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 March 31, 2004

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

         Commission File Number 0-23957
         CIK 0001058549

                                                MEDITECNIC, INC.
                        (Exact Name of Registrant as specified in its Charter)


            Delaware                                                87-0430532
(State or other Jurisdiction of                         I.R.S. Employer Identi-
Incorporation or Organization                                     fication No.)

14 Quai du Seujet, Geneva, Switzerland 				    CH-1201
(Address of Principal Executive Offices)                           (Zip Code)

                                                 (949) 489-2400
                           (Registrant's Telephone Number, including Area Code)



         Indicate by check mark whether the Registrant (i) has filed all reports
required to be filed by Section 13, or 15(d) of the  Securities  Exchange Act of
1934  during  the  preceding  12 months  (of for such  shorter  period  that the
Registrant  was required to file such reports) and (ii) has been subject to such
filing requirements for the past 90 days.

                                          Yes    X           No

         Indicate  the  number of  shares  outstanding  of each of the  issuer's
classes of Common Stock, as of the latest practicable date.

Common Stock, $.001 par value                                  7,527,485
----------------------------------                       --------------------
Title of Class                                  Number of Shares outstanding
                                                      at March 31, 2004
No exhibits included.



                        MEDITECNIC


                                    PART F/S

                          Index to Financial Statements

1ST QUARTER ENDING MARCH 31, 2004 FOR SEC 10Q FILINGS

Unaudited Financial Statements for 3 months ended March 31, 2004:

   Independent Auditor's Report not required               Page 2

    Balance Sheets at 3/31/2004 and 12/31/2003             Page 3

    Statements of Operations for 3 months 3/31/2004        Pages 4/5

    Statements of Cash Flows for 3 months 3/31/2004        Page 6

    Statement of Stockholders' Equity through 3/31/2004    Page 7

    Notes to the Financial Statements                      Pages 8/9/10




The Board of Directors
MEDITECNIC, Geneva, Switzerland


INDEPENDENT AUDITOR S

NOTE:

INDEPENDENT AUDITOR'S REPORT  NOT REQUIRED  FOR INTERIM
(QUARTERLY) PERIODS ENDING MARCH 31, 2004; JUNE 30, 2004,
and, SEPTEMBER 30, 2004.




                     MEDITECNIC BALANCE SHEET

                                   AUDITED             UNAUDITED
                                   December 31,          March 31,
              ASSETS                   2003                 2004

CURRENT ASSETS:
 Cash and Equivalents              $   81,578            $   50,065
 Accounts Receivable (NOTE 2)           7,594             <   3,886>
 Inventories (NOTE 3)                 103,365               103,365
 Deferred/Unearned Income (NOTE 4)     25,438                   -0-
 Investments (NOTE 5)                  25,240                25,240
                                    ---------             ---------
   Total current assets            $  243,215            $  174,784
FIXED ASSETS: (NOTE 6)              ---------             ---------
 Capitalized/Acquisition Costs     $  195,775            $  195,776
  Less Accumulated Depreciation     < 131,196>           $< 134,962>
                                    ---------             ---------
   Net Fixed Assets                $   64,579            $   60,814
INTANTIBLE ASSETS (NOTE 7)          ---------             ---------
 Capitalized Research/Development  $  587,819            $  587,819
  Less Accumulated Amortization     < 454,888>            < 470,913>
                                    ---------             ---------
   Net Intangible Assets           $  132,931            $  116,906
                                    ---------             ---------
TOTAL ASSETS                       $  440,725            $  352,504
                                    =========            ==========
LIABILITIES & SHAREHOLDERS  EQUITY
CURRENT LIABILITIES:
 Notes and Accounts Payable
  Trade (NOTE 8)                   $   89,671            $   46,452
  Other                                 1,051                   -0-
 Stockholder Current Account(NOTE 9)      -0-                   -0-
 Prepaid Accrued Liabilities(NOTE10)   18,447                   -0-
                                    ---------             ---------
   Total current liabilities       $  109,169            $   46,452
LONG TERM LIABILITIES: (NOTE 11)    ---------             ---------
 Postponed Stockholder s Loans     $2,512,967            $2,657,909
                                    ---------             ---------
TOTAL LIABILITIES                  $2,622,136            $2,704,361
SHAREHOLDERS  EQUITY (NOTE 1)       ---------             ---------
Common Stock par value/$.001; Number
  Shares Authorized 50,000,000;
  Shares Outstanding 7,527,485         68,493                68,493
 Translation Gain/<Loss> (NOTE 12) <  296,437>           <  296,437>
 Retained earnings<Accum deficit>  <1,953,467>           <2,123,913>
                                    ---------             ---------
TOTAL SHAREHOLDERS  EQUITY        $<2,181,411>          $<2,351,857>
                                    ---------             ---------
TOTAL LIABILITIES & EQUITY        $   440,725            $  352,504
                                    =========             =========

