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 June 30, 2002

[   ] 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  Employer Identification No.)
      or organization) (IRS


                      P.O. Box 116, Catheys Valley CA 95306
  -----------------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (209) 374-3485
  -----------------------------------------------------------------------------
                           (Issuer's telephone number)



                      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 June 30, 2002

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


<PAGE>


                         PART I -- FINANCIAL INFORMATION

Item 1.  Financial Statements.

                           VOLT, INC. AND SUBSIDIARIES
              INDEX TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED):

         CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2002 (UNAUDITED)
         AND SEPTEMBER 30, 2001 (AUDITED)

         CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE NINE AND
         THREE MONTHS ENDED JUNE 30, 2002 AND 2001 (UNAUDITED)

         CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR NINE MONTHS
         ENDED JUNE 30, 2002 AND 2001 (UNAUDITED)

         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
         (UNAUDITED)




<PAGE>




                           VOLT, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                JUNE 30, 2002 (UNAUDITED) AND SEPTEMBER 30, 2001

                                     ASSETS


                                                   (Unaudited)       (Audited)
--------------------------------------------- ----------------- ----------------

                                                      June 30,      September 30
                                                        2002             2001
                                                        ----             ----
CURRENT ASSETS
   Cash and cash equivalents                    $         6,572   $      85,792
   Commissions receivable                                50,000             -
   Prepaid expenses and other assets                      2,800           2,800
                                                  ------------- ----------------
                        TOTAL CURRENT ASSETS             59,372          88,592

PROPERTY AND EQUIPMENT  - Net                         5,751,047       5,724,399

OTHER ASSETS
    Goodwill                                          1,500,000              -
    Deferred financing fees, net of amortization          7,500              -
    Loans receivable                                    154,500          71,000
                                                  ------------- ----------------

TOTAL ASSETS                                      $   7,472,419     $ 5,883,991
                                                  =============  ==============

                       See accompanying notes to condensed
                       consolidated financial statements.



<PAGE>



                           VOLT, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                 JUNE 30 2002 (UNAUDITED) AND SEPTEMBER 30, 2001

                      LIABILITIES AND STOCKHOLDERS' EQUITY


                                                   (Unaudited)       (Audited)
                                                     June 30       September 30,
                                                       2002              2001
                                                       ----              ----
CURRENT LIABILITIES
    Accounts payable                               $   26,649      $     43,500
                                            ----------------- ------------------
                   TOTAL CURRENT LIABILITIES           26,649            43,500

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY (DEFICIT)
    Preferred stock, $.001 par value, 10,000,000
    shares authorized; 1,000,000 shares and -0-
    shares issued and outstanding at June 30,
    2002 and September 30, 2001 respectively            1,000             1,000

    Common stock, $.001 par value 25,000,000
    shares authorized; 3,919,422 shares
    and 1,694,442 issued and outstanding at
    June 30, 2002 and September 30, 2001
    respectively                                        3,919             1.694

    Additional paid-in capital                     11,278,619         9,780,844
    Accumulated deficit                            (3,837,768)       (3,943,047)
                                                  ------------      -----------
            Total stockholders' equity              7,445,770         5,840,491
                                                  ------------      -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY       $  7,472,419      $  5,883,991
                                                 ============      =============


                       See accompanying notes to condensed
                       consolidated financial statements.




<PAGE>



                           VOLT, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
           FOR THE NINE AND THREE MONTHS ENDED JUNE 30, 2002 AND 2001

                                         (UNAUDITED)            (UNAUDITED)
                                        SIX MONTHS ENDED     THREE MONTHS ENDED
                                           JUNE 30                 JUNE 30
                                       2002          2001      2002         2001
                                     ------------ -------------- ---------------

 REVENUE                              $359,111    $    -    $ 317,711   $   -

 COST OF REVENUE                       112,065         -      112,065       -
                                       --------------------------------- ------

 GROSS PROFIT                          247,046         -      205,646       -

 OTHER EXPENSES
    General and administrative         157,767    124,161     138,665    75,179
    Interest expense                       -        5,934         -       5,156
    Loss on disposal of assets             -        7,845         -         -
                                     ------------------------------------------

 INCOME (LOSS) FROM CONTINUING
 OPERATIONS BEFORE INCOME TAXES AND
 EXTRAORDINARY ITEM                     87,279   (137,940)     66,981  (80,335)

