<PAGE>


                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   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 June 30, 2003

                                       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)


                              133 East Tyler Street
                               Longview, TX 75601
                                  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  X   No
                                       ---    ---

As of August 13, 2003, there 17,234,194 were shares of the Registrant's Common
Stock, par value $0.001 per share, outstanding.

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

<PAGE>

                         PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

<Table>
<S>                                                                                           <C>
Condensed Balance Sheets June 30, 2003 (Unaudited) and
    December 31, 2002 (Audited)                                                                 3
Statements of Operations (Unaudited) Three Months Ended June 30, 2003 and 2002 and
    Period from August 14, 1997 to June 30, 2003                                                4
Statements of Operations (Unaudited) Six Months Ended June 30, 2003 and 2002                    5
Statements of Cash Flows (Unaudited) Six Months Ended June 30, 2003 and 2002 and
    Period from August 14, 1997 to June 30, 2003                                                6
Notes to Financial Statements (Unaudited)                                                       7
</Table>

                                       2
<PAGE>

                     SUMMIT ENVIRONMENTAL CORPORATION, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            CONDENSED BALANCE SHEETS

<Table>
<Caption>

                                                                                      June 30, 2003   December 31, 2002 (Audited)
                                                                                     ---------------  ---------------------------
<C>                                                                                  <S>              <S>

                                     ASSETS

CURRENT ASSETS
  Cash and Cash Equivalents                                                          $       134,965      $       195,762
  Accounts Receivable, Less Allowance of $152,300                                             33,332               29,113
  Note receivable - related party, less allowance of 20,496                                       --                   --
  Inventory                                                                                  587,176              615,786
  Prepaid Expenses                                                                            88,660               88,660
                                                                                     ---------------      ---------------
         Total Current Assets                                                                844,133              929,321
                                                                                     ---------------      ---------------

PROPERTY AND EQUIPMENT AT COST
  Property and Equipment                                                                      56,233               55,774
  Leasehold Improvements                                                                      14,186               13,499
  Accumulated Depreciation and Amortization                                                  (37,612)             (32,002)
                                                                                     ---------------      ---------------
         Net Property and Equipment                                                           32,797               37,271
                                                                                     ---------------      ---------------

OTHER ASSETS
  Prepaid Royalties                                                                          509,566              509,566
  Deposits                                                                                     2,180                2,180
  Patents and Licenses (net of accumulated amortization of $724,200
   and $673,134, respectively)                                                             1,795,360            1,761,866
                                                                                     ---------------      ---------------
         Total Other Assets                                                                2,307,106            2,273,612
                                                                                     ---------------      ---------------

TOTAL ASSETS                                                                         $     3,184,036      $     3,240,204
                                                                                     ===============      ===============

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Accounts Payable                                                                   $        54,885      $        54,157
  Accrued Liabilities                                                                         28,698               31,556
                                                                                     ---------------      ---------------
         Total Current Liabilities                                                            83,583               85,713
                                                                                     ---------------      ---------------

STOCKHOLDERS' EQUITY

  Preferred stock, par value $.001; 10,000,000 shares
    authorized, no shares issued
  Common stock, par value $.001; 40,000,000 shares
    authorized, 16,719,194 & 15,657,194 shares issued
    and outstanding respectively                                                              16,719               15,658
  Common stock subscribed                                                                     85,000               60,000
  Additional Paid in Capital                                                               8,290,560            7,997,721
  Deficit Accumulated in Development Stage                                                (5,266,826)          (4,893,888)
  Treasury Stock                                                                             (25,000)             (25,000)
                                                                                     ---------------      ---------------
         Total Stockholders' Equity                                                        3,100,453            3,154,491
                                                                                     ---------------      ---------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                           $     3,184,036      $     3,240,204
                                                                                     ===============      ===============
</Table>

                                       3


<PAGE>


                     SUMMIT ENVIRONMENTAL CORPORATION, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)


<Table>
<Caption>

                                                                THREE MONTHS ENDED
                                                                    JUNE 30                       PERIOD FROM
                                                      ------------------------------------     AUGUST 14, 1997 TO
                                                           2003                 2002             JUNE 30, 2003
                                                      ---------------      ---------------     ------------------
<S>                                                   <C>                  <C>                 <C>
SALES                                                 $        44,990      $        24,688      $       794,239

COST OF SALES                                                  31,066               12,400              313,757
                                                      ---------------      ---------------      ---------------
GROSS PROFIT                                                   13,924               12,288              480,482
                                                      ---------------      ---------------      ---------------
OPERATION EXPENSES
  Selling, general, and administrative expenses               172,023              137,701            4,875,127
  Amortization                                                 40,853               40,584              764,537
  Depreciation                                                  2,805                2,805               62,581
                                                      ---------------      ---------------      ---------------
Total operating expense                                       215,681              181,090            5,702,245
                                                      ---------------      ---------------      ---------------

NET EARNINGS (LOSS) FROM OPERATIONS                          (201,757)            (168,802)          (5,221,763)

OTHER INCOME
  Interest income                                                 328                  607               61,284
  Interest expense                                                 --              (16,401)
  Royalty income                                                1,304                1,252                7,231
  Gain/Loss on Sale of Asset                                       --                   --              (13,200)
  Miscellaneous                                                    --                   --               35,617
                                                      ---------------      ---------------      ---------------
         Total other income (expense)                           1,632                1,859               74,531
                                                      ---------------      ---------------      ---------------

NET LOSS BEFORE CUMULATIVE EFFECT OF THE
CHANGE IN ACCOUNTING PRINCIPLE                               (200,125)            (166,943)          (5,147,232)
                                                      ---------------      ---------------      ---------------
Cumulative effect on prior years of the change
in accounting principle, net of tax                                --                   --             (119,594)
                                                      ---------------      ---------------      ---------------

NET LOSS                                              $      (200,125)     $      (166,943)     $    (5,266,826)
                                                      ===============      ===============      ===============

NET LOSS PER SHARE BEFORE CUMULATIVE
EFFECT OF THE CHANGE IN ACCOUNTING PRINCIPLE          $         (0.01)     $         (0.01)     $         (0.51)


Cumulative effect on prior years of the change in
accounting principle                                               --                   --                (0.01)
                                                      ---------------      ---------------      ---------------

NET EARNINGS (LOSS) PER SHARE                         $         (0.01)     $         (0.01)     $         (0.52)
                                                      ===============      ===============      ===============

WEIGHTED AVERAGE SHARES                                    16,301,778           14,215,521           10,012,516
</Table>


                                       4



<PAGE>
                     SUMMIT ENVIRONMENTAL CORPORATION, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)

<Table>
<Caption>

                                                                 SIX MONTHS ENDED
                                                                     JUNE 30
                                                      ------------------------------------
                                                           2003                 2002
                                                      ---------------      ---------------
<S>                                                   <C>                  <C>
SALES                                                 $        87,671      $        66,337

COST OF SALES                                                  48,047               17,708
                                                      ---------------      ---------------
GROSS PROFIT                                                   39,624               48,629
                                                      ---------------      ---------------
OPERATION EXPENSES
  Selling, general, and administrative expenses               328,106              298,199
  Amortization                                                 81,706               81,437
  Depreciation                                                  5,610                5,610
                                                      ---------------      ---------------
         Total operating expense                              415,422              385,246
                                                      ---------------      ---------------

NET EARNINGS (LOSS) FROM OPERATIONS                          (375,798)            (336,617)


OTHER INCOME
  Interest income                                                 904                1,470
  Interest expense                                                 --                   (7)
  Royalty income                                                1,956                5,575
  Gain/Loss on Sale of Asset                                       --                   --
  Miscellaneous                                                    --                   --
                                                      ---------------      ---------------
         Total other income (expense)                           2,860                7,038
                                                      ---------------      ---------------

NET LOSS BEFORE CUMULATIVE EFFECT OF THE
CHANGE IN ACCOUNTING PRINCIPLE                               (372,938)            (329,579)
                                                      ---------------      ---------------
Cumulative effect on prior years of the change
in accounting principle, net of tax                                --                   --
                                                      ---------------      ---------------

NET LOSS                                              $      (372,938)     $      (329,579)
                                                      ===============      ===============

NET LOSS PER SHARE BEFORE CUMULATIVE
EFFECT OF THE CHANGE IN ACCOUNTING PRINCIPLE          $         (0.02)     $         (0.02)

Cumulative effect on prior years of the change in
accounting principle                                               --                   --
                                                      ---------------      ---------------

NET EARNINGS (LOSS) PER SHARE                         $         (0.02)     $         (0.02)
                                                      ===============      ===============

WEIGHTED AVERAGE SHARES                                    16,081,999           13,870,065
</Table>


                                       5


<PAGE>


                     SUMMIT ENVIRONMENTAL CORPORATION, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<Table>
<Caption>

