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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

(Mark One)

              [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended MARCH 31, 2005

             [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                  For the transition period from _____ to ____

Commission File Number: 0-21142

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

                  MICHIGAN                            38-2483796
      (State or other jurisdiction of     (I.R.S. Employer Identification No.)
       incorporation or organization)


          40950 WOODWARD AVENUE, SUITE 304, BLOOMFIELD HILLS, MI 48304
               (Address of principal executive offices) (Zip Code)

                                 (248) 723-3007
                (Issuer's telephone number, including area code)

         Check whether the issuer (1) has filed all reports required to be filed
by section 13 or 15(d) of the Securities 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.
         [X] YES     [ ] No

         State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date:

       No par value Common Stock: 8,396,981 OUTSTANDING AS OF MAY 13, 2005

Transitional Small Business Disclosure Format:  [  ] YES    [X] NO

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<PAGE>

                         PART I -- FINANCIAL INFORMATION

ITEM 1.       FINANCIAL STATEMENTS

                              SANDSTON CORPORATION
                             CONDENSED BALANCE SHEET
                      MARCH 31, 2005 AND DECEMBER 31, 2004

<TABLE>
<CAPTION>
                                                                                MARCH 31,
                                                                                  2005            DECEMBER 31,
                                                                               (UNAUDITED)            2004
                                                                                 -------             -------
<S>                                                                              <C>                 <C>
                                     ASSETS
Current assets:
     Cash                                                                        $40,601             $42,286
                                                                                 -------             -------

              Total assets                                                       $40,601             $42,286
                                                                                 =======             =======

                      LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
     Accounts payable                                                            $10,623              $9,872
     Accrued expenses                                                             18,000               2,000
                                                                                  ------               -----

              Total current liabilities                                           28,623              11,872
Shareholders' equity:
     Common stock, no par value, 30,000,000 shares authorized,
         8,396,981 shares issued and outstanding                              33,679,784          33,629,784
     Accumulated deficit                                                     (33,667,806)        (36,649,370)
                                                                             -----------         -----------

              Total shareholders' equity                                          11,978              30,414
                                                                                  ------              ------

              Total liabilities and shareholders' equity                         $40,601             $42,286
                                                                                 =======             =======
</TABLE>

See notes to condensed financial statements.


                                     Page 2
<PAGE>

                              SANDSTON CORPORATION
                       CONDENSED STATEMENTS OF OPERATIONS
            FOR THE THREE MONTH PERIODS ENDED MARCH 31, 2005 AND 2004

<TABLE>
<CAPTION>
                                                                THREE MONTHS ENDED MARCH 31,
                                                                ----------------------------
                                                                    2005           2004
                                                                 (UNAUDITED)    (UNAUDITED)
                                                                -----------     -----------
<S>                                                              <C>            <C>
Continuing Operations:
     Net revenues                                                $       -      $        -
     General and administrative expenses                             18,436              -
                                                                   --------     -----------
     Operating loss from continuing operations                      (18,436)             -
     Income taxes                                                        -               -
                                                                -----------     -----------

         Loss from continuing operations                            (18,436)             -

Discontinued operations (Note 1):
     Loss from discontinued operations                                   -         (615,770)
     Gain on sale of net assets of discontinued operations               -        3,789,352
                                                                -----------       ---------

         Income from discontinued operations                             -        3,173,582
                                                                -----------       ---------

Net income (loss)                                                  $(18,436)     $3,173,582
                                                                   ========      ==========

Per share amounts - basic and diluted (Note 2):
     Continuing operations                                        $    0.00     $        -
                                                                  =========     ===========
     Discontinued operations                                    $        -      $      1.01
                                                                ===========     ===========
Weighted average shares outstanding (Note 2):
     Basic and diluted                                            8,396,981       3,148,894
                                                                  =========       =========
</TABLE>


See notes to condensed financial statements.


