UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

[X]  Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934
                  For the quarterly period ended March 31, 2001

[X]  Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of
     1934 For the transition period ________ to

                        Commission File Number 000-27233


                             UNITED MANAGEMENT, INC.
--------------------------------------------------------------------------------
        (Exact name of small Business Issuer as specified in its charter)



           Nevada                                         98-0204736
---------------------------------             ----------------------------------
(State or other jurisdiction of               (IRS Employer Identification No.)
incorporation or organization)


Suite 104-1456 St. Paul Street
Kelowna, BC                                                       V1Y 2E6
------------------------------------------                  --------------------
(Address of principal executive offices)                    (Postal or Zip Code)


          Issuer's telephone number, including area code: 250-868-8445


                                      None
--------------------------------------------------------------------------------
             (Former name, former address and former fiscal year, if
                           changed since last report)


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the issuer was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days [ X ] Yes [ ] No

State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest practicable date: 788,420 Shares of $0.0001 par value
Common Stock outstanding as of March 31, 2001.

Transitional Small Business Disclosure Format: Yes ___ No X

This document consists of 15 pages, excluding exhibits. The Exhibit Index is on
page 14.

<PAGE>

                         PART 1 - FINANCIAL INFORMATION


Item 1.       Financial Statements


The accompanying unaudited financial statements have been prepared in accordance
with the instructions to Form 10-QSB and Item 310 (b) of Regulation S-B, and,
therefore, do not include all information and footnotes necessary for a complete
presentation of financial position, results of operations, cash flows, and
stockholders' equity in conformity with generally accepted accounting
principles. In the opinion of management, all adjustments considered necessary
for a fair presentation of the results of operations and financial position have
been included and all such adjustments are of a normal recurring nature.
Operating results for the nine months ended March 31, 2001 are not necessarily
indicative of the results that can be expected for the year ending June 30,
2001.










                                       2
<PAGE>

<TABLE>
                                 UNITED MANAGEMENT, INC.
                              (A Development Stage Company)

                                      BALANCE SHEET
                                (Stated in U.S. Dollars)
<CAPTION>

---------------------------------------------------------------- ------------ -----------
                                                                    MARCH 31    JUNE 30
                                                                     2001        2000
---------------------------------------------------------------- ------------ -----------

ASSETS

<S>                                                                <C>          <C>
Restricted Cash (Note 4)                                           $ 116,438    $    --
================================================================   =========    =========

LIABILITIES

Current
    Accounts payable and accrued liabilities                       $  58,690    $   3,235
    Loans payable                                                     13,106         --
                                                                   ---------    ---------
                                                                      71,796        3,235

Common Shares Subject To Reconfirmation (Note 4)                     115,368         --
                                                                   ---------    ---------
                                                                     187,164        3,235
                                                                   ---------    ---------

ShareHOLDERS' DEFICIENCY

Share Capital (Note 4)
    Authorized:
       100,000,000 common shares, par value $0.0001 per share

    Issued and Outstanding:
           500,000 common shares at March 31, 2001 and
               at June 30, 2000                                           50           50

    Additional paid in capital                                        15,670       15,670

Deficit                                                              (86,446)     (18,955)
                                                                   ---------    ---------
                                                                     (70,726)      (3,235)
                                                                   ---------    ---------

                                                                  $  116,438    $    --
================================================================   =========    =========
</TABLE>

                                       3


<PAGE>
<TABLE>
                                   UNITED MANAGEMENT, INC.
                                (A Development Stage Company)

                             STATEMENT OF OPERATIONS AND DEFICIT
                                 (Stated in U.S. Dollars)
<CAPTION>

------------------------------------------------------- ------------------------- ------------------------- ------------
                                                                                                             INCEPTION
                                                                                                             JANUARY 29
                                                           THREE MONTHS ENDED         NINE MONTHS ENDED       1997 TO
                                                               MARCH 31                   MARCH 31            MARCH 31
                                                           2001         2000          2001          2000        2001
------------------------------------------------------- ----------- ------------- ------------ ------------ ------------