                                                                        SIX MONTHS ENDED
                                                                            JUNE 30                      PERIOD FROM
                                                             ------------------------------------     AUGUST 14, 1997 TO
                                                                  2003                 2002             JUNE 30, 2003
                                                             ---------------      ---------------     ------------------
CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                                          <C>                  <C>                 <C>
  Net loss                                                   $      (372,938)     $      (329,579)     $    (5,266,826)
  Adjustments to reconcile net earnings (loss) to cash
  used in operating activities
     Amortization                                                     81,706               81,437              764,537
     Bad debt expense                                                     --                   --              185,530
     Cumulative effect of change in accounting principle                  --                   --              119,594
     Depreciation                                                      5,610                5,610               62,581
     Gain (loss) on sale of assets                                        --                   --                2,753
     Recission of Lady Burd asset purchase agreement                      --                   --               50,000
     Common stock issued for services                                 25,700                   --              432,344
     Change in assets and liabilities
       Accounts receivable                                            (4,219)             (14,058)            (234,597)
       Note receivable                                                    --                   --                   --
       Inventory                                                      28,610                2,147             (664,328)
       Prepaid expenses and deposits                                      --                 (400)            (523,254)
       Accounts payable                                                  728                3,070               54,885
       Accrued liabilities                                            (2,858)                (222)              28,698
                                                             ---------------      ---------------      ---------------
          Net cash used in operating activities                     (237,661)            (251,995)          (4,988,083)
                                                             ---------------      ---------------      ---------------

CASH FLOWS FROM INVESTING ACTIVITIES
  Acquisition of property and equipment                               (1,136)              (9,199)             (85,135)
  Organization costs                                                      --                   --             (129,291)
  Acquisition of licenses/patents                                         --              (25,000)            (110,000)
  Proceeds from sale of equipment                                         --                   --               47,440
                                                             ---------------      ---------------      ---------------
          Net cash used in investing activities                       (1,136)             (34,199)            (276,986)
                                                             ---------------      ---------------      ---------------

CASH FLOWS FROM FINANCING ACTIVITIES
  Loan proceeds                                                           --                   --                6,554
  Loan principal repayments                                               --                   --              (66,990)
  Loan principal repayments - related party                               --                   --             (134,265)
  Proceeds from sale of stock                                        178,000              280,000            5,594,735
                                                             ---------------      ---------------      ---------------
          Net cash provided by financing activities                  178,000              280,000            5,400,034
                                                             ---------------      ---------------      ---------------

NET INCREASE (DECREASE) IN CASH                                      (60,797)              (6,194)             134,965

Cash - Beginning of Period                                           195,762              193,806                   --
                                                             ---------------      ---------------      ---------------

Cash - End of Period                                         $       134,965      $       187,612      $       134,965
                                                             ===============      ===============      ===============

SUPPLEMENTAL CASH FLOW INFORMATION
  Noncash investing and financing activities
    Issuance of 360,000 shares of common stock at
       $0.32 per share for marketing rights                  $       115,200      $            --      $       115,200
</Table>


                                       6

<PAGE>


                     SUMMIT ENVIRONMENTAL CORPORATION, INC.
                        NOTES TO THE FINANCIAL STATEMENTS
                                   (Unaudited)


The balance sheet of Summit Environmental Corporation, Inc., the "company", at
December 31, 2002 has been taken from the company's audited financial statements
at that date. The balance sheet at June 30, 2003, the statement of operations
for the three months and the six months ended June 30, 2003, the three months
and the six months ended June 30, 2002 and the period from August 14, 1997 to
June 30, 2003, and the statement of cash flows for the six months ended June 30,
2003, the six months ended June 30, 2002 and the period from August 14, 1997 to
June 30, 2003 have been prepared by the company without audit. The financial
statements have been prepared in conformity with generally accepted accounting
principles and contain such adjustments as management feels are necessary to
present fairly, in all material aspects, the financial position and results of
operation of the company.

1.       SIGNIFICANT ACCOUNTING POLICIES

         Business Activity

         Summit Environmental Corporation, Inc. (the "company") was organized in
         accordance with the Business Corporation Act of the State of Texas on
         February 2, 1998, for the purpose of merging (the "merger") with Summit
         Technologies, Inc., a Texas corporation. The company continued to exist
         as the surviving corporation under its present name pursuant to the
         provisions of the Texas Business Corporation Act. The merger was
         effected on December 2, 1998 as a tax-free reorganization accounted for
         as a pooling of interests.

         The company markets fire suppression materials, environmentally safe
         cleaning chemicals, and natural, botanical cosmetic products. The
         products are proprietary or are under exclusive license. Marketing
         efforts include "infomercials" and other television and radio
         promotion, videotapes, and personal demonstrations. Products are
         marketed domestically and internationally.

         Revenue Recognition

         Revenues from sales of materials and products are recorded at the time
         the goods are shipped or when title passes.

         Cash

         The company maintains cash balances at financial institutions located
         in Longview, Texas, which at times may exceed federally insured limits.
         The company has not experienced any losses in such accounts and
         believes it is not exposed to any significant credit risk on cash and
         cash equivalents.

         For purposes of the statement of cash flows, the company considers all
         highly liquid investments with a maturity of three months or less when
         purchased to be cash equivalents.


                                       7
<PAGE>

                     SUMMIT ENVIRONMENTAL CORPORATION, INC.
                        NOTES TO THE FINANCIAL STATEMENTS
                                   (Unaudited)



         Inventory

         Inventory is recorded at the lower of cost or market, with the cost
         being determined by the first-in, first-out method.

         Intangible Assets

         Patents and licenses costs are recorded at cost. Amortization is
         computed on the straight-line method over fifteen years.

         Income Taxes

         Deferred income taxes are determined using the liability method under
         which deferred tax assets and liabilities are determined based upon
         differences between financial accounting and tax bases of assets and
         liabilities.

         Property and Equipment

         Depreciation and amortization are provided in amounts sufficient to
         relate the cost of depreciable assets to operations over their
         estimated service lives by the straight-line method.

         Leasehold improvements are amortized over the lives of the respective
         leases or the service lives of the improvements, whichever is shorter.

         Major repairs or replacements of property and equipment are
         capitalized. Maintenance, repairs and minor replacements are charged to
         operations as incurred.

         When units of property are retired or otherwise disposed of, their cost
         and related accumulated depreciation are removed from the accounts and
         any resulting gain or loss is included in operations.

         The estimated service lives used in determining depreciation and
         amortization are:

<Table>
<Caption>

              Description                         Estimated Service Life
              -----------                         ----------------------
<S>                                                     <C>
              Automobiles                               5 years
              Office furniture and equipment          5-7 years
              Leasehold improvements                    4 years
</Table>



                                       8
<PAGE>

                     SUMMIT ENVIRONMENTAL CORPORATION, INC.
                        NOTES TO THE FINANCIAL STATEMENTS
                                   (Unaudited)


         Advertising and Marketing

         Advertising and marketing costs are expensed as incurred, which totaled
         $3,805 and $8,996 for the second quarters of 2003 and 2002,
         respectively.

         Use of Estimates

         The preparation of financial statements in conformity with generally
         accepted accounting principles requires management to make estimates
         and assumptions that affect certain reported amounts and disclosures.
         Accordingly, actual results could differ from those estimates.

         Per Share Information

         Per share information is based on the weighted average number of common
         stock and common stock equivalent shares outstanding. Only basic
         earnings per share are shown, as there are no dilutive items.

2.       PATENT

         On November 2, 1998, the company purchased via issuance of common stock
         and a note payable, patent rights and intellectual property rights to
         various fire suppression products for a purchase price of $2,375,000.
         This purchase required cash payments of $500,000 and 875,000 shares of
         common stock of the company to be issued and delivered to BioGenesis
         Enterprises, Inc.

3.       LICENSES

         Licenses for exclusive marketing rights to various products have been
         acquired for fees totaling $60,000 from a related party. The company is
         the manufacturer/supplier of the products.

         Worldwide exclusive marketing rights to BioRemediation Technology
         developed by Mohsen C. Amiran, Ph.D. were acquired for stock in the
         amount of 360,000 shares and warrants for 180,000 shares of stock
         exercisable at $1.00 per share during the first quarter of 2003.

4.       LEASES

         The company is obligated under various operating leases for equipment,
         vehicles, and office and warehouse space. Rent expense for all
         operating leases was $12,816 and $9,517 for the second quarters of 2003
         and 2002, respectively.


                                       9
<PAGE>

                     SUMMIT ENVIRONMENTAL CORPORATION, INC.
                        NOTES TO THE FINANCIAL STATEMENTS
                                   (Unaudited)


5.       COMMON STOCK

         Private Placement

         During the fourth quarter of 2002, the board approved a private
         placement offering for 500,000 shares of common stock at $0.25 per
         share. 270,000 of these shares were sold during the first quarter of
         2003. 20,000 of these shares were sold during the second quarter of
         2003.

         Common Stock Options

         The sole director and stockholders approved the 1998 Stock Option Plan
         (the "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 is 500,000.

         In September 1999, the Board of Directors issued options to purchase
         350,000 shares of common stock to employees and directors pursuant to
         the Plan.

