U. S. Securities and Exchange Commission
                             Washington, D. C. 20549


                                   FORM 10-QSB


[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 SECURITIES EXCHANGE
        ACT OF 1934

         For the transition period from                to
                                        --------------    ------------------


                               Commission File No.
                                     0-31377

                                   COLE, INC.
                 (Name of Small Business Issuer in its Charter)


                 UTAH                                     87-0642556
      (State or Other Jurisdiction of            (I.R.S. Employer I.D. No.)
       incorporation or organization)


                       4848 South Highland Drive Box #140
                           Salt Lake City, Utah 84117
                    (Address of Principal Executive Offices)

                    Issuer's Telephone Number: (310) 795-0252

          (Former Name or Former Address, if changed since last Report)


     Indicate  by check mark  whether the  Registrant  (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the  Securities  Exchange Act of
1934  during  the  preceding  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  X    No              (2)  Yes  X      No
         ----     ----                  ----         ----
<PAGE>

APPLICABLE  ONLY TO  ISSUERS  INVOLVED  IN  BANKRUPTCY  PROCEEDINGS  DURING  THE
PRECEDING FIVE YEARS

     None, Not Applicable;

     APPLICABLE  ONLY  TO  CORPORATE  ISSUERS  Indicate  the  number  of  shares
outstanding  of each of the  Registrant's  classes  of common  stock,  as of the
latest practicable date:

                                 March 31, 2003

                                    1,085,051

PART I - FINANCIAL INFORMATION

Item 1.Financial Statements.

The Financial Statements of the Registrant required to be filed with this 10-QSB
Quarterly Report were prepared by management and commence on the following page,
together  with  related  Notes.  In the  opinion of  management,  the  Financial
Statements  fairly  present  the  financial  condition  of the  Registrant.

<PAGE>
<TABLE>
<CAPTION>


                                   COLE, INC.
                         [A Development Stage Company]
                                 BALANCE SHEETS
                     As of March 31, 2003 December 31, 2002


                                                              03/31/03           12/31/02
                                                           -------------       ---------
                                                            [Unaudited]
                                     ASSETS

Assets

<S>                                                       <C>                     <C>
         Cash                                             $        1,519              98
         Property, Plant & Equipment                               1,410           1,410
         Less: Accumulated Depreciation                           (1,410)         (1,410)
                                                           -------------       ---------

         Total Assets                                     $        1,519              98
                                                           =============       =========

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities:
     Accrued Liabilities                                  $          250             250
     Payable to shareholder                                        5,100           3,600
     Income Taxes Payable                                            100             100
                                                           -------------       ---------
         Total Current Liabilities                                 5,450           3,950

         Total Liabilities                                         5,450           3,950
                                                           -------------       ---------

Stockholders' Deficit:
     Common Stock, $.01 par value;
         authorized 50,000,000 shares; issued and
         outstanding, 1,085,051 shares and
         1,085,051 respectively                                   10,850          10,850
     Paid-in Capital                                               3,155           3,155
     Accumulated Deficit                                         (17,936)        (17,857)
                                                           -------------       ---------
         Total Stockholders' Equity                               (3,931)         (3,852)

                                                           -------------       ---------
         Total Liabilities and Stockholders' Equity       $        1,519              98
                                                           =============       =========


</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                   COLE, INC.
                          [A Development Stage Company]
                            STATEMENTS OF OPERATIONS
                    For the Three Months Ended March 31, 2003 and 2002
            and for the period from inception through March 31, 2003
                                                                                         For the
                                                                                         period from
                                                                                         Inception
                                                                                         [11/3/99]
                                                                                          through
                                                  Three Months       Three Months         3/31/03
                                                      Ended             Ended
                                                     3/31/03           3/31/02
                                                 ---------------   ---------------      -----------
                                                   [Unaudited]       [Unaudited]


<S>                                             <C>               <C>
Revenues                                        $              0  $            266      $     2,311
Cost of Sales                                   $              0  $              0      $         0
                                                 ---------------   ---------------      -----------
    Gross Margin                                               0               266            2,311

General and Administrative Expenses                           79             1,466           19,800
                                                 ---------------   ---------------      -----------

Net Income/(Loss) from Operations                            (79)           (1,200)         (17,489)
                                                 ---------------   ---------------      -----------

Net Income/(Loss) Before Taxes                  $            (79)  $        (1,200)     $   (17,489)
                                                 ===============   ===============      ===========

Income/Franchise taxes                                         0                 0              447

Net Income/ (Loss)                                           (79)           (1,200)         (17,936)

Income/(Loss) Per Share                         $          (0.01)  $         (0.01)     $     (0.02)
                                                 ===============   ===============      ===========

Weighted Average Shares Outstanding                    1,085,051         1,085,051        1,079,945
                                                 ===============   ===============      ===========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                                   COLE, INC.
                          [A Development Stage Company]
                            STATEMENTS OF CASH FLOWS
         For the Three Month Month Periods Ended March 31, 2003 and 2002
            and for the period from inception through March 31, 2003
                                                                                         For the
                                                                                         period from
                                                                                         Inception
                                                                                         [11/3/99]
                                                                                         through
                                                    Three Months       Three Months       3/31/03
                                                        Ended            Ended
                                                       3/31/03          3/31/02
                                                    -------------    --------------     ------------
                                                     [Unaudited]      [Unaudited]