<S>                                                      <C>          <C>          <C>          <C>          <C>
Expenses
     Office and sundry                                   $     210    $   1,396    $   4,653    $   4,096    $  11,280
     Professional fees                                      34,976          870       63,908        6,257       76,186
     Stock based compensation for organizational costs        --           --           --           --             50
                                                         ---------    ---------    ---------    ---------    ---------
                                                            35,186        2,266       68,561       10,353       87,516
Less:  Interest Income                                      (1,070)        --         (1,070)        --         (1,070)
                                                         ---------    ---------    ---------    ---------    ---------

Net Loss For The Period                                     34,116        2,266       67,491       10,353    $  86,446
                                                                                                             =========

Deficit, Beginning Of Period                                52,330        8,137       18,955           50
                                                         ---------    ---------    ---------    ---------

Deficit, End Of Period                                   $  86,446    $  10,403    $  86,446    $  10,403
                                                         =========    =========    =========    =========


Net Loss Per Share                                       $   (0.04)   $   (0.01)   $   (0.11)   $   (0.02)
                                                         =========    =========    =========    =========


Weighted Average Number Of Shares Outstanding              788,420      500,000      627,368      500,000
                                                         =========    =========    =========    =========

</TABLE>


                                       4

<PAGE>

<TABLE>
                                     UNITED MANAGEMENT, INC.
                                  (A Development Stage Company)

                                     STATEMENT OF CASH FLOWS
                                     (Stated in U.S. Dollars)

<CAPTION>


------------------------------------------------------------  ------------------------- ------------------------- -----------
                                                                                                                   INCEPTION
                                                                                                                   JANUARY 29
                                                                 THREE MONTHS ENDED         NINE MONTHS ENDED       1997 TO
                                                                      MARCH 31                   MARCH 31           MARCH 31
                                                                  2001         2000         2001         2000         2001
------------------------------------------------------------  ------------ ------------ ------------ ------------ -----------

<S>                                                            <C>          <C>          <C>          <C>          <C>
Cash Flows From Operating Activities
     Net loss for the period                                   $ (34,116)   $  (2,266)   $ (67,491)   $ (10,353)   $ (86,446)
     Non-cash transactions:
       Stock-based compensation for organizational costs            --           --           --           --             50
       Third party expenses paid by affiliate on behalf
         of the Company, recorded as additional paid-in
         capital                                                    --          2,983         --         10,545       15,670

Adjustments To Reconcile Net Loss To Net Cash Used
 By Operating Activities
    Accounts payable and accrued liabilities                      35,186         (717)      55,455         (192)      58,690
    Loans payable                                                   --           --         13,106         --         13,106
                                                               ---------    ---------    ---------    ---------    ---------
                                                                   1,070         --          1,070         --          1,070
                                                               ---------    ---------    ---------    ---------    ---------

Cash Flows From Financing Activity
    Common stock subject to reconfirmation                          --           --        115,368         --        115,368
                                                               ---------    ---------    ---------    ---------    ---------

Change In Cash                                                     1,070         --        116,438         --        116,438

Cash, Beginning Of Period                                        115,368         --           --           --           --
                                                               ---------    ---------    ---------    ---------    ---------

Cash, End Of Period                                            $ 116,438    $    --      $ 116,438    $    --      $ 116,438
============================================================   =========    =========    =========    =========    =========
</TABLE>


                                       5

<PAGE>

<TABLE>
                                UNITED MANAGEMENT, INC.
                             (A Development Stage Company)

                         STATEMENT OF SHAREHOLDERS' DEFICIENCY

                                    MARCH 31, 2001
                               (Stated in U.S. Dollars)

<CAPTION>
                                                                              ADDITIONAL
                                                                               PAID-IN
                                                      SHARES       AMOUNT      CAPITAL       DEFICIT       TOTAL
                                                     --------     --------    ----------    ---------     --------

