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, 1998.

  [ ]  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: 0-5367
                         D-LANZ DEVELOPMENT GROUP, INC.
              (Exact name of registrant as specified in its charter


Delaware                                             11-1717709
(State of otherjurisdiction of (I.R.S. Employer
incorporation or organization Identification No.)
                  400 Grove Street Glen Rock, New Jersey 07452
                     Address of principal executive offices)


                                 201- 445-8862
              (Registrant's telephone number, including area code)


Former name, former address and former fiscal year, if changed since last report

        Indicate  by check  mark,  whether  the  registrant::  (1) has filed all
reports  required to be filed by Section 13 or 15(d) of the Exchange Act of 1934
during the preceding 12 months (or for such shorter  period that the  registrant
was  required  to file such  reports),  and (2) has been  subject to such filing
requirements for the past 90 days.

        Yes        No

        The Company had 11,625,000 shares of common stock outstanding


<PAGE>



                                     PART I
                              FINANCIAL INFORMATION

        Item 1. Financial Statements

     The condensed financial statements for the periods ended September 30, 1998
included  herein have been  prepared by D-Lanz  Development  Group,  Inc.,  (the
"Company")  without  audit,  pursuant  to  the  rules  and  regulations  of  the
Securities  and  Exchange  Commission  (the  "Commission").  In the  opinion  of
management,  the statements include all adjustments  necessary to present fairly
the financial  position of the Company as of September 30, 1998, and the results
of operations and cash flows for the nine month periods ended September 30, 1997
and 1998.

      The Company's results of operations during the six months of the Company's
fiscal year are not necessarily indicative of the results to be expected for the
full fiscal year.

     The  financial  statements  included  in  this  report  should  be  read in
conjunction  with the  financial  statements  and notes thereto in the Company's
Annual  Report on Form 10-KSB for the fiscal  years ended  December 31, 1996 and
1997.

<PAGE>
<TABLE>
<CAPTION>


                         D-LANZ DEVELOPMENT GROUP, INC.
                         (A Development Stage Company)
                                  BALANCESHEET

                                     Assets

                                         December 31,   September 30,
                                            1997             1998

Current assets

<S>                                         <C>             <C> 
    Cash                                   $ 0              $480 
    Notes receivable-investors                           600,000
                                            ---          -------
Total current assets                         0           600,480

Other assets
    License fes                                          252,500
                                                         -------
Total other assets                                       252,500
                                                         -------
Total assets                               $ 0        $  852,980
                                            ===        =========
 
Liabilities and Stockholders' Equity 

Current liabilities
   Officer loan payable                               $   25,500
                                                       ---------
Total current liabilities                                 25,500


Capital stock

    Preferred stock-authorized
5,000,000 shares $.001 par value.
At December 31, 1997 and
September 30, 1998 the number of 
shares outstanding was -0-

Capital stock-authorized 15,000,000
shares, par value of $.001. At 
December 31, 1997 and September 30,
1997 the number of shares outstanding
was 1,551,394 and 11,425,000             $1,551           11,425

Additional paid in capital                             1,303,626
Deficit accumulated during
 development stage                       (1,551)        (487,571)
                                          -----        ---------
Total stockholders' equity                 -0-           827,480
                                          -----        ---------

Total liabilities and stockholders'
equity                                    $-0-        $  852,980
                                          =====        =========

</TABLE>


             See    accompanying    notes   to    financial statements.

<PAGE>


<TABLE>
<CAPTION>


                                         D-LANZ DEVELOPMENT GROUP, INC.
                                         (A Development Stage Company)
                                           STATEMENT OF OPERATIONS
                                                                   For the 
                                                                 period from 
                                  For the nine   For the nine reorganization
                                  months ended   months ended (December 31, 1990)
                                  September 30,  September 30, to September 30,
                                   1997           1998             1998

<S>                                        <C>            <C>        <C>
Income                                    $-0-           $-0-       $-0-

Less costs of goods sold                   -0-            -0-        -0-
                                          -----           ----       ---

Gross profit                               -0-            -0-        -0-

Operations:
General and administrative                 -0-         484,954      487,571
Depreciation and amortization              -0-            -0-        -0-
                                          ----           ----       -------
Total expense                              -0-         484,954      487,571

Loss from operations and before            -0-        (484,954)    (487,571)
Corporate income tax expense

Corporate income tax                       -0-            -0-         -0-
                                           ---            ---        ----

Net profit or (Loss)                      $-0-       $(484,954)   $(487,571)                                                  
                                          ====        ========     ========                               

Basic and diluted net income
  (loss) per common share                 $-0-        $(0.06)       $(0.06)
                                          ====          ====         =====
Weighted average shares outstanding  -
     basic income per share            1,551,394     8,188,889    8,188,889
                                       =========    ==========   ==========

</TABLE>


                               See accompanying notes to financial statements.

