7

                                  UNITED STATES
                       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 March 31, 2003

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

                         Commission file number 0-28555

                                    VOLT INC.
  -----------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

              NEVADA                                    86-0960464
  ----------------------------------------      ----------------------------
(State or other jurisdiction of incorporation  (IRS Employer Identification No.)
         or organization)

                   41667 Yosemite Pines Dr., Oakhurst CA 93644
  -----------------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (559) 692-2474
  -----------------------------------------------------------------------------
                           (Issuer's telephone number)



  -----------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)


                      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: 3,919,422 Common Shares $0.001 par
value as of March 31, 2003

Transitional Small Business Disclosure Format (Check one): Yes [ ] No [ X ]


<PAGE>


                         PART I -- FINANCIAL INFORMATION

Item 1.  Financial Statements.

The information required by Item 310(b) of Regulation S-B is attached hereto as
Exhibit One.

Item 2.  Management's Discussion and Analysis or Plan of Operation.

The Company continues to diversify its operations for the benefit of the
shareholders. Growth through the subsidiaries in the mortgage, real estate,
construction and energy divisions has been achieved through acquisitions and
internal restructuring for the long term. The Company intends to change its name
from Volt Inc to Kore Holdings, Inc. to better reflect its broadening base of
business.

The Company generated $1,762,777 of revenue, $136,731 of net earnings from
continuing operations and $0.035 in earnings per fully diluted common share from
continuing operations for the six months ended March 31, 2003.

The Company generated $1,218,811 of revenue, $54,621 of net earnings from
continuing operations and $0.014 in earnings per fully diluted common share from
continuing operations for the three months ended March 31, 2003.

For total operations, net income for the six months ended March 31, 2003, was
$136,731 or $0.035 in earnings per fully diluted common share compared with net
income of $20,298 or $0.011 in earnings per weighted-average common share for
the six months ended March 31, 2002.

For total operations, net income for the three months ended March 31, 2002, was
$54,621 or $0.014 in earnings per fully diluted common share compared with net
income of ($2,496) or ($0.001) in earnings per weighted-average common share for
the three months ended March 31, 2002.

RESULTS OF CONTINUING OPERATIONS

                                                             Six Months Ended
                                                                March 31
                                                      -------------- -----------
                                                          2003           2002

                    Revenue                            $1,762,777      $41,400

                    Cost                                  982,336            0
                                                      -----------   -----------
                    Gross profit                          780,441       41,400
                                                      ===========   ===========

                    Gross profit margin                       44%         100%

                    Income from
                    continuing operations             $   136,731      $41,400

                    Earnings per share per
                    share of common stock             $     0.035   $    0.011


<PAGE>
                                                            Three Months Ended
                                                                 March 31
                                                      -----------    -----------
                                                         2003            2002

                    Revenue                            $1,218,811      $11,900

                    Cost                                  760,526            0
                                                      -----------    -----------


                    Gross profit                          458,664      11,900
                                                      ===========    ===========

                    Gross profit margin                     38.0%        100%

                    Income from
                    continuing operations              $   54,621     $(2,496)

                    Earnings per share per
                    share of common stock              $    0.014     $(0.001)


Revenue for the six months ended March 31, 2003 increased $1,721,377 from the
same period last year. Revenue for the three months ended March 31, 2003
increased $1,206,911 from the same period last year. The reason for this
increase was that the Company had not yet acquired First Washington Financial
Corporation ("First Washington") as of the six months and three months ended
March 31, 2002. After the end of the six months and three months ended March 31,
2002, on May 17, 2002, the Company acquired all of the issued and outstanding
stock of First Washington Financial and thereby acquired control of all of the
assets of First Washington. First Washington is a mortgage loan originator in
the home mortgage loan industry and currently concentrates its business in
Washington, D.C., Maryland and Virginia. All of the increase in revenue is
attributable to revenues generated by First Washington.

Cost of revenue and operating expenses increased for these periods solely as a
result of the acquisition by the Company of First Washington.

Earnings per fully diluted common share was $0.035 for the six months ended
March 31, 2003 based upon fully diluted common shares outstanding of 3,919,422,
and earnings per common share was $0.011 for the six months ended March 31, 2002
based upon weighted-average common shares outstanding of 3,919,422.

