SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  Form 10-QSB/A

(Mark One)

[X]  Quarterly  report under Section 13 or 15(d) of the Securities  Exchange Act
     of 1934 for the quarterly period ended September 30, 2000.

[ ]  Transition  report under Section 13 or  15(d) of  the  Securities  Exchange
     Act of 1934 for the transition Period From __________ to __________.


COMMISSION FILE NUMBER: 2-97360-A
                        ---------


                          LIGHT MANAGEMENT GROUP, INC.
                          ----------------------------
        (Exact Name of Small Business Issuer as Specified in its Charter)


         NEVADA                                               59-2091510
         ------                                               ----------
(State or other jurisdiction of                            (I.R.S. Employer
incorporation or organization)                             Identification No.)


              3060 Mainway, Suite 301, Burlington, Ontario L7M 1A3
              ----------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)

                                 (800) 465-9216
                                 --------------
                (Issuer's Telephone Number, Including Area Code)


         Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 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      X                         NO

         On September 30, 2000, the number of shares outstanding of the issuer's
Common Stock, $0.02 par value (the only class of voting stock), was 16,878,279.


<PAGE>




                                Table of Contents



PART I - FINANCIAL INFORMATION.................................................1
                                                                               -

         ITEM 1.           FINANCIAL STATEMENTS................................1
                                                                               -

         ITEM 2.           MANAGEMENT'S DISCUSSION & ANALYSIS OR PLAN OF
                           OPERATION...........................................2
                                                                               -


PART II - OTHER INFORMATION....................................................3
                                                                               -

         ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K....................3
                                                                               -


INDEX TO EXHIBITS..............................................................5
                                                                               -




<PAGE>




                         PART I - FINANCIAL INFORMATION

ITEM 1.           FINANCIAL STATEMENTS

         As used herein,  the term "Company" refers to Light  Management  Group,
Inc.,  a  Nevada  corporation,  and its  subsidiaries  and  predecessors  unless
otherwise  indicated.  Consolidated,   unaudited,  condensed  interim  financial
statements  including a balance  sheet for the Company as of September 30, 2000,
statement of operations,  statement of shareholders equity and statement of cash
flows  for the  interim  period  up to the date of such  balance  sheet  and the
comparable period of the preceding year are attached hereto as Pages F-1 through
F-12 and are incorporated herein by this reference.

                                        1

<PAGE>



<TABLE>
LIGHT MANAGEMENT GROUP, INC.
INTERIM CONSOLIDATED BALANCE SHEET
SEPTEMBER 30, 2000
(with comparative figures at December 31, 1999)
(Unaudited)
<CAPTION>
                                     ASSETS
                                                              2000              1999
                                                              US$               US$
<S>                                                           <C>               <C>
CURRENT ASSETS
 Accounts receivable (Note 3)                                 2,344,817         1,366,038
 Prepaid expenses                                                35,055            15,506
                                                              2,379,872         1,381,544
                                                              ---------         ----------
CAPITAL ASSETS (Note 4)                                       1,179,861           656,045
INTANGIBLE ASSETS (Note 5)                                    3,455,204                 -
                                                              ---------         ----------
                                                              7,014,937         2,037,589
                                                              =========         ==========
                                  LIABILITIES

CURRENT LIABILITIES
Bank overdraft                                                    9,833                -
Accounts payable and accrued                                    618,522           641,171
Loans payable                                                         -            86,401
Due to related parties                                          160,864           145,093
Current portion of term loan (Note 6)                            30,024                  -
                                                              ---------         ----------
                                                                819,243           872,665
TERM LOAN PAYABLE (Note 6)                                      107,196               -
                                                              ---------         ----------
                                                                926,439           872,665
                                                              ---------         ----------
SHAREHOLDERS' EQUITY
SHARE CAPITAL (Note 7)                                          224,345           210,328
ADDITIONAL PAID-IN CAPITAL                                    5,185,217         1,500,537
COMMITMENT TO ISSUE PREFERRED
SHARES (Note 8)                                               3,100,000             -
DEFICIT                                                      (2,421,064)         (545,941)
                                                              ---------         ----------
                                                              6,088,498         1,164,924
                                                              ---------         ----------
                                                              7,014,937         2,037,589
                                                              =========         ==========
Approved by the Directors
                                                , Director
                                                , Director
</TABLE>


