UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

[xx] QUARTERLY  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE ACT
     OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2000

                        Commission file Number: 000-26517

                            EASTERN MANAGEMENT CORP.
                           (FORMERLY INFORETECH INC.)
        (Exact name of small business issuer as specified in its charter)

                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                   98-0204682
                     (I.R.S. Employer Identification Number)

                                   Suite 1500
                             885 West Georgia Street
                           Vancouver, British Columbia
                                     V6C 3E8

                    (Address of principal executive offices)

                                  (604)687-0717

                           (Issuer's telephone number)

State the number of shares outstanding of each of the issuer's classes of common
equity,  as of the latest  practicable  date:                     500,000 common
shares as at June 30, 2000

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



<PAGE>

                            EASTERN MANAGEMENT CORP.
                           (formerly Inforetech Inc.)

                                      INDEX

PART 1.  FINANCIAL INFORMATION

         Item 1.     Financial Statements

                     Consolidated Balance Sheets as of
                     June 30, 2000 and March 31, 2000

                     Consolidated Statements of Operations for the periods ended
                     June 30, 2000 and June 30, 1999

                     Consolidated  Statements  of Cash  Flows for
                     the periods ended June 30, 2000 and June 30,
                     1999

                     Consolidated Statements of Changes in Stockholders' Equity

                     Notes to Consolidated Financial Statements

         Item 2      Plan of Operations

PART II. OTHER INFORMATION

         SIGNATURES


<PAGE>

                         EASTERN MANAGEMENT CORPORATION
                           (FORMERLY INFORETECH INC.)
                          (A DEVELOPMENT STAGE COMPANY)

                              FINANCIAL STATEMENTS
                                   (UNAUDITED)

                                  JUNE 30, 2000

<PAGE>


EASTERN MANAGEMENT CORPORATION
(formerly inFOREtech Inc.)
(A Development Stage Company)
BALANCE SHEETS
(Unaudited)

<TABLE>
<CAPTION>
===============================================================================================================================
                                                                                                     June 30,        March 31,
                                                                                                         2000             2000
---------------------------------------------------------------------------------------------- --------------- ----------------
<S>                                                                                            <C>             <C>
ASSETS                                                                                         $           --  $           --
============================================================================================== =============== ================
LIABILITIES AND STOCKHOLDERS' EQUITY

ACCOUNTS PAYABLE                                                                               $        2,650  $           --
                                                                                               --------------  --------------

STOCKHOLDERS' EQUITY
    Capital stock (Note 4)

       Authorized
          100,000,000 common shares with a par value of $0.0001
       Issued and outstanding
          June 30, 2000 - 500,000 common shares
          March 31, 2000 - 500,000 common shares                                                           50               50
    Additional paid-in capital                                                                          8,052            8,052
    Deficit accumulated during the development stage                                                  (10,752)          (8,102)
                                                                                               --------------  ---------------

                                                                                                       (2,650)             --
                                                                                               --------------  --------------

                                                                                               $           --  $           --
============================================================================================== =============== ================
</TABLE>


   The accompanying notes are an integral part of these financial statements.

<PAGE>

EASTERN MANAGEMENT CORPORATION
(formerly inFOREtech Inc.)
(A Development Stage Company)
STATEMENTS OF OPERATIONS
(Unaudited)

<TABLE>
<CAPTION>
==============================================================================================================================
                                                                               Cumulative
                                                                                  Amounts
                                                                           From Inception
                                                                              on July 23,
                                                                                     1997       Three Month       Three Month
                                                                                       to      Period Ended      Period Ended
                                                                                March 31,          June 30,          June 30,
                                                                                     2000              2000              1999
----------------------------------------------------------------------- ------------------ ----------------- -----------------
<S>                                                                     <C>                <C>               <C>
EXPENSES
    Office and miscellaneous                                            $             50   $             --  $            --
    Professional fees                                                              8,052              2,650               --
                                                                        ----------------   ----------------  ---------------

LOSS FOR THE PERIOD                                                     $          8,102   $          2,650  $            --
======================================================================= ================== ================= =================

BASIC AND DILUTED LOSS PER SHARE                                                           $         (0.01)  $            --
======================================================================= ================== ================= =================

WEIGHTED AVERAGE NUMBER OF  SHARES OUTSTANDING                                                      500,000           500,000
======================================================================= ================== ================= =================
</TABLE>


   The accompanying notes are an integral part of these financial statements.

