U.S. 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 fiscal quarter ended           March 31, 2003
                                                    --------------

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

             Commission file number                0-17580
                                                   -------

                              SYNERGX SYSTEMS INC.
                          (formerly, Firetector, Inc.)
        (Exact name of small business issuer as specified in its charter)

               Delaware                                  11-2941299
---------------------------------------             -----------------------
(State or jurisdiction of incorporation or        (IRS employer identification
organization)                                            Number)


                  209 Lafayette Drive, Syosset, New York 11791
               (Address of Principal Executive Offices) (Zip code)


                                 (516) 433-4700
                           (Issuer's telephone number)

Check  whether  the issuer  (1) has filed all  reports  required  to be filed by
Section 13 or 15(d) of the Exchange  Act during the  preceding 12 months (or for
such shorter period that registrant was required to file such reports),  and (2)
has been subject to such filing  requirements for the past 90 days.
Yes[ X ] No[  ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: As of May 13, 2003, 1,874,425 shares
of Registrant's Common Stock were issued and outstanding.

Transitional Small Business Disclosure Format (check one)  Yes[    ]    No[ X ]
<PAGE>


                                      INDEX


Part I - Financial Information (unaudited)                                 Page

  Item 1.  Financial Statements.

  Condensed Consolidated Balance Sheet at March 31, 2003

  Condensed Consolidated Statements of Operations for the Three Month
       Periods Ended March 31, 2003 and 2002

  Condensed Consolidated Statements of Operations for the Six Month
       Periods Ended March 31, 2003 and 2002

 Condensed Consolidated Statements of Cash Flows for the Six Month
       Periods Ended March 31, 2003 and 2002

  Notes to Condensed Consolidated Financial Statements

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

  Item 3.   Controls and Procedures

Part II - Other Information

  Item 1.  Legal Proceedings.

  Item 2.  Changes in Securities.

  Item 3.  Defaults Upon Senior Securities.

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

  Item 5.  Other Information.

  Item 6.  Exhibits and Reports on Form 8-K

  Signatures


<PAGE>
                         Part I - FINANCIAL INFORMATION

                      SYNERGX SYSTEMS INC. AND SUBSIDIARIES

                      CONDENSED CONSOLIDATED BALANCE SHEET
                                   (Unaudited)



                                                                       March 31,
                                                                         2003
                                                                     -----------
ASSETS

CURRENT ASSETS
  Cash and cash equivalents                                          $  222,125
  Accounts receivable, principally trade, less allowance
     for doubtful accounts of $421,405                                4,362,737
  Inventories                                                         2,886,545
  Deferred taxes                                                        335,800
  Prepaid expenses and other current assets                             640,615
                                                                     -----------
    TOTAL CURRENT ASSETS                                              8,447,822
                                                                     -----------


PROPERTY AND EQUIPMENT -at cost, less
   accumulated depreciation and amortization of $1,313,942              400,966

OTHER ASSETS                                                            164,368

                                                                     -----------
    TOTAL ASSETS                                                     $9,013,156
                                                                     ===========

See accompanying Notes to the Condensed Consolidated Financial Statements
<PAGE>
                      SYNERGX SYSTEMS INC. AND SUBSIDIARIES

                      CONDENSED CONSOLIDATED BALANCE SHEET
                                   (Unaudited)


<TABLE>
<CAPTION>
                                                                                     March 31,
                                                                                       2003
                                                                                   -------------
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

<S>                                                                                <C>
   Notes payable - principally to related party                                    $   63,672
   Accounts payable and accrued expenses                                            2,723,549
   Deferred revenue                                                                   417,955
   Current portion of capital lease obligations                                        21,877
                                                                                   -----------
    TOTAL CURRENT LIABILITIES                                                       3,227,053


   Note payable to bank                                                               884,503
   Notes payable - principally to related party, less current portion                  38,623
   Capital lease obligations, less current portion                                     33,380
   Deferred taxes                                                                      11,600
                                                                                   -----------
    TOTAL LIABILITIES                                                               4,195,159
COMMITMENTS AND CONTINGENCIES                                                      -----------

STOCKHOLDERS' EQUITY

  Preferred stock, 2,000,000 shares authorized-
     none issued and outstanding
  Common stock, 10,000,000 shares authorized, $.001
     par value; issued and outstanding 1,874,425 shares                                 1,874
  Capital in excess of par                                                          5,523,063
  Accumulated Deficit                                                                (706,940)
                                                                                   -----------
TOTAL STOCKHOLDERS' EQUITY                                                          4,817,997
                                                                                   -----------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                         $9,013,156
                                                                                   ===========
</TABLE>

See accompanying Notes to the Condensed Consolidated Financial Statements

<PAGE>
                      SYNERGX SYSTEMS INC. AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                          For the  Three Months Ended March 31,
                                                            2003                           2002
                                                         -----------                    -----------
<S>                                                      <C>                            <C>
Product sales                                            $3,513,724                     $2,095,118
Subcontract sales                                           172,284                        400,979
Service revenue                                           1,102,756                      1,152,740
                                                         -----------                    -----------
Total revenues                                            4,788,764                      3,648,837
                                                         -----------                    -----------


