UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   ----------

                                    FORM 10-Q

(Mark One)
[X]  QUARTERLY  REPORT  PURSUANT  TO  SECTION  13 OR 15 (d)  OF  THE  SECURITIES
     EXCHANGE ACT OF 1934

     For the quarter ended December 31, 1998

[ ]  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: 0-16075

                      CENTURY PACIFIC FINANCIAL CORPORATION
               --------------------------------------------------
               (Exact name of Registrant as specified in charter)

            Delaware                                         86-0449546
-------------------------------                       --------------------------
(State or other jurisdiction of                       (I.R.S. Employer I.D. No.)
 incorporation or organization)

1422 N. 44th Street, Suite 211, Phoenix, AZ                     85008
-------------------------------------------                   ----------
  (Address of principal executive offices)                    (Zip Code)

         Issuer's telephone number, including area code: (602) 267-7007

Check  whether  the Issuer  (1) has 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.

                    (1) Yes [ ] No [X]     (2) Yes [X] No [ ]

State the number of shares outstanding of each of the Issuer's classes of common
equity as of the latest  practicable  date:  At December  31,  1998,  there were
51,469,842 shares of the registrant's Common Stock outstanding.

<PAGE>
                                TABLE OF CONTENTS

                                                                           Page
                                                                           ----

PART I


  ITEM 1 - FINANCIAL STATEMENTS ...........................................  3

      Condensed Consolidated Balance Sheets for 3 Months Ended
         December 31,.....................................................   4
      Condensed Consolidated Statement of Operations for 3 Months Ended
         December 31,.....................................................   5
      Consolidated Statements of Cash Flows for 3 Months Ended
         December 31,.....................................................   6
      Notes to Condensed Consolidated Financial Statements ................  7


  ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
           CONDITION AND RESULTS OF OPERATIONS ............................  8


PART II


  ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K ...............................  9

SIGNATURES ................................................................  9


                                      -2-

<PAGE>

                                     PART I


ITEM 1. FINANCIAL STATEMENTS

     The financial statements included herein have been prepared by the Company,
without  audit,  pursuant to the rules and  regulations  of the  Securities  and
Exchange  Commission.  Certain  information  and footnote  disclosures  normally
included in financial  statements prepared in accordance with generally accepted
accounting principles have been omitted.  However, in the opinion of management,
all  adjustments  (which include only normal  recurring  accruals)  necessary to
present fairly the financial  position and results of operations for the periods
presented  have been made. The results for interim  periods are not  necessarily
indicative  of trends or of results  to be  expected  for the full  year.  These
financial statements should be read in conjunction with the financial statements
and notes thereto included in the Company's most recent report on Form 10-K.

                                      -3-

<PAGE>
                     CENTURY PACIFIC FINANCIAL CORPORATION
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                                  (UNAUDITED)


                                                        December 31,
                                                ------------------------------
                                                   1998               1997
                                                -----------        -----------
ASSETS
Current Assets
 Cash                                           $       907        $       (21)
                                                -----------        -----------

     Total Assets                               $       907        $       (21)
                                                -----------        -----------

LIABILITIES & STOCKHOLDERS' EQUITY
Current Liabilities
 Accounts Payable                               $        --        $   508,011
 Notes Payable

 Accrued Liabilities                                    529                186
 Other Liabilities
                                                -----------        -----------

   Total Current Liabilities                    $       529        $   508,468
                                                -----------        -----------

Stockholders' Equity
 Common Stock                                   $ 2,010,106        $   532,676
 Capital                                          1,346,106          2,823,535
 Retained Earnings                               (3,356,522)        (3,865,145)
 Net Income                                             665                 66
                                                -----------        -----------

   Total Stockholders' Equity                   $       355        $   508,468
                                                -----------        -----------

Total Liabilities & Stockholders Equity         $       907        $        21
                                                ===========        ===========

                                   -4-

<PAGE>
                     CENTURY PACIFIC FINANCIAL CORPORATION
                 CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
                                  (UNAUDITED)


