United States
                       Securities and Exchange Commission
                              Washington, DC 20549

                                  FORM 10Q-SB

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

               For  the  quarterly  period  ended    March  31,  2002
                                                   --------------------

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

            For the transition period from __________ to __________

            Commission file number    0 - 22678
                                   ----------------


                                QuadraComm, Inc.
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)


                Colorado                                84-1193941
      -------------------------------        ---------------------------------
      (State or other jurisdiction of        (IRS Employer Identification No.)
       incorporation or organization)


                 8019 N. Himes Ave., Suite 401, Tampa, FL  33614
                 -----------------------------------------------
                    (Address of principal executive offices)

                                 (813) 496-9191
                          ---------------------------
                          (Issuer's telephone number)

Check  whether  the issuer (1) filed all reports required to be filed by Section
13  or  15(d) of the Exchange Act 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  [ ]


State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  the  last  practicable date: As of May 15, 2002, the Issuer had
23,180,250  shares  of  common  stock,  par  value  $0.001 per share, issued and
outstanding.



Transitional  Small  Business  Disclosure  Format (check  one):  Yes [ ]  No [X]


<PAGE>
<TABLE>
<CAPTION>
                                         TABLE OF CONTENTS


                                                                                             Page
                                                                                             ----
<S>                                                                                          <C>
PART I - FINANCIAL INFORMATION
Item 1.  Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   1

         Independent Accountants Report . . . . . . . . . . . . . . . . . . . . . . . . . . .   1

         Consolidated Balance Sheets as at March 31, 2002 and 2001 (unaudited). . . . . . . .   2

         Consolidated Statements of Operations for the three months ended March 31, 2002 and
         2001 and for the period from January 1, 1996 to March 31, 2002 (unaudited) . . . . .   3

         Consolidated Statement of Changes in Stockholders' Equity (unaudited)  . . . . . . .   4

         Consolidated Statements of Cash Flows for the three months ended March 31, 2002
         and 2001 and for the period from January 1, 1996 to March 31, 2002(unaudited). . . .   5

         Notes to Consolidated Financial Statements (unaudited) . . . . . . . . . . . . . . .   6

Item 2.  Management's Discussion and Analysis or Plan of Operation . . . . . . . . . . . . . .  7

PART II - OTHER INFORMATION

Item 2.  Changes in Securities and Use of Proceeds . . . . . . . . . . . . . . . . . . . . . .  8

Item 5.  Other Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  9

Item 6.  Exhibits and Reports on Form 8-K. . . . . . . . . . . . . . . . . . . . . . . . . . .  9

SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
</TABLE>


<PAGE>
                         PART I - FINANCIAL INFORMATION

ITEM  1.     FINANCIAL  STATEMENTS.

ALESSANDRI  &  ALESSANDRI,  P.A.
CERTIFIED  PUBLIC  ACCOUNTANTS
--------------------------------------------------------------------------------


                        INDEPENDENT ACCOUNTANTS' REPORT


QuadraComm,  Inc.  and  Subsidiaries
Tampa,  Florida


     We have reviewed the accompanying consolidated balance sheets of
QuadraComm, Inc. and Subsidiaries ("Company") as of March 31, 2002 and 2001 and
the related consolidated statements of operations, stockholders' equity, and
cash flows for the three month period then ended, in accordance with Statements
on Standards for Accounting and Review Services issued by the American Institute
of Certified Public Accountants. All information included in these financial
statements is the representation of the management of QuadraComm, Inc. and
Subsidiaries.

     A review consists principally of inquiries of Company personnel and
analytical procedures applied to financial data. It is substantially less in
scope than an audit in accordance with generally accepted auditing standards,
the objective of which is the expression of an opinion regarding the financial
statements taken as a whole. Accordingly, we do not express such an opinion.

     Based on our review, we are not aware of any material modifications that
should be made to the accompanying financial statements in order for them to be
in conformity with accounting principles generally accepted in the United States
of America.

     As discussed in Note 2 to the condensed financial statements, certain
conditions indicate that there is substantial doubt about the Company's ability
to continue as a going concern. The accompanying condensed financial statements
do not include any adjustments that might result from the outcome of this
uncertainty.



                                        /s/  ALESSANDRI  &  ALESSANDRI,  P.A.