Cost of product sales                                     2,271,933                      1,299,996
Cost of subcontract sales                                   145,194                        331,578
Cost of service                                             782,136                        825,042
Selling, general and administrative                       1,406,716                      1,321,101
Interest expense                                             17,274                         25,970
Depreciation and amortization                                42,896                         44,142
                                                         -----------                    -----------
                                                          4,666,149                      3,847,829
                                                         -----------                    -----------
Income (loss) before provision for (benefit from)
  income taxes                                              122,615                       (198,992)
                                                         -----------                    -----------
Provsion for (benefit from) income taxes:
   Current                                                   64,000                        (51,000)
   Deferred                                                  (3,000)                       (28,000)
                                                         -----------                    -----------
                                                             61,000                        (79,000)

                                                         -----------                    -----------
Net Income (loss)                                            61,615                       (119,992)
                                                         ===========                    ===========
Earnings per common share
  Basic earnings (loss) per share                             $0.03                         ($0.07)
                                                              =====                          =====
  Diluted earnings (loss) per share                           $0.03                         ($0.07)
                                                              =====                          =====

Weighted average number of common shares outstanding      1,874,425                      1,704,425

Weighted average number of common and dilutive
  common shares outstanding                               2,125,392                      1,704,425
</TABLE>


See accompanying Notes to the Condensed Consolidated Financial Statements
<PAGE>

                      SYNERGX SYSTEMS INC. AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                   For the Six Months Ended March 31,
                                                                                   2003                           2002
                                                                                -----------                    -----------
<S>                                                                             <C>                            <C>
Product sales                                                                   $6,805,029                     $4,283,034
Subcontract sales                                                                  443,183                        635,402
Service revenue                                                                  2,178,071                      2,269,132
                                                                                -----------                    -----------
Total revenues                                                                   9,426,283                      7,187,568
                                                                                -----------                    -----------


Cost of product sales                                                            4,535,416                      3,023,742
Cost of subcontract sales                                                          355,708                        518,391
Cost of service                                                                  1,509,897                      1,626,247
Selling, general and administrative                                              2,735,859                      2,553,875
Interest expense                                                                    27,392                         48,888
Depreciation and amortization                                                       87,574                         87,012

                                                                                -----------                    -----------
                                                                                 9,251,846                      7,858,155
                                                                                -----------                    -----------
Income (loss) before provision for
  (benefit from) income taxes                                                      174,437                       (670,587)
                                                                                -----------                    -----------
Provision for (benefit from) income taxes:
   Current                                                                          88,000                       (195,000)
   Deferred                                                                          3,000                        (75,000)
                                                                                -----------                    -----------
                                                                                    91,000                       (270,000)

                                                                                -----------                    -----------
Net Income (Loss)                                                               $   83,437                     $ (400,587)
                                                                                ===========                    ===========
Earnings Per Common Share
  Basic Earnings (Loss) Per Share                                                    $0.04                         ($0.24)
                                                                                     =====                          =====
  Diluted Earnings (Loss) Per Share                                                  $0.04                         ($0.24)
                                                                                     =====                          =====

Weighted average number of common shares outstanding                             1,874,425                      1,704,425

Weighted average number of common and dilutive
   common shares outstanding                                                     2,057,633                      1,704,425
</TABLE>


See accompanying Notes to the Condensed Consolidated Financial Statements

<PAGE>
                SYNERGX SYSTEMS INC. AND SUBSIDIARIES

           CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                             (Unaudited)
<TABLE>
<CAPTION>
                                                                                   For the Six Months Ended March 31,
                                                                                   2003                           2002
                                                                                ----------                     ----------
OPERATING ACTIVITIES
<S>                                                                             <C>                            <C>
Net income (loss)                                                               $  83,437                      $(400,587)
 Adjustments to reconcile net income (loss) to net cash
     provided by (used in) operating activities:
         Depreciation and amortization                                             87,574                         87,012
         Deferred tax                                                               3,000                        (75,000)
         Provision for doubtful accounts                                          (17,483)                         7,898
  Changes in operating assets and liabilities:
  Accounts receivable                                                             684,366                      1,214,905
  Inventories                                                                    (449,349)                      (250,968)
  Prepaid expenses and other current assets                                      (246,335)                      (362,729)
  Other assets                                                                    (24,600)                        (7,492)
  Accounts payable and accrued expenses                                            65,048                       (572,126)
  Deferred revenue                                                                (27,885)                        45,655
                                                                                ----------                     ----------
NET CASH  PROVIDED BY (USED IN) OPERATING ACTIVITIES                              157,773                       (313,432)
                                                                                ----------                     ----------
INVESTING ACTIVITIES
  Purchases of property and equipment                                            (102,013)                       (36,479)
                                                                                ----------                     ----------
NET CASH USED IN INVESTING ACTIVITIES                                            (102,013)                       (36,479)
                                                                                ----------                     ----------
FINANCING ACTIVITIES