                                       F-1

<PAGE>



<TABLE>
LIGHT MANAGEMENT GROUP, INC.
INTERIM CONSOLIDATED STATEMENT OF OPERATIONS
THREE AND NINE MONTH PERIOD ENDED SEPTEMBER 30, 2000
(with comparative figures for the year ended December 31, 1999)
(Unaudited)
<CAPTION>
                                            Three Month             Nine Month
                                            2000                      2000                      1999
                                            US$                        US$                       US$
<S>                                         <C>                     <C>                       <C>
SALES                                       550,907                  1,635,045                 1,061,572
COST OF SALES                               290,312                    886,354                   295,205
                                            --------                 ---------                 ----------
GROSS PROFIT                                260,595                    748,691                   766,367
                                            --------                 ---------                 ----------
EXPENSES
 Advertising and promotion                   15,319                     66,828                   100,151
 Amortization                                82,163                    253,785                    54,345
 Commissions                                 25,901                     58,631                        -
 Consulting                                  26,364                    270,337                   165,054
 Exchange                                    81,859                     81,859                        -
 Insurance                                   11,686                     11,686                        -
 Interest                                    (2,011)                    27,131                    40,942
 Investor relations                          39,542                     71,267                     5,451
 Management salary                          101,011                    226,510                   145,833
 Office and telephone                        15,899                     64,029                    30,721
 Professional fees                           76,417                    175,825                    51,751
 Rent and utilities                          12,066                     50,675                    59,817
 Salaries and benefits                       99,393                    287,736                   171,505
 Travel, meals and entertainment             16,808                     88,086                    38,822
 Vehicle                                      7,179                     22,168                     6,351
                                            609,596                  1,756,553                   870,743
                                          ----------                -----------              ------------
LOSS BEFORE OTHER ITEM                     (349,001)                (1,007,862)                 (104,376)
 Settlement of lawsuit (Note 9)                  -                    (851,159)                       -
                                          ----------                -----------              ------------
LOSS BEFORE INCOME TAXES                   (349,001)                (1,859,021)                 (104,376)
 Income taxes                                   435                        435                         -
                                          ----------                -----------              ------------
LOSS FOR THE PERIOD                        (349,436)                (1,859,456)                 (104,376)
                                          ==========                ===========              ============
LOSS PER COMMON SHARE                       ($0.021)                   ($0.111)                  ($0.006)
                                          ==========                ===========              ============
Weighted average common shares
outstanding                              16,878,279                 16,688,382                15,568,611
                                          ==========                ===========              ============
</TABLE>


                                       F-2

<PAGE>



<TABLE>
LIGHT MANAGEMENT GROUP, INC.
INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS
THREE AND NINE MONTH PERIOD ENDED SEPTEMBER 30, 2000
(with comparative figures for the year ended December 31, 1999)
(Unaudited)
<CAPTION>
                                                     Three Month            Nine Month
                                                     2000                     2000                      1999
                                                     US$                       US$                       US$
<S>                                                  <C>                     <C>                     <C>
CASH FLOWS USED FOR OPERATING ACTIVITIES
Loss for the period                                  (349,436)               (1,859,456)               (104,376)
Add back items which do not involve cash
   Amortization                                        82,163                   253,785                  54,345
   Issuance of common shares for services                 -                     216,216                       -
   Issuance of common shares for litigation               -                     695,204                       -
                                                   -----------              ------------            -------------
                                                     (267,273)                 (694,251)                (50,031)
 Changes in non-cash working capital items
 Accounts receivable                                 (266,785)                 (978,779)             (1,366,038)
 Prepaid expenses                                     (12,353)                  (19,549)                (15,506)
 Accounts payable and accrued                         223,474                   (22,649)                641,171
 Loans payable                                        (20,000)                  (86,401)                 86,401
                                                   -----------              ------------            -------------
                                                     (342,937)               (1,801,629)               (704,003)
                                                   -----------              ------------            -------------
CASH FLOWS USED FOR INVESTING ACTIVITIES
 Additions to capital assets                          118,308                  (715,101)               (710,390)
 Additions to intangible assets                          -                     (746,094)                     -
                                                   -----------              ------------            -------------
                                                      118,308                (1,461,195)               (710,390)