 Income taxes                               -          -          -        -

 LOSS FROM DISCONTINUED OEPRATIONS          -      (2,235)        -        -

 EXTRAORDINARY ITEM
    Reveersal of debt and payables      18,000    379,476         -    116,876
                                    -------------------------------------------
 NET INCOME                            105,279    239,301    66,981     36,541

    Dividends                               -    (167,435)        -         -
                                    -------------------------------------------
 NET INCOME AVAILABLE TO COMMON
 STOCKHOLDERS                        $ 105,279   $ 71,866   $66,981   $  36,541
                                      ========    ========   =======   =======

 BASIC  AND DILUTED EARNINGS PER SHARE:
    Income from continuing operations
    available to common stockholders      0.04      (0.14)     0.02       (0.08)
    Extraordinary item                    0.01       0.40         -        0.12
                                          ----       ----      ----        ----
NET INCOME AVAILABLE TO COMMON
STOCKHOLDERS                         $    0.05      $0.26   $  0.02    $   0.04
                                     =========      =====   =======      ======

WEIGHTED AVERAGE NUMBER OF COMMON
SHARES OUTSTANDING                  2,219,422     952,411 2,919,422     952,411
                                    =========     ======= =========    =========






                       See accompanying notes to condensed
                       consolidated financial statements.




<PAGE>



                           VOLT, INC. AND SUBSIDIARIES
           CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
                FOR THE NINE MONTHS ENDED JUNE 30, 2002 AND 2001

                                                    NINE MONTHS ENDED
                                                        JUNE 30
                                                2002                  2001
                                           --------------         --------------

CASH FLOWS FROM OPERATING
ACTIVITIES:
   Net Income                              $   105,279     $          239,301

  Adjustments to reconcile net income to
   net cash used by operating activities:

   Depreciation                                  6,293                  1,732
   Loss on disposal of assets                        -                  7,845
   Inventory distributed as dividend                 -               (112,246)
   Common stock issued for acquisition
   costs, services, payables and accrued
   payroll                                           -                278,000
   Non cash interest expense                         -                  5,934
   Change in net assets of discontinued
      operations                                     -                (42,645)
   Discontinued operations                           -                 44,880
   Reversal of debt and payables               (18,000)              (116,876)

   Changes in assets and liabilities:

   Prepaid expenses and other                        -                  41,000
   Commissions receivable                      (50,000)                      -
   Inventory                                         -                 107,571
   Accounts payable                              1,149                (68,694)
   Accrued payroll                                   -               (513,647)
   Other liabilities                                 -                (31,492)
                                               --------              --------
         Total adjustments                     (60,558)              (398,638)
                                                -------              --------

       Net cash provided by (used in)
           operating activities                 44,721               (159,337)

CASH FLOWS FROM INVESTING ACTIVITIES:
   Purchases of property and equipment         (30,441)               (40,300)
                                              ---------             ----------

        Net cash used by investing activities  (30,441)               (40,300)
                                              -----------           -----------


                       See accompanying notes to condensed
                       consolidated financial statements.

<PAGE>

                           VOLT, INC. AND SUBSIDIARIES
           CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
                FOR THE NINE MONTHS ENDED JUNE 30, 2002 AND 2001

                                                          NINE MONTHS ENDED
                                                               JUNE 30
                                                        2002          2001
                                                   -------------- --------------
CASH FLOWS FROM FINANCING
ACTIVITIES:
     Stockholders advance                             (83,500)        (71,000)
     Deferred financing fees                          (10,000)              -
     Proceeds from issuance of common stock                 -         280,808
                                                    ----------      ----------
          Net cash provided by financing activities   (93,500)        209,808
                                                  ------------------------------
NET CHANGE IN CASH AND CASH EQUIVALENTS               (79,220)         10,171

CASH AND CASH EQUIVALENTS AT
BEGINNING OF PERIOD                                    85,792             596
                                                   -----------------------------
CASH AND CASH EQUIVALENTS AT
END OF PERIOD                                      $    6,572        $ 10,767
                                                   ==========     =============
NON CASH INVESTING AND FINANCING
ACTIVITIES

Common stock issued for the acquisition of
  First Washington                                $1,500,000         $      -
                                                  ============    ============


                       See accompanying notes to condensed
                       consolidated financial statements.