         Warrants

         During the fourth quarter of 2001, the company issued warrants to
         acquire 35,000 shares of common stock at $1.00 per share, exercisable
         through April 29, 2005 in conjunction with the above mentioned private
         placement. During first quarter 2003, warrants issued in conjunction
         with the private placement were for 690,000 shares. During second
         quarter 2003, 432,000 warrants were exercised.

6.       RELATED PARTY TRANSACTIONS

         The following transactions occurred between the company and related
         parties:

         The company and another business with common shareholders share office
         space and the related expenses.

         The company acquired a patent from BioGenesis Enterprises, Inc.
         (BioGenesis) on November 2, 1998 (see Note 2). The purchase agreement
         requires the company to pay BioGenesis a periodic royalty of $.50 per
         16-oz. can and $.35 per 1 liter can of FirePower(TM) and an equivalent
         (approximately 7 percent) on all other product categories using the
         fire suppressant technology.


                                       10
<PAGE>

                     SUMMIT ENVIRONMENTAL CORPORATION, INC.
                        NOTES TO THE FINANCIAL STATEMENTS
                                   (Unaudited)


         One-half of all periodic royalty fees due to BioGenesis will be
         credited against the advance royalty fee (until fully recovered) and
         one-half will be paid to BioGenesis in cash on the 30th of each month
         based upon invoiced sales through the close of the preceding month. The
         company has prepaid royalties to BioGenesis totaling $509,556 as of
         both December 31, 2002 and June 30, 2003.

7.       CONCENTRATIONS

         Approximately 66 percent of the sales in the second quarter of 2003
         were made to five customers and 71 percent of the sales in the second
         quarter of 2002 were made to six customers.

8.       INCOME TAXES

         Deferred tax assets and liabilities are determined based on the
         differences between the financial statement and tax bases of assets and
         liabilities as measured by the currently enacted tax rates. Deferred
         tax expense or benefit is the result of the changes in deferred tax
         assets and liabilities.

         Deferred income taxes and liabilities arise principally from the
         temporary differences between financial statement and income tax
         recognition of depreciation and amortization, bad debts and net
         operating losses.

9.       AGREEMENTS

         In January 2002, Summit entered into a joint venture agreement with
         Earth Safe Technology, Inc. to market products manufactured for Summit
         by BioGenesis pursuant to Summit's patent ownership in Mexico. In
         December 2002, the company began direct negotiations with Pemex Oil
         Company of Mexico. Permits are being issued for us to travel to
         Guadalajara and Monterey to conduct specific fire certification test
         during the third quarter of 2003.

         On February 6, 2002, Summit executed a Distribution Agreement with
         614575 Alberta Limited of Calgary, Alberta, Canada. Alberta Limited
         manufactures a series of home fire extinguishing systems which feature
         FlameOut(R) as part of each system. 614575 has changed their trade name
         to Just-In Case Fire Limited. Summit and Just-In Case Fire executed a
         bi-lateral exclusive agreement during the second quarter of 2002. The
         company sells FlameOut(R) to Just-In Case Fire exclusively for their
         mobile fire extinguishing systems. Summit will receive a royalty on the
         sale of each unit for the granting of said exclusivity.



                                       11
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

     The following discussion and analysis should be read in conjunction with
the financial statements and the accompanying notes thereto and is qualified in
its entirety by the foregoing and by more detailed financial information
appearing elsewhere. See "Item 1. Financial Statements."

     RESULTS OF OPERATIONS - SECOND QUARTER OF 2003 COMPARED TO SECOND QUARTER
OF 2002

     Summit Environmental's sales for Q2 2003 were 182.2 percent of Q2 2002 -
$44,990 in Q2 2003 compared to $24,688 in Q2 2002. Gross margin was 30.9 percent
for Q2 2003 compared to 49.8 percent for Q2 2002. Sales have not reached a level
to generate consistent gross margin percentages.

     Operating expenses increased 11.9 percent during Q2 2003 over Q2 2002.
Operating expenses increased by $34,591 from $181,090 in Q2 2002 to $215,681 in
Q2 2003.

     Summit had a net loss from operations of $201,757 for Q2 2003, up from a
net loss of $168,802 for Q2 2002, a $32,955 or a 19.5 percent increase.

     RESULTS OF OPERATIONS - FIRST TWO QUARTERS OF 2003 COMPARED TO FIRST TWO
QUARTERS OF 2002

     Sales from operations were $87,671 for the first two quarters of 2003
compared to sales of $66,337 for the first two quarters of 2002, a 32.2 percent
increase. Gross margin on these sales was 45.2 percent in the first two quarters
of 2003 and 73.3 percent in the first two quarters of 2002.

     Operating expenses were up to $415,422 for the first two quarters of 2003
compared to $385,246 for the first two quarters of 2002, an increase of $30,176
or 7.8 percent.

     We experienced a net loss of $372,938 in the first two quarters of 2003, up
13.2 percent from the $329,579 loss of the first two quarters of 2002. The loss
per share of common stock was $0.02 for the first two quarters of 2003 and $0.02
for the same period of 2002.

     Some balance sheet items that reflect significant changes from December 31,
2002 to June 30, 2003 are: cash, down to $134,965 from $195,762; accounts
receivable, up to $33,332 from $29,113; inventory, down to $587,176 from
$615,786; common stock subscribed, up to $85,000 from $60,000; and additional
paid in capital, up to $8,290,560 from $7,997,721.

     The net loss of $372,938 in the first two quarters of 2003 was financed in
part by $178,000 in the cash proceeds of sale of 722,000 shares of common stock,
partly from the sale of 360,000 shares of stock valued at $115,200 for the
purchase of certain marketing rights, and partly from $87,316 in amortization
and depreciation.


                                       12
<PAGE>


     OVERVIEW

     By year end 2002, we had finalized more of our distribution negotiations,
and the U.S. Forestry Service product certifications for FlameOut(R) were near
completion. After the end of Q1 2003, on May 2, 2003 FlameOut(R) was formally
listed on the QPL (Quality Products Listing) for the United States Forestry
Service under test standard 5100-307. We are now in the process of getting
listed with Government Service Agency (GSA). This listing notifies all
government offices of our product, its description and approval. We have secured
a listing catalogue for various procurement bids and requests, from state
forestry services and private fire fighting services. We are submitting them at
their required dates. Our vision continues to be marketing our products through
strategic alliances. By year end, additional new agreements had been reached or
executed in Australia, New Zealand, Belize, Honduras, Guatemala, Costa Rica,
Nicaragua, Panama, El Salvador, and by separate agreement in Mexico. We
initiated negotiations for and met new direct distributors for Venezuela and
South Korea during June 2002.

     Our management has held fast to the theme of establishing a sound retail
pricing structure for FIREPOWER 911(TM). Early on (July 1998 to March 1999), we
were successful in getting FIREPOWER 911(TM) approved by Wal-Mart on a regional
basis, first, and then elevated to full category status. Existing purchase
orders were in hand.

     However, management was not comfortable on issues such as the terms for
continuing fulfillment, insufficient timing for completion of orders based on
manufacturing criteria unique to FIREPOWER 911(TM), and the possibility of
delayed payments regardless of contractual terms. When the discounting of
FIREPOWER 911(TM) was taken into consideration, management was not willing to
jeopardize long-term success for short-term gain. Therefore, an agenda was
developed to first introduce FIREPOWER 911(TM) through marketing venues where
discount pricing was not the primary negotiating factor.

     We set out to place FIREPOWER 911(TM) into a retail environment where
pricing was not an issue to its success. When initial sales were made to grocery
supply companies, grocery stores and convenience stores, there was no effective
marketing/merchandising follow-up network in place to facilitate the in-store
service requirement held by the large store chains across the country. The
existing agreement with Convenience Service Group did not meet our criteria for
servicing the customers and was terminated in order that the company could take
a new direction with FIREPOWER 911(TM).

     Still believing in the uniqueness of an aerosol product providing safety
and ease of use for all consumers, we negotiated an agreement with a firm,
Triple-S Marketing, to provide the in-store service required by some of the
nation's larger retailers. We focused on Triple-S because of its emphasis on
home improvement stores. During the first quarter of 2002, Lowe's Home
Improvement stores gave Triple-S Marketing the initial approval for FirePower
911(TM) on a test market in and out program. Safety Saturday in June 2002 and
National Fire Protection Month (October) were the scheduled dates. Due to our
negotiations with George Foreman, former World Heavyweight Boxing Champion, we
requested that Triple-S place the FIREPOWER 911(TM) test market on hold until
completion of said negotiation. Also, we are negotiating with a national
infomercial company for the development and placement of the


                                       13
<PAGE>


infomercial. All of these proposals, negotiations, and agreements are currently
on hold due to a previous client's proposal to purchase the licensing and
marketing rights to our aerosol fire extinguisher technology. In January, we
were contacted by The Clorox Corporation, reviving previous negotiations from
1999 through 2000 with regards to the private labeling of FirePower 911(TM).
Representatives of Clorox met with management twice during the first quarter of
2003. At the second meeting, a proposal was made by Clorox to obtain the
exclusive licensing and marketing rights to our Aerosol Fire Extinguisher
Technology. The Board of Directors met during the last week of March. We sent a
counter proposal to Clorox in early April. Management and Clorox mutually agreed
to several terms of the counter offer. A sticking point however, is the
exchanging of intellectual property rights for FirePower(TM)'s contents which is
FlameOut(R). The Clorox proposal was very carefully crafted to elicit this
information and then reduce the royalties paid to Summit "should a competing
product come to the marketplace." Once the intellectual property exchanges
hands, the competitive product is on the way. Therefore, the Board of Directors
were not willing to release our intellectual property. We offered an alternative
to furnish Clorox the base chemicals of the formula. An additive package that
would protect our rights would be furnished by Summit as the vendor. It does not
appear that Clorox is willing to operate under these terms. Since this part of
our counter offer was communicated to Clorox, there has been no further contact
with us from Clorox.

