U. S. Securities and Exchange Commission
                         Washington, D. C.  20549

                              FORM 10-QSB

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the quarter ended February 28, 2001
                           ---------------

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

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

                 Commission File No.  0-29603
                                       ------

                  PROCESS TECHNOLOGY SYSTEMS, INC.
                -----------------------------------
          (Name of Small Business Issuer in its Charter)

       NEVADA                                            91-2070995
-------------------------------                   --------------------------
(State or Other Jurisdiction of                   (I.R.S. Employer I.D. No.)
 incorporation or organization)

                         6371 Richmond, #200
                         Houston, Texas 77057
                      -------------------------
               (Address of Principal Executive Offices)

              Issuer's Telephone Number:  (713) 266-8005

     Check whether the Issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the Company was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

     (1)   Yes  X    No            (2)   Yes  X    No
               ---      ---                  ---      ---


               (ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                       DURING THE PAST FIVE YEARS)

     Check whether the issuer has filed all documents and reports required to
be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution
of securities under a plan confirmed by a court.  Yes____        No ___

                 (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 practicable date:

                              April 11, 2001

                          Common - 14,290,240 shares
                          Preferred - 291,620 shares

                    DOCUMENTS INCORPORATED BY REFERENCE

                              NONE.

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

                  PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements.

          The Consolidated Financial Statements of the Company required
to be filed with this 10-QSB Quarterly Report were prepared by management and
commence on the following page, together with related Notes.  In the opinion
of management, the Consolidated Financial Statements fairly present the
financial condition of the Company.
<PAGE>
                 PROCESS TECHNOLOGY SYSTEMS, INC.
                  (A Development Stage Company)

                       FINANCIAL STATEMENTS

             February 28, 2001 and November 30, 2000
<PAGE>
<TABLE>
                 PROCESS TECHNOLOGY SYSTEMS, INC.
                  (A Development Stage Company)
                          Balance Sheets
<CAPTION>

                              ASSETS

                                                 February 28,  November 30,
                                                   2001        2000
                                                 (Unaudited)
<S>                                               <C>           <C>

CURRENT ASSETS                            $             -      $       -

 Total Current Assets                                   -              -

 TOTAL ASSETS                             $             -      $       -

          LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

 Accounts payable                         $        14,866      $  16,466

  Total Liabilities                                14,866         16,466

STOCKHOLDERS' EQUITY (DEFICIT)

 Preferred stock authorized 12,500,000 preferred
   shares, at $0.25 par value: 291,620 shares
   issued and outstanding                          72,905         72,905
 Common stock authorized 25,000,000 common shares
  at $0.002 par value: 14,290,240 shares issued
  and outstanding                                  28,580         28,580
 Capital in excess of par value                   194,977        192,047
 Deficit accumulated during the development
 stage                                           (311,328)      (309,998)

  Total Stockholders' Equity (Deficit)            (14,866)       (16,466)

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
   (DEFICIT)                              $             -      $       -
</TABLE>
<PAGE>
<TABLE>
                 PROCESS TECHNOLOGY SYSTEMS, INC.
                  (A Development Stage Company)
                     Statements of Operations
                           (Unaudited)
<CAPTION>
                                                                    From
                                                                  Inception on
                                             For the              May 12, 1987
                                        Three Months Ended          Through
                                           February 28,           February 28,
                                        2001         2000             2001
<S>                                    <C>          <C>           <C>
REVENUES                        $            -      $      -        $      -

EXPENSES

 General and administrative              1,330         1,300         311,328

  Total Expenses                         1,330         1,300         311,328

NET LOSS                        $       (1,330)    $  (1,300)      $(311,328)

BASIC AND FULLY DILUTED
 LOSS PER SHARE                 $        (0.00)    $   (0.00)

WEIGHTED AVERAGE
 NUMBER OF SHARES OUTSTANDING       14,290,240     8,364,912
</TABLE>
<PAGE>
<TABLE>
                 PROCESS TECHNOLOGY SYSTEMS, INC.
                  (A Development Stage Company)
           Statements of Stockholders' Equity (Deficit)
<CAPTION>
                                                                   Deficit
                                                                 Accumulated
                                                     Additional   During the
                       Common Stock Preferred Stock   Paid-in    Development
                  Shares    Amount  Shares   Amount   Capital       Stage
<S>              <C>        <C>      <C>      <C>     <C>       <C>
Balance, May 12,
1987              6,500,000 $ 13,000       -    $   -    $175,627   $   -

