FORM 10-QSB - QUARTERLY OR TRANSITIONAL REPORT UNDER
                            SECTION 13 OR 15 (d) OF
                      THE SECURITIES EXCHANGE ACT OF 1934
                        Quarterly or Transitional Report
                    U.S. Securities and Exchange Commission
                             Washington, D.C. 20549

(Mark One)
[XX]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
        EXCHANGE ACT OF 1934

        For quarterly period ended         April 30, 2002

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

        For the transition period from          to

        Commission File Number:                 0-25024

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

             NEW MEXICO                                 85-03388759
   (State or other jurisdiction of                     (IRS Employer
    incorporation or organization)                   Identification No.)


                 3206 Candelaria Road NE, Albuquerque, NM 87107
                    (Address of principal executive offices)

                                 (505) 884-0272
                          (Issuer's telephone number)

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

     Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15 (d) of the Securities 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_____.

The number of shares of the registrant's common stock outstanding as of June 3,
  2002 was:    No Par Value Common                     37,237,476

Transitional Small Business Format:          Yes ________    No ____X____




                         PART I. FINANCIAL INFORMATION



                            Titan Technologies, Inc.
                                  BALANCE SHEET
                                 April 30, 2002
                                    UNAUDITED

ASSETS

 Current Assets
  Cash .....................................................        $    48,019

 Property and Equipment, at cost
  Furniture and fixtures ...................................              5,407
  Machinery ................................................              7,706
                                                                    -----------
                                                                         13,113
  Less accumulated depreciation ............................             11,417
                                                                    -----------
    Net property and equipment .............................              1,696

 Other Assets ..............................................                609
                                                                    -----------

                                                                    $    50,324
                                                                    ===========
LIABILITIES AND STOCKHOLDERS' EQUITY

 Current Liabilities
  Accounts payable .........................................        $     7,119
  Other accrued liabilities ................................              3,033
                                                                    -----------
  Total Current Liabilities ................................             10,152

 Stockholders' Equity
  Common stock - no par value; authorized,
  50,000,000 shares;issued and outstanding,
  37,237,476 shares ........................................          2,702,857
  Accumulated deficit ......................................         (2,662,685)
                                                                    -----------
                                                                         40,172
                                                                    -----------

                                                                    $    50,324
                                                                    ===========

        The accompanying notes are an integral part of these statements.

                                       2
<PAGE>


                            Titan Technologies, Inc.
                            STATEMENTS OF OPERATIONS
                      For The Three Months Ended April 30
                                   UNAUDITED

                                                      2002             2001
                                                  ------------     ------------
REVENUES
 Other income ................................    $      9,230     $      8,530
                                                  ------------     ------------
COSTS AND EXPENSES

 General and administrative ..................          52,603           50,626
 Outside services ............................          12,230            6,507
 Depreciation ................................             231              279
                                                  ------------     ------------
                                                        65,064           57,412

 Loss before income taxes ....................         (55,834)         (48,882)

 Provision for income taxes ..................            --               --
                                                  ------------     ------------
 Net Loss ....................................    $    (55,834)    $    (48,882)
                                                  ============     ============
 Weighted average common shares
  outstanding, basic and diluted (Note 3) ....      36,607,254       34,304,504
                                                  ============     ============

 Basic and diluted (loss) per common share ...    $      (0.00)    $      (0.00)
                                                  ============     ============

       The accompanying notes are an integral part of these statements.

                                       3
<PAGE>

                            Titan Technologies, Inc.
                            STATEMENTS OF OPERATIONS
                       For The Nine Months Ended April 30
                                   UNAUDITED

                                                      2002             2001
                                                  ------------     ------------
REVENUES
 Other income ................................    $     20,640     $     25,790
                                                  ------------     ------------
COSTS AND EXPENSES

 General and administrative ..................         169,120          182,709
 Outside services ............................          34,000           59,308
 Depreciation ................................             692              836
                                                  ------------     ------------
                                                       203,812          242,853

 Loss before income taxes ....................        (183,172)        (217,063)

 Provision for income taxes ..................            --               --
                                                  ------------     ------------
 Net Loss ....................................    $   (183,172)    $   (217,063)
                                                  ============     ============

 Weighted average common shares
  outstanding, basic and diluted (Note 3) ....      36,014,422       34,181,430
                                                  ============     ============

 Basic and diluted (loss) per common share ...    $      (0.01)    $      (0.01)
                                                  ============     ============

       The accompanying notes are an integral part of these statements.