     In 2000, the first shipment of FIREPOWER 911(TM) was packaged for
international sales with foreign language labels. Initial first market shipments
ranging from 2,000 to 5,000 cans went to Chile, Hong Kong and Japan. 5,000 cans
were to be sold to the public by the local fire departments in Chile. We and
Marketing Perspectives Incorporated ("MPI") will be satisfying labeling
requirements and insurance requests for completed product liability coverage.
During early July 2003, we were notified of a parallel company, Global Trade
Marketing, Inc. (GTM), which will become our official marketing partner,
replacing MPI. Mr. Claudio Gonzales, with whom we have been working for over 4
years, is the principal of GTM. Therefore, we are still dealing with the same
people and contacts with the only change being the name of our marketing
partner's company. FIREPOWER 911(TM) has also been approved by the Cabineros
(federal police) in Chile as part of their military equipment belt. FIREPOWER
911(TM) will be on these equipment belts as a tool for riot control due to fire
bombs thrown into crowds at large public events such as soccer matches. Through
our South American alliance partner, we submitted material, product, and
previous certifications to the authorities in Chile and Argentina in order to
obtain the appropriate approvals and ratings with each country. Our existing
certifications on both FIREPOWER 911(TM) and FLAMEOUT(R) have been accepted.
Additional approvals were received during 2002 by the Junta Nacional (National
Fire Department) and IDIEM for official fire extinguisher ratings of FirePower
Liquido 911 by the University of Chile. IDIEM is the Chilean equivalent of the
US-EPA. Pre-marketing Television Marketing infomercials began in June 2003 in
order to prepare the market for the introduction of the product to the
citizenship of Chile. The balance of the initial inventory has been sold through
this new marketing venue. We are currently producing new labels which include
all the new approvals.

     Official government of Chile approvals and certifications have been
completed with the regulatory agencies. The first customer for FirePower Liquido
911 is the Federal Police of Chile (Carabineros). We met with the United States
Government Export-Import Bank in October 2002. The purpose was to learn about
the environmental products export program. The program will allow us to accept
International Purchase Orders, granting payment terms to our international
customers. With a


                                       14
<PAGE>


qualifying credit report, we can take a purchase order to the bank and finance
90 percent of the total amount. By virtue of Ex-Im Bank's credit analysis, Ex-Im
Bank guarantees the repayment of our loan. We then purchase export credit
insurance from Ex-Im Bank to be used in the event of default. We submitted the
application to the Ex-Im Bank on March 10, 2003 on behalf of our customer in
Chile. The initial order, which will depend on the final credit approval of our
customer, will be between 15,000 and 20,000 cans. The overall plan, which
carries Chilean government endorsement, is for 250,000 cans over the next two
years. The pre-market television promotion began in June 2003. The initial order
for our two year program with GTM is scheduled first shipment in mid-August
2003.

     In 2000, we were notified by a direct home product television sales channel
that FIREPOWER 911(TM) would be part of its programming in 2001. QVC notified us
in March 2002 that product approval has been completed. QVC, seeking a letter of
verification that FIREPOWER 911(TM) is validated for sales in all 50 states,
received same from Applied Research Laboratories which is posted on our web
site. We have complied with all requirements and passed Quality Assurance
requirements. For product shipping, QVC sought a confirming letter from UPS that
the proper classification for shipping FIREPOWER 911(TM) according to US-DOT
guidelines was as "Consumer Commodity - aerosol non-flammable". UPS wrote two
separate qualifying letters for our company. QVC's legal department then
requested a letter from the US-DOT confirming what we claimed and UPS supported.
Official confirmation from DOT was obtained on February 21, 2003. QVC had
informed the company that once this letter was obtained "all" requirements would
be met. On March 3, 2003, the buyer at QVC informed management that FIREPOWER
911(TM) had been approved and would be submitted for the TSV (Today's Special
Value) programming rather than regular programming like we have experienced with
the Pannache Cosmetics Luscious Dust Brush. This is an 8-to-10 program airing in
the same 24-hour period. We anticipate this occurring during the third quarter
of 2003. However, due to the proposal from Clorox, we were not sure whether we
could negotiate to continue with this project. The proposal from Clorox for the
purpose of purchasing the licensing and marketing rights will contain language
which will either allow or disallow our continuation with the marketing of
FirePower 911(TM). The meeting with Clorox was held on March 26, 2003. The Board
of Directors met on March 27, 2003 to discuss the Clorox offer versus the QVC
purchase order. The purchase order from QVC has been noted to be very sizable.
In addition, management has been contacted regarding the possibility of another
offer from a large chemical and fire products company stating that a proposed
private label offer for FirePower 911(TM) is to be presented to us. When we sent
the counter proposal to Clorox, we stated that QVC would need to be
grandfathered into any agreement. A follow-up contact between representatives of
Clorox and Summit indicated that the maintaining of our relationship with QVC
would not be a problem. The QVC promotion will be for a two-can unit. Therefore,
we had to re-submit a package for the UPS drop test with two cans in the package
rather than the one can package previously submitted and approved. Conversations
between management and the buyer at QVC indicated that as soon as the drop test
was completed, the purchase order would be issued. We received the first
purchase order from QVC for 10,000 cans for the first airing which is scheduled
for September or earlier if we get the shipment ready for delivery. This order
will be for a single program with the TSV to follow. This request of QVC was
initiated by us. The cans for FirePower(TM) are a special order and take six
weeks to secure from overseas. Additionally, we will be changing the product
name to merely FirePower(TM), eliminating the 911. We are sensitive to the
feelings of victims' families from the September 11, 2001 attacks and do not
want to be perceived as trying to capitalize on some tragic event unfairly. Even
though 911 has been a part of our product name for several years prior to the
events of September 11, 2001, our product is still relatively unknown and could
be inappropriately judged.


                                       15
<PAGE>


     Our strategic alliance partner, International Aero, Inc., is the world's
largest reconfiguration company for commercial aircraft. We and International
Aero have been working on the minimum performance standards requirements
established by the Federal Aviation Administration. Previously, the handheld
fire extinguishers onboard all commercial aircraft contained Halon 1211. The
Geneva Peace Conference banning of Halon 1211 included a catastrophic exposure
clause called Mission Critical that allowed the airline industry an extension of
time before these extinguishers faced mandated replacement. The testing protocol
for selecting the replacement agent has been published by the FAA. FLAMEOUT(R)
meets all of the technical criteria required by the performance standards. Last
year, the actual Gross Volume Production Tests of FLAMEOUT(R) on jet fuel and
heptane were conducted. The initial performance tests will be conducted at
International Aero's new licensed fire testing facility. In December 2001,
FLAMEOUT(R) was officially listed by the US Department of Transportation and
Federal Aviation Administration as an officially approved replacement for Halon.

     International Aero's distribution rights extend to the aviation industry,
the United States Military, and the United States Gulf Coast petroleum industry.
In conjunction with the research department at International Aero, we are
developing an alternative to another fire-fighting agent, AFFF. AFFF, used
primarily for petroleum fires, is a known cancer-causing agent. Our intent with
International Aero is to develop a non-toxic, non-corrosive, biodegradable
alternative for AFFF. The biodegradation technology obtained from BioGenesis in
the first quarter of 2003 was for the purpose, initially, of providing an
environmentally safe clean-up product for use while the existing stockpiles of
AFFF are being used. During April of 2000, FLAMEOUT FOAM(TM) was tested at the
Ansul fire test facility in Marinette, Wisconsin. The foam stability test was
very successful. Additionally, FLAMEOUT FOAM(TM) was the only product tested to
pass the UL162 encapsulation and emulsification test. This new formula has been
tested by Jockel Manufacturing in Germany and by the National State Fire
Department and Testing Agency in Brazil and Exxon of Norway. Testing for a
military specification number as an alternative for AFFF at the United States
Air Force testing center at Eglin Air Force base in Florida began in April 2002.
FLAMEOUT(R) FOAM has been selected as one of the three products for further
advanced testing for approval.

