FORM 10-QSB

[As last amended in Release No. 34-32231, April 28, 1993, 58 F.R. 26509]

U.S. Securities and Exchange Commission

Washington, D.C. 20549

Form 10-QSB

(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 2000

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE EXCHANGE ACT
For the transition period from ______________ to ________________

CINTECH SOLUTIONS, INC.

(Exact name of small business issuer as specified in its charter)

OHIO 31-1200684
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(State or other jurisdiction of (I.R.S. Employer Identification Number)
incorporation or organization)

2100 Sherman Avenue, Cincinnati, Ohio 45212
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(Address of principal executive offices)

(513) 731-6000
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(Issuer's telephone number)

N/A
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(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 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 X No
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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: 12,323,328 SHARES OF COMMON
STOCK AS OF DECEMBER 31, 2000.

Transitional Small Business Disclosure Format (check one): Yes No X
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PART I - FINANCIAL INFORMATION

Item 1. FINANCIAL STATEMENTS.

The condensed financial statements attached to the end of this
quarterly report are filed as part of this quarterly report (reference Exhibit
99). The financial statements include all adjustments, which in the opinion of
management are necessary in order to make the financial statements not
misleading.

Item 2. MANAGEMENT'S DISCUSSIONS AND ANALYSIS OR PLAN OF OPERATION.

The following selected financial information set forth below has been
derived from the unaudited condensed financial statements of the Company. This
discussion and analysis should be read in conjunction with such financial
statements. All amounts are in US dollars.

Results of Operations
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For the three months ended December 31, 2000 compared to the three months ended
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December 31, 1999
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Sales for the three months ended December 31, 2000 were $2,664,000
compared to $3,835,000 for the same period last year. The $1,171,000 or 31%,
decrease in sales is due to a 32% decrease in Automatic Call Distribution (ACD)
revenue, a 39% decrease in other Computer Telephony Industry (CTI) revenue and a
24% decrease in services revenue.

Gross profit of $1,937,000 was $782,000, or 29%, lower than the
corresponding period of last year. This decrease in gross profit is a direct
result of the decrease in sales volume. Gross profit as a percentage of sales
was 73%, or 2% higher than that experienced during the same period of the prior
year.

Research and development costs of $248,000 were $90,000, or 57%, higher
than the comparable prior year period. Selling, general and administrative
expenses of $1,666,000 were $135,000, or 9%, higher than the comparable prior
year period.

The Company realized income from operations of $24,000, or 1%, for the
three months ended December 31, 2000 compared to income from operations of
$1,030,000, or 27%, reported for the same period last year.

Other income was $107,000 as compared to $84,000 for the comparable
prior year period.

The income tax provision of $41,000 for the three months ended December
31, 2000 as compared to $287,000 for the comparable prior year period decreased
as a result of lower taxable income.

2
3

The Company realized net income of $90,000 for the three months ended
December 31, 2000 compared to net income of $828,000 reported for the same
period last year. Earnings per share, basic and diluted, were $0.01 versus $0.07
and $0.06 per share, basic and diluted, respectively, reported for the
comparable prior year period.

For the six months ended December 31, 2000 compared to the six months
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ended December 31, 1999
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Sales for the six months ended December 31, 2000 were $5,275,000
compared to $6,854,000 for the same period last year. The $1,579,000 or 23%,
decrease in sales is due to a 24% decrease in Automatic Call Distribution (ACD)
revenue, a 41% decrease in other Computer Telephony Industry (CTI) software
revenue and a 13% decrease in services revenue.

Gross profit of $3,868,000 was $1,055,000, or 21%, lower than the
corresponding period of last year. This decrease in gross profit is a direct
result of the decrease in sales volume. Gross profit as a percentage of sales
was 73%, or 1% higher than that experienced during the same period of the prior
year.

Research and development costs of $512,000 were $235,000, or 85%,
higher than the comparable prior year period. Selling, general and
administrative expenses of $3,334,000 were $554,000, or 20%, higher than the
comparable prior year period.

The Company realized income from operations of $23,000, or 0.4%, for
the six months ended December 31, 2000 compared to income from operations of
$1,867,000, or 27%, reported for the same period last year.

Other income was $233,000 as compared to $126,000 for the comparable
prior year period.

The income tax provision of $80,000 for the six months ended December
31, 2000 as compared to $465,000 for the comparable prior year period decreased
as a result of lower taxable income.

The Company realized net income of $176,000 for the six months ended
December 31, 2000 compared to net income of $1,528,000 reported for the same
period last year. Earnings per share, basic and diluted, were $0.01 versus a
$0.12 per share reported for the comparable prior year period.

Liquidity and Capital Resources
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Working Capital increased to $7.7 million as compared to $7.3 million
for the corresponding period of last year. The increase of $0.4 million is
primarily due to an increase in deferred income taxes of $0.1 million combined
with decreases in deferred maintenance revenue of $0.4 million and accrued wages
and compensation of $0.1 million, which were offset, by a decrease in cash and
marketable securities of $0.3 million. The decrease in cash and marketable
securities reflects the increased spending for software development combined
with the decrease in sales volume and profitability experienced by the Company
to date in fiscal 2001.

As of December 31, 2000, the Company held cash and marketable
securities totaling approximately $7.8 million and had no outstanding long-term
debt obligations.

3
4

The Company's plan of operation is to continue distributing its contact
center solutions and development of services revenue. The Company has no
material commitments for capital expenditures. The Company feels that there are
no significant elements of income or loss that does not arise from the Company's
continuing operations.

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

Not Applicable

Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

At the annual meeting of shareholders held on October 24,
2000, the following matters were to be voted upon: 1) to elect Directors, 2) to
appoint Deloitte & Touche as auditors and to authorize the Directors to fix
their remuneration and 3) to adopt a resolution to amend the Articles of
Incorporation of the Company to change its name to Cintech Solutions, Inc. Of
the proxies received, the following shares were voted For/Against/Withheld:

1) To elect Directors: FOR AGAINST WITHHELD
Diane M. Kamionka 10,636,633 0 1,100
Bryant A. Downey 10,636,633 0 500
Frank W. Terrizzi 10,636,633 0 500
Carol E. Snell 10,636,633 0 1,100
Christopher D. Brennan 10,636,633 0 500

2) To appoint Deloitte & Touche 10,634,233 0 3,500
as auditors and to authorize the
Directors to fix their remuneration

3) To approve and ratify a resolution to 10,631,733 2,000 4,000
amend the Articles of Incorporation of
the Company to change its name to
Cintech Solutions, Inc.

4
5

Item 5. OTHER INFORMATION

None

Item 6. EXHIBITS AND REPORTS ON FORM 8-K

The following Exhibits are required by Item 601 of Regulation S-B:

Exhibit
Number Description of Document Page
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3 Amended Articles of Incorporation Attached
15 Letter on Unaudited Interim Financial Information Attached
27 Financial Data Schedule Attached
99 Financial Statements / Independent Accountants' Report Attached

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6

SIGNATURES

In accordance with the requirements of the Securities Exchange Act of
1934, Cintech Solutions, Inc., as Registrant, has caused this Report on Form
10-QSB to be signed on its behalf by the undersigned, thereunto duly authorized.

CINTECH SOLUTIONS, INC.

By: /s/ Diane M. Kamionka Date: February 14, 2001
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Diane M. Kamionka
President and Chief Executive Officer

By: /s/ Michael E. Freese Date: February 14, 2001
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Michael E. Freese
Director of Finance and Administration