<PAGE>   1
                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                               AMENDMENT NO. 1 TO
                                   FORM 10-QSB
              [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                For the quarterly period ended September 30, 1998

                                       OR

              [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
               For the transition period from ________ to ________


                     SUMMIT ENVIRONMENTAL CORPORATION, INC.
             (Exact name of registrant as specified in its charter)


     Texas                      333-48659                         73-1537206
-------------------      -----------------------                  ------------
   (state of             (Commission File Number)                (IRS Employer
incorporation)                                                   I.D. Number)



                           414 East Loop 281, Suite 7
                               Longview, TX 75605
                                  800-522-7841
             -------------------------------------------------------
             (Address and telephone number of registrant's principal
               executive offices and principal place of business)

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding twelve 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 ___ No X (The registrant became
subject to filing requirements on November 10, 1998.)

         As of December 29, 1998, there were 6,366,840 shares of the
Registrant's Common Stock, par value $0.001 per share, outstanding.

         Transitional Small Business Disclosure Format (check one):  
Yes       No  X
   ---       ---


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                         PART I - FINANCIAL INFORMATION



ITEM 1.           FINANCIAL STATEMENTS

                     SUMMIT ENVIRONMENTAL CORPORATION, INC.
                          (A Development Stage Company)

                                  BALANCE SHEET

                               SEPTEMBER 30, 1998







<TABLE>
ASSETS

<S>                                                                                 <C>  
    Cash - on deposit in trust account                                              $ 750
                                                                                    =====



STOCKHOLDER'S EQUITY

    Preferred Stock - Authorized 10,000,000 shares,
        $0.001 par value - none issued

    Common Stock - 40,000,000 shares authorized,
        $0.001 par value, 750,000 shares issued                                       750
                                                                                    -----

                                                                                    $ 750
                                                                                    =====

</TABLE>
















                   The accompanying notes are an integral part
                             of this balance sheet.


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                     SUMMIT ENVIRONMENTAL CORPORATION, INC.
                          (A Development Stage Company)

                             NOTES TO BALANCE SHEET
                               SEPTEMBER 30, 1998


(1)       ORGANIZATION

          Summit Environmental Corporation, Inc. (the Company) was organized in
accordance with the Business Corporation Act of the State of Texas on February
24, 1998, for the purpose of merging (the "Merger") with Summit Technologies,
Inc. (Summit Technologies), a Texas corporation. The Company has no business
operations or significant capital and has no intention of engaging in any active
business until it merges with Summit Technologies. Should the Merger not occur,
the Company would seek other business opportunities, and if none were found,
could be dissolved within 18 months by a vote of the majority of its common
stockholders. The Company is a development-stage company organized for the
merger described below.

          The sole officer and director of the Company is a shareholder,
president and director of SuperCorp Inc., the Company's parent.

          Stock of the Company is owned by SuperCorp Inc. and will be
distributed to its shareholders upon the effectiveness of the registration
statements to be filed with the Securities and Exchange Commission and a
favorable vote of SuperCorp Inc.'s shareholders on the proposed merger. The
distributed stock will initially be held in escrow according to an Escrow
Agreement dated March 16, 1998, among SuperCorp Inc., the Company, and Bank One
Trust Company, NA, Oklahoma City, Oklahoma.

(2)       MERGER AGREEMENT

          The Company agreed on July 14, 1998, to merge with Summit
Technologies. Summit Technologies is an operating company in the business of
marketing products, under license to it, through television infomercials, radio
spots, and a national industrial distribution company. The Company will be the
surviving corporation (Survivor), but Summit Technologies will elect all
directors and officers of the Survivor. All currently outstanding stock of
Summit Technologies in the hands of its shareholders will be cancelled and
converted into 5,810,840 shares of common stock of the Company, all authorized
but unissued, to be owned by the shareholders of Summit Technologies, when the
Merger is effective. The Merger of Summit Technologies and the Company should
qualify as a nontaxable reorganization under the tax laws of the United States.

          The Merger is contingent upon the effectiveness of the registration
statements, and upon the shareholders of the Company and Summit Technologies
approving the proposed Merger. Because the Company is only a corporate shell and
not an operating entity, the proposed Merger will be accounted for as if Summit
Technologies recapitalized. Additionally, the historical financial statements
for the Company prior to the Merger will be those of Summit Technologies. Upon
completion of the proposed Merger, the shareholders of Summit Technologies will
own 5,810,840 shares of Common

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Stock of the Company or 88.6% of its voting shares. The fiscal year of the
Company will be December 31.

(3)       COMMON STOCK OPTIONS

          The sole director and stockholders approved the 1998 Stock Option Plan
of the Company whereby, at the discretion of the directors or of a Stock Option
Committee appointed by the board of directors, invited employees of the Company
or directors of the Company or consultants to the Company will have the option
of subscribing to common shares of the Company based on a price determined by
the directors or Stock Option Committee. The number of shares subject to the
Plan are 500,000. No options have been granted in accordance with this Plan.

