<PAGE>



                  SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                           FORM 10-QSB


Quarterly Report pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

For the quarterly period ended       March 31, 1998

                    -------------------------
                  COMMISSION FILE NUMBER O-17580
                    -------------------------

                          FIRETECTOR  INC.
(Exact name of small business issuer as specified in its charter)


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


262 Duffy Avenue, Hicksville, New York               11801
(Address of principal executive offices             Zip Code)

                           (516) 433-4700
       (Registrant's telephone number, including area code)


     Check whether the issuer (1) has filed all reports  required to be filed by
Section 13 or 15(d) of the 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 11, 1998,  4,713,287
shares of Registrant's Common Stock were issued and outstanding.

     Transitional Small Business Disclosure Format (check one):
               Yes [  ]     No  [ X ]






<PAGE>



                      Part I - FINANCIAL INFORMATION

                   Firetector Inc. and Subsidiaries
                       Consolidated Balance Sheet
                               Unaudited

                                                March 31, 1998
                                              ----------------
ASSETS
Current assets:
  Cash and cash equivalents                    $    440,032
  Accounts receivable, principally
   trade, less allowance for
    doubtful accounts of  $171,412                3,801,565
  Accounts receivable from affiliated companies     514,950
  Inventories                                     1,884,151
  Deferred taxes                                    168,000
  Prepaid expenses and other current assets         171,773
                                                -------------
Total current assets                              6,980,471
                                                -------------

Property, Plant and Equipment at cost, less
 accumulated depreciation and
 amortization of $729,495                           394,447
Software Development Costs, net                       3,469
Other Assets                                        285,069
Deferred Taxes                                      206,000
                                               -------------
Total assets                                     $7,869,456
                                               =============


See accompanying Notes to the Consolidated Financial Statements.



<PAGE>



                   Firetector Inc. and Subsidiaries
                 Consolidated Balance Sheet (continued)
                            Unaudited


                                                 March 31,1998
                                               ------------------
LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Note payable to bank                             $1,538,510
  Other notes payable                                 208,614
  Accounts payable and accrued expenses             1,207,803
  Unearned service revenue                            278,692
  Current portion of capital lease obligations         20,268
                                                ---------------
Total current liabilities                           3,253,887

Note payable to bank,  less current  
 portion  178,573 Other notes payable, 
 less current portion 226,511 Capital lease
 obligations,  less current portion                    24,533
Notes payable to Mirtronics                           845,000
                                                 --------------
Total liabilities                                   4,528,504
                                                 --------------


Stockholders' equity:
  Convertible preferred stock, 2,000,000
   shares authorized - none issued and outstanding
  Common stock, 25,000,000 shares authorized,
    $.001 par value; issued and outstanding
    4,713,287 shares                                    4,713
  Capital in excess of par                          5,155,482
  Deficit                                          (1,819,243)
                                                   -----------
Total stockholders' equity                          3,340,952
                                                   -----------
Total liabilities and stockholders' equity         $7,869,456
                                                   ===========

See accompanying Notes to the Consolidated Financial Statements.



<PAGE>



                  Firetector Inc. and Subsidiaries
           Consolidated Statements of Operations (Unaudited)


                                      For The Three Months Ended
                                                March 31,
                                            1998         1997
                                         ----------   ----------
Net sales                               $2,376,370    $3,077,270
Service revenues                         1,053,569     1,129,848
                                         ----------   ----------
Total revenues                           3,429,939     4,207,118
                                         ----------   ----------

Cost of sales                            1,475,248     2,096,654
Cost of service                            697,716       704,491
Selling, general and administrative      1,052,148     1,074,974
Interest expense                            56,225        61,208
Depreciation and amortization expense       52,816        65,257
Other (income) net                         (10,278)       (9,412)
                                         ----------   ----------
                                         3,323,875     3,993,172
                                         ----------   ----------
Income from operations before
 provision for income taxes                106,064       213,946


Provision for income taxes:
 Current                                     6,000        27,000
                                         ----------   ----------
Net income                                $100,064     $ 186,946
                                         ==========   ==========
Earnings per common share
 Basic earnings per share                     $.02          $.05
 Diluted earnings per share                   $.02          $.03
                                        ============  ==========
Weighted average number of common
 shares outstanding                       4,118,287    3,523,287

Weighted average number of common
 sand potential dilutive common
 shares outstanding                       6,353,819    6,745,736


See accompanying Notes to the Consolidated Financial Statements.