February 18, 1988,
common stock
issued for
services at $0.002
per share           583,240    1,166       -        -         -         -

February 18, 1988,
preferred stock
issued for services
at $0.25 per share      -        -     291,620   72,905       -         -

June 9, 1988, common
stock issued for
services valued at
$0.002 per share     50,000      100       -        -         -         -

March 30, 1990,
common stock issued
for services, valued
at $0.002 per share  12,000       24       -        -         -         -

Net loss from
inception on May 12,
1987 through
November 30, 1996       -        -         -        -         -    (262,822)

Balance, November
30, 1996          7,145,240   14,290   291,620   72,905   175,627  (262,822)

Net loss for the
year ended
November 30, 1997       -        -         -        -         -         -

Balance, November
30, 1997          7,145,240   14,290   291,620   72,905   175,627  (262,822)

Net loss for the
year ended
November 30, 1998       -        -         -        -         -      (2,363)

Balance, November
30, 1998          7,145,240   14,290   291,620   72,905   175,627  (265,185)

Net loss for the
year ended
November 30, 1999       -        -         -        -         -     (16,298)

Balance, November
30, 1999          7,145,240  $14,290   291,620  $72,905  $175,627 $(281,483)

January 5, 2000,
common stock
issued for debt
valued at $0.002
per share
(unaudited)       6,200,000   12,400      -        -        -          -

September 27,
2000, common stock
issued for services
valued at $0.01
per share           945,000    1,890      -        -      7,560        -

Contributed capital     -        -        -        -      8,860        -

Net loss for the
year ended
November 30, 2000       -        -        -        -        -      (28,515)

Balance, November
30, 2000         13,345,240  $28,580  291,620 $ 72,905 $192,047  $(309,998)
<PAGE>

</TABLE>
<TABLE>
                 PROCESS TECHNOLOGY SYSTEMS, INC.
                  (A Development Stage Company)
           Statements of Stockholders' Equity (Deficit)
<CAPTION>
                                                                   Deficit
                                                                 Accumulated
                                                     Additional   During the
                       Common Stock Preferred Stock   Paid-in    Development
                  Shares    Amount  Shares   Amount   Capital       Stage
<S>              <C>        <C>      <C>      <C>     <C>       <C>
Balance, November
30, 2000         14,290,240  $28,580  291,620 $ 72,905 $192,047  $(309,998)

Contributed
capital (unaudited)     -        -        -        -      2,930      -

Net loss for the
three months ended
February 28, 2001
(unaudited)             -        -        -        -        -       (1,330)

Balance,
February 28, 2001
(unaudited)      14,290,240  $28,580  291,620 $ 72,905 $194,977  $(311,328)
</TABLE>
<PAGE>
<TABLE>
                 PROCESS TECHNOLOGY SYSTEMS, INC.
                  (A Development Stage Company)
                     Statements of Cash Flows
                           (Unaudited)
<CAPTION>
                                                                     From
                                                                 Inception on
                                               For the           May 12, 1987
                                          Three Months Ended        Through
                                             February 28,         February 28,
                                        2001         2000             2001
<S>                                    <C>          <C>           <C>
CASH FLOWS FROM OPERATING
 ACTIVITIES

 Net loss                               $    (1,330) $ (1,300)    $  (311,328)
 Issuance of stock for services                   -         -          83,645
 Write off of Assets                              -         -         188,627
 Changes in operating asset and
  liability accounts:
  Increase (decrease) in accounts payable    (1,600)   (1,298)         27,266

  Net Cash (Used) by Operating
   Activities                                (2,930)   (2,598)        (11,790)

CASH FLOWS FROM INVESTING ACTIVITIES              -         -               -

CASH FLOWS FROM FINANCING ACTIVITIES

 Contributed capital                          2,930     2,598          11,790

  Net Cash Provided by Financing
   Activities                                 2,930     2,598          11,790