                                                 For 3 Months Ended December 31,
                                                 -------------------------------
                                                   1998                    1997
                                                 -------                 -------
REVENUES
  Financial Services                             $12,091                 $10,793
                                                 -------                 -------
    Total Revenues                               $12,091                 $10,793
                                                 -------                 -------
EXPENSES
  Accounting                                     $   426                 $   194
  Office 133 122
  Advertising                                        454                   1,163
  Maintenance/Repair                                 200                     200
  Postage                                            128                      69
  Rent                                             2,558                   2,562
  Storage                                            244                     265
  Telephone                                        1,158                   1,532
  Payroll Taxes                                       50                     184
  Salaries, Employees                              3,696                   3,696
  Other                                            2,066                     740
  Insurance                                           63                      --
  Dues, Subscriptions, License, Fees                 250                      --
                                                 -------                 -------

Total Expenses                                   $11,426                 $10,726
                                                 -------                 -------

Earnings before Income Taxes                     $   665                 $    66
                                                 -------                 -------

Provisions for Income Taxes                            0                       0
                                                 -------                 -------
Net Earnings                                     $   665                 $    66
                                                 =======                 =======
Net Earnings Per Share                           $     0                 $     0
                                                 =======                 =======

                                      -5-

<PAGE>
                        CENTURY PACIFIC FINANCIAL CORP.
                     CONSOLIDATED STATEMENTS OF CASH FLOWS



                                                 For 3 Months Ended December 31,
                                                 -------------------------------
                                                  1998                   1997
                                                 -------                -------
Cash From Operations
  Net Income                                     $     665              $    66
                                                 ---------              -------
  Adjustments to Reconcile Net Income to
  Net Cash Provided by Operating Activities
    Accounts Payable                             $(508,648)             $    --
    FWT Payable                                        246                   93
    FICA                                               229                   80
    Medicare                                            54                   19
    SWT Payable                                         25                   (5)
    Other                                                0                    0
                                                 ---------              -------
    Total Adjustments                            $(508,094)             $   186
                                                 ---------              -------

Net Cash Provided by Operations                  $ 507,429              $   253
                                                 ---------              -------
Cash from Investing Activity                     $       0              $     0
Cash from Financing Activity                     $       0              $     0
                                                 ---------              -------
Net Increase (Decrease) in Cash                  $ 500,877              $   186
Cash Balance at End of Period                    $     907              $   (21)
                                                 ---------              -------
Beginning Cash Balance                           $     286              $   274
                                                 ---------              -------
Net Increase (Decrease) in Cash                  $   1,193              $  (253)
                                                 =========              =======

                                      -6-

<PAGE>
                        CENTURY PACIFIC FINANCIAL CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


     BASIS OF PRESENTATION.  The consolidated  financial  statements include the
     accounts of Century Pacific Financial Corporation and its subsidiaries.  In
     the  opinion  of  management,   the  accompanying   unaudited  consolidated
     financial  statements  contain all  adjustments  (consisting of only normal
     recurring   adjustments,   primarily   eliminations   of  all   significant
     intercompany  transactions  and accounts)  necessary to present  fairly the
     financial  position,  results of operations  and cash flows for the periods
     presented.  Certain financial  statement items from the prior year may have
     been  reclassified  to  be  consistent  with  the  current  year  financial
     statement presentation.

     These consolidated  financial statements should be read in conjunction with
     the consolidated financial statements and the related disclosures contained
     in the Company's  Annual  Report of Form 10-K for the year ended  September
     30, 1998, filed with the Securities and Exchange Commission.

     The results of operations for the three months ended December 31, 1998, are
     not  necessarily  indicative  of the  results to be  expected  for the full
     fiscal year.

     CONDENSED  FINANCIAL  STATEMENTS.   The  unaudited  condensed  consolidated
     financial  information  contained in this report  reflects all  adjustments
     (consisting of normal  recurring  accruals)  considered  necessary,  in the
     opinion of management,  for a fair  presentation of results for the interim
     periods presented.  Certain information and footnote  disclosures  normally
     included in financial  statements  prepared in  accordance  with  generally
     accepted  accounting  principles  have been  condensed  or  omitted.  These
     financial  statements  should  be read in  conjunction  with the  financial
     statements  and notes  thereto  included in the Company's  10-K F.Y.  dated
     September 30, 1998,  Annual Report on form 10-K.  The results of operations
     for periods  ended  December 31, 1998,  are not  necessarily  indicative of
     operations for the full year.

     STOCK OPTION PLANS. None outstanding.

     PREFERRED STOCK.  The Company has one class of preferred  stock.  5,000,000
     shares of  .05000  par  value  preferred  stock  remaining  authorized  but
     unissued.

     WARRANTS. None

                                      -7-

<PAGE>

I
TEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
        RESULTS OF OPERATIONS.


