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: September 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  September 30, 2001,  was  41,202,947  shares.

                                        1
<PAGE>

                                     PART I

ITEM  1.   FINANCIAL  STATEMENTS.

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

                                        2
<PAGE>
<TABLE>
<CAPTION>

                               UNITED TRADING.COM
                        (A Development Stage Enterprise)
                                  BALANCE SHEET


                            ASSETS
                            ------
                                                    Sept. 30, 2001  Dec. 31, 2000
                                                      (Unaudited)
                                                      ------------  -------------
<S>                                                   <C>           <C>
CURRENT ASSETS
   Cash. . . . . . . . . . . . . . . . . . . . . . .  $     4,728      21,975
   Current portion of contacts receivable (Note 2) .            -     270,000
   Deposits. . . . . . . . . . . . . . . . . . . . .            -      25,000
                                                      ------------  ----------

Total Current Assets . . . . . . . . . . . . . . . .        4,728     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 . . . . . . . . . . . . . . . . .  $     4,728   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, 41,202,947,and 41,208,104 issued
     and outstanding). . . . . . . . . . . . . . . .       41,203      41,208
   Additional Paid-in Capital. . . . . . . . . . . .    1,131,776   1,131,771
   Retained Deficit - accumulated during
      Development Stage. . . . . . . . . . . . . . .   (1,168,251)   (127,463)
                                                      ------------  ----------

   Total Stockholders' Equity. . . . . . . . . . . .        4,728   1,045,516
                                                      ------------  ----------

      Total Liabilities and
              Stockholders' Equity . . . . . . . . .  $     4,728   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
                                                  Sept. 30, 2001   Sept. 30, 2000
                                                 ---------------  ---------------
<S>                                              <C>              <C>
REVENUES. . . . . . . . . . . . . . . . . . . .  $            -   $    1,400,000

EXPENSES

   General and Administrative . . . . . . . . .             652           50,487
   Loss from write-down of software . . . . . .               -                -
   Loss from write-down of notes receivable . .               -                -
   Depreciation and Amortization. . . . . . . .               -           28,399
                                                 ---------------  ---------------

      Total Expenses. . . . . . . . . . . . . .             652           78,886
                                                 ---------------  ---------------

Net Pre-Tax Income (Loss) . . . . . . . . . . .  $         (652)  $    1,321,114
                                                 ---------------  ---------------

Income Taxes (Note 4) . . . . . . . . . . . . .               _         (357,000)
                                                 ---------------  ---------------

Net Income (Loss) . . . . . . . . . . . . . . .  $         (652)  $      964,114
                                                 ===============  ===============


Net Income (loss) per
    Common Share, basic and diluted . . . . . .  $       (0.000)  $        0.025
                                                 ===============  ===============


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. . . . .      41,202,947       38,992,947
                                                 ===============  ===============

See accompanying notes to financial statements

</TABLE>
                                       4
<PAGE>

<TABLE>
<CAPTION>

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

   Consulting fees. . . . . . . . . . . . . . .  $            -   $            -   $      544,894
   Sales. . . . . . . . . . . . . . . . . . . .               -        1,400,000          770,000
   Interest Income. . . . . . . . . . . . . . .               -                -            3,764
                                                 ---------------  ---------------  ---------------

      Total Revenues. . . . . . . . . . . . . .               -        1,400,000        1,318,658

EXPENSES

   General and Administrative . . . . . . . . .          71,437           89,470        1,032,377
   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           30,373          164,508
   Loss from activities of NetBet . . . . . . .               -                -          184,528
                                                 ---------------  ---------------  ---------------

      Total Expenses. . . . . . . . . . . . . .       1,080,788          119,843        2,486,909
                                                 ---------------  ---------------  ---------------

Net Pre-Tax Income (Loss) . . . . . . . . . . .  $   (1,080,788)  $    1,280,157   $   (1,168,251)

   Income Taxes (Note 4). . . . . . . . . . . .          40,000         (357,000)               -
                                                 ---------------  ---------------  ---------------

Net Income (Loss) After Taxes . . . . . . . . .  $   (1,040,788)  $      923,157   $   (1,168,251)
                                                 ===============  ===============  ===============

