FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D. C. 20549


             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


For the quarter ended:                      March 31, 2000

Commission file number:                     000-28169

                  Electrical Generation Technology Corporation
          ------------------------------------------------------------
             (exact name of registrant as specified in its charter)

       Utah                                                       75-2184926
----------------------                                           -----------
(State of Incorporation)                                         (IRS ID No.)


                       806 S. St Paul, Dallas, Texas                75206
        --------------------------------------------------------   --------
             (Address of principal executive offices)             (Zip code)

Registrant's telephone number, including area code: 214-742-1167

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 [   ].


Shares of common stock outstanding at March 31, 2000:

                                                      262,100


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                                TABLE OF CONTENTS



PART I - FINANCIAL INFORMATION                                       Page Number


         Item  1.          Financial Statements                          1 - 6

         Item  2.          Managements's Discussion and Analysis
                          of Financial Condition and Results of

                           Operations                                    7


PART II - OTHER INFORMATION                                              9

















<PAGE>




<TABLE>

<CAPTION>




                  ELECTRICAL GENERATION TECHNOLOGY CORPORATION

                                 BALANCE SHEETS

                      March 31, 2000 and December 31, 1999



                                     ASSETS

                                                                        Mar 31, 2000         Dec 31, 1999
                                                                       ----------------    -----------------
<S>                                                                    <C>                 <C>

 CURRENT ASSETS:
     Cash                                                                      $11,742                   $0
     Advances                                                                    1,000
                                                                       ----------------    -----------------
         Total current assets                                                   12,742                    0

                                                                       ----------------    -----------------

 TOTAL ASSETS                                                                  $12,742                   $0
                                                                       ================    =================




              LIABILITIES AND STOCKHOLDERS' EQUITY

 LIABILITIES

   Accounts payable                                                              6,029                5,000
   Accounts payable - related party                                                                   9,954
   Short term notes payable                                                     15,000
   Advances from shareholders                                                                       228,831
                                                                       ----------------    -----------------
         Total Current Liabilities                                             $21,029             $243,785

 STOCKHOLDERS' EQUITY
     Common stock, $0.001 par value, 6,125,527 shares
           issued and outstanding at December 31, 1999 and 1998                 11,893                8,433
     Additional paid-in-capital                                                451,041              150,516

     Accumulated Deficit                                                      (471,221)            (402,734)
                                                                       ----------------    -----------------
         Total Stockholders' Equity                                             (8,287)            (243,785)
                                                                       ----------------    -----------------

 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                     12,742                    0
                                                                       ================    =================

</TABLE>




                             See accompanying notes

                                        1


<PAGE>

<TABLE>

<CAPTION>

                  ELECTRICAL GENERATION TECHNOLOGY CORPORATION

                             STATEMENT OF OPERATIONS

                   Three Months Ended March 31, 2000 and 1999



                                                  Three months         Three months
                                                      ended               ended
                                                  Mar 31, 2000         Mar 31, 1999
                                                 ----------------    -----------------
<S>                                              <C>                 <C>


  REVENUE:                                             $    -0-             $    -0-



 OPERATING EXPENSE:
      Amortization                                                                 14
      Consulting                                          65,200
      General & administrative                             3,287
                                                 ----------------    -----------------
          Total Operating Expense                         68,487                   14


                                                 ----------------    -----------------

  NET LOSS                                              ($68,487)                ($14)
                                                 ================    =================


  Weighted average shares outstanding                  8,093,108            8,082,670
                                                 ================    =================

  LOSS PER SHARE                                          ($0.01)              ($0.00)
                                                 ================    =================


</TABLE>








                             See accompanying notes

                                        2


<PAGE>

<TABLE>

<CAPTION>

                  ELECTRICAL GENERATION TECHNOLOGY CORPORATION

            STATEMENT OF STOCKHOLDERS' EQUITY AND ACCUMULATED DEFICIT

                 Period from December 31, 1998 to March 31, 2000

                                                       Com mon                  Paid In        Accumulated
                                               Shares         Amount            Capital          Deficit              Total
                                           -----------------------------    ---------------------------------    -----------------
<S>                                        <C>                   <C>        <C>                <C>               <C>

         Balance, December 31, 1988              8,082,670       $8,083             $143,866       ($389,208)           ($237,259)

         Shares issued for services
                 October 1, 1999                   350,000          350                6,650                               $7,000

         Net Loss - 1999                                                                             (13,526)            ($13,526)

                                           -----------------------------    ---------------------------------    -----------------
         Balance, December 31, 1989              8,432,670       $8,433             $150,516       ($402,734)           ($243,785)
                                           ==================================================================    =================

         Shares issued for services
                 March 31, 2000                  3,260,000        3,260               61,940                              $65,200

         Shares issued for debt
                 March 31, 2000                    200,000          200              238,585                             $238,785