  Principal payments on revolving line of credit, long-term
    debt, notes payable and capital lease obligations                             (80,362)                       (92,620)
  Proceeds from revolving line of credit and notes payable                         46,526                        368,439
                                                                                ----------                     ----------
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES                               (33,836)                       275,819
                                                                                ----------                     ----------

NET  INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                              21,924                        (74,092)

Cash and cash equivalents at beginning of period                                  200,201                        298,420
                                                                                ----------                     ----------
Cash and cash equivalents at end of period                                      $ 222,125                      $ 224,328
                                                                                ==========                     ==========
SUPPLEMENTAL CASH FLOW INFORMATION:

Cash paid during the period for:
     Income taxes                                                                  15,158                        150,154
     Interest                                                                      29,421                         48,887
</TABLE>

SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:

During the months ended March 31, 2003 and 2002, the Company incurred no capital
lease obligations for the acquisition of equipment.

See accompanying Notes to the Condensed Consolidated Financial Statements

<PAGE>

                      SYNERGX SYSTEMS INC. AND SUBSIDIARIES

            NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

                         SIX MONTHS ENDED MARCH 31, 2003

                                   (UNAUDITED)

1. BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in accordance
with accounting  principles  generally  accepted in the United States of America
for interim financial information.  Accordingly,  they do not include all of the
information and footnotes required by accounting  principles  generally accepted
in the United  States of  America  for  complete  financial  statements.  In the
opinion of management, all adjustments (consisting of normal recurring accruals)
considered  necessary in order to make the financial  statements  not misleading
have been  included.  Results for the three and six months  ended March 31, 2003
are not  necessarily  indicative  of the results  that may be  expected  for the
fiscal year ending  September 30, 2003.  For further  information,  refer to the
consolidated  financial  statements  and footnotes  thereto  included in Synergx
Systems  Inc.  (formerly  Firetector  Inc.)  ("Synergx"  or "the  Company")  and
Subsidiaries'  annual  report on Form  10-KSB for the year ended  September  30,
2002.

At the annual  meeting of  Firetector  Inc  stockholders  held on May 22,  2002,
stockholders voted to amend the Company's Certificate of Incorporation to change
Firetector's name to SYNERGX SYSTEMS INC.

2. REVENUE RECOGNITION

Product sales include sale of systems, which are similar in nature, that involve
fire alarm,  life safety and security (CCTV and card access),  transit (on board
systems) and  communication  (paging,  announcement and  audio/visual).  Product
sales  represent  sales of  product  along  with the  integration  of  technical
services at a fixed price under a contract with an electrical  contractor or end
user customer or customer  agent.  Product sales are allocated  using a constant
gross profit  percentage over the entire  contract,  and  recognized,  using the
percentage-of-completion   method  of   accounting.   The  Company   utilizes  a
units-of-work  performed method to measure  progress  towards  completion of the
contract.  The  effects  of  changes  in  contract  terms are  reflected  in the
accounting period in which they become known. Contract terms provide for billing
schedules  that  differ  from  revenue  recognition  and give  rise to costs and
estimated  profits in excess of  billings,  and  billings in excess of costs and
estimated  profits.  Costs and  estimated  profits in excess of billing were not
material  at  March  31,  2003  and 2002 and  have  been  included  in  accounts
receivable.  There was no  billing in excess of costs and  estimated  profits at
March 31, 2003 and 2002.


Subcontract   sales  principally   represents   revenue  related  to  electrical
installation  of wiring and piping  performed by others for the Company when the
Company  acts  as the  prime  contractor  and  sells  its  products  along  with
electrical  installation.  Subcontract  revenue  is also  recognized  during the
entire  project  using  the  percentage-of-completion  method of  accounting  as
electrical installation is performed at the job site.

Service  revenue  from  separate  maintenance   contracts  is  recognized  on  a
straight-line  basis  over  the  terms  of the  respective  contract,  which  is
generally one year. Non-contract service revenue is recognized when services are
performed.

<PAGE>



                      SYNERGX SYSTEMS INC. AND SUBSIDIARIES

      NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - Continued

                         SIX MONTHS ENDED MARCH 31, 2003

                                   (UNAUDITED)


3. INVENTORY

Inventories are priced at the lower of cost (first-in,  first-out) or market and
consist primarily of raw materials.