Net Income (loss) per
    Common Share, basic and diluted . . . . . .         ($0.025)         ($0.028)         ($0.112)
                                                 ===============  ===============  ===============

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 . .      41,202,947       32,510,921       10,397,093
                                                 ===============  ===============  ===============


See accompanying notes to financial statements

</TABLE>
                                       5
<PAGE>

<TABLE>
<CAPTION>

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

                                                                                       Inception
                                                    Nine Months      Nine Months       Dec 31, 1994
                                                       Ended            Ended             Thru
                                                  Sept. 30, 2001   Sept. 30, 2000   Sept. 30, 2001
                                                  ---------------  ---------------  ---------------
<S>                                               <C>              <C>              <C>

OPERATING ACTIVITIES
----------------------------------
Net Income (Loss). . . . . . . . . . . . . . . .  $   (1,040,788)  $      923,157)     ($1,168,251)
Adjustments to reconcile Net Loss to Cash
      provided (used) by operating activities:
   Depreciation and Amortization . . . . . . . .          64,791           30,372          140,962
   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 . . .               -          (27,583)               -
   Increase (decrease) in Income Taxes Payable .               -          202,800                -
   (Increase) decrease in Receivable from
      Software License Sales . . . . . . . . . .         133,933       (1,210,000)        (406,067)
   (Increase) decrease in Other Receivables. . .               -           (2,819)               -
   Increase (decrease) in Advance License Fees .         (91,300)               -                -
   (Increase) decrease in Deposits . . . . . . .          25,000           18,000                -
   Increase (decrease) in Deferred Taxes . . . .         (40,000)         154,200                -
                                                  ---------------  ---------------  ---------------

Net cash provided by Operating Activities. . . .           6,453           103,677        (472,825)
                                                  ---------------  ---------------  ---------------

INVESTMENT ACTIVAITIES
--------------------------------------
   Decrease (increase) in Property and
      Equipment. . . . . . . . . . . . . . . . .               -           (2,411)         (36,318)
   Decrease (increase) in Software for
      License. . . . . . . . . . . . . . . . . .         (27,400)        (477,631)        (661,618)
  Decrease (increase) in  Organization Costs . .               -                -           (1,190)
                                                  ---------------  ---------------  ---------------

Net cash (used) by Investment activities . . . .         (27,400)        (480,042)        (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. . . . . . . . . . .         (17,247)          54,085            4,728

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

Cash at End of Period. . . . . . . . . . . . . .  $        4,728   $       59,543   $        4,728
                                                  ===============  ===============  ===============


See accompanying notes to financial statements

</TABLE>

                                        6
<PAGE>


                               UNITED TRADING.COM
                        (A Development Stage Enterprise)
                          NOTES TO FINANCIAL STATEMENTS
                               September 30, 2001


NOTE  1  -  Basis  of  Presentation
            ------------------------
The accompanying consolidated balance sheet of United Trading.Com (A Development
Stage  Company)  at  September  30,  2001,  and  the  consolidated statements of
operations  for  the three month and nine month periods ended September 30, 2000
and  2001  and  the  cumulative  period  during  the  development  stage through
September  30,  2001  and  the statements of cash flows for three month and nine
month periods ended September 30, 2000 and 2001 and the cumulative period during
the  development  stage  through  September  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 nine month periods ended September 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  or from any sub-license of the Software. The Company recorded a loss of
$406,067 from the write-off of the contracts in the quarter ended June 30, 2000.
No  revenues have been received from the 7 1/2 % net revenues license agreement.

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 7 1/2 % net revenue license agreement 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 first half of
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.

The  Company recorded no revenues and minimal operating expenses for the quarter
ended  September  30,  2001.


The  Company  is  presently  continuing its a strategic analysis for determining
potential  mergers and acquisitions. 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 continues to
utilize  this analysis to establish target parameters for an acquisition search.
Due  to  existing  economic  and market conditions, particularly in light of the
September  11,  2001  terrorist  activities, the timeframe for an initial merger
transaction may extend beyond a twelve-month period. The Company 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 nine month periods ended September 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  None

     (b)   Reports  on  Form 8-K:  None


     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:  _________,  2001       By:  /James L. Hancock
                                ---------------------------
                                James L. Hancock, President

                                        9
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