May  29,  2002

--------------------------------------------------------------------------------

                            Accountants & Consultants
              5121 Ehrlich Road  Suite 107-B  Tampa, Florida 33624
                       (813) 969-1995  Fax (813) 960-2740
Member: American Institute of Certified Public Accountants/Division of CPA Firms
            Member: Florida Institute of Certified Public Accountants


                                     Page 1
<PAGE>
<TABLE>
<CAPTION>
                                        QUADRACOMM, INC. AND SUBSIDIARIES
                                    (FORMERLY P.M. MANAGEMENT SYSTEMS, INC.)
                                          (A DEVELOPMENT STAGE COMPANY)
                                           CONSOLIDATED BALANCE SHEETS
                                             MARCH 31, 2002 AND 2001
===========================================================================================================



                                                                                     2002          2001
                                                                                 ------------  ------------
<S>                                                                              <C>           <C>
                                          ASSETS

CURRENT ASSETS
  Cash                                                                           $       523   $     1,279
  Inventory                                                                            1,277         3,765
                                                                                 ------------  ------------
                   Total Current Assets                                                1,800         5,044
                                                                                 ------------  ------------
EQUIPMENT & FURNITURE
  Office Equipment & Furniture (net of depreciation of $13,766)                       35,435        39,290
                                                                                 ------------  ------------

OTHER ASSETS
  Miscellaneous Advances, Assets, & Technology  (less allowances of $516,779)              1             1
  Deposits and other                                                                  16,824        16,809
                                                                                 ------------  ------------
                   Total Other Assets                                                 16,825        16,810
                                                                                 ------------  ------------

                          TOTAL                                                  $    54,060   $    61,144
                                                                                 ============  ============



                             LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Accounts Payable                                                                   344,589       512,786
  Accrued Expenses                                                                   781,258
  Other Liabilities                                                                   79,032
  Notes Payable                                                                      104,833       106,193
                                                                                 ------------  ------------
                   Total Liabilities                                               1,309,712       618,979
                                                                                 ------------  ------------

STOCKHOLDERS' EQUITY
   Preferred stock-No par value in 1999; $.001par value per share in 2002
     10,000,000 shares authorized; no shares issued in 2002
  Common Stock - No par value in 1999; $.001 par value in 2002
    100,000,000 shares authorized; shares issued and outstanding
    24,285,172 and 24,045,172, respectively                                           24,285         7,655
   Paid-in Capital                                                                 2,024,867       508,545
  Deficit accumulated during the development stage                                (3,304,804)   (1,074,035)
                                                                                 ------------  ------------
                   Total Stockholders' Equity                                     (1,255,652)     (557,835)
                                                                                 ------------  ------------

                          TOTAL                                                  $    54,060   $    61,144
                                                                                 ============  ============
</TABLE>


                       See Notes to Financial Statements.


                                     Page 2
<PAGE>
<TABLE>
<CAPTION>
                             QUADRACOMM, INC. AND SUBSIDIARIES
                          (FORMERLY P.M. MANAGEMENT SYSTEMS, INC.)
                               (A DEVELOPMENT STAGE COMPANY)
                            CONSOLIDATED STATEMENT OF OPERATIONS
                    FOR THE THREE MONTH PERIODS ENDED MARCH 31, 2002 AND 2001
                 AND FOR THE PERIOD FROM JANUARY 1, 1996 TO MARCH 31, 2002
======================================================================================


                                                                           SINCE
                                              2002         2001       JANUARY 1, 1996
                                          --------------------------------------------
<S>                                       <C>           <C>          <C>
  SALES                                   $       420        4,240   $         11,766

  COST OF SALES                                    60          706              4,565
                                          --------------------------------------------

  GROSS MARGIN                                    360        3,534              7,201
                                          --------------------------------------------

  EXPENSES
    General and Administrative                161,414      453,793          3,114,094
    Impairment of  Assets                      18,830   $  161,478            180,308
    Depreciation and Amortization               1,622        2,176             15,221
                                          --------------------------------------------
              Total  Expenses                 181,866      617,447          3,309,623
                                          --------------------------------------------

  NET LOSS BEFORE OTHER INCOME & EXPENSE     (181,506)    (613,913)        (3,302,422)

  OTHER INCOME & EXPENSE

  Other Income                                      0                             151

  Other Expense                                   614                           2,533
                                          --------------------------------------------
  Net Loss                                $  (182,120)  $ (613,913)  $     (3,304,804)
                                          ============================================




  LOSS PER SHARE                          $     0.008   $    0.080
                                          -------------------------


  WEIGHTED AVERAGE NUMBER OF SHARES        24,237,077    7,536,882
                                          -------------------------
</TABLE>


                       See Notes to Financial Statements.