<PAGE>



                   Firetector Inc. and Subsidiaries
            Consolidated Statements of Operations (Unaudited)

                                         For the Six Months Ended
                                                 March 31,
                                           1998            1997
                                         -----------    ----------
Net sales                                $4,096,182     $6,828,947
Service revenues                          2,181,110      2,202,119
                                         -----------    ----------
Total revenues                            6,277,292      9,031,066
                                         -----------    ----------
Cost of sales                             2,584,614      4,775,935
Cost of service                           1,366,992      1,387,361
Selling, general and administrative       2,013,468      2,132,249
Interest expense                            111,464        125,498
Depreciation and amortization expense       104,893        127,115
Other (income) net                          (20,333)       (18,491)
                                         -----------    ----------
                                          6,161,098      8,529,667
                                         -----------    ----------

Income from operations before
 provision for income taxes                 116,194        501,399


Provision for income taxes:
 Current                                     10,000         53,000
 Deferred                                                    5,000
                                         -----------    ----------
                                             10,000         58,000
                                         -----------    ----------

                                         -----------    ----------
Net income                               $  106,194      $ 443,399
                                         ===========    ==========

Earnings per common share
 Basic earnings per share                     $.03            $.13
 Diluted earnings per share                   $.02            $.06
                                        ============    ==========
Weighted average number of common
 shares outstanding                       3,820,797      3,535,844

Weighted average number of common
 and potential dilutive common
 shares outstanding                       6,349,632      6,756,847


See accompanying Notes to the Consolidated Financial Statements.



<PAGE>



                Firetector Inc. and Subsidiaries
               Consolidated Statements of Cash Flows (Unaudited)

                                           For The Six Months Ended
                                                    March 31,
                                                 1998          1997
                                            -----------     ---------
OPERATING ACTIVITIES
Net income                                     $106,194      $443,399
Adjustments to reconcile net income to
 net cash provided by (used in)
 operating activities:
  Depreciation and amortization                 123,285       128,710
  Provision for doubtful accounts                36,000        33,000
Changes in operating assets and liabilities:
  Accounts receivable                           (16,403)     (622,865)
  Inventories, prepaid expenses and other
   current assets                               (72,602)      203,237
  Accounts receivable from affiliated
   companies                                    (21,819)      (32,603)
  Other assets                                     (785)      (44,553)
  Accounts payable and accrued expenses        (134,581)      369,114
  Unearned service revenue                      (58,648)      (81,977)
  Due to affiliated companies                     3,547       (30,711)
                                              ---------      ---------
NET CASH PROVIDED BY (USED IN)
  OPERATING ACTIVITIES                          (35,812)      364,751

INVESTING ACTIVITIES
 Purchases of property and equipment            (20,213)      (95,474)
                                              ----------     ---------
NET CASH USED IN INVESTING ACTIVITIES           (20,213)      (95,474)

FINANCING ACTIVITIES
 Principal payments on revolving line of
  credit, long term debt, notes payable
  and capital lease obligations                 (84,875)      (75,753)
 Proceeds from revolving line of credit,
  notes payable and capital
  lease obligations                               3,849       334,850
 Due to affiliated company                       (1,969)
 Issuance of common stock in connection with
  exercise of option                            552,000
 Repurchase of common stock                    (552,000)
 Repurchase of common stock with
  note payable                                               (327,850)
                                              ----------    ----------
NET CASH (USED IN) PROVIDED BY
 FINANCING ACTIVITIES                           (82,995)      (68,753)
                                              ----------    ----------
NET (DECREASE) INCREASE IN CASH AND
  CASH EQUIVALENTS                             (139,020)      200,524
Cash and cash equivalents at beginning
  of period                                     579,052       497,107
                                              ----------    ----------
Cash and cash equivalents at end of period     $440,032      $697,631
                                              ==========    ==========
Supplemental Cash Flow Information

The Company restructured  preferred stock and notes payable to Mirtronics by the
issuance of  $845,000  of new notes.  (See Note 5 -  Transactions  With  Related
Parties.)


