<PAGE>
United States Securities and Exchange Commission
Washington, D.C. 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, 2000
--------------
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________________ to _______________________
Commission file number 0-30183
-------
PANAGRA INTERNATIONAL CORP.
(Exact name of small business issuer as specified in its charter)
New York 13-3874771
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
515 Madison Avenue, New York, New York 10022
(Address of principal executive offices)
(212) 829-0905
(Issuer's telephone number)
Not Applicable
--------------
(Former Name, Former Address and Former Fiscal Year, if changed
Since Last Report)
Indicate by check mark 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
--- ---
As of June 1, 2000, the issuer had 3,600,000 shares of Common Stock,
par value $.001 per share, issued and outstanding.
<PAGE>
Panagra International Corp.
(Formerly United Network Technologies Inc.)
CONSOLIDATED BALANCE SHEET
MARCH 31, 2000
Cash and cash equivalents $ 1,098
Other Current Assets 512
--------
Total Current Assets 1,610
--------
Total Assets $ 1,610
========
Current Liabilities
Interest Payable $ 7,358
Accounts Payable 36,321
Stockholders Advance 12,000
--------
Total Current Liabilities 55,679
Stockholders' Equity
Common Stock, par value $.01
authorized 40,000,000 shares 3,297,665 outstanding 32,977
Additional paid-in capital 563,537
Accumulated deficit (650,583)
--------
Net Stockholders' equity (54,069)
--------
Total Liabilities and Stockholders' Equity $ 1,610
========
The Accompanying Notes are an integral part of the Financial Statements
