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 September 30, 1999

               Commission File Number:  33-23473-NY


                          VESTEX, INC.
         ----------------------------------------------
         (Name of Small Business Issuer in its Charter)

              New York                       11-52917728
     --------------------------------     ----------------
     (State or other jurisdiction of      (I.R.S. Employer
      incorporation or organization)     Identification No.)

         7 OLD LANTERN ROAD, NORWALK, CONNECTICUT 06851
         ----------------------------------------------
            (Address of principal executive offices)

  Issuer's telephone number, including area code:  (203) 846-4981


      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 during the past 90 days. Yes (x) No ( ).
<PAGE>


APPLICABLE ONLY TO CORPORATE ISSUERS

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

As of March 15, 2000, 120,000,000 shares of common stock were outstanding.

Transitional Small Business Disclosure Format
(Check one): Yes ( ) No (X)

                              PAGE 2
<PAGE>


                            VESTEX, INC.

                         TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

  Condensed Balance Sheets December 31, 1998 and
    September 30, 1999..............................................4

  Condensed Statements of Operations for the
   Nine Months Ended September 30, 1999 and 1998....................5

  Condensed Statements of Cash Flows for the
   Nine Months Ended September 30, 1999 and 1998....................6

  Condensed Statements of Stockholder's Equity (Deficit)
   for the Nine Months Ended September 30, 1999 and
   January 1, 1998 through December 31, 1998........................7

  Notes to Condensed Financial Statements...........................8

Item 2.  Management's Discussion And Analysis Of
         Financial Condition And Results Of Operations..............8

                              PAGE 3
<PAGE>


                            VESTEX, INC.

                   (A DEVELOPMENT STAGE COMPANY)
                           BALANCE SHEETS
              SEPTEMBER 30, 1999 AND DECEMBER 31, 1998
                            (Unaudited)

<TABLE>
<CAPTION>
                              ASSETS

                                            September 30,    December 31,
                                                1999             1998
                                            ------------     ------------
<S>                                         <C>              <C>
CURRENT ASSETS:
     Cash                                   $          -     $          -
                                            ------------     ------------
          Total Current Assets                         -                -
                                            ------------     ------------
TOTAL ASSETS                                $          -     $          -
                                            ============     ============

            LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)

CURRENT LIABILITIES:
 Accounts payable                           $     10,300     $     10,300
 Shareholder loan                                      -                -
                                            ------------     ------------
      Total Current Liabilities                   10,300           10,300
                                            ------------     ------------
STOCKHOLDERS' EQUITY/(DEFICIT):
 Capital stock, $.001 par value;
  120,000,000 shares authorized; 80,000,000
  shares issued and outstanding                   80,000           80,000
 Additional paid-in capital                      420,167          420,167
 Retained earnings (deficit)                    (500,167)        (500,167)
 Deficit accumulated during the
  development stage                              (10,300)         (10,300)
                                            ------------     ------------
      Total Stockholders' Equity(Deficit)        (10,300)         (10,300)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  $          -     $          -
                                            ============     ============
</TABLE>
                              PAGE 4
<PAGE>


                            VESTEX, INC.

                   (A DEVELOPMENT STAGE COMPANY)
                      STATEMENTS OF OPERATIONS
                            (Unaudited)

<TABLE>
<CAPTION>
                                               For the          For the
                                             Nine Months      Nine Months
                                                Ended            Ended
                                            September 30,    September 30,
                                                1999             1998
                                            ------------     ------------
<S>                                         <C>              <C>
SALES                                       $          -     $          -
                                            ------------     ------------
EXPENSES:
     General and administrative                        -                -
     Depreciation and amortization                     -                -
                                            ------------     ------------
TOTAL OPERATING EXPENSES                               -                -
                                            ------------     ------------
Net (loss) before other items                          -                -

OTHER INCOME (EXPENSE)
     Interest expense                                  -                -
                                            ------------     ------------
NET (LOSS) BEFORE TAXES                                -                -

PROVISIONS FOR INCOME TAXES                            -                -
                                            ------------     ------------
NET (LOSS)                                  $          -     $          -
                                            ============     ============
EARNINGS (LOSS) PER SHARE                   $          -     $          -
                                            ============     ============
WEIGHTED AVERAGE SHARES OUTSTANDING           80,000,000       80,000,000
                                            ============     ============

</TABLE>
                              PAGE 5
<PAGE>


                            VESTEX, INC.