     We have developed a non-toxic, biodegradable turbine cleaner for use on jet
engines. In only fifteen minutes, ULTIMATE CLEAN 668(TM) can remove enough
residue from jet engine blades that the next flight would experience fuel
savings sufficient to pay for the expense of the cleaning. The cleaning of the
engines on planes is required as regular periodic maintenance. When fuel savings
are considered, this means savings for the airlines. Currently used products
produce a run-off residue with contamination by metal particles that find their
way into the ground water. The first in a series of required tests began in
November 1999, for the purpose of establishing ULTIMATE CLEAN 668(TM) as
non-corrosive regarding eight different metals. With the completion of the
corrosive metals tests, actual onboard tests will begin in order for us to
obtain a military specification number for ULTIMATE CLEAN 668(TM). The protocol
under which ULTIMATE CLEAN 668(TM) is now being tested is for multiple
applications and is expected to culminate in a military specification number.
The use of this produCT will allow commercial airline companies to be in
compliance with the newly mandated EPA Water Runoff Quality


                                       16
<PAGE>


Standards. The alternatives for the airlines are very costly measures that would
affect every department of their operations. Continued use of the corrosive
cleaners would require the cleanings to be performed in designated cleaning
areas, away from the airlines' operations.

     Additionally, the Department of Defense ("DOD") is also involved with this
testing and approval. The original direction of ULTIMATE CLEAN 668(TM) was for
the commercial airline industry. The DOD's involvement has increased our
potential market by another 50 percent from the original projections based on
International Aero's customer base.

     Also incorporated into the test of the company's Type III concentrate was
the addition of Type II concentrate and Type II ready-to-use tests for
additional approvals. These additional approvals also increase the size of the
market for the product and the amounts of product to be used.

     We concede that this testing process has been very tedious and
time-consuming. The reward for us will be a head start in the market. Even
though there have been unknowns to be dealt with, we and our product have not
experienced any setbacks. The lab conducting the test protocols for the
MIL-PRF-85704C has notified us that Ultimate Clean 668(TM) has successfully
conformed with the requirements for corrosion, crazing, painted surfaces,
acrylic surfaces, and water and acid stability. The storage stability test is
the final remaining requirement and is now classified as "accelerated storage
stability." Application was formally requested by the United States Navy, and we
and International Aero promptly submitted said application. Our physical testing
request has been accepted at Pax River. The major obstacle has centered around
an aqueous (water) based product testing to a 50-year-old-plus military
specification designed for petro-chemically produced products. We, BioGenesis,
and the laboratory collectively have resolved a major obstacle with regards to
storage stability. We plan on having a newly blended adaptation to the original
668 formulation which BioGenesis feels will solve the problems we have
experienced with the sodium and potassium requirements in August 2003. We will
be resubmitting the refined 668 formulation to the lab for resumption of the
test protocols at that time.

     Further tests being conducted on FLAMEOUT(R) had positioned FlameOut(R) to
become officially approved in Brazil by the end of the second quarter of 2002.
The financial crisis in Argentina put this process on hold. Once the IMF Bank
fund reclassifies the currency in Argentina, the company can proceed through
Ex-Im Bank. This approval will also be accepted in the other Mercosur Pact
countries -- Argentina, Uruguay and Paraguay. MPI, now GTM, notified us that the
IMF rating for Argentina's currency was approved in February 2003.
Representatives of GTM traveled to Argentina, Brazil and Chile to reopen the
process we have been involved with during May 2003. In April, GTM notified us
that the initial plan for production in Argentina was back on a schedule, but
that the blending of product would now occur in Brazil. The Export-Import Bank
reclassification for the monetary system in Argentina became effective in August
2003.

     Due to some changes within MPI, a parallel company, Global Trade Marketing,
Inc. has been established. The primary principal of GTM is Mr. Claudio Gonzales
with whom we have been working for five years. We have executed a new agreement
with GTM for the Mercosur Treaty Countries and Chile. GTM has started a new
venue in Venezuela which includes testing, using FlameOut(R) Foam for the
purpose of securing petroleum certification in Venezuela from the country's
major petroleum company.


                                       17
<PAGE>


     Last July and August, we received inquiries from Bituminous Insurance
Company for the purpose of utilizing FlameOut(R) on equipment insured by
Bituminous for fire loss. Bituminous is the oldest and largest specialty
insurers for logging equipment. Bituminous circulates promotional material and
videos/CD's through their field agents calling on their property and casualty
agencies. Bituminous requires FlameOut(R) to be in either 2 1/2 gallon or 6
Liter extinguishers at specified locations on each piece of equipment. We have
these extinguishers specially manufactured for us. Additionally, we have
designed and have fabricated locally a special mounting bracket for these
extinguishers that will stand up to the heavy-duty, rough environment where this
equipment operates. We have also begun packaging FlameOut(R) Topper bottles
which measure the appropriate amount of FlameOut(R) to be used to top-off either
the 2 1/2 gallon or the 6 Liter extinguisher once filled with water in order to
create a 6% total FlameOut(R) solution. This equips the extinguisher for Class A
or B fires. We have dealers established and ordering products on a weekly basis
selling to the loggers and logging companies in Louisiana, Mississippi, Alabama,
South Carolina, North Carolina, Virginia, and Arkansas. Other insurance
companies which have joined Bituminous are Santee Insurance Company and Lloyd's
of London. The latter two are also offering premium discounts for the
FlameOut(R) product's placement on insured equipment.

     COSMETICS

     During the 3rd Quarter of 2000, management gave Paula Parker,
Vice-President for Shareholder Relations, a directive to develop a new product
line, a color cosmetic line to complement the already developed skin care
cosmetic line, Pannache. This product line is environmentally friendly and made
with premium botanical and natural essential oils and vitamins. The initial
product would be in a new category of cosmetic lipsticks; long-lasting, no
smear, semi-permanent lip color. The company first introduced Luscious Lips in
August 2001. Luscious Lips initially was manufactured for Pannache by an
independent private label cosmetic company. Today we manufacture our own
formulas through a contract lab and custom filling company. Our website
www.pannachecosmetics.com displays the entire Pannache Cosmetics Product Line.

     The idea for the star product of the color line was to develop a
semi-permanent, long-wearing, no smear or stain lip color. Companies like Avon,
Beauty Control, Max Factor, Revlon, Cover Girl and Maybelline have developed
products they tout as long-wear, no smear; however, we believe they do not
perform as advertised. Luscious Lips will stay on 8 to 10 hours and will not
come off until removed with remover. The development phase began in September
2000 with final formula approvals in June 2001. We received four of the twelve
selected colors in August and began the first of two directed test markets. One
market was to sell product directly to performing groups such as dance lines,
dance schools, high school drill teams, cheerleaders and twirling groups. Prior
to beginning, we secured the endorsements during July for the Miss Texas and
Miss Arkansas Pageants. Both Stacy James (Miss Texas 2001) and Jessie Ward (Miss
Arkansas 2001) were using Luscious Lips during their state pageants when they
won their respective pageants. Stacy was in the top twenty and Jessie was a top
ten finalist in the Miss America Pageant. Due to product programming approval at
QVC, changes have been made in the lip color line. We have the opportunity to
introduce and entire line of lip products on QVC.


                                       18
<PAGE>



Therefore, we have changed the name to Pretty Pout(TM) Lip Collection which
consists of the original colors, gloss and remover. However, the term Lip
Collection added to the name satisfies the need for a lip balm, lip exfoliator
and a lip volumizer (plumper) of which the latter we have already developed. All
products will be marketed through QVC, direct dealer sales, and private label
sales.

     The success of the test markets indicates to management that expanding the
marketing toward performing groups and through direct distributors should create
high-profit-margin venues. The sale of a single tube of Pretty Pout(TM) Lip
Color wholesale creates a greater profit margin than the sale of a can of
FIREPOWER 911(TM). Pretty Pout(TM) is now manufactured for the company under a
non-disclosure, non-circumvention agreement by a private label color laboratory
that gives the company an exclusive product.

     The cosmetic industry is a 300 billion-dollar industry worldwide with Avon
being the largest, controlling only 7% of the market share. Therefore, no one
company can control the market. Prices are always stable while sales are always
consistent.

     The initially established dealer network attained a closing ratio of close
to 100% of the presentations being closed and purchasing the initial inventory
for a dealer. A dealer purchases at 50% off of retail and makes 100% profit on
resale. Our margin is at 106%. The direct sales test market directed to drill
teams and cheerleading groups produced a 100% closing ratio. There are 178,000
drill team participants in high schools in Texas each year. Couple this with the
middle and high school cheerleaders, and the market is over 500,000 participants
in Texas alone. We introduced a targeted fund raising program especially
designed for these groups at the January meeting of the association. The
response was better than anticipated which has led us to begin to hire
commissioned sales agents for four specific territories in Texas to follow up on
the sales leads from this one meeting.

     In March 2002, we met with Reliant Interactive Media Group for the purpose
of taking three to four of our products on QVC and Home Shopping Network
International. Reliant merged with Thane Distribution Group. Of special note,
Reliant founders Kevin and Tim Harrington are noted developers of infomercials
and direct response television. They represent such notables as Bruce Jenner,
Kathy Smith, and Tony Little. The companies have agreed to place our products in
the shopping channel venues of QVC and develop 30-minute infomercials for these
products. One such product is FirePower 911(TM).