The accompanying notes are an integral part of these financial
 statements.



	                        MEDITECNIC
                        STATEMENT OF OPERATIONS
         For the Three Months and Year To Date March 31, 2004

		                Three Months    Yr To Date    Total Yr
                              Mar. 31, 2004 Mar. 31, 2004 Dec. 31, 2003

REVENUES:
 Sales of Products               $   -0-      $    -0-  $      -0-
 Investment Income                   -0-           -0-      31,333
 Other Income                         51            51      10,664
                                  ------       -------     -------
  TOTAL REVENUES                 $    51      $     51  $   41,997
                                  ------       -------     -------
OPERATING EXPENSES:
 Selling Expenses                $ 3,764      $  3,764  $      -0-

 Salaries                         41,384        41,384     237,003

 Social Security Contributions    37,149        37,149      33,970

 Interest Expenses/Bank Charges      463           463       2,408
 Loss/<Gain> Exchange Rates          -0-           -0-       6,211
 Travel Expenses                   6,660         6,660      31,368
 Trade Exhibition Shows Expense      -0-           -0-      10,276
 Representation Fees                 -0-           -0-      18,576
 Vehicle Expense                   1,704         1,704       3,017
 Rent Expense                     30,441        30,441      99,637
 Maintenance and Repairs             -0-           -0-         463
 Office Supplies                   1,110         1,110       7,119
 Telecommunication Expense           677           677       1,354
 Postage and Mailing Expenses        301           301         827
 Advertising                         521           521       6,313
 Insurance Expense                 4,507         4,507       2,931
 Fees                             10,092        10,092      74,271
 Taxes                            11,933        11,933       2,235
 Depreciate/Amortize Expense      19,792        19,792     144,577
 Misc. Expenses/Rounding               1             1         -0-
                                 -------       -------     -------
   TOTAL OPERATING EXPENSES     $170,499     $ 170,499  $  683,006
                                 -------       -------     -------
OPERATING PROFIT <LOSS>        $<170,448>    $<170,448> $ <641,009>
OTHER INCOME <EXPENSES> -            -0-           -0-         -0-
  Rounding differences                 2             2    <      1>
                                 -------       -------     -------
NET INCOME <LOSS>              $<170,446>    $<170,446> $ <641,010>
                                ========       =======     =======


                               March 31,     Yr To Date    Total Yr
                               3 Months       March 31,  December 31
                                  2004          2004         2003

NET INCOME <LOSS> (Prior Page) $<170,446>   $<170,446>   $<641,010>
                                ========     ========      =======
Per share information:

Basic Income/<Loss>
 Per common share              $<0.0226>    $<0.0226>     $<0.0852>
                                 ------       ------        ------
Basic weighted average number
 Common Stk. shares outstanding 7,527,485   7,527,485     7,527,485
                                =========   =========     =========

Diluted Income <Loss) (A)
 Per common share               $<0.0226>   $<0.0226>     $<0.0852>
                                  ------      ------        ------

Diluted weighted average number
 Common Stk. shares outstanding 7,527,485   7,527,485     7,527,485
                                =========   =========     =========

(A) There are no stock options cumulative to periods ending
      March 31, 2004 and December 31, 2003.