<PAGE>



                           VOLT, INC. AND SUBSIDIARIES
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
                             JUNE 30, 2002 AND 2001


NOTE 1-  ORGANIZATION AND BASIS OF PRESENTATION

                  The condensed consolidated unaudited interim financial
                  statements included herein have been prepared, without audit,
                  pursuant to the rules and regulations of the Securities and
                  Exchange Commission. The consolidated financial statements and
                  notes are presented as permitted on Form 10-QSB and do not
                  contain information included in the Company's annual
                  consolidated statements and notes. Certain information and
                  footnote disclosures normally included in financial statements
                  prepared in accordance with accounting principles generally
                  accepted in the United States of America have been condensed
                  or omitted pursuant to such rules and regulations, although
                  the Company believes that the disclosures are adequate to make
                  the information presented not misleading. The results for the
                  nine and three months ended June 30, 2002 may not be
                  indicative of the results for the entire year.

                  These statements reflect all adjustments, consisting of normal
                  recurring adjustments which, in the opinion of management, are
                  necessary for fair presentation of the information contained
                  herein.

                  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.

                  Deerbrook Publishing Group, Inc. was a distributor of fine
                  arts.  Effective March 31, 2001, Deerbrook Publishing Group,
                  Inc. entered into an agreement to spin off its subsidiaries;
                  Inter Arts, Inc. and Cimmaron Studios, Inc. On April 23, 2001,
                  the Company effected a 1 for 100 reverse stock split for its
                  $.001 par value common stock. Upon this spin off, the name was
                  officially changed to Volt, Inc. when 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 mortgage company in Bethesda,
                  Maryland ("First Washington"). First Washington, is a mortgage
                  company thats 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.

                  In the Company's fiscal third quarter of 2001, two inactive
                  wholly-owned subsidiaries, Sun Volt, Inc. and Sun Electronics,
                  Inc. were incorporated.  Another wholly-owned subsidiary is
                  Arcadian Renewable Power, Inc.  This subsidiary is the
                  corporation that holds the Altamont Wind Farm in the Altamont
                  Pass in Livermore, California.


<PAGE>

                           VOLT, INC. AND SUBSIDIARIES
  NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                             JUNE 30, 2002 AND 2001


NOTE 2-  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

                  Principles of Consolidation

                  The unaudited condensed consolidated balance sheet as of June
                  30, 2002, and unaudited statements of operations for the nine
                  and three months ended June 30, 2002, and unaudited cash flows
                  for the nine months ended June 30, 2002 includes Volt, Inc.
                  and its wholly-owned subsidiaries, First Washington, Sun Volt,
                  Inc., Sun Electronics, Inc. and Arcadian Renewable Power, Inc.

                  The unaudited condensed consolidated statements of operations
                  for the nine months ended June 30, 2001, and cash flows for
                  the nine months ended June 30, 2001 also include the
                  wholly-owned subsidiaries of Deerbrook Publishing Group, Inc.,
                  Signature Editions, Inc., Inter Arts, Incorporated, and
                  Cimmaron Studios, Inc.

                  Intercompany transactions and balances have been eliminated in
                  consolidation.


                  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 consolidated 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.

                  Office and Computer                                   5 years
                  Furniture and Fixtures                                7 years
                  Wind Farm                                            40 years

<page>
                           VOLT, INC. AND SUBSIDIARIES
  NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                             JUNE 30, 2002 AND 2001



NOTE 2-           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

                  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

                  Advertising costs are typically expensed as incurred.

                  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.

                  Fair Value of Financial Instruments

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

                  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. The unamortized balance at
                  June 30, 2002 is $7,500.

                  Earnings (Loss) Per Share of Common Stock

                  Historical net income (loss) 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.





<PAGE>

                           VOLT, INC. AND SUBSIDIARIES
  NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                             JUNE 30, 2002 AND 2001



NOTE 2-           SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

                  Earnings (Loss) Per Share of Common Stock (Continued)

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


                                                  June 30,           June 30,
                                                    2002               2001
                                                    ----               -----

                  Net income                    $ 105,279            $ 71,866
                                                ---------            ----------

                  Weighted- average common
                  shares Outstanding (Basic)    2,219,422             952,411

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

                  Weighted-average common
                  shares Outstanding (Diluted)  2,219,422             952,411

                  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 June 30, 2002, there are no
                  adjustments of goodwill due to impairment.

                  Reclassifications

                  Certain amounts for the nine and three months ended June 30,
                  2001 have been reclassified to conform with the presentation
                  of the June 30, 2002 amounts. The reclassifications have no
                  effect on net income for the nine and three months ended June
                  30, 2001.

<PAGE>





                           VOLT, INC. AND SUBSIDIARIES
  NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                             JUNE 30, 2002 AND 2001

NOTE 3-  NOTES RECEIVABLE

                  As of June 30, 2002, notes receivable were $154,500 . There
                  was no interest due the Company on these loans, and the
                  amounts due at June 30, 2002, are deemed by management to have
                  no specific repayment terms.