     MANAGEMENT'S  DISCUSSION  AND ANALYSIS OR PLAN OF OPERATION.  This analysis
should  be  read  in  conjunction  with  the  condensed  consolidated  financial
statements,  the notes thereto,  and the financial  statements and notes thereto
included in the Company's  September 30, 1998 , Annual Report on Form 10-K.  All
non-historical  information  contained  in this form  10-K is a forward  looking
statement.  The  forward-looking  statements  contained  herein  are  subject to
certain  risks and  uncertainties  that  could  cause  actual  results to differ
materially from those reflected in the forward looking statements.  Factors that
might cause such  differences  include  changes from the  traditional  marketing
patterns of financial  services  instruments,  such as,  stocks,  bonds,  mutual
funds, and insurance products.  A change from the traditional role of commission
broker to salaried marketing executives or the use of internet marketing systems
which  may  function  substantially  without  sales  personnel,  instead,  those
individuals  being  replaced by registered  order clerks  accepting  unsolicited
transactions.  Substantially  diminished  commission  levels per transaction may
result in lower revenues for these  activities.  Increased  foreign and domestic
competition  may put  pricing  pressures  on goods sold or imported . Changes in
economic trends, war, and other unforeseen situations or developments may result
because of domestic  political  pressures.  Readers are  cautioned  not to place
undue reliance on these forward looking statements,  which reflect  management's
analysis only as of the date hereof.

     MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS. YEAR 2000 ISSUE: The Company recognizes that the arrival of the Year
2000 poses a unique challenge to the ability of all computerized data processing
systems to recognize the date change from December 31, 1999, to January 1, 2000,
and, like other companies,  has assessed its computer  applications and business
procedures to provide for their  continued  functionality.  An assessment of the
readiness  of  external  entities  which it  interfaces  with,  such as vendors,
counterparties,  payment systems,  and others, is ongoing.  Initial contact with
these external entities was completed by the fourth quarter of 1998. The company
does not  expect  the cost to  address  the Year 2000 will be  material  and has
determined  that the software it utilizes in its  operations  will be compatible
with the Year 2000 requirements.

     RESULTS OF OPERATIONS. Comparison of three-month periods ended December 31,
1998 and 1997.  Revenues for the first quarter of the fiscal year of $12,091 are
virtually the same as $10,793 of the prior year. Nine month comparative  figures
reflect  similar low level  revenues due to the  continued  relatively  inactive
state of the company. Pending release from the Chapter 11 Bankruptcy proceedings
will allow the Company to seek new sources of revenue and acquisitions  that are
expected to build both a capital  base,  revenues,  and profits.  The  operating
expenses of $ 11,426 reflect final payment of bills incurred to attain legal and
accounting assistance to prepare the documents required for release from Chapter
11 Bankruptcy  status as well as other normal expenses.  Other expenses remained
virtually the same for the 1998 period as compared with those of 1997.

     During the months of October and  November  with Federal  Bankruptcy  Court
approval which gave  authorization  to proceed with the terms of  reorganization
under  protection of Chapter 11 Bankruptcy debt settlements in the form of minor
amounts of cash or the issue of unrestricted shares of Century stock were made.

     The "Plan", as amended with debt amounts and settlement terms, was attached
herewith along with other  pertinent  exhibits with Form 10K dated September 30,
1998.

     LIQUIDITY  AND CAPITAL  RESOURCES.  The  Corporation  has managed to remain
current in its payable  accounts due to drastic cost cutting for  facilities and
services.

     BASIS OF PRESENTATION.  The consolidated  financial  statements include the
accounts of Century Pacific Financial  Corporation and its subsidiaries.  In the
opinion  of  management,   the  accompanying  unaudited  consolidated  financial
statements  contain  all  adjustments   (consisting  of  only  normal  recurring
adjustments, primarily eliminations of all significant intercompany transactions
and accounts)  necessary to present  fairly the financial  position,  results of
operations and cash flows for the periods presented. Certain financial statement
items from the prior year may have been  reclassified  to be consistent with the
current year financial statement presentation.

     These consolidated  financial statements should be read in conjunction with
the consolidated  financial statements and the related disclosures  contained in
the Company's  Annual Report of Form 10-K for the year ended September 30, 1998,
filed with the Securities and Exchange Commission.

     The results of operations for the three months ended December 31, 1998, are
not  necessarily  indicative  of the results to be expected  for the full fiscal
year.

