UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  20549





FORM 10-QSB



(Mark one)



[X]

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934



For the quarterly period ended June 30, 2003



[  ]

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 1-5996



QUAD METALS CORPORATION

(Exact name of small business issuer as specified in its charter)



Nevada

91-0835748

(State or other jurisdiction of

(IRS Employer Identification Number)

incorporation or organization)





601 West Main Avenue, Suite 714 Spokane, WA 99201

(Address of principal executive offices)



Registrants Telephone Number, Including Area Code: (509) 455-9077



Common Stock

The OTC Bulletin Board

Title of each class

Name and exchange on which registered



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 12 months (or for such shorter period as the registrant was required to file such reports), and (2) has been subject to filing requirements for the past 90 days.



Yes [X]  No [  ]



At July 18, 2003, 1,909,493 shares of the registrants common stock  were outstanding.



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TABLE OF CONTENTS







PART I



PAGE





ITEM 1.

Balance Sheets as of June 30, 2003

and December 31, 2002

3



Statements of Operations For the Three and Six Month

Periods Ended June 30, 2003 and 2002

4



Statements of Cash Flows For the Six Month Periods

Ended June 30, 2003 and 2002

5



Notes to Financial Statements

6



ITEM 2.      Managements Discussion and Analysis of Financial Condition and

Results of Operations

7



ITEM 3.     Controls and Procedures

8



PART II



ITEM 1.      Legal Proceedings

9



ITEM 2.      Changes in Securities

9



ITEM 3.      Defaults Upon Senior Securities

9



ITEM 4.      Submission of Matters to a Vote of Security Holders

9



ITEM 5.      Other Information

9



ITEM 6.      Exhibits and Reports on Form 8-K

9



Signatures

10



Certifications

11









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PART I



ITEM 1:  FINANCIAL STATEMENTS



Balance Sheets as of June 30, 2003

Quad Metals Corporation

and December 31, 2002







ASSETS



|                     |   | (Unaudited), |  |   |             
|-------------------- | - | ------------ |  | - | ------------
|                     |   | June 30,     |  |   | December 31,
|                     |   | 2003         |  |   | 2002        
|CURRENT ASSETS:      |   |              |  |   |             
|Cash                 | $ | 4,153        |  | $ | 15,954      
|                     |   |              |  |   |             
|Total current assets | $ | 4,153        |  | $ | 15,954      





LIABILITES AND STOCKHOLDERS EQUITY





|CURRENT LIABILITIES:                                                                                   |   |             |  |   |            
|------------------------------------------------------------------------------------------------------ | - | ----------- |  | - | -----------
|Accounts payable                                                                                       | $ | 147         |  | $ | 92         
|                                                                                                       |   |             |  |   |            
|Total current liabilities                                                                              |   | 147         |  |   | 92         
|                                                                                                       |   |             |  |   |            
|STOCKHOLDERS EQUITY:                                                                                  |   |             |  |   |            
|Common stock; $0.001 par value; 300,000,000
shares authorized; 1,909,493
shares issued and outstanding |   | 1,910       |  |   | 1,910      
|Preferred stock; no par value; 10,000,000 shares
authorized; none issued and outstanding               |   |             |  |   |            
|Capital in excess of par value                                                                         |   | 2,250,914   |  |   | 2,250,914  
|Accumulated deficit                                                                                    |   | (2,248,818) |  |   | (2,236,962)
|Total stockholders equity                                                                             |   | 4,006       |  |   | 15,862     
|                                                                                                       |   |             |  |   |            
|Total liabilities and stockholders equity                                                             | $ | 4,153       |  | $ | 15,954     









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







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Quad Metals Corporation

Statements of Operations for the Three and Six

(Unaudited)

Month Periods Ended June 30, 2003 and 2002







|                                                     |   | June 30, 2003 |   |            | June 30, 2002
|---------------------------------------------------- | - | ------------- | - | ---------- | -------------
|                                                     |   | Three
Months  |   | Six
Months |              
|OPERATING EXPENSES:                                  |   |               |   |            |              
|General and administrative
expenses                  | $ | 2,371         | $ | 11,877     |              
|Total operating expenses                             |   | 2,371         |   | 11,877     |              
|                                                     |   |               |   |            |              
|OTHER (INCOME):                                      |   |               |   |            |              
|Interest income                                      |   | (7)           |   | (21)       |              
|Total other (income)                                 |   | (7)           |   | (21)       |              
|                                                     |   |               |   |            |              
|NET LOSS                                             | $ | 2,364         | $ | 11,856     |              
|                                                     |   |               |   |            |              
|NET LOSS PER SHARE                                   | $ | Nil           | $ | Nil        |              
|                                                     |   |               |   |            |              
|WEIGHTED AVERAGE NUMBER OF SHARES OUSTANDING  BASIC |   | 1,909,493     |   | 1,909,493  |              







































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







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Quad Metals Corporation

Statements of Cash Flows for the Six Month

(Unaudited)

Periods Ended March 31, 2003 and 2002





|                                            |   | Six Months Ended
June 30,
|------------------------------------------- | - | -------------------------
|                                            |   | 2003                     
|CASH FLOWS FROM OPERATING ACTIVITIES:       |   |                          
|Net loss                                    | $ | 11,856                   
|                                            |   |                          
|Change in:                                  |   |                          
|Decrease (increase) in accounts payable     |   | (55)                     
|Net cash flows used by operating activities |   | 11,801                   
|                                            |   |                          
|NET DECREASE IN CASH                        |   | 11,801                   
|                                            |   |                          
|CASH AT BEGINNING OF PERIOD                 |   | 15,954                   
|                                            |   |                          
|CASH AT END OF PERIOD                       | $ | 4,153                    











































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







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QUAD METALS CORPORATTION

(Unaudited)

Notes to Financial Statements





1.