<PAGE>

EASTERN MANAGEMENT CORPORATION
(formerly inFOREtech Inc.)
(A Development Stage Company)
STATEMENTS OF CASH FLOWS
(Unaudited)

<TABLE>
<CAPTION>
==============================================================================================================================
                                                                               Cumulative
                                                                                  Amounts
                                                                           From Inception
                                                                              on July 23,
                                                                                     1997       Three Month       Three Month
                                                                                       to      Period Ended      Period Ended
                                                                                March 31,          June 30,          June 30,
                                                                                     2000              2000              1999
----------------------------------------------------------------------- ------------------ ----------------- -----------------
<S>                                                                     <C>                <C>               <C>
CASH FLOWS FROM OPERATING ACTIVITIES

    Loss for the period                                                 $        (10,752)  $         (2,650) $            --

    Items not affecting cash:
       Increase in accounts payable                                                2,650              2,650               --
       Stock issued for services                                                      50                 --
       Expenses paid by related party on behalf of Company                         8,052                 --               --
                                                                        ----------------   ----------------  ---------------

    Net cash used in operating activities                                             --                 --               --
                                                                        ----------------   ----------------  ---------------


CASH FLOWS FROM INVESTING ACTIVITIES

    Net cash used in investing activities                                             --                 --               --
                                                                        ----------------   ----------------  ---------------


CASH FLOWS FROM FINANCING ACTIVITIES

    Net cash provided by financing activities                                         --                 --               --
                                                                        ----------------   ----------------  ---------------


CHANGE IN CASH POSITION DURING THE PERIOD                                             --                 --               --


CASH POSITION, BEGINNING OF THE PERIOD                                                --                 --               --
                                                                        ----------------   ----------------  ---------------

CASH POSITION, END OF THE PERIOD                                        $             --   $             --  $            --
======================================================================= ================== ================= =================

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS:

    Cash paid for income taxes                                          $             --   $             --  $            --
    Cash paid for interest                                              $             --   $             --  $            --
======================================================================= ================== ================= =================

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING, AND
FINANCING ACTIVITIES

    Common shares issued for services                                   $             50   $             --  $            --
    Expenses paid by related party on behalf of Company                            8,052                 --               --
======================================================================= ================== ================= =================
</TABLE>


   The accompanying notes are an integral part of these financial statements.


<PAGE>


EASTERN MANAGEMENT CORPORATION
(formerly inFOREtech Inc.)
(A Development Stage Company)
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
(Unaudited)

<TABLE>
<CAPTION>
==============================================================================================================================
                                                                                                     Deficit
                                                                                                 Accumulated
                                                                                                      During
                                                     Common Stock                Additional              the            Total
                                           ---------------- ----------------        Paid-in      Development    Stockholders'
                                                    Shares           Amount         Capital            Stage           Equity
------------------------------------------ ---------------- ---------------- --------------- ---------------- ----------------
<S>                                        <C>              <C>              <C>             <C>              <C>
BALANCE, JULY 23, 1997                                 --   $           --   $           --  $           --   $           --

    Capital stock issued for services             500,000               50               --              --               50

    Loss for the period                                --               --               --             (50)             (50)
                                           --------------   --------------   --------------  --------------   --------------

BALANCE, MARCH 31, 1998 AND 1999                  500,000               50               --             (50)              --

    Shareholder capital contribution                   --               --            8,052              --            8,052

    Loss for the year                                  --               --               --          (8,052)          (8,052)
                                           --------------   --------------   --------------  --------------   --------------

BALANCE, MARCH 31, 2000                           500,000               50            8,052          (8,102)              --

    Loss for the period                                --               --               --          (2,650)          (2,650)
                                           --------------   --------------   --------------  --------------   --------------

BALANCE, JUNE 30, 2000                            500,000   $           50   $        8,052  $      (10,752)  $       (2,650)
========================================== ================ ================ =============== ================ ================
</TABLE>


   The accompanying notes are an integral part of these financial statements.