Cash Flows Used For Operating Activities
------------------------------------------------
<S>                                                <C>              <C>
  Net Loss                                         $          (79)   $       (1,200)     $   (17,936)
  Adjustments to reconcile net loss to net cash
    used in operating activities:
    Depreciation                                                0               117            1,410
    Increase/(Decrease) in accounts payable                     0                 0                0
    Shares issued for forgiveness of debt                       0                 0                0
    Increase/(Decrease) in Taxes Payable                        0                 0              200
    Increase/(Decrease) in loan from shareholder                0                 0            3,505
    Increase in accrued liabilities                             0              (257)             250
                                                    -------------    --------------     ------------
      Net Cash Used For Operating Activities                    0            (1,340)         (12,671)
                                                    =============    ==============     ============

Cash Flows Provided by Investing Activities
----------------------------------------------------
   Increase/(Decrease) in Property, Plant &                     0                 0          (1,410)
Equipment
      Net Cash Used for Investing Activities                    0                 0          (1,410)
                                                    =============    ==============     ============

Cash Flows Provided by Financing Activities
---------------------------------------------------
   Issued stock for cash                                        0                0            10,500
   Increase in loans from shareholder                       1,500            2,000             5,000
                                                    -------------    -------------      ------------
      Net Cash Provided by Financing Activities                 0                0            15,500


      Net Increase/(Decrease) In Cash                       1,421              660             1,519

      Beginning Cash Balance                                   98              773                 0

      Ending Cash Balance                       $           1,519 $          1,433             1,519
                                                    -------------    --------------     ------------

</TABLE>
<PAGE>

                                   COLE, INC.
                   Notes to the Interim Financial Statements


NOTE 1- BASIS OF PRESENTATION

          The accompanying  unaudited interim financial statements of Cole, Inc.
          have been prepared in accordance  with generally  accepted  accounting
          principles  and the rule of the  Securities  and  Exchange  Commission
          ("SEC"),  and should be read in conjunction with the audited financial
          statements and notes thereto contained in this Registration Statement.
          In the opinion of management,  all  adjustments,  consisting of normal
          recurring adjustments,  necessary for a fair presentation of financial
          position and the results of operations for interim are not necessarily
          indicative of the results to be expected for the full year.

<PAGE>


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

Plan of Operation.

     The  Company has created  relationships  with a limited  number of clients.
Furthermore,   the  Company  plans  on   increasing   its  client  base  through
advertisement and by broadening the services in which it currently provides.

Results of Operations

     The Company's  operations during the quarterly period ended March 31, 2000,
resulted in $0 in revenue and  incurred  expenses  of $79,  stemming  from costs
related to sales, and also, general and administrative expenses.

Liquidity

     At March 31, 2003, the Company had total current assets of $1,519 and total
liabilities of $5,450.  Management believes that its cash on hand of $1,519 will
be sufficient to allow it to continue its operations for the next six months.

Item 3.Controls and Procedures

     An  evaluation   was  performed   under  the   supervision   and  with  the
participation of the Company's management,  including the CEO and CFO, regarding
the  effectiveness  of the  design and  operation  of the  Company's  disclosure
controls and procedures  within 90 days before the filing date of this quarterly
report. Based on that evaluation,  the Company's  management,  including the CEO
and CFO,  concluded that the Company's  disclosure  controls and procedures were
effective.  There have been no  significant  changes in the  Company's  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to their evaluation.

PART II - OTHER INFORMATION

Item 1.Legal Proceedings.

None; not applicable.

Item 2.Changes in Securities.

None; not applicable

Item 3.Defaults Upon Senior  Securities.

None; not applicable.

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

None; not applicable

Item 5.Other Information.

None; applicable

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

None; not applicable

(b)Reports on Form 8-K.

None; Not Applicable.
<PAGE>

                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002



     In connection  with the Quarterly  Report of Cole,  Inc. (the "Company") on
Form 10-QSB for the quarter ended March 31, 2003,  as filed with the  Securities
and Exchange  Commission  on the date hereof (the  "Report"),  I, James  Doolin,
Chief  Executive  Officer and Chief Financial  Officer of the Company,  certify,
pursuant to 18 U.S.C. 1350, as adopted pursuant to 906 of the Sarbanes-Oxley Act
of 2002, that:


     (1) The Report fully  complies  with the  requirements  of section 13(a) or
     15(d) of the Securities Exchange Act of 1934; and

     (2)  The  information  contained  in the  Report  fairly  presents,  in all
     material respects,  the financial condition and result of operations of the
     Company.


Date: 05/13/03              /S/JAMES DOOLIN
                            James Doolin, Chief Executive Officer and
                            Chief Financial Officer

<PAGE>

                                  CERTIFICATION

I, James Doolin, certify that:

     1. I have  reviewed  this  quarterly  report on Form  10-QSB of Cole, Inc.;

2. Based on my  knowledge,  this  quarterly  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 are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and 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 us by others  within those  entities,  particularly  during the
period in which this quarterly 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
quarterly report (the "Evaluation Date"); and

c) Presented in this quarterly report our conclusions about the effectiveness of
the  disclosure  controls  and  procedures  based  on our  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
the  registrant's  board of  directors  (or persons  performing  the  equivalent
functions):

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
quarterly  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.


Date:  05/13/03                 /S/JAMES DOOLIN
                                --------------------------------------------
                                James Doolin, Chief Executive Officer and
                                 Chief Financial Officer

<PAGE>

SIGNATURES

     Pursuant to the  requirements  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.

                            COLE, INC.



Date: 05/13/03              /S/ JAMES DOOLIN
                            James Doolin, President and Director