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, 2001

[   ]   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 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 May 21,
2001 was:       No Par Value Common     34,454,893

Transitional Small Business Format:        Yes [ ]     No [X]



                         PART I. FINANCIAL INFORMATION

                            Titan Technologies, Inc.
                                  BALANCE SHEET
                                 April 30, 2001
                                    UNAUDITED

ASSETS

 Current Assets
   Cash ....................................................        $    18,003

 Property and Equipment, at cost
   Furniture and fixtures ..................................              5,407
   Machinery ...............................................              7,706
                                                                    -----------
                                                                         13,113
   Less accumulated depreciation ...........................             10,434
                                                                    -----------
      Net property and equipment ...........................              2,679

 Other Assets
   Accounts receivable - stockholder .......................                609
                                                                    -----------
                                                                    $    21,291
                                                                    ===========
LIABILITIES AND STOCKHOLDERS' EQUITY

 Current Liabilities
   Accounts payable ........................................        $     2,556
   Other accrued liabilities ...............................              4,860
                                                                    -----------
      Total Current Liabilities ............................              7,416

 Stockholders' Equity
   Common stock - no par value; authorized,
   50,000,000 shares;issued and outstanding,
   34,439,893 shares .......................................          2,422,432
 Accumulated deficit .......................................         (2,408,557)
                                                                    -----------
                                                                         13,875
                                                                    -----------

                                                                    $    21,291
                                                                    ===========

        The accompanying notes are an integral part of these statements.


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

                                                       2001            2000
                                                   ------------    ------------
REVENUES
  Other income .................................   $      8,530    $      8,615
                                                   ------------    ------------
COSTS AND EXPENSES

  General and administrative ...................         50,626          57,770
  Outside services .............................          6,507          18,000
  Depreciation .................................            279             438
                                                   ------------    ------------
                                                         57,412          76,208

  Loss before income taxes .....................        (48,882)        (67,593)

  Provision for income taxes ...................           --              --
                                                   ------------    ------------
  Net Loss .....................................   $    (48,882)   $    (67,593)
                                                   ============    ============

  Weighted average common shares
    outstanding, basic and diluted (Note 3) ....     34,304,504      31,107,172
                                                   ============    ============

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

        The accompanying notes are an integral part of these statements.


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

                                                       2001            2000
                                                   ------------    ------------

REVENUES
  Other income .................................   $     25,790    $     27,395

COSTS AND EXPENSES

  General and administrative ...................        182,709         183,809
  Outside services .............................         59,308          36,150
  Depreciation .................................            836           1,317
                                                   ------------    ------------
                                                        242,853         221,276

  Loss before income taxes .....................       (217,063)       (193,881)

  Provision for income taxes ...................           --              --
                                                   ------------    ------------
  Net Loss .....................................   $   (217,063)   $   (193,881)
                                                   ============    ============

  Weighted average common shares
    outstanding, basic and diluted (Note 3) ....     34,181,430      29,949,717
                                                   ============    ============

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

        The accompanying notes are an integral part of these statements.


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

                                                           2001          2000
                                                        ---------     ---------

Cash flows from operating activities
  Cash received from subcontractor .................    $  25,790     $  27,395
  Cash paid for suppliers and employees ............     (239,467)     (227,789)
                                                        ---------     ---------

  Net cash used in operating activities ............     (213,677)     (200,394)

Cash flows from financing activities
  Proceeds from sale of common stock ...............       74,500       428,464
                                                        ---------     ---------

  Net (decrease) increase in cash ..................     (139,177)      228,070

  Cash at beginning of year ........................      157,180         6,881
                                                        ---------     ---------

  Cash at end of period ............................    $  18,003     $ 234,951
                                                        =========     =========

Reconciliation of Net Loss to Net Cash Used in
  Operating Activities

Net Loss ...........................................    $(217,063)    $(193,881)
Adjustments to reconcile net loss to net cash
   used in Operating Activities:
  Depreciation .....................................          836         1,317
  Changes in assets and liabilities
    Decrease in prepaid expenses ...................        1,025           555
    (Decrease) increase in accounts payable ........         (279)       (9,600)
    Increase (decrease) in accrued liabilities .....        1,804        (3,785)
                                                        ---------     ---------

Net cash used in operating activities ..............    $(213,677)    $(205,394)
                                                        =========     =========

        The accompanying notes are an integral part of these statements.


                            Titan Technologies, Inc.
                         NOTES TO FINANCIAL STATEMENTS
                            April 30, 2001 and 2000


1) BASIS OF PRESENTATION

The balance sheet at April 30, 2001 and the  statements  of  operations  for the
three  months and nine months  ended April 30, 2001 and 2000 and  statements  of
cash flows for the nine months ended April 30, 2001 and 2000 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, 2000. The results of
operations  for the  nine  months  ended  April  30,  2001  are not  necessarily
indicative of operating results for the full year.


2)  ISSUANCE OF COMMON STOCK

During the nine months ended April 30, 2000 the Company sold 4,615,150 shares of
common stock for which it received $428,464.

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


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 because the inclusion of options to purchase additional shares of stock
are antidilutive.


4)  LICENSE DISPUTE

During the nine months ended April 30, 2001, the Registrant learned that a
California company, Envirotire was identifying itself as the North American
representative for the Registrant's tire recycling technology based on a letter
of understanding between the parties dated March 17, 1999. If valid, the
agreement would convey most of the Registrant's North American marketing rights
to Envirotire. It is the Registrant's belief that a license agreement was never
completed and approved by the parties. The Registrant believes that Envirotire
has no licensing rights under the letter of understanding and is considering its
remedies.


5)  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.

     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 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 nine months  ended  April 30,  2001,  the  Company  had no  licensing
revenue. No plants are scheduled for construction at April 30, 2001.

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.

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 $1,100 to $182,709 and outside services  increased  $23,158 to $59,308
for the nine months ended April 30, 2001 compared to the nine months ended April
30, 2000.

Financial Condition

The  Company's  liquidity  decreased  in the nine months ended April 30, 2001 as
cash  decreased  by  $139,177  since July 31,  2000.  Operations  used  $213,677
compared to the same period of the prior year in which operations used $200,394.


                           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 third  quarter  ended April 30,  2001,  we sold common stock to seven
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
        --------            -------------         -------------
        02/06/01               145,000               $14,500
        02/26/01                60,000                 6,000
        04/24/01                20,000                 2,000
        04/25/01                65,000                 6,500
                               -------               -------
                               290,000               $29,000
                               =======               =======

During the quarter ended April 30, 2001,  30,000 shares of our common stock were
issued to an attorney for legal services performed.

We relied on Rule 147 and Section  4(2) of the  Securities  Act of 1933 and Rule
506 of  Regulation D 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 Securities  Transfer  Corporation,  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.

May 21, 2001    Ronald L. Wilder
                -----------------------------------------------------------
                Ronald L. Wilder, President, Chief Executive Officer, Chief
                Financial Officer and Chief Accounting Officer.