The accompanying notes are an integral part of these financial
statements




                              MEDITECNIC
       STATEMENT OF CASH FLOWS 3 MONTHS/YEAR TO DATE MARCH 31, 2004

                             Three Months  Yr To Date     Total Yr
                              Mar. 31, 2004 Mar. 31, 2004 Dec. 31, 2003
CASH FLOWS FROM OPERATIONS:
  Income <Loss> From Operations$<170,446>    $<170,446>    $<641,010>
TRANSACTION NOT REQUIRING CASH:  -------       -------       -------
 Depreciate Fixed Asset(NOTE 6)$   3,766     $   3,766     $  24,385
 Amortize Capital R-D(NOTE 6)     16,025        16,025       120,192
Total Transactions Not           -------       -------       -------
 Requiring Cash                $  19,791     $  19,791     $ 144,577
                                 -------       -------       -------
CASH PROVIDE<USE> ON CHANGES:
 Current Asset Decr.<Incr.>;
 Current Liability Incr.<Decr.>
  Notes Receivable-Trade       $  11,480     $  11,480     $ 219,856
  Notes Receivable-Other             -0-           -0-         8,805
  Inventories                        -0-           -0-      < 33,822>
  Unearned Income                 25,438        25,438           202
  Notes/Accounts Payable-Trade  < 43,219>     < 43,219>       65,828
  Notes/Accounts Payable-Other  <  1,051>     <  1,051>        1,051
  Accrued Liabilities/Prepaids  < 18,447>     < 18,447>        6,598
Total Changes Current Assets     -------       -------       -------
 And Current Liabilities       $< 25,799>    $< 25,799>    $ 268,518
                                 -------       -------       -------
    Sub Total                  $<  6,008>    $<  6,008>    $ 413,095
                                 -------       -------       -------
CASH PROVIDE<USE>BY OPERATIONS $<176,454>    $<176,454>    $<227,915>
                                 -------       -------       -------
CASH PROVIDE<USE> ON CHANGES:
 Other Asset Decr.<Incr.>;
 Other Liability Incr.<Decr.>
  Acquire new Vehicle          $     -0-     $     -0-     $< 16,979>
  Acquire Office Furniture           -0-           -0-           -0-
  New Capital R-D(NOTE 7)            -0-           -0-      < 36,514>
  Misc. Other Asset/Liab.-
   Investment/Life Ins.Refund        -0-           -0-        13,261
   Incr. Guarantee Deposits          -0-           -0-      <  2,404>
                                 -------       -------       -------
    Sub Total                  $     -0-     $     -0-     $< 42,636>
  Shareholder Liab. Incr<Decr>
   Current Liab. Account             -0-           -0-      < 87,744>
   Long Term Debt Liab.A/C       144,942       144,942       429,634
CASH PROVIDE<USE> ON CHANGES:    -------       -------       -------
 OTHER ASSETS/LIABILILITIES    $ 144,942     $ 144,942     $ 299,254
Rounding differences            <      1>     <    -01>          -0-
NET CASH INCREASE <DECREASE>   $< 31,513>    $< 31,513>    $  71,339
Cash Beginning of period          81,578        81,578        10,239
                                 -------       -------       -------
Cash End of period             $  50,065     $  50,065     $  81,578
                                 =======       =======       =======

The accompanying notes are an integral part of these financial
  statements.



MEDITECNIC
Statement Stockholders' Equity
Period Ended March 31, 2004
     UNAUDITED YEARS 1998 THRU 2001; AUDITED YEARS 2003 AND 2002



                                          TRANSLATION ACCUMULATED
                PREF STOCK  COMMON   STOCK  <LOSSES>   EARNINGS
                 SHS $AMT   SHARES   $ AMT   GAINS $  $ (LOSSES)
                ----  ----  ------ -------  --------   ----------

UNAUDITED:
CUM INCEPTION
ACTIVITY Apr 18/98     $               $        $           $
Thru 12/31/2001   -0- -0- 7,527,485 68,493 <  9,604>  <  682,292>
<Deficit $623,403>-----------------------------------------------

AUDITED:
YR 2002 <LOSS>                             <127,432>  <  630,165>
                 ------------------------------------------------
BAL 12/31/2002   -0-  -0- 7,527,485 68,493 <137,036>  <1,312,457>
<Deficit$1,381,000>----------------------------------------------

AUDITED:
YR 2003 <LOSS>                             <159,401>  <  641,010>
                 ------------------------------------------------
BAL 12/2003      -0-  -0- 7,527,485 68,493 <296,437>  <1,953,467>
<Deficit$2,181,411>
UNAUDITED
Activity 3 MONTHS
 Ended 3/31/2004                                      <  170,446>
                 ------------------------------------------------
BAL 3/31/2004    -0-  -0- 7,527,485 68,493 <296,437>  <2,123,913>
<Deficit$2,351,857>----------------------------------------------


These accompanying notes are an integral part of these financial
statements.