                                     Page 3
<PAGE>
<TABLE>
<CAPTION>
                                           QUADRACOMM, INC. AND SUBSIDIARIES
                                        (FORMERLY P.M. MANAGEMENT SYSTEMS, INC.)
                                             (A DEVELOPMENT STAGE COMPANY)
                               CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                                 FOR THE PERIOD FROM JANUARY 1, 1996 TO MARCH 31, 2002
==================================================================================================================
                                                                                                         DEFICIT
                                                                                                       ACCUMULATED
                                                                       COMMON STOCK AND                DURING THE
                                                   PREFERRED STOCK      PAID-IN CAPITAL     TREASURY   DEVELOPMENT
                                       SHARES            $             SHARES        $        STOCK      STAGE
                                     -----------------------------------------------------------------------------
<S>                                  <C>          <C>                <C>         <C>         <C>      <C>
  Balance, January 1, 1996            1,000,000   $          1,000   10,000,000  $1,999,150  $ (150)  $   (75,000)

  Cancellation of outstanding
        shares                                                       (7,980,000) (1,925,000)

                                     -----------------------------------------------------------------------------
  Balance, December  31, 1996         1,000,000   $          1,000    2,020,000      74,150    (150)      (75,000)

  Net Loss
                                     -----------------------------------------------------------------------------
  Balance, December 31, 1997          1,000,000   $          1,000    2,020,000      74,150    (150)      (75,000)

  Net Loss
                                     -----------------------------------------------------------------------------
  Balance, December 31, 1998          1,000,000   $          1,000    2,020,000      74,150    (150)      (75,000)

  Net Loss                                                                                                 (4,350)
                                     -----------------------------------------------------------------------------
  Balance, December 31, 1999          1,000,000   $          1,000    2,020,000      74,150    (150)      (79,350)


  Cancellation of preferred stock    (1,000,000)            (1,000)                   1,000
  Cancellation of treasury stock                                                       (150)    150
  Stock split (3 for 1)                                               4,040,000
  Shares issued for technology                                        1,000,000
  Sale of common shares                                                 198,000     198,000
  Shares issued for services                                              1,600       1,600
  Net Loss                                                                                               (380,772)
                                     -----------------------------------------------------------------------------

  Balance, December 31, 2000               None              None     7,259,600  $  274,600     None  $  (460,122)

  Cancellation of restricted stock                                   (1,460,000)    (62,966)
  Cancellation of ordinary stock                                     (4,015,750)   (172,888)
  Sale of Common Shares                                              11,261,322     768,406
  Shares issued for Services                                         11,000,000   1,230,000
  Net Loss                                                           (2,662,561)
                                     -----------------------------------------------------------------------------

  Balance, December 31, 2001               None               None   24,045,172  $2,037,152     None  $(3,122,683)

  Sale of Common Shares                                                 240,000      12,000

  Net Loss                                                                                               (182,120)
                                     -----------------------------------------------------------------------------
  Balance, March 31, 2002                  None               None   24,285,172  $2,049,152     None  $(3,304,803)
                                     =============================================================================
</TABLE>


                       See Notes to Financial Statements.


                                     Page 4
<PAGE>
<TABLE>
<CAPTION>
                               QUADRACOMM, INC. AND SUBIDIARIES
                           (FROMERLY P.M. MANAGEMENT SYSTEMS, INC.)
                                 (A DEVELOPMENT STAGE COMPANY)
                             CONSOLIDATED STATEMENT OF CASH FLOWS
                    FOR THE THREE MONTH PERIODS END MARCH 31, 2002 AND 2001
                   AND FOR THE PERIOD FROM JANUARY 1, 1996 TO MARCH 31, 2002
===============================================================================================


                                                                                    Since
                                                             2002        2001      January 1,
                                                                                     1996
                                                          ------------------------------------
<S>                                                       <C>         <C>         <C>
CASH FLOWS FROM (TO) OPERATING ACTIVITIES:
Net Income (Loss) From Operations:                        $(182,120)  $ (12,418)  $(3,304,804)
Add: Non-Cash Items
    Depreciation and Amortization                             1,622                   176,698
    Allowance for doubtful advances                          (2,158)                  355,371
    Allowance for impairment of acquired net assets               0
    Payment of expenses with common stock
Changes in Assets and Liabilities:
     Inventory                                                2,241                    (1,277)
     Miscellaneous advances                                       0                   (51,988)
     Deposits                                                  (184)                  (17,005)
     Accounts payable & other liabilities                   165,961      20,000     1,322,710
                                                          ------------------------------------
Net Cash From (To) Operating Activities                     (14,638)      7,582    (1,520,295)
                                                          ------------------------------------

