U.S. Securities and Exchange Commission

                             Washington, D.C. 20549

                                   Form 10-QSB

(Mark One)

[X]  Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934 For the quarterly period ended March 31, 2001.

[  ] Transition  report under Section 13 or 15(d) of the  Securities  Exchange
     Act of 1934

     For the transition period from ------------ to ------------.

         Commission file number          002-41703
                                 ----------------------------

                       DIVERSIFIED TECHNOLOGIES GROUP, INC
          -------------------------------------------------------------
                     (Exact name of small business issuer as
                            specified in its charter)

       Nevada                                             43-159416
--------------------------------------------------------------------------------
(State or other jurisdiction                          (IRS Employer
 of incorporation or organization)                   Identification No.)

                   48 S.W. 16TH Street, Dania Beach, FL 33004
                   ------------------------------------------
                    (Address of principal executive offices)

                                 (954) 927-0034
                            Issuer's telephone number


              (Former name, former address and former fiscal year,
                         if changed since last report.)



                      APPLICABLE ONLY TO CORPORATE ISSUERS

     State the number of shares  outstanding of each of the issuer's  classes of
common  equity,  as of the latest  practical  date:  March 31,  2001  22,540,000

     Transitional Small Business  Disclosure Format (check one). Yes ; No X



<PAGE>



                                     PART I


Item 1.  Financial Statements



                         INDEPENDENT ACCOUNTANT'S REPORT


Diversified Technologies Group, Inc.
(A Development Stage Company)

     We have reviewed the accompanying balance sheet of Diversified Technologies
Group,  Inc. (A Development Stage Company) as of March 31, 2001 and December 31,
2000,  and the related  statements  of  operations  and cash flows for the three
month periods ended March 31, 2001 and 2000. These financial  statements are the
responsibility of the Company's management.

     We conducted our review in accordance  with  standards  established  by the
American  Institute  of  Certified  Public  Accountants.  A  review  of  interim
financial  information consists principally of applying analytical procedures to
financial  data and making  inquiries of persons  responsible  for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of which is
the expression of an opinion regarding the financial statement taken as a whole.
Accordingly, we do not express such an opinion.

     Based on our review,  we are not aware of any material  modifications  that
should  be made  to the  accompanying  financial  statements  for  them to be in
conformity with generally accepted accounting principles.

                                            Respectfully submitted



                                            \s\ Robison, Hill & Co.
                                            Certified Public Accountants

Salt Lake City, Utah
May 14, 2001







                                        3

<PAGE>



                      DIVERSIFIED TECHNOLOGIES GROUP, INC.
                          (A Development Stage Company)
                                 BALANCE SHEETS
                                   (Unaudited)


                                                         March 31,  December 31,
                                                           2001         2000
                                                         ---------    ---------
ASSETS
Current Assets
    Cash .............................................   $    --      $     417
                                                         ---------    ---------

         Total Assets ................................   $    --      $     417
                                                         =========    =========


LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
     Accounts Payable ................................   $    --      $   5,779
     Loans Payable - Shareholders ....................      15,262        9,900
                                                         ---------    ---------

         Total Liabilities ...........................      15,262       15,679
                                                         ---------    ---------

Stockholders' Equity:
  Preferred Stock, Par value $.001
     Authorized 10,000,000 shares
     Issued - None ...................................        --           --
  Common Stock, Par value $.001
    Authorized 100,000,000 shares,
    Issued 22,540,000 shares at March 31,
    2001 and December 31, 2000 .......................      22,540       22,540
  Paid-In Capital ....................................     543,243      543,243
  Retained Deficit ...................................    (536,688)    (536,688)
  Deficit Accumulated During the
    Development Stage ................................     (44,357)     (44,357)
                                                         ---------    ---------

        Total Stockholders' Equity ...................     (15,262)     (15,262)
                                                         ---------    ---------

        Total Liabilities and Stockholders' Equity ...   $    --      $     417
                                                         =========    =========







                 See accompanying notes and accountants' report

                                        4

<PAGE>



                      DIVERSIFIED TECHNOLOGIES GROUP, INC.
                          (A Development Stage Company)
                             STATEMENT OF OPERATIONS
                                   (Unaudited)




