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, 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
    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 fiscal year,
                          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 19, 2000 was:

                   No Par Value Common              32,736,561


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


<PAGE>



                          PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                            Titan Technologies, Inc.
                                  BALANCE SHEET
                                 April 30, 2000
                                    UNAUDITED

ASSETS

      Current Assets

         Cash ...............................................       $   234,951

      Property and Equipment, at cost

         Furniture and fixtures .............................             5,407
         Machinery ..........................................             7,706
                                                                    -----------
                                                                         13,113

         Less accumulated depreciation ......................             9,160
                                                                    -----------
                  Net property and equipment ................             3,953

      Other Assets

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

                                                                    $   239,513
                                                                    ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

      Current Liabilities

         Accounts payable ...................................       $     1,095
         Other accrued liabilities ..........................               792
                                                                    -----------
Total Current Liabilities ...................................             1,887


      Stockholders' Equity

         Common stock - no par value; authorized,
         50,000,000 shares; issued and
         outstanding, 32,736,561 shares .....................         2,247,932
         Accumulated deficit ................................        (2,010,306)
                                                                    -----------
                                                                        237,626
                                                                    -----------
                                                                    $   239,513
                                                                    ===========

    The Accompanying Notes Are An Integral Part of These Financial Statements

<PAGE>


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

                                                       2000            1999
                                                   ------------    ------------
REVENUES

   Other income ................................   $      8,615    $     18,595
                                                   ------------    ------------
                                                          8,615          18,595

COSTS AND EXPENSES

   General and administrative ..................         57,770          63,248
   Outside services ............................         18,000           1,115
   Depreciation and amortization ...............            438             644
                                                   ------------    ------------
                                                         76,208          65,007
                                                   ------------    ------------

   Loss before income taxes ....................        (67,593)        (46,412)

   Provision for income taxes ..................           --              --
                                                   ------------    ------------
   Net loss ....................................   $    (67,593)   $    (46,412)
                                                   ============    ============

   Weighted average common shares
     outstanding, basic and diluted (Note 2) ...     31,107,172      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 Nine Months Ended April 30
                                    UNAUDITED

                                                       2000            1999
                                                   ------------    ------------
REVENUES

   Other income ................................   $     27,395    $     36,514
                                                   ------------    ------------
                                                         27,395          36,514

COSTS AND EXPENSES

   General and administrative ..................        183,809         209,907
   Outside services ............................         36,150           4,078
   Depreciation and amortization ...............          1,317           1,932
   Interest ....................................           --             3,361
                                                   ------------    ------------
                                                        221,276         219,278
                                                   ------------    ------------

   Loss before income taxes ....................       (193,881)       (182,764)
   Provision for income taxes ..................           --              --
                                                   ------------    ------------
   Net loss ....................................   $   (193,881)   $   (182,764)
                                                   ============    ============
   Weighted average common shares
     outstanding, basic and diluted (Note 2) ...     29,949,717      25,945,667
                                                   ============    ============

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

    The Accompanying Notes Are An Integral Part of These Financial Statements

<PAGE>


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

                                                          2000          1999
                                                        ---------     ---------
Cash flows from operating activities
    Other receipts .................................    $  27,395     $  33,245
    Interest received ..............................         --           3,269
    Cash paid for suppliers and subcontractors .....     (227,789)     (244,283)
    Interest paid ..................................         --          (3,361)
                                                        ---------     ---------
    Net cash used in operating activities ..........     (200,394)     (211,130)

Cash flows from investing activities
    Additions to notes receivable ..................         --         (25,732)
Cash flows from financing activities
    Proceeds from sale of common stock .............      428,464       218,500
                                                        ---------     ---------

    Net increase (decrease) in cash ................      228,070       (18,362)

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

    Cash at end of period ..........................    $ 234,951     $  27,065
                                                        =========     =========
Reconciliation of Net Loss to Net Cash Used in
    Operating Activities
    Net  loss ......................................    $(193,881)    $(182,764)
    Adjustments
    Depreciation and amortization ..................        1,317         1,932
    Changes in assets and liabilities
    Decrease in prepaid expenses ...................        5,555          --
    (Increase) decrease in accounts payable ........       (9,600)        1,761
    Increase in interest payable ...................         --           3,361
    Increase (decrease) in accrued liabilities .....       (3,785)          230
    Decrease in stockholders payables ..............         --         (35,650)
                                                        ---------     ---------
    Net cash used in operating activities ..........    $(200,394)    $(211,130)
                                                        =========     =========
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.

      During the nine  months  ended April 30, 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 Three Months and Nine Months Ended April 30, 2000

1) BASIS OF PRESENTATION

The balance sheet at April 30, 2000,  and the  statements of operations  for the
three  months and nine months  ended April 30, 2000 and 1999 and  statements  of
cash flows for the nine months ended April 30, 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  nine  months  ended  April  30,  2000  are not  necessarily
indicative of operating results for the full year.

2)  ISSUANCE OF COMMON STOCK

During the nine months ended April 30, 1999 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.

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

During the three months ended April 30, 2000 the Company sold  2,453,150  shares
of common stock for which it received $218,364.

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.


<PAGE>



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 nine months  ended  April 30,  2000,  the  Company  had no  licensing
revenue. No plants are scheduled for construction at April 30, 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  $5,478 to $57,770 and outside services  increased  $16,885 to $18,000
for the three months ended April 30, 2000  compared the three months ended April
30.  General and  administrative  expenses  decreased  $26,098 to  $183,809  and
outside  services  increased  $32,072 to $36,150 for the nine months ended April
30, 2000 compared to the nine months ended April 30, 1999.

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

The  Company's  liquidity  increased  in the nine months ended April 30, 2000 as
cash  increased  by  $228,070  since July 31,  1999.  Operations  used  $200,394
compared to the same period of the prior year in which operations used $211,130.

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 constituents.


<PAGE>


                           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

The  Company's  by-laws had not been  reviewed or amended  since the Company was
originally  incorporated.  The board of directors met on May 31, 2000 and agreed
that the Company's by-laws be replaced in their entirety by the by-laws reviewed
by the directors.

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.


May 19, 2000  Ronald L. Wilder
              -----------------------------------------------------------
              Ronald L. Wilder, President, Chief Executive Officer, Chief
              Financial Officer and Chief Accounting Officer.