Earnings per fully diluted common share was $0.014 for the three months ended
March 31, 2003 based on fully diluted common shares outstanding of 3,919,422,
and earnings per common share was $(0.001) for the three months ended March 31,
2002 based upon weighted-average common shares outstanding of 3,919,422.

In October 2002, the Company reached an agreement with Mortgage-Matic of
Greeenbelt, MD to acquire all of the issued and outstanding shares of stock of
Mortgage-Matic. Mortgage-Matic concentrates their business on FHA insured loans
in the $200,000 range. This accounts for approximately 70% of Mortgage-Matic's
business. The acquisition of Mortgage-Matic should facilitate a streamlining of
the processing and underwriting procedures of First Washington and
Mortgage-Matic. The acquisition became effective as of January 1, 2003. The
Company acquired all of the issued and outstanding shares of Mortgage-Matic in
exchange for 75,000 shares of Series II Convertible Preferred Voting Stock. The
Series II Preferred Voting Stock is convertible into the common stock of the
Company on a one for one basis. Mortgage-Matic's net assets consisted of
restricted cash in the amount of $177,384 and other assets.

                          PART II -- OTHER INFORMATION

Item 1.  Legal Proceedings.

In September of 1999, the Deerbrook Publishing Group, Inc. ("Deerbrook") leased
a computer driven aspect image center (printer for film) used to make separation
for printing (the "aspect image center") and certain other computer equipment
from Copelco Capital, Inc. ("Copelco"). All of the equipment was delivered to
the Deerbrook's then printing operation in Phoenix, Arizona, and installed.
Shortly thereafter, Deerbrook ceased printing for itself and its customers. The
equipment was returned to Copelco. In August of 2000, Copelco brought suit in
the United States District Court for the District of Arizona, cause no. CIV
`00-1620 PHX ROS, to recover its alleged damages $155,398.02 for Deerbrook's
return of the leased equipment plus continuing interest at the rate of one and
one-third percent per month and attorneys fees and costs. The Company does not
believe that Copelco has mitigated its damages and further believes that Copelco
has either sold the equipment or otherwise disposed of the same in a manner
which was not commercially reasonable. The Copelco claims will be vigorously
defended against. Any possible loss from this litigation will be less than one
percent (1%) of the Company's net assets and will be immaterial.


Item 2.  Changes in Securities.

Effective January 1, 2003, the Company issued 75,000 shares of Series II
Convertible Preferred Voting Stock (the "Convertible Preferred") in connection
with an acquisition of another company. Each share of the Convertible Preferred
is entitle to one vote on all matters which holders of the Company's common
stock are entitled to vote. The Convertible Preferred Stock is into convertible
the common stock of the Company on a one for one basis.

Item 3.  Defaults Upon Senior Securities

NONE

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

NONE

Item 5.  Other Information.

NONE

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

INDEX TO EXHIBITS.

EXHIBIT
NUMBER          DESCRIPTION OF DOCUMENT
                -------------------------------------------------------
     1          VOLT INC AND SUBSIDIARIES FINANCIAL STATEMENTS


No Forms 8-K were filed during the quarter for which this report is filed.



<PAGE>


                                   SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                                          VOLT INC.
                                                          (Registrant)

Date May 20, 2003                             /s/Denis C. Tseklenis
     ------------                             ------------------------
                                              Denis Costa Tseklenis
                                              Chief Executive Officer
                                              Chairman of the Board



                 CERTIFICATION PURSUANT TO RULE 13A-14 OR 15D-14
                     OF THE SECURITIES EXCHANGE ACT OF 1934

I, Denis C. Tseklenis, Chief Executive Officer certify that:

1. I have reviewed this annual report on Form 10QSB of Volt Inc.

2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The Registrant's other certifying officers and I am responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and I have:

         (a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to me by others within those entities, particularly
during the period in which this annual report is being prepared;

         (b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of this
annual report (the "Evaluation Date"); and

         (c) presented in this annual report my conclusions about the
effectiveness of the disclosure controls and procedures based on my evaluation
as of the Evaluation Date;

5. The Registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

         (a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

         (b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and

6. The Registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.

Dated:  May 20, 2003

/s/Denis C. Tseklenis
Denis C. Tseklenis
Chief Executive Officer


I, Robert F. Rood, Treasurer and Chief Financial Officer certify that:

1. I have reviewed this annual report on Form 10QSB of Volt Inc.

2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The Registrant's other certifying officers and I am responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and I have:

         (a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to me by others within those entities, particularly
during the period in which this annual report is being prepared;

         (b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of this
annual report (the "Evaluation Date"); and

         (c) presented in this annual report my conclusions about the
effectiveness of the disclosure controls and procedures based on my evaluation
as of the Evaluation Date;

5. The Registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

         (a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

         (b) any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's internal
controls; and

6. The Registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our most recent evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.