See accompanying Notes to the Consolidated Financial Statements.



<PAGE>



             FIRETECTOR INC. AND SUBSIDIARIES
         NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
             SIX MONTHS ENDED MARCH  31, 1998
                       (UNAUDITED)

1. BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in accordance
with generally accepted accounting  principles for interim financial information
Accordingly,  they do not include all of the information and footnotes  required
by generally accepted accounting principles for complete financial statements In
the opinion of  management,  all  adjustments  (consisting  of normal  recurring
accruals)  considered  necessary  for a fair  presentation  have been  included.
Results for the six months ended March 31, 1998 are not  necessarily  indicative
of the results  that may be expected  for the fiscal year ending  September  30,
1998. For further  information,  refer to the consolidated  financial statements
and footnotes  thereto  included in the Registrant  Company ("the  Company") and
Subsidiary's annual report on Form 10-KSB for the year ended September 30, 1997.

2. INVENTORY

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

3. LONG TERM DEBT

The Company has a credit facility with a New York bank (the "Credit  Facility").
The revolving  credit portion of the facility is $2,300,000 and expired on March
31, 1998 and has a loan payoff  requirement  by June 30, 1998. The Company is in
discussions  with  several  banks  for a new  credit  facility  and  expects  to
refinance the credit facility with another bank institution. The Credit Facility
includes  an  additional  $315,000  twenty-nine  month term loan (with a monthly
amortization of $5,952 and a balloon  payment at September 1, 1999).  The Credit
Facility has an annual facility fee of .5% and capital  expenditures are limited
to $250,000.  At March 31, 1998 a total of $1,717,083 was outstanding under this
facility. The Credit Facility currently provides for interest at prime plus 1.5%
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 of the assets of the Company and all of its operating
subsidiaries, as well as a $300,000 letter of credit provided by Mirtronics Inc.

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 various financial
ratios.  At  March  31,  1998,  the  Company  was not in  default  of any of its
financial covenants.

4. NOTES PAYABLE TO MIRTRONICS

At March 31, 1998, notes payable to Mirtronics include:


         $620,000 Convertible note at 10% interest
          225,000 Non-convertible note at 10% interest
         $845,000

The $620,000 note may be converted into 1,240,000 shares of the Company's common
stock at $.50 per share until December 31, 2002.  While the notes are payable on
demand,  they are subordinate to and subject to a payment  restriction under the
Company's  credit  facility with its bank and,  therefore,  are  classified as a
non-current liability.




<PAGE>



FIRETECTOR INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - Continued

SIX MONTHS ENDED MARCH 31, 1998

(UNAUDITED)

5. TRANSACTIONS WITH RELATED PARTIES

In  consideration  of collateral  support for the Company's  Credit Facility and
various loans over several years,  the Company granted to Mirtronics  options to
purchase the Company's  Common Stock.  Mirtronics had the right to acquire up to
an aggregate of  1,840,000  shares of common stock at an exercise  price of $.30
per  share,  a  portion  of  which  are held for the  benefit  of the  Company's
Chairman.  These  options were to expire on December  31, 1998.  The Company had
previously entered into a Debt/Equity agreement that provided for the retirement
of debt and the issuance to  Mirtronics  of 675,000  shares of Preferred  Stock,
which  could  also be  converted  into  1,350,000  shares  of Common  Stock.  In
addition,  the  Company was  indebted to  Mirtronics  for  materials,  loans and
miscellaneous advances in the aggregate amount of $170,218.