CASH FLOWS FROM FINANCING ACTIVITIES
 Advances from related party                          128,200                 3,115,771                 145,093
 Proceeds of term loan                                 10,489                   137,220                       -
 Proceeds from issuance of share capital                 -                            -               1,269,300
                                                   -----------              ------------            -------------
                                                      138,689                 3,252,991               1,414,393

DECREASE IN CASH                                      (85,940)                   (9,833)                     -
CASH, BEGINNING OF PERIOD                              76,107                         -                      -
NET CASH FLOWS BEING BANK
 OVERDRAFT, END OF PERIOD                              (9,833)                   (9,833)                     -
                                                   ============             ============             ===========
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS
 Common shares issued for acquisitions                                        2,771,610
 Common shares issued for services                                              216,216
 Common shares issued for litigation settlement                                 695,204
 Commitment to issue preferred shares                                         3,100,000
</TABLE>

                                       F-3

<PAGE>




<TABLE>
LIGHT MANAGEMENT GROUP, INC.
INTERIM CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
NINE MONTH PERIOD ENDED SEPTEMBER 30, 2000
(Unaudited)
<CAPTION>
                                    Common shares                      Commitment
                                    Par value $0.02                      To Issue       Additional
                                     Number                             Preferred        Paid-in
                                    of Share             Amount           Shares          Capital          Deficit           Total
<S>                                 <C>              <C>               <C>              <C>               <C>              <C>
Balances, December 31, 1998           7,950,000        159,000                             277,114           (441,565)       (5,451)
 Reverse split                       (5,300,000)
                                      2,650,000

 Issuance of common stock            10,527,424         51,328                                                               51,328

 Issuance of common shares for
  acquisitions                        3,000,000      1,223,423                                                            1,223,423

 Loss for the year                                                                                           (104,376)     (104,376)
Balances, December 31, 1999          16,177,424        210,328                -          1,500,537           (545,941)    1,164,924

 Issuance of common shares for
  acquisition                           550,000         11,000                           2,776,277            (15,667)    2,771,610

 Issuance of common shares for
  litigation settlement                  97,600          1,952                             693,252                          695,204

 Issuance of common shares for
  services                               53,255          1,065                             215,151                          216,216

 Comittment to issue preferred
  shares to settle related party
  debt                                3,100,000                          3,100,000

 Loss for the period                                                                                       (1,510,020)   (1,510,020)
Balances, June 30, 2000              16,878,279        224,345           3,100,000       5,185,217         (2,071,628)    6,437,934

 Loss for the period                                                                                         (349,436)     (349,436)
Balances, September 30, 2000         16,878,279        224,345           3,100,000       5,185,217         (2,421,064)    6,088,498
</TABLE>

                                       F-4

<PAGE>



                                                                          Page 1
LIGHT MANAGEMENT GROUP, INC.
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2000
(Unaudited)


1.  NATURE OF THE COMPANY'S BUSINESS AND FUTURE OPERATIONS

    On December 28, 1998, the company  changed its state of  incorporation  from
    Florida to Nevada by means of a merger with Triton Acquisition  Corporation,
    A Nevada corporation.

    On September 4, 1998, the company  incorporated  Laser Show Systems (Canada)
Ltd.

    On February 15,  1999,  the company  acquired 97 percent of the  outstanding
    shares of Laser Shows Systems International Inc.

    On March  24,  2000 the  company  acquired  all the  outstanding  shares  of
    Exclusive  Advertising  Inc.  (a  company  incorporated  under  the  laws of
    Ontario, Canada).

    On March 29, 2000 the company  acquired all the outstanding  shares of Laser
    Show  Systems  Investments,  Ltd.  (a  company  incorporated  in the  United
    Kingdom).

    During the nine month period ended September 30, 2000 the company incurred a
    loss of  $1,859,456  and used cash for operating  activities of  $2,496,833.
    From inception of the business the company has incurred cumulative losses of
    $2,421,064.

    These  consolidated  financial  statements  have been  prepared on the going
    concern  basis under which an entity is considered to be able to realize its
    assets and satisfy  its  liabilities  in the  ordinary  course of  business.
    Operations to date have been  primarily  financed by common share  issuances
    and advances from a related  party.  The  company's  future  operations  are
    dependent upon continued support of the creditors and the shareholders,  the
    achievement of profitable  operations or the sale of company  assets.  There
    can be no  assurances  that the company will be  successful  in any of these
    areas.   These  consolidated   financial   statements  do  not  include  any
    adjustments  relating to the  recoverability of assets and classification of
    assets and liabilities  that might be necessary should the company be unable
    to continue as a going concern.