Dated:  May 20, 2003

/s/ Robert F. Rood
Robert F. Rood
Treasurer
Chief Financial Officer

EXHIBIT ONE


                           VOLT INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS
           MARCH 31, 2003 (UNAUDITED) AND SEPTEMBER 30, 2002 (AUDITED)

                                     ASSETS




                                                   (Unaudited)      (Audited)
                                                   March   31,    September 30,
                                                      2003             2002
                                                   ------------    -------------
Current Assets:
  Cash and cash equivalents                        $ 474,814           $172,521
  Deposits                                             2,000                  -
                                                   ------------    -------------
                        Total Current Assets         476,814            172,521

Property and equipment,net                         5,793,011          5,756,339

Other Assets:
  Goodwill                                         3,000,000          3,000,000
  Deferred financing fees, net                             -              5,000
  Advances receivable                                204,000            204,000
                                                    -----------    -------------
                        Total Other Assets         3,204,000          3,209,000
                                                    -----------    -------------
                        Total Assets              $9,473,825         $9,138,460
                                                   ===========     ============

The accompanying notes are an integral part of the condensed consolidated
                             financial statements.



<PAGE>


                           VOLT INC. AND SUBSIDIARIES
                CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
           MARCH 31, 2003 (UNAUDITED) AND SEPTEMBER 30, 2002 (AUDITED)

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)


                                              (Unaudited)          (Audited)
                                                March 31,      September 30,
                                                 2003                2002
                                              ----------------------------------
Current Liabilities:
  Accounts payable                             $ 33,199         $  36,949
                                              ----------------------------------
                Total Current Liabilities        33,199            36,949

Commitments and Contingencies

Stockholders' Equity (Deficit):
  Preferred stock, $.001 par value,
     10,000,000 shares authorized,
     1,000,000 shares issued and outstanding
     at March 31, 2003 and September 30,
     2002, respectively                           1,000             1,000

  Preferred stock Class B, $.001 par value,
     10,000,000 shares authorized, 75,000
     and 0 shares issued and outstanding
     at March 31, 2003 and September 30,
     2002, respectively                              75                 -

  Common Stock, $.001 par value, 25,000,000
     shares authorized; 3,919,422 shares
     issued and outstanding at March 31,
     2003 and September 30, 2002,
     respectively                                 3,919             3,919

  Additional paid-in capital                 12,980,928        12,778,619
  Accumulated deficit                        (3,545,296)       (3,682,027)
                                            ------------------------------------
      Total stockholders' equity              9,440,626         9,101,511
                                            ------------------------------------

  Total Liabilities and Stockholders' Equity $9,473,825        $9,138,640
                                            ====================================


   The accompanying notes are an integral part of the condensed consolidated
                             financial statements.


<PAGE>


                           VOLT INC. AND SUBSIDIARIES
             CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
           FOR THE SIX AND THREE MONTHS ENDED MARCH 31, 2003 AND 2002

                                        (UNAUDITED)             (UNAUDITED)
                                     SIX MONTHS ENDED       THREE MONTHS ENDED
                                      2003         2002     2003       2002
                                    ----------  --------   --------  ----------

Revenues                            $ 1,762,777 $  41,400  $1,218,811  $ 11,900

Cost of Revenue                         982,336         -     760,526         -
                                    -----------  --------  ----------   -------

Gross Profit                            780,441    41,400     458,285    11,900

Operating Expenses
   General and administrative           643,710    21,102     403,664    14,396
                                    -----------  --------   ---------   -------

Income (loss) from continuing
  operations before income taxes        136,731    20,298      54,621    (2,496)

Income taxes                                  -         -           -         -
                                    -----------  --------   ---------    ------
NET INCOME AVAILABLE TO COMMON
STOCKHOLDERS                        $   136,731  $ 20,298   $  54,621  $ (2,496)
                                    ===========  ========   =========   =======

BASIS AND DILUTED EARNINGS PER SHARE:

NET INCOME AVAILABLE TO COMMON
  STOCKHOLDERS                      $    0.035   $  0.011   $   0.014  $ (0.001)
                                   ============  ========   =========  =======

WEIGHTED NUMBER OF COMMON SHARES
  OUTSTANDING                        3,919,422  1,869,422   3,919,422 1,894,422
                                   ============ =========   =========  ========

   The accompanying notes are an integral part of the condensed consolidated
                             financial statements.
<PAGE>




                           VOLT INC. AND SUBSIDIARIES
          CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
                FOR THE SIX MONTHS ENDED MARCH 31, 2003 AND 2002




                                                     2003           2002
                                             ----------------------------------

CASH FLOWS FROM OPERAITNG ACTIVITIES
Net income                                      $   136,731       $   38,298

Adjustments to reconcile net income to net
cash used by operating activities:
   Depreciation and amortization                     14,428            3,200
   Amortization of Mortgage-Matic                   177,384                -

Changes in assets and liabilities
   Deposits                                          (2,000)               -
   Accounts payable                                  (3,750)         (18,000)
                                             ---------------------------------
      Total adjustments                             186,062)         (14,800)
                                             ---------------------------------
      Net cash provided by
        operating activities                        322,793           23,498


CASH FLOWS FROM INVESTING ACTIVITIES
   Purchases of property and equipment              (45,500)         (12,549)
                                             --------------------------------
   Net cash used in investing activities            (45,500)         (12,549)

CASH FLOWS FROM FINANCING ACTIVITIES
  Contributions of equity                            25,000              -
  Advances receivable - other                          -             (83,500)
                                             ---------------------------------
       Net cash provided by (used in)
        financing activities                         25,000          (83,500)
                                             ---------------------------------

NET INCREASE (DECREASE) IN CASH AND
        CASH EQUIVALENTS                            302,293          (72,551)

CASH AND CASH EQUIVALENTS - BEGINNING OF
YEAR                                                172,521           85,792
                                             ----------------------------------
CASH AND CASH EQUIVALENTS - END OF YEAR         $   474,814         $ 13,241
                                             ==================================

   The accompanying notes are an integral part of the condensed consolidated
                             financial statements.
<PAGE>

                           VOLT INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                             MARCH 31, 2003 AND 2002

NOTE 1-  ORGANIZATION AND BASIS OF PRESENTATION
                  Volt Inc. and Subsidiaries is a power provider and marketer of
                  alternative energy and financial services.  The Company is in
                  the initial stages of implementing its business plan.

                  On April 25, 2001, Denis C. Tseklenis acquired 127,995 shares
                  of the Company's common stock, $.001 par value per share,
                  which constituted approximately 53% of the Company's issued
                  and outstanding common stock for $255,000.

                  On May 17, 2002, the Company acquired First Washington
                  Financial Corporation, a company which provides financial
                  services in Bethesda, Maryland ("First Washington"). First
                  Washington, is a mortgage company whose emphasis lies in
                  residential mortgages in the greater Washington D.C. service
                  area. First Washington was acquired for 2,000,000 shares of
                  the Company's common stock.

                  On May 17, 2002, the Company acquired Opportunity Knocks, LLC
                  to rehab HUD homes and other properties in Washington, D.C.,
                  Maryland and Virginia under the HUD Gift Program. This
                  acquisition was done simultaneously with the acquisition of
                  First Washington and the Company paid no additional
                  consideration for Opportunity Knocks.

                  In October 2002, the Company reached an agreement with
                  Mortgage-Matic of Greeenbelt, MD to acquire all of the issued
                  and outstanding shares of stock of Mortgage-Matic.
                  Mortgage-Matic concentrates their business on FHA insured
                  loans in the $200,000 range. This accounts for approximately
                  70% of Mortgage-Matic's business. The acquisition of
                  Mortgage-Matic should facilitate a streamlining of the
                  processing and underwriting procedures of First Washington and
                  Mortgage-Matic. The acquisition became effective as of January
                  1, 2003. The Company acquired all of the issued and
                  outstanding shares of Mortgage-Matic in exchange for 75,000
                  shares of Series II Convertible Preferred Voting Stock. The
                  Series II Preferred Voting Stock is convertible into the
                  common stock of the Company on a one for one basis.
                  Mortgage-Matic's net assets consisted of restricted cash in
                  the amount of $177,384 and other assets.