4. LONG TERM DEBT

The  Company has a revolving  Credit  Facility  with  Citizens  Business  Credit
Company of Boston, Massachussetts,  (the "Credit Facility"). The Credit Facility
provides for a  $3,000,000  revolving  line of credit which  expires in December
2004.  The Credit  Facility  provides for interest at prime rate (4.25% at March
31, 2003) plus 1/4% on  outstanding  balances.  At March 31, 2003,  $884,503 was
outstanding under this facility. Advances under the Credit Facility are measured
against a borrowing base calculated on eligible  receivables and inventory.  The
Credit  Facility  is secured by all of the assets of the  Company and all of its
operating subsidiaries.

The Credit Facility includes certain  restrictive  covenants,  which among other
things impose  limitations on declaring or paying  dividends,  acquisitions  and
capital expenditures. The Company is also required to maintain certain financial
ratios.  Citizens Business Credit Company of Boston had modified the requirement
of one of the ratios.  At March 31, 2003,  the Company was not in default of any
of its covenants as a result of this modification.

5. RECLASSIFICATIONS

Certain accounts in the prior year financial  statements have been  reclassified
for  comparative  purposes to conform with the  presentation in the current year
financial  statements.  These  reclassifications  have no effect  on  previously
reported income.

<PAGE>
                      SYNERGX SYSTEMS INC. AND SUBSIDIARIES

      NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - Continued

                         SIX MONTHS ENDED MARCH 31, 2003

                                   (UNAUDITED)

6. EARNINGS (LOSS) PER SHARE

The Financial  Accounting Standards Board ("FASB") issued Statement of Financial
Accounting  Standards  ("SFAS")  No. 128  "Earnings  Per Share"  which  requires
companies to report basic and diluted  earnings per share ("EPS")  computations.
Basic EPS excludes dilution and is based on the  weighted-average  common shares
outstanding  and diluted EPS gives  effect to potential  dilution of  securities
that could  share in the  earnings of the  Company.  Diluted  EPS  reflects  the
assumed issuance of shares with respect to the Company's employee stock options,
non-employee stock options and warrants.
<TABLE>
<CAPTION>

                                              Three Months ended March 31,            Six Months ended March 31,
Basic EPS Computation                          2003                2002                 2003              2002
                                           -------------------------------          -----------------------------
<S>                                       <C>                 <C>                  <C>               <C>
 Net Income (Loss) available to common
  stockholders                            $   61,615          $ (119,992)          $   83,437        $ (400,587)
 Weighted average outstanding shares       1,874,425           1,704,425            1,874,425         1,704,425
   Basic EPS (Loss)                             $.03               $(.07)                $.04             $(.24)
                                                ====               ======                ====             ======



Diluted EPS Computation                       Three Months ended March 31,            Six Months ended March 31,
                                               2003                2002                 2003              2002
                                           -------------------------------          -----------------------------
 Net Income (Loss) available to common
  stockholders                            $   61,615          $ (119,992)          $   83,437        $ (400,587)
                                          ==========          ===========          ==========        ===========

 Weighted-average shares                   1,874,425           1,704,425            1,874,425         1,704,425
                                          -----------         -----------          -----------       -----------
  Plus:  Incremental shares from
          assumed conversions

       Employee Stock Options*                48,067                                   37,064
       Warrants*                             202,900                                  146,144
                                             --------                                 -------

    Dilutive potential common shares         250,967              N/A                 183,208             N/A
                                             --------         -----------             -------             ---
    Adjusted weighted average shares       2,125,392           1,704,425            2,057,633         1,704,425
                                           ----------         -----------           ----------        ---------

    Diluted EPS (Loss)                          $.03               $(.07)                $.04             $(.24)
                                                ====               ======                ====             ======
</TABLE>

*Warrants  and  options  (for  310,000  and  103,458  shares  of  common  stock,
respectively)  were  antidilutive for the three and six month period ended March
31, 2002 and therefore not included in the above calculation.
<PAGE>

                      SYNERGX SYSTEMS INC. AND SUBSIDIARIES

      NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - Continued

                         SIX MONTHS ENDED MARCH 31, 2003

                                   (UNAUDITED)

7. OTHER EVENTS

In January 2003,  the Company  signed two letters of intent to acquire  minority
interest in two technology limited partnerships in partnership with Nafund Inc.,
a Toronto based private equity fund ("Nafund").  Certain terms in the letters of
intent  (including the warrant exercise price) have been  subsequently  modified
and are reflected in the information below.

Nafund and Avante Security Inc. ("Avante") are finalizing the organization of an
Ontario limited  partnership  known as Secure 724 L.P.  ("Secure LP") to exploit
the Secure 7-24  technology  solution.  Avante is a Canadian  corporation  which
designs, develops and installs security systems and devices in Canada. Utilizing
the wireless technology of the BlackBerry(TM) wireless handheld system developed
by Research in Motion (RIM), Avante has developed the Secure 7-24 solution.  The
Secure 7-24 solution uses wireless  technology to transmit  alarm and other data
from a secured site to the Avante  Command  Centre and to multiple RIM pagers or
cellular phones.  Applications  include  transit,  security  response  vehicles,
corporate   facilities   management,   manufacturing,    distribution,   secured
neighborhoods and residential owners.