<S>                                                   <C>         <C>          <C>          <C>           <C>
Shares Issued For Cash At $0.0001                     500,000     $     50     $   --       $    (50)     $   --
                                                     --------     --------     --------     --------      --------

Balance, June 30, 1997 And 1998                       500,000           50         --            (50)         --

Loss For The Year                                        --           --           --         (1,973)       (1,973)
                                                     --------     --------     --------     --------      --------

Balance, June 30, 1999                                500,000           50         --         (2,023)       (1,973)

Third Party Expenses Paid By Affiliate On Behalf
  Of The Company, recorded as additional paid-in
  capital                                                --           --         15,670         --          15,670

Loss For The Year                                        --           --           --        (16,932)      (16,932)
                                                     --------     --------     --------     --------      --------

Balance, June 30, 2000                                500,000           50       15,670      (18,955)       (3,235)

Loss For The Period                                      --           --           --        (67,491)      (67,491)
                                                     --------     --------     --------     --------      --------

Balance, March 31, 2001                               500,000     $     50     $ 15,670     $(86,446)     $(70,726)
                                                     ========     ========     ========     ========      ========

</TABLE>












                                       6


<PAGE>

                             UNITED MANAGEMENT, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                 MARCH 31, 2001
                            (Stated in U.S. Dollars)



1.     BASIS OF PRESENTATION

       The unaudited financial statements as of March 31, 2001 included herein
       have been prepared without audit pursuant to the rules and regulations of
       the Securities and Exchange Commission. Certain information and footnote
       disclosures normally included in financial statements prepared in
       accordance with United States generally accepted principles have been
       condensed or omitted pursuant to such rules and regulations. In the
       opinion of management, all adjustments (consisting of normal recurring
       accruals) considered necessary for a fair presentation have been
       included. It is suggested that these financial statements be read in
       conjunction with the June 30, 2000 audited financial statements and notes
       thereto.


2.     NATURE OF OPERATIONS

       a)     Organization

              The Company was incorporated in the State of Nevada, U.S.A. on
              January 29, 1997.

       b)     Development Stage Activities

              The Company has been in the development stage since inception and
              has no operations to date.


3.     SIGNIFICANT ACCOUNTING POLICIES

       The financial statements of the Company have been prepared in accordance
       with generally accepted accounting principles in the United States.
       Because a precise determination of many assets and liabilities is
       dependent upon future events, the preparation of financial statements for
       a period necessarily involves the use of estimates which have been made
       using careful judgement.

       The financial statements have, in management's opinion, been properly
       prepared within reasonable limits of materiality and within the framework
       of the significant accounting policies summarized below:

       a)     Development Stage Company

       The Company is a development stage company as defined in the Statements
       of Financial Accounting Standards No. 7. The Company is devoting
       substantially all of its present efforts to establish a new business and
       none of its planned principal operations have commenced. All losses
       accumulated since inception have been considered as part of the Company's
       development stage activities.

                                       7
<PAGE>
                             UNITED MANAGEMENT, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                 MARCH 31, 2001
                            (Stated in U.S. Dollars)



3.     SIGNIFICANT ACCOUNTING POLICIES (Continued)

       b)     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 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 for the reporting
              period. Actual results could differ from these estimates.

       c)     Income Taxes

              The Company has adopted Statement of Financial Accounting
              Standards No. 109 - "Accounting for Income Taxes" (SFAS 109). This
              standard requires the use of an asset and liability approach for
              financial accounting and reporting on income taxes. If it is more
              likely than not that some portion or all if a deferred tax asset
              will not be realized, a valuation allowance is recognized.

       d)     Financial Instruments

              The Company's financial instruments consist of accounts payable
              and accrued liabilities, and loans payable.

              Unless otherwise noted, it is management's opinion that this
              Company is not exposed to significant interest or credit risks
              arising from these financial instruments. The fair value of these
              financial instruments approximate their carrying values, unless
              otherwise noted.

       e)     Net Loss Per Share

              The loss per share is calculated using the weighted average number
              of common shares outstanding during the year. Fully diluted loss
              per share is not presented, as the impact of the exercise of
              options is anti-dilutive.


