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 January 31, 2000

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 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                           85-0388759
     (State or other jurisdiction of      (IRS employer identification no.)
     incorporation  or  organization)


                 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
     February 20, 2000 was:

           No Par Value Common              30,283,411


Transitional Small Business Format:  Yes [   ] No [ X ]
<PAGE>


PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                            Titan Technologies, Inc.
                                  BALANCE SHEET
                                January 31, 2000
                                    UNAUDITED

ASSETS

   Current Assets

     Cash ..................................................        $    86,243

   Property and Equipment, at cost

     Furniture and fixtures ................................              5,407
     Machinery .............................................              7,706
                                                                    -----------
                                                                         13,113
     Less accumulated depreciation .........................              8,722
                                                                    -----------
          Net property and equipment .......................              4,391

   Other Assets

     Accounts receivable - stockholder .....................                609
                                                                    -----------

                                                                    $    91,243
                                                                    ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

   Current Liabilities

     Accounts payable ......................................        $     1,077
     Other accrued liabilities .............................              3,312
                                                                    -----------
          Total Current Liabilities ........................              4,389


   Stockholders' Equity

     Common stock - no par value; authorized,
     50,000,000 shares; issued and
     outstanding, 30,283,411 shares ........................          2,029,568
     Accumulated deficit ...................................         (1,942,714)
                                                                    -----------
                                                                         86,854
                                                                    -----------

                                                                    $    91,243
                                                                    ===========

   The Accompanying Notes Are An Integral Part of These Financial Statements
 <PAGE>


                            Titan Technologies, Inc.
                            STATEMENTS OF OPERATIONS
                      For the Three Months Ended January 31
                                    UNAUDITED

                                                       2000            1999
                                                   ------------    ------------

REVENUES

   Other income ................................   $      8,810    $     17,054
                                                   ------------    ------------
                                                          8,810          17,054

COSTS AND EXPENSES

   General and administrative ..................         70,443          74,956
   Outside services ............................         18,000           2,129
   Depreciation and amortization ...............            438             644
                                                   ------------    ------------
                                                         88,881          77,729
                                                   ------------    ------------

   Loss before income taxes ....................        (80,071)        (60,675)

   Provision for income taxes ..................           --              --
                                                   ------------    ------------
   Net loss ....................................   $    (80,071)   $    (60,675)
                                                   ============    ============
   Weighted average common shares
     outstanding, basic and diluted (Note 2) ...     30,194,563      26,780,411
                                                   ============    ============

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

   The Accompanying Notes Are An Integral Part of These Financial Statements


<PAGE>


                            Titan Technologies, Inc.
                            STATEMENTS OF OPERATIONS
                       For the Six Months Ended January 31
                                    UNAUDITED

                                                       2000            1999
                                                   ------------    ------------

REVENUES

   Other income ................................   $     18,780    $     17,919
                                                   ------------    ------------
                                                         18,780          17,919

COSTS AND EXPENSES

   General and administrative ..................        126,039         146,659
   Outside services ............................         18,150           2,963
   Depreciation and amortization ...............            879           1,288
   Interest ....................................           --             3,361
                                                   ------------    ------------
                                                        145,068         154,271
                                                   ------------    ------------

   Loss before income taxes ....................       (126,288)       (136,352)

   Provision for income taxes ..................           --              --
                                                   ------------    ------------
   Net loss ....................................   $   (126,288)   $   (136,352)
                                                   ============    ============

   Weighted average common shares
     outstanding, basic and diluted (Note 2) ...     29,373,628      25,541,906
                                                   ============    ============

   Basic and diluted (loss) per common share ...   $       0.00    $      (0.01)
                                                   ============    ============

   The Accompanying Notes Are An Integral Part of These Financial Statements

<PAGE>


                            Titan Technologies, Inc.
                            STATEMENTS OF CASH FLOWS
                       For the Six Months Ended January 31
                                    UNAUDITED

                                                           2000          1999
                                                        ---------     ---------

Cash flows from operating activities
   Other receipts ..................................    $  18,780     $  15,460
   Interest received ...............................         --           2,459
   Cash paid for suppliers and subcontractors ......     (149,518)     (179,538)
   Interest paid ...................................         --          (3,361)
                                                        ---------     ---------
   Net cash used in operating activities ...........     (130,738)     (164,980)

Cash flows from investing activities
   Additions to notes receivable ...................         --         (25,366)
Cash flows from financing activities
   Proceeds from sale of common stock ..............      210,100       218,500
                                                        ---------     ---------

   Net increase in cash ............................       79,362        28,154

   Cash at beginning of year .......................        6,881        45,427
                                                        ---------     ---------

   Cash at end of period ...........................    $  86,243     $  73,581
                                                        =========     =========