CASH FLOWS FROM (TO) INVESTING ACTIVITIES:
Acquisition of Equipment                                          0        (200)      (36,931)
Purchase of Technology                                                  (20,000)
                                                          ------------------------------------
Net Cash From (To) Investing Activities                           0     (20,200)      (36,931)
                                                          ------------------------------------

CASH FLOWS FROM (TO) FINANCING ACTIVITIES:
Proceeds from sales of common stock                          12,000      20,000     1,802,155
Repayment of Debt                                                 0                   (11,397)
Retirement of Shares                                                     (1,000)     (235,854)
                                                          ------------------------------------
Net Cash From (To) Financing Activities                      12,000      19,000     1,554,904
                                                          ------------------------------------

Increase (Decrease) in Cash                                  (2,638)      6,382        (2,322)
CASH BALANCE, BEGINNING                                       3,161                     2,845
                                                          ------------------------------------
CASH BALANCE, ENDING                                      $     523   $   6,382   $       523
                                                          ====================================


SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS:
   The Company has issued 1,600 common shares in payment
     of certain expenses; 100,000 common shares for an
     acquisition; and 50,000 shares as collateral.
</TABLE>


                       See Notes to Financial Statements.

                                     Page 5
<PAGE>
                        QUADRACOMM, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 MARCH 31, 2002
================================================================================

1.   HISTORY

     The entity was incorporated under the laws of the State of Colorado on
March 13, 1992 under the name Processed Based Management, Inc.; filed a Form 10
with the Securities and Exchange Commission on March 11, 1993; made a Regulation
D filing on July 30, 1993; and, changed its name to PM Management Systems, Inc.,
on May 5, 1994.  On September 2, 1994 the entity declared a one for one stock
dividend and in September 1994 acquired all of the units of a certain limited
liability company for 7,980,000 of its common shares.  The acquisition
transaction was reversed in December in 1995 and the 7,890,000 common shares
returned and cancelled. During the period from January 1996 to 2000, the entity
has been dormant.

     In January 2000 the name was changed to RF Technology, Inc. and a three for
one split was declared.  Subsequently in December 2000 the Articles of
Incorporation were amended to increase the authorized common shares to
100,000,000 and preferred shares to 10,000,000 and the par value was changed
from no par value to a par value of $.001 per share for both the common and
preferred shares.  The name of the corporation was changed to QuadraComm, Inc.
(hereinafter "Company").

     Also in 2000, the Company has embarked upon a program of seeking operating
entities to acquire.  In that connection, it has entered into letters of intent
and a form of merger agreements to acquire certain of the operations entities.
As of December 31, 2000, none of the agreements had been finalized.

     In January 2001, the Company acquired International Prepaid Systems, Inc.,
for 100,000 of the common shares of the Company and $50,000.

     In August of 2001, the Company entered into an agreement to acquire R.F.
Scientific, Inc. Such transaction was structured as an agreement for cash and
stock. The two companies completed the transaction, issued the stock and
transferred cash. However, due to uncertain economic times occurring in the next
months, the two companies decided to "unwind" such transaction as it was unable
to effectively continue operations as a combined entity. The stock portion of
the transaction was "unwound" and returned, however, cash advances have not been
repaid to the Company as of December 31, 2001.

2.   BASIS OF ACCOUNTING

     The financial statements of the Company have been prepared in United States
dollars in accordance with accounting principles generally accepted in the
United States.    Certain reclassifications have been made to conform prior year
data to the current year presentations.

     The consolidated financial statements of the Company as of March 31, 2002
and for the period then ended have been prepared on the basis that the Company
is a going concern, which contemplates the realization of assets and
satisfaction of liabilities in the normal course of business.  At March 31, 2002
the Company's assets totaled $54,061 and current liabilities aggregated
$1,309,712.  For the period from inception (January 1, 1996) to March 31, 2002,
the Company has incurred, losses totaling $3,304,804. Such losses together with
the absence of all but a minor amount of revenues, has significantly impacted
the liquidity and capital resources of the Company, and raises substantial doubt
about the ability of the Company to continue as a going concern.  No adjustments
have been recorded in the financial statements of the Company to reflect the
uncertainty of the going concern and the related realization of assets and
satisfaction of liabilities.

     Management expects to achieve its future cash needs from a combination of
sales of its equity securities, acquisitions, and borrowings, pending attainment
of profitable operations.