The Company (through a special purpose Nova Scotia subsidiary) would acquire 25%
of Secure LP's equity from Nafund in exchange  for (a) 225,000  shares of Common
Stock; (b) warrants to purchase 25,000 shares of Common Stock at $2.30 per share
for 24 months;  and (c) agreeing to provide  secured loans of up to  Cdn$300,000
(which was approximately  $210,000 U.S. at March 31, 2003) to Secure LP pro rata
with  equity/loans  to be  provided  by Nafund and tied to  certain  development
milestones. Either the Company and/or Nafund can elect not to provide all or any
part of the above funding  (regardless  of whether the milestones are attained).
If  milestones  are attained and either the Company  and/or Nafund elects not to
provide all or part of the above funding it would have its equity  reduced based
on a formula. If Nafund elects not to provide any of its required funding and/or
Secure LP goes into bankruptcy, liquidates or otherwise ceases operation, Nafund
will return to the Company  50,000  shares of Common Stock  ($90,000) and 50% of
Nafund's residual equity in Secure LP.

Nafund  is  organizing  Re:Port  Business  Solution  ("Re:Port").  Re:Port  is a
provider of software to the  independent  international  investment  counseling,
portfolio  management  and  brokerage  community.  Located in Toronto,  Ontario,
Re:Port  software links external or outsourced  trading,  custodian,  broker and
bank  systems to  internal  diverse  security  and asset  management  system and
contact  information  systems and electronic filing and  documentation  systems.
Utilizing the software and systems it has developed which are scaleable and able
to provide  cost-effective  solutions,  Re:Port and Nafund  will  organize a new
entity to offer the types of back  office  services  that have  previously  been
available only to the largest investment counselors and money managers.  Re:Port
would secure a contract to provide such services to a Toronto  based  investment
management firm which will hold equity in Re:Port. One of Synergx's Directors is
the principal in Re:Port. Synergx would acquire 25% of the Class B Participating
Units (Class B Participating  Units will receive  distributions of all free cash
flow after the Class A Units have been  redeemed)  in  exchange  for (i) 175,000
shares of Common  Stock and (ii)  warrants to purchase  25,000  shares of Common
Stock at $2.30 per share for 24 months.

<PAGE>


                      SYNERGX SYSTEMS INC. AND SUBSIDIARIES

      NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - Continued

                         SIX MONTHS ENDED MARCH 31, 2003

                                   (UNAUDITED)

7. OTHER EVENTS

The Company's  stockholders  approved both of these  transactions  at the Annual
Meeting of Stockholders  held on March 26, 2003. The transactions were submitted
to the Annual Meeting of Stockholders  inasmuch as two Directors of the Company,
Messrs.  Litwin  and  Dalrymple  are  Directors  of  Nafund.  Mr.  Litwin is the
President and is negotiating to acquire the equity of Nafund.  Mr.  Dalrymple is
the principal of NSC Holdings,  a Toronto based  financial  services  group that
would have a  significant  interest  in and  manage  Re:Port.  Messr  Litwin and
Dalrymple have recused  themselves  from the vote by the Board of Directors that
approved these transactions.

There can be no assurance that the investments  described immediately above will
be consummated or that said  investments will prove to be profitable to Synergx.
The  Re:Port  transaction  is  subject  to  the  completion  of a due  diligence
investigation  and the  negotiation  and execution of  definitive  documentation
satisfactory to Synergx;  until said investigation and definitive  documentation
is completed and  executed,  Synergx's  Board of Directors  retains the right to
withdraw from the transaction.

8. NEW ACCOUNTING PRONOUNCEMENT

On December 31, 2002, the FASB issued SFAS No. 148 ("SFAS 148"),  Accounting for
Stock-Based Compensation-Transition and Disclosure. SFAS 148 amends SFAS No. 123
("SFAS  123"),   Accounting  for  Stock  -Based  Compensation,   to  provide  an
alternative  method of  transition to SFAS 123's fair value method of accounting
for  stock-based  employee  compensation.  SFAS 148 also  amends the  disclosure
provisions of SFAS 123 and Accounting  Principles  Board ("APB") Opinion No. 28,
Interim Financial Reporting, to require disclosure in the summary of significant
accounting polices of the effects of an entity's  accounting policy with respect
to  stock-based  employee  compensation  on reported net income and earnings per
share in annual and interim financial  statements.  While the statement does not
amend SFAS 123 to require  companies to account for employee stock options using
the fair value method,  the disclosure  provisions of SFAS are applicable to all
companies with  stock-based  employee  compensation,  regardless of whether they
account for that  compensation  using the fair value  method of SFAS 123, or the
intrinsic  value  method of APB  Opinion No. 25. The  Company  will  continue to
account  for stock  based  compensation  according  to APB  Opinion  No. 25. The
adoption of SFAS 148 did not have an impact on net income or proforma net income
applying  the  fair  value  method  as the  Company  did not  have  stock  based
compensation for the six months ended March 31, 2003 or 2002.