                                      -8-

<PAGE>

 
                                   PART II


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

     (a)  EXHIBITS

          2     --  Century Report of Share Issuance re. Plan
          3.(i) --  Certificate of Amendment to Certificate of Incorporation
          99.1  --  State of Delaware 1998 Annual Franchise Tax Bill
          99.2  --  CUSIP Number Affirmation

     (b)  REPORTS ON FORM 8-K

          The Company did not file any reports on Form 8-K during the period
          covered by this report.


                                   SIGNATURES

     Pursuant  to the  requirements  of  section  13 or 15(d) 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.


                                          CENTURY PACIFIC FIDELITY CORPORATION


Dated January 10, 2000                    By /s/ Carlton V. Phillips
                                               ---------------------------------
                                               Carlton V. Phillips
                                               Chairman of the Board, President
                                               and Chief Executive Officer


     Pursuant to the  requirements of the Securities  Exchange Act of 1934, this
report has been signed below by the following person on behalf of the Registrant
and in the capacities and on the date indicated.

 Signature and Title                           Date
 -------------------                           ----


/s/ Carlton V. Phillips                   January 10, 2000
-------------------------------
Carlton V. Phillips
Treasurer and Director

                                      -9-

<PAGE>

                                INDEX TO EXHIBITS



         Exhibit No.               Description
         -----------               -----------

            2           Century Report of Share Issuance re. Plan

            3.(i)       Certificate of Amendment to Certificate of Incorporation

            99.1        State of Delaware 1998 Annual Franchise Tax Bill

            99.2        CUSIP Number Affirmation




December 11, 1998

James M. LaGanke, P.C.
202 E. Earll, #340
Phoenix, AZ 85012
(602) 279-6399
FAX (602) 279-5509

RE: United States Bankruptcy Court for the District of Arizona
    In re CENTURY PACIFIC CORPORATION AKA
          CENTURY PACIFIC FINANCIAL CORPORATION
    No. 96-00935-PHX-RTB
    Chapter 11 Proceeding

1. In accordance with the order dated July 22, 1998, creditors holding unsecured
non-priority claims were paid in full by the issuance of 18,624,426 unrestricted
shares of common stock of the debtor. Additionally in accordance with the terms
of the plan related to the acquisition of Tempe Medical Equipment, an operating
subsidiary of Natural Technologies, Inc., 19,828,505 unrestricted shares have
been authorized and requested for issue by Alpha Tech Stock Transfer to
consummate this acquisition in accordance with the terms of the approved plan.

Sincerely yours,

CENTURY PACIFIC CORPORATION, AKA
CENTURY PACIFIC FINANCIAL CORPORATION
1422 N. 44th Street, Suite 211
Phoenix, AZ 85008
(602) 267-7007
FAX (602) 267-0373

By /s/ Carlton V. Phillips
   ---------------------------------
   Carlton V. Phillips, President




                                   EXHIBIT I.


                            CERTIFICATE CF AMENDMENT


                                       TO

                          CERTIFICATE OF INCORPORATION

                                       OF

                      CENTURY PACIFIC FINANCIAL CORPORATION


     Pursuant to the provisions of Section 242 of Subchapter VII of the Delaware
General Corporation Law. as amended,  Century Pacific Financial  Corporation.  a
Delaware  corporation   incorporated   December  29.  1982,  hereby  amends  its
Certificate of  Incorporation  as set forth in the amendment  herein.  which was
duly adopted in accordance with the provisions of said section.

     Article Fourth, paragraph A, is hereby amended to rend as follows.

          "A. Capital Stock.  The total number of shares of all classes of stock
          which  this   Corporation   shall  have  the  authority  to  issue  is
          one-hundred  and five  million  (105,000,000),  of  which  10O,0O0,000
          (100,000,000)  shares shall be Common Stock,  $.04 par value, and five
          million (5,000,000) shares shall he Preferred stock $.05 par value.'"

     IN WITNESS WHEREOF,  the undersigned  officers have signed this Certificate
of Amendment to the Certificate of  Incorporation on this 17th day of September,
1996.



                                                  /s/ Carlton V. Phillips
                                                  ------------------------------
                                                  Carlton V. Phillips, President


ATTEST:

Gladys M. Phillips
-------------------------------
Gladys M. Phillips, Ass't Secy


     IN WITNESS WHEREOF,  said CENTURY PACIFIC FINANCIAL  CORPORATION has caused
its corporate
 seal to be hereunto  affixed and this  certificate to he signed by
Carlton V. Phillips its authorized  officer this  seventeenth  day of September,
1996.


