UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

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(Mark one)
    XX     QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
---------  ACT OF 1934

                For the quarterly period ended September 30, 1998

     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF 1934

         For the transition period from ______________ to _____________

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                         Commission File Number: 0-29582

                         UNITED COMMUNITY HOLDINGS, INC.
        (Exact name of small business issuer as specified in its charter)

          Nevada                                              75-2300997  
  ------------------------                             ------------------------ 
  (State of incorporation)                             (IRS Employer ID Number)

                16910 Dallas Parkway, Suite 100, Dallas, TX 75248
                    (Address of principal executive offices)

                                 (972) 248-1922
                           (Issuer's telephone number)


       PACIFIC GREAT CHINA CO., LTD. No changes to address or fiscal year
       ------------------------------------------------------------------
 (Former name, former address and former fiscal year, if changed since last 
  report)

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

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date: March 8, 1999: 8,000,818
                                                         ---------

Transitional Small Business Disclosure Format (check one):    YES NO X 



<PAGE>



                         UNITED COMMUNITY HOLDINGS, INC.
                    (formerly Pacific Great China Co., Ltd.)
                        (a development stage enterprise)

              Form 10-QSB for the Quarter ended September 30, 1998

                                Table of Contents


                                                                            Page
Part I - Financial Information

  Item 1   Financial Statements                                               3

  Item 2   Management's Discussion and Analysis or Plan of Operation          8


Part II - Other Information

  Item 1   Legal Proceedings                                                  9

  Item 2   Changes in Securities                                              9

  Item 3   Defaults Upon Senior Securities                                    9

  Item 4   Submission of Matters to a Vote of Security Holders                9

  Item 5   Other Information                                                  9

  Item 6   Exhibits and Reports on Form 8-K                                   9


Signatures                                                                   10



                                                                               2

<PAGE>


<TABLE>

<CAPTION>

Part 1 - Item 1 - Financial Statements

                         UNITED COMMUNITY HOLDINGS, INC.
                    (formerly Pacific Great China Co., Ltd.)
                        (a development stage enterprise)
                                 BALANCE SHEETS
                           September 30, 1998 and 1997

                                                             (Unaudited)    (Unaudited)
                                                            September 30,  September 30,
               ASSETS                                           1998           1997        
               ------                                       -------------  -------------
<S>                                                            <C>            <C>


Current Assets                                                 $  --          $  --
                                                               -------        -------

   Total Assets                                                $  --          $  --
                                                               =======        =======


   LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities                                            $  --          $  --
                                                               -------        -------

Commitments and Contingencies

Shareholders' Equity Preferred stock - $0.00001 par value 
      10,000,000 shares authorized 
      None issued and outstanding                                 --             --
   Common stock - $0.00001 par value 
      50,000,000 shares authorized 
      7,999,818 shares issued and outstanding, respectively         80             80
   Contributed capital                                           5,438          5,438
   Deficit accumulated during the development stage             (5,518)        (5,518)
                                                               -------        -------

      Total Shareholders' Equity                                  --             --
                                                               -------        -------

      Total Liabilities and Shareholders' Equity               $  --          $  --
                                                               =======        =======

</TABLE>




The accompanying notes are an integral part of these financial  statements.  The
financial  information  presented herein has been prepared by management without
audit by independent certified public accountants.
                                                                               3

<PAGE>

<TABLE>

<CAPTION>

                         UNITED COMMUNITY HOLDINGS, INC.
                    (formerly Pacific Great China Co., Ltd.)
                        (a development stage enterprise)
                            STATEMENTS OF OPERATIONS
             Nine and Three months ended September 30, 1998 and 1997
                                   (Unaudited)

                                        Nine months    Nine months   Three months   Three months
                                           ended          ended         ended          ended
                                       September 30,  September 30,  September 30,  September 30,
                                           1998           1997           1998           1997        
                                       -------------  -------------  -------------  -------------
<S>                                    <C>            <C>            <C>            <C>


Net sales                              $       --     $       --     $       --     $     --
                                       ------------   ------------   ------------   ----------

Expenses
   Legal and management fees                   --             --             --           --
                                       ------------   ------------   ------------   ----------