                                       4
<PAGE>

                            Titan Technologies, Inc.
                            STATEMENTS OF CASH FLOWS
                       For the Nine Months Ended April 30
                                   UNAUDITED

                                                         2002           2001
                                                       ---------      ---------
Cash flows from operating activities
 Cash received from subcontractor ................     $  20,640      $  25,790
 Cash paid for suppliers and employees ...........      (190,696)      (239,467)
                                                       ---------      ---------
 Net cash used in operating activities ...........      (170,056)      (213,677)

Cash flows from financing activities
 Proceeds from sale of common stock ..............       183,700         74,500
                                                       ---------      ---------

 Net increase (decrease) in cash .................        13,644       (139,177)

 Cash at beginning of year .......................        34,375        157,180
                                                       ---------      ---------

 Cash at end of period ...........................     $  48,019      $  18,003
                                                       =========      =========
Reconciliation of Net Loss to Net Cash
 Used in Operating Activities

Net Loss .........................................     $(183,172)     $(217,063)
Adjustments to reconcile net loss to
net cash used in Operating Activities:
 Depreciation ....................................           692            836
 Noncash compensation ............................         7,500           --
 Changes in assets and liabilities
 Decrease in prepaid expenses ....................          --            1,025
 Increase (decrease) in accounts payable .........         5,153           (279)
 (Decrease) increase in accrued liabilities ......          (229)         1,804
                                                       ---------      ---------

Net cash used in operating activities ............     $(170,056)     $(213,677)
                                                       =========      =========

During the quarter ended April 30, 2002, the Company exchanged 75,000 shares of
common stock in settlement of professional fees amounting to $7,500.

       The accompanying notes are an integral part of these statements.

                                       5
<PAGE>

                            Titan Technologies, Inc.
                         NOTES TO FINANCIAL STATEMENTS
                            April 30, 2002 and 2001

1) BASIS OF PRESENTATION

The balance sheet at April 30, 2002 and the statements of operations for the
three months and nine months ended April 30, 2002 and 2001 and statements of
cash flows for the nine months ended April 30, 2002 and 2001 have been prepared
without audit. In the opinion of management, all adjustments including normal
recurring adjustments necessary to present fairly the financial position,
results of operations and cash flows, have been made. Certain information and
footnote disclosures normally included in financial statements prepared in
accordance with generally accepted accounting principles have been condensed or
omitted. It is suggested that these financial statements be read in conjunction
with the Company's audited financial statements at July 31, 2001. The results of
operations for the nine months ended April 30, 2002 are not necessarily
indicative of operating results for the full year.

2)  ISSUANCE OF COMMON STOCK

During the nine months ended April 30, 2001 the Company sold 703,332 shares of
common stock for which it received $74,500.

During the nine months ended April 30, 2002 the Company sold 1,830,333 shares
of common stock for which it received $183,700. Additionally, the Company
exchanged 75,000 shares of common stock for professional services provided
amounting to $7,500.

3)  NET LOSS PER COMMON SHARE

Net loss per common share is calculated using the weighted average number of
shares outstanding during the period. Basic and diluted earnings per share are
the same for the three months and nine months ended April 30, 2002 and 2001
because the inclusion of options on 1,900,000 shares of common stock at an
average exercise price of $.16 are antidilutive.

4)  MANAGEMENT'S PLANS FOR OPERATIONS

The Company has experienced significant losses from operations in recent years
and the Company has used rather than provided cash in its operations. The
Company's ability to continue as a going concern is contingent upon its ability
to maintain adequate financing or obtain capital from other sources and to
attain profitable operations. The financial statements do not include any
adjustments relating to the recoverability and classification of recorded asset
amounts that might be necessary should the Company be unable to continue in
existence.

Management has taken the following steps to address the financial and operating
condition of the Company which it believes will be sufficient to provide the
Company with the ability to continue in existence.

Improve marketing efforts for recycling plants and bring plastics recycling
technology to a marketable product.

                                       6
<PAGE>

Reduce operating and administrative expenses, and issue stock and notes payable
where possible for payment of expenses.


Defer payment of officer salaries if required.

Management believes that these steps will allow the Company to continue as a
going concern in the immediate future, together with results of ongoing efforts
to raise working capital through licensing of agreements, joint ventures or
sales of additional equity securities in private placements. However, there are
significant risks associated with the Company's business development and there
can be no assurance that its efforts will be successful or that it will be able
to raise sufficient working capital to survive as a going concern.


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

The following Results of Operations should be read in connection with the
Company's financial statements and notes thereto. Information discussed herein
includes forward-looking statements or opinions regarding future events or the
future financial performance of the Company, and are subject to a number of
risks and other factors which could cause the actual results to differ
materially from those contained in forward looking statements. Among such
factors are: general business and economic conditions; customer acceptance of
anticipated products which may be produced from plants using the Company's
technology; the Company's ability to license its technology for additional
plants; the ability of licensees to obtain financing for such plants; the
ability of any additional plants, if financed, constructed and operated, to
perform in accordance with expectation; and other risk factors listed in this
Form 10-QSB or listed from time to time in documents filed by the Company with
the Securities and Exchange Commission.

Results of Operations
---------------------

During the nine months ended April 30, 2002, the Company had no licensing
revenue. No plants are scheduled for construction at April 30, 2002.

With respect to existing plants constructed in Korea (not currently operating
because of financial failure of parent companies unrelated to the Company's
technology) and Taiwan using the Company's technology, no licensing fees or
royalties have been received by the Company. The Company is optimistic that
royalties will be received in the future from the operator/sub-licensee of the
Taiwan plant, but there can be no assurance that this will occur or what the
amounts will be.

