SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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, 1999

OR

[ ]  TRANSITION  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE  SECURITIES
     EXCHANGE ACT OF 1934

For the transition period from                   to

Commission file number:   0-17304



                              CNH Holdings Company
                              --------------------
        (Exact name of small business issuer as specified in its charter)

            Nevada                                              11-2867201
            ------                                              ----------
(State or other jurisdiction of                              (I.R.S. employer
 incorporation or organization)                           identification number)

                       P.O. Box 832, Kilgore, Texas 75663
                       ----------------------------------
               (Address of principal executive offices) (Zip Code)



Issuer's telephone number, including area code: (903) 984-6425

Indicate by check mark whether the issuer (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 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

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest  practicable date: As of September 1, 1999, there
were approximately 7,611,415 shares outstanding.

<PAGE>

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements
----------------------------

                      CNH HOLDINGS COMPANY AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS

                                                     June 30,        March 31,
                                                       1999            1999
                                                       ----            ----
ASSETS

Current Assets:
  Cash                                             $   167,113      $     9,309
  Cash (restricted)                                     37,317           19,794
      Total cash                                       204,430           29,103
                                                   -----------      -----------
  Receivables:
     Trade                                             401,519           80,736
     Stock subscription                                    250              535
     Employee advances                                  36,626             --
     Note                                               34,528           34,500
                                                   -----------      -----------
                                                       472,923          115,771
     Less allowance for doubtful accounts               93,356           59,673
                                                   -----------      -----------
                                                       379,567           56,098
                                                   -----------      -----------
        Total current assets                           583,997           85,201
                                                   -----------      -----------
Property, Plant and Equipment
 Land                                                   70,000           70,000
 Oil and gas leasehold costs                           154,937          154,937
 Other equipment                                       373,294          372,019
                                                   -----------      -----------
                                                       598,231          596,956
  Less accumulated depreciation                         69,082           54,350
                                                   -----------      -----------
                                                       529,149          542,606
                                                   -----------      -----------
Other assets:
 Organization costs                                      1,467            1,517
 Deposits                                                3,800            3,650
                                                   -----------      -----------
                                                         5,267            5,167
                                                   -----------      -----------
                     Total Assets                  $ 1,118,413      $   632,974
                                                   ===========      ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
 Current portion of long term debt                 $    43,239      $    42,000
 Notes payable, bank                                   293,597          237,576
 Notes payable, shareholders                            20,000          118,600
 Note payable, other                                    10,000           10,000
 Accounts payable, trade                               420,543          296,149
 Accrued expenses                                       17,059           20,826
  Other payables                                        15,500           15,815
                                                   -----------      -----------
    Total current liabilities                          819,938          740,966
                                                   -----------      -----------

Long term debt:
 Notes payable, bank                                    80,626          105,076
 Note payable-other                                     12,303             --
 Less current portion                                   43,239           42,000
                                                   -----------      -----------
    Total long term debt                                49,690           63,076
                                                   -----------      -----------

Stockholders' Equity (Deficit)
  Preferred Stock, $.01 par value,
    1,000,000 shares authorized,
    200,000 shares issued and
    outstanding                                          2,000            2,000
  Common Stock, $.001 par value,
    10,000,000 shares authorized,
    7,811,774 shares at June 30, 1999
    and 7,259,410 at March 31,
    1999 issued and outstanding                          7,812            7,259
  Additional paid-in capital                         1,133,307          581,495
 Deficit                                              (894,334)        (761,822)
                                                   -----------      -----------
Total Liabilities and
          Stockholders' Equity                     $ 1,118,413      $   632,974
                                                   ===========      ===========

The accompanying notes are an integral part of these statements.
<PAGE>


                      CNH HOLDINGS COMPANY AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS

                                                              Three Months Ended
                                                                    June 30,
                                                                      1999
                                                                      ----