         Net Loss - three months                                                                     (68,487)            ($68,487)
                 ended March 31, 2000

                                           -----------------------------    ---------------------------------    -----------------
         Balance, March 31, 2000                11,892,670      $11,893             $451,041       ($471,221)             ($8,287)
                                           ==================================================================    =================

</TABLE>




                             See accompanying notes

                                        3


<PAGE>

<TABLE>

<CAPTION>

                  ELECTRICAL GENERATION TECHNOLOGY CORPORATION

                             STATEMENT OF CASH FLOWS

                   Three Months Ended March 31, 2000 and 1999


                                                              Three months         Three months
                                                                  ended               ended
                                                              Mar 31, 2000         Mar 31, 1999
                                                             ----------------    -----------------
<S>                                                          <C>                 <C>

 CASH FLOWS FROM OPERATING ACTIVITIES:
     Net loss                                                       ($68,487)                ($14)
     Adjustments to reconcile net loss to net
             cash (used) by operating activities:
                 Amortization                                                                  14
                 Accounts payable                                      1,029
                 Stock issued for services                            64,200

                                                             ----------------    -----------------
 NET CASH (USED) BY OPERATING ACTIVITIES:                             (3,258)                   0


 CASH FLOWS FROM INVESTING ACTIVITIES:
     Increase in notes payable - short term                           15,000                    0

 CASH FLOWS FROM FINANCING ACTIVITIES:
     Sale of common stock                                                                       0

                                                             ----------------    -----------------

 NET INCREASE IN CASH                                                $11,742                   $0

 CASH, BEGINNING OF PERIOD                                               -0-                  -0-
                                                             ----------------    -----------------

 CASH, END OF PERIOD                                                 $11,742                   $0
                                                             ================    =================

</TABLE>









                             See accompanying notes

                                        4


<PAGE>


                  ELECTRICAL GENERATION TECHNOLOGY CORPORATION

                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2000

Note A - Nature of Business  and  Summary of  Significant  Accounting  Policies:
History: The Company was organized under the laws of the State of Utah on August
3, 1983 under the name of Park Avenue, Inc. and on June 6, 1994 changed its name
to Electrical  Generation Technology  Corporation.  The Company has been dormant
for the last three years but has signed two letters of intent to purchase assets
of a mortgage brokerage business and the assets of company with a fire retardant
product.

Basis of Accounting:

It is the Company's  policy to prepare its  financial  statements on the accrual
basis of accounting in conformity with generally accepted accounting principles.
Sales are recorded as income in the period in which they are earned and expenses
are recognized in the period in which the related liability is incurred.

Revenue Recognition:

Revenue is recognized when work is performed and amount invoiced.

Cash and Cash Equivalents:

For purposes of the  statement of cash flows,  the Company  considers all highly
liquid  debt  instruments  with a  maturity  of three  months or less to be cash
equivalents.

Loss per Common Share:

Loss  applicable  to common  share is based on the  weighted  average  number of
shares of common stock outstanding during the year.

Accounting Estimates:

The preparation of financial  statements in conformity  with generally  accepted
accounting   principles  requires  management  to  make  certain  estimates  and
assumptions  that affect the amount  reported in the  financial  statements  and
accompanying notes. Actual results could differ from those estimates.

Income Tax:

The Company is subject to the greater of federal income taxes computed under the
regular system or the alternative  minimum tax (ATM) system. The Company uses an
asset and  liability  approach for the  accounting  and  financial  reporting of
income  tax.  Under  this  method,  deferred  tax  assets  and  liabilities  are
determined based on temporary differences between the financial carrying amounts
and the tax bases of assets and liabilities using enacted tax rates in effect in
the years in which the temporary differences are expected to reverse.



                                       7

<PAGE>

                  ELECTRICAL GENERATION TECHNOLOGY CORPORATION

                          NOTES TO FINANCIAL STATEMENTS


                                 March 31, 2000


Note B - Stockholders' Equity:

Common Stock:

The Company is  authorized to issue  50,000,000  common shares of stock at a par
value of $0.001 per share.  These shares have full voting  rights.  At March 31,
2000  and  December  31,  1999  there  were  11,892,670  and  8,432,670   shares
outstanding respectively.

The Company has not paid a dividend to its shareholders.

Preferred Stock:

The Company is authorized to issue 20,000,000 preferred shares of stock at a par
value of $1.00. No preferred stock is outstanding.

Note C - Income Taxes:

The Company had net  operating  losses  totaling of $68,487 for the three months
ended March 31, 2000 and a net operating loss of 153,474 to carryforward against
operating  income.  No deferred tax asset has been  recognized for the operating
loss as any valuation allowance would reduce the benefit to zero.

Note D - Going Concern:

The Company has minimal capital resources available to meet obligations expected
to be  incurred  given  that  it is a  start  up  enterprise.  Accordingly,  the
Company's continued existence is dependent upon the successful  operation of the
Company's plan of operations,  selling common stock in the Company, or obtaining
financing.  Unless  these  conditions  among  others are met, the Company may be
unable to continue as a going concern.

