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 October 31, 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
December 3, 1999 was:

           No Par Value Common              30,265,411


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


PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                            Titan Technologies, Inc.
                                  BALANCE SHEET
                                October 31, 1999
                                    UNAUDITED
ASSETS

   Current Assets
     Cash ..................................................        $    70,218

   Property and Equipment, at cost
     Furniture and fixtures ................................              5,407
     Machinery .............................................              7,706
                                                                    -----------
                                                                         13,113
     Less accumulated depreciation .........................              8,284
                                                                    -----------
          Net property and equipment .......................              4,829

   Other Assets
     Accounts receivable - stockholder .....................                609
                                                                    -----------

                                                                    $    75,656
                                                                    ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

   Current Liabilities
     Accounts payable ......................................        $     8,677
     Other accrued liabilities .............................              2,754
                                                                    -----------
          Total Current Liabilities ........................             11,431


   Stockholders' Equity
     Common stock - no par value; authorized,
     50,000,000 shares; issued and
     outstanding, 29,200,411 shares ........................          1,926,868
     Accumulated deficit ...................................         (1,862,643)
                                                                    -----------
                                                                         64,225
                                                                    -----------

                                                                    $    75,656
                                                                    ===========

The Accompanying Notes Are An Integral Part of These Fianacial Statements


                            Titan Technologies, Inc.
                            STATEMENTS OF OPERATIONS
                   For the Three Months Ended October 31, 1999
                                    UNAUDITED


                                                       1999            1998
                                                   ------------    ------------
REVENUES

   Other income ................................   $      9,970    $        865
                                                   ------------    ------------
                                                          9,970             865

COSTS AND EXPENSES

   General and administrative ..................         55,596          71,703
   Outside services ............................            150             834
   Depreciation and amortization ...............            441             644
   Interest ....................................           --             3,361
                                                   ------------    ------------
                                                         56,187          76,542
                                                   ------------    ------------

   Loss before income taxes ....................        (46,217)        (75,677)

   Provision for income taxes ..................           --              --
                                                   ------------    ------------
   Net loss ....................................   $    (46,217)   $    (75,677)
                                                   ============    ============
   Weighted average common shares
     outstanding, basic and diluted (Note 2) ...     28,555,964      23,978,400
                                                   ============    ============

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

The Accompanying Notes Are An Integral Part of These Fianacial Statements


                     Titan Technologies, Inc.
                     STATEMENTS OF CASH FLOWS
               For the Three Months Ended October
UNAUDITED
                                                        1999         1998
Cash flows from operating activities
   Other receipts ..................................    $   9,970     $    --
   Interest received ...............................         --             865
   Cash paid for suppliers and subcontractors ......      (54,033)      (96,875)
   Interest paid ...................................         --          (3,361)
                                                        ---------     ---------
   Net cash used in operating activities ...........      (44,063)      (99,371)

Cash flows from investing activities ...............         --            --

Cash flows from financing activities
   Proceeds from sale of common stock ..............      107,400       218,500
                                                        ---------     ---------

   Net increase in cash ............................       63,337       119,129

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

   Cash at end of period ...........................    $  70,218     $ 164,556
                                                        =========     =========
Reconciliation of Net Loss to Net Cash Used in
   Operating Activities
   Net  loss .......................................    $ (46,217)    $ (75,677)
   Adjustments
   Depreciation and amortization ...................          441           644
   Changes in assets and liabilities
   Decrease in prepaid expenses ....................        5,555          --
   Increase in accounts payable ....................        5,615         2,323
   Increase in interest payable ....................         --           3,361
   Increase (decrease) in accrued liabilities ......       (1,823)        5,628
   Decrease in stockholders payables ...............       (7,634)      (35,650)
                                                        ---------     ---------
   Net cash used in operating activities ...........    $ (44,063)    $ (99,371)
                                                        =========     =========

Noncash investing and financing activities:
   During fiscal 1999 the Company exchanged  2,500,000 shares of common stock in
   settlement  of debt and accrued  interest to a  stockholder  which had a book
   value at the time of the exchange of $140,225.

The Accompanying Notes Are An Integral Part of These Fianacial Statements


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

1)  NOTES TO FINANCIAL STATEMENTS

The balance sheet at October 31, 1999,  and the statements of operations for the
three months ended  October 31, 1999 and 1998 and  statements  of cash flows for
the three  months  ended  October 31, 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,  1999.  The  results  of
operations  for the three  months  ended  October 31,  1999 are not  necessarily
indicative of operating results for the full year.

2)  ISSUANCE OF COMMON STOCK

On October 20, 1998 the Company  exchanged  2,500,000  shares of common stock in
settlement  of debt and accrued  interest  which had a book value at the time of
the exchanger of $140,225.

During the three months ended October 31, 1998 the Company sold 2,185,000 shares
of common stock for which it received $218,500.

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

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 to not include any
adjustments  relating to the recoverability and classification of recorded asset
amounts  that might be  necessary to 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  technology to
a marketable product.

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

Defer officer salaries if required.

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

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

During the three  months ended  October 31,  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.
The  agreement  requires the payment of license fees of $1,500,000 to $2,500,000
to the Company for each plant  constructed  and  royalties  of 3.5% of the gross
sales  price of  by-products  from the  plants.  No  plants  are  scheduled  for
construction at October 31, 1999.

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 $16,107 to $55,596 and outside services decreased $684 to $150 for the
three months ended  October 31, 1999  compared to the three months ended October
31, 1999.

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

The  Company's  liquidity  increased in the three months ended  October 31, 1999
cash increased by $63,337 since July 31, 1999.  Operations used $44,603 compared
to the same period of the prior year in which operations used $99,371.

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 relationship 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 with the Year 2000 Issue.

                   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

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.


December 5, 1999      Ronald L. Wilder
                      ---------------------------------------------------------
                      Ronald L. Wilder, President, Chief Executive Officer,
                      Chief Financial Officer and Chief Accounting Officer.