                                                     Cumulative
                                                     since
                                                     October 4,
                                For the Three Months 2000
                                   Ended             inception of
                                   March 31,         development
                                ------------------
                                  2001      2000      stage
                                -------   --------   --------

Revenues .....................  $  --     $   --     $   --
                                -------   --------   --------

Expenses
  Selling, general and
  administrative expenses ....     --        1,000     44,357
                                -------   --------   --------

Operating Income (Loss) ......     --       (1,000)   (44,357)
                                -------   --------   --------

Income (Loss) before taxes ...     --       (1,000)   (44,357)
Income taxes .................     --         --         --
                                -------   --------   --------

       Net Income (Loss) .....  $  --     $ (1,000)   $(44,357)
                                =======   ========    ========

Basic & Diluted loss per share  $   --    $   --
                                =======   ========


















                 See accompanying notes and accountants' report

                                        5

<PAGE>




                      DIVERSIFIED TECHNOLOGIES GROUP, INC.
                          (A Development Stage Company)
                             STATEMENT OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>


                                                                       Cumulative
                                                                       since
                                                                       October 4,
                                                                       2000
                                           For the Three Months Ended  inception of
                                                       March 31,       development
                                                    ------------------
                                                     2001       2000     stage
                                                    -------   --------  --------
Cash Flows from Operating Activities:
<S>                                                 <C>       <C>       <C>
    Net Loss .....................................  $  --     $ (1,000) $(44,357)

Adjustments to reconcile net loss to net
   cash used in operating activities:
   Issuance of stock for expenses ................     --        1,000      --

Change in operating assets and liabilities:
  Accounts Payable ...............................   (5,779)      --      29,095
  Shareholder Loans ..............................    5,362       --      15,262
                                                    -------   --------  --------

        Net cash used in operating activities ....     (417)      --        --
                                                    -------   --------  --------

Cash Flows from Investing Activities:
        Net cash provided by investing activities      --         --        --
                                                    -------   --------  --------

Cash Flows from Financing Activities:
   Issuance of Common Stock ......................     --         --        --
                                                    -------   -------- --------

         Net cash provided by Financing Activities     --         --        --
                                                    -------   --------  --------

Net change in cash and cash equivalents ..........     (417)      --        --
Cash and cash equivalents
at beginning of period ...........................      417       --        --
                                                    -------   --------  --------

Cash and cash equivalents at end of period .......  $  --     $   --    $   --
                                                    =======   ========  ========
</TABLE>







                                        6

<PAGE>




                      DIVERSIFIED TECHNOLOGIES GROUP, INC.
                          (A Development Stage Company)
                             STATEMENT OF CASH FLOWS
                                   (Unaudited)


                                                                    Cumulative
                                                                    since
                                                                    October 4,
                                                                    2000
                                        For the Three Months Ended  inception of
                                                      March 31,     development
                                                   ----------------
                                                    2001     2000     stage
                                                   -----   -------- ---------


SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
  Interest ......................................  $ --    $   --    $    --
                                                   ------  --------  ---------
  Franchise and income taxes ....................  $ --    $   --    $    --
                                                   ------  --------  ---------

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING
ACTIVITIES: None
























                 See accompanying notes and accountants' report

                                        7

<PAGE>



                      DIVERSIFIED TECHNOLOGIES GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                    FOR THE THREE MONTHS ENDED MARCH 31, 2001
                                   (Unaudited)

NOTE 1 - ORGANIZATION AND SUMMARY OF ACCOUNTING POLICIES

     The  accompanying  unaudited  financial  statements  have been  prepared in
accordance with generally  accepted  accounting  principles and with Form 10-QSB
requirements.  Accordingly,  they  do not  include  all of the  information  and
footnotes  required by generally  accepted  accounting  principles  for complete
financial statements.  In the opinion of management,  all adjustments considered
necessary for a fair presentation have been included.  Operating results for the
three month period ended March 31, 2001,  is not  necessarily  indicative of the
results that may be expected for the year ended December 31, 2001.