Operating revenues:
 Oil and gas revenues                                              $  72,713
 Overhead income                                                      18,518
 Service income                                                      421,764
 Equipment rental income                                                --
 All other income                                                        544
                                                                   ---------
     Gross revenue                                                   513,539
                                                                   ---------
Operational costs:
 Direct Costs                                                        445,250
 Depreciation, depletion and amortization                             17,819
 Selling, general and administrative                                 175,768
                                                                   ---------

  Total operating costs                                              638,837
                                                                   ---------
     Net loss from operations                                       (125,298)

Other income (expenses)
    Interest income                                                      149
    Sale of assets                                                       775
    Interest expense                                                  (8,138)
                                                                   ---------
    Net income (loss)                                              $(132,512)
                                                                   =========


The accompanying notes are an integral part of these statements.


<PAGE>

                      CNH HOLDINGS COMPANY AND SUBSIDIARIES

                      CONSOLIDATED STATEMENT OF CASH FLOWS

                                                              Three Months Ended
                                                                 June 30, 1999
                                                                 -------------
Cash flows from operating activities:
  Net (loss)                                                       $(132,512)
  Add non-cash items:
    Depreciation, depletion and amortization                          17,819
    Decrease in accounts receivable, net                            (287,100)
    Decrease in stock subscriptions receivable                           285
    (Increase) in employee advances                                  (36,626)
    (Increase) in notes receivable                                       (28)
    Increase in accounts payable                                     124,394
    (Decrease) in other payables                                        (315)
    (Decrease) in accrued expenses                                    (3,767)
     Increase in notes payable - banks                                56,021
    (Decrease in notes payable - shareholders                        (98,600)
    Increase in current portion long-term debt                         1,239
                                                                   ---------
    Net cash flows (used) in operating activities                   (359,190)
                                                                   ---------

Cash flows from investing activities:

Net increase of other equipment                                       (4,312)
Increase in utility deposits                                            (150)
                                                                   ---------
    Net cash flows (used) in investing activities                     (4,462)
                                                                   ---------
Cash flows from financing activities:
 Proceeds from other long term borrowing                              13,317
 Reduction of long term debt                                         (26,703)
Proceeds from sale of common stock                                   552,365
                                                                   ---------
    Net cash flows from financing activities                         538,979
                                                                   ---------
    Net increase in cash                                             175,327
Cash at beginning of period                                           29,103
                                                                   ---------
Cash at end of period                                              $ 204,430
                                                                   =========



The accompanying notes are an integral part of these statements.

<PAGE>
<TABLE>
<CAPTION>


                                   CNH HOLDINGS COMPANY AND SUBSIDIARIES
                                     STATEMENT OF STOCKHOLDERS' EQUITY



                                                                                                Total
                   Preferred    Common  Preferred Stock   Common Stock           Accumulated    Equity
                     Shares     Shares       Amount         Amount      APIC       Deficit     (Deficit)
                     ------     ------       ------         ------      ----       -------     ---------
<S>                  <C>       <C>         <C>               <C>       <C>        <C>          <C>
Balance at
March 31, 1999       200,000   7,259,410   $   2,000         7,259     581,495    (761,822)    (171,068)

Exercise of
   Options              --       617,564        --             553     551,812        --        552,365

Net loss for
  Three months
   Ended June 30        --          --          --            --          --      (132,512)    (132,512)

Balance at
June 30, 1999        200,000   7,811,774       2,000         7,812   1,133,307    (894,334)     248,785
                   =========   =========   =========     =========   =========   =========    =========


The accompanying notes are an integral part of these statements.

</TABLE>
<PAGE>


                      CNH HOLDINGS COMPANY AND SUBSIDIARIES
            CONDENSED FOOTNOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 1999


ORGANIZATION

The Company now operates under three  divisions,  Norm Services Group,  Inc., an
oilfield services operation,  Southport  Environmental and Development,  Inc., a
producing and  exploration  oil and gas company,  and NSG Rentals,  an equipment
leasing company, primarily to the oil and gas industry.