     During the fourth quarter of 2002, the first purchase order for the
Pannache Luscious Dust Brush were completed and shipped to QVC. Paula Parker
appeared on live programming on January 20, 2003, and February 10, 2003. The
product and presentation were moved to prime-time scheduling, and the last
presentation occurred on April 29, 2003. Also during the first quarter of 2003,
the Pannache Luscious Lips product kit and the Pannache Sunless Tanning Mist Kit
have been approved for programming at QVC. The tradename for Pannache Luscious
Lips has been changed to Pannache Pretty Pout(TM) Lip Collection. We are
required to conduct a certain microbiological and dermatological assays. These
tests take six to eight weeks to complete. We can, after the completion of these
tests, complete the QA process in order to be scheduled for programming. The
collection will consist of the original 16 lip colors, remover, and moisturizing
gloss. Added to the line will be a lip balm, lip volumizer, and lip exfoliator.
All products are to be introduced on QVC. Pretty Pout(TM) is in the final stages
of QA at QVC and we received the first purchase order on July 29, 2003.
Programming for Pretty Pout(TM) is scheduled for September 2003. The Sunless
Tanning Mist collection will also contain a body exfoliator and a specially
designed loofah sponge.


                                       19
<PAGE>


     OUTLOOK

     The statements made in this Outlook are based on current plans and
expectations. These statements are forward looking, and actual results may vary
considerably from those that are planned.

     Continuing to believe that, with the approval, listing and rating of
FIREPOWER 911(TM) as a fire extinguisher, a niche market has been created. This
is supported by actions taken by the USEPA, which has been mentioned previously,
and actions of the Connecticut State Fire Marshal's Office and the California
State Fire Marshal's Office. This year, the additional enforcement by other
state fire marshals' offices which we began seeking began to be implemented.

     The formula for FIREPOWER 911(TM) and FLAMEOUT(R), is one of only a few
suppressing agents certified by the EPA as a replacement for the globally banned
fire agent, Halon 1211. Initially, the Connecticut State Fire Marshal's Office
notified us that our aerosol fire suppressant, FIREPOWER 911(TM), was to be
removed from the shelves of Home Depot, because it was not listed and rated as a
fire extinguisher. All other aerosol can products representing that they were
fire extinguishers were also to receive the same notification. While we were not
marketing FIREPOWER 911(TM) as a fire extinguisher at that time, the other
aerosol fire suppressors subject to this action were touting their products to
be fire extinguishers.

     Due to the capabilities of FLAMEOUT(R), we applied for the minimum fire
extinguisher rating in order to establish FIREPOWER 911(TM) as a fire
extinguisher and satisfy the State Fire Codes. The specific fire code is
ANSI/UL8 and ANSI/UL711, set forth in the NFPA Standard 10. NFPA 10 establishes
the requirements for listing and rating portable fire extinguishers.

     We completed the listing and rating requirements, placing FIREPOWER 911(TM)
in a class of its own, the only listed and rated fire extinguisher in an aerosol
can available in the global marketplace. Subsequently, we received a letter from
the Connecticut State Fire Marshal's Office certifying that the company's
FIREPOWER 911(TM) had satisfied their fire code requirements.

     California has a unique legislative requirement in addition to the NFPA and
ANSI/UL standards for portable fire extinguishers. This is a new area, termed
Non-Halon Certification, and means that any portable fire extinguisher whose
marketing intent is directed to the residential and individual use market must
contain a formula that has been certified as Non-Halon. FLAMEOUT(R) is the first
of seven permanent listed and certified replacements for Halon 1211. It is the
only product that can meet this California requirement due to the type of
approval for FLAMEOUT(R). The approval is for residential as well as commercial
use. All other products are approved for commercial use only. Applied Research
Laboratories has completed the application process on behalf of our company,
meeting the California Non-Halon requirements.


                                       20
<PAGE>


     With these requirements, approvals, listings, certifications, and
confirmations, we have positioned FIREPOWER 911(TM) to become the only product
that can be sold in the retail residential market in California. The completion
of this certification will place FIREPOWER 911(TM) as the only product that has
survived this process, according to the California State Fire Marshal's Office.

     In other states where Non-Halon certification has not become effective to
date, there is still the NFPA 10 requirement that all aerosol cans must be
tested, listed, and rated as a fire extinguisher. FIREPOWER 911(TM) is the only
product that possesses the validated listing and rating for an aerosol fire
extinguisher. Last year, we sought additional enforcement action when we became
aware of "copycat" products of FIREPOWER 911(TM). Mass merchandisers and direct
response television companies were forced to remove products from their
programs.

     Several issues have slowed down the marketing of FIREPOWER 911(TM). Its
formula is FLAMEOUT(R), a technology for fire suppression, not merely soap in an
aerosol can. A specific type of aluminum is required for the container to meet
the ANSI/UL8 portion of the validation and listing tests. The size and type of
can required to hold the FLAMEOUT(R) by the very rigid standard for fire
extinguishers is not manufactured in the United States. We must bring the empty
shells in from Madrid, Spain. In early 2003, we found a supplier for cans in
Mexico which will shorten our delivery time for shells by about three weeks. We
also are now using Nitrogen as our propellant rather than 134-A inert gas as
before. This reduces our cost of goods by 28%.

     These production issues, plus the manufacturing efforts to produce a
product with a five-year shelf life, and royalties paid to the testing
laboratory calculated on each unit are examples of the unique requirements for
the pricing of our fire extinguishers.

     When attempts to market a product like FIREPOWER 911(TM) were met with
"copycats" which have not passed the scrutiny of the validations, listings and
ratings, an education issue is created which must be carried out at the buyers'
level. We have significantly completed this phase of FirePower(TM) development.
For this education effort to have meaningful effect, enforcement action was
required by the state fire marshals' offices. The copycat products have been met
with enforcement actions which we were seeking and are almost non-existent.
These enforcement actions are public record in several states such as Texas.

     Presenting the information in this format during 2002, we negotiated an
agreement with a national marketing and merchandising company, Triple S
Marketing, that places the products they represent into two of the largest home
building products stores in the country. The senior buyer for one of these
chains of stores has approved FIREPOWER 911(TM). A redesign of the home safety
products section began in June 2001. Currently, FIREPOWER 911(TM) is scheduled
to appear in these stores but we do not have a firm date. Management met for
line review at Lowe's headquarters in North Carolina the first week of January
2002. FirePower 911(TM) has been approved for test marketing. During August
2002, we negotiated an agreement for George Foreman to be the national
spokesperson for FirePower 911(TM). Management notified Lowe's in September 2002
of its desire to put off the roll-out at Lowe's. We requested that the Lowe's
program for National Fire Prevention be cancelled due to a pre-emptive action
which could have short circuited the longer range and much larger scale program
for marketing FirePower 911(TM).


                                       21
<PAGE>


     In 1998 we executed a non-circumvention, non-disclosure agreement with The
Clorox Corporation reflecting Clorox's possibly marketing FirePower 911(TM)
under a private label throughout its nationwide marketing network. By 2000,
further examinations were conducted and management met with legal, branding,
marketing, pricing and research/development representation of our potential new
client. In January 2003, we met with Clorox and were presented a proposed
licensing and manufacturing agreement whereby we would license, for the retail
consumer market, the technology, production rights and tradename for FirePower
911(TM) to Clorox. On March 26, 2003, representatives from Clorox made a formal
proposal to us in Longview, Texas. The proposal was presented to the Board of
Directors on March 27, 2003. Several key issues must be negotiated specifically
involving the proprietary formulation of FirePower 911(TM) - FlameOut(R).
Management presented a response to Clorox based upon the combined input from the
Board of Directors. The Clorox proposal provided for cash, up front, for the
purchase of the licensing rights and a continuing royalty to be paid on all
sales. We submitted a counter offer which included additional cash up-front,
higher royalties, Summit's maintaining QVC and a Canadian distributor for
FirePower, and our maintaining the special additive package to the FlameOut(R)
formulation as proprietary. Our insistence that we maintain control over the
special additive package for FlameOut(R) has stalled the negotiations. We have
had no substantive response from Clorox since May 2003.

     FLAMEOUT(R) was submitted to the United States Forestry Service through its
technology development program in order to satisfy the requirements for
qualification testing as a Wildland Fire Chemical. This test protocol will be
ongoing for eighteen months. The Forestry Service requested and we supplied the
actual test product in order to complete the protocol through our Canadian
Strategic Alliance Partner, Mark Hays dba 614751 Alberta Limited. 614751 Alberta
Limited is now doing business as Just-In Case Fire, Ltd. The aerial fire
fighting company Pro Air, and the Canadian Forestry Service are following the U.
S. Forestry Service's test. Feedback is that FLAMEOUT(R) is performing very
favorably. The reports received by the Company are that the Canadian Forestry
will accept the U. S. Forestry approval for immediate sales in Canada. The
Company has been notified of pending orders at Pro Air. During the fourth
quarter of 2002, the toxicity and corrosive tests and storage stability test
were successfully completed.