<TABLE>
<CAPTION>


                                         D-LANZ DEVELOPMENT GROUP, INC.
                                         (A Development Stage Company)
                                           STATEMENT OF OPERATIONS

                                             For the three  For the three
                                             months ended   months ended
                                             September 30,  September 30,
                                                 1997           1998
<S>                                              <C>            <C>
Income                                           $-0-           $-0-

Less costs of goods sold                          -0-            -0-
                                                -----           ----

Gross profit                                      -0-            -0-

Operations:
General and administrative                        -0-         483,048
Depreciation and amortization                     -0-            -0- 
                                                 ----           ----
Total expense                                     -0-         483,048

Loss from operations and before                   -0-        (483,048)
Corporate income tax expense

Corporate income tax                              -0-            -0-
                                                  ---            ---

Net profit or (Loss)                             $-0-       $(483,048)  
                                                 ====        ========                                  

Basic and diluted net income
  (loss) per common share                        $-0-        $(0.06) 
                                                  ===          ====  
Weighted average shares outstanding  -
     basic income per share                   1,551,394    8,188,889                                                            
                                              =========    ==========  
</TABLE>


                               See accompanying notes to financial statements.
<PAGE>



<TABLE>
<CAPTION>

                         D-LANZ DEVELOPMENT GROUP, INC.
                          (A Development Stage Company)
                             STATEMENT OF CASH FLOWS

                                                              For the
                                                              period from
                                  For the nine  For the nine  reorganization
                                  months ended  months ended  (December 31, 1990)
                                  September 30, September 30, to September 30,
                                      1997          1998         1998
CASH FLOWS FROM OPERATING
ACTIVITIES
<S>                                   <C>           <C>
Net profit (loss)                    $-0-       $(484,954)      $(487,571)

Depreciation and amortization         -0-           -0-             -0-


Officer loan payable                               25,000          25,000
                                      ---         -------         -------

TOTAL CASH FLOWS FROM OPERATING       -0-        (459,954)       (462,571)
ACTIVITIES

CASH FLOWS FROM FINANCING
ACTIVITIES

Sale of shares of common stock      2,000       1,060,408       1,063,051
                                     ---        ---------       ---------
TOTAL CASH FLOWS FROM FINANCING     2,000       1,060,408       1,063,051
ACTIVITIES

CASH FLOWS FROM INVESTING ACTIVITIES

Notes receivable-investors                       (600,000)       (600,000)
                                                 --------         --------
TOTAL CASH FLOWS FROM INVESTING
ACTIVITIES                                       (600,000)       (600,000)

NET INCREASE (DECREASE) IN CASH     2,000             454             480
CASH BALANCE BEGINNING OF            -0-              934             -0-
PERIOD                              -----         -------          ------
CASH BALANCE END OF PERIOD        $ 2,000      $      480            $480
                                    =====         =======         =======


</TABLE>


               See accompanying notes to financial statements.




<PAGE>







<PAGE>
<TABLE>
<CAPTION>

                                         D-LANZ DEVELOPMENT GROUP, INC.
                                          (A Development Stage Company)
                                        STATEMENT OF STOCKHOLDERS' EQUITY

                                                               Deficit
                                                               accumulated
                                               Additional        during 
      Date  Preferred Preferred Common Common    paid          development          
               Stock    Stock   Stock   Stock  in capital         stage      Total
<S>            <C>       <C>      <C>             <C>              <C>        C> 
12-31-1991     -0-      $-0-  1,551,394 $1,551                  $(1,551)     $-0-
              ====       ==== =========  =====                   =======      ===

12-31-1992     -0-      $-0-  1,551,394 $1,551                  $(1,551)     $-0-
              ====       ==== =========  =====                   =======      ===

12-31-1993     -0-      $-0-  1,551,394 $1,551                  $(1,551)     $-0-
              ====       ==== =========  =====                   =======      ===