3.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     CASH AND CASH EQUIVALENTS:  Cash and cash equivalents are comprised of cash
and highly liquid investments with a maturity of three months or less when
purchased.  The Company had no cash equivalents as of December 31, 2001 and
2000.

     EQUIPMENT:  Equipment is stated at acquisition cost.  The cost of
replacements, renewals, and betterments, that neither add materially to the
value of the equipment and furniture, nor appreciably prolong their lives are
charged to expense as incurred.  Depreciation is provided using the
straight-line method over the estimated useful lives of five years.
..
     INCOME TAXES:  The provision (benefit) for income taxes is based upon the
pre-tax earnings (loss) reported in the financial statements, adjusted for
transactions that may never enter in the computation of income taxes payable.  A
deferred tax asset or liability is recognized for the estimated future tax
affect attributable to temporary differences in the recognition of income and
expenses for financial statements and income tax purposes.  A valuation
allowance is provided in the event that the tax benefits are not expected to be
realized.

     EARNINGS (LOSS) PER SHARE:  Earnings (loss) per common share are based upon
the weighted number of common shares outstanding during the period.

     USE OF ESTIMATES:  The preparation of financial statements in conformity
with generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting period.  Actual results could differ from those estimates.

     REVENUE RECOGNITION:  Revenues will be recognized upon the delivery of the
products and services

     RESEARCH & DEVELOPMENT, ADVERTISING, AND START-UP COSTS: Research &
development, advertising, and start-up costs are charged to expense as incurred.

     CONCENTRATIONS OF RISK and CREDIT RISK:   Company operations have not
commenced, and hence there is no concentration or credit risk.  The Company does
not have a material concentration of accounts receivable or other credit risk.

     IMPAIRMENT OF LONG-LIVED ASSETS:  The Company has not recognized any
charges from the impairment of its long-lived assets, as it believes that its
long-lived assets have not been impaired.

     FINANCIAL INSTRUMENTS:  Assets and liabilities, as a matter of accounting
policy, are reflected in the accompanying financial statements at values that
the Company considers represent their respective fair values.

4.   INVENTORY

Inventories totaled $1,277 which was made up of prepaid phone cards. At March
31, 2002, there was no obsolete inventory and as such, no allowance was
recorded.

5.   MISCELLANEOUS ADVANCES, ASSETS, AND TECHNOLOGY

     During the course of development, the Company has entered into agreements
and made certain cash advances to business units that it expects to acquire, in
consideration for technology and to some employees and vendors.  One "unwound"
transaction is still in a negotiation stage, but has not had any progress since
the latter part of 2001; and since there is no assurance nor explicit
collateral, nor agreements for the repayment of such amounts, an allowance of
like amounts was recorded as of March 31, 2002 and December 31, 2001.

6.   INCOME TAXES

     The Company will need to realize profits to utilize the accumulated losses
that aggregated $3,304,804 as of March 31, 2002. Further, because of the nature
of the losses they may not be deductible, except in reduced amounts over various
periods of time. Accordingly, because of these uncertainties, a valuation
allowance of an equal amount was established because the benefit is more likely
than not to be lost.

7.   ACCRUED EXPENSES AND OTHER LIABILITIES

     The Company has accrued expenses of $781,258 and other liabilities of
$79,032. The accrued expenses represent accrued payroll and allowances due to
employees of the Company. The other liabilities represent reimbursements due to
the employees of the Company who have expensed personal funds for the benefit of
the Company.

8.   NOTES PAYABLE

     Notes payable consist of a variety of notes payable to individuals that
were acquired in the acquisition of IPS. The balances of the notes payable are
$104,833 and are due at various dates through 2005. Interest rates on the notes
range from 9.64% to 18%.

9.   COMMON AND PREFERRED STOCK

     Common Stock:  The Company is authorized to issue 100,000,000 shares of its
     -------------
$.001 par value common stock, of which 24,285,172 were outstanding as of March
31, 2002.  Dividends are payable upon declaration by the board of directors, and
the common shares do not have pre-emptive rights nor cumulative voting rights.

     During 2001, there were a number of shares issued for acquisitions and
services rendered totaling 22,261,322 shares. There were also a number of
cancellations of shares due to "unwinding" of transactions totaling 5,475,750
shares.

     Preferred Stock:  The Company is authorized to issue 10,000,000 shares of
     ----------------
its $.001 par value preferred stock.  No preferred shares were issued and
outstanding as of December 31, 2001.  The board of directors of the Company may
issue the preferred stock in series and may determine the rights and preferences
of each series.