ACCOUNTING PRINCIPLES

Estimates:  The preparation of financial statements in conformity with generally
accepted  accounting  principles  requires  management  to  make  estimates  and
assumptions  that  affects  the  reported  amounts  of assets  and  liabilities,
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements,  and reported  amounts of revenues and expenses during the reporting
periods. Actual results could differ from those estimates.

Cash:  For purposes of the statements of cash flows,  the Company  considers all
highly liquid debt instruments purchased with a maturity of three months or less
and money market funds to be cash equivalents.

Depreciation  and  Depletion:  Depreciable  property,  plant and  equipment  are
depreciated  over their estimated  useful lives using the  straight-line  method
over  estimated  lives  of  three  to  seven  years.  Depletion  of oil  and gas
properties is computed on the units of production method. Organization costs are
amortized evenly over a period of sixty months.

RESTRICTED CASH

One of the Company's  subsidiaries factors its accounts receivable to a bank. As
of June 30, 1999,  $200,000 of accounts  receivable had been factored and a cash
balance had been reserved by the bank in the amount of $37,317.


<PAGE>


ACCOUNTS RECEIVABLE

Various accounts receivable of NORM Services Group, Inc. have been factored to a
financial institution.  As the accounts are factored, it is the Company's policy
to show that  account as having  been  paid.  The  Company  pays a 3% fee to the
financial  institution  as the accounts  are  factored.  In addition,  a reserve
account has been established  whereby 10% of the factored is deposited.  This is
the amount of  restricted  cash as presented on the balance  sheet.  The reserve
account was  established in order to cover any losses which may arise due to non
payment of the account by the customer to the financial institution.  At the end
of every month the financial  institution  evaluates the unpaid invoices and the
balance in the reserve  account in order to determine  the reserve  requirement.
Any excess amount in the reserve  account is then  transferred  to the Company's
general  operating  account.  Should the account have to be repurchased from the
financial institution, it is then restored to accounts receivable.

NOTES PAYABLE

Notes payable to banks  currently  bears interest at rates varying from 8.75% to
10.5% per annum.  The  proceeds  of the notes were used  primarily  for  working
capital purposes. Management expects to renew these notes when they become due.

LONG TERM DEBT

The following is a summary of long term debt:

Note payable to Regions Bank, in the original amount
Of $95,000, payable in monthly installments of $3,553,
including interest at the rate of 9%, secured by equipment            $80,626

Note payable to GMAC, in the original amount of
$13,317, payable in monthly installments of $613,
including interest at the rate of 9.75%, secured by vehicle            12,303
                                                                      -------
                                                                       92,929
Less current portion                                                   43,239
                                                                      -------
                                                                      $49,690
                                                                      =======

The following is a schedule of long term debt maturities:

       06-30-00                           $43,239
       06-30-01                            46,164
       06-30-02                             3,526
                                          -------
                                          $92,929
                                          =======

REPORTABLE SEGMENT DATA

In June 1997,  the  Financial  Accounting  Standards  Board issued  Statement of
Financial  Standards No. 131,  Disclosures  about  Segments of an Enterprise and
Related  Information  (SFAS 131),  which is effective for fiscal years beginning
after December 15, 1997.  SFAS 131 introduces a new model for segment  reporting
called the management approach.  The management approach is based on the way the
chief operating  decision maker  organizes  segments within a company for making
operating decisions and assessing performance.

<PAGE>


SFAS 131  requires  disclosures  for each  segment  that  are  similar  to those
required  under  previous  standards  with the  addition  of  limited  quarterly
disclosure requirements.