                    (A DEVELOPMENT STAGE COMPANY)
                      STATEMENTS OF CASH FLOWS
                            (Unaudited)

<TABLE>
<CAPTION>

                                                 For the         For the        For the        For the
                                               Nine Months     Nine Months   Three Months   Three Months
                                                  Ended           Ended          Ended         Ended
                                               September 30,  September 30,  September 30,  September 30,
                                                   1999           1998           1999           1998
                                               -------------  -------------  -------------  -------------
<S>                                            <C>            <C>            <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                     $           -  $           -  $           -  $           -
  Adjustments to reconcile net loss to
   net cash used in operating activities:
    Depreciation and amortization                          -              -              -              -
    Changes in assets and liabilities:
      Increase in accounts payable and
        accrued liabilities                                -              -              -              -
      Increase in advances from shareholder                -              -              -              -
                                               -------------  -------------  -------------  -------------
      Net cash used in operating activities                -              -              -              -
                                               -------------  -------------  -------------  -------------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchase of property and equipment                       -              -              -              -
                                               -------------  -------------  -------------  -------------
      Net cash used in investing activities                -              -              -              -
                                               -------------  -------------  -------------  -------------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from issuance of common stock, net              -              -              -              -
                                               -------------  -------------  -------------  -------------
      Net cash provided by financing activities            -              -              -              -
                                               -------------  -------------  -------------  -------------
      Net Increase (decrease) in Cash                      -              -              -              -

CASH AT BEGINNING PERIOD                                   -              -              -              -
                                               -------------  -------------  -------------  -------------
CASH AT END OF PERIOD                          $           -  $           - $            -  $           -
                                               =============  ============= ==============  =============
SUPPLEMENTAL CASH FLOW INFORMATION:
  Interest expense                             $           -  $           - $            -  $           -
                                               =============  ============= ==============  =============

</TABLE>
                              PAGE 6
<PAGE>


                            VESTEX, INC.

                   (A DEVELOPMENT STAGE COMPANY)
            STATEMENTS OF STOCKHOLDERS' EQUITY/(DEFICIT)

             FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1999
            AND JANUARY 1, 1998 THROUGH DECEMBER 31, 1998
                             (Unaudited)
<TABLE>
<CAPTION>
                                                                                               Deficit
                                         Capital Stock           Additional    Retained      Accumulated
                                   ---------------------------    Paid-in      Earnings/     Development
                                      Shares         Amount       Capital       (Loss)          Stage          Total
                                   ----------      -----------   ----------   -----------   -------------   -----------
<S>                                <C>             <C>           <C>          <C>           <C>             <C>
BALANCE, January 1, 1998           80,000,000      $    80,000   $  420,167   $  (500,167)  $      (9,300)    $  (9,300)

Net loss for the year ended
  December 31, 1998                         -                -            -             -          (1,000)       (1,000)
                                   ----------      -----------   ----------   -----------   -------------   -----------
BALANCE, December 31, 1998         80,000,000           80,000      420,167      (500,167)        (10,300)      (10,300)

Net income/(loss) for the Nine
  months ended September 30, 1999           -                -            -             -               -             -
                                   ----------      -----------   ----------   -----------   -------------   -----------
BALANCE, September 30, 1999        80,000,000      $    80,000   $  420,167   $  (500,167)  $     (10,300)  $   (10,300)
                                   ==========      ===========   ==========   ===========   =============   ===========
</TABLE>
                              PAGE 7
<PAGE>



                            VESTEX, INC.

               NOTES TO CONDENSED FINANCIAL STATEMENTS
                           September 30, 1999

                              (UNAUDITED)

1.	The unaudited condensed financial statements printed herein have
been prepared in accordance with the instructions to Form 10-QSB and do
not include all of the information and disclosures required by generally
accepted accounting principles.  Therefore, these financial statements
should be read in conjunction with the financial statements and related
footnotes included in the Company's Form 1O-KSB for the most recent year
end. These financial statements reflect all adjustments that are, in the
opinion of management, necessary to fairly state the results for the
interim periods reported.

