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,  1999

[  ]  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 June 5,
1999 was:
           No Par Value Common              26,780,411


Transitional Small Business Format:     Yes        No  X
                                            ---       ---

                         PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                   Titan Technologies, Inc. and Subsidiaries
                           CONSOLIDATED BALANCE SHEET
                                 April 30, 1999
                                   UNAUDITED

ASSETS

Current Assets
     Cash ..................................................        $    27,066
     Note and interest receivable ..........................             25,732
     Accounts receivable - stockholder .....................                609
                                                                    -----------
          Total Current Assets .............................             53,407

Property and Equipment, at cost
     Furniture and fixtures ................................              5,407
     Machinery .............................................              7,706
                                                                    -----------
                                                                         13,113

     Less accumulated depreciation .........................              7,129
                                                                    -----------
          Net property and equipment .......................              5,984
                                                                    -----------

                                                                    $    59,391
                                                                    ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
     Accounts payable ......................................        $     2,676
     Other accrued liabilities .............................              3,710
     Deferred revenue ......................................             39,353
                                                                    -----------
          Total Current Liabilities ........................             45,739


Stockholders' Equity
     Common stock - no par value; authorized,
     50,000,000 shares; issued and
     outstanding, 26,780,411 shares ........................          1,785,669
     Accumulated deficit ...................................         (1,772,017)
                                                                    -----------
                                                                         13,652
                                                                    -----------
                                                                    $    59,391
                                                                    ===========

   The Accompanying Notes Are An Integral Part of These Financial Statements


                   Titan Technologies, Inc. and Subsidiaries
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                       For the Three Months Ended April 30
                                   UNAUDITED


                                                   1999                1998
                                               ------------        ------------
REVENUES
     Loss on sale of assets .............      $       --          $       (174)
     Other income .......................            18,595               4,541
                                               ------------        ------------
                                                     18,595               4,367

COSTS AND EXPENSES

     General and administrative .........            63,248              64,562
     Outside services ...................             1,115                --
     Depreciation and amortization ......               644              (1,130)
     Interest ...........................              --                 3,360
                                               ------------        ------------
                                                     65,007              66,792
                                               ------------        ------------

     Income (loss) before income taxes ..           (46,412)            (62,425)

     Provision for income taxes .........              --                  --
                                               ------------        ------------

     Net income (loss) ..................      $    (46,412)       $    (62,425)
                                               ============        ============
     Weighted average common shares
          outstanding, basic and
          diluted (Note 2) ..............        26,780,411          22,002,593
                                               ============        ============

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

   The Accompanying Notes Are An Integral Part of These Financial Statements


                   Titan Technologies, Inc. and Subsidiaries
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                       For the Nine Months Ended April 30
                                   UNAUDITED


                                                       1999            1998
                                                   ------------    ------------

REVENUES

     Plant licensing ....................          $       --      $     39,353
     Loss on sale of assets .............                  --              (174)
     Other income .......................                36,514           5,582
                                                   ------------    ------------
                                                         36,514          44,761

COSTS AND EXPENSES

     General and administrative .........               209,907         206,061
     Outside services ...................                 4,078          12,733
     Depreciation and amortization ......                 1,932           1,491
     Interest ...........................                 3,361          10,080
                                                   ------------    ------------
                                                        219,278         230,365
                                                   ------------    ------------

     Income (loss) before income taxes ..              (182,764)       (185,604)

     Provision for income taxes .........                  --              --

     Net income (loss) ..................          $   (182,764)   $   (185,604)
                                                   ============    ============
     Weighted average common shares
     outstanding, basic and diluted
          (Note 2) ......................            25,945,667      22,002,593
                                                   ============    ============