Basis of Presentation:



The financial statements of Quad Metals Corporation included herein have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission.  Although certain information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America has been condensed or omitted, Quad Metals Corporation believes that the disclosures are adequate to make the information presented not misleading.  These financial statements should be read in conjunction with the financial statements and notes thereto for the fiscal year ended December 31, 2002 included in the registrants Form 10-KSB.



The financial statements included herein reflect all normal recurring adjustments that, in the opinion of management, are necessary for a fair presentation.  The results for interim periods are not necessarily indicative of trends or of results to be expected for the full year ending December 31, 2003.





2.

Nature of Business and Plan of Operation:



The objectives of the Company are to seek, investigate and, if such investigation warrants, acquire an interest in business opportunities presented to it by persons or firms who or which desire to seek the perceived advantages of a publicly registered corporation. The Company has no recurring source of revenue and has incurred operating losses since inception. These conditions raise substantial doubt about the Company's ability to continue as a going concern as expressed by the Companys independent accountants in their report on the Companys December 31, 2002, financial statements.  The interim financial statements do not contain any adjustments which might be necessary if the Company is unable to continue as a going concern.















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ITEM 2

MANAGEMENTS DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS



General



This report contains both historical and prospective statements concerning the Company and its operations.  Prospective statements (known as "forward-looking statements") may or may not prove true with the passage of time because of future risks and uncertainties.  The Company cannot predict what factors might cause actual results to differ materially from those indicated by prospective statements.



Letter of Intent



On July 9, 2003, Quad Metals Corporation (Quad Metals) entered into a letter of intent to acquire all of the outstanding shares of capital stock of DataJungle Ltd., a company incorporated under the Canada Business Cororation Act (DataJungle). In exchange for 100% of the outstanding capital stock of DataJungle, Quad Metals will issue approximately 7,754,000 share of its common stock.  In addition, Quad Metals will issue approximately 8,601,000 shares of its common stock for the assumption and conversion of approximately $1,290,000 of DataJungles outstanding convertible debt.



Immediately after closing there will be approximately 18,264,000 shares of Quad Metal issued and outstanding as follows:



Current Quad Metals shareholders  approximately 1,909,000 shares (10.5%)

DataJungle shareholders  approximately 16,355,000 shares (89.5%)



DataJungle, a two year old software company markets Web-based software solutions that delivers business information as interactive tables, charts, maps, and unstructured information. These solutions consist of modules of functionality that can be assembled like LEGOTM blocks to the specific requirements of the customer and customized to the needs of each user class within the customers business.



Closing of the transaction is subject to completion of due diligence, execution of a definitive Share Purchase Agreement, approval of the board of directors of Quad Metals and approval of the directors and shareholders of DataJungle.



Results of Operations



For the three month period ended June 30, 2003 compared to the three month period ended June 30, 2002



For the three months ended June 30, 2003, the Company had a net loss of $2,364 compared to a net loss of $4,371 for the three months ended June 30, 2002.  The loss in the second quarters of 2003 and 2002 were primarily due to general and administrative expenses associated with the audit of the Companys financial statements and the preparation and filing of Form 10-KSB with the Securities and Exchange Commission.



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Results of Operations (Continued)



For the six month period ended June 30, 2003 compared to the six month period ended June 30, 2002



For the six months ended June 30, 2003, the Company had a net loss of $11,856 which is comparable to a net loss of $11,074. The net loss in both periods resulted from general and administrative expenses associated with the audit of the Companys financial statements and the preparation and filing of Form 10-KSB with the Securities and Exchange Commission.



Financial Condition and Liquidity



During the six month period ended June 30, 2003, the Company used $11,801 of cash in operating activities.  The Company may have to sell additional shares of common stock in order to fund basic operating expenses because there are no revenues from any operating activities.



ITEM 3.

CONTROLS AND PROCEDURES



Based on their most recent evaluation, which was completed within 90 days of the filing of this Form 10-QSB, the Companys president believes the Companys disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) are effective to ensure that information required to be disclosed by the Company in this report is accumulated and communicated to the Companys management, including its principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.  There were no significant changes in the Companys internal controls or other factors that could significantly affect these controls subsequent to the date of their evaluation and there were no corrective actions with regard to significant deficiencies and material weaknesses.

















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PART II





ITEM 1.

LEGAL PROCEEDINGS



NONE



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



ITEM 5.

OTHER INFORMATION



NONE



ITEM 6.

EXHIBITS AND REPORTS ON FORM 8-K



Form 8-K dated July 9, 2003, Item 5.  Other Events











































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SIGNATURES









Pursuant to the requirements of Section 13 or 15(b) of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.







Quad Metals Corporation

(Registrant)





By:  /s/  Robert W. OBrien

July 25, 2003



Robert W. OBrien

Date

President, Director and Principal Financial Officer



























































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Certifications



I, Robert O'Brien, certify that:



1.

I have reviewed this quarterly report on Form 10-QSB of Quad Metals Corporation



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.

I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the Registrant and I 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 disclosure controls and procedures based on our evaluation as of the Evaluation Date;



5.

I have disclosed, based on my most recent evaluation, to the Registrants auditors and the audit committee of the Registrants board of directors (or persons performing the equivalent functions);



a.

all significant deficiencies in the design or operations 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.

I have indicated in this quarterly report whether there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of my most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.



Date: July 25, 2003



/s/Robert O'Brien

Robert O'Brien

President, Director and Principal Financial Officer