     In January 2001, the Company acquired International Prepaid Systems, Inc.,
for 100,000 of the common shares of the Company and $50,000.

10.  COMMITMENTS AND CONTINGENCIES

     The Company leases its office facilities on a month to month basis which
requires monthly rental payments of approximately $960 per month including taxes
and fees.

     During the ordinary course of business, the Company is subject to pending
claims and legal actions.  In the opinion of management, the ultimate resolution
of these types of claims and/or legal proceedings, if any, will not have a
material adverse effect on the operations and financial position of the Company.

11.  SUBSEQUENT EVENTS

     In May of 2002, the Company entered into an agreement with a Nevada
corporation, FutureCom Global, Inc. (hereinafter "FutureCom"). Such agreement
contemplates the acquisition of FutureCom by the Company through a reverse
merger with a wholly-owned subsidiary of the Company. The merger is subject to
shareholder approval and completion of due diligence and has been unanimously
approved by the Board's of Directors of both companies. The closing of the
transaction is also subject to approval by the shareholders of the Company to
change the name of the Company to Technology Evolution Inc., move the domicile
of the Company to Delaware, and reduce the number of shares of common stock
outstanding. The business combination will result in FutureCom merging with and
into a wholly-owned subsidiary of the Company, with a share of the Company's
stock being exchanged for one share of each outstanding share of FutureCom
stock.


                                     Page 6
<PAGE>
ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION.

Except  for  the  historical information presented in this document, the matters
discussed  in this Form 10-QSB, and specifically in the "Management's Discussion
and  Analysis or Plan of Operation," or otherwise incorporated by reference into
this  document  contain "forward looking statements" (as such term is defined in
the  Private  Securities Litigation Reform Act of 1995). These statements can be
identified  by  the  use  of  forward-looking  terminology  such  as "believes,"
"expects,"  "may," "will," "intends," "should," or "anticipates" or the negative
thereof or other variations thereon or comparable terminology, or by discussions
of  strategy that involve risks and uncertainties. The safe harbor provisions of
Section  21E of the Securities Exchange Act of 1934, as amended, and Section 27A
of  the  Securities Act of 1933, as amended, apply to forward-looking statements
made  by  the  Company.  You  should not place undue reliance on forward-looking
statements.  Forward-looking  statements  involve  risks  and uncertainties. The
actual  results  that  the  Company  achieves  may  differ  materially  from any
forward-looking  statements  due  to  such  risks  and  uncertainties.  These
forward-looking  statements  are  based on current expectations, and the Company
assumes no obligation to update this information. Readers are urged to carefully
review  and  consider the various disclosures made by the Company in this report
on  Form 10-QSB and in the Company's other reports filed with the Securities and
Exchange  Commission  that attempt to advise interested parties of the risks and
factors  that  may  affect  the  Company's  business.

The  following  discussion and analysis of the Company's financial condition and
results  of  operations  should  be  read  in  conjunction  with  the  Financial
Statements  and accompanying notes and the other financial information appearing
elsewhere  in  this  report.

OVERVIEW

The  Company is a Colorado corporation, incorporated on March 13, 1992 under the
name  Processed  Based  Management, Inc. Since inception, the Company has been a
development stage company. Since 2000, the Company's focus has been on searching
for  operating  entities  to  acquire.

On  January 1, 2001, the Company acquired International Prepaid Systems, Inc., a
Texas corporation ("IPS"), a distributor of prepaid phone cards and non-bank ATM
machines.  In  connection  with  the  acquisition  of IPS, John Hockins became a
director  and executive officer of the Company in September, 2001, and continues
to  be  a director and executive officer of IPS.  Test markets were initiated in
the  Southwestern  United States, and plans developed for expansion into defined
client  and  customer  arenas.  Due  to a lack of adequate funding, however, the
program  has  been  temporarily  halted.

In  August  2001,  the  Company  entered  into  an  agreement  to  acquire R. F.
Scientific,  Inc.  ("RFS"),  a  Florida  corporation.  Subsequently in 2001, the
Company  and  RFS  were  unable to effectively continue operations as a combined
entity  and  decided  to  "unwind"  the  transaction.  The  stock portion of the
transaction  was  "unwound"  and  returned,  but the cash advances have not been
repaid  by  RFS  to  the  Company.

RESULTS  OF  OPERATIONS

The  following  discussion  compares  operations for the quarter ended March 31,
2002,  with  the  quarter  ended  March  31,  2001.