12-31-1994     -0-      $-0-  1,551,394 $1,551                  $(1,551)     $-0-
              ====       ==== =========  =====                   =======      ===

12-31-1995     -0-      $-0-  1,551,394 $1,551                  $(1,551)     $-0-
              ====       ==== =========  =====                   =======      ===

12-31-1996     -0-      $-0-  1,551,394 $1,551                  $(1,551)     $-0-
              

 9-30-1997(1)                2,000,000  2,000                                 2,000
 9-30-1997(2)                6,448,606  6,449    246,051                    252,500
12-31-1997  Net loss                                             (1,066)     (1,066)
            --------         ---------  -----    -------        -------     -------
12-31-1997   -0-       $-0- 10,000,000$10,000   $246,051        $(2,617)   $253,434

Unaudited
6-30-1998(3)                   100,000    100        900                      1,000
8-14-1998(4)                   200,000    200    135,800                    136,000
8-26-1998(4)                   400,000    400    271,600                    272,000
8-26-1998(5)                   800,000    800    599,400                    600,000
8-26-1998(6)                   125,000    125     49,875                     50,000
9-30-1998    Net loss                                          (484,954)   (484,954)
            ----       ----    -------    ---    -------        -------   ---------
9-30-1998    -0-      $-0-  11,425,000$11,425  $ 904,026      $(487,571)$(827,480)
            ====       ==== ========== ======  =========       ========  ==========

(1) Sale of shares pursuant to Regulation D at $.001 per share.
(2) Issuance of shares for acquisition of License Rights valued at
    $.04 per share.
(3) Issuance of shares in consideration for consulting fees valued at $0.001 per          share.
(4) Issuance of shares in consideration for consulting fee valued at $0.68 per            share.
(5) Sale of shares in consideration of notes receivable valued at $1.00 per share.
(6) Sale of shares at $0.40 per share



</TABLE>


    See accompanying notes to financial statements.


<PAGE>


                         D-LANZ DEVELOPMENT GROUP, INC.
                          NOTES TO FINANCIAL STATEMENTS

     NOTE  A--BASIS  OF  PRESENTATION  The  accompanying   unaudited   financial
statements have been prepared in accordance with generally  accepted  principles
for interim financial  information as set forth in Article 10 of Regulation S-X.
Accordingly,  they do not include all of the information and footnotes  required
by generally accepted accounting  principles for complete financial  statements.
In the opinion of management,  all necessary  adjustments  (consisting of normal
recurring  accruals)  considered  necessary  for a fair  presentation  have been
included.  Operating results of D- Lanz Development  Group, Inc. (the "Company")
for the nine  months  ended  September  30,  1997  and 1998 are not  necessarily
indicative  of the  results  that may be  expected  for the fiscal  year  ending
December 31, 1998.

        NOTE B--EARNINGS PER SHARE

     In 1997, the Financial Accounting Standards Board issued Statement No. 128,
"Earnings Per Share".  Statement No. 128 replaced the calculation of primary and
fully  diluted  earnings  per share with basic and diluted  earnings  per share.
Unlike primary earnings per share, basic earnings per share exclude any dilutive
effects of options, warrants, and convertible securities.  Dilutive earnings per
share is very similar to the  previously  reported  fully  diluted  earnings per
share. The Company adopted Statement No. 128 and has  retroactively  applied the
effects thereof for all periods  presented.  The impact on the per share amounts
previously reported was not significant.

      NOTE C-COMMITMENTS

a. Leased Office Space

The Company  occupies  office space at 400 Grove Street,  Glen Rock, New
Jersey rent free on a month to month basis.

       NOTE D- ISSUANCE OF SHARES OF COMMON STOCK


     On August 14, 1998,  the Company  issued  200,000 shares of common stock to
Joel Brownstein in consideration  for consulting  services valued at $136,000 or
$0.68 per share.

     On August 26,  1998,  the Company  sold  600,000  shares of common stock at
$1.00 per share in considerationn for notes receivable  aggregating  $600,000 as
follows: 500,000 shares to Joel Brownstein for $500,000; 100,000 shares to Sarit
Hirschkorn (wife of Jay Hait, Esq., Secretary to the Company).