                                       F-5

<PAGE>



LIGHT MANAGEMENT GROUP, INC.                                         Page 2 of 8
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2000
(Unaudited)


2.  SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES

    These  financial  statements have been prepared in accordance with generally
    accepted   accounting   principles  in  Canada  and  include  the  following
    significant accounting principles.

    (a) Basis of consolidation
          These  consolidated  financial  statements include the accounts of the
          company  and  its  wholly  owned  subsidiaries,  Laser  Shows  Systems
          International  Inc.,  (a  Canadian  corporation),  Laser Show  Systems
          (Canada) Ltd., (a Canadian corporation),  Exclusive Advertising Inc.(a
          Canadian corporation),  and Laser Shows Systems Investments,  Inc. ( a
          United Kingdom corporation) collectively referred to as "the company".

        All intercompany balances and transactions have been eliminated.

    (b) Translation of foreign currency transactions
          The  company   maintains  its  records  in   United  States   dollars.
          Transactions  in foreign  currencies are translated into United States
          dollars at exchange rates ruling at the  transaction  dates.  Monetary
          items in foreign  currencies  at the period  end are  translated  into
          United States  dollars at rates of exchange at the balance sheet date.
          All exchange differences are recorded in the statement of operations.

    (c) Basic earnings per share
          Basic earnings per share is computed using the weighted average number
          of shares of common stock outstanding.

    (d) Use of estimates
          'The preparation of financial  statements in conformity with generally
          accepted accounting principles requires that management make estimates
          and  assumptions  which  affect  the  reported  amounts  of assets and
          liabilities  as at the date of the financial  statements  and revenues
          and expenses for the period then ended. Actual results may differ from
          these estimates.


                                       F-6

<PAGE>



LIGHT MANAGEMENT GROUP, INC.                                         Page 3 of 8
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2000
(Unaudited)


2.  SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES

    (e) Capital assets
          Capital assets are stated at historical cost. Amortization is provided
          for at the  following  methods and rates which are  designed to charge
          the cost of  capital  assets to income  over  their  estimated  useful
          lives:



          Equipment                           Diminishing balance            20%
          Equipment under development         Diminishing balance            30%
          Furniture and fixtures              Diminishing balance            20%
          Computer equipment                  Diminishing balance            30%
          Leasehold improvements              Straight line                  20%

        All costs associated with acquiring, developing and testing the advanced
        laser  projection  systems  have been  capitalized  as  equipment  under
        development.

        In the year of acquisition,  only one half of the normal amortization is
        charged to expense.

    (f) Patents and goodwill arising on consolidation.
         'The patents and goodwill  representing an amount in excess of the cost
         of the company's  investment in its subsidiaries  over the value of net
         tangible  assets  acquired  is  recorded  at  cost.  The  cost  will be
         amortized using the straight line method over fifteen years.

3.  ACCOUNTS RECEIVABLE AND ECONOMIC DEPENDENCE

    'Included in the accounts  receivable is the amount of  $2,152,434  due from
    the sole  distributor  of the company's  RGB laser  projection  system.  The
    distributor  has  not  fully  paid  the  invoice  due to  manufacturing  and
    installation  delays. As the difficulties have been resolved and the company
    wishes to continue business with the distributor,  it has extended credit on
    these amounts which are to paid in full no later than June 30, 2001.


                                       F-7

<PAGE>



LIGHT MANAGEMENT GROUP, INC.                                         Page 4 of 8
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2000
(Unaudited)
<TABLE>

4.  CAPITAL ASSETS
<CAPTION>

                                                                    2000                            1999
                                                       Accumulated           Net                     Net
                                   Cost                Amortization        Book Value             Book Value
                                    US$                     US$               US$                    US$
<S>                            <C>                   <C>               <C>                    <C>
    Equipment                      221,608                45,278            176,330               198,355
    Equipment under
        development              1,086,060               194,929            891,131               448,889
    Furniture and fixture           13,252                 1,742             11,510                 2,305
    Computer equipment              27,620                 5,541             22,079                 5,654
    Leasehold improveme             85,459                 6,648             78,811                   842
                                ----------            -----------       -----------            -----------
                                 1,433,999               254,138          1,179,861               656,045
                                ==========            ===========       ===========            ============
</TABLE>

5.  INTANGIBLE ASSETS
                                                        2000             1999
                                                         US$              US$

    Goodwill and patents                               3,517,704           -
    Less: accumulated amortization                        62,500           -
                                                      ----------      --------
                                                       3,455,204           -
                                                      ==========      =========

    Goodwill of $2,500,000  arises from the  consolidation  of the accounts of a
    subsidiary  company  acquired by issuing 500,000 shares at a deemed price of
    $5.00 per share.