The  Company  generated  a  limited  amount of revenue during the quarters ended
March  31, 2002 and 2001, or $420 and $4,240, respectively. The Company does not
anticipate  generating  significant  revenue  over  the next 12 months or longer
unless  it  successfully merges with FutureCom Global, Inc., as discussed in the
following  section,  or  another  going-concern  business.

Total  operating  expenses  decreased  to  approximately $181,506 in the quarter
ended March 31, 2002, from approximately $617,447 in the quarter ended March 31,
2001.  General  and  administrative  expenses  of  approximately $161,414 in the
quarter ended March 31, 2002 were due principally to costs associated with being
a  public  company.  General and administrative expenses consist of professional
fees  and  expenses  incurred  in  day-to-day  operations.

PLAN  OF  OPERATION

The  Company  has  executed  an  agreement  to  acquire  FutureCom  Global, Inc.
("FutureCom"),  a  Nevada  corporation in the business of developing, designing,
marketing,  selling and servicing wireless technology and products platforms, in
what  would effectively be a reverse takeover of the Company by the shareholders
of  FutureCom.  The  Company  anticipates  receiving  funding  from FutureCom in


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<PAGE>
connection  with the business combination.  The closing of the merger is subject
to  the satisfactory completion of due diligence by both parties and shareholder
approval.  If  the acquisition of FutureCom closes, the Company anticipates that
its  business will become the business of FutureCom.  For more information about
the  merger  transaction,  see  Item  5  of  this  Form 10-QSB in Part II below.

The amount of operating expenses the Company anticipates incurring over the next
12 months will depend on a number of factors, including the timing and resources
required  to  close  the  merger  with  FutureCom.  Alternatives  for short-term
financing  are  currently  being pursued by management of the Company to provide
access  to funding needed to sustain the Company's business in the interim.  The
Company is currently operating at minimal levels.  Because the Company presently
has  nominal  overhead  and  few  other  material  financial obligations, and is
seeking  outside investment to provide short-term working capital, management of
the  Company  believes  that  the  Company's short-term cash requirements can be
satisfied.  There  can  be no assurance, however, that any additional funds will
be  available  on  terms  acceptable  to  the  Company  or  at  all.

LIQUIDITY  AND  CAPITAL  RESOURCES

No  material  commitments  for capital expenditures were made during the quarter
ended  March  31,  2002.

As  of  March  31,  2002,  the  Company  had accumulated losses of approximately
$3,304,804,  including a loss of approximately $181,866 during the quarter ended
March 31, 2002.  The current working capital deficit is approximately $1,307,912
compared with a working capital deficit of approximately $613,935 in same period
last  year.  There can be no assurance that the Company will be able to continue
as  a  going  concern  or  achieve  material  revenues or profitable operations.

The  nominal  amounts  of cash needed to sustain the Company have been fulfilled
through private loans and advances from officers, directors and shareholders, in
addition  to  the  sales of private placement shares. Although it is anticipated
that  this kind of activity will continue to fund minimal operations, monies for
more strategic plans will likely be satisfied initially with bridge funding from
FutureCom  and  later  with  the  conclusion  of  the  business combination with
FutureCom. The Company plans to continue to utilize a combination of debt and/or
equity  financings  to  fund  its  short-term  needs,  although  there can be no
assurance  that  the  Company  will  have  access  to  additional  financing  on
acceptable terms, or at all. Even if the merger with FutureCom closes, there can
be  no assurance that the combined entity will have access to adequate financial
resources  on  acceptable  terms,  or  at  all.


                           PART II - OTHER INFORMATION

ITEM  2.  CHANGES  IN  SECURITIES

The Company issued the following shares of its common stock during the quarterly
period  ended  March  31,  2002:

The  Company has offered and sold 3,164,250 shares of common stock pursuant to a
$10  million  private  placement that commenced in September, 2000 to accredited
investors  who  were  largely  existing  shareholders  of  the Company.  The $10
million  private  placement  is still open and has raised approximately $745,750
through  March  31,  2002  from  a total of seven investors.  Sales were made in
March,  2002, and consisted of 240,000 shares (out of the 3,164,250 shares) sold
at  $0.05  per  share  for total proceeds to the Company of $12,000. The Company
believes  that  the  offer  and  sale  of  its  common stock through the private
placement is exempt under Rule 506 of Regulation D and/or Section 4(2) under the
Securities  Act  of  1933,  as amended  (the "Securities Act"). In addition, for
those  investors  who  reside  outside  the United States, the offer and sale is
believed  to  be  exempt  pursuant to Regulation S under the Securities Act. The
following  shareholders  of the Company purchased shares of common stock through
the  private  placement:  Armadillo,  Ltd.; Vestech, Ltd.; XIT, Ltd.; H. Lauritz
Holdings;  R.  Markle  Investment Trust; FutureCom Global,  Inc.; and P. Cahill.