Organization and Basis of Presentation

     The  Company  was  incorporated  under the laws of the State of Delaware on
February 5, 1969,  the Company  reincorporated  and changed its  domicile to the
State of Nevada on October 4, 2000.  The Company on  December  1, 1999,  entered
into an agreement  (Reorganization  Agreement) to acquire all of the outstanding
capital stock of S&J (Chatteris)  Holdings Limited, a United Kingdom corporation
(S&J Holdings).  Pursuant to the Reorganization Agreement, the Company agreed to
acquire all of the  outstanding  capital  stock of S&J in exchange for shares of
Common  Stock.  The  Reorganization  Agreement  required S&J Holdings to perform
certain  conditions,  including  the delivery of audited  financial  statements.
These  conditions  had not been fulfilled by February 14, 2000;  therefore,  the
agreement  was  rescinded and deemed to have been void and of no effect from the
beginning  as if the  acquisition  had not  occurred.  All shares  issued in the
acquisition   were  returned  to  treasury.   The  Company  also  attempted  two
acquisitions  in 2000,  neither  of which  were  able to  deliver  the  required
financial   statements.   The  first  was  rescinded  and  the  second  was  not
consummated. Since October 4, 2000, the Company is in the development stage, and
has not commenced planned principal operations.

Nature of Business

     The Company has no products or services as of March 31,  2001.  The Company
is now engaged in the process of locating a potential merger and/or  acquisition
candidate.  The  Company  intends  to  acquire  interests  in  various  business
opportunities,  which in the opinion of management  will provide a profit to the
Company.

Cash and Cash Equivalents

     For the purpose of reporting cash flows,  the Company  considers all highly
liquid debt  instruments  purchased  with maturity of three months or less to be
cash  equivalents  to the  extent  the funds are not being  held for  investment
purposes.

                                        8

<PAGE>



                      DIVERSIFIED TECHNOLOGIES GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                    FOR THE THREE MONTHS ENDED MARCH 31, 2001
                                   (Unaudited)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

Concentrations of Credit Risk

     The Company has no significant  off-balance-sheet  concentrations of credit
risk such as foreign  exchange  contracts,  options  contracts or other  foreign
hedging arrangements.

Pervasiveness of Estimates

     The  preparation  of financial  statements  in  conformity  with  generally
accepted  accounting  principles  required  management  to  make  estimates  and
assumptions  that  affect the  reported  amounts of assets and  liabilities  and
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements  and the  reported  amounts  of  revenues  and  expenses  during  the
reporting period. Actual results could differ from those estimates.

Stock Compensation for Non-Employees

     The Company  accounts for the fair value of its stock  compensation  grants
for  non-employees in accordance with FASB Statement 123. The fair value of each
grant is equal to the market price of the  Company's  stock on the date of grant
if an  active  market  exists  or  at a  value  determined  in  an  arms  length
negotiation between the Company and the non-employee.

Loss per Share

     The  reconciliations of the numerators and denominators of the basic income
(loss) per share computations are as follows:

                                                              Per-Share
                                 Income        Shares         Amount
                                (Numerator)   (Denominator)
                                -----------   -------------

                                  For the Three Months Ended March 31, 2001
Basic Income per Share
Income to common shareholders   $       --     22,540,000   $    --
                                ============  ===========   =========
                                  For the Three Months Ended March 31, 2000
Basic Loss per Share
Loss to common shareholders     $     (1,000)     240,000   $    --
                                ============  ===========   =========


                                       9
<PAGE>

                      DIVERSIFIED TECHNOLOGIES GROUP, INC.
                      ------------------------------------
                          (A Development Stage Company)
                          -----------------------------
                          NOTES TO FINANCIAL STATEMENTS
                    FOR THE THREE MONTHS ENDED MARCH 31, 2001
                                   (Unaudited)

NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

Loss per Share (Cont.)
--------------

     The effect of outstanding  common stock  equivalents are  anti-dilutive for
March 31, 2001 and 2000 and are thus not considered.

NOTE 2 - INCOME TAXES


     As of March 31, 2001, the Company had a net operating loss carryforward for
income tax  reporting  purposes  of  approximately  $580,000  that may be offset
against future taxable income through 2021. Current tax laws limit the amount of
loss  available to be offset  against  future  taxable income when a substantial
change in ownership  occurs.  Therefore,  the amount  available to offset future
taxable income may be limited. No tax benefit has been reported in the financial
statements,  because the Company  believes  there is a 50% or greater chance the
carryforwards will expire unused. Accordingly, the potential tax benefits of the
loss carryforwards are offset by a valuation allowance of the same amount.