NET INCREASE (DECREASE) IN CASH                   -         -               -

CASH AT BEGINNING OF PERIOD                       -         -               -

CASH AT END OF PERIOD                    $        -  $      -       $       -

Cash Payments For:

 Income taxes                            $        -  $      -       $       -
 Interest                                $        -  $      -       $       -

NON-CASH INVESTING AND FINANCING
 ACTIVITIES

 Common stock issued for debt            $        -  $ 12,400       $  12,400
 Common stock issued for services        $        -  $      -       $  83,645
</TABLE>
                 PROCESS TECHNOLOGY SYSTEMS, INC
                  (A Development Stage Company)
                Notes to the Financial Statements
             February 28, 2001 and November 30, 2000


NOTE 1 -                 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

       a.  Organization

       The Company was organized under the laws of the State of Nevada on May
       12, 1987.  In June 1987, the Company issued 200,000 shares of its
       common stock to acquire all of the outstanding stock of Houston
       Engineering Research Corporation (HERCO), a Texas corporation which
       were subsequently written off as a loss.

       Currently, the Company is seeking new business opportunities believed
       to hold a potential profit or to merge with an existing company.

       b.  Accounting Method

       The Company's financial statements are prepared using the accrual
       method of accounting.  The Company has adopted a November 30 year end.

       c.  Basic Loss Per Share

       The computations of basic loss per share of common stock are based on
       the weighted average number of shares outstanding during the period of
       the financial statements as follows:

                                      Loss         Shares       Per Share
                                    (Numerator)    (Denominator)  Amount

       For the three months ended
        February 28, 2000             $ (1,300)   $  8,364,912 $   (0.00)

       For the three months ended
        February 28, 2001             $ (1,330)     14,290,240 $   (0.00)

       d.  Use of Estimates

       The preparation of financial statements in conformity with generally
       accepted accounting principles requires 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 statement and the reported amounts of revenues
       and expenses during the reporting period.  Actual results could differ
       from those estimates.

       e.  Cash Equivalents

       The Company considers all highly liquid investments with a maturity of
       three months or less when purchased to be cash equivalents.
<PAGE>
                 PROCESS TECHNOLOGY SYSTEMS, INC
                  (A Development Stage Company)
                Notes to the Financial Statements
             February 28, 2001 and November 30, 2000


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

       f.  Provision for Taxes

       At November 30, 2000, the Company had net operating loss carryforwards
       of approximately $118,000 that may be offset against future taxable
       income through 2020.  No tax benefit has been reported in the financial
       statements, because the potential tax benefits of the net operating
       loss carryforwards are offset by a valuation allowance of the same
       amount.

       The income tax benefit differs from the amount computed at federal
       statutory rates of approximately 35% as follows:

                                       For the Three Months Ended
                                             February 28,
                                            2001         2000

  Income tax benefit at statutory rate    $      505   $    6,193
  Change in valuation allowance                 (505)      (6,193)

                                          $        -   $        -

  Deferred tax assets (liabilities) are comprised of the following:

                                     For the Three Months Ended
                                           February 28,
                                          2001         2000

  Income tax benefit at statutory rate    $  44,956    $  106,963
  Change in valuation allowance             (44,956)     (106,963)

                                          $       -    $        -

  Due to the change in ownership provisions of the Tax Reform Act of
  1986, net operating loss carryforwards for Federal income tax reporting
  purposes are subject to annual limitations.  Should a change in
  ownership occur, net operating loss carryforwards may be limited as to
  use in the future.

  g.  Unaudited Financial Statements

  The accompanying unaudited financial statements include all of the
  adjustments which, in the opinion of management, are necessary for a
  fair presentation.  Such adjustments are of a normal recurring nature.
<PAGE>
                 PROCESS TECHNOLOGY SYSTEMS, INC.
                  (A Development Stage Company)
                Notes to the Financial Statements
             February 28, 2001 and November 30, 2000



NOTE 2 - GOING CONCERN

  The Company's financial statements are prepared using generally
  accepted accounting principles applicable to a going concern which
  contemplates the realization of assets and liquidation of liabilities
  in the normal course of business.  However, the Company does not have
  significant cash or other material assets, nor does it have an
  established source of revenues sufficient to cover its operating costs
  and to allow it to continue as a going concern.  It is the intent of
  the Company to seek a merger with an existing, operating company.  In
  the interim, shareholders of the Company have committed to meeting its
  minimal operating expenses.