<PAGE>


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


Liquidity and Capital Resources

The Company has a $3 million  credit  facility  with  Citizens  Business  Credit
Company of Boston,  (the "Credit Facility") that expires in December,  2004. The
Credit Facility has an interest rate of prime plus 1/4% on outstanding balances.
Advances  under the  Credit  Facility  are  measured  against a  borrowing  base
calculated on eligible receivables and inventory. The Credit Facility is secured
by all assets of the Company and all of its operating subsidiaries.

The Credit Facility includes various covenants, which among other things, impose
limitations  on  declaring  or  paying   dividends,   acquisitions  and  capital
expenditures. The Company is also required to maintain certain financial ratios.
Citizens  Business Credit had modified the requirements for one of these ratios.
At March 31,  2003,  the  Company was not in default  with any of its  financial
covenants as a result of this  modification and at such time owed $884,503 under
the Credit Facility.

Net cash provided by operations for the six months ended March 31, 2003 amounted
to $157,773 as compared to cash being (used) by  operations  of $313,432 for the
comparable prior year period.  The primary reason for the increase in cash being
provided  by  operations  was due to  $174,437  of income  before  taxes in 2003
compared to a loss before income taxes of $670,587 in 2002. While the net change
in  operating  assets and  liabilities  was a slight  improvement  during  2003,
inventory  increased due to purchases  being made ahead of requirements in order
to obtain special  purchase price  discounts from a vendor and prepaid  expenses
increased  due to  significantly  higher  insurance  premiums  for  property and
general liability coverage. These increases were partially funded by an increase
to accounts payable and accrued  expenses.  The net cash inflow of $157,773 from
operations  during  2003 was used to  purchase  equipment  and to pay down  debt
obligations.

The ratio of the Company's  current assets to current  liabilities  decreased to
approximately  2.62 to 1 at March 31,  2003  compared  to 2.67 to 1 at March 31,
2002.  The  decrease  in the  current  ratio  is due to an  increase  in 2003 of
inventory  related to purchases  being made ahead of schedule (to obtain special
purchase price  discounts) that were funded by an increase in accounts  payable.
The  decrease  in current  ratio was also  caused by a  significant  increase in
prepaid  insurance  premiums  (property  and general  liability)  that were also
partially funded by an increase in accounts payable.  In addition,  the decrease
in the current ratio was caused by an  improvement  in cash flow since March 31,
2002 (due to the return to  profitable  operations)  being  used to reduce  bank
borrowing by an additional $763,000 at March 31, 2003. Working capital stayed at
a high level of $5.2 million at March 31, 2003 compared to $5.6 million at March
31, 2002 even though cash was used to reduce bank borrowing to $884,503 at March
31, 2003.

<PAGE>
2.  Management's  Discussion and Analysis of Financial  Condition and Results of
Operations


Results of Operations

Revenues and Gross Profit

                                       Three Months Ended      Six Months Ended
                                             March 31,               March 31,
                                         2003       2002        2003       2002
                                         ----       ----        ----       ----
                                              (In thousands of dollars)

Product Revenue                         $3,514     $2,095     $6,805     $4,283
Subcontract Revenue                        172        401        443        635
Service Revenue                          1,103      1,153      2,178      2,269
Total Revenue                            4,789      3,649      9,426      7,187

Gross Profit Product                     1,242        795      2,270      1,259
Gross Profit Subcontract                    27         69         87        117
Gross Profit Service                       321        328        668        643
Total Gross Profit                       1,590      1,192      3,025      2,019

Gross Profit Product %                      35%        38%        33%        29%
Gross Profit Subcontract %                  16%        17%        20%        18%
Gross Profit Service %                      29%        28%        31%        28%

Revenues

The Company's  product  revenues during the three and six months ended March 31,
2003 increased from the comparable prior year periods, representing increases of
68% and 59% for the  respective  periods.  These  increases in product  revenues
resulted  from a gradual  improvement  in  economic  activity  in the  Company's
principal  New York City market.  The prior year  periods  were  impacted by the
events of September  11th which delayed work on several  projects  involving New
York City Transit  Authority and reduced tenant revenue as tenants relocated out
of New York City or consolidated into existing space uptown. The product revenue
improvement  in 2003 is  primarily  related to the New York City market area and
relates to the  following:  1) release of projects that have been delayed by the
events of September 11th, 2) from a gradual  improvement in tenant activity,  3)
higher sales of railcar communication products as we begin to see the release of
new orders for shipment.  Product revenues in our Dallas,  Texas market area for
the three and six month periods were significantly below 2002 levels. Management
believes  the  Dallas,  Texas  market has not  recovered  from the  slowdown  in
economic activity and,  accordingly,  we have implemented certain cost reduction
initiatives   in  that  market   area  while  we  continue  to  quote   business
aggressively.