      Total expenses                           --             --             --           --
                                       ------------   ------------   ------------   ----------

Income (loss) from operations                  --             --             --           --
                                       ------------   ------------   ------------   ----------

Other income (expense)                         --             --             --           --
                                       ------------   ------------   ------------   ----------

Income (loss) before
   provision for income taxes                  --             --             --           --

Provision (benefit) for income taxes           --             --             --           --
                                       ------------   ------------   ------------   ----------

Net income (loss)                      $       --     $       --     $       --     $     --
                                       ============   ============   ============   ==========

Income (loss) per weighted-average
   share of common stock outstanding            nil            nil            nil          nil
                                                ===            ===            ===          ===

Weighted-average number of shares
   of common stock outstanding            7,999,818      7,999,818      7,999,818    7,999,818
                                       ============   ============   ============   ==========
</TABLE>


The accompanying notes are an integral part of these financial  statements.  The
financial  information  presented herein has been prepared by management without
audit by independent certified public accountants.
                                                                               4

<PAGE>

<TABLE>

<CAPTION>

                         UNITED COMMUNITY HOLDINGS, INC.
                    (formerly Pacific Great China Co., Ltd.)
                        (a development stage enterprise)
                            STATEMENTS OF CASH FLOWS
                  Nine months ended September 30, 1998 and 1997
                                   (Unaudited)

                                                              Nine months    Nine months
                                                                 ended          ended
                                                             September 30,  September 30,
                                                                  1998          1997      
                                                             ------------   ------------ 
<S>                                                          <C>            <C>

Cash Flows from Operating Activities
   Net income (loss)                                         $       --     $       --
   Adjustments to reconcile net income (loss) to
      net cash provided by (used in) operating activities            --             --
                                                             ------------   ------------

Net cash provided by (used in) operating activities                  --             --
                                                             ------------   ------------


Cash Flows from Investing Activities                                 --             --
                                                             ------------   ------------


Cash Flows from Financing Activities                                 --             --
                                                             ------------   ------------


Increase (Decrease) in Cash and Cash Equivalents                     --             --

Cash and cash equivalents at beginning of period                     --             --
                                                             ------------   ------------

Cash and cash equivalents at end of period                   $       --     $       --
                                                             ============   ============

Supplemental Disclosures of Interest and Income Taxes Paid
      Interest paid during the period                        $       --     $       --
                                                             ============   ============

      Income taxes paid (refunded)                           $       --     $       --
                                                             ============   ============

</TABLE>


The accompanying notes are an integral part of these financial  statements.  The
financial  information  presented herein has been prepared by management without
audit by independent certified public accountants.
                                                                               5

<PAGE>



                                          UNITED COMMUNITY HOLDINGS, INC.
                                     (formerly Pacific Great China Co., Ltd.)
                                         (a development stage enterprise)

                                           Notes to Financial Statements


Note 1 - Basis of Presentation

United Community  Holdings,  Inc. (Company) was incorporated under the corporate
name of Professionalistics, Inc. on May 31, 1989, under the laws of the State of
Delaware, as a wholly-owned subsidiary of Debbie Reynolds Hotel and Casino, Inc.
(formerly Halter Venture Corporation),  a publicly-owned corporation (DRHC). The
Company  changed its name to Pacific  Great China Co.,  Ltd. on May 8, 1996 as a
result of an action by the  Company's  Board of Directors in  anticipation  of a
business  acquisition  or  merger  transaction.  Subsequently,  the  anticipated
business  acquisition  or  merger  transaction  was  mutually  canceled  by both
parties.

On December  17,  1998,  the Company  changed  its state of  Incorporation  from
Delaware  to  Nevada  by means of a  merger  with and into a Nevada  corporation
formed solely for the purpose of effecting the reincorporation.  The Articles of
Incorporation  and  Bylaws  of  the  Nevada  corporation  are  the  Articles  of
Incorporation  and  Bylaws  of  the  surviving  corporation.  Such  Articles  of
Incorporation did not change the capital structure of the Company. The effect of
this action also changed the Company's name to United Community Holdings, Inc.

