<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 September 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 November 10, 2003, there were 17,249,194 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

<TABLE>
<CAPTION>
                                                                                        Page
                                                                                        ----
<S>                                                                                     <C>
ITEM 1.           FINANCIAL STATEMENTS

         Condensed Balance Sheets September 30, 2003 (Unaudited) and
                  December 31, 2002 (Audited)                                            3
         Statements of Operations (Unaudited) Three Months Ended
                  September 30, 2003 and 2002, and Period from
                  August 14, 1997 to September 30, 2003                                  4
         Statements of Operations (Unaudited) Nine Months Ended
                  September 30, 2003 and 2002                                            5
         Statements of Cash Flows (Unaudited) Nine Months Ended
                  September 30, 2003 and 2002, and Period from
                  August 14, 1997 to September 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>
                                                                September 30, 2003 (Unaudited)           December 31, 2002 (Audited)
                                                                ------------------------------           ---------------------------
<S>                                                             <C>                                      <C>
                           ASSETS

CURRENT ASSETS
   Cash and Cash Equivalents                                             $   164,072                             $   195,762
   Accounts Receivable, Less Allowance of $152,300                           120,291                                  29,113
   Note receivable - related party, less allowance of 20,496                       -                                       -
   Inventory                                                                 554,188                                 615,786
   Prepaid Expenses                                                           89,292                                  88,660
                                                                         -----------                             -----------
         Total Current Assets                                                927,843                                 929,321
                                                                         -----------                             -----------
PROPERTY AND EQUIPMENT AT COST
   Property and Equipment                                                     57,522                                  55,774
   Leasehold Improvements                                                     14,186                                  13,499
   Accumulated Depreciation and Amortization                                 (40,417)                                (32,002)
                                                                         -----------                             -----------
         Net Property and Equipment                                           31,291                                  37,271
                                                                         -----------                             -----------
OTHER ASSETS
   Prepaid Royalties                                                         509,566                                 509,566
   Deposits                                                                    2,180                                   2,180
   Patents and Licenses (net of accumulated
     amortization of $764,784 and $673,134, respectively)                  1,754,776                               1,761,866
                                                                         -----------                             -----------
         Total Other Assets                                                2,266,522                               2,273,612
                                                                         -----------                             -----------

TOTAL ASSETS                                                             $ 3,225,656                             $ 3,240,204
                                                                         ===========                             ===========

            LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Accounts Payable                                                      $    64,090                             $    54,157
   Accrued Liabilities                                                        32,505                                  31,556
                                                                         -----------                             -----------
         Total Current Liabilities                                            96,595                                  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, 16,734,194 & 15,657,194
     shares issued and outstanding respectively                               16,734                                  15,658
   Common stock subscribed                                                   222,800                                  60,000
   Additional Paid in Capital                                              8,294,745                               7,997,721
   Deficit Accumulated in Development Stage                               (5,380,218)                             (4,893,888)
   Treasury Stock                                                            (25,000)                                (25,000)
                                                                         -----------                             -----------
         Total Stockholders' Equity                                        3,129,061                               3,154,491
                                                                         -----------                             -----------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                               $ 3,225,656                             $ 3,240,204
                                                                         ===========                             ===========
</TABLE>

                                       3

<PAGE>

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

<TABLE>
<CAPTION>
                                                          THREE MONTHS ENDED
                                                             SEPTEMBER 30              PERIOD FROM
                                                     -----------------------------      8/14/97 TO
                                                         2003             2002           09/30/03
                                                     ------------     ------------     ------------
<S>                                                  <C>              <C>              <C>
SALES                                                $    128,483     $     44,422     $    922,722

COST OF SALES                                              49,348           40,302          363,105
                                                     ------------     ------------     ------------

GROSS PROFIT                                               79,135            4,120          559,617
                                                     ------------     ------------     ------------
OPERATION EXPENSES
    Selling, general, and administrative expenses         149,309          144,441        5,024,436
    Amortization                                           40,584           40,584          805,121
    Depreciation                                            2,805            2,805           65,386
                                                     ------------     ------------     ------------
        Total operating expense                           192,698          187,830        5,894,943
                                                     ------------     ------------     ------------