On February  17,  1998,  the  Company and  Mirtronics  reached an  agreement  to
restructure the options, convertible debt and preferred stock held by Mirtronics
so as to reduce the potential  dilution of these  securities by 1,100,000 shares
of common  stock.  Under this  agreement,  Firetector  redeemed  the $675,000 of
Convertible  Preferred  Stock and $170,000 of convertible  debt for an aggregate
price of $845,000.  These  securities were  convertible into 1,690,000 shares of
common stock. In satisfaction thereof,  Firetector issued a $620,000 Convertible
Note, with interest at 10%,  payable upon demand and convertible  into 1,240,000
shares of common  stock at a conversion  price of $.50 per share until  December
31, 2002 and a $225,000 Note (without a convertible  feature),  with interest at
10%, payable upon demand.  The foregoing notes are subordinate to and subject to
a payment restriction under the terms of the credit facility. Also in connection
with this restructuring, Mirtronics exercised 1,840,000 options for common stock
for  an  aggregate  consideration  of  $552,000  and  Firetector  simultaneously
repurchased 650,000 of the newly issued shares for $552,000.

The Company has a receivable from Mirtronics and its  subsidiaries in the amount
of $514,950 at March 31, 1998.

The Company is also indebted, on a demand basis, to First Corporate Equity Ltd.,
an affiliate of a director of  Mirtronics,  for notes  payable in the  aggregate
amount of $144,560 at March 31, 1998.

In  consideration  of collateral  support for the Company's  Credit  Facility in
1994, the Company granted Gentera Capital  Corporation,  an Ontario Corporation,
("GCC"  formerly  known as First  Corporate  Capital  Inc.)  options for 500,000
unregistered  shares of the  Company's  common  stock at $.30 per share  through
December 31, 1999. In July 1996, GCC exercised  100,000 of these options at $.30
per share. An officer of GCC is also a director of Mirtronics.

Effective  January 1, 1997, in  accordance  with the  employment  contract of an
officer/director,  the registrant repurchased 25,312 shares of common stock at a
price of  $12.96  per share by means of a seven  year  promissory  note  bearing
interest at a rate of 4% per annum.



<PAGE>




FIRETECTOR INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - Continued

SIX MONTHS ENDED MARCH 31, 1998

(UNAUDITED)

6.  EARNINGS PER SHARE

The  Financial  Accounting  Standards  Board issued SFAS No. 128  "Earnings  Per
Shares" which requires  companies to report basic and diluted earnings per share
("EPS")  computations  effective with the Company's  quarter ending December 31,
1997. 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,  warrants  and  convertible  notes  and
preferred  stock.  The computation for the three and six months ending March 31,
1997 has been  restated to conform to the  requirements  of SFAS N0. 128.  Shown
below is a table  that sets  forth  the  respective  calculations  for basic and
diluted EPS
<TABLE>
<CAPTION>

                                                 Three Months ended March 31,                 Six Months ended March 31,
Basic EPS Computation                          1998                       1997             1998                      1997
                                               ----                       ----             ----                      ----
<S>                                         <C>                        <C>               <C>                       <C>
 Net Income available
  to common
  shareholders                               $100,064                   $186,946         $106,194                  $443,399
 Weighted average
  outstanding                               4,118,287                  3,523,287        3,820,787                  3,535,844
 Basic                                           $.02                       $.05             $.03                       $.13
                                            =========                  =========        =========                  =========


                                                  Three Months ended March 31,                Six Months ended March 31,
Diluted EPS Computation                        1998                       1997             1998                      1997
                                               ----                       ----             ----                      ----
 Income available to common
  shareholders                               $100,064                   $186,946         $106,194                  $443,399
 Impact of convertible notes                   12,400                      2,295            6,200                     4,590
Diluted net income                           $112,464                   $189,241         $112,394                  $447,989
                                             --------                   --------         --------                  --------

Weighted-average shares                     4,118,287                  3,523,287        3,820,787                  3,535,844
                                            ---------                  ---------        ---------                  ---------
Plus Incremental shares from
assumed conversions
Non Employee Stock Options                    978,441                  1,797,899        1,282,816                  1,804,704
Convertible preferred stock                                            1,350,000                                   1,350,000
Convertible debt                            1,240,000                                   1,240,000
Employee Stock Options*                        12,963                     43,994            4,573                    42,549
Warrants                                        4,128                     30,556            1,456                    23,750
                                                -----                     ------            -----                    ------
Dilutive potential
 common shares                              2,235,532                  3,222,449        2,528,845                  3,221,003
                                            ---------                  ---------        ---------                  ---------
Adjusted weighted-average
 shares                                     6,353,819                  6,745,736        6,349,632                  6,756,847
                                            ---------                  ---------        ----------                 ----------

Diluted EPS                                      $.02                       $.03             $.02                       $.07
                                            =========                  =========        =========                  =========
</TABLE>

*Warrants  and employee  stock  options  convertible  into  119,375  shares were
antidilutive in both 1998 periods.