                                                  /s/ Carlton V. Phillips
                                                  ------------------------------
                                                  Carlton V. Phillips, President



<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION  EXTRACTED  FROM  THE
FINANCIAL STATEMENTS FOR THE QUARTER ENDED DECEMBER 31, 1998 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                             907
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                   907
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                     907
<CURRENT-LIABILITIES>                              529
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     2,010,106
<OTHER-SE>                                 (2,009,751)
<TOTAL-LIABILITY-AND-EQUITY>                       907
<SALES>                                         12,091
<TOTAL-REVENUES>                                12,091
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                11,426
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                    665
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       665
<EPS-BASIC>                                          0
<EPS-DILUTED>                                        0
        


</TABLE>





                               STATE OF DELAWARE
                        1998 ANNUAL FRANCHISE TAX REPORT

<TABLE>
<CAPTION>
DO NOT ALTER FILE NUMBER

FILE NUMBER         CORPORATION NAME                        PHONE NUMBER
0961349             CENTURY PACIFIC FINANCIAL CORPORATION
<S>                      <C>
FEDERAL EMPLOYER ID NO.  INCORPORATION DATE   RENEWAL/REVOCATION DATE   DATE OF        FROM      TO
86-0448546               DECEMBER 29, 1982    JANUARY 31, 1995          INACTIVITY:    /   /    /   /

AUTHORIZED STOCK         DESIGNATION     NO. OF SHARES  PAR VALUE/SHARE   NO. SHARES   TOTAL GROSS  ASSET DATE  ASSETS FOR REGULATED
BEGIN DATE  ENDING DATE  OR STOCK CLASS                                   ISSUED       ASSETS                   INVESTMENT CORPS
12-02-95                 COMMON          100,000,000       .04000                                               JAN. 1ST
                         PREFERRED         5,000,000       .05000                                               DEC. 31ST

FRANCHISE TAX       $50.00 PENALTY      3.5% MONTHLY INTEREST    ANN. FILING FEE   PREV. CREDIT OR BALANCE  PREPAID QRTLY. PAYMENTS
$150,000.00         $.00                $.00                     $20.00            $10.50CR

                                                                                                           AMOUNT DUE
                                                                                                           $150,009.50
          Registered Agent 9015442
          THE COMPANY CORPORATION                                                                       MAKE CHECK PAYABLE
          1013 CENTRE ROAD                                                                          DELAWARE SECRETARY OF STATE
          WILMINGTON, DE 19805                                                                     CHECK NO.     AMOUNT ENCLOSED
</TABLE>


$50.00 PENALTY If not Received on or before
March 1, 1999, Plus 1.3% interest per mo.    2  030199  0951343  015000950  0  2

                           DETACH AT THE PERFORATION

        Please use caution when detaching the perforated annual report!!

                 Fold twice at the perforation before tearing!!

If the report is torn or damaged, the state will not accept
 for filing. Requests
for duplicate reports may be made to TCC via fax,  302-636-5454.  Please be sure
to include  your TCC  account  number  and  Delaware  State ID number  with your
request.

                                   Thank you!


CUSIP SERVICE BUREAU

--------------------------------------------------------------------------------
STANDARD & POOR'S, a division of The McGraw-Hill Companies, Inc.
25 Broadway, New York, NY 10004

                                                              September 29, 1998

MR. CARLTON PHILLIPS
CENTURY PACIFIC FINANCIAL CORP
1422 N. 44TH STREET, #211
PHOENIX, AZ 85008

MR. PHILLIPS:

This is in response to your request for the assignment of a Corporate Cusip
Number to:

ISSUER: CENTURY PAC FINL CORP

CUSIP              DESCRIPTION                             RATE      MATURITY
156644  1  0  6    COM

Please call me at (212) 208-8341 with any questions.

                                             Sincerely yours,

                                             Gerard Faulkner
                                             Manager
                                             CUSIP Service Bureau

The assignment of a CUSIP number of a particular security by Standard & Poor's
is not intended by Standard & Poor ?????????, and should not be construed as an
agreement of such security, a recommendation to purchase, sell or hold such
security or an opinion as to the legal validity of such security.

CUSIP Trademark of the Committee on Uniform Security Identification Procedures.
The American Bankers Association.