NET EARNINGS (LOSS) FROM OPERATIONS                      (113,563)        (183,710)      (5,335,326)

OTHER INCOME
  Interest income                                             171              682           61,455
  Interest expense                                              -                -          (16,401)
  Royalty income                                                -            1,095            7,231
  Gain/Loss on Sale of Asset                                    -                -          (13,200)
  Miscellaneous                                                 -                -           35,617
                                                     ------------     ------------     ------------
        Total other income (expense)                          171            1,777           74,702
                                                     ------------     ------------     ------------

NET LOSS BEFORE CUMULATIVE EFFECT OF THE
CHANGE IN ACCOUNTING PRINCIPLE                           (113,392)        (181,933)      (5,260,624)
                                                     ------------     ------------     ------------

Cumulative effect on prior years of the change
in accounting principle, net of tax                             -                -         (119,594)
                                                     ------------     ------------     ------------

NET LOSS                                             $   (113,392)    $   (181,933)    $ (5,380,218)
                                                     ============     ============     ============
NET LOSS PER SHARE BEFORE CUMULATIVE
EFFECT OF THE CHANGE IN ACCOUNTING PRINCIPLE         $      (0.01)    $      (0.01)    $      (0.53)

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

NET EARNINGS (LOSS) PER SHARE                        $      (0.01)    $      (0.01)    $      (0.54)
                                                     ============     ============     ============

WEIGHTED AVERAGE SHARES                                16,732,889       14,291,580       10,018,114
</TABLE>

                                       4

<PAGE>

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

<TABLE>
<CAPTION>
                                                           Nine Months Ended
                                                              September 30
                                                     -----------------------------
                                                         2003             2002
                                                     -----------------------------
<S>                                                  <C>              <C>
SALES                                                $    216,154     $    110,759

COST OF SALES                                              97,395           58,010
                                                     ------------     ------------

GROSS PROFIT                                              118,759           52,749
                                                     ------------     ------------
OPERATION EXPENSES
     Selling, general and administrative expenses         477,415          442,640
     Amortization                                         122,290          122,021
     Depreciation                                           8,415            8,415
                                                     ------------     ------------
              Total operating expenses                    608,120          573,076
                                                     ------------     ------------

NET EARNINGS (LOSS) FROM OPERATIONS                      (489,361)        (520,327)

OTHER INCOME
  Interest income                                           1,075            2,152
  Interest expense                                              -               (7)
  Royalty income                                            1,956            6,670
  Gain/Loss on Sale of Asset                                    -                -
  Miscellaneous                                                 -                -
                                                     ------------     ------------
        Total other income (expense)                        3,031            8,815
                                                     ------------     ------------

NET LOSS                                             $   (486,330)    $   (511,512)
                                                     ============     ============

NET EARNINGS (LOSS) PER SHARE                        $      (0.03)    $      (0.04)
                                                     ============     ============

WEIGHTED AVERAGE SHARES                                16,087,597       14,272,663
</TABLE>

                                       5

<PAGE>

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

<TABLE>
<CAPTION>
                                                                Nine months ended
                                                                   September 30                  PERIOD FROM
                                                           ---------------------------       AUGUST 14, 1997 TO
                                                               2003            2002            SEPT. 30, 2003
                                                           ----------------------------------------------------
<S>                                                        <C>             <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                                    (486,330)       (511,512)          (5,380,218)
  Adjustments to reconcile net earnings (loss) to cash
  used in operating activities
    Amortization                                               122,290         122,021              805,121
    Bad debt expense                                                 -               -              185,530
    Cumulative effect of change in accounting principle              -               -              119,594
    Depreciation                                                 8,415           8,415               65,386
    Gain (loss) on sale of assets                                    -               -                2,753
    Rescission of Lady Burd asset purchase agreement                 -               -               50,000
    Common stock issued for services                             4,200               -              410,844
    Change in assets and liabilities
      Accounts receivable                                      (91,178)        (12,671)            (321,556)
      Note receivable                                                -              --
      Inventory                                                 61,598          23,135             (631,340)
      Prepaid Expenses and deposits                               (632)        (10,630)            (523,886)
      Accounts payable                                           9,933          10,867               64,090
      Accrued liabilities                                          949          13,552               32,505
                                                           -----------     -----------          -----------
          Net cash used in operating activities               (370,755)       (356,823)          (5,121,177)
                                                           -----------     -----------          -----------