<PAGE>

EASTERN MANAGEMENT CORPORATION
(formerly inFOREtech Inc.)
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
(Unaudited)
JUNE 30, 2000

1. ORGANIZATION OF THE COMPANY

The Company was incorporated on July 23, 1997 under the laws of Nevada to engage
in any lawful business or activity for which corporations may be organized under
the laws of the State of Nevada.  On September 24, 1999, the Company changed its
name to inFOREtech  Inc. On January 17, 2000, the Company  changed its name back
to Eastern Management Corporation.

The Company  entered the  development  stage in  accordance  with  Statement  of
Financial  Accounting  Standards No. 7 on July 23, 1997. The Company is a "Blank
Check"  company  which plans to search for a suitable  business to merge with or
acquire. Operations since incorporation consisted primarily of obtaining capital
contributions by the initial investors and activities regarding the registration
of the offering with the Securities and Exchange Commission.

In the opinion of management,  the accompanying financial statements contain all
adjustments  necessary (consisting only of normal recurring accruals) to present
fairly the financial  information  contained  therein.  These  statements do not
include all disclosures required by generally accepted accounting principles and
should be read in  conjunction  with the  audited  financial  statements  of the
Company for the year ended March 31,  2000.  The results of  operations  for the
period ended June 30, 2000 are not  necessarily  indicative of the results to be
expected for the year ending March 31, 2001.

2. GOING CONCERN

The Company's  financial  statements are prepared  using the generally  accepted
accounting  principles  applicable to a going concern,  which  contemplates  the
realization  of assets and  liquidation  of  liabilities in the normal course of
business.  However,  the  Company  has no  current  source of  revenue.  Without
realization  of  additional  capital,  it would be  unlikely  for the Company to
continue as a going concern.  The Company's  management plans on advancing funds
on an as needed basis and in the longer term,  revenues  from the  operations of
the merger or acquisition candidate, if found. The Company's ability to continue
as a going concern is dependent on these additional  management  advances,  and,
ultimately, upon achieving profitable operations through a merger or acquisition
candidate.

<TABLE>
<CAPTION>
=========================================================================== =============== ================

                                                                                   June 30,        March 31,
                                                                                     2000             2000
--------------------------------------------------------------------------- --------------- ----------------
<S>                                                                         <C>             <C>
Deficit accumulated during the development stage                            $      (10,752) $        (8,102)
=========================================================================== =============== ================
</TABLE>

3. SIGNIFICANT ACCOUNTING POLICIES

USE OF ESTIMATES

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

<PAGE>

EASTERN MANAGEMENT CORPORATION
(formerly inFOREtech Inc.)
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
(Unaudited)
JUNE 30, 2000
--------------------------------------------------------------------------------

3. SIGNIFICANT ACCOUNTING POLICIES (cont'd.....)

LOSS PER SHARE

In February 1997, the Financial  Accounting  Standards Board issued Statement of
Financial Accounting Standards No. 128, "Earnings Per Share" ("SFAS 128"). Under
SFAS 128,  basic and  diluted  earnings  per  share are to be  presented.  Basic
earnings  per  share  is  computed  by  dividing  income   available  to  common
shareholders by the weighted average number of common shares  outstanding in the
period.  Diluted  earnings  per share  takes into  consideration  common  shares
outstanding  (computed under basic earnings per share) and potentially  dilutive
common shares.