There are no differences to the 1998 annual report in the basis of  segmentation
or in the basis of measurement of segment  profit or loss included  therein.  In
addition, there has been no material change in total assets of the segments from
the amounts disclosed in the 1998 annual report. Financial information about the
Company's  operating  segments for the first  quarter of 1999 as required  under
SFAS 131 is as follows:

<TABLE>
<CAPTION>

                           Oil Field    Oil & Gas    Equipment
                           Services     Production    Rentals   Administrative   Total
                           --------     ----------    -------   --------------   -----
<S>                        <C>          <C>          <C>          <C>          <C>
Revenue from external
     Customers             $ 421,764    $  91,775    $       0    $       0    $ 513,539
Interest revenue                 149            0            0            0          149
Interest expense               3,175            0        1,919        3,044        8,138
Depreciation, depletion
     and amortization          9,081        3,150        5,588            0       17,819
Segment profit (loss)        (88,852)        (107)      (8,397)     (35,156)    (132,512)
Expenditures for segment
     assets                    4,312            0            0            0        4,312

</TABLE>

1999 STOCK OPTION PLAN

On January 25, 1999,  the  Company's  Board of Directors  adopted a stock option
plan in which all full time  employees of the Company and its  subsidiaries  are
eligible to participate.  The plan will be administered by the Board,  which may
subsequently  appoint a committee  for this  purpose.  The plan sets aside up to
1,000,000 shares of common stock to cover options to be granted over the term of
the plan. The plan has a ten year term commencing  January 25, 1999. The Company
has filed a  registration  statement  under the act to cover the  shares  issued
under the plan. As of June 30, 1999, 810,000 shares have been granted, of which,
617,564 had been exercised.

Item 2. Management's Discussion and Analysis of Financial Condition
        and Results of Operations
        -----------------------------------------------------------

Introduction:  The following  discussion has been prepared  assuming the Company
will continue as a going  concern;  however,  the audit report for the financial
statements as of and for the periods ended March 31, 1999,  includes a caveat on
this point. In reading the following, one should first consult the audit report,
financial  statements  and  footnotes,  while  keeping  in mind the  significant
operating  losses  generated  by the  Company on a  consolidated  basis with its
subsidiaries.

History:  CNH  Holdings  Company,  a Nevada  corporation  (the  "Company"),  was
incorporated  in  Delaware  on April 15,  1987.  On June 15,  1998,  the Company
entered  into  a   reorganization   agreement  (the  "Southport   Reorganization
Agreement")  with  Southport  Environmental  and  Development,  Inc.,  a  Nevada
corporation  ("Southport  Environmental"  or "SEDI"),  and the  shareholders  of
Southport  Environmental  pursuant  to which  the  Company  acquired  all of the
outstanding  proprietary  interest of Southport  Environmental  and 1/3rd of the
outstanding  proprietary interest of NORM Services,  Group, Inc. ("NORM"),  in a
share for share exchange which  resulted in Southport  Environmental  becoming a
wholly  owned  subsidiary  of  the  Company,  NORM  becoming  a  minority  owned
subsidiary  of the  Company  and the  shareholders  of  Southport  Environmental
acquiring  control of the Company  through  their share  ownership.  The Company
issued  6,000,000  common shares and 200,000 shares of the Class A: 10% Dividend
Bearing  Preferred  Stock  in  the  exchange.  Pursuant  to  the  Reorganization
Agreement,  the existing director and executive officer resigned and the Company
appointed new directors and executive officers.

Southport Environmental was incorporated on June 1, 1998, and is involved in the
exploration for and development of oil and gas properties.

<PAGE>


NORM was originally  formed as a Texas limited liability company on February 26,
1997, and commenced operations in May, 1997. NORM is involved in the remediation
of naturally  occurring  radioactive and waste materials along the gulf coast of
Texas and Louisiana. NORM became a corporation on July 21, 1998.

On August 7, 1998, NORM acquired all of the  partnership  assets and liabilities
of NSG Rentals,  a Texas general  partnership in exchange for common stock.  The
operations  of NSG  Rentals are now a division  of NORM.  NSG Rentals  commenced
operations on March 4, 1998, renting and servicing oil field equipment.