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

   The Accompanying Notes Are An Integral Part of These Financial Statements


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

                                                          1999           1998
                                                       ---------      ---------
Cash flows from operating activities
    Cash from customers ..........................     $    --        $  39,353
    Other receipts ...............................        33,245          4,423
    Interest received ............................         3,269          1,159
    Cash paid for suppliers and
        subcontractors ...........................      (244,283)      (183,154)
    Interest paid ................................        (3,361)       (10,080)
                                                       ---------      ---------
    Net cash provided by (used in)
        operating activities .....................      (211,130)      (148,299)
Cash flows from investing activities
    Acquisition of property and equipment ........          --          (32,277)
    Proceeds from sale of assets .................          --           24,606
    Additions to notes receivable ................       (25,732)          --
                                                       ---------      ---------
                                                         (25,732)        (7,761)
Cash flows from financing activities
    Proceeds from sale of common stock ...........       218,500        157,250
    Proceeds from stockholder loan ...............          --           12,350
                                                       ---------      ---------
                                                         218,500        170,000

    Net increase (decrease) in cash ..............       (18,362)        14,030
                                                       ---------      ---------

    Cash at beginning of year ....................        45,427          3,125
                                                       ---------      ---------

    Cash at end of period ........................     $  27,065      $  17,155
                                                       =========      =========
Reconciliation of Net Loss to Net Cash
    Used in Operating Activities
    Net  (loss) ..................................     $(182,764)     $(185,604)
    Adjustments
    Loss on sale of assets .......................          --             (174)
    Depreciation and amortization ................         1,932          1,491
    Changes in assets and liabilities
    Increase in accounts payable .................         1,762          5,023
    Increase in interest payable .................         3,361         10,080
    Increase in accrued liabilities ..............           230         20,537
    Decrease in stockholders payables ............       (35,650)          --
                                                       ---------      ---------

    Net cash used in operating activities ........     $(211,130)     $(148,299)
                                                       =========      =========

Noncash investing and financing activities:
    During the nine months ended April 30, 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.

 The Accompanying Notes Are An Integral Part of These Financial Statements


                    Titan Technologies, Inc. and Subsidiaries
                          NOTES TO FINANCIAL STATEMENTS
                    For the Nine Months Ended April 30, 1999

1)  NOTES TO FINANCIAL STATEMENTS

The balance sheet at April 30, 1999,  and the  statements of operations  for the
three  months and nine months  ended April 30, 1999 and 1998 and  statements  of
cash flow for the nine months  ended April 30, 1999 and 1998 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, 1998. The results of
operations  for the  nine  months  ended  April  30,  1999  are not  necessarily
indicative of operating results for the full year.

2)  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Net income  (loss) per common share is  calculated  using the  weighted  average
number of share outstanding during each period.

3)  ISSUANCE OF COMMON STOCK

In August  1997 the Company  sold  580,000  shares of common  stock for which it
received $145,000.

During the six months ended January 31, 1999 the Company sold  2,185,000  shares
of common stock for which it received $218,500.

On October 20, 1998 the Company  settled a lawsuit and the parties agreed to the
following:
(a)  1,000,000  shares of stock  previously  issued for sale in Europe  would be
returned to the Company;
(b) a creditor  canceled the obligation of the Company in exchange for 2,500,000
shares of the Company's stock. The debt and accrued interest totaled $140,224.

4) CERTAIN TRANSACTIONS

In order to raise working  capital,  on April 23, 1998, the company sold a truck
to Jeff Wilder,  an employee of Tire Recycling  Technologies  Corp., for $16,830
and the  forgiveness of one month's  salary due but unpaid to Jeff Wilder.  Jeff
Wilder  granted Tire Recycling  Technologies  Corp. the right to continue to use
the truck for its  business  purposes and the right to  repurchase  the truck by
assuming the amount of the loan and repaying all payments made by Jeff Wilder on
the bank note signed by him to finance his purchase of the truck. Jeff Wilder is
the son of Ronald L Wilder, the President of Tire Recycling Technologies Crop.

On May 22, 1998, the Company granted an option to purchase 300,000 shares of its
common  stock to Jeff  Wilder  and to Dana  Finley,  both of whom are  full-time
Company employees. Each option grants the holder the right, for a period of five
years from the date of the option, to purchase all or any part of 300,000 shares
of the Company's stock at an exercise price per share of $0.24, the market price
of the Company's stock on May 22, 1998.