                      MEDITECNIC
            Notes to Financial Statements
    For The Three Months Ended March 31, 2004

GENERAL:

The condensed consolidated financial statements of MEDITECNIC have
been prepared in accordance with the regulations of the Securities
and Exchange Commission.  Although certain information normally
included in financial statements prepared in accordance with
generally accepted accounting principles has been condensed or
omitted, MEDITECNIC management believes that the disclosures are
adequate to make the information presented not misleading.  The
condensed unaudited financial statements for the three month period
ended March 31, 2004 should be read in conjunction with the
financial statements and notes contained in the audited year end
financial statements for the twelve months ended December 31, 2003.
The condensed consolidated financial statements included herein
reflect all normal recurring adjustments that, in the opinion of
management are necessary for fair presentation.

The Company commenced operations in the year 1997.

NOTE 1-ORGANIZATION AND BUSINESS PLAN:

MEDITECNIC SA was organized and incorporated in April, 1997, in
the Country of Switzerland, under the name of MEDITECNIC SA.
MEDITECNIC SA was incorporated for the purpose of Medical
research and Industrial trade of products in the medical and
industrial domain, including recording and trading of patents;
purchasing of stock equity and management of companies related
to their area of expertise, excluding real assets in the Country
of Switzerland.

The Company s articles initially authorized 10,000,000 shares of
Preferred Stock and 50,000,000 shares of Common Stock, both at a
$.001 par value per share.

As of the date of these financial statements (March 31, 2004 and
2003), there were no shares of Preferred Stock issued or
outstanding.

As of the date of these financial statements, there are
7,527,485 Shares of Common Stock, issued and outstanding, with
a total current book value of $68,493 capitalized value.

NOTE 2-ACCOUNTS RECEIVABLE:

As of March 31, 2004, total Receivables were <$3,386> for VAT
(Value Added Tax) charged to customers at time of shipment.

As of December 31, 2003, total Receivables were $7,594, consisting
of Customer Trade Receivables and VAT (Value Added Tax) charged to
customers at time of shipment.

There are no provisions made for Uncollectible Accounts for the
periods covered in these financial statements.  All amounts are
based on actual costs incurred.


NOTE 3-INVENTORIES:

As of March 31, 2004, total Inventories for Raw Materials, Work
In Progress and Finished Goods for resale to customers amounted
to $103,365.  Included in this amount is a machine suitable for
resale to a customer that was rebuilt and placed in inventory
at actual costs incurred.

As of December 31, 2003, total Inventories for the same
categories as stated for the period March 31, 2004, were $103,365.

There are no provisions for Write-off of Obsolete or Excess
Inventories for either periods covered in these financial
statements.  All amounts are based on actual costs incurred,
both for purchased items and the costs to manufacture items for
sales to Customers.

NOTE 4-DEFERRED/UNEARNED INCOME:

As of March 31, 2004, there was $-0- balance for these items.

As of December 31, 2003, there was $25,438 for these items.
This account is used to collect the adjustment of charges
on the current period for prepaid charges made to customers.

NOTE 5-INVESTMENTS (OTHER):

As of March 31,2004, there was $25,240 for these items.

As of December 31, 2003, the balance is this account was $25,240 for
Deposits of Guarantee and Life Insurance Refund for cancellation of
Coverage.