                                     Page 8
<PAGE>
ITEM  5.  OTHER  INFORMATION

On  May  10,  2002,  the Company and FutureCom executed an Agreement and Plan of
Reorganization  (the  "Merger Agreement"), which contemplates the acquisition of
FutureCom  by  the Company through a reverse triangular merger whereby FutureCom
will merge with and into a wholly-owned subsidiary of the Company. The merger is
subject to satisfactory completion of due diligence by both parties, shareholder
approval  of  a  name  change, reverse stock split and change of domicile by the
Company,  and  shareholder  approval of the merger by FutureCom. Both companies'
Boards  of  Directors  have  unanimously  approved  the  agreement.

Under  terms  of  the  Agreement,  on  the closing of the merger shareholders of
FutureCom will receive one share of the Company's common stock for each share of
FutureCom  common  stock outstanding.  As a result of the merger, FutureCom will
become  a  wholly-owned subsidiary of the Company, but with the former FutureCom
shareholders owning most of the outstanding common stock of the combined entity.

Prior to closing the merger with FutureCom, the Company has agreed to accomplish
the  following  changes,  subject  to  the  completion  of due diligence and the
approval  by  its  shareholders  of  the  following:
     -    Changing its name from QuadraComm, Inc. to Technology Evolution, Inc.;
     -    Moving  the domicile of the corporation from Colorado to Delaware; and
     -    Significantly  reducing  the  number  of  outstanding shares of common
          stock  in  the  new  corporation.

Several  other  corporate actions will take place with the closing of the merger
as  a  result  of the changing focus of the Company, including the election of a
new  board  of  directors for Technology Evolution, Inc., and the appointment of
new  officers.

The  execution of the Exchange Agreement was publicly reported by the Company in
a  press  release  in  May,  a copy of which is attached hereto as Exhibit 99.1.

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

(a)  Exhibits

Exhibit
Number          Description
------          -----------
3.1**          Amended  and Restated Articles of Incorporation dated December 1,
               2000

3.2**          Articles  of  Amendment  regarding Series A Preferred Stock dated
               October  23,  2001

3.3**          Bylaws

4.1**          Specimen  Stock  Certificate  for  Shares  of  Common  Stock  of
               QuadraComm,  Inc.

4.2*           2001  Stock  Option  /  Performance  Stock  Plan

10.1**         Employment Agreement between QuadraComm, Inc. and Robert W. Ellis

99.1           Press  Release

*  Filed on July 12, 2001, as an exhibit to the Company's registration statement
on  Form  S-8  and  incorporated  herein  by  reference.

** Filed on April 16, 2002, as an exhibit to the Company's annual report on Form
10-KSB  and  incorporated  herein  by  reference.


                                     Page 9
<PAGE>
(b)  Reports  on  Form  8-K

No  reports on Form 8-K were filed by the Company with the Commission during the
quarter  ended  March  31,  2002.


                                   SIGNATURES

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


                                 QUADRACOMM,  INC.



Dated:   May  29,  2002          By:   /s/  Robert  Ellis
       ------------------           --------------------------
                                    Robert  Ellis
                                    Its:  Director, President, & Acting CFO



Dated:   May  29,  2002           By:   /s/  John  Hockins
       ------------------            --------------------------
                                     John  Hockins
                                     Its: Director, Acting-Treasurer & Secretary


                                    Page 10
<PAGE>
                                  EXHIBIT INDEX

Exhibit
Number          Description
------          -----------------------------------------------------------
3.1**          Amended  and Restated Articles of Incorporation dated December 1,
               2000

3.2**          Articles  of  Amendment  regarding Series A Preferred Stock dated
               October  23,  2001

3.3**          Bylaws

4.1**          Specimen  Stock  Certificate  for  Shares  of  Common  Stock  of
               QuadraComm,  Inc.

4.2*           2001  Stock  Option  /  Performance  Stock  Plan

10.1**         Employment Agreement between QuadraComm, Inc. and Robert W. Ellis

99.1           Press  Release

*  Filed on July 12, 2001, as an exhibit to the Company's registration statement
on  Form  S-8  and  incorporated  herein  by  reference.

** Filed on April 16, 2002, as an exhibit to the Company's annual report on Form
10-KSB  and  incorporated  herein  by  reference.


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