                                     Page 3
<PAGE>

                              SANDSTON CORPORATION
                       CONDENSED STATEMENTS OF CASH FLOWS
            FOR THE THREE MONTH PERIODS ENDED MARCH 31, 2005 AND 2004

<TABLE>
<CAPTION>
                                                                           THREE MONTHS ENDED MARCH 31,
                                                                         -------------------------------
                                                                              2005              2004
                                                                           (UNAUDITED)       (UNAUDITED)
                                                                         -------------        ----------
<S>                                                                         <C>               <C>
Cash flows from operating activities:
     Net income (loss)                                                      $(18,436)         $3,173,582
     Adjustments to reconcile net income (loss) to net cash flows
       used in operating activities:
         Gain on sale of net assets of discontinued operations                    -           (3,789,352)
         Operating cash flows from discontinued operations                        -              493,219
         Changes in assets and liabilities that provided (used) cash:
              Accounts payable                                                   751                  -
              Accrued expenses                                                16,000                  -
                                                                              ------        ------------
                  Net cash used in operating activities                       (1,685)           (122,551)
                                                                              ------            --------

Cash flows from investing activities:
     Investing cash flows used in discontinued operations                         -             (230,230)
                                                                         -----------            --------
                  Net cash used in investing activities                           -             (230,230)
                                                                         -----------            --------

Cash flows from financing activities:
     Financing cash flows from discontinued operations                            -              188,934
                                                                         -----------             -------
                  Net cash provided by financing activities                       -              188,934
                                                                         -----------             -------

Foreign currency translation effect - discontinued operations                     -              (13,292)
                                                                         -----------             -------

Net decrease in cash and cash equivalents                                     (1,685)           (177,137)
Cash at beginning of period                                                   42,286             207,139
                                                                             -------             -------

Cash at end of period                                                        $40,601             $30,000
                                                                             =======             =======

Supplemental disclosures of cash flow information:
     Cash paid for interest by discontinued operations                             -            $202,566
     Cash paid for income taxes                                                    -                  -
Non-cash financing and investing activities: Disposal of net assets of
     discontinued operations:
         Sales price - liabilities assumed                                                   $13,485,268
         Cash sold                                                                              (198,664)
         All other assets sold                                                                (9,497,252)
                                                                                              ----------
         Gain on sale of assets and liabilities                                             $  3,789,352
                                                                                            ============
</TABLE>


See notes to condensed financial statements.


                                     Page 4
<PAGE>

                              SANDSTON CORPORATION
              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
            FOR THE THREE MONTH PERIODS ENDED JUNE 30, 2004 AND 2003

NOTE 1 - BASIS OF PRESENTATION

         Pursuant to a recommendation of Nematron Corporation's Board of
Directors and approval by its shareholders on January 13, 2004, on March 31,
2004 Nematron sold to NC Acquisition Corporation ("Purchaser") all of its
tangible and intangible assets, including its real estate, accounts, equipment,
intellectual property, inventory, goodwill and other intangibles, except for
$30,000 in cash, (the "Net Asset Sale"). The Purchaser also assumed all of
Nematron's liabilities pursuant to the Net Asset Sale. Following the Net Asset
Sale, Nematron's only remaining assets were $30,000 in cash; it retained no
liabilities. On April 1, 2004 Nematron amended its Articles of Incorporation to
change its name to Sandston Corporation (the "Company") and implement a
shareholder approved five-for-one reverse stock split of the Company's common
stock, whereby every five issued and outstanding shares of the Company's common
stock became one share. Also, on April 1, 2004 Nematron sold a total of
5,248,257 post-split shares to Dorman Industries, LLC ("Dorman Industries") for
$50,000. Dorman Industries is a Michigan limited liability company wholly owned
by Mr. Daniel J. Dorman, who became the Company's Chairman of the Board, CEO and
President following such stock purchase. By virtue of its purchase of common
stock, Dorman Industries owns 62.5% of the outstanding common stock of the
Company.

            Although the Company does not currently have any revenue generating
activities, the Company intends to build long-term shareholder value by
acquiring and/or investing in and operating strategically positioned companies.
The Company expects to target companies in several industry groups. The targeted
companies are generally expected to have the following characteristics: sales
volume of between $20 million and $250 million; value added manufacturing,
distribution and business services; fragmented industries; experienced
management; and consistent historical financial performance. The Company has yet
to acquire, or enter into an agreement to acquire, any company.

         During the period prior to the Net Asset Sale, the Company owned the
following wholly-owned subsidiaries: Nematron Limited, a United Kingdom
corporation, Nematron Canada, Inc., a Canadian corporation, A-OK Controls
Engineering, Inc. a Michigan corporation, and Optimation, Inc., an Alabama
corporation (collectively, "Subsidiaries"). The assets and liabilities of the
Subsidiaries were included in the Net Asset Sale described above, and since
April 1, 2004, the Company has not had an ownership interest in any other
entity.

         The accompanying consolidated financial statements include the accounts
of Sandston Corporation (formerly Nematron Corporation) and its Subsidiaries.
All significant intercompany transactions and balances have been eliminated in
consolidation.