<PAGE>




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


Liquidity and Capital Resources

The Company has a credit  facility with a New York City bank (which was recently
acquired  by another  New York City bank) (the  "Credit  Facility").  The credit
facility  provides for a $2,300,000  revolving  line of credit through March 31,
1998 and a $315,000  twenty-nine month term loan (with a monthly amortization of
$5,952 and a balloon  payment at  September  1, 1999).  At March 31,  1998,  the
Company  owed  $1,717,083  under the terms of the  credit  facility.  The credit
facility  currently  provides  for  interest  at prime plus 1.5% 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  of  the  assets  of the  Company  and  all  of  its  operating
subsidiaries,  as well as a $300,000  letter of credit provided by the Company's
majority shareholder.

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 various financial ratios.
At September 30, 1997,  and  continuing  through March 31, 1998, the Company was
not in default of any of its financial covenants.

The credit facility expired on March 31, 1998 and has a loan payoff  requirement
by June 30, 1998.  The Company is in  discussions  with several  banks for a new
credit  facility and expects to refinance the credit  facility with another bank
institution.

Net cash used by operations  for the six months ended March 31, 1998 amounted to
$35,812 as compared to cash being  provided by  operations  of $364,751  for the
comparable  prior  year  period.  The  primary  reason  for  the  use of cash in
operations  was the decrease in income from  operations and a reduction of trade
payables.  The Company further  anticipates meeting its future cash requirements
through continuation of the negotiation of terms with its customers prior to the
beginning  of a  project,  the  monitoring  of its terms  during a  project  and
completing projects in timely fashion, resulting in faster final payments. It is
the intention of the Company to continue this program throughout fiscal 1998


Results of Operations

The Company's  product  revenues during the three and six months ended March 31,
1998  decreased to  $2,376,370  and  $4,096,182  as compared to  $3,077,270  and
$6,828,947, respectively for the comparable prior year periods. Product revenues
during the 1997 quarter and six month period included approximately $950,000 and
$1,750,000,  respectively of billing in relation to one transit  project,  which
involved the sale of  approximately  $700,000 and $1,365,000,  respectively,  of
lower  margin  products  purchased  from a third party for resale.  In addition,
during the 1997 six month period,  product  sales  benefitted  from  significant
construction  projects in both the New York and Dallas market areas.  During and
subsequent to the fiscal quarter ended March 31, 1998, the Company  received new
product orders of $3.9 million, which will be shipped in future periods.


<PAGE>


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

Service  revenues  during the same three and six month periods of 1998 decreased
to  $1,053,569  and  $2,181,110  as  compared  to  $1,129,848  and   $2,202,119,
respectively, for the comparable prior year periods. The decrease reflects lower
than  normal  call-in  service  during the 1998  quarter  and six month  periods
compared to the comparable 1997 periods.  Competition  for new product  revenues
and retention of existing service contracts remains high in New York.

Gross profit  percentage on product revenues for the three and six month periods
ended March 31,  1998 was 38% and 37%,  respectively,  as compared  with 32% and
30%,  respectively,  for the comparable 1997 periods. The increased gross profit
percentage on product revenues for the three and six months ended March 31, 1998
relates primarily to an improved product mix compared to the 1997 periods, which
included  the  transit  project  noted above that  carried a lower than  typical
margin on products manufactured by an outside vendor.

Gross profit  percentage on service revenues for the three and six month periods
ended March 31,  1998 was 34% and 37%,  respectively,  as compared  with 38% and
37%,  respectively,  for the  comparable  1997  periods.  The lower gross profit
percentage on service revenues for the three and six months ended March 31, 1998
is due to the decrease in call-in service that occurred during the current three
month period.