Results of Operations: The Company had no revenues, operating or otherwise, from
1991 through June 30, 1998.  Correspondingly,  all expenses during these periods
were administrative in nature and immaterial in amount. Further, the acquisition
by the  Company  of  Southport  Environmental,  Inc.  (SEDI),  and  1/3rd of the
outstanding  interest of NORM Services Group, LLC,  (subsequently  exchanged for
1/3rd of NORM  Services  Group,  Inc.,  in a tax-free  roll-up of the LLC into a
corporation)  did not occur  until June 15,  1998,  and the  acquisition  by the
Company of the remaining  2/3rds interest in NORM Services Group,  Inc., did not
occur until August 7, 1998.  SEDI and NORM did not have  significant  operations
during the  corresponding  period of the  previous  fiscal year.  No  meaningful
comparison,  therefore,  can be made between the fiscal  period  covered by this
report  and the  corresponding  period of the  previous  fiscal  year.  For this
reason, the financial results for the first quarter of fiscal 1999 have not been
presented.

The primary  revenue  sources for the Company during the first quarter of fiscal
2000 were from oil field services and oil and gas sales.  Operating costs during
the  first  fiscal  quarter  of 2000  primarily  consisted  of  cost  of  sales,
administrative   and  general   expenses   and   depreciation,   depletion   and
amortization.  Operating  costs  during  the first  fiscal  quarter of 1999 were
solely  administrative  in nature.  The  foregoing  resulted  in a net loss from
operations during the first quarter of fiscal 2000.

Management  at present is  devoting  itself to  increasing  gross  revenues  and
reducing  administrative  and general  expenses,  and has implemented  steps and
procedures  to  better  assure  itself  on the  profitability  of  its  services
contracts. There can be no assurance these efforts will be successful.

Liquidity  and Capital  Resources:  The Company had no  liquidity  sources  from
fiscal 1990 through the calendar year ended 1997;  however, a stock subscription
by a consultant  provided a source of liquidity through 1998 and the first three
months of fiscal 1999. All  administrative  matters  through June 15, 1998, were
provided  for by the  executive  officer  of and  attorney  for the  Company  in
exchange  common stock issued to them on May 3, 1996. Cash flows from operations
provided  liquidity to SEDI and NORM for fiscal 1998 and fiscal  1999;  however,
each of these entities  suffered a loss from  operations in each of these years.
NORM has factored various of its accounts receivable to a financial institution,
paying a 3% fee to the financial institution, which requires a reserve where 10%
of the amount factored is deposited so as to cover any collection failures.  The
reserve  account is balanced out at the end of each month. On June 23, 1999, the
Company received approximately $500,000 in equity proceeds. The Company will use
these proceeds in operations.

                           PART II - OTHER INFORMATION

Item 1. Litigation
------------------

No material  legal  proceedings to which the Company (or any officer or director
of the Company, or any affiliate or owner of record or beneficially of more than
five percent of the Common Stock,  to  management's  knowledge) is a party or to
which the  property of the  Company is subject is pending  and no such  material
proceeding is known by management of the Company to be contemplated.

Item 2. Change in Securities
----------------------------

This item is not  applicable  to the  Company  for the  period  covered  by this
report.

Item 3. Defaults Upon Senior Securities
---------------------------------------

This item is not  applicable  to the  Company  for the  period  covered  by this
report.

Item 4. Submission of Matters to a Vote of Security Holders
-----------------------------------------------------------

There were no  meetings of security  holders  during the period  covered by this
report; thus, this item is not applicable.

<PAGE>



Item 5. Other Information
-------------------------

There is no additional information which the Company is electing to report under
this item at this time.

Item 6. Exhibits and Reports on Form 8-K
----------------------------------------

This item is not  applicable  to the  Company  for the  period  covered  by this
report.


                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  registrant  has duly  caused  this report to be signed on its
behalf by the undersigned,  thereunto duly authorized this 1st day of September,
1999.

CNH Holdings Company (Registrant)


By: /s/ Larry V. Tate
---------------------
Larry V. Tate, Chief Executive Officer



By: /s/ Helen Wallace
---------------------
Helen Wallace, Chief Financial
and Accounting Officer
and Treasurer

*   *   *   *   *  *  *