UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                  Form 10-KSB/A

(Mark One)

[X]      ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE ACT
         OF 1934 For the fiscal year ended December 31, 1999

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

Commission file number: 0-21811

                         Torque Engineering Corporation
                 ----------------------------------------------
                 (Name of small business issuer in its charter)

             Delaware                                          83-0317306
-------------------------------                            -------------------
(State or other jurisdiction of                             (I.R.S. Employer
 incorporation or organization)                            Identification No.)

                   2932 Thorne Drive, Elkhart, Indiana 46514
          ------------------------------------------------------------
          (Address of principal executive offices, including ZIP Code)

Issuer's telephone number:  (219) 264-2628

         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 [ ]
No [X]

         Check if there is no  disclosure  of  delinquent  filers in response to
Item 405 of  Regulation  S-B contained in this form,  and no disclosure  will be
contained,  to the  best of  registrant's  knowledge,  in  definitive  proxy  or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [ ]

         The issuer's  revenues for its most recent  fiscal year ended  December
31, 1999 were $91,300.
<PAGE>

         The  aggregate  market  value of the  2,546,272  shares of the issuer's
outstanding  common stock held by non-affiliates of the issuer was $3,819,408 as
of May 15,  2000,  based on the closing bid price of $1.50 per share as reported
on the OTC Bulletin Board on that date.

         The  issuer  had  7,832,940  shares  of its  common  stock  issued  and
outstanding as of May 15, 2000, the latest practicable date before the filing of
this report.




















<PAGE>


         The sole purpose of this  amendment is to file exhibits not  previously
filed  with  the  Registrant's  annual  report  on Form  10-KSB  filed  with the
Securities and Exchange Commission on May 25, 2000.

























                                       1
<PAGE>



Item 13. Exhibits and Reports on Form 8-K.

(a)      The following exhibits are furnished as part of this report:

Exhibit No.       Description

2.1      Form of  Agreement  and Plan of Merger by and  among  Quintessence  Oil
         Company and Torque  Engineering  Corporation (Filed as Exhibit A to the
         Registrant's  Definitive  Proxy Statement filed with the Securities and
         Exchange Commission on September 24, 1999).

2.2      Plan and Agreement of  Reorganization  dated May 21, 1999 between IPSL,
         Inc. and Quintessence  Oil Company (Filed with the Registrant's  annual
         report on Form 10-KSB filed with the Securities and Exchange Commission
         on May 25, 2000).

2.3      Bill of Sale  between  IPSL  and  Torque  Engineering  Corporation,  an
         Indiana corporation, dated as of April 29, 1999.*

2.4      Stock Purchase  Agreement between  Quintessence Oil Company and certain
         investors   dated   March  26,  1999  (Filed  as  Exhibit  2.1  to  the
         Registrant's Current Report on Form 8-K filed on April 19, 1999

3.1      Articles  of  Incorporation  of  Quintessence  Oil  Company  (filed  on
         December  3,  1996  as  exhibit  3.1 to the  Registrant's  Registration
         Statement  on Form 10 (File No.  0-21811)  and  incorporated  herein by
         reference).

3.2      Certificate of Incorporation of Torque  Engineering  Corporation.(Filed
         as Exhibit B to the Registrant's  Definitive Proxy Statement filed with
         the Securities and Exchange Commission on September 24, 1999).

3.3      Bylaws  of  Quintessence  Oil  Company  (filed on  December  3, 1996 as
         Exhibit 3.2 to the Registrant's Registration Statement on Form 10 (File
         No. 0-21811) and incorporated herein by reference).

3.4      Bylaws of Torque Engineering Corporation as amended (Filed as Exhibit C
         to  the   Registrant's   Definitive  Proxy  Statement  filed  with  the
         Securities and Exchange Commission on September 24, 1999).

10.1     Lease Rental  Agreement  between  Quintessence and CNC Associates dated
         October 6, 1999, Lease No. 99870001.*

10.2     Lease Rental  Agreement  between  Quintessence and CNC Associates dated
         October 6, 1999, Lease No. 99870002*
<PAGE>

10.3     Lease Rental  Agreement  between  Quintessence and CNC Associates dated
         October 6, 1999, Lease No. 99870003.*

10.4     Lease Rental  Agreement  between  Quintessence and CNC Associates dated
         October 6, 1999, Lease No. 99870004.*

10.5     Real Estate  Lease for Torque  Engineering  by and  between  Richard W.
         Strefling Industries, Inc. and Quintessence Oil Company dates April 29,
         1999 (Filed with the  Registrant's  annual  report on Form 10-KSB filed
         with the Securities and Exchange Commission on May 25, 2000).

10.6     Torque Engineering Corporation 1999 Stock Option Plan (Filed as Exhibit
         E to  the  Registrant's  Definitive  Proxy  Statement  filed  with  the
         Securities and Exchange Commission on September 24, 1999).

27.1     Financial Data Schedule (Filed with the  Registrant's  annual report on
         Form 10-KSB filed with the  Securities  and Exchange  Commission on May
         25, 2000).

99.1     IPSL, Inc. (A Development Stage Company) Financial Statements as of May
         28,  1999  (Filed with the  Registrant's  annual  report on Form 10-KSB
         filed with the Securities and Exchange Commission on May 25, 2000).

------------------
*        Filed herewith









<PAGE>


                                   SIGNATURES

         In  accordance  with  Section  13 or 15(d)  of the  Exchange  Act,  the
registrant  caused  this  report to be signed on its behalf by the  undersigned,
thereunto duly authorized.

                                            TORQUE ENGINEERING CORPORATION


Date: August 3, 2000                        By:/s/ Raymond B. Wedel, Jr.
                                               --------------------------------
                                               Raymond B. Wedel, Jr., President

         In accordance  with the Exchange Act, this report has been signed below
by the  following  persons  on behalf of the  registrant  and in the  capacities
indicated and on August 3, 2000.

/s/ Raymond B. Wedel, Jr.
--------------------------------------------
Raymond B. Wedel, Jr.
President, Chief Operating Officer,
and a Director


/s/ Donald A. Christensen
--------------------------------------------
Donald A. Christensen
Director

/s/ Richard D.Wedel
--------------------------------------------
Richard D. Wedel
Chairman, Chief Executive officer
and Director

/s/ I. Paul Arcuri
--------------------------------------------
I. Paul Arcuri
Vice President and Chief Financial
Officer


--------------------------------------------
Clement Lange
Director