                  The Company's wholly owned subsidiary Arcadian Renewable
                  Power, Inc. holds the Company's Wind Farm in the Altamont Pass
                  in Livermore, California.  The Company has two other wholly-
                  owned subsidiaries, Sun Volt, Inc. and Sun Electronics, Inc.

                  In January of 2003, the Company entered into an agreement to
                  acquire Greenlight Lending.com. The transaction was closed in
                  escrow pending resolution of certain matters.

NOTE 2-  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
                  Principles of Consolidation

                  The condensed consolidated balance sheets for March 31, 2003
                  and 2002 and condensed consolidated statements of operations,
                  changes in stockholders' equity and cash flows for the six
                  months then ended includes Volt Inc. and its wholly-owned
                  subsidiaries, Sun Volt, Inc., Sun Electronics, Inc., Arcadian
                  Renewable Power, Inc., First Washington and Opportunity
                  Knocks.

                  Intercompany transactions and balances have been eliminated in
                  consolidation.


<PAGE>



                           VOLT INC. AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                             MARCH 31, 2003 AND 2002

NOTE 2-           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

                  Use of Estimates

                  The preparation of financial statements in conformity with
                  accounting principles generally accepted in the United States
                  of America, requires management to make estimates and
                  assumptions that affect the reported amounts of assets and
                  liabilities and disclosures of contingent assets and
                  liabilities at the date of the financial statements and the
                  reported amounts of revenues and expenses during the reporting
                  period. Actual results could differ from those estimates.

                  Cash and Cash Equivalents

                  The Company considers all highly liquid debt instruments and
                  other short-term investments with an initial maturity of three
                  months or less to be cash or cash equivalents.

                  The Company maintains cash and cash equivalent balances at
                  several financial institutions which are insured by the
                  Federal Deposit Insurance Corporation up to $100,000.

                  Property and Equipment

                  Property and equipment are stated at cost. Depreciation is
                  computed primarily using the straight-line method over the
                  estimated useful life of the assets.

                  Furniture and fixtures                             7 years
                  Office and computer equipment                      3-5 years
                  Wind Farm                                          40 years

                  Revenue Recognition

                  The Company sold merchandise and revenue was recorded under
                  the accrual method of accounting.

                  First Washington records commission income upon the closing of
                  their respective transactions.

                  Advertising and Marketing

                  Advertising and marketing costs are typically expensed as
                  incurred. Advertising and marketing expense was approximately
                  $80,655 and $830 for the six months ended March 31, 2003 and
                  2002, respectively.

                  Income Taxes

                  The income tax benefit is computed on the pretax loss based on
                  the current tax law. Deferred income taxes are recognized for
                  the tax consequences in future years of differences between
                  the tax basis of assets and liabilities and their financial
                  reporting amounts at each year-end based on enacted tax laws
                  and statutory tax rates.


<PAGE>



                           VOLT INC. AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                             MARCH 31, 2003 AND 2002

NOTE 2-           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

                  Fair Value of Financial Instruments

                  The carrying amount reported in the consolidated balance
                  sheets for cash and cash equivalents, notes receivable,
                  accounts payable and accrued expenses approximate fair value
                  because of the immediate or short-term maturity of these
                  financial instruments.

                  Earnings Per Share of Common Stock

                  Historical net income per common share is computed using the
                  weighted average number of common shares outstanding. Diluted
                  earnings per share (EPS) includes additional dilution from
                  common stock equivalents, such as stock issuable pursuant to
                  the exercise of stock options and warrants.

                  The following is a reconciliation of the computation for basic
                  and diluted EPS:


                                                             2003         2002
                                                             ----         ----

                  Net income                              $136,731      $27,794
                                                          --------      -------

                  Weighted- average common shares
                  Outstanding (Basic)                    3,919,422    1,844,422

                  Weighted-average common stock Equivalents:
                           Stock options                         -            -
                           Warrants                              -            -

                  Weighted-average common shares
                  Outstanding (Diluted)                  3,919,422    1,844,422

                  Deferred Financing Fees

                  The Company paid a $10,000 financing fee in connection with a
                  line of credit in April 2002. This fee will be written off
                  over a one-year period of time. As of March 31, 2003, the
                  entire balance has been amortized.