CASH FLOWS FROM INVESTING ACTIVITIES
  Acquisition of property and equipment                         (2,435)        (10,513)             (86,434)
  Organization costs                                                 -               -             (129,291)
  Acquisition of licenses/patents                                    -         (25,000)            (110,000)
  Proceeds on sale of equipment                                      -               -               47,440
                                                           -----------     -----------          -----------
          Net cash used in investing activities                 (2,435)        (35,513)            (278,285)
                                                           -----------     -----------          -----------
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                                  341,500         322,000            5,758,235
                                                           -----------     -----------          -----------
          Net cash provided by financing activities            341,500         322,000            5,563,534
                                                           -----------     -----------          -----------

NET INCREASE (DECREASE) IN CASH                                (31,690)        (70,336)             164,072

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

Cash - End of Period                                           164,072         123,470              164,072
                                                           ===========     ===========          ===========
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 September 30, 2003, the statement of
operations for the three months and the nine months ended September 30, 2003,
the three months and the nine months ended September 30, 2002 and the period
from August 14, 1997 to September 30, 2003, and the statement of cash flows for
the nine months ended September 30, 2003, the nine months ended September 30,
2002 and the period from August 14, 1997 to September 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

                                       7
<PAGE>

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

         with a maturity of three months or less when purchased to be cash
         equivalents.

         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
         $1,140 and $2,191 for the third quarters of 2003 and 2002,
         respectively. Advertising and marketing costs totaled $6,680 and
         $19,001 for the nine months ended September 30, 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 $11,492 and $ 9,574 for the third quarters of 2003
         and 2002, respectively. Rent expense for all operating leases was
         $34,860 and $28,213 for the nine months ended September 30, 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 first quarter 2003, warrants issued in conjunction with the
         private placement were for 690,000 shares. During the second quarter
         2003, 432,000 warrants were exercised. During the third quarter 2003,
         59,000 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 an equivalent (approximately 7 percent) on all other
         product categories using the fire suppressant technology. 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

                                       10
<PAGE>

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

         $509,566 as of both December 31, 2002 and September 30, 2003.

7.       CONCENTRATIONS

         Approximately 68 percent of the sales in the third quarter of 2003 were
         made to two customers and 24 percent of the sales in the third quarter
         of 2002 were made to a single customer.

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.
         Currently a licensing agreement is being worked out with individuals in
         Mexico. The company has acquired the services of an international
         marketing representative, Advanced BioNomics, for the purpose of
         negotiating international agreements.

         On February 6, 2002, Summit executed a Distribution Agreement with
         614575 Alberta Limited ("614575") 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 - THIRD QUARTER OF 2003 COMPARED TO THIRD QUARTER
         OF 2002

         Summit Environmental's sales for Q3 2003 were 289.2 percent of Q3 2002
sales - $128,483 in Q3 2003 compared to $44,422 in Q3 2002. Gross margin was
61.6 percent for Q3 2003 compared to 9.3 percent for Q3 2002. Sales have not
reached a level to generate consistent gross margin percentages.

         Operating expenses increased 2.6 percent during Q3 2003 over Q3 2002.
Operating expenses increased by $4,868 from $187,830 in Q3 2002 to $192,698 in
Q3 2003.

         Amortization and depreciation were $43,389 in Q3 2003 and in Q3 2002.