6.  TERM LOAN PAYABLE
                                                               2000       1999
                                                               US$         US$
    The term loan is payable by monthly principal payments
    of $2,502 (C$3,753) plus interest at prime plus 2.5      137,220         -
         Less current portion                                 30,024         -
                                                            ---------    -------
                                                             107,196         -
                                                            =========    =======
    Principal payments due in each of the next five years:

                            2001                  30,024
                            2002                  30,024
                            2003                  30,024
                            2004                   6,634

                                       F-8

<PAGE>



LIGHT MANAGEMENT GROUP, INC.                                         Page 5 of 8
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2000
(Unaudited)

7.  SHARE CAPITAL
                                                               2000       1999
                                                                US$        US$

    Authorized -     100,000,000 common shares with $0.02
                     par value

    Issued    -      16,878,279 common shares                  224,345   210,328
                                                             =========  ========
    Options and rights: see Note 14 - Subsequent Events


8.  COMMITMENT TO ISSUE PREFERRED SHARES

     The company  intends to issue  2,766,798  non-redeemable,  non-convertible,
     preferred shares to settle all amounts owed to a corporate shareholder. The
     preferred  shares will carry a cumulative  dividend of 6.5  percent,  carry
     voting rights equal to 27,667,980 common shares and shall be non-dilutable.

9.  LITIGATION

     'Pursuant to a settlement agreement dated March 10, 2000 the company agreed
      to an amount of $851,159, including related legal costs, which is reported
      in the statement of operations.

10. RELATED PARTY TRANSACTIONS

    During the period the company had the  following  transactions  with related
parties:

                                                              2000        1999
                                                               US$         US$
    Corporate shareholder:
        Cash received                                       3,115,771    145,093
        Rent expense                                            4,044     59,817

    Director and Chief Executive Officer of the company:
        Management salary                                     226,510    145,833



                                       F-9

<PAGE>



LIGHT MANAGEMENT GROUP, INC.                                         Page 6 of 8
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2000
(Unaudited)

11. COMMITMENTS

     The company subleases its office and research and development premises from
     a related company and leases various computer equipment and two automobiles
     under operating leases.  The minimum lease commitment under these operating
     lease agreements for the next five years are:



                              US$

                  2000                6,842
                  2001               21,665
                  2002               14,018
                  2003               10,855
                  2004               10,855

12. COMPARATIVE FIGURES

      Certain comparative figures for the year ended December 31, 1999 have been
      restated to conform with the current period's presentation.


13. FINANCIAL INSTRUMENTS

      'The company's financial instruments consist of cash, accounts receivable,
      accounts payable,  loans payable, due to related parties, and a term loan.
      Unless otherwise noted, it is management's opinion that the company is not
      exposed to  significant  interest,  currency or credit risk  arising  from
      these financial instruments. The fair value of these financial instruments
      approximate their carrying values, unless otherwise noted.

      'The company sells the majority of its equipment  through one  distributor
       and in Canadian  dollars.  The company is exposed to credit and  currency
       risk related to these transactions.

      'The company maintains certain bank accounts, and receives advances from a
      shareholder in Canadian  dollars.  The company is exposed to currency risk
      related to these transactions.




