SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-QSB/A

                                   (Mark one)

 [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

                                       OR

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

        For the transition period from January 1, 2001 to March 31, 2001.

                          Commission File No. 000-26631

                        Safe Transportation Systems, Inc.
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             (Exact name of registrant as specified in its charter)

             Florida                                    59-3567558
    ---------------------------------       --------------------------------
      (State or other jurisdiction         (IRS Employer Identification No.)
     of incorporation or organization)

                     3871 Airport Way, Bellingham, WA 98226
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                    (Address of principal executive offices)

                                 (561) 989-9955
                     ---------------------------------------
              (Registrant's telephone number, including area code)

                                       N/A
              ----------------------------------------------------
              (Former name, former address and formal 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  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to  such filing  requirements  for  the  past  90 days. Yes [ ]
No [X]


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         The registrant  intends on amending the 10-QSB filed on August 20, 2001
and 10-QSB filed on May 21, 2001 to include reviewed financial  statements.  The
company has retained the current auditor to review the financial  statements for
the first  and  second  quarters  of 2001.  The  financial  statements  were not
reviewed by an independent auditor.

         As of April 1, 2001,  the issuer  had a total of  17,098,750  shares of
Common Stock outstanding.


                        SAFE TRANSPORTATION SYSTEMS, INC.

INDEX                                                                      Page
                                                                          Number

PART I - FINANCIAL INFORMATION

 Item 1. Financial Statements


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

PART II - OTHER INFORMATION

 Item 6.  Exhibits and Reports on Form 8-K.................................... 4

SIGNATURES.................................................................... 5


                         PART I - FINANCIAL INFORMATION

Item 1 - Financial Statements

1.       Financial Statements

The interim financial statements were not reviewed by an independent auditor, as
required under Item 310 of Regulation  S-B. The Company has retained its current
auditor to review the financial statements, which the Company intends to file in
a subsequent amendment to this document.

2.       Corporate History

The Company was  incorporated in the state of Florida on December 6, 1994 as Big
Daddy's  Auto Sales,  Inc.  On April 19,  2000 the  Company  changed its name to
Sweets & Eats,  Inc. On December  18, 2000,  the Company  entered into a reverse
merger with Safe  Transportation  Systems,  Inc.  (STS), a Wyoming  corporation,
whereby the Company  issued to STS 12,000,000  shares of its  restricted  Common
Stock in exchange for 100% of the issued and outstanding shares of STS.


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         Safe  Transportation  Systems,  Inc. was incorporated under the laws of
British  Columbia,  Canada on July 7, 1998. On October 17, 2000 STS domesticated
to Wyoming by a unanimous consent of the shareholders.

         Subsequent  to the reverse  merger,  the Company  changed its name from
Sweats and Eats, Inc. to Safe Transportation Systems, Inc. and began trading its
securities  on the NASDAQ  OTCBB under the symbol  SFTS in January of 2001.  The
Company is authorized to issue up to 50,000,000  shares of Common Stock having a
par value of $0.001 per share, and 5,000,000 Preferred shares.

3.       Description of Business

         The Company is in  transition  from a research  and  development  based
company to a product  manufacturer,  and as such, has had no revenues or income.
Since July 1998 the Company has  developed  and tested  safety  products for the
trucking industry.  In this respect approximately $8.0 million has been spent on
research,  development,  and patenting of the Company's proprietary  technology,
the  STS  Accident  Control  and   Anti-Jackknife   System,   which  prevents  a
tractor-trailer   from  losing  control  and  jackknifing.   Of  this,  $995,000
represented capital contributed and $6,995,000 represented issuance of stock for
services.

4.       Significant Business Risks

         The Company is subject to all of the risks that are inherent in a small
company seeking to introduce, manufacture, market and distribute new products to
retail,  wholesale,  and government  customers.  The likelihood of the Company's
success must be  considered  in view of the  problems,  expenses,  difficulties,
complications  and  delays   frequently   encountered  in  connection  with  the
introduction, manufacture, marketing and distributions of new products.

5.       Loss Per Share

Basic loss per share was computed  using the weighted  average  number of Common
shares outstanding.