<PAGE>




                           VOLT INC. AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                             MARCH 31, 2003 AND 2002

NOTE 2-           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

                  Goodwill

                  In June 2001, the FASB issued Statement No. 142 "Goodwill and
                  Other Intangible Assets". This Statement addresses financial
                  accounting and reporting for acquired goodwill and other
                  intangible assets and supersedes APB Opinion No. 17,
                  Intangible Assets. It addresses how intangible assets that are
                  acquired individually or with a group of other assets (but not
                  those acquired in a business combination) should be accounted
                  for in financial statements upon their acquisition. This
                  Statement also addresses how goodwill and other intangible
                  assets should be accounted for after they have been initially
                  recognized in the financial statements. This statement has
                  been considered when determining impairment of goodwill in
                  certain transactions. As of March 31, 2003, there are no
                  adjustments of goodwill due to impairment.

                  Reclassifications

                  Certain amounts for the six months ended March 31, 2002 have
                  been reclassified to conform with the presentation of the
                  March 31, 2003 amounts. The reclassifications have no effect
                  on net income for the six months ended March 31, 2002.


NOTE 3-  PROPERTY AND EQUIPMENT

                  Property and equipment consist of the following at March 31,
2003:



                  Wind Farm                                          $5,700,000
                  Furniture and fixtures                                 16,000
                  Computer and office equipment                          99,917
                                                                  -------------
                                                                      5,815,917
                  Less:  accumulated depreciation                        22,906
                                                                  -------------
                  Net book value                                     $5,793,011
                                                                     ==========

                  Depreciation expense for the six months ended March 31, 2003
                  and 2002 was $14,428 and $1,600, respectively. There is no
                  depreciation recognized on the Wind Farm in 2003 or 2002 as it
                  is non operational until placed in service.

NOTE 4-  ADVANCES RECEIVABLE

                  As of March 31, 2003, notes receivable were $204,000. There
                  was no interest due the Company on these loans, and the
                  amounts due at March 31, 2003, are deemed by management to
                  have no specific repayment terms.


<PAGE>



                           VOLT INC. AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                             MARCH 31, 2003 AND 2002


NOTE 5-  DEPOSITS

                  During the quarter ended March 31, 2003, the Company's
                  subsidiary, Opportunity Knocks placed deposits down on four
                  homes in Virginia Beach, Virginia. Opportunity Knocks placed
                  $500 down per home for a total of $2,000. Opportunity Knocks
                  anticipates closing on these homes by the end of its third
                  fiscal quarter.

NOTE 6-  COMMITMENTS AND CONTINGENCIES

                  The Company entered into a lease agreement in April 2001 in
                  Pleasanton, California. The Company paid $2,800 per month for
                  rent. This lease was terminated by the Company in October
                  2001, and all operations now run through the Oakhurst,
                  California location. The security deposit was expensed as part
                  of a rent payment in 2002.

NOTE 7-  STOCKHOLDERS' EQUITY

                  Common and Preferred Stock

                  The Company issued 1,000,000 shares of preferred stock to
                  Denis C. Tseklenis in consideration for the Wind Farm. This
                  preferred stock is convertible by the preferred stockholders
                  at their discretion and they will receive 5 shares of common
                  stock for each share of preferred stock.

                  On April 25, 2001, Denis C. Tseklenis acquired 127,995
                  original issue shares of the Company's common stock, $.001 par
                  value per share, which constituted approximately 53% of the
                  Company's issued and outstanding common stock. Mr. Tseklenis
                  paid the Company $255,000 for the common stock.

                  During the year ended September 30, 2001, in addition to the
                  initial acquisition by Denis C. Tseklenis, the Company had
                  issued 1,678,000 shares and cancelled 225,000 of common stock
                  for $366,711.

                  Prior to the initial acquisition by Denis C. Tseklenis, the
                  Company had issued 1,850,000 shares of common stock for
                  accrued payroll, accounts payable and services.

                  During the quarter ended December 31, 2001, 225,000 shares
                  were reissued that were cancelled from the prior year ended
                  September 30, 2001.

                  On May 17, 2002, the Company issued 2,000,000 shares of common
                  stock to acquire First Washington and thus it became a
                  wholly-owned subsidiary. The shares were valued at a fair
                  value at the time of the transaction ($1.50 per share) or
                  $3,000,000.