Subcontract  revenue decreased during the current three and six month periods as
the Company was responsible  for a smaller amount of electrical  installation as
one large fire alarm project was completed and another was at a reduced level of
activity in 2003.

Service revenues  decreased during the current three and six month periods.  The
decrease  in both  periods is  primarily  related to lower  call-in  maintenance
service and material for fire systems.
<PAGE>


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

Gross Profit

Gross profit on product revenues for the three months and six months ended March
31, 2003,  increased 56% and 80% from the  respective  prior year  periods.  The
increase in absolute  gross profit  during both periods is primarily  related to
higher  product  sales  (noted  above) and related  gross  margin  However,  the
decrease  in gross  profit  percentage  during the current  three  month  period
reflects a larger  portion of sales from railcar  products  that carries a lower
gross  margin.  The increase in gross profit  percentage  during the current six
month  period is due to the  effect of higher  sales in which to absorb  certain
fixed overhead costs.

Gross profit related to subcontract  revenues for the three and six months ended
March 31, 2003 decreased in absolute terms as the Company was  responsible for a
smaller  amount  of  electrical  installation  as one  fire  alarm  project  was
completed in 2003 and another was at a reduced level.  However, the gross profit
percentage  was  lower  during  the  three  months  of 2003 as one  project  was
contracted for sale at a lower than normal mark up.

Gross  profit on service  revenues  for the three  months  ended  March 31, 2003
decreased  due to the  decrease  in service  revenues.  Gross  profit on service
revenues increased during the six months ended March 31, 2003 as call in service
did not require as much replacement parts as the prior year period and therefore
the six months 2003  period saw an  improvement  in both gross  margin and gross
margin percentage.

Income Before Tax

The  improvement  in income  before income taxes during the three and six months
ended March 31, 2003 is primarily  due to the increase in gross profit caused by
higher  product  revenues and from  improved  margins due to the relative  fixed
nature of certain  overhead  costs (noted  above).  This  improvement in product
gross  profit was  mitigated by lower gross  profit from  subcontract  revenues.
Partially  offsetting the improvement in overall gross profit was an increase in
selling, general and administrative expenses (6% and 7% during the three and six
months of 2003, respectively) to support higher product sales and expand product
territory.  Favorably  affecting  income  before  income taxes were  declines in
interest   expense  (33%  and  44%  for  the  three  and  six  months  of  2003,
respectively)  due to lower interest rates and lower borrowing levels during the
2003 periods.

Tax Provision

The Company's current income tax provision  represents federal,  state and local
income taxes. Deferred taxes represent the net change in deferred tax assets and
non current  deferred tax liability as it related to certain timing  differences
of book and tax deductions.

Order Position

The Company's order position,  excluding service, at March 31, 2003 increased to
$14,100,000 as compared to $12,105,000 at September 30, 2002 and  $13,300,000 at
March 31, 2002. The increase in order position since September 30, 2002 reflects
recent large new orders  received  for several  subway  complexes  which will be
deliverable  over several years as the projects are released.  In addition,  the
backlog  includes  $2.0  million of orders for  communication  and  announcement
systems from several transit car manufacturers,  that will be shippable over the
next 18 month period.  While quotation  activity is brisk, there is no assurance
when orders will be received and whether the order position will  increase.  Due
to the fact that the Company's products are sold and
<PAGE>


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

installed  as part of  larger  mass  transit  construction  projects,  there  is
typically  a  delay  between  the  booking  of  the  contract  and  its  revenue
realization.  The order position  includes,  and the Company continues to bid on
projects  that  might  include  significant   subcontractor  labor,  (electrical
installation  performed by others).  The Company expects to be active in seeking
orders where the Company would act as a prime  contractor and be responsible for
management of the project as well as electrical installation.


Item 3.   Controls and Procedures

(a) Evaluation of Disclosure Controls and procedures

Based on their  evaluation of our disclosure  controls and procedures  conducted
within  90 days of the date of filing  this  report  on Form  10-QSB,  our Chief
Executive  Officer  and the  Chief  Financial  Officer  has  concluded  that our
disclosure  controls and  procedures  (as defined in Rules 13a - 14(c) and 15(d)
promulgated under the Securities Exchange Act of 1934 are effective.

(b)      Changes in Internal Controls

There were no significant  changes in our internal  controls or in other factors
that could  significantly  affect these controls subsequent to the date of their
evaluation.

<PAGE>
                           Part II - OTHER INFORMATION


Item 1.  Legal Proceedings.

                  Not Applicable

Item 2.  Changes in Securities.

                  Not applicable

Item 3.  Defaults Upon Senior Securities.