NOTE 3 - DEVELOPMENT STAGE COMPANY/ GOING CONCERN

     The  Company  has not begun  principal  operations  and as is common with a
development  stage  company,  the Company has had  recurring  losses  during its
development  stage.  Continuation of the Company as a going concern is dependent
upon obtaining the additional  working capital necessary to be successful in its
planned  activity,  and the  management of the Company has developed a strategy,
which it believes will  accomplish  this  objective  through  additional  equity
funding  and long term  financing,  which will enable the Company to operate for
the coming year.

NOTE 4 - COMMITMENTS

     As of March 31, 2001 all  activities of the Company have been  conducted by
corporate officers from either their homes or business offices. Currently, there
are no outstanding debts owed by the company for the use of these facilities and
there are no commitments for future use of the facilities.





                                       10

<PAGE>




                      DIVERSIFIED TECHNOLOGIES GROUP, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                    FOR THE THREE MONTHS ENDED MARCH 31, 2001
                                   (Unaudited)

NOTE 5 - STOCK SPLIT

     On June 6, 2000 the Board of  Directors  authorized  50 to 1 reverse  stock
split, changed the authorized number of shares to 110,000,000 shares and the par
value to $.001 for the  Company's  stock with  100,000,000  of such shares to be
denominated  common  shares  and  10,000,000  of such  number to be  denominated
preferred shares. As a result of the split,  2,940,000 shares were canceled.  On
October 17, 2000 the Board of Directors authorized a 4 to 1 forward stock split.
As a result of the split,  180,000  shares were issued.  All  references  in the
accompanying  financial  statements to the number of common shares and per-share
amounts for 2000 have been restated to reflect the stock split.

NOTE 6 - STOCK OPTION PLANS

     1999 Stock option plan:  During the final  quarter of 1999,  the  Company's
Board of Directors adopted a stock option plan in which employees of the Company
and its subsidiaries were eligible to participate.  The plan was administered by
the Board. The plan set aside 60,000  post-split shares of common stock to cover
options  granted under the plan. The plan had a ten year term. The company filed
a registration statement under the securities act to cover the shares which were
issued under the plan.  At the 1999 year end,  options to acquire  41,400 shares
had been granted,  all of which had also been exercised.  During 2000,options on
the  remaining  18,600  shares  available  under the plan had been  granted  and
exercised as of the date of this report.

     2000 Stock option plan:  During the third  quarter of 2000,  the  Company's
Board of Directors adopted a stock option plan in which employees of the Company
and its subsidiaries were eligible to participate.  The plan was administered by
the Board.  The plan set aside 8,000,000 shares of common stock to cover options
granted  over the term of the plan.  The plan had a ten year term.  The  company
filed a  registration  statement  under the act to cover the  shares  which were
issued under the plan. At the 2000 year end, options to acquire 8,000,000 shares
had been granted, all of which had also been exercised.

NOTE 7 - COMMON STOCK TRANSACTIONS

     From July to September  2000,  the Company  issued  8,000,000  (post split)
restricted common shares to various consultants for services at the market value
on the date of issuance and 14,300,000 (post split)  restricted common shares to
individuals for cash at $.005245 per share.





                                        11

<PAGE>



Item 2.  Management's Discussion and Analysis or Plan of Operation

General

     This discussion should be read in conjunction with Management's  Discussion
and Analysis of Financial  Condition  and Results of Operations in the Company's
annual report on Form 10-KSB for the year ended December 31, 2000.

Results of Operations

     For the quarter  ended  March 31, 2001  compared to the same period in 2000
are not necessarily  indicative of the results that may be expected for the year
ended December 31, 2001.

     The Company on December 1, 1999, entered into an agreement  (Reorganization
Agreement) to acquire all of the  outstanding  capital stock of S&J  (Chatteris)
Holdings   Limited,   a  United  Kingdom   corporation   (S&J   Holdings).   The
Reorganization  Agreement  required S&J Holdings to perform certain  conditions,
including the delivery of audited financial statements. These conditions had not
been fulfilled by February 14, 2000; therefore,  the agreement was rescinded and
deemed  to  have  been  void  and of no  effect  from  the  beginning  as if the
acquisition had not occurred. All shares issued in the acquisition were returned
to treasury.  After the recission,  Mr.  Richard  Gregory was appointed the sole
member of the board and remains in that position.