6.       Stock Subscriptions

         On January  10, 2001 the Company  commenced  an offering of  securities
which it believes is exempt from  registration  as per Rule 506 of Regulation D.
As amended,  the Company is seeking to raise up to $5,700,000 (before payment of
selling  commissions and associated  expenses) by selling up to 4,700,000 shares
of its Common Stock in two tranches as follows: 3,700,000 shares at the price of
$1 per share in the First Tranche;  and 1,000,000  shares at the price of $2 per
share in the Second Tranche.

         The Company has sold 97,500  shares of the offering  resulting in gross
proceeds of $97,500.

Item 2.  Management's Discussion and Analysis

         During  the  reporting  period  Management  continued  its  efforts  in
transitioning  the Company  from the  development  stage to a  manufacturer  and
marketer of its proprietary Accident Control and Anti-Jacknife System (ACS).


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1.       Results of Operations

         The  Company  did not receive any  revenues  during  this  period.  The
Company did,  however,  sign  agreements with three trucking fleet operators for
the purchase of ACS. The agreement with Northwest Tank Lines of Langley, British
Columbia  (BC),  Canada  specifies  that NTL's  purchases of new  trailers  will
include  ACS.  The  agreements  with Lode  Runner  Transport  of Surrey,  BC and
Bellingham,  Washington, and Autogas Propane, Ltd. of Burnaby, BC call for their
purchases of new trailers as well as the  retrofitting  of existing  trailers to
include ACS.

         Operating  expenses  increased to $265,736 for the  three-month  period
ending March 31, 2001, representing an increase of $229,523 from $36,213 for the
same period of year 2000. Accounts Payable increased from $1,477 to $481,988 for
the three-month  period ending March 31, 2000 and March 31, 2001,  respectively.
These  increases are  principally  due to general and  administrative  expenses,
marketing  expenses and the cost of  outfitting  the  manufacturing  facility in
Bellingham.  The Company has  successfully  completed  tooling  development  for
components to its product and is on schedule to begin shipping  systems from the
Bellingham plant by the end of August 2001.

         There has been no significant  change in liquidity or capital resources
or stockholder's equity during this period.

2.       Liquidity and Capital Requirements

         Since its  inception,  the Company has incurred  significant  operating
losses.  The  Company's  continued  existence is  dependent  upon its ability to
resolve its liquidity problems, principally by funding obtained through the Rule
506 Regulation D Offering,  commencing sales, and generating sufficient revenues
to become profitable.  During the interim,  the Company will continue to operate
on cash flows  generated from loans,  raising  capital and internally  generated
cash flow.  Additionally,  the Company  possesses an inducement from the Port of
Bellingham,  Washington in the form of a $5 million Industrial Revenue Bond. The
Company will use $3.8 million of the proceeds to acquire the equipment necessary
for production.  The balance will be utilized for purchase of the  manufacturing
facility.  Management anticipates the transaction will be executed in the second
Quarter of 2001.

3.       Qualified Report of Independent Certified Public Accountants

         Our independent  accountants issued an unqualified audit report for the
fiscal year 2000,  ending  December  31,  2000.  They note that the  significant
losses  of our  company  from  operations  and a net  capital  deficiency  as of
December  31,  2000 raise  substantial  doubt about our ability to continue as a
going  concern.  They  state  that  the  audited  financial  statements  of Safe
Transportation  Systems,  Inc.  for the year ended  December  31, 2000 have been
prepared assuming the company will continue as a going concern.


                          PART II -- OTHER INFORMATION

Item 1.  Legal Proceedings.

         There are no pending legal proceedings, and the Company is not aware of
any threatened  legal  proceedings,  to which the Company is a party or to which
its property is subject.


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Item 2.  Changes in Securities.

         There have been no  material  modifications  in any of the  instruments
defining the rights of the holders of any of the Company's securities.

         None of the rights  evidenced by any class of the Company's  securities
have been materially limited or qualified by the issuance or modification of any
other class of the Company's securities.

Item 3.  Defaults Upon Senior Securities.

Not applicable.

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

Not applicable.

Item 5.  Other Information.

Not Applicable

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

(a) Exhibits

No exhibits as set forth in  Regulation  SB are  considered  necessary  for this
filing.

(b) Reports on Form 8-K

No  reports on Form 8-K were  filed  during the period for which this  report is
filed.


Signature

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.

By: /s/ Ian Pallett
-------------------
        Ian Pallett, President


Date: September 26, 2001


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