NOTE 4-  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 Cathey's Valley,
                  California location.

NOTE 5-  STOCKHOLDERS' EQUITY

                  Common and Preferred Stock

                  Effective April 23, 2001, the Registrant effected a 1 for 100
                  reverse stock split for its common stock, $.001 par value per
                  share.

                  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.

                  The Company also issued 1,000,000 shares of preferred stock to
                  Denis C. Tseklenis in consideration for the Wind Farm.

                  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 issued as a share exchange With American Powerhouse.

                  On May 17, 2002, the Company issued 2,000,000 shares of
                  restricted common stock to acquire First Washington and thus
                  it became a wholly-owned subsidiary. The shares were valued at
                  a sixty percent discount of the Company's fair value at the
                  time of the transaction ($.75 per share) or $1,500,000.





<PAGE>
                           VOLT, INC. AND SUBSIDIARIES
  NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                             JUNE 30, 2002 AND 2001



NOTE 6-  LITIGATION

                  At September 30, 2000, Inter Arts, Inc. was involved in
                  litigation with Copelco Capital, Inc. ("Copelco") the lessor
                  of silk screens. Copelco brought suit against the company to
                  recover its damages for the return of the leased equipment.
                  Inter Arts filed a motion to dismiss presenting defenses of
                  improper value and insufficiency of service of process and
                  alternatively for change of venue. In April 2001 upon the
                  recapitalization by Volt, Inc., the subsidiary, Inter Arts was
                  not part of the transaction. Management, with the advice of
                  legal counsel, has written off the liability.

NOTE 7-           PENDING ACQUISITIONS, MERGERS AND BUSINESS COMBINATIONS

                  The Company is currently negotiating and concluding its due
                  diligence with Wolverine Power Corporation, which owns
                  hydroelectric plants in Michigan. Wolverine Power Corporation
                  has long-term power sales contracts to Consumers Electric
                  Corp., a NYSE company. Revenue approximating $1,000,000
                  annually, will be realized by the Company when and if the
                  transaction is completed.

                  The Company has completed the acquisition of Opportunity
                  Knocks, Inc. during the third fiscal quarter of 2002 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.




<PAGE>





Item 2. Management Discussion and Analysis or Plan of Operation

The company is continuing its focus on the mortgage and real estate segment of
the business because that is where it believes it will experience the most
growth and profit potential at this time in the current market. Our mortgage
subsidiary, First Washington Financial Corporation (FWF) is currently licensed
in 18 states. We are undergoing the normal regulatory review, and through our
banking affiliates, expect to be licensed in 50 states by the end of our fiscal
year, which is September 30th. This will allow us to substantially increase the
number of loans we can book per month. The economic indicators for FHA and first
time homebuyers which we concentrate on show strong demand now and for the
foreseeable future. Because the First Washington acquisition occurred on May
17th we could only book one half (1/2) of the quarter's revenue and earnings.
Fourth quarter business is growing and we expect it to continue to grow into the
next fiscal year and beyond. The energy division remains slow and we do not plan
to continue construction on the new wind facilities or incur any debt until the
political climate in California clears and we know the long term power contracts
will be secure. The real estate and construction rehab business through our
Opportunity Knocks subsidiary should show strong growth through strategic
alliances and partnerships which we feel will benefit earnings with a positive
impact both short and long term. Updates on the progress of the company can be
found on our website: www.voltinc.com.


                          PART II -- OTHER INFORMATION

Item 1.  Legal Proceedings.

At September 30, 2000, Inter Arts, Inc. was involved in litigation with Copelco
Capital, Inc. ("Copelco") the lessor of silk screens. Copelco brought suit
against the company to recover its damages for the return of the leased
equipment. Inter Arts filed a motion to dismiss presenting defenses of
improper value and insufficiency of service of process and alternatively for
change of venue. In April 2001 upon the recapitalization by Volt, Inc., the
subsidiary, Inter Arts was not part of the transaction. Management, with the
advice of legal counsel, has written off the liability.

Item 2.  Changes in Securities.

On May 17, 2002, the Company issued 2,000,000 shares of restricted common stock
to acquire First Washington and thus it became a wholly-owned subsidiary. The
shares were valued at a sixty percent discount of the Company's fair value at
the time of the transaction ($.75 per share) or $1,500,000.

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
-------------------------------------------------------
         NONE



                                   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 August 20, 2002
                                            ----------------------------------
                                            Denis Costa Tseklenis, Sole Director