INCOME TAXES

Income taxes are provided in accordance  with Statement of Financial  Accounting
Standards No. 109 ("SFAS 109"),  "Accounting  for Income Taxes".  A deferred tax
asset or liability is recorded for all temporary  differences  between financial
and tax reporting and net operating  loss  carryforwards.  Deferred tax expenses
(benefit)  result from the net change during the year of deferred tax assets and
liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of
management,  it is more likely than not that some portion or all of the deferred
tax  assets  will not be  realized.  Deferred  tax assets  and  liabilities  are
adjusted  for the  effects  of  changes  in tax  laws  and  rates on the date of
enactment.

COMPREHENSIVE INCOME

The Company has adopted  Statement of  Financial  Accounting  Standards  No. 130
("SFAS 130"), "Reporting Comprehensive Income". This statement establishes rules
for the reporting of  comprehensive  income and its components.  The adoption of
SFAS 130 had no impact on total stockholders' equity as of June 30, 2000.

ACCOUNTING FOR DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

In June 1998, the Financial Accounting Standards Board ("FASB") issued Statement
of  Financial  Accounting  Standards  No.  133  ("SFAS  133"),  "Accounting  for
Derivative  Instruments and Hedging Activities" which establishes accounting and
reporting standards for derivative instruments and for hedging activities.  SFAS
133 is effective for all fiscal  quarters of fiscal years  beginning  after June
15, 1999. In June 1999,  the FASB issued SFAS 137 to defer the effective date of
SFAS 133 to fiscal  quarters of fiscal years  beginning after June 15, 2000. The
Company  does not  anticipate  that the  adoption of the  statement  will have a
significant impact on its financial statements.

STOCK-BASED COMPENSATION

Statement of Financial Accounting Standards No. 123, "Accounting for Stock-Based
Compensation,"   encourages,   but  does  not   require,   companies  to  record
compensation cost for stock-based employee compensation plans at fair value. The
Company  has chosen to account for  stock-based  compensation  using  Accounting
Principles  Board Opinion No. 25,  "Accounting  for Stock Issued to  Employees."
Accordingly  compensation  cost for stock options is measured as the excess,  if
any, of the quoted market price of the Company's  stock at the date of the grant
over the amount an employee is required to pay for the stock.

<PAGE>

EASTERN MANAGEMENT CORPORATION
(formerly inFOREtech Inc.)
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
(Unaudited)
JUNE 30, 2000
--------------------------------------------------------------------------------

4. CAPITAL STOCK

The Company's  authorized capital stock consists of 100,000,000 shares of common
stock,  with a par value of $0.0001 per share.  All shares of common  stock have
equal voting rights and, when validly  issued and  outstanding,  are entitled to
one vote per share in all matters to be voted upon by  shareholders.  The shares
of common stock have no  pre-emptive,  subscription,  conversion  or  redemption
rights and may be issued only as fully paid and non-assessable  shares.  Holders
of  the  common  stock  are  entitled  to  share   pro-rata  in  dividends   and
distributions  with respect to the common stock, as may be declared by the Board
of Directors out of funds legally available.

On July 18, 1997, the Company issued 500,000 shares of common stock for services
at a deemed value of $50.

On September 21, 1999,  the Company  implemented a 31:1 forward stock split.  On
April 3, 2000, the Company  reversed the previous 31:1 forward stock split.  The
statements  of  changes  in  stockholders'  equity  have been  restated  to give
retroactive recognition of the stock split and reverse stock split. In addition,
all  references  to number of shares and per share  amounts of common stock have
been restated to reflect the stock split and reverse stock split.

Proposed public offering of common stock

The Company has commenced with a "Blank Check"  offering  subject to Rule 419 of
the Securities Act of 1933, as amended,  for 100,000 common shares to be sold at
a price of $1.00 per share.