                                      F-10

<PAGE>



LIGHT MANAGEMENT GROUP, INC.                                         Page 7 of 8
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2000
(Unaudited)

14. SUBSEQUENT EVENTS

      Subsequent  to the period end the company has granted  employee  incentive
      options,  to its Chief Executive Officer, to purchase common shares of the
      company, on or before July 5, 2005 as follows:

                        Number of           Price per
                          Shares            Share

                           100,000          $0.25
                           100,000          $0.50
                           250,000          $1.00
                           250,000          $1.50
                           500,000          $2.00

   Subsequent to the period end the company has granted common share rights to a
   related  corporation,  to purchase common shares of the company, on or before
   August 1, 2003 as follows:

                        Number of           Price per
                          Shares            Share

                           250,000          $2.25
                           250,000          $2.50
                           250,000          $2.75
                           100,000          $3.00
                           100,000          $3.50

15. UNCERTAINTY DUE TO THE YEAR 2000 ISSUE

      The Year 2000 Issue  arises  because  many  computerized  systems  use two
      digits  rather  than four to identify a year.  Date-sensitive  systems may
      recognize  the year 2000 as 1900 or some other date,  resulting  in errors
      when information using year 2000 dates is processed. In addition,  similar
      problems  may arise in some  systems  which use  certain  dates in 1999 to
      represent something other than a date. Although the date has occurred,  it
      is not  possible to conclude  that all aspects of the Year 2000 Issue that
      may affect the entity, including those related to customers, suppliers, or
      other third parties, have been resolved.


                                      F-11

<PAGE>



LIGHT MANAGEMENT GROUP, INC.                                         Page 8 of 8
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2000
(Unaudited)

16. DIFFERENCES BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
ACCOUNTING PRINC

    These  financial  statements have been prepared in accordance with generally
    accepted accounting principles ("GAAP") in Canada. The principles adopted in
    these  financial  statements  conform  in all  material  respects  to  those
    generally accepted in the United States except as follows:

    Under  Canadian  GAAP, new product  development  costs incurred  during each
    period are  capitalized.  The accumulated  amount is reported on the balance
    sheet. Under United States GAAP these costs are expensed in each year.




                                      F-12

<PAGE>



ITEM 2.           MANAGEMENT'S DISCUSSION & ANALYSIS OR PLAN OF OPERATION

Forward-looking information

         This quarterly  report contains  forward-looking  statements.  For this
purpose,  any statements  contained herein that are not statements of historical
fact may be deemed to be forward-looking statements.  These statements relate to
future events or to our future  financial  performance.  In some cases,  you can
identify  forward-looking  statements  by  terminology  such as  "may,"  "will,"
"should,"   "expects,"   "plans,"   "anticipates,"    "believes,"   "estimates,"
"predicts,"  "potential"  or  "continue"  or the negative of such terms or other
comparable terminology. These statements are only predictions.  Actual events or
results may differ  materially.  There are a number of factors  that could cause
the Company's  actual results to differ  materially from those indicated by such
forward-looking statements.

         Although the Company  believes that the  expectations  reflected in the
forward-looking  statements are reasonable,  the Company cannot guarantee future
results, levels of activity, performance or achievements.  Moreover, the Company
does  not  assume  responsibility  for the  accuracy  and  completeness  of such
statements.  The  Company is under no duty to update any of the  forward-looking
statements  after the date of this report to conform such  statements  to actual
results.

General

         The Company  specializes  in the  development  of new  applications  of
optical and light technologies.  These technologies use sound waves to focus and
direct lasers.  For example,  one of the Company's  proprietary laser projection
systems,  called the RGB Laser  Projection  System,  produces  graphic images in
moving  three  dimensional  designs  that are  utilized  to market  products  on
large-scale  billboards.  This laser system  possesses  software  features which
allow images to be manipulated  into almost any position,  size, or scale in 256
colors.  This  acousto-optic  laser projection  system works by a raster imaging
process and allows for images to be projected in three  dimensional  appearance,
and to be active and moving across the full screen size.

Results of Operations

         The  following  discussion  sets forth  certain  financial  information
regarding the Company's operations.  Because the Company first generated revenue
from its current  operations in September 1999, the Company believes an analysis
of results of operations for the quarter ended September 30, 2000 as compared to
the quarter ended September 30, 1999, would not provide a meaningful comparison.
Therefore,  the Company's financial statements,  and the following discussion on
results of operations  set forth  financial  information as of the three (3) and
nine (9) month  periods  ended  September  30,  2000,  and as of the year  ended
December 31, 1999. These figures are based on the consolidated operations of all
of the Company's subsidiaries and should be read in conjunction with the audited
financial  statements  and notes  thereto  included in our annual report on Form
10-KSB for the fiscal year ended  December 31, 1999;  and should further be read
in conjunction with the financial statements included in this report.