                  Not applicable

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

     The Registrant's Annual Meeting of Stockholders was held on March 26, 2003.
At the meeting, Stockholders considered and voted upon:

(1)  the election of seven (7) directors to Synergx's Board of Directors,

(2)  the  investment  in 25% of the  equity of  Avante  Technology  Partners,  a
     Canadian  partnership  ("Tech")  being  organized  to  develop  and  market
     state-of-the-art  wireless  technology,  from  Nafund  Inc.  ("Nafund")  in
     exchange for (i) 225,000 shares of Common Stock;  (ii) warrants to purchase
     25,000  shares of Common  Stock at $2.00 per share for 24 months  and (iii)
     agreeing to provide  secured  loans up to  Cdn$300,000  to Tech against the
     satisfaction  of  certain  development  milestsones.  (See  Note  7 to  the
     unaudited Condensed  Consolidated  Financial  Statements for the six months
     ended March 31, 2003)

(3)  the  investment  in 25% of the  Class  B  Participating  Units  of  Re:Port
     Business  Solutions  ("Re:Port")  from Nafund in  exchange  for (i) 175,000
     shares of Common Stock and (ii) warrants to purchase 25,000 of Common Stock
     at $2.00 per share for 24 months.  (See Note 7 to the  unaudited  Condensed
     Consolidated Financial Statements for the six months ended March 31, 2003)

(4)  Appointment of Marcum & Kliegman LLP as Synergx's  independent auditors for
     the fiscal year ending September 30, 2003.



     The seven  nominees  for  director  were  unopposed  and were,  accordingly
elected by the  Stockholders.  The  following  table details the votes cast for,
against and abstained from voting on each matter considered by the Stockholders.


  MATTER                              FOR             AGAINST      ABSTAINED
 Daniel Tamkin                       996,755           3,202            0
 John Poserina                       996,755           3,202            0
 Henry Schnurbach                    996,755           3,202            0
 Joseph Vitale                       996,755           3,202            0
 Dennis McConnell                    996,755           3,202            0
 J Ian Dalrymple                     996,755           3,202            0
 Mark I. Litwin                      996,755           3,202            0

 Avante Technology Partners          996,054           3,903            0
 Re:Port Business Solutions          995,962           3,995            0

 Auditors                            997,388           2,569            0



Item 5.   Other Information.

        None

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

 (a)  Exhibits

    99.1 Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 (b) Reports on Form 8-K

    No Reports on Form 8-K were filed during the quarter ended March 31, 2003.

<PAGE>

                                   SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                                     SYNERGX SYSTEMS INC
                                     (Registrant)


                                     /s/ John A. Poserina
                                     ------------------------------
                                      John A. Poserina,
                                      Chief Financial Officer
                                      (Principal Accounting and
                                      Financial Officer), Secretary
                                      And Director
Date:  May 14, 2003

<PAGE>

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

     I, Daniel S. Tamkin, Chief Executive Officer,  and John A. Poserina,  Chief
Financial Officer of Synergx Systems certify that:

     1. We have reviewed this quarterly report on Form 10-QSB of Synergx Systems
Inc.;

     2. Based on our  knowledge,  this  quarterly  report  does not  contain any
untrue  statement of a material fact or omit to state a material fact  necessary
to make the  statements  made,  in light of the  circumstances  under which such
statements  were made, not misleading with respect to the period covered by this
quarterly report;

     3. Based on our knowledge,  the financial  statements,  and other financial
information  included in this quarterly  report,  fairly present in all material
respects  the  financial  condition,  results  of  operations  and cash flows of
registrant as of, and for, the periods presented in this quarterly report;

     4. The  registrant's  other  certifying  officers and I are responsible for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     a)  Designated  such  disclosure  controls  and  procedures  to ensure that
material  information  relating to the  registrant,  including its  consolidated
subsidiaries, is made known to us by others within those entities,  particularly
during the period in which this quarterly report is being prepared;

     b) Evaluated the effectiveness of the registrant's  disclosure controls and
procedures  as of a  date  within  90 days  prior  to the  filing  date of this
quarterly report (the "Evaluation Date"); and

     c)  Presented  in  this  quarterly   report  our   conclusions   about  the
effectiveness of the disclosure  controls and procedures based on our evaluation
as of the Evaluation Date;

     5. The registrant's other certifying  officers and I have disclosed,  based
on our most  recent  evaluation,  to the  registrant's  auditors  and the  audit
committee  of  registrant's  board  of  directors  (or  persons  performing  the
equivalent functions);

     a) All  significant  deficiencies  in the design or  operation  of internal
controls  which  could  adversely  affect  the  registrant's  ability to record,
process,  summarize  and  report  financial  data  and have  identified  for the
registrant's auditors any material weaknesses in internal controls; and

     b) Any fraud,  whether or not material,  that involves  management or other
employees who have a significant role in the registrant's internal controls; and

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

Date:    May 14, 2003

         /s/ Daniel S. Tamkin                /s/ John A. Poserina
         ---------------------               -----------------------
         Daniel S. Tamkin                    John A. Poserina
         Chief Executive Officer             Chief Financial Officer
                                             (Principal Financial and Accounting
                                             Officer), Secretary and Director