                                       8
<PAGE>

                             UNITED MANAGEMENT, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                 MARCH 31, 2001
                            (Stated in U.S. Dollars)


4.     SHARE CAPITAL

       In December 2000, the Company completed an initial public offering of
       288,420 common shares at $0.40 per share for cash proceeds of $115,368.
       The proceeds of the offering and the common shares issued pursuant
       thereto are being held in an escrow account, and shall remain in the
       escrow account until an acquisition meeting specific criteria is
       completed. Before the acquisition can be completed, and before the
       deposited funds and deposited securities can be released to the Company
       and the investors, respectively, the Company is required to update its
       registration statement with a post-effective amendment, and within five
       business days after the effective date thereof, the Company is required
       to furnish the investors with the prospectus produced thereby containing
       the terms of a reconfirmation offer and information regarding the
       proposed acquisition candidate and its business. Investors must have no
       fewer than 20 and no more than 45 business days from the effective date
       of the post-effective amendment to decide to reconfirm their investment
       and remain an investor or, alternately, require the return of their
       investment. Each investor shall have 20 business days from the date of
       this prospectus to reconfirm their investment. Any investor not making
       any decision within the 20 business day period will automatically have
       their investment returned.

       If the Company does not complete an acquisition meeting the specified
       criteria within 18 months of the effective date of its initial public
       offering, all of the deposited funds in the escrow account must be
       returned to investors.

5.     ACQUISITION AGREEMENT

       In December 2000, the Company executed an agreement with RRUN Ventures
       Inc., a private Nevada corporation, and its shareholders to acquire all
       of the issued and outstanding common shares of RRUN Ventures Inc. in
       exchange for 305,439 of the Company's common shares. Consummation of this
       transaction is conditional, among other things, upon the acceptance of
       the reconfirmation offer by the holders of at least 80% of the common
       shares subscribed for in the initial public offering described in Note 4.



                                       9
<PAGE>

Item 2.  Management's Discussion and Analysis or Plan of Operations

We were organized as a Nevada corporation on January 29, 1997 for the purpose of
creating a corporate vehicle to seek, investigate and, if such investigation
warrants, acquire an interest in business opportunities presented to us by
persons or firms who or which desire to employ our funding in their business or
to seek the perceived advantages of a publicly-held corporation. In December
2000, we completed an initial public offering of 288,420 shares of our common
stock at a price of $.40 per share pursuant to a registration statement that
became effective with the Securities and Exchange Commission on November 28,
2000. In December 2000, the Company executed an agreement with RRUN Ventures,
Inc., a Nevada corporation, and its shareholders to acquire all of the issued
and outstanding shares of capital stock of RRUN Ventures, Inc. in exchange for
305,439 shares of our common stock. RRUN's core business venture is RAHX, a
platform that uses Peer to Peer (P2P) technologies to enable and enhance the
distribution of digital media files over the Internet.

In December 2000, we commenced negotiations to acquire RRUN. The President of
RRUN is Ray Hawkins, who also serves as CEO. RRUN indicated that it was
interested in seeking the perceived advantages of a publicly-held corporation
and requested information from us. In turn, we requested and received background
information on RRUN including certain financial information. Once such
information was exchanged, the parties began to negotiate the structure of the
transaction. The Company indicated that it was interested in acquiring all of
the outstanding capital stock of RRUN so that RRUN would be a wholly-owned
subsidiary. RRUN indicated that such structure would be acceptable provided that
the current shareholders of RRUN received such number of shares of common stock
which would in the aggregate represent at least 51% of our outstanding shares of
common stock. An agreement was thereupon drafted and in December 2000, we
executed the agreement with RRUN and its shareholders to acquire 100% of the
stock of RRUN in exchange for 305,439 shares of our common stock.