     FLAMEOUT(R) was tested as a wetting agent and fire suppression foam. Once
approved, FLAMEOUT(R) can be used in catastrophic wildfires that occur every
year. Our product, in unofficial tests, has outperformed every product with
which it has been compared. Management knows this first-hand from being on the
actual fire lines in Florida. This should become a large venue for product sales
beginning with the 2003 fire season. The Forestry Service informed us by our
project manager of completion of all test requirements. The final review of the
Material Safety Data Sheet (MSDS) occurred during the last week of April. We
received the listing of FlameOut(R) with the QPL (Quality Products Listing) on
May 5, 2003. Now we are in the process of securing a product listing with
Government Service Agency (GSA).

     During the first week of July 2003, the first aerial drop tests were being
conducted in Canada. Of special note, the feedback was immediate and positive.
We were informed that the helicopter pilots remarked that FlameOut(R) is the
first product they have ever dropped whose foam lasted long enough for them to
locate the position of the last drop upon returning for their next drop.


                                       22
<PAGE>


     FlameOut(R) was shipped to Arizona the week the fires began near Tucson in
June 2003. Feedback from a new potential distributor is very positive. Several
government contracts are up for renewal or are being cancelled due to
environmental issues with existing products. FlameOut(R), now on the Forestry
Service QPL, is the only non-toxic product approved.

     We have been in negotiations with QVC for the sale of FIREPOWER 911(TM)
since October 2000. FIREPOWER 911(TM)'s front runner, Chief's Choice, was the
initial aerosol fire suppressant sold on QVC. While FIREPOWER 911(TM) was going
through the validation and listing process at Applied Research Laboratories,
"ARL," QVC was notified of the NFPA standards requirement held by State Fire
Marshals' offices and substituted another "copycat" product for Chief's Choice,
which also violated the requirements for which we had chosen to qualify in order
to be in compliance in all 50 states. Last year, this "copycat" product was
removed from programming at QVC, due to action taken by the Texas State Fire
Marshal's office, and we were notified that the category buyers at QVC had
approved FIREPOWER 911(TM) one-liter rated fire extinguisher for purchase. We
were told that once the legal department was cleared, scheduling of programming
and initial purchases would begin. During April 2001, we were notified that the
QVC legal department would be requesting a letter of verification that FIREPOWER
911(TM) is legal in all 50 states. We are awaiting the official request from
QVC's legal department. However, a letter stating this verification is currently
posted on our web site, www.seci-us.com or www.summitenvironmental.com.
Management met with the buyers at QVC in February 2002, and FIREPOWER 911(TM)
was approved for programming. QVC viewed FirePower 911(TM) as possibly requiring
hazardous material classification in order to be shipped by UPS. We took
exception due to the fact that we have been shipping FirePower 911(TM) direct
via UPS for five years. FirePower 911(TM) is appropriately classified as ORM-D
Consumer Commodity Aerosol non-flammable as is thus excerpted from the HazMat
classifications. In order to resolve the issue, we had to request UPS support
our position. U.P.S. provided us with two letters in an attempt to satisfy the
QVC requirements. After receiving said confirmation, QVC requested that we
obtain a confirmation of classification from the United States Department of
Transportation. On February 21, 2003, we received the confirmation. The buyer at
QVC has informed us that FirePower 911(TM) will be submitted for approval as a
TSV (Today's Special Value) programming. Due to the types of product package for
the QVC programming (a two-can unit), we must resubmit a package containing two
cans in the package for the UPS drop test for Quality Assurance at QVC. We have
already passed the drop test with a single can in a package. However, since the
purchase order from QVC will be for a two-can unit, we must complete the drop
test with the package as it will be shipped. The drop test package was submitted
the week of April 21, 2003. We completed the drop test in May 2003. We have
proposed to QVC an initial two-program airing for FirePower(TM) prior to any TSV
promotion. We received a purchase order for 10,000 cans from QVC on June 19,
2003 for program airing in September, as a single program kickoff prior to the
TSV.

     International marketing agreements continue to be negotiated and executed
this year. A key element of these agreements is the revenue sharing clause that
provides us profit sharing from the tools, devices or mechanisms into which
FLAMEOUT(R) is introduced for resale. Global agreements reached during the year
agreements in Belize, Guatemala, Nicaragua, Honduras, El Salvador, Panama, Costa
Rica, New Zealand, Australia and Mexico. We have been assisting our distributor
partners with necessary testing, listing, ratings and certification in order to
complete the registration process in each of these countries.


                                       23
<PAGE>


     FLAMEOUT(R)'S formal certification with the government of Brazil is
ongoing. Sales orders are already in place through strategic alliance partner
GTM, formerly MPI, and are awaiting release of this product's registration
number. The collapse of Argentina's monetary system stalled our progress.
Previous negotiations for the Mercosur in South America halted due to the peso
devaluation in Argentina, are now back on schedule. With the reclassification of
Argentina's currency by the IMF, we will begin to utilize Ex-Im Bank in 2003.
The reclassification occurred August 1, 2003. Information received from our
South American partner, GTM, informed us we could be blending our first product
in South America in September 2003. We have the approval for FlameOut(R) from
Petrobas in Brazil. This gives FlameOut(R) credentialed certification for Class
A and B fires throughout the Mercosur Countries (Argentina, Brazil, Paraguay and
Uruguay). In order for the government agency Infraereo to purchase our product,
it must be manufactured within the Mercosur. The Brazilian blending operation is
the first of three blending operations we will be setting up overseas during
2003.

     We have met with representatives from South Korea for the purpose of
finding a blending manufacturing/distribution partner for Southeast Asia.
Currently, the final stages are being completed for a European blending
facility. First orders for the European facility are expected in August or
September 2003.

     During February 2001, we sold our first order of FIREPOWER 911(TM) to our
distributor, Techno-Supplies, in Norway. During 2002, Techno-Supplies continued
to order FLAMEOUT(R) for Exxon of Norway, and other Black Sea petroleum
companies. Tests results have been favorable and are concluding.

     During the last week of July 2003, agreements were reached for a blending
operation to be established in Italy. Dr. Amiran spent the previous two weeks
representing us in Italy working out the details for this blending operation.
For international sales, this provides a great benefit for our customers. Their
real saving come from freight savings. Additionally being able to purchase base
chemicals locally will save some additionally on their cost of goods. This will
make FLAMEOUT(R) more cost competitive in the regions.

     A company, Just-In Case Fire Ltd., manufacturing a home fire extinguishing
unit in Canada has approved FLAMEOUT(R) over fifteen other products as the
product of choice to be utilized in its system. Just-In Case Fire, Ltd. has
completed the securing of five separate patents on the system. Summit will be
supplying FLAMEOUT(R) for the Canadian sales and will handle distribution of the
units through some of our other strategic alliance partners such as those in
Australia, Mexico, Norway, and South America. Some Fire Caddy sales were made by
Summit to Tecno-Supplies in Norway during 2002. The first orders of FLAMEOUT(R)
were shipped in January 2002. Subsequent orders shipped in 2002. Orders have
continued on a monthly basis in 2003. This agreement has resulted in global
sales where the Fire Caddy will only be manufactured utilizing FlameOut(R). We
receive a royalty on each unit manufactured by Just-In Case Fire. During
November 2002, we and Just-In Case Fire participated in a FEMA/Homeland Security
demonstration using FlameOut(R) and the Fire Caddy(TM) in extinguishing a mock
plane crash which was part of an overall simulation of how to handle potential
terrorist attacks.


                                       24
<PAGE>


     Beginning in early 2003, expecting the United States Forestry listing of
FlameOut(R) on the QPL, Just-In Case Fire Limited requested and was granted a
larger role in the marketing of FlameOut(R). We are currently working on our
first large bulk order to Just-In Case Fire. Our Canadian partners are utilizing
the US Ex-Im Bank Export Credit Program for these orders. This initial order,
scheduled to ship in August 2003, exceeds $200,000.

     Just-In Case Fire also developed a new product with our approval in which
to place FlameOut(R). The Hose Caddy(TM) is a device similar to a garden
fertilizer/insecticide sprayer which fastens to the end of a garden hose.
Equipped with one quart of FlameOut(R), The Hose Caddy(TM) is another product
which will produce royalty payments to Summit along with the sale of FlameOut(R)
to Just-In Case Fire.

     During August 2002, we received the endorsement of FlameOut(R) by
Bituminous Insurance Company for usage of our product along with specially
manufactured 2 1/2 gallon and/or 6 Liter fire extinguishers on highly
specialized and expensive logging equipment. Bituminous Insurance began in
January 2003 notifying insureds of non-renewal for equipment coverage if the
insured failed to furnish FlameOut(R) and its related extinguishers on the
insured's equipment. A second, Santee Insurance Company, came along with a
similar endorsement during November 2002. Next, direct underwriters for Lloyd's
of London began to offer 25% discount on premiums if our product was included.
In March 2003, Northeast Mutual Insurance Company, insuring farms and ranches
endorsed FlameOut(R) allowing 15% premium discounts. In addition, when the Fire
Caddy is used, utilizing FLAMEOUT(R) to extinguish the fire, the company will
wave the deductible. We have been able to utilize some of the insurance agents
as dealers to sell our products since they are the contact delivering the
non-renewal notice to their insureds. Where the agents do not participate, we
are offering a direct sales program from the home office. We began setting up
parts stores as dealers in May and June 2003 in Louisiana, Oklahoma,
Mississippi, Arkansas, Virginia, North Carolina and South Carolina.