Rule 419 requirements

Rule 419 requires  that offering  proceeds,  after  deduction  for  underwriting
commissions, underwriting expenses and deal allowances issued, be deposited into
an escrow or trust account (the  "Deposited  Funds" and "Deposited  Securities",
respectively)  governed  by  an  agreement  which  contains  certain  terms  and
provisions  specified  by the Rule.  Under  Rule 419,  the  Deposited  Funds and
Deposited  Securities  will be released  to the  company  and to the  investors,
respectively,  only  after  the  company  has  met  the  following  three  basic
conditions.   First,   the  company   must  execute  an   agreement(s)   for  an
acquisition(s)  meeting certain  prescribed  criteria.  Second, the company must
file a post-effective  amendment to the registration statement that includes the
terms of a reconfirmation  offer that must contain conditions  prescribed by the
rules. The post-effective  amendment must also contain information regarding the
acquisition  candidate(s)  and its  business(es),  including  audited  financial
statements.  The agreement(s)  must include,  as a condition  precedent to their
consummation, a requirement that the number of investors representing 80% of the
maximum proceeds must elect to reconfirm their  investments.  Third, the company
must  conduct  the  reconfirmation  offer  and  satisfy  all of  the  prescribed
conditions,  including  the condition  that  investors  representing  80% of the
Deposited Funds must elect to remain  investors.  The  post-effective  amendment
must also include the terms of the  reconfirmation  offer  mandated by Rule 419.
The reconfirmation offer must include certain prescribed conditions that must be
satisfied  before the Deposited  Funds and Deposited  Securities can be released
from escrow.  After the company  submits a signed  representation  to the escrow
agent  that  the   requirements  of  Rule  419  have  been  met  and  after  the
acquisition(s) is consummated,  the escrow agent can release the Deposited Funds
and Deposited Securities.  Investors who do not reconfirm their investments will
receive the return of a pro-rata  portion  thereof;  and in the event  investors
representing  less than 80% of the Deposited Funds reconfirm their  investments,
the Deposited Funds will be returned to the investors on a pro-rata basis.

<PAGE>

EASTERN MANAGEMENT CORPORATION
(formerly inFOREtech Inc.)
(A Development Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
(Unaudited)
JUNE 30, 2000
--------------------------------------------------------------------------------

5. INCOME TAXES

The Company's total deferred tax asset at June 30 is as follows:

<TABLE>
<CAPTION>
=========================================================================== =============== ==============

                                                                                  June 30,      March 31,
                                                                                      2000           2000
--------------------------------------------------------------------------- --------------- --------------
<S>                                                                         <C>             <C>
Tax benefit of net operating loss carryforward                              $       1,613   $       1,215
Valuation allowance                                                                (1,613)         (1,215)
                                                                            -------------   -------------

                                                                            $          --   $          --
=========================================================================== =============== ==============
</TABLE>

The Company has a net operating  loss  carryforward  of  approximately  $10,752,
which if not used,  will expire  between the years of 2019 and 2020. The Company
has provided a full valuation allowance on the deferred tax asset because of the
uncertainty regarding realizability.

6. RELATED PARTY TRANSACTIONS

The Company  does not maintain a checking  account and all expenses  incurred by
the Company are paid by an affiliate.  For the three month period ended June 30,
2000, the Company accrued $2,650 for  professional  fees. The affiliate does not
expect  to be  repaid  for  the  expenses  it  pays on  behalf  of the  Company.
Accordingly, as the expenses are paid, they are classified as additional paid-in
capital.

<PAGE>

                               PLAN OF OPERATIONS

The following discussion of the plan of operations of the Company should be read
in  conjunction  with the  financial  statements  and the related  notes thereto
included  elsewhere in this quarterly report for the three months ended June 30,
2000. This quarterly report contains certain forward-looking  statements and the
Company's future operation  results could differ materially from those discussed
herein.

Introduction
------------

We seek to acquire  assets or shares of a business that generates  revenues,  in
exchange for our shares. When our registration statement becomes effective,  our
President will attempt to find an acquisition  candidate.  Our President has not
engaged in any preliminary contact or discussions with any representative of any
other company  regarding the  possibility  of an acquisition or merger as of the
date of our registration statement.