The  Company's  majority  shareholder  has  continued to maintain the  corporate
status of the Company and provides all nominal  working  capital  support on the
Company's  behalf.  Because  of the  Company's  lack of  operating  assets,  its
continuance  is fully  dependent  upon  the  majority  shareholder's  continuing
support.  The  majority  shareholder  intends to continue the funding of nominal
necessary expenses to sustain the corporate entity.

The  Company has had no  substantial  operations  or  substantial  assets  since
inception.  The  business  purpose  of the  Company  is to seek out and obtain a
merger,   acquisition  or  outright  sale  transaction   whereby  the  Company's
shareholders will benefit.

On November 19, 1998, the Company's  majority  shareholder sold 7,200,000 shares
of the 7,750,129  shares held to an unrelated  third party in  anticipation of a
reverse  merger  transaction  whereby  the  Company  would merge with and into a
privately held operating company during the first quarter of 1999.

The Company is considered in the  development  stage and, as such, has generated
no significant  operating revenues and has incurred cumulative  operating losses
of approximately $5,500.

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

During interim periods, the Company follows the accounting policies set forth in
its  Registration  Statement on Form 10-SB under The Securities  Exchange Act of
1934 filed with the  Securities  and  Exchange  Commission  on November 5, 1997,
which became effective in January 1998. Users of financial  information provided
for  interim  periods  should  refer to the  annual  financial  information  and
footnotes  contained in the Registration  Statement on Form 10-SB filed pursuant
to The  Securities  Exchange Act of 1934 when  reviewing  the interim  financial
results presented herein.


                                                                               6

<PAGE>



                         UNITED COMMUNITY HOLDINGS, INC.
                    (formerly Pacific Great China Co., Ltd.)
                        (a development stage enterprise)

                          Notes to Financial Statements


Note 1 - Basis of Presentation - Continued

In the opinion of management,  the accompanying  interim  financial  statements,
prepared in accordance with the instructions for Form 10-QSB,  are unaudited and
contain  all  material   adjustments,   consisting  only  of  normal   recurring
adjustments  necessary to present  fairly the  financial  condition,  results of
operations  and cash flows of the Company  for the  respective  interim  periods
presented.  The  current  period  results  of  operations  are  not  necessarily
indicative of results which ultimately will be reported for the full fiscal year
ending December 31, 1998.


Note 2 - Summary of Significant Accounting Policies

1. Cash and cash equivalents
   -------------------------

      The Company considers all cash on hand and in banks, including accounts in
      book overdraft positions,  certificates of deposit and other highly-liquid
      investments with maturities of three months or less, when purchased, to be
      cash and cash equivalents.

2. Income taxes
   ------------

      For the period May 31, 1989 (date of inception) through December 31, 1990,
      the Company was  included in the  consolidated  income tax return of DRHC.
      For the two years  ended  December  31, 1992 and 1991,  respectively,  the
      Company (and its parent,  DRHC) were included in the  consolidated  income
      tax return of the Company's majority shareholder. As of December 31, 1993,
      the Company began filing its own separate  federal income tax return.  The
      Company  has no net  operating  loss  carryforwards  available  to  offset
      financial statement or tax return taxable income in future periods.

3. Earnings per share
   ------------------

      Earnings  per share is computed by  dividing  net income by the  composite
      weighted-average  number of shares of common stock outstanding  during the
      year.  As of  September  30, 1998 and 1997,  the Company has no issued and
      outstanding   securities,   options  or  warrants  that  would  be  deemed
      potentially dilutive in the current and future periods.


Note 3 - Subsequent Event

On February 28, 1999,  effective  as of January 1, 1999,  the Company  exchanged
1,000  shares of  restricted,  unregistered  common  stock with its then current
majority  shareholder for 100.0% of the issued and outstanding stock of Rosemont
Gardens Funeral Chapel-Cemetery, Inc. (a Mississippi corporation) (Rosemont). At
closing, Rosemont became a wholly-owned subsidiary of the Company






                                                                               7

<PAGE>



Part I - Item 2

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
   AND RESULTS OF OPERATIONS