Reconciliation of Net Loss to Net Cash Used in
   Operating Activities

   Net  loss .......................................    $(126,288)    $(136,352)
   Adjustments
   Depreciation and amortization ...................          879         1,288
   Changes in assets and liabilities
   Decrease in prepaid expenses ....................        5,555          --
   (Increase) decrease in accounts payable .........       (9,619)        1,836
   Increase in interest payable ....................         --           3,361
   Increase (decrease) in accrued liabilities ......       (1,265)          537
   Decrease in stockholders payables ...............         --         (35,650)
                                                        ---------     ---------

   Net cash used in operating activities ...........    $(130,738)    $(164,980)
                                                        =========     =========
Noncash investing and financing activities:

   During the six months ended January 31, 1999 certain  rights and patents with
   a net book value of  approximately  $75,000 were transferred to the developer
   in exchange for notes payable,  accrued interest and other liabilities to the
   developer totaling approximately $238,000.

   During the six months ended January 31, 1999 stock was issued in exchange for
   notes payable and accrued interest totaling $140,224.

   The Accompanying Notes Are An Integral Part of These Financial Statements

<PAGE>


                            Titan Technologies, Inc.
                          NOTES TO FINANCIAL STATEMENTS
                    For the Six Months Ended January 31, 2000

1)  NOTES TO FINANCIAL STATEMENTS

The balance sheet at January 31, 2000,  and the statements of operations for the
three months and six months ended  January 31, 2000 and 1999 and  statements  of
cash flows for the six months ended January 31, 2000 and 1999 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, 1999. The results of
operations  for the six  months  ended  January  31,  2000  are not  necessarily
indicative of operating results for the full year.

2)  ISSUANCE OF COMMON STOCK

During the three months ended October 31, 1999 the Company sold 1,080,000 shares
of common stock for which it received $107,400.

During the three months ended January 31, 2000 the Company sold 1,083,000 shares
of common stock for which it received $102,700.

3)  LOSS PER SHARE

Loss per common share is computed  using the weighted  average  number of common
shares outstanding  during the period.  Basic and diluted loss per share are the
same because the inclusion of options to purchase additional shares of stock 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:

   Improvement  of marketing  efforts for  recycling  development  of plants and
   plastics recycling technology as a marketable product.

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

   Defer payment of officer salaries if required.

Management  believes that these steps will allow the Registrant 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 Registrants 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


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

During the six months  ended  January 31,  2000,  the  Company had no  licensing
revenue. No plants are scheduled for construction at January 31, 2000.

Marketing  agreements with current marketers for North American and Asian rights
require,  among other things the marketers to sell certain numbers of plants per
year,  and require  payment to the Company,  by the owner of the plant of a 7.5%
royalty  on  the  net  sales  of  by-products.  Unless  other  arrangements  are
negotiated,  the  plants  will be  constructed  by the  Company  and sold to the
marketer at cost of the plant, plus a one-third markup on plant and installation
cost.

As a result of  activities  by management  general and  administrative  expenses
decreased  $4,513 to $70,433 and outside services  increased  $15,871 to $18,000
for the three months ended  January 31, 2000  compared to the three months ended
January 31,  1999.  General and  administrative  expenses  decreased  $20,620 to
$126,039 and outside  services  increased  $15,187 to $18,150 for the six months
ended January 31, 2000 compared to the six months ended January 31, 1999.

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

The  Company's  liquidity  increased in the six months ended January 31, 2000 as
cash increased by $79,362 since July 31, 1999. Operations used $130,738 compared
to the same period of the prior year in which operations used $164,980.

Year 2000 Issue
---------------

The Company has not  experienced  any problems with the year 2000 issue but will
continue  monitoring its operating  systems and its relationship  with suppliers
and other constiuents.


                   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

NONE

ITEM 3.  DEFAULTS IN SENIOR SECURITIES

NONE

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

At the Annual  Meeting of  Shareholders  held on December 17, 1999 the following
individuals  were elected to serve as directors of the  Registrant  by the votes
set forth opposite their respective names:

                            For             Withheld

     Ronald L. Wilder    15,671,160          20,000
     Ronald E. Allred    15,671,160          20,000
     Jelle DeBoer        15,671,160          20,000

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

     (b)  Reports on Form 8-K.  State  whether any reports on Form 8-K have been
filed  during the  quarter  for which this  report is filed,  listing  the items
reported, any financial statements filed, and the dates of any such reports.

NONE

                            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.


February 20, 2000     Ronald L. Wilder
                      -----------------------------------------------------
                      Ronald L. Wilder, President, Chief Executive Officer,
                      Chief Financial Officer and Chief Accounting Officer.