         Summit had a net loss from operations of $113,563 for Q3 2003, down
from a net loss of $183,710 for Q3 2002, a $70,147 or a 38 percent decrease.

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

         Sales from operations were $216,154 for the first three quarters of
2003 compared to sales of $110,759 for the first three quarters of 2002, a 95
percent increase. Gross margin on these sales was 54.9 percent in the first
three quarters of 2003 and 47.6 percent in the first three quarters of 2002.

         Operating expenses were up to $608,120 for the first three quarters of
2003 compared to $573,076 for the first three quarters of 2002, an increase of
$35,044 or 6.1 percent.

         We experienced a net loss of $486,330 in the first three quarters of
2003, down 4.9 percent from the $511,512 loss of the first two quarters of 2002.
The loss per share of common stock was $0.03 for the first three quarters of
2003 versus $0.04 for the same period of 2002.

         Some balance sheet items that reflect significant changes from December
31, 2002 to September 30, 2003 are: cash, down to $164,072 from $195,762;
accounts receivable, up to $120,291 from $29,113; inventory, down to $554,188
from $615,786; and accounts payable, up to $64,090 from $54,157.

         The net loss of $486,330 in the first three quarters of 2003 was
financed in part by $341,500 in proceeds of sale of shares of common stock and
partly from $130,705 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. 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 executed a distribution agreement with Western Fire, Inc. of Casa
Grande, Arizona, for the purpose of selling FlameOut(R) to forestry and wild
land customers throughout the United States. Western specializes in supplying
fire fighting foam with the latest technology to various consumer, commercial,
industrial, and governmental agencies throughout the United States. Currently we
are involved with Western Fire in providing FlameOut(R) for application testing
in a new water bomber built by Evergreen International Aviation.

         Western Fire has a former Tucson, Arizona fire chief, Mr. Tom Malloy,
marketing FlameOut(R) to their customers. Tom Malloy and Western Fire founders,
Jim and Bob Krempasky, will be conducting demonstrations with FlameOut(R) for
nine different governmental agencies on November 15, 2003, in the Mesa Verde
(southwest) section of Colorado.

         Just-In Case Fire in Alberta, Canada, continues to sell their
trademarked Fire Caddy(TM) for fire fighting purposes. Fire Caddy(TM)s are
manufactured exclusively with FlameOut(R). In November 2003, Summit and Just-In
Case Fire began introducing a new 12-volt portable pump system exclusively with
FlameOut(R) along with the new Hose Caddy(TM). Just-In Case made many large
presentations of FlameOut(R) for bulk sales to many potential customers in
Canada during the fires in Alberta and British Columbia during July, August and
September 2003. Just-In Case Fire has two former fire chiefs of the Calgary Fire
Department heading up their marketing effort along with company President, Mark
Hayes. Contract bids are being prepared for FlameOut(R) in the range of 10,000
to 40,000 gallon orders per contract.

         During the California Wild Fires of October 2003, FlameOut(R) received
its first exposure. FlameOut(R) was requested on the fire lines by Team leaders
from the Cache's, used on Type Three Incident Response Vehicles and by Fire
Caddy(TM)s using FlameOut(R) to protect structures from burning. Once outside
help was allowed in the state by California administrative officials, every Fire
Caddy(TM) delivered to California, approximately 35, were sold to individual
homeowners in order to spray down their property and prevent them from burning
in the future. Additional orders have been received and will be filled during
November and December 2003. Summit has distributed the Fire Caddy(TM) Systems to
the logging industry, individual customers, and internationally to New Zealand,
Norway, Belize and Chile.

         Our vision continues to be marketing our products through strategic
alliances. By year end 2002, 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.