     On July 21, 2000,  the Company  acquired  100% of the  outstanding  capital
stock of Demandfax, Inc., privately held Texas corporation (Demandfax), from its
sole shareholder,  Mr. John P. Harris, solely in exchange for 400,000 restricted
pre split common  shares of DTGI.  Mr.  Harris  remained the primary  operations
officer of  Demandfax  and was  appointed  to the board of DTGI.  Demandfax  was
required,  under the conditions of the acquisition agreement, to deliver audited
financial  statements  within 75 days of the  closing of the  acquisition.  This
obligation was not met and the  acquisition was  automatically  rescinded by the
terms of the  agreement.  The Company also began  negotiations  with CareNet,  a
Florida corporation,  for the purpose of acquiring that entity;  however, one of
the  conditions  to closing  was the  delivery  by CareNet of audited  financial
statements.  These  statements  were not  forthcoming  and the  acquisition  was
abandoned. The Company had loaned CareNet $7,000 in working capital. This amount
has been written off by the Company as uncollectible.  These occurred during the
final part of 2000.

     During the current quarter under discussion the Company began  negotiations
to acquire a corporation, South Beach Live, which proposed to open and operate a
web site. The business plan of this entity was not implemented;  therefore,  the
Company ceased negotiations with this target immediately subsequent to March 31,
2001.

     The Company  remains  actively  engaged in the process of locating a merger
and/or acquisition candidate.

     The Company,  as a result of the  cessation of its business and the failure
of its  proposed  acquisitions,  had no  operations  during the year;  thus,  no
meaningful comparison can be made to prior years.

                                       12

<PAGE>




     The Company had no sales or sales revenues for the three months ended March
31, 2001 or 2000 because the Company is in the  development  stage.  The Company
had no costs of sales revenues for the three months ended March 31, 2001 or 2000
because the  Company is in the  development  stage.  The Company had general and
administrative  expenses of $0 for the three month  period  ended March 31, 2001
and $1,000 for the same period in 2000.

     The Company  recorded  net loss of $0 for the three  months ended March 31,
2001 compared to $1,000 loss for the same period in 2000.

Capital Resources and Liquidity

     At March 31,  2001,  the Company had total  current  assets of $0 and total
assets  of $0 as  compared  to $417  current  assets  and $417  total  assets at
December 31, 2000. The Company had a net working  capital deficit of $0 and $417
at March 31, 2001 and December 31, 2000.

     Net  stockholders'  deficit in the  Company was $0 and $417 as of March 31,
2001 and December 31, 2000.

     The Company,  from inception has relied on capital infusions from executive
officers, directors and shareholders and on credit from vendors.

PART II - OTHER INFORMATION


Item 1.  Legal Proceedings

     No  material  legal  proceedings  to which the  Company  (or any officer or
director of the Company,  or any affiliate or owner of record or beneficially of
more than five percent of the Common  Stock,  to  management's  knowledge)  is a
party or to which the  property of the Company is subject is pending and no such
material proceeding is known by management of the Company to be contemplated.

Item 2.  Changes in Securities

     None.

Item 3.  Defaults Upon Senior Securities

     None.

Item 4.  Submission of Matters to a Vote of Security Holders.

     None.

Item 5.  Other Information

                                       13

<PAGE>




     None.

Item 6.  Exhibits and Reports on Form 8-K

     The  Company has not filed a Form 8-K during the three  months  ended March
31,2001.


                                       14

<PAGE>


                                   SIGNATURES



     Pursuant  to the  requirements  of  Section  13 or 15(d) of the  Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the  undersigned,  thereunto duly authorized this 14th day of May,
2001.



                      DIVERSIFIED TECHNOLOGIES GROUP, INC.
                      ------------------------------------
                                  (Registrant)





DATE: May 15, 2001                  By:  /s/  Steven Garrett
     ---------------------------    -------------------------
                                    Steven Garrett
                                    Chief Executive Officer, Chief Financial and
                                    Accounting Officer and Treasurer










                                       15