We  will  provide  our  shareholders  with  complete  disclosure   documentation
concerning potential business opportunities. Disclosure is expected to be in the
form of a proxy or information statement.

Our director intends to obtain certain assurances of value, including statements
of assets and liabilities,  material contracts or accounts receivable statements
before closing a transaction.

We will remain a shell  corporation  until a merger or acquisition  candidate is
identified.  It is anticipated that our cash requirements  will be minimal,  and
that all necessary capital will be provided by the directors or officers.  We do
not  anticipate  having to raise  capital in the next twelve  months.  We do not
expect to acquire any plant or significant equipment.

We have not,  and do not intend to enter into,  any  arrangement,  agreement  or
understanding   with   non-management   shareholders   allowing   non-management
shareholders  to  directly  or  indirectly   participate  in  or  influence  our
management of the Company.

We have no full time  employees.  Mr. Jason John is our only part time employee.
Mr. John has agreed to allocate a portion of his time to our activities, without
compensation.  Mr. John anticipates that our business plan can be implemented by
him devoting  approximately five (5) hours per month to our business affairs. We
do not expect any significant changes in the number of employees.

General Business Plan
---------------------

Our purpose is to acquire an interest  in a business  which seeks the  perceived
advantages of an Exchange Act registered  corporation.  We will not restrict our
search to any specific business or industry.  Management anticipates that it may
be able to participate in only one potential  business  venture  because we have
nominal assets and limited financial resources.

We may seek a business  combination with companies that have recently  commenced
operations.  It is likely that any  business we select will  require  additional
capital to expand into new products or markets.

<PAGE>

We anticipate that the selection of a business  opportunity  will be complex and
extremely  risky.  Due  to  general  economic  conditions,  rapid  technological
advances and  shortages  of available  capital,  management  believes  there are
numerous  firms  seeking  the  perceived  benefits  of  a  publicly   registered
corporation.  Business  opportunities  may occur in different  industries and at
various stages of development.

We currently have no capital to provide to the owners of business opportunities.
However,  management  believes  we will be able to offer  owners of  acquisition
candidates  the  opportunity  to acquire a controlling  ownership  interest in a
publicly  registered  company  without  incurring  the cost and time required to
conduct an initial public offering.

The analysis of new business  opportunities will be undertaken by Mr. Jason John
who is not a professional business analyst. Management intends to concentrate on
identifying business  opportunities that may be brought to our attention through
Mr.   John's   business   associations.   In  analyzing   prospective   business
opportunities, management will consider:

     *    the available technical, financial and managerial resources;
     *    working capital and other financial requirements;
     *    history of operations, if any;
     *    prospects for the future;
     *    nature of present and expected competition;
     *    the  quality  and  experience  of  management  services  that  may  be
          available and the depth of that management;
     *    the potential for further research, development, or exploration;
     *    specific  risk  factors  which  could be  anticipated  to  impact  our
          proposed activities;
     *    the potential for growth or expansion;
     *    the potential for profit;
     *    the perceived public recognition of acceptance of products,  services,
          or trades;
     *    name identification; and
     *    other relevant factors.

We expect to meet  personally  with management and key personnel of the business
opportunity as part of our due diligence investigation.  To the extent possible,
we intend to utilize  written  reports and personal  investigations  to evaluate
businesses.  We will not acquire or merge with any company  that cannot  provide
audited financial statements within a reasonable period of time after closing of
the proposed transaction.

Our  management  will rely upon their own efforts and, to a much lesser  extent,
the efforts of our shareholders,  in accomplishing our business purposes.  We do
not anticipate using outside  consultants or advisors,  except for legal counsel
and accountants.  If we do retain an outside consultant or advisor, any cash fee
will be paid by the prospective merger/acquisition candidate, as we have no cash
assets.