288,420 shares of common stock were offered at a purchase price of $.40 per
share on a "best efforts, all or none" basis. The offering was conducted
directly by the Company without the use of a professional underwriter and was
completed in December 2000. A prospectus will be furnished to investors in the
offering for such investors to consider reconfirming their investment as a
result of our proposed acquisition.

There are presently 500,000 shares of common stock outstanding of an authorized
issuance of 100,000,000 shares of common stock. If the acquisition is completed,
593,859 shares of common stock will be outstanding. The 500,000 shares
originally issued shares will be returned to us and cancelled.

After the post-effective amendment is declared effective, we will commence the
reconfirmation offering. Upon reconfirmation, we will notify the escrow agent to
release the proceeds and the securities to us. We will distribute the
certificates to the shareholders. Investors will receive a supplement to the
prospectus indicating the amount of proceeds and securities released and the
date of release.


                                       10
<PAGE>

Item 2.   Management's Discussion and Analysis or Plan of Operations (Continued)

We are a blank check company and, consequently, this reconfirmation offering is
being conducted in compliance with Rule 419. The investors have certain rights
and will receive the substantive protection provided by the rule. To that end,
the securities purchased by investors and the funds received in our initial
public offering are deposited and held in an escrow account established pursuant
to Rule 419, and shall remain in the escrow account until an acquisition meeting
specific criteria is completed. Before the acquisition can be completed and
before the deposited funds and deposited securities can be released to us and
the investors, respectively, we are required to update the registration
statement with a post-effective amendment, and within five business days after
the effective date thereof, we are required to furnish the investors with the
prospectus produced thereby containing the terms of a reconfirmation offer and
information regarding the proposed acquisition candidate and its business,
including audited financial statements. According to Rule 419, investors must
have no fewer than 20 and no more than 45 business days from the effective date
of the post-effective amendment to decide to reconfirm their investment and
remain an investor or, alternately, require the return of their investment. Each
investor shall have 20 business days from the date of this prospectus to
reconfirm his/her investment. Any investor not making any decision within the 20
business day period will automatically have his/her investment returned.

The rule further provides that if we do not complete an acquisition meeting the
specified criteria within 18 months of the effective date of the initial public
offering, all of the deposited funds in the escrow account must be returned to
investors.

The terms of the merger are set forth in the Reorganization Agreement dated
December 18, 2000 and consummation of the merger is conditioned upon, among
other things, the acceptance of the reconfirmation offer by holders of at least
80% of the shares owned by the investors. As a result of the consummation of the
merger, RRUN will be merged into United Management, with United Management as
the surviving entity. We will then change our name to RRUN Ventures, Inc. Upon
consummation of the merger, (i) each shareholder who holds shares of our common
stock registered pursuant to a registration statement declared effective by the
SEC on November 28, 2000 prior to the merger and who accepts the reconfirmation
offer shall continue to hold his or her share certificate(s) representing our
registered common stock; and (ii) each stockholder of registered common stock
who rejects the reconfirmation offer will be paid his or her pro rata share of
the amount in the escrow account of $.40 per share. At the effective date of the
merger, 100% of the issued and outstanding shares of RRUN shall be canceled. We
shall issue 305,439 shares of our common stock to RRUN shareholders after the
effective date, and our current shareholders shall own 288,420 shares,
representing 48.6% of the surviving entity.

Our board of directors believes that the merger represents a good investment
opportunity for our shareholders and recommends that the investors elect to
accept the reconfirmation offering. The merger agreement was approved by the
directors and shareholders of RRUN by written consent dated December 18, 2000.
The merger agreement was confirmed by the unanimous consent of the directors on
December 18, 2000.


                                       11
<PAGE>
Item 2.   Management's Discussion and Analysis or Plan of Operations (Continued)

Although we are the legal surviving corporation, for accounting purposes, the
merger is treated as a purchase business acquisition of United Management by
RRUN in a reverse acquisition, and a recapitalization of RRUN. RRUN is the
acquirer for accounting purposes because the former RRUN stockholders received
the larger portion of the common stockholder interests and voting rights
retained by the our former stockholders. Because RRUN is the acquirer for
accounting purposes under APB Opinion No. 16, the surviving entity shall adopt
RRUN's fiscal year end, December 31.