Income from operating activities for the three and six month periods ended March
31, 1998 was $106,064  and  $116,194,  respectively,  as compared to income from
operations  of $213,946 and  $501,399  for the  comparable  1997  periods.  This
decrease is primarily  attributable to lower product  revenues as the prior year
three and six month periods  included product sales from a major sports facility
in Texas and  commencement of shipments on several delayed projects in New York.
During the three and six month periods of 1997, a transit  project  involved the
sale of  approximately  $700,000 and  $1,365,000,  respectively  of lower margin
products  manufactured  by an outside  vendor.  While the decline in income from
operations  during the 1998 periods was related to lower  product  shipments and
reduced call-in service revenues, the decline was minimized by an improvement in
product  gross  margin  percentage  due to product  mix and from lower  selling,
general and  administrative  expenses  related to the  Company's  previous  cost
containment  program.  During the past nine months,  the Company has intensified
its marketing efforts and expanded its product territory.  While this effort has
offset  savings in selling,  general and  administrative  cost,  the Company has
experienced an improvement in new order bookings, as noted below.

The  Company had a current  income tax  provision  representing  state and local
taxes and the  alternative  minimum tax for federal income  purposes.  The lower
provision  during the 1998 periods  reflects  the effect of reduced  income from
operations.

The  Company's  order  position at March 31,  1998  amounted  to  $6,200,000  as
compared to  $5,100,000  at December 31, 1997 and  $6,400,000 at March 31, 1997.
Subsequent to March 31, 1998,  the Company has received  significant  new orders
from an airport hotel, several major subway complexes,  a major media company, a
hospital  center and a nursing home.  These orders have  increased the Company's
order position to over $8,800,000 as of April 28, 1998.  Management believes its
recent  intensified  marketing  efforts will enable it to maintain a significant
product order position.













                        
<PAGE>
Part II - OTHER INFORMATION


Item 1.   Legal Proceedings.

               Not Applicable

Item 2.   Changes in Securities.

              On  February  17,  1998,  the Company  and  Mirtronics  reached an
agreement to restructure the options,  convertible debt and preferred stock held
by  Mirtronics  so as to reduce the  potential  dilution of these  securities by
1,100,000 shares of common stock. Under this agreement,  Firetector redeemed the
$675,000 of Convertible  Preferred Stock and $170,000 of convertible debt for an
aggregate price of $845,000.  These  securities were  convertible into 1,690,000
shares of common stock. In satisfaction  thereof,  Firetector  issued a $620,000
Convertible Note, with interest at 10%, payable upon demand and convertible into
1,240,000  shares of common stock at a conversion  price of $.50 per share until
December 31, 2002 and a $225,000  Note  (without a  convertible  feature),  with
interest  at  10%,   payable  upon  demand.   Also  in   connection   with  this
restructuring,  Mirtronics  exercised  1,840,000 options for common stock for an
aggregate  consideration of $552,000 and Firetector  simultaneously  repurchased
650,000 of the newly issued shares for $552,000.



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,
1998.  Stockholders  considered  and  voted  upon (1) the  election  of five (5)
Directors to  Firetector's  Board of  Directors;  and (2)  appointment  of Moore
Stephens, P.C. as Firetector's Auditors for the fiscal year ending September 30,
1998.

         The five  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          UNVOTED
Daniel Tamkin          3,253,524        37,304             0               0
John Poserina          3,254,746        36,532             0               0
Henry Schnurbach       3,254,746        36,532             0               0
Joseph Vitale          3,254,746        36,532             0               0
Dennis McConnell       3,252,746        38,532             0               0

Auditors               3,262,891        15,102        12,835               0


Item 5.   Other Information.


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

          a. Exhibits.

             Ex-27  Financial Data Schedule

          b. Reports on Form 8-K.

          No Reports on Form 8-K were filed  during the quarter  ended March 31,
1998.


<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.


                                   FIRETECTOR, INC.
                                   (Registrant)


Date: May 14, 1998         By:    DENNIS P. McCONNELL
                           ------------------------------------
                                  DENNIS P. McCONNELL, SECRETARY