The Company granted an option to purchase 300,000 shares of the Company's common
stock to Dr. Ronald Allred, in recognition of the time and effort devoted by him
and by Adherent  Technology to advancing the  Company's  technology.  The option
grants the  holder  the  right,  for a period of five years from the date of the
option,  to purchase 300,000 shares of the Company's common stock at an exercise
price per share of $0.24.  The option may be exercised at any time, or from time
to time, for all or any pert of the shares subject to the option.

5)  LOSS PER SHARE

Loss per common share is computed  using the weighted  average  number of common
shares outstanding during the period. The Company adopted Statement of Financial
Accounting  Standards  No. 128,  "Earnings  Per Share " during the quarter ended
January 31,  1998.  Since the Company has only  common  stock  outstanding,  the
adoption of this standard had no significant  effect on the Company's  financial
statements.

The Company merged with its wholly owned subsidiary, Tire Recycling Technologies
Corporation,  effective  April 26, 1999. The subsidiary was dissolved as of that
date.

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

Results of Operations

During the nine months  ended  April 30,  1999,  the  Company  had no  licensing
revenue.  During the year ended July 31, 1996 the Company granted tire recycling
license rights for Europe, Australia, New Zealand and South Africa to a company.
As a result of certain acts by the  principals of that company,  the  Registrant
exercised its right to terminate the license  agreement.  Other persons who have
been assisting the licensee in establishing  its plant in Austria have expressed
their desire to continue  with the project under a new license.  The  Registrant
has, in principle,  agreed with that proposal,  but no new license agreement has
yet been negotiated. No plants are scheduled for construction at April 30, 1999.
As a  result  of these  activities  by  management  general  and  administrative
expenses  increased $3,846 to $209,907 and outside services  decreased $8,655 to
$4,078 for the nine  months  ended  April 30,  1999  compared to the nine months
ended April 30, 1998.

Financial Condition

The  Company's  liquidity  decreased  in the nine months ended April 30, 1999 as
cash decreased by $18,362 since July 31, 1998. Operations used $211,130 compared
to the same period of the prior year in which operations used $148,299.

Year 2000 Issue

Many  existing  computer  programs use only two digits to identify a year in the
date field (i.e.  12/31/99).  These programs were designed and developed without
considering the impact of the upcoming change in the century.  If not corrected,
many computer  applications  could fail or create erroneous results by or at the
Year 2000 (the "Year 2000 Issue").

The Company has  addressed  the Year 2000 Issue  relating to its  business,  its
operations   (including  operating  systems)  and  its  relationships  with  its
suppliers  and other  constituents.  All computer  software  used to process the
company's  financial,   accounting  and  reporting   information  are  presently
compliant in this issue. The Company has no significant  electronic  interaction
with its customers,  suppliers,  creditors or financial  service  organizations.
Management  does not expect that the Year 2000 Issue,  or the cost of addressing
it  will  have a  material  impact  on its  business,  operations  or  financial
condition.  However,  management intends to review, on an ongoing basis, whether
there are any changes in anticipated costs, problems or uncertainties associated
with the Year 2000 Issue.


                           PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

The only legal proceedings to which the Registrant is a party to or of which any
of its property is subject to, or is pending or known to be contemplated are the
following:

1.   Recently the Company received a demand for money and a threat of litigation
     from a law firm in California representing a client claiming that through a
     contract with Don Won Company,  Inc., a Korean corporation,  he is entitled
     to a fee  resulting  from the sale of a  TRTM-60  plant  to  purchasers  in
     Taiwan. The Company has asked for additional  clarification but has not yet
     received a response.

The  Company  knows of no other  legal  proceedings  pending  or  threatened  or
judgement 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

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

(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. AND SUBSIDIARIES




June 7, 1999  Ronald L. Wilder
              -----------------------------------------------------------
              Ronald L. Wilder, President, Chief Executive Officer, Chief
              Financial Officer and Chief Accounting Officer.