In our initial public offering, we generated $115,368 in proceeds. No portion of
the deposited funds has been or will be expended to merge RRUN into us. The
deposited funds will be transferred to us pursuant to the merger agreement if
and when a business combination is effected.

RRUN Ventures, Inc.'s core business venture is RAHX, a software platform that
uses Peer to Peer (P2P) technologies to enable and enhance the distribution of
digital media files over the Internet. P2P technologies allow users to exchange
digital media files directly from their computers. RAHX focuses on providing
both owners and consumers of media-related content a suite of software products
that address their respective needs. RRUN expects to launch the RAHX venture
before the end of 2001, in order to take advantage of the sudden growth in the
file exchange industry.

RAHX is used in congruence with the product, RAHXWARE, the software which users
use to connect to RAHX.

Upon closing of the merger with United Management Inc., RRUN will require
additional funds to finance its operations. RRUN plans to seek financing within
six (6) months of the merger to capitalize its funding requirements. This
financing is intended to satisfy its cash needs for the first twelve (12) to
eighteen (18) months of operations. To further fund RRUN's business efforts it
plans to meet the requirements to complete a listing on the NASDAQ Small Cap
Market and subsequently execute a secondary offering of its common stock. This
proposed listing on the NASDAQ Small Cap Market is planned for eighteen (18) to
twenty-four (24) months after the closing of the merger between RRUN and United
Management Inc.

To ensure the necessary funds will be raised for RRUN, it has begun to develop a
relationship with an international investment banking firm.

Over the first twelve (12) months of operations, RRUN plans to conduct
significant product research and development (R & D) for it's Peer to Peer (P2P)
product, RAHX. From system architecture design to working prototype and Alpha
and Beta releases, RRUN seeks to develop RAHX within an accelerated product
cycle of six (6) to nine (9) months.

Within the first year of operation RRUN intends to invest significantly in
equipment to be used in developing products, the RAHX back end technology and
corporate file servers. RRUN will continue its main operations out of its
Vancouver, BC facility and intends to open business development offices in New
York and Los Angeles.


                                       12
<PAGE>

RRUN anticipates that its staffing levels of RRUN will increase significantly to
approximately 50 employees over the first year of operations to properly execute
its business plan and to support its aggressive growth strategy.

In addition to increasing the number of employees, additional senior management
will be required to add experience to the present management team and further
RRUN's development. Over the first twelve (12) months, RRUN intends to appoint
additional members to the Board of Directors and form an advisory board of
industry professionals to guide, counsel and assist it through its business
strategy execution.

Assuming successful completion of the reconfirmation offering and the
acquisition, the business of RRUN shall be our sole business.




                                       13
<PAGE>

                           PART 2 - OTHER INFORMATION


Item 1.       Legal Proceedings

              None

Item 2.       Changes in Securities

              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

Item 6.       Exhibits and Reports on Form 8-K


              3.1*           Articles of Incorporation
              3.2*           Amendment to Articles of Incorporation
              3.3*           Bylaws
              4.1*           Specimen Informational Statement
              4.1.1*         Form of Lock-up Agreement Executed by the
                             Company's Shareholders
              10.1.1**       Merger Agreement
              10.1.2**       Escrow Agreement

*Filed as an Exhibit to the Company's Registration Statement on Form 10-SB,
dated September 3, 1999, and incorporated herein by this reference.

**Incorporated by reference to the Company's Registration Statement of Form
SB-2, dated May 17, 2000 (333-37198), or an amendment thereto.

Reports on Form 8-K
         None



                                       14
<PAGE>
                                   SIGNATURES


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

UNITED MANAGEMENT, INC.



Date:  May 14, 2001



By:     /s/ Christine Cerisse
        -----------------------------------------
        CHRISTINE CERISSE, Director and President






                                       15