NOTE 3 - PREFERRED STOCK

  Process Technology Systems, Inc. is authorized to issue 12,500,000
  shares of preferred stock by action of the Company's Board of
  Directors.  The Board of Directors is authorized, without further
  action by stockholders, to determine the voting rights, dividend right,
  dividend rates, liquidation preferences, redemption provisions,
  conversion or exchange rights and other rights, preferences, privileges
  and restriction of any unissued series of preferred stock and the
  number of shares constituting such series.

  The Company has issued and outstanding 291,620 shares of preferred
  stock.  The preferred stock has preference in liquidation and to
  dividends.  The preferred stock is entitled to a $0.10 per share
  dividend if dividends are declared by the Board of Directors.  Through
  November 30, 1999, no dividends have been declared.

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

Plan of Operation.
------------------

          The Company has not engaged in any material operations or had any
revenues from operations during the last two fiscal years.  The Company's
Board of Directors intends to examine various industries in which the Company
may conduct business operations, and then adopt a Business Plan detailing the
necessary capital and requirements to engage in that industry.

          During the next 12 months, the Company's only foreseeable cash
requirements will relate to maintaining the Company in good standing, which
may be advanced by management or principal stockholders as loans to the
Company. Any such sums should be nominal.

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

          At February 28, 2001, the Company had $0 in assets and $14,866 in
liabilities.   The Company had no revenues for the three months ended February
28, 2001, with $1,330 in expenses, for a net loss of ($1,330).

          The Company incurred losses of ($1,330) for the period ended
February 28, 2001. Primarily all of these expenses were utilized for
attorney's fees, accounting fees and filing fees to maintain the Company in
good standing and to file its reports with the Securities and Exchange
Commission.

Liquidity.
----------

          At February 28, 2001, the Company had no current assets, with total
current liabilities of $14,866.  Total stockholder's equity was ($14,866).

          During the period ended February 28, 2001, capital contributions by
a principal stockholder amounted to $2,930.

                   PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.

          None; not applicable.

Item 2.   Changes in Securities.

          None; not applicable.

Item 3.   Defaults Upon Senior Securities.

          None; not applicable.

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

          None; not applicable.

Item 5.   Other Information.

          The Company has filed a Definitive Proxy Statement to effect a
reverse split of its outstanding preferred stock on a basis of one for 50,
while retaining the current authorized preferred stock capital of 12,500,000
and par value of $0.25, with appropriate adjustments in the capital accounts
of the Company; to effect a reverse split of its outstanding common stock on a
basis of one for 50, while retaining the current par value of $0.002, with
appropriate adjustments in the capital accounts of the Company; to increase
the authorized capital from 25,000,000 shares of common stock to 50,000,000
shares of common stock; and to authorize the Board of Directors to change the
name of the Company to conform with the business or industry that the Board of
Directors determines to engage in or conforms with the name or names of any
properties or businesses acquired by the Company.  The date of the meeting is
April 27, 2001, which is subsequent to the period covered by this Report.

          A Letter of Intent has been entered into with the Company and Great
Northern Health, Inc. whereby the Great Northern Health, Inc. shareholders
would exchange their respective shares for shares in the Company.  The parties
have not reached a definitive agreement with respect to this proposed
transaction, and there can be no assurance that any such agreement will be
reached.  An 8-K Current Report will be filed in a timely manner if this
Agreement is completed.

Item 6.   Exhibits and Reports on Form 8-K.

          (a)  Exhibits.

               10-SB Registration Statement, as amended, filed with the
               Securities and Exchange Commission on February 18, 2000.*

          (b)  Reports on Form 8-K.

               None; not applicable.

         *Incorporated herein by reference.

                            SIGNATURES

          Pursuant to the requirements 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.

                                         PROCESS TECHNOLOGY SYSTEMS, INC.

Date: 4/20/2001                          By/s/William A. Silvey, Jr.
      ---------                               ------------------------
                                             William A. Silvey, Jr., Director
                                             and President

Date: 4/20/2001                          By/s/W. Scott Thompson
      ---------                              ------------------------
                                             W. Scott Thompson, Director
                                             Secretary