     On August 26,  1998,  the Company  issued  200,000  shares of common  stock
pursuant  to an  agreement  for sale for an  aggregate  of $200,000 or $1.00 per
share. As of September 30, 1998, these shares were held in escrow by the Company
pending  immediate  delivery as required by a purchase option  agreement.  These
shares  have  not been  reflected  in the  number  of  shares  of  common  stock
outstanding as of September 30, 1998.

     On August 26,  1998,  the Company  sold  125,000  shares of common stock to
Wharton Capital Corp.,  ("Wharton") for an aggregate consideration of $50,000 in
consulting fees pr $0.40 per share. On that date Mr. Roger Fidler,  President of
the Company,  advanced Wharton $25,000 as additional consideration for financial
consulting services.

<PAGE>

Item 2. Management's Discussion and Analysis of Plan of operation

Results of Operations


     For the nine months ended September 30, 1997 as compared to the nine months
ended September 30, 1996.

     The company has remained  inoperative.  Sales,  costs of goods sold,  gross
profit,  operating  expenses  and net profit  were $-0- for both the nine months
ended September 30, 1997 and 1998. The activities of the Company during the nine
months ended  September  30, 1997 and 1998.  consisted  of preparing  and filing
corporate  income tax  returns  and  filings  for the  Securities  and  Exchange
Commission.

     For the nine months ended September 30, 1998 as compared to the nine months
ended September 30, 1997.

     The company has remained  inoperative.  Sales,  costs of goods sold,  gross
profit,  were $-0- for both the nine months ended  September  30, 1997 and 1998.
General and administrative expenses for the nine months ended September 30, 1998
were $484,954 as compared to $-0- for the nine months ended  September 30, 1997.
The activities of the Company  during the nine months ended  September 30, 1998.
consisted of engaging financial  consultants to promote the Company's  business,
preparing and filing corporate income tax returns and filings for the Securities
and Exchange Commission.


Liquidity And Capital Resources

     As of September 30, 1998,  the Company's  cash balance was $480 and working
capital was a $774,980 consisting of notes receivable from investors aggregating
$800,000 and the Company reflecting an officer loan payable of $25,500.

Net (loss) from  operations  amounted to  $(484,954)  for the nine months
ended September 30,  1998 due to  increases general and  administrative
expenditures related to the expansion of the company's fund raising activities.
 
     The Company's  primary  short-term needs are to increase its  manufacturing
capabilities,  increase  inventory  levels and begin to support its research and
development  programs.  The Company currently plans to expend approximately $1.0
million for the expansion and  development  of its  manufacturing  facilities in
addition to its marketing and general administrative programs.

     The  Company  expects its capital  requirements  to increase  over the next
several years as it expands its research and  development  efforts,  new product
development, sales and administration infrastructure, manufacturing capabilities
and facilities.  The Company's future liquidity and capital funding requirements
will depend on numerous  factors,  including  the extent to which the  Company's
products  under   development  are   successfully   developed  and  gain  market
acceptance,  the timing of regulatory actions regarding the Company's  potential
products,   the  costs  and  timing  of  expansion  of  sales,   marketing   and
manufacturing   activities,   facilities   expansion   needs,   procurement  and
enforcement of patents important to the Company's business,  results of clinical
investigations and competition.

     The  Company  believes  that it must  raise  additional  cash and cash from
operations  to  satisfy  its  funding  needs  for at least  the next 12  months.
Thereafter,  if cash generated from  operations is  insufficient  to satisfy the
Company's working capital and capital expenditure requirements,  the Company may
be required to sell additional  equity or debt  securities or obtain  additional
credit facilities.  There can be no assurance that such financing,  if required,
will be available on satisfactory terms, if at all.

                                 
<PAGE>



                                     PART II

                                OTHER INFORMATION

Item 1. Legal Proceedings.
No legal proceedings are pending against the Company.

Item 2. Changes in Securities
None.

Item 3. Defaults upon Senior Securities
None.

Item 4. Submission of Matters to a Vote of Security-Holders
None.




<PAGE>




                                   SIGNATURES

      In accordance  with the  requirements  of the  Securities  Exchange Act of
1934,  the  registrant  caused  this  report to be  signed on its  behalf by the
undersigned thereunto duly authorized.


                                                  D-LANZ DEVELOPMENT GROUP, INC.


                                 /s/Roger Fidler
                                Mr. Roger Fidler,
                                    President


Dated:            November 14, 1998





<PAGE>