         The Company  generated  sales of $550,907 and  $1,635,045 for the three
and nine month periods ended  September  30, 2000,  respectively.  These amounts
represent an increase in sales from the $1,061,572 generated for the fiscal year
ended  September  30,  1999.  A corollary to the  Company's  increased  sales is
increased  expenses,  which were  $609,596 for the quarter  ended  September 30,
2000, and $1,756,553 for the nine months ended  September 30, 2000. The expenses
incurred for the fiscal year ended December 31, 1999, were $870,743. These sales
and  expenses  resulted  in the  Company's  loss for the quarter and nine months
ended September 30, 2000, of $349,436 and $1,859,456,  respectfully, as compared
to the loss for the year ended December 31, 1999, of $104,376.

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<PAGE>





         The  Company's  accounts  payable  and  accrued  decreased  slightly to
$618,522 as of September  30,  2000,  as compared to $641,171 as of December 31,
1999. As of September 30, 2000,  loans payable had been eliminated from December
31, 1999 balance of $86,401. These decreased balances reflect the Company's goal
of reducing debt, especially to its vendors and contractors.

Liquidity and Capital Resources

         The  Company's  current  assets,  as of  September  30,  2000,  totaled
$2,379,872,  as compared to $1,381,544 as of December 31, 1999.  Included in the
current  assets as of September 30, 2000 are accounts  receivable of $2,344,817.
The increase is due to the Company's intensified sales efforts. The bulk of this
amount,  $2,152,434, is due from the sole distributor of the Company's RGB laser
projection system, which is to be paid in full on or before June 30, 2001.

         Capital  assets  increased  to  $1,179,861  as of  September  30,  2000
compared to $656,045 as of December 31, 1999.  This increase is  attributable to
the  Company's  increased  focus on acquiring and  developing  equipment for its
technologies.

         The Company's  intangible assets increased  materially when the Company
acquired  Exclusive  Advertising as a subsidiary.  This acquisition  brought the
Company  intangible  assets of  $3,455,204,  whereas as of December 31, 1999, no
intangible  assets were possessed.  These intangible  assets include goodwill of
$2,500,000,  which  arose  when the  Company  issued  the  owners  of  Exclusive
Advertising  500,000 shares of its common stock,  valued at $5.00 per share.  An
additional  $955,204  of  intangible  assets  derive from  patents  owned by the
Company's other subsidiary, Laser Show Systems (UK).

         Total  liabilities  of  $926,439  as of  September  30,  2000  remained
relatively flat as compared to $872,665 as of December 31, 1999.

         Shareholder's  equity as of September  30,  2000,  was  $6,088,498,  as
compared to  $6,437,934 as of June 30, 2000,  and  $1,164,924 as of December 31,
1999.  These  increases  are largely due to  issuances  of shares in the quarter
ended June 30, 2000 related to the Company's  settlement  of litigation  and its
acquisitions  of Exclusive  Advertising and Laser Show Systems (UK). Also in the
quarter ended June 30, 2000, the Company agreed to settle a $3.1 million debt to
a  corporate  shareholder  in  exchange  for  non-redeemable,   non-convertible,
preferred shares.


                           PART II - OTHER INFORMATION

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

         No  reports on Form 8-K were filed  during the  quarter  for which this
report is filed.

         The following  exhibits are attached  hereto.  Exhibits  marked with an
asterisk have been filed  previously  with the Commission  and are  incorporated
herein by reference.


3.1      *        Articles  of  Incorporation

3.2      *        Bylaws.

27       6        Financial  Data  Schedule  for the quarter ended September 30,
                  2000.



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<PAGE>






                                   SIGNATURES

         Pursuant to the  requirements  of Section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended,  the Registrant has duly caused this Quarterly
Report on Form 10-QSB to be executed on its behalf by the undersigned,  hereunto
duly authorized.

LIGHT MANAGEMENT GROUP, INC.



/s/ Donald Iwacha
--------------------
President

Dated: November 20, 2000







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<PAGE>



                                INDEX TO EXHIBITS

         Exhibits  marked with an asterisk have been filed  previously  with the
Commission and are incorporated herein by reference.


EXHIBIT           PAGE
NO.               NO.         DESCRIPTION
---               ---         -----------

3.1               *           Articles  of  Incorporation

3.2               *           Bylaws.

27                6           Financial  Data  Schedule  for  the  quarter ended
                              September 30,  2000.






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