We anticipate that we will incur nominal expenses in the  implementation  of our
business  plan.  Because we have no capital to pay these  anticipated  expenses,
present management will pay these charges with their personal funds, as interest
free loans. If additional  funding is necessary,  management and or shareholders
will continue to provide capital or arrange for additional outside funding. If a
merger candidate cannot be found within a reasonable period of time,  management
will not continue to provide capital.

<PAGE>

How Our Acquisition May be Structured
-------------------------------------

To  close  our  business  acquisition,  we  may  become  a  party  to a  merger,
consolidation,  reorganization,  joint  venture,  or  licensing  agreement  with
another  corporation  or  entity.  We may also  acquire  stock or  assets  of an
existing  business.  On closing,  it is probable that our present management and
shareholders  will no longer be in control.  In addition,  our directors may, as
part of the terms of the acquisition transaction,  resign and be replaced by new
directors  without  a vote of our  shareholders.  Management  may  negotiate  or
consent to the  purchase of all or a portion of our stock.  Any terms of sale of
the shares  presently held by officers and/or directors will be also afforded to
all other  shareholders on similar terms and conditions.  All sales will be made
in compliance  with the securities  laws of the United States and any applicable
state.

Management may visit material  facilities,  obtain  independent  verification of
information  and check  references  of  management  and key  personnel.  We will
participate in a business  opportunity only after the negotiation and signing of
appropriate written agreements.

Negotiations  with  target  company  management  are  expected  to  focus on the
percentage of our company that the target company shareholders will acquire. Our
percentage  ownership in the combined company will likely be significantly lower
than our current ownership interest.

Competition
-----------

We  are  an  insignificant  participant  among  the  firms  that  engage  in the
acquisition  of  business  opportunities.  There  are many  established  venture
capital groups and financial concerns that have significantly  greater financial
and  personnel  resources  and  technical  expertise  than we do. In view of our
extremely limited  financial  resources and limited  management  availability we
will continue to be at a significant competitive disadvantage.

                                     PART II
                                OTHER INFORMATION

Item 1.  LEGAL PROCEEDINGS

         None

Item 2   CHANGES IN SECURITIES AND USE OF PROCEEDS

         None

Item 3   DEFAULTS UPON SENIOR SECURITIES

         None

Item 4   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         None

Item 5   OTHER INFORMATION

         None

<PAGE>

Item 6   EXHIBITS AND REPORTS ON FORM 8-K

         (a) Exhibits

         Exhibit 27.1 Financial Data Schedule

         (b) Reports on Form 8-K

         A Form 8K was filed on April 3, 2000 stating:

         On September 27, 1999, seven corporate shareholders and four individual
         shareholders reported on Schedule 13D under the Securities and Exchange
         Act of 1934 that they had acquired 500,000 common shares of the Company
         or 100% of the Company's issued common shares. Subsequent to the filing
         of the  Schedule  13D,  the  share  purchase  agreement  was  rescinded
         resulting in the  Company's  original  shareholders  maintaining  their
         interest in the Company's common shares.

         The  Company's  original   shareholders  were  all  party  to  lock  up
         agreements  which are  described in detail in the  Company's  Form 10SB
         which was filed with the Securities and Exchange Commission on June 28,
         1999. The share purchase agreement was entered into in contemplation of
         a business  acquisition  by the  Company  which  would  have  permitted
         termination of the original shareholders' lock up agreements.

         The Company's  initial business purpose remains  unchanged,  namely, to
         investigate business opportunities  presented to it by persons or firms
         who or which  desire  the  advantages  of  reporting  status  under the
         Securities  and  Exchange  Act of 1934.  The  Company  remains a "blank
         check"  company and  management  continues to seek  potential  business
         opportunities for development by the Company.

                                   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.

                            EASTERN MANAGEMENT CORP.

                           (formerly Inforetech Inc.)

Dated:  August 10, 2000             Per:     /s/ Jason John
                                             --------------
                                              Jason John, President and Director