32,396  and  64,792 respectively.  The unamortized balance of
expenditures  for  the development of the Software for Licensing was written off
to  expense  effective June 30, 2001 due to the Company's inability to determine
the  future worth of the License for use of the Software. The Company recorded a
loss, net of accumulated Amortization, of $538,492 in the quarter ended June 30,
2001.


Note  4  -  Income Taxes

The Company recorded $40,000 in deferred income taxes in the year ended December
31,  2000  based  on income reported in 2000. Due to losses in the three and six
month periods ended June 30, 2001, these deferred taxes were eliminated; $24,000
in  the  quarter ended March 31, 2001, and $16,000 in the quarter ended June 30,
2001.


                                        7
<PAGE>


ITEM  2.   MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR
             PLAN  OF  OPERATIONS

The  following  discussion  should  be  read  in  conjunction with the Financial
Statements  and  notes  thereto  included  herein.

Malt  Limited,  a  Cook  Islands  corporation,  the holder of a license from the
Company  to  utilize  the company's Casino and Sports Book software informed the
Company  that it has been unable to maintain its Internet connection in the Cook
Islands  and  informed the Company that it would not make any future payments on
its license agreements with the Company. At approximately the same time, In May,
2001,  the  Company's  chief software programmer terminated his association with
the  company.  The  Company  in  attempting  to  maintain  the software programs
retained  outside  consultants  to  continue the maintenance and upgrades to the
software  programs.  Following extensive review, the Company determined that the
cost  of  maintaining  and  upgrading  the  software  was greater than they were
willing  to  expend.  Due  to  this  fact,  the  Company  terminated the License
Agreement  with  Malt  Limited  and  has renegotiated the license agreement with
Recantoazal  for  use of the proprietary Casino and Sports Book software whereby
Recantoazal, the Licensee, will be solely responsible for all future maintenance
and  upgrades  to  the  software in exchange for the Company receiving a royalty
interest  in  any  future  use of the software by the Licensee. Since, under the
newly  negotiated License Agreement, the Company will have no further input into
the  control  or  use  of  the  software,  and is unable to determine the future
economic  value of the License Agreement, the Company has written off to expense
all  past  expenditures  for  the  development  of  the  software (approximately
$538,000).  Also,  under  the newly negotiated License Agreement, effective June
30,  2001,  the  previous  License  Agreements  were  cancelled resulting in the
write-off  of Receivables from Recantoazal in the quarter ended June 30, 2001 in
the  amount  of  $196,000.

Based  on the above facts, the License Agreements with Malt Limited for both the
Casino  and  Sports  Book  software were also cancelled by the Company effective
June  30,  2001  resulting  in the write-off of receivables from Malt Limited of
approximately  $210,000  in  the  quarter  ended  June  30,2001.


The issuer is presently beginning a strategic analysis for determining potential
mergers  and  acquisitions  over  the  next  twelve  months.  Issues  of primary
importance  in  determining  the  right acquisition include (a) industry-leading
technology/viable  business  operation  (b)  strategic  compatibility (c) market
opportunity  (d)  sales  and  earnings (e) original capitalization of the merger
candidate  (f)  additional  capital  required  to  fund  operations (g) existing
management/infrastructure  (h)  competition  and  (i) liabilities and contingent
exposure.  Management  will utilize this analysis to establish target parameters
for  an  acquisition search. Due to existing economic and market conditions, the
timeframe  for  an  initial  merger transaction may extend beyond a twelve-month
period.  The  issuer  anticipates the cash requirements to be minimal during the
acquisition  period.




Forward  Looking  Statements

     In  connection with, and because it desires to take advantage of, the "safe
harbor"  provisions of the Private Securities Litigation Reform Act of 1995, the
Company  cautions  readers  regarding  certain forward looking statements in the
following  discussion  and  elsewhere  in this report and in any other statement
made  by, or on the behalf of the Company, whether or not in future filings with
the  Securities  and  Exchange  Commission.  Forward  looking  statements  are
statements  not  based  on  historical  information  and  which relate to future
operations,  strategies,  financial  results  or  other  developments.  Forward
looking statements are necessarily based upon estimates and assumptions that are
inherently  subject  to  significant  business,  economic  and  competitive
uncertainties  and contingencies, many of which are beyond the Company's control
and  many  of  which,  with respect to future business decisions, are subject to
change.  These  uncertainties  and  contingencies  can affect actual results and
could  cause  actual  results  to  differ materially from those expressed in any
forward  looking  statements made by, or on behalf of, the Company.  The Company
disclaims  any  obligation  to  update  forward  looking  statements.


                                        8
<PAGE>

                           PART II. OTHER INFORMATION

ITEM  1.   LEGAL  PROCEEDINGS  -  NONE

ITEM  2.   CHANGES  IN  SECURITIES

     a)  NONE

     b)  NONE

     c)  There  were  no  sales  of  securities  made by  the Company during the
     three and six month periods ended June 30, 2001.

     d)   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  -

     (a)   Exhibits  -
                10.1  License  Agreement  with Recantoazal for the use of Casino
                and Sports Book Software.

     (b)   Reports  on  Form 8-K:  -  July 24, 2001, Report of additional member
                to the Board of Directors, Mr. James Hancock, and resignation of
                Mr. Norman Wright, President and Director.


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

                              UNITED  TRADING.COM


Date:  August 17,  2001       By:  /James L. Hancock
                                ---------------------------
                                James L. Hancock, President

                                        9
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