NOTE 6 FIXED ASSETS:
The Company s fixed assets consists of the following types/classes
of equipment which are recorded at actual acquisition costs:

           LIFE   AS OF DEC. 31, 2003          AS OF MAR. 31, 2004
ASSET TYPE  YR ORIGINAL COST  ACCUM DEPREC ORIGINAL COST  ACCUM DEPREC


Vehicles     5    $ 16,979      $<  2,315>     $           $
OfficeEquipt 8      22,199       < 11,943>
Machinery    5      69,986       < 69,985>
DateProcEqpt 5      25,689       < 19,364>
             =     -------        -------       -------      -------
 TOTALS           $195,775      $<131,196>     $195,775    $<134,962>
                   =======        =======       =======      =======

Assets are depreciated on a 5 to 8 year useful life basis,
calculated on a declining depreciation method based on the Asset
Net Book Value. All Fixed Assets are revalued every year,
from their Net Book Value in Swiss francs/CHF to US$.


NOTE 7-INTANGIBLE ASSETS/CAPITALIZED RESEARCH AND DEVELOPMENT:

Research and Development Costs are capitalized based on actual
costs incurred.  Amortization is calculated on the Net Book
Value of the Research and Development item/project, and an
amortization rate of 33% (percent) per year.  The balances
in these account for the periods ending March 31, 2004 and
fiscal year ended December 31, 2003 are as follows:


                                    As of 12/31/03  As of 3/31/04
Capitalized Research Development      $ 587,819       $ 587,819
Less Accumulated Amortization          <454,888>       <470,913>
                                        -------         -------
 NET REMAINING BALANCES               $ 132,931       $ 116,906
                                        =======         =======

NOTE 8-TRADE NOTES AND ACCOUNTS PAYABLE:

These accounts represent the actual costs of amounts due to Vendors
and Suppliers for goods and services received.  The amounts due at
March 31, 2004 $46,452 and $89,971 at December 31, 2003.

NOTE 9-STOCKHOLDER CURRENT LIABILITY ACCOUNT:

This account collects current costs of Stockholders  Advances and
amounted to $-0- at March 31, 2004, unchanged from the December
31, 2003 period.

NOTE 10-PREPAID ACCRUED LIABILITIES:

These costs represent adjustment of charges for the period.
The totals of this account at March 31, 2004 were $-0-.
The December 31, 2003 period reflected a $18,447 balance.

NOTE 11-LONG TERM LIABILITIES/POSTPONED STOCKHOLDER S LOANS:

The balances in this account as of March 31, 2004 were
$2,657,909, as compared to the December 31, 2003 balances of
$2,512,967.

These accounts consists of amounts due stockholders, on
which payments have been postponed. As of the date of
these financial statements, Management at MEDITECNIC is
of the opinion that these amounts can be considered as a
loss; only a return to a positive Stockholders  Equity
could liberate the postponed amounts.






                                            PART II.  OTHER INFORMATION

Item 1.  LEGAL PROCEEDINGS  -  None

Item 2.  CHANGES IN SECURITIES - None

Item 3.  DEFAULTS UPON SENIOR SECURITIES - None

Item 4.  SUBMISSION OF MATTER TO A VOTE OF SECURITY HOLDERS - None

Item 5.  OTHER INFORMATION - None

Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

         Exhibits--None

         Reports on Form 8-K--None.




                                                    SIGNATURES

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


                                                              MEDITECNIC, INC.



Date:     Jan. 3, 2005                                   By:
                                                            Luc Badel
                                                       	    President
                                                  (chief financial officer and
                                                   accounting officer and duly
                                                             authorized officer)


                           CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350
                             AS ADOPTED PURSUANT TO
                 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Meditecnic, Inc. (the
"Company") on Form 10-QSB for the period ended March 31, 2004 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), each of
the undersigned, in the capacities and on the dates indicated below, hereby
certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906
of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material
respects, the financial condition and results of operation of the Company.

By: /s/ Luc Badel	                       Date Jan 3, 2005
    ------------------------                       ------------
    Luc Badel
    Chief Executive Officer
    Chief Financial Officer







                                 CERTIFICATION
                            PURSUANT TO SECTION 302

I, Luc Badel, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Meditecnic, Inc.

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the
period in which this quarterly report is being prepared;

     b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

     c) presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our evaluation
as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

     a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

     b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls; and

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: Jan 3, 2004	                       By: /s/ Luc Badel
                                                 -------------------
                                                 Chief Executive Officer
                                                 Chief Financial Officer