                                       7
<PAGE>

In recent months, the Company has been concentrating its efforts to license its
technology in the United States because it believes that its tire recycling
technology has been proven at commercial scale through operation of the Taiwan
plant. Current discussions with prospective U.S. licensees involve payment of an
up-front licensing fee and on-going production royalties on a negotiated basis,
depending on the scope of the licensing agreement, although joint venture
arrangements in which the Company would be involved in operation and ownership
of plants is also under consideration. Although the Company is optimistic that
recent results in producing readily marketable activated carbon from tire
derived carbon black enhance the probability that one or more U.S. plants will
be built using the Company's technology, there can be no assurance that the
Company will be successful in its U.S. licensing or joint venture efforts or, if
successful, what the amount of the up-front payment or production royalties will
be.

As a result of activities by management, general and administrative expenses
decreased $13,589 to $169,120 and outside services decreased $25,308 to $34,000
for the nine months ended April 30, 2002 compared to the nine months ended April
30, 2001, primarily due to decreased research activities.

As a result of activities by management, general and administrative expenses
increased $1,977 to $52,603 and outside services increased $5,723 to $12,230 for
the three months ended April 30, 2002 compared to the three months ended April
30, 2001, primarily due to increased research activities.


Financial Condition
-------------------

The Company's liquidity increased in the nine months ended April 30, 2002 as
cash increased by $13,644 since July 31, 2001. Operations used $170,056 compared
to the same period of the prior year in which operations used $213,677. Proceeds
from the sale of common stock was $183,700 during the nine months ended April
30, 2002, compared to $74,500 for the same period in 2001.

The company has experienced significant losses from operations in recent years
and the Company has used rather than provided cash in its operations. The
Company's ability to continue as a going concern is contingent upon its ability
to maintain adequate financing or obtain capital from other sources and to
attain profitable operations. The financial statements do not include any
adjustments relating to the recoverability and classification of recorded asset
amounts that might be necessary should the Company be unable to continue in
existence.

Management has taken the following steps to address the financial and operating
condition of the Company which it believes will be sufficient to provide the
Company with the ability to continue in existence.

Improve marketing efforts for recycling plants and bring plastics recycling
technology to a marketable product.

Reduce operating and administrative expenses, and issue stock and notes payable
where possible for payment of expenses.

                                       8
<PAGE>

Defer payment of officer salaries if required.

Management believes that these steps will allow the Company to continue as a
going concern in the immediate future, together with results of on going efforts
to raise working capital through licensing of agreements, joint ventures or
sales of additional equity securities in private placements. However, there are
significant risks associated with the Company's business development and there
can be no assurance that its efforts will be successful or that it will be able
to raise sufficient working capital to survive as a going concern.


                           PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS
At the date of this report there are no known legal proceedings pending or
judgments against the Registrant or against any director or officer of the
Registrant in their capacity as such.


ITEM 2.  CHANGES IN SECURITIES

During the nine months ended April 30, 2002, we sold common stock to fourteen
investors, each qualifying as an accredited investor within the meaning of Rule
501(a). The following table illustrates the dates of the transaction, the number
of shares and the proceeds from the sale.



        Date                 Shares Issued         Cash Received
        9/12/01                  13,333              $  2,000
        9/24/01                 100,000                10,000
        10/9/01                 200,000                20,000
        10/15/01                200,000                20,000
        10/23/01                 13,000                 1,300
        12/17/01                150,000                15,000
        01/02/02                 30,000                 3,000
        01/08/02                 10,000                 1,000
        01/15/02                100,000                10,000
        01/25/02                 50,000                 5,000
        02/01/02                220,000                22,000
        02/05/02                 24,000                 2,400
        02/08/02                100,000                10,000
        03/29/02                135,000                13,500
        04/10/02                235,000                23,500
        04/11/02                 50,000                 5,000
        04/15/02                200,000                20,000
                              ---------              --------
                              1,830,333              $183,700
                              =========              ========

Additionally, the Company exchanged 75,000 shares of common stock for
professional services provided amounting to $7,500.

                                       9
<PAGE>

We relied on Section 4(2) of the Securities Act of 1933 for exemption from the
registration requirements of the Securities Act. Each investor was furnished
with information concerning our formation and operations, and had the
opportunity to verify the information supplied. Additionally, we obtained a
representation from each of the acquiring persons representing the intent to
acquire the securities for the purpose of investment only, and not with a view
toward the subsequent distribution thereof. Each of the certificates
representing the common stock carry a legend restricting transfer of the
securities represented. Furthermore, we have issued stop transfer instructions
to Jersey Transfer & Trust Co., the transfer agent for the common stock,
covering the certificates representing the common stock issued in the
above-described transactions.

ITEM 3.  DEFAULTS IN 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)  There are no exhibits required by Item 601 of Regulation S-K

SIGNATURES

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

                TITAN TECHNOLOGIES, INC.

June 3, 2002    Ronald L. Wilder
                -----------------------------------------------------
                Ronald L. Wilder, President, Chief Executive Officer,
                Chief Financial Officer and Chief Accounting Officer.