                                       13
<PAGE>

         We are considering establishing strategically-positioned blending
facilities for FlameOut(R) in other parts of the world. This will save our
distributors and customers substantial costs by reducing their freight for the
finished product they receive. Currently we ship ready-to-use FlameOut(R) which
is then mixed with any type of water (fresh or sea) at a 1% to 6% concentration
for a series of fire-fighting apparatus . We will now sell to the blending
facilities a concentrated version of FlameOut(R). The blending facilities will
produce FlameOut(R) Fire Suppressant and pay us royalties on each gallon
manufactured. Summit will share in the profits from these sales as a joint
venture partner for each facility. Our initial project began in Brazil. After
the recent recovery of the Brazilian monetary system, we have begun to start
where we were forced to leave off when the financial crisis in Brazil began
three years ago. In October 2003, we re-established Summit Environmental Europe
B.V. The European Partnership will see the blending of FlameOut(R) for the first
time at some location other than in the United States. The first order of
product was shipped the first week of November 2003 to Amsterdam. Summit's new
partners in the B.V. are experienced in both chemistry and fire-fighting
chemicals sales. Summit's business in the B.V. will include our Ultimate Clean
Chemicals in addition to FlameOut(R).

         We began shipping Fire Caddy(TM)s and FlameOut(R) to our new partner,
Fabrigas Limited in Belize, the first week of October 2003. Fabrigas sells fire
suppression equipment through Central America. One sale of the Fire Caddy(TM)
was to resorts owned by Francis Ford Copola.

         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 to be elevated later 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. An
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

                                       14
<PAGE>

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 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 to 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

                                       15

<PAGE>

new marketing venue. We are currently producing new labels which include all the
new approvals. We are completing the final stages for retail orders for sales in
Chile of FirePower Liquido 911 and an order for the Cabineros (federal police).

         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 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 expected during the
fourth quarter 2003.

         In 2000, we were notified by QVC, a direct home product television
sales channel, that FIREPOWER 911(TM) would be part of its programming in 2001.
QVC next 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
anticipated this occurrence 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 would have contained language
which would 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

                                       16

<PAGE>

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 was scheduled for September or earlier if we had
been able to 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 terrorist 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. Another change in the FirePower(TM) production is the
changing of the propellant gas from 134A gas to Nitrogen. This change requires a
new crib fire test approval from Applied Research Laboratories. Our current
delivery date at QVC is December 5, 2003. Should production not be completed, it
will be the first quarter of 2004 before we go on the air. We have been
contacted by a second home shopping channel company for the purpose of
purchasing a private label aerosol can fire extinguisher like FirePower(TM). We
are currently completing the Quality Assurance process with this company.

         Our strategic alliance partner, International Aero, Inc., is one of the
world's largest reconfiguration companies 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 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. A biodegradation technology was obtained from BioGenesis
in the first quarter of 2003 and 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. Our new FLAMEOUT(R)
FOAM was used in the port city of Gdansk in Poland during May 2003. FLAMEOUT(R)
FOAM was introduced at a refinery where a storage

                                       17

<PAGE>
tank containing ethyl gasoline exploded and became a very large and lengthy
fire. FLAMEOUT(R) was used first to cool down the fire and then FLAMEOUT(R) FOAM
was used secondly in order to lay a foam blanket down on the burning fuel. Since
this successful application of the FLAMEOUT(R) and FLAMEOUT(R) FOAM, we have
sent two orders to this customer in Poland. 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 begun a project with Evergreen International Aviation. This
project involves the use of FlameOut(R) in a new water bomber project for forest
fire applications. Evergreen is one of the largest companies worldwide that
services contracts for the aerial application of fire suppressants for
wildfires. More about this project will be released as we are allowed to release
more information.

         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 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."

                                       18

<PAGE>

Application was formally requested by the United States Navy, and we and
International Aero promptly submitted our application. Our physical testing
request has been accepted at Pax River. The major obstacle to approval 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 to have a newly blended adaptation to the
original 668 formulation, which BioGenesis feels will solve the problems we have
experienced with sodium and potassium requirements. In August 2003, we
resubmitted a refined 668 formulation to the lab for resumption of the test
protocols at that time. A second formulation has been formulated for submission
in December 2003.