         In the opinion of management, all adjustments considered necessary for
a fair presentation of the consolidated financial statements for the interim
periods have been included. Certain information and footnote disclosures
normally included in financial statements prepared in accordance with generally
accepted accounting principles have been condensed or omitted pursuant to the
Securities and Exchange Commission's rules and regulations, although the Company
believes that the disclosures are adequate to make the information presented not
misleading. It is suggested that these condensed consolidated financial


                                     Page 5
<PAGE>

statements should be read in conjunction with the consolidated financial
statements and notes thereto included in the Company's latest annual report on
Form 10-KSB.

         The results of the operations for the three month periods ended March
31, 2005 and 2004 are not necessarily indicative of the results to be expected
for the full year. Additionally, since the Net Asset Sale, which was effective
April 1, 2004, the Company has no revenue generating activities.

NOTE 2 - EARNINGS PER SHARE

         The weighted average shares outstanding used in computing basic loss
per share for the three month periods ended March 31, 2005 and 2004 have been
adjusted to give effect to the five-for-one reverse stock split discussed in
Note 1. Pursuant to the terms of the agreements underlying the Net Asset Sale,
all outstanding dilutive securities, including stock options, warrants and
conversion rights under all employee and director option plans and various
warrant and note agreements, were cancelled effective March 31, 2004 and are no
longer outstanding.


                                     Page 6
<PAGE>

ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS

THREE MONTH PERIOD ENDED MARCH 31, 2005 COMPARED WITH
THREE MONTH PERIOD ENDED MARCH 31, 2004

Continuing Operations

            Readers should refer to a description of the Net Asset Sale
described in Note 1 to the condensed financial statements included in this Form
10-QSB. As described therein, the net assets and industrial controls businesses
of the Company were sold effective as of the close of business on March 31,
2004. Such operations are reflected in the Condensed Statements of Operations as
losses from discontinued operations. Since April 1, 2004, the Company has not
engaged in any revenue generating activities, although it has considered various
investment opportunities and it has incurred administrative expenses related to
legal, accounting and administrative activities. The Company has had no
employees since that date. The administrative activities of the Company are
performed by the Chairman, who also serves as the CEO, President and Principal
Financial Officer. Direct administrative expenses of the Company for the three
month period ended March 31, 2005 totaled $18,436

Discontinued Operations

         The loss from discontinued operations for the three month period ended
March 31, 2004 totaled $615,770. Revenues totaled $3,478,720 and costs and
expenses exceeded that amount by the amount of the loss. As reflected above, the
net assets and industrial controls businesses of the Company were sold effective
as of the close of business on March 31, 2004.

         The purchaser of the net assets and industrial controls businesses of
the Company assumed all of the Company's liabilities and acquired all of its
assets, except for $30,000 cash, as of March 31, 2004. The net liabilities
assumed by the purchaser exceeded the net assets acquired by the purchaser by
$3,789,352, and such amount has been reported as gain on sale of net assets of
discontinued operations.


LIQUIDITY AND CAPITAL RESOURCES

         On March 31, 2004, the Company sold to NC Acquisition Corporation
("Purchaser") all of its tangible and intangible assets, including its real
estate, accounts, equipment, intellectual property, inventory, goodwill and
other intangibles, except for $30,000 in cash, (the "Net Asset Sale"). The
Purchaser also assumed all of the Company's liabilities pursuant to the Net
Asset Sale. Following the Net Asset Sale, the Company's only remaining assets
were $30,000 in cash; it retained no liabilities. On April 1, 2004, the Company
amended its Articles of Incorporation to change its name to Sandston Corporation
and implement a shareholder approved five-for-one reverse stock split of the
Company's common stock, whereby every five issued and outstanding shares became
one share. Also, on April 1, 2004, the Company sold a total of 5,248,257
post-split shares to Dorman Industries for $50,000. Dorman Industries is a
Michigan limited liability company wholly owned by Mr. Daniel J. Dorman, who
became the Company's Chairman of the Board, CEO and President following such
stock purchase. By virtue of the purchase of the shares by Dorman Industries,
Dorman Industries owns 62.5% of the outstanding common stock of the Company.

         Although the Company does not currently have any revenue generating
activities, the Company intends to build long-term shareholder value by
acquiring and/or investing in and operating strategically positioned companies.


                                     Page 7
<PAGE>

The Company expects to target companies in several industry groups. The targeted
companies are generally expected to have the following characteristics: sales
volume of between $20 million and $250 million; value added manufacturing,
distribution and business services; fragmented industries; experienced
management; and consistent historical financial performance. The Company has yet
to acquire, or enter into an agreement to acquire, any company.

         At this time, Company management is evaluating its investment
alternatives and it has not recommended to the Board of Directors for their
consideration any specific investment opportunities. However, as investment
opportunities present themselves and management completes its due diligence on
such opportunities, the timing and nature of potential investment targets may
accelerate.

         The Company is funding its current operating expenses with cash
retained from the Net Asset Sale and from cash generated by the sale of
additional shares of common stock to Dorman Industries. While it is the
Company's objective to ultimately be able to use the securities of the Company
as a currency in the acquisition of portfolio businesses, it is clear that the
initial acquisitions of portfolio businesses will require the Company to be
infused with capital thereby diluting the Company's shareholders, including
Dorman Industries, to the extent that it does not participate in the capital
infusion.


UNCERTAINTIES RELATING TO FORWARD LOOKING STATEMENTS

         Parts of this Form 10-QSB contain certain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Statements
containing the words "believes," "anticipates," "estimates," "expects,"
"intends," "plans," "seeks," "will," "may," "should," "would," "projects,"
"predicts," "continues," and similar expressions or the negative of these terms
constitute forward-looking statements that involve risks and uncertainties. We
intend such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995, and are including this statement for purposes of
invoking these safe harbor provisions. Such statements are based on current
expectations and are subject to risks, uncertainties and changes in condition,
significance, value and effect, including those discussed in the section
entitled "Risk Factors" contained in our Annual Report on Form 10-KSB for the
fiscal year ended December 31, 2004. Such risks, uncertainties and changes in
condition, significance, value and effect could cause the Company's actual
results to differ materially from those anticipated events. Except as may be
required under federal law, we undertake no obligation to update publicly any
forward-looking statements for any reason, even if new information becomes
available or other events occur.

         Risks and uncertainties may include the following:

            o     The inability of the Company to successfully implement its
                  strategy;

            o     The potential inability of the Company to locate potential
                  businesses and to negotiate the closing of identified
                  businesses so as they become businesses of the Company;

            o     Unforeseen increases in operating expenses;

            o     The inability to attract or retain management, sales and/or
                  engineering talent for any acquired business;


                                     Page 8
<PAGE>

            o     The inability to continue financing the administrative
                  expenses of the Company out of available funds and the
                  inability to raise additional funds to cover any shortfall.


ITEM 3.     CONTROLS AND PROCEDURES

    (a)     Evaluation of disclosure controls and procedures.

                       Our management, with the participation of our principal
            executive officer and principal financial officer, has evaluated the
            effectiveness of the design and operation of our disclosure controls
            and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under
            the Securities Exchange Act of 1934, as amended) as of the end of
            the period covered by this quarterly report. Based on this
            evaluation, our principal executive officer and principal financial
            officer concluded that these disclosure controls and procedures are
            effective and designed to ensure that the information required to be
            disclosed in our reports filed or submitted under the Securities
            Exchange Act of 1934 is recorded, processed, summarized and reported
            within the requisite time periods.

    (b)     Changes in internal controls.

                       There was no change in our internal control over
            financial reporting (as defined in Rules 13a-15(f) and 15d-15(f)
            under the Securities Exchange Act of 1934, as amended) identified in
            connection with the evaluation of our internal control performed
            during our first quarter that has materially affected, or is
            reasonably likely to materially affect, our internal control over
            financial reporting.


                           PART II - OTHER INFORMATION

ITEM 6.    EXHIBITS AND REPORTS ON FORM 8-K

         Exhibits included herewith are set forth on the Index to Exhibits,
which is incorporated herein by reference.


                                   SIGNATURES

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

                                  SANDSTON CORPORATION


May 13, 2005                      /S/ Daniel J. Dorman
--------------------              ----------------------------------------------
Date                              President, CEO and Principal Financial Officer



                                     Page 9
<PAGE>

                                INDEX TO EXHIBITS


Exhibit Number                     Description of Exhibit
--------------                     ----------------------

     31.0         Certification of the Principal Executive Officer and Principal
                  Financial Officer Pursuant to Section 302 of the
                  Sarbanes-Oxley Act of 2002

     32.0         Certification of President, CEO (Principal Executive Officer)
                  and Principal Financial Officer Pursuant to 18 U.S.C. Section
                  1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley
                  Act of 2002



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