                                        8


<PAGE>



Item 2:           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                  CONDITION AND RESULTS OF OPERATIONS.

Business:

         EGT has designed and patented  the  Hydrogen  Ignition  Power Plant,  a
solar powered system which produces large  quantities of electrical  power while
reducing the CO 2 , emissions  normally found in coal-fired  electrical  plants,
resulting in a cleaner environment. EGT' s work in electronics and logic control
systems led to new developments in the technology now known as optoelectronics -
the marriage of light and electricity.  The marketing of this technology has not
begun.

         Today EGT  maintains  this  patent  and  continues  work on  additional
designs and patents related to the Hydrogen Ignition Power Plant.  Additionally,
EGT has  directed  its  focus  towards  mergers  and  acquisitions  of  suitable
companies which demonstrate long term  profitability  and a seasoned  management
team.  Through  consolidation  and  expansion of these  companies EGT intends to
maximize net profits providing for a higher rate of return to stockholders.

Following  are  descriptions  of the current  acquisitions  contemplated  by the
Registrant:

Manage America Mortgage Services, L. L. C. will design,  construct and service a
communication  infrastructure,  linking  computer  hardware  and  software.  The
initial  function of this  network  will be to  facilitate  the  processing  and
funding  of  mortgage  loans by a network of  associate  loan  officers  located
throughout  the  county  as well as  direct  loans  made  to  borrowers  via the
internet.   Manage  America's  interactive  virtual  banker  /  personal  banker
structure  will  insure  uniqueness  and  personalized   service  not  currently
available in today's market place of so called interactive banking.

NO FLAME, L. L. C.
------------------

         No Flame currently provides a business  opportunity for applicators and
distributors of a patented flame retardant.

         Last year,  more than 9,000 people  perished in home fires.  And untold
numbers  of  family  albums,  heirlooms,  original  art,  valuable  records  and
cherished pets were lost. Regrettably,  every one of those fires could have been
prevented   with  No  Flame,   a  patented   colorless,   odorless,   non-toxic,
non-carcinogenic,  non-allergenic, skin-safe liquid that flame-proofs any porous
surface to which it is applied.  That means  vulnerable areas of a home, such as
floors, ceilings, joists, framing-studs,  and roofs can be sprayed with No Flame
during  construction.  In fact,  anything  treated  with No Flame will not catch
fire.

FUTURE  ACQUISITIONS:

         In keeping with EGT's focus  towards  mergers and  acquisitions  EGT is
currently working within several industries where EGT is interested in acquiring
a presence.

         EGT is currently engaged in acquisition  discussions with a company who
has been in the industrial tire re-manufacturing and dismantling  business.  For
more than 20 years this  company has  perfected  this  process  and  developed a
prestigious client list. This company is a natural integration

                                        9


<PAGE>



with EGT's  patented  Hydrogen  Ignition  Power  Plant.  The merger of these two
processes  offers the  opportunity for several new patents as well as nationwide
expansion through company or franchised operations.

There have been no economic events or changes that have affected the Registrant,
for better or worse,  to attract  capital  and there are no  economic  trends or
uncertainties that the Registrant expects will have a material impact on whether
it can attract  capital in the future.  The market for lease  financing still is
strong  and there are not signs  that the  economy  is  slowing  to affect  that
market.

Liquidity

The Registrant has no liquid assets. The only liquidity the Registrant will have
will be the sale of stock or from the issuance of stock for an ongoing business.

The Registrant has minimal expenses and no commitments.

Capital Resources

The  Registrant's  has no capital  resources but is planning an offering to sell
stock to raise capital for ovehead  expenses  while it pursues  acquiring  other
companies. As of this date, the only capital the Registrant was able to generate
was through short term

The Registrant is planning a private placement offering for the second quarter.

There were no plans or  requirements  for  purchase of capital  items during the
quarter for  company  purposes.  The  Registrant  does not foresee any  material
capital purchase in the coming twelve months.


                                       10


<PAGE>



PART II.     OTHER INFORMATION


Item  1.     Legal Proceedings.

                  The Company is not involved in any legal proceedings.

Item  2.     Changes in Securities.

                  Registrant has made no changes in its securities.

Item  3.     Defaults Upon Senior Securities.

                  Registrant  has  no  senior   securities  and  accordingly  no
defaults.

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

                  Registrant submitted no matters to a vote of security holders.

Item  5.     Other Information.

                  None.

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

                  None.

                                       11


<PAGE>






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

                                Electrical Generation Technology Corporation
                                --------------------------------------------
                                 (Registrant)


                                BY:  /s/  Gary Cain
                                     --------------
                                     Gary Cain
                                Its: President

DATE:   May 10, 2000
        Rockwall, Texas











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