         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. The Brazilian customer is submitting application through GTM for the Ex-Im
Bank program.

         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. Television two-minute infomercials began in
November 2003 in Chile. The presentation centers around actual fire suppression
applications of fire using the product FirePower Liquido 911. This current order
which is being packaged will bear the endorsements of the Cabineros, the Junta
de Nacional and IDIEM.

         During 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 provides promotional material and videos/CD's to their
field agents that call 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 that 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

                                       19

<PAGE>

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.

         FlameOut(R) was featured at the Texas Loggers Council State meeting in
Lufkin, Texas on August 22-23, 2003. Representatives from Bituminous spoke on
the benefits of FlameOut(R). We were present and performed demonstrations of
extinguishing tires, fuel, and pallet fires. Keith Parker was the guest speaker
at the Texas Loggers Council quarterly meeting on November 8, 2003. Presented at
the meeting to the logging community was the new 12-volt Fire Caddy System. Fire
Caddy(TM) products are manufactured exclusively with FlameOut(R) as the fire
suppressing agent. Also introduced was the new Hose Caddy(TM) which connects to
a garden hose.

         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. Recent news articles have informed buyers that many of
these products for big name manufacturers contain lead. Our Pretty Pout(TM)
(formerly Luscious Lips) formulation does not contain lead or any other harmful
chemicals. It 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. 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.

                                       20
<PAGE>

         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%. A 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 trade name for Pannache Luscious
Lips has been changed to Pannache Pretty Pout(TM) Lip Collection. We are
required to conduct certain microbiological and dermatological assays. These
tests take six to eight weeks to complete. We can, after the completion of these
tests, complete the Quality Assurance 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 were to be introduced on QVC. Pretty Pout(TM) is in
the final stages of Quality Assurance at QVC, and we received the first purchase
order on July 29, 2003. Programming for Pretty Pout(TM) was scheduled for
September 2003. However, in October 2003, after continued pressure by QVC to
price Pretty Pout(TM) in the pricing schematic as other products representing
that they are long-wear products, we decided that we could not discount Pretty
Pout(TM) to be in the range desired by QVC. We have the endorsement of the
Kilgore College Rangerettes and several high school drill teams in Texas with
All-American Drill Team credentials. They are established customers and
satisfied with the

                                       21
<PAGE>

pricing provided to them. Therefore, management recommended to QVC that we
cancel this product program and proceed to the next. The Sunless Tanning
package, which will also contain a body exfoliator and a specially designed
loofah sponge, is scheduled for January 2004, and we have just introduced the
Pannache Pampering Pail to QVC. These product packages, along with others, can
be viewed on the new Pannache website, www.pannache.com.

         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.

         We continue 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 endorsements by other
state fire marshals' offices we sought began to be implemented.

         The formula for FIREPOWER 911(TM) is FLAMEOUT(R), and 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
FIREPOWER 911(TM) satisfies 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 permanently 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 completed the application process on behalf of our company, meeting
the California Non-Halon requirements.

                                       22
<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) to the 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 that 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 that 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 that we sought 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). 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 Week 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).

                                       23
<PAGE>

         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 had an
original timetable of 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. 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 2004 fire season. The Forestry Service informed us of
our 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
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.

         FlameOut(R) was shipped to Arizona the week the fires began near Tucson
in June 2003. We executed a distributorship agreement with Western Fire Inc.
Western Fire will sell FlameOut(R) to wild land fire fighting agencies and
forestry services. Western performs fire foam application classes for fire
fighters, offering certifications upon completion. Currently we are working with
Western's customer Evergreen International Aviation. Evergreen has selected
FlameOut(R) as the product in the development of a new type water bomber for
fighting wild land and forest fires. 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 Quality Products Listing, is
the only non-toxic product approved.