(4)       SUBSEQUENT EVENTS

          On December 2, 1998 the proposed merger between the Company and Summit
Technologies, Inc. became effective. See Note (2) above. The 500,000 shares of
Common Stock of the Company held in escrow at Bank One Trust Company, N.A. were
distributed to the SuperCorp shareholders (see Note (1) above), and the
5,810,840 shares of Common Stock of the Company registered for the merger were
distributed to the shareholders of Summit Technologies, Inc. Incorporated by
reference herein are (1) the pre-merger financial statements of Summit
Technologies, Inc. (pages F-5 through F-20 of the Company's Amendment No. 5 to
Form SB-2 Registration Statement, Commission File No. 333-48675) and (2) the Pro
Forma Statements of Financial Condition and Income, which give effect to the
merger (pages 17 through 20 of the same document).


ITEM 2.           MANAGEMENT'S PLAN OF OPERATION

          On December 2, 1998 the Company merged with Summit Technologies, Inc.
Incorporated by reference herein are Management's Plan of Operation and
Description of Summit Technologies Business which appear, respectively, on pages
27 to 29 and on pages 29 to 37 of the Company's Amendment No. 5 to Form SB-2
Registration Statement, Commission File No. 333-48675.


ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

(A)       EXHIBITS

<TABLE>
<CAPTION>
          Exhibit                                                     Item
          -------                                                     ----
<S>                      <C>       <C>
           2.1             -        Agreement of Merger of July 14, 1998, between
                                    Summit Environmental Corporation, Inc. and Summit
                                    Technologies, Inc.**

           3.1             -        Articles of Incorporation of Summit Environmental
                                    Corporation, Inc.*

           3.1.1           -        Amendment to Articles of Incorporation of Summit
                                    Environmental Corporation, Inc.**
</TABLE>


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<PAGE>   5

<TABLE>
<S>                      <C>       <C>
           3.2             -        Bylaws of Summit Environmental Corporation, Inc.*

          10               -        Escrow Agreement among Summit Environmental
                                    Corporation, Inc.; SuperCorp Inc.; and Bank One
                                    Trust Company, NA, Oklahoma City, Oklahoma.*

          10.1             -        1998 Stock Option Plan adopted by Summit
                                    Environmental Corporation, Inc.*

          10.2             -        Representative agreement among certain
                                    shareholders of SuperCorp relating to compliance
                                    with SEC Rule 419.*

          10.3             -        Limited Exclusive Marketing Bilateral Agreement
                                    between Moonlighting Distribution Corporation-USA
                                    and Summit Technologies, Inc. (Poder Sexual,
                                    Ultimate Stressex and/or Poder 24)*

          10.4             -        Limited Exclusive Marketing Bilateral Agreement
                                    among B. Keith Parker, individually and as
                                    Chairman of the Board and CEO of Moonlighting
                                    Distribution Corporation-USA, d/b/a Moonlighting
                                    International, and Summit Technologies, Inc.
                                    (FireKare, FirePower 911, Super Cold Fire, and
                                    Flame Out)*

          10.5             -        Television Commercial Agreement between American
                                    Independent Network ("AIN") and Summit
                                    Technologies, Inc.**

          10.6             -        Exclusive Marketing Bilateral Agreement between
                                    Moonlighting Distribution Corporation-USA and
                                    Summit Technologies, Inc. (Trim-Away)**

          10.7             -        November 2, 1998 Amendment to April 27, 1998
                                    Letter of Intent between BioGenesis Enterprises,
                                    Inc. and Summit Technologies, Inc., and April 27,
                                    1998 Letter of Intent.***

          23.8             -        Consent of Thomas J. Kenan, Esq. to the reference
                                    to him as an attorney who has passed upon certain
                                    information contained in the Registration
                                    Statement.**

          23.16            -        Consent of Garner & Lawrence, LLP, independent
                                    auditors of Summit Technologies, Inc.***

          23.17            -        Consent of Hogan & Slovacek, independent auditors
                                    of Summit Environmental Corporation, Inc.***

          27.1             -        Financial Data Schedule.**
</TABLE>

          *         Previously filed with Form SB-2; incorporated herein.
          **        Previously filed with Amendment No. 1 to Form SB-2; 
                    incorporated herein.

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          ***       Previously filed with Amendment No. 5 to Form SB-2; 
                    incorporated herein.

(B)       REPORTS ON FORM 8-K

          No reports on Form 8-K were filed during the quarter for which this
report is filed.




                                   SIGNATURES

          Pursuant to the requirements of the Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date:  December 29, 1998                  Summit Environmental Corporation, Inc.



                                          By /s/ B. Keith Parker
                                             -----------------------------------
                                             B. Keith Parker, Chief Executive
                                             Officer


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