<PAGE>



                           VOLT INC. AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                             MARCH 31, 2003 AND 2002


NOTE 7-  STOCKHOLDERS' EQUITY (CONTINUED)

                  Common and Preferred Stock (Continued)

                  On January 1, 2003, the Company issued a board resolution for
                  the authorization of a new class of preferred stock, Series II
                  Convertible Preferred Voting Stock. The Company authorized the
                  issuance of 10,000,000 shares with a par value of $.001.
                  Simultaneously with this authorization, the Company issued
                  75,000 shares of the Preferred Stock Class B, to acquire
                  Mortgage-Matic. The acquisition was for the net assets of
                  Mortgage-Matic which consisted of restricted cash in the
                  amount of $177,384 and other assets. There was no goodwill in
                  this transaction.

NOTE 8-  LITIGATION

                  In September of 1999, the Deerbrook Publishing Group, Inc.
                  ("Deerbrook") leased a computer driven aspect image center
                  (printer for film) used to make separation for printing (the
                  "aspect image center") and certain other computer equipment
                  from Copelco Capital, Inc. ("Copelco"). All of the equipment
                  was delivered to the Deerbrook's then printing operation in
                  Phoenix, Airzona, and installed. Shortly thereafter, Deerbrook
                  ceased printing for itself and its customers. The equipment
                  was returned to Copelco. In August of 2000, Copelco brought
                  suit in the United States District Court for the District of
                  Arizona, cause no. CIV '00-1620 PHX ROS, to recover its
                  alleged damages $155,398 for Deerbrook's return of the leased
                  equipment plus continuing interest at the rate of one and
                  one-third percent per month and attorneys fees and costs. The
                  Company does not believe that Copelco has mitigated its
                  damages and further believes that Copelco has either sold the
                  equipment or otherwise disposed of the same in a manner which
                  was not commercially reasonable. The Copelco claims will be
                  vigorously defended against. Any possible loss from this
                  litigation will be less than one percent (1%) of the Company's
                  net assets and will be immaterial. Since the change in control
                  of the Company on April 6, 2001, there have been no legal
                  proceedings brought against Volt.


<PAGE>


                           VOLT INC. AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
                             MARCH 31, 2003 AND 2002

NOTE 9-  RELATED PARTY TRANSACTIONS

                  On January 1, 2003, the Company entered into a lease agreement
                  for the rental of office space for its home office. An officer
                  of the Company, has a two percent (2%) partnership interest in
                  the partnership that rents this space to the Company. The
                  lease is a five-year lese with a five-year option, with rent
                  of $2,750 per month. Rent expense for the six months ended
                  March 31, 2003 is $8,250. The rental paid by the Company is
                  comparable to rental paid for comparable properties in the
                  area.

NOTE 10- PROVISION FOR INCOME TAXES

                  Deferred income taxes will be determined using the liability
                  method for the temporary differences between the financial
                  reporting basis and income tax basis of the Company's assets
                  and liabilities. Deferred income taxes will be measured based
                  on the tax rates expected to be in effect when the temporary
                  differences are included in the Company's consolidated tax
                  return. Deferred tax assets and liabilities are recognized
                  based on anticipated future tax consequences attributable to
                  differences between financial statement carrying amounts of
                  assets and liabilities and their respective tax bases.

                  At March 31, 2003 and 2002, deferred tax assets consist of the
following:

                                                               2003       2002
                                                               ----      -----

                  Net operating loss carryforwards          $165,889  $ 257,670
                  Less:  valuation allowance                (165,889)  (257,670)
                                                            --------- ---------

                                                            $     -0- $      -0-
                                                            ========= ==========

                  At March 31, 2003 and September 30, 2002, the Company had
                  federal net operating loss carryforwards in the approximate
                  amounts of $414,723 and $496,833, respectively, available to
                  offset future taxable income. The Company established
                  valuation allowances equal to the full amount of the deferred
                  tax assets due to the uncertainty of the utilization of the
                  operating losses in future periods.

NOTE 11-          NOTE PAYABLE - BANK

                  In November 2002, the Corporation closed on a line of credit
                  with a bank in the amount of $750,000. The loan proceeds will
                  be used to acquire properties for Opportunity Knocks. As of
                  March 31, 2003, the Company had no amounts outstanding.

NOTE 12-          SUBSEQUENT EVENTS

                  On April 3, 2003, the Company reached an agreement to acquire
                  Heritage Mortgage for cash and restricted securities. The
                  acquisition enhances the Company's financial services division
                  in an effort to provide nationwide coverage for its financial
                  products.