         On October 30, 2003, Western Fire's fire fighting service and trucks
received orders from the United States Forestry Service to go into Southern
California to start with the massive fire fighting efforts. The Western trucks,
equipped with FlameOut(R), were dispatched to the Old Fire in Southern
California. Reports from the line were immediate and the ground crews were
impressed with the performance of FlameOut(R). Western Fire conducted a wildfire
training meeting and demonstrations on November 15, 2003, in the Mesa Verde
Region of Southwest Colorado for fourteen fire departments and fire fighting
teams. These demonstrations are very timely due to the recently re-enactment in
Washington D.C. for the Healthy Forest Initiative. We have made several
presentations to Senators and Congressional Representatives about having
FlameOut(R) on location when the pre-burns or central burns are conducted.

                                       24
<PAGE>

         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. In October 2003, we formalized an agreement to start blending
FlameOut(R) and canning FirePower(TM) in the Netherlands for sales throughout
Europe.

         During meetings held during October 2003, we have reopened this venue
in order to service Europe more efficiently. Our previous European corporation,
Summit Environmental Europe B.V. will become the new blending facility entity
for producing, packaging, and shipping FlameOut(R) to our European customers.
This will provide substantial savings to our customers by the reduction of
freight charges from current and previous sales. We will ship concentrated
ingredients to a facility which will blend the chemical, FlameOut(R) into its
marketable version. For Summit, there will be ingredient sales to the blending
facility, a royalty due Summit on each gallon produced and we will own 25% of
the European operation.

         During the week of October 27, 2003, we shipped another order of
FlameOut to the port city of Gdansk in Poland. This port city which is a large
refinery port is the location of a refinery storage tank fire which FlameOut(R)
was instrumental in extinguishing earlier in the year.

         Currently we are undergoing ICAO and IMO test certifications in Poland.
These are international maritime certifications which when completed, will
certify FlameOut(R) for use on ocean going vessels.

         We have met with representatives from South Korea for the purpose of
finding a blending manufacturing/distribution partner for Southeast Asia. The
final stages have been completed for a European blending facility. The first
order for the European facility was received October 31, 2003. We will also be
shipping concentrate for environmental chemicals for blending in Europe from our
Ultimate Clean line of environmentally friendly chemicals.

         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. Also, being able to
purchase base chemicals locally will save some on their cost of goods. This will
make FLAMEOUT(R) more cost competitive in the regions. The location of the
facility will be located more centrally in Europe as reported previously.

                                       25
<PAGE>

         A company, Just-In Case Fire Ltd., manufacturing a home fire
extinguishing unit in Canada, selected 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 were 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.

         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 was shipped in August 2003 and subsequent orders went in September and
October.

         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. A new 12-volt portable Fire Caddy(TM) system will be
introduced in November 2003. The first demonstration of this new product
occurred when Summit CEO, Keith Parker, was the guest speaker at the Texas
Loggers Council State Meeting. This is a product that has been anticipated by
the insurance companies endorsing FlameOut(R) for the logging industry.

         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.

                                       26
<PAGE>

         Our development of ULTIMATE ABSORB 1103(TM) 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 cosmetic products and
to control our formulations through non-disclosure agreements. Our line now
includes over 100 products. We currently have dealers in California, Arkansas,
Texas, Alabama, Georgia , Florida, and Belize. We are also selling our cosmetics
through bridal shows and pageant competitions.

         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 when final agreements are signed.

         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.

                                       27
<PAGE>

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.

                          PART II - OTHER INFORMATION

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:

<TABLE>
<S>           <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.***
</TABLE>

                                       28
<PAGE>

<TABLE>
<S>            <C>
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.



(b)      FORMS 8-K

         None

                                   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: November 19, 2003             Summit Environmental Corporation, Inc.

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

                                       29

<PAGE>

                     SUMMIT ENVIRONMENTAL CORPORATION, INC.
                          Commission File No. 333-48659

                                  EXHIBIT INDEX

                                   FORM 10-QSB
                FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2003

<TABLE>
<CAPTION>
Exhibit No.                             Description
-----------                             -----------
<S>            <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>

<PAGE>

*        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.