     Our test for securing the military specification number MIL-PRF-85704C,
which will enable the company's ULTIMATE CLEAN 668(TM) jet engine cleaner to be
listed with the Department of Defense, Quality Products Listing, has proceeded
into classification tests for Type III concentrates and Type II ready-to-use.
The testing for this non-corrosive approval has resulted in some adjustments to
the formula for the test on ceramic and acrylic finishes. This test is also
being done in the "water soluble" category. To our knowledge, there are no other
products that are aqueous-based which can accomplish the cleaning requirements
of the test protocol or the actual engine cleanings. The expanding from the
initial Type III approvals to include the two categories of Type II greatly
increased the market potential for ULTIMATE CLEAN 668(TM). Technical testing
confirmation for protocols was received in May 2001. We are now awaiting a
slotting appointment for the completion of the physical application test in
cleaning test engines. Through our strategic alliance partner, International
Aero, we have initial sales to be made to major airlines such as United,
Continental, Delta, Northwest and Eastern airlines. The recent increase in jet
fuel costs has heightened the airlines' interest in ULTIMATE CLEAN 668(TM).
During September, 2001, formal application for the physical test was submitted
to and accepted by the United States Navy. Progress has been made on the
accelerated storage stability final phase of the testing. We are submitting a
refined formulation to the laboratory in August 2003. BioGenesis has been
working on solving the potassium and sodium issues we were experiencing.


                                       25
<PAGE>


     Our development of ULTIMATE ABSORB 1103(TM) has led to our negotiating the
purchase of the patents, formulas and intellectual property rights. Of special
importance to this agreement is the completion of the never-before-issued EPA
Landfill Stamp approval. ULTIMATE ABSORB 1103(TM) already has EPA (as
non-toxic), USDA, FDA, WHO and California Title 22 approvals. However, the EPA
Landfill Stamp allows for encapsulated and absorbed materials to be deposited in
landfills anywhere. On April 2, 2001, we were notified that we had successfully
stabilized heavy metals in the hazardous materials containment portion of this
testing. No other product has ever completed this portion of the test protocol.
We have introduced the absorbent in South America, Scandinavia, Europe and in
several industries within the U.S. Ultimate Absorb 1103(TM) has been submitted
for vendor application approval to Ace Hardware and Lowe's Home Improvement
stores.

COSMETICS

     Successful test markets of Pannache Cosmetics for direct dealer sales and
shopping channel sales have shown us two high volume markets. Both test markets
provided nearly 100% closing ratios. The profit margins are greater than any of
our other products whether sold wholesale or direct to the consumer from us. We
have taken steps to begin manufacturing all of our products and control our
formulations through non-disclosure agreements. Our line now includes over 100
products. 2003 will see the full development of a dealer sales network.

     New innovative fund raising programs were kicked off in January selling
Luscious Lips through high school drill teams, cheerleading groups and twirling
groups. We will also be attending a national show each month promoting the
entire line and securing new dealers.

     Negotiations for Luscious Lips and Luscious Dust Brushes were completed
during first quarter 2002 on home shopping channels through Reliant Interactive
Media Group. The Luscious Dust Brush was approved for programming at QVC. The
first sale programming occurred on January 20, 2003. A second programming
occurred on February 10, 2003. The third program occurred on April 29, 2003. Our
product was the Number Two revenue generator for the hour long "Beauty
Solutions" show. Additionally we have had Luscious Lips, which will be renamed
Pretty Pout Lip Collection, approved for programming on QVC. A purchase order
for Pretty Pout(TM) Lip Color was received on July 29, 2003. The first
programming is scheduled for September 2003. The change of the name of the lip
product to Pretty Pout Lip Collection is for the purpose of developing a lip
exfoliator, lip balm, and lip volumizer for continued programming. Additionally,
the Pannache Sunless Tanning Mist Collection has also been approved at QVC. The
Sunless Tanning Mist will be packaged with a body exfoliator and loofah sponge
to make the product kit. This product kit is scheduled to air in January 2004.
We have two new packages currently being prepared to submit to QA at QVC.

     We have our first private label joint venture agreement near completion. A
joint venture is being formed with a very successful company wanting to expand
its product offering to include cosmetics, which will be produced under their
company's name rather than Pannache. Official notification will be made through
a press release in August 2003.


                                       26
<PAGE>


     Our future results of operations and the other forward-looking statements
contained in this Outlook involve a number of risks and uncertainties. Among the
factors that could cause actual results to differ materially are the following:
our inability to obtain needed additional capital, loss of personnel -
particularly chief executive officer B. Keith Parker - as a result of accident
or for health reasons, interruptions in the supply of inventory from
manufacturers of the inventory, the development of a competing fire suppressant
by a well-capitalized competitor that either is able to develop a new product
with the same attributes as our fire suppressant or is able to discover the
additives to our fire suppressant that give it its unique and superior
qualities, and an accident involving life or serious bodily harm that fairly or
unfairly would bring into question the safety of using our fire suppressant
products.

ITEM 3.  CONTROLS AND PROCEDURES

     Evaluation of disclosure controls and procedures. We maintain controls and
procedures designed to ensure that information required to be disclosed in this
report is recorded, processed, accumulated and communicated to our management,
including our chief executive officer and our chief financial officer, to allow
timely decisions regarding the required disclosure. Within the 90 days prior to
the filing date of this report, our management, with the participation of our
chief executive officer and chief financial officer, carried out an evaluation
of the effectiveness of the design and operation of these disclosure controls
and procedures. Our chief executive officer and chief financial officer
concluded, as of fifteen days prior to the filing date of this report, that
these disclosure controls and procedures are effective.

     Changes in internal controls. Subsequent to the date of the above
evaluation, we made no significant changes in our internal controls or in other
factors that could significantly affect these controls, nor did we take any
corrective action, as the evaluation revealed no significant deficiencies or
material weaknesses.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)  EXHIBITS

                  The following exhibits are filed, by incorporation by
reference, as part of this Form 10-QSB:

    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.**

    3.2   -       Bylaws of Summit Environmental Corporation, Inc.*

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

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


                                       27
<PAGE>


   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(TM), Super Cold Fire, and FLAME OUT(R))*

   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.***

   31     -       Certification of Chief Executive Officer pursuant to 18 U.S.C.
                  Section 1350, as adopted pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.

   31.1   -       Certification of Chief Financial Officer pursuant to 18 U.S.C.
                  Section 1350, as adopted pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.

   32     -       Certification of Chief Executive Officer pursuant to 18 U.S.C.
                  Section 1350, as adopted pursuant to Section 906 of the
                  Sarbanes-Oxley Act of 2002.

   32.1   -       Certification of Chief Financial Officer pursuant to 18 U.S.C.
                  Section 1350, as adopted pursuant to Section 906 of the
                  Sarbanes-Oxley Act of 2002.

----------

      *           Previously filed with Form SB-2; Commission File No. 333-48675
                  incorporated herein.

     **           Previously filed with Amendment No. 1 to Form SB-2; Commission
                  File No. 333-48675 incorporated herein.

    ***           Previously filed with Amendment No. 5 to Form SB-2; Commission
                  File No. 333-48675 incorporated herein.

   ****           Previously filed with Form 10-QSB 03-31-02; Commission File
                  No. 333-48675 incorporated herein.


(b)    FORMS 8-K

       None


                                       28
<PAGE>


                                   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:    August 19, 2003

                                Summit Environmental Corporation, Inc.



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



                                       29
<PAGE>

                               INDEX TO EXHIBITS

<Table>
<Caption>

EXHIBIT
NUMBER            DESCRIPTION
-------           -----------
<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.**

    3.2   -       Bylaws of Summit Environmental Corporation, Inc.*

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

   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(TM), Super Cold Fire, and FLAME OUT(R))*

   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.***

   31     -       Certification of Chief Executive Officer pursuant to 18 U.S.C.
                  Section 1350, as adopted pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.

   31.1   -       Certification of Chief Financial Officer pursuant to 18 U.S.C.
                  Section 1350, as adopted pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002.

   32     -       Certification of Chief Executive Officer pursuant to 18 U.S.C.
                  Section 1350, as adopted pursuant to Section 906 of the
                  Sarbanes-Oxley Act of 2002.

   32.1   -       Certification of Chief Financial Officer pursuant to 18 U.S.C.
                  Section 1350, as adopted pursuant to Section 906 of the
                  Sarbanes-Oxley Act of 2002.
</Table>

----------

      *           Previously filed with Form SB-2; Commission File No. 333-48675
                  incorporated herein.

     **           Previously filed with Amendment No. 1 to Form SB-2; Commission
                  File No. 333-48675 incorporated herein.

    ***           Previously filed with Amendment No. 5 to Form SB-2; Commission
                  File No. 333-48675 incorporated herein.

   ****           Previously filed with Form 10-QSB 03-31-02; Commission File
                  No. 333-48675 incorporated herein.