United States Securities and Exchange Commission
                         Washington, D. C.  20549

                               FORM 10-QSB

[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

     For the quarterly period October 31, 2003
                              ----------------

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

     For the transition period from               to
                                    -------------    -------------

                         Commission File No.   000-26753
                                               ---------

                             ASYST CORPORATION
                             -----------------
      (Exact Name of Small Business Issuer as specified in its Charter)


        UTAH                                               87-0416131
        ----                                               ----------
(State or Other Jurisdiction of                   (I.R.S. Employer I.D. No.)
 incorporation or organization)

                          6170 South 380 West, #250
                              Murray, Utah 84107
                              ------------------
                   (Address of Principal Executive Offices)

                               (801) 263-1661
                               --------------
                         Issuer's Telephone Number


                                    N/A
                                    ---
   Former name, former address and former fiscal year, if changed since last
                                  report)


   APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
                            PRECEDING FIVE YEARS

                               Not applicable.
                               ---------------

     Check whether the registrant filed all documents and reports required to
be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution
of securities under a plan confirmed by a court.  Yes    No
                                                     ---   ---

                      APPLICABLE ONLY TO CORPORATE ISSUERS

     State the number of shares outstanding of each of the Issuer's classes of
common equity, as of the latest practicable date:

                             October 31, 2003

                          Common - 449,072 shares

Transitional Small Business Issuer Format   Yes  X   No
                                                ---     ---

                  PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements.

          The Condensed Financial Statements of the Company required to be
filed with this 10-QSB Quarterly Report were prepared by management and
commence on the following page, together with related Notes.  In the opinion
of management, the Condensed Financial Statements fairly present the financial
condition of the Company.

<PAGE>
                        ASYST CORPORATION

                  Condensed Financial Statements

                        October 31, 2003
<PAGE>
<PAGE>

                           Asyst Corporation
                        Condensed Balance Sheets
                               (Unaudited)

                                 ASSETS
<TABLE>
<CAPTION>

                                               October 31,
                                                   2003
<S>                                            <C>

Current Assets                                  $      0
                                                --------
Total Current Assets                                   0

TOTAL ASSETS                                    $      0
                                                ========

                   LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities

     Accounts payable                           $ 36,784
     Bank overdraft balance                        1,989
     Shareholder loan                             30,479
                                                --------
     Total Current Liabilities                    69,252

Stockholders' Deficit

     Common stock                                    449
     Additional paid in capital                  298,493
     Accumulated deficit prior to development
      stage                                     (353,048)
     Accumulated income during the development
      stage                                      (15,146)
                                                --------
     Total Stockholders' Deficit                 (69,252)
                                                --------
TOTAL LIABILITIES AND
STOCKHOLDERS' DEFICIT                           $      0
                                                ========
</TABLE>
                           See accompanying notes
<PAGE>
                            Asyst Corporation
                   Condensed Statements of Operations
                               (Unaudited)
<TABLE>
<CAPTION>
                                                                 For the
                                                               Development
                                For the Three  For the Three   Stage Period
                                Months Ended   Months Ended       Ended
                                 October 31,    October 31,    October 31,
                                    2003          2002            2003
<S>                            <C>             <C>            <C>
Revenues                        $       0       $       0      $        0

Operating expense                   1,843           2,269          75,903
                                ---------       ---------      ----------
Operating loss                     (1,843)         (2,269)        (75,903)

Realized gain on disposal
of investments                          0               0          68,407

Interest expense                        0               0          (7,650)
                                ---------       ---------      ----------
Net income (loss)                  (1,843)         (2,269)        (15,146)

Other Comprehensive income(loss)

Unrealized holding loss during
period                                  0               0        (108,750)

Reclassification adjustment
for realized gain                       0               0         (68,407)
                                ---------       ---------      ----------
Total comprehensive income (loss)  (1,843)         (2,269)       (192,303)
                                =========       =========      ==========
Net Income (loss) per Share     $   (0.01)      $   (0.01)     $    (0.04)
                                =========       =========      ==========
Weighted Average Number of
Shares Outstanding                449,072         449,072         410,439
                                =========       =========      ==========
</TABLE>
                             See accompanying notes
<PAGE>
                            Asyst Corporation
                   Condensed Statements of Cash Flows
                               (Unaudited)
<TABLE>
<CAPTION>
                                                                 For the
                                                               Development
                                For the Three  For the Three   Stage Period
                                Months Ended   Months Ended       Ended
                                 October 31,    October 31,    October 31,
                                    2003          2002            2003
<S>                            <C>             <C>            <C>
Cash Flows Used for Operating

 Net Income (Loss)              $  (1,843)      $    (2,269)   $   (15,146)

 Adjustments to reconcile net
 loss to net cash used for
 operating activities:
 Gain on disposal of investments        0                 0        (68,407)
 Issued stock for expenses              0                 0         10,750
 Increase (decrease) in current
 liabilities                        1,843             1,619         64,811
                                 --------       -----------     ----------
Net Cash Flows from Operating
Activities                              0              (650)        (7,992)

Cash Flows From Financing
Activities:

 Loans from shareholder                 0               650          7,600
                                 --------       -----------     ----------
Net Increase (Decrease) in Cash         0                 0           (392)

Beginning Cash Balance                  0                 0            392
                                 --------       -----------     ----------
Ending Cash Balance              $      0       $         0     $        0
                                 ========       ===========     ==========

Supplemental disclosure:

 Cash paid for interest          $      0       $         0     $        0
 Cash paid for income taxes      $      0       $         0     $        0
 Securities exchanged for debt   $      0       $         0     $   75,000
</TABLE>
                          See accompanying notes
<PAGE>
                            Asyst Corporation
                 Notes to Condensed Financial Statements
                          October 31, 2003

PRELIMINARY NOTE

The accompanying condensed consolidated financial statements have been
prepared without audit, pursuant to the rules and regulations of the
Securities and Exchange Commission. Certain information and disclosures
normally included in financial statements prepared in accordance with
generally accepted accounting principles have been condensed or omitted. It is
suggested that these condensed financial statements be read in conjunction
with the financial statements and notes thereto included in the Company's
Annual Report on Form 1O-KSB for the year ended July 31, 2003.
<PAGE>
Item 2.   Management's Discussion and Analysis or Plan of Operation.

Plan of Operation.
------------------

     The Company did not engaged in any material operations during the fiscal
years ended July 31, 2003 and 2002.

     The Company's plan of operation for the next 12 months is to:(i)
consider guidelines of industries in which the Company may have an interest;
to (ii) adopt a business plan regarding engaging in business in any selected
industry; and to (iii) commence such operations through funding and/or the
acquisition of an operating company engaged in any industry selected.

     The Company's only foreseeable cash requirements during the next 12
months will relate to maintaining the Company in good standing in the State
of Utah.  The Company may be required to seek loans or advances from directors
or executive officers or principal stockholders of the Company, or to raise
funds through the placement of "restricted securities," to pay these expenses.
The Funding Agreement that the Company had with Michael Vardakis, Director and
Secretary/Treasurer, to pay these expenses, expired on June 30, 2002; however,
Mr. Vardakis has continued to advance these expenses for the Company, and
these advances are a liability of the Company to Mr. Vardakis.  For more
information on the Funding Agreement, see the 10-SB/A-3 Registration Statement
of the Company, Exhibit 10.i, that was filed with the Securities and Exchange
Commission on September 13, 2001, as referenced in Part II, Item 6 of this
Report.

     The report of our auditors indicates that there is substantial doubt
about our ability to continue as a "going concern."  Accordingly, the future
outlook of the Company, under present circumstances, is uncertain.

Item 3.   Controls and Procedures.

          The Company has no employees.  Its executive officers have evaluated
the Company's disclosure controls and procedures and have concluded that these
controls and procedures are effective.

          There are no significant changes in the internal controls or other
factors that could significantly affect these controls subsequent to October
31, 2003.

                   PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.

          None; not applicable.

Item 2.   Changes in Securities.

          Effective December 10, 2003, the Company effected a three for one
forward split of its outstanding securities that increased the outstanding
securities to 1,347,216; as a result, the OTC Bulletin Board symbol of the
Company was changed to "AYSC."

Item 3.   Defaults Upon Senior Securities.

          None; not applicable.

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

          At a special meeting of the stockholders held on December 9, 2003,
295,644 shares or approximately 66% of the outstanding voting securities, all
of which were owned by Michael Vardakis, the Secretary/Treasurer and a
director of the Company, voted in favor of the amendments to the Articles of
Incorporation set forth in the definitive proxy statement filed with the
Securities and Exchange Commission on December 2, 2003, and mailed to the
stockholders on November 29, 2003, that will increase the Company's
capitalization  to 50,000,000 shares of $.001 par value common stock; allow
the Board of Directors to change the name and effect re-capitalizations by
forward or reverse splits without shareholder approval; and that will allow
the stockholders to take action by written consent of less than all of the
stockholders.  The definitive proxy statement is incorporated herein by
reference.  See Item 6.

Item 5.   Other Information.

          None; not applicable.

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

          (a)  Exhibits.

             Definitive Proxy Statement filed with the Securities and
               Exchange Commission on December 2, 2003.*

               10-KSB Annual Report for the year ended July 31, 2003.*

               10-SB/A-3 Registration Statement, as amended.*

                    10.i     Funding Agreement

               31.1  302 Certification of Bob Hall

               31.2  302 Certification of Michael Vardakis

               32    Section 906 Certification

               *Incorporated by reference.

          (b)  Reports on Form 8-K.

               None.

                             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.
                                       ASYST CORPORATION


Date: 12/15/03                         By/s/Bob Hall
      -------------                      -------------------------------------
                                         Bob Hall
                                         President and Director


Date: 12/13/03                         By/s/Michael Vardakis
      -------------                      -------------------------------------
                                         Michael Vardakis
                                         Secretary/Treasurer and Director


Date: 12/12/03                         By/s/Matthew C. Lords
      -------------                      ------------------------------------
                                         Matthew C. Lords
                                         Director