(1)   Caution Regarding Forward-Looking Information

This  quarterly   report  contains   certain   forward-looking   statements  and
information relating to the Company that are based on the beliefs of the Company
or management as well as assumptions made by and information currently available
to  the  Company  or  management.   When  used  in  this  document,   the  words
"anticipate,"   "believe,"   "estimate,"   "expect"  and  "intend"  and  similar
expressions,  as they relate to the Company or its  management,  are intended to
identify forward-looking statements. Such statements reflect the current view of
the  Company   regarding  future  events  and  are  subject  to  certain  risks,
uncertainties  and  assumptions,  including the risks and  uncertainties  noted.
Should  one or more of  these  risks or  uncertainties  materialize,  or  should
underlying assumptions prove incorrect,  actual results may vary materially from
those  described  herein  as  anticipated,   believed,  estimated,  expected  or
intended. In each instance,  forward-looking information should be considered in
light of the accompanying meaningful cautionary statements herein.


(2)   Results of Operations

Pacific Great China Co., Ltd.  (Company)  was  incorporated  under the corporate
name of Professionalistics, Inc. on May 31, 1989, under the laws of the State of
Delaware, as a wholly-owned subsidiary of Debbie Reynolds Hotel and Casino, Inc.
(formerly Halter Venture Corporation),  a publicly-owned corporation (DRHC). The
Company  changed its name to Pacific  Great China Co.,  Ltd. on May 8, 1996 as a
result of an action by the  Company's  Board of Directors in  anticipation  of a
business  acquisition  or  merger  transaction.  Subsequently,  the  anticipated
business acquisition or merger transaction did not consummate.

On December  17,  1998,  the Company  changed  its state of  Incorporation  from
Delaware  to  Nevada  by means of a  merger  with and into a Nevada  corporation
formed solely for the purpose of effecting the reincorporation.  The Articles of
Incorporation  and  Bylaws  of  the  Nevada  corporation  are  the  Articles  of
Incorporation  and  Bylaws  of  the  surviving  corporation.  Such  Articles  of
Incorporation did not change the capital structure of the Company. The effect of
this action also changed the Company's name to United Community Holdings, Inc.

The  Company's  majority  shareholder  has  continued to maintain the  corporate
status of the Company and provides all nominal  working  capital  support on the
Company's  behalf.  Because  of the  Company's  lack of  operating  assets,  its
continuance  is fully  dependent  upon  the  majority  shareholder's  continuing
support.  The  majority  shareholder  intends to continue the funding of nominal
necessary expenses to sustain the corporate entity.

The  Company has had no  substantial  operations  or  substantial  assets  since
inception.  The  business  purpose  of the  Company  is to seek out and obtain a
merger,   acquisition  or  outright  sale  transaction   whereby  the  Company's
shareholders will benefit.

On November 19, 1998, the Company's  majority  shareholder sold 7,200,000 shares
of the 7,750,129  shares held to an unrelated  third party in  anticipation of a
reverse  merger  transaction  whereby  the  Company  would merge with and into a
privately held operating company during the first quarter of 1999.

The Company is considered in the  development  stage and, as such, has generated
no significant  operating revenues and has incurred cumulative  operating losses
of approximately $5,500.



                                                                               8

<PAGE>



(3)   Liquidity and capital resources

The Company has no operations,  assets or liabilities and, accordingly, is fully
dependent upon its  controlling  shareholder for operating  capital.  During the
period(s) presented herein, the Company was dormant and no advances were made or
expenses paid on the Company's behalf.

The  Company  has no plans or future  capital  requirements  due to its  dormant
status.


Part II - Other Information


Item 1 - Legal Proceedings

   None

Item 2 - Changes in Securities

   None

Item 3 - Defaults on Senior Securities

   None

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

   The Company has held no regularly  scheduled,  called or special  meetings of
   shareholders during the reporting period.

Item 5 - Other Information

   None

Item 6 - Exhibits and Reports on Form 8-K

   None






                (Remainder of this page left blank intentionally)




                                                                               9

<PAGE>



                                   SIGNATURES


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

                                          UNITED COMMUNITY HOLDINGS, INC.


March 8, 1999                             /s/ Kevin B. Halter, Jr.              
                                          --------------------------------------
                                                            Kevin B. Halter, Jr.
                                          President and Chief Accounting Officer







                                                                              10