2.	The results of operations for the nine months ended
September 30, 1999 are not necessarily indicative of the results to be
expected for the full year.


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

INTRODUCTION

The character and holdings of the Company has changed substantially since the
last Form 10-Q filed.  Since February 26, 1992 when the Company ceased its
previous operations, the Company has been in a dormant state and re-entered the
development stage seeking to find a new business activity that would yield
profitable operations for the Company.

The Company's plan is to seek, investigate and acquire an interest in one or
more business opportunities that the company believes has potential for
successful development.

The readers of the current unaudited statements are referred to the company's
Annual Report for a more in-depth view of the Company's financial position,
results of operations and changes in cash flows.  Accordingly, management's
discussion as set forth below focuses primarily on the quarter ended September
30, 1999.
<PAGE>


LIQUIDITY

During the Nine  months ended September 30, 1999, the Company's working capital
remained unchanged.  This was due to the ceasing of operations on February 26,
1992, whereby; the Company has been dormant since re-entering the development
stage.  The Company doe not currently have sufficient capital in its accounts,
nor sufficient firm commitments for capital to assure its ability to meet its
current obligations or to continue its planned operations.  The Company is
continuing to pursue working capital and additional revenue through the seeking
of a new business activity for the Company, but there is no assurance that any
of the planned activities will be successful.  The Company is currently
borrowing certain moneys to maintain its activities from the officers,
directors and shareholders of the Company to meet its obligations.

CAPITAL RESOURCES

As a result of its limited liquidity, the Company has limited access to
additional capital resources.  The Company does not have the capital to totally
fund the obligations that have matured or debts that remain currently payable
or other debts incurred, or that will be incurred to maintain operations.

Certain officers, directors and shareholders have committed to lending any
moneys needed to continue operations until a new business opportunity is
obtained.

The officers, directors and shareholders have limited capital that they can
lend to the Company to meet its current obligations and fund any operating
losses.  The management of the Company is seeking additional private
financing from certain outside parties to continue to pursue any future
business activities of the Company.  Though the obtaining of the additional
capital is not guaranteed, the management of the Company believes it will be
able to obtain the capital required to meet its current obligations and
pursue any future business activities.

OPERATIONS

Since February 26, 1992 when the Company ceased operations, the Company has
been in the development stage and is seeking to acquire an interest in a
business opportunity that will provide the Company profitable operations.
Until such an activity is identified and acquired that will yield revenues
needed from its operations to meet its obligations, the Company will be
dependent upon sources other than operating revenues to meet its operating
and capital needs.  Operating revenues may never satisfy these needs.

The Company believes it will obtain a new business activity to generate the
revenues needed to continue its business plans.  Until then, the Company will
need additional capital other than that provided through its operations.
<PAGE>


YEAR 2000 COMPUTER PROBLEM

The Year 2000, or Y2K, problem concerns potential failure of certain
computer software to correctly process information because of the
software's inability to calculate dates.  As the Company is service dormant,
the Company does not depend on inventory or the sale of goods
and does not anticipate any Y2K problems.  The Company's computer
system is an outside based PC system and had been updated with the latest
software.  Additionally, the Company had all of its material saved on
alternative media from that of the PC's hard drives in case of a
computer problem.

Even though the Company is in the Year 2000, speculation has
been made that other problems could occur during the year.
However, based on the above, the Company does not expect to have
any Y2K problems.

FORWARD-LOOKING STATEMENTS

The statements in this Form 10-QSB that are not historical facts or
statements of current status are forward-looking statements (as
defined in the Private Securities Litigation Reform Act of 1995)
that involve risks and uncertainties. Actual results may differ
materially.

SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act,
the registrant has duly caused this report to be signed by the
undersigned, "hereunto duly authorized".

Vestex, Inc.
(Registrant)

/s/ C.T. YEH                           April 17, 2000
	C.T. Yeh                             Date
	President/Director

/s/ IVAN WONG                          